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Rice may sell for N30,000 again! *BUA boss vows to crash prices
Abdul Samad Rabiu, on Thursday raised hope of Nigerians once again enjoying rice – their most staple food item without much tears, saying his BUA Group, would do everything within its powers to crash the cost by fighting those currently hoarding the item.
Acknowledging that prices had already decreased over the past year, he commended President Bola Tinubu for granting waiver on imported food items, saying that his “foresight” helped crash food prices in the country.
Stressing the impact of the President’s suspension of customs duties on imported food items to stem food inflation, the business mogul, told State House Correspondents after meeting with Tinubu that BUA Foods keyed into that policy and was able to import quite a lot of wheat, maize and rice.
His words: “At the time food prices were really very high last year. For example, the price of rice was about N100,000 or thereabout per 50 kilo bag. The flour was about N80,000 per bag and maize was about N60,000 per 50 kilo bag, and pasta above N20,000 per Carton. So what we did was, we keyed into that policy and BUA was able to import quite a lot of wheat, maize and rice.
“And the moment the shipment started coming, we started processing, we crushed the prices of some of these commodities. And today I’m happy to inform you that the price of rice is about N60,000 from what it was last year at N110,000. Flour is today N55,000 Naira per 50 kilo bag.
“Maize is about N30,000. And this happened because of Mr President’s foresight and vision by introducing that one-off duty waiver for a period of six months, and with that, we’ve been able to bring down the prices of these commodities.”
“So, what has been happening and a lot of people probably don’t know this, is that Nigerians, a lot of companies in Nigeria usually buy a lot of paddy. That is rice paddy. Rice Paddy is what you use to process rice. So, the moment the harvest season starts, a lot of people will now buy a lot of these paddy and hold it for a period of three to four months. The moment the season finishes, then the price will double. So, a lot of people don’t know that, but that has always been the problem.
“That does not really in any way affect the farmer, because the farmer is getting his four to N500,000 per ton of paddy. But the people that are buying and holding for three to four months, once the season finishes, it goes back up to N800,000. Hence why you are getting N110,000 per bag.
“So, what that intervention did at the time when we brought in was to create an issue for those hoarders. Because the moment we imported, we were selling, and those others had a lot of paddy, they could not sell, and the price now came down, and it is still down. So a lot of those hoarders are actually crying now and losing money.
“What we are doing as rice millers is that we want to ensure that rice millers are not buying and hoarding paddy, although at the end of the day, it’s quite difficult to stop that. But what is happening is that once they know that there is rice availability imported, because BUA has imported enough rice to last us until the end of the year, for example.
“So, they know that if they try to hoard rice and try to take it up, BUA is there and will crash the price. So, I am hopeful that at the end of the day, the price of rice going forward is not going to go any higher than what it is today.
“And I’m sure as soon as the season starts, the farmers will get the price they’ve always gotten, and the price of rice is going to stay the same, because people will be wary of hoarding, because if they hoard it is going to be a problem for them, because they might lose money. So that is on rice.
“And again, let me use this opportunity to thank His Excellency, for his foresight, for his vision, because I actually didn’t see that. I didn’t know that that was going to work, but we keyed in. We imported and we have supported, and now prices are down. So that is what we did, and we will continue to do to support the efforts of the government to ensure that food prices continue to come down. And I’m sure prices will come down.
“It is quite interesting that when prices were quite high, N100,000 everybody was shouting, now that prices are down or are coming down, it is like, nobody is coming out to say, look, food prices are coming down, but I’m happy to say that food prices are coming down, and they will continue to come down. That is what BUA foods is doing to support the efforts of the government in ensuring that food prices are down.”
Hours after Justice Mohammed Umar of the Federal High Court, Abuja, ordered issued a bench warrant for the arrest Adeniyi Adeyemi, the controversial Director General of the Presidential Foreign Intervention Promotion Council (PFIPC), is currently in the custody police authorities.
