News
Textile garment union lauds CBN’s ban on sale of FOREX
Mr Issa Aremu, the General Secretary, National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) has commended the Central Bank of Nigeria (CBN) for the ban on sale of FOREX.
Nationaltrail reports that the CBN had on March 5, at its meeting with stakeholders in the cotton, textile, garment value chain in Abuja, banned the sale of FOREX to importers of textiles into the country.
The CBN listed all forms of textile materials among items prohibited from foreign exchange in its official windows.
It also promised a financial intervention to textile manufacturers with the provision of funds at single digits rate to refit, retool and upgrade their factories to enable them produce high quality textile materials for the local and export market.
Aremu, who is also a NEC member of NLC, gave the commendation in Thursday in Abuja.
He observed that more than ever, the CBN had commendably financed development in Nigeria under the leadership of Mr Godwin Emefiele, citing anchor rice borrowers scheme that had improved rice sufficiency in the country.
He said that smuggling and wholesale importation of textiles contributed to the closure of many textile industries in the past.
He however described smuggling as “economic terrorism”, adding that the new initiative of the CBN governor would boost local production, create jobs and lessen pressure on FOREX if fully implemented.
The labour leader commended the creativity of CBN on the dollars restrictions on some goods Nigeria could produce at home including textiles.
According to Aremu, the CBN governor had said the decision was critical toward reviving the moribund sector and creating jobs for Nigerians.
The apex bank governor disclosed that the country currently spends over four billion dollars annually on imported textiles and ready-made clothing which is unacceptable.
He noted that the CBN governor also said the CBN would craft adequate measures to deal with the menace of smuggling, which had often threatened efforts toward self-sufficiency.
Aremu said that the CBN would make life difficult for smugglers and warned all FX dealers in the country to desist from granting any importer of textile material access to foreign currency in the Nigerian foreign exchange market.
He recalled that in the 1970s and early 1980s, Nigeria was home to Africa’s largest textile industry with over 180 textile mills in operations, which employed close to over 450,000 people.
He noted that the textile industry was the largest employer of labour after the public sector, contributing over 25 per cent of the workforce in the manufacturing sector.
The labour leader said that the industry was supported in the production of cotton by 600,000 local farmers across 30 of Nigeria’s 36 states, among others.
He said that in recent times, many of the textile employers had to lay off employees, while most of the factories mentioned had all stopped operations.
“This has left only 25 textile factories in operation presently and operating below 20 per cent of their production capacities with total workforce of less than 20,000 people,’’ he said.
Aremu commended the CBN for all the creative measures to stimulate domestic production, which would put a stop to factory closures and create new jobs.
He said that as a developing economy, Nigeria needed creative monetary policies and development financing that could boost industrialisation.
He called on the Federal Government to complement the development financing of the CBN through fiscal, industrial and labour market policies to reinvent Nigerian economy and ensure sustainable decent jobs for the youths.
News
Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu
Nigeria’s security agencies have reportedly uncovered a plan by some opposition politicians to organise protests in Sokoto and other northern states against President Bola Tinubu and National Security Adviser Nuhu Ribadu.
Fresh intelligence reports made available to journalists on Friday show that former Senator Kabiru Marafa is the main arrowhead of the plot.
The group is allegedly working to discredit NSA Nuhu Ribadu and the Minister of State for Defence, Bello Matawalle, by falsely linking them to bandit groups and using a Sokoto-based militia to trigger violent protests.
Sources say the Zamfara State Government, led by Governor Dauda Lawal, is strongly backing the plan and providing funding, determined to paint the federal security team as incompetent and force the removal of both Ribadu and Matawalle.
Security operatives detected the scheme this week, monitored several planning meetings in Gusau and Abuja, blocked funding channels, and quietly disrupted the operation.
No arrests have been made, but all the key figures are now under close surveillance.
The key figures are now being monitored by security agencies to track their key sources of funding.
News
CCSO Breaks Silence, Says Allegations Were Fabricated And Unjust
… withdraw petition of alleged corruption
No fewer than 17 Civil Society Organizations, CSOs, Tuesday, withdrew allegations and begged the Director General, DG, Bureau of Public Procurement (BPP), Dr Adebowale Adedokun.
