General
Youth Council Calls for Speedy Confirmation of Bawa as EFCC Chairman
By Modupe Gbadeyanka
The Nigerian Senate has been urged not to delay the screening and confirmation of Mr Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC).
On Tuesday, President Muhammadu Buhari nominated Mr Bawa as the new head of the country’s anti-corruption agency. He is to replace Mr Ibrahim Magu, who occupied the position for about five years in an acting capacity.
Reacting to the development, the National Youth Council of Nigeria (NYCN), through a statement signed by its president, Mr Solomon Adodo, commended the President for picking the 40-year-old “world-class crime buster” to lead his anti-corruption campaign as it is the “biggest masterstroke” in his administration’s effort to crush the monster called corruption.
They said the next step would be for the upper chamber of the parliament to confirm his appointment so as to enable him to get the ball rolling.
They appealed the Senate to “immediately screen and approve the nomination of Mr Abdulrasheed Bawa,” adding that, “We shall be mobilizing our members to the National Assembly within the next seven days to press home our point.”
The youth council emphasised that the services of Mr Bawa are “greatly needed to advance the fight against corruption in Nigeria as his appointment “signals a positive turn in the war against corruption” and must therefore be urgently considered for approval by the Senate.
It said Mr Bawa’s appointment was not only a great win for Nigerian youths but goes further to remind young Nigerians to always be prepared to take the position of leadership.
“We have diligently looked through the untainted records of this great and young compatriot who has risen through the ranks of the EFCC.
“No one can better understand the workings of the commission than a young officer who has spent all his career years within the establishment beginning from the point where the commission was set up with its unique mandate to halt the negative tide of financial crimes.
“It is imperative to stir to the memory of all discerning observers that Mr Bawa has been strongly averse to any act of corruption or financial crime, he has fought with all determination against this hydra-headed monster even at the risk of threats to his life, unfounded attempts to blackmail him and several concerted smear campaigns against this world-class crime buster.
“Mr Abdulrasheed Bawa has been assigned several sensitive investigations to head including the Diezani Allison-Madueke case between 2015 to Date which resulted in the recovery of millions of Dollars worth of properties in Nigeria, U.K., U.S.A, and U.A.E including 92 properties in Nigeria; the Atlantic Energy Group case between 2014 to 2015 where he recovered millions of Dollars worth of properties in Nigeria, UK, USA, Switzerland, UAE and Canada; the highly controversial Crude Oil Swaps and OPA case between 2014 to 2015, again he recovered Billions of Naira for the Federal Government putting an end to haemorrhagic loss revenue.
“Through diligent investigation, Mr Bawa was able to unearth the Petroleum Subsidy Fraud between 2012 and 2015 N70 billion, recovered billions and several companies were prosecuted duly.
“It may be recalled that several men hitherto identified as men of integrity (including Members of the House of Representatives) could not resist the massive bribes and inducement from the subsidy cabal, Mr Bawa, however, remained unbent and rather put the nation first.
“At all his duty posts, the records bear it clear that the sole and singular focus of this fearless fighter against corruption has been to ensure that all traces of financial crimes are identified, exposed and suffocated,” the group said.
The group noted that Bawa’s years of experience and training by global institutions such as the United States Federal Bureau of Investigation (FBI), United States Financial Crime Enforcement Network (FinCEN), the World Bank and the United Nations Office of Drug and Crimes, amongst others, could not have escaped the eyes of any employer seeking a competent hand to head to the anti-graft agency.
By Modupe Gbadeyanka
The successful closing of about $1.126 billion in financing for the execution of Phase 1, Section 2 of the Lagos–Calabar Coastal Highway has been welcomed by President Bola Tinubu.
A statement issued on Friday by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the funding package was secured by the Federal Ministry of Finance.
Mr Tinubu described this as a landmark because it marks a significant milestone in the delivery of Africa’s most ambitious and transformative infrastructure projects.