Pictures and videos of embattled PFIPC boss being questioned in what appeared an interrogation session, surfaced on social media on Tuesday evening, with few details still sketchy on whether the police actually hunted him down or he surrendered himself.
Latest information, indicate that he is currently in the custody of the Osun State Police Command, according to a report by Channels Television, who confirmed that he has been taken in.
The order came on the prompting of Wisdom Madaki, the police lawyer after Adeyemi failed to appear in court to take his plea before on an eight-count charge marked FHC/ABJ/CR/562/2025, which relates to forgery, fraud and impersonation.
The court took the decision despite the spirited efforts by Genesis Francis, Adeyemi’s lawyer to mitigate the situation when he told Umar: “The defendant is afraid for his life. He has to be alive to be able to face trial. They have been looking for him even without an order of court.”
Regardless, the judge, while brushing aside the defence, said he was minded to accede to the application for the issuance of a warrant of arrest against the defendant, noting since case was filed on November 27, 2025, with proceedings not commencing until December 4, 2025, Adeyemi did not appear before the court more than once.
“Since then, he has failed to appear before this court on four consecutive dates,” he said, while mandating security agencies to arrest and produce the embattled PFIPC boss before the court on September 30 for arraignment.
During trial, witnesses including Femi Gbajabiamila, Chief of Staff (CoS) to the President; Paul Emmanuel; Jeremiah Imoukhede; and Ituah Sylvester, are billed to testify for the prosecution alongside the Office of the Accountant General of the Federation (OAGF), Akimbo Shola and Adamu Balongu, as well as a Deputy Superintendent of Police.
The order is coming on the heels of Adeyemi’s outcry that his life was in danger, while debunking the allegation that he was a fugitive running away from the law, saying he would appear in court once he had assurance that he would be protected from those tracking him in attempts to take his life.
A guest of Politics Today, a public affairs programme on Channels Television, Adeyemi, had told his host on Monday: “I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life,” Adeyemi added.
He also maintained his allegation that he paid N400 million through a proxy to President Tinubu’s Chief of Staff, Gbajabiamila, to secure his appointment as DG of the disputed council. I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life.”
An interim police investigation report had exposed how the defendant allegedly forged appointment letters and official documents to create the impression that the PFIPC was a legitimate federal government agency.
Police disclosed that the investigation was initiated after the Office of the Chief of Staff to the President petitioned the Inspector-General of Police (IGP) on October 17, 2025, over the activities of individuals allegedly forging official appointment letters purportedly issued from the office.
The petition added that preliminary findings showed the forged documents contained falsified signatures, reference numbers, official seals, and the Nigerian Coat of Arms, and that they were allegedly used to appoint individuals into the non-existent PFIPC.
Adeyemi, who was identified as the principal suspect, allegedly presented himself as the DG of the council and operated from an office within the Federal Secretariat Complex, Phase III, Abuja.
One of those allegedly linked to the fraud, Dolapo Babatunde Tanimola, was said to have died in a fire incident at a hotel in Abuja.
Justice Mohammed Umar of the Federal High Court, Abuja, on Tuesday, issued a bench warrant for the arrest of Adeniyi Adeyemi, controversial Director-General (DG) of an alleged “non-existent,” Presidential Foreign Investment Promotion Council (PFIPC).
The order came on the prompting of Wisdom Madaki, the police lawyer after Adeyemi failed to appear in court to take his plea before on an eight-count charge marked FHC/ABJ/CR/562/2025, which relates to forgery, fraud and impersonation.
The court took the decision despite the spirited efforts by Genesis Francis, Adeyemi’s lawyer to mitigate the situation when he told Umar: “The defendant is afraid for his life. He has to be alive to be able to face trial. They have been looking for him even without an order of court.”
