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The face-off between the Nigerian Ports Authority (NPA) and Intels Nigeria Limited (Intels), a company co-owned by former vice president, Atiku Abubakar is not over yet.

This is as the NPA has handed a two-week ultimatum to the company to remit an outstanding $48 million that ought to have been paid into the agency’s Treasury Single Account (TSA) in 2017.

Intels, a logistics and facilities services provider in the maritime and oil and gas sectors, was co-founded by Gabriele Volpi, an Italian national, and former vice-president, Atiku Abubakar.

Atiku has since sold down most of his interest in the company to the former Lagos State governor and APC national leader Bola Tinubu.

Speaking yesterday during an interview with CNBC Africa, Managing Director of NPA, Ms. Hadiza Bala Usman, said Intels’ notice of termination would stand if the company fails to settle its debt.

“I am giving Intels a possible two-week window to provide payment, two weeks from now, following which the notice of termination will not be withdrawn,” she said.

“One of the issues we have had with Intels is their non-compliance with the TSA. As you are aware, the Nigerian government instituted the treasury single account which is the account that all revenues of government need to be paid into.

“Intels collects revenue on behalf of the Nigeria Ports Authority and had refused to comply with TSA and kept retaining those revenues in their coffers.

“So we insisted that they must comply, no company is above the laws of the country and we went through the whole process,” she was quoted to have said in the interview.

She spoke further on what caused the disagreement between the maritime agency and the logistics firm, accusing the company of failing to comply with the ground rules.

“I think it’s important for all entities operating in an environment to adhere to the rules and regulations,” she said.

“What we seek to ensure is with you have a level playing field and you must comply to regulations. At no point was Nigeria Ports Authority not going to remit their own portion of the revenues.

“All other third-party agreements that we have in the Nigerian Ports Authority have a similar structure, so why should Intels feel it can operate outside of the law? The other companies are complying, why don’t you comply?” She added.

Last year, Nigerian government directed the NPA to terminate the boats pilotage monitoring and supervision agreement that the agency has with Intels Nigeria Limited.

Attorney General of the Federation (AGF) and Minister of Justice, Mallam Abubakar Malami (SAN), in a letter dated September 27, 2017 Ms. Hadiza Bala-Usman, said that the agreement, which has allowed Intels to receive revenue on behalf of NPA for 17 years, violates the Nigerian Constitution, especially in view of the implementation of the TSA.

Malami said the agreement, which allowed Intels to receive revenue on behalf of NPA for 17 years, violated Sections 80(1) and 162(1) and (10) of the constitution.

The AGF wondered if the management of the NPA and Intels did not take cognisance of the relevant provisions when negotiating the agreement in 2010.

But Intels insisted that it had settled the dispute with NPA and was awaiting the AGF’s clearance.

The firm admitted the infractions and apologised for its initial rejection of the regulator’s directive on the TSA, stating its readiness to comply.

In its apology, dated October 25, 2017, Intels, through one of its directors, Silvano Bellinato, suggested that an agreement that would ensure “mutual business satisfaction” be signed between the company and NPA.

Bellinato also sought assurances that Intels’ share of collected revenues would always be remitted to it in good time after the TSA account with the CBN is credited.

BIG STORY

KWAM1 Loses Bid To Block Awujale Selection Process

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The Ogun State High Court, sitting in Ijebu-Ode, on Monday refused to grant an interim injunction aimed at restraining Governor Dapo Abiodun and five others from proceeding with the selection and installation of the next Awujale of Ijebuland.

Ayinde, represented in court by Wahab Shittu (SAN), had sought the injunction pending the hearing of his substantive suit challenging the selection process.

But Justice A. A. Omoniyi dismissed the application, holding that the interim injunction lacked merit and that there were no strong grounds to justify its grant.

He subsequently ordered the expedited hearing of the substantive matter, fixing 14 January 2026 for proceedings.

KWAM1 had declared his interest in the vacant Awujale stool, claiming lineage from the Jadiara Royal House of the wider Fusengbuwa Ruling House.

However, the Fusengbuwa ruling house rejected his claim, stating that he is not from the royal house.

To challenge what he perceived as injustice, Ayinde filed a suit against the Fusengbuwa ruling house, Governor Abiodun, the Chairman of Ijebu-Ode Local Government, Dare Alebiosu, and three others.

The other respondents include the Commissioner for Local Government and Chieftaincy Affairs, Ganiyu Hamzat; Secretary of Ijebu-Ode Local Government, Oke Adebanjo; and the Chairman of the Awujale Interregnum Administrative Council, Dr Olorogun Sunny Kuku.

