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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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Shettima Heads to Addis Ababa for 2026 AU Summit

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By Yusuf Danjuma Yunusa

Vice President Kashim Shettima has departed Abuja for Addis Ababa, Ethiopia, where he will represent President Bola Ahmed Tinubu at the 2026 African Union (AU) Summit.

According to a statement issued on Thursday by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications (Office of the Vice President), this year’s summit is themed: “Assuring Sustainable Water Availability and Safe Sanitation Systems to Achieve the Goals of Agenda 2063.”

The gathering will center on advancing continent-wide commitments to sustainable water resource management, improved sanitation infrastructure, and the broader developmental objectives outlined in the AU’s Agenda 2063 framework.

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During his stay in Addis Ababa, Vice President Shettima will participate in the 39th Ordinary Session of the Assembly of AU Heads of State and Government and the 30th General Assembly, scheduled for February 14 and 15, 2026, respectively.

On the sidelines of the main summit, Shettima is expected to engage in high-level side events and hold bilateral meetings with political leaders and business executives. These engagements are aimed at deepening Nigeria’s diplomatic ties, expanding economic cooperation, and reinforcing strategic partnerships across the continent.

The Vice President is accompanied by cabinet ministers and other senior government officials. He is scheduled to return to Nigeria upon the conclusion of his official engagements in Ethiopia.

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Hours After BBC Interview, El-Rufai Faces Alleged Arrest Move at Abuja Airport

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By Yusuf Danjuma Yunusa

Security operatives on Thursday allegedly attempted to arrest former Kaduna State Governor, Malam Nasir El-Rufai, upon his arrival at the Nnamdi Azikiwe International Airport, Abuja, from Cairo, Egypt.

The allegation was made by El-Rufai’s Media Adviser, Muyiwa Adekeye, in a post on his verified X (formerly Twitter) account shortly after the incident.

According to Adekeye, security agents approached the former governor as he disembarked from his flight and sought to take him into custody. He said El-Rufai declined to comply, insisting that he would not accompany the operatives without a formal invitation or warrant.

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“Security agents today attempted to arrest Malam Nasir El-Rufai as he arrived on a flight from Cairo. Malam El-Rufai declined to follow them without a formal invitation,” Adekeye wrote.

He further alleged that during the encounter, the operatives seized the former governor’s passport from one of his aides.

“They, however, snatched his passport from an aide,” the statement added.

As of press time, there was no official statement from the Nigeria Police Force, the Department of State Services (DSS), or any other security agency regarding the alleged incident.

The development comes a day after El-Rufai, in an interview with the BBC Hausa Service, suggested that he could face arrest upon returning to the country. He claimed that some of his former associates in Kaduna had already been detained.

“About four people we worked with in Kaduna have been arrested. So, it may only be a matter of time before they come for me as well,” he said.

The circumstances surrounding Thursday’s incident remain unclear, pending official confirmation from the relevant authorities.

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Presidential Villa to Go Off-Grid with Solar Power by March 2026

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By Yusuf Danjuma Yunusa

The Presidential Villa in Abuja is on track to sever its connection to the national electricity grid by March 2026, following the completion of a dedicated solar mini-grid project. The Federal Government has finalized plans to move the seat of power entirely off-grid, marking a major step toward energy independence and cost reduction.

State House Permanent Secretary, Temitope Fashedemi, disclosed this on Wednesday while defending the 2026 budget proposal before the Senate Committee on Special Duties at the National Assembly. He confirmed that the solar installation was completed in late 2025 and has been undergoing technical evaluation since December.

“We are hopeful that by March we will be able to effect a full cutover,” Fashedemi told lawmakers. He emphasized that the shift from the Abuja Electricity Distribution Company (AEDC) would significantly lower the operational costs of running the Presidential Villa.

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To demonstrate the viability of the project, Fashedemi cited the State House Medical Centre, which has operated entirely on solar power since May 2025. According to him, the facility has not switched on its generator since installation.

“In fact, since May last year, the generator at the Medical Centre has not been switched on for one minute,” he said. He added that less than three per cent of the centre’s energy needs were briefly supplemented from AEDC during the initial transition phase, with the remainder fully covered by solar panels and battery storage.

The Federal Government allocated N10 billion in the 2025 budget for the solar mini-grid project—a decision that sparked public debate at the time. An additional N7 billion has been proposed in the 2026 Appropriation Bill to consolidate and expand the initiative.

The transition comes amid efforts to resolve longstanding electricity debt. In February 2024, AEDC listed the Villa among its top government debtors, with an outstanding balance of N923.87 million. Following reconciliation, the figure was reduced to N342.35 million, which President Bola Ahmed Tinubu directed to be settled immediately.

Fashedemi further revealed that the testing phase uncovered instances of overbilling by AEDC, including charges for electricity allegedly not delivered. He confirmed that discussions were ongoing to reconcile what he termed “legacy liabilities” with the utility company.

With the full transition to solar, the Villa will no longer rely on its aging generator fleet, some of which have been in use since the complex was first constructed.

While a few units may be retained strictly for emergency purposes, Fashedemi expressed confidence that the new solar infrastructure would provide stable, sustainable power for the entire Presidential Villa.

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