General
Nigeria, Others Lose $20b Yearly to Corrupt Officials—World Bank
By Dipo Olowookere
The fight against corruption is no doubt a global one and efforts are being made to ensure the menace is defeated or at best curbed to the barest minimum.
Since the inception of the administration of President Muhammadu Buhari in 2015, he has devoted much of his time to go after corrupt officials.
However, his government has sought the assistance of international community in giving corruption a hard fight.
According to the World Bank, over $20 billion is stolen annually by corrupt officials from African, Asian, South American and European countries.
As the world marks the International Anti-corruption Day on Saturday, December 9, 2017, the United States said it was glad to co-host the December 4-6 inaugural Global Forum on Asset Recovery (GFAR) with the United Kingdom, as a demonstration of its continued commitment to preventing and combatting corruption globally.
The US said the over $20 billion lost to corruption should have been used for sustainable development of these countries for essential services such as schools, hospitals, and roads. Rather than lining the pockets of corrupt officials, these funds should help grow economies and improve the well-being of the people of these countries.
To help prevent and combat kleptocracy, US assistance helps strengthen transparency and accountability within government institutions.
Since fiscal year (FY) 2016, the Department of State and US Agency for International Development (USAID) have dedicated more than $115 million annually to a wide range of foreign assistance efforts to counter corruption, including capacity building of foreign governments to create stronger laws and more effective institutions; investigate, prosecute, and secure convictions for corruption offenses; and put in place measures to prevent corruption, foster oversight, and promote government integrity and transparency.
US support of global efforts to recover stolen assets and ensure corrupt actors cannot benefit from their ill-gotten gains is an important part of this work.
The United States contributed $1 million to the World Bank and United Nations Office on Drugs and Crime’s (UNODC) Stolen Asset Recovery Initiative (StAR) to organize GFAR and provide technical assistance to support country-level capacity building and coordination on asset recovery cases. GFAR provides a platform to enable the four focus countries: Nigeria, Sri Lanka, Tunisia, and Ukraine, to make tangible progress on significant asset recovery cases in connection with financial centers and other jurisdictions.
In addition to co-hosting GFAR, the United States has provided significant technical assistance to the four focus countries to strengthen anticorruption and asset recovery efforts. Several bilateral and regional multi-year programs, including support for the United Nations Convention Against Corruption (UNCAC) and UNCAC mentors and for the Global Focal Points Network supported by INTERPOL and StAR, have bolstered anticorruption mechanisms necessary to recover stolen assets, helping to ensure countries continue progress achieved through participation in GFAR.
Nigeria
Since FY 2013, the U.S. government has provided foreign assistance to increase the Nigerian government’s capacity to investigate and prosecute corruption and financial crime cases, including asset forfeiture and anti-money laundering. Programs also seek to bolster Nigerian civil society’s capacity to ensure transparency and accountability in government.
Over the past three years, the United States has funded a project with the Economic and Financial Crimes Commission (EFCC) to mentor officials investigating and prosecuting money laundering crimes, including on asset forfeiture and counter financing of terrorism, in addition to providing technical assistance to the Nigerian judiciary. We will continue to work with the EFCC to further strengthen EFCC institutional development.
The U.S. government funds the Open Government Partnership’s (OGP) Support Unit through a joint grant between the Department of State and USAID to work with civil society and governments to develop commitments aimed at countering corruption and promoting transparency. The United States also funded a project which led to the drafting of Nigeria’s OGP National Action Plan through collaboration with EFCC, the Independent Corrupt Practices and Other Related Offenses Commission (ICPC), Nigeria Police Force (NPF), and several civil society organizations.
U.S. foreign assistance also supported outreach efforts through infographics and social media on corruption-related issues, making public data from Nigerian anti-corruption agencies more accessible, and training Nigerian journalists on best investigative journalism practices.
Sri Lanka
Since FY 2016, the U.S. government has provided foreign assistance for anti-corruption efforts in Sri Lanka to improve the functioning of Sri Lanka’s legal system and civil society, and to enhance good governance.
Programs include the provision of a Resident Legal Advisor to provide anti-corruption and asset recovery training, and support to the Commission to Investigate Allegations of Bribery and Corruption.