The suit, HC3/238/2025, was filed ex parte, citing Order 38 Rules 4 and Order 39 Rule 1 of the High Court of Ogun State (Civil Procedure) Rules 2024, Section 36 of the 1999 Constitution, and the court’s inherent jurisdiction

A copy of the court document dated 16 December 2025 was obtained by our correspondent.

Ayinde urged the court to restrain all respondents from further action on the Awujale selection process to protect his interest and preserve the res from being dissipated or interfered with.

He prayed the court to restrain the respondents, “their agents, or anyone acting on their behalf, from taking any steps in the installation process of the next Awujale of Ijebuland pending the hearing and determination of the substantive suit.”

The musician said he is an aspirant to the Awujale stool, “and the injunction is necessary to secure his interest and preserve the res from being dissipated or interfered with by the respondents.”

With the interim injunction denied, attention now turns to the substantive hearing scheduled for 14 January 2026, which will determine the fate of KWAM1’s claim to the Awujale stool.

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Visas Issued Before January 1, 2026, Remain Valid… US Assures Nigerians After Travel Restrictions

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The United States embassy has clarified that visas issued before January 1, 2026, will remain valid amid concerns over new travel restrictions.

Nigeria was among 15 mostly African countries, including Angola, Antigua and Barbuda, Benin, Côte d’Ivoire, Dominica, Gabon, and The Gambia, placed on partial travel suspensions by the US government on December 16.

In Nigeria’s case, the US cited the free operation of radical Islamic terrorist groups such as Boko Haram and the Islamic State in certain parts of the country, creating “substantial screening and vetting difficulties”.

An overstay rate of 5.56 percent on the B-1/B-2 visa and an overstay rate of 11.90 percent on the F, M, and J visas were also cited as reasons for the addition of Nigeria to the list.

As a result, the travel suspension covered immigrant visas as well as non-immigrant visas, including B-1, B-2, B-1/B-2, F, M, and J categories — routes most commonly used by Nigerians despite data showing relatively low visa overstay rates.

B visas are for temporary visitors for business (B-1) or tourism (B-2); F and M visas are for students (academic and vocational); while J visas are for exchange visitors.

January 1, 2026, has been set as the effective date.

In a statement on Monday, the US embassy clarified that the presidential proclamation does not affect immigrant visas for ethnic and religious minorities facing persecution in Iran, dual nationals applying with a passport of a nationality not subject to a suspension, special immigrant visas (SIVs) for US government employees, participants in certain major sporting events, and lawful permanent residents (LPRs).

The embassy added that the restrictions only apply to foreign nationals who are outside the US on the effective date and do not hold a valid visa on the effective date.

“No visas issued before January 1, 2026, at 12:01 a.m. EST, have been or will be revoked pursuant to the Proclamation,” the statement reads.

The embassy added that visa applicants who are subject to the proclamation may still submit applications and schedule interviews, but they may be ineligible for visa issuance or admission to the US.

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BIG STORY

US To Stop Issuing Visas To Nigerians From Jan 1, 2026

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The United States will partially suspend the issuance of certain visas to Nigerian nationals from January 1, 2026, following a new presidential proclamation on border and national security.

The US Mission in Nigeria said the restriction will take effect at 12:01 a.m. Eastern Standard Time (EST) under Presidential Proclamation 10998, titled “Restricting and Limiting the Entry of Foreign Nationals to Protect the Security of the United States.”

Nigeria is among 19 countries affected, including Angola, Benin, Cuba, Senegal, Tanzania, Togo, Venezuela, and Zimbabwe.

The suspension covers nonimmigrant visas such as B-1/B-2 visitor visas, F, M, and J student and exchange visas, as well as immigrant visas, with limited exceptions.

Exemptions include:

Immigrant visas for ethnic and religious minorities facing persecution in Iran

Dual nationals using a passport from an unaffected country

Special Immigrant Visas for eligible US government employees

Lawful permanent residents of the US

Participants in certain major international sporting events

The US Mission stressed that the suspension only affects foreign nationals outside the US on the effective date who do not already hold a valid visa.

“Foreign nationals holding valid visas as of January 1, 2026, will not be affected. No visas issued before that date will be revoked,” the statement added.

Visa applicants from affected countries may still submit applications and attend interviews, but they may be denied visa issuance or admission under the new rules.

The move follows a series of US measures targeting Nigeria, including its recent inclusion on a revised travel ban list and a designation for violating religious freedom.

 

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