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Finance Minister Kemi Adeosun in NYSC Certificate Forgery Scandal

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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.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Maryland Mall Lagos Opens Bidding for Investors in Major Property Sale

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Maryland Mall Lagos

By Adedapo Adesanya

Maryland Mall, one of the prominent retail and entertainment centres located in Lagos, has been put up for acquisition.

In what is shaping up to be a competitive bidding process targeted at qualified investors, the offering coordinated by Broll Property Services in partnership with Renaissance Capital Africa describes the property as a “high-yield income-generating investment” situated in a prime commercial corridor within the commercial capital.

According to details contained in the investment teaser seen by Business Post, interested investors are expected to submit expressions of interest before proceeding to due diligence and final bid submissions.

Final bid submissions are scheduled to close by 12 pm on Monday, June 30, 2026, according to the advisory firms.

The sale process is expected to attract interest from institutional investors, private equity firms, real estate funds and high-net-worth investors seeking exposure to Lagos’ commercial property market.

The mall, strategically located along a major road network in Maryland, boasts strong visibility and accessibility, factors considered critical in retail real estate performance.

The document disclosed that the facility, which hosts facilities like Genesis Cinema and Workstation, currently maintains an occupancy rate of 87 per cent and is professionally managed to maintain operational standards.

However, people who frequent the facility told our correspondent that the facility has faced several operational challenges. This development presents challenges for potential investors who will likely scrutinise factors such as tenant sustainability, operating costs, power expenses and consumer spending trends before making final commitments.

Under the outlined transaction process, shortlisted bidders will enter negotiations following due diligence and submission of financial offers.

Launched in June 2016 by Mr Akinwunmi Ambode, the then governor of Lagos State and Mr Atedo Peterside, Chairman of Stanbic IBTC, Maryland Mall boasts the largest outdoor LED screen in West Africa, under Purple Group’s management.

In 2020, the company officially rebranded the mall from Maryland Mall to Purple Maryland as part of its broader lifestyle and mixed-use real estate strategy.  However, due to some macroeconomic headwinds, the company fell into a receivership in October 2023, with Mr Richard Ayodele Akintunde named the Receiver Manager.

Years ago, the management agreement between Purple Group and the receiver manager was terminated, and Broll was appointed the new Facility Manager.

Maryland Mall Lagos

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UK Strengthens Ties With Kano, Jigawa on Sustainable Development

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UK Kano Jigawa

By Adedapo Adesanya

The United Kingdom has reaffirmed its development partnership with Kano and Jigawa States, as part of its long-term commitment to development and reform in northern Nigeria.

The Head of Development Cooperation at the British High Commission Abuja, Ms Cynthia Rowe, recently completed high-level engagements with governors of both states as well as senior government officials and civil society leaders.

The discussions underscored the UK’s modern approach to development as a genuine partnership with Nigeria, which prioritises state-led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.

According to a statement, the Foreign Commonwealth and Development Office, via the British High Commission, said Nigeria remains one of the UK’s most significant development partners, adding that the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.

In Kano, Ms Rowe met with Deputy Governor Alhaji Murtala Sule Garo and senior officials, including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.

In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK technical assistance.

Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.

Speaking on this, Ms Rowe said, “For more than 25 years, we have worked side by side with state governments, including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.

These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”

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CBN Partners NiMet to Integrate Climate Data Into Economic Planning

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CBN Ways and Means

By Adedapo Adesanya

The Nigerian Meteorological Agency (NiMet) has signed a Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN) on data sharing to enhance economic productivity.

This was done at a meeting at CBN Head Office in Abuja, where the weather body led by its Director General, Mr Charles Anosike, on Wednesday, highlighted the importance of integrating weather and climate data into economic research, especially in sectors such as agriculture, energy, and transportation.

He noted that extreme weather events can reduce agricultural productivity and threaten food security.

He added that the collaboration aligns with the Renewed Hope Agenda of President Bola Tinubu, which prioritises food security through major agricultural investment, including the cultivation of 10 million hectares of land and the distribution of mechanised equipment.

Mr Anosike cited a 2026 World Bank report that showed that extreme weather driven by climate change is significantly affecting global food security, with more than 87 million people facing hunger in East and Southern Africa and 52 million in West and Central Africa.

He also referenced the latest Berkeley Earth Report, which projects that 2026 is likely to be the fourth warmest year on record, a trend that continues to shape agricultural and energy market projections.

In his remarks, Mr Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate of the CBN, said the signing of the MoU marked an important step in strengthening the partnership between two key national institutions whose mandates intersect in data, research, and policy support.

He emphasised that, in an increasingly complex and dynamic economic environment, timely and reliable data remain essential for effective policy decisions.

According to him, the Economic Policy Directorate relies heavily on timely and credible statistical information from NiMet, saying that such data are critical for inflation monitoring, agricultural sector assessment, and broader economic policy advisory functions.

He described the initiative as both timely and important, adding that strong institutional partnerships are essential for strengthening evidence-based policymaking and improving the robustness of national data systems.

At the close of the event, Mr Anosike and Mr Sani Abdullahi signed the MoU on behalf of their respective institutions.

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