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Perhaps taking a cue from Ex-Super Eagles captain, Austin Okocha who went into the Nite-clubbing business with his No10 Bar in Victoria Island years back,ex-Union Bank FC captain, Onadeko Adekeye has also joined the league of ex-players to invest big time in the Entertainment sector.

The popular footballer who is now into private business opened the state of the art DE KLIMAX lounge/bar on the busy Akerele road in Surulere recently and ever since it started operations, the place has been buzzing with activities unend. It has also somewhat been the convergence point for all the hip guys and babes on the mainland. According to the lounge boss, the competitive prices DE KLIMAX offers fun seekers is the secret behind its rapid take-off.

With a VIP and VVIP section overlooking the ever busy Akerele road DE KLIMAX offers a wide range of drinks, spirit and choice canapes for the upwardly mobile.
The Christmas period is also loaded with fun  including Karaoke, Ladies nite and old skool themed nites.

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CGC Adeniyi Reactivates Over Decade-Old CMAA With US Customs & Border Protection 



…Aims to Promote Better Service Delivery to Nigerians Through Global Partnerships


The Comptroller-General of Customs (CGC) Bashir Adewale Adeniyi, On Thursday, July 18, 2024, took a significant step in strengthening global partnerships by participating in a bilateral meeting with U.S. Customs and Border Protection (CBP) in Washington, D.C. The meeting focused on reviving the over-decade-old Customs Mutual Assistance Agreement (CMAA) to enhance service delivery through global collaborations and data-driven decision-making to improve national security and effectively combat cross-border crimes.


Adeniyi emphasised that Customs officials have been actively addressing the challenges of cross-border crimes, including drug trafficking, arms smuggling, and money laundering while ensuring national security.


He highlighted the successful interception of illegal items, such as drugs and weapons, at major ports and airports in Nigeria.“Reviving the CMAA will bolster the Nigeria Customs Service’s capacity to protect the nation’s borders and enhance service delivery, paving the way for a more secure and prosperous future for all Nigerians”, he added.


He also stressed the need for increased capacity building to tackle Intellectual Property Rights (IPR) enforcement and opiate issues. “Our efforts at the ports and airports have yielded significant results, but there is still much to be done in capacity building and enforcement,” he said.


Adeniyi underscored the importance of a Center for Advanced Cargo and Passenger Data Analysis to mitigate risks. He pointed out the success of prosecuting wildlife criminals and discussed the need for such a centre to enhance cargo and passenger security.


Additionally, he advocates for an advanced command and control centre to address security concerns. “A dedicated targeting data fusion centre will significantly improve our ability to manage risks and enhance security measures,” Adeniyi explained.


The meeting also covered the challenges of commercial air cargo security and potential partnerships with U.S. government agencies. Adeniyi highlighted the importance of future operations, including CBP’s global targeting advisory directors and their capabilities in information sharing on cargo and passenger sides. “By customising our approaches and collaborating globally, we can address the complexities of air cargo security more effectively,” he remarked.


In his reaction, James Collins, Assistant Commissioner of the Office of International Affairs at U.S. Customs and Border Protection, emphasised data integration, partnerships, and targeted efforts to address transnational criminal groups exploiting seams and boundaries. “Integration of data and international cooperation is crucial in countering transnational threats”.


James Collins also highlighted the importance of collaboration and information sharing in border security and intelligence gathering. He emphasised investing in capacity building, train-the-trainer programs, and targeted training to address gaps in border security. Collins stressed the need for secure channels for sharing intelligence and building partnerships with international organisations to sustain efforts in combating illicit trade and traffic. “Continuous training and secure intelligence sharing are vital to our success in maintaining border security,” Collins noted.


Key action items identified include establishing specific channels for continued intelligence sharing between Nigeria Customs and CBP, exploring operational partnerships between Nigeria Customs units and networks like CBP to coordinate cross-border responses, leveraging INTERPOL programs and collaborating with other West and Central African countries on transnational crimes.


The meeting concluded with a presentation on Artificial Intelligence by Sunil Madhugri from the Office of Information and Technology, U.S. Customs and Border Protection, highlighting the future of technology in enhancing customs operations and security. “Artificial intelligence will play a pivotal role in our strategy to modernise and secure our borders,” Madhugri said.


In a related event, CGC Bashir Adewale Adeniyi visited the Nigerian Embassy in the USA, where he was received by Mr. Rabiu Lawal, Charge d’Affaires a.i, and his team. The CGC appreciated them for their warm reception and their tireless efforts for all the Nigerians in the diaspora.

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Court Orders CBN, EFCC to Investigate Afex Commodities Exchange company Accounts in 28 Banks over N17.8 Billion debt.



The presiding Judge of a Federal High Court in Lagos, Justice Chukwujekwu Aneke has granted an ordered mandating Central Bank of Nigeria (CBN), and the Economic and Financial Crime Commission (EFCC) to carry out investigation on the accounts of a limited liability company Afex Commodities Exchange Limited in 28 commercial banks in Nigeria following its inability to pay N17,808,452,467.107 loan facilities it took from Guaranty Trust Bank.


Justice Aneke granted the order sequel to an application filed and argued before the court on behalf of Guaranty Trust GTBank by a Senior Advocate of Nigeria, Chief Ajibola Aribisala.


The investigation is to cover the period of February 27, 2024 to May 27, 2024 to ascertain whether Afex Commodities Exchange maintain accounts with the 28 banks, and whether there has been any falsification of the account statements of the company in the 28 banks listed in the application filed before the court

The court also ordered the Central Bank of Nigeria CBN, and Economic and Financial Crime Commission EFCC within minimum of 30 days from the date of service of the Orders on them to file their report before the court.

Chief Ajibola Aribisala (SAN) also urged the court to adjourn the matter to enable the CBN,and EFCC to comply with the order of the court within the stipulated time.


Chief Aribisala told the court that 90 percent of all the banks directed by the court to disclose all monies standing to the credit of the alleged debtor’s account in their custody have not been truthful and have failed to present accurate accounts before the court.


He urged the court to await the report of investigation by the CBN and EFCC before entertaining any further application(s) in the matter

However Opposing the application for adjournment, Afex lawyer, Professor. Olawale Olawoyin SAN urged the court to hear the Preliminary Objection filed by the defendants and release some persons cited for contempt of court, who have nothing whatsoever to do with the matter.

In his ruling, Justice Aneke adjourned the matter till September 26, 2024 for hearing of pending applications.

The court had authorized Guaranty Trust Bank (GTBank) to temporarily take over the funds and assets of Afex Commodities Exchange following its N17.8 billion Central Bank of Nigeria (CBN) Anchor Borrowers’ loan.


Justice Aneke granted the interim order after entertaining an application filed on behalf of GTBank by its counsel, Chief Ajibola Aribisala (SAN).

The N17,808,452,467.107 debt is made up of “N15,766,475,417.06 being the amount outstanding and unpaid, as of April 17, 2024, on the loan facilities (with the accrued interest) granted by the bank to the company

The bank averred that the tenure of the facility was nine months, intended to finance smallholder farmers registered under the CBN Anchor Borrower’s programme.


The source of the repayment was to come from the sale of the maize produced, while the maturity date for the loan was April 22, 2021.

However,according to the bank the company did not fulfil its end of the deal.

Consequently,while granting GTBank’s prayer, Justice Aneke ordered a “Place a No Debit” on all monies standing to the credit of Afex Commodities Exchange as of the day the order was served on the first to 28th respondent banks.

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