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Petitions to EFCC, SSS accuse Chinese expatriates of colluding with bank manager to steal N17 billion from two Nigerian ceramic companies

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Zenith Bank Plc and its Lokoja Branch Manager, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have conspired to defraud two Nigerian ceramic companies and their directors.

Messrs Salawu, Liu and Ma were accused of fraudulently obtaining about N17 billion in credits on behalf of BN Ceramic Industry Limited and NB Ceramic Limited, and Zhang Qide, a director and shareholder in the ceramic firms.

The loans, secretly obtained without the knowledge of the Nigerian companies, were disbursed to Liu between November 4, 2021, and August 31, 2023.

Documents also indicated that Mr Salawu, the Zenith Bank branch manager in Lokoja, received over N100,000,000 as kickbacks for ‘facilitating’ the N17bn loan dubiously obtained by Mr Liu and his accomplices.

Mr Liu, like Zhang Qide, holds positions as a shareholder and director at the ceramic firm, and Messrs Ma and Liu have family ties.

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The predicament of the Nigerian ceramic company and its director, Mr Qide, began with Mr Liu, without proper consultation or approval from the management, directors, and shareholders of BN Ceramic Ltd orchestrated, with the assistance of Messrs Ma and Salawu, the acquisition of a N3 billion loan from Zenith Bank, findings showed.

“Liu, in collaboration with Ma and Salawu, falsified Zhang Qide’s signature on the loan documents, including the offer of credit facility and the approving board resolution. Additionally, Mr Liu engaged in criminal conduct by falsely presenting himself as the managing director of both BN Ceramic Industry Limited and NB Ceramic Limited.

He proceeded to pledge/charge all fixed and floating assets of the BN Ceramic Industry Limited and NB Ceramics Limited, including its machinery and equipment, as collateral for the loan, without proper authorisation from the respective boards and shareholders of both companies.

Upon the approval and disbursement of the N3 billion loan into NB Ceramic Limited’s account, Liu paid N69,900,000 as kickbacks to Mr Salawu and also cleared the bank fees. Thereafter, without obtaining necessary consent or adhering to the company’s approved procedures, Mr Liu immediately transferred the remaining N2.68 billion balance to the companies he controlled. One of the companies, Wetech Industry Ltd got N300 million. The second company, Pure Biotech Company Limited, got N701 million, while the third company, CBC Oil & Gas Services Ltd, received N1.67 billion. After the accounts of the three companies were credited, Liu quickly laundered the funds into Chinese Yuan and transferred them to his personal account in China, all without informing or gaining approval from the board,” a staff of NB Ceramic Limited, who craved anonymity, said.

The staff further noted that “Mr Liu collaborated with a member of his criminal group to establish a shell company named Wetech Industry Limited. In this arrangement, Liu and Lu Hao, represented by Bello Musa as a front, held 45% and 55% of the shell company’s shares, respectively. “Custom Clearance and Inland Transportation for the Second Lot of AKK Project” with BRENTEX CPP Ltd.

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New Defense Minister GC Musa Takes Oath of Office

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By Yusuf Danjuma Yunusa

President Bola Tinubu has sworn in General Christopher Musa (retd.) as the new Minister of Defence.

Musa, a former Chief of Defence Staff, took the oath of office on Thursday at the State House, Abuja.

Nigerian Tracker News had reported that the Senate on Wednesday confirmed Musa as Minister of Defence following a rigorous five-hour screening.

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During the session, the former CDS was grilled over recent security lapses, including the controversial withdrawal of troops from Government Comprehensive Girls Secondary School, Maga, in Kebbi State, shortly before schoolgirls were abducted on November 17.

He told lawmakers he would “immediately set up a full-scale investigation” into the troop withdrawal once he assumes duty.

Musa also vowed to probe the killing of Brigade Commander Brig-Gen. Musa Uba in Borno State, along with other attacks on senior military officers.

Musa’s nomination followed the resignation of former Defence Minister, Mohammed Badaru, reportedly on health grounds.

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KANSIEC Appoints Adhoc Staff for Ward Bye-Elections

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Prof Sani Lawal Malumfashi KANSIEC Chairman

 

The Chairman of the Kano State Independent Electoral Commission (KANSIEC), Professor Sani Lawal Malumfashi, has issued appointment letters to adhoc staff for the upcoming ward bye-elections in three local government areas of the state.

During the presentation of the appointment letters, Professor Malumfashi urged the adhoc staff to justify the trust and confidence the commission has reposed in them.

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He expressed his confidence in their ability to discharge their duties based on their level of education, experience, and track record of honesty and dedication.

The adhoc positions include 3 Returning Officers, 3 Electoral Officers, and 3 Assistant Electoral Officers for Dala (Kofar Mazugal), Dogowa (Maraku), and Ghari (Matan Fata) wards.

In a statement signed by Bashir Habib Yahaya media aid to the executive chairman said the Chairman appreciated security agencies, politicians, and the general public for their support and cooperation. The bye-elections are scheduled to hold on December 13, 2025.

 

 

 

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One Kano Agenda Raises Alarm Over Rising Insecurity

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Civic platform One Kano Agenda has raised alarm over rising insecurity in Kano State, warning that abductions, attacks, and suspicious activities are threatening both residents and the wider Northern region. The group made the call during a press conference in Kano on Wednesday , stressing that the state’s reputation for peace and hospitality is under strain.

According to the group adressed by its Chairman Abbas Abdullahi Yakasai said credible reports have emerged of unidentified individuals operating commercial motorcycles across several communities, particularly in Kano North.

Many of these individuals reportedly do not speak fluent Hausa, fueling suspicion among locals. The organization commended the Kano State Government for swiftly banning motorcycles in the metropolis and praised Governor Abba Kabir Yusuf’s introduction of the Safe Corridor program, which has absorbed over 2,000 youths into community security and intelligence structures.

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According to Abbas initiative said for the first time in Kano’s history that insecurity is being tackled through both rehabilitation and enforcement. Previous administrations, it noted, relied largely on force and political alliances. Residents were urged to report suspicious activities, avoid direct confrontation, and remain vigilant.

Abbas Abdullahi Yakasai further called on Emirate Councils and traditional leaders to strengthen coordination with district and village heads to ensure swift information flow to security agencies. The group also urged community members to cooperate fully with police, vigilante units, and intelligence frameworks, while encouraging security agencies to intensify patrols and surveillance, especially in border and transport areas.

The organization expressed concern over what it described as “reckless politicization” of security challenges by certain media outlets and political actors. It accused some of exploiting the situation for personal gain, pointing to reports of police redeployment from flashpoints to cemeteries, leaving vulnerable communities exposed. “Such actions embolden criminal elements to see Kano as a safe haven,” the group warned.

On recent directives involving a former governor and a senator, One Kano Agenda stressed the importance of due process and professionalism. It urged security agencies to act transparently and in compliance with constitutional provisions, regardless of the individuals’ status.

In its closing remarks, the civic platform announced plans for a “Peace Walk” and “Prayer for Divine Intervention” to unite residents and foster solidarity. Abbas Abdullahi Yakasai said the initiative, it said, would appeal for divine protection over Kano and Northern Nigeria. The group urged stakeholders, especially media and political actors, to prioritize public safety over personal gain.

 

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