General
Senate 2019: Kogi East Roots for Victor Adoji
By Modupe Gbadeyanka
The people of Kogi East Senatorial District are in for a brighter future in 2019 and beyond as Dr Victor Alewo Adoji, renowned technocrat throws the hat in the ring for the 2019 senatorial elections. Dr Adoji is gearing to represent the senatorial district at the National Assembly. Already, there have been wild excitements everywhere you go as the electorates believe Dr Adoji’s representation will be a sign of good things coming to the senatorial district.
Those spoken to said they were already heaving sighs of relief even though he has not yet won the seat, as they believe in the capabilities of Dr Adoji to turn things around at Kogi East.
Dr VAA, as he his fondly called, is regarded as a generous man, who has affected many lives both in the state and in other parts of the country. His aspiration to contest for Kogi East Senatorial District of the state is borne out of his zeal to enhance development in the state.
It was gathered that unlike some rich men who spend their money only where business relationships and connections can be fostered, Dr Victor is noted for his generosity especially to those exposed to the scotching heat of poverty and wretchedness.
A Kogite, who gave his name as Johnson, stated that Dr Victor gives to those who can hardly afford three-square meals.
“Now what does this mean to a rational Kogite? Of course, it portrays Dr VAA as a true definition of cordial relationship between the rich and the poor, the low and the mighty.
“Victor, as a genuine Christian, understands that whatever God gives him is for the benefit of mankind.
“Apart from these, identifying with the poor and the vulnerable shows his staunch belief and strict adherence to equality.
“He believes that all of us are equal irrespective of religion and social differences,” the Kogite said.
Investigations revealed that Dr VAA’s humane formula is a proof that he is a talent hunter, and that he seeks and invests hugely in uncommon, but dying talents among Kogites, particularly those of Igala extraction.
Commenting on the philanthropist, one Oluwasegun from the state revealed that he received calls from employees, whose fortune had been changed dynamically by Dr Adoji, adding that such people are currently meeting their daily needs conveniently from their various employment.
He said: “Without apology, Dr VAA’s benevolence cannot be over-emphasized, even those sponsoring criticism against him know.
“Yet, some paid hooligans mischievously insinuated that Dr VAA hates anyone who is succeeding.
“They even went further to cite the example of an Igala guy, who suddenly became Victor’s arch-enemy because he is studying in the UK. Well, let me apologise for being unable to find a word that could best describe the sponsors of these lies from the pit of hell.”
A source in the state said that for posterity sake, Dr Victor Adoji’s senatorial aspiration symbolises a revolution from hardship to abundance, darkness to light; political bondage to freedom amongst other numerous benefits that would accrue to the people once he gets into office.
He added that contrary to some ‘psychopathic insinuations’ that Dr VAA was seeking riches and worldly connections with his ambition, his victory at the polls will lead to an era of transparency and accountability.
According to him, it will be the beginning of giving true dividends of democracy to the people, and that it will be a time when a leader will be accessible to the electorates.
“Kogi East Senatorial District happens to have produced the largest local government in West Africa (Dekina), yet it hasn’t witnessed any tangible development due to poor representation in the legislature.
“Hence, there is an urgent need for the right technocrat to be in charge of legislation in the district to present bills and motions in an appropriate manner for the benefit of the constituents.
“Dr Adoji has demonstrated his capacity in these areas. He has participated fully in the duty of uniting Igalas.
“He has put strategies and suggestions forward to the betterment of our people both at home and abroad.
“Ufedo, Udama Unyogba Ane Igala, an Abuja based NGO, testified to this when it made Dr VAA chairman at one of its annual conferences. Members of Igala Association, USA were also living witnesses when Dr Adoji served as one of the dignitaries that graced their gathering few years back.
“Dr VAA’s message has been no to nepotism, marginalisation, self-centeredness, social and ethnic differences. As a matter of fact, Victor is the ladder which the people of Kogi East should climb for socio economic and political revolution,” he said.
We were informed that the battle for a better Kogi East Federal Constituency will not be won with politicos and politicking, but with purposeful, visionary candidature with well-defined attributes both intellectually and politically.
A concerned resident of the senatorial district, who simply gave his name as Jacob, said that “just as an African democratic hero puts it; I am sick and tired of the crumbs of compassion thrown from the table of those, who consider themselves my lords and masters, I want a full menu of rights.
“It is far beyond the loyalty syndrome or the crumbs of compassion mentality. The election will not be won by politics of cluelessness. But it will be won by a man with a core Godly mindset with genuine and qualitative leadership attributes.
“This is where Dr Victor Alewo Adoji belongs as the most credible candidate for the highly demanding assignment. He has laudable achievements of immeasurable value to his credit. Above all, his life personifies an act of Godliness, which gives a leader an opportunity to serve well,” Jacob added.
We were told that Dr Victor Alewo Adoji’s mission and vision towards Kogi East Senatorial Districts could be described as that of Moses, who was sent by God to lead the Isrealites to their Promised Land (Cannan).
It was learned that his huge investment in Igala sons’ and daughters’ academic career shows a greater light on the horizon for the confluence city.
“So, let’s see it beyond sentiment and stipends with which our destiny is always exchanged and vote Dr VAA as the people’s senator in 2019. His campaign, which will commence shortly, is a moving train that will hold sway on every nooks and crannies of Kogi East.
“Hence, people of like minds must join this train to vote out poverty, hunger, bad road and other issues that have threatened our very existence as a people,” said a Kogite, Mr Oluwanisola.
“As a bonafide indigene of Dekina LGA, I know the general language when it comes to infrastructural development.
“Our people are used to the dilapidated state of roads, electricity, water and other social amenities. In fact, as economically viable as the land is, no tangible developmental project has been done in the area over the years.
“Therefore, if there is anything called struggle for a better Kogi Eastern Senatorial district, that alone I am willing to shed my blood for because my root and the people of the area have fallen victims severally to economic and political misrepresentation,” Dr Victor Adoji was quoted to have said at a gathering recently.
A Kogite, who was reacting to an article written by Mr. John Paul with the title, “Dr Victor Alewo Adoji is a star in the Darkened skies” testified to Dr VAA’s generosity this way ; “Bros thank you for that wonderful piece. I owe everything I am presently to God and Dr Adoji.
“I lost my dad when I was in SSS two and after writing my SSCE, I lost hope of going to the university.
“So, I started living the normal guy life. But on that memorable morning, I was in the church (United Evangelical Church) playing the musical instrument as usual, when I met Dr Adoji.
“After the people had given offering, Dr Victor asked me publicly about what I was doing for a living. I told him I had been writing JAMB for four years now, but that I was unable to secure admission due to financial constraint.
“Behold! The man of God said to me that God told him to see me through the university. Right now, I am in 300 level in the university. We are about 10 students in my school that are being sponsored by Dr VAA.”
Another Kogite, a Muslim-turned-Christian lady from Ogun State, said that she was subjected to constant torture by her very dedicated Muslim, but poor family, for accepting Jesus Christ.
The lady stated that she was actually able to complete her secondary school education with the help of the presiding minister in her local church before the pastor was transferred from Ogun State to Lagos State.
She however, said that her story changed completely the day she visited the pastor and his family in Lagos, where she met Dr VAA, who she said later gave her scholarship for her university education.
Our investigations revealed further that Dr Victor Alewo Adoji has all the qualities to represent his people at the red chamber and that he would do his best to attract more developments to the senatorial district in four years.
Dr Victor earned a bachelor’s degree in Economics from the University of Jos, and master’s degrees in economics, Business Administration with bias in Corporate Strategy from Bayero University, Kano, and another master’s degree in Entrepreneurship from the ITTL-DRC, University of Phoenix, USA. Dr Adoji also obtained a PhD in credit Management.
He is a fellow of Institute of Credit Administration (FICA) and an International Certified Credit Fellow (ICCF). He is a member of several professional and academic bodies in Nigeria and beyond. He has won numerous awards over the years in recognition of his meritorious and excellent.
He was deputy editor, the business section of the Northern-based Concern magazine and joined the services of Zenith Bank Plc in 2000.
General
FG Issues Data Protection Compliance Directive to All MDAs
By Adedapo Adesanya
The federal government has issued a data protection compliance circular to all Ministries, Departments and Agencies (MDAs) to promote public trust through data-driven governance.
The compliance directive is contained in Circular No. 59805/S.I/74, dated 27 July 2026, and signed by the Secretary to the Government of the Federation, Mr George Akume, according to a statement by the Head, Legal, Enforcement & Regulations, Mr Babatunde Bamigboye.
The initiative forms part of a continuum of regulatory measures that will be vigorously pursued as Nigeria advances towards the decisive frontiers of the Fourth Industrial Revolution.
The circular drew the attention of MDAs to a statement of President Bola Tinubu, where he said: “Data is the new oil”.
Mr Akume then directed all Ministries, Extra-Ministerial Departments and Agencies to capture the information rigorously and safeguard it under the Nigeria Data Protection Act, 2023 (NDP Act).
The circular also directed MDAs to ensure full compliance with the NDP Act, Regulations, Guidelines, and Directives issued by the Nigeria Data Protection Commission (NDPC) in relation to the processing of personal data.
To this end, the Circular directs MDAs to, designate suitably qualified officers as Data Protection Officers (DPOs) to oversee data protection compliance and advise management on all matters relating to the lawful processing of personal data, ensure that the names and contact details of their designated DPOs are communicated to the NDPC for registration and official records; engage licensed Data Protection Compliance Organisations (DPCOs), where required, to facilitate compliance with the NDP Act and support the conduct of statutory compliance audits.
It also directed them to provide adequate budgetary allocation for data protection compliance activities, including capacity building, awareness programmes, deployment of appropriate technical safeguards, and periodic compliance audits; and submit all mandatory Data Protection Compliance Audit Returns and other statutory returns to the NDPC within the timelines prescribed by law.
The circular further states that “Permanent Secretaries, Accounting Officers and Chief Executive Officers of all MDAs shall be personally responsible for ensuring institutional compliance with the Circular and the provisions of the NDP Act.”
The National Commissioner/Chief Executive Officer of the NDPC, Mr Vincent Olatunji, expressed the commission’s commitment to supporting data-driven governance.
Mr Olatunji maintained that data accountability is pivotal to achieving the eight Presidential Priorities. To provide full technical support to MDAs for the purpose of achieving compliance, the commission has constituted a regulatory clinic.
General
Yellow Card Raises $40m to Expand Stablecoin Payment Infrastructure
By Adedapo Adesanya
Yellow Card, a global stablecoin infrastructure provider, has raised $40 million in a strategic funding round to accelerate its international expansion and strengthen its digital payment infrastructure.
The funding round attracted investments from SC Ventures, the innovation and investment arm of Standard Chartered, Sony Innovation Fund, Polychain Capital, Blockchain Capital, and other strategic investors. With the latest raise, Yellow Card’s total equity financing has now exceeded $120 million.
The company said the fresh capital will be used to scale its Global US Dollar Accounts, an end-to-end dollar account designed for businesses, while expanding the stablecoin payment rails that connect businesses to markets around the world.
Yellow Card’s chief executive, Mr Chris Maurice, described the investment as a strong endorsement of the company’s long-term vision, noting that the company has spent years building infrastructure that allows businesses to move money globally without relying on traditional correspondent banking systems.
He added that the next phase of growth will focus on helping banks connect directly to stablecoin payment rails, enabling faster and more efficient cross-border transactions while expanding access to US Dollar services for businesses.
SC Ventures chief executive, Mr Alex Manson, said stablecoins are becoming an important part of global payments, but noted that widespread adoption will depend on reliable infrastructure and practical use cases.
He said Yellow Card has built the payment rails businesses across Africa need to move money efficiently across borders and expressed confidence in the company’s ability to expand both within Africa and internationally.
The investment also marks growing interest from global institutions in stablecoin-based payments. Sony Innovation Fund said its backing reflects confidence in Yellow Card’s ability to build digital payment infrastructure for emerging markets.
Mr Austin Noronha, Managing Director at Sony Ventures-US, said the company believes Yellow Card is creating the technology needed to help banks, financial technology firms and enterprises move money faster and more securely.
He added that the company looks forward to supporting Yellow Card as it expands beyond Africa into Latin America, the Middle East, Europe and the Asia-Pacific region.
Yellow Card said the funding will also support the wider rollout of its Global USD Accounts, which allow businesses to hold U.S. dollars, manage treasury operations, swap stablecoins, and collect or make payments in local currencies across more than 50 countries.
The company noted that the platform is already being used by major customers, including Visa and Western Union.
Founded to simplify cross-border payments through digital assets, Yellow Card has processed more than $10 billion in transactions across its network. The company supports over 50 currencies and holds licences, authorisations and registrations in 22 jurisdictions across North America, Europe and Africa.
Yellow Card has also established strategic partnerships with global payment companies including Visa, Mastercard, PayPal and Coinbase as it positions itself as a key infrastructure provider for international digital payments.
General
NEC Approves $4.5bn Refinancing of NNPC Oil-Backed Loan
By Adedapo Adesanya
The National Economic Council (NEC) has approved a $4.5 billion arrangement for the Nigerian National Petroleum Company (NNPC) Limited aimed at strengthening the country’s external reserves and freeing up funds for infrastructure.
This is part of the refinancing of the $3.3 billion Project Gazelle Pre-Export Finance Facility through a new $4.5 billion facility named “Project Gazelle 2”.
The approval allows NNPC Limited to refinance the outstanding balance of approximately $1.5 billion under the original 2023 facility, while unlocking an additional $3 billion in liquidity to strengthen the country’s external reserves and support ongoing fiscal and infrastructure priorities of the government.
NEC’s approval followed a presentation by the Minister of Finance, Mr Taiwo Oyedele, which was presented by the Chairman of the Council, Vice President Kashim Shettima, underscoring the importance of the project.
NEC observed the significance of unlocking additional liquidity to the federation, among other benefits, pledging its support for the actualisation of the initiative.
The Finance Minister explained that the refinancing has been structured on more favourable terms than the original facility, including a reduction in the volume of pledged crude oil from 90,000 barrels of oil per day to approximately 78,750 barrels of oil per day – a 12.5 per cent reduction.
He noted that under the new arrangement, an additional 11,250 barrels of oil per day for the federation will be released, while there will be a reduction in the pledged crude volumes by the state oil company.
Mr Oyedele added that while accessing additional liquidity on improved terms, the arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures.
“The arrangement is freeing up resources for strategic national priorities while strengthening the country’s financing structures,” he said.
VP Shettima called for a responsive, scalable, and data-driven social protection policy to tackle multidimensional poverty in Nigeria.
According to Mr Shettima, government policies are often heard before they are seen, speak through the price of food, condition of hospitals, records in schools, strain on families, the confidence of those who invest their labour in the nation’s future, and, very importantly, the ambitions of state governments.
He implored members of Council to ensure that every decision they make assure the citizens “that their government is paying attention to the pulse of the nation and is resolved to respond with competence, compassion and purpose.”