Regardless, the judge, while brushing aside the defence, said he was minded to accede to the application for the issuance of a warrant of arrest against the defendant, noting since case was filed on November 27, 2025, with proceedings not commencing until December 4, 2025, Adeyemi did not appear before the court more than once.
“Since then, he has failed to appear before this court on four consecutive dates,” he said, while mandating security agencies to arrest and produce the embattled PFIPC boss before the court on September 30 for arraignment.
During trial, witnesses including Femi Gbajabiamila, Chief of Staff (CoS) to the President; Paul Emmanuel; Jeremiah Imoukhede; and Ituah Sylvester, are billed to testify for the prosecution alongside the Office of the Accountant General of the Federation (OAGF), Akimbo Shola and Adamu Balongu, as well as a Deputy Superintendent of Police.
The order is coming on the heels of Adeyemi’s outcry that his life was in danger, while debunking the allegation that he was a fugitive running away from the law, saying he would appear in court once he had assurance that he would be protected from those tracking him in attempts to take his life.
A guest of Politics Today, a public affairs programme on Channels Television, Adeyemi, had told his host on Monday: “I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life,” Adeyemi added.
He also maintained his allegation that he paid N400 million through a proxy to President Tinubu’s Chief of Staff, Gbajabiamila, to secure his appointment as DG of the disputed council. I’m ready to show my face. I’m not hiding. I’m only fearing for my life because I have it on good authority that my life is in danger. There have been several attempts on my life.”
An interim police investigation report had exposed how the defendant allegedly forged appointment letters and official documents to create the impression that the PFIPC was a legitimate federal government agency.
Police disclosed that the investigation was initiated after the Office of the Chief of Staff to the President petitioned the Inspector-General of Police (IGP) on October 17, 2025, over the activities of individuals allegedly forging official appointment letters purportedly issued from the office.
The petition added that preliminary findings showed the forged documents contained falsified signatures, reference numbers, official seals, and the Nigerian Coat of Arms, and that they were allegedly used to appoint individuals into the non-existent PFIPC.
Adeyemi, who was identified as the principal suspect, allegedly presented himself as the DG of the council and operated from an office within the Federal Secretariat Complex, Phase III, Abuja.
One of those allegedly linked to the fraud, Dolapo Babatunde Tanimola, was said to have died in a fire incident at a hotel in Abuja.
Meanwhile, Adeyemi, who has since denied that the PFIPC was non-existent, demanded an independent, multi-stakeholder investigative panel to probe the controversy surrounding the alleged N1.3 billion budget insertion for the Council in the 2026 Appropriation Bill.
In an open letter to President Tinubu, Adeyemi said he was prepared to provide documentary evidence and fully cooperate with investigators once an independent panel was constituted.
He recommended the inclusion of representatives of civil society organisations, the Nigerian Bar Association (NBA), independent media organisations, international financial institutions, human rights groups, and diplomatic missions, as well as the ICPC and the EFCC, on the independent investigative panel.
Meanwhile, Adeyemi, who has since denied that the PFIPC was non-existent, demanded an independent, multi-stakeholder investigative panel to probe the controversy surrounding the alleged N1.3 billion budget insertion for the Council in the 2026 Appropriation Bill.
In an open letter to President Tinubu, Adeyemi said he was prepared to provide documentary evidence and fully cooperate with investigators once an independent panel was constituted.
He recommended the inclusion of representatives of civil society organisations, the Nigerian Bar Association (NBA), independent media organisations, international financial institutions, human rights groups, and diplomatic missions, as well as the ICPC and the EFCC, on the independent investigative panel.
Abdulrahman Bello, must die for the murder, Hafsoh Yetunde Lawal, a final-year student of the Kwara State College of Education, Ilorin, the Court of Appeal has insisted, rebuffing the attempt of the self-acclaimed Islamic cleric, to upturn the verdict of an Ilorin High Court.
