However, long after Balmoral had repaid and serviced the loan, the bank, without recourse to the property owner, used the same collateral for
as security. Continued on page 9
6
www.thisdaylive.com
states to improve security by tackling poverty, other root causes of insecurity
Deji Elumoye in Abuja
President Bola Tinubu has called for a multifaceted response to terrorism, insurgency, and other security threats in the Lake Chad Basin region.
Tinubu said the chain of events that had disrupted the stability of the region in the past 15 years demanded
that power be wielded responsibly to guarantee the safety and prosperity of the people.
Justice Dipeolu: Based on all my findings above, I hold that the 1st Defendant/Applicant Motion on Notice (GHL) dated January 13, 2025 succeeds, the Mareva Order of 30th December, 2024 is hereby set aside Therefore, the 2nd to 5th Defendants/Applicants’ alternative relief succeeds to the extent that the Mareva Order of 30th December, 2024 is set aside...
Wale Igbintade
In a landmark victory for General Hydrocarbons Limited (GHL), the Federal High Court in Lagos, yesterday, set aside an order of Mareva injunction freezing the assets of the oil and gas company and that of its directors in a suit with First Bank Holdings Plc.
The lawsuit was in connection with a disputed $225.8 million.
The court, while upholding the arguments of GHL’s counsel, Abiodun Layonu, a Senior Advocate of Nigeria (SAN), as well as the arguments of Olumide Aju, SAN representing the 2nd to 5th defendants in the case held that the injunction violated an existing order from a court of concurrent jurisdiction.
Challenging the Mareva injunction, Layonu argued that it represented an abuse of court process, claiming that First Bank failed to disclose the previous order by Justice Lewis-Allagoa, which had restrained the bank from
Continued on page 9
L--R: Divisional Head, Corporate Finance and Advisory BoI, Mr. Leonard Kange; Executive Director, Large Enterprises, Bank of Industry (BoI), Ifeoma Uz’okpala; Head Economic Development, Climate and Energy, Foreign Commonwealth Development Office, Sally Woolhouse; MD/CEO, BoI, Dr Olasupo Olusi; Chief Financial Markets Officer, FSD Africa, Dr Evans Osano; and Executive director, Corporate Finance & Risk Management, BoI,Mr Rotimi Akinde, during the BoI/FSD Africa MOU signing held at BoI head office in Lagos….yesterday
Wale Igbintade
The newly appointed European Union (EU) Ambassador to Nigeria, Gautier Mignot, has revealed that the EU is Nigeria's largest trading
and investment partner, with total trade in goods reaching €35 billion in 2023.
In his first press conference as Ambassador, held yesterday in Lagos, Mignot emphasised that EU foreign
Sunday Aborisade in Abuja
The Chairman, Senate Committee on Local Contents, Senator Natasha Akpoti-Uduaghan, has said her recognition by the THISDAY/Arise Board of Editors as Senator of the Year has reinforced her commitment to sponsoring legislations that would have positive impacts in the lives of Nigerians.
Akpoti-Uduaghan emerged winner of the prestigious award which had Senators Ali Ndume; Solomon Adeola; Adams Oshiomhole and Ireti Kingibe as nominees out of the 108 serving senators in the Senate following the demise of the late Senator Ifeanyi Ubah.
The Kogi Central Senator said, “I am deeply humbled and honoured by the nomination for Senator of the Year by the prestigious THISDAY Awards.
“This recognition is not just a reflection of my efforts but a testament to the collective aspirations, resilience, and dedication of my constituents and supporters who have entrusted me
with the privilege to serve.
“Being acknowledged among so many remarkable leaders reinforce my commitment to championing the values of transparency, inclusivity, and impactful legislation.
“This nomination is a call to continue working tirelessly to make meaningful contributions toward the development of our nation and the empowerment of the people I represent.
“I extend my heartfelt gratitude to the organisers of THISDAY Awards ; the Duke of Owa Kingdom, Nduka Obaigbena and the entire Arise and THISDAY team for recognising the strides we have made in advancing the interests of our people.
“This acknowledgment inspires me to further uphold the principles of service and leadership that guide my journey in politics.”
She commended her husband High Chief Emmanuel Uduaghan, the Alema of Warri Kingdom, her family, team, colleagues, the entire great people of Kogi Central, Nigerians and the resilient women for their support.
direct investment in Nigeria currently stands at €26.4 billion, underlining a firm commitment to supporting the nation's economic growth.
He also noted that hundreds of EU companies operate in Nigeria, generating jobs and providing crucial training across various sectors.
Having taken over from Ambassador Samuela Isopi in September 2024, Mignot shared insights from his 30 years of diplomatic experience, including previous postings in Mexico and Senegal.
He expressed enthusiasm for exploring Nigeria’s rich culture and diverse regions, including Lagos, Benin, and the North-East.
Mignot stressed the importance of
collaboration with the media, inviting journalists to engage with the EU mission for accurate updates and information through platforms like LinkedIn and X (formerly Twitter).
The Ambassador outlined the EU’s broad global influence, with 27 Member States representing over 450 million people.
He highlighted the EU’s dedication to peace, stability, and sustainable development, positioning the union as a key global economic power and a promoter of unity across continents.
The EU has 145 delegations worldwide, with Nigeria being a pivotal partner in Africa.
Mignot emphasised the EU’s goal of deepening the EU-Nigeria
partnership, particularly in fostering regional stability and development. "Nigeria is a key player not only in Africa but on the global stage," he remarked.
He also spotlighted the "Global Gateway" investment strategy, which aims to support Nigeria's transition to a green, digital, and inclusive economy.
Key initiatives under this strategy include developing the renewable energy sector, vaccine production, and educational exchanges like Erasmus+. Special attention is also given to the North-East, where new projects are underway to support local development.
On humanitarian aid, Mignot
highlighted the EU’s ongoing support, including €102 million in 2023 for food security, education in emergencies, and disaster preparedness for communities impacted by conflict and natural disasters.
The ambassador expressed a desire to launch initiatives that reduce trade and investment barriers, with a focus on creating jobs for Nigeria’s youth and cultivating a vibrant entrepreneurial ecosystem. He also announced plans for highlevel visits and meetings to further strengthen EU-Nigeria relations.
Mignot reaffirmed the EU’s commitment to being a reliable partner for Nigeria, especially during these dynamic global changes.
To conduct air safety audit on airline, says resumption dependent on satisfactory audit completion
in Abuja and Ahmad Sorondinki in Kano
The Nigeria Civil Aviation Authority (NCAA) has suspended Max Air from domestic operations following the incident involving its B734 aircraft with registration marks 5N-MBD, over an emergency landing at Mallam Aminu Kano International Airport, Kano on Tuesday, 28th, January 2025, at about 2251 hours.
NCAA, which also hinted at plans to conduct a thorough safety and economic audit on the airline, stated
that the suspension would start from midnight, 31st January, 2025, to allow for an internal appraisal of its operations by its management.
Statutorily, the NCAA noted that the Nigerian Safety Investigation Bureau (NSIB), has already initiated an investigation into the occurrence.
Director, Consumer Protection and Public Affairs, NCAA, Mr. Michael Achimugu, disclosed that the agency would provide the required support to the NSIB in this regard.
Achimugu, in a statement yesterday, explained that, "It must
Nume Ekeghe
Access Bank Plc is set to host the inaugural Africa Trade Conference (ATC), a pivotal gathering to reshape the continent’s trade landscape.
The bank, in a statement yesterday noted that the event scheduled for March 12, 2025, in Cape Town, South Africa, would convene leading voices in trade, finance, and policy to chart a new course for Africa’s economic integration and global competitiveness under the theme “Empowering Africa Through Trade, Innovation, and Sustainable Growth.”
Against the backdrop of an $81 billion annual trade finance gap, the
ATC would address the structural barriers impeding cross-border commerce, with a particular focus on small and medium-sized enterprises (SMEs) and domestic firms. By fostering dialogue between key stakeholders, the conference aims to catalyse innovative financing models, promote sustainable trade practices, and unlock opportunities for African businesses to participate more effectively in global value chains.
Group Managing Director/Chief Executive Officer, Access Bank, Roosevelt Ogbonna, emphasised the importance of the ATC in addressing these pressing issues.
“The ATC represents a crucial
step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy,” he explained.
Access Bank’s presence across 24 countries globally, including 16 in Africa, provides a unique advantage in facilitating inter- and intra-African trade. The Bank’s growing network positions it as a key player in addressing trade complexities and promoting inclusive growth across the continent.
Executive Director, African Subsidiaries, Access Bank, Seyi
Kumapayi, highlighted the broader vision of the forum, saying, “The Africa Trade Conference is a platform to not only address Africa’s trade challenges but to champion the continent’s opportunities.
“Through strategic partnerships, tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”
This flagship event would convene a distinguished line-up of seasoned speakers, and top executives from leading international banks, Development Finance Institutions (DFIs), and captains of industry in Africa.
be stated that the specific cause(s) of this incident can only be established after the NSIB has conducted its investigation.
"It is instructive to note that the NCAA had commenced organisational risk profiles for each scheduled operator, including Max Air, which is nearing its conclusion.
"However, as a result of this incident, Max Air is suspending its domestic flight operations for three months with effect from midnight, 31st January 2025, to allow for an internal appraisal of its operations by its management.
“During this 3-month period, the NCAA will conduct a thorough safety and economic audit on Max Air.
"The safety audit will entail a reinspection of Max Air’s organisation, procedures, personnel and aircraft as specified by Part 1.3.3.3(b) of the Nigeria Civil Aviation Regulations, while the economic audit will critically examine the financial health of the airline to guarantee its capability to sustain safe flight operations.
“The resumption of Max Air’s domestic flight operations will be predicated on the satisfactory completion of this audit.
"The NCAA is aware of the inconvenience this action may cause intending passengers of Max Air. However; the safety and well-being of passengers is paramount.
"Thus, NCAA appeals for patience
and understanding while it ensures the protection of passenger rights."
No fewer than 59 passengers had escaped death as a Max Air aircraft with registration number 5N-MBD, B733 crash-landed at Malam Aminu Kano International Airport, (MAKIA) on Tuesday night( 10.19 pm). The incident occurred when the aircraft with the passengers alongside six crew members arrived MAKIA from Lagos State.
According to the narration of one of the passengers, who craved anonymity, one of the plane’s front tyres had busted into flames when the pilot tried to land at the airport.
“Immediately the tyre of the aircraft burst into flame, smoke enveloped inside the aircraft and we had to alight through the emergency exit door.
“As we were coming out of the aircraft, the fire servicemen were already spraying the plane with water to contain the flame,” he said.
While confirming the incident at the airport, Kano Station Manager of Max Air, Malam Bello Ramalan, said all the passengers and crew members were safely evacuated.
He, therefore, stated that, "I would like to apologise for the inconvenience caused and express my gratitude to God for the safety of everyone on board. Our primary concern is always the safety of our passengers and crew.
L-R: Ambassador of France to Nigeria, Amb. Marc Fonbaustier receiving the Lagos State Government plaque from the Governor,
in courtesy visit, at the Lagos House, Marina, ... yesterday
The Nigeria Labour Congress (NLC) has directed its branches and affiliates to mobilize members for a nationwide protest rally on Tuesday February 4 2025 to demand reversal of the 50 percent increase in telecommunications tariffs by the Nigerian Communications Commission (NCC).
It said that should the government and NCC fail to heed the
cry of the workers, it will escalate actions, including the possibility of a nationwide boycott of telecommunication services and further mass actions which may involve nationwide withdrawal of our service to resist policies that exacerbate poverty and inequality In a communiqué issued at the end of the meeting of its National Administrative Council (NAC), NLC demanded an immediate suspension of the 50 percent tariff hike.
It called on the federal government, the Nigeria Communication Commission (NCC) and the National Assembly to engage in meaningful dialogue with critical stakeholders to review the proposed tariff adjustment within the context of the economic realities facing Nigerians.
The communique signed by NLC president Joe Ajaero read: "NAC-in-session totally rejected the 50 percent Telecom Tariff Hike which it considers as
too harsh for citizens. It therefore strongly condemns the Nigeria Communications Commission’s decision to approve the increase in telecommunications tariffs.
"This decision is insensitive, unjustifiable, and a direct assault on Nigerian workers and the general populace, who are already burdened by worsening economic hardship foisted on them by Policies of government which was no fault of theirs.
The global advocate for sustainable policy reforms in the telecommunications sector, GSMA, has said the 50 per cent tariff increase for mobile network operators by the Nigerian Communications Commission (NCC) would create nearly two million jobs and raise an additional N1.6 trillion in tax revenue.
The Head Sub-Saharan Africa at GSMA, Angela Wamola, lauded this move in a statement Wednesday.
Wamola said the decision could also unlock more than $150 million in additional mobile network investment and expand 4G coverage to 94 per cent Nigerians, covering nine million new consumers and two million people in underserved areas. She noted NCC tariff increase for mobile network operators would mark a pivotal moment in Nigeria’s digital transformation.
She described the decision as a major step forward for consumers and the economy, adding by enabling mobile operators to invest in expanding and upgrading their networks, the tariff increase will bridge the digital divide and drive innovation across key sectors, including healthcare, education, and agriculture.
Her words: “This decision by
the NCC is an important milestone for Nigeria’s digital future. By enabling sustainable investment, we are improving the quality of service for consumers and fostering opportunities for innovation and economic growth.
“However, to fully unlock the potential of this reform, it is critical to implement additional measures such as simplifying right of way permits, implementing of a critical national Infrastructure plan, and reducing the mobile sector’s tax burden.
"These steps will be essential to accelerate digital adoption across sectors. It is estimated that increased digitalisation in agriculture, manufacturing, transport, trade and government will increase GDP by around two percentage points by 2028. This would also create nearly two million jobs and raise an additional N1.6 trillion in tax revenue.”
She said the milestone reflected the successful partnership between the Nigerian government, industry stakeholders, and the GSMA, demonstrating how collaborative policy reforms can drive economic development and digital inclusion.
GSMA said by advocating for policies that balance affordability with the need for sustained investment in infrastructure, it has played a critical role in ensuring the benefits
of mobile connectivity are accessible to all Nigerians.
"To express our collective opposition to this arbitrary tariff hike, the NLC will embark on a nationwide mass rally on Tuesday, February 4, 2025.
"The rally will serve as a warning on the dangers of imposing such an unfair increase on a struggling population earning a minimum wage of only N70,000; a population that has suffered outrageous hike in the price of petrol, high cost of food, hike in electricity tariff and general rising inflation".
NLC said that all its affiliates and state councils have been directed to begin full mobilization in preparation for the February 4, 2025, nationwide protest rally.
It also urged willing civil society allies to join in mobilizing for the nationwide protest.
munication Commission (NCC) and the National Assembly to engage in meaningful dialogue with critical stakeholders to review the proposed tariff adjustment within the context of the economic realities facing Nigerians.
"Should these not be heeded, the Nigeria Labour Congress will escalate its actions, including the possibility of a nationwide boycott of telecommunication services and further mass actions which may involve nationwide withdrawal of our service to resist policies that exacerbate poverty and inequality," it said.
The labour movement further urged all Nigerian workers, the informal sector, and the general public to stand in solidarity against what it described as unjust policy of government.
According to GSMA, by fostering the adoption of these technologies, Nigeria is positioning itself as a leader in Africa’s digital economy.
It noted that improved network coverage will enable transformative access to digital services, including online education, telemedicine, ecommerce, and mobile financial tools, while in addition the investment will drive the adoption of next-generation technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT), which are essential for advancing innovation across sectors like precision agriculture, connected transportation, and smart healthcare.
"NAC-in-session demands an immediate suspension of the 50% tariff hike. It calls on the Federal Government, the Nigeria Com-
NLC said it remained committed to protecting the interests of Nigerian workers and citizens against exploitative economic policies, adding that it will not relent in its struggle against policies that undermine the welfare and dignity of our people.
"Nigerian workers and citizens must unite and take action to prevent further economic oppression. We must resist any policy that prioritizes corporate profits over the well-being of the people," it added.
Michael Olugbode in Abuja
Australia has moved to strengthen ties with Nigeria with the visit of a high-level delegation from the country, led by the First Assistant Secretary, Middle East and Africa Division, Australian Department of Foreign Affairs and Trade, Marc Innes-Brown.
The renewed ties target strengthening economic ties and exploring new areas of cooperation, particularly in trade, mining, agriculture, and food security.
The Director of Regions, Ministry of Foreign Affairs, Janet Olisa, who led the Nigeria’s delegation at the fourth edition of the Nigerian Australian Bilateral Consultation, highlighted the
similarities between the two nations, saying "we believe we are close to the same climates, not much of a difference, probably you have a hotter one."
While stating the importance of trade, Olisa said: "The economy is what makes and breaks a country. With a robust economy, a country will definitely know how to leverage on other aspects of life."
Olisa also commended Australia's efforts in prioritizing agriculture and harnessing renewable energy, particularly solar power.
"We would like to learn from what you've done, would like to see what's the best practice,” she said. She revealed that: “The consulta-
tion provides a platform for senior officials from both countries to discuss areas of collaboration, leverage past successes, and introduce new initiatives."
In his response, Marc Innes-Brown said Nigeria is a crucial partner for Australia internationally and in the region.
“We recognize Nigeria's importance and the common interests we share. We've seen an increase in engagement over the past year or two, and we're delighted to have supported Nigeria's investment forum in Melbourne last year," Innes-Brown said.
Innes-Brown conveyed Australia's sympathies and condolences for the
recent floods in Nigeria, acknowledging the difficulties posed by climate change.
He highlighted climate-resistant agriculture and responding to the impacts of climate change as key areas of cooperation, adding: "Australia and Nigeria may be geographically distant, but we share similar features and common interests.
"We're both federal countries with diverse communities, and we play key leadership roles in our respective regions."
Innes-Brown expressed his appreciation for the warm welcome and the breadth of the Nigerian delegation, looking forward to productive discussions.
Emmanuel Addeh in Abuja Nigeria’s imports of petrol are on course for an eight-year low as the country’s new mega-refinery pushes out foreign suppliers, boosting the nation’s fuel independence.
Shipments into the West African nation stood at about 110,000 barrels per day during January 1 to January 24 this year, data compiled by Bloomberg from analytics firm Vortexa Ltd. showed.
If that rate were to continue for the rest of the month, the country’s imports, most of which come from Europe, the report said, would hit their lowest since 2017.
The Dangote Refinery, located in Lekki, Lagos, which is disrupting global fuel sales, is a state-of-the-art oil facility that has revolutionised the country's oil industry. The refinery, owned by the Dangote Group, is the brainchild of Africa's richest man, Aliko Dangote.
The $20 billion Dangote refinery, equipped with cutting-edge technology, including advanced crude distillation units, catalytic cracking units, and hydroprocessing units, has a capacity to process 650,000 barrels of crude oil per day, making it the largest refinery in Africa.
As the refinery continues to ramp up production, Nigeria is set to become self-sufficient in petroleum products, reducing reliance on imports, and saving the country the roughly $10 billion spent on fuel imports yearly.
Before the refinery, Nigeria's fuel importation problem had been a longstanding challenge for the country. However, recent developments suggest that the situation is improving. With
the Dangote Refinery ramping up production, Nigeria's petrol imports have plummeted significantly.
THISDAY recalls that in October, 2024, the country saw a significant
decrease in petrol imports, with only 280,400 barrels and blend stock entering the country, compared to August's weekly average of 1.3 million barrels. That number has now further fallen
to 110,000 barrels per day.
“A large part of the slowdown in Nigeria’s gasoline (petrol) imports is due to the ramp up of the Dangote refinery,” Vortexa analyst, Samantha
Hartke, told Bloomberg. “Northwest Europe will have to find alternative homes for its gasoline supplies,” Hartke added. Dangote is bigger than any
For a conducive and more business-friendly environment, the federal government has launched the Regulatory Impact Analysis (RIA) Framework with the aim to attract foreign direct investment (FDI) into the country.
The initiative unveiled Wednesday at the state house during the Foreign Direct Investors Roundtable and Regulators Forum, will be enhanced at state-level business environments through the State Action Plans for Enabling Business Reforms Program and to be backed by $750 million in World Bank support. Director-General of the Presidential Enabling Business Environment Council (PEBEC), Zahrah Audu emphasized the importance of a competitive and investment-friendly Nigeria, and emphasized that the government is working towards funding incentives that will implement reforms that support SMEs, create
jobs, and attract investments.
Audu highlighted that PEBEC was established to remove long-standing obstacles to doing business in Nigeria, while stating that over the years, the Council has implemented over 200 bold reforms across various sectors, focusing on six strategic work streams to sustain progress.
"Today’s launch of the Regulatory Impact Analysis Framework is a major milestone in our regulatory reforms. This framework ensures that all new regulations undergo thorough assessments to evaluate their economic, social, and environmental impact, reducing unnecessary business hurdles while safeguarding public interests," she stated.
Audu underscored that FDI is crucial for Nigeria’s economic diversification, job creation, and technological advancement.
"To attract and retain FDI, we must streamline our regulatory processes," she said, adding that The RIA Framework will foster a
predictable, transparent, and businessfriendly regulatory environment. By collaborating with local and international institutions, we can bridge infrastructure gaps, boost productivity, and lower the cost of doing business."
She reaffirmed President Bola Tinubu’s administration’s commitment to supporting both new and existing investors, ensuring that policies align with investor expectations.
Audu concluded by reiterating the need for continued public-private dialogue to ensure effective implementation of reforms.
