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Controversy Trails Appointment of New IST Chairman Amid Conflicting Presidential Approvals

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By Samson Adewale

On the 13th of August 2025. Mr. President approved the recommendations of the Minister of State Finance for the re appointment of Mr. Amos Isaac Azi, as the chairman of and IST, and Gbenga Ganiyu Oyekanmi, member for the 2nd and final term of 5 and 4 years respectively, as well as the appointment of 10 other new members of the Tribunal in accordance with the extant provisions the ISA 2025.

Letters conveying Mr. president’s approval was appropriately issued by the Permanent Secretary/accounting officer of the federal ministry of finance on the 21st of August 2025. The Tribunal was thus fully constituted and commenced its statutory functions.

Subsequently, on the 30th of September 2025, the news media reported via a statement issued by the director of press in the SGF’s office alleging that the same Mr President had appointed one Aminu Jinadu as the new chairman of the IST.

The questions that beg for answers are: on whose recommendation did the President approve the appointment of the said Jinadu, did Jinadu’s appointment meet the requirements of the provisions of the ISA 2025, between MoF and the SGF who has the statutory rights to recommend to the President the persons eligible to be appointed as chairman and members of the IST?.

A casual look at the appointment letter of Jinadu as obtained from the social media shows his appointment was dated 24th of September and allegedly in accordance with 315 and 319of the “Investment and Security Tribunal Act 2025”. Is there such a law and agency in the country?

A quick check shows that there’s no such an Act. why would the SGF issue an appointment based on a non existant Act and agency?. Why would the SGF issue an appointment letter relying on a nonexistent Act?. And even if otherwise, why would SGF issue such an appointment when the chairman’s office isn’t vacant?.

By the extant provisions of the ISA 2025, it’s the Minister of Finance that has the statutory powers to recommend for both the appointment and removal of the IST chairman.

The action of the SGF tends to give credit to the story that appointments are sold to the highest bidders by people in authority and close to the Mr. President. The action also shows that some people are deliberately putting the credibility of the government in question.

It also shows that the good intentions of Mr. President president is being sabotaged by people occupying otherwise strategic positions in the government. It portrays gross incompetence, lack of capacity, and corruption in the system. A casual look at the profile of Aminu Jinadu shows that he doesn’t even have the statutory minimum 15 years post call to the bar experience in capital market law and practice to even be considered for such a technical and specific knowledge based appointment. Certainly, the SGF and his irks are causing serious reputational damage to the government. Mr Jinadu, on the 2nd of October 2025, in a commodore style, went to Tribunal’s premises with heavily armed security personnel in an attempt to forcefully take over.

The security personnel that he came with, harassed the staff and scuttled the court proceedings for that day.

The incompetent and corrupt Chief Registrar (CR) not only gave him access of the Tribunal premises, he also quickly organised a meeting with the Directorate staff of the Tribunal, where all questions about genuiness and integrity of Jinadu’s appointment were not answered, and instead he offered to staff present the of 5m.

How much he offered to the CR can rightly be guessed. Since Jinadu offered 5m to staff, how much did he offer to the SGF and his urchins to facilitate the issuance of the appointment and also go to press?.

Adewale, writes from Abuja

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SANKARA NIGERIA LIMITED PARTNERS LOVOL TO EMPOWER AFRICAN YOUTHS THROUGH MECHANIZATION TRAINING IN KADUNA

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In a bold step toward tackling youth unemployment and advancing agricultural mechanization in Nigeria and across Africa, Sankara Nigeria Limited, in partnership with LOVOL, has successfully launched an intensive training programme aimed at equipping young people with modern mechanical and technical skills.
The initiative, which focuses on contemporary mechanized systems and agricultural equipment maintenance, is designed to build a new generation of skilled technicians capable of driving Africa’s agricultural transformation. The programme provides hands-on training in modern mechanical practices, particularly in the operation, servicing, and maintenance of advanced farming machinery.
Speaking on the development, Dr. Nafiu Danladi Sankara described the opportunity as both impactful and timely, noting that the programme represents a strategic investment in human capital development. According to him, the collaboration between Sankara Nigeria Limited and LOVOL underscores a shared commitment to empowering African youths with practical knowledge that fosters self-reliance and reduces dependence on white-collar employment.
He emphasized that the training is not limited to Nigeria alone but extends across Africa, reflecting a broader vision to create a continent-wide network of competent technicians who can support the growing demand for mechanized farming solutions.
“This initiative is about more than training; it is about creating opportunities, restoring dignity to labour, and building a future where young people can stand on their own through acquired skills,” he stated.
The technical workshop, which drew participants from different parts of the region, was held in Kaduna State, specifically in Zaria, at Unguwa Kaya Junction, New Jos Road, KM 2.
Participants in the programme expressed appreciation for the quality of training and the exposure to modern equipment, noting that such initiatives are critical in bridging the skills gap in the agricultural and mechanical sectors.
The programme also received warm support from the host community in Zaria, located in the historic Zazzau Emirate, where participants were welcomed with remarkable hospitality. Organizers and trainees alike commended the people of Zaria for their generosity and encouraging reception, which contributed to the overall success of the exercise.
As Nigeria continues to seek sustainable solutions to unemployment and food security challenges, initiatives like this stand as a testament to the role of private sector collaboration in national development. By equipping young people with relevant, market-driven skills, Sankara Nigeria Limited and LOVOL are not only transforming lives but also laying a solid foundation for economic growth and agricultural modernization across the continent.

