Connect with us

General

$1b Boko Haram Fund: Yoruba Youth, CSOs Blast Fayose, Others

Published

on

By Dipo Olowookere

Ekiti State Governor, Mr Ayodele Fayose, has been accused of working to frustrate the efforts by the Federal government to put a timely end to the reign of the Boko Haram insurgents in the country.

National Committee of Yoruba Youth and the Coalition of Civil Society Against Terrorism in Nigeria made this accusation at a media briefing on Sunday in Lagos.

Convener of one of the groups, Comrade Odeyemi Oladimeji, speaking during the media chat, described those who are opposed to the approval of the sum of $1 billion from the Excess Crude Account (ECA) by the Nigerian Governors Forum (NGF) to support the ongoing war against insurgency in the North East as desperate politicians who takes pleasure in supporting the activities of the insurgents and are ready to continually exploit same for their selfish political gains.

He further called those opposed to the Governors decision to further fund the war against Boko Haram as unpatriotic, self-serving and sympathizers of Boko Haram and as such, shouldn’t be taken serious by Nigerians.

“While we sincerely recognize the right of every Nigerians to hold their opinion as expected in a democratic setting such as ours, it is sad that rather than providing a collective response towards ensuring that the menace of terrorism is completely eradicated from our country, some persons remain resolute at making political gains out of a situation that has rendered many of our brothers and sisters homeless turned children to orphans and seeing communities desolated.

“It is our opinion as young Nigerians that the generosity of the Governors be applauded by Nigerians as it will in doubt, increase the capacity of our military to frontal confront the remnants of the insurgents, who are still desperately making attempt to further escalate the now relatively curtailed situation particularly in the North East part of the country.

“We want to further urge Nigerians to disregard the criticism by these desperate politicians, who are supportive of the insurgency through their utterances and body language in such manners that are already known to all Nigerians.”

However, the groups urge the Federal government to ensure accountability and transparency in the utilization of the fund as Nigerians look forward towards a total end to the Boko Haram insurgency the country approach the year 2018.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Yuno, Onafriq to Unlock Pan-African Payments for Global Merchants

Published

on

yuno Onafriq

By Modupe Gbadeyanka

A partnership for the integration of Onafriq’s leading pan-African payment network into Yuno’s orchestration platform has been entered into between the two organisations.

This collaboration gives merchants a single connection to Africa’s most expansive payments infrastructure, bringing the continent’s most expansive payments infrastructure to merchants worldwide.

Through this integration, Yuno’s clients gain instant access to Onafriq’s network spanning 43 African markets, nearly one billion mobile wallets, 500 million bank accounts, and 2,000 cross-border payment corridors, all through Yuno’s single, developer-friendly API.

The partnership is part of Yuno’s broader strategy to build a truly global platform that connects merchants to every meaningful payment method and network, regardless of geography. Following successful expansion in the Middle East, Europe, and Asia, Africa is a key pillar of Yuno’s next phase of growth.

For Onafriq, the integration with Yuno extends its reach to an entirely new segment of global merchants who now benefit from a streamlined entry point into African markets. The partnership reinforces Onafriq’s mission of making borders matter less, bringing together mobile money operators, banks, fintechs, and enterprises into one connected payment ecosystem.

“Africa represents one of the most exciting growth opportunities in global commerce, and yet too many merchants are still locked out by payment infrastructure that wasn’t built for scale.

“Our partnership with Onafriq changes that. By bringing their unmatched African network into our infrastructure layer, we’re giving our clients a single path to a continent-wide ecosystem with the reliability, compliance, and local depth they need to grow with confidence,” the chief executive of Yuno, Mr Juan Pablo Ortega, stated.

Also commenting, the chief executive of Onafriq, Mr Dare Okoudjou, said, “Africa’s payment landscape has never lacked ambition or momentum; what it needed is the right infrastructure that matches its pace.

“Our partnership with Yuno changes the equation for global merchants who want to be part of this growth story. Through a single connection, global merchants can reach consumers and businesses across Africa more seamlessly than ever before, while more people across the continent gain access to the digital economy on their own terms. For us, this is what making borders matter less looks like in practice.”

Onafriq’s infrastructure supports the full payment lifecycle, from real-time disbursements and omnichannel collections to card issuance, treasury management, and stablecoin settlement, all underpinned by local regulatory licences and ISO 27001 and CMML3-certified security.

For Yuno’s merchant base, this means the ability to pay out to mobile wallets, bank accounts, or cash pickup points, and accept payments across channels, without managing multiple integrations or compliance frameworks independently.

The integration is now live and available across Egypt, Ghana, Kenya, Nigeria, Cameroon, Côte d’Ivoire, and Uganda. Yuno’s clients can access Onafriq’s capabilities, including mobile money disbursements and collections, card issuance, and FX treasury services, directly from the Yuno dashboard with no additional contract or integration required.

Continue Reading

General

SERAP Sues NNPC Over Alleged N5.9bn Rebranding Expenditure

Published

on

serap nnpc

By Adedapo Adesanya

The Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company (NNPC) Limited to court over its alleged failure to account for N5.9 billion reportedly spent on its rebranding and transitioning from a corporation to a liability company.

In the suit filed at the Federal High Court in Abuja, SERAP is seeking an order compelling the national oil firm to explain how the funds were spent and disclose the officials and contractors involved in the process.

According to the organisation, the NNPC allegedly spent N2.9 billion from petroleum product proceeds on incorporation expenses, while the National Petroleum Investment Management Services (NAPIMS) reportedly charged another N2.9 billion to crude oil revenue for the same purpose, bringing the total expenditure to about N5.9 billion.

SERAP said it is seeking “an order of mandamus to direct and compel the NNPCL to account for about N5.9 billion allegedly spent on the rebranding of the NNPC to the NNPCL.”

The group also asked the court to compel the company to provide “a comprehensive reconciliation statement detailing the specific financial transactions relating to the N5.9 billion expenditure, including the identities of the contractors involved and how the funds were utilised.”

It further requested the disclosure of the names and official positions of government officials who authorised and approved the expenditure, as well as clarification on whether the spending complied with procurement laws and due-process requirements.

The suit, marked FHC/ABJ/CS/1248/2026, was disclosed in a statement issued on Sunday by SERAP Deputy Director, Kolawole Oluwadare.

The legal action was filed on behalf of SERAP by lawyers, Ms Oluwakemi Agunbiade, Ms Kehinde Oyewumi and Mr Andrew Nwankwo.

According to SERAP, the Senate Committee on Public Accounts had reportedly raised concerns over the expenditure categorised as incorporation and transition costs during the transformation process.

“The Committee described the spending of the ₦5.9 billion as excessive, unjustifiable and deserving of further explanation, investigation and legislative scrutiny in the public interest,” the organisation stated.

SERAP argued that the public has a right to know how the funds were spent, insisting that transparency and accountability must guide the operations of the state-owned oil company.

“The NNPCL has a legal responsibility to explain whether the ₦5.9 billion expenditure represents value for money, constitutes lawful spending of public funds, and complies with applicable due-process requirements,” SERAP said.

“There ought to be full transparency and accountability regarding the reported ₦5.9 billion spent on rebranding NNPC to NNPCL. Nigerians have the right to know who approved the expenditure, who received the funds, the nature of the services rendered, and whether due process and procurement requirements were strictly followed.”

The organisation added that disclosing the identities of the officials involved and the approval process would enable Nigerians to assess whether the expenditure was properly authorised and in line with extant laws.

SERAP further argued that the alleged failure to account for the funds reflects broader accountability concerns within the NNPCL.

“The failure to account for the spending of the ₦5.9 billion on the rebranding from NNPC to NNPCL reflects a broader failure of accountability and is directly linked to the institution’s continuing inability to uphold transparency and accountability principles,” it stated.

Continue Reading

General

Makinde Reassures Safe Return of Abducted Oriire Pupils, Teachers

Published

on

Seyi Makinde of Oyo

By Adedapo Adesanya

The Governor of Oyo State, Mr Seyi Makinde, has reassured residents that his administration remains committed to securing the safe release of the pupils and teachers abducted from schools in Oriire Local Government Area about a month ago.

In a message contained in his monthly newsletter, the governor acknowledged the pain and anxiety experienced by families and communities since the victims were abducted from schools in the Yawota and Ahoro-Esinle communities almost 30 days ago.

He described the incident as a difficult period for the state, noting that many families have continued to endure uncertainty over the fate of their loved ones.

According to the governor, although repeated assurances may have left some residents doubtful, efforts to rescue the victims have not relented, stressing that security agencies are pursuing every credible lead and deploying all lawful means necessary to secure the release of the abducted pupils and teachers.

Mr Makinde explained that intelligence reports indicate the victims are still within the wider Old Oyo National Park axis, a vast terrain stretching across about 10 local government areas and covering approximately 2,500 square kilometres.

He noted that the difficult terrain poses operational challenges for security agencies, requiring patience, coordination and sustained efforts to ensure a successful rescue mission.

The governor urged residents to remain vigilant and report suspicious activities through the state’s toll-free emergency line, 615, while also cautioning against the spread of unverified information that could undermine ongoing security operations.

Mr Makinde assured families that their loved ones have not been forgotten, stressing that the safe return of the victims remains a top priority for both the state government and security agencies.

“We are doing everything within our power to bring them home safely,” the governor said, while calling on residents to continue praying for the safe return of the abducted pupils and teachers,” he promised.

Continue Reading

Trending