ABUJA — Nigeria and the United States have signed a framework agreement aimed at deepening American investment in Nigeria’s mining sector and developing the country’s mineral resources, estimated by the Federal Government at about $700 billion. The agreement was signed and exchanged on Wednesday at the Nigeria Mission House in New York by the Minister of Solid Minerals Development, Dele Alake, and US Deputy Secretary of State, Christopher Landau, on the sidelines of the 81st United Nations General Assembly. The framework is designed to use the Nigeria-US government relationship as a foundation for business-to-business transactions and greater investment across the country’s mineral value chain. It covers geological data and exploration, mineral development and processing, infrastructure and technical capacity building. Speaking at the signing ceremony, Alake said the agreement marked a new phase in Nigeria’s efforts to attract investment into the mining sector and move beyo...
Former Chairman of the defunct Pension Reform Task Team (PRTT), Abdulrasheed Maina, has challenged the Economic and Financial Crimes Commission (EFCC) to explain why it declared him wanted. Maina made the challenge in a statement on Thursday by his Senior Media and Legal Assistant, Emmanuel Umahi Ekwe. It would be recalled that the EFCC on Wednesday declared Maina wanted over an alleged case of receiving stolen property. The notice by the anti-graft agency on Wednesday identified 61-year-old Maina as an indigene of Biu, Borno State and asked members of the public with useful information about his whereabouts to contact the EFCC or the nearest police station and other security agencies. However, his legal team said the notice did not disclose the nature or description of the alleged stolen property, the transaction involved, the person or persons from whom it was allegedly received, or the date and circumstances of the alleged offence. It therefore urged the EFCC to mak...