General
SERAP Tasks Presidential Candidates to Publish Campaign Funding Sources
By Adedapo Adesanya
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to presidential candidates to publish the source of their campaign funding ahead of the February 2023 presidential election.
The body urged them to demonstrate leadership by directing their “campaign councils and political parties to regularly and widely publish the sources of their campaign funding.”
SERAP said: “We are concerned about the vulnerability of political parties to corruption. Disproportionally large donations seeking specific outcomes or preferential treatment can subvert the wider public interest.”
In the open letter dated October 29, 2022, and signed by SERAP deputy director, Mr Kolawole Oluwadare, the organisation said: “Transparency would help to control inappropriate influence on political candidates, ensure fairness, equality, and accountability in Nigeria’s democracy.”
SERAP also said, “Transparency in campaign funding would improve public trust in Nigeria’s politicians and political parties, and show your commitment to prevent and combat corruption if elected.”
According to SERAP, “If Nigerians know where the money is coming from, they can scrutinise the details and hold to account the candidate and party that receive it.”
“SERAP would consider appropriate legal actions to hold you and your political party to account for any infractions of the requirements of campaign funding, as provided for by the Nigerian Constitution 1999 [as amended], the Electoral Act and international standards, even after the 2023 elections.
“SERAP urges you to sign ‘transparency pacts’ that would mandate you to disclose the identities of donors and widely publish donations and contributions on your party website and social media platforms.
“Party corruption undermines the legitimacy of government, public trust and, ultimately, democracy.
“Opacity in campaign funding can distort the electoral competition and lead to state capture by wealthy politicians and individuals, and encourage politicians to divert public resources for political purposes.
“Transparency in campaign funding would ensure fair and open elections and address concerns about undue influence by the more economically advantaged and privileged individuals, as well as prevent corruption of the electoral process.
“Political parties provide the necessary link between voters and government. No other context is as important to democracy than elections to public office. Nigerians, therefore, must be informed about the sources of campaign funding of those who seek their votes.
“SERAP also urges you to urgently invite the Independent National Electoral Commission (INEC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Economic and Financial Crimes Commission (EFCC) to monitor campaign funding and expenditures by your political party.
“The UN Convention against Corruption, to which Nigeria is a state party, obligates states parties to enhance transparency in the funding of candidates for elected public office and, where applicable, the funding of political parties.
“Similarly, the African Union Convention on Preventing and Combating Corruption which Nigeria has also ratified requires states parties to incorporate the principle of transparency into the funding of political parties.
“Sections 225 and 226 of the Nigerian Constitution and Sections 86, 87 and 90 of the Electoral Act 2022 demonstrate the importance of transparency and accountability in party and campaign finances and why political parties must be proactive in disclosing the sources of their donations and contributions, and how they spend the funds they receive.
“Please let us know if you and your political party are willing to commit to the issues outlined in this letter,” the letter read in part.
Presidential candidates for Nigeria’s general elections in 2023 include Mr Atiku Abubakar of Peoples’ Democratic Party (PDP); Mr Bola Tinubu of All Progressive Congress (APC); Mr Peter Obi of Labour Party (LP); Mr Rabiu Musa Kwankwaso of New Nigeria Peoples Party (NNPP); and Mr Peter Umeadi of All Progressive Grand Alliance (APGA).
Others include Mr Malik Ado-Ibrahim of the Young Progressive Party (YPP); Mr Omoyele Sowore of Africa Action Congress (AAC); Mr Adewole Adebayo of Social Democratic Party (SDP); Mr Kola Abiola of Peoples Redemption Party (PRP); Mr Christopher Imumulen of Accord Party (AP); Mr Dumebi Kachikwu of African Democratic Congress (ADC); and Mr Yusuf Mamman Dan Talle of Allied Peoples Movement (APM) among others.
By Modupe Gbadeyanka
The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.
This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.
The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.
It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.
Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.
TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.
The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.
TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.
By Adedapo Adesanya
The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.
The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.
The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.
The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.
The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.
Despite receiving presidential assent, the Act has yet to be fully operationalised.
He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.
The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.
He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.
The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.
The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.
By Adedapo Adesanya
The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.
The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.
The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.
Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.
The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.
The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.
“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”
The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.
NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.
Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”
