Unlocking cross-continental business opportunities to drive Africa’s transformation

HOW will a transformed Africa look? I often find myself pondering the potential of this great continent-envisioning a redefined narrative, shifting from underdevelopment and dependency to one of innovation, integration, and global influence. Perhaps it will be economically integrated and self-reliant, trading more with itself and then the outside world. An energy powerhouse, with Pan-African renewable energy corridors powering industries, hospitals, homes, and schools. A fully digital Africa, with youth-driven innovation hubs rivaling Silicon Valley, solving African problems with African solutions. In this Africa, poverty will have drastically declined and inequality narrowed. Women and youth (who form the backbone of Africa’s labour force) will be central to economic growth. Our SMEs, which account for more than 80% of employment, will thrive alongside multinational corporations. Education systems will produce not just job-seekers but innovators, creators, and global leaders.

I am convinced that central to Africa’s transformation is unlocking cross-continental opportunities beyond trade alone. A key tool in realising this ambition is the African Continental Free Trade Area (AfCFTA)-a platform to reimagine Africa’s place in global markets. By number of participating countries, AfCFTA is the largest free trade area in the world, bringing together 54 of the 55 African Union (AU) member states. By landmass and participation, no other agreement is as extensive. Collectively, AfCFTA covers a market of about 1.4 billion people with a combined GDP of over $3.4 trillion. Its ambition is to eliminate tariffs on up to 90% of goods, reduce trade barriers, and open a truly continental market. The question is: how do we unlock this potential? Beyond trading goods, unlocking cross-continental business opportunities requires more than treaties and ambition. African governments must harmonise regulations, improve infrastructure, support the building of skills and create enabling environments for businesses to thrive. Currently, operating across Africa means navigating a patchwork of regulatory regimes, tax systems, and compliance requirements. Building resilient governance frameworks, standardising internal controls, and ensuring compliance with IFRS and country-specific tax codes are essential to avoid penalties, reputational risks, and operational disruptions.

Yet harmonisation under AfCFTA will not eliminate complexity overnight. Finance leaders must anticipate regulatory lag and proactively engage with policymakers to shape investor-friendly environments. Ensuring governance and regulatory certainty is therefore critical. Implementing predictable, transparent rules that reduce entry and operating costs, adopting rules of origin, mutual recognition of standards, and digital customs (such as e-certificates and risk-based inspections) are urgent, practical actions that we can apply to reimagine Africa’s global trade position. Africa’s digital economy, projected to reach $712 billion by 2050, is also reshaping how people connect, work, and do business. Pan-African fintechs, e-commerce platforms, and digital service providers already demonstrate how cross-border collaboration can leapfrog traditional development hurdles. The rise of digital payments, fintech platforms, and blockchain-enabled trade creates enormous opportunity-but only if backed by robust governance, sound risk management, strong cybersecurity, and ethical standards. This ensures businesses can scale with integrity.

At the heart of this transformation are accountants and finance leaders. Their roles extend far beyond number-crunching: they are the architects of trust, the stewards of capital, and the strategic partners who can unlock the opportunities of cross-continental business integration. By mobilising capital, strengthening financial reporting, improving transparency, and aligning business strategies with international standards such as ESG (Environmental, Social, and Governance) frameworks, finance professionals foster investor trust and make Africa an attractive destination for global capital.

With AfCFTA opening access to a $3.4 trillion market, accountants and CFOs are uniquely positioned to translate opportunity into tangible growth. By ensuring compliance with evolving regulations, navigating complex tax regimes, and designing financial systems that support cross-border transactions, they reduce risks of expansion and give businesses the confidence to operate seamlessly across Africa. For decades, Africa’s transformation has relied heavily on bold visions and political will. Now is the time to translate these ambitions into sustainable financial outcomes-shifting from fragmented markets to an integrated economic powerhouse that competes globally and delivers shared prosperity. In one of our reports – Journey to AU2063 : professional accountants empowering the AfCFTA agreement, we analyse the critical role of professional accountants in the operationalisation of the AfCFTA agreement. A deep dive into the current state of trade in Africa highlights the critical barriers to intra-continental trade and realising the objectives of the AfCFTA. The findings in this report cut across financial and non-financial barriers and the critical steps and competencies that finance professionals need to overcome them.

