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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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VP Shettima Vows Overwhelming Force Against Terrorists After Borno Attack

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By Yusuf Danjuma Yunusa

Vice President Kashim Shettima has vowed that the Federal Government will end insurgency in the North-East with “decisive and overwhelming force”.

This followed recent attacks in Borno State that resulted in casualties among security personnel and civilians.

Shettima, in a statement on Saturday by his Senior Special Assistant on Media and Communications, Stanley Nkwocha, declared that the government will not be intimidated by the attacks, which included abductions in Ngoshe and coordinated assaults on military formations.

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“We remain one nation, tied to a common destiny. The sanctity of human life is non-negotiable.

“This madness will be brought to an end, not with empty words, but with the decisive and overwhelming force of the Nigerian State,” the Vice President stated.

He disclosed that the government is deploying additional tactical assets and intelligence-driven reinforcements to affected areas in response to the attacks.

“The events of the past few days are a painful reminder of the shadow that persists, but let it be known: we choose light over shadow, and hope over despair.

“Our difference as a nation is the distance between the ruin of anarchy and the promise of order,” Shettima said.

The Vice President revealed that President Bola Tinubu had been briefed on the attacks and directed swift and total mobilisation of the security architecture.

“The Federal Government will not tolerate any sanctuary for those who seek to displace our people or occupy an inch of Nigerian soil,” he stated.

The recent attacks targeted military formations in Konduga, Marte, Jakana, and Mainok, with insurgents briefly overrunning some positions before reinforcements arrived. In Ngoshe, residents were abducted by the terrorists.

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Presidency Claims Insecurity Is Not Getting Worse As Terrorists Abduct Hundreds of Nigerians

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By Yusuf Danjuma Yunusa

Daniel Bwala, Special Adviser to President Bola Ahmed Tinubu on Policy Communication, has said insecurity in Nigeria is not worsening.

Nigeria has in recent times witnessed renewed terrorist activities, including the abduction of school children in Niger, Kebbi States, attacks on mosques and churches, and other violent incidents that have affected communities across the country.

On Wednesday, suspected Boko Haram/ISWAP terrorists abducted more than 100 women and children in an attack on Ngoshe community in Gwoza Local Government Area of Borno State.

The terrorists also killed the chief imam of the town, some community elders and soldiers during the assault which occurred shortly after Muslims broke their fast on the ill-fated day.

Speaking on Al-Jazeera’s Head to Head with Mehdi Hassan at Conway Hall in London, Bwala said the Nigerian government was doing its best to contain the situation.

He noted that for the first two years of the President’s administration, Nigeria experienced substantial peace.

“I acknowledge the fact that we have insecurity in Nigeria, and until the hoax narrative of the ‘Christians genocide,’ we began to see back-to-back attacks in the country. For the first two years of the present administration, we experienced substantial peace in Nigeria.

“There is no country in the world today that is completely free from insecurity. There are parts of London where you cannot go in the evening.”

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On renewed terrorist attacks in some parts of the country, Bwala stated that Nigeria was cooperating with different countries to stem the tide of insecurity affecting it.

“That is one of the reasons the President travelled to Turkey, where we reached a bilateral agreement to deal with insecurity. That is also why we are cooperating with the United States of America and other countries of the world. The reason is that, since 9/11, terrorism has been a global phenomenon, and every country is involved in it.

“I can’t say it is getting worse. As a government, we are working day and night to deal with the situation.

“I don’t agree to the fact that it (insecurity) is getting worse.” he insisted.

Bwala accused Western media of portraying Nigeria and Africa negatively. Using a glass of water to illustrate his point, the presidential aide said while the western media would see it as half empty, Nigerians would view it as half full.

“Before the President took office, we knew the situation in Nigeria. When he decided to take bold steps to place the country on a better trajectory, we were well aware of the fact that it was going to incense lots of people.”

He highlighted government efforts to confront terrorism, including, according to him, the arrest of Boko Haram and Lakurawa leaders six months before the US President Donald Trump’s statement on insecurity and redesignation of Nigeria as a country of particular concern.

“Six months before that, we arrested leaders of Boko Haram and Lakurawa, and prior to that, we eliminated a number of terrorists. The US State Department commended Nigeria for that. The US Embassy recognised these efforts even before Trump’s statement.

“We declared national emergency on insecurity six months before Donald Trump’s statement. That was around April or May 2025.”

Answering questions around rising spate of kidnappings in the country, Bwala, however, admitted that the situation has become a crime economy.

“I acknowledge that insecurity related to kidnappings has become a crisis economy, but much more than that, I know of our government’s efforts in dealing with that insecurity.

“If one understands Nigeria’s geography and the nature of insecurity, one will understand that we are confronting a complex, hydra-headed problem.

“Regarding the kidnapping of children, the government has implemented the Safe Schools Initiative, relocating students from remote, insecure areas to state capitals so they can access the education they need safely.” he added.

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Labour Party Returns to Its Roots: A Chance for Reform and Grassroots Mobilization

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After months of legal and political contest, the Labour Party appears to be returning to the control of its founding base Nigeria’s organized labour movement and grassroots supporters. Party insiders told reporters that the shift marks “a re‑alignment with the original vision of the Labour Party as a workers’ platform.”

The Labour Party was originally established with strong backing from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) of Nigeria. According to labour historians, the party was designed to provide workers, professionals, and ordinary citizens with a political platform that represents their interests.

However, analysts note that the party’s recent surge in popularity attracted many political actors, creating internal struggles over leadership and direction. The dispute eventually reached the Supreme Court of Nigeria, which on 5 April 2025 ruled that political parties must operate according to their constitutions and internal democratic principles. Legal experts described the judgment as “a landmark decision reinforcing party discipline.”

Labour leaders say the ruling represents an opportunity to rebuild the party around its original ideology of social justice and people‑centered governance. Speaking in Kano, Comrade Abbas Ibrahim, Assistant Secretary of the NLC Kano Council, emphasized that “this is a chance to restore the Labour Party’s founding mission as the political voice of Nigeria’s working people.”

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Stakeholders argue that to prevent future hijack, the party must strengthen internal democracy, ensure transparent primaries, and create institutional roles for labour organizations in its decision‑making structures. According to party officials, clear membership verification and strong disciplinary measures will also be necessary to discourage opportunistic infiltration.

Beyond internal reforms, Labour Party leaders believe the real task is rebuilding grassroots structures across the country. In a statement, senior officials explained that mobilizing trade unions, youth groups, professionals, and community networks will be key to transforming the party into a strong mass movement.

Political observers caution that the coming months will determine whether the party can consolidate its base and maintain its identity as a genuine workers’ platform. One analyst noted that “the Labour Party’s survival depends on whether it can balance its grassroots appeal with the pressures of national politics.”

For many supporters, the moment represents more than a leadership victory. As Comrade Ibrahim put it, “At last, the Labour Party has returned to its roots, underscoring the need for persistent reform, visibility, and mobilization to guard against political hijack. A stitch in time saves nine.

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