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NNPCL Must Account for N210trn by April 29 – Senate

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…Orders Ojulari-led management to produce Kyari, others before committee

From Taiye Hassan
The Senate, on Wednesday, through its Committee on Public Accounts, fixed April 29, 2026, as the deadline for the management of the Nigerian National Petroleum Company Limited (NNPCL) to appear before it and account for the alleged N210 trillion flagged in audit reports covering 2017 to 2023.
The committee directed the Group Chief Executive Officer (GCEO) of NNPCL, Engineer Bayo Ojulari, to appear alongside the immediate past GCEO, Mele Kyari; former Chief Financial Officer, Umar Ajia; Dr. Bala Wunti; and the company’s external auditors on the scheduled date without fail.
The resolution followed a motion moved by Senator Osita Izunaso (Imo West) and seconded by Senator Adams Oshiomhole (Edo North).
Chairman of the committee, Senator Aliyu Wadada (Nasarawa West), stressed that the N210 trillion in question, as contained in the audit reports, must be fully accounted for by the company’s management, particularly the immediate past leadership led by Kyari.
According to him, the responses so far provided by NNPCL to the 19 audit queries were unsatisfactory, noting that Nigerians deserve clear, detailed, and transparent explanations.
“This committee, and by extension the Senate, is not satisfied with the blanket explanation given by NNPCL on the N103 trillion it claimed represents liabilities. Liabilities comprise components such as retention fees, legal fees, and audit fees, and the specific amounts spent on each must be clearly stated and justified,” he said.
Wadada also demanded a detailed breakdown of the N107 trillion which the company claimed was expended on Joint Venture (JV) cash calls, as well as funds allegedly owed by some defunct banks whose identities were not disclosed.
“Consequently, it is hereby resolved that NNPCL is given an additional two weeks to appear before this committee unfailingly. The deadline for compliance is Wednesday, April 29, 2026,” he added.
Earlier, a member of the committee, Senator Abdul Ningi (Bauchi Central), called for the invocation of the National Assembly’s powers to compel the appearance of NNPCL management, citing repeated failures to honour invitations.
“We must treat this matter with the utmost seriousness. The essence of democracy rests significantly on the strength and authority of the legislature. Unfortunately, in recent times, there appears to be a growing reluctance by individuals to honour invitations from the National Assembly, leaving members feeling helpless in compelling appearances before committees,” he said.

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APC Group To Kwara Political Actors: Shun Violence, Hate Speech

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Stephen Olufemi Oni, Ilorin

A frontline political group in the All Progressives Congress (APC) in Kwara State have charged political actors across the 16 local government areas of the State to shun violence, rancour and hate speech before, during and after the 2027 general elections.

The APC group, under the aegis of the Asa Progressive Movement (APM), has, therefore, sued for peaceful, issue-based campaigns, devoid of acrimony and name-calling, ahead of the elections.

The Movement made this call in Afon, headquarters of the Asa local government at the endorsement programme of President Bola Ahmed Tinubu for second term, as well as the governorship ambition of former Kwara State APC Chairman, Hon. Bashir Omolaja Bolarinwa.

In a communique signed by the APM Coordinator and the Secretary, Engineer Daud Oladipupo Babatunde and Comrade Yusuf Mutiu Akorede respectively, the Movement said: “We are committed to a peaceful, issue-based campaign and we, therefore, urge all political actors to shun violence, hate speech, and any conduct capable of heating up the polity.

“We call on all well-meaning sons and daughters of Kwara State, regardless of party affiliation, to join this movement for the restoration and advancement of our dear State.

“The 2027 election is about the future of our children and we must rise above petty sentiments.

“We pass a vote of confidence in Hon. Bashir Omolaja Bolarinwa and in the leadership of our great party, the APC, for presenting to the people a competent, credible, and compassionate candidate.

“All structures of the Movement, from the State to the polling unit levels, are hereby directed to commence immediate and intensive mobilisation for the reelection of President Bola Ahmed Tinubu and the candidature of Hon. Bashir Omolaja Bolarinwa. Every member is now an ambassador of these two projects.”

The communique reads further: “Our decision is predicated on Hon. Bolarinwa’s proven track record of service as former Councillor, former Council Chairman, former member of the Federal House of Representatives, former State Chairman of the party, who led the party to 100 percent victory in the 2019 elections, and former Board Chairman of the NBC; his desire to tackle the lingering problems of insecurity, youth unemployment, and agricultural revival; and his integrity, accessibility, and capacity to unite the diverse peoples of the State.

“The APM unanimously endorses Tinubu for second term and Bolarinwa as our preferred candidate for the office of Governor in the 2027 general elections under the platform of the All Progressives Congress (APC).”

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