Tunisia
Since FY 2013, the U.S. government has provided foreign assistance for anti-corruption efforts in Tunisia, including strengthening rule of law and Tunisia’s law enforcement sector. Technical assistance programs improved public financial management; capacity building through the Open Government Partnership (OGP) helped Tunisia’s government and civil society to establish the necessary tools to bolster transparency and accountability in the public sector.
The Department of State is funding a grant to increase the capacity of the Tunisian Financial Judicial Police, the body responsible for prosecuting complex financial corruption cases.
Ukraine
Since FY 2013, the U.S. government has enhanced Ukraine’s anti-corruption efforts by strengthening Ukraine’s legal system, law enforcement investigations, civil society, and customs enforcement.
U.S. foreign assistance contributed to Ukraine’s seizure of roughly $1.3 billion in cash, with the discovery of more than $3.24 billion in stolen public funds. U.S. law enforcement professionals are embedded in Ukraine’s National Anti-Corruption Bureau (NABU) to help build anti-corruption and asset recovery capacity and strengthen Ukraine’s overall anticorruption efforts. U.S. support has contributed to 333 criminal proceedings, 207 notices of suspicion, and the finalization of 108 indictments in cases related to corruption. Ongoing programming will continue to build on these achievements.
The United States also provides funding through a Fiscal Transparency Innovation Fund, which works with civil society organizations to collect, analyze, and publicly disseminate energy-related information; works with the legislature, media, and civil society to promote transparency; promotes the accounting of quasi-fiscal activities within the budget; creates an energy sector discussion platform; and supports sub-grants to local civil society groups to promote transparency at city or local levels.
General
Lagos to Get New Building Code in 2025
By Adedapo Adesanya
The Lagos State Government has expressed its readiness to get a brand-new Building Code next year, to achieve the high-performance standards needed to make Lagos a sustainable and Smart City.
The government’s readiness was disclosed at the Lagos State Executive Council Retreat on the Domestication of the Lagos Building Code, organised by the Office of the Special Adviser on e-GIS and Urban Development, held at Ikeja GRA on Wednesday.
Speaking during the retreat, Lagos State Governor, Mr Babajide Sanwo-Olu emphasised the need for more collaboration among all the ministries and agencies in the built sector, to ensure the state development in line with global best practices.
He said the motive behind the Lagos Building Code is to have a building regulation that would make Lagos much more resilient.
“We (Lagos State Government) are the first to domesticate the National Building Code, which is the creation of the Federal Government. We are not doing anything outside the vision at the sovereign and sub-sovereign levels. But what is unique about our own is the fact that all the cabinet members see the need to have an input because it would be an outcome that would affect lives and different ministries and agencies.
“So, there is a need for everybody to have a say, and at the end of the day, collectively we will resolve to have a way.
“What we are trying to do is for Lagos State to do what is obtainable internationally: have a building regulation in which we have a standard of construction in design, manner of land use occupancy, and use of building materials, which we believe would eventually improve and help with health, safety, and occupancy issues.
“It is all about building sustainably, making Lagos a lot more resilient and able to absorb shock in the future and able to stand in the comity of developed cities and city-states as we see in various parts of the world,” he said.
The Special Adviser to the Governor on eGIS and Urban Development, Mr Olajide Babatunde, stated that the Lagos Building Code is to complement the existing regulatory framework and provide a comprehensive solution to the challenges of land use, physical development, and urban planning.
Mr Babatunde said the Lagos Building Code will regulate building control, planning permission, and address the issues of setbacks; take care of the safety and sustainability of the environment; and also prevent the collapse of buildings.
“We have been working on the domestication of the National Building Code, and by next year, we are going to have our own brand-new Lagos Building Code. We have worked with professional bodies and people from academia, market women, and the public in general, and through a participatory approach, we can come out with a document that is acceptable to everyone and useful to the entire state,” he said.
Also speaking, the Special Adviser to the Governor on Infrastructure, Mr Olufemi Daramola, described the Lagos State Building Code initiative by the Babajide Sanwo-Olu administration as the next step to Green Lagos that will enable the state to plan buildings properly and ensure durable infrastructure in the state.
During the retreat, members of the Lagos State Executive Council brainstormed and advocated aggressive sensitisation for residents of the State on the Lagos Building Code before implementation.
General
Apostle Femi Lazarus Emerges Most Streamed Podcast in Nigeria on Spotify
By Modupe Gbadeyanka
A report released by Spotify has revealed that in 2024, Apostle Femi Lazarus was the most streamed podcast on its platform, closely followed by Motivation Daily by Motiversity.
Podcasts are one of Africa’s favourite ways to tell stories. With almost 4 billion minutes of podcast audio played in Sub-Saharan Africa in 2024, the continent’s appetite for this content is loud and clear.
South Africa, Nigeria, and Kenya listened to the most shows this year, with South Africa contributing over 2 billion minutes. If you started playing podcasts on one device today, it would make for about 30 centuries of listening.
“The numbers don’t lie. Podcasting is here to stay because it lets creators take control of their narratives and tell these stories on their terms while bringing their community along for the journey,” the Sub-Saharan Africa Podcast Manager for Spotify, Ncebakazi Manzi, stated.
Motivational shows around issues like managing finances, relationships, personal goals and health remain popular across the three leading countries. Shows like “The Diary Of A CEO with Steven Bartlett”, “Motivation Daily by Motiversity” and “The Success Addicted Podcast” have attracted listeners who want to get their lives in order and learn from the stories of inspirational people.
Audiences in Nigeria and South Africa embrace shows about spirituality. “Christian Motivation” had one of the most shared episodes in South Africa while “Apostle Joshua Selman” maintained his popularity in Nigeria for another year. As the continent’s second-largest podcast market, Nigeria listened to 700 million minutes in 2024 and it created half of the new shows published in Sub-Saharan Africa this year.
Even though spirituality dominated Nigeria’s top charts, the continued popularity of shows like “I Said What I Said” and “The HonestBunch Podcast” tell us that listeners also want conversation-style shows. Listeners in Kenya and South Africa also showed an affinity toward these shows.
A good laugh with friends
The “ShxtsnGigs” podcast, an opinion show hosted by two best friends James and Fuhad, tapped into audiences’ hunger for conversational shows. The humorous podcast has made its way to the top charts in six of the top 10 podcast-playing African countries. In Kenya, The 97s Podcast has been inspired by this approach where funny and frank chats between hosts Trevor, Frank and Dante have led the podcast to take the number-one spot in the country for the first time.
Kenya’s broader listening data shows that relationships are a meaningful taking point. Seven of the 10 most shared episodes in the country discuss love, sex lives and dating. Julia Gaitho’s “So This Is Love” holds three out of the top five most shared podcast episodes in the country. Her interviews resonated because she draws lessons from her guest’s stories about lost lovers.
Some listeners just wanted to laugh through the pain. Ensemble shows like “Mic Cheque Podcast” and “The Sandwich Podcast” made Kenyans feel like they were hanging out with a close circle of friends. When difficult topics come up, moments of infectious laughter help lighten the mood.
Women creators like Murugi Munyi, Julia Gaitho, Sharon Machira and Lydia K.M. take this comedic approach to a new level on shows like “The Messy Inbetween” and ‘It’s Related, I Promise’. This genre contributed heavily to the country’s 400 million podcast minutes streamed in 2024.
Below are the most streamed and shared podcasts for the year;
TOP STREAMED PODCASTS IN SOUTH AFRICA |
TOP STREAMED PODCASTS IN NIGERIA |
TOP STREAMED PODCASTS IN KENYA |
2. Motivation Daily by Motiversity 3. Success Addicted Podcast with the voice of Earl Nightingale ; Napoleon Hill ; Jim Rohn and many more |
TOP SHARED PODCAST EPISODES IN SOUTH AFRICA |
TOP SHARED PODCAST EPISODES IN KENYA |
TOP SHARED PODCAST EPISODES IN NIGERIA |
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General
Watt Renewable Secures $15m Loan for Hybrid Solar Power Plants in Nigeria
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
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