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KAM Holding GMD rues reversal of 43 banned items by Tinubu’s govt
* Describes action as policy summersault
Stephen Olufemi Oni, Ilorin
The Group Managing Director (GMD) of KAM Holding Ltd and Vice President of the Manufacturers Association of Nigeria (MAN), Dr. Kamoru Yusuf, has decried the Federal Government’s reversal of the 43 items banned by the administration of former President Muhammadu Buhari, describing the decision as a policy summersault, which should be promptly reversed in the interest of the nation’s economy.
Dr. Yusuf, who gave the condemnation in Ilorin, the Kwara state capital, while fielding questions from journalists, said the effect of the reversal and removal of ban on the 43 items would cause serious setbacks in the production sector.
The GMD recalled that the ban policy was initiated in 2015 by the administration of former Present Muhammadu Buhari to encourage the non-oil sector and manufacturers to increase the GDP and to create jobs which drive many investors to inject energy into backward integration.
The MAN Vice President, who is also the Chairman, Basic Metal, Iron and Steel and Fabricated Metal Products Sector, lamented that the federal government’s action would impact negatively on virtually all the critical facets of human endeavours such as unemployment, youth restiveness, wrong declaration at the ports, importation and flooding Nigerian markets with substandard products and the proliferation of arms and ammunition in the country.
He said: “Most financial institutions are really confused, and this policy if not quickly reversed, may lead to the distress of some banks, while massive loss of jobs is equally looming.”
He called for the immediate review of the policy surrounding the free trade zone in Nigeria, saying that apart from the fact that it has been seriously abused, it has added little or no value to the nation’s economy in generating the much needed foreign exchange.
“Government needs to investigate and harvest the comprehensive list of the companies that registered under the free trade zone, inclusive of the value of their investments.
It is observed that 60 percent of the goods coming into the country from Asia continent are finished products which can be valued at around USD800 million of which some of them are substandard. As a result, the Nigeria Customs Service is losing about 300 billion naira which was supposed to be generated through Duty Revenues every month as some of the products were imported under the guise of the free trade zone.
“More over, the law governing the Free Trade Zone prevents the Federal Inland Revenue (FIRS) from generating taxes on all the goods brought in through the Free Trade Zones.
“It is worthy to note that these goods will be sold in naira and the importers want to repatriate the money back to their country in dollars and they have no other source of getting the money than to go to the black market window because the goods were brought into the country dishonestly. Therefore, they can afford to buy the dollar at any rate because they already have export rebates from their country for the finished goods exported to Nigeria,” Dr. Yusuf lamented.
To stop these shoddy acts, the GMD admonished President Tinubu to mandate the Minister of Trade and Investment to appoint an agency to look into the statistics and number of companies registered under the free trade zone, conduct audit into what they are doing and what they intend to do, adding that data can be obtained from the Nigeria Customs Service for the values of goods coming into the country through the free trade zone.
He added: “All the importers claiming to be manufacturers/investors in the free trade zone are the biggest scammers in Nigeria, causing problem in the FX black market as they are bringing the products of their parent companies into Nigeria under the guise of free trade zone without any payment of Taxes and duties, while all the goods end up being sold within the Nigeria Customs’ territories.
“President Tinubu should order the Nigeria Customs Service, which has a robust platform, to submit the list of importers who have been bringing goods into the country in the name of free trade zone and their respective value(s) since 2018-till date in order to justify the amount they have repatriated out of Nigeria in the name of Free Trade Zone without any payment of duty or taxes to Nigerian government. Even those expatriates that produce in the Free Trade Zone using our local mineral resources are not bringing dollars, nor are they paying appropriate taxes to the Nigerian government.
Instead, what they are doing is repatriating dollars out of the country.”
On Ajaokuta Steel Rolling Mill, the GMD cautioned against placing the great national asset in the hands of foreigners, saying there are capable Nigerians who can make Ajaokuta Steel to run in full capacity in the same way it was done with cement production.
He said: “There will be no reason for the government to be worried about bringing Ajaokuta back to life. We have the resources as a nation and we also have expertise who can make it work. We don’t need foreign investors to do it. Ajaokuta can be back again to produce automobile cars and other associated raw materials for downstream industries.”
News
‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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