General News
UN Sees Jonathan, Buhari Contest as ‘Grave Test’
Mr. Ban Ki-Moon, secretary general of United Nations (UN), has expressed profound concern about the forthcoming Nigerian election, calling the presidential polls between President Goodluck Jonathan and Gen. Muhammadu Buhari (rtd), former head of State, a “grave test.”
And as the two contenders intensify their political campaigns across the country, international attention on the fate of the nation is rising even as the United Nations Security Council received a briefing on next month’s polls.
Ki-Moon, in chat with reporters at the UN Headquarters in New York, said: “We face another grave test as Nigeria readies for its election next month”
This is coming as Mohamed Ibn Chambas, his special representative in West Africa, also explained to the Security Council that the Nigerian general election is taking place in “an increasingly tense pre-electoral environment.”
Both Ki-Moon and Chambas link their worries mainly on the unrelenting Boko Haram insurgency in the Northeastern part of Nigeria.
“Boko Haram has continued its violence, killing Christians and Muslims, kidnapping even more women and children, and destroying churches and mosques. Mayhem has spread across the region, and is now having a direct impact on Cameroun and other countries,” Ki-Moon lamented.
He then urged the terrorists to cease their assault against the nation and the region, calling for the unconditional and immediate release of the Chibok girls abducted in April last year, insisting that the international community will not tolerate impunity, although he did not layout any new means of enforcing that.
“I urge Boko Haram’s leaders to end the destruction of so many lives and communities, and immediately and unconditionally release the kidnapped school girls and boys and all others. The international community cannot let human rights abuses continue with impunity. This is my personal appeal, as a father and grandfather. And as Secretary-General of the United Nations, I will continue to actively explore with member states what more can be done,” he added.
On the same day at another function at the UN the Security Council, which is the body’s highest organ, was also being briefed ahead of next month’s polls by a top official representing the Secretary-General at the Council meeting.
According to the official Ibn Chambas: “About a month from now, Nigerians will go to the polls for the presidential and legislative elections. The general election is taking place against a backdrop of violent insurgency by Boko Haram in the North-east and sectarian conflicts in the North Central and the North West as well as an increasingly tense pre-electoral environment.”
He specifically told the Council, which has Nigeria as a current non-permanent member, that the conduct of polls throughout the states of Borno, Yobe and Adamawa where the insurgency is very active “will present a formidable challenge.”
“The risk of pre-and post-electoral violence requires the international community to engage further with Nigeria, to address its ongoing challenges and to support the holding of credible and peaceful elections throughout the country”, Chambas said.
It is considered rather unusual in the UN diplomatic community here in New York, that a country which is a member of the Council is also now a security concern and subject to the Council.
Chambas continued that the West African region remains vulnerable to insecurity and terrorist threats. He restated the now well-known fact that civilian populations in the three northeastern states of Adamawa, Borno and Yobe have over the past six months “been subjected to intense attacks and systematic human rights violations, including razing civilian settlements, kidnappings, suicide bombings, assassinations,” among others.
He disclosed that the death toll of this vicious violence, most of which has been attributed to Boko Haram, “is staggering, and counter-insurgency measures have failed to provide adequate protection of civilians.”
Regarding the Chibok girls, Chambas told the Security Council that since the abduction of over 200 of those schoolgirls from Chibok (Borno State) the international community has been supporting the Nigerian government’s efforts to address the problem.
He disclosed that the UN Counter-Terrorism Implementation Task Force will hold the first in a series of workshops for law enforcement officials on human rights, the rule of law and prevention of terrorism during the third week ofthis month.
Chambas also reported that in his capacity as the Secretary-General’s High Level Representative to Nigeria, he visited the country in November and December to consult with high level government officials and other stakeholders “with a view to building consensus to face the threat of Boko Haram and to assess the potential of electoral-related violence.”
While the Boko Haram insurgency is deeply rooted in Nigeria, it is increasingly spilling across the borders into Cameroun, Niger and Chad, he observed.
He said more than 300,000 Nigerians have sought refuge in northwestern
Cameroun and southwestern Niger, adding pressure on the local economies in those countries and destabilizing the internal security.
Chambas, who is also the Chairman of the Nigeria-Cameroun Mixed Commission on the issue of Bakassi, said the “insecurity in the Northeast of Nigeria has also seriously impeded the activities of the Cameroun-Nigeria Mixed Commission, in particular, its critical field assessments.”
Nigeria Customs Service (NCS) is set to introduce an electronic declaration system to streamline and enhance compliance for travelers carrying cash into or out of Nigeria.
Speaking in an interview with the News Agency of Nigeria (NAN) in Abuja, Abdullahi Maiwada, NCS spokesperson, emphasized that the initiative aligns with efforts to strengthen Nigeria’s anti-money laundering framework and reinforce financial regulations.
“The Nigeria Customs Service (NCS) has announced the deployment of an Electronic-Currency (E-Currency) declaration form as part of its anti-money laundering measures for travelers carrying cash into and out of Nigeria,” NAN reported. The system will require travelers carrying amounts exceeding the legal threshold to declare them before arrival or departure.
