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Afreximbank President Benedict Oramah Wins Zik Prize in Leadership

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Benedict Oramah

By Adedapo Adesanya

The President of the African Export-Import Bank (Afreximbank), Mr Benedict Oramah, has been awarded the 2021/22 Zik Prize in Professional Leadership by the Public Policy Research and Analysis Centre (PPRAC).

In a citation, Professor Pat Utomi, Head of the PPRAC Zik Prize Selection Committee, said that Mr Oramah is being recognised for his remarkable piloting of Africa’s premier multilateral financial institution to deliver on its mandate of boosting economic expansion in Africa, by financing and promoting intra- and extra-African trade and accelerating industrialisation.

“A key promoter of the AfCFTA as Africa’s pathway to industrialisation, he championed the introduction of a Pan-African Payment and Settlement System that was adopted by the African Union as the payment and settlement platform to underpin the implementation of the AfCFTA.

“He has also led the onboarding of 500 of the continent’s 600 regulated commercial banks into its Afreximbank Trade Finance Facility, placing it in the vortex of the most extensive bank messaging network on the continent,” Professor Utomi said.

“The scale of the Bank’s intervention in support of African countries at times of global crisis is unprecedented,” he said, adding, “It introduced, in year 2020, the Pandemic Trade Impact Mitigation Facility, with disbursed funds at more than $7 billion, and, in year 2022, the Ukraine Crisis Adjustment Trade Financing Programme for Africa, a $4 billion programme of credit facilities to manage the impacts of the Ukraine crisis on African economies and businesses,” he continued.

Speaking after receiving the award, Mr Oramah said that he cherished the honour bestowed on him because he valued the principles, philosophy and values of Dr Azikiwe who lived an extraordinarily exemplary life.

“Dr Azikiwe and his colleagues fought tirelessly, with courage, intellect, and determination for the independence and political emancipation of our continent.”

“What they did was just the beginning of the journey. The true emancipation will occur when we attain economic independence. As a leader of one of the continent’s key institutions created to help deliver development, I’m mindful of the role that we play,” he added.

Also honoured at the ceremony were Zambian President Mr Hakainde Hichilema as the winner of the Zik Prize in Political Leadership. Governor Godwin Obaseki of Edo State, Nigeria, who received the Zik Prize in Good Governance; Mr Taiwo Afolabi, Chairman of SIFAX Group, awarded the Zik Prize in Entrepreneurial Leadership; and Mrs Aisha Atiku Baguda, who was honoured with the Zik Prize in Humanitarian Leadership.

Past recipients have included notable leaders like President Jerry Rawlings of Ghana, President Nwalimu Julius Nyerere of Zambia, former OAU Secretary General Dr Salim Ahmed Salim, President Sam Nujoma of Namibia, President Nelson Mandela of South Africa and President Yoweri Museveni of Uganda.

The Leadership Awards were instituted in 1995 in honour of the late Dr Nnamdi Azikiwe, the first President of Nigeria, to recognise and encourage outstanding leadership on the African continent and in the African Diaspora. It was not held in 2022 as a mark of respect to the passing of two members of the Advisory Board, Prince Emeka Obasi and Professor George Obiozor.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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SERAP in Court to Force INEC to Account for N55.9bn for 2019 Elections

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serap inec

By Modupe Gbadeyanka

The failure of the Independent National Electoral Commission (INEC) to account for about N55.9 billion earmarked for the purchase of some materials for the 2019 general elections has forced the Socio-Economic Rights and Accountability Project (SERAP) to file a lawsuit against the commission.

In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP asked the court for an order of mandamus to compel INEC to disclose the names of all contractors paid the sum of money.

It was claimed that the N55.9 billion was meant for the purchase of smart card readers, ballot papers, result sheets and other election materials for the 2019 general elections, which produced the late Mr Muhammadu Buhari as President for a second term in office.

SERAP is relying on the latest annual report published by the Auditor-General on September 9, 2025, to ask for the use of the funds, which is said to be missing or diverted.

The organisation argued that the electoral umpire “must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”

“INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered,” a part of the statement issued by the group stated.

“INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.

“These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law,” it further declared.

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Finance Ministry Directs Shippers, Airlines to Submit Manifests via Single Window Project

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NLNG Shipping Arm

By Adedapo Adesanya

The Ministry of Finance has directed all shipping companies and airlines operating in Nigeria to submit their manifests through the Single Window Project (SWP) as part of efforts to strengthen cargo tracking and transparency.

The submission of shipping manifests before the change of policy was handled exclusively by the Nigeria Customs Service (NCS) for onward cargo processing and port clearance.

However, following a memo from late last year signed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, all shipping firms and airlines were directed to integrate with the National Single Window platform to ensure seamless Manifests submission.

“I would like to bring to your attention that His Excellency, President Bola Ahmed Tinubu inaugurated the National Single Window (NSW) Project on the 16th of April 2024.

The NSW Project aims to streamline and automate import and export processes at Nigeria’s entry & exit ports, with the dual goals of enhancing trade facilitation and increasing government revenue.

“By integrating the operations of multiple government agencies involved in trade processes on one platform, the NSW platform will ensure faster clearance of goods and services, improve operational efficiencies at the imports and significantly reduce bureaucratic bottlenecks.

“Key components of the Single Window as defined by the World Trade Organisation (WTO) and World Customs Organisation (WCO) include: (a) a single-entry point i.e. traders, shipping lines, airlines and other stakeholders should submit all required import and export documentation through a single-entry point on a centralized digital platform, and (b) single submission i.e. all documentation should only be submitted once and data only entered once.

“As a result, the NSW Platform will be the single-entry point of submission for all Sea and Air Manifests. Therefore, all shipping lines and airlines are therefore directed to integrate with the NSW Platform to ensure seamless Manifests submission,” parts of the memo read.

The Comptroller-General of the NCS, the chairman of the Nigerian Revenue Service (NRS), the Managing Director of the Nigerian Ports Authority (NPA), the Managing Director of the Federal Airports Authority of Nigeria (FAAN) and the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) were copied in the memo.

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Dangote Drags ex-NMDPRA Boss Farouk Ahmed to EFCC

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Dangote and Farouk

By Aduragbemi Omiyale

The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).

The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.

The petition led to the resignation of the former NMDPRA chief from office last month.

It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.

The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.

 In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”

He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”

“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.

Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.

According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.

Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.

Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.

“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.

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