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FG Reveals Alleged Blackmail Attempt By Foreign Companies Amid Tinubu’s UK Trip

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The Federal Government has uncovered a plot by a foreign mining firm, Jupiter Ltd, to orchestrate a “campaign of calumny” and blackmail during President Bola Ahmed Tinubu’s state visit to the United Kingdom, scheduled for March 18–19, 2026.

According to the Ministry of Solid Minerals Development, Jupiter Ltd allegedly intends to sponsor protests and media campaigns to discredit Nigeria’s mining reforms, driven by a dispute over the revocation of mineral titles formerly held by Basin Mining Ltd due to ₦2.49 billion in unpaid fees.

The ministry alleged that the company was orchestrating the “campaign of calumny” to embarrass the President during the historic two day state visit in the company of his wife, First Lady Oluremi.

King Charles III and Queen Camilla will host the president and the First Lady at Windsor Castle On Wednesday and Thursday.

The visit is Nigeria’s first state visit in 37 years to Windsor Castle.

But in a statement by the Special Assistant on Media to the Minister of Solid Minerals Development, Mr. Segun Tomori, the ministry alleged that the company planed to sponsor a protest and media campaign targeted at discrediting the government over the enforcement of mining regulations.

Tomori described the firm’s claims as a “tissue of falsehoods” designed to distract from the government’s efforts to sanitize the mining sector.

According to the statement, the controversy stems from the revocation of mineral titles previously held by Basin Mining Ltd, a Nigerian company reportedly fronted by Australian national Steve Davis.

The ministry said the licenses were revoked after the company failed to pay statutory annual service fees totaling N2,494,000,000 for mineral titles 45454ML, 45117ML, 45118ML, 40532ML, and 40533ML for the 2024 and 2025 fiscal years.

The statement noted that the government has no direct legal relationship with “Jupiter Lithium,” as Nigerian law prohibits granting mining licenses directly to foreign entities.

The statement said: “The Federal Government, through the Ministry and the Nigeria Mining Cadastral Office (NMCO), has no legal or contractual relationship with any company known as Jupiter Lithium. The Nigerian Minerals and Mining Act (NMMA 2007) expressly prohibits the granting of mining licenses to foreign companies.”

The ministry further accused Mr. Davis of being a “mining speculator who manages a web of six different companies to acquire titles without conducting actual operations.

“This practice, the government argues, prevents genuine investors from entering the market and contributes to the rise of illegal mining.

On the rumor that the titles were seized to favor a Chinese firm, the ministry dismissed the claim as a “complete fabrication.”

Tomori further said: “Instead of adhering to Nigerian mining laws, Davis would rather operate surreptitiously as a mining speculator who sets up companies to acquire mineral titles and shortchange the nation.

“Unfortunately for him, the government’s strict application of the regulations caught up with him.”

Insisting that the ongoing reforms are intended to transform the mining sector into a major contributor to Nigeria’s Gross Domestic Product (GDP), the ministry maintained that federal government would not be intimidated by international pressure or “shows of shame” organised abroad.

“The Federal Government of Nigeria cannot and will not be intimidated or blackmailed into abandoning reforms by the antics of any individual or company.

“The nefarious activities of the past that stunted the growth of the mining sector will no longer be tolerated,” the statement warned.

Despite the crackdown, the ministry reiterated that Nigeria remains open for business, highlighting incentives such as tax waivers on imported equipment and the full repatriation of profits for those who follow the law.

The government urged the international community to disregard the planned protests in the UK, characterising the move as a desperate attempt by discredited individuals to circumvent transparency.

At the weekend, Special Adviser to the Minister of Solid Minerals Development, Kehinde Bamigbetan, reacted to the falsehoods sponsored by Jupiter Ltd in a publication titled “Nigeria seizes British Lithium project under armed guard.”

In his response titled: “In Nigeria’s mining sector, the law is no respecter of persons”, Bamgbetan exposed the antics of one Steve Davis and Hamish MacDonald, whose deceitful enterprise in the mining sector eventually met the full weight of the law.

 

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Fire Outbreak Leaves Hundreds Of Traders Stranded At Yaba Market

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A major fire outbreak occurred at a market in the Yaba area of Lagos State in the early hours of Saturday.

The blaze, which reportedly began between 1:00 AM and 3:00 AM, has destroyed several shops and goods worth millions of naira, leaving numerous traders stranded and counting their losses.

Videos circulating on social media showed thick smoke and flames consuming parts of the market, while traders and residents scrambled to salvage belongings.

An eyewitness, Lugar Feliz, livestreaming on TikTok, noted that firefighters were already at the scene and identified the affected area as the Popo section of Yaba Market. Another user, Olamilekan Iyiola (@Olamilekan0932), described the incident as a “terrible fire outbreak in Yaba right now.”

Some residents expressed frustration over emergency response efforts. Adeoluwa (@Okunlola_Jude) reported that shops behind his property were completely destroyed, with losses estimated in the billions of naira. He added, “Fire service headquarters is just 10 minutes away, yet only one truck was brought to the scene.”

