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Nearly €20 million in contention as Chad arrests top oil sector, banking officials

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An investigation into embezzlement at the national oil company in Chad has led to the arrest of a group of senior officials from Chad’s oil and banking sectors.

According to the government, the arrest has been on over the past 10 days.

The Minister of Communication and government spokesman, Abderaman Koulamallah on Sunday said the embezzlement of 13 billion CFA francs (nearly 20 million euros) within the Chadian oil company (SHT) and the National Security Agency (ANS), the internal and external intelligence services, is conducting the investigation.

Among those arrested is the former private secretary of General Mahamat Déby, Idriss Youssouf Boy. Michel Boayam and Tahir Issa Ali Souleymane were also questioned in the framework of the investigation.

“Many people have been arrested and some have been released as part of the investigation into financial misappropriations of 13 billion CFA francs at the SHT.

“The case is currently being handled by the judiciary” and some of the defendants will eventually be presented to a judge at the end of the preliminary investigation, the spokesman added, without giving any details of the charges.” Koulamallah told journalists.

Chad is a modest oil producer, with 47 million barrels in 2021, The central African country joined the circle of African oil producing and exporting countries in the early 2000s and its economy is now very dependent on it.

It is not uncommon to identify corrupt trend in oil sector in Africa. Report says the 2005–2014 oil boom raised incentives for corruption across the oil industry’s value chain. A highly diverse set of private sector actors engaged in corrupt behavior.

Chad’s neighbour, Nigeria, who is also Africa’s largest oil producer, is perhaps the biggest reference to corruption in oil sector in the continent. Efforts from the Nigerian government to investigate and curtail the ill can be traced to the 1950s during the Olusegun Obasanjo military regime. A panel of enquiry was set up to investigate a Two Billion, Eight Hundred Thousand Naira fraud which could not be accounted for by the NNPC.

The cases of corruption in the sector once again raises question if the liquid tressure has been a blessing or curse to the “black continent.”

Metro

65% of Nigerian households lack money for healthy food—Survey

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A survey conducted by the National Bureau of Statistics (NBS) has revealed that around 65% of Nigerian households, which is about two-thirds of the population, lack the financial means to eat healthy food.

According to the survey by the agency, the decline is a reflection of the multidimensional poverty in the country and the impact of continuous reduction in the purchasing power of Nigerians due to rising prices of goods and services.

And as a result, two-thirds of households in the country lack money to eat healthy, nutritious food, the NBS said.

Titled “Nigeria General Household Survey – Panel (GHS-Panel) Wave 5 (2023/2024),” the survey examined demographics, education, and health trends in Nigeria, comparing data from Wave 4 (2018/19) and Wave 5 (2023/24).

On food insecurity, the survey stated:

“Approximately two out of three households indicated being unable to eat healthy, nutritious or preferred foods because of lack of money in the last 30 days.

“Similarly, 63.8 per cent of households ate only a few kinds of food due to lack of money, 62.4 percent were worried about not having enough food to eat, and 60.5 percent ate less than they thought they should.”

It added that between Waves 4 and 5, the proportion of households that reported being worried about not having enough food to eat because of lack of money increased significantly, from 36.9 percent to 62.4 percent.

On access to energy, the survey revealed said:

“82.2 percent of urban households have electricity, compared to 40.4 per cent in rural areas. Nigerian households face an average of 6.7 power blackouts weekly.

“Cooking typically involves traditional three-stone stoves (65.0 percent), primarily using wood as fuel (70.2 per cent), but with use of liquefied petroleum gas (LPG) rising significantly.

“Many households lack toilet facilities and rely on tube wells or boreholes for drinking water. Waste disposal is mostly informal, with 45.6 percent of households using bushes or streets,” it added.

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Zambia: APP leader lampoons PF over pledge to reverse forfeited properties

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Leader of one of Zambia’s opposition parties, Advocates for People’s Prosperity (APP), Mwenye Musenge, has criticised the Patriotic Front (PF) over its promise to reverse forfeited properties if the party won the 2026 presidential election.

Musenge, who was reacting to a statement credited to the PF Member of Parliament (MP) for Lukashya Province, George Chisanga, described the PF’s promise as a betrayal, saying the declaration had exposed the party’s disregard for accountability and justice.

The APP leader, who spoke to Zambia Monitor in a telephone interview from Kitwe, expressed shock that Chisanga, a former Law Association of Zambia president, would endorse what he termed a “regressive agenda,” accusing the PF of prioritising the protection of corrupt individuals over the welfare of citizens.

“This declaration reveals the PF’s true intentions, returning to power not to serve Zambians, but to shield their corrupt network and restore stolen assets,” Musenge said.

He alleged that former President Edgar Lungu’s consistent calls to protect his family, who he claimed cannot explain their amassed wealth, further demonstrate the party’s self-serving mission.

Musenge further described the PF as “a political carcass animated by greed and nostalgia for its days of unchecked looting,” and accused its leaders of leaving Zambia impoverished while enriching themselves.

“Allowing them near power again would be akin to handing a butcher’s knife to a thief already drenched in the blood of the nation’s resources.

“The PF represents everything wrong with Zambian politics—a relic of the past clinging to survival through recycled lies and corrupt agendas,” he added.

Musenge went on to call for the party to be permanently eradicated, saying it had no vision, morality, or credibility to serve Zambians.

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