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Alleged N1.38bn Fraud: Court Remands Jude Okoye in Ikoyi Prison

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An Ikoyi Federal High Court sitting in Lagos has remanded Jude Okoye, older brother and ex-manager of Paul and Peter Okoye of the defunct P-Square music group, in Ikoyi Correctional Centre following his arraignment by the Economic and Financial Crimes Commission (EFCC).

He was arraigned on Wednesday before Justice A.O. Owoeye.

As contained in a statement issued on the Commission’s official X handle on Thursday, Jude was arraigned alongside his company, Northside Music Ltd, on a seven-count charge bordering on money laundering to the tune of N1.38billion, $1million and £34,537.59.

One of the charges reads: “That you, Jude Okoye Chigozie and Northside Music Ltd sometimes in 2022, in Lagos, within the jurisdiction of this Honourable Court, did directly acquire a landed property known as No 5, Tony Eromosele Street,Parkview Estate, Ikoyi, Lagos worth N850,000,000.00 (Eight hundred and fifty million naira) only, which money you knew or reasonably ought to have known forms part of proceeds of unlawful act and thereby committed an offence contrary to Section 18 (2) (d) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Another charge reads: “That you, Jude Okoye Chigozie and Northside Music Ltd sometimes in 2022, in Lagos, within the jurisdiction of this Honourable Court, did indirectly using bureau de change, converted the sum of $1,019,762.87 (One million nineteen thousand, seven hundred and six-two dollars eighty seven cents), domiciled in Access Bank Plc operated by Northside Music Ltd to the Naira equivalent and remitted into various bank accounts with intention of concealing that the said fund formed part of the proceeds of an unlawful act and thereby committed an offence contrary to Section 18 (2)(a) and punishable under Section 18 (3) of the Money Laundering (Prevention and Prohibition) Act, 2022.”

Jude, however, pleaded “not guilty” to the charges after they were read to him.

The prosecution counsel, L.P. Aso, applied for a trial date and for Okoye to be remanded in a correctional facility.

Reacting, the defence counsel, Inibehe Effiong informed the court of Okoye’s bail application and prayed for a short date of adjournment to enable its hearing.

He also prayed that the defendant be rather remanded in the EFCC custody pending the hearing of the bail application.

Objecting to the prayer for the defendant to be remanded in EFCC’s custody, the prosecution counsel argued that the Commission’s holding facility was already congested with suspects awaiting arraignment and that the court should remand the defendant in the correctional facility since he has taken his plea.

After hearing from both counsels, Justice Owoeye adjourned the matter till February 28, 2025 for the hearing of the bail application and April 14, 2025 for trial.

Providus Bank appoints Mahmud Tukur as Non-Executive Director 

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Providus Bank is pleased to announce the appointment of Mr. Mahmud Tukur as a Non-Executive Director. His appointment was ratified at the Bank’s Annual General Meeting, held at the Radisson Blu Anchorage Hotel, Victoria Island, Lagos

 

Mr. Mahmud Tukur, who is the Founder and GCEO of Ashgrove Group, is an Award-Winning Global Business Leader, with three decades of experience across the energy, maritime, infrastructure and technology sectors.

 

We are delighted to welcome Mr. Mahmud Tukur to our Board. His extensive experience and multifaceted skillsets including corporate governance, risk management, strategy and performance management will be invaluable as we strengthen our strategic direction and drive sustained growth.

 

His leadership acumen and deep industry insights align with our vision for future forward banking.

 

Mr. Tukur became the Youngest CEO of a Publicly Listed Company in Nigeria at age 37 when he was appointed to lead Eterna Plc, an indigenous downstream oil company listed on the Nigerian Stock Exchange (NGX). He spearheaded a remarkable transformation of the company’s fortunes twice, earning him recognition as one of the top 25 CEOs of publicly listed companies in Nigeria as well as the prestigious Downstream CEO of the Year award.

 

He holds a Joint Honours degree in Accounting & Management from the Business School of the University of Wales College, Cardiff. He is a member of the Chartered Institute of Directors (CIoD), a member of the Society for Corporate Governance Nigeria (SCGN) a Fellow of the Chartered Institute of Shipping (Nigeria), and a member of several chambers of commerce. He is also a recipient of a National Honour, Officer of the Order of the Mono (OOM), from the Republic of Togo.

