How Chima disrupts decor with entertainment twist

In Nigeria’s fast-evolving creative industry, Rosemary Chima, the chief executive officer at April Second Events and Logistics Limited, a business she started with startup N250,000, raised through her savings, emerges as a name to watch.

A dynamic entrepreneur with a flair for innovation, she is redefining the intersection between entertainment and decoration, two sectors often overlooked for their potential synergy.

Through her ventures, Rosemary is not only creating memorable experiences but also setting new standards for creativity and business excellence.

Rosemary had a childhood inspiration to venture into entertainment and decoration spaces from seeing ice-cream cone sell by her school’s premise during her school days. ‘When I was in school there’s this man that comes to sell cone ice cream then, so I told myself that I would have something like that sited in any of our schools as my side hustle while I pursue my career,’ she said.

According to the enthusiastic entrepreneur, the business has grown from one person to having 20 employees and still counting.

‘We have grown to a 20 staff firm, and what stands us out is our standard and quality.

‘Besides, the ability to delight our clients also speaks for us,’ she stressed.

Every successful entrepreneur starts with a vision, and for Rosemary, that vision was simple, to bring beauty, joy, and artistry to every celebration.

As she is skillfully blending entertainment and decoration to create experiences that reflect Nigeria’s vibrant culture and creative spirit, Rosemary narrated that doing business in Nigeria is not funny.

‘The cost of operations is not encouraging and thereby not easy for customers. Getting people that are trustworthy to work with is a challenge,’ she said. The former human resources personnel who had worked for various organisations in their HR space, said, having forayed through the corporate was an advantage in managing her challenges.

‘The time I spent in the corporate world afforded me technical skills in management and business and the understanding that a thriving business stems from finding a need and satisfying same with acceptable products and services in terms of quality and pricing.

‘In this instance, it is the entertainment space and in my line of duty, organising social functions involving staff and their families were common and this made me identify lack or inadequate provision of fun foods at parties,’ she emphasised.

Rosemary reiterated that satisfying clients’ needs is a passion for her, bearing in mind that creating and having fun is an integral part of development and wellbeing.

She explained that the business which started out providing fun foods such as ice-cream, pop-corn, candy-floss, and french-fries, among others, have expanded into events planning for children, adults and corporate social functions.

However, she revealed that starting out was challenging because of the cost of acquiring the required machines/equipment.

‘There was a need for about N2.5million but I was only able to raise N250,000 from personal savings.

‘Taking deliveries of machines came in batches as I resorted to making deposit payments with understanding to complete these payments by instalment and this helped in commencing operations in December 2011,’ she said.

Speaking on her growth secrets, she said, ‘Consistency in quality of products, customer services, trained and supportive workforce is our niche. ‘We also ensure that each customer is treated with tailor-made services to meet that his/her expectation, and this has led to many sales from referrals of satisfied customers.’

On how the business has been able to navigate the inflation to thrive in its space, she explained that the firm continues to research on better and less expensive methods and locations for sourcing materials and machinery so that their goods do not become exorbitant in prices to discourage continued patronage.

She however, decried some of the government policies that clogs the wheels of easy business in Nigeria such as excessive levies/fees from multiple agencies which she said have impacted cost of operations rather negatively.

Rosemary said her expansion plans include diversifying and opening more outlets in different locations to attract more customers and drive sales volume.

Nnamdi Kanu’s trial stalls over missing case file as court adjourns to Monday

Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), was unable to open his defence on Friday at the Federal High Court in Abuja after revealing that his former legal team had yet to hand over his case file.

At the resumed hearing of his terrorism trial, Kanu told Justice James Omotosho that he could not proceed because he had not received the documents from his previous legal team.

‘My lord, my counsel withdrew from the case yesterday, and I have not received the file from them. Those who were to bring it to me were not allowed access,’ Kanu said.

He asked the court for an adjournment to enable him to obtain the documents and prepare his defence.

Adegboyega Awomolo (SAN), Counsel to the federal government, did not oppose the request but urged the court to maintain its order directing Kanu to open his defence within six days.

‘I am aware there is a standing order for the defendant to begin his defence within six days. He lost yesterday, and today is the second day, my lord. I urge your lordship to keep to the order,’ Awomolo said.

Justice Omotosho advised Kanu to take advantage of the opportunity provided under Section 36 of the Constitution to defend himself but noted that the court could not compel him to do so.