The accountancy and finance profession, acting as a super-connector is poised to play a critical role in building resilient and sustainable businesses and economies, developing future talent, advancing standards and regulations, transforming the public sector and supporting entrepreneurial growth while strengthening ethical rules. As we gear up for the Africa ACCA Members Convention in December 2025, to be held in Kenya, one of the key agendas is to lead conversations that define and demonstrate the key role of the profession in bringing the aspirations of AU2063 to life. We will explore and evaluate the challenges and impact of operationalising the AfCFTA, in view of the critical role accounting and finance professionals play in enabling its full implementation. Under AfCFTA, Africa’s economic integration represents both an immense opportunity and a formidable challenge. For CFOs and finance professionals, the task ahead is clear: design and execute financial strategies that enable scale across borders, de-risk investments, enhance transparency, and attract capital at the level Africa’s ambitions demand.

Eating more fruits protects lungs against air pollution – study

Experts, in a new study, reported that eating more fruit could help protect lungs from air pollution damage, particularly in women.

In the study, presented at the European Respiratory Society Congress in Amsterdam, the Netherlands, they declared that fruit may act as a natural shield against air pollution’s harmful effects on the lungs.

The beneficial effects were most noticeable in women who ate four or more portions of fruit a day.

Air pollution from tiny particles in the air comes from car exhaust, factories, and other sources. It is linked to breathing problems, asthma, COPD, and even heart disease.

Over 90% of the global population is exposed to air pollution levels that exceed WHO guidelines, and ample research shows that exposure to higher air pollution levels is associated with reduced lung function.

Separately, a healthy diet – particularly one high in fruits and vegetables – has been linked to better lung function.

Using UK Biobank data from around 200,000 participants, Kaewsri compared people’s dietary patterns – including their fruit, vegetable and whole grain intake – with their lung function (FEV1 – the amount of air exhaled in one second) and their exposure to air pollution in the form of fine particulate matter (PM2.5).

PM2.5 concentration is the amount of very tiny particles, 2.5 micrometres or smaller, released into the air, for example, by vehicle exhaust and industrial processes.

Additionally, exposure to fine particulate matter from sources such as industrial processes and vehicle exhaust was taken into account by the researchers. Socioeconomic position, age, and height were also taken into account.

The researchers found that women in the low fruit consumption group inhaled 78.1 ml less air per second for every five microgrammes of PM2.5 exposure, while women in the high fruit intake group only saw a 57.5 ml decrease.

Pimpika Kaewsri, a PhD student from the Centre for Environmental Health and Sustainability at the University of Leicester, UK, who presented the report of the study, said that a healthy diet is linked to better lung function in both men and women, regardless of air pollution exposure.

According to Kaewsri, ‘And those women who consumed four portions of fruit per day or more appeared to have smaller reductions in lung function associated with air pollution, compared to those who consumed less fruit.’

‘This may be partly explained by the antioxidant and anti-inflammatory compounds naturally present in fruit. These compounds could help mitigate oxidative stress and inflammation caused by fine particles, potentially offsetting some of the harmful effects of air pollution on lung function.’

Kaewsri also noted that, in the study population, men generally reported lower fruit intake than women. ‘This difference in dietary patterns may help explain why the potential protective effect of fruit against air pollution was only observed in women,’ she added.

Nigeria@65: Ododo, Bala, Dogara call for shared commitment to nation-building

As Nigeria marks its 65th Independence Anniversary, leaders across the country have urged citizens to embrace unity, courage, and collective responsibility in shaping the nation’s future.