 

Mahmud joins the distinguished nine-member Providus Bank Board chaired by Alhaji Hussaini Dikko. Other esteemed members include Maurice Onokwai, Chuka Eseka, Funmi Agusto, Bernadine Okeke, and Dr. Belinda Bobby Diei as Non-Executive Directors.

 

The Executive Directors of the Bank are Walter Akpani (Managing Director/CEO), Kingsley Aigbokhaevbo (Deputy Managing Director) and Deoye Ojuroye (Executive Director).

 

With this strategic appointment, Providus Bank reinforces its commitment to excellence in governance, innovation, and sustainable growth.

 

Court orders final forfeiture of Emefiele’s $4.7m, N830m, property

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Justice Yellim Bogoro of the Federal High Court in Lagos on Friday ordered the final forfeiture of $4.7m, N830m, and multiple properties linked to the former governor of the Central Bank of Nigeria Godwin Emefiele.

 

The judge who had earlier dismissed an application brought by an interested party seeking to stop the judgment, from being delivered granted the final forfeiture application filed by the Economic and Financial Crimes Commission’s counsel Bilkisu Buhari-Bala.

 

The funds, forfeited to the federal government, were held in First Bank, Titan Bank, and Zenith Bank accounts managed by individuals and entities including Omoile Anita Joy, Deep Blue Energy Service Limited, Exactquote Bureau De Change Ltd, Lipam Investment Services Limited, Tatler Services Limited, Rosajul Global Resources Ltd, and TIL Communication Nigeria Ltd.

 

While the properties affected by the interim forfeiture include 94 units of an 11-floor building under construction at 2 Otunba Elegushi 2nd Avenue, Ikoyi, Lagos; AM Plaza, 11-floor office space on Otunba Adedoyin Crescent, Lekki Peninsula Scheme 1, Lagos; Imore Industrial Park 1 on Esa Street, Imoore Land, Amuwo Odofin LGA, Lagos; Mitrewood and Tatler Warehouse (Furniture Plant at Bogije) near Elemoro, Owolomi Village, Ibeju-Lekki LGA, Lagos; and two properties purchased from Chevron Nigeria, located in Lakes Estate, Lekki, Lagos.

 

Others are a plot at Lekki Foreshore Estate Scheme, Foreshore Estate, Eti-Osa, LGA; an estate at 100 Cottonwood Coppel Texas Drive, Coppel, Texas, owned by Lipam Investment Services; land at 1 Bunmi Owulude Street, Lekki Phase 1, Lagos; and a property at 8 Bayo Kuku Road, Ikoyi, Lagos.

 

Justice Bogoro in his judgement held that all these properties and funds are proceeds of unlawful activities which are bound to be forfeited to the Federal Government of Nigeria.

 

The judge held: “I find that the activities of the respondents here were unlawful. Why should they have a problem of dollars immediately after Godwin Emefiele left CBN as a governor of the Bank and salary could not be made?

Abacha-led forces annulled June 12 without his authority – Ibrahim Babangida 

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Three decades after the annulment of the June 12, 1993 presidential election, Ibrahim Babangida, the retired army general and former military president, has finally told his side of the story.

 

In his revealing memoir, ‘A Journey in Service’, launched in Abuja on Thursday and seen by TheCable, Babangida said he was in Katsina when the annulment of the election, won by MKO Abiola of the Social Democratic Party (SDP), was announced by the press secretary of his second-in-command without his knowledge or permission.

 

He said he later discovered that the forces against the June 12 election were led by Sani Abacha, his chief of defence staff who later became military head of state.

 

In the wake of the crisis, Babangida had stepped down as president in August 1993 and installed an interim government, led by Ernest Shonekan, which Abacha would remove from power in November 1993.

 

Abacha later clamped Abiola into detention for declaring himself president.

 

Babangida, who did a national broadcast on June 24, 1993 to officially announce the annulment of the election, said Abacha had become a major force in a “factionalised” military and it was difficult to remove him when he stepped down from power.

 

‘IKPEME WORKED IN MY AGF’S CHAMBER’

 

The journey to the June 12 annulment began two days before D-Day when a judge granted an injunction stopping the electoral commission from going ahead with the election.

 

A group known as the Association to Better Nigeria (ABN), led by Arthur Nzeribe, had filed the lawsuit.

