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Tinubu, German Chancellor, Scholz Meet On Investment In Power, Rail Transportation Sectors

Published

2 years ago

November 20, 2023

President Bola Tinubu, on the sidelines of the G20 Compact with Africa Economic Conference on Monday, met with German Federal Chancellor, Olaf Scholz, where he noted that Nigeria’s determined pursuit of German investment in targeted sectors of the Nigerian economy was focused on critical growth-enabling industries in energy, transportation, and electric power production, transmission, and distribution.

Recognizing the success of Siemens AG in positively transforming the quantity and quality of Egyptian electric power supply, the President noted that under his leadership, the staggered and unsteady implementation of the Siemens-supported Presidential Power Initiative (PPI) would take on new urgency with a more deliberate process of project execution, even as he recognized the need to embrace Siemens technology in all aspects of the project for project sustainability.

President Tinubu in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, was quoted as saying, “For me, I am very much committed to pursuing all aspects of the Siemens Power project and the skill development opportunities that will emerge from that project for our talented youths who can participate in sustaining the industry,” the President affirmed.

Aware of the new 2,000km ultra high-speed rail network which Siemens is presently constructing across 60 cities in Egypt at the speed of 230km/hour, the President further expressed his keen interest in the role Siemens can play in modernizing and expanding Nigeria’s rail network with the provision of ultra-modern trains and railways which can more than double the speed of existing 100km/hour standard-gauge systems presently operating in Nigeria.

To this, the German Chancellor expressed readiness but with an acknowledgment of the need to resolve administrative and financial hurdles brought about by governance problems emanating from prior administration in the sector.

“I know that there is a lot of work that has been done. There is already a big production of electricity in Nigeria, but it is not getting to the population. Of course, this has to do with the need for a provision of stations and infrastructure on the grid.

“Siemens has developed the plan and is ready to deepen implementation, but it is now up to your new government to take the follow-up action that you are now committed to taking. On the railway plans, Siemens will be very happy to do this when more progress is made on the power project which has been started already,” the German Chancellor said.

President Tinubu drew the attention of the German leader to the need for his business community to focus their attention on value-additive processing in Nigerian solid minerals, agricultural goods, automobile production, and other job-creating sub-sectors of the economy.

“Everything the world requires in terms of business environment reforms are underway in Nigeria. Perhaps our foreign investors are still a bit paranoid that those old Nigerian issues are intractable. But my track record speaks for itself. I have transformed an entity before now. I am here to do it again, and I will,” the President stated.

The German Chancellor nodded in agreement and said, “There is nothing too unique on the growth of China. It came down to a lot of investment from overseas that leveraged on cheap and skilled labour with adequate internal infrastructure and shipping infrastructure for imports and exports to flow easily. These things are possible in Nigeria. You even have abundant natural resources. Step by step, it is achievable, Mr. President.”

The two leaders of the largest economies in Africa and Europe, respectively, agreed to deepen collaboration on the utilization of advanced biometric systems and border control technology to check irregular migration, even as the two leaders agreed that investments in labour-intensive industries will go a long way toward resolving the root causes of the problem.

President Tinubu later exchanged views with the German Head of State and Federal President, Frank-Walter Steinmeier, before attending the Compact with Africa Summit of Heads of State and Government.

Headline

Nigerian Man Pleads Guilty In US To $405,000 Romance Scam Against American Women

Published

2 days ago

August 30, 2025

Editor

A40-year-old Nigerian man, Daniel Chima Inweregbu, has pleaded guilty in the United States to charges of conspiracy to commit mail and wire fraud, as well as money laundering, in connection with a romance scam that defrauded American women of more than $405,000.

The United States Attorney’s Office for the Eastern District of Louisiana, in a statement on Thursday, said Inweregbu and his co-conspirators ran the scheme between July 2017 and December 2018, using a fake online persona named “Larry Pham” to lure victims on dating sites and social media targeting US citizens.

Acting U.S. Attorney Michael M. Simpson said that Inweregbu, described as a citizen of Lagos, Nigeria, pleaded guilty on August 21, 2025 before United States District Judge Nanette Jolivette Brown to two of the counts pending against him.

The counts which include conspiracy to commit mail fraud, wire fraud, and using an assumed name to commit a mail fraud scheme, Attorney Simpson said were in violation of Title 18, United States Code, Sections 1341, 1342, 1343 and 1349 (Count 1), and conspiracy to commit money laundering, in violation of Title 18, United States Code, in violation of Title 18, United States Code, Sections 1956(a)(1)(B)(i), 1957, and 1956(h) (Count 12). INWEREGBU’s plea stemmed from his role in a lengthy romance scam targeting American citizens.

