General
Finance Minister Kemi Adeosun in NYSC Certificate Forgery Scandal
By Dipo Olowookere
These are not the best of times for Nigeria’s Finance Minister, Mrs Folakemi Adeosun, getting into the news for the wrong reasons in recent times.
The eloquent and brilliant Economist has been accused of forging her National Youth Service Corps (NYSC) certificate to get jobs in Nigeria, including the present one.
According to Premium Times, the former Commissioner for Finance in Ogun State did not participate in the mandatory one-year scheme even after graduating before the age of 30, when she is qualified for an exemption.
Mrs Adeosun graduated from the Polytechnic of East London in 1989, at the age of 22 as Folakemi Oguntomoju and in 1992, the institution changed its name to University of East London with her certificate issued in the new name.
According to her curriculum vitae, Mrs Adeosun was born in March 1967 and having graduated at 22, it was obligatory for Mrs Adeosun to participate in the one-year national service for her to qualify for any job in Nigeria.
Going by the NYSC law, section 13, eligible Nigerians who skipped the service are liable to be sentenced to 12 months imprisonment and/or N2,000 fine.
Section 13 (3) of the law also prescribes three-year jail term or option of N5,000 fine for anyone who contravenes provision of the law.
The report by Premium Times said the Finance Minister parades a purported NYSC exemption certificate, which was issued in September 2009, granting her exemption from the mandatory service on account of age.
Business Post gathered from the report that Mrs Adeosun’s ‘certificate’ is dated September 9, 2009, and was purportedly signed by the former director-general of NYSC, Mr Yusuf Bomoi.
But officials of the NYSC said Mr Bomoi stepped down from the corps in January 2009, and could not have signed any certificate for the agency eight months after. The retired brigadier general passed on in September 2017.
It is important to note that the NYSC certificate is a requirement for government and private sector jobs in Nigeria and the enabling law prescribes punishment for anyone who absconds from the scheme or forges its certificates.
Subsection 4 of Section 13 of the law criminalises giving false information or illegally obtaining the agency’s certificate. It provides for up to three-year jail term for such offenders.
According to Premium Times, upon graduation in 1989, Mrs Adeosun, who studied Applied Economics in the United Kingdom, did not return to Nigeria to serve her fatherland, but pursued fast-paced career in the British public and private sectors.
She first landed a job at British Telecoms, but left after a year to join Goodman Jones, an accounting and investment firm, as audit officer. She served there till 1993.
In 1994, Mrs Adeosun joined London Underground Company as Internal Audit Manager, before switching to Prism Consulting, a finance firm, where she worked between 1996 until 2000.
In 2000, Mrs Adeosun was hired by PricewaterhouseCoopers, where she worked for two years.
When she eventually returned to Nigeria in 2002, Mrs Adeosun still did not deem it necessary to participate in the NYSC scheme. She simply accepted a job offer at a private firm, Chapel Hill Denham.
However, ostensibly concerned that she might run into trouble for skipping the mandatory scheme, Mrs Adeosun, sometime in 2009, procured a fake exemption certificate.
The NYSC does not issue exemption certificate to anyone who, like the minister, graduates before turning 30, top officials of the scheme familiar with the matter said.
Using that fake certificate, Mrs Adeosun went on to clinch high-profile jobs at Quo Vadis Partnerships (managing director), Ogun State Government (commissioner for finance), and Federal Government of Nigeria (minister of finance).
By the provision of Section 12 of the NYSC Act, employers must demand NYSC certificates from prospective employees. The law also mandates employees to present only genuine certificates for that purpose.
Section 12 of the Act reads: “For the purposes of employment anywhere in the Federation and before employment, it shall be the duty of every prospective employer to demand and obtained from any person who claims to have obtained his first degree at the end of the academic year 1973-74 or, as the case may be, at the end of any subsequent academic year the following:-
a. a copy of the Certificate of National Service of such person issued pursuant to section 11 of this Decree
b. a copy of any exemption certificate issued to such person pursuant to section 17 of this Decree
c. such other particulars relevant there to as may be prescribed by or under this Decree.”
A lawyer, Sagir Gezawa, described jobs Mrs Adeosun has had in Nigeria as illegal.
“The combined effect of sections 12 and 13 of the NYSC Act is that it is illegal to hire a person who graduated but failed to make himself or herself available to serve, or falsify any document to the effect that he or she has served or exempted from serving.”
However, without demanding or verifying the veracity of the certificate presented by Mrs Adeosun, two Nigerian companies, the Ogun State Government and the Federal Government of Nigeria employed her at various times.
On becoming Governor of Ogun State in 2011, Mr Ibikunle Amosun nominated her into his cabinet. She proceeded to serve as commissioner of finance for four years.
In November 2015, Mrs Adeosun was sworn in as minister by President Muhammadu Buhari, and assigned the all-important finance ministry, after a supposed security and Senate screening.
The State Security Service, charged with vetting appointees to top government positions, failed to detect that her NYSC certificate was fake.
The Senate, which received the fake certificate as part of the documents Mrs Adeosun submitted for her confirmation hearing, detected the discrepancy, PREMIUM TIMES understands.
But it nonetheless proceeded to clear her for the top office. Those familiar with the matter said the leadership of the National Assembly used that information to blackmail and extort Mrs Adeosun for years.
Premium Times investigated Mrs Adeosun’s so-called NYSC certificate for months, determining eventually that it is fake.
