GHL: How FBN’s Recklessness Almost Killed 93 on Oil Rig Disputes alleged diversion of funds, insists suppliers paid to save lives, restore project Insists bank wants to eat its cake and also have it
James Emejo in Abuja General Hydrocarbons Limited
(GHL), in response to FBN's statement last night, provided more details on how First Bank of
Nigeria’s failure to pay its pending requests according to contract terms led to an international incident in
2023, which nearly claimed the lives of 93 persons working on the oil rig. These details were contained in
the accounts provided by GHL as part of her Right of Reply. The response, however, followed
repeated allegations of diversion Continued on page 14
CBN Fines 9 Banks N1.35bn Over Failure to Dispense Cash via ATMs... Page 14 Wednesday 15 January, 2025 Vol 29. No 10874. Price: N400
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AGF Confirms Return of $110m Assets Recovered Globally... Page 5
Customs Targets N6.58tn Revenue for 2025, Collected N6.11tn in 2024 National Assembly projects N12trn revenue for Customs in 2025 appropriation bill
James Emejo and Sunday Aborisade in Abuja
The federal government has set a revenue target of N6.58 trillion for the Nigeria Customs Service (NCS)
for 2025. The Comptroller-General of Customs (CGC), Bashir Adewale
Adeniyi, also disclosed yesterday that it collected an unprecedented N6.11 trillion in 2024, surpassing its
N5.08 trillion revenue target for the year by N1.03 trillion, representing 20.2 per cent above the target.
This emerged same day the Continued on page 14
Food Security: FG Takes Delivery of 255 Tractors for Distribution to Farmers
To also give out 1,200 trailers Hopes to conclude reorganisation, recapitalisation of Bank of Agriculture Q1 2025 Security budget opens farmlands for cultivation Deji Elumoye in Abuja The federal government yesterday disclosed that it has taken delivery of 255 tractors out of the 2000 it signed with a private firm about a year ago to be distributed to farmers. Agriculture and Food Security Minister, Senator Abubakar Kyari, who made this known while addressing newsmen at the State House on government's moves to bring down food inflation currently at about 34 percent also stated that the government has commenced plan for the reorganisation and recapitalisation of the Bank of Agriculture which was expected to be completed before the end of the first quarter of 2025. Kyari explained that all the efforts were moves by the President Bola Tinubu's administration for its Renewed Hope Agenda geared towards reducing food inflation, increasing food production and reducing foreign currency expenditure. Continued on page 14
PIONEERING GLOBAL AWARD IN SUSTAINABILITY...
R-L: President Bola Ahmed Tinubu; Mauritania President, Mohamed Ould Ghazouani; United Arab Emirate President, Sheikh Mohamed bin Zayed Al Nahyan; and Malaysia Minister, Anwar Ibrahim, during the UAE’s Pioneering Global Award in Sustainability at the opening ceremony of the 2025 Sustainability Week in United Arab Emirate ... yesterday