General
2019: Aidoko Woos Kogi East PDP Chieftains With Gifts
By Dipo Olowookere
Barring any unforeseen circumstances, all the nine divisional chairmen and secretaries of Kogi East Peoples Democratic Party (PDP) will be smiling home with their cars courtesy of a deal being worked out for them to endorse Senator Attai Aidoko, a senatorial aspirant under the PDP as the sole candidate.
Mr Aidoko, who is currently representing the senatorial district in the red chamber, became desperate after his concerted efforts and pleas at the national secretariat to get an automatic ticket hit the rocks last night.
The election of the party’s senatorial candidate is expected to be by a minimum of 1000 delegates and one wonders what such an induced endorsement, if it falls through, will achieve.
Meanwhile, youths in Kogi East Senatorial District have rejected the re-election of Senator Aidoko as the 2019 general elections approach.
Speaking on behalf of the youths in the zone, Mr Idris Achimi, condemned the social media propagandists, who he said spin lies and launder the image of Mr Aidoko for political make over for 2019.
“Their propaganda reflects a depressed and despondent, sad, confused, and a lost generation of youths. We don’t know what we want, where we are coming from, and where we are headed.
“The Igala youths of today have failed to differentiate between their political enemies and political saviours. Our propaganda is full of illuminated sadness and intellectual poverty,” Mr Achimi said.
According to him, Mr Aidoko is the longest-serving federal lawmaker from Kogi East, but ironically, “the worst amongst all, as he has serially failed us in terms of good legislation, provision of amenities through constituency projects and youth empowerment.
Mr Aidoko should be told the naked truth. He must be told that the seat of Kogi East doesn’t belong to his family neither any godfather,” they said.
He further revealed that Senator Aidoko has spent 12 years both in lower and upper chambers of the National Assembly without anything to show for it, adding that it was under his watch that Ibaji oil wells were ceded to Anambra State.
“Senator Aidoko has provided poor representation, starting from his days in the House of Representatives, where he represented Ankpa/Omala/Olamaboro Federal Constituency from 2003 to 2011 and served as Chairman, House Committee on Federal Capital Territory, and later as Chairman, Senate Committee on SEGS.
“As a Senator, he can’t point at one single thing as achievement that we can call his Constituency project.
“He is only after his personal interest and that of his godfather which is not good for our people in need of development. In fact, Aidoko is a liability on the good people of Kogi East and he has no political relevance in both the region and at the national level,” Mr Achimi stated.
The youths noted that Senator Aidoko hails from Ugbamaka-Igah in Olamaboro Local government and that as the Chairman, Senate Committee on Sustainable Development Goals (SDGs) there is “no project that has come to our land but other senators buy contracts from Senator Aidoko for the interest of their constituencies and he converts the proceeds into buying exotic cars for personal use amid the untold suffering of our people.”
Senator Aidoko, they explained, is not in any way familiar with the saying that ‘charity begins at home,’ while stressing that his people have no water, no electricity, no telephone network, no schools, no single bank neither common ATM in the entire Olamaboro and “of course, no proper health care system yet, we have someone at the senate representing us.
“Aidoko that we know always visit Igala land at night and sneaks out before the crack of dawn.”
“We can’t continue to wallow in this politics of stagnation where some wicked few individuals will gather together to oppose everything that is good for our land.
“Our region has suffered so much neglect despite the facts that we have several opportunities to develop, but we have been suffering so much neglect because of the attitude of some of our leaders.
“The brains of those supporting Senator Aidoko’s 3rd term are notoriously more receptive to short-term rewards.
“People without education are like weapons without bullets because they lack education and political consciousness, they can’t choose and seek their interests.
“They can’t choose their ways and directions of life. They can’t set goals for themselves and strive to achieve them. They can’t propel themselves in the right, proper, and straight direction,” he said.
The youths stressed that in 2019 ‘by God’s grace,’ Kogi East must decide their future.
“Our people must stop living like strangers and refugees in their own land. 2019 is another opportunity that we must shake off our restrained spirit of compromise and conformity.
“We must refuse and reject immediate gratification of stomach infrastructure that will prolong our suffering and servitude.
“Kogi youths must be ready to liberate themselves from the compassion, complacency, and solidarity with their oppressors.
“In 2019, we must have the right and power to end our decades of suffering by keeping our PVCs intact to vote out Senator Aidoko and all our leaders that have failed us out of office for a fresh leadership,” they said.
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.
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.
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.”
