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Warning From Rep: EFCC’s Raid On Dangote Industries Poses Threat To Investors Details
The Chairman of the House Committee on Water Resources, Hon. Sada Soli, has expressed concern over the potential impact of the Economic and Financial Crimes Commission (EFCC)’s recent visit to Dangote Industries on both foreign and domestic investments. Last week, EFCC operatives visited the Lagos Head Office of Dangote Group, reportedly related to forex allocations dating back to 2015…..CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Aliko Dangote, Chairman of Dangote Group, denied any wrongdoing and expressed willingness to cooperate with the anti-graft agency. However, a source from EFCC confirmed the visit, stating it was due to the company’s non-compliance with requests for documents on forex allocations from 2014 to 2023.
Hon. Sada Soli criticized the EFCC’s approach, expressing disapproval in a statement. He urged President Bola Tinubu and all conscientious Nigerians to address the issue of preferential foreign exchange allocations, emphasizing the need to maintain decorum to prevent potential disharmony.
Soli expressed concern about the recent invasion, stating it could negatively impact stability, progress, and unity in the country. He questioned the EFCC’s approach, highlighting the importance of careful, rigorous investigations and diligent prosecution by professionals rather than a show of force.
The statement stressed the significance of handling such probes discreetly, especially during economic challenges, to avoid sending the wrong signals and maintain the nation’s reputation. Soli called for a deviation from the gung-ho approach and emphasized the need for respect for etiquette and the rule of law in conducting investigations involving major businesses.
In summary, Soli cautioned against the EFCC’s publicized approach, asserting that it could harm the reputation of internationally respected companies and impact the nation’s efforts to attract investments and alleviate economic crises.
Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, has advised the House of Representatives member of the African Democratic Congress (ADC), Leke Abejide, to remain in his party.....KINDLY READ THE FULL STORY HERE▶
Gbajabiamila made the remark during a birthday celebration organised in honour of Abejide, according to reports.
He noted that the All Progressives Congress (APC) was pleased with the lawmaker’s activities within the ADC, adding that his presence was creating internal tensions in the opposition party.
The Chief of Staff also urged Abejide to disregard calls from APC members, including former Kogi State Governor, Yahaya Bello, who had reportedly encouraged him to defect to the ruling party.
“Don’t come to APC. Stay in ADC and scatter them. We like what you’re doing. Don’t mind former governor Yahaya Bello, who said you should join APC. No, no, no, stay in ADC and win your election. Also, bring Bala Gombe, and we’ll support him. Good luck in court,” he was quoted as saying.
Meanwhile, fresh tension has emerged within the African Democratic Congress as factional leader Nafiu Bala accused former national chairman Ralph Nwosu of misrepresenting the purpose of a recent party event.
Bala, speaking in an interview on AIT on Monday, said he was invited to what he believed was a routine meeting to welcome new members but later discovered it was used to announce a new leadership structure led by David Mark.
He explained that he only realised the full agenda after proceedings had begun, adding that the event also featured Nwosu stepping down while unveiling new party executives.
According to him, the development has deepened existing internal disputes within the party, especially with the appointment of David Mark and others into key leadership positions during the gathering.
Leaders of the All Progressives Congress (APC) in Ogun East Senatorial District have reportedly endorsed Governor Dapo Abiodun as their preferred candidate for the 2027 senatorial election.....KINDLY READ THE FULL STORY HERE▶
According to reports, the decision was taken on Monday during a large political gathering held at Adeola Odutola Hall in Ijebu-Ode, which attracted party stakeholders and grassroots representatives from across the district.
A statement from the governor’s media office indicated that the meeting was widely attended by key APC figures, including members of the Governor’s Advisory Council, former and serving local government chairmen, councillors from all wards, as well as current and former lawmakers at both state and national levels. Women leaders, youth groups, and other stakeholders were also present.
Party leaders at the event expressed confidence in Abiodun’s capacity to represent Ogun East effectively at the National Assembly, describing his leadership record as a key factor in their decision.
They also resolved to formally communicate the endorsement to the governor and begin mobilisation efforts ahead of the 2027 electoral cycle.
The Secretary to the State Government, Tokunbo Talabi, noted that the governor’s performance in office and his role in fostering unity within the party were central to the decision to support his senatorial ambition.
The Presidency has criticised former presidential candidate, Peter Obi, questioning his leadership ability and accusing him of failing to manage internal crises within the Labour Party (LP).....KINDLY READ THE FULL STORY HERE▶
According to reports, the Special Adviser to President Bola Tinubu on Media and Public Communication, Sunday Dare, made the remarks during an interview on African Independent Television (AIT) on Monday.
Dare argued that Obi did not found the Labour Party and does not have full control over its structure, adding that his handling of party disputes raises concerns about his leadership capacity.
He further alleged that Obi has shown a pattern of moving between political platforms rather than resolving internal challenges, insisting that he “cannot fix” his own party.
Dare said the Labour Party’s internal crisis had been visible for years and questioned Obi’s level of involvement in resolving it, suggesting that he instead left the party amid the turmoil.
He stated that such leadership qualities should be scrutinised given national responsibilities, adding, “You cannot fix your party.”
The presidential aide also addressed claims linking the Presidency to the crisis within the African Democratic Congress (ADC), rejecting any involvement and insisting the party’s internal issues were not influenced by the federal government.
He maintained that the ADC situation is already before the courts and should be resolved through judicial processes rather than public agitation or political pressure.
Dare urged all parties involved to respect ongoing legal proceedings, stressing that court decisions would ultimately determine the outcome of the disputes.
He added that the government remains committed to respecting the judiciary and warned against attempts to influence public opinion while cases are still being decided.
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