General
World Bank, AfDB Disburse $550m for Rural Electrification Projects
By Adedapo Adesanya
The World Bank and the African Development Bank (AfDB) have provided $550 million for the Rural Electrification Agency (REA) to support the implementation of its off-grid solution projects.
This was disclosed by Mr Ahmed Abubakar on behalf of REA in Abuja.
He noted that out of the amount, $213 million was for the mini-grid components of both lenders while $75 million was for standalone solar home systems component of the World Bank.
It was further explained that $205 million was for Energizing Education Programme (EEP) Phases II and III components of both institutions, while $20 million is for the productive use component of the African lender, as well as $37 million for technical assistance.
“The objective of the project is to provide clean, safe, reliable and affordable electricity access to a minimum of 2.5 million Nigerians which equates to about 500,000 households.
“A breakdown of what the programme has achieved so far is in the signing of grant agreements under the mini-grid sub-component, with 13 companies for the deployment of solar mini-grids across 86 sites in off-grid communities,” he said.
Mr Abubakar added that REA had deployed and commissioned seven solar hybrid mini-grids with a total connection of 3,828 and 529.79 kW energy capacity.
He said that the agency also signed grant agreements with 26 companies under the Output-Based Fund (OBF) sub-component of the standalone solar home systems for homes and MSMEs.
“REA has also installed 221,971 Solar Home Systems (SHS) in households, micro, small, and medium enterprises as well as public facilities.
“The Rural Electrification Agency (REA), through the Nigeria Electrification Project (NEP), has been providing off-grid solutions to bridge the electricity gap in unserved and underserved rural communities.
“This includes households, micro, small, and medium enterprises, Federal Universities, as well as healthcare centres across the six geopolitical zones of the country, with the financial support of the WB and the AfDB, respectively.
“The NEP is private sector driven and it provides grant subsidies under its solar hybrid mini-grids, standalone solar home systems and productive use appliance components to bridge the gap in access to electrification.
“And stimulate load demand, whilst also improving the means of livelihood of the consumers, towards making the mini-grid powered communities more attractive and viable,” he said.
The agency also noted that it has signed contract agreements with eight companies for the deployment of containerized solar hybrid solutions to power 100 Isolation and Treatment Centres (ITCs) under the REA/NEP COVID-19 & Beyond intervention programme.
“REA conducted community engagement exercises in nine states – Ogun, Cross River, Sokoto, Niger, Plateau, Abia, Bauchi, Kano and Anambra – to sensitise and have community buy-in for the sustainability of the NEP mini-grid projects.
“REA has also commenced preparations for the deployment of solar hybrid power plants in Federal Universities and Teaching Hospitals, under the Energizing Education Programme Phases II and III.
“REA/NEP calls for more support from the private sector to help bridge the electrification gap by visiting the NEP website at www.nep.rea.gov.ng on how to apply as it concerns the component that best suits their interest and experience.”
General
FG Backs US Sanctions on Three BDC Operators Linked to Terror Financing
By Adedapo Adesanya
The federal government has hailed the recent sanctioning of three Nigerian bureau de change (BDC) operators by the United States’ Office of Foreign Assets Control (OFAC) for alleged terrorism financing.
“The Nigeria Sanctions Committee welcomes the recent inclusion of Mukthar Muhammad Adamu, Nine to Nine BDC, and Generation BDC Limited by the United States Office of Foreign Assets Control (OFAC).
“These designations follow the inclusion of Adamu and his companies as part of a broader update to the Nigeria Sanctions List approved and published on 18th June 2026,” it disclosed in a statement.
It said that the naming of the three companies and six people followed extensive intelligence gathering, financial investigations, and inter-agency assessments, which established reasonable grounds to believe that the affected individuals and entities facilitated, financed, supported, or otherwise contributed to the activities of the Islamic State West Africa Province (ISWAP) and associated terrorist networks.