"We are committed to making Nigeria the preferred investment destination in Africa. Together, let’s create an environment where businesses thrive, investments flourish, and millions of Nigerians benefit from economic growth," she said.
"With the RIA Framework in place, Nigeria moves closer to its goal of attracting sustainable foreign
George Okoh in Makurdi
The Benue Investment and Property Company (BIPC) has dragged the Nigeria Deposit Insurance Corporation (NDIC) and All States Trust Bank (in-liquidation) before the Federal High Court Makurdi, over illegal sale of shares.
The case which started in 2011, at some point could not continue because NDIC requested for out of court settlement and parties went to Arbitration Panel in Abuja. Also, the panel could not resolve the matter because the NDIC later preferred to continue with the case in court.
When the case came up for hearing on Wednesday, Council to the plaintiff, Douglas Pepe, SAN, called one chief witness, Mr. Paul Agu, a former staff and MD/CEO of the company.
Agu told the court that the plaintiff applied for a loan facility of N550m from the Federal Mortgage Bank and pledged some of her shares to All States Bank (in-liquidation) for the bank to guarantee the loan.
He explained that the money was to come through the liquidated bank adding that the bank was to take her commission and stand as their guarantor before the mortgage bank.
He said the bank failed to meet her contractual agreements with the
plaintiff yet started deducting charges from their account.
He said the bank also failed to complete the process of opening the letter of credit as required in such case.
Pepe through his star witness tendered 32 documents to support their position.
Among the documents tendered were bank statement of the plaintiff in All States Bank (in-liquidation) between August 1, 2002 and December 31, 2003.
He also tendered details of transfers of shares sold by the respondents and closed their case.
However, the respondents represented by Aondover Iorngee, after cross examination requested for
date for defence.
Our correspondent reports that the plaintiff had dragged the respondents before the Federal High Court in Makurdi over breach of contract agreement and sale of shares.
The plaintiff in the suit averred that they applied for a loan facility of N550m from the Federal Mortgage Bank and pledged some of her shares to All States Bank (in-liquidation) for the bank to guarantee the loan.
The plaintiff further averred that the respondents who did not fulfil her part of the contract agreements, charged them arbitrarily and sold their shares placed in their custody as collateral.
investment and fostering long-term economic development," she further added.
Also speaking, Governor Hyacinth Alia of Benue State emphasized the state's agricultural potential, calling on investors to explore opportunities in livestock farming, soybean production, grains, and agro-processing.
He stated: "Benue has fertile land, vast water resources, and a favorable climate, making it ideal for agribusiness investments.
other refinery in Europe or Africa and has been touted as a way for Nigeria — long reliant on imports of gasoline — to become less dependent on foreign supplies.
Stockpiles of petrol held in independent storage in AmsterdamRotterdam-Antwerp — a key exporting hub for barrels to Nigeria — have meanwhile hit a record high, according to figures from Insights Global. Meanwhile, oil fell below $73 a barrel yesterday after President Donald Trump’s pick for commerce secretary, Howard Lutnick, suggested tariffs on Canada and Mexico are not a done deal during a Senate confirmation. Expectations that the tariffs will go into effect this weekend had earlier spurred a rally in oil futures and pushed the discount for Canadian crude to the lowest in six months.
“Crude prices keep dancing to the rhythm of Trump’s tariff orchestra, with Canada tariffs in focus as they go into effect on Saturday,” said Ole Hansen, head of commodities strategy at Saxo Bank. Wednesday’s price decline represents “a sour sentiment across an overall range-bound market,” he added.
Efficient and sufficient agricultural production has been identified as key to food security and the gateway to industrialization of any country.
The Deputy Governor of Bayelsa State, Senator Lawrence Ewhrudjakpo, made the assertion on Tuesday when the state chapter of the Nigerian Women in Agricultural Business (NIWAB) paid him a courtesy visit in Government House, Yenagoa.
The deputy governor noted that agriculture was one of the legs on which the ASSURED Prosperity Agenda of the Governor Douye Diri-led administration stands as it holds huge potential for the state.
According to him, the key to get Bayelsa industrialized lies in agriculture, and therefore emphasized the need for every stakeholder in the sector, including NIWAB to maximally explore areas in which it has comparative advantage to achieve food security
While commending NIWAB for
their bold initiative to key into the goal of agricultural revolution by the present administration, Senator Ewhrudjakpo clarified: “Henceforth, government would only partner serious-minded agricultural cooperatives to drive the process."
Earlier in her presentation, the State President of the NIWAB, Mrs. Ebimotimi Leghemo, said women farmers in Bayelsa were ready to take full advantage of the fertile soil in the state to produce enough food to feed all Bayelsans and supply other states. Mrs. Leghemo, who disclosed that over 15,000 Bayelsan women had so far registered with NIWAB, declared the cooperative's readiness to work with the ‘Prosperity Administration’ in agriculture, and solicited support from government.
In another development, Senator Lawrence Ewhrudjakpo charged the chairmen and executive secretaries of the various Local Government Healthcare Authorities (LGHAs) in the state to enforce strict discipline in the primary health sector.
Nume Ekeghe
Electronic payment transactions soared to an all-time high in 2024 as it rose by 80 percent to N1.08 quadrillion, compared with the N600 trillion recorded in 2023.
The record-breaking feat was revealed in data released by the Nigeria Inter-Bank Settlement System (NIBSS) which was obtained yesterday.
Also, point-of-sale (PoS) transactions soared to N19.4 trillion in 2024, marking an 81 percent increase from N10.73 trillion in 2023, while Bank Verification Number (BVN) enrolment has now hit 64.92 million.
A monthly analysis of electronic transaction value for 2024 showed that January recorded N72.11 trillion, setting a strong start for the year and February saw a 10 percent increase, reaching N79.32 trillion. In March, transactions climbed to N83.05 trillion, reflecting a 4.7 percent growth, while April saw a dip to N75.32 trillion, representing a 9.3 percent decline from March. It rebounded significantly in May to N87.48 trillion, up 16.1 percent, followed by a slight drop in June to N79.58 trillion. Also, July transactions surged to N89.50 trillion while August grew marginally to N90.82 trillion.
A stronger uptick occurred in September, with transactions reaching N93.46 trillion while October broking the N100 trillion mark for the first time, hitting N103.21 trillion, an impressive 10.4 percent jump.
Furthermore, November saw an even sharper rise to N109.53 trillion, growing from October while December closed the year at a record N115.16 trillion, reflecting a 5.1 percent increase over the previous month.
Also, a monthly breakdown of PoS transaction value for 2024 saw January recording N850.09 billion, setting the pace for the year. Also, February experienced a slight dip
to N805.05 billion, reflecting a 5.3 percent decline. March rebounded to N961.86 billion, representing a 19.5 per cent increase, while April saw another drop to N811.78 billion and May recovered to N868.66 billion.
In addition, June continued the upward trajectory at N930.76 billion, a 7.2 percent increase from May, while July transactions surpassed the N1 trillion mark for the first time, reaching N1.01 trillion, growing eight percent. The data for August saw a sharper rise to N1.20 trillion and September followed suit with N1.24 trillion, up 2.8 percent.
The most dramatic spikes occurred in the final quarter of the year
as October’s transactions jumped to N1.84 trillion, and November set an all-time monthly record at N4.38 trillion, more than double October’s total, driven by increased consumer spending ahead of the festive season. December saw a slight pullback to N3.25 trillion, but still maintained high momentum, closing the year on a strong note.
Despite the expansion in e-payment and PoS transactions, Nigeria’s Bank Verification Number (BVN) registrations exhibited a slower growth rate, which emphasised the growth, adoption, and confidence in electronic payments.
BVN enrollment stood at 64.92
Governors’ Forum.
The theme of this year’s meeting was, “Rebuilding the Lake Chad Basin: Consolidating Gains, Commitment to Peace, Cross-Border Cooperation, Security, and Sustainable Development for a Resilient Community.”
Hosted by the Yobe State government in Maiduguri, the meeting brought together eight governors from Nigeria, Cameroon, Chad, and the Republic of Niger.
Equally present were humanitarian organisations, as well as representa- tives of the local and international communities, who came together to address pressing security challenges and explore solutions for stability in the Lake Chad region.
Tinubu, who was represented by Vice President Kashim Shettima, stated that while military power was necessary to contain identified security threats, it must be accompanied by strategies to address their root causes, including poverty, inequality, and lack of job opportunities for the region's young population.
He stated, "Your Excellencies, distinguished ladies and gentlemen, our response to these threats must be multifaceted. While military solutions are indispensable, they must
be complemented by strategies that address the root causes of insecurity – poverty, inequality, and the lack of opportunities for our youth.
"It is a tragic irony that Africa, a continent with the youngest population in the world, sees its youth become cannon fodder for destructive ideologies and the drivers of conflict. This is the challenge before us: to transform this demographic dividend into a force for "Power’sgood.true essence lies not in its possession but in its application. Hard power may secure borders, but it is soft power – through diplomacy, culture, and shared values – that builds bridges and binds us together."
The president said every part of the world was entangled in its own unique security challenges, resulting in the global military gulping "a historic $2.4 trillion in 2023, with no signs of slowing".
However, he said, "Hard power, detached from the moral imperatives of justice and diplomacy, only widens the very divide it seeks to bridge."
Tinubu told the Lake Chad Basin Governors’ Forum that it was only by sticking to the vision for which the forum was created that pursuing and adopting partnerships that would
OBANIKORO ACCUSES ACCESS BANK OF USING HIS PROPERTY AS COLLATERAL FOR N1BN LOAN WITHOUT HIS CONSENT another loan, completely unknown to the property owner.
The loan of N1 billion was granted to DDSS International Company Limited via an offer letter of May 16, 2019, using the same property as security.
The letter was signed by Bukola Shoyombo, a Relationship Officer in Access Bank Business Banking Division, and Oreoluwa Roy-Egbokhan, a Relationship Manager.
The purpose was to enable DDSS International finance the purchase of different brands of cars and luxury vehicles for sale to individuals and corporate organisations.
The tenor of the loan was for 60 months at 15 per cent interest per annum, subject to review based on prevailing market conditions.
The bank claimed that the collateral was a “comprehensive third-party legal mortgage on property located at 40B Bourdillion Road, Ikoyi. The property is currently with the bank and perfection has been concluded,” the bank claimed in the offer letter.
The implication, the insider, explained, was that the bank granted DDSS International the loan without collateral, because the property was not theirs and the owner had no relationship whatsoever with the company A complaint of stealing was later filed against the bank and others, following which the Lagos State Government filed charges against the Managing Director, Bolaji Agbede, and three others.
In the four-count charge pending before Justice Ibironke Harrison of the Lagos State High Court, sitting in Tafa Balewa Square, the Director, Directorate of Public Prosecutions, Mrs A. O. Oluwafemi, accused the bank and others of conspiracy, stealing, and attempted theft.
The defendants were the Managing Director of Balmoral International Limited, Adejare Adegbenro; Balmoral
International Limited, Access Bank, Bolaji Agbede and DDSS International Company Limited.
The charge read: “Count 1: Conspiracy to Commit a felony to wit: stealing contrary to Section 411 of the Criminal Law, Ch. C17, Vol.3, Laws of Lagos State, 2015.
“Particulars of Offence: Adejare Adgbenro (m), Balmoral International Limited, Access Bank and Bolaji Agbede (m) on or about the 24th Day of September 2013 at Plot 1261, Adeota Hopewell Street, Victoria Island, Lagos State in the Lagos Judicial Division, conspired to commit a felony to wit: Stealing.”
The charge stated that they conspired and “stole the property of MOB Integrated Services at Plot 40b, Bourdillion Road, Ikoyi, Lagos, by using it as a security for a loan without his consent and subsequently entering into a consent judgment.”
The defendants were also charged with attempted stealing, contrary to Section 21 of the Criminal Law of Lagos State, 2015.
The prosecution said the defendants, on or about May 26, 2019, at Plot 1262, Adeola Hopewell Street, Victoria Island, Lagos State, in the Lagos Judicial Division, “attempted to steal the property of MOB Integrated Services at Plot 40B, Bourdillion Road, Ikoyi, Lagos by offering and granting DDSS International Company Limited a credit facility of N1billion only.”
However, following the defendants' failure to appear for their arraignment, Justice Harrison ordered their arrest.
The judge issued the arrest warrant after prosecution counsel, Uthman Rilwan, informed the court that despite being served with a notice, the defendants failed to appear.
After issuing the warrant, the judge directed that it be executed against the principal officers of the defendant companies.
She adjourned until February 24, 2025, for arraignment.
benefit the people could be achieved.
Such partnerships, he added, included the collective commitment to the African Continental Free Trade Area (AfCFTA) and advancing the United Nations Sustainable Development Goals. He said the choices made "today will echo through generations, shaping the future of this region".
Speaking on the successes recorded so far in repelling threats to the region's borders and sovereignty by elements of terror, the president attributed past victories by member countries to the joint missions they had embarked on.
According to him, "These hard- won victories are a testament to the strength of our cooperation, as such, the guarantee of peace must remain paramount, even when domestic politics or policies seek to undermine the nobility of our agreements to serve the people."
Tinubu cautioned the governors and other stakeholders against allowing "the geo-political tensions across the world to sow discord" in the region, and submitting "to become tools in any proxy agenda".
He said, "The salvation of the Lake Chad region is neither in Europe nor in the Americas. It lies in the hands of all those gathered here today.
“You, distinguished representatives of this forum, embody not only our collective will to protect the region but also the transformative potential that stability brings.
"The true enemy remains the non-state actors – those who exploit weak borders, poor governance, and fragile economies to challenge our claim to civilisation.
“However, the worst threat we may face is not the insurgents or terrorists at odds with our humanity. It is the absence of cooperation, sincerity, and fidelity to our shared pact as brothers’ keepers.
"We undermine this pact when we renege on agreements to secure
further action.
Layonu contended that the Mareva order had caused significant financial harm to GHL.
The earlier order, issued on December 12, 2024, had restrained the bank from taking further action to recover the loan until arbitration proceedings between the parties had been concluded.
The case concerns a loan dispute between First Bank of Nigeria Limited, a subsidiary of First Bank Holdings and GHL, along with several other related entities, including GHL 121 Ltd, Aimonte Nigeria Limited, and Schlumberger Nigeria Limited.
The injunction had restricted all commercial banks from dealing with assets or funds belonging to GHL and its affiliates.
First Bank had approached the court via an ex-parte application against GHL and 15 other entities even when there was a subsisting judgement.
Responding to the suit, GHL and some of the defendants urged the court to discharge the order freezing its assets and accounts on the grounds that the court was misled in granting same.
The oil firm argued that the order was obtained through fraudulent misrepresentation and concealment of material facts.
our borders, when misinformation and falsehoods breed mistrust, and when we jeopardise the freedom and choices of our people."
Earlier, the host governor, Mai Mala Buni of Yobe State, described the forum as an opportunity for states around the Lake Chad Basin region across Nigeria, Niger, Chad, and Cameroon to discuss and reflect on the journey so far since the Regional Strategy for Stabilisation, Recovery, and Resilience became operational six years ago.
Buni stated that as partners in progress, the Yobe State government provided the platform for participants to strengthen contact and collaboration towards ensuring stabilisation, recovery, and resilience across the Lake Chad Basin in the months and years ahead.
Speaking, also, Borno State Governor, Professor Babagana Zulum, commended the strategic partners of the forum, saying their contributions have enabled governments of the forum to tackle some of their challenges, strengthen, and rebuild the Lake Chad region.
Zulum said the platform was a rallying point for political cohesion, fostering regional interaction, sustaining the socio-economic development of the region, and regional integration.
Governor Ahmadu Fintiri of Adamawa State stated that the basin had passed through the worst environmental moment, leading to the shrinking of Lake Chad.
Fintiri recalled that “the United Nations Environmental Programme has recently revealed that Lake Chad has shrunk 90 per cent in six years and blamed the situation on climate change, irrigation and construction of dams and population increase”.
In his welcome remarks, Executive Secretary of Lake Chad Basin Commission, Ambassador Mamman Nuhu, said the forum's meeting "serves as a critical platform for fostering
GHL and other applicants accused First Bank of misleading the court to obtain orders against them.
They argued that had all the facts been presented before the trial judge, the order against them would not have been granted.
The trial judge upheld GHL’s arguments and consequently set aside the freezing order.
In his ruling, Justice Dehinde Dipeolu, stated that when compared with an earlier order issued by Justice Ambrose Lewis-Allagoa in Suit No. 1953, the Mareva Injunction should be set aside.
The court found that First Bank of Nigeria and FBNQUEST Limited, at whose instance the order was procured, failed to fully disclose Justice Lewis-Allagoa’s order, which made the Mareva Injunction incompatible with the earlier ruling.
The court consequently agreed with GHL and the 2nd to 5th defendants that First Bank deliberately "suppressed facts" to mislead the court into granting the order against GHL.
The court in the circumstance, said it had no choice but to set aside the order freezing GHL accounts as well as the accounts of all the other defendants in the case.
Justice Dipeolu stated, “I have carefully read through all that is
dialogue, enhancing collaboration, and reaffirming our collective commitment to addressing the multifaceted challenges facing the Lake Chad Basin”.
Nuhu said the theme of this year’s meeting, “Rebuilding the Lake Chad Basin…,” reflected the immense progress achieved so far and the equally immense work that needed to be done.
Development Director at the British High Commission, Nigeria, and Representative of International Support Group, Ms Cynthia Rowe, commended the governors, stressing that the region has recorded marked improvement in the face of daunting challenges.
Rowe said displaced people had
NECA
returned to their homes, and hope had been restored. Though she said the challenges in the Lake Chad Basin remained poverty, complex crises, and climate change. She pledged that the funding partners would continue in their efforts towards assisting the forum achieve its objectives.
Present at the meeting were Governor of Hadji Lamis Province in Chad and Chair of the Lake Chad Basin Governors Forum, Ildjima Abdraman; senator for Borno South, Mohammed Ali Ndume; senator for Borno Central, Kaka Shehu Lawan; President of the Ninth Senate, Senator Ahmad Lawan; and members of the House of Representatives.
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for the launch of the Nigerian Foreign Exchange (FX) Code, describing it as a strategic policy initiative that would enhance transparency, ethical conduct and governance in Nigeria’s FX market.
The Director-General of NECA, Mr. Adewale-Smatt Oyerinde, said, "the introduction of the FX Code is a commendable step towards enhancing transparency, integrity, and professionalism in Nigeria's foreign exchange market. This aligns with NECA's advocacy for policies that foster a conducive business environment and economic stability."
Oyerinde further emphasised that NECA believed, “the FX Code will
contained in the Originating Summons in Suit No:FHC/L/CS/1953/24 and the Interim Orders of Hon. Justice Allagoa J. dated the 12th of December, 2024. It appears to me that the Interim Orders made by Hon. Justice Allagoa J. revolves around the arbitration proceedings between the 1st Defendant and the 1st Plaintiff in this case, which arbitration proceedings is pursuant to Clause 12 (c) of the Agreement between the 1st Defendant and the 1st Plaintiff dated the 29th of May, 2021. This position is reflected in all the Interim Orders granted on 12th of December, 2024.
"Although, the Interim Orders made by this Court on the 30th of December, 2024 are in relation to the subsequent facilities agreement between the 1st Plaintiff and the 1st Defendant and it does not extend to the receivables in the agreement of 29 of May, 2021, also, the present suit on the face of it if placed side by side with FHC/L/CS/1953/2024 is not an abuse of process for the reasons given above, however, in view of the Orders of Allagoa J. made on the 12th of December, 2024, the Mareva order granted by this Court on 30th December, is hereby set aside.
"Based on all my findings above, I hold that the 1st Defendant/Applicant Motion on Notice dated January 13,
not only promote ethical conduct among market participants but also bolster investor confidence, which is crucial for economic growth.
“NECA encourages all stakeholders to familiarise themselves with the provisions of the FX Code and ensure full compliance to achieve its objectives." He, however, noted that the success of the FX Code would depend on effective implementation, enforcement, and stakeholder buy-in.
"It is critical that the CBN ensures full compliance with the FX Code across all market participants, including banks, Bureau De Change operators, and corporate entities. There must also be periodic reviews and stakeholder engagements to fine-tune the policy where necessary," he said.
2025 succeeds, the Mareva Order of 30th December, 2024 is hereby set aside.
Therefore, the 2nd to 5th Defendants/Applicants’ alternative relief succeeds to the extent that the Mareva Order of 30th December, 2024 is set aside against 2nd – 5th Defendants." Justice Dipeolu adjourned the case till February 19, 2025, for further proceedings.
Unfortunately, attempts are already being made on social media to falsify the ruling and mislead the public by bringing documents about orders that have now been vacated by the court. The court clearly and unambiguously vacated the entire Mareva contrary to what is being circulated out there by the bank. The court did not vacate the Mareva order piecemeal but the entire injunctive orders obtained by the bank.
Meanwhile, GHL directors who were also negatively affected by the ex parte freezing order have begun proceedings worldwide against First Bank, seeking $1 billion each in damages for defamation and wrongful freezing of their accounts.
GHL is also bringing a case in the Legal Practitioners Privileges Committee against First Bank lawyers, Babajide Koku, SAN and Victor Ogude SAN for unprofessional conduct.
NASENI CELEBRATES HALILU’S RECOGNITION
EVC/CEO, National Agency for Science and Engineering Infrastructure (NASENI), Khalil
State, Chief Olusegun Osoba.
