Business
Key into Governor Eno ARISE Agenda – AFAN Chairman Advices Farmers
Farmers in Akwa Ibom State have been advised to key into the ARISE Agenda of Governor Umo Eno as a way of ensuring food security in the State and beyond.
The State Chairman of All Farmers Association of Nigeria, AFAN, Prince Bassey Inwang stated this during a one day training for farmers in the State which was held recently at AFAN Headquarters in Uyo.
Prince Inwang hinted that the training session is one of the numerous ways the Association helps farmers in Akwa Ibom State to improve productivity by bringing farmers up to date with current trends in Agriculture.
Over one hundred farmers were trained on various areas of Agriculture including upland rice and oil palm cultivation, maintenance, harvesting and processing; yam miniset cultivation; organic pesticide powder production; liquid herbicide/pesticide production; cucumber and tomatoes cultivation, maintenance, harvesting and marketing; review on orange fleshed potato cultivation and reduction of mortality in organic poultry production.
The resource persons drawn from accomplished practical farmers in the State include, Pastor Mrs. Martina Umanah, Mr. Sylvester Edem, Comrade Boniface Udom, Mr. Alphonsus Nyong, Prince Bassey Inwang, Comrade Vincent Bitrus and Dr. Susan Nelson among others.
The seminar sessions which also included practical on hands training was free of charge as the AFAN helmsman in the State expressed willingness of the Association to keep farmers abreast with latest trends in Agriculture without tasking the farmers cash wise.
Some of the beneficiary farmers spoke after the trainings, commending AFAN for always thinking of improving their skills.
The farmers who spoke after the training include, Mrs Ekeobong Daniel, Apostle Okpoh, Mr Victor Akpan and Mr. Ok on Essoh also promised to put to practice all the knowledge they have garnered during the one day intensive training.
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.
The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.
The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.
The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.
The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.
Current status
The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.
As the case is pending before the court, the allegations remain subject to judicial determination.
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Business
CBN revokes 46 MFBs’ licences
According to the revocation order, the action became necessary because of one or more of: insufficient assets to meet liabilities; closure of operations without the CBN approval; and inactivity and cessation of financial intermediation.
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs).
CBN’s Ag. Director of Communications, Mrs. Hakama Sidi-Ali disclosed that the revocation becomes effective today.
She emphasised that the revocation was in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.
“The revocation was approved by the Governor of the Central Bank of Nigeria, Mr. OlayemiCardoso, following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions,” she said.
According to the revocation order, the action became necessary because of one or more of: insufficient assets to meet liabilities; closure of operations without the CBN approval; and inactivity and cessation of financial intermediation.
Others were: failure to commence operations within 12 months of licence approval, and failure to maintain minimum capital funds unimpaired by losses.
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