General
Ambode Promises Review Of Retired Perm Secs Pension
By Dipo Olowookere
Lagos State Governor, Mr Akinwunmi Ambode, on Tuesday said his administration would initiate a process of an upward review of pension of retired Permanent Secretaries in the state, just as he expressed the readiness of the state government to commence massive training of civil servants starting from 2017.
Governor Ambode, who spoke at Lagos House in Alausa, Ikeja when he received the report of the 2016 Summit of Association of Lagos State Retired Heads of Service and Permanent Secretaries, said the decision to review the pension was borne out of the need to reward appropriately those who have served the State meritoriously for several years.
While alluding to the years of experience of the retired Permanent Secretaries, the Governor said his administration would tap into the wealth of experience of the members of the association and use it to help the civil service and also develop the State.
He said: “We will collaborate together more vigorously and tap into your wealth of knowledge. We want to start this with our massive plan starting from next year for capacity building for the largest civil service in Nigeria, the Lagos Civil service. We will also use it as part of our own development plan and imbibe this knowledge into the existing public service.”
Speaking on the review of pension of members of the association, Mr Ambode said the struggle for dignity of labour for civil servants had been on for a while, but that it was time for it to be actualized.
According to the Governor, “We are going to look at the pension of Permanent Secretaries positively because the whole essence is that if people retire at that level, and those coming behind us, there must be dignity in labour and then there must be some sense of fulfilment.
“That is why we must reward glowingly those who have served the State meritoriously. When we go out and see all the beautiful things in Lagos, we must realize that some people actually built those things and this is the time to celebrate and reward them,” he said.
He said over the past fifty years, Lagos had distinguished itself as the only State that has continually progressed in a manner that anybody would be proud of, adding that the progress was largely attributable to civil servants both retired and the present ones, who he described as the best in the country.
“What people don’t understand is that there is a culture of excellence in the civil service; there is a culture of resilience; there is a culture of capacity building which cannot be seen in the textbooks.
“There is also a culture of tenacity in which you have all that it takes to bring out your competences, your capacities and characters. That is what this association personifies and today, whatever it is that we have done in terms of public sector reforms is never enough because the whole essence of governance is to give back to the people the real quality service delivery that the civil service stands for,” he said.
Besides, Governor Ambode said it was a thing of pride that a member of the association is now the Governor of the State, which is a also a pride to the civil service, adding that all necessary support would be given to the association to further contribute to the development of the State.
Earlier, leader of the delegation and first Vice President of the association, Mr Mohammed Ajibola Olagbeyi commended Governor Ambode for his various developmental initiatives in the State, and support for the association.
While reeling out some of the recommendations in the report of the 2016 Summit of the association, Mr Olagbeyi said the group was satisfied with the utilization of the Security Trust Fund, while it was recommended that Bi-annual security summit should be held at the Local Government level.
He said the association recommended the Inspectorate Department at Ministry of Local Government to ensure proper monitoring of Local Government to achieve targets, as well as the re-establishment of the Teaching Service Commission.
The association further recommended the reintroduction of primary health care activities and establishment of blood banks in all hospitals; strengthening of intermodal transport system, and review and harmonization of all environmental laws.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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