The Zamfara State Government has applauded the collaborative effort of the Department of State Services (DSS) and the Nigerian military in intercepting illicit transnational arms supply to terrorist kingpins in Zamfara State and its adjoining neighbours.
Governor Dauda Lawal of Zamfara State gave this commendation while inspecting the seized cache of arms and ammunition in Gusau, the state
capital.
He further applauded DSS for sharing intelligence with the Nigerian Armed Forces which led to the seizure of a large cache of arms and ammunition couriered from Niger Republic.
DSS operatives had in a joint operation with troops of Operation Fansan Yamma, on Monday and Tuesday, successfully trailed a notorious arms courier, Abubakar Umar, aka Dangada, from Niger Republic up to the Kaura Namoda-Zurmi Road.
A source familiar with secret police operations said DSS intelligence revealed that Umar was billed to convey the munitions from Niger Republic to Birnin Magaji LGA for onward delivery to some banditry kingpins, particularly Kachallah Atta, Alhaji Shinge, Alhaji Nashama and a certain Zaki.
The source further revealed that inside a red Abuja-registered Volkswagen Golf station wagon car (RBC 731 GU), which the arms couriers abandoned after fleeing
with serious bullet wounds, were seven AK-47 rifles, two PKT GPMG and two AK-103 rifles.
"Also recovered were 169 rounds of 7.62x39mm calibre of ammunition, 9 PKT rounds of ammunition, with one chain; and 13 empty magazines," the source further revealed.
Meanwhile, Governor Lawal thanked President Bola Ahmed Tinubu for greatly supporting the DSS and the military to make Zamfara State and all of Nigeria safer.
The Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar has said that sound administration and effective personnel management form the bedrock of successful military operations.
He stressed that without strong administrative backbone, even the most brilliant strategies, advanced platforms or innovative technologies cannot deliver their intended outcomes, no matter the size of the air force.
Air Marshal Abubakar said this while declaring open, Nigerian Air Force Administration Personnel Seminar 2025.
He also said that a well-managed workforce is essential for ensuring the right skills are available, strategically deployed at the right time and place to effectively achieve mission objectives.
He revealed the Nigerian Air Force (NAF) has experienced remarkable growth over the past 13 years, with an 86 percent increase in its overall population.
Stating that the number of airmen and airwomen has doubled since 2013, driven by higher intake rates to meet operational demands, the CAS said the most significant growth surge occurred between 2017 and 2020.
He revealed that the officer-toairmen ratio currently stands at approximately one to six.
He said that under his watch, over 530 officers were commissioned and about 2,300 airmen were recruited, stating that if the service maintains this growth rate, it is projected to exceed 30,000 personnel by 2027.
This rapid increase in staff numbers, he said underscored the need for modern, computerized human resource management and proactive administration.
To this end, Abubakar emphasised the imperative of reviving NAF's efforts to computerise its personnel management group for seamless record keeping and upgrade accommodation management software to ensure equitable and efficient resource distribution.
His words: "Similarly, integrating data analytics to forecast manpower needs, alongside implementing digital platforms for training and career development would significantly enhance decision making, optimise resource allocation, and boost overall operational efficiency.
"Let me seize this opportunity to emphasize to all Nigerians that the Nigerian Air Force remains unwavering in its commitment to
national security and the total defeat of terrorism and banditry.
"Our relentless operations against criminal elements reaffirm our determination to protect innocent lives and restore peace across the nation.
"Let me make it clear that airpower will extend the long arm of the law, bringing justice to criminals hiding in ungoverned space.
"We will find, fix and strike all those who take arms against the state, and we will not relent until Nigeria is safe for all."
Abubakar however lamented that despite these efforts, challenges such as absence without leave, drug abuse and substance misuse, as well as the negative influence of social media,
continue to pose challenges.
In his address of welcome, the Chief of Administration (COA), Air Vice Marshal Idi Sani, said the seminar is a product of deliberate efforts to galvanise administration personnel specialists into critical thinking concerning NAF’s emerging manpower requirements in a time of positive change.
The NAF leadership, he said has placed high premium on effective administration of personnel welfare, which is a prerequisite for its operational success.
He said the theme for this year's seminar, is "Optimizing Contemporary Human Resource Techniques to Enhance Ongoing Transformation Initiatives of the NAF".
He assured that his government would continue to support the security agencies in Zamfara State to tackle terrorists and criminals.
Lawal also expressed confidence in the ability of the service to guarantee the internal security of Nigeria.
Agnes Ekebuike
To tackle food insecurity and empower rural women, the BATN Foundation (BATNF), in partnership with the Akwa Ibom State Government and Eco-Lead Imperial Engineering and Global Services Ltd., has launched a poultry project in Akwa Ibom State.
The initiative which kicked off on December 15, 2024, at the Akwa Ibom Agricultural Development Project Premises (AKADEP), has already distributed 2,000 five-week-old Noiler chickens to 100 smallholder poultry farmers, with a focus on women, youth, and persons with disabilities.
Each beneficiary received 20 Noiler birds, a 25kg bag of poultry feed, and 150g of multivitamin sachets, equipping them with the tools to start sustainable poultry farming.
The Noiler breed, known for its dual-purpose use in egg and meat production, is expected to improve local chicken breeds through cross-mating practices, thereby enhancing food security and nutrition in the region.
Permanent Secretary of the
Ministry of Agriculture and Rural Development in Akwa Ibom State, Mrs. Rosemary Ubia, who represented Commissioner, Effiong Offor, at the flag-off ceremony, emphasised the state government’s commitment to supporting farmers.
She announced a transportation stipend of N5,000 for each beneficiary, underscoring the initiative’s alignment with Governor Umo Eno’s ARISE agenda to boost agricultural productivity in the state.
The selection process for beneficiaries was a collaborative effort involving the Ministry of Agriculture, the Poultry Farmers Association of Nigeria (PAN), and the Nigerian Veterinary Medical Association (NVMA), ensuring that the most vulnerable groups were prioritised.
General Manager of the BATN Foundation, Oludare Odusanya, highlighted the project’s dual focus on immediate food security and long-term economic empowerment.
“This initiative is not just about providing resources; it’s about equipping farmers with the skills and tools to build sustainable livelihoods,” he said.
Alex Enumah in Abuja
The Economic and Financial Crimes Commission (EFCC), on Wednesday, called its first witness in the alleged corruption trial of immediate past governor of Kogi State, Mr. Yahaya Bello. The witness, Mr. Fabian Nwora, a property developer with Efab Property Nigeria Limited, gave evidence of how one Shehu Bello had approached him in 2020 in respect of a property located at No. 1 Ikogosi Street. Led in evidence by prosecution counsel, Mr. Kemi Pinheiro, SAN, the witness gave details of the transaction up till when the anti-graft agency
intervened.
He stated that although, the transaction was made between Shehu Bello and Efab Property Nigeria Limited, the name contained on the sales documents is Dr. Ohiani Bello.
Speaking further, the witness said Shehu Bello, sometimes in 2023, came to demand refund of the property he purchased at N550 million because the property was under investigation by the EFCC.
Nwora disclosed that he declined to refund the money after consulting his lawyer, who told him to hold on for the EFCC, adding that not long after, the commission invited him to explain what transpired between Efab
Property and Shehu Bello.
He stated that after his explanation, the agency instructed them to refund the entire sum to an EFCC-designated account.
"We paid N400 million first, then N150 million later", he said.
The witness claimed that after the money was paid into the commission's account, he never had any contact with Shehu Bello or Dr. Bello Ohiani over the issue until December last year, when the EFCC summoned them to court to testify as witnesses in the case related to their transaction with Shehu Bello.
However, the witness throughout his testimony on Wednesday did
not mention the name of former Governor Yahaya Bello.
Meanwhile, after the court admitted the copies of the Sales Agreement and Deeds of Assignment as exhibits, the court, announced that the matter would be adjourned to enable the court attend to other matters.
Earlier, defendants’ lawyers had objected to the oath administration of the witness on the grounds that the prosecution did not furnish them with the defendants' statements made at the commission.
Besides, they complained that the prosecution ought to have supplied them with the list of witnesses they intend to call to enable them prepare
adequately for cross examination. Counsel for the 1st and 2nd Defendants, Joseph Daudu, SAN, citing authorities, emphasized that legal proceedings should not be a "hide and seek" game.
"The statements of the second defendant have not been served on us to be able to know if we will be able to represent him or not.
"So, it is a serious handicap on us. They need to serve us all the statements made by the defendants.
"I understand the first defendant has not made a statement. Fortunately, we are still within the house keeping stage of the proceeding," he added.
Heartfelt Congratulations on Your Life Bencher Affirmation,
Distinguished Senator Michael Bamidele Opeyemi (CON),
Being named a Life Bencher is one of the highest honors in the legal profession, and there is no one more deserving.
This milestone is a testament to your hard work, perseverance, and unwavering commitment to justi ce and leadership.
From all of us at Post Assurance Brokers Limited, we celebrate you, Sir!
Raymond Njoku Street, Off Awolowo Road, Ikoyi, Lagos, Nigeria
Tel: +234 291 8531
www.thisdaylive.com
A BEACON OF INCLUSIVE LEADERSHIP
Umo Eno wins
Governor of the Year Award at THISDAY 30th anniversary, writes ANIEKAN UMANAH
See page 20
REVITALISING NIGERIA’S ENERGY INFRASTRUCTURE
Under Mele Kyari’s leadership, Nigeria is on track of becoming a self-sufficient energy giant, reckons FEMI ADEWALE
See page 20
EDITORIAL
BANE OF DRUG COUNTERFEITING
opinion@thisdaylive.com
Government should rise to the occasion and prove that the country is not finished on the global scene, writes MONDAY PHILIPS EKPE
It is no longer news that Nigeria is now a partner-nation of an intergovernmental organisation better known by its acronym, BRICS: Brazil, Russia, India, China, South Africa. The first summit was held as BRIC in 2009 in Russia with the first four countries as members. It later admitted the fifth in the following year and arrived at its present name. From day one, the group hasn’t left anyone in doubt about its core intentions and missions. The western economies have consistently held the longer part of the stick since World War II, a situation that was somewhat ameliorated by the glorious years of the defunct Union of Soviet Socialist Republics (USSR). As expected, after the fall of the Berlin Wall in 1989, that dominance grew stronger.
Somehow, China and Russia in particular had to find concrete ways to challenge the status quo, if not checkmate it altogether. They were not going to fold their hands and allow that regime to thrive inexorably. After all, the world order is powered principally by three fuels: politics, economy and military, with the last two standing as the determinants of the first. India and Brazil, some of the world’s super developing nations, could be trusted to complement Beijing and Moscow in their quest. Then, South Africa, the leading economy in easily the globe’s most endowed but marginalised and abused continent.
While BRICS hasn’t yet done enough to turn the table, its stated action plans, particularly adopting a common currency within its fold and ultimately ditching the dollar, have announced themselves as potential game changers. The group is, without doubt, rich in potentialities and promises. All things being equal, it should be able to live up to its billings: enhance development, trade, investment, security and cooperation among the planet’s top emerging market economies; and also serve as a viable counterpart and alternative to the elite G7.
Enter the beloved Nigeria. It’s not for nothing that the country is called giant of Africa, now with cynicism in many quarters though. Beyond its massive human resources, it hosts a collection of energies that can’t be ignored. Tides do turn, however, and chapters do change; sometimes quickly and brutally. At other times in the past, the nation would have been approached with reverence right from inception to be a co-founder. But that statement from the Ministry of Foreign Affairs announcing the country’s new partnernation status in BRICS contains, between its lines, echoes of its present condition. “The formal acceptance to participate as a partner country underscores Nigeria’s commitment to fostering international collaboration, leveraging economic opportunities, and advancing strategic partnerships that align with Nigeria’s development objectives,” it says.
“BRICS, as a collective of major emerging economies, presents a unique platform for Nigeria to enhance trade, investment, and socio-economic cooperation with member
countries. Nigeria is poised to leverage this platform to advance shared goals in trade and investment, energy security, infrastructure development, technology, and climate change. This partnership also aligns with our national aspirations for inclusive growth, regional integration, and active participation in shaping a fair and equitable global economic order in line with our ethos of strategic autonomy.” Smooth diplomatic rendition.
But, sadly, fine communication alone may not assuage the embarrassment some Nigerians and non-citizen lovers of Nigeria feel about this development. They’re pained that all things being equal, the country shouldn’t be comfortable in the company of the other partner-nations, namely Algeria, Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Turkey, Uganda, Uzbekistan and Vietnam; that the shame was complete when Nigeria lost the chance to, at least, become a later-batch member when Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates (UAE) did.
Sceptics and cynics have taken the argument even further. Overwhelmed by a mixture of nostalgia and national pride, they simply can’t get over what used to be for Nigeria on the external turf. At a point during the anti-apartheid struggle, in recognition of its leadership role, the country became a nemesis of the South African white supremacists and was the only one without physical boundaries with the Southern African nation that was proclaimed a frontline state by the United Nations. Nigeria’s pivotal campaigns in the emancipation of other countries within the region, notably Angola, Namibia and Zimbabwe, are also well documented.
Not to mention the near-messianic interventions in the turbulence in Liberia and Sierra Leone. The latter turned out to be too costly in men, materials and money but established Nigeria as an undisputed regional political and military leader. The reminiscences go on and on. All that catalogue of heroism now appears to be in perpetual jeopardy, occasioned by our dwindling fortunes on the world stage. Again, as is the case in virtually every component of the country’s national life, arriving here isn’t a simple quick-dash. It’s been years of wrong decisions, missteps and misplaced priorities.
Some of the apprehensions about Nigeria’s BRICS entry point are truly informed and credible. Yusuf Bangura, a coordinator at the United Nations Research Institute for Social Development (UNRISD)’s response in his article titled, “What’s Wrong with Nigeria’s Foreign Policy” can’t seriously be waived away.
“How can Ethiopia (which has a smaller GDP than Nigeria), Egypt and South Africa (which only leapfrogged Nigeria on the GDP metric in
2024 after the massive devaluation of the naira in 2023) be full members of BRICS and Nigeria confined to the status of a partner member?” He wonders.
“This, surely, must be insulting to many Nigerians. It seems that Nigeria’s dysfunctional domestic politics has affected the foreign policy establishment and weakened its posture on the global stage. The statement from the spokesperson of the Ministry of Foreign Affairs accepting the BRICS’ offer reads like Nigeria’s foreign policy has become largely transactional, without any lofty ideals, vision or strategic goals.
“How a second-tier membership role in an organisation like BRICS will impact Nigeria’s aspirations for regional power status and global influence is not addressed. If Nigeria can’t gain full or permanent membership of BRICS, why should it expect to be granted permanent membership of the UN Security Council - a long-standing position it has canvassed for Africa’s voice in world affairs?” Valid posers, understandably.
While not denying the possibility of some negative implications for joining from behind in terms international reckoning, the greater question is whether the country stands to benefit from inaction in the face of current sad realities, all in the name of ego. And what manner of egotism would that be? Jimmy Cliff, Jamaican reggae legend, has a hit called, ‘Foolish Pride’. In a matter of months, Nigeria has crashed from its first position to fifth on the continent’s economic size chart. And the main developmental indices aren’t yet showing any signs of bouncing back strongly.
Some local sayings may be pedestrian but analysts and realists should embrace them, even if temporarily. “The downfall of a man is not the end of his life.” “He who is down needs fear no fall.” “Na condition make crayfish bend.” “No condition is permanent.” Of course, there’s a certain level no nation should go below in attempts to seek salvation but Nigeria is not there yet, thankfully.
Ego, though critical to the essence of living, isn’t all there is to life. The nation, like everything else on the planet, must go through phases. The frustrations Nigerians express while waiting, seemingly interminably, for their country to rise from its ashes are comprehensible but despising the present move is not a reasonable option. The federal government must prove its critics wrong and win the confidence of its citizens by pursuing the much-touted gains of partnering with an institution that’s attempting to find its way in a hugely cornered political and economic arena.
Umo
the Year
The grand halls of the Convention Centre at Eko Hotels, Victoria Island, Lagos, January 27, 2025, shimmered under the glow of brilliance and prestige, as THISDAY marked its 30th anniversary in a night woven with excellence. Themed “When the Going Gets Tough…the Tough Get Rewarded,” the event was a celebration of resilience, vision, and impact, an ode to those who have dared to dream and deliver.
And in that constellation of greatness, one star, Governor Umo Eno of Akwa Ibom State, whose revolutionary strides in governance earned him the Governor of the Year 2024 award, shoned bright.
Like a sculptor chiseling through stone, he molds a state into beauty unknown. Brick by brick, dream by dream, Akwa Ibom rises, steady as a stream through his hard workmanship.
From the moment he took office, Governor Umo Eno set forth on a mission, not of grandeur, but of purpose. With a heart rooted in humanitarian service and hands stretched toward inclusivity, he has bridged the gaps between rural communities and urba centers, ensuring that no corner of Akwa Ibom is left in the shadows; he weaved political divides into a basket of inclusivity for the growth and progress of the State.
It was this profound revolution that earned him accolades on the THISDAY stage. Presenting the award, former Commonwealth Secretary-General, Chief Emeka Anyaoku, spoke with admiration:
“I must tell you a story…” And stories are the echoes of history, stories of a leader who hosts with grace; A governor whose heart is a warm embrace.
Anyaoku recalled his visit to Uyo, where Governor Eno hosted him with kindness and dignity, a reflection of a leader who does not govern from a distance but walks with his people, listens to their needs, and builds their dreams into reality.
Chairman of THISDAY Media Group/Arise News Channel, Prince Nduka Obaigbena, CON, also hailed Governor Eno’s leadership, describing him as a man who “blazes the trail quietly, using the state’s resources meticulously to transform Akwa Ibom across board.”
He does this, not with the clamor of drums or fanfare’s might, but with the whisper of progress, steady and bright. The roads he lays, the homes he builds are legacies written across the fields.
Prince Obaigbena noted that the Governor of the Year category was fiercely competitive, with Governors Babajide Sanwo-Olu (Lagos), Sheriff Oborevwori (Delta), and Uba Sani (Kaduna) also emerging as recipients.
Not one, nor two, but four did rise, Governors of vision, of truth, of ties.
For democracy thrives where leaders dare, to govern with wisdom, with justice, with care.
When Governor Umo Eno took the stage, his symphonic voice carried not pride but gratitude, his words a melody of humility. He dedicated the honor to his deputy, Senator Akon Eyakenyi, PhD, as well as past governors whose footprints paved
the road he now walks.
“Most importantly today, I dedicate this award to my political father,the man who saw me, believed in me, when no one else gave me a chance. He is Deacon Udom Emmanuel, the immediate past Governor of Akwa Ibom State,"
The applause was not just for the moment but for the journey, a journey of faith and perseverance of a leader who understands the weight of trust bestowed upon him.
Governor Eno also acknowledged THISDAY and Arise News TV, drawing a symbolic connection: “Incidentally, we share the same acronym, ARISE, which is the acronym for our economic blueprint in Akwa Ibom State.” And indeed, like the rising sun, his ARISE Agenda, his development blueprint for Agriculture, Rural Development , Infrastructure Expansion , Security Management and Educational Advancement illuminates the path toward a prosperous Akwa Ibom State.
Governor Eno arrived at the event as a symbol of a united front. By his side stood his predecessor, Deacon Udom Emmanuel, CON, whom he rode in the same vehicle to the venue with, the Coordinator of the Office of the First Lady, and First daughter of the Governor, (Mrs.) Helen Eno- Obareki, and a host of other distinguished Akwa Ibomites, including: Senators Aniekan Bassey, Effiong Bob, Emmanuel Ibokessien, Chief Assam Assam, SAN’; Paul Usoro, SAN and Prince Enobong Uwah, Secretary to the State Government, leading a host of senior State government officials and associates to the event.
Draped in an elegant short-sleeved white lace, adorned with golden studs and dark Louis Vuitton shoes, Governor Eno was the very picture of poise in simplicity, an embodiment of tradition and modernity, of humility and grandeur even as he took his bold yet stylish walk through the aisle that led to the Centre. In his ever humane disposition, he exchanged pleasantries and acknowledged everyone possible before resuming his seat.
Pastor Eno is not just a governor and man of God, but a symbol of grace, a leader whose steps leave time’s embrace. The path he walks is paved with light and led with wisdom’s sight.
The THISDAY awards night was a spectacle of culture and class, where music became the heartbeat of the evening.
The soulful rhythms of Flavour electrified the room, paving the way for the legendary Diana Ross, whose voice wrapped the audience in nostalgia.
Hosted by Ojy Okpe and Adefemi Akinsanya, and interspersed with laughter by comedian Bovi Ugboma, the event was a tapestry of elegance, history, and entertainment in a digitally resplendent stage that gave panache and effects to the event.
For Governor Umo Eno, this was not merely an award, it was an affirmation of his journey and a reminder that leadership is not about power but about purpose. It was a continuation of the recognition that was announced two weeks earlier, when Leadership Newspaper also named him Governor of the Year 2024.
As the echoes of applause trail Governor Eno’s accomplishment, the true work continues. Th Governor does not bask in accolades; he builds upon them. His vision for Akwa Ibom remains unwavering, his dedication to service untiring. To him, the award is a call to redouble effort at good governance and sustainable development, he said.
For the people of Akwa Ibom, the future is not a distant dream, it is unfolding before their eyes. And at the heart of it stands Governor Umo Eno, a leader whose steps are measured, whose heart is open, and whose hands are ever building a state that shall rise, and rise, and rise.