The CSOs had earlier leveled allegations of financial impropriety, abuse of office, and monetization of Certificates of No Objection against Adedokun, and the Chief of Staff, Mr. Olanrewaju Obasa, which was circulated on different conventional and online media platforms.
Also they had mobilized to hit the streets in regards to the false allegations they had earlier raised against the DG and Obasa, the Chief of Staff scheduled for this week Friday 5th December at the BPP headquarters in Abuja and the National Assembly.
The CSOs had their leaders signed the statement include: Comrade Ibrahim Bello – National Coordinator, Centre for Fiscal Transparency and Public Integrity (CFTPI); Hajiya Fatima Sani – Executive Director, Citizens Watch for Good Governance (CWGG); Barr. Chukwudi Eze – Chairman, Accountability and Democratic Values Initiative (ADVI); Dr. Mrs. Ngozi Okeke – President, Nigerian Coalition Against Corruption and Waste (NCACW); Pastor Emmanuel Adebayo – General Secretary, Voice of Conscience Foundation (VOCF); Mr. Tunde Ogunleye – National Convener, Integrity Monitors Network (IMN); Ms. Chioma Nwosu – Chairperson, Patriots for Transparent Procurement (PTP); Comrade Aisha Yusuf – National Secretary, Civil Liberties and Anti-Corruption Movement (CLACOM).
Others are, Engr. Musa Abdullahi – Director of Programmes, Due Process Advocacy Network (DPAN); Prof. Grace Adeyemi – Board Chair, National Alliance for Ethical Leadership (NAEL); Mr. Segun Olawale – Spokesperson, Citizens Coalition for Open Governance (CCOG); Barr. (Mrs.) Funmi Adewole – Legal Adviser, Justice and Accountability Project (JAP); Alhaji Usman Danladi – Northern Coordinator, Nigerian Integrity and Development Forum (NIDF); Rev. Fr. Joseph Okon – South-South Zonal Chairman, Public Funds Protection Movement (PFPM); Ms. Bolanle Adeoti – Women Leader, Transparency and Responsibility Advocates (TRA); Elder Peter Okonkwo – South-East Coordinator, Good Governance Monitors Assembly (GGMA); and Mallam Bello Yakubu – North-West Chairman, Anti-Corruption Crusaders Network (ACCN).
The statement reads in part, “Today, the leadership of the Coalition of Civil Society Organizations (CCSO) – a platform of over seventeen (17) registered and reputable civil society groups across Nigeria – addresses the nation on a matter of principle, accountability, and national interest.
“In the past week, allegations of financial impropriety, abuse of office, and monetization of Certificates of No Objection were levelled against the Director General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and the Chief of Staff, Mr. Olanrewaju Obasa. Some member organizations of CCSO, acting on reports circulating in the media and online, issued statements and began mobilizing for a national rally scheduled for Friday, 5th December 2025, at the BPP headquarters and the National Assembly.
“Following an emergency joint meeting of all seventeen member organizations, a thorough review of official records, and direct engagement with verifiable evidence provided by the Bureau, we have reached a unanimous resolution that the allegations are entirely false, baseless, and deliberately fabricated by interests opposed to the far-reaching reforms currently underway at the BPP.
“On behalf of the entire Coalition and its over seventeen member organizations, we hereby: “Unreservedly withdraw every statement, press release, social media post, or public comment issued by CCSO or any of its affiliates that implicated Dr. Adebowale Adedokun and Mr. Olanrewaju Obasa in any wrongdoing.
“Tender an unreserved and sincere public apology to: Dr. Adebowale Adedokun, Director General of the Bureau of Public Procurement; Mr. Olanrewaju Obasa, Chief of Staff; The management and staff of the BPP;
“The Honourable Minister of Finance and Coordinating Minister of the Economy; and the Federal Government of Nigeria for the distress, embarrassment, and reputational harm caused by our earlier position.”
Meanwhile, they also unanimously passed vote of confidence on the leadership of DG BPP, Dr Adedokun.