He praised the Ministries of Finance and Works and the Debt Management Office (DMO) for working together on the transaction, adding that the federal government will continue to explore creative financing to fund critical projects across the country.
“This is a major achievement, and closing this transaction means the Lagos-Calabar Coastal Highway will continue unimpeded. Our administration will continue to explore available funding opportunities to execute critical economic and priority infrastructural projects across the country,” the President was quoted as saying in the statement.
Phase 1, Section 2 covers approximately 55.7 kilometres, connecting Eleko in Lekki to Ode-Omi, key economic corridors and significantly enhancing national trade efficiency and logistics connectivity.
The successful financing follows the earlier closing of the $747 million financing for Phase 1, Section 1, and demonstrates the scalability and bankability of the Lagos–Calabar Coastal Highway project.
The financing was fully underwritten by First Abu Dhabi Bank (FAB) and Afreximbank, with partial risk mitigation support provided by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), marking ICIEC’s largest transaction since the country’s institutional and regulatory reforms. The structure reflects growing confidence in Nigeria’s reformed investment climate and its capacity to deliver infrastructure.
SkyKapital acted as Lead Financial Advisor, coordinating structuring, lender engagement, and execution. Environmental and Social advisory services were provided by Earth Active (UK), ensuring complete alignment with the IFC Performance Standards, the Equator Principles, and international ESG best practices. Hogan Lovells, as International Counsel, and Templars, as Nigerian Legal Counsel, led the legal advisory services.
Describing the transaction as a “defining moment in Nigeria’s infrastructure journey,” the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said the fund will be deployed responsibly and judiciously to deliver on the project within timelines.
“The signing on December 19, 2025, of $1.126 billion financing for Phase one — section two of the Lagos-Calabar Coastal road marks a defining moment in Nigeria’s infrastructure journey, following the successful closing of the $747 million financing for Phase one section one on July 9, 2025.
“Collectively, these landmark transactions firmly establish the Lagos-Calabar Coastal Highway as one of the defining flagship projects of President Bola Tinubu’s Renewed Hope agenda, embodying the administration’s commitment to bold, transformational infrastructure.
“This financing is particularly notable as it represents, for the first time, a truly underwritten transaction of this magnitude for a Nigerian road infrastructure project. The facility was fully underwritten by First Abu Dhabi Bank ($626 million) and Afreximbank ($500 million), with partial coverage provided by ICIEC, making it the largest ICIEC-supported transaction since the institution’s creation,” Mr Edun said.
Construction is being executed by Hitech Construction Company Limited, whose rapid on-site progress and early opening of key road sections have earned commendation from lenders for engineering excellence, operational discipline, and execution speed.
In line with the federal government’s commitment to transparency and fiscal discipline, a comprehensive Value-for-Money (VfM) assessment was conducted by the Federal Ministry of Works in coordination with SkyKapital, and the assessment was independently reviewed and confirmed by GIBB.
The successful close of Phase 1, Section 2, represents a clear step-change in market confidence. It demonstrates Nigeria’s ability to move decisively from vision to execution and from reform to delivery.
By Adedapo Adesanya
The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, has commended the Nigerian National Petroleum Company (NNPC) Limited and its partners for the rapid pace and completion of the mainline welding and associated works of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline ahead of schedule.
The Minister made the remark during a recent inspection of Kilometre Zero of the landmark pipeline project, accompanied by the chief executive officer of the Nigerian state oil company, Mr Bashir Bayo Ojulari, Executive Vice President (Gas, Power, and New Energy) Mr Olalekan Ogunleye, and the managing director of Ajaokuta Steel Company Limited, Mr Nasir Abdulsalam.
“Completing the AKK Mainline ahead of schedule demonstrates the resilience, professionalism, and commitment of the project team,” Mr Ekpo said, describing the milestone as a clear reflection of the Federal Government’s renewed focus on energy infrastructure under President Bola Tinubu’s Renewed Hope Agenda.
