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Economy

European Union To Strengthen Existing Partnerships With Nigeria

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European Union

European Union To Strengthen Existing Partnerships With Nigeria

European Union to strengthen existing partnerships with Nigeria. According to him, his priorities include fostering structured economic relations, as well as promoting trade and investment.

Gautier Mignot, the European Union (EU)  Ambassador to Nigeria, has expressed commitment to strengthen existing partnerships and contract new ones with the Nigerian government.

Mr Mignot, who recently assumed his role as EU Ambassador to Nigeria, made the commitment during a media parley on Monday in Abuja.

He shared his vision on how to enhance the existing and new EU-Nigeria partnerships.

He described Nigeria as a key player in Africa and the world, and emphasised the EU’s commitment to being a reliable partner for the nation.

According to him, his priorities include fostering structured economic relations, as well as promoting trade and investment.

He said that the  EU would also  focus on sectors like the green economy, digital technology, agri-food, and healthcare.

He also said that  there were plans to address the specific needs of Northern Nigeria, enhance peace, security collaboration, and create opportunities in education and research.

He added that the EU also aimed to address migration challenges , issues such as human trafficking, migrant reintegration, and legal migration pathways that align with the interests of both parties.

“There will be a consultation on global and regional issues as the EU is already a main supporter of ECOWAS on all issues.

“We want to partner more closely with the Nigerian authorities, at Federal and local levels, and listen to their expectations, strategies and needs,” he said.
He identified two aspects of EU’s mission  in Nigeria.

“We are  giving  more visibility to what  the EU has   already achieved in Nigeria and with Nigeria,  and also  endorsing new initiatives and projects in order to explore the potential of these  partnerships.

“We have a global and strong partnership between both countries, and it is based on  shared values, human rights and rule of law, democracy, and international law.

“These are  based on common interest, and we are very transparent on the  interest of  Nigeria and the EU in these partnerships,” he said.

He said that there were  new initiatives and projects to be strengthened, adding that the EU will want a better structure in trade and investment partnerships, direct foreign investment and  economic relations.

“We want  to achieve these partnerships through better  structures in economic relations and dialogue to  address  and   remove the issues that  hamper more European  investments in Nigeria and Europe trading.

European Union

European Union

“Currently, there is no  agreement and no dialogue framework between  the Nigerian government on trade and economic issues,” he said.

He  said that the EU also wanted to focus on creating more jobs, especially for young people in Nigeria.
Mr Mignot, therefore reiterated the EU’s dedication to Nigeria’s growth and stability.

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Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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