Umanah writes from Uyo
Under Mele Kyari’s leadership, Nigeria is on track of becoming a self-sufficient energy giant, reckons FEMI ADEWALE
The Nigerian National Petroleum Company Limited (NNPCL), under the leadership of Group Chief Executive Officer (GCEO) Mele Kyari, has embarked on several ambitious projects to reposition Nigeria’s energy sector. The recent comprehensive rehabilitation of pipelines and depots is just one among many initiatives aimed at improving petroleum distribution, enhancing energy security, and boosting economic growth, in alignment with President Bola Tinubu’s renewed hope agenda.
Since assuming office in 2019, Mele Kyari has spearheaded reforms that are reshaping the country’s oil and gas industry, ranging from infrastructure upgrades to strategic partnerships and financial restructuring.
Nigeria’s petroleum pipeline and depot system, crucial for crude oil and refined product distribution, has long suffered from vandalism, neglect, and inefficiencies. The NNPCL’s rehabilitation project aims to restore seamless fuel transportation, reduce reliance on tankers, and improve energy security.
Repairing and modernizing key pipelines to ensure a steady supply of crude oil to refineries and refined products to depots and depot modernization, enhancing storage facilities, automating distribution processes, and improving efficiency at major depots, are the major focus of this project.
By 2027, the project aims to transform Nigeria’s oil transportation system into one of Africa’s most efficient petroleum networks.
This is not the only landmark project under the leadership of Kyari. For decades, Nigeria has relied on imported refined petroleum products despite being Africa’s largest crude oil producer.
One of Kyari’s boldest moves was initiating the $1.5 billion rehabilitation of the Port Harcourt Refinery to restore its refining capacity.
The rehabilitation, undertaken by Tecnimont S.p.A, an Italian engineering firm, with funding from NNPCL and African Export-Import Bank (Afreximbank), is being executed in three phases to ensure continuous production. The first phase, with an initial 60,000 barrels per day (bpd) refining capacity, was completed in December 2023.
Once fully operational, the refinery will reduce Nigeria’s dependence on imported fuel, saving billions in foreign exchange. Job creation, skill development, and technological advancements in Nigeria’s energy industry and stabilization of fuel prices by reducing import-related costs, are the major benefits for the revamping of the nation’s refinery capacity.
Another major landmark project is the most ambitious natural gas project in Nigeria’s history, the 614-kilometer AKK Gas Pipeline, which is a flagship infrastructure under Kyari’s administration. It forms part of the Trans-Nigeria Gas Pipeline (TNGP) designed to boost domestic gas utilization and enhance industrialization.
On completion, the project is expected to deliver up to 2.2 billion cubic feet per day (bcf/d) of natural gas to power plants and industries across Northern Nigeria.
Among others the project will ensure uninterrupted power supply to industries in Northern Nigeria. Lowering electricity costs by replacing expensive fuel-based power generation and reduction of carbon emissions, aligning with Nigeria’s energy transition goals. The AKK Gas Pipeline project, once completed, will be a major driver of Nigeria’s industrialization and economic diversification.
For decades, Nigeria’s offshore oil contracts favored international oil companies (IOCs),
leading to significant revenue losses. In 2019, Mele Kyari spearheaded a landmark renegotiation of the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act, ensuring better revenue distribution for Nigeria.
This has increased Nigeria’s revenue share from offshore oil production from zero royalty to a sliding scale starting at 10%, and also secured an additional $500 million annually for the Nigerian government, ensuring longterm stability in offshore oil investments.
This renegotiation has significantly improved Nigeria’s earnings, providing critical funds for infrastructure development and energy projects.
Recognizing Nigeria’s vast natural gas reserves, Kyari introduced the Decade of Gas Initiative (2021–2030) to transition the country from a crude oil-dependent economy to a gas-powered nation.
Focusing on strategic areas of domestic gas utilization, the NNPCL under Kyari expanded gas pipelines for local industries and power generation and promotion compressed natural gas (CNG) and liquefied petroleum gas (LPG) as cleaner, cheaper alternatives to petrol and diesel. Over $20 billion in new investments in Nigeria’s gas sector. Expansion of the Nigeria LNG (NLNG) Train 7 project, increasing LNG exports, and growing widespread adoption of autogas-powered vehicles to reduce fuel costs and emissions, are parts of the landmark achievements.Under his leadership, Nigeria is on track to become a self-sufficient energy giant, with less dependence on fuel imports and greater global competitiveness.
Mele Kyari’s tenure as GCEO of NNPCL has been marked by groundbreaking projects that are revitalizing Nigeria’s oil and gas industry. From the pipeline and depot rehabilitation project to the Port Harcourt Refinery upgrade, the AKK Gas Pipeline, and the Decade of Gas Initiative, his reforms are laying the foundation for a more efficient, sustainable, and prosperous energy sector.
With strategic planning, innovative financing, and bold policy reforms, NNPCL is not just rehabilitating infrastructure, it is reshaping Nigeria’s future. As these projects near completion, Nigeria’s energy sector is set to witness unprecedented growth, ensuring greater prosperity for all Nigerians.
Editor, Editorial Page PETER
ISHAKA
Email peter.ishaka@thisdaylive.com
All stakeholders must do more to tame the menace
Following reports of serious adverse reactions, the National Agency for Food and Drugs Administration and Control (NAFDAC) recently notified the public of the recall of one batch of Deekins Amoxycillin 500mg Capsule. But that is like scratching the surface in tackling a menace that is not only national but has also reached epidemic proportions. Today, many of the drug stores across the country are kept in business by large scale importation from Europe, India and China. And in a nation where prescription drugs can be purchased from over the counter (OTC) store, the current influx of fake and adulterated drugs comes as no surprise. What seems to have heightened the challenge is the closure of some multinational drug companies in Nigeria due to the operating environment.
No critical sector has perhaps been impacted by the astronomical hike in the prices of goods and services in the country like the health sector. The drug trade is lucrative and, like many things Nigerian, has become an all-comers affair. Besides, a combination of insecurity, multiple taxation, epileptic power supply, poor infrastructure, port congestion, foreign exchange scarcity, etc., have forced many of the multinational drug manufacturing companies operating in the country to close shop in recent months. Notably, GlaxoSmithKline Consumer Nigeria Plc, the country’s second-biggest drug producer, halted its operations in August last year. Sanofi, a French pharmaceutical multinational, also has exited Nigerian operations. The implications have been severe.
different types of bacterial infections, there is hardly any drug in the country today that has not been ‘duplicated’. We therefore call on the government and other stakeholders to rise to this new threat against the well-being of Nigerians.
Since the current direction of Nigeria’s external trade is mostly with countries where faking and adulteration have become established sub economies, there is need for a diplomatic reorientation that involves government at the highest level. The near absence of controls in those countries and at our end increases the challenge. Corruption at our ports of entry and in the regulatory agencies is a whole area of concern that has remained with us for so long. Rogue officials of NAFDAC, the National Drug Law Enforcement Agency (NDLEA), Nigeria Customs Service, etc., have developed a culture of complicity on nefarious trafficking in substandard products.
There must be a consistent effort to alert the people to the risks of fake drugs and reinforce the need for them to patronise the right health institutions
T
EDITOR SHAKA MOMODU
DEPUTY EDITOR WALE OLALEYE
MANAGING DIRECTOR ENIOLA BELLO
DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU
CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI
EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN
THE OMBUDSMAN KAYODE KOMOLAFE
EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA
From common illnesses like malaria fever and headache to chronic ones like high blood pressure, diabetes, kidney, and liver diseases, most medications are currently being priced beyond the reach of the average Nigerian. That has encouraged the influx of adulterated and counterfeit drugs that contain too much or too little of active ingredients. Although NAFDAC has been proactive in alerting Nigerians about many of the antibiotic medication used for the treatment of
GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU
DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE
DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI
SNR. ASSOCIATE DIRECTOR ERIC OJEH
ASSOCIATE DIRECTOR PATRICK EIMIUHI
CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI
DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO
TO SEND EMAIL: first name.surname@thisdaylive.com
Meanwhile, in drugs and medicaments, the general poverty among the populace makes cheap adulterated drugs more affordable while unscrupulous traders will import and sell what the market effectively demands. Unfortunately, the absence of a national policy on Medicare and Medicaid has driven most Nigerians into the underground medicine market of fake products. But many people are into the business of illegal sales and importation of counterfeit drugs evidently because sanctions are not being applied when the law is breached.
What the foregoing suggests is an urgent need to set up a water-tight regulatory framework in the drug administration environment. There must be a consistent effort to alert the people to the risks of fake drugs and reinforce the need for them to patronise the right health institutions. The Federal Competition and Consumer Protection Commission, (FCCPC), the government agency saddled with protecting the public from unreasonable risks and injury should also be alive to its responsibilities. Beyond that, we need a comprehensive plan to revamp the health sector in the country.
to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.
The Nigerian Legion Act provides, among others, catering to the general welfare of Nigerian veterans, and in order to properly discharge its mandate, it needs to raise the required funds to uphold the welfare of widows, orphans, and dependants of ex-servicemen and women who have selflessly served Nigeria.
Established since 1964, the Nigerian Legion has, through the Act establishing it, provides that federal government should fund it. Unfortunately nothing has been done, so funding is a huge challenge. There has been no take-off grant, so funding is required to be provided by way of annual budgetary provision so that there could be impact on the lives of military widows, orphans, retirees and dependants.
The Act establishing the Nigerian Legion has made it possible to establish legitimate businesses through which funds could be realised, this underscores the relevance of funding.
The Legion, in its effort at being independent, has the right to establish hotels, schools, hospitals, banks, as well as going into agriculture production.
It also plays a vital role in the lives of countless veterans and their
families, many of whom face difficulties that require urgent attention. The Legion has tirelessly advocated for inclusion in Nigeria's annual budgetary allocation to ensure predictable and sustainable funding for its programs.
It is in line with these objectives that the Nigerian Legion has just signed a Memorandum of Understanding (MoU) with Zircon Projects Ltd. aimed at establishing an Armed Forces Veterans Federation Fund (AFVFF) in order to boost its financial base.
The signing is a landmark moment that signifies the kick-starting of a process for the Legion to enhance its financial base.
By actively seeking financial support from international and local agencies, the AFVFF will serve as a critical mechanism to bridge the resource gaps that often hinder the Nigerian Legion's ability to deliver on its mission of care and service. Through this fund, the Legion aims to strengthen its capacity to provide essential support services, including healthcare, housing, education, and skills development for widows, orphans, and dependants of our fallen heroes.
Maj. Gen. Abdulmalik Jibril (rtd.), National Chairman of the Nigerian Legion
With the wave of a magic wand, or actually the scrawl of a sharpie on an executive order, a ‘concept of a plan' becomes an apparent reality as the Gulf of Mexico becomes the Gulf of America, soon to be confirmed by Google Maps.
What other Trump executive orders could be confirmed on Google Maps? The border line between the US and Canada could be removed in anticipation of a 51st state Executive order. Beware as some jokes aren't funny if they become reality.
The reality of international borders is far more complex and fluid as demonstrated by the numerous disputed South China Seas maps. Google Maps doesn't seem to show any of the possible territorial borders, possibly because it's too difficult or they don't want to annoy the numerous countries involved.
Will President Trump achieve his ‘first day' tasks by just getting Google Maps to redraw the Ukraine-Russia border and the Israeli-Palestine territories border?
Dennis Fitzgerald, Melbourne, Australia
Email: deji.elumoye@thisdaylive.com
08033025611 sms only
Kaduna state governor, Senator Uba Sani, recently signed the state’s 2025 appropriation bill into law. John shiklam highlights key areas of the budget
The 2025 budget of Kaduna state, titled “Sustaining Rural Transformation and Inclusive Development,” was recently signed into law by Governor Uba Sani after it was passed by the state House of Assembly.
The budget seeks to address the complexity of the rapidly changing global landscape while addressing domestic challenges.
The government plans to spend ₦790 billion with N553 billion earmarked for capital expenditure while N237 billion is for recurrent expenses.
The government hopes to raise the N790 billion from the monthly federal allocation, internally generated revenue, aids and grants, capital development funds and other sources.
The budget process was consultative as the state governor, Senator Uba Sani consulted widely with the people of the state to ensure that their aspirations are reflected and their concerns are addressed to ensure a solid foundation for long-term development.
Speaking during the presentation of the budget proposal to the state House of Assembly, the governor said inputs and feedback were received during engagements with stakeholders and civil society groups at town hall meetings which helped in shaping the framework of the budget.
The budget prioritises critical sectors such as education, health, infrastructural development, agriculture, social welfare and human capital development.
Sani said: “Given the current economic headwinds, it is imperative that we adopt a conservative but strategic approach to resource allocation.”
According to him, the capital allocation reflects his administration’s continued focus on infrastructure, with particular emphasis on rural roads, healthcare facilities, education infrastructure, and housing projects.
“We have deliberately focused on projects that will have a lasting impact on the economic
wellbeing of our citizens”, he said during the presentation of the budget proposal to the state legislature.
The education sector is allocated the “lion share” of the budget with N206.6
billion representing 26.14 per cent of the budget while the health sector is allocated N127 billion representing 16.07 per cent.
He explained that the huge allocation to the education sector would be spent on the construc-
tion of new schools, rehabilitation of existing ones, recruitment and capacity development of teachers, and the provision of learning materials.
Sani said his administration will continue to upgrade healthcare facilities, procure medical equipment, and expand mobile healthcare services and ensure that no community is left behind in access to quality healthcare.
Similarly, N106 billion (representing 13.41 per cent) is earmarked for infrastructural development, especially the completion of ongoing road construction, rural electrification, water supply and other critical public works across the state.
The agricultural sector received N74 billion which, according to Sani, will be invested in agricultural innovation, providing support for smallholder farmers, promoting agro-processing, and expanding irrigation projects.
Another important sector is security. Kaduna is among the states within the Northwest zone that have been devastated from insecurity occasioned by killings, raiding of communities and kidnapping for ransom by bandits, especially under the administration of ex-governor Nasir El-Rufai.
The security situation under Sani seems to have improved greatly, hence the allocation of N11.2 billion in the budget.
The governor pointed out that the allocation will enhance the capacity of state security agencies, purchasing equipment, and supporting community policing efforts.
The social sector got N9.8 billion to cover the expansion of social safety nets, including support for the elderly, women and children under the Ministry of Human Services and Social Development, as well as other social interventions programmes targeted at the poor and vulnerable.
Charles obichukwu chronicles the leadership achievements of Deputy Speaker of the House of Representatives, Rt Hon Benjamin Kalu especially in his home state, abia and South East geo-political zone.
It was as if the whispers of his ancestors had awakened something deep within him. From the rustic hills of Bende to the hallowed halls of Nigeria’s National Assembly, Rt. Hon. Benjamin Okezie Kalu’s journey has been one of purpose and conviction. With each step, he carried the weight of his people’s hopes and dreams, forging a path that would lead the Igbo nation to a brighter future. And as he walked, the footprints of his legacy began to take shape, telling the story of a leader who would stop at nothing to unite, to uplift, and to inspire. Building on this foundation of purpose and conviction, Kalu’s leadership has been marked by a series of notable achievements. His leadership style became pronounced when he was appointed Transition Chairman of Bende Local Government Council, and further demonstrated as he served in various advisory capacities, including Special Adviser to the Governor for Local Government and Chieftaincy Affairs in Abia State. This journey has taken him through various roles and responsibilities, including his election to the House of Representatives in 2019 and his continued service in subsequent election cycles.
As he continued to pave the way for a brighter future, Kalu’s contributions to the Igbo community have been significant and lasting. He has enriched the lives of many and established a legacy that will stand the test of time. His commitment to its cultural heritage and diversity has earned him recognition and respect. With his impeccable character, education, and achievements, Chief Kalu has made a profound impact on national development and innovation.
Today, those footprints have become a reflection of his unfaltering commitment to the Igbo nation, as evident in his numerous achievements. One
notable example of his commitment is the Peace in the South East Project (PISE), which promotes unity and sensitizes Nigerians to the benefits of a united corporate Nigeria.
As a dedicated statesman, Kalu continues to exhibit leadership qualities that inspire positive change.
Kalu embodies the Nigerian spirit as a champion of peace, democracy, and progress. Through his unwavering dedication and leadership, he has built bridges across the nation, fostering unity, trust, and confidence. His vision for a new Nigeria has inspired thousands, and his commitment to the All Progressives Congress has drawn in over 3,000 defectors in his home state.
As a servant-leader, Kalu has demonstrated exceptional political acumen, advocating for the rights of various groups and promoting the interests of Nd’Igbo. He has been a vocal advocate for the disabled community, pushing for increased budgetary allocations to support their needs. Kalu’s tireless efforts have earned him recognition as a champion of nation-building and a beacon of hope for a brighter Nigerian future.
His demonstration and strong consistency and passion have led to peaceful coexistence and a world free of violent extremisms, while his artful mediation has led to the evolution of an alternative conflict resolution strategy that has seen the use of non-kinetic measures in resolving the insecurity in the Southeast. This method has since become a standard practice and strategy adopted in various parts of the country and has recorded admirable successes.
-Obichukwu writes from Enugu.
In a world where corporate social responsibility is often reduced to mere rhetoric, Globacom continues to set itself apart through tangible actions that directly impact the lives of its customers. A recent example of its give back culture is the Festival of Joy promo, which is a shining example of this commitment—a nationwide initiative designed not only to reward loyalty but to transform lives in meaningful ways. From brand-new luxury SUVs to tricycles, power generators, and sewing machines, the promo has brought joy to countless Nigerians, reinforcing Glo’s reputation as a brand that prioritises its customers’ well-being. Chiemelie Ezeobi writes that beyond the prizes, the festival is a movement that underscores the power of gratitude and corporate generosity in Nigeria’s business landscape
It was a morning like no other at the Globacom office on Aminu Kano Way, Abuja. The sun shone brilliantly on two gleaming automobiles positioned prominently at the venue—the grand Toyota Prado, standing tall in its resplendent Glocoloured hue, and a more compact but equally impressive Kia Picanto. Both vehicles, fresh from the factory, were soon to be handed over to their new owners in a dazzling display of reward and appreciation.
The occasion was the Abuja leg of the ongoing Festival of Joy promo, an initiative by Globacom, one of Nigeria’s leading telecommunications companies, designed to reward loyal customers. Across different cities, including Lagos and Warri, similar ceremonies had already taken place, with winners receiving luxury Toyota Prados, tricycles, power generating sets, sewing machines, and grinding machines. Abuja was the next stop, and the atmosphere was charged with excitement.
However, what truly set this event apart was not just the valuable prizes, but the calibre of personalities who had gathered to witness and lend credibility to the proceedings. Distinguished guests included Senator Simon Lalong, the former governor of Plateau State and a serving senator; Senator Yemi Adaramodu, the spokesman of the Senate and Chairman of the Senate Committee on Youth and Community Engagements; and Honourable Joshua Audu Gana from the House of Representatives.
The Minister of State for the Federal Capital Territory (FCT), Dr Marriya Mahmoud, was represented by Maijidda Adamu Kuku, her Special Assistant and Coordinator of the Social Investment Programme, while Senator Ireti Kingibe, the senator representing the FCT, was represented by Dr Ada Ibekwe. Also in attendance were high-ranking officials from regulatory bodies, including the Corps Marshal of the Federal Road Safety Corps, Shehu Mohammed, representatives from the Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC).
Adding glitz to the event was an ensemble of A-list Nigerian celebrities, including popular actress Juliet Ibrahim, Ebube Nwagbo, social media influencer KieKie, and comedians Gordons, Seyi Law, and Tee A, who served as the anchor. Their presence added entertainment value to the event, further endearing the Glo brand to the audience.
For one woman, the day marked an unimaginable shift in her fortunes. Sarah Ilya Madu, a federal civil servant and native of Chibok in Borno State, had no inkling that her life was about to change when she started receiving persistent calls from an unfamiliar number. She dismissed the calls, assuming they were from pranksters or scammers.
“I dropped the calls several times, not knowing it was for a prize such as this. I thought someone was playing a fast one on me. This is too good to be true,” Sarah recounted with amazement.
It was only after her colleagues persuaded her to do a video call with the Globacom representatives that she began to reconsider. Even then, she remained sceptical. Convinced
that she might be walking into a trap, she insisted on bringing along a well-built colleague when she eventually visited the Glo office. When she was handed the keys to the brand-new Toyota Prado, reality finally set in.
“I will tell everyone—my family, my colleagues, my church members—about this. I am beyond grateful to Glo,” she said, beaming with excitement.
Another remarkable story from the event was that of 43-year-old Victor Ufot, a businessman based in the FCT. Unlike Sarah, Victor had no doubts about the authenticity of the promo. He had been diligently recharging his Glo line, ensuring he met the cumulative requirement to qualify for the Kia Picanto.
“I was always hopeful that I would win something because I kept recharging. Seeing this brand-new car before me now, I can say my dedication has paid off,” he said, his joy palpable.
Beyond the two car winners, dozens of others left the venue with life-enhancing prizes. Ireimiya Mallo, a native of Nasarawa State, won a tricycle, which he described as an empowering asset. “I will use it for commercial purposes to generate more income. Thank you, Glo,” he declared. Similarly, Abubakar Abdullahi, who works with an automobile firm in Abuja, won a power generating set and expressed deep gratitude
to Globacom for gifting him such a useful appliance. Emmanuel David, a media practitioner from Abia State, won a sewing machine and already had a plan in place. “This will be an exciting development for my wife. She will be thrilled,” he shared.
Seamless Process
For those hoping to be the next big winners, the process remains simple and accessible. Explaining the mechanics, Globacom’s Head of Division for North Central, Kazeem Kaka, detailed how subscribers could enter the Festival of Joy promo.
“Customers are required to recharge up to N100,000 cumulatively during the promo period to qualify for the draw for the Toyota Prado. A recharge of N50,000 qualifies one for the Kia Picanto, N10,000 in a month for a tricycle, and N5,000 in a month for a power generator. To win a sewing machine, a subscriber must recharge N2,500 within a month, while N1,000 in a week qualifies one for a grinding machine. New subscribers can join immediately by purchasing a new SIM, registering it, and dialling *611#,” he explained.
The initiative received resounding commendation from the dignitaries present. Senator Simon Lalong, a seasoned politician with vast experience in governance, applauded the Chairman of Globacom, Dr
Mike Adenuga, for spearheading the campaign and giving back to Nigerians in such a tangible way. His remarks took a light-hearted turn when he joked about wanting to win a Glo promo himself someday.
Senator Yemi Adaramodu echoed similar sentiments, praising Glo not only for attracting customers but also for consistently rewarding them through various promotions. In a humorous jab at the stereotype that people from Ijebu (Dr Adenuga’s ethnic background) are tight-fisted with money, he quipped that the billionaire businessman’s generosity had proven this notion wrong.
Mariam Imam, the representative of the National Lottery Regulatory Commission, underscored the transparency of the entire process. “We have monitored the draws from inception up to this moment, and we are pleased with the fairness of the process,” she affirmed.
Likewise, Moses Iyi, Assistant Director of Consumer Affairs at the NCC, commended Globacom’s compliance with industry regulations. “The NCC is committed to ensuring that Nigerian consumers get the best deals. We are satisfied with how Glo has handled this promo,” he noted.
Beyond the entertainment and excitement, the Festival of Joy promo reinforces Globacom’s commitment to empowering its customers. In a competitive telecommunications landscape, the company continues to stand out, not only by providing reliable services but also by directly rewarding subscribers for their loyalty.
For many of the winners, the event was not just about receiving prizes; it was about a transformative experience—one that would significantly impact their lives and livelihoods. Whether it was a car, a tricycle, or a sewing machine, each prize represented an opportunity, a step towards a better future.
As Abuja’s winners drove away with their new assets, they carried with them more than just material rewards; they bore testimonies of a brand that truly values and appreciates its customers. And with the Festival of Joy still ongoing, more life-changing calls are yet to be made. Will you be the next to pick up?
Emma Okonji
The Nigerian Communications Commission (NCC), in exercise of its powers under the Nigerian Communications Act 2003, has commenced the process of developing a framework on licensing Application to Person (A2P) services in Nigeria.
To this end, the NCC has come up with a draft A2P licensing framework for the Nigerian telecoms industry.
The move is however being resisted by some industry stakeholders who are of the view that there is no country where a regulator has proposed such a central platform in the international A2P SMS ecosystem.
Emma Okonji
AppsFlyer and Google have launched their 2024 report tagged:
“The State of App Marketing in sub-Saharan Africa,” analysing overall performance of finance apps in sub-Saharan Africa.
Drawing on a sample of 1.1 billion app downloads and 20,000 apps, the report reveals a growing trend in finance app installs, reflecting the region’s strides toward economic recovery following a general rise in inflation and macroeconomic instability.
According to data, while overall app installs continued to grow in 2024, finance apps stood out, highlighting 34 per cent increase in downloads between Q1 and Q3
The stakeholders therefore advised that the NCC should hold an extensive consultation with the industry to collectively address its concerns with respect to having greater visibility in the international A2P SMS segment in place of the proposed central hub/centralised SMS firewall and introduction of a third party.
The draft A2P licensing framework, which the NCC has developed, provides a regulatory framework for the management of Application-to-Person services.
The A2P messaging is a communication format in the telecommunications sector used to send Short Message Services (SMS) or for sending notifications from an application directly to a
2024, when compared to the same period in 2023. iOS emerged as the primary contributor to this trend, experiencing a twofold increase in finance app installs during Q1 2024, compared to the same quarter in 2023.
Highlighting the financial search trends in Nigeria and South Africa, the report said by leveraging Google Search trends, it uncovered key trends and purchasing interests within the financial services sector, one of the most-searched categories in sub-Saharan Africa.
In Nigeria, Google Searches point to an overall growth in financial services interest between January 2023 to August 2024, with naira, dollar, and ‘naira to dollar’ and ‘loans’ as the most searched terms, indicating
recipient’s mobile phone. The A2P is initiated through the internet, but the text messages are transmitted over mobile networks, reaching recipients via their cellular connection. This form of messaging is predominantly used by businesses and organisations to deliver bulk promotional or transactional messages, such as marketing campaigns, appointment reminders, announcements, product advertisements, and order status updates.
At a stakeholders’ meeting, where NCC presented the draft A2P licensing framework, industry stakeholders raised some concerns, which the NCC promised to look into.
Among the several concerns raised
a growing apprehension about the country’s currency devaluation.
Financial searches also reached a high level between February and April, in line with the naira falling to a record low in February.
On the other hand, finance related searches have remained relatively static in South Africa, with spikes in January and August, coinciding with seasonal peaks such as educational expenses, holiday financial expenses, and other cultural activities, the report said.
Projecting 2025 outlook for marketers, the report explained that while the finance sector faced a challenge in Q1 to Q3 2024, with Android installs dropping 27 per cent due to reduced app install ad spend, in-app purchase
by the stakeholders, they specifically noted that one of the reasons for the proposed regulatory oversights is to levy A2P SMS traffic appropriately. They however reminded the NCC that the industry was already overburdened with incidences of multiple taxation and levies payable to different tiers of government, and kicked against the introduction of any levy on international A2P SMS. According to the stakeholders, they will prefer a situation where market forces are allowed to determine the international A2P SMS tariff. They however said should the rates be standardized, the NCC should adopt benchmarking for the exercise, and the rates should be denominated in dollar, which according to them, is relatively stable and acceptable
internationally. Some of the stakeholders, who called for the review of the draft A2P licensing framework, said explicit language should be inserted as a subsection stating that: “Only licensed International SMS Aggregators shall be permitted to carry out international A2P aggregation services within Nigeria.” And that “Every local mobile network operator in Nigeria (MNO) may terminate only those international A2P SMS messages that have been received from a licensee, insisting that any violation of these provisions shall be subject to applicable fines. The stakeholders also recommended inserting some ethical obligations into the framework such as “the A2P Aggregator at
(IAP) revenue from finance apps is showing strong growth across the region, indicating a shift toward more consistent in-app spending.
According to the report, figures on IAP revenue from finance apps in sub-Saharan Africa have shown a boost in Q3 with a 46 [er cent increase compared to the same quarter in 2023. This also aligns with an overall growth trend of 28 per cent between Q1 - Q3 as a whole. In Nigeria specifically, iOS has seen a 51 per cent jump in IAP revenue from finance apps compared to Q1 - Q3 of the previous year.
“Marketers can look forward to continued growth in sub-Saharan Africa’s mobile landscape, fueled by rising installs and in-app
purchase revenue from finance apps. This momentum is further supported by a promising nine per cent increase in ad spend recorded in Q4 2024, compared to Q3,” the report further said.
Commenting on report findings, Managing Director, EMEA SANI, AppsFlyer, Netta Lev Sadeh, stated: “Our partnership with Google has allowed us to gain valuable insights into the dynamic financial services landscape. As one of the most exciting sectors in the region, the findings of this report underscore the crucial role of mobile phones and apps in continuing the advancement of financial inclusion, helping to bridge a critical gap across Sub-Saharan Africa. We are excited to see the steadily growing
all times acts in the interest of the Nigerian market not the international application providers like Meta and Google,” ensuring the Nigerian market is not oversubscribed. Giving the current state of the International A2P Messaging in Nigeria, the stakeholders however said: “International A2P traffic is currently collected by entities outside Nigeria. Payments are made in foreign currencies, which do not flow into the country nor are the companies taxed. There is no specific regulation on A2P SMS leading to a lack of visibility in the SMS market, potential formation of cartels and reduced competition.”
The story continues online on
trend in IAP revenue from finance apps, which signals promising and optimistic outlook for the region’s economic future.” Head of Advertising Products and Solutions - SSA for Google, Lorraine Landon, said: “The report from AppsFlyer is a must-read for brands and advertisers targeting the African market. The data clearly shows a huge opportunity to connect with consumers through mobile apps, with engagement growing significantly year-over-year. We are proud to once again partner with AppsFlyer on the report, which reflects our commitment to supporting businesses in this dynamic market and serves as a great starting point for unlocking success.”
Barnabas Eke
It seemed uncertain when in 2023, President Bola Tinubu hinted of his agenda of steering the nation towards attaining $1 trillion economic growth by 2030, given the devasted state of the economy he inherited in 2023. But not deterred by the state of the economy, the Executive, deploying its targeted fiscal policy initiatives in sync with the monetary policies of the Central Bank of Nigeria (CBN), has its eye set on the target. In fact, President Tinubu brought down the period of the attainment of the ambitious target while speaking at the 29th edition of the annual Economic Summit, when he reiterated; “Distinguished ladies and gentlemen, a $1 trillion economy is possible by the year 2026 and a $3 trillion economy is possible within this decade. We can do it.”
At the centre of measures towards the achievement of this target lies in the implementation of sound monetary policy measures of the Central Bank of Nigeria (CBN) through the Deposit Money Banks (DMBs), which deploy funding to productive ventures for sustainable economic development and growth. Along this line of thinking, President Tinubu directed the “creation of a new single-digit interest-rate Fund to provide N75 billion to support manufacturing enterprises, among other targeted financing interventions.While speaking late last year in Lagos, at a forum with the theme: “Nigeria’s Journey Towards a $1 trillion Economy: Impact of Banks’ Re-capitalisation, Opportunities for Fintechs and Real Sector,” Isa Omagu, the Divisional Head of Services, Bank of Industry (BoI), harped on the need for synergising the fiscal and monetary policies to enhance productive capacity of the country to shield it from being import dependent.Also, Mr. Bello Hassan, the Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), reiterated the indispensable role of banks in activating and sustaining productive capacities of every nation, and reasoned that recapitalising the nation’s banks is expedient to enhancing resilience, solvency and capacity of Nigerian banks to absorb shocks and continue to support the economic development of the country.
Against this background, most banks have stepped up their recapitalising drive to enable them deploy funding to productive and development initiatives aimed at attaining a $1 trillion economic growth by 2030. It would be recalled that the last banking recapitalisation was effected by the then CBN Governor, Prof. Chukwuma Soludo between 2004 -2005, raising capital base requirement of each bank from N2 billion to a minimum of N25 billion. The outcome of the implementation stimulated financial stability, economic growth and shielded the nation from the 2008-2009 worldwide economic recession.Since then, Nigerian banks have become more involved in the economy by lending to critical sectors on a more sustainable basis. On a good number of occasions, not a few Nigerian banks have gone to the capital market, on their own, to raise additional capital in support of their businesses. Years down the line, and buoyed by the manifest impact of the previous capital injection exercises on the financial health of the banks and subsequent economic growth, the CBN Governor, Olayemi Cardoso, in March 2024, rolled out a comprehensive two-year (April 1, 2024March 31, 2026) banking recapitalisation programme for Nigerian banks.Under the on-going initiative,
titled, “Review of minimum capital requirements for commercial, Merchant and Non-Interest Banks in Nigeria,” commercial banks with international coverage will require N500 billion, while commercial banks with national and regional coverage will require N200 billion and N50 billion respectively. Merchant banks will require N50 billion to play at national level whereas Non- Interest banks will require N20 billion for national coverage, and N10 billion for regional operations. One unique condition, attached to the capital raising, according to the CBN circular announcing the commencement of the programme, is that “ the minimum capital specified above shall comprise paid-up capital and share premium only, and shall not be based on shareholders’ fund” The apex bank, in the circular advised banks to opt for any of the following: “private placements, Rights Issue and or offer for subscription, Mergers and Acquisitions and or upgrade or downgrade of license authorisation.”
With the CBN’s mandate, many banks have begun the implementation of the funds- raising in phases with many of them completing the first tranche of their fund raising. They Many banks have submitted their proceeds to the regulators - CBN as well as to the Securities and Exchange Commission (SEC) for verification and approval. Already, five banks are cited to have raised a total of about N1.185trillion from equities market in the first phase. The banks include: GTCo (N209.41 billion), Access Holdings (N351 billion), Zenith Bank (N350.46 billion), Fidelity Bank (N127.1 billion), and FCMB Group (N147. 5 billion). (Note: these figures may change depending on what was approved by the regulators) According to close watchers of the recapitalisation exercise, the outcome, thus far, has been positive. It is expected that interest in the exercise will increase, exponentially, between now and the end of 2025 as the countdown to the April 2026 deadline approaches.
The quantum of investment that is being driven by the banks through the exercise can better be appreciated when considered against the number of banks that are participating. According to figures as at April, 26 2024, there are 36 commercial, Merchant and Non-Interest Banks with either international, national or regional authorisations; including Heritage Bank which was later liquidated by the CBN. A breakdown of the existing entities indicates that the nation currently have seven commercial banks with international authorisation, 14 commercial banks with national authorisation, four commercial banks with regional authorisation, four Non-Interest Banks with national authorisation and six Merchant banks with national authorisation. The number is expected to rise given that there are so many applications for banking licenses that are awaiting approval of the CBN. Although the appetite for foreign investment in Nigeria, in the last couple of years, has remained relatively low; due largely to unfavourable business climate, Nigerian banks have retained the market confidence, and is leading investments towards the attainment of the projected $1trillion economy by 2030. It is believed that the sustained interest of investors in the financial services industry, particularly, the banks, is not only a proof of confidence in the banks but also a strong indication of high prospects of return on investment (ROI) in the sector.
•
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.
An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
floor of the Nigerian Stock Exchange.
A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.
GUIDE TO DATA:
Date: All fund prices are quoted in Naira as at 28 January-2025, unless otherwise stated.
James Emejo in Abuja
The National Agricultural Development Fund (NADF) and the Niger State Government have signed a N5 billion co-financing agreement to boost agricultural activities in the state.
The partnership, described as a major milestone initiative, is a counterpart funding arrangement where party contributes N2.5 billion to fund a large-scale mixed cropping initiative for the primary production of rice and maize production across 4,000 hectares, and targeting 4,000 smallholder farmers across three local government areas in the state.
Under the agreement, NADF will provide technical advisory role and monitoring and evaluation of the project with Niger Foods Company
expected to provide off-take and market access responsibilities.
The Executive Secretary of NADF, Muhammed Abu Ibrahim, and the Executive Governor of Niger State, Umar Mohammed Bago, and the Managing Director of Niger State Foods Company and other key stakeholders attended at the landmark event. Ibrahim, highlighted the strategic importance of the partnership.
He said, “Today’s event remains very historic in our effort to boost agriculture through joint funding of large hectares of land to produce food and improve food security for the benefits of our people in line with our mandate. We are indeed excited to witness the first of agriculture financing agreements with Niger State and
the Niger Foods Limited”.
“This agreement is aimed at producing over 20,000 tons of food and impacting at least 40,000 lives while creating employment and wealth generation for smallholder farmers and other demography in line with the Renewed Hope agenda of our leader, President Bola Ahmed Tinubu”.
Bago on his part, emphasised the critical need for selfreliance in food production.
He said, “In line with the president’s food security initiative, it is imperative for us to achieve food sovereignty. We have abundant resources-rain, water bodies, and arable land - and must put them to productive use. This initiative, anchored by Niger Foods, represents a bold step in the right direction.”
Managing Director and CEO of Bank of Industry (BOI), Dr. Olasupo Olusi has commended the Management and staff of THISDAY Newspaper for giving the bank “Transaction of the Year Award” at the 30th Commemoration Awards organised by THISDAY with the theme:
“THISDAY @ 30 When the Going Gets Tough… the Tough Gets Rewarded,” to honour institutions and individuals for their resilience and courage in their various field of endeavours.
Receiving the award, Olusi
expressed his gratitude to THISDAY’s Publisher, Mr. Nduka Obaigbena, and the newspaper’s management for recognising the efforts of those driving development financing in Nigeria. The award coincides with BOI’s recent landmark syndication of €1.879 billion for lending to Micro and Small Scale Enterprises (MSMEs).
Olusi said the milestone fund raising by BOI in the African continent represented the largest ever
raised by an African Devvelopment Finance Institution, remarking that shows growing investor’s confidence in Nigeria and the Bank of Industry.
“We are very proud because we are positioned to support enterprise development in the country,” Olusi said.
Olusi highlighted that this milestone fundraising reflects growing investor confidence in Nigeria and the Bank of Industry.
“We are very proud because we are positioned to support enterprise development in the country,” he remarked.
Nume Ekeghe
Union Bank, has kicked off its Save and Win Palli Promo 4 campaign on a high note, following the announcement of its first set of winners in its inaugural monthly draws which rewarded 360 customers with N21 million.
The first live draw of this season, which took place at the Bank’s Head Office in Marina, Lagos, recently rewarded 60 customers with N100,000 each. Additionally, 300 other winners went home with N50,000 worth of gift vouchers during the inaugural live
draw, which was conducted transparently and digitally under the supervision of relevant regulatory bodies. The winners cut across the nation.
Speaking at the first monthly draw, Union Bank’s Area Business Executive for Lagos Island 1, Gloria Omereonye, stated, “Union Bank is always dedicated to rewarding customers for their loyalty and financial discipline. We are pleased that our promo has continued to achieve its noble goals of providing succour to our customers through our gifts and rewards, especially in
Sunday Ehigiator
In a bid to reward customer loyalty and promote a savings culture amongst Nigerians, LAPO Microfinance Bank Limited (LAPO MfB) has announced a N1.5 million forthcoming Raffle Draw for its highly successful LAPO Xpress Savings Promo Season III. The draw, set to take place on January 31, 2025, will reward loyal customers with exciting prizes, including a N1.5 million star prize and cash rewards of N50,000 each for 50 lucky winners.
In a statement signed by the Director of Marketing and
Corporate Communications at LAPO Microfinance Bank, Oluremi Olatunji Akande, to qualify for the draw, both existing and new account holders who saved a minimum of N20,000 monthly for three consecutive months or accumulate a total deposit of N60,000 in their LAPO Xpress Savings accounts during the promo period.
“This initiative underscores LAPO MfB’s commitment to fostering a sustainable savings culture and promoting financial stability for its customers, especially amidst prevailing economic challenges affecting household incomes and expenditures.
these economically trying times, while facilitating a sustainable savings culture for future goals and objectives.”
Save & Win Palli Promo is a nationwide campaign designed to reward both new and existing customers with cash prizes. Season 4, which began in December 2024 and runs until May 2025, offers customers the opportunity to win N131 million in cash prizes, Motorcycles, Tricycles, Fuel Vouchers, and a star prize of N5 million, which will be handed out to three lucky winners at the grand finale
“The LAPO Xpress Savings Promo has consistently driven customer engagement, boosted savings, and enhanced our brand visibility. With Season III, we aim to inspire more Nigerians to embrace a savings culture while utilizing our diverse digital banking solutions for a seamless experience,” Akande said.
He further emphasized that the initiative not only rewards customer loyalty but also aligns with LAPO MfB’s broader mission of promoting financial inclusion and helping millions of Nigerians across 34 states achieve financial security.
Kayode Tokede
Investors’ aggressive demand for Aradel Holdings Plc, and 25 other companies yesterday lifted the market capitalisation by N365billion as these companies released full year 2024 financial results on the Nigerian Exchange Limited (NGX).
As Aradel Holdings gained 10 per cent, the NGX All-Share Index rose by 590.55 basis points or 0.57 per cent to close at 104,549.74 basis points. While
the overall market capitalisation value gained N365 billion to close at N64.521 trillion.
As a result, the NGX ASI Year-to-Date return inched higher to +1.6per cent.
On sectors performance, the NGX Oil & Gas index added 3.3per cent, NGX Consumer Goods index advanced by 0.8per cent and NGX Banking index appreciated by 0.8per cent, while the NGX Insurance index dropped by 1.7per cent. The NGX Industrial Goods index
closed flat.
However, investor sentiment, as measured by market breadth, closed negative, as 26 stocks gained while 38 stocks lost.
Aradel Holdings recorded the highest price gain of 10 per cent to close at N594.00, per share. Chellaram followed with a gain of 9.98 per cent to close at N5.40, while Stanbic IBTC Holdings up by 9.92 per cent to close at N71.45, per share.
University Press appreciated by 9.64 per cent to close at N5.12,
while DAAR Communications up by 9.09 per cent to close at 84 kobo, per share. On the other hand, McNichols and Caverton Offshore Support Group led the losers’ chart by 10 per cent each to close at N1.44 and N2.07 respectively, while Thomas Wyatt Nigeria followed with a decline of 9.80 per cent to close at N1.84, per share.
Veritas Kapital Assurance down by 9.79 per cent to close at N1.29, while Consolidated Hallmark Holdings declined by
9.00 per cent to close at N2.73, per share.
The total volume traded dipped by 22.2 per cent to 421.618 million units, valued at N14.998 billion, and exchanged in 16,256 deals.