The judge adjourned the matter until Monday to allow Kanu to obtain the case file and open his defence.

BusinessDay recalled that Kanu was first arrested in 2015 and granted bail in 2017 but fled the country.

He was re-arrested in 2021 and has since been held by the Department of State Services (DSS).

The federal government has maintained charges against him, accusing him of inciting violence through IPOB’s activities and calling for the secession of Nigeria’s southeast region.

In a new application filed on Tuesday, Kanu informed the court that he intends to call two categories of witnesses: ‘material witnesses’ and ‘vital and compellable’ witnesses, to be summoned under Section 232 of the Evidence Act, 2011.

Those listed as ‘vital and compellable’ witnesses include Theophilus Danjuma, former Minister of Defence; Tukur Buratai, former Chief of Army Staff; Babajide Sanwo-Olu, Lagos State Governor; Hope Uzodimma, Imo State Governor; and Nyesom Wike, Minister of the Federal Capital Territory (FCT).

Others named are Okezie Ikpeazu, former Governor of Abia State; Dave Umahi, Minister of Works; Abubakar Malami, former Attorney-General of the Federation; Ahmed Rufai, former Director-General of the National Intelligence Agency (NIA); Yusuf Bichi, former Director-General of the DSS; and Oluwatosin Adeola Ajayi, current DSS Director-General.

You turned our dreams into reality, Dangote tells Oramah

Aliko Dangote, Founder and President/Chief Executive of the Dangote Group, the largest conglomerate in West Africa, on Friday said Benedict Oramah, outgoing President of the African Export-Import Bank (Afreximbank), turned many African dreams into reality through his visionary leadership and unwavering support for the continent’s industrial transformation.

Speaking at the Afreximbank Legacy Conference and Investiture in Cairo, Dangote described Oramah as ‘the man who made the impossible possible,’ praising him as a visionary and bold leader under whose guidance ‘Africa’s dreams and aspirations have been materialised by Afreximbank, Africa’s crisis-solving bank.’

He recalled the vital role Afreximbank played when his group embarked on the audacious project of building the Dangote Refinery, saying, ‘When we had the dream of putting up a refinery, one of the foremost banks that actually supported us was Afreximbank under the leadership of Professor Oramah. At that time, we really didn’t even know what we were doing. We just said maybe 300,000 barrels per day. From there, we changed it to 400,000 because the biggest then was 450,000 built by Saudi Aramco. Later, we decided to do what had never been done before in the world.’ Dangote said very few believed in the project at the time. ‘Access Bank, Zenith Bank, and a few others joined Afreximbank in believing in the refinery dream. Even Femi Otedola believed it was possible,’ he noted. ‘We said we wanted to build a refinery 50% bigger than anything ever built by multinationals or sovereign nations.’

He emphasised that without Afreximbank, the Dangote refinery, petrochemical, and fertilizer projects ‘would never have been possible,’adding that Africa must continue to build strong African-owned banks that understand and trust African entrepreneurs. ‘That’s why I’ve always said we need our own banks. Nobody will ask you for your great-grandfather’s birth certificate before giving you a loan,’ he said, describing Afreximbank as ‘the right bank for Africa.’

Turning to Oramah, Dangote praised him for turning African dreams into tangible realities. ‘You have done what nobody expected you could do. You turned our dreams into reality. A dream is just a dream until someone helps you make it real,’ he said. Dangote recalled that during difficult periods of construction, whenever he felt low, he would call Oramah, who would always find words to re-energize him. ‘He would say something that made me feel recharged again. I must thank you, my brother. You have been a very good friend and partner.’

He also acknowledged Afreximbank’s board, jokingly referring to one of its members, as ‘the most troublesome man in the bank’s board,’ drawing laughter from the audience.

Dangote described the day as bittersweet, one for reflection and immense gratitude. ‘As Africans, our culture teaches us to embrace the finality of a journey,’ he said. ‘Over the past four decades as an entrepreneur, I’ve travelled across this great continent, meeting presidents, prime ministers, statesmen, and women from all walks of life. I’ve seen the good, the great, the bad, the bold, the beautiful, and the ugly. The man we celebrate today, Professor Benedict Oramah, represents the very best qualities among us. You are a rare gift to our continent from Almighty God.’ He said Oramah’s ideas had not only strengthened Afreximbank but also inspired governments, businesses, and communities to believe in Africa’s boundless potential. ‘You are a symbol of what it means to be committed to Africa,’ he said. Under Oramah’s leadership, Dangote continued, Afreximbank revolutionized how a trade finance development institution could connect markets across the continent, not only facilitating trade but also creating and sustaining markets.

