General
Financial Autonomy: CDHR to Track Income, Expenditure of Lagos Councils

By Emmanuel Udom
The Committee for the Defence of Hyman Rights (CDHR) has promised to henceforth monitor how local councils in Lagos State spend all revenues collected from the federation account.
Recall that last month, the federal government secured a Supreme Court order to pay all revenues from the Federal Allocation Account Committee (FAAC) directly to the accounts of the 774 local government areas of the federation.
Before the court judgment, state governments received the funds on behalf of the councils without disbursing them to the real beneficiaries.
It is believed that the new development would give autonomy to the councils and free local government chairmen from the shackles of state governors, who were becoming emperors.
Speaking on Thursday in Lagos, the president of CDHR, Mr Debo Adeniran, who doubles as the chairman of the Centre for Anti-Corruption and Open Leadership (CACOL), said there would be no hiding place for council leaders in the state.
“All information is available from the federal budget office and the office of the Accountant General of the Federation. All financial receipts to all LG councils will be tracked diligently and meticulously,” he said.
Mr Adeniran noted that his organisations would officially write under the Freedom of Information (FOI) law to demand details of monthly FAAC allocations, monthly Internally Generated Revenue (IGR), record of expenditure vis-à-vis, salaries and allowances of LG workers, political appointees, health and primary school workers, traditional rulers, etc.
“We anticipate that some local government chairmen will be recalcitrant to respond to our demands; so, we are already working with some notable legal minds to ensure that we sue them and ask the court to compel them to make all details of their income and expenditure available to the public who own the money. We are prepared to file as many cases as can give us a victory on this. We believe that the courts will oblige.
“We intend to give real-time, accurate, factual and objective reports of local government area developmental strides and interventions.
“If our money is misappropriated, embezzled or siphoned, we will drag the LG chairman concerned to the EFCC (Economic and Financial Crimes Commission) and the ICPC (Independent Corrupt Practices and Other Related Offences Commission). Remember, LG chairmen do not have immunity,” he stated at the 6th Citizens Accountability and Rights Forum (CARF) held at The Rights House, in Ikeja, Lagos.
The platform was organised to create an avenue where the implementers and the beneficiaries of various government policies would come together to explain, elucidate and expatiate on areas of concern for the citizenry with a view to harmonizing different opinions on policies that are being implemented in the State.
General
Stanbic IBTC Capital Celebrates Excellence in Real Estate

By Modupe Gbadeyanka
The 16th Honours Nite of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch, received the full backing of Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings.
The company sponsored the event, which brought together industry leaders, corporate partners, and public sector decision-makers in the real estate sector.
It was an avenue to recognise and celebrate exceptional achievements in the real estate and development ecosystem.
The chairman of NIESV in Lagos, Mr Gbenga Ismail, while addressing guests at the programme themed Inspiring Excellence, Shaping the Future, said, “Honours Nite gives us the chance to highlight the excellence and integrity inherent in our profession. While we celebrate today’s achievers, we set a precedent for a future that embraces innovation.”
The chief executive of Stanbic IBTC Capital, Mr Oladele Sotubo, stated, “At Stanbic IBTC Capital, we believe that excellence in the real estate sector is necessary for sustainable growth and community development.
“By supporting events like the NIESV Honours Nite, we underscore our commitment to recognising and empowering the professionals who shape our built environment.
“Together, we can inspire innovation and uphold the highest standards, ensuring a future where quality housing and ethical practices thrive in Nigeria.”
Also, the Head of Real Estate Finance for West Africa at Stanbic IBTC Capital, Mr Tola Akinhanmi, expressed pride in supporting professionals and developers dedicated to providing high-quality housing solutions.
“These awards recognise projects that meet significant market demands and symbolise the progressive vision for the future of real estate in Nigeria,” he said.
At the ceremony, Stanbic IBTC Capital was announced as the winner of the Residential Development of the Period Award. This was for projects that demonstrated significant market influence and superior execution.
Biufort Homes Limited’s Greenwich Gardens (Ketu) won the Silver Award, while UPDC Plc’s The Hampshire earned the Gold Award for its outstanding design, execution, and strategic contribution to the premium residential landscape.
The collaboration between Stanbic IBTC Capital and the group highlights the importance of excellence in the real estate sector.
It sets a foundation for future innovations and advancements especially in underweight asset classes such as the residential sector which will help to catalyse developments and further bridge the housing supply gap in Nigeria.
This further underpins Stanbic IBTC’s value proposition and support to stimulate home ownership and acquisition via our end-to-end product offering including construction/development finance, insurance and various home loan packages which creates effective demand.
General
Anzisha Shines Spotlight on 30 Young African Entrepreneurs

