Buhari to world leaders: Reject coups in West Africa - Newstrends
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Buhari to world leaders: Reject coups in West Africa

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President Muhammadu Buhari yesterday tasked the international community to stand up against the recent trend of power hijack by the military in some African countries.

President Buhari, who spoke at the 76th Session of the United Nations’ General Assembly in New York, the United States of America (USA), warned that rising cases of coup in West Africa were eroding the democratic gains of the past decades.

According to the President, the unconstitutional takeover of power had sometimes been in reaction to unilateral change of constitution by some leaders, admonishing those elected to lead countries to reject the temptation of staying beyond their constitutional term of office.

He affirmed Nigeria’s support of efforts by ECOWAS, AU and the UN to address this growing challenge, saying “as leaders of our individual member states, we need to adhere to the constitutional provisions of our countries, particularly on term limits. This is one area that generates crisis and political tension in our sub-region.”

The President urged the international community not only to deal with the symptoms of conflict but also the immediate causes that fuel conflicts in the first place.

“These include poor and undemocratic governance, human rights abuses, poverty, ignorance, injustice and inequalities.

“There are no easy solutions to these conditions. They require long term investments and more effective international cooperation.

“In this connection, my delegation underscores the importance of promoting peaceful, unfettered, and inclusive participation of states in global actions towards conflict prevention.

“This will facilitate the achievement of the 2030 Agenda for Sustainable Development and the African Union Agenda 2063,” he said.

The President’s speech, delivered from the podium of the General Assembly hall, addressed other matters on the international agenda of interest to Nigeria, including the COVID-19 pandemic, Arms Trade Treaty, climate change, terrorism, anti-corruption, debt suspension, international trade, UN Security Council Reform, Palestinian Question and racial discrimination, among others.

On international trade, President Buhari called for reforms that will engender recovery from the COVID-19 crisis, build resilience to future shocks and pursue transformative development strategies that can deliver the 2030 Sustainable Development Goals.

He said: “Nigeria reaffirms that international trade is an engine for development and sustained economic growth, as well as the global eradication of poverty.

‘‘My delegation would like to reaffirm the critical role that a universal, rules-based, open, non-discriminatory and equitable multilateral trading system can play in stimulating economic growth and development.

‘‘Fair and equitable trade would eventually eliminate the need for aid.

‘‘My country and indeed all African countries do not intend to stay indefinitely looking for aid. All we need is a fair and equitable system of international trade.”

On the issue of debt in the wake of the COVID-19 pandemic, the Nigerian leader urged G20 countries to extend its debt suspension initiatives to all developing countries, least developed countries, small island developing states facing fiscal and liquidity challenges.

The President also called for outright debt cancellation for countries facing the most severe challenges.

“Developing countries have been faced with unsustainable debt burdens even before the pandemic.

“The COVID-19 pandemic has increased the risk of new wave of deepening debt, where vital public financial resources are allocated to external debt servicing and repayments at the expense of domestic health and financing for critical developmental needs.

“I must commend the current initiatives by the international financial institutions and the G20 aimed at significantly mitigating the economic situation of the indebted countries and urge for more efforts in this regard.

“Therefore, there is an urgent need to consider expansion and extension of the Debt Service Suspension Initiative to include all Developing, Least Developed Countries and Small Island Developing States facing fiscal and liquidity challenges.

“In addition, a review of the eligibility criteria for debt suspension, including outright cancellation, is needed for countries facing the most severe challenges.’’

The President also used the occasion of the speech to renew his advocacy for equitable distribution of COVID-19 vaccines, outlining steps Nigeria has taken to achieve “moderate success” in containing the virus and halt its deadly onslaught in the country.

“Nigeria remains grateful for the assistance received from our partners and friends all over the world.

‘‘Vaccination is the key to our safe emergence from the pandemic.

“We fully support the COVAX initiative from which we have benefitted. We also thank the United States of America, Turkey, India, China, European Union and others for the vaccines provided.

‘‘Despite the acknowledgement, however, I would like to reiterate my call for a fairer and more equitable distribution of vaccines to all countries so that, together, we can fight and contain the pandemic.