Reflecting on the challenges of conceptualising and financing the 650,000-barrel-per-day refinery with petrochemical and fertilizer plants costing over $22 billion, Dangote emphasised Afreximbank’s vital support. ‘The support we received from Professor Oramah and Afreximbank went beyond financing. It included strategic advice, and most importantly, they were our biggest cheerleaders,’ he said.

He revealed that during the project, there were nights he called Oramah to brainstorm when things seemed overwhelming. ‘He listened patiently, and his counsel was always full of wisdom, clarity, and conviction,’ he recalled. ‘During COVID, when the whole world stopped, I called him. The refinery was not project-financed; it was on our balance sheet. I asked him, ‘What do we do?’ He spoke to his team, Access Bank, First Bank, and Zenith Bank, and together they helped us stay on track. While the world stopped, we did not stop. We kept building, thanks to the support of Afreximbank under your leadership. You are a great mentor.’

Dangote said history would remember Afreximbank and Oramah’s role when the story of the Dangote Refinery and Petrochemical Complex is told. ‘This development is already transforming Africa’s energy security landscape and disrupting global markets,’ he said. ‘The role of Afreximbank will certainly be mentioned, but the architect of this historic achievement, among a few others, is Professor Oramah.’

He expressed deep gratitude to George Elombi, the incoming president of Afreximbank, and the executive management team for their commitment to the continent. ‘Without you, we could not have achieved our dreams,’ he said, describing the Afreximbank team as ‘brave, bold, and willing to roll up their sleeves to get their hands dirty.’

‘With profound responsibility,’ Dangote continued, ‘I can say that Afreximbank has been the best-performing financial institution on the continent, a silent but effective force behind many of Africa’s most exciting opportunities and developments. Without Afreximbank, Africa would not be where it is today.’ He turned to Oramah again, calling him ‘my dear brother,’ and commended him for growing the bank’s prominence and building bridges beyond Africa. ‘You have rekindled lost connections and built new ones. You have served the continent passionately. As you depart, you leave behind a can-do spirit and a zeal that will continue to inspire us.’

Dangote also paid tribute to Oramah’s wife, Chinelu, ‘for taking care of you and for sharing a big part of you with us over the last decade.’ To her and their daughters, he said, ‘We are grateful. We return him to you now but only for a brief sabbatical, because there is still so much work to be done on the continent. We can’t have our star player on the bench when the game is only in the first half.’

He concluded by turning to the incoming president, George Elombi. ‘My friend, as you receive the baton from Professor Oramah and begin your own race, know that you can count on me and the Dangote Group as steadfast partners on this journey. We wish you all the very best,’ he said, drawing warm applause from the audience.

Blockfest Africa 2025 draws 12,000 participants, strengthens Africa’s Web3 voice

Africa’s blockchain and Web3 community gathered in Lagos for Blockfest Africa 2025, attracting more than 12,000 participants from over 50 countries. The event, convened by the founder of Nirvana Academy Samuel Oladokun Olaoyenikan, known as XeusTheGreat, took place on October 11, 2025, positioning Lagos as a central point in Africa’s digital innovation movement.

Supported by leading blockchain brands including Jeroid (Diamond Sponsor), CakeWallet, and Hyperbridge (Gold Sponsors), the festival featured exhibitions, panel discussions, and sessions encouraging African startups to build globally competitive blockchain solutions.

Olaoyenikan said the festival was created to ‘encourage global domination by African founders in blockchain,’ emphasising that ‘there is a need for collaboration over competition.’

The conference hosted 31 speakers from across the world, including policymakers, investors, founders, and developers. Among the speakers were Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC); Hon. Mobolaji Ogunlende, Lagos State Commissioner for Youth and Social Development; Jeremiah Mayowa, CEO of Jeroid; Seun Lanlege, Co-founder of Hyperbridge; David Adegoke, Senior Mobile Engineer at CakeWallet; and Idris Olubisi, Founder of Web3 Afrika.

During a keynote address, Hon. Ogunlende encouraged young people to contribute to the continent’s digital growth. ‘Don’t wait for the future, build it. Don’t just consume technology, create it,’ he said.

Dr. Agama advised participants to build technical and legal capacity around blockchain and decentralised finance. ‘Learn to code solidly, study digital laws, and understand decentralised finance,’ he urged.