 

Babangida admitted in the memoir, published by Bookcraft Ltd., that Nzeribe was close to him, but denied supporting the activities of ABN.

 

“From out of nowhere, on June 10, two days before the presidential election, the same shadowy group, ABN, which had been campaigning for an extension of military rule, approached the Abuja High Court of Justice Bassey Ikpeme for an injunction to stop NEC (National Electoral Commission) from conducting the elections,” he said in his memoir.

 

“Unknown to me at the time, Justice Ikpeme, who was relatively young at the Bench, had worked in the chambers of the Attorney-General and Minister of Justice, Clement Akpamgbo. Strangely, Justice Ikpeme, in the dead of night, in clear violation of Decree 13, which barred any court from interfering with INEC’s conduct or scheduling of the elections, granted the ABN an injunction stopping NEC from conducting the June 12 elections. There was confusion everywhere.”

 

He said he quickly convened an emergency meeting of the National Defence and Security Council (NDSC), the country’s highest governing body, to discuss the way forward.

 

“On Friday, June 11, as the NDSC meeting was going on, I learned that a Lagos High Court had ruled that NEC should go ahead with the elections. The NDSC meeting on Friday, June 11, only hours before the scheduled elections, was one of the stormiest meetings I ever conducted as President. Strangely, the Attorney General and Justice Minister, Akpamgbo, who was the nation’s chief law officer and who ought to know that the Justice Ikpeme court order violated an extant law (and was tacitly supported, it turned out by some of my topmost military officers), advised that the elections be postponed in compliance with the Abuja court order. Professor (Humphrey) Nwosu (NEC chairman) insisted, to the dismay of my top military colleagues, that he had enough powers under the law to proceed with the elections.

 

“The arguments went on for hours in a tense atmosphere, peopled by some who wanted the elections postponed, among them the Chief of Defence Staff, General Sani Abacha, Lt-General Joshua Dogonyaro and a few Service Chiefs. But I had my views bottled inside me! Even before Professor Nwosu presented his compelling argument, I decided that the elections should proceed, backed firmly by the Chief of Army Staff, Lt-General Salihu Ibrahim.”

 

‘ABACHA LED THE ANTI-JUNE 12 FORCES’

 

Babangida said he looked across the room and said to Nwosu: “Go ahead with the elections. Go to your office, hold a world press conference and tell everyone the elections will be held tomorrow as planned.”

 

He said on June 16, Nwosu suddenly stopped the announcement of the election results even though the voting was peaceful and orderly.

 

“And then, on June 16, without my knowledge or prior approval, NEC Chairman, Professor Nwosu, announced the suspension of the June 12 election results ‘until further notice’. I knew instantly that certain fifth columnists were at work and that there was a need for extra care! And even after that suspension of the announcements of results, ABN obtained another ‘strange’ court order from Justice Saleh’s court in Abuja, stopping the release of the results of the elections,” he wrote.

 

On June 23, Babangida left Abuja for Katsina to commiserate with the Yar’Adua family over the death of their patriarch, Musa Yar’Adua, former minister of Lagos affairs and father of Umaru, the late Nigerian president who died in office in 2007.

 

Babangida narrated: “The funeral had taken place, and as I got ready to leave, a report filtered to me that the June 12 elections had been annulled. Even more bizarre was the extent of the annulment because it terminated all court proceedings regarding the June 12 elections, repealed all the decrees governing the Transition and even suspended NEC! Equally weird was the shabby way the statement was couched and made. Admiral (Augustus) Aikhomu’s press secretary, Nduka Irabor, had read out a terse, poorly worded statement from a scrap of paper, which bore neither the presidential seal nor the official letterhead of the government, annulling the June 12 presidential elections. I was alarmed and horrified.

 

“Yes, during the stalemate that followed the termination of the results announcement, the possibility of annulment that could lead to fresh elections was loosely broached in passing. But annulment was only a component of a series of other options. But to suddenly have an announcement made without my authority was, to put it mildly, alarming. I remember saying: ‘These nefarious ‘inside’ forces opposed to the elections have outflanked me!’ I would later find out that the ‘forces’ led by General Sani Abacha annulled the elections. There and then, I knew I was caught between ‘a devil and the deep blue sea’!! From then on, the June 12 elections took on a painful twist for which, as I will show later, I regrettably take responsibility.”