Affirming the earlier death sentence imposed on cleric for the murder of the female student, said to be his lover, on February 10, 2025, at the Olunlade area of Ilorin, which attracted widespread public outrage across Kwara State and beyond, the appellate court said it found no reason to upturn the earlier verdict of the lower court.
Bello, who was one of the five people arraigned on charges bordering on conspiracy, murder, unlawful removal and possession of human parts and blood, also faced a rape charge, of which he was eventually acquitted by the trial court.
Justice Gabriel Omoniyi Kolawole, who led a three-man panel of the appellate court, while dismissing his appeal, held that the prosecution proved beyond reasonable doubt that he murdered the victim and was unlawfully in possession of human parts.
The appellate court consequently upheld the judgment of the Kwara State High Court, which sentenced Bello to death by hanging and imposed an additional 10-year jail term over his conviction for unlawful possession of human parts.
The court held that there was no merit in the appeal and consequently affirmed both the conviction and the sentence imposed by the trial court.
According to the appellate court, the trial court properly evaluated the evidence before it and rightly concluded that the prosecution established the offences beyond reasonable doubt.
The appellate court said it believed the position of Ibrahim Sulyman, Kwara State Attorney General and Commissioner for Justice, Issa Zakari, Chief State Counsel, and B.L. Abdulsalam, Assistant Chief State Counsel, who led the prosecution.
Hailing the judgment as another significant milestone in the state’s criminal justice administration, Sulyman, said in a statement: “The judgment underscores the commitment of the Kwara State Ministry of Justice and the judiciary to ensuring that criminal cases are determined strictly in accordance with the law and the evidence presented before the courts.
“It also reaffirms the principle that persons found guilty of grave offences, after a fair trial, will be held accountable under the law. The appellate court’s decision would strengthen public confidence in the justice system.
“The affirmation of the conviction and sentence represents another milestone in the administration of criminal justice and reinforces public confidence in the rule of law and the appellate process. The convict still retains any further rights of appeal available to him under the Constitution and other applicable laws.
Justice Hannah Ajayi of the Kwara State High Court, sitting at Ilorin, hand on July 2025 sentenced Bello to death after finding him guilty of murdering and dismembering Lawal, after describing his act as “the highest degree of human wickedness, and a premeditated and cold-blooded act.”
Dismissing Bello’s claims that he loved the deceased and intended to marry her as merely an afterthought designed to deceive the court, Ajayi, also ruled the convict’s conduct after committing the crime and before his arrest suggested that it might not have been his first involvement in such an act, while a book on money-making charms recovered from his apartment further strengthened the prosecution’s case.
Justice Ajayi further held that the video and written confessional statements obtained by operatives of the Department of State Services and the police were lawfully admitted in evidence, dismissing Bello’s allegation that he was tortured into making the confessions.
While acquitting Bello of the rape charge, the trial court convicted him of murder and unlawful possession of human parts, sentencing him to death by hanging for the murder and imposing a 10-year prison term, with an option of a N100,000 fine, for the human parts offence.
The court also discharged and acquitted the four other defendants in the case — Ahmed Abdulwasiu, Suleiman Muhydeen, Jamiu Uthman and Abdulrahman Jamiu — after holding that the prosecution failed to establish their involvement in the offences.
Reacting to the High Court judgment at the time, the Emir of Ilorin and Chairman of the Kwara State Traditional Rulers Council, Ibrahim Sulu-Gambari, described the killing as tragic and commended the judiciary for ensuring justice.
“The gruesome murder of Hafsoh Yetunde Lawal was pathetic, unfortunate, regrettable and worrisome,” the monarch said in a statement issued by his Press Secretary, Abdulazeez Arowona.
“The judgment has further brightened the hope and trust of the people in the judiciary and security agencies. May Almighty Allah repose the soul of the late Hafsoh Lawal and comfort her family members.”
The monarch also urged parents and guardians to be vigilant and closely monitor the activities and movements of their children and wards to prevent a recurrence of such incidents.
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