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EXPOSED: How BUA Shortchanges FG Billions In Sugar Imports

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BUA’s performance in the BIP already rated as poor and unacceptable by the National Sugar Development Council after the initial 4 years of BIP implementation continues to dip by the day, but its import quota on the other hand is rising, as the company appears more focused on importing raw sugar for its refinery which has been expanded recently.

In 2020 BUA got a 360,000mt presidential quota allocation, out of which it utilized 313,700mt and has now applied for 600,000mt import quota for 2021, without a complementary investment in backward integration, which is a pre-condition for enjoying increased import quota under the concessionary tariff.

At the end of the First Phase of the NSMP (2013-2016), BUA reportedly raked in N66.5billion profit from accrued tariff concessions and ploughed back only N9.3billion out of that into the BIP, a far cry from other investors who channelled a minimum of 50% back into the BIP.

Despite a 2017 radical review of the entire BIP strategy as well as the entire reward and sanction regime of the National Sugar Master Plan, which has placed emphasis on cultivation, jobs creation and local manufacture as a pre-requisite for quota allocation, BUA is yet to produce sugar locally like other stakeholders in the industry.

Cumulative Satellite monitoring data obtained from an anonymous source in the NSDC shows gross discrepancies between the self-reported performance figures (amount of land cultivated for sugar cane) by BUA’s Lafiagi Sugar Mill with what is actually on the ground verified by the satellite imagery.

BUA claims to have developed 6,500ha of land by May 2020 with 2,220 ha cultivated with sugar cane, however satellite images show that since 2016 only 473ha were developed and cultivated, despite enjoying billions in concessionary rights Nigerians are yet to see or have a taste of BUA sugar. A sugar factory without sugar cane represents a smoking gun for the Federal Government to investigate.

  • Sugar Council suspension Letter

A 2015 dated letter from the NSDC shows that BUA was slammed a suspension from enjoying the privileges of tariff concessions for failing to follow the examples of productive backward integration programs under the Nigeria Sugar Master Plan. Where other stakeholders were in re-investing profits from the tariff concessions into local sugar factories, BUA sugar rather was investing in the building of a new import-driven refinery in Port-Harcourt in flagrant disregard of the suspension of further sugar refinery development in the country.

What the country clearly needed at that time according to NSDC was an investment in sugarcane to sugar production to move the country out of its dependence on sugar imports, save foreign exchange and create jobs for Nigerians.

In another letter BUA was also denied an additional quota for raw sugar imports to service the new Port-Harcourt refinery by the NSDC, citing the need to protect the policy that was put in place to halt import dependency while stimulating investments, such as would harness the nation’s natural endowments for production of sugar from sugarcane.

The council also chided BUA for failing to demonstrate the level of commitment expected of him to justify the incentive being enjoyed from the federal government.

How the suspension after 2015 was lifted is still shrouded in mystery, as there has been no demonstrable commitment from BUA to drive the BIP, aside from projections and future dates of production, while it currently continues to enjoy tariff concessions on imports and has requested a quota increase from 313,700mt in 2020 to 600,000mt in 2021.

  • Sugar Council Statement On BUA Port Harcourt Sugar Refinery

Given the gravity of infractions from BUA and seemingly no penalty from regulators, would-be investors would be right to assume that there is no level playing ground in the BIP initiative.

The policy still has room to accommodate more private sector players that can ultimately turn the table from importation of raw sugar to local production, to self-sufficiency and net exporter of sugar if the government can show that it is carrying out its regulatory oversight function without fear or favour.

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Impeachment Saga : Rivers Chief Judge Acknowledges Assembly’s Submissions Against Fubara

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….Gov throws jibe, describes impeachment notice as ‘love letter’

Vows to avoid actions capable of breaching peace
The office of the Rivers State Chief Judge, Justice Simeon Amadi, has received the letter from the State House of Assembly requesting him to constitute a seven-man committee to probe the allegations of gross misconduct leveled against the state Governor, Sir Siminalayi Fubara and his Deputy, Prof. Ngozi Odu.

The House of Assembly Committee Chairman on Petitions, Information and Complaints, Dr Enemi George, confirmed that the Chief Judge had acknowledged receipt of all the documents.

Also received by the CJ’s office were other documents detailing the allegations of gross misconduct against the governor and the deputy governor, copies of the Rivers State Impeachment Panel (Conduct of Investigations) Procedure 2025 and photocopies of The Nation, The Guardian and The Sun, among others.

George said: “It is important to inform the good people of Rivers State that Mr. Speaker has already complied with the Constitution and letters sent by him to the Chief Judge have been received and acknowledged.