“This one is an Oluwole certificate,” a top official of the corps said after we showed him a copy of the document. “We did not issue it and we could not have issued it.” Oluwole is a location in Nigeria’s commercial capital, Lagos, where fraudsters possess an amazing dexterity in the act of forging all kinds of documents.
Several current and former officials of the scheme told this paper that the NYSC would never issue an exemption certificate to anyone who graduated before age 30 and did not fall into the categories of persons exempted by the corps’ enabling Act.
By that law, there are four categories of Nigerians eligible for exemption certificates. The first are those who graduated after turning 30. The second are holders of national honours. The third are persons who served in the armed forces or the police for up to nine months. The last category are staff of intelligence agencies, or the armed forces.
Therefore, having graduated at 22, and with no record of national honours or service in the intelligence or armed forces, Mrs Adeosun is not qualified for exemption, officials said.
Yet, the so-called exemption certificate she holds gave age as the reason for her exemption.
“This is not the size of our exemption certificate,” another top official of the corps remarked when shown a copy of the minister’s ‘certificate’. “The calligraphy is also different”.
On another day, another staff questioned the genuineness of the ‘certificate’ based on the font of the serial number.
“Look at this, look at this other one, the numbering is different,” the staff said while comparing Mrs Adeosun’s certificate with a genuine one on file.
Mrs Adeosun’s name also failed to pop up during multiple checks of the exemption certificates registers kept by the corps, officials said.
One official, who perused the register recently, noted that the sequence of serial numbers for certificates issued in 2009 did not correspond to that in Mrs Adeosun’s purported certificate.
The signature on the ‘certificate’ is also suspect. As indicated earlier in this report, it was purportedly signed by an official who left the corps eight months before the document was made. One official described that claim as “barefaced lie and total impossibility”.
Premium Times reported Friday how the certificate scandal was turned into a tool for blackmail by a National Assembly cartel that used it to coerce the finance minister to keep releasing funds to the lawmaking arm.
Some federal lawmakers revealed to the paper that the discrepancy was detected by the Senate during the minister’s confirmation hearing. But rather than probe the issue, they turned it into a tool against Mrs Adeosun.
The report linked the certificate scandal to the minister’s excessive, even illegal, funding of the lawmakers, including recently funnelling a N10 billion largesse to that arm of government.
Although several of its officials informally cooperated with our reporters in the course of this investigation, the NYSC leadership declined to respond to our official correspondences.
The newspaper first sent a letter to Director-General Sule Kazaure (brigadier-general) requesting him to help determine the authenticity or otherwise of the minister’s ‘certificate’.
After it received no response for several weeks, a Freedom of Information request was sent on the matter. Weeks after, the journal is still waiting for response.
Insiders say authorities of the corps have been under severe pressure in the past weeks not to respond to inquiries on the matter.
A reporter of the newspaper also requested a reaction from Oluyinka Akintunde, the spokesperson to Mrs Adeosun, who was briefed on the outcome of the investigations. He was yet to send a response to the inquiry.
General
NERC Orders DisCos to Pay 20% Compensation to Affected Band A Customers
By Adedapo Adesanya
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies (DisCos) to pay 20 per cent compensation to eligible Band A customers who were affected by power shortfalls between February and March 2026.
In Directive No. NERC/2026/002, the commission said, generation constraints, which were largely caused by inadequate gas supply and vandalism of gas and transmission infrastructure, prevented DisCos from meeting committed service levels for some Band A feeders.
NERC Mandated that for feeders that supplied less than 18 hours per day, affected Band A feeders will not be downgraded during the covered period, and eligible customers will receive special compensation equal to 20 per cent of approved energy figures for February 2026.
However, for Band A feeders that recorded an average daily supply of between 18 and 20 hours, the existing compensation framework under Addendum No. NERC/2024/003 applies to both Maximum Demand (MD) and Non-Maximum Demand (Non-MD) customers.
MD customers are high-consumption users who typically have their own dedicated transformer and operate with a load of 45 kVA and above; they include large residential estates, banks, hotels, supermarkets, industrial facilities and oil and gas complexes.
Non-MD customers do not have a dedicated transformer and instead share public transformers, and they generally consume less, often below 45–50 kVA.
For Non-MD customers, compensation is set at 20 per cent of the approved February 2026 energy cap applicable to the affected feeder.
For MD customers, compensation is 20 per cent of the average energy billed per MD customer in February 2026.
According to NERC, prepaid customers will receive their compensation as token credits, while postpaid customers will receive bill adjustments.
The commission said that compensation for February must be completed by 31 May 2026, while compensation for March must be completed by 30 June 2026.
The commission prohibited Distribution companies from using compensation credits to offset any existing customer debt, adding that customers must be clearly informed of the value and period of the compensation they receive.
NERC said it will monitor implementation and verify compliance to ensure all eligible customers receive what they are due.
The commission reaffirmed its commitment to protecting electricity consumers while ensuring the stability and sustainability of the electricity market.
General
TCN Confirms Destruction of Six Transmission Towers in Nasarawa
By Adedapo Adesanya
The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.
In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.
She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.
A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.
“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.
The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.
TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.
As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).
The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.
It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.
TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.
General
IFC, NGX Group, LCCI Unveil Nigeria Gender Country Programme
By Aduragbemi Omiyale
A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).
The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.
Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.
Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.
The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.
At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”
Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”
On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”
In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