“The individuals and entities added to the Nigeria Sanctions List on 18th June 2026 are Ibrahim Yakubu Ogirima (NLISWi.19), Muktar Muhammad Adamu (NLISWi.20), Adamu Chiroma (NLISWi.21), Ibrahim Abubakar (NLISWi.22), Abdullahi Umar Usman (NLISWi.23), Babangida Muhammed Adamu Hammajam (NLISWi.24), Abbal Bako & Sons Bureau De Change Limited (NLISWe.25), Generation Currency BDC Limited (NLISWe.26), Nine to Nine BDC Limited (NLISWe.27),” the statement read in part.
The federal government reiterated its directive to all financial institutions and designated non-financial businesses and professions to continue to comply with all sanctions obligations, including asset-freezing requirements, the filing of suspicious transaction reports, and the reporting of all relevant matches to the appropriate authorities.
The sanctions committee commended the work of the Federal Ministry of Justice, Office of the National Security Adviser (ONSA), Central Bank of Nigeria (CBN), Department of State Services, Economic and Financial Crimes Commission, and the Nigerian Financial Intelligence Unit for their actions to ensure that terrorist groups are denied the resources that sustain their activities.
It stated that Nigeria remains resolute in its commitment to ensuring that terrorists and their financiers find no safe haven within the country’s financial system.
The committee also said that the Federal Government would continue to work closely with domestic stakeholders and international partners to protect national security, strengthen financial integrity, and contribute to global efforts to combat terrorism and its financing.
General
Lagos Seals Radio Station, Others for Noise Pollution
By Aduragbemi Omiyale
A radio station, Wise FM, has been sealed by officials of the Lagos State Environmental Protection Agency (LASEPA).
The premises of the broadcast media platform, located on Ogabi Street, Meiran, Ile-Iwe Bus Stop, were shut by the state government on Tuesday, June 23, 2026, alongside other establishments across different parts of Lagos State for alleged persistent violations of environmental regulations despite repeated warnings, abatement notices, and opportunities provided for compliance.
In a statement by LASEPA, it was disclosed that the enforcement exercise was carried out in response to various environmental infractions, including noise pollution, air pollution, obstruction of official duties, and failure to comply with its directives.
As regards Wise FM, it was said that it was sealed for noise and air pollution as well as non-compliance with the Agency’s directives.
Another organisation affected, Star-View Terrace, located in Amuwo Odofin, Lagos, was shut down for noise pollution and non-compliance with the agency’s directives, while Premiership Suites, located at Akin Osiyemi Street, Off Allen Avenue, Ikeja, was sealed for non-compliance with the agency’s directives.
Speaking on the enforcement operation, the General Manager of LASEPA, Mr Babatunde Ajayi, reiterated the organisation’s unwavering commitment to safeguarding public health and ensuring a cleaner, safer, and more sustainable environment across Lagos State.
He stressed that both individuals and corporate organisations have a responsibility to comply with environmental laws and regulations, stressing that environmental protection remains a collective duty that requires the cooperation of all stakeholders.
The LASEPA boss warned that the agency would continue to intensify enforcement actions against violators in order to curb environmental nuisances and protect residents from the harmful effects of pollution.
Mr Ajayi urged residents, business owners, and operators of commercial establishments to adopt environmentally responsible practices and cooperate with regulatory authorities in promoting a healthier, cleaner, and more livable Lagos.
General
LPPC Temporarily Strips Mike Ozekhome of SAN Title
By Aduragbemi Omiyale
Renowned legal practitioner, Mr Mike Ozekhome, has been directed to desist from using the prestigious title of the Senior Advocate of Nigeria (SAN) for now pending the outcome of disciplinary proceedings against him.
He is being investigated by the Legal Practitioners’ Privileges Committee (LPPC), a body which looks into complaints against lawyers in Nigeria.
Announcing the suspension of the prominent lawyer’s SAN rank on Thursday, the Chief Registrar of the Supreme Court, Mr Kabir Akanbi, said the disciplinary action was taken at the committee’s 173rd general meeting on Tuesday, June 23, 2026.
Mr Akanbