News
Psaltry International Limited appoints Mrs Folusho Olaniyan OON Chairman board of directors. ….
Profile of Folusho Olaniyan OON.
Established in 2005, Psaltry is the first to produce cassava based sorbitol in Africa, and 2nd in the world after Indonesia.
Asset base of $20million USD
PIL also produces Cassava based glucose syrup.

PIL runs an Outgrower farmer scheme of 3500 farmers 500 Agripreneurs.



FACTORY CAPACITY:
• 24MT per day sorbitol factory.
• 40MTper day food grade starch
• 20MT per day High quality cassava flour
WASTE MANAGEMENT:
The factory Recycles cassava peels, and pulp waste into pellets for powering wood boilers in the production factory.
PIL Enzymizes starch into glucose and hydrogenize glucose into sorbitol.
Sorbitol is a major raw material for toothpaste production, while food grade starch is a raw material for seasoning cubes, beverages and medications.
Psaltry is the major supplier to Nestle, Unilever, Nigerian Breweries, Promasidor.

New Sorbitol plant located in Odo Awaye Oyo state will be officially commissioned in March 2020.
Profile of Folusho Olaniyan OON
CEO Contact Consulting Nigeria & Programme Director Agrainnovate West Africa

Folusho started her career in the food industry as a management trainee with A.G.Leventis Nigeria. Plc. in 1988. As Head of Sales and Marketing, in 2005,she joined UTC Nig Plc and was appointed Managing Director/CEO in 2007;a post she held till 2013, when she collaborated with the Federal ministry of Agriculture and rural development on the Agricultural transformation agenda, to pioneer the commercialization of cassava flour inclusion in bread and pastries. She set up Contact Consulting Nig. Ltd; a Market Research, Business advisory and advocacy, organization, focused on Agricultural value chain development and investments in 2013.
She has served as consultant/ market analyst to Partnerships In Niger Delta PIND project, CAVA Cassava Adding Value for Africa; a Bill and Melinda Gates funded project, headquartered at the Federal University of Agriculture , Abeokuta, Nigeria , and as expert advisor to Dalberg Global advisors on the IDH Market study on commercial opportunities in agricultural value chains in Nigeria. Folusho also served as Business Development and Marketing Adviser to MADE (Market For Development in The Niger Delta), funded by DFID through DAI UK. and as a consultant to Palladium Group United Kingdom, on the West Africa Food Markets Pilot Programme in 2016. She also served on the judging panel of the Rockefeller foundation Cassava Yieldwise $1million dollars Challenge set up in 2016 to promote innovation in cassava post harvest practices, as well as being a consultant to the World economic forum Grow Africa project in, on data assessment of maize , soya bean, and coffee sectors in Tanzania, Ghana, and Ethiopia.
Folusho is a member of the project advisory council of BASICS-(Building an Economically Sustainable, Integrated Seed System for Cassava In Nigeria), a 4 year project (2016-2020) funded by Bill and Melinda Gates foundation. Folusho is also a member of the Governing council of Ekiti state university Nigeria.
Her firm, Contact consulting Nigeria is the conference partner to Informa group UAE on the Agrainnovate West Africa conference and exhibition ,which has been successfully run from 2013 to date. Contact Consulting Nigeria is founding partner to Nigerian Agricultural seeds council on the Seedconnect Africa Conference and exhibition launched in 2017.
Folusho led the advocacy team on the AGRA $240,000USD funded policy reform project titled: Advocacy for the passage of the fertilizer control bill, the Nigerian independent warehouse regulatory agency bill, and the presidential assent to the Nigerian seed council Bill., from October 2018 to January 2020. She has the responsibility for developing and coordinating the advocacy workplan for the project, in collaboration with the Nigerian economic summit group. The National seeds council bill was assented to by the President of Nigeria in 2019, and the fertilizer bill was passed by the Nigerian Senate also in 2019.
Folusho also served as expert advisor to Dalberg Global development advisors in partnership with IDH The Sustainable Trade Initiative of the Dutch Government, on the Ondo state commercialization study on five high potential agricultural value chains: Cocoa, Oil palm. Cashew. Aquaculture, Vegetables in Ondo state in 2019.
In October 2019, Folusho partnered with Ambidextrous UK to develop the Brands Basecamp Africa project, with the objective of nurturing talent, and teaching best practice, to help businesses meet local challenges pertaining to segmenting consumer markets, shaping brands, and growing businesses through innovation and communication.
Folusho is a fellow of the Chartered Institute of Marketing UK, and a fellow of the Institute of Directors. She holds a Masters degree in Public Administration from the University of Lagos, Nigeria, and a professional postgraduate Diploma in Marketing from the Chartered Institute of Marketing, Cookham, United Kingdom. She attended the Johnston institute for responsible leadership at the University of Pittsburgh Pennsylvania for a certificate programme in organizational leadership in 2009.
Folusho has attended two fellowship programs of the United States Department of Agriculture USDA, on Women in Agriculture, and snack food development at the Iowa state University USA between 2015 and 2017. A Cochran fellow of the United States Department of Agriculture USDA, Folusho is also a member of the International Food and Agribusiness Management Association, USA.
Folusho is the current program Director of Agra innovate West Africa, an annual conference funded by Informa Group UK and UAE. Informa is the world’s largest publicly quoted exhibition company. The Agrainnovate agribusiness trade show and conference is an annual knowledge sharing and business partnerships/ deal making platform attended by 6,000+ visitors from over 20 countries across the globe. In recognition of Folusho’s contributions to the Nigerian food industry, she was awarded National honours of Officer of the Order of the Niger (OON) in September 2014 by the President and Commander in Chief of the Federal Republic of Nigeria.FacebookTwitterEmailShare