“All relevant documents including the Notices of Allegations of Gross Misconduct were attached”.

He added: “Every step going forward, what can happen or what cannot happen is clearly stated in Section 188 of the Constitution.

“The good people of Rivers State should remain calm and should not listen to those who want to truncate our democracy.”

He commended and thanked the good people of Rivers State for their support and prayers for the 10th Assembly in particular and Rivers people at large.

The Rivers State High Court sitting in Oyigbo Local Government Area has however issued an interim injunction restraining the CJ from receiving, forwarding, considering or acting on any request, resolution, articles of impeachment or any form of communication from Speaker Martin Amaewhule and other members of the State House of Assembly for the purpose of constituting a panel to investigate the alleged misconduct against the governor and his deputy.

They just landed me a ‘love letter’, says Fubara

Governor Fubara, in a veiled reference to the impeachment notice, called it a love letter.

“This 2026 that I thought would have been the finest, they just landed me a love letter,” he said while speaking as special guest during the finals of the 2026 Port Harcourt Polo Tournament in Port Harcourt, the Rivers State capital.

He added:”That notwithstanding, we must move on and carry on the responsibilities as a government. We will continue to support everyone who means well for Rivers State.”

He vowed that he would not support, directly or indirectly, any action capable of undermining peace and safety in the state.

He insisted that the protection of lives and property remained the primary responsibility of his administration.

He emphasised that he remained the governor of the state and would continue to deliver on the promises made to the people.

Fubara expressed satisfaction that the 2026 Port Harcourt Polo Tournament was held for one week without any incident.

He described the peaceful conduct of the event as a clear indication that Rivers is safe for residents, visitors and investors.

A supporter of the governor, Amb.Chijioke Ihunwo, asked the assembly members to perform their functions independently.

He pleaded with President Tinubu to intervene on the matter, insisting that the governor had done nothing to warrant his removal.

He said: “This assembly must remain independent to allow peace to prevail in the state.

“Governor Fubara has done nothing to warrant his removal. President Tinubu should intervene in this matter as the leader of the party.”

The high powered committee set up by the Pan Niger Delta Forum (PANDEF) to reconcile the feuding sides in the Rivers imbroglio is said to be working round the clock to stop the planned impeachment.

The committee members have already met with Federal Capital Territory (FCT) Minister Nyesom Wike in Abuja and separately with Fubara and some other stakeholders.

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Alleged Arms Discovery: Malami Faces DSS Probe as EFCC Denies Victimisation

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Economic and Financial Crimes Commission (EFCC) chairman Ola Olukoyede has faulted the persecution claim by the immediate-past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN).

He described it as unfortunate that some Nigerians were buying into the narrative when Malami’s probe started before his appointment.

Malami is standing trial alongside some family members on 16 counts of money laundering involving about N8.7 billion.

Speaking on a national television yesterday, Olukoyede dismissed Malami’s claim of vendetta against him, saying the commission has not wavered in investigating and prosecuting those suspected to have been involved in corruption cases.

“There’s nothing like that. The particular case predated my appointment. And, I didn’t give a nod to initiate proceedings until I found that we have a water-tight investigation,” he said.

The EFCC boss denied being indicted by Justice Ayo Salami’s panel.

Olukoyede said: “I challenge those making such claims of indictment against me by Justice Ayo Salami Panel to publish the report.

“Let me tell Nigerians that the commission’s investigation panel cleared me of any wrongdoing. The presidency at the time also cleared me. Also, the law enforcement agencies handed me a clean bill.

“I can say clearly that there’s no report anywhere that I’ve been involved in any fraudulent dealings, whether as the commission’s chief of staff, secretary, and now, the chairman of the commission.”

Noting that the commission, under his watch, made notable achievements last year, he said: “Our big win in 2025 was our ability to review and revive old cases that Nigerians thought were dead.

“Some of the cases affect past governors and ministers, and many such cases are in courts.

“We were able to recover assets. Nigerians are aware of the Lokogoma assets. One major recovery was a university.”

The EFCC recovered Nok University in Kachia, Kaduna, after a court ordered its final forfeiture because it was built with stolen public funds by a former civil servant.

It was converted to the Federal University of Applied Sciences,
Immediate-Past Attorney-General of the Federation and Minister of Justice, Mallam Abubakar Malami (SAN), is facing a fresh investigation over the arms and ammunition found in his house.

Newsthumb learnt that the arms were uncovered at his Kebbi country home by the operatives of the Economic and Financial Crimes Commission (EFCC) during a search.

The anti-graft agency, it was further learnt, handed them over to the Department of State Service (DSS) for a comprehensive probe because it is not within its remit to do so.