Kogi Governor, Alhaji Ahmed Usman Ododo, in his anniversary message, described Independence Day as a reminder of the sacrifices of the country’s founding fathers and a call to patriotism.

‘Independence Day is more than a date on our calendar; it is a call to unity and to the shared responsibility of building a nation that guarantees peace, justice, and prosperity for all,’ he said.

Ododo also commiserated with families affected by the recent boat mishap in Ibaji Local Government Area of Kogi State, which claimed several lives.

‘This tragedy reminds us of the fragility of life and the duty we owe one another to continually improve safety and support for our people,’ he said.

He assured that his government would intensify efforts to make water transportation safer for riverine communities.

Highlighting his administration’s policies, the governor pointed to free and compulsory education, support for girl-child learning through the AGILE programme, and investments in infrastructure, healthcare, agriculture, and security.

‘We have made education free and accessible in order to guarantee the independence of future generations from ignorance and limitations,’ Ododo explained.

He also urged Nigerians ‘to renew our love for our country, to shun division, and to rise above fear and doubt, because the destiny of this nation is in our hands.’

In Bauchi, Governor Bala Abdulkadir Mohammed described Nigeria’s independence as ‘a milestone achievement that liberated the nation from colonial domination and gave its people the right to self-determination, socio-economic growth, and political development.’

He urged citizens to reflect on whether the noble ideals of the founding fathers had been fully realized after 65 years of nationhood.

‘Though our development trajectory may not match that of some countries that gained independence around the same period, particularly the Asian Tigers, Nigeria has made significant strides in governing itself, managing diversity, and uniting towards nation-building,’ Mohammed noted.

He disclosed that Bauchi would host an Investment Summit on October 8 and 9 to attract investors to the state’s vast potential.

On security, he reiterated that ‘peace remains the bedrock of development’ and pledged continued collaboration with security agencies to safeguard lives and property.

Former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, in his goodwill message, praised President Bola Ahmed Tinubu’s bold reforms, including the removal of fuel subsidies and efforts to stabilise the naira, describing them as ‘seismic, historic reforms that are dismantling decades of decay and inertia.’

Dogara acknowledged the hardships facing citizens but urged Nigerians to endure with patience and faith.

‘These are not ordinary policy adjustments. Though the pain of transition is real, the reward will be even greater,’ he said.

He also stressed the importance of unity: ‘At 65, Nigeria cannot afford the luxury of division. Our destiny is one, and our survival depends on unity of purpose. Security challenges, poverty, and inequality will bow only when confronted by a people united in spirit and resolve.’

Dogara, who chairs the National Credit Guarantee Company (NCGC), emphasised the company’s role in expanding access to credit for small businesses, empowering women and youths, and supporting inclusive growth.

‘Inclusive financial empowerment is the backbone of national growth and the surest path to lifting millions out of poverty,’ he added.

Across their messages, the leaders shared a common theme: Nigeria’s progress depends on the shared determination of its people to stay united, confront challenges with courage, and work toward a nation that offers justice, prosperity, and dignity for all.

ANBROAD mourns slain ARISE TV anchor

The Association of Nigerian Broadcasters (ANBROAD) has reaffirmed its commitment to promoting professionalism in Nigeria’s broadcasting industry, condemning the killing of ARISE News broadcaster, Somtochukwu Maduagwu, who was fatally attacked by armed robbers in Abuja on Monday.

The association’s president, Abdulrasaq Abdulganeey, made this known on Tuesday in Ibadan during ANBROAD’s first national congress.

Reflecting on the association’s journey since its formal inception in 2024, Abdulganeey acknowledged the challenges encountered but expressed optimism about ANBROAD’s progress.

‘We want to sanitise our profession, to differentiate the wheat from the chaff. Our mantra is: together we can do it, move mountains and be the talk of the town,’ he said.

He also stressed the need for modernisation in the industry, stating that broadcasters must move away from outdated practices.

