BusinessHighlight

Ministers didn’t shun US-Nigeria summit, says FG…As controversy continues to trail event

744

After almost 72 hours, fallout from the contentious Nigeria-US Summit continues to reverberate throughout Washington and Nigeria.

The Emir of Kano, Alhaji Lamido Sanusi, over the week-end expressed disappointment over the federal government’s poor attitude to the attraction of foreign investors.

“You invite top investors, your ministers are in Washington, and they do not come to talk to the investors about Nigeria. That is not how you attract investors. If you have this forum in the Rwandan Embassy, I assure you that President Paul Kagame himself would be there telling people to come, Sanusi at the venue of the event.

The Federal Government on Monday denied reports that Ministers who were invited to the US-Nigeria Investment Summit shunned the forum.

In a statement issued in London on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed, said most of the Ministers who were slated to attend the event were not invited and were not in Washington, DC, at the time, hence the insinuation that some Ministers collected estacodes without attending the forum is baseless.

He said the Ministers of Agriculture; Power Works and Housing and Budget and National Planning did not get any invitation from the organizers, even though they were listed among those who were expected to attend.

Alhaji Mohammed said the Minister of Industry, Trade and Investment, who was invited, was with the President at the Commonwealth Heads of Government Meeting (CHOGM) in London at the time of the summit, while the Minister of Finance, who was in Washington, DC, at the time, was there purposely to attend the 2018 Spring Meetings of the World Bank and the International Monetary Fund.

He said though he (Minister of Information and Culture) was invited to the forum, he wrote back to inform the organizers that he would not be able to make the trip due to conflicting schedules.

”It is clear from the foregoing that no Minister shunned the US Investment Summit and that the reports being circulated in that regard are bereft of facts,” the Minister said.

Meanwhile, controversy has trailed the summit with many describing it as ‘shoddy’.

Per Second News investigation in Washington revealed that the Embassy of Nigeria is facing a civil lawsuit by a businessman who alleged that he put together the “Meet and Partner with Government Policy Makers Institutional Investors Corporate Leaders” summit but the project was hijacked by officials at the Embassy of Nigeria.

The event initially billed to take place at the  5-Star  JW Mariott hotel in NorthWest, Washington, was changed to the lobby of the embassy due to financial constraints.

Officials of the hotel said organizers did not come up with advance payment and were advised to look for another venue.

Most members of the Corporate Council of Africa, CCA, the leading U.S. business association focused solely on connecting business interests in Africa did not attend the program.

CCA is the key resource group for conducting successful business in Africa and in an era of shifting U.S. policy and rapidly changing markets.

 

EDITOR’S NOTE

This is a developing story and will be updated.

 

 

Leave a comment

Related Articles

Just In: Terrorism & Arms Charges: DSS Arraigns ex-AGF Malami, Son

Former AGF Abubakar Malami and his son, Abdulazeez, have been remanded in...

“No Deal”: Presidential Claimant Fernando Dias Rejects Guinea-Bissau Junta’s Transition Plan

By Paul Ejime Dr Fernando Dias da Costa, who claimed victory in...

UK Prosecutors Reveal Diezani Spent £140k on Luxury Furniture in One-Day Shopping Spree

As the trial of former Nigerian Petroleum Minister Diezani Alison-Madueke continues in...

“Democracy Forbids It”: Falana Argues Against Court-Martial for Soldiers in Alleged Coup

Mr. Femi Falana (SAN), prominent human rights lawyer, has argued that military...

“I Can Account for My Wealth”: Malami Petitions Court to Vacate Forfeiture Order

Former Attorney General of the Federation and Minister of Justice, Abubakar Malami...

Bonga FPSO Shutdown for Maintenance, Nigeria’s Oil Output to be Affected

Shell Nigeria Exploration and Production Company (SNEPCo) has announced the shutdown of...

Traders Count Losses as Fresh Fire Ravages Kano’s Singa Market

Barely two months after a crippling fire outbreak, Singa Market in Kano...

Tragedy in Abuja: Rising Music Star Ifunanya Dies After Snake Bite

A bright light in Nigeria’s music scene has been extinguished. Ifunanya Nwangene,...

Ademola Lookman Set to Join Atlético Madrid in €40m Deal

Nigerian forward Ademola Lookman is poised to join Atlético Madrid in a...

Ogun Gov. Abiodun to Unveil State-Owned DisCo, New World Bank-Power Projects, Mini-grids

Ogun State is gearing up for a major power boost with the...

First HoldCo Plc Hits Record N3.4trn in Gross Earnings

Backed by a successful capital raise, First HoldCo Plc finished 2025 with...

Billionaire Femi Otedola Boosts Stake in First HoldCo to 18.12%

Femi Otedola, group chairman of First HoldCo Plc, has increased his stake...

Kano Secures ₦1trn Rail Project After Governor’s High-Profile Defection to APC

Barely 48 hours after joining the ruling All Progressives Congress (APC), Kano...

Emefiele’s Trial: Ex-CBN Director Admits to $2.5m ‘Gift’ Linked to $6.2m Election Logistics Fund

Bashirudeen Maishanu, a former Deputy Director of Banking Supervision at the Central...

“Selective Payouts”: Dozens of ‘Concerned’ Lawyers Demonstrate at Finance Ministry, Abuja

Lawyers representing the Concerned Lawyers for Probity and Justice protested at the...

Historic Milestone: Sarah Mullally Confirmed As First Female Archbishop of Canterbury

History was formally etched into the foundations of the Church of England...

17 Days to Go: Access Bank Lagos City Marathon Unveils Key Details

With the 2026 Access Bank Lagos City Marathon just 17 days away,...

FG to Recall Military Retirees to Secure High-Risk “Ungoverned Spaces”

The Federal Government has launched a strategic initiative to deploy military veterans...

Boardroom Titan, Business Mogul Otunba Adekunle Ojora Exits

Renowned Lagos patriarch Otunba Adekunle Ojora has died at 93. The Olori...

FCTA Strike: NLC Defies Court Order, Tells Workers to Continue Action

The Nigeria Labour Congress (NLC) has signaled its intent to continue industrial...