Sullex Print and Branding (@SullexBranding) also highlighted equipment challenges, claiming, “Three fire service trucks responded, but only one had water. The fire is currently at Ajibode Street, Yaba.”

As of Saturday morning, the cause of the fire remained unknown. No official statement has been released by the Lagos State Fire and Rescue Service regarding the extent of damage or potential casualties. Firefighting and containment efforts were ongoing, while residents called for enhanced emergency preparedness to prevent further losses.

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11 Dead, 50 Homes Razed In Violent Nasarawa Community Clashes

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The Nasarawa State Police Command has confirmed that 11 people were killed and over 50 houses were burnt following violent clashes between the Akyawa and Udege Kasa communities in the Nasarawa Local Government Area on Friday.

The two warring communities, Akyawa and Udege Kasa, clashed in the early hours of Friday over some disagreements.

In a statement made available to journalists in Lafia, the Nasarawa State capital, on Saturday, the Police Public Relations Officer of the command, SP Ramhan Nansel, explained that the casualties prompted the Commissioner of Police, Shetima Jauro Mohammed, to visit the communities with a view to restoring normalcy.

According to Nansel, during the CP’s visit to the affected communities of Akyawa and Udege Kasa on April 3, 2026, Mohammed expressed deep sorrow over the tragic incident, which claimed the lives of 11 persons and led to the burning of several houses.

He stated that the CP commiserated with the families of the deceased and the entire community, assuring them of the command’s unwavering commitment to ensuring that justice is served.

The PPRO said, “The incident, which occurred in the early hours of the same day, involved hoodlums suspected to have carried out a reprisal attack over the alleged killing of two of their kinsmen.

“In the course of the attack, 11 persons were killed, while about 50 houses were burnt in Akyawa and two houses in Udege Kasa.

“In response, CP Shetima has ordered an intensive manhunt for all perpetrators of the heinous act, directing tactical teams and investigative units to ensure their prompt identification, arrest, and prosecution.”

Nansel noted that in order to prevent any further breakdown of law and order, the CP had also directed the immediate reinforcement and sustained deployment of police personnel, in synergy with the military and the Nigeria Security and Civil Defence Corps, to provide adequate security and restore lasting peace in the area.

“A stakeholders’ meeting was held during the visit, where the CP urged residents to remain calm, law-abiding, and cooperate with security agencies by providing credible information to support ongoing investigations.

“The Command reassures members of the public that normalcy has been restored to the affected communities, while proactive measures are in place to prevent any recurrence of violence,” the statement added.

Meanwhile, there are rumours that the communities came under violent attacks, as suspected Fulani militias, believed to be bandits, reportedly invaded Akyawa and Udege Kasa late Thursday night.

The latest assault, according to local sources, is believed to be a continuation of an earlier violence in nearby Sabon Gida (Gidan Ada Ogiri), where houses, farm produce and other valuable properties were destroyed.

Residents lamented that barely 48 hours after the attack on Sabon Gida, the fresh assault occurred, heightening fears among residents who say no one can predict which community may be targeted next.

Sources expressed concern that the attackers had been sighted moving around neighbouring communities prior to the incident, yet no decisive preventive measures were taken by security authorities.

“It is becoming unbearable. They abduct at will and now invade our entire communities unchecked. People are living in fear and fleeing their homes for safety,” a resident lamented.

Our correspondent gathered that the affected communities, once known for their mining activities and vibrant local economy, have in recent times been severely impacted by recurring insecurity attributed to suspected bandit groups.

Residents are therefore calling on the Nasarawa State Government to act swiftly to contain the situation and prevent further devastation, especially as farmers have begun planting for the new season amid fears of renewed attacks.

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Union Bank Looted: How former directors gambled with billions and nearly destroyed a national bank

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The former directors and owners of Union Bank did not just fail, they engineered a financial disaster. They manipulated reports, hid massive losses, diverted foreign loans and treated depositors’ money like a private wallet.

 

Investigators uncovered billions of dollars in misconduct. These directors buried over ₦250 billion in losses, piled a $300 million foreign loan onto the bank without protection and then forced Union Bank to carry the burden. They even used the bank’s own funds to buy its shares, an outrageous betrayal of trust.

 

It didn’t stop there. Over $100 million was pulled out improperly, leaving the bank exposed and struggling. Loans meant for customers were secretly diverted into shady transactions. False reports were sent to lenders. The system was deliberately deceived.

 

This was not incompetence. It was exploitation.

 

By 2025, their actions had created nearly ₦400 billion in losses and over ₦147 billion in unpaid charges. The bank was on the edge.

 

The Central Bank of Nigeria (CBN) stepped in just in time. Without that intervention, Union Bank could have collapsed, dragging others down with it.

 

Now, the bank is stabilising. But let’s be clear: this recovery is happening in spite of those former directors, not because of them.

 

They didn’t build value. They destroyed it.

 

And Nigerians deserve to never forget who was responsible.

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