“We pass a unanimous and resounding vote of confidence in the leadership of Dr. Adebowale Adedokun. Under his stewardship, the BPP has recorded historic achievements that deserve national commendation, including:
“Blocking financial leakages through rigorous due process enforcement; Establishing the Price Intelligence Unit, Procurement Surveillance and Audit Unit, and Monitoring and Evaluation Unit; Championing the Nigeria First Policy and Affirmative Procurement;
“Deepening participation of women, youth, and Small and Medium Enterprises in federal contracts; Advancing a contractor classification and rating system set for full rollout by January 2026 – a game-changer that will end the era of awarding multibillion-naira projects to incompetent contractors.”
Also they “Officially and irrevocably cancel the planned rally of Friday, 5th December 2025. All state chapters, zonal coordinators, and partner networks are directed to stand down immediately.
“The CCSO remains irrevocably committed to the fight against corruption wherever it exists. But we are equally committed to truth, fairness, and justice. When evidence shows that a public official is not the problem but part of the solution, it is our duty to acknowledge it publicly and without hesitation. That is what we have done today.
“We urge the media, online platforms, and all Nigerians who helped amplify the false narrative to demonstrate the same courage by retracting their reports and issuing corrections.
“We commend Dr. Adebowale Adedokun and the BPP for their transparency and willingness to be held accountable – qualities that true reformers embody.”
News
Nestoil: Police refuse Bailiffs access to Nestoil premises as Lagos CP’s illegalities escalate
Concerns have been raised over the handling of police operations connected to the ongoing legal dispute involving Nestoil Group and FBNQuest, with critics warning that recent actions by the Lagos State Police Command could undermine public confidence in the Nigeria Police Force and the administration of President Bola Tinubu.
It was indicate that court bailiffs who visited the Lagos premises of Nestoil Group on Tuesday morning to serve an order issued by Justice R.N. Ofili Ajumogobia were denied access by armed police officers stationed at the location. The officers were said to have insisted that no court official would be allowed into the building without clearance from the Lagos State Commissioner of Police, CP Jimoh Moshood.
Sources familiar with the case allege that the police deployment contradicts interim orders issued by the Federal High Court in Abuja regarding the disputed property, which is claimed by Drawcok Estates Ltd. According to court documents, Drawcok Estates Ltd—represented by senior advocates Kehinde Ogunwumiu, SAN, and Ademola Abimbola, SAN—requested judicial protection over the properties located at 4 Nyasa Close, Maitama, Abuja, and 41/42 Akin Adesola Street, Victoria Island, Lagos.
In a ruling delivered on 24 November 2025 in Suit No. FHC/ABJ/CS/2385/2025, Justice Ofili Ajumogobia affirmed the applicant’s right to possess the properties and held that their previous sealing by security operatives amounted to an infringement of property rights guaranteed under the 1999 Constitution and the African Charter on Human and Peoples’ Rights.
The judge ordered the respondents—including the Nigerian Police Force and the Inspector-General of Police—to vacate the properties and provide security to enable Drawcok Estates Ltd to regain possession. The court further restrained the respondents from denying the applicant access to the premises or engaging in acts that could constitute harassment.
Despite the court’s pronouncements, stakeholders allege that a significant number of police officers remain attached to Mr. Sulu Gambari, who has described himself as a receiver-manager appointed in a related matter previously handled by Justice Isaac Dipeolu. Critics argue that continued police protection for Gambari contradicts the recent directive by the Federal Government mandating the withdrawal of police escorts from private citizens and VIPs, except under approved circumstances.
Questions have also been raised about the legality of the police presence at the Nestoil Tower property, which Drawcok Estates Ltd claims to have owned since 2012 based on documentation reportedly filed with the Lagos State Land Registry.
Observers note that it previously took several days for the police to comply with an order vacating Gambari’s earlier appointment, raising further concerns about adherence to judicial directives.
As at the time of filing this report, the Lagos State Police Command had not issued an official response to the allegations or provided clarification regarding the deployment of officers to the disputed premises.
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