The Minister noted that the AKK Gas Pipeline is a strategic national infrastructure poised to drive economic growth across Northern States by supplying natural gas for power generation, supporting gas-based industries, and advancing Compressed Natural Gas (CNG) initiatives.
“This project will enhance industrialisation, create jobs, and strengthen energy security, ushering in a new era of economic opportunities for Nigerians,” he added.
Mr Ekpo concluded by urging all stakeholders to maintain momentum, noting that the AKK Pipeline’s operationalisation will catalyze industrialisation, employment, and inclusive economic growth, aligning with the Federal Government’s broader strategic vision.
Speaking at the site, Mr Ojulari linked the project to tangible national development, highlighting Nigeria’s industrial heritage while projecting a resurgence driven by gas as a transition fuel.
“The AKK Pipeline reflects our commitment to timely project delivery and its strategic importance to national industrialisation and economic security,” he stated.
The inspection tour, according to him, further reinforced the Federal Government and NNPCL’s pledge to ensure the AKK Pipeline’s timely completion, which remains critical to expanding energy access, boosting industrial growth, and supporting shared prosperity across the country.
The Minister and the NNPC management team commended the project workforce for their dedication, emphasizing the role of discipline, collaboration, and technical excellence in achieving the early completion of this landmark project.
The AKK Gas Pipeline, spanning over 614 kilometers, is designed to deliver natural gas to power plants, industries, and CNG facilities, providing a major boost to Nigeria’s energy infrastructure and positioning the country as a regional energy hub.
By Adedapo Adesanya
Nigeria’s Ministry of Foreign Affairs has confirmed that the latest United States airstrikes on Islamic State West African Province (ISWAP) targets in northwest Nigeria were conducted at the request of the Nigerian government.
According to reports, the US struck at ISWAP targets in Jabo, Sokoto State, on Christmas night.
The ministry described the operation as a product of established counterterrorism cooperation between both countries.
In a press statement issued on Friday, the Ministry said the strikes were “undertaken following formal engagement and with the full knowledge and coordination of the Government of the Federal Republic of Nigeria.”
“The Government of Nigeria wishes to clarify that the airstrikes conducted by the United States against Islamic State elements in parts of northwest Nigeria were carried out at the request of Nigerian authorities and in line with existing bilateral security cooperation frameworks,” the statement said.
The Ministry stressed that Nigeria “remains firmly in control of all counterterrorism operations within its sovereign territory,” adding that international partners only provide support “where such assistance aligns with Nigeria’s national security objectives.”
According to the statement, the strikes form part of Nigeria’s broader strategy to “degrade terrorist capabilities, disrupt logistics networks, and protect civilian populations from violent extremist threats.”
The Foreign Ministry further emphasised that the federal government “will continue to work with trusted international partners to confront terrorism, banditry, and transnational criminal networks that threaten national and regional stability.”
Reacting to concerns around sovereignty, the Ministry said:
“At no time was Nigeria’s sovereignty compromised. All actions were conducted with due respect for Nigeria’s laws, institutions, and command structures.”
The statement also cautioned against mischaracterising Nigeria’s security challenges, noting that extremist violence “has affected communities across religious and ethnic lines and should not be framed in sectarian terms.”
Nigeria reaffirmed its commitment to a multi-layered response combining military operations, intelligence sharing, community engagement, and socio-economic interventions, adding that counterterrorism efforts remain focused on protecting lives and restoring stability.
The US Africa Command (AFRICOM) said the strikes were carried out in Sokoto State and that multiple militants were killed.
US President Donald Trump described the strikes as “powerful and deadly,” saying they were directed at Islamic State militants responsible for violent attacks on Christians in Nigeria.
The Nigerian government has clearly denied that only Christians are affected by the killings, saying the terror spread across all faiths.
Meanwhile, US Defence Secretary Pete Hegseth has warned that “more to come” as part of sustained efforts against extremist groups.
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