Maiwada further explained the process, stating, “We have developed a system where, even before leaving your point of origin, you can scan a QR code, access the form, fill it out, and we will be able to see it from here.”
He noted that the initiative, set for rollout soon, will enhance monitoring and facilitate information sharing with relevant authorities.
Under the Anti-Money Laundering (Prevention and Prohibition) Act 2022 and the NCS Act 2023, travelers carrying over $10,000 (about N15.4 million) or its equivalent in negotiable instruments must declare the funds to Customs authorities.
To boost awareness, the NCS is working with airline operators to inform travelers through onboard announcements and plans to reinstate signage at airports and border points in English and French.
The move comes as part of broader efforts to tighten financial controls following a recent case at the Murtala Muhammed International Airport (MMIA), where Customs officials seized $578,000 from a passenger attempting to evade currency declaration regulations.
General News
Aquaterra Energy Secures Multi-million-dollar well Intervention Contract with Intrepid Energy in Nigeria
Aquaterra Energy, a leader in offshore engineering solutions, has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria.
Aquaterra Energy’s turnkey well access package will enable IEL to conduct intervention operations across multiple mature oil wells in the region, supporting enhanced reservoir production.
The contract includes the supply of a complete seabed-to-surface intervention system and package, spanning from the subsea tree to surface intervention equipment.
Key components include Aquaterra Energy’s TRT tieback tooling, which provides production bore and annular access, a lightweight well pressure control system, and an ISO 13628-7 qualified open water intervention riser with an integrated tensioning system. In addition to equipment provision, Aquaterra Energy will also deliver ongoing offshore engineering support throughout the project.
The 7- 3/8” lightweight well access solution, has been specifically engineered for deployment from jack-ups and lift boats. This innovative approach offers a cost-effective and operationally efficient alternative to floating vessels, reducing intervention costs while maintaining high safety and performance standards.
Andrew McDowell, Delivery Director at Aquaterra Energy comments: “Our expertise in offshore engineering allows us to develop tailored intervention solutions that address the operational challenges of subsea well access.
This system has been engineered for efficiency, ease of deployment, and safety, helping IEL optimise intervention activities across Nigeria while reducing costs. By delivering a complete, integrated package, we are simplifying complex operations and enabling operators to maximise production potential.”
Engr Seun Alonge, CEO at Intrepid Energy Limited adds: “Working with Aquaterra Energy marks a significant step forward for our intervention operations in Nigeria. Their specialised technology enhances our ability to execute intervention programmes efficiently, maximising performance across our assets.
By combining Aquaterra’s technical expertise with our deep understanding of the local operating environment, we’re confident this collaboration will enhance production outcomes and create lasting value for our operations in the region.”
The project is set to support intervention operations over multiple years, with Aquaterra Energy providing ongoing technical expertise, with a dedicated team of engineers providing ongoing service support throughout the project.
George Morrison, CEO at Aquaterra Energy: “Delivering reliable and efficient well access solutions for shallow water subsea operations is central to how we support offshore operators.
This collaboration with IEL reinforces our commitment to providing cutting-edge engineering solutions that enhance efficiency and reduce operational costs. With West Africa playing an important role in the global energy sector, we’re proud to continue supporting its offshore industry with our expertise and innovative technologies.”
Federal government has temporarily suspended the controversial annual dues imposed on public interest enterprises by the Financial Reporting Council (FRC) after fierce opposition from businesses.
Jumoke Oduwole, minister, Industry, Trade, and Investment, announced the decision during a Ministerial Consultative Meeting in Abuja on Wednesday.
The move follows mounting pressure from private sector groups, including the Nigeria Employers’ Consultative Association (NECA) and the Manufacturers Association of Nigeria (MAN), who slammed the Financial Reporting Council (Amendment) Act 2023 for burdening companies with excessive fees.
The Act mandates cumulative annual charges for non-listed entities and imposes a harsh 10% monthly penalty on unpaid dues, compounding until full payment, a provision that sparked widespread backlash.
At the meeting, major industry players like NECA, MAN, the Nigerian Association of Chambers of Commerce (NACCIMA), oil producers, and telecom operators warned that the fees would cripple businesses already struggling in a tough economy.
Oduwole clarified the suspension, stating, “The government has decided to direct the Financial Reporting Council to pause in the implementation of the new annual dues. You know that I am a lawyer, and a suspension request by the organised private sector would be in contravention of legislation duly passed by the National Assembly. A pause is an administrative process simply to review, in line with what we discussed today.”
She assured stakeholders that the halt would last no longer than 60 days, with a technical working group—including FRC officials and private sector representatives—set up to reassess the policy.
“We are a listening administration. The private sector has requested a range from three months to an indefinite suspension. We are not going to do that. So, at the most, 60 days is in my estimate. We are going to set up a technical working group comprised of the FRC and the organised private sector who have formally written in, and this will be reviewed,” Oduwole emphasized.
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