“The rising wave of newer and more contagious strains makes this even more urgent. No country can afford the socio-economic implications of prolonged shutdown. It is imperative to underscore that no one is safe until everyone is safe.’’

On Nigeria’s intervention to halt the pandemic, the President said: ‘‘At the outset, we recognised detection and contact tracing to be important tools in combating the virus.

‘‘In this connection, from a mere four laboratories with testing and detection capacities, we ramped up the facilities to over 140 centres today.

‘‘Similarly, we built isolation centres and emergency hospital wards in record time all over the country. We carry out genomic sequencing in designated laboratories across the country with a view to detecting variants in circulation.

‘‘In addition, over 40,000 health care workers have recently been trained on Infection, Prevention and Control measures with the support of various partners.

‘‘Through the Nigerian Centre for Disease Control, we have established 16 infectious disease treatment centres located within our Teaching Hospitals and Federal Medical Centres.’’

On the fight against terrorism, the President told the UN General Assembly that the Nigerian security forces have recorded considerable success.

‘‘As a result of the renewed vigour of Nigeria’s military, many terrorist fighters are voluntarily surrendering to our security forces,’’ he said.

The President noted that while terrorism continues to dominate security discourse worldwide, in Nigeria, the Boko Haram terrorists group, though fragmented by internal strife and weakened by our defence forces, is still active and preying on soft targets.

‘‘Nigeria will continue to work closely with UN Counter-Terrorism bodies and entities with a view to bringing this scourge to an end, ’’ he said, adding that the country would spare no effort in addressing the challenges of terrorism posed by the activities of Boko Haram in North-East Nigeria and the Lake Chad region, as well as banditry in the North-West and North-Central Nigeria.

‘‘I and three other Nigerian Heads of State served actively as peace keepers and Nigeria continues to support peacekeeping efforts. We know the sacrifice involved; we also know how important peacekeeping is for those in vulnerable situations.

‘‘Nigeria will continue to play its part fully in supporting United Nations peacekeeping operations within Africa and beyond,’’ he said.

The Nigerian leader also renewed the call for the reforms of the UN Security Council, stressing that intergovernmental negotiations on the issue was taking too long.

‘‘No reform of the United Nations system is more urgent than that of the Security Council. Stakeholders around the world are asking how such power could be concentrated, with scant representation.

‘‘The intergovernmental negotiations have taken too long, some 15 years.

‘‘We must avoid going in circles. Consensus has been achieved in some of the elements of this reform, especially that of the representation of Africa on the basis of the Elzuwini consensus and the Sirte Declaration.

‘‘It is unreasonable to expect unanimity in this matter. The issue, indeed, is about justice, not unanimity. Without justice, the legitimacy (even efficacy) of our Organisation is called to question.

‘‘We can and must make substantial, irreversible progress on Security Council reform in the current session,’’ he said.

On the Palestinian question, the President encouraged Israel and Palestine to re-engage in dialogue based on relevant UN resolutions and Initiatives.

‘‘The two-state solution has the support of the international community and is widely acknowledged as the path to lasting peace,’’ he said.

President Buhari expressed deep concern at the devastating effects of small arms and weapons, calling for accountability in conventional arms trade.

“Nigeria remains deeply concerned over the illicit trade, transfer, and circulation of small arms and light weapons. Their excessive accumulation and uncontrolled spread in many regions of the world are having devastating humanitarian and socio-economic consequences, especially on the continent of Africa.

“It is on this note that my delegation calls for the worldwide application of the Arms Trade Treaty to codify accountability in conventional arms trade, which is critical to the security of nations. This is in recognition of the need for a broad-based global partnership in the ongoing battle against trans-border crimes, including terrorism and piracy.”

President Buhari concluded his UN speech at the 76th annual general debate with praise for the outgoing German Chancellor Angela Merkel.

He also pledged Nigeria’s unalloyed support for multilateralism and faith in the UN as the pre-eminent body for solving current and emerging global challenges.