The number of arms and ammunition could not be immediately ascertained, but it was gathered that they are high in number to attract a full DSS investigation.

Malami, who was granted bail last week along with his sons – Abdulaziz, Abiru-Rahman, and others – is still in the Kuje correctional centre, having been unable to perfect his bail conditions.

But, sources said he might be taking things slowly to stall the DSS investigation into the weapons found in his house.

“The former minister is being separately investigated for allegedly having arms in his house in Birnin Kebbi. The inventory of the shock find has been handed over to the DSS.

“It is now left to Malami to explain to the DSS how he came about the arms. That’s why he is yet to perfect his bail conditions. He is holed up in prison to avoid arrest by the DSS.

“DSS operatives are within the precincts of Kuje Correctional Service to invite Malami. He got wind of their presence and raised the alarm. But the law must take its course.”

Another source within the EFCC said Malami had yet to meet his bail conditions.

“By our records, the ex-AGF is still in custody. We saw all manners of fake clips on social media on his purported arrival and rousing reception in Kebbi State,” the source said.

The source added: “The investigation into Malami’s activities during his tenure began when former EFCC Acting Chairman Ibrahim Magu was in office.

“Investigation continued through the administration of another Acting Chairman, Ibrahim Chukkol, to the present Executive Chairman. Chukkol, who works in the agency, was in charge briefly before Olukoyede’s appointment.

“There is nothing vindictive about his investigation since 2019. It is an inherited case, and the ex-AGF knows this.”

Olukoyede confirmed that he inherited the Malami case during an interview last night on a national television.

A Federal High Court in Abuja last week ordered the interim forfeiture of 57 assets linked to Malami and his two sons.

The assets have been valued at N213, 234,120,000.

The court has, however, given Malami and the sons or any other claimant a 14-day leave to show proof that the assets were legally acquired.

Failure to present legitimate claims within 14 days may lead to the permanent loss of the assets to the Federal Government.

The court’s order was based on the invocation of the Non-Conviction Asset Forfeiture Clause in the EFCC Establishment Act.

The EFCC had applied to the Federal High Court to seize the suspicious properties in Abuja, Kano, Kaduna, and Birnin-Kebbi.

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₦213 Billion Worth of Properties Seized from Malami in Money Laundering Probe: Full List of 57 Luxury Homes and Hotels

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Presiding Judge, Justice Emeka Nwite, granted the order on Tuesday, January 6, 2026, following an ex-parte motion filed by EFCC counsel, Ekele Iheanacho (SAN).
A Federal High Court in Abuja has ordered the interim forfeiture of 57 properties linked to former Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), and two of his sons, Abdulaziz and Abiru-Rahman Malami.

Presiding Judge, Justice Emeka Nwite, granted the order on Tuesday, January 6, 2026, following an ex-parte motion filed by EFCC counsel, Ekele Iheanacho (SAN).

The assets, valued at ₦213.2 billion, include multi-billion naira landed properties spread across Abuja, Kebbi, Kano, and Kaduna States. The court ruled that the assets are suspected to be proceeds of unlawful activity.

The 57 properties are as follows:

1. Luxury Duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased in December 2022 at N500, 000, 000.00 (value after enhancement at N5,950,000,000).

2. Two Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11,Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased Dec. 2018 at N7,000,000,000.

3. Plot 683, Jabi District, Cadastral Zone B04, Comprising of a five storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in Sept. 2020 at carcass level at N850,000,000 with additional N300,000,000 to take possession (value after completion N8,400,000,000).

4. Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, Comprising Terraces, purchased in January 2021 at N360,000,000.

5. Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Limited, Maitama With 15 ROOMS), which was purchased in February 2018 at N430,000,000 (current value after rehabilitation is N12,950,000,000).

6. Plot No. 1241B, Asokoro District Zone (No. 11A Yakubu Gowon Crescent) AsokoroDistrict, which was purchased in July 2021 at N325,000,000.

7. Shop No. C82 Citiscape — Shariff Plaza, Plot 739 Cadastral Zone A07, Aminu Kano Crescent, Wuse Il, FCT, Abuja, which was purchased in March 2024 at N120,000,000.

8. No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, which was purchased in December 2022 at N300,000,000.

9. Plot 157, Lamido Crescent, Nasarawa, GRA, Kano, purchased in July 2019 with no specific amount stated.

10. A Plaza, Commercial Toilets, Laundering, Warehouse Tanks Adjacent to Birnin Kebbi Market at N100 million.

11. 100 Hectares of l;and Along Birnin Kebbi, Jega Road, which was purchased in 2020 at N100,000,000.