Dangote N8bn’, ‘Rabiu N5bn’, Who Gave What At IBB’s Book Launch

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The crème-de-la-crème of the Nigerian society assembled at Transcorp Hilton Hotel, Abuja, on Thursday, for the launch of the autobiography of ex-Military President Ibrahim Badamasi Babangida (IBB).

 

Entitled, ” A Journey in Service,” President Bola Tinubu was the Special Guest of Honour at the event which was also the fundraising for the IBB Presidential Library Project.

 

While many donors chose not to publicly disclose their contribution to the project, Africa’s richest man, Alhaji Aliko Dangote, donated N8 billion, which is, to be paid at N2 billion annually over the four years allocated for the project’s completion.

 

He further pledged that if the project extended beyond this timeframe, he would continue to donate N2 billion annually until it was completed.

 

Other prominent Nigerians also pledged contributions to the construction of the library, with Alhaji Abdul Rabiu, the Chief Launcher and Founder of BUA Group, donating N5 billion.

 

Theophilus Danjuma, the co-Chief Launcher and Founder of the TY Danjuma Foundation, donated N3 billion.

Earlier in his speech, Dangote praised Babangida, “for implementing policies that liberated the private sector during his regime”.

 

He particularly highlighted the abolition of import licences, which helped stimulate domestic industries.

“These reforms, among others, ensured that Nigeria now has more private-sector involvement than any other country in Africa,” he said.

 

According to him, this shift, led to a contribution of 85 per cent of the country’s Gross Domestic Product from the private sector, while the government contributes just 15 per cent.

 

“Your Excellency, I would like to express my sincere gratitude for all you have done for Nigeria. Many may not realise that you were the architect of the private sector in Nigeria.

 

“Anyone in the private sector who has achieved prominence today owes it to you, as you provided us with the necessary licences. In the past, we used to struggle to obtain licences through intermediaries, including Indians,” he said.

Asake Releases Debut Single ‘ Why Love ’ Under New Label Giran Republic

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The 3-minute track was produced by renowned musical producer Magicsticks who is also known for his work on Young Jonn’s”Aquafina

 

Asake

LOS ANGELES, CALIFORNIA – FEBRUARY 04: Asake attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard/Getty Images for The Recording Academy/AFP (Photo by Neilson Barnard / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Nigerian Afrobeats superstar Asake has entered a new phase in his career with the release of the highly anticipated single, “Why Love,” under his new independent record label, “Giran Republic.”

 

There have been speculations that Asake has left YBNL since last year

 

However, no official statement has been made by the artiste or Olamide’s Record label over the parting or termination of contracts

 

“Why Love”, track, while upbeat, delves into themes of heartbreak, fame, and personal growth, showcasing his ability to blend emotional storytelling with infectious melodies.

 

The song captures the struggles of navigating relationships in the spotlight, while still retaining his signature vocal style—an effortless mix of Fuji and Afrobeat—shines through,

 

The 3-minute track was produced by renowned musical producer Magicsticks who is also known for tracks like DJ Neptune’s, Mr Eazi and Joeboy’s “Nobody”, Young Jonn’s”Aquafina” and Tiwa Savage’s Stamina”

 

As of Wednesday the video to the “Why Love‘ track has surpassed over 60,000 views on YouTube

 

Asake made his debut In September 2022, with the album Mr. Money which broke the record for the biggest opening day for an African album on Apple Music at the time.

 

The album also debuted at number 66 on the Billboard 200 charts and was recorded as the highest-charting Nigerian debut album in the history of the chart at the time.

 

His second album Work Of Art was released in June 2023 also debuted at number 66 on the Billboard 200

 

Asakes third album Lungu Boy (2024) became his third consecutive number-one album in Nigeria

 

It became the longest-running number one in the Nigerian charts

 

His accolades include an All Africa Music Award, Two Headies award, and a MOBO Award

Court freezes $225 million in assets linked to Arise TV owner Nduka Obaigbena

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The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

Media mogul Nduka Obaigbena

Media mogul Nduka Obaigbena

Segun Adeyemi

A Federal High Court has issued Mareva injunctions freezing assets and accounts linked to General Hydrocarbons Limited, its affiliates, and media mogul Nduka Obaigbena over an alleged $225.8 million debt.

The court’s decision follows a legal battle initiated by First Bank of Nigeria Ltd and FBNQuest Trustees Ltd, both subsidiaries of FBN Holdings Plc, seeking to recover outstanding loan facilities.

