34 killed by armed gang in Nigeria

At least 34 people, including seven soldiers, were killed in an attack by a gang of armed men in Nigeria's northwest Zamfara state, the head of a vigilante group and residents said.

The attack in the remote Dan Gulbi district of the Maru local government area of the state occurred on Monday afternoon, Ismail Magaji, the head of the local vigilante group, told Reuters.

Lawali Zonai, a resident, said, "27 villagers were killed in the attack while seven military personnel were ambushed on their way to aid the community from the gruesome attack."

A spokesperson for the Zamfara state police did not immediately respond to calls seeking to confirm the incident.

Gangs of heavily armed men, locally referred to as bandits, have wreaked havoc across Nigeria's northwest in the past three years, kidnapping thousands, killing hundreds and making it unsafe to travel by road or farm in some areas.

The attacks have confounded Nigeria's security forces that are overstretched combating a 14-year Islamist insurgency in the northeast, violent farmer-herder and sectarian clashes in the central region and rising attacks by a separatist group in the southeast.

By Ahmed Kingimi, Reuters

Suspended central bank governor of Nigeria denies firearm charges

Suspended Nigerian central bank governor Godwin Emefiele appeared in court on Tuesday to deny illegally possessing a firearm and ammunition, the first time he has been seen in public in more than a month.

Emefiele was detained by the Department State Services (DSS) on June 10, a day after new President Bola Tinubu suspended him. A judge this month ordered the agency to file charges or release him.

Emefiele, dressed in a white kaftan and looking frail, pleaded not guilty to two counts of illegal possession of a firearm and ammunition, a Reuters reporter said.

The court granted Emefiele bail on condition of paying 20 million naira ($25,500) and said he should be remanded in custody in prison until the bail conditions are met or until Nov. 14, when next his case next comes up for hearing.

Emefiele was re-arrested by DSS officers after clashing with prison officials who attempted to take him into custody in line with the court's ruling.

Government lawyers had asked the courts in June to authorise Emefiele's detention for allegedly misappropriating funds and "criminal breach of trust", charges that carry lengthy jail terms if proved.

They secured a court order to hold Emefiele pending further investigations.

Emefiele was known for using unorthodox policies to keep the country's naira currency artificially strong and lending directly to businesses to try to boost growth.

Tinubu, who is embarking on the boldest reforms in Africa's biggest economy in more than a decade, criticised the central bank's policies under Emefiele at his inauguration in May, saying they needed "thorough house-cleaning", without providing details.

The central bank is due later on Tuesday to announce its first interest rate decision since Emefiele's suspension. One of Emefiele's deputies, Folashodun Shonubi, is acting central bank governor. 

By Chijioke Ohuocha and Seun Sanni, Reuters

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Nigeria Raises $500 Million to Boost Agriculture Industry

Nigeria’s government has raised more than $500 million to transform food production in Africa’s most-populous nation.

The funds come from sources including multilateral development banks and international financial institutions, Vice President Kashim Shettima said in a statement on Tuesday. The money will be used for “innovation finance for food system transformation, development of Nigeria’s agro value chain and special agro-industrial processing zones programmes,” he said.

President Bola Tinubu’s administration declared a state of emergency last week to allow the state to take exceptional steps to boost food security and supply, as the country of more than 200 million people grapples with inflation accelerating at the fastest pace in two decades. Measures being considered include clearing forests for farmland to boost agricultural output and ease food costs.

Read more: Surging Food Prices Spur Nigeria to Declare an Emergency

The government is also taking steps to improve security in the country, where a decade-long insurgency by Islamist militants and attacks by bandits have curbed farm output.

“The president has already approved the infusion of a huge quantum of funds towards repositioning of our security architecture,” Shettima said. “We are repositioning our security architecture to provide support for farms and farmers.”

Bloomberg

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8 Killed in fuel explosion in Nigeria

At least eight people were killed when a fuel truck exploded in southwestern Nigeria as residents were trying to siphon petrol out of it, police said on Monday.

The truck was involved in an accident on Sunday night in a neighbourhood of Ondo state which caused it to veer off the road and topple on its side, the police said.

"Some people went there to scoop fuel, in the process the tanker exploded," said Ondo state police spokesman Fumilayo Odunlami-Omisanya.

The price of petrol has more than tripled since the removal of a decades-old subsidy at the end of May, hitting motorists and households and small businesses who use petrol generators for power.

By Tife Owolabi, Reuters 

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