Idris Olubisi highlighted opportunities for African developers in global markets, urging participants to explore international mobility programmes. He described the H1B visa as ‘a window for African tech talent to make a global impact.’

The festival also received support from ecosystem partners such as Sui, Jupiter Nigeria, Huele Bien, Gidi Real Estate Investment Limited, Avalanche Team1, Africa.Somi, and FanYogo, which provided refreshments to over 4,000 attendees.

Representatives of the Lagos State Government, through the Ministry of Youth and Social Development, reaffirmed their commitment to youth empowerment and the development of blockchain policy frameworks.

More than 7,000 people joined the event virtually, bringing total participation to over 12,000. Reflecting on the festival’s success, Olaoyenikan said, ‘The goal is not just to stay in pipelines, but to be relevant on global platforms.’

FG, ISRIC, IITA partner to advance soil data systems, boost food sovereignty

The federal government, through the Federal Ministry of Agriculture and Food Security (FMAFS), has partnered with the International Soil Reference and Information Centre (ISRIC) and the International Institute for Tropical Agriculture (IITA) to strengthen Nigeria’s soil information systems as part of efforts to enhance productivity and achieve national food sovereignty.

Speaking at the Nigeria Soil Information System Development Workshop held on Wednesday, in Abuja, Aliyu Sabi Abdullahi, minister of State for Agriculture and Food Security, said the initiative will empower farmers with data-driven insights to match crops with suitable soil types, optimise fertiliser application, and reduce production costs – thereby laying the groundwork for precision agriculture in Nigeria.

‘Soil is the foundation of agriculture. We must take ownership of our soil and the data it produces; it’s the basis for national food security and sovereignty,’ Abdullahi emphasised.

The minister explained that the scheme would promote location and crop-specific fertiliser blends, increase efficiency across the agricultural value chain, and attract private sector investment into fertiliser production.

‘This scheme allows experts to analyse farm soils and guide farmers on what crops to plant and what fertiliser blends to use. The result will be higher yields, lower input costs, and improved efficiency,’ he said. He further described the initiative as a ‘data-driven approach’ that would guide investments into high-potential value chains and reduce risks for agribusinesses, aligning with President Bola Tinubu’s vision to transform Nigeria’s food system under the mantra: ‘Eat what we produce and produce what we eat.’ Abdullahi also revealed plans by the ministry to establish functional soil testing laboratories in all 774 local government areas across the country to enable widespread soil analysis and ensure farmers have timely access to soil health information.

In his remarks, Bernard Vanlauwe, deputy director general, IITA Regional Hub, Ibadan, said the institute would help strengthen the Nigerian Soil Information System (NISIS) using cutting-edge technologies to ensure consistency across West Africa.

Also speaking, Chrow Krushid, project manager, Soil Information System, ISRIC (Netherlands), noted that Nigeria remains one of the key focus countries under the West Africa hub and would receive technical assistance to develop digital soil maps to inform policy and investment decisions.

Palm City Releases Q3 2025 Report, Showcasing Major Progress at Its Pilot Nursery and Commitment to Sustainability

Palm City, a leading agricultural estate project by Xymbolic Development Ltd, has announced the release of its Q3 2025 Report, highlighting significant milestones achieved between July and September 2025. The report underscores the project’s steady progress, operational discipline, and continued commitment to building a transparent and sustainable agribusiness model.

Strong Foundations: Palm City’s Pilot Nursery Takes Shape

A major highlight of the report is the successful setup of the Palm City pilot nursery, now home to over 70,000 oil palm seedlings; enough to establish more than 1,000 acres of plantation.

The nursery marks a critical step in Palm City’s long-term plan to develop one of Nigeria’s most structured and inclusive agricultural estates.

To ensure efficiency and sustainability, the nursery infrastructure includes a 30,000-litre water reservoir, a solar-powered borehole, and a semi-automated irrigation system. The seedlings have already begun sprouting, confirming that the agronomy team’s early efforts and adherence to best farming practices are yielding results.

How We Started an Oil Palm Plantation From Scratch | Palm City

Knowledge Partnerships and Industry Collaboration

During the quarter, the Palm City team embarked on strategic visits to the Nigerian Institute for Oil Palm Research (NIFOR) and Okomu Oil Palm Company Plc, two of Nigeria’s foremost institutions in oil palm development. These visits provided valuable insights into

research-based cultivation, efficient plantation management, and sustainable processing, knowledge that will guide Palm City’s operations in the quarters ahead.

