EL-RUFAI TO REMAIN IN ICPC CUSTODY AS COURT DELAYS BAIL HEARING UNTIL JUNE. (PHOTO).

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 El-Rufai To Remain In ICPC Custody As Court Delays Bail Hearing Until June Former Kaduna State governor Nasir El-Rufai will remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) until at least June 2026 after his bail hearing was postponed. Justice Darius Khobo of the Kaduna State High Court adjourned the hearing to the first week of June.  El-Rufai is currently facing an amended nine-count charge involving alleged fraud and abuse of office brought against him by the ICPC. The former governor had earlier appeared in court to seek bail, but the judge deferred ruling on the application.  Meanwhile, in a separate case, he was granted bail by Justice Rilwanu Aikawa of the Federal High Court in Kaduna, set at ₦200 million.  Despite this, the court directed that he remain in ICPC custody until all bail conditions are met. Among the conditions, El-Rufai is prohibited from making public statements about the case and is requi...
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PRESIDENT TINUBU APPROVES TARGETED INCENTIVES TO UNLOCK JOBS, FX INFLOWS FROM SHELL’S BONGA SOUTHWEST PROJECT AND OTHER DEEP OFFSHORE PROJECTS. (PHOTOS). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU APPROVES TARGETED INCENTIVES TO UNLOCK JOBS, FX INFLOWS FROM SHELL’S BONGA SOUTHWEST PROJECT AND OTHER DEEP OFFSHORE PROJECTS

 

President Bola Ahmed Tinubu has approved the gazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore oil project by Shell and its partners.

 

The President also directed his Special Adviser on Energy, Mrs. Olu Verheijen, to facilitate the gazette of the incentives in line with Nigeria’s existing legal and fiscal frameworks.

 

Receiving the Shell delegation led by its Global Chief Executive Officer, Wael Sawan, President Tinubu said the incentives are disciplined, targeted, and globally competitive, designed to attract new capital without undermining government revenues.

 

 “These incentives are not blanket concessions,” the President stated. “They are ring-fenced and investment-linked, focused on new capital and incremental production, strong local content delivery, and in-country value addition.

 

“My expectation is clear: Bonga South West must reach a Final Investment Decision within the first term of this administration.”

 

President Tinubu emphasised that the Bonga South West project is strategic to Nigeria’s economy, with the potential to create thousands of direct and indirect jobs, generate significant foreign-exchange inflows, and deliver sustained government revenues over the life of the project. He added that the project would also deepen Nigerian participation in offshore engineering, fabrication, logistics, and energy services.

 

The President reaffirmed his administration’s commitment to policy stability, regulatory certainty, and speed, noting that these reforms are critical to restoring investor confidence and positioning Nigeria as a preferred destination for large-scale energy investment.

 

 He further noted that Shell and its partners have invested nearly US$7 billion in Nigeria in the past 13 months, particularly in Bonga North and HI, describing this as a clear sign that Nigeria’s economic and energy-sector reforms are delivering results.

 

In his remarks, Mr. Sawan said Nigeria’s investment climate has improved remarkably under the Tinubu administration, adding that Shell is increasingly confident in Nigeria as a destination for long-term investment.

 

Members of the Shell delegation included senior executives from Shell’s global and Nigerian leadership.

 

Sunday Dare

Special Adviser to the President

(Media & Public Communication)

January 22, 2026.

One more photo below. 


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