The National Cashew Association of Nigeria (NCAN) has suspended all forms of revenue collection in its name with immediate effect, pending institutional reforms and the harmonisation of its governance structures. The resolution was part of key decisions unanimously adopted at the NCAN Annual General Meeting (AGM) and Stakeholders’ Forum held in Abuja. In a communiqué issued at the end of the meeting, the association also condemned what it described as increasing foreign encroachment across Nigeria’s cashew value chain, warning that such practices undermine local farmers, processors, exporters and the country’s economic interests. In a communiqué signed by the NCAN Secretariat, with Mr. Olarotimi Ayeka listed as Secretary and Mr. Ademola Bamidele Adesokan as President, NCAN rejected calls for a ban on cashew nut exports, stressing that it would instead engage government authorities to promote value addition, improved seeding, respect for contract agreements by foreign buyers, and stronger support for cashew farmers. Read Also: NCAN: we’re Nigeria’s apex cashew body On policy direction, the AGM expressly opposed any proposal for an outright ban on the export of Raw Cashew Nuts (RCN), noting that such a move could disrupt livelihoods. The association said any policy intervention must strike a balance between value addition, farmer welfare, export competitiveness and national interest. In a major leadership shake-up, the AGM dissolved the Ojo Ajanaku–led administration, citing loss of confidence and legitimacy. Related News Nigeria’s cashew exports to EU rise by 12 per cent ‘Nigeria can earn $10b yearly from cashew industry’ Kogi targets 150,000 metric tonnes of cashew in 2027 Members and stakeholders present at the meeting endorsed and ratified Mr. Ademola Bamidele Adesokan as the new President of NCAN. The association said an official gazetted communiqué reflecting the leadership transition would be issued before the end of the week. The AGM further resolved to undertake a comprehensive review and amendment of the NCAN constitution to reflect current industry realities. The planned amendments include provisions to ensure that only bona fide cashew stakeholders can become president, prevent any president from exceeding constitutionally defined tenure, and establish a clear, transparent and enforceable leadership succession framework. As part of its immediate directives, NCAN ordered all revenue agents and representatives nationwide to cease revenue collection activities on behalf of the association. It warned that any individual or group that defies the directive would be reported and treated as acting illegally. The communiqué also disclosed that all state police commands have been formally notified of the resolutions through the Office of the Inspector-General of Police.