Connect with us

Business

Plane Bomber, Farouk Abdulmuttalab Recruited In London – Yemeni Official

Published

on

The alleged United States plane bomber Farouk Abdulmutallab met radical Muslim cleric Anwar al-Awlaki in Yemen, after being recruited in London, a senior Yemeni official has said.

Last week US security official John Brennan said there were “indications” of direct contact between the two men.

Mr Awlaki was linked to an attack by a US army major on the Fort Hood base in November, in which 13 people died.

Yemeni Deputy Prime Minister, Rashad al-Alimi also said bomber Umar Farouk Abdulmutallab used explosives from Nigeria not Yemen.

Mr Abdulmutallab was indicted by a US grand jury on six counts on Wednesday.

Charges against him include attempted murder of the 290 people aboard the plane and attempted use of a weapon of mass destruction.

Mr Abdulmutallab allegedly tried to detonate a bomb on Northwest flight 253 from Amsterdam to Detroit, but the plane landed safely after crew and passengers overpowered him.

In a separate development, Mr Alimi said that five Germans including three children and a Briton kidnapped in Yemen six months ago are still alive.

He said northern Shia rebels were co-operating with al-Qaeda over the kidnap.

Mr Alimi told journalists that Mr Abdulmutallab “joined al-Qaeda in London”.

The suspected bomber studied at University College London (UCL) from September 2005 to June 2008 and was president of its Islamic society in 2006-07.

UCL has said there is no evidence to suggest Mr Abdulmutallab was radicalised while he was there.

Mr Alimi also said the suspect met Mr Awlaki in the cleric’s ancestral home province of Shabwa.

Mr Awlaki, a radical American Muslim cleric of Yemeni descent, has been linked to other attacks, including that carried out by US army Maj Nidal Malik Hasan at the Fort Hood army base in Texas in November.

“Mr Awlaki is a problem. He’s clearly a part of al-Qaeda in [the] Arabian Peninsula,” Mr Brennan, who is UN deputy national security adviser, told CNN last week.

“He’s not just a cleric. He is in fact trying to instigate terrorism.”

Some reports say the cleric was killed just before the Christmas attack, in an airstrike on a suspected al-Qaeda base.

However, friends and relatives say he was not harmed in the raid.

Confirmation of the meeting between the two men comes as the White House plans to publish a declassified account of the Christmas Day plot.

In an interview for USA Today newspaper, National Security Adviser Gen James Jones said people would feel “a certain shock” that clues about Mr Abdulmutallab’s role were not acted on.

President Barack Obama “is legitimately and correctly alarmed that things that were available, bits of information that were available, patterns of behaviour that were available, were not acted on”, he said.

Mr Obama is expected to address the nation about the incident later in the day and unveil new steps aimed at avoiding further terrorist attacks.

Continue Reading

Business

Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

Published

on

The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
Continue Reading

Business

NPA Targets N1.489tn Revenue In 2026

Published

on

The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
Continue Reading

Business

NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

Published

on

Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
Continue Reading

Trending