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IIF Takes Step to Operationalise Gender-Smart Investing

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Gender-Smart Investing

By Aduragbemi Omiyale

A decisive step aimed at operationalising its Gender Equity and Social Inclusion (GESI) roadmap has been taken by the Impact Investors Foundation (IIF).

Last week, the organisation organised a high-level workshop in Lagos to equip institutions with the tools, standards, and data necessary to integrate GESI into capital allocation decisions.

In attendance for this programme were investors, policymakers, development partners, and private sector leaders.

The Nigeria Gender-Smart and Inclusive Capital workshop served as a critical component of the broader implementation strategy initiated after the launch of Nigeria’s Gender/GESI Roadmap at the 2025 Gender Impact Investment Summit.

“Following the landmark launch of Nigeria’s Gender/GESI Roadmap in 2025, this workshop represents the essential next strategic step in our journey towards a truly inclusive financial ecosystem,” the chief executive of IIF, Ms Etemore Glover, told participants.

“It is not enough to have a roadmap; we must now begin to operationalise it through institutional transformation that goes beyond mere policy alignment.

“This phase is critical because it moves us past advocacy and into the rigorous work of implementation, ensuring that organisations begin to intentionally deploy strategies to bridge the gaps that have historically sidelined women and marginalised groups,” she added.

Ms Glover submitted that, “With growing evidence that diverse and inclusive enterprises outperform their peers in risk management, innovation, and long-term value creation, Nigeria’s push to operationalise gender-smart investing reflects both a moral imperative and a significant market opportunity.”

A central highlight was a technical deep dive into the Gender/GESI Roadmap, presented by a Partner from PwC. The roadmap provides a structured approach to embedding gender-smart principles across the entire investment lifecycle: deal sourcing, by identifying women-led or gender-diverse enterprises; due diligence, through assessing GESI-related risks and opportunities; portfolio management, by strengthening inclusive governance; and exit strategies, which focus on ensuring long-term impact sustainability.

Investment and sustainability professionals from Verod Capital at the event shared practical strategies for embedding GESI metrics into governance systems. Additionally, a case study from Alitheia Capital illustrated how gender-lens investing drives both financial performance and measurable social impact.

Further, experts from 2X Global and Moremi Capital delivered sessions on the Foundations of Gender-Smart Investing, contextualising global standards such as the 2X Criteria for the Nigerian investment landscape.

These discussions demonstrated how investors can intentionally benefit women-led businesses, women in leadership, and women as value chain participants.

Organisations were charged with embedding gender-smart principles into their core operations to unlock Nigeria’s full economic potential, effectively turning the roadmap into the standard for investment in the nation’s future.

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Eight Die as Terrorists Blow up Niger Bridge

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bomb niger bridge

By Modupe Gbadeyanka

A bridge connecting the Luma-Babana-Agwara communities in Niger State was destroyed by terrorists on Monday. The incident claimed the lives of eight people.

The bridge is a vital route used by residents travelling to the Babanna border market, which operates every Monday.

According to reports, the hoodlums used an improvised explosive device (IED) to bring down the facility located along Luma Road in Borgu Local Government Area of Niger State.

The Chairman of Borgu Local Government, Mr Mohammed Nasir Abdullahi, who confirmed the attack, noted that authorities were working to verify the full extent of the damage.

“There was actually an attack by the bandits, and we are trying to verify the magnitude. A bridge was actually damaged. Already, we have sent people to the area to verify things for us,” Vanguard quoted him as saying.

It also quoted a source as saying, “In the early hours today, bandits stormed Borgu local government area of the state and bombed the Lunma-Babana bridge. Apart from bombing the bridge, the bandits also detonated bombs between Rafingiwa and Babana, and another at Woro and Kaiama, forcing residents to flee the area.”

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Obajana, Apata Inhabitants Complete Fish Farming, Entrepreneurship Training

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Dangote cement Obajana training

By Aduragbemi Omiyale

No fewer than 40 residents of Iwaa, Oyo, Obajana and Apata communities in Kogi State have completed a training programme on fish farming and entrepreneurship.

