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Nnamdi Kanu Demands N20 billion Damages From Malami

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Nnamdi Kanu Demands N20 billion Damages From Malami

The leader of the Indigenous People of Biafra, (IPOB), Nnamdi Kanu, has requested N20 billion in restitution from Abubakar Malami, the Attorney General of the Federation and Minister of Justice.

After being the target of allegedly libelous and defamatory statements, Kanu demanded restitution.

Aloy Ejimakor, the leader of IPOB, claimed Malami’s assertion that he jumped bail despite a court decision clearing him was libelous in a statement sent through his Special Counsel.

It could be recalled that on September 10, 2017, the military broke into Kanu’s home in Isiama Afaraukwu Ibeku, Abia State, causing him to depart the nation.

Kanu’s fundamental human rights were allegedly violated during the claimed invasion, which was denied.

However, the courts determined that the invasion was unjust, unconstitutional, and illegal.

Speaking on the issue, Malami was quoted as saying: “To release or not to release Nnamdi Kanu is a function of law and the rule of law for that matter. In arriving at a decision on whether to release or not release, is one; you look at the rule of law, two; you look at the public and the national interest, three; you look at the security situation, four; you look at the international diplomacy.

“Let me talk first of the rule of law. This is someone that has been granted bail on account of charges that have been preferred against him at the court. Someone jumping bail to the international community, a case of a fugitive is established against the background of jumping the bail.

“Two, arising from the national security, this is someone that is charged with treason, incitement and destruction of civil authority, murder and assassination of others on account of his incitement, that boils down to issues of national security and criminality.

“Three, on account of international diplomacy, this is someone that has against his person, used the international community or a foreign country to launch an attack against a nation, against his nation for that matter.

“So all these naturally come into play to determine what to do. So if you have, through judicial processes, established multiple cases of treason, homicide, and bail-jumping, among others, the fact that you have indeed succeeded in one case as against multiple others that are pending, goes to establish the fact that that case cannot be the only basis and criterion for determining whether you are entitled to be released or not.”

Condemning Malami’s remark, Ejimakor said: “Despite the clear exoneration from jumping bail contained in the Judgment exhibited and quoted above, you have, after 19th January 2022 when this judgment was rendered, defamed and libelled our Client by your several utterances and publications (in national dailies) where you falsely stated that our Client jumped bail.

“In view of the said judgment of the Abia State High Court, your above utterances were false, malicious and reckless and they were read and heard worldwide and portrayed our Client in light.

Ejimakor stated this in a letter addressed to Malami tagged: “RE: Pre-action notice and formal demand for settlement of the claim of defamation/libel of the character of Mazi Nnamdi Kanu grounded on your false, defamatory and libelous publications that Mazi Nnamdi Kanu jumped bail.”

The letter reads partly: “The sum of N20,000,000,000.00 (Twenty Billion Naira only) being general and exemplary damages.

“An unreserved personal letter of apology, to be prominently and boldly published full-page in two Nigerian Newspapers of national circulation, namely: Guardian Newspaper and Sun Newspaper.

“You shall write and deliver to your superior officer(s) and/or your employer(s) a Legal Opinion to the effect that our Client did not jump bail in view of the 19th January 2022 Judgment of the High Court of Abia State.

“The foregoing demands are without prejudice to other options or terms for settlement that you may counter-propose in response to this Letter. We, therefore, request that, with a view to settling this claim out of court, you respond to this Letter by Legal Mail (to the email on this Letterhead) within three (3) days of the receipt of this Letter. In the event that you fail to do so, our Client shall immediately commence legal proceedings against you without any further notice.”

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Presidency Clears Air on Tinubu’s US Court Case

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The Presidency has clarified that President Bola Tinubu is not on trial in the United States, describing the ongoing legal proceedings involving records linked to him as a civil dispute over access to government documents.

The clarification was made by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, amid renewed attention to the case before the United States District Court for the District of Columbia.

According to the Presidency, the matter arose from requests submitted under the US Freedom of Information Act (FOIA) for records relating to Tinubu.

SEE MORE: No Gov’t Reprisal for Criticism — Tinubu Assures Journalists

“For clarity, the matter is a civil records-disclosure dispute under the United States Freedom of Information Act. It is not a criminal case against President Tinubu, nor has the court found him guilty of any criminal wrongdoing,” the Presidency stated.

The government explained that Aaron Greenspan submitted FOIA requests to several US government agencies in 2022, seeking records relating to the President.

After some agencies withheld certain records or declined to confirm or deny their existence, Greenspan commenced Civil Action No. 23-1816 before the US District Court for the District of Columbia in 2023.

The court subsequently permitted President Tinubu to participate in the proceedings as an intervenor.

The Presidency said some of the agencies invoked the “Glomar defence”, a legal position that allows US government agencies, under certain circumstances, to neither confirm nor deny the existence of particular investigative records.

It added that the court subsequently granted summary judgment in favour of the CIA, Executive Office for United States Attorneys, Department of State, Department of the Treasury and Internal Revenue Service, effectively removing them from the proceedings.

However, aspects of the case involving the Federal Bureau of Investigation and the Drug Enforcement Administration remained subject to further consideration.

The Presidency further disclosed that the FBI and DEA had produced 399 pages of records in compliance with court orders, although portions of the documents were redacted under exemptions provided by US law.

According to the government, the plaintiff challenged the agencies’ decision to redact parts of the documents and sought their release without the redactions.

The FBI and DEA, through the US Department of Justice, opposed the request, citing legal protections covering certain categories of information.