As part of this drive, the association has introduced a Unique Professional Number (UPN) system and launched an official website to help identify, connect, and support its members nationwide.

Abdulganeey called on key stakeholders to collaborate on improving the welfare of broadcasters and ensuring their contributions are adequately recognised and rewarded.

Encouraging more practitioners to join ANBROAD, he emphasised the association’s vision of building a stronger, more ethical broadcast industry that truly serves the public interest.

On the killing of Maduagwu, the ANBROAD president described the incident as a ‘heinous and unfortunate tragedy’ that claimed the life of a promising young broadcaster.

‘President Bola Tinubu and the police should do the needful. We do not want to keep losing broadcasters, journalists or any Nigerian. The government must protect the lives and properties of its citizens,’ Abdulganeey said, joining the growing public call for a thorough investigation and justice for the late broadcaster’s family.

Also speaking at the congress, ANBROAD’s national secretary-general, Sola Gbayisomore, highlighted the association’s achievements within just one year of operations.

He noted ANBROAD’s growing presence in states, including Lagos, Ondo, Kwara, Osun, Ogun, Oyo, and Abuja.

He said the congress served not only as a platform to celebrate progress but also to strategise for growth, strengthen member collaboration, and explore opportunities within the industry.

During the congress, ANBROAD established operational zones across its active states and formally inaugurated zonal leaders.

In addition, the association unveiled its constitution, presented by the chairman of the board of trustees, Sulaiman Adegbenro, who stressed the importance of truth and trust in the broadcast profession.

‘The constitution is a compass for our association. It’s essential for guiding our operations and ensuring we remain true to our values,’ Adegbenro said, urging members to abide by it and contribute to the development of both the association and the national broadcast sector.

Agbowoopa: The Distrainor in the House

WHEN many took off, he stayed put. When the ones we thought were the brave ducked, he dug and rigged. He sweated and defended the homestead or what was left of it. Even to me, his courage did not make sense. Why swim against the tide when you can just go with the flow? Why stay in a house with half its roof blown off? What is the sense in not just holding on tight to a tattered umbrella but also taking shelter under it? The umbrella itself looked like it needed help.

Leave and let the house crumble. You can build another one. But he stood there in the rain, in the scorching sun. He even bellowed in a fearful voice at passers-by who thought something was really wrong with him. He flexed his muscles at those who had armour. He looked them in the eye and dared them to cross his threshold.

Who the dickens did he think he was? But he paid us all no mind. It was his umbrella to keep, torn, shredded or bent. He mobilized money and started the rebuilding. When he was let down by those he trusted, he soldiered on. When those whose expeditions he sponsored aimed arrows at his bare chest, he nursed his wound, lips pursed in pain and determination. If he shed a tear, it was in private. If he bled, he hid the blood. To his tattered tent he held.

Then one day, he rose out of the ashes, with his umbrella in his hands, this time like a sword. He had rebuilt the house with everything he could muster. Soon, those who watched him rebuild and those who went away all came back, together. He welcomed them. And they all sat under the umbrella. Then one day, he said he wanted to become the leader. Some of the ‘returnees’ also showed interest. They all agreed to a fair contest. Then the demon of conspiracy came into the house and possessed almost everybody. Stabs in the back, followed by another stab in the heart led to a bloodied floor. Things became blurry and slippery. Of course, things fell apart. There was no centre for anybody to even hold.

Now, the builder is angry, raving and raging. What was taken from him he has sworn nobody else would get. He has even gone after those who left the house a second time, bellowing harder than before. He is like one character in Yoruba movie I watched a long time ago. His name was Cause Trouble. The name still makes me smile every time. But the most apt description for me, at least today, is the debt distrainor as described by Reverend Samuel Johnson. Distraining for debt among the Yorubas used to be a big deal in those days. A ‘distrainor’ is a licensed by fire-by-force debt collector who sits on the debtor in every way until he pays. He is said to ‘d’ogo ti’ until he collects.

