General
Family, Friends Launch Olaolu Mudasiru Foundation
By Modupe Gbadeyanka
Some family members and associates of the late co-founder of Vetiva Capital Management, Mr Olaolu Mudasiru, fondly called Dr Bob, have launched a foundation to uphold his legacy by supporting educational initiatives, nurturing entrepreneurship, advancing cycling, promoting arts, and wellness, and fostering societal growth.
The independent and non-profit organisation, known as Olaolu Mudasiru Foundation, was unveiled in Lagos on Sunday, July 14, 2024, to empower Nigerians through education, entrepreneurship, and the arts.
Activities of the group, according to a statement, will be guided by a board of trustees comprising 11 family members, experts and thought leaders across various industries in the country to be chaired by Mr Ohis Ohiwerei, with Damilola Ajayi as the secretary.
Business Post reports that other members of the board include Zafirah Mudasiru, Olusola Mudasiru, Wale Agbeyangi, Dr Ladi Bada, AVM Lawal Alao (Rtd.), Yemi Fagbenro, Tokunboh George-Taylor, Yemisi Deji-Bejide, and Chuka Eseka.
The foundation will empower individuals and underserved communities to achieve their fullest potential in these crucial sectors through strategic partnerships, mentorship programs, and grassroots initiatives.
“We are honoured to launch this foundation in memory of Dr Olaolu Mudasiru, a man whose life was dedicated to nurturing and improving lives.
“Our goal is to build on his legacy by providing the tools and resources necessary for Nigerians to excel in education, entrepreneurship, and the arts.
“We believe that through these efforts, we can create a ripple effect that will transform communities and drive sustainable development across the nation,” Mr Ohiwerei, stated.
“Dr Mudasiru’s vision for a thriving Nigeria, centred on empowering individuals and underserved communities, is the driving force behind our mission.
“We are confident that by supporting education, entrepreneurship, and the arts, we can unlock the immense potential within our communities and propel Nigeria towards a brighter future,” Ajayi noted.
Mr Mudasiru was an investment banker with extensive experience covering securities trading and asset management, amongst others.
He was a member of the London Stock Exchange and a member of the Chartered Institute of Stockbrokers, Nigeria as well as a member of the Medical and Dental Council of Nigeria.
He embraced life with passion, cherishing the arts, exploring the world, and pursuing his love for cycling with boundless energy and discipline.
General
Nigeria Eyes Stronger Diplomatic Ties in Sustainable Development
By Adedapo Adesanya
Nigeria is eyeing stronger diplomatic and strategic ties when it comes to sustainable development as it participates in the 2026 edition of Abu Dhabi Sustainability Week (ADSW).
President Bola Tinubu arrived in Abu Dhabi, United Arab Emirates (UAE), on Sunday. His plane landed at the Presidential Wing of Zayed International Airport at exactly 11:30 pm local time.
He was received by Sheikh Shakhboot Nahyan Al Nahyan, UAE Minister of State for Foreign Affairs; the UAE Ambassador to Nigeria, Salem Saeed Al-Shamsi; Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar; and members of the Nigerian diplomatic mission in Abu Dhabi.
Several other ministers, including the Minister of Budget and Planning, Mr Atiku Bagudu; the Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole; and the Director-General of the National Intelligence Agency, Mr Mohammed Mohammed, welcomed President Tinubu at his hotel.
President Tinubu arrived in Abu Dhabi from Europe, where he spent part of his end-of-year break, engaging in fruitful discussions with Rwandan President Paul Kagame and French President Emmanuel Macron, according to a statement by the presidency.
The 2026 Abu Dhabi Sustainability Week, with the theme The Nexus of Next, All Systems Go, is a global platform that brings together world leaders, policymakers, investors, and experts to advance dialogue and action on sustainable development, climate action, energy transition, and inclusive economic growth.
This visit further reinforces the strong diplomatic and economic ties between Nigeria and the United Arab Emirates (UAE), while positioning Nigeria as an active contributor to global conversations on sustainable development.
General
SERAP in Court to Force INEC to Account for N55.9bn for 2019 Elections
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.
General
Finance Ministry Directs Shippers, Airlines to Submit Manifests via Single Window Project
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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