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Nigeria, Germany Sign MoUs On Gas Supply, $500m Renewable Energy Projects

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One of the MoUs calls for Nigeria to supply gas to Germany, while the other calls for $500 million in renewable energy projects in Nigeria.

Ajuri Ngelale, special advisor to the president on media and publicity, said in a statement on Tuesday that President Bola Tinubu observed the signing of the two memorandums of understanding (MoU) in Berlin, Germany, during the 10th German-Nigerian business summit.

According to the release, Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany signed MoUs on the gas export collaboration.

The other signed pact was between Union Bank of Nigeria and DWS Group on cooperation in renewable energy.

Welcoming the new deals, Tinubu told German companies that foreign investments in Nigeria are safe due to the country’s stable political environment.

He said with a resilient democracy, Nigeria is well-primed to attract foreign direct investments.

Tinubu said since 1999, the nation has seen shifts in democratic governance, including orderly handovers of power within and between political parties.

“Democracy in Nigeria has proven to be flexible and resilient,” he said.

“Shake off any remnants of the military era syndrome; we have moved beyond that.

“Despite challenges faced by other African nations, Nigeria stands firm, and we are your partners.”

The president reaffirmed his commitment to maintaining the changes and forging closer ties between Germany and Nigeria.

The president said he has a track record that led him to the presidency.

“Nigerians voted for me for reforms, and from day one of my inauguration, I implemented the reforms. My inaugural speech did not disclose what I would do,” he said.

“I removed the fuel subsidy that is a great burden to Nigerians from the moment I stepped into office.

“The arbitrage regime is gone forever. Now, you can bring your money in and out as you wish. If you encounter any problems, rest assured that I have built one of the most reliable teams Nigeria has seen to address them.

“I appeal to you to forget the past and focus on building a relationship that removes obstacles, fostering progress and prosperity in Nigerian-German relations.”

  • ‘Riverside LNG To Supply Energy To Germany’

David Ige, chief executive officer (CEO) of GasInvest, who signed the MoU on gas supply, said the goal of the Riverside LNG project is to supply Germany with energy from Nigeria while putting an end to roughly 50 million cubic feet of flared gas per day in Nigeria.

“The project will supply energy from Nigeria to Germany at 850,000 tonnes per annum, expanding to 1.2 million tonnes per annum,” he said.

“The first gas will leave Nigeria for Germany in 2026, and there will be further expansion. This will extinguish about 50 million cubic feet per day of flared gas in Nigeria and open alleyways of new and greater exports of gas to Germany.”

On his part, Frank Otto, chief operating officer of Johannes Schuetze Energy Import AG, described the partnership as a “big deal” for the German market.

Also speaking, Farouk Gumel, chairman of Union Bank, said the company is committed to the $500 million e-energy projects in Nigeria.

He said it is important to include rural and more people in the formal economy.

BIG STORY

Binance Executive Gambaryan Slumps In Court During Hearing Over Alleged Money Laundering

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Drama ensued at the Federal High Court in Abuja as the detained Binance executive, Tigran Gambaryan, collapses in court on Thursday.

When the court registrar called on the defendant to continue the trial, he stayed sitting in the back seat of the reopened trial and did not come down to the dock.

When the defendant refused to step onto the dock, Justice Emeka Nwite, the trial judge, inquired about him.

As they proceeded slowly to the dock, one of the defence team’s attorneys, who was seated next to Gambaryan, supported him by the side, holding his hand.

However, as they approached the dock, Gambaryan sagged, so the attorney helped him settle into the first row seat.

However, Mark Mordi, the defendant’s attorney, informed the court that his client had been declared indisposed and that a formal application letter had been sent to inform the court.

At the last sitting, Justice Nwite had dismissed Gambaryan’s bail application on the ground that the Economic and Financial Crimes Commission (EFCC) had been able to establish that he posed a flight risk in the same manner as Nadeem Anjarwalla.