 

According to court documents obtained, the plaintiffs claim that General Hydrocarbons, an oil and gas company owned by Obaigbena, defaulted on the loan repayment as of September 30, 2024.

 

The company, which operates Oil Mining Lease (OML) 120, is now subject to severe financial restrictions.

 

Court Order and Financial Restrictions

A judge uses a gavel in a courtroom.Naruecha Jenthaisong/Getty Images

The Mareva injunctions restrain major commercial banks, including Guaranty Trust Bank, Access Bank, Zenith Bank, and First Bank, from releasing funds or facilitating transactions involving the defendants.

 

Digital platforms such as Paystack and Piggyvest were also directed to freeze accounts associated with the embattled company and its affiliates.

 

“An order of Mareva injunction restraining all commercial banks in Nigeria, including Guaranty Trust Bank Limited, Access Bank Plc, Citibank Nigeria Limited, Carbon Bank, Ecobank Nigeria Plc, Fidelity Bank Plc, First Bank of Nigeria Limited, First City Monument Bank Plc, Globus Bank, Heritage Bank Limited, Jaiz Bank, Keystone Bank Limited, Opay Digital Services Limited, PalmPay Limited, Paystack Payments Limited, Piggyvest, Momo Payment Service Bank Limited, Polaris Bank Limited, Providus Bank, Stanbic IBTC Bank Nigeria Limited, Standard Chartered Bank, Sterling Bank Plc, SunTrust Bank Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc, Unity Bank Plc, Wema Bank Plc, Zenith Bank Plc, and all other financial institutions operating in Nigeria, from releasing or dealing with any funds or assets due to the GHL up to the sum of $225,802,379.69,” the injunction states.

 

In addition, companies involved in oil block OML 120 operations were directed to submit production and revenue records. Proceeds were diverted to the plaintiffs’ account pending further hearings.

 

Allegations of fund diversion

A stock image shows a gavel, keyboard, and dollar notes.designer491/Getty Images

According to the court filings, the loans were initially secured with crude oil stocks, insurance policies, and receivables.

 

However, the plaintiffs allege that the funds were misused for personal expenditures, including luxury real estate acquisitions and private jet operations.

 

Sources familiar with the case disclosed that the financial institution sought court intervention to prevent the defendants from depleting assets before a final ruling.

 

The injunctions also extend to individual directors of General Hydrocarbons, barring them from selling or transferring personal assets within Nigeria.

 

Implications for the financial and media landscape

The legal action against General Hydrocarbons and Obaigbena could have broad implications for corporate governance and financial oversight in Nigeria.

 

The case underscores the growing scrutiny of corporate debt defaults and the increasing willingness of banks to pursue aggressive legal measures to recover funds.

 

Market analysts noted that the development immediately impacted FBN Holdings’ stock, which fell 1.27% to close at N31.05 on Thursday.

 

Investors are closely monitoring the proceedings, with concerns about potential ripple effects on the financial services and media industries.

 

What happens next?

Legal experts suggest that the court’s decision to impose a Mareva injunction indicates the severity of the allegations and the need to prevent asset dissipation.

 

The case is ongoing, and further hearings are expected to clarify whether the frozen assets will be liquidated to settle the outstanding debt.

 

Observers anticipate that the outcome could shape future legal approaches to corporate debt disputes in Nigeria.

 

If upheld, the court’s order may serve as a precedent for financial institutions seeking to secure claims against delinquent borrowers.

 

As the legal battle unfolds, stakeholders in Nigeria’s financial and energy sectors await the court’s final ruling, which could determine the fate of General Hydrocarbons and its influential owner, Nduka Obaigbena.

Sanwo-Olu, Lagos Political Leaders Hold Close-door Meeting

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Ex-speaker’s sack, planned reinstatement on the agenda

As the crisis rocking the polity in Lagos State continues unabated, Governor Babajide Sanwo-Olu, members of the State House of Assembly were summoned before Governance Advisory Council, the highest political organ in the to settle the rift.

 

At a meeting held at the Lagos House, Marina under closed doors, THISDAY gathered that embattled former Speaker, Hon Mudashiru Obasa was invited to the meeting, but it could not be confirmed if he attended.

 

Although, the agenda of the meeting was not made public, the development over Obasa’s removal and rumoured reinstatement is said to be part of the issues being addressed.

