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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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Impeachment Notice: Kano Assembly Advises Deputy Governor, Comr. Abdulsalam, to Vacate Office

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By Salisu Baso

The Kano State House of Assembly has advised the State Deputy Governor, Comrade Aminu Abdulsalam Gwarzo, to honourably resign from office or face impeachment.

The House Leader, Hon. Lawan Hussaini Dala, revealed this to journalists shortly after the plenary session headed by the Speaker, Rt. Hon. Jubril Ismail Falgore, today (Thursday).

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He said the decision of the members followed allegations against the Deputy Governor of financial misappropriation and embezzlement uncovered by the legislature.

Hon. Dala added that the members have considered Section 188 of the Constitution of the Federal Republic of Nigeria, which empowers the House to impeach the Governor or his Deputy if they violate the law or engage in misconduct.

 

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At 89, Obasanjo Reflects: “Leadership’s Burden and Blessing Are Often the Same

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By Yusuf Danjuma Yunusa

Former President Olusegun Obasanjo marked his 89th birthday not with quiet celebration, but with a characteristically frank discourse on the nature of power, using his own dramatic life story—from military commander to imprisoned dissident to democratically elected president—as the central case study.

Delivering a keynote address at an international colloquium in Abeokuta, the Ogun State capital, Obasanjo described leadership as a double-edged sword: a profound burden that is also a deep privilege. The event, titled “Burden and Blessing of Leadership: Reflections from Global Africa to the World,” saw the elder statesman argue that the quality of a nation’s leaders is the primary determinant of its fate.

Obasanjo opened with a stark personal testament, recalling his imprisonment by the late military ruler Sani Abacha. He framed the experience not just as personal suffering, but as evidence of a core principle.

“My imprisonment proves the price of a principled stand,” he told the audience. “Leadership without principle is mere management. True leadership demands that you say no when yes would be more convenient — and that comes at a cost.”

He argued that many who seek power are seduced by its perks, underestimating the immense personal sacrifices required. Drawing on his experience commanding the Third Marine Commando Division during the Nigerian Civil War, he painted a vivid picture of leadership’s isolating core.

“There is the loneliness of the final decision,” Obasanjo explained. “When all the briefings have been received and all arguments made, you alone must decide. That weight does not distribute itself.” He recalled the final days of the war in January 1970, when he chose restraint to protect civilians. “No textbook told me what to do. The decision was mine alone,” he stated, underscoring the immense moral weight that leaders must carry.

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Despite the hardships—including more than three years in detention—Obasanjo insisted he would choose the same path again. He spoke of the profound fulfilment found in service, describing Nigeria’s first peaceful transition from military to civilian rule in 1979, when he handed over power to Shehu Shagari, as one of the most rewarding moments of his career.

“There is the blessing of having been given the opportunity to matter—to serve at the hinge of history,” he reflected. “It was the relief of having been tested and not found wanting. The greatest burden a man can carry is his country on his shoulders. The greatest blessing he can also receive is that country’s gratitude. At 89, I now understand that the burden and the blessing are often the same.”

Shifting his focus from the personal to the continental, Obasanjo offered a sharp diagnosis of Africa’s struggles, arguing that the root cause is not a lack of resources but a failure of governance.

“Africa is richly endowed—with mineral wealth, vast arable land and the world’s youngest population. By every measure, we should be prosperous and stable,” he noted. “Instead, too much of our continent remains trapped in preventable suffering.”

He placed the blame squarely on poor leadership, weak institutions, and systemic corruption, warning of the fragility inherent in personality-driven governance. “When a country’s trajectory depends solely on the character of one person, that country is permanently fragile,” he cautioned.

Looking forward, Obasanjo called for a fundamental rethinking of the continent’s political and economic models. He urged leaders to adapt democratic systems to local realities without sacrificing the core principles of accountability, transparency, and inclusiveness.

He advocated for a massive investment in leadership development and institutional strengthening, emphasizing that sustainable progress requires systems that outlast any single individual. He also identified the global African diaspora as a critical, underutilized asset and urged governments to create conditions that encourage their engagement and investment.

On the economic front, Obasanjo pointed to the African Continental Free Trade Area (AfCFTA) as a transformative opportunity that, if fully implemented, could reshape the continent’s global standing.

He concluded with a message of hope and a charge to the next generation, framing leadership as the key to unlocking the continent’s vast potential.

“Africa is not a problem to be managed,” Obasanjo declared. “Africa is a promise to be fulfilled — and leadership is how that promise gets kept.”

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Walida Was 16, Not 20’ — Father Fires Back at Women Minister, Demands Justice

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A fresh controversy has emerged in the ongoing case of Walida Abdulhadi, the young woman whose alleged abduction by a Department of State Services (DSS) operative, Ifeanyi Onyewuenyi, has sparked national outrage, as conflicting accounts of her age continue to dominate public discourse.

Walida’s father, Malam Abdulhadi, has strongly rejected a claim by the Minister of Women Affairs, Hajiya Imaan Sulaiman-Ibrahim, that his daughter was about 20 years old at the time of the alleged abduction. He described the minister’s statement as “baseless hearsay,” insisting that family records clearly show that Walida was a minor when she was taken.

Malam Abdulhadi questioned how a government official who is not a member of the family could determine the birth date of his daughter.

“The minister was not the one who gave birth to her,” he said. “I married her mother in 2007, and I can tell you that she was abducted when she was 16 years old. She only recently turned 18.”

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He further dismissed references to what he described as a “strange indigene certificate” allegedly used to support claims about Walida’s age, arguing that the timeline of his marriage and family history provides a clearer basis for verification.

“Is the minister in a position to tell me the age of my daughter when she does not know when I got married to her mother?” he asked. “She should come out publicly and say what she said was not true. It is simply propaganda.”

Adding weight to the family’s position, Walida’s maternal uncle, Malam Yunusa Kani, also challenged the minister’s statement, insisting that the family’s records contradict the official narrative.

According to him, Walida’s mother was married in Anku in 2007 and gave birth to Walida the following year.

“We were witnesses to the marriage ceremony in 2007,” Kani said. “After about a year, the family was blessed with Walida’s birth in 2008. That is the fact. We do not know where the minister got her information.”

He urged the government to handle the matter with fairness and sensitivity, noting that the family had already endured significant emotional distress since the alleged abduction.

“She must remember that public officials will be held accountable for what they say. We plead with the government to take pity on us and ensure justice is done,” he added.

Walida’s younger sister, Fatima Abdulhadi, also spoke during the programme, offering further details about the family timeline.

“I am 14 years old, and my brother who was born after Walida is 16 years old,” she said. “Walida was abducted two years ago.”

Source: Veteran Journalist and a PR Guru Yushau Shuaibu

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