Gambaryan, Anjarwalla, and Binance Holdings Limited are facing money laundering and terrorism financing charges, brought against them by the EFCC.

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BIG STORY

Banky W Survives Fourth Surgery, Says “Final Score: Christ 4-0 Cancer Tumors” [VIDEO]

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Nigerian popular R ‘n’ B singer, Olubankole Wellington, popularly known as Banky W, has successfully undergone a fourth cancer surgery.

The “Made For You” crooner, In a heartfelt post on his Instagram page on Thursday, expressed gratitude to God for his recovery.

Banky W thanked his wife, family, friends, and pastors for their unwavering support and prayers, as well as his medical team, Dr. Onyewu and Dr. Adenuga, for their expertise and care.

“Sometimes, your faith in God will not prevent the storms from coming… but it will carry you through them. Faith won’t always stop you from hurting, but it will help you heal, and it will help you deal.

“God never said the weapons wouldn’t form, He promised that they wouldn’t prosper. He never said the enemy wouldn’t come… He promised that when the enemy comes in like a flood, the Spirit of God would raise a standard against him.

“Posting this testimony to encourage anyone out there who is going through a challenge. It might seem bigger than you, but greater is He that is in you than anything you will face in this world.

“Grateful for my wife, family, friends, and Pastors for their love, prayers, and support. Thanking God for my health and trusting that this latest victory is final in Jesus’ name.

“Appreciating the gifted hands and minds of my doctors, Dr. Onyewu of the Center for Advanced Specialty Surgery, and Dr. Adenuga of Euracare and the teams that support them.

“We have the victory yet again. Now and forever, in Jesus’ name.

“And we know that all things work together for good to those who love God, to those who are the called according to His purpose.” – Romans 8:28″

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BIG STORY

Nigerians Blast Sky Sports For Excluding Ademola Lookman In Europa League Graphics

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Nigerians have expressed anger and disappointment after a British media outlet, Sky Sports, omitted Super Eagles forward, Ademola Lookman, from a graphic celebrating Atalanta’s Europa League victory.

Lookman made history on Wednesday night by becoming the first player to score a hat-trick in a UEFA Europa League final.

The omission has sparked outrage, with many calling out Sky News for their oversight.

Lookman’s Atalanta stunned Bayer Leverkusen 3-0, ending the Bundesliga champions’ 51-match unbeaten run in all competitions.

This was also Atalanta’s first-ever UEFA Europa League title and their first major title win since 1963.

Lookman was the star of the night, scoring his third goal of the game in the 75th minute.

Lookman’s first-half brace made him the first African to score two goals in the final of a major European competition before he added a historic third.

Sky Sports posted an image on its X handle on Wednesday evening with the caption “BREAKING: Atalanta have WON the Europa League after beating Bayer Leverkusen 3-0 in the final in Dublin”. However, the image only included Gianluca Scamacca and Teun Koopmeiners.

The post has been bashed on the internet, especially on X.com, for excluding Lookman, who scored all three goals.

Nollywood actress, Nse Ikpe-Etim, who tweets as @NseIkpeEtim, said, “This is shocking. Ademola Lookman scores a beautiful hat-trick and you couldn’t bring yourself to use an image of his. Sure you can do better.”

Also, investigative journalist, Fisayo Soyombo, tweeting with the handle @fisayosoyombo, said, “Nigerian footballer Ademola Lookman, who scored all three goals that fetched Atlanta the trophy did not make it to your cover photo? All of you @SkyFootball are collectively an unbelievable joke!”

A photojournalist who tweeps with the handle @PoojaMedia, said, “You are reporting the final without the history maker. Reason we’ve to hype our own to heavens but de@d heads will be dragging us. Una see now?”

Another X user, @Xandyy_Jay, said, “The whole world condemns this act. You can do better. Ademola Lookman should be the first person here. Why are you so biased?

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