The Presidency said some of the records relate to grand jury proceedings, which are protected from public disclosure under US law.

It also cited protections covering information connected to certain court orders authorising pen registers or trap-and-trace devices, as well as documents protected by attorney-client and attorney-work-product privileges.

The Presidency’s clarification comes amid heightened political debate ahead of Nigeria’s 2027 general elections, with opposition figures continuing to scrutinise the President’s past and administration.

The government, however, maintained that the US proceedings should not be misrepresented as a criminal trial against Tinubu, stressing that the case concerns the disclosure and withholding of government records.

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Crude Races Towards $100 as US Steps Hard on Iran

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Renewed tensions in the Middle East have seen crude prices push towards $100 per barrel riding on the back of US sanctions and a blockade of Iranian oil exports, which have escalated the Asian country’s economic woes.

Consequently, the Brent crude, the international benchmark, climbed to $97 per barrel on Thursday before declining to $95.50, as reported at Oilprice.com.

On its part, Reuters reported that the surge in oil prices came as Washington intensified its campaign to cut off Iran’s access to international financing and prevent the country from circumventing sanctions.

Three senior Iranian sources reportedly told Reuters that the latest measures were proving increasingly difficult for Tehran to withstand, with the country facing dwindling channels for securing foreign currency and importing essential goods.

READ ALSO: Dangote Investments are Catalysts for Africa’s Economic Growth – AFC

The pressure has also severely affected Iran’s oil exports.

Iranian crude loadings have fallen to about 260,000 barrels per day this month, from around 1.7 million bpd a year earlier, according to commodity analytics firm Kpler.

The development has raised fresh concerns over the impact of the sanctions on global oil markets, particularly as the conflict has disrupted energy supplies and shipping through the Strait of Hormuz.

While some energy continues to flow through the strategic waterway, the US blockade of Iranian oil exports has effectively cut off Tehran’s main source of revenue, Reuters reported.

Iran’s economic problems have been compounded by a sharp collapse in its currency and accelerating inflation. The rial has fallen from about one million rials to the dollar a year ago to more than 2.2 million rials currently.

Official figures put Iran’s 12-month average inflation at 69.9 percent, while prices of food, beverages and tobacco have risen at nearly twice that rate.

The squeeze has also affected Iran’s ability to maintain its sanctions-evasion networks, with front companies, unregistered tankers and smuggling operations becoming increasingly expensive.

The country’s trade has fallen by between 25 and 35 percent, with imports hit harder than exports, Iranian President Masoud Pezeshkian said.

The United Arab Emirates (UAE) has also disrupted a major channel for Iranian commerce, announcing on 19 August that all commercial exchange and financial dealings with Tehran had been halted until further notice.

These have plunged Iran’s domestic fuel situation into some sort of turbulence.

One senior Iranian source told Reuters that the country has only about two months’ supply of petrol, which it needs to import despite its domestic oil production because of limited refining capacity.

The deteriorating economic conditions are also placing severe pressure on Iranian households. Average monthly salaries are estimated at about $125, compared with basic household spending requirements of roughly $450, according to official data.

The economic squeeze comes as fighting between Iran and the United States has intensified, with attacks and retaliatory strikes raising fears of further disruption to oil supplies and shipping.

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Dangote Investments are Catalysts for Africa’s Economic Growth – AFC

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Leading economists, financial experts and industry stakeholders have described the Dangote Group’s investments as major drivers of industrialisation and economic transformation across Nigeria and Africa.

The experts cited the Group’s impact on job creation, import substitution, foreign exchange conservation and economic competitiveness.

They voiced their thoughts at the Lagos Economic Summit themed “The Real Deal: Africa’s Greatest Investment Opportunity,” where they urged governments to implement policies that strengthen local industries and accelerate economic diversification.

President and Chief Executive Officer of the Africa Finance Corporation (AFC), Samaila Zubairu, commended the Dangote Group’s sustained investments across Africa, describing them as critical to unlocking the continent’s economic potential.

He noted that while recent economic reforms have improved foreign exchange stability, strengthened reserves and eased inflationary pressures, the focus must now shift to growth in industry, productivity and employment.

READ ALSO: NMDPRA Shares July Domestic Cooking Gas Supply Details

Also speaking, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, said industrialisation remains the most effective path to sustainable economic development.

He called for better alignment of trade and industrial policies, stressing that local manufacturers require strategic support to compete effectively and drive broader economic benefits.

Founder and CEO of Nairametrics, Ugodre Obi-Chukwu, said Africa’s growing population presents a significant industrial opportunity, noting that investments such as the Dangote Refinery are helping to retain capital within the continent while strengthening local production capacity.

In his keynote address, Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, said Nigeria is gradually transitioning from a consumption-led economy to one driven by investment and production.

He added that sustained investments in productive sectors will continue to stimulate growth, create jobs and improve living standards.

Participants at the summit also advocated stronger credit infrastructure, improved national identification systems and increased investment in skills development to enhance the productivity and global competitiveness of Africa’s growing youth population.

Photo Caption: From Left – Chief Economist, Dangote Industries Limited, Dr. Hassan Mahmud; Lady Maiden Alex-Ibru; Chairman of Occasion/Special Guest of Honour, Samaila Zubairu; Key Note Speaker Session 1, Bismarck Rewane; during the Real Deal: Africa’s Greatest Investment Opportunity, Sponsored by Dangote Industry Limited in Lagos on Thursday 3, September 2026.

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