Pay attention to how Rev. Johnson describes him.

‘The distrainor is a man of imperturbable temper, but of foul tongue, a veritable Thersites. He adopts any measure he likes, inflicting his presence and attention on the debtor everywhere and anywhere he may go, denying him privacy of any kind, and in the meantime using his tongue most foully upon him, his own person being inviolable, for touching him implies doing violence to the person of the authorities who appointed him the task. Loud in his abuses, intolerable in his manners to all in the house whilst going in and out with the debtor till the inmates of the house get tired and quickly finds a way of getting rid of the distrainor by paying off the debt.’

Our builder, Cause Trouble or Distrainor is ‘drawing gbese’. He’s giving everybody in the house high blood pressure.

‘He must not take anything away from the house but he may enjoy the use of anything he finds in the house.’

Does he remind you of someone?

This is a peaceful piece.

Akwa Ibom govt shuts illegal schools, proprietors face prosecution

The Akwa Ibom State Government has intensified its crackdown on illegal private schools, sealing several unlicensed institutions across the state and ordering the arrest of defaulting proprietors who attempted to defy the directive.

The Commissioner for Education, Prof. Ubong Essien, who led the enforcement taskforce, disclosed that while many operators complied with the state’s directive to shut down, some proprietors illegally unsealed their premises and resumed academic activities.

Angered by the development, Prof. Essien ordered the arrest and detention of the offenders, who are now awaiting prosecution.

‘During the ministry’s regular monitoring exercise, it was observed that while several operators of unauthorized private schools had obeyed the directive, a few chose to defy the order and continued with academic activities,’ he said.

He warned parents and guardians across urban and rural communities against enrolling their children in unregistered institutions, insisting that the state-wide exercise would continue throughout the school year.

‘The Ministry of Education reiterates its stance on the closure of unauthorized and rogue schools. This exercise is aimed at standardising educational delivery across the state, ensuring compliance with approved standards, and ridding our educational system of substandard institutions that compromise the future of children in Akwa Ibom State,’ Prof. Essien stressed.

65th Independence: Sterling Bank scraps account maintenance fees for customers

Sterling Bank has once again redefined the boundaries of customer-first banking in Nigeria by scrapping Account Maintenance Fees (AMF) across all personal accounts.

Just months after abolishing transfer fees on local online transactions in April 2025, the bank has dismantled yet another long-standing industry

practice, cementing its role as the nation’s leading force for transparent, fair, and customer-focused banking.

This decision cuts at the heart of a revenue model that has long cost Nigerian customers dearly. In 2024 alone, tier-1 banks raked in over ?650 billion from account maintenance and e-banking charges.

Sterling’s move rewrites Nigeria’s banking rulebook while amplifying its bold stance: customers deserve freedom from too many deductions and the right to keep more of their hard-earned money.

Abubakar Suleiman, Managing Director of Sterling Bank, explained the principle driving this bold action: ‘Every fee we remove is one less barrier between our customers and true financial freedom. This was the rationale behind eliminating transfer fees in April, and it is the same principle we uphold as we eliminate accountmaintenance fees.’

Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling Bank, reinforced this position: ‘This initiative is about building lasting relationships that fuel sustainable growth. We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future.’

As Nigeria marks another Independence Day, Sterling Bank presents this decision as a declaration of financial independence for millions of Nigerians. By freeing customers from deductions that silently erode their balances, Sterling is empowering them to keep and grow their wealth while redefining true financial freedom.

With two unprecedented moves in quick succession, the removal of transfer fees in April and now the elimination of account maintenance charges, Sterling Bank continues to challenge the status quo and champion a new era of fairness in Nigerian banking.