‘‘Our organisation is at the peak of the multilateral system.

‘‘It is also the pre-eminent body for solving our current and emerging challenges, and for developing norms that are protective of us all. We need to re-commit to it, rejuvenate it to better serve us.

‘‘Nigeria re-affirms its faith in the United Nations and is further resolved to continue to work with all Member-States for peace and security, development and the protection of human rights.

‘‘In the current moment, hope for these, is dependent on how we assist each other to get Covid-19 out of all countries, regardless of their classification. We can and must do so.

‘‘In this regard, let me close my statement by paying special tribute to a great and humane internationalist, and an exemplary practitioner of multilateral cooperation. I am speaking of Chancellor Angela Merkel of the Federal Republic of Germany. As she exits the stage, we wish her well,’’ he said.

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Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

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Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate
Social Media Influencer Afolabi Kazeem Michael, popularly known as KC Luxury
Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

The Federal High Court in Lagos has rejected the bail application of Nigerian businessman and social media influencer Afolabi Kazeem Michael, popularly known as KC Luxury, over alleged cocaine trafficking and money laundering, ruling that the defence failed to provide sufficient medical evidence to justify his release.

Justice Musa Kakaki delivered the ruling on Wednesday, October 28, 2026, holding that the application lacked the necessary medical certificate to establish special circumstances warranting bail on health grounds.

“There is no medical certificate to warrant the court to grant him bail,” the judge said.

He added that a defendant claiming to require special medical attention should provide an expert assessment explaining the condition and the need for the requested treatment.

KC Luxury’s lawyer, Emefo Etudo, had asked the court to release his client so he could receive specialised treatment at the Lagos University Teaching Hospital (LUTH). The defence argued that his health had deteriorated and that he required medical attention beyond what was available at the facility where he was being held.

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The application followed concerns about the defendant’s health after he was brought to the court premises in an ambulance on October 23 while receiving oxygen.

During that proceeding, a nurse attached to the Police Hospital in Falomo, Lagos, told the court that KC Luxury had been admitted on October 7 and diagnosed with asthma and sepsis.

The nurse said the defendant remained inside the ambulance because he was receiving oxygen and could not safely be moved into the courtroom.

The defence also alleged that KC Luxury had suffered a collapsed lung and needed specialist care. However, the prosecution opposed the bail request, arguing that the medical evidence did not establish that his condition could not be managed while in custody.

In his ruling, Justice Kakaki reviewed the medical exhibits submitted by the defence but held that they did not sufficiently establish the special circumstances required to grant bail.

The judge also noted that the defence had failed to demonstrate a material change in circumstances that would justify reconsidering the application.

He questioned the argument that KC Luxury needed treatment at LUTH without sufficient evidence showing that the hospital or other available medical facilities could not adequately manage his condition.

Despite refusing bail, the court directed officials of the Ikoyi Custodial Centre to ensure that the defendant had unrestricted access to doctors and medical specialists for examination and treatment.

The judge also ordered an accelerated hearing of the case and adjourned proceedings until November 2, 2026, for the commencement of trial.

KC Luxury is standing trial alongside Boniface Freeman Ochoche Sule and Ikechukwu Ekugo Patriarch on a 22-count charge filed by the National Drug Law Enforcement Agency (NDLEA).

The charges include allegations of conspiring to export 184.5 kilogrammes of cocaine to the United Kingdom and money laundering. The defendants have pleaded not guilty.

According to the NDLEA, the cocaine was intercepted at a courier facility in Lagos before it could be exported. The agency also accused the defendants of involvement in financial transactions and asset acquisitions allegedly connected to the suspected drug operation.

The defendants have yet to be convicted, and the allegations remain before the court.

The latest ruling means KC Luxury will remain in custody while the criminal proceedings continue, with the court directing that his medical needs be addressed during detention.

