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$600m Industrial Park: Akwa Ibom Welcomes S’Korean Investor And President Of Kumbit Global Limited

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Following the signed Joint Venture Agreement with a South Korean company, Kumbit Global Limited, to establish an industrial park in Nung Ikot Obiodo, Oruk Anam local government area of the state which is estimated to cost $600million, the President of Kumbit Global Limited, Mr. Ji Jung Hyun, has arrived Nigeria to begin the implementation of the agreement.

The Group Managing Director of the company, Engr. John Anietie, noted that the president is visiting to pursue the payment of compensation to property owners, clearing of the site and laying of foundation for the industrial park project.

Engr. Anietie, who commended Governor Udom Emmanuel for the great strides he has made in industrialising the state, reiterated that the park will come with 23 gigantic industries producing 300 product including building materials, automobiles, beverages and other household items.

He added that about 70 to 80 percent of raw materials shall be sourced within the country, Nigeria, while about 30 percent shall be sourced from neighbouring African countries.

It will be recalled that Chairman, of Akwa Ibom Investment Corporation (AKICORP) Dr. Elijah Akpan,  signed the agreement on behalf of the state government, while the Group Managing Director, Kumbit Global Limited, Engr. Anietie John, signed on behalf of the company.

During the joint venture signing ceremony, Akpan sated that the project has real estate integrated into its design to create affordable housing in the state, adding that on completion, the park will create about 1000 direct jobs with a value chain benefit of over secondary employment for 10,000 people.

Engr. Anietie, noted that former President, Chief Olusegun Obasanjo has expressed interest in the project. Obasanjo, during a visit by Anietie promised to be part of the project and will possibly replicate the industrial park in Ogun State.

“The industrial park needs the support of all. It has been a long journey and God has kept us for this purpose. This park coming to the state will employ over 200,000 Nigerians. The park will attract third party industries,” the GMD noted.

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Eid-el-Fitr: Araraume Salutes Muslims, Applauds Tinubu’s Leadership

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Senator Ifeanyi Araraume, a prominent chieftain of the All Progressives Congress (APC), has extended warm felicitations to Muslims in Nigeria and across the globe on the joyous occasion of Eid-el-Fitr.

In a statement to mark the end of Ramadan, Araraume highlighted the significance of the month long period of spiritual reflection, fasting, and devotion. “As Muslims gather with loved ones to share in the festivities, I join in the cheer, wishing everyone a blessed and peaceful Eid,” he said.

The Senator expressed profound appreciation to Muslim Nigerians for their contributions to the nation’s growth, describing their faith, resilience, and patriotism as beacons of hope. “Your unwavering commitment to Nigeria’s progress is truly commendable,” he stated.

As the country navigates its current challenges, Araraume called for unity, understanding, and collective effort. “Let us embrace the spirit of Eid, forgiveness, generosity, and kindness, to build a brighter future for ourselves and generations to come,” he urged.

Araraume also extended solidarity to President Bola Tinubu, a distinguished Muslim and the leader of APC, praising his visionary leadership and dedication to nation building. “President Tinubu’s commitment to serving Nigeria has been exemplary, and we assure him of our continued support,” he said.

Reaffirming the APC’s commitment to national prosperity, Araraume emphasized that the values of compassion, unity, and progress embodied by Eid align deeply with the party’s ethos. “As we mark this occasion, we reaffirm our dedication to creating a Nigeria where faith and ethnic background are not barriers to success,” he concluded.

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BREAKING: Tinubu, Starmer Meet as £746m Port Investment Deal Set for Signing

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President Bola Tinubu is currently meeting with United Kingdom Prime Minister Keir Starmer in a high-level bilateral engagement aimed at strengthening ties between Nigeria and Britain.

A statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Monday, said the meeting will culminate in the signing of various Memoranda of Understanding and agreements, including those on trade, investment, defence, and cultural cooperation.

The statement said the meeting reinforces Nigeria’s commitment to deepening bilateral relations, attracting foreign investment, and modernising key infrastructure to support economic growth.

It added that a major highlight of the visit was the signing of a £746 million financing agreement between UK Export Finance, the Nigerian Ports Authority, and the Federal Ministry of Finance.

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The statement said the deal will fund the refurbishment of two key maritime infrastructures — the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex.

The President and the First Lady had earlier been the guests of their Majesties King Charles III and Queen Camilla at Windsor Castle.

Tinubu was accompanied by a high-profile delegation, including Senate President Godswill Akpabio; Attorney General and Minister of Justice, Prince Lateef Fagbemi; Minister of Solid Minerals, Dele Alake; Minister of Information and National Orientation, Idris Mohammed; and Minister of State for Foreign Affairs, Ambassador Bianca Ojukwu.

Other members of the delegation include Minister of Finance and Coordinating Minister of the Economy, Wale Edun; Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; Minister of Culture and Creative Economy, Hannatu Musawa; Minister of Communications and Digital Economy, Bosun Tijani; Minister of Defence, Gen. Christopher Musa; National Security Adviser, Malam Nuhu Ribadu; and Director-General of the National Intelligence Agency, Mohammed Mohammed.

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Breaking: Senegal Lose AFCON Crown as CAF Declares Morocco Winners

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Morocco have been officially crowned champions of the 2025 Africa Cup of Nations after the CAF Appeal Board overturned the result of the final against Senegal. The decision comes after extraordinary scenes in Rabat where the Lions of Teranga walked off the pitch in protest, leading to a retrospective 3-0 forfeit victory for the host nation.

In a detailed statement, the CAF Appeal Board confirmed that the appeal lodged by the FRMF was “declared admissible in form and the appeal is upheld.” This landmark ruling effectively strips Senegal of what would have been their second continental crown, rewarding the hosts for a match that descended into chaos during extra time.

The roots of the controversy lie in a heated moment deep into stoppage time when Morocco’s Brahim Diaz went down in the box. While the referee initially waved play away, a VAR review resulted in a spot-kick for the hosts. This sparked a furious reaction from the Senegalese bench, with head coach Pape Thiaw instructing his players to return to the dressing room in a protest that lasted several minutes.

The CAF Appeal Board found that “the conduct of the Senegal team falls within the scope of Articles 82 and 84 of the Regulations of the Africa Cup of Nations.” By leaving the field of play, Senegal was deemed to have infringed on the regulations, leading to the administrative 3-0 defeat. The ruling sets aside the previous CAF Disciplinary Board decision and confirms that the protest lodged by Morocco has been fully upheld

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