Between bonuses and bottlenecks: the real face of 1win in Nigeria

In the rapidly expanding world of online betting in Nigeria, countless platforms compete for user attention. Each promises something better – bigger bonuses, faster withdrawals, or a more diverse gaming experience. Amid this crowded space, 1win.ng has steadily emerged as a compelling option for Nigerian players, combining international experience with local appeal. But how does it really compare to the competition?

When placed side by side with other major bookmakers in the region, 1win Nigeria holds several distinct advantages. The platform offers generous welcome bonuses and ongoing promotions that are often more lucrative than those of traditional Nigerian operators. It also supports a range of popular games – from live sports betting to online casino options – all within a sleek, mobile-friendly interface.

Of course, no platform is perfect. While 1win.ng excels in areas like promotions and user experience, it currently supports fewer withdrawal methods compared to some local competitors. For users seeking maximum flexibility in cashing out their winnings, this may be a point of consideration, although it is far from a dealbreaker.

Ultimately, 1win.ng positions itself as a forward-thinking platform, blending modern features with strategic simplicity. As Nigerian users grow more discerning, platforms like 1win.ng that offer both value and ease of use are likely to shape the next phase of the country’s online betting evolution.

Unlocking the value: how 1win.ng redefines bonus strategy and user experience

Choosing a betting platform in Nigeria isn’t just about odds – it’s about value. Bonuses, usability, mobile access, and payment flexibility are what separate a solid bookmaker from a truly exceptional one. In a landscape filled with similar-looking offers, it’s essential to take a closer look at how these elements work together to enhance or hinder the player experience.

When it comes to 1win.ng, the platform doesn’t just follow industry standards – it seeks to elevate them. Whether you’re a new user lured by a welcome bonus or a seasoned bettor looking for loyalty perks, 1win.ng positions its promotions to offer not just excitement but real value. And it’s not just about bonuses: the ecosystem surrounding those offers – from games to apps and payment tools – plays a key role in maximizing their benefits.

Key strengths of 1win.ng compared to competitors

Generous welcome bonus: new users receive one of the most competitive sign-up offers in the Nigerian market, giving them a head start with boosted betting capital.

Ongoing promotions: from cashback incentives to event-based specials, 1win.ng ensures there’s always a reason to stay active.

Broad game selection: users have access to both classic sports betting and an extensive casino catalog, offering greater flexibility than most local platforms.

Sleek and intuitive interface: the website is easy to navigate, with a clean layout and responsive design that works smoothly across devices.

High-performance mobile app: both Android and iOS users benefit from a stable, fast-loading application that mirrors the desktop experience.

Instant deposits and fast payouts: while withdrawal options are slightly more limited, the ones available are reliable and quick.

Multi-currency support: players can fund their accounts in Nigerian naira and other currencies, adding to the platform’s accessibility.

Transparency of bonus terms: all promotional conditions are clearly laid out, reducing confusion and increasing trust among users.

These advantages create a streamlined experience that reduces friction and increases user confidence. For many players, especially those new to online betting, understanding exactly how a bonus works – and being able to access it without jumping through hoops – makes a huge difference.

That said, it’s also important to read the fine print and understand how rollover requirements and bonus conditions fit into your own betting style. While 1win.ng does a good job of making these terms accessible, informed decisions are always the best kind – and that’s where the platform truly empowers its users.

Looking closer: where 1win.ng falls short in a competitive betting market

Nigeria’s tax reforms get African Tax Administration Forum’s nod

The African Tax Administration Forum (ATAF) has thrown its weight behind Nigeria’s tax reforms which culminated in the new tax laws, describing them as necessary for economic growth and development.

The recently-inaugurated Executive Secretary of the continental body, Ms Mary Baine, made the support known during a visit to the chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, in Abuja, on Tuesday.

A statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman said ATAF stands by Nigeria in reforming its fiscal landscape and pledged the readiness of the body to give technical support in areas that would help in realising the gains of the reforms.

She referenced how the organization had helped Zambia to build capacity in the area of raising revenue from mining, promising to offer support to Nigeria in the same area.

