General
Ekweremadu, Ikpeazu Honour Journalists In Lagos
By Dipo Olowookere
Memories of the Nigerian Breweries Golden Pen Awards, which took place in Lagos at the weekend, will linger on for a long time in the minds of journalists at the occasion.
The awards ceremony was truly theirs as Nigerian Breweries spared nothing to ensure pen-pushers in the country were treated with honour and like kings they truly are.
Gentlemen of the press from across the country and several media houses were present at the event as well as those on the corridors of power in Nigeria, including the Deputy Senate President, Mr Ike Ekweremadu, Governor Okezie Ikpeazu of Abia State, among others.
Entries were received from journalists on Education, Youth Empowerment and Talent Development in 2015.
The award which is the 8th in the series is aimed at promoting professionalism and objective reportage of events in Nigeria. It is also meant to reward such journalists who abide by the fine ethics of the journalism profession.
The night of glitz and glamour saw Tobi Aworinde of The Punch Newspaper emerge as the NB Golden Pen Reporter of the Year. The first runner-up was Gbenga Salau of The Guardian Newspaper, while Charles Abah, also of The Punch emerged as the second runner-up.
The Photo Journalist of the Year award went to Sodiq Adelakun of The Punch Newspaper. Odutayo Odusanya also of The Punch emerged as the first runner-up, while Ayodele Ojo of The Sun Newspaper was the second runner-up. Gabriel Dike, an education reporter with The Sun Newspaper won the ‘NB Report of the Year’.
All the winning journalists also got cash prizes and high-end mobile devices as part of the reward package.
While welcoming guests at the event, the Managing Director, Nigerian Breweries Plc., Mr Nicolaas Vervelde, disclosed that the award was launched eight years ago to promote professionalism and objectivity of media reports. He explained that the choice of Education, Youth Empowerment and Talent Development as the focus of this year’s edition, like in the last two years, is hinged on the fact that no country can lay claim to development and prosperity without adequate attention to the education and empowerment of the youth.
Deputy Senate President, Mr Ike Ekweremadu, praised Nigerian Breweries for sustaining the award over eight years and saluted the courage of journalists for their contribution to the nation’s development. He appealed to the media to continue to be the watchdog and gatekeeper of the nation’s democracy.
Mr John Momoh, Chairman/CEO, Channels Television, guest speaker at the event, called for soul-searching by the media and extolled them to bridge the gap between training and practice.
Dr Yemi Ogunbiyi, Managing Director of Tanus Communications and Chairman of the Panel of Judges commended Nigerian Breweries for the initiative and enjoined journalists to aspire to the highest standards
Mr Kufre Ekanem, Corporate Affairs Adviser, Nigerian Breweries Plc, disclosed that a total of 267 entries were received when submission closed for the award. He explained that the award criteria of quality, professionalism and objectivity remain the filters upon which entries were shortlisted for the award, as decided by the independent judging panel.
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.”
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.
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.”