This is an initiative of the Obajana plant of Dangote Cement Plc designed to empower inhabitants of its host communities.

This scheme builds on a series of previous community empowerment programmes, including training in poultry production, solar entrepreneurship, and fashion design, among others.

At the graduation ceremony witnessed by representatives of the federal government, the Kogi State Government, and the Industrial Training Fund (ITF), as well as traditional rulers and other key stakeholders, the Plant Director, Mr Azad Nawabuddin, described the skills acquisition programme as a strategic scheme aimed at promoting job creation and driving overall economic development within the host communities.

“In learning the art and business of fish farming, you have embraced a cycle of life that teaches responsibility. You nurture, you wait, you adapt, and in time, you harvest. This mirrors the journey of community development itself: it is not built in a day, but through consistent effort, shared knowledge, and collective commitment,” he stated.

According to him, fish farming does not stand alone. It creates ripples by providing food for families, income for households, and opportunities for others.

“One fishpond can support a network: feed suppliers, transporters, market women, and processors. In this way, what begins as an individual skill becomes a communal asset,” he added.

Also commenting, the General Manager and Head of the Social Performance Department at Dangote Cement in Obajana, Mr Ademola Adeyemi, said the event was part of the Corporate Social Responsibility (CSR) scheme of the company.

“We don’t Lord ourself on the communities. We jointly agree to carry out this CSR programme. We invest proactively in skills, in people, and in ideas that can uplift communities. Through partnerships like the one we have with the Industrial Training Fund, we ensure that our interventions are not just well-intentioned, but impactful and sustainable,” he disclosed.

A representative of the Technical Adviser on CSR to the Kogi State Governor, Mr Akinola Oluropo Babatunde, commended Aliko Dangote for his support for communities in Kogi State.

He urged beneficiaries to make proper use of the opportunity and have a positive impact on their communities.

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Ex-Acting Accountant-General Nwabuoku to Spend 72 Years in Prison

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Chukwunyere Anamekwe Nwabuoku

By Adedapo Adesanya

A Federal High Court sitting in Abuja has sentenced a former acting Accountant-General of the Federation, Mr Chukwunyere Anamekwe Nwabuoku, to 72 years imprisonment over N868.46 million fraud.

In a Monday statement posted on its X (formerly Twitter) account, the Economic and Financial Crimes Commission (EFCC) confirmed the conviction and sentencing of Mr Nwabuoku for money laundering, after the court found him guilty of all charges.

“The former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, who was prosecuted by the EFCC at the Federal High Court, Abuja, for money laundering involving N868.46 million, has been convicted and sentenced to jail for 72 years,” the agency said.

The alleged offence, according to the EFCC, contravenes section 18 of the Money Laundering (Prohibition) Act, 2011 (as amended by Act No. 1 of 2012), and is punishable under section 15(3) of the Act.

The commission said Mr Nwabuoku committed the offences while serving as the director of finance and accounts in the Ministry of Defence between 2019 and 2021.

The former AGF had filed a no-case submission, which was dismissed by the court in November 2025.

Mr Nwabuoku was appointed acting accountant-general of the federation on May 20, 2022, by the late President Muhammadu Buhari, following the suspension of Mr Ahmed Idris over alleged N80 billion fraud.

However, he was removed from the position in July 2022, barely weeks after assuming office, following reports that he was under EFCC investigation.

He is the latest high-profile individual to be sentenced after the Federal High Court in Abuja last week sentenced the former Managing Director of the Nigeria Export-Import Bank (NEXIM), Mr Robert Orya, to 490 years’ imprisonment following his conviction in a N2.4 billion fraud case.

In a statement shared via its official X handle on Thursday, the anti-graft agency confirmed that Justice F.E. Messiri of the Abuja High Court has sentenced the former NEXIM boss, who served from 2011 to 2016, to 10 years’ imprisonment for each of the 49 counts brought against him in the N2.4 billion fraud case.

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