Transactions in the shares of Universal Insurance topped the activity chart with 33.619 million shares valued at N21.723 million.
Fidelity Bank followed with 31.905 million shares worth N621.756 million, while FCMB Group traded 23.128 million
shares valued at N269.526 million. Japaul Gold & Ventures traded 20.214 million shares valued at N43.399 million, while Veritas Kapital Assurance transacted 17.090 million shares worth N22.046 million.
On market performance, Afrinvest Limited said “we expect the market to maintain the positive momentum, underpinned by investors’ re-assessment of the valuation of major tickers as more full year 2024 earnings are rolled out.”
Edited by nseobonG okon-ekonG |
The countdown to the Olympic Games in Riyadh is on. For the first time, eSports will be featured alongside other traditional sporting events, writes iyke bede
The inclusion of eSports came about through a strategic partnership between the International Olympic Committee (IOC) and the Saudi National Olympic Committee to engage a younger audience by embracing digital sports.
Nigeria, a nation brimming with youthful energy and creativity, has a rare opportunity to cement its place on the global eSports map following remarkable milestones it has hit in terms of representation, infrastructure, and forging a strong gaming culture. With eSports now recognised by the Olympics, the stakes are higher than ever, but so too are the possibilities. For Nigeria, this is a moment to showcase its talent and readiness to compete with the best in the world.
However, while the passion for gaming is undeniable, systemic challenges persist. As the spotlight turns to Riyadh, we must ask ourselves: are we truly prepared to compete on this grand stage?
Nigeria’s eSports ecosystem has seen remarkable growth over the past decade. From grassroots tournaments hosted in gaming lounges to national competitions streamed online, the enthusiasm is palpable. The Nigeria eSports Federation (NESF) has been instrumental in organising events and forging partnerships, such as its collaboration with
MOONTON Games in 2024 to promote Mobile Legends: Bang Bang.
These efforts have helped lay the foundation, but the road to global recognition is steep. Unlike developed eSports nations, Nigeria’s ecosystem is still fragmented, with most players relying on personal passion rather than structured support.
While we’ve seen glimpses of promise—like Nigerian players excelling in FIFA and Call of Duty tournaments—consistency and infrastructure remain key obstacles.
Despite the passion and talent, several barriers stand in the way of Nigeria’s success on the international stage:
Gaming in Nigeria is still plagued by poor internet connectivity and irregular power supply. eSports, by its nature, demands high-speed, reliable internet for competitive online play. Yet, many gamers are forced to deal with lags and disruptions, a reality that immediately puts them
d avidson a braham writes that the convenience and anonymity provided by these platforms make it easier than ever for minors to engage in betting. Alarmingly, industry reports suggest that a significant proportion of underage individuals are using these platforms, bypassing age restrictions with fake IDs or by accessing family accounts
In the last decade, sports betting has undergone a seismic shift. Once confined to smoky betting shops or clandestine circles, it has now become a highly accessible, multi-billion-dollar industry thanks to the rise of online platforms, mobile apps, and aggressive marketing campaigns. However, alongside this growth lies a troubling reality: the increasing involvement of underage individuals in sports betting.
The global sports betting market has seen exponential growth, with digital technology breaking down barriers to entry. Apps and websites offer 24/7 access to a wide range of betting options, from traditional wagers on football games to in-play bets and fantasy sports. The convenience and anonymity provided by these platforms make it easier than ever for minors to engage in betting. Alarmingly, industry reports suggest that a significant proportion of underage individuals are using these platforms, bypassing age restrictions with fake IDs or accessing family accounts.
How marketing fuels tHe problem
One of the major factors contributing to the rise in underage betting is the aggressive marketing strategies employed by betting companies. Advertisements often glamorize sports betting, portraying it as an exciting, lucrative activity intertwined with the thrill of watching sports. Social media influencers, celebrities, and even athletes are roped in to promote betting platforms, inadvertently normalising the behaviour in the eyes and minds of impressionable young audiences.
Betting advertisements frequently target young viewers, leveraging flashy visuals, catchy slogans, and promises of quick rewards. While regulations exist to prevent the direct targeting of minors, the sheer volume of these advertisements during televised sporting events or on social media makes them almost impossible to avoid.
tHe role of tecHnology
Another factor exacerbating this issue is the widespread use of smartphones and the internet among younger generations. According to a study
by the Gambling Commission, teenagers are more likely to have placed bets online than adults. Betting platforms often feature user-friendly interfaces and gamified elements, blurring the lines between gaming and gambling.
Loot boxes in video games have also contributed to this phenomenon, introducing gambling-like mechanics to minors. For many, this serves as a gateway to more formal forms of betting, such as wagering on sports events.
tHe impact on young lives
Underage sports betting can have devastating consequences. Adolescents are particularly vulnerable to the allure of gambling due to their underdeveloped decision-making skills and heightened susceptibility to peer pressure. What starts as a seemingly harmless bet can quickly escalate into problem gambling, leading to financial distress, academic decline, and strained relationships. Moreover, studies have linked early exposure to gambling with an increased risk of developing gambling addiction later in life. The psychological toll can be immense, with young individuals grappling with feelings of guilt, anxiety, and depression.
wHat can be done?
Addressing this issue requires a multi-pronged approach. Governments and regulatory bodies must strengthen age-verification mechanisms and impose stricter penalties on operators that fail to comply. Parents and educators should actively engage in conversations about the risks of gambling, equipping children with the knowledge to make informed decisions. Furthermore, betting companies need to take greater responsibility by implementing more robust measures to prevent underage access, such as improved AI-driven identity checks. Social media platforms must also play their part in regulating gambling-related content and advertisements. last word
The rise of underage sports betting over the last decade is a concerning trend that demands immediate attention. With the combined efforts of regulators, industry players, and society at large, we can work to safeguard the next generation from the harmful effects of early exposure to gambling. It is not just a matter of policy but a moral imperative to protect young minds from a dangerous and potentially life-altering path.
at a disadvantage. Gaming hardware—whether consoles, PCs, or peripherals—remains prohibitively expensive for most Nigerians. Unlike countries where gaming is widely accessible, the high cost of entry here limits participation to a privileged few. Playing the devil’s advocate, an increasing number of privately owned outfits are working to bridge this gap but have yet to break even.
While private companies occasionally sponsor local tournaments, government support for eSports remains minimal. South Africa, for instance, has made strides in formalising its eSports sector, attracting global sponsors and creating structured leagues. Nigeria, by contrast, lags behind, relying on ad hoc events that lack long-term vision.
Professional gaming isn’t just about playing well but strategy, discipline, and teamwork. Countries like South Korea invest heavily in coaching and player development, creating an assembly line of world-class players. Nigeria lacks such structures, leaving talented players to figure it out on their own.
Globally, eSports has become a multibilliondollar industry, with countries like South Korea, the US, and China leading the charge. These nations treat eSports as both a business and a cultural force, investing in infrastructure, creating professional leagues, and integrating gaming into education systems.
Nigeria has unique opportunities to carve its niche. With one of the largest youth populations in the world, a burgeoning tech ecosystem, and a vibrant cultural scene, the ingredients for success are already here. What’s missing is the strategic direction to harness these assets.
To compete in Riyadh and beyond, Nigeria needs a comprehensive strategy to elevate eSports from a passion to a powerhouse. Infrastructural development is a key component. Encouraging public-private partnerships can help improve internet access and provide gaming equipment at subsidised rates while focusing on local tournaments and expanding them into talent identification programmes, ensuring that players from different backgrounds gain a shot at success.
Although outfits like 10N8E are proactively engaging with different higher institutions of learning to concretise functional gaming communities, government policies should encourage the integration of gaming into extracurricular offerings to create a feasible pipeline of skilled players and professionals. Beyond schooling communities, the Nigerian government must recognise eSports as a legitimate industry, nurturing it through incentives to investors and creating a distinct regulatory framework for growth. Riyadh is just one of many tournaments expected to emerge over the next decade, providing a platform to showcase Nigerian eSports stars on the global stage. However, the journey doesn’t end with mere representation or participation—it’s just one milestone on a long list still to be achieved.
The road ahead will undoubtedly be challenging, especially when competing against well-established eSports communities with clear goals for sustainability. Yet, with the right level of commitment from all stakeholders, the underdog could rise to victory, driven by hope, passion, and, most importantly, a strong support system.
L-R: Minister of State for Health & Social Welfare, Dr. Iziaq Adekunle Salako exchange pleasantries with Prof.
the courtesy visit to the Minister in his office in Abuja. ...recently
Emmanuel Addeh in Abuja
Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has urged Seplat Energy Producing Nigeria Unlimited (SEPNU) to accelerate its natural gas delivery efforts for domestic use and for export.
This is coming after the federal government's approval of a landmark
deal for Seplat to buy onshore crude oil assets valued at about $1.28 billion, belonging to Mobil Producing Nigeria Unlimited (MPNU).
The call was made during a meeting with SEPNU's senior management, led by its Managing Director, Mr. Dotun Isiaka, at the NNPC Towers office in Abuja, yesterday, according to a statement
Katung Raises the Alarm over Renewed Attacks on Southern Kaduna Communities
John Shiklam in Kaduna
The senator representing Kaduna South senatorial zone, Sunday Katung, has raised the alarm over renewed attacks, killings and kidnappings in some communities in the senatorial district.
In a statement in Kaduna, Katung expressed deep concern over the resurgence of bandits in Southern Kaduna.
He said the heinous activities of the criminals had brought immense pains, untold hardship and despair among the people.
"I am deeply worried by the renewed attacks, killings and kidnappings in some of our communities across Kaduna South Senatorial District by terrorists.
"This heinous criminality against our innocent people, especially in communities of Kauru, Kachia, Zangon Kataf, Kaura and Sanga Local Government Areas in Kaduna State has brought immense pains, untold hardship and shaken the well-being of our people.
"Only recently, these bandits reportedly abducted 22 locals, mostly Women and Children in separate attacks in the Kugauta community of Kusheka, Kumana Chiefdom, and Kitanda community of Geshere, Kumana Chiefdom in Kauru Local Government Area of Kaduna state."
Katung condemned the attacks, stressing that it was an affront on the peace loving people of Southern Kaduna.
by the minister's spokesman, Louis Ibah.
The meeting, he said, provided an opportunity for SEPNU's leadership to brief the minister on their progress since taking over operatorship of assets from ExxonMobil in December 2024, with a focus on the gas components of the divestment deal.
Ekpo commended Seplat's management for the successful takeover and expressed optimism about their potential to expedite Gas Sales Agreements (GSAs) negotiations and execution.
The agreements, according to the statement, are crucial for catalysing the gas industry and delivering
much-needed natural gas to the nation through priority projects.
The minister emphasised the importance of Seplat working harmoniously with its host communities to deliver value to all stakeholders and solidify its position as a leading independent indigenous energy company.
Furthermore, Ekpo urged the oil company to remain committed to its project timelines, stressing that adherence to these timelines was critical for the successful execution of its projects to deliver the desired positive results to the nation’s economy.
He noted that the company's
success would be instrumental in aligning with Nigeria's goal of leveraging its abundant gas resources to drive economic growth and development.
The gas minister lamented Nigeria's paradoxical situation as a major gas-endowed nation with alarmingly low natural gas utilisation, saying operators like Seplat should partner with the government to correct the trend.
Ekpo emphasised the government's commitment to promoting indigenous participation in the oil and gas sector, driving economic growth through sustainable energy development, and fostering a con-
ducive environment for investment. He expressed his willingness to collaborate with Seplat Energy to overcome legislative and regulatory hurdles, such that would enhance the company's ability to deliver natural gas to the country.
Seplat Energy's Managing Director, Isiaka, informed Ekpo that the company has engaged potential offtakers for natural gas from its assets.
Isiaka solicited the minister’s cooperation to overcome legislative and regulatory challenges, which would facilitate its operations and enable it to meet its targets for major gas projects.
David-Chyddy Eleke in Awka and Adibe Emenyonu in Benin City
MTN Foundation, the philanthropic arm of mobile network service provider, MTN has donated educational aides to 300 students of St Theresa Secondary School in Enugwu-Ukwu community in Njikoka Local Government Area of Anambra State. In another related development, the Foundation also presented learning support materials to St. Maria Goretti Girls Secondary School,
Benin City, Edo State, comprising school bags, exercise books, biros and pencils to students of the school. The materials donated in Anambra State included 10 exercise books and one school bag each for all 300 students of the school. The foundation also distributed umbrellas, routers and WiFi equipment to the school.
MTN's South East Senior Manager, Regional Operations, Mr. Emmanuel Osumah, who oversaw the distribution said the gesture was a way by the network provider to encourage young children.
Emma Okonji
The Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA), in collaboration with the Association of Licensed Telecoms Operators of Nigeria (ALTON), will commence enumeration of communication towers and masts across Lagos State, beginning February 1. A statement signed in Lagos by the General Manager/Chief Executive Officer of LASIMRA, Prince Oyekanmi Elegushi, explained that the enumeration exercise which would last for three months would enhance regulatory oversight, and
ensure the safety and well-being of all Lagos residents by identifying and addressing any potential structural or environmental concerns associated with masts and towers in the state.
“The primary objective is to update the agency’s database with accurate and comprehensive information on all communications, telecoms, radio, television, and security infrastructure within the state.
“We urge all stakeholders, including telecoms operators, broadcasting companies, banks, security companies, property owners and the general public to
cooperate fully with our team of enumerators during the exercise,” Elegushi said.
Another statement released by ALTON Chairman, Gbenga Adebayo, said the initiative would help to address public safety concerns raised by the Lagos State Government regarding abandoned communication towers and will deliver significant benefits to the telecoms industry and the broader public.
“The Lagos City Mast and Tower Enumeration Project aims to develop a comprehensive and up-to-date database of all communication towers in Lagos State.
While many towers are owned by non-telecommunication entitiessuch as broadcasting companies (television and radio stations), government agencies, emergency services (police, fire, military, and defense organisations), financial institution, private security firms, and others - there is often a public misconception that all towers belong to mobile network operators.
“The Lagos State Government has highlighted the need to address critical issues related to public safety, structural integrity, and the potential risks associated with abandoned towers.
Osumah said: "Today, we gather for an initiative that contributes to our mission of enhancing education.
"At MTN Nigeria Foundation, we believe that education is the cornerstone of growth and development, and every student deserves access to the resources necessary to unlock their full potential.
"We are happy to present the MTNF Learning Support Material Initiative (LSMI), a program designed to empower students with essential academic tools.
"Our commitment is to foster an enabling environment for learning and support access to quality education.
"To our students: these materials are more than just supplies to support your studies; they are stepping stones toward your aspirations.
"Their true impact depends on how you choose to use them.
Strive for excellence, and let your dedication, discipline and Focus shape your learning journey."
The principal of the school, Rev. Fr. Martin Ekee and the chairman of the village, Nnaeto Akpamgbo, praised MTN for the gesture.
Meanwhile, speaking at the presentation ceremony held in the premises of St. Maria Goretti Girls Secondary School, Benin City, Edo State, Senior Manager, Sales and Trade Development at MTN, Alabi Olaniyi, said the gesture was one the programmes designed by the company to empower students with
essential academic tools.
According to him, materials are more than just supplies to support the students in their studies, adding that their studies should remain stepping stones toward their aspirations. The impact of the study materials depends on how you choose to use them. Strive for excellence, and let your dedication, discipline and focus shape your learning journey", he advised.
Saying that today's gathering was MTN's initiative to contributes to its mission of enhancing education, Olaniyi emphasised that the mobile giant believes that education is the cornerstone of growth and development, adding that every student deserves access to the resources necessary to unlock their full potential.
He said: "We are happy to present the MTNF Learning Support Material Initiative (LSMI), a programme designed to empower students with essential academic tools. Our commitment is to foster an enabling environment for learning and support access to quality education.
"To our students: these materials are more than just supplies to support your studies; they are steppingstones toward your aspirations. Their true impact depends on how you choose to use them. Strive for excellence, and let your dedication, discipline and focus shape your learning journey.
L-R: Secretary General, National Youth Stakeholders Forum (NYSF), Olufowobi Olarewaju; Founder, NYSF/ President, Yoruba Council World Wide, Barr. Aare Oladotun Hassan; Acting National Chairman/President, NYSF, Amb. Dogo Shagafi and Deputy National Chairman, South East, NYSF, Barr. Chidiebere Neodo, during the official inauguration of the National Executive Council (NEC), member and unveiling of NYSF national secretariat in Abuja ... yesterday
Economic bloc leaves some membership benefits for the trio, including grants visa-free movement Tuggar says exit will have consequences for West Africa’s security, economy, integration
The exit of Burkina Faso, Mali, and Niger from the Economic Community of West African States (ECOWAS) officially takes effect today after the expiration of the mandatory one year notice.
Though the regional bloc had officially acknowledged the proposal by the trio to exit, it said it had not fully shut its doors to the three countries, but allowed them to continue to enjoy some membership benefits.
A statement by ECOWAS Commission read, “The withdrawal of Burkina Faso, the Republic of Mali and the Republic of Niger from ECOWAS
has become effective today, 29th January 2025.
“However, in the spirit of regional solidarity and in the interest of the people, as well as the decision of the ECOWAS Authority to keep ECOWAS’ doors open, all relevant authorities within and outside ECOWAS Member States are requested and required to:
“a) Recognise national passports and identity cards bearing ECOWAS logo held by the citizens of Burkina Faso, the Republic of Mali and the Republic of Niger, until further notice.
“b) Continue to treat goods and services coming from the three countries in accordance with the ECOWAS Trade Liberalisation Scheme (ETLS)
and investment policy.
“c) Allow citizens of the three affected countries to continue to enjoy the right of visa free movement, residence and establishment in accordance with the ECOWAS protocols until further notice.
“d) Provide full support and cooperation to ECOWAS officials from the three countries in the course of their assignments for the Community.”
ECOWAS Commission said, “These arrangements will be in place until the full determination of the modalities of our future engagement with the three countries by the ECOWAS Authority of Heads of State and Government.
“The Commission has set up a structure to facilitate discussions on
these modalities with each of the three countries. This message is necessary to avoid confusion and disruption in the lives and businesses of our people during this transition period.”
President of ECOWAS Commission, Dr. Omar Touray, while addressing the media at the ECOWAS Headquarters in Abuja, said the Authority of the Heads of State and Government will determine the bloc's modalities of engagement with Burkina Faso, Mali, and the Republic of Niger.
“The withdrawal of Burkina Faso, the Republic of Mali and the Republic of Niger from ECOWAS has become effective today, 29th January 2025,” Touray reiterated at the briefing.
The Oyo State Government has organised a one-day training workshop for directors on budget, research and statistics and SDG desk officers across the 33 local government areas and various Ministries, Departments and Agencies in the state on the preparation of the 2024 Conditional Grant Scheme CGS- SDGs.
The workshop themed: "Expected Official Roles and Responsibilities Towards Successful Implementation of 2024 CGS-SDGs in the state," was organised to aid the fast-tracking of the implementation of the Sustainable Development Goals in the state.
Speaking at the workshop held at the Local Government Service Commission Hall, Secretariat, Agodi, Ibadan, on Wednesday, the chairman, State Implementation Committee on SDG and Commissioner for Budget and Economic Planning, Professor Musibau Babatunde, said that the sustainable goals are expected to move the world into an inclusive sustainable development path, leaving no one behind in the process.
Professor Babatunde, who spoke through the Senior Special Assistant on SDG, Hon. Muftau Ogunremi, said the SDG goals align with Governor Makinde's vision and that he has worked assiduously to establish the policy, institutional and financial mechanisms needed to attain the SDGs in the state.
He assured the stakeholders of the agency's commitment to bringing developmental dividends
to the grassroots through the implementation of different projects and programmes in the state.
Earlier in his goodwill message, the Commissioner for Education, Science and Technology, Professor Salihu Adelabu, said his Ministry is prepared to release all records needed by the Ministry of Budget and Economic Planning, as goals four and seventeen of the SDG are related to education and they need effective and efficient planning and not just about accessing grants.
He noted that the Oyo State Government works with data, science and logic to drive the development of the state, adding that the Ministry of Education would provide the data needed through the Education Management Information System (EMIS) unit of the Ministry for easy access to educational grants.
He charged the participants at the workshop to make judicious use of the training to ensure that they use the data gathering to drive development into the state.
He said: “When we were invited for the SDGs, there were two goals that were pertinent to my Ministry, which are SDG 4 and 17. These are educationally-related sustainable development goals.
“And when we are talking of data gathering, it enables you to do effective and efficient planning. It is not about accessing grants alone. As we all know that this government works on data; the logic behind the data and the science of the data.
So, everything still revolves around data gathering.
“So, when they mentioned data, every data needed for SDG 4 and 17, my Ministry would be willing to oblige the Ministry of Budget and Economic Planning in order to move forward.
“The state is operating the Management Information Centre MIC, a unit under the office of the Governor of Oyo State, and we have our own Education Management Information System EMIS, implying
that we have data in abundance, but how do we make use of them?
“And the essence of coming to this workshop is that there should be a strong synergy between the Ministry of Budget and Economic Planning and Ministry of Education, Science and Technology, because I know that there are more than one million grants that we can access.
“If truly you are talking of data gathering with the aim of attracting grants, we are readily available as a Ministry. We only need synergy.
He said the next step would be the exit negotiations, which would involve ECOWAS and the three countries, adding that the regional bloc has initiated the procedure and positive responses have been received from the former members.
Touray added that passports and identity cards bearing the ECOWAS logo would remain valid for travel within the region for citizens from the three countries.
He stated, “These arrangements will be in place until the full determina- tion of the modalities of our future arrangements to the three countries by the ECOWAS Authority of Heads of State and Government.
“Article 91 of the revised Treaty of ECOWAS provides that when a member country intends to leave the community, they should give a one-year notice, and to give that one year, they have all the permission to withdraw their notification.
“The notification of the three countries that were communicated in January 2024 were not or have not been withdrawn.
“As a result, the authority acknowledged during its summit in December, on the 15th of December 2024, that the three countries will cease to be members of ECOWAS from today, the 29th of January 2025.
“On the 13th of January 2025, I visited all the three countries, to communicate the position of the authority with respect to their notification.”
Touray said the commission was prepared to commence the modalities for their exit from the bloc and future
David-Chyddy Eleke in Awka
About 1,000 lecturers of Nnamdi Azikiwe University, Awka, have protested non-payment of salaries after five years of employment.
The protesting lecturers said a total of 12 of their colleagues who were employed at the same period have died while waiting to be paid their emoluments.
Wielding placards with inscriptions to tell their stories, the lecturers appealed for payment of their salaries, saying that the current economic hardship in the country is even
more on them and their families.
One of the affected staff who works at the Center for Disabilities And Special Needs Research, Mr. Chukwuebuka Emmanuel, said since his employment in 2019, he has not received any remuneration, yet he has been delivering services.
Emmanuel, a blind staff lamented: "We were employed since 2019 and till date we have not received any salary and initially we were told that the problem is with the Integrated Payment and Personnel Information System IPPIS. Later the then Governing Council came on board
and approved our payments and capturing, yet nothing came out of it.
"This has been affecting us generally not to talk of persons with disabilities and it has not been easy as a family man taking care of his wife and children.
"If I remove my spectacle, you can see that I am crying and we are owing our landlords and there is a limit to which the landlord can assist you and what do I tell my children when they demand for school fees and other needs?
"We do not know those that are holding our salaries we do not know
engagements. According to him, “We, as I have said, are putting in place structures that will allow for discussions. Communication from two of the countries indicate their intention to sit and discuss with ECOWAS, and we look forward to those discussions.
“My office told me just while coming here that another response has come, but we are positive that all three countries will respond.”
He, however, stressed that the commission’s doors were still open for the countries’ return.
Minister of Foreign Affairs, Ambassador Yusuf Tuggar, warned that the withdrawal of Burkina Faso, Mali, and Niger from ECOWAS would have far-reaching consequences for regional security, economy, and integration efforts.
Tuggar, in a statement by his spokesman, AlKasim AbdulKadir, said the exit of the countries from ECOWAS was a complex issue that required careful consideration and diplomatic efforts to address the underlying concerns. He stressed that the decision to impose sanctions on the countries was a collective one made by the ECOWAS Heads of State and Government, stating that President Bola Tinubu had been working tirelessly to address the concerns of the three countries through diplomatic channels.
Tuggar said, “Several delegations have been sent to these countries, and the presidents of Togo and Sierra Leone have been appointed as mediators to facilitate dialogue.
if it is the federal government or the Ministry of Education or the university."
Another staff, Mr. Ibezim Echezona, cried that 12 of their members affected by the non-payment of salaries have died waiting for the money to be paid. According to Echezona, “Our members are dying and we have buried 12 members so far the last one was this year and this is someone that we saw last December and today she is no more and that is to tell you what we are going through due to non-payment of our salaries for five to six years now.
L-R: Special Adviser to Lagos State Governor on Environment, Engr Olakunle Rotimi-Akodu; Chairman, Ikoyi-Obalende LCDA, Hon Fuad Atanda-Lawal; APC Party Leader, Alhaja Abosede Williams; Vice Chairman, Ikoyi-Obalende LCDA, Hon. Akinbowale Macaulay; and APC Chieftain, Hon. Kunle Ooduah, during the ground breaking ceremony of Senator Oluremi Tinubu Primary Healthcare Center at Ijeh, Obalende, Lagos ... recently
We’re happy opposition in
Former Vice President Atiku Abubukar has reacted to the accusation of desperation by All Progressives Congress (APC), stating that the nomenclature best describes President Bola Tinubu.
Atiku said the actions of the ruling party were steadily eroding pluralism, an essential element of true democracy.
He explained that he had only voiced his profound concern regarding APC’s growing monopoly of power.
The PDP presidential candidate in the last general election urged the ruling party to stand before the mirror and gaze upon the true face of desperation, saying, ''It is a face that mirrors their own actions and ambitions.''
Atiku explained that he had accused the ruling party of undermining the autonomy of the opposition parties, casting a dark shadow over the future of Nigeria’s democratic integrity.
He said the occasion was supposed to be a moment of intellectual engagement, an opportunity for civil society to collaborate with political leaders in the pursuit of solutions to reinforce and elevate democracy in Nigeria.
In a statement by his media aide, Paul Ibeh, Atiku stated, “Rather than engage in a substantive dialogue to explore these critical issues, the APC, led by President Bola Tinubu, chose to descend into the depths of petty personal attacks against Atiku Abubakar.
“This was not a mere lapse in decorum, but a repeated symptom
Blessing Ibunge in Port Harcourt Rivers State Governor, Siminalayi Fubara, and his Bauchi State counterpart, Senator Bala Mohammed, yesterday, visited the Oyo State colleague, Seyi Makinde, over the demise of his Elder Brother, Sunday Makinde. In a statement by the Chief Press Secretary to the Rivers State Governor, Nelson Chukwudi, Fubara and Mohammed were on the trip on behalf of the PDP Governors' Forum.
Mohammed said they were in Oyo to condole with him and
of a party gripped by paranoia and struggling under the weight of its own tarnished credibility.
''If there is any political figure in Nigeria who truly embodies the essence of desperation, it is none other than President Tinubu himself. Through his unchecked actions, he continues to blur the line between state power and personal ambition, magnifying his control over both the nation and its institutions.”
The statement said, ''The fact that the APC has become a mere extension of Tinubu’s will is a matter of little consequence. What truly alarms political observers — both inside and outside the APC — is the president’s calculated and insidious strategies to systematically cripple any form of social or political opposition.
“These actions, which Atiku rightfully warns against, are a direct threat to the future of Nigeria’s democracy.
''It is an irony most bitter that a man who once rose to prominence on the back of civil activism and the call for democratic renewal has now found himself in opposition to the very ideals that birthed his political career. This shift from proponent to adversary of multi-party democracy is both tragic and dangerous.”
The statement added, ''Atiku’s prophetic warnings have already begun to manifest. He was among the first to call attention to President Tinubu’s plans to populate the Independent National Electoral Commission (INEC) with members of his own political party, the APC. Today, the nation bears witness to this very scheme unfolding before
our eyes.''
But National Secretary of APC, Senator Ajibola Basiru, said the ruling party was happy that the opposition parties in the country were getting weakened. Basiru said what this meant was that APC would be the only party of choice for whoever aspired for leadership.
Labour Party (LP) and PDP have been engulfed by internal crisis, which is threatening to tear both parties apart.
On Tuesday, former governor of Kaduna State, Mallam Nasir el-Rufai, alleged that the ruling
party planted mercenaries in the opposition parties to ignite intractable crisis within them.
Featuring on TVC, Basiru wondered why the ruling party should be blamed for a self-induced crisis in the opposition parties.
He said, regarding el-Rufai, “As a leader of APC, should he (el-Rufai) not be happy that the opposition to his political party are not getting themselves right.
“This is a competition… I am an Arsenal fan, if Manchester United and Manchester City are not doing well, should I not be happy? Should I be the one
to tell them to get good players? Should I be able to tell them to get good coaches or to develop better tactical capabilities?
“As a political party, our concern is to win elections for people who fly the flag of our party. So as far as the other political parties are concerned, if they like, let them get their acts right, how has it affected our party?”
Basiru queried “Is it the APC that asked some people to sit in the sitting room of a governor to purportedly remove the national chairman of the Labour Party, Aburi? Is it the APC that went
to court?
“And is it the APC that is the Court of Appeal that reinstated Aburi as the chairman of the Labor Party? Is it APC that is trying to create a division within the rank and file of the BoT of the PDP?
“If you have political parties that are not doing well it is not our job to help them put their house in order. Speaking frankly, we should be very happy that they are getting weakened, and that means that our party will be the only party of choice for anybody that aspires for leadership and progressive leadership in Nigeria.”
Donates N174m to victims, relations CD wants decisive action against owners
Laleye Dipo in Minna
Some principal stakeholders in Niger State, yesterday, visited Sabonpegi site of Mondays dynamite explosion.
They included the Niger State Governor, Mohammed Umaru Bago; former Governor and Senator representing Niger North, Alhaji Abubakar Sani Bello; the Minister of Information, Alhaji Mohammed Idris; and the Speaker, Niger State House of Assembly, Alhaji Abdulmalik Sarkin-Daji, among others, In the explosion, no fewer than five lives were lost, while several houses and vehicles were also
destroyed.
During the visit, Bago donated N174m to the victims of the accident on behalf of the state government.
Bago said N5m each should be given to those whose houses were totally destroyed, N2m to those whose houses were partially damaged, N1m to the injured, N2m to the families of the deceased and N1m each to those whose vehicles were affected.
He said the donation was to provide succour to the victims, adding that a committee would be set up to ensure the judicious distribution of the money.
A statement by the governor's Chief Press Secretary, Bologi
his family over the loss of Sunday Makinde. Mohammed, who described the demise of Sunday Makinde as a huge devastation to the family, urged the Oyo governor to take consolation in the fact that all mortals would one day return to God.
He noted that his Elder Brother while on earth, contributed his quota to the growth and development of the country and left indelible footprints in the sands of time.
"Your Excellency, we are here on behalf of the PDP Governors' Forum to commiserate with you,
to condole you over the loss of your elder Brother, Engr Sunday Makinde. We saw the news in the media, and we spoke on the phone, but in our tradition in Africa, we have to come to show you solidarity.
"We know the devastation is huge. We know you to be a strong character, strong person, you will bear all these losses. As a man of God, you know we are all here temporarily. We will all go back to our Creator. That is why we are consoled that your brother gave us a good name and for the country before he retired meritoriously.
“So, you should be consoled that
this man came and conquered and contributed positively to the growth and development of Nigeria."
Makinde, while responding, noted how painful the death of his elder brother was to the family at the age of 65 after retirement, as he was expected to settle down and enjoy life.
He described the demise as sudden, as according to him, his brother fell from the bathroom, but could not be revived by doctors. He, however, said they could not question God, but accepted the fact that He was the giver and receiver of life.
Ibrahim, quoted the governor as saying they had huge deposits of gold and lithium and was therefore characterised by artisanal mining.
Bago directed the people to surrender their explosives and other dangerous weapons to the committee made up of security agencies, Niger State Emergency Management Agency (NSEMA), National Emergency Management Agency (NEMA), Traditional Institutions and other relevant stakeholders for safe storage instead of keeping them in their houses.
The governor sympathised with the victims of the incident but called on them "to embrace responsible mining policy for their safety."
In his remarks, the Minister of Information and National Orientation Agency, Alhaji Mohammed Idris, said the president "is deeply saddened by the incident" before describing the accident "as a man made tragedy which should not cannot be allowed to continue."
He said the president had instructed that an advocacy and enlightenment campaign should be stepped up by the National Orientation Agency, particularly for those involved in illegal mining activities to avert recurrence
In addition, he said President Bola Ahmed Tinubu had directed the Ministry of Humanitarian Affairs, NEMA and other relevant MDAs of the federal government saddled with responsibilities of intervention
to complement the efforts of the State government in ameliorating the sufferings of the people.
In another development, the Campaign for Democracy in Niger State has asked governments to take more decisive actions against owners of affected vehicles. Rising from a meeting in Minna, the organisation said owners of overturned tankers should be held responsible for the colossal losses in lives and property the country was now witnessing.
A communique issued at the end of the meeting was however silent on the decisive actions to be taken against the tanker owners but pleaded with the federal and state governments to fix the roads, which it said was partly responsible for the accidents.
In the five point communique by State Chairman, Comrade Abdullahi Mohammed Jabi and Secretary, Comrade Abdulwahid Adeshina, it also asked the federal government "to invest massively on roads rehabilitation and reconstruction of damaged road network across the country.
"Security agencies, vehicle enforcement agencies, industrial safety agencies, vehicle inspection officers and similar sister organisations should commence frequent training and retraining of articulated vehicle drivers and other road users to avoid loss of human lives and economic valuables."
segun awofadeji inBauchi
Former Speaker of the House of Representatives, Hon. Yakubu Dogara, has been described as a relevance seeker in the political scene of the country having lost every dignity and respect following his recent controversial decisions.
The assertion was contained in a rejoinder by a political pressure group known as Bogoro/ Tafawa Balewa Youths Vanguard to a letter titled Gov Bala -vs-HE Wike: Let the Truth be told written by Rt. Hon Yakubu Dogara, Speaker of the 8th National Assembly, and former Member who represented Bogoro/Dass/Tafawa Balewa, Federal Constituency, signed and issued by Comrade Habila Daniel JP Dodo, chairman of the organisation.
The group described the former Speaker of the House of Representatives as a politician who is desperately seeking relevance and recognition from the federal government of Nigeria led by President Bola Ahmed Tinubu of All Progressives Congress (APC).
“He wants to reach President
Tinubu through using the channel of Nyesom Wike.” “I will like to draw the attention of the Hon. Minister of FCT to the fact that Dogara knows the best way for him to get to the President, it is through him, therefore an opportunity has come and he has become the spokesman painting Governor Bala Black,” Dodo, the chairman of the group stressed.
He added:”Nemesis is catching up with Dogara. He needs to seek the face of God Almighty for insulting the Man of God - President of COCIN.”
The chairman noted that the attack by the former Speaker was unnecessary and uncalled for because according to him, “unfortunately Dogara has lost his grip of political conscience and relevance.”
He said: “It is with pertinent that I wish to join issues with Hon. Dogara at a point like this, considering the fact that he is seeking for relevance by all means. Posterity will always judge and catch up with an egotistical, selfish and narcissistic individual who at all material time,
seriki adinoyi in jos
Plateau State Governor, Caleb Mutfwang, may be set to rejig his cabinet having sacked and immediately approved nomination for replacement of the five sacked commissioners.
In a statement, the Secretary to the State Government (SSG), Samuel Jatau, disclosed that the governor has approved the disengagement of the following commissioners, Budget and Economic Planning, Mr. Chrysanthus Dawam; Science and Technology, Mr. Obed
Goselle; Tourism, Culture and Hospitality, Jamila Tukur; Youths and Sports Development, Noel Nkup; and Commerce and Industry, Sule Musa Jatau added that the governor has consequently approved the nomination of the following persons for their replacementJoyce Ramnap, Sunday Alex, Slyvanus Dongtoe, Nicolas Bamnong, and Cornelius Doeyok. The statement further extended the governor’s appreciation and best wishes to the disengaged commissioners in their future endeavours.
knows and cherish only himself and his ego.”
Habila Daniel Dodo added:”I wish to put the records straight with the following reasons: If we are talking of a person full of
himself, it is Hon. Dogara who sees himself as Mr. Perfect, always taking advantage of the privilege given to him by his constituents for his personal gain at the detriment of the electorate.”
“My position above can be seen in the way and manner Dogara changed from one political party to another just because of a small issue that true men can stand and resolve.”
“Let me take you out for a walk through his fight with virtually all the past and present Governor(s) of Bauchi State whom he served from the time we first gave him our mandate to represent us till date.”
Two persons have so far been confirmed dead, while five were injured, and several persons still trapped after a two-storey building collapsed in the Ikota area of Ajah, Lagos State.
The incident occurred overnight at Mega Mall Estate,
Mobile Road, Inikpa Villa, and Ikota.
The National Emergency Management Agency (NEMA) confirmed the collapse, with the Lagos Office Coordinator, Ibrahim Farinloye, stating that the cause remained unknown.
Farinloye added that the two bodies recovered so far were
that of an adult and a teenager, adding that rescue operation was still on at the site.
He said the rescued individuals, all men, sustained serious injuries and have been moved to the hospital.
“Investigation would be conducted to determine the cause of collapse.”
Meanwhile, videos circulating on social media show emergency teams trying to rescue trapped persons from the collapsed building.
According to him, “Information indicates that more people are likely trapped in the rubble. The search and rescue operation is ongoing.
Michael Olugbode in abuja
The United States (US) Secretary of State, Marco Rubio, has approved an “Emergency Humanitarian Waiver”, which will allow people to continue accessing HIV treatment funded by the US across 55 countries worldwide.
More than 20 million people living with HIV, representing two-thirds of all people living with HIV receiving treatment globally, are directly supported by the US
President’s Emergency Plan for AIDS Relief (PEPFAR) - the world’s leading HIV initiative.
A statement yesterday quoted UNAIDS Executive Director, Winnie Byanyima to have said: “UNAIDS welcomes this waiver from the US government which ensures that millions of people living with HIV can continue to receive life-saving HIV medication during the assessment of US foreign development assistance,” adding that: “This urgent decision
recognizes PEPFAR’s critical role in the AIDS response and restores hope to people living with HIV.”
In recent days, the US Department of State announced an immediate 90-day funding pause for all foreign assistance, including for funding and services supported by PEPFAR. The executive order announcing a “90-day pause in United States foreign development assistance for assessment of programmatic
efficiencies and consistency with United States foreign policy” was one of the first major foreign policy decisions of the new administration.
With this new waiver approval is given for the continuation or resumption of “life-saving humanitarian assistance” which applies to core life-saving medicine and medical services, including HIV treatment, as well as to supplies necessary to deliver such assistance.
Blessing ibunge in Port harcourt
An international body under the aegis of United Dance Organisation (UDO), United Kingdom, has unveiled a dance talent competition in Port Harcourt, Rivers State.
The programme tagged: ‘Dance Nigeria’, is targeted at youths with dancing skills across the six geopolitical zones of the country.
Speaking with journalists in Port Harcourt, the Chief Executive Officer of Amexx Logistics Services
yinka Kolawole inOsogbo
The Osun State Executive Council has approved the appointment of Prince Timileyin Oluyemi Ajayi, a United Kingdom-based information technology (IT) engineer as the Olojudo of Ido Ajegunle in Obokun Local Government Area of Osun State. The new king, who studied Office and Information Management at Lead City University Ibadan, Nigeria before his sojourn abroad, is an entrepreneur and business owner who invested in the hospitality and the agricultural industry.
Other approved new kings are Prince Emmanuel Adesokan Ayoola as the Oluwaro of Iwaro in Ife North Local Government Area and Prince Kazeem Deji Ogungbe as Oniwata of Iwata in Irewole Local Government.
The Council further approved the elevation of Baale Owajigbo of Ejigbo-Orangun; Baale Owamagbon of Ila, Baale Owafaye of Obalogbo-Ila (Ila Traditional Council); Baale Osi Okero-Ife, Baale Mayowa Ifegunle-Ife; Olu of Apatalami-Ife; Baale Ayede Temidire Town; Baale Akingbade of Ayetutu Ipoye-Ife (Ife Traditional Council).
Other elevations include: the Looyin of Olodo Okebode-Ijesa; Ologbese of Ogbese (Atakunmosa West); Alaye Daramola-Ijesa (Atakunmosa East); Baale of Ajitena (Ejigbo Traditional Council) and Olaota of Osunwoyin (Ayedire Local Government) to Part II (Recognized) Status of The Chief’s Law, Cap.25, Laws of The Osun State, 2002.
The Council presided over by Governor Ademola Adeleke also approved the White Paper on the Report of a Judicial Panel of Inquiry into the Aragbiji of Iragbiji Chieftaincy Declaration.
alex Enumah inabuja
Justice Musa Liman of the Federal High Court, Abuja, yesterday, adjourned till Thursday(today) to decide if he will grant bail to former presidential candidate and activist, Omoyele Sowore.
The judge made the adjournment after taking arguments from lawyers representing parties in the suit.
Sowore was arraigned yesterday by the Police on a 17-count charge bordering on cybercrime.
He pleaded not guilty to the charge, following which his counsel, Marshall Abubakar, moved for his release on bail to enable him prepare adequately for the trial.
Abubakar in arguing the motion urged the court to release Sowore on bail in the most liberal terms possible pending the hearing and determination of the trial.
Responding, prosecution counsel, Udey Jonathan, opposed the application and urged the court to deny Sowore bail.
He argued that although bail is at the court’s discretion, it is not a state of grace, adding that if the court decides to grant bail, it should impose stringent conditions that will guarantee that the defendant attend his trial.
Sowore in the charge, is accused of using his verified X (former Tweeter) handle account, ‘Omoyele Sowore,’ to post a statement against the Inspector General of Police, calling him “illegal IGP Kayode Egbetokun.”
Following persistent outcry by residents of Isoko North Local Government Area(LGA) of Delta State against arbitrary increase of prices of food stuffs, apartment rental, motorbike charges and other items by unions, the Executive Chairman of the LGA, Hon Godwin Ogorugba, has announced a ban on market unions. The ban was announced during a meeting with traders from Ozoro at the Isoko North Council Chamber yesterday.
Hon. Ogorugba expressed concern over the increasing cost of goods and rents, stressing that he would not stand by and watch certain individuals make life difficult for the people of Isoko North.
According to Ogorugba, “We will be sending an executive bill to the legislative arms that will block every exploitation of traders. The practice of demanding payment to a union before allowing a business to operate must end. This will bring about free trading.”
The chairman further explained that the council’s decision to revoke the lock-up shops in the market is part of an effort to eliminate third-party interference. He clarified that the goal is to hand over these shops directly to the traders, ensuring that those with no legitimate business in the market can no longer take advantage of their connections to secure spaces and lease them, sometimes their children even claiming them as inheritance of supposed government property.
Limited, sole representatives of UDO United Kingdom, Andrew Azuka, stated that the competition would commence on February 22. He pointed out that the various winners at the zones would go ahead to compete at Lagos State in August this year for an overall winner who will represent Nigeria/ West Africa at the international stage.
Azuka also disclosed that prizes for winners at the zonal
level are N2million, N1.5million and N1million for the first runnerup, second runner-up and third runner up, respectively, while the overall winner will go home with N5million.
Azuka said: “United Dance Organisation (UDO) is one of the biggest organisers of dance world championships, with over 47 country partners and millions of viewers across the globe.”
“Under this unique partnership,
we are organising the biggest dance championship in sub-Sahara Africa. This event is dedicated to youths, especially the dancers to help them develop their arts and craft, showcase their talent potentials to the general public and compete favourably with their counterparts across the globe and eventually become global czars and celebrities.”The competition is almost free, we are only charging N2,500 for administrative fee.”
Duro Ikhazuagbe
Super Eagles forward, Victor Boniface’s expected move to Saudi Arabia’s Al Nassr in a record transfer by a Nigerian player, has been put on hold following a twist introduced into the transfer talks by the Arabians.
Until yesterday, everything appears smooth for the Nigerian to switch Bayer Leverkusen to the Saudi Pro League side, as both clubs had reportedly reached an agreement on a substantial transfer fee of €60 million.
It was also revealed that Boniface had done medicals and agreed personal terms believed to be in the region of €15 million a year.
The 24-year-old forward was waiting to say goodbye to the management of the German Bundesliga side and friends at the club when Al Nassr officials cooled the talks.
Reports from England suggested that Al Nassr were in another ongoing negotiations with Aston Villa Colombian striker, Jhon Duran.
It was also reported that the 21-year-old Colombian forward had also agreed personal terms with Al Nassr while his representatives were optimistic about completing the move soon.
Aston Villa are also believed to have received a mouthwatering €70
Femi Solaja
Visiting Abia Warriors yesterday threw away a two-goal lead midway first half but it was the home team, Remo Stars of Ikenne, that had the last laugh with a 3-2 win in one of the Match-day
NPFL
Bayelsa Utd 4-1 Sunshine
El Kanemi 2-1 Rangers
Akwa Utd 1-1 Lobi Stars
Ikorodu City 4-1 K’Pillars
Remo Stars 3-2 Abia War
Shooting 2-0 Nasarawa UCL
Aston Villa 4-2 Celtic
Barcelona 2-2 Atalanta
Leverkusen 2-0 S’Prague
B’Munich 3-1 Sl’Bratislava
Brest 0-3 Real Madrid
D’Zagreb 2-1 AC Milan
Dortmund 3-1 Shakhtar
Girona 1-2 Arsenal
Inter 3-0 Monaco
Juventus 0-2 Benfica
Lille 6-1 Feyenoord
Man City 3-1 C’Brugge
PSV 3-2 Liverpool
Salzburg 1-4 Atletico
Sporting 1-1 Bologna
Sturm Graz 1-0 Leipzig
Stuttgart 1-4 PSG
Y’ Boys 0-1 C’Zvezda TODAY
Europa League
Ajax v Galatasaray
Anderlecht v Hoffenheim
AS Roma v Frankfurt
Bilbao v Plzen
Braga v Lazio
Dy’Kyiv v RFS
FCSB v Man Utd
Ferencvaros v Alkmaar
Lyon v Ludogorets
Maccabi Tel v FC Porto
Midtjylland v Fenerbahce
Nice v Bodo/Glimt
Olympiacos v Qarabag
Rangers v Royale Union
Sociedad v PAOK
Sl’Prague v Malmo
Tottenham v Elfsborg
Twente v Besiktas
21 midweek games of the Nigeria Premier Football League (NPFL).
After a doggy exchange of play from both sides, the visitors found themselves in front when Ezekiel Ayodele scored from a corner kick rebound in the 25h minute.
The ovation that greeted that surprise goal hardly died down when Ijeoma DeSouza doubled the lead a minute later and were unfortunate not to have scored another few minutes later but for the timely clearance from captain Nduka Junior that saved the day for Remo.
However, respite came the way of Remo Stars in the 38th minute when Olamilekan Adedayo scored from outside the goal area to peg the scoreline for the home team.
Jabbar Malik who came off the bench scored the equaliser from a rebound to leave the scoreline at 2-2 before the half time break.
However, on resumption from the break, Tochukwu Michael nodded in the winner in the 53rd minute for Remo Stars to pick all three points.
The team now lead the table with 42 points and a superior goals
difference of +13.
In Lagos, Ikorodu City made a mess of visiting Kano Pillars with a 4-1 win. It was Shola Adelani who opened the score in the third minute and that was his third consecutive goal in two matches.
Austin Uzondu doubled the lead in the 20th minute but Pillars pegged the score with a goal in the 37th minute by Abba Adam. Veteran midfielder, Rabiu Ali, scored an own goal off a corner kick in the 54th minute and Ayomide Cole put the match beyond Pillars in the 73rd minute.
Nigeria's campaign at the 2025 ICC U-19 Women's T20 World Cup came to a flourishing end on Wednesday, as the Yellow-Greens beat another test-playing nation, Ireland, by six runs in Bangi, Malaysia.
The win in the last Super Six came as a result of team effort but Lilian Ude was the most prolific with an impressive figure of three wickets for 11 with the ball to stem Ireland’s chase of Nigeria's 95 runs.
Christabel Chukwuonye also led a steady innings with the bat forUdeNigeria. also contributed 12 runs with the bat at the death alongside 17 runs each from Peculiar Agboya and Omosigho Eguakun, and that proved crucial in taking the game away from Ireland.
Opener Rebecca Lowe led the response with 21 for Ireland, but the steady fall of wickets ultimately proved key in earning victory for Nigeria in Bangi. It was Nigeria’s second victory of the tournament, after they also beat New Zealand by two runs at their first-ever ICC U19 Women’s T20 World Cup, to seal third place in Super Six Group 2.
The win against Ireland was enough for a top six finish and also cement a place at the next edition
of the tournament for Nigeria. "It was a much needed win, we needed to make a statement and finish strong. Bad weather didn't allow us to fight out and
get into the semis but all in all, we take all the positives. First time at the World Cup is no joke," Head Coach Sarah Bakhita said after the game.
Ondo Claims Mixed Doubles Title as Okoya-Thomas Cup Hit knockout
Ondo State triumphed in the Mixed Doubles event at the 56th Molade Okoya-Thomas National Table Tennis Championships, held at the Molade Okoya-Thomas Hall in Teslim Balogun Stadium.
The duo of Joshua Oladiran and Kehinde Adeyinka secured the title by defeating Edo’s Amadi Omeh and Anu Ajuwon in a thrilling 3-2 match (12-14, 11-7, 11-9, 9-11, 13-11).
After three days of intense preliminary rounds in the Men and Women’s Singles, the knockout stage is set to begin today, January 30.
The para events have also been highly competitive, with Paralympians dominating their categories.
In the women's para category, Commonwealth Games medallist Faith Obiora was unexpectedly knocked out by Kwara’s Taiye Oyinloye. Oyinloye advanced to
the final but was defeated by another Commonwealth Games medallist, Kate Oputa of Delta, who won 3-1 (11-3, 7-11, 11-6, 11-9) to become the Women’s Class 1-5 champion.
Out of 109 players registered for the Men’s Singles, 16 have been seeded, while the remaining 93 competed fiercely for the 16 available slots in the main draw.
The successful players will join the top seeds in the first round of the main draw, starting today.
The competition is expected to be fierce, with top players like national champion Matthew Kuti, Abulbasit Abdulfatai, Jamiu Ayanwale, Muiz Adegoke, and Amadi Umeh all vying for the title.
Former champion Rilwan Akanbi expressed his ambition to win the tournament now that it has become a national event.
the
he will become the most expensive Nigerian player of the moment. His Super Eagles friend, Victor
In its continued drive to boost Nigeria tennis, Rainoil Group, in collaboration with the Nigeria Tennis Federation (NTF), has announced the 2025 Rainoil National Tennis Open, a premier event in Nigerian tennis to kickstart on Monday, February 3rd, 2025.
The tournament, which is set to take place at the Ikoyi Tennis Club, will bring together the nation’s finest tennis players for a week of thrilling competition
Group Executive Director, Rainoil Group, Mrs. Godrey Ogbechie, said for almost 20 years, Rainoil Group has remained committed to tennis competitions both at club and national levels because the founder of Rainoil Group, Dr. Gabriel Ogbechie, is very passionate about the game of tennis and beccause the game remains another strategic route for Nigerian youths to express their talents and shine at global stage.
According to her, the Rainoil National Tennis Open has over the years, played a crucial role in discovering and nurturing young talents, many of whom have gone on to represent
Nigeria on the global stage. To make this year tornament more attractive, Ogbecie said Rainoil has increased the prize money to a total purse of over N22.8million with the winner in the male and female singles going home with N2million and N1.5million respectively. There are equally consolation prizes for all players from the qualifying round. Mrs. Ogbechie said the company understands the challenges faced by athletes, and are dedicated to easing their burden and inspiring them to perform at their best. She added that In a historic first for Nigerian tennis, the qualifying players will receive financial compensation. This is to ensure that no competitor leaves empty-handed, recognizing the hard work and dedication of every participant.
A member of Nigeria Tennis Federation, Mrs. Olufunmilayo Koya-Adako said the qualifying rounds for the tournament will hold at the National Stadium, Surulere over the weekend and the tourrnament proper will begin on Monday.
This year’s edition of the annual Ikoyi Golf Club’s Golf Championship has been scheduled to tee off at the Golf Section of Ikoyi Club 1938 on Friday, January 31, 2025. The event’s organiser announced yesterday.
The competition, which is already generating lots of interest within the Club, is open to golfers within handicap range of 14 and below.
To be played over 36-holes, the competition which is expected to be a keenly contested tournament is sponsored by Guinness, Aramanda and Turkish Airline.
Captain, Golf Section of Ikoyi Club 1938 Tade Adekunle, described the Club Championship as the numero unoof golf tournament in Ikoyi Club that all golfers look forward to and practice for, stressing that the organization of the 2025 edition will be a departure from the past and
leave a lasting legacy for the future. Though the Club Championship had thrown up the most unlikely winner in the past, analysts believe that low handicapped golfers hold the ace in this year’s edition. Thus, players like Remi Olukoya, Tim Ayomike; former Club Champion, Peter Eben-Spiff, Akeem Lawal, Ewi Akpata and Mike Makinde are some players the bookies are tipping for honours this year.
The 2025 Club Championship will officially tee off on Friday with invited guests while Saturday February 1st will see gentlemen golfers filing out for their opening round while Sunday, February 2nd is the grand finale. The Club Championship is an event that determines the best amateur golfer within the Club. Tim Ayomike is the tournaments defending champion.
Guaranty Trust Holding Company
Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The highly-anticipated Polo Series will be held at the prestigious Lagos Polo Club, Ikoyi, from February 4 to 23rd 2025.
A staple in Nigeria’s sporting and social calendar, the NPA Lagos International Polo Tournament is celebrated for its rich heritage, thrilling competitions, and vibrant atmosphere.
Last year’s tournament delivered a thrilling six chukkas encounter that saw Leighton Kings dispatch a hardfighting Art Hotel Shoreline team to retain the coveted Majekodunmi Cup. The 2025 NPA Lagos International Polo Tournament is set to be even more spectacular, featuring top-tier
teams vying for the Open Cup and the Majekodunmi Cup in a series of high-goal and low-goal matches to be played over 18 days. The Silver Cup will run across all three weeks while the Low Cup takes centre stage in the third week, ensuring an engaging and dynamic experience for players and spectators alike throughout.
Commenting on GTCO’s role as main sponsor of the Lagos International Polo Tournament, Segun Agbaje, Group Chief Executive Officer, said: “At GTCO, we are passionate about fostering excellence and creating platforms that bring people together through shared passions. The NPA Lagos international Polo Tournament embodies the spirit of teamwork, discipline, and fair play—values that resonate deeply with our brand.
Thursday, January 30, 2025
“Culture is the totality of who we are. Unfortunately, we have relegated some of our culture to the background, our food, our language, our dress and so on. I am a Christian; I have been to two churches today but whoever says Ifa Orunmila is nothing must be a bloody fool because Orunmila has been with us before the advent of Christianity or Islam”-—Former President, lamenting that the rich African cultures are being relegated to embrace Western culture.
olusegun.adeniyi@thisdaylive.com
In January 2000, THISDAY moved from a rented property in Ikeja, Lagos to its current corporate headquarters at 35 Creek Road, Apapa. The fully computerised newsroom was a first in the country at the time. We had hardly settled when our Chairman, Prince Nduka Professor (middle name on his birth certificate) Obaigbena, called for a meeting of editors, line editors and reporters. He handed each of us a very colourful Mac Book laptop and said “from today, nobody writes with longhand in THISDAY. Everybody must type or edit stories personally and send it straight to the planner.” Apart from Waziri Adio who had returned from his Master’s degree programme at Columbia University in the United States with a laptop and Eniola Bello (who had learnt how to type), the rest of us had no clue how to use a computer. So, the whole idea sounded ridiculous. And we made our views known.
Before then, we would pass our handwritten stories to a pool of typists or “computer operators.” Now that he was insisting everyone would type their own stories, he had effectively cut out that stage of the production process and rendered the typists redundant. Juliana Taiwo (now Mrs Obanloye) was one of those ‘computer operators’ who took the opportunity to go back to school, became a reporter at THISDAY and is currently the State House Correspondent for the SUN Newspaper. But it was a tough decision back then. Considering that THISDAY was always late to the newsstand at that time and there were serious complaints from agents and vendors, we knew what had just been introduced would only compound the situation. The more we argued that we needed time to introduce the new practice, the more Obaigbena became adamant that implementation was immediate. When we told him that the decision could take our newspaper completely out of the market, he said, “THISDAY readers will wait for us”.
As THISDAY Newspapers celebrate its 30th anniversary, it is difficult to think of any other individual who has had as much impact on the practice of journalism in this country in the last few decades than Obaigbena. The anniversary therefore presents an opportunity to reflect on the ethos of a publisher who defies norms. While some of us prefer structure, long-term planning and certainty, he is a man who never bothers to calculate the probability of whether an idea would succeed or fail. And to him, whatever needs to be done must be done immediately regardless of the prevailing circumstances. I recall one of the editors once confronting Obaigbena, “Chairman, you are the kind of man who would impregnate a woman and ask her to deliver the baby immediately. Life doesn’t work that way.” Yet, I cannot count the number of times that he presented us with situations, which we argued were impossible and ended up proving us wrong.
In his column last Sunday, Simon Kolawole wrote about the ‘Hell Yes’ audacity of
Obaigbena as a publisher. But part of it also stems from a disposition that believes “If I fail, it won’t define me; It only means that I tried”; afterall, THISDAY’s attempt to publish in South Africa did not work out and the enormous costs involved almost took our newspaper down in Nigeria. That unsuccessful experiment accounted for why when the idea of ARISE Television was broached, some of us were not enthusiastic, to put it mildly. I recall the first meeting with editors when Obaigbena conceived the idea almost two decades ago. “The future of journalism is in the electronic,” he said in what we believed to be a rationalisation for another fancy project. “The print will die.” Because some of us fought the idea at the time, we were labelled ‘enemies of ARISE’ but today we can see what he saw back then. So, here is also a toast to ARISE Television at 12.
Obaigbena is a man of relentless vision. He saw the disruptions that were coming to the journalism profession many years before they even appeared on the horizon here and he wanted to be ahead of the pack. Take the printing in full colour for example. THISDAY did not even have a printing press of its own at the time. And there were times the newspaper was produced from a business centre. But he did not think this was a problem. He simply put people on a plane to the heritage press in Abuja with the camera-ready pages and they returned to Lagos the next morning with copies of the newspaper. Our competitors thought it could not be sustained, until they realised that was the way to go and also began to print in colour. It was THISDAY that rebranded rejoinder to ‘right of reply,’ giving responses from readers prominence before
it became the industry standard. THISDAY also introduced the idea of conversations with world leaders by bringing people like former American Presidents Bill Clinton and George Bush, former British Prime Minister Tony Blair, former German Chancellor, Gerhard Schröder, the late General Colin Powell and several others. On the entertainment side, THISDAY has, at different times, brought Beyonce (who came along with Jay-Z), Snoop Dogg, Dionne Warwick, Toni Braxton, Lionel Richie and many others.
At THISDAY, what Obaigbena has done is to create a work environment that inspires innovation and creativity, especially at the editorial level. He has also helped to nurture a culture that is open to new ideas and flexibility even in the face of uncertainty. And what is perhaps most remarkable is that several of his enduring innovations have appeared dramatically - as if on the spur of the moment. Take for example the much-celebrated THISDAY backpage. It all started on a Sunday afternoon in mid 1999. Obaigbena called a meeting of the Board of Editors and said he had decided to assign the backpage to individual columnists. Without much elaboration, he simply asked for some sheets of paper and began writing. He would finish a page and hand it over to each one of us to read. “I am writing my backpage for tomorrow as I will be writing every Monday. Victor Ifijeh (current Managing Director of ‘The Nation’ newspapers) will be writing on Tuesday. Eniola Bello (current THISDAY Managing Director) will write on Wednesday. Segun, you will be writing on Thursday. Festus Eriye (current editor of ‘The Nation’ on Sunday) will write on Friday. And Waziri Adio (founder of Agora Policy and immediate past NEITI Executive Secretary) will write on Sunday. There will be no backpage columnist for the Saturday Newspaper.” That’s how the backpage journey started. Meanwhile, it is not an accident that THISDAY has produced many people who have served government both at the federal and subnational levels in different capacities. Obaigbena encourages reporters and editors to have public sector experiences and exposure, and the usual refrain is always that there is a lot to learn and “if it doesn’t work out, you can always come back to THISDAY.” In many instances, he goes out of his way to negotiate such appointments as was the case with me. Two weeks after the election of Umaru Musa YarAdua as President in April 2007, Dr Aliyu Modibbo, then Minister of Commerce under President Olusegun Obasanjo (who would become Minister of FCT under Yar’Adua) called that he had been directed to sound me out on the appointment of presidential spokesman. Although I appreciated the consideration, I turned down the offer because, as I told him, I had no interest in working for the government. When I informed Obaigbena, his anger was that “Yar’Adua is trying to poach my editor behind my back” but he appreciated that I declined the offer - or so I thought.
On 30th May 2007, a day after Yar’Adua’s inauguration, when I had forgotten about the job offer, I got a call from Obaigbena who was in Abuja. “Look Segun, I am here at the Villa with the president. He insists that it’s you he wants to be his spokesman. I told him that the editor of THISDAY cannot take a public appointment that is not of cabinet level. He has elevated the office to Special Adviser because of you and I have accepted the job on your behalf. Now wait for Mr President.” He then handed his mobile phone to Yar’Adua. That was how I moved from the newsroom to Aso Rock. And on a personal note, I cannot thank Obaigbena enough for the support he gave me while on the job. I had three predecessors. Dr Doyin Okupe was a Special Assistant while Mr Tunji Oseni and Mrs Oluremi Oyo (both now of blessed memory) were Senior Special Assistants. The fact that from my period till now every presidential spokesman has been a Special Adviser is because of the way Obaigbena ranked (and still ranks) the editor of THISDAY!
With the liberal spirit of a publisher blessed with a trail-blazing management style, what makes Obaigbena particularly unique in a newspaper environment is that he likes building consensus even on issues he feels very strongly about. At THISDAY, there is hardly any decision that doesn’t involve the Board of Editors and that includes sidelines like awards, musical and fashion shows that have little to do with mainstream journalism and in which some of us were completely disinterested! THISDAY is also a place where you form life-long relationships. It is a bond that binds permanently and to which anyone who has passed through the newspaper is proud of.
I was at THISDAY/ARISE ceremony in Lagos on Monday night not because of the ceremony (which has never been my thing) but rather to see old faces. And there were many. Tony Onyima, Simon Kolawole, Shina Badaru, Ayo Aminu, Donald Andoor, Sunny Hughes, my own ‘I-Jay baby’ (Ijeoma Nwogwugwu that is), ‘Ruthless Ruth’ (Osime), Constance Ikokwu and so many others: It was a time to celebrate and reflect on the friendships that have endured beyond the newsrooms at Ikeja and Apapa. On a lighter note, it was almost as if there was an award category for dancing between THISDAY and ARISE given the way Eni-B shuffled his feet during the performance by Flavour and Rufai Oseni moved his body in rhythm to the timeless tunes of Diana Ross.
The story of THISDAY is like one of its famous refrains, it never ends. Obaigbena is a lover of the ellipsis, which symbolises an unfinished idea or thought. Each time we get a breaking story that would elicit responses, Obaigbena would ask the editor to insert the famous line: “More to follow…” With all that THISDAY has accomplished in 30 short years, I have no doubt it remains an unfolding story. For sure, there is much more to follow…
Note: Interested readers will find, ‘The God of Politicians’ in the online edition.