 

Since Obasa’s removal on January 13, by 32 members of the House, it had generated political tensions which sparked significant controversy in the Lagos State political landscape.

 

The Department of State Services (DSS) had on Thursday, January 30, 2025, waded over an alleged petition filed by Obasa concerning his removal as Speaker on January 13.

 

The DSS investigation followed Obasa’s alleged claims that his ousting was politically motivated and involved misconduct, abuse of office, and financial mismanagement.

 

Despite the lengthy questioning, all the detained lawmakers were released late Thursday evening, around 7 pm.

 

Obasa, who had been Speaker since 2015, was removed by a majority vote of the lawmakers on January 13, 2025, amid serious allegations of misconduct.

 

His removal came during a period when he was absent from Nigeria, having traveled to the United States.

 

Upon his return to Lagos, Obasa strongly rejected the corruption allegations leveled against him and criticized the process that led to his ouster.

 

He urged the lawmakers to follow the “right process” in addressing his removal, while maintaining that he had been unfairly targeted.

 

On Sunday 2nd, there was an online report that claimed President Bola Tinubu had ordered Obasa’s reinstatement which Hon Stephen Ogundipe had debunked.

 

 

LGAs financial autonomy faces fresh hurdle on CBN demand

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Local governments across Nigeria are facing a new challenge in their push to receive monthly allocations directly from the federation accounts, as they must now submit a two-year account audit to the Central Bank of Nigeria (CBN) before funds can be disbursed.

 

The direct revenue remittance, initially scheduled to begin in January, was postponed after many of the 774 local councils failed to provide the required account details. As a result, their N361.754 billion share from the total N1.424 trillion distributable revenue for the month was routed through the state governments.

 

The CBN has begun the process of opening accounts for local governments to facilitate direct payments, in line with the financial autonomy secured through a Supreme Court ruling in July 2024.

 

However, with the next allocation due in a few weeks, concerns are growing over the ability of councils to submit the mandated audit reports before the February meeting of the Federation Account Allocation Committee (FAAC).

 

Sources at the CBN confirmed that the bank would not proceed with account openings without a clear understanding of each local government’s financial position.

 

“We cannot just open fresh accounts for the LGAs when many of them have not operated as an independent government entity,” The Nation quoted a CBN source.

 

Meanwhile, an Inter-Ministerial Committee, led by George Akume, the secretary to the government of the federation (SGF), is working on a framework to enforce the Supreme Court’s ruling on local government autonomy.

 

A member of the committee disclosed that a template is being developed to empower the Accountant General of the Federation (AGF) to directly allocate funds for essential services, such as primary education and healthcare, and transfer them to the relevant agencies.

 

Nigerian-British Florence Eshalomi Appointed UK Trade Envoy To Nigeria

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A 44-year-old Nigerian-British politician, Florence Eshalomi has been appointed as the United Kingdom’s trade envoy to Nigeria.

Eshalomi who is now the second Nigerian to be appointed as the UK trade envoy after Helen Grant confirmed her appointment on X (formerly Twitter) on Tuesday.

“It is an honour to have been appointed as the United Kingdom’s Trade Envoy to Nigeria,” she wrote.

“I’m looking forward to building on my close ties with Nigeria to promote a strong and flourishing economic relationship between our two great nations.

“I am looking forward to building on the UK’s relationship with Nigeria, to help explore shared growth and opportunities for both countries,” Eshalomi said.

Confirming Eshalomi’s post in a statement on Tuesday, the UK’s Business and Trade Secretary, Jonathan Reynolds announced the appointment of 32 parliamentarians, stating that trade and investment are key to delivering economic growth.

“I’ve launched a new team of Trade envoys, who will use their experience, expertise and knowledge to unlock new markets around the world for British businesses, drumming up investment into the UK and ultimately driving economic growth,” Reynolds said.

Eshalomi was first elected as a member of parliament (MP) for Vauxhall in 2019, succeeding Kate Hoey.

She was re-elected in 2024 for the newly created Vauxhall and Camberwell Green constituency.

A member of the Labour and Cooperative parties, she previously represented Lambeth and Southwark as a London Assembly member (AM) from 2016 to 2021.

Before her new appointment, she focused on transport, housing, and equality issues as an MP and currently serves as chair of the housing, communities, and local government committee.