News
Coy Invests $50m in Fibre Cement Board factory in Abuja

By Iyke Obi Durumba
The Nigeria housing construction and manufacturing sector recently received a big boost as Fibre Cement Board, an innovative building material, is now manufactured in Nigeria by the New Material Nigeria Ltd, a company which is part of the Sinoma/CNBM group a fortune 500 company with headquarters in Beijing China.
Addressing journalists during a new product news briefing, Managing Director of the company, Jackie Hui said New Material Nigeria Ltd, recently opened its factory in Abuja, its first outside China and is already producing Fibre Cement Boards of global standards.
Cement Fibre Boards are composite boards made of cement, fibers and sand used in external walls and internal partitioning.
Speaking on the cost benefits of using Fibre Cement Boards, Hui said it saves material and manpower costs and reflects positively on duration of project delivery. “You save cost. For example, this building, maybe we spend one year, two years to finish this building but using our Fibre Cement Board for partition, you can complete all the building in three months. You save the human resource, you save the cement, you save the block and most importantly, you protect the environment. It’s green and better than block”
Conducting journalists around the factory, he noted that the premises had the most up to date measures for industrial safety and had passed fire safety tests by the Federal Fire Service. With industrial equipment and installed production capacity of 5 million square meters of Fibre Cement Boards per year, the factory employs 119 Nigerians at various levels.
Dai Hui said the factory also sources its raw materials locally. “Yeah, we source locally. That’s why we have confidence to grow and stay in Nigeria. For instance, last month we were able to locate a source for one of our materials, paper pulp, from Kano. For the cement, we use Lafarge, Dangote and Bua. The other is quartz sand, and stones, we source all locally.”
Nigeria’s housing sector has a deficit of at least 20m units and experts have suggested several cost effective measures aimed at bridging the gap. With superior emphasis on strength, sound and fire proofing qualities, the local demand for Fibre Cement Boards in Nigeria has spiked.
The $50m New Material Nigeria factory meets this demand. However, Dai Hui says this is just a beginning as another factory is planned for Lagos in the near future.
Also expressing a desire to be part of Nigeria’s export-oriented industrial development, Dai Hui said the future is bright as the company plans to use Nigeria as manufacturing hub for export of Fibre Cement Boards to the entire West African region. “With the support from the Nigerian people, we can expand and so Nigeria can be hub of exportation to the whole ECOWAS, he said.
News
N10bn Alleged Loot: EFCC Probes SGF Akume’s PA ,Torhile Uchi

Indications emerged that the personal Assistant to the Secretary to the Government of the Federation, SGF Senator George Akume, Hon. Andrew Torhile Uchi, is currently in the facility of the Economic and Financial Crimes Commission, EFCC over allegations bordering on corruption, bribery and money laundering amounting to a whooping N10 billion.
A highly placed source at the Commission yesterday, confirmed to our correspondent that the embattled Uchi was invited by the operatives of the Commission on Monday, upon a petition received by the anti-graft agency over Alleged properties he acquired in Abuja, Jos, Makurdi, Gboko and Wannune in Tarka, local government Area of Benue State amounting to over N6 billion.
According to the source, further investigations so far, has revealed that between December 2023 to date the anti-graft agency has been able to trace a whooping N1.6 billion that was allegedly used in buying purch cars through four new generations banks to nine car dealers in Abuja, Kaduna, Lagos, Jos and Makurdi respectively.
The source further added that two Bureau de change operatives are currently been investigated by the Commission, over their alleged involvement in the scam, owing that most of the funds credited to embattled Torhile Andrew Uchi, emanated from their coys.
He said that the Commission is currently working towards getting a court nod to widen the scope of their investigations to the properties in Abuja, Jos and other part of the country to ascertain the source of the income and how the properties were allegedly purchased.
As of the time of filing in this report Mr. Uchi, is still in custody of the Economic and Financial Crimes Commission, EFCC, telling the dreaded operatives of the Commission how he allegedly got the funds which is largely believed to be proceeds from bribes.
Efforts to reach the spokesman of the Commission, Mr Dele Oyewale, proved abortive as his phone lines was said to be switched off.
News
Natasha suspended solely for unruly behaviour – Senate tells IPU

The Nigerian Senate has formally responded to Senator Natasha Akpoti-Uduaghan’s complaint to the United Nations Inter-Parliamentary Union (IPU), refuting allegations that her suspension was linked to claims of sexual harassment.
According to Vanguard, Senator Natasha had petitioned the global body, seeking intervention over what she described as an injustice against her.
However, in a letter signed by Senate Leader Opeyemi Bamidele, the Senate insisted that her six-month suspension was due to “gross misconduct and unruly behavior”, not allegations of sexual harassment or assault.
The letter, read by Hon. Kafilat Ogbara, Chairperson of the House of Representatives Committee on Women Affairs and Social Development, stated:
“The authority of the Senate of the Federal Republic of Nigeria firmly refutes the deliberate misinformation and false narrative being circulated by certain media organisations regarding the six-month suspension of Senator Natasha-Akpoti-Uduaghan.”
It further emphasized that “Senator Uduaghan was suspended solely for her persistent act of misconduct and disregard for the Senate Standing Orders.”
Additionally, the Senate called for a thorough investigation into the allegations she raised against Senate President Godswill Akpabio, maintaining that all due procedures were followed before her suspension.
Senator Natasha, however, vowed to continue her fight against “injustice”. Meanwhile, Senate President Akpabio has denied the accusations, asserting that he has never assaulted any woman.
The dispute between the two lawmakers intensified on February 20, 2025, after Natasha’s seat was changed during plenary. Their tensions date back to July 2024, when Akpabio rebuked her for alleged misconduct, telling her the Senate was “not a nightclub where anybody can talk anyhow.” He later apologized for the remark.
News
Gov Okpebholo recalls Edo Attorney General, Osagie, from suspension

Edo State Governor, Senator Monday Okpebholo, has reinstated the Attorney General and Commissioner for Justice, Hon. Samson Osagie, exactly 37 days after his suspension.
A letter addressed to Osagie by the Secretary to the State Government (SSG), Umar Ikhilor, Esq., and marked SGA. 15/NOL.XV111/215, conveyed the governor’s directive. The letter, dated March 12, 2025, and released at 8:15 p.m., stated that an investigative panel had exonerated Osagie of alleged financial infractions.
The letter read: “Having considered the report of the Investigative Panel set up by Government to investigate allegations of financial infractions reported against you, which has exonerated you from the said allegations, I write to convey the directive of the Governor of Edo State, His Excellency, Senator Monday Okpebholo, that you resume duties as the State Hon. Attorney General and Commissioner for Justice with effect from 12th March, 2025.”
Reacting to his reinstatement, Osagie expressed appreciation for the governor’s leadership, describing the decision as a testament to Okpebholo’s sincerity and vision for Edo State.
“I appreciate his sincerity of purpose and vision for the state. This is a clear indication that His Excellency, Sen. Monday Okpebholo, means well for the state. I use this medium to reiterate my commitment and loyalty to him and his administration,” Osagie said.
He further pledged to support the governor in advancing Edo State, emphasizing his dedication to ensuring progress and recovery in the state’s governance.
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