News
Couple Kidnapped, One Shot In Ondo Estate Attack
Gunmen suspected to be kidnappers have abducted a couple from their residence in the Iluabo area of Akure North Local Government, Ondo State.
During the attack, which occurred in the early hours of Saturday, February 21, 2026, the assailants shot one person before seizing the victims.
The gunmen had stormed Olaribigba Estate in the community when they whisked Mr Jamiu Olawale and his wife into the bush.
Following the development, which has created tension in the agrarian community, residents protested and barricaded the road leading to the community over the incessant kidnappings and insecurity in the community.
According to sources, the couple had arrived at their residence in an ash-coloured Toyota Camry when they were attacked by the gunmen, who lay in ambush for them.
During the incident, a neighbour of the abducted couple, Patrick Ilumaro, who was seated in front of his residence, was shot by the gunmen while fleeing from the community.
A neighbour of the victims revealed that Ilumaro was swiftly rushed to an undisclosed medical facility where he is currently receiving medical treatment.
While confirming the incident, the Ondo State Police Command disclosed that tactical teams as well as conventional operatives have been deployed to the community.
In a statement issued by the Police Public Relations Officer, Abayomi Jimoh, the operatives are already combing the axis in an effort to rescue the victims and apprehend the perpetrators.
“Concerted efforts are ongoing to ensure the safe return of the abducted persons and bring those responsible to justice.
“Members of the public are urged to remain calm and go about their lawful activities. Meanwhile, the Command urges them to provide credible and actionable information that may assist in the investigation to the nearest police station.”
News
Brake Failure Leaves One Dead, Four Rescued At Abule-Egba
One person died and four others were rescued following a road accident at Ekoro Junction, Abule-Egba, on Friday evening, according to a statement from the Lagos State Traffic Management Authority.
The Director, Public Affairs and Enlightenment Department of LASTMA, Adebayo Taofiq, made this known in a statement issued on the agency’s X handle on Saturday.
According to the agency, the crash occurred at about 7:30 p.m. when an empty MACK tanker suffered a sudden brake failure, lost control and rammed into a Toyota Corolla before crashing into a roadside shop.
LASTMA said the tanker, with registration number EKY 900 XY, collided with a Toyota Corolla marked AAA 823 AY.
The impact caused extensive structural damage to the shop and triggered panic among traders and pedestrians in the area.
“The magnitude of the collision led to the immediate confirmation of one fatality at the scene, while four other trapped persons were extricated from the wreckage through coordinated emergency rescue efforts,” the agency stated.
The authority said it immediately activated its Rescue and Recovery Protocol, deploying specialised operatives to manage the situation.
“Personnel implemented strategic traffic diversion, vehicular evacuation procedures and crowd management in synergy with other emergency responders to forestall secondary incidents and guarantee unobstructed access for rescue operations,” LASTMA added.
It stated that emergency teams carried out rescue operations and provided medical attention to the injured victims.
According to the agency, a heavy-duty tow truck was later deployed to evacuate the damaged tanker and clear debris from the road to restore normal traffic flow.
The agency disclosed that the tanker driver fled the scene shortly after the crash and security operatives have since launched efforts to apprehend the driver and initiate legal proceedings.
“Security personnel from the Nigeria Police Force, Ekoro Division, responded expeditiously, maintaining public order, securing the accident perimeter and assisting in investigative processes aimed at establishing the precise sequence of events that culminated in the mechanical failure and subsequent collision.
“The incident precipitated considerable traffic congestion extending across adjoining routes toward Abule-Egba, necessitating robust traffic management interventions by LASTMA officials who remained on ground directing vehicular movement and implementing diversion strategies to alleviate the backlog,” it said.
According to the agency, its General Manager, Olalekan Bakare-Oki, expressed condolences to the family of the deceased and urged transport operators, particularly drivers of articulated vehicles, to prioritise routine vehicle maintenance.
“Preventable mechanical deficiencies remain a significant contributory factor in severe road traffic crashes,” Bakare-Oki said.
He also advised motorists to exercise vigilance, obey traffic regulations and maintain responsible driving practices, especially within densely populated commercial corridors.
Bakare-Oki assured the public that security agencies would conduct a thorough investigation to determine the immediate and remote causes of the incident and ensure that anyone found culpable would be prosecuted in accordance with extant laws.
The agency said other emergency responders at the scene included the Lagos State Emergency Management Agency, the Lagos State Fire and Rescue Service, the Lagos State Ambulance Service, the State Environmental Health Monitoring Unit and officers of the Nigeria Police Force, collaborated to coordinate rescue, medical response and environmental safety measures.
News
Court Sets Feb 25 For El-Rufai’s Arraignment In DSS Cybercrime Case
The Department of State Services (DSS) will arraign former Governnor of Kaduna state, Nasir El-Rufai, on February 25 over alleged cybercrime and breach of national security.
Justice Joyce Abdulmalik of the Federal High Court has fixed the date for the arraignment of the former Governor on a three-count criminal charge filed by the Department of State Services (DSS) after the Chief Judge, Justice John Tsoho assigned the case to her.
NAN earlier reported that the DSS, on Monday, filed a three-count criminal charge against El-Rufai following his alleged involvement in wiretapping the telephone lines of the National Security Adviser (NSA), Mallam Nuhu Ribadu.
The charge, instituted by the Nigerian secret police, is marked FHC/ABJ/CR/99/2026.
The service accused El-Rufai of breaching the Cybercrimes Prohibition Act (2024) and the Nigerian Communications Act (2003.)
In court, El-Rufai was alleged to have, on Feb. 13, while appearing as a guest on Arise TV station’s Prime Time Programme in Abuja, admitted during the interview that he and his cohorts unlawfully intercepted the phone communications of the NSA, Mr Ribadu.
The offence is said to be contrary to and punishable under Section 12(1) of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024.
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