Cocaine Trafficking: Court Denies KC Luxury Bail Over Missing Medical Certificate

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After AfDB Tenure, Adesina Offers to Help Tinubu Drive Nigeria’s Growth

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After AfDB Tenure, Adesina Offers to Help Tinubu Drive Nigeria’s Growth
Former President of the African Development Bank (AfDB), Akinwumi Adesina and President Bola Ahmed Tinubu
After AfDB Tenure, Adesina Offers to Help Tinubu Drive Nigeria’s Growth

Former President of the African Development Bank (AfDB), Akinwumi Adesina, has declared his readiness to contribute to Nigeria’s development in any capacity deemed appropriate by President Bola Ahmed Tinubu, while clarifying that he is not seeking a government appointment.

Adesina made the declaration on Tuesday after meeting Tinubu at the Presidential Villa in Abuja, where he briefed the President on his 10-year tenure at the continental development finance institution and its financial support for Nigeria.

The former AfDB president said his willingness to serve was motivated by patriotism and a sense of responsibility to his country, rather than a desire to secure a political position.

“I’m fully able to help Nigeria in any capacity. I’ve always had that. My heart is always at home,” he told journalists after the meeting.

He added that he was prepared to contribute wherever the President considered his experience and expertise useful.

“In any capacity that His Excellency feels I can help, I can help in anything. I’m not looking for a job. I’m not looking for anything. I’m just here to help,” Adesina said.

“It’s my country. I have a duty, an obligation and a responsibility to do so, and I will.”

Adesina briefs Tinubu on AfDB achievements

Adesina explained that the visit was an opportunity to formally inform Tinubu that he had completed his two terms as AfDB president and to present an account of the bank’s achievements during his leadership.

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He said the bank provided approximately $7 billion in financing to Nigeria between 2015 and 2025, compared with total financing of $11.1 billion since it began operations in Nigeria in 1971.

According to him, the financing provided during his decade at the helm represented approximately 63 per cent of the bank’s cumulative support to Nigeria over the period.

Adesina said Tinubu expressed satisfaction with the bank’s contributions and the projects supported during his tenure.

The former Nigerian minister of agriculture led the AfDB from 2015 until September 2025, completing two terms as the institution’s president. He was the first Nigerian to occupy the position.

Adesina commends Tinubu’s economic reforms

During the meeting, Adesina also commended Tinubu’s economic reforms, particularly the removal of the petrol subsidy and the harmonisation of foreign exchange windows.

He described the measures as difficult but important decisions, arguing that they were beginning to produce results in some areas of the economy.

According to him, foreign exchange availability had improved, portfolio investors were returning to the country, and inflation was trending downwards.

However, he acknowledged that prices remained high, meaning many Nigerians continued to face pressure from the cost of living.

Adesina also cited improved assessments from some international credit-rating agencies, which he said reflected changing perceptions of Nigeria’s economic outlook.

Despite these developments, he cautioned that economic stabilisation was only the beginning of a broader transformation process.

“You have to also now move from the issue of the reforms and stabilisation straight into structural transformation and also growth and prosperity,” he said.

He argued that Nigeria must now focus on translating economic reforms into stronger productivity, expanded economic opportunities and improved living standards.

Former AfDB chief urges focus on growth and prosperity

Adesina’s remarks place emphasis on the need to move beyond macroeconomic adjustments towards policies that deliver tangible benefits for households and businesses.

His comments come amid continuing debate over the impact of the Tinubu administration’s reforms, including the removal of fuel subsidies and changes to the foreign exchange market.

While the government has defended the measures as necessary to stabilise public finances and improve economic efficiency, higher living costs have remained a concern for many Nigerians.

Adesina did not announce any specific government role he was prepared to take up, and the Presidency did not announce an appointment following the meeting.

Instead, the former AfDB president reiterated his willingness to contribute his experience in development finance, agriculture and economic transformation whenever the President considered his services necessary.

After AfDB Tenure, Adesina Offers to Help Tinubu Drive Nigeria’s Growth

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Why Nigeria Needs Fresh $21.7bn Loan Despite Rising Debt Burden – Finance Minister

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Why Nigeria Needs Fresh $21.7bn Loan Despite Rising Debt Burden – Finance Minister
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele

Why Nigeria Needs Fresh $21.7bn Loan Despite Rising Debt Burden – Finance Minister

The Federal Government has defended its plan to secure about $21.7 billion in fresh external loans, saying additional financing is needed to bridge Nigeria’s infrastructure funding gap, support economic growth and finance critical development projects across the country.