By Modupe Gbadeyanka
The third season of the YouTube series of Anzisha, The Journey, will focus on 30 very young entrepreneurs across Africa.
The documentary series will provide an uncensored glimpse into the grit of the small business owners, letting the viewers know the hurdles, strategic pivots, and moments of leadership that define their journeys.
With over 1.13 million YouTube views last season, The Journey S3 promises to be even more impactful.
This season culminates in a high-stakes pitch competition where four prizes totalling $40,000 will be awarded to the most promising entrepreneurs.
This intense pitch week in Johannesburg, South Africa, is where young founders refine their ideas, validate the work they’ve done over the last two years, and battle for prizes that can transform their ventures.
Viewers will see entrepreneurs navigate uncertainty when faced with unpredictability. These young leaders, aged 15 to 22, come from across Africa, including Zimbabwe, Nigeria, Madagascar, Benin, Uganda, Zambia, Ghana, Egypt, DR Congo, and Senegal.
Their ventures span across numerous sectors, from agriculture and food processing to technology, logistics, and personal care, clearly reflecting innovation across the continent.
The series showcases them building sustainable ecosystems that extend beyond financial returns and redefining leadership through inclusive and purpose-driven businesses.
The Managing Director of Anzisha, Didi Onwu, said, “The Journey season 3 is more than just a series; it’s a window into the future of African enterprise.
“It showcases the dedication, innovation, and resilience of young entrepreneurs who are not just building businesses but transforming their communities.”
The Journey’s season 3 offers a rich tapestry of experiences from a broad group of young African entrepreneurs.
Viewers will see the reality of their experiences, the balance of vision and execution, innovation and sustainability, and personal ambition driven by a desire to address gaps within their communities.
This season deepens understanding of the African entrepreneurial ecosystem by providing an honest look at the complexity of developing businesses in emerging markets.
General
FG Seeks Brazil’s Support for Green Methanol Industrial Complex

By Adedapo Adesanya
The federal government is already developing a robust Green Methanol Industrial Complex, the highest in Africa and is seeking Brazilian partnership in design, certification and feedstock optimisation for socio-economic development of the country.
The Minister of Innovation, Science and Technology, Mr Uche Nnaji, during a visit of the Ambassador of Brazil to Nigeria, Mr Carlos Gracete, to his office in Abuja, said under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the Ministry was driving reforms that will place innovation at the center of job creation, industrial growth and national competitiveness for economic development.
He emphasised that the efforts are being made to mechanize agro-processing and unlock the full potential of cassava, sugarcane and soybean value chain for the betterment of the citizens, reaffirming that the country is ready to work closely with Brazil to co-create inclusive, sustainable and high impact innovation projects.
On his part, the Director-General of the National Space Development Research Agency, NASRDA, Mr Matthew Adepoju while speaking, said that the agency is expanding Nigeria’s satellite capabilities and therefore seeks collaboration with Brazil’s national Institutes for Space Agencies on areas of Remote Sensing, Climate Monitoring, Land Use Analytics, Border Security and Disaster Response.
Also, the envoy said the purpose of the visit was to deepen bilateral cooperation between Nigeria and Brazil in key areas through technology, innovation driven development and trade relationships.
Methanol fuel is an alternative biofuel for internal combustion and other engines. It has chemical and physical fuel properties similar to ethanol and current research now focuses on the use as a sustainable marine fuel that will contribute to economic diversification of the country.
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