General
Lagos Remits N25bn to Retirement Savings Account
By Adedapo Adesanya
Over N25 billion has been paid into the Retirement Savings Account (RSA) of retirees by the Lagos State government, the Governor, Mr Babajide Sanwo-Olu, has said.
Mr Sanwo-Olu made the disclosure at the 81st retirement bond certificate presentation to retirees of the state public service in Lagos recently.
The Governor, who was represented at the presentation by Mrs Olubunmi Fabanwo, Chairman of the Lagos State Civil Service Commission, noted that this has been the tradition since his administration came on board 18 months ago.
He said that retirees were workers in the mainstream, local government, State Universal Basic Board (SUBEB), Teaching Service Commission (TESCOM) and other parastatal agencies of the state government.
“I am happy to report that 5,819 retirees are enjoying their retirement benefits under the Contributory Pension Scheme (CPS) in the past 18 months of my administration.
“It is gratifying to note that since the advent of this administration, the state government has paid over N25 billion into the RSA of the state’s retirees,” he said.
According to him, the state government has also remitted over N2 billion to the respective RSAs of 471 retirees through the Pension Fund Administrator (PFA) for the month of December.
Mr Sanwo-olu said that with such commitment and performance, it was not surprising that retiring officers in the state looked forward to retirement with more confidence and joy.
The Governor said that Lagos State had continued to be the leading light, not only in the administration of pension benefits but generally in good credible governance.
“Let me assure you that the state government through the Lagos State Pension Commission (LASPEC) will continue to ensure that public service retirees not only get what is due to them statutorily but also receive, through other agencies and programmes, additional support and assistance that will add value to their lives in retirement.
“I will continue to run an open government of inclusion that will ensure no one is left behind.
“We must therefore be determined to contribute to the change that is much expected to bail our country out of her present situation and make life worth living for everyone,” he said.
In her address, Mrs Ajibola Ponnle, Commissioner for Establishments, Training and Pensions, lauded the Governor for ensuring the availability of funds to the commission for the payment of retirement benefits as and when due.
“Despite the global pandemic and its impact on the Nigerian economy, the state government has made continuous monthly payments of accrued pension rights into the RSA of retirees a priority to enable them to have access to their retirement bond benefits,” she said.
Mrs Ponnle said following the emergence of Lagos State as the winner of the National Pension Commission (PenCom) award for the best compliant state in the Federation consecutively and consistently, the ministry and LASPEC were committed to maintaining the rating.
She said this would be done by improving on timely payment of retirees’ pensions and other applicable benefits upon disengagement from service.
The Commissioner congratulated the retirees and advised them to embrace the joy and challenges of their new phase of life.
“Do not hesitate to contact LASPEC or even the Ministry of Establishment, Training and Pensions, should you require clarification or advise regarding the modalities surrounding your retirement benefit matters,” she said.
Mr Babalola Obilana, Director-General, LASPEC, said the event was designed as the state government’s special gift for the retirees for the festive season.
Mr Obilana informed the retirees about the official launch of the RSA transfer window system by PenCom on November 16, which permits RSA holders to transfer their accounts from one PFA to another once a year.
“The activation of the RSA transfer process will engender competition and improve service delivery in the pension industry while asserting the rights of RSA holders to determine which PFA manages their pension contribution and retirement benefits,” he said.
The DG appreciated stakeholders, PFAs and Insurance companies for their relentless efforts toward the success of the CPS.
General
Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community
By Adedapo Adesanya
The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.
The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.
The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.
Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.
She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.
According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.
Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.
She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.
To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.
Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.
However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.
General
EFCC Arrests Convicted Ex-Power Minister Saleh Mamman
By Modupe Gbadeyanka
The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).
Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.
Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.
Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.
“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.
“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.
“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.
General
UK Backs Pan-African Founder Support Programme at London Tech Week
By Adedapo Adesanya
The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.
Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.
The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.
According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.
Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.
A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.
Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.
He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.
“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.
Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.
“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”
The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.
Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.
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