General
Nominations for 2025 IIF Awards for Impact Investing Begin
By Aduragbemi Omiyale
Nominations for the 2025 Awards for Impact Investing organised by the Impact Investors Foundation (IIF) have commenced.
Recipients for this year will be recognised at the prestigious IIF Annual Dinner and Awards Ceremony slated for November 6, 2025, in Lagos at the 8th Annual Convening on Impact Investing.
A statement from the leading platform for advancing impact investing disclosed that nominations are open to individuals and organisations across Nigeria and West Africa that can demonstrate measurable impact and a commitment to advancing inclusive, sustainable growth.
Interested nominees have been advised to visit the IIF Awards website to review eligibility criteria and submit entries by September 30, 2025.
IIF Awards is used to celebrate outstanding organisations and individuals whose investments, products, services, or programmes have created measurable social and environmental value while driving sustainable business growth.
The 2025 edition will be the seventh. Since inception, it has celebrated bold visionaries, innovative enterprises, and resilient changemakers working across diverse sectors such as healthcare, education, agriculture, gender inclusion, and financial services.
The 2024 awardees included Alitheia Capital Management, FAMASI Africa, and the Centre for Legal Support and Inmates Rehabilitation (CELSIR), all of whom are making tangible contributions to social progress.
The 2025 Awards continue this tradition of honouring changemakers who are proving that entrepreneurship, investment, and social good can go hand in hand.
“Over the years, these awards have spotlighted pioneers who demonstrate that capital can and must deliver more than financial returns.
“By recognising these leaders, we aim to inspire others to embed impact into their business and investment strategies and strengthen Nigeria’s journey toward becoming a thriving impact economy,” the chief executive of the Impact Investors Foundation, Ms Etemore Glover, said.
General
ICPC to Probe Farouk Ahmed Despite Dangote’s Petition Withdrawal
By Adedapo Adesanya
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said it would continue the probe of a former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Ahmed Farouk, despite the withdrawal of the petition by Mr Aliko Dangote.
The agency said it had received a “notice of withdrawal” of the petition against Mr Ahmed, submitted by a legal counsel to the petitioner.
Recall that Mr Dangote had alleged that Mr Ahmed, a public servant, spent over $7 million in public funds on the education of his four children in different schools in Switzerland, allegedly paying fees upfront for a period of six years.
In December, the businessman demanded the arrest, investigation, and prosecution of the former MD for allegedly living above his means as a public servant.
In the petition, Mr Dangote listed the children and their schools in Switzerland, including the amount paid for each of them to establish his allegations and verification by the anti-graft agency.
Mr Ahmed denied the allegations, describing them as “wild and spurious”.
The ex-NMDPRA boss has since resigned from his position, prompting a withdrawal of the petition by the businessman.
However, the ICPC said in line with the provisions of sections 3(14) and 27(3) of its enabling law, it would continue to investigate the matter in line with its statutory mandate and in the interest of transparency, accountability, and the fight against corruption for the benefit of Nigeria.
“The Independent Corrupt Practices and Other Related Offences Commission (ICPC) is in receipt of a letter dated January 5, 2026, titled “Notice of Withdrawal of Petition against Engineer Farouk Ahmed,” submitted to the Commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Alhaji Aliko Dangote,” a statement by the spokesperson of the commission, Mr J. Okor Odey, partly read.
“The letter from O. J. Onoja SAN, states that the petitioner has withdrawn the petition dated 16 December, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.
“The ICPC wishes to state categorically that, in line with the provisions of sections 3(14) and 27(3) of its enabling Act, the investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing,” the statement added.
General
Rivers Assembly Begins Impeachment Proceedings Against Governor Fubara
By Aduragbemi Omiyale
Members of the Rivers State House of Assembly have commenced impeachment proceedings against Governor Sim Fubara.
The exercise commenced on Thursday and if successful, it would see the removal of Mr Fubara from office by the state parliament.
This is coming less than less than four months after he was restored as the Governor of the oil-rich state from a six-month suspension on democracy in the state.
In March 2025, President Bola Tinubu suspected Mr Fubara and the Rivers State House of Assembly over political tension between the Governor and his predecessor, Mr Nyesom Wike, who is now the Minister of the Federal Capital Territory (FCT) Abuja.
A peace deal was reportedly brokered by Mr Tinubu between Mr Fubara and Mr Wike but things fell apart a few months after.
The Rivers Assembly is populated by loyalists of Mr Wike and has lawmakers from the All Progressives Congress (APC) and the People’s Democratic Party (PDP).
A few weeks ago, the Governor decamped from the PDP to the APC, in a move described as a masterstroke because it was calculated that it would free Mr Fubara from the grip of Mr Wike, who has been expelled from the PDP but yet to join the APC.
General
Dangote Withdraws Petition Against Ex-NMDPRA CEO Farouk Ahmed
By Modupe Gbadeyanka
The petition filed by Mr Aliko Dangote to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the former chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, has been withdrawn.
The businessman had accused Mr Ahmed of using his office to enrich himself and living above his means.
According Mr Dangote, the former NMDPRA chief spent about $7 million belonging to Nigerians for the primary education of his four children in Switzerland.
In the heat of this, Mr Ahmed resigned from the position, with the ICPC promising to further look into the matter.
It was gathered that the owner of the Lagos-based Dangote Petroleum Refinery has withdrawn his petition against Mr Ahmed from the ICPC because a similar complaint is already being investigated by the Economic and Financial Crimes Commission (EFCC).
The ICPC, in a statement signed by its Head of Media and Public Communications, Mr John Okor Odey, on Wednesday said, “The ICPC is in receipt of a letter dated January 5, 2025, titled ‘Notice of Withdrawal of Petition against Engineer Farouk Ahmed’, submitted to the commission by Dr. O.J. Onoja, SAN and Associates, legal counsel to Aliko Dangote.
“The letter states that the petitioner has withdrawn the petition dated December 16, 2025, submitted against Engineer Farouk Ahmed, the immediate past ACE/CEO of the NMDPRA, in its entirety, and that another law enforcement agency has taken over.
“The ICPC wishes to state categorically that, in line with the provisions of Sections 3(14) and 27(3) of its enabling Act, investigations in the interest of the Nigerian people and the Nigerian state have already commenced and are presently ongoing.
“The ICPC will therefore continue to investigate this matter in line with its statutory mandate and in the interest of transparency, accountability and the fight against corruption for the benefit of Nigeria.”
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn












