General
Herbert Wigwe Shares Food Items to Isiokpo Community
By Modupe Gbadeyanka
The Group Managing Director of Access Bank Plc, Mr Herbert Wigwe, recently distributed some food materials to residents of Isiokpo in Rivers State.
The items were shared to members of the community by the renowned banker through his not-for-profit organisation known as Herbert Onyewumbu Wiwge (HOW) Foundation.
Several families who received the foodstuffs and relief packages worth millions of Naira, could not hide their excitement for the kind gesture.
Mr Wigwe said the distribution of the foodstuffs to people was a conscious plan to tackle the post-coronavirus pandemic effects.
He said a lot of businesses have been badly affected and economies have been disrupted, and as a foundation, “we have come to the aid of the people and assist this Isokpo community by targeting the households with the distribution of our food relief materials.”
According to him, the move was to further support the government in making living easier for the masses by putting smiles on the faces of thousands of people in some communities in River State.
Also commenting, the CEO of HOW Foundation, Ms Antonia Ally, informed the people of Isiokpo community and its environs that the NGO’s decision was to spread love and alleviate the effects of the lockdown on the people of Rivers State in general, and to connect with the mission statement of the non-profitable organization.
According to her, the foundation had been feeding several homes and indigents in Lagos state for weeks and had now decided to extend this novel gesture to the good people of Isiokpo community and its environs.
“We believe that majority of those that are alive today have never experienced a pandemic, and to cushion the effects of the lockdown occasioned by COVID-19, the HOW Foundation had made available palliatives to the people of Isokpo and its neighboring communities in River State,” she said.
In his remarks, the Nye Nwe Ali of Isiokpo community, Blessing Wagor, thanked the organisation, especially the founder, Mr Herbert Wigwe, for remembering “the people of our community in this troubled period of hunger, and he has also promised that the palliatives will be shared with all the families in the community with the help of our council chiefs.”
Also, Chairman Isiokpo Council of Chiefs, Mr Wobodo Amadi, thanked Mr Wigwe and stressed that, “Those who remember to feed the needy in this deadly pandemic period deserves more blessing and as he (Herbert Wigwe) is feeding us, God won’t let him, his family and the entire team to be hungry, God will continue to protect you all, thank you.”
To date, the HOW Foundation has been changing and shaping the lives of many with their focus and three major agenda that consist of health, education, and empowerment, all of which have formed the fulcrum on which the NGO designs its programs and activities to ensure that they make positive and measurable impacts to be made in these specific areas.
The foundation has over the years been fighting malaria and prostate cancer with massive awareness to eradicate health challenges across the country.
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”
