General
Abia and the December Local Government Election
By Okechukwu Keshi Ukegbu
The local government, which is referred to as the third tier of government in Nigeria, may be defined as the lowest level of government in a country established by law to ensure the effective and efficient administration of the localities or rural areas.
The United Nations Department of Public Administration defines the local government as the political sub-division of a country which is designed by law and has substantial control of local affairs including the power to impose levies and exact labour for prescribed purposes.
The local government is an indispensable unit of the federation. It is the tier of government nearest to the people. Part II, section 7 (1) of the 1999 Constitution of the Federal Republic of Nigeria (as amended 2011) guarantees that the government state shall ensure the existence of local government under a law which provides for the establishment, structure, composition, finance and functions of such councils.
The local government is created to bring government nearer to the people; serve as the medium to articulate and promote local interest; act as the instrument for political education; and promotion of rural development. Others are to mobilise and harness local resources, and to serve as a link between the rural dwellers and other tiers of the government.
It will be recalled that there a time for more than half of a decade in Abia State, the local government elections were not been held in Abia State. The local government system was operated under a caretaker arrangement.
While this attracted barrage of criticisms in the past, it seriously hampered the progress and development of the local government areas in the state.
But fortunately, the narrative has changed as Abia is about to conduct the second local government election under Governor Okezie Ikpeazu’s administration.
The Abia State Independent Election Commission (ABSIEC) recently fixed elections for chairmanship and councillorship positions in all the 17 local government councils and 292 ABSIEC wards in the state for December 18, 2020.
This is cheering news for all Abians despite their political divide. The commission has also issued a timetable for the poll.
Abians across the 17 local government areas are viewing the action beyond the exercise of the powers conferred on the commission by Part 11, Third Schedule, Section 4, sub-section (a) and (b) of the 1999 Constitution of the Federal Republic of Nigeria and pursuant to the Fifth Schedule, Section 160 of Abia State Local Government Law No. 9 of 2002.
This singular action portrays Governor Ikpeazu as a man whose words are his bond. It portrays him as a man who has departed from the previous ways of doing things and wants to do things differently.
The important roles the local government plays in a system cannot be overemphasised. They are divided into Mandatory, permissive and concurrent. The obligatory roles of the local government are those roles provided by Schedule IV of t Constitution. They are functions which the local government is bound to render to the people because of its knowledge of the local problems.
The obligatory roles include maintenance of rural roads, streets, and drainages; construction and maintenance of motor parks, public conveniences and cemeteries; provision of health facilities such as clinics, dispensaries and maternities.
Others are the disposal of refuse; the building of primary schools; the collection of rates; radio and television licenses; licensing of bicycles, trucks, wheelbarrows; naming of streets, roads and numbering of houses, registration of births, deaths and marriages; establishment and maintenance of recreational facilities; and regulation of outdoor advertisements, movement of domestic animals, shops and kiosks, restaurants and food and liquor renders.
Indeed, it is not out of place to state here that these functions have suffered for lack of democratically elected executives in the local government areas in the state.
Also, Governor Ikpeazu’s developmental strides in urban centres cannot be complete if there are no complementary efforts in rural centres because this is where the bulk of the residents dwell.
No wonder the Mr Ikpeazu’s administration in its bid to close the gap of infrastructural development between rural areas and the cities, is opening rural roads such as Agalaba Ring Road.
The forthcoming local government elections have provided Abians with another window to contribute meaningfully to the development of the state. There is a passionate appeal to shun our differences and embrace this golden opportunity. “There is no tomorrow better than today”!
General
EFCC Admits Freezing Osun Bank Account, Alleges N11bn Embezzlement
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.”
General
NMDPRA Launches App to Track Fuel Consumption Across Filling Stations
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.
General
Onafriq, Privy to Build Regulated Stablecoin Infrastructure for B2Bs
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.”