According to Olisa Umerah, CEO of Xymbolic Development Ltd:

‘Palm City represents a disciplined and transparent approach to agribusiness; one that creates lasting value for investors, uplifts communities, and safeguards the future.’

Transparency and Stakeholder Trust

In line with its value of openness, Palm City continues to keep its investor community informed through regular reports and visual documentation. The company recently released a nursery setup documentary, providing stakeholders with a firsthand look at the project’s progress, while periodic updates continue to highlight on-ground activities and community engagement efforts.

Xymbolic Development has also launched a dedicated stakeholder communication channel, ensuring every investor receives verified information directly from the project’s management team.

A Model for Sustainable Agribusiness

As the Palm City project continues to expand, Xymbolic Development remains focused on scaling responsibly, prioritizing sustainability and transparency over speed. The company’s Q3 report reaffirms its long-term commitment to creating wealth through structured agribusiness while setting new benchmarks for trust and accountability in the agricultural real estate sector.

Nigeria removed from global financial crime watchlist after 2 years

The Financial Action Task Force (FATF) has removed Nigeria from its grey list.

This decision follows Nigeria’s successful and timely completion of its FATF Action Plan, marking over two years of sustained effort, reform and inter-agency coordination aimed at strengthening the country’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

The FATF is the world’s foremost standard-setting body for combating money laundering, terrorist financing, and proliferation financing.

The announcement formally removed Nigeria from the list of jurisdictions under increased monitoring, commonly referred to as the ‘grey list’. President Tinubu described the development as ‘a major milestone in Nigeria’s journey towards economic reform, institutional integrity and global credibility.’

Nigeria’s removal from the Financial Action Task Force (FATF) grey list is a welcome development. It marks a significant milestone in our efforts to strengthen the integrity of our financial system and reflects the concerted efforts of our institutions – including the CBN, NFIU, EFCC, and other stakeholders – to implement robust anti money laundering and counter terrorist financing measures,’ said Wale Edun, the country’s finance minister.

‘This development reinforces confidence in our economy and the integrity of our monetary and financial systems, signaling to investors and global partners that Nigeria’s institutions are strong, transparent, and internationally trusted. It will ease cross-border transactions, improve capital flows, including foreign direct investment, and strengthen the foundations for rapid and sustainable economic growth and job creation.’

Sterling Bank ignites Africa’s green growth agenda with ‘Agriculture Summit Africa 2025’

Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa (ASA) 2025, the continent’s foremost platform for advancing sustainable and inclusive agricultural transformation, returns under the bold theme ‘Survival of the Greenest: Reclaiming Africa’s Food Destiny’.

The summit scheduled for the first week of November, 2025, at the Transcorp Hilton, Abuja, is set to spotlight financing pathways to drive sustainable growth in the agricultural sector.

Now in its eighth year and convened by Sterling Bank, the summit will bring together policymakers, agribusiness leaders, investors, and innovators from across Africa and beyond to explore innovative solutions to the continent’s agricultural challenges.

According to the organisers, the event will also foster collaboration and innovation, examining how green finance, digital tools, and climate-smart practices can transform Africa into the world’s next agricultural powerhouse.

Addressing attendees at the press conference to announce plans for the summit, Abubakar Suleiman, managing director and chief executive officer of Sterling Bank, while briefing newsmen recently emphasised the Bank’s purpose for convening the summit, noting that, ‘At Sterling, we believe Africa’s food future will be secured not by chance but by deliberate, collective effort.’

‘Our commitment is rooted in the conviction that agriculture is central to Africa’s transformation, socially, economically, and environmentally. ASA 2025 is a platform that has galvanised this transformation by uniting policymakers, innovators, and investors around one shared goal: reclaiming Africa’s food destiny through sustainability and innovation.’

With over 60% of the world’s uncultivated arable land and a rapidly growing population, Africa holds immense potential to become a global agricultural powerhouse.

However, productivity challenges, limited access to finance, and the escalating impacts of climate change continue to hinder food security. ASA 2025 will leverage multi-sector partnerships and policy alignment to accelerate the continent’s transition from dependence to self-sufficiency, he said.

‘This year’s theme, ‘Survival of the Greenest,’ underscores both the urgency and the unique opportunity before us,’ commented Olushola Obikanye, Group Head, Agric Finance and Solid Minerals at Sterling Bank. ‘Africa’s food future lies in sustainability, innovation, and collaboration.