According to her, ATAF is willing to leverage Nigeria’s continental and global influence to mobilise member-countries to strengthen the organisation.

‘When you look at the strategic vision of FIRS, we see the things you are doing and the way you’re changing the tax system, the kind of reforms and the time that it has taken and of course the movement forward.

‘So, we applaud you, and I wanted to say that ATAF is here to say that we stand with you, we applaud you, and we’re ready to provide whatever support that could lead to its success.

‘In terms of your strategic vision- people, technology and data, we find that this is something that is really critical for the rest of the continent and that it is an area where ATAF will be happy to support as well,’ she said.

The FIRS chairman, while welcoming the visitors, expressed confidence in the capacity of the Executive Secretary to lead ATAF to glory.

He charged Africans to look inwards for homegrown solutions to challenges, stressing that salvation cannot come from the Western world.

‘My belief has always been that solutions to Africa’s challenges can only come from Africa. There is no free lunch anywhere. I have said that I don’t believe in aids; I believe in cooperation.

‘There is a saying that when you are not on the table, you are definitely on the menu. So, Africa must be on the table and that is it. We should stop being on the menu. That is my charge to you.

‘So, the expectation from us as a continent is also to bring what we can contribute to the work, most especially in tax matters. For us, we have to evolve our own fiscal policies which is what Nigeria has done with the new tax laws.

‘Before now, we had tax laws that were colonial relics. We had the Stamp Duties Act of 1939 which was enacted when there was no internet,’ he said.

Coastal Highway: Umahi under fire for dragging Tinubu’s name into demolition dispute

Diaspora investors in WINHOMES Estate have accused the Minister of Works, David Umahi, of inappropriately dragging President Bola Tinubu’s name into the controversy surrounding the demolition of properties to pave way for the Lagos-Calabar Coastal Highway project.

The investors, in a press statement on Wednesday, faulted Umahi’s repeated references to the President in what they described as a ‘purely legal conflict’ that should be determined by the courts.

‘Repeatedly invoking the President’s name in this dispute is both inappropriate and damaging. Presenting a legal conflict as though it bears presidential endorsement erodes investor confidence, paints Nigeria as a country where executive interference trumps judicial independence, and sends the wrong signal to the international community,’ the group said.

The statement, signed by Engr. Stella Okengwu, CEO of WINHOMES Global Services, accused the Minister of misleading Nigerians and the global community on the scale of demolition, the status of court proceedings, and the level of diaspora engagement.

Umahi had claimed that only four hectares of WINHOMES land were affected, but the investors insist the estate represents over $250 million in diaspora investment covering a much larger area.

‘Families, professionals, and businesses who invested in good faith have lost properties and assets valued at far more than what the Ministry admits,’ the group stated.

They also debunked Umahi’s claim that the Federal Government had secured judgment in its favour, stressing that Suit No. FHC/L/CS/1063/25, filed before Justice Akintayo Aluko at the Federal High Court, Ikoyi, Lagos, remains pending.

‘No trial has commenced, no judgment has been delivered, and any suggestion otherwise is a reckless distortion,’ the statement read.

The investors further alleged that the Minister personally invited diaspora representatives to discuss the issue and promised to escalate it to the President, contrary to his public denials.

They said video evidence of the invitation exists and could be made public if necessary.

Beyond the demolition dispute, the group raised concerns over reports of a ?200 million cash payment linked to the Ministry, calling on the EFCC and DSS to launch a probe in the interest of transparency.

They also cited MTN Africa’s televised warning against diverting the coastal highway through the estate, accusing the Ministry of ignoring expert advice and due process.

WINHOMES investors announced plans to convene a world press conference to present video evidence, financial records, and expert testimony.

‘Our goal is not only to defend our investments but also to expose the wider risks of arbitrary governance to any investor considering Nigeria as a viable destination,’ Okengwu said, vowing to pursue the matter until justice is served.