Business
Mutallab’s Son Arrested Over Attempted Bombing In US
Twenty-three year old Abdulfarouk Umar Abdulmutallab, son of former Chairman of First Bank Plc, Alhaji Umar Mutallab, was Saturday in Michigan, United States arrested for trying to blow up North-west Delta Airlines flight on Christmas day.
He was charged in a make-shift court session at the University of Michigan hospital, where the suspect was being treated for burns. He had bandages in his hands, spoke in English, and told the district attorney that he could not afford to pay for an attorney.
He was accused of “willful attempt to destroy an aircraft within the special aircraft jurisdiction of the United States and wilfully placing and causing to be placed a destructive device upon and or proximity to such aircraft.”
In a five-page affidavit deposed by Theodore James, FBI special agent before District Judge Paul Borman, the justice department said Abdul Mutallab had a device containing a high explosive attached to his body on flight 253 from Amsterdam.
Also Saturday, Alhaji Mutallab, who was former Federal Commissioner for Economic Development in the Murtala/Obasanjo administration, was quizzed for hours by a combined team of the nation’s security agencies in Abuja over the bombing incident involving his son.
The Justice Department said Umar Farouk Abdulmutallab who was born on December 22, 1986 had a device containing a high explosive attached to his body on Flight 253 from Amsterdam.
A preliminary analysis of the device shows that it contained PETN, also known as pentaerythritol, according to the affidavit filed in federal court in Detroit.
Abdulmutallab allegedly told passengers that his stomach was upset, then pulled a blanket over himself, the affidavit said. Passengers then heard popping noises that sounded like fireworks and smelled smoke before at least one passenger climbed over seats and tackled Abdulmutallab.
“Had this alleged plot to destroy an airplane been successful, scores of innocent people would have been killed or injured,” U.S. Attorney General Eric Holder said in a statement. “We will continue to investigate this matter vigorously, and we will use all measures available to our government to ensure that anyone responsible for this attempted attack is brought to justice.”
Abdulmutallab claimed to have been instructed by al-Qaida to detonate the plane over U.S. soil, said a U.S. law enforcement official. But others cautioned that such claims could not be verified immediately.
London’s Metropolitan Police also were working with U.S. officials, said a spokeswoman who spoke on condition of anonymity in line with department policy.
The father of the suspect Mutallab, told The Associated Press on Saturday that he didn’t know exactly where his son was but planned to speak with Nigerian authorities.
“I believe he might have been to Yemen, but we are investigating to determine that,” the father said.
Mutallab who left Funtua, his home town in Katsina State early Saturday morning for Abuja after hearing about the news of his son’s attempted bombing and arrest reported to the security agencies at the Federal Capital Territory.
Our correspondent gathered that as at the time of going to press Mutallab was still with the security agencies.
Mutallab, admitted that the man arrested over a botched attempt to blow up a US airliner on a flight from Amsterdan to Detroit is his son.
“I have been receiving telephone calls from all over the world about my child who has been arrested for an alleged attempt to bomb a plane,” Mutallab said.
“I am really disturbed. I would not want to say anything at the moment until I put myself together. I will address a press conference on the issue on Monday. I have been summoned by the Nigerian security and I am on my way to Abuja to answer the call,’’ he said.
Family sources said Mutallab has been uncomfortable with his son’s extreme religious views and had six months ago reported his activities to United States’ Embassy, Abuja and Nigerian security agencies.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
King Onunwor