EFCC ARRAIGNS MAN FOR ALLEGED ₦55M FRAUD IN LAGOS. (PHOTO). #PRESS RELEASE.

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 EFCC Arraigns Man  for  Alleged ₦55m Fraud in Lagos The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, on Wednesday, December 3, 2025 arraigned one Gabriel Celestine Nwawuzor, before Justice Daniel Osiagor of the Federal High Court in Ikoyi, Lagos for ₦55m fraud. Nwawuzor was arraigned alongside Moonlink Pharmaceuticals Limited, on a 3-count charge bordering on fraud and money laundering to the tune of N55,000,000 (Fifty Five Million Naira) One of the counts reads: "That you Gabriel Celestine Nwawuzor and Moonlink Pharmaceuticals Limited sometime in April, 2021, in Lagos, within the jurisdiction of this Honorable Court procured the account number 2170235882 domiciled in Zenith Bank to retain the sum of N55, 000, 000.00 ( Fifty Five Million Naira) which sum you knew forms part of the proceeds of your unlawful act and you thereby committed an offence contrary to Sections 21(a), 18(2)(d) of the of Money Laundering (Prevention and Prohibitio...
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FG COMMENCES TOUR OF KADUNA TEXTILE HUBS TO REVIVE COTTON AND GARMENT INDUSTRY. (PHOTOS).

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 FG Commences Tour Of Kaduna Textile Hubs To Revive Cotton And Garment Industry


In a renewed push to revitalize Nigeria’s struggling textile industry, the Federal Government has begun a strategic tour of major textile hubs in Kaduna State, starting with visits to United Nigerian Textiles Limited (UNTL) and Chellco Industries.


The inspection tour was led by the Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, accompanied by the Managing Director of the Bank of Industry (BOI), Dr. Olasupo Olusi. 


The initiative is part of the federal government’s broader agenda to rejuvenate the cotton, textile, and garment (CTG) value chain and boost job creation across the sector.


At UNTL—one of Nigeria’s oldest textile firms—the delegation was received by the Emir of Kano and Chairman of the company, His Highness Sanusi Lamido Sanusi. 


The Emir expressed concern over the factory’s shutdown in 2022, attributing it to prevailing economic challenges. At its peak, UNTL employed over 10,000 Nigerians.


“The UNTL complex once symbolized Nigeria’s industrial prowess. Its collapse is not just a loss for Kaduna, but a stark reflection of the wider issues facing our manufacturing sector,” Sanusi remarked.


The delegation also visited Chellco Industries, one of the few textile companies in Kaduna that have remained in continuous operation since 1980. Senator Enoh commended the management for its resilience and dedication despite decades of economic headwinds.


“Chellco’s determination to remain operational, retain over 290 employees, and sustain production is a shining example of private-sector perseverance,” the minister said. He reaffirmed the government’s commitment to supporting such enterprises through policy reforms, financial interventions, and expanded market access.


The tour is expected to pave the way for concrete measures to restore the textile industry to its former glory and reposition it as a major employer within Nigeria’s industrial landscape.

More photos below. 







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