General
Stay Away from Politics—Buhari Tells EFCC
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has been warned to stay away from politics and focus on its core mandate of dealing with economic saboteurs.
This warning was given by President Muhammadu Buhari Friday in Abuja at the unveiling of the EFCC Standard Operating Procedures, Policies and Manuals at the State House.
Mr Buhari said the agency should not be partisan and must not become a tool in the hands of politicians or be used to settle personal disputes.
“I must advise the leadership and operatives of this commission to resist the temptation of being used for partisan politics or be dragged into personal disputes. Your job is to serve the nation in its efforts to entrench good governance,” the President was quoted as saying in a statement issued by his spokesman, Mr Femi Adesina.
The President noted the excellent performance of the leadership of the EFCC in securing 2,220 convictions within one year and recovering over N152 billion and $385 million.
“Ladies and gentlemen, I am glad to note that the war against corruption, which is one of the cardinal objectives of this administration, is being strengthened through the institutionalization of operational procedures particularly as they form the building blocks of transparency and accountability in administration and public expenditure,” he said.
President Buhari also commended the EFCC Chairman, Mr Abdulrasheed Bawa, for efforts to further institutionalize the commission by developing 26 Standard Operating Procedures and 25 Policies and Manuals for the Departments, Units and staff of the agency while appreciating the support of the board, management and staff.
Mr Buhari said, “Ladies and gentlemen, these outstanding feats achieved are being unveiled today and I would like to use this opportunity to encourage other Ministries, Departments and Agencies of Government, especially law enforcement agencies to also ensure the standardization of their processes within the extant laws and regulations as provided in our statutes.
“I need not underscore the importance of today’s occasion but let me remind you that the stakes are high but national expectations are higher. Therefore, we must continue to strive and deal decisively with matters in accordance with the rule of law.
“On the part of the Government, we shall continue to accord all necessary support to MDAs in order to ensure the sustainability of the initiatives already commenced in actualizing our vision of a corrupt-free society.
“Let me conclude by saying that the fight against economic and financial crimes in Nigeria is a collective responsibility of all Nigerians if we are to make meaningful progress as a nation.
“I invite you all to fight corruption in all its ramifications and join us to entrench good governance values and integrity within all our systems. As I have often said, “If we do not kill corruption, corruption will kill us as a nation.”
President Buhari said the development of the standards demonstrate the commitment of this administration to the fight against corruption and the acceptance of transparency and willingness to be subjected to scrutiny against set standards by services.
“This is a confirmation of national efforts against graft,” he said, adding: “I understand from your remarks Mr Chairman, that these are the first collection of policy documents ever developed in the eighteen years of the commission’s existence aimed at defining the institutional rules and operational guidelines while instituting uniformity in standards, improving efficiency and removing discretion from your operations. These are indeed remarkable achievements and are very commendable.”
The President assured of a rules-based system in Government business while providing the necessary enabling environment for effective implementation.
“You may recall ladies and gentlemen, that since we came into power in 2015, we have consistently demonstrated the necessary political will to fight corruption. We have ensured the operational independence of the anti-graft agencies, strengthened the legal framework, empowered the regulatory agencies and provided adequate funding to support the fight against corruption,” he added.
In his remarks, the Chairman of EFCC noted that the institution was undergoing various phases of reforms to reposition it for the task of fighting financial crimes in the country, with the production of policies and manuals.
The chairman thanked the President and the National Assembly for the confidence reposed in his “ability and competence’’ to take over the leadership of the organisation in 2021.
Mr Bawa said departments had been reorganised and upgraded, including intelligence gathering, training and the academic institutions, to meet the demands of the job, adding that software had been developed for operations, and a mobile app, The Evil Eye, deployed for ease of reporting economic and financial crimes from the comfort of homes.
He said the EFCC already had a five-year strategic plan, 2021-2025, with clear and measurable targets, based on five objectives, which include improving public engagement to fight crimes, systems and processes for prevention, intelligence gathering, prosecution and law enforcement.
“I will lead an agency that will be the pride of our country, Nigeria,” he said.
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.”
