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Airtel Hands Over Sustainability Learning Facility to Green Fingers

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Sustainability Learning Facility

By Modupe Gbadeyanka

A newly constructed sustainability learning facility has been handed over to Green Fingers Initiative, a beneficiary of the 7th season of the Airtel Touching Lives corporate philanthropy programme.

The facility was presented to the organisation by the leading telecommunications service provider on June 11, 2024, in Lagos as part of activities to mark this year’s World Environment Day.

Recall that in celebration of this year’s World Environment Day themed Land Restoration Desertification and Drought Resilience, Airtel Nigeria had earlier hosted an enlightening session for its employees, with a focus on strategies to combat plastic pollution.

The chief executive of Airtel Nigeria, Mr Carl Cruz, while presenting the project to Green Fingers, stated that the facility embodies the telecom giant’s belief and commitment to sustainability practices, expressing confidence in the positive impact of the company’s support for Green Fingers Foundation on global environmental protection objectives.

“Airtel’s donation to the Green Fingers initiative is a demonstration of our dedication to nurturing youth, the young minds and encouraging innovative solutions to environmental challenges.

“Through the sustainability facility, we hope to drive positive change and foster a sustainable future for all of us, most especially for the future of the world,” he said.

Mr Cruz also encouraged members and students of Green Fingers Conservation Learning Centre to put the new facility into productive use.

“We firmly believe that by equipping our youth with the knowledge and skills to manage waste effectively, we are investing in a brighter and cleaner future for Nigeria and the world at large, and we believe that the Green Fingers team and students benefitting from the project will put the facility to good use,” he stated.

In his remarks, the founder of Green Fingers Initiative, Mr Chinedu Mogbo, expressed gratitude to Airtel, describing the support as an advancement for the ongoing effort to educate youths on environmental issues.

“At Green Fingers Initiative, we teach youths about climate and our immediate environment. It has been our tradition over the years to recycle plastic in creative ways, bringing it down to the level of young people working to be actively involved in raising their voices for a cleaner and safer environment.

“Having this new learning facility, students can now effectively learn more about climate and other environmental issues that affect our everyday lives within a more comfortable space,” he said.

Following Green Fingers’ mission to promote awareness of sustainable practices, the sustainability facility constructed by Airtel Nigeria will serve as a hub for learning, enabling children to engage and understand the importance of recycling, waste management and the circular economy.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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EFCC Admits Freezing Osun Bank Account, Alleges N11bn Embezzlement

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EFCC Real Estate Agents

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.”

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NMDPRA Launches App to Track Fuel Consumption Across Filling Stations

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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.

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Onafriq, Privy to Build Regulated Stablecoin Infrastructure for B2Bs

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Onafriq Privy

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.”

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