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“Why I Don’t Take Food and Beverages in Aba “

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By Ichaburu Ochefa

Some time ago, a friend of mine living in Lagos State told me that whenever he is on business travels to Aba, Abia State, he doesn’t drink water or tea neither in the hotel he lodges nor buys from the shops outside.

Curiously, I asked him why.? “

They are fake products,” he replied. He added, “From water to tea, wine, spirits, juices, etc.

“I further asked,  “So how do you survive while you are there.?

“I prepared myself from Lagos,”  he said. “But there are fake products in Lagos, too, and all over Nigeria,” I told him as a matter of fact.

They are at Oke-Arin market on Lagos Island, Alaba International; the  Oyingbo market … they are at Ogbete main market, Enugu …”

“I know, he cut me short and said: “Not like  Aba; Aba is worst in counterfeiters…”

What my friend told me months ago matches the NAFDAC’s recent regulatory actions against fake product manufacturers in Aba.

An official statement from the agency on Tuesday,  28 January 2025, signed by Prof Mojisola Adeyeye, the NAFDAC Director-General, described the Cemetery market Aba as ” the most dreaded and hitherto safe haven for the largest cartel ring for the manufacture of fake wines and beverages in Africa.”

NAFDAC further said that its enforcement agents, in collaboration with a large contingency of the military, DSS, and Nigeria Police, in a rare display of inter-agency cooperation, confiscated adulterated wines, fake food, and beverages valued at over N5 billion. ”

The current action of NAFDAC is the most audacious in the history of the market, with specific zones barricaded with iron welding and access gates locked to date.

The operation carried out was a follow-up to a similar raid that was carried out in December 2023.

Some of the nefarious activities of the counterfeiters included the manufacturing of all kinds of adulterated products especially different kinds of wine from a wide variety of brands ranging from the following: ·      Seaman Schnapps, Henessy, Four Cousins ·      Carlo Rossi, Jenney, Chelsea London Dry Gin ·      Schnapp Dry Gin, McDowells, Black Labels ·      Gordons, Martell, Campari, Smirnoff ice ·      Eva Non-Alcoholic Drink, Evra Non-Alcoholic Drink, Cartel and others.

As a consequence of the extensive operation, the agency raided over 240 shops and turned factories where the harmful products were being produced and marketed.

The shops turned factories are very filthy, using water from very unhygienic sources, harmful chemicals, saccharin, coloring, dirty recycled bottles, and cloned packaging materials of other brands.

The adulteration of alcoholic beverages by criminal elements in the country is done by mixing cheaper sources of sugar and starch besides grapes or fruit, among other harmful chemicals unsuitable for human consumption.

Over 1500 cartons of fake and substandard products were destroyed during the operation.

The street value of the confiscated and destroyed fake products in 2023 is estimated at over seven hundred and fifty million naira only. (N750,000,000).

The estimated value of products mopped up during the December 15, 2024, operation is five billion naira.

The products being revalidated and mopped up include: ·      Soft and carbonated drinks such as Fanta, Coca-Cola ·      Schweppes, Lacasera, Sprite, Hollandia Yoghurt ·      Super Commando Energy Drink, Feyrouz and Amstel Malta. Aside from drinks, notable fake home-use beverages such as: ·      Peak Sachet Milk, Cowbell Sachet Milk, Peak Chocolate Drink ·      Miksi Sachet Milk, Cadbury Chocolate Drink, and Ovaltine adulterated versions.

Before the evacuation of the products by NAFDAC, they were being produced in the market and neatly packaged and sold to unsuspecting consumers.

NAFDAC management appreciates the support from the Government of Abia State led by His Excellency Governor Alex Otti for his unwavering support for this project OPERATION CLEAN UP ABA.

The Mayor of Aba South, the interim management committee of the market, and other stakeholders have been working assiduously with NAFDAC on the project,  leading to another discovery of three major warehouses stockpiling expired HOLLANDIA YOGHURT for revalidation on the 22nd of January 2025.

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IEA chief warns Oil market could enter ‘red zone’ by July as stocks dwindle ahead of summer travel season

Birol said that the single most important solution to the Iran war energy shock is a full and unconditional reopening of the strategically vital Strait of Hormuz..

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•Faith Birol

Fatih Birol, executive director of the International Energy Agency (IEA) warned on Thursday that the oil markets could soon enter a “red zone” as global stocks deplete and as demand picks up during the summer travel season.

Birol’s comments came during a Chatham House session on the Strait of Hormuz crisis and global energy security.

Birol said that the single most important solution to the Iran war energy shock is a full and unconditional reopening of the strategically vital Strait of Hormuz.

” If it fails to reopen and no new oil is coming online from the Middle East, an ongoing drawdown in global stockpiles combined with an uptick in demand during the summer travel season means oil markets “may be entering the red zone in July or August,” Birol said, without elaborating further.

The IEA has previously said the global market is facing the most severe disruption in its history. That’s despite, Birol said, the market having benefitted from being in the “fortunate” position of entering the crisis with a surplus to help absorb the shock. These stocks, however, are now eroding, Birol said.

Typically, roughly 20% of the world’s oil and liquefied natural gas passes through the Strait of Hormuz, but shipping traffic has virtually halted since U.S. and Israeli-led strikes against Iran started on Feb. 28.

The IEA chief said the “biggest pain of this crisis will be felt in developing Asia and Africa,” adding that he was just as concerned about the impact of the Iran war on global food security as he was on energy security.

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Femi Otedola earmarks $100 million for Dangote Refinery’s IPO

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The Chairman of First HoldCo, Femi Otedola, said on Wednesday “From on a personal note, I’ve appealed to him (Aliko Dangote to allocate to me shares worth $100 million private placement, ahead of the Refinery’s initial public offer.”

“That’s one of the reasons I sold my stake in Geregu plant to come and invest my proceeds in the IPO of Dangote refinery.”

Otedola told journalists when he led top executives of First HoldCo on a tour of the refinery and the fertiliser plans in the Lekki free trade zone area.

The team also visited key project sites such as the jetty, a facility built by Dangote industries to receive large vessels.

The private placement is the latest announcement in the refinery’s Initial Public Offering plan, IPO expected later in the year.

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CBN Holds Benchmark Interest Rate at 26.5% Amid Renewed Inflation Concerns

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The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, maintaining the current stance after its two-day meeting that ended on Wednesday, May 20, 2026.

CBN Governor Olayemi Cardoso announced the decision, noting that the committee voted unanimously to hold all key parameters unchanged. The asymmetric corridor around the MPR remains at +500/-450 basis points, the Cash Reserve Ratio (CRR) stays at 45 per cent for commercial banks and 16 per cent for merchant banks, while the liquidity ratio is retained at 30 per cent.

The hold comes as headline inflation rose for a second consecutive month to 15.69 per cent in April 2026, up from previous levels, driven largely by food inflation at 16.06 per cent and higher transportation costs. Cardoso emphasised the need for a cautious and vigilant approach to anchor inflation expectations and safeguard macroeconomic stability.

This decision aligns with analysts’ expectations ahead of the 305th MPC meeting and follows the first rate cut in years implemented in February 2026, when the MPR was reduced by 50 basis points to the current 26.5 per cent.

The CBN Governor highlighted ongoing reforms, exchange rate stability, and efforts to improve food supply as factors supporting the disinflation process, even as global and domestic risks persist. The next MPC meeting is expected in July.

The retention signals the apex bank’s priority on taming inflation while monitoring the impact of previous policy actions on the broader economy.

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