12. Four Bedroom Bungalow Gesse Phase, Birnin Kebbi, which was purchased in 2023 at N101,000, 000.

13. Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, which was purchased in July 2023 at N158,000,000.

14. No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000.

15. No. 27, Efab Estates Avenue, 5th Avenue, 59th Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.

16. Four Bedroom/ 2 Rooms Boys Quarters at No. 10B, Doka Crescent Abakpa GRA, Kaduna, purchased in January 2018 at N40, 000, 000.00.

17. Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 at N85,000,000.

18. A Bedroom Duplex & Boys Quarters at No. 12 Yalinga Street, Off Adetokunbo Ademola Crescent, Wuse Il, Abuja, purchased in Oct. 2018 at N150,000,000.

19. Two Warehouse Shops B40 And B46, Wuse Market, Abuja, purchased in July 2020 at N50,000,000.

20. Twin Houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 14014, Gudu District, Abuja, was purchased between February and May 2017 at N250,000,000.

Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage namely.

21, 22, and 23. Nine units of three bedroom, bungalow, three units of two bedroom bungalow, and 5.4 hectares of land, which were purchased between February 2023 and September 2023 at N187,000,000, among other assets listed in the schedule.

RAYHAAN UNIVERSITY, KEBBI STATE

24. Rayhaan University Permanent Site -N56,000,000,000.00

25. Rayhaan University Temporary Site -N37,800,000,000.00

26. Rayhaan University Third Site – N2,450,000,000.00

27. Rayhaan University Vice Chancellor – N490,000,000.0

RAYHAAN AGRO ALLIED FACTORY IN KEBBI STATE

28. Factory Buildings -N4,200,000,000.00

29. Factory Machines and Plants Units -N10,500,000,000.00

30. Factory Mosque – N2,450,000,000.00

31. Rayhaan Mill Staff Quarters –

N1,487,500,000.00

32. Rayhaan Bustan Building –

N3,150,000,000.00

AZBIR ARENA KEBBI STATE

33. Azbir Hotel – N10,325,000,000.00

34. Printing Press – N1,050,000,000.00

35. Gallery –

N581,000,000.00

36. Gardens –

N392,000,000.00

37. Mosque -N252,000,000.00

38. Azbir Clothing –

N350,000,000.00

39. Azbir Pharmacy and Supermarket – N175,000,000.00

OTHER PROPERTIES HELD IN KEBBI STAT

40. Al-Afiya Energy Tanker Garage opposite Rayhaan University Health Centre, along Sani Abacha Bypass Road, Birnin-Kebbi – N2,450,000,000.00

41. Rayhaan Model Academy -N11,200,000,000.0

42. Rayhaan Primary and Secondary School –

N8,750,000,000.00

43. Rayhaan Security House, off Sani Abacha Bypass, Birnin Kebbi –

N245,700,000.00

44. Rayhaan Radio along Sani Abacha, Bypass Road, Birnin, Kebbi – N245,700,000.00

45. Uncompleted 2 Storey Complex Plaza located opposite Central Motor Park, (Eastern Park) Birnin Kebbi – N78,750,000.00

46. Amasdul Oil and Gas Ltd filling station Structure along Sani Abacha Bypass, Road, Birnin Kebbi near Jambali Automobile Workshop, Birnin Kebbi – N665,000,000.00

47. Malami Support Organization Building –

N210,000,000.00

48. ADC Kadi Malami Foundation Building – N56,000,000.00

49. Abubakar Malami SAN’s House GRA – N350,000,000.00

50. Abubakar Malami SAN’s House Behind Mobil – N490,000,000.00

51. Abdulaziz Malami (First Son’s House) at Gesse Phase II in Birnin Kebbi – N1,659,000,000.00

52. Abiru-Rahman Abubakar Malami (Second Son’s House) at Gesse Phase II in Birnin-Kebbi – N2,989,000,000.00

PROPERTIES IN KANO

53. Assets of Zeennoor Hotel at Kabuga Satellite Town, off Gwarzo Road, Kano with 131 rooms –

N11,200,000,000.00

54. Zeennoor Mosque at Kabuga, Satellite Town, off Gwarzo Road, Kano – N84,000,000.00

55. Zeennor Old Hotel Building -N280,000,000.00

56. Rayhaan Hotel, Kano Located at Plot 27/28 Opp-Aminu kano Teaching Hospital, Southern Kano (Land And Luxurious Building of more than 50 rooms, with appurtenances- N2,240,000,000.00

57. Rayhaan Gym, Kano House Comprising of a Storey Building Opposite Rayhaan Hotel – N1,225,000,000.00

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