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NACC celebrates 65th anniversary, inaugurates new president in Lagos grandeur

NACC 65th Anniversary Lagos: Chamber celebrates landmark with inauguration of new president, pledges to boost US-Nigeria trade. Elite gathering marks decades of economic partnership.

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NACC 65th Anniversary Lagos

NACC 65th Anniversary Lagos: Chamber celebrates landmark with inauguration of new president, pledges to boost US-Nigeria trade. Elite gathering marks decades of economic partnership

 

The Nigerian-American Chamber of Commerce (NACC) marked its 65th anniversary and 20th Presidential Inauguration Dinner with a spectacular event at the Lagos Continental Hotel on April 12, 2025.

Also read: Nigerian-American Chamber of Commerce To Inaugurate 20th President & Executive Council, Unveils Bold Economic Agenda

The celebration, themed “The Power of Cooperation: 65 Years of Optimising Nigerian-American Economic Relations,” drew a distinguished gathering of public and private sector leaders, solidifying the Chamber’s role in fostering bilateral economic ties.

The evening commenced with the national anthems of Nigeria and the United States, symbolising the enduring partnership between the two nations.

For 65 years, NACC has been instrumental in promoting trade, investment, and collaboration, connecting Nigerian entrepreneurs with their American counterparts.

A highlight of the event was the inauguration of Alhaji Sheriff Balogun as the 20th National President of NACC. In his inaugural address, Alhaji Balogun outlined his vision to strengthen U.S.-Nigeria trade relations, aiming to surpass $10 billion in trade volume and unlock the full potential of Nigerian exports.

His leadership team was also unveiled, setting the stage for a new era of growth and collaboration.

The Chamber also welcomed 52 new members, inducting them into the organisation with a sense of shared purpose.

Additionally, a 3D model of NACC’s future seven-storey headquarters was revealed, symbolizing the Chamber’s commitment to long-term development and strategic expansion.

NACC honoured outstanding Nigerian and American companies and individuals for their contributions to the economic landscape, as well as past presidents for their enduring leadership.

The event was chaired by Mr. Samaila Zubairu, President of the Africa Finance Corporation, and hosted by Governor Babajide Sanwo-Olu of Lagos State.

The guest list featured prominent figures, including Dr. Jumoke Oduwole, Minister of Industry, Trade and Investment, Mrs. Folashade Ambrose-Medebem, Lagos State Commissioner for Commerce, Cooperation, Trade and Investment, Governor Dauda Lawal of Zamfara State, Legal icon Aare Afe Babalola, Oil and gas magnate Catherine Uju Ifejika, Bashir Adewale Adeniyi, Comptroller General of Customs, Tech visionary Mr. Leo Stan Ekeh, Auto industry leader Chief Michael Ade-Ojo, and Former Ogun State Commissioner Otunba Bimbo Ashiru.

As NACC looks towards the future, the event underscored the Chamber’s commitment to deepening economic cooperation and fostering growth between Nigeria and the United States.

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Questions Trail Kano School Concession as Firm’s Whereabouts Remain Unclear

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Fresh concerns have emerged over compliance with a court order issued by the High Court of Kano State on April 8, 2026, restraining key parties—including the Honourable Minister of Education, the Kano State Ministry of Land and Physical Planning, the Kano State Urban Development Authority, and Pluck Global Company Limited—from further actions pending the determination of the matter before the court.

Findings indicate that while all parties—except the concessionaire, Pluck Global Company Limited—were duly served within two days of the order, significant challenges were encountered in effecting service on the company, raising troubling questions about its corporate traceability and regulatory vetting.

A review of the company’s records filed with the Corporate Affairs Commission (CAC) revealed addresses that could not be verified as functional business locations. Notably, documentation submitted to Federal Government College (FGC), Kano, dated June 20, 2024, listed two addresses: 8B, Lalupon Street, off Keffi Street, off Awolowo Road, Ikoyi, Lagos, as its head office, and 3 Bargery Road, Bompai, Kano, as its branch office.

However, a physical visit to the Ikoyi address revealed that the entire property is occupied by a company identified as Golden Alchemy, whose staff категорically denied any knowledge of, or shared occupancy with, Pluck Global Company Limited.

Efforts to trace the Kano address yielded even more unsettling findings. The location—a locked duplex—showed no visible signs of commercial activity. Neighbours, while reluctant to speak on record, alluded to irregular movements at odd hours, casting further doubt on the legitimacy of the premises as a corporate office.

In a twist, after multiple attempts to establish contact, an individual purportedly representing the company surfaced in Kano and agreed to receive and acknowledge the court order on April 11, 2026, at approximately 6:00 pm. Curiously, the Ikoyi address—already discredited—was again listed as the company’s official address in the acknowledgment.

These developments raise critical questions regarding due diligence and Know Your Customer (KYC) protocols on the part of the Federal Ministry of Education. They also cast a spotlight on the Infrastructure Concession Regulatory Commission (ICRC), should a concession agreement indeed have been executed with the company. Stakeholders say it would be instructive to review the addresses contained in all official correspondences and contractual documents linked to the transaction.

Meanwhile, a visit to the premises of Federal Government College, Kano, revealed ongoing construction activity, with workers observed excavating foundations. When approached, the workers declined to disclose the authority under which they were operating—despite the subsistence of a court order restraining further action.

Notably, a previously installed project billboard bearing the insignia of the school authorities and the Federal Ministry of Education had been removed. Sources within the institution suggest that the directive for its removal may have emanated from the Ministry following receipt of the court order.

The unfolding situation presents a complex mix of legal, regulatory, and accountability issues—raising the spectre of possible non-compliance with judicial directives, as well as deeper concerns about transparency in public-private concession arrangements.

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