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NEXIM: Okotete fires back at protesters

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Stella Erhuvwuoghene Okotete
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…. Says they acted out of ignorance

…. As group threatens litigation on her appointment as Executive Director

 

 

Few hours after a group under the aegis of Lawyers for Reform, threatened to drag President Muhammadu Buhari to court if Stella Erhuvwuoghene Okotete is not removed as Executive Director of Nigerian Export – Import Bank (NEXIM), the embattled bank director fired back.

The group had in a protest tagged “#Remove Stellaokotetenow” , staged in the early hours of Thursday at the main entrance of the National Assembly , said the NEXIM ED ,  is not qualified by every standard to hold the position .

Barrister Oladotun Hassan Esq, who led the protest, alleged that appointment of Stella Okotete as Executive Director of NEXIM by President Muhammadu Buhari in April 2017 was wrong headed going by clearly stipulated requirements in the extant laws governing the Bank.

According to him, Okotete did not have the required 18 years post-graduation working experience before her appointment and even not having relevant academic qualification in financial accounting, banking or any business-related courses.

” What can only be gotten from fraudulently concocted curriculum vitae of Okotete is that she is a former Counsellor and Beauty Salon Hairdresser.

” This is an errant disgrace and monumental embarrassment to Government of President Muhammadu Buhari that prides itself as Anti – Corruption Crusader.

” In the face of the law, specifically going by the Central Bank of Nigeria Act Regulations and Order 41(3) of the Senate Rule and by reason of her lack of capacity not to have served in the banking service for 18 years, Okotete is not fit and merit to continue to hold the Executive Director of NEXIM Bank, we therefore call on President Muhammadu Buhari to act decisively accordingly.

 

 

” We also request that Okotete should upon removal from office, be prosecuted for misleading the entire Nigerians with false misrepresentations used in securing the appointment.

” If nothing meaningful is not urgently done in respect to our demands on or before 7th December, 2022, we shall not hesitate to seek legal sanction against President Muhammadu Buhari led federal government of Nigeria “, he said.

But in a swift reaction by the Bank, the protesters were alleged to have acted out of ignorance.

The Bank in statement dated 1st December, 2022, said provision of section 8(3) of NEXIM Act which provides for a Managing Director, two Executive Directors and two non – executive directors, does not lay out qualification for executive directors, one of which is being occupied by Stella Okotete .

” No provision in NEXIM Act lays out qualifications for appointment of Executive Directors or any Director of the Bank.

” Okotete in collaboration with other Directors of the Bank, has within the last five years, brought growth in profitability and drastic reduction of non – performing loans “, the statement stressed.

It added that President Buhari did not violate any extant laws or in house banking procedures, on the appointments of Okotete and others.

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Immigration Officers Seize Natasha’s Passport For A Moment at Abuja Airport

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Natasha Akpoti-Uduaghan
Natasha Akpoti-Uduaghan
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A drama ensued at the Nnamdi Azikiwe International Airport in Abuja on Thursday, July 24, 2025, as the officers of the Nigeria Immigration Service (NIS) seized the international passport of suspended senator representing Kogi Central, Natasha Akpoti-Uduaghan.

The senator’s passport was seized at the Abuja airport while on her way to board a British Airways flight to London.

Eyewitnesses disclosed that the senator arrived at the international terminal of the airport with her husband, Emmanuel Uduaghan, only to be stopped by immigration officials who flagged her as a “national security risk.”

Natasha was said to have remained calm and composed throughout the ordeal, insisting that the officers have no legal authority to seize her passport.

“The court never authorised this. You have no right to hold my passport,” the lawmaker said.

Her husband was later seen making a series of urgent phone calls as the delay dragged on.

Minutes later, the senator’s passport was returned without any formal explanation, allowing her to swiftly proceed through immigration and board her flight.

 

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NLC Supports Senate On Local Content Enforcement

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The President of the Nigeria Labour Congress (NLC), Joe Ajaero, has thrown his weight behind the Senate’s push for stricter enforcement of Local Content laws, describing ongoing violations as a national crisis that continues to rob Nigerian workers of their rights and opportunities.

During a courtesy visit by the Senate Committee on Local Content, led by its Chairman, Senator Joel-Onowakpo Thomas, Ajaero lamented that many companies continue to violate Local Content provisions with impunity, employing hundreds of expatriates while sidelining qualified Nigerians.

“We need a clear strategy to enhance monitoring because this problem has persisted for too long.

“I’m with you in this cause to save this country from this calamity. Some of these violators appear untouchable, even when taken to court. Who enforces the law?” Ajaero asked.

The labour leader expressed concern that, despite the existence of robust legislation such as the Nigerian Oil and Gas Industry Content Development (NOGIC) Act, poor enforcement has allowed widespread abuse to continue, including salary discrimination and job displacement of Nigerians by foreign workers.

“While we complain about unemployment, expatriates earn double and Nigerian workers are treated as second-class citizens in their own country. This discrimination must stop,” he said.

Ajaero called for the creation of a centralised databank to document cases of violations and convictions, stressing that there must be public accountability. “We need to keep a record of how many convictions have been secured. That’s the only way to measure progress,” he said.

He also raised questions over the commitment of some government agencies, alleging that compromised enforcement officers were part of the problem. “When those meant to enforce the law become compromised, the entire system breaks down,” he stated.

Highlighting cases where refineries and large industrial projects are staffed predominantly by foreigners, the NLC president said various unions within the Congress will begin compiling and submitting detailed reports to assist the Senate Committee in its oversight duties.

“There’s a lot of good work being done under the Local Content policy in the oil and gas sector, but we are not there yet. We must go further to stop capital flight and empower our people,” he added.

The Senate committee therefore pledged to review all complaints and investigate reported violations, as part of its renewed push to enforce compliance and protect Nigerian jobs.

 

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Recess: Senate Adjourns To September 23, Tasks Committees On Pending Reports

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The Senate has adjourned plenary to September 23, 2025, marking the end of the current legislative year, with a directive to all committees to conclude work on pending reports ahead of resumption.

Senate President Godswill Akpabio made the announcement on Thursday after a closed-door executive session that lasted over an hour.

He charged all standing and ad hoc committees to make effective use of the two-month break to finalise their assignments in order to ease legislative consideration and adoption upon resumption.

In his earlier remarks, Senator Akpabio also encouraged lawmakers to use the recess period to inspect road construction projects in their constituencies and across the country.

Meanwhile, senators are expected to travel to Jos, Plateau State on Friday to attend the burial of the wife of their colleague, Senator Diket Plang.

 

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