ASA provides a platform where governments, financiers, innovators, and farmers can engage meaningfully to design solutions that strengthen agricultural value chains, unlock financing, and foster inclusion. Agriculture is not just an economic imperative; it is the heartbeat of Africa’s transformation,’ he added.

The two-day event will host delegates from over 30 African countries, providing valuable opportunities for networking, policy engagement, and investment facilitation among agribusinesses, innovators, and financiers enabling access to capital.

The event, the organisers say will also feature high-level panels, keynote addresses, policy dialogues, exhibitions, and an Investment Deal Room (a marketplace designed to connect investors with viable agribusiness ventures and initiatives).

Cult groups, not IPOB, driving insecurity in South-East – Odinkalu

Chidi Odinkalu, former chairman of the National Human Rights Commission (NHRC), has blamed the growing insecurity in Nigeria’s South-East region on cult groups allegedly funded by politicians.

Odinkalu made the assertion during an appearance on Channels Television’s Politics Today on Thursday, saying it was ‘ridiculous’ to attribute every violent incident in the region to the Indigenous People of Biafra (IPOB) or its armed wing, the Eastern Security Network (ESN).

‘The idea that every issue in the south-east is an IPOB issue is ridiculous,’ Odinkalu said. ‘It’s absolutely not the case. Let me tell you this: the biggest single issue, in security terms, confronting the south-east, in my estimation, based on the work I have done on this, is, I regret to disappoint you, not IPOB; it is one word: cults, financed by politicians.’

He described cultism as a ‘terrible problem’ that has quietly grown into the most serious security threat in the region. ‘Now, the cults are the biggest single issue, and you don’t have a clue how terrible the problem of cults in the south-east is at this particular time,’ he said. While acknowledging the presence of IPOB in the region, Odinkalu maintained that its influence and role in the violence have been overstated. ‘Unquestionably, there is an IPOB issue, but the IPOB issue is overblown,’ he stated.

He cited communities where IPOB holds little or no sway, arguing that the group has been wrongly blamed for incidents that have other causes. ‘If somebody tells you that Obosi in Anambra State is an IPOB issue, that person is a liar. IPOB cannot survive in Obosi,’ he said.

Odinkalu emphasised that the more urgent concern is the alleged political sponsorship of violent cults, which he said has created a network of armed groups operating beyond state control.

According to him, addressing insecurity in the South-East requires moving beyond political rhetoric and tackling the entrenched problem of politically backed cultism that has taken root across the region.

Court sets Dec. 8 for trial of Nicholas Mutu in alleged ?320m NDDC fraud

A Federal High Court sitting in Abuja has fixed December 8 for the continuation of the trial of Nicholas Mutu, a serving member of the House of Representatives, who is facing charges of alleged ?320 million fraud involving the Niger Delta Development Commission (NDDC).

Mutu, who previously chaired the House Committee on the Niger Delta Development Commission (NDDC), is standing trial alongside Airworld Technologies Limited and Oyien Homes on a 13-count charge bordering on money laundering and gratification.

The charges were brought against them by the Economic and Financial Crimes Commission (EFCC), which accuses the defendants of receiving illegal financial benefits while overseeing NDDC activities.

At Thursday’s proceedings, counsel to Mutu, P.I.N. Egwuatu, informed the court that although the matter had been scheduled for the continuation of the defence witness’s testimony, the defence team had opted to rely on the testimonies already given and close its defence.

Egwuatu also told the court that he had a scheduled medical appointment and therefore requested at least 30 days to prepare and file his written address.

Presiding judge, F. Giwa-Ogunbanjo, granted both the prosecution and the defence 30 days each to file their written addresses, and an additional 10 days to file replies if necessary.

The court subsequently adjourned the matter to December 8, 2025, for the adoption of the written addresses by both parties.

The case against Mutu and his co-defendants stems from allegations that, during his tenure as chairman of the NDDC oversight committee, he received various monetary benefits amounting to ?320 million through the two companies in contravention of the law.

The EFCC maintains that such actions constitute abuse of office and contravene sections of the Money Laundering (Prohibition) Act and the Independent Corrupt Practices and Other Related Offences Act.

Dele Oyewale, EFCC spokesperson, confirmed the adjournment in a statement issued on Thursday, reiterating the Commission’s commitment to pursuing the case to its logical conclusion.