The proposed borrowing plan, covering 2026 and 2027, comprises $20.52 billion and €1.045 billion, equivalent to approximately $21.7 billion.

President Bola Ahmed Tinubu submitted the request to the National Assembly, arguing that Nigeria requires substantial investment to address infrastructure shortages and sustain economic development.

The proposed facilities would support projects and programmes in power, transportation, healthcare, education, agriculture, water supply, security and employment generation, as well as reforms to public financial management.

According to the President, the projects underwent technical and economic evaluations and are expected to create jobs, promote skills acquisition and entrepreneurship, reduce poverty and strengthen food security.

He said external borrowing had become necessary because the financial resources required to close Nigeria’s infrastructure deficit exceeded what the government could adequately provide from existing funding sources.

The request is subject to legislative approval and has not yet received final authorisation.

Why the government says Nigeria needs more loans

The administration’s main argument is that inadequate infrastructure continues to constrain productivity, investment and economic growth. It maintains that borrowing can provide the capital needed to finance projects that would otherwise face funding delays.

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Electricity, transport networks, healthcare facilities, education and water infrastructure are among the sectors expected to benefit from the proposed financing.

The government also argues that investment in these areas could stimulate economic activities, improve access to essential services and generate employment across the 36 states and the Federal Capital Territory.

However, the economic benefits will depend on whether the projects are completed on schedule, remain within budget and deliver returns sufficient to justify their financing costs.

Nigeria’s debt profile raises concerns

The proposed borrowing comes amid growing scrutiny of the country’s public debt.

Figures from the Debt Management Office show that Nigeria’s total public debt stood at ₦166.79 trillion at the end of June 2026, compared with ₦87.38 trillion in June 2023.

The increase has intensified debate over the government’s borrowing strategy, although the rise in the naira value of external debt has also been influenced by exchange-rate depreciation.

If the proposed facilities are fully approved and disbursed, they would add to Nigeria’s existing obligations, with the eventual impact depending on exchange rates, repayment terms and other changes in the debt stock.

Economists and business groups have therefore called for greater transparency about the individual projects to be financed, their costs, expected returns and repayment arrangements.

The Association of Small Business Owners of Nigeria has warned that new borrowing should be tied to projects capable of generating measurable economic benefits, including jobs, productivity and government revenue.

Questions over previous borrowing

The latest request has also prompted questions about the implementation of projects funded by earlier loans and the government’s outstanding obligations to contractors.

Senator Victor Umeh, who represents Anambra Central, questioned why contractors executing capital projects were still awaiting payment despite previous legislative approvals for borrowing.

He argued that the government needed to demonstrate how earlier facilities had been used and explain why budgeted projects remained underfunded.

Former Vice-President Atiku Abubakar, the presidential candidate of the African Democratic Congress, also urged the National Assembly to suspend consideration of the request until the government provides comprehensive information about the projects, contractors, costs, loan terms and repayment obligations.

The concerns centre on whether additional borrowing will produce sufficient economic returns or increase the pressure on public finances without delivering commensurate development benefits.

National Assembly to scrutinise request

The President’s proposal has been referred to the relevant National Assembly committees for consideration.

The legislative review is expected to examine the proposed facilities and their intended uses before lawmakers decide whether to approve the request.

The government maintains that the financing is necessary to address infrastructure shortages and support development, while critics insist that the administration must demonstrate the value of previous loans and provide clearer details of the new projects.

Ultimately, the justification for the proposed $21.7 billion borrowing plan will depend not only on the infrastructure needs identified by the government but also on the terms of the loans, the transparency of project selection, the effectiveness of implementation and Nigeria’s ability to meet its repayment obligations.

Why Nigeria Needs Fresh $21.7bn Loan Despite Rising Debt Burden – Finance Minister

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