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Court Grants Fani-Kayode N50m Bail

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By Dipo Olowookere

Former spokesman of the President Goodluck Jonathan Campaign Organisation, Mr Femi Fani-Kayode, has been granted bail by a Federal High Court.

Mr Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge bordering on money laundering to the tune of N26 million.

He was arrested at the premises of a high court in Lagos last month, where he is facing a 17-count charge of money laundering ‎to the tune of N4.9 billion and then taken to Abuja by the EFCC.

However, the Osun State-born politician was granted bail on Thursday by Justice James Tsoho of the Federal High Court sitting in Abuja.

In his judgement, Justice Tsoho held that Mr Fani-Kayode should pay a bail of N50 million and also provide a surety in like sum.

The judge later ruled that the suspect be remanded in prison until he perfects his bail condition.

December 14, 2016, has been fixed by the judge for the commencement of trial.

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]

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Nigeria to Benefit from $50m World Bank Solar Agric Project

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World Bank Solar Agric Project

By Adedapo Adesanya

The World Bank has approved $50 million for a solar agricultural expansion project in Nigeria and five other African countries.

The country will benefit from the programme under Productive Use Financing Facility (PUFF), a financial initiative backed by the World Bank and the African Development Bank (AfDB) designed to accelerate the adoption of solar-powered equipment in Sub-Saharan Africa.

PUFF operating under Mission 300, a flagship programme backed by the World Bank and AfDB, which aims to mobilise tens of billions of Dollars to provide electricity access to 300 million Africans by 2030.

The expansion of PUFF-backed solutions is expected to have significant implications for Nigeria’s agricultural value chain, particularly in tackling post-harvest losses driven by inadequate storage, unreliable electricity, and limited access to modern processing tools.

The project disclosed through programme updates involving the World Bank and its partners, including the Rockefeller Foundation, will boost productivity, cut post-harvest losses, and expand clean energy access.

The funding will support the deployment of solar-powered cold rooms, refrigerators, water pumps, and grain mills across Kenya, Nigeria, Ethiopia, Sierra Leone, Uganda, and the Democratic Republic of Congo, with implementation led by Clasp, a Washington DC-based non-profit organisation focused on energy efficiency and clean energy access.

The World Bank-backed initiative has attracted strong backing from development partners, with officials indicating that the programme could expand further as country-level implementation gathers pace.

The Rockefeller Foundation, which has already committed $12 million to the scheme, has signalled that additional resources may be deployed over time.

“There is always the ability to scale that up,” the President of the Rockefeller Foundation, Mr Rajiv Shah, said on January 15 during a visit to a solar-powered cold storage facility operated by SokoFresh in Nairobi.

“There’ll be more resources country by country as well,” Mr Shah added.

“We finance the innovations, the new projects and the new ideas that governments, the World Bank and others can then take to scale,” he said during a separate visit to a farm facility using solar-powered cold rooms for export-bound produce.

Sub-Saharan Africa remains the epicentre of global energy poverty, accounting for more than 80 per cent of the world’s population without access to electricity.

An estimated 600 million people in the region still live without reliable power, a gap that continues to constrain economic growth and limit productivity for farmers and small businesses.

PUFF is designed to bridge the affordability gap by providing grants, subsidies, and technical assistance to suppliers and distributors of solar-powered equipment.

The programme focuses on enabling these suppliers to reach rural and off-grid communities that are typically excluded from conventional financing.

Between 2022 and 2024, PUFF completed a two-year pilot phase, supporting 24 businesses across the six participating countries.

With the pilot phase completed, the programme is now transitioning into full-scale deployment, backed by fresh World Bank financing and philanthropic capital.

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Ekiti Expresses Readiness for Special Agro-Industrial Processing Zones

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By Adedapo Adesanya

The federal government has selected Ekiti State to participate in a Special Agro-Industrial Processing Zones (SAPZ) Phase Two Programme, an initiative supported by the African Development Bank (AfDB).

According to the Commissioner for Information in Ekiti State, Mr Taiwo Olatunbosun, the state’s inclusion in SAPZ Phase Two “is a clear acknowledgement of the government’s sustained efforts to reposition agriculture as a key driver of industrialisation, employment generation, and sustainable economic growth.”

“This programme will significantly enhance value addition, attract private sector investment, and improve livelihoods across Ekiti State,” he said.

He noted that the benefits of the SAPZ Programme would be far-reaching, with thousands of jobs expected to be created for young people, particularly in agro-processing and related industries.

The commissioner added that small and medium enterprises (SMEs) would also gain from strengthened value chains and improved access to new markets, thereby boosting their growth and contribution to the State’s economy.

“This initiative is not just about agriculture; it is about empowering our people especially our youth and SMEs to build sustainable livelihoods, improve food security, and drive Ekiti’s economic future,” he said.

“The state government is fully prepared to ensure the timely and effective implementation of the programme with the execution of Subsidiary Loan Agreements, establishment of a State Implementation Unit, compliance with environmental and social safeguards, such as compensation of Project Affected Persons at the Agro-Industrial Hub in Itapaji, as well as the opening of dedicated project accounts and preparation of procurement plans and annual work programmes.”

Mr Olatunbosun also disclosed that the SAPZ National Coordination Office has indicated plans to organize an onboarding workshop to provide technical guidance and support to participating states ahead of full implementation.

He reaffirmed Ekiti state’s readiness to collaborate closely with the Federal Government, development partners, relevant ministries, departments and agencies and the private sector to ensure the successful delivery of the SAPZ phase two programme.

The commissioner concluded that the programme aligns with Ekiti State’s broader vision of enhancing food security, strengthening agricultural value chains, and creating sustainable economic opportunities for its people, adding that the state remains committed to leveraging the initiative to drive inclusive growth and long-term prosperity.

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Alkali Tasks Onne Customs Officers on Professional Ethics

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Onne Customs Officers Professional Ethics

By Bon Peters

The Customs Area Controller of Port Harcourt 11 Command, Onne Port Harcourt Rivers State, Comptroller Aliyu Mohammed Alkali, has emphasized the importance of maintaining a positive attitude and professional conduct among officers in the discharge of their legitimate duties.

Speaking on Wednesday at a Reputation Management Cascade Training at Area 11 Command, the Onne customs chief stressed the importance of discipline and professionalism in the Nigeria Customs Service (NCS).

He emphasised that every employee of the agency is an ambassador of the NCS and has a role to play in shaping its reputation.

“Reputation management training is designed to equip the officers and men with a right attitude and professional ethical conduct that will portray the Nigeria Customs Service in a good light in the discharge of their duties.

“Our image is shaped daily by our actions, decisions and interactions with the public and the stakeholders,” he stated, reiterating that the knowledge gained from the engagement will enhance professionalism, ethical conduct and public trust amongst the officers and men.

He tasked them to take the training seriously, insisting that the knowledge gained will reinforce the service commitment, integrity, accountability and service excellence.

The training featured presentations from resource persons serving in the command such as Deputy Comptroller of Customs Abbas Oladepo, Chief Superintendent of Customs Dennis Gotar, and Chief Superintendent of Customs Akinwale Fatoki.

The facilitators spoke about modules drawn from the Nigeria Customs Service’s Reputation Management Guide and the Service’s Golden 7 Cs.

There was a question and answer section as participants were engaged actively and provided feedback by stating their key takeaways.

The training received positive reviews, with participants acknowledging its relevance to their roles.

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