According to court documents, a “romance scam” was a confidence scheme in which the perpetrator feigned romantic intentions towards a victim, gained their affection, and used the victim’s goodwill to commit fraud.

“These fraudulent acts might involve such acts as obtaining access to the victim’s money, bank accounts, credit cards, passports, e-mail accounts, or national identification numbers; convincing the victim to transmit things of value to the perpetrator or his witting or unwitting co-conspirators; or inducing the victim to, unintentionally, commit or participate in the commission of financial fraud against third parties on behalf of the perpetrator,” the statement read.

It added, “Between at least July 1, 2017, and December 16, 2018, Inweregbu, and his co-conspirators, devised and operated a “romance scam” whereby they sought to obtain money and property from multiple American women, including 4 victims, by means of false and fraudulent representations and promises.

“Specifically, Inweregbu and his co-conspirators created profiles on social media and online dating sites using the alias “Larry Pham,” purportedly a middle-aged male, to attract middle-aged female victims.

“The co-conspirators, including Inweregbu, used online messaging platforms and email, to contact victims, introduce themselves, and appeal to victims’ longing for companionship. If the victim responded favorably, Inweregbu and his co-conspirators began to cultivate a romantic relationship that emotionally attached the victims to “Larry Pham.”

“Once the relationship was established, the defendant and his co-conspirators, posing as Larry Pham, requested victims send them money under various scams and ruses to domestic bank accounts they opened and managed. Inweregbu’s scheme resulted in actual and intended losses to the victims of over $405,000.

“Thereafter, Inweregbu and his co-conspirators laundered the funds, by conducting financial transactions using the proceeds of their wire and mail fraud scheme, designed in whole or in part to conceal and disguise the nature, location, source, ownership, and control of the proceeds, by directing the victims’ funds through intermediaries.

“Inweregbu faces up to twenty years in prison, up to three years of supervised release, and up to a fine of $250,000 as to Count 1. He faces up to twenty years in prison, up to three years of supervised release, and up to a fine of $500,000 as to Count 12. He also faces payment of a $100 mandatory special assessment fee per count. Sentencing before Judge Brown has been scheduled for December 4, 2025,” the partly read.

Acting U.S. Attorney Simpson, according to the statement praised the work of the Federal Bureau of Investigation in investigating this matter and expressed appreciation for the great support provided by United States Department of Justice Office of International Affairs and the United States Department of State.

“Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, is in charge of the prosecution,” the statement noted.

Headline

UK Bars Over 100 Job Roles From Foreign Recruitment To Curb Migration

Published

2 days ago

August 30, 2025

Editor

The British government has unveiled major immigration reforms, blocking foreign workers from filling more than 100 job categories in a move aimed at reducing net migration.

The Home Office, in a statement posted on X Saturday morning, said the decision was geared towards creating more opportunities for local citizens while restructuring the visa regime.

“Cutting net migration means getting the fundamentals right.

“More than 100 occupations are no longer eligible for overseas recruitment – opening up more jobs for British workers. A fairer, skills-focused system is now taking shape,” the Home Office stated.

This policy marks the latest immigration clampdown under Prime Minister Sir Keir Starmer, who assumed office on July 5, 2024, after Labour’s sweeping election win that ended Rishi Sunak’s tenure.

However, the measure has drawn criticism, with opponents warning it could deepen staffing shortages in critical sectors such as healthcare and social services.

The Home Office has not yet published the full list of restricted occupations.

Headline

PM Killed In Israeli Strike, Say Yemen’s Huthis

Published

2 days ago

August 30, 2025

Editor

The prime minister of Yemen’s Huthis was killed in an Israeli airstrike along with other officials earlier this week, the Iran-backed rebels announced on Saturday.

Ahmed Ghaleb Nasser Al-Rahawi, who was appointed last year, is the most senior official known to have been killed in a series of Israeli strikes during the war in Gaza.

“We announce the martyrdom of the fighter Ahmed Ghaleb Nasser Al-Rahawi… along with several of his ministerial colleagues, as they were targeted by the treacherous Israeli criminal enemy,” a Huthi statement said.

“Others among their companions were injured with moderate to serious wounds and are receiving medical care since Thursday afternoon,” it added.

The Israeli military struck in the area of Sanaa, the Huthi-held capital, on Thursday. The Huthis, claiming solidarity with the Palestinians, have frequently fired missiles and drones at Israel during the Gaza war.

Israeli forces “struck a Huthi terrorist regime military target”, the Israeli military said at the time.

The Huthis have also targeted shipping in the Red Sea and the Gulf of Aden, which they claim is linked to Israel during the Gaza war.

The rebel group controls large parts of Yemen, which has been gripped by war since 2014, and is part of Iran’s anti-Israel alliance alongside militant groups across much of the Middle East.