Economy
LCNG: FG Unveils First Liquefied-To-CNG Hub In Adamawa
LCNG: FG Unveils First Liquefied-To-CNG Hub In Adamawa
LCNG: FG unveils first liquefied-to-CNG hub in Adamawa. Ekperikpe Ekpo, minister of state for petroleum resources (gas), has launched the first-ever liquefied to compressed natural gas (LCNG) hub in Nigeria’s north-east.
Ekpo flagged off the hub on Tuesday in Yola, Adamawa state, according to a statement on Tuesday by Louis Mbah, his spokesperson.
The LCNG is a facility that converts liquefied natural gas (LNG) into compressed natural gas (CNG) for distribution and use, particularly in transportation.
The minister, speaking at the event, described Greenville LNG’s project as a powerful testament to the potential of public-private collaboration in advancing the federal government’s ‘Decade of Gas’ agenda.
“The strategic location of this facility in the North-East also carries deep significance. For far too long, this region has faced infrastructural challenges that have limited its full economic potential,” Ekpo said.
“This facility in Yola marks a significant turning point. It is a beacon of hope and opportunity, not only for Adamawa State but for the entire region.
“It demonstrates that the benefits of Nigeria’s vast natural gas resources can and must reach every corner of our country.”
The minister said President Bola Tinubu has prioritised leveraging Nigeria’s gas resources to drive economic transformation, industrialisation, and social progress.
Ekpo said the LCNG model is a perfect example of such innovation.
“It creates an integrated solution for powering vehicles and industrial equipment with both LNG and CNG, offering cleaner, cheaper alternatives to diesel and petrol,” he said.
“This transformative project highlights the Federal Government’s unrelenting efforts to drive economic growth through gas adoption, building on the immense promise of natural gas as a cornerstone for national energy security.
“By leveraging advanced technology and innovative models like this LCNG facility, we are setting a new benchmark for energy accessibility and sustainability.
“This LCNG facility is not only delivering energy but also delivering hope, creating jobs, enabling businesses, and fostering peace through inclusive development.”
Ekpo urged other investors and gas developers to support the LCNG project, emphasising the vast opportunities yet to be explored and the numerous underserved communities in need.
On his part, Ahmadu Fintiri, Adamawa state governor, represented by his deputy, Kaletapwa Farauta, commended the federal government for facilitating the investment.

LCNG
He said the investment aligns with the vision of the state government for cleaner and affordable energy sources.
“We will need more of the federal government’s intervention, and we will do our best to ensure that the project succeeds,” he said.
Also speaking, Eddy Van Ben Broeke, chairman of Greenville, said the company is committing over $1 billion in investments in the country.
He added that similar projects will be replicated in other states, calling on the federal and state governments for support to bring them to fruition.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
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
“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.
Crime
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
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
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
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
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.

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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