General
Lagos Lauds AXA Mansard’s Efforts on Climate Change Campaign
By Modupe Gbadeyanka
A foremost underwriting firm, AXA Mansard Insurance Plc, has been praised by the Lagos State government over its continued climate change awareness.
In commemoration of its annual AXA Week for Good, the flagship programme of AXA Hearts in Action (AHIA), AXA Mansard employees, under the Trash-To-Treasure Initiative, collected waste from their homes, offices, and environment and converted it into funds.
The company, under this scheme, will donate proceeds from the exercise, to provide health insurance for vulnerable children under the Chess-In-Slums Africa Foundation.
The Special Adviser to the Lagos State Governor on Climate Change and Circular Economy, Ms Titi Oshodi, commended AXA Mansard for this programme.
Speaking during the awareness walk that preceded a beach clean-up by AXA employees in Lagos, the aide to Governor Babajide Sanwo-Olu of Lagos noted that the government was proud of AXA Mansard and others keenly interested in working to mitigate the impact of climate change.
“At the Lagos State Office of Climate Change and Circular Economy, our goal is to ensure that the governor’s vision for a zero-carbon Lagos by 2050 is not a mirage. This is because we have seen that the impact of climate change is no longer a concept. It is real.
“According to the Lagos State Climate Action Plan 2020 – 2025, more than half of Lagos’s 21 million residents live in informal settlements, which render them highly vulnerable to the impacts of climate change. The Lagos State Adaptation and Resilience Plan (LCARP) estimates the impact of climate inaction at $22-29bn – 11 times the state’s 2022 annual budget.
“So, when we see partners like AXA Mansard doing more than just raising awareness but getting their employees to act for the climate, we must commend them because we want them to do more as we journey to our vision 2050.
“I am especially delighted because of this year’s commemoration theme, Trash-to-Treasure. This theme fits well with the ambition of my office to ensure that we address the challenges of climate change, not just by awareness and advocacy, but to entrench circularity into the mix.
“So, when I heard that AXA Mansard is not just collecting waste, they are valorizing the waste to provide health insurance for vulnerable children, I thought this is a model initiative because it embodies the whole idea of circularity, which is using waste for economic, social and environmental good,” she stated.
Appreciating the gesture from the state government, the Chief Client Officer of AXA Mansard, Ms Rashidat Adebisi, said that AXA remains unrelenting in its quest to ensure that its sustainability agenda of fighting climate change and protecting the vulnerable population has an impact and makes the world safer, healthier, and more prosperous.
“We are delighted and encouraged to have you here today as we once again collectively express our purpose of acting for human progress by protecting what matters. This year, our focus in AXA is on protecting our water bodies.
“So, at AXA Nigeria, we decided to focus on removing waste from the water and increasing awareness about the impact of waste on water.
“The Impact of waste on water is enormous. It has health, environmental, social, and economic ramifications. We have seen the impact of waste on flooding and the socio-economic losses of homes, businesses, and lives that come in its wake. There are also health Implications for polluted water, and the list goes on.
“This is why we have focused on water waste, and we remain proud of how much our employees are doing for this cause. Across Lagos, Abuja, and Port Harcourt, hundreds of our employees volunteered to raise awareness for this Initiative.
“They joined in collecting waste and participated in the beach clean-up. For us, this is what AXA Hearts in Action represents, and we remain committed to providing the right leadership and support for our employees to continue to express this shared purpose,” Ms Adebisi noted.
General
Tinubu in UAE for 2025 Abu Dhabi Sustainability Week
By Modupe Gbadeyanka
President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).
He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.
A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.
He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.
However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.
The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.
In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.
ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.
It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.
At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.
The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.
General
Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement
By Dipo Olowookere
The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.
Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.
Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.
This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.
Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.
Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.
In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.
Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”
He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.
However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.
Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.
“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.
Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.
As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.
Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.
For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.
General
Nigeria Suffers First National Grid Collapse of 2025
By Modupe Gbadeyanka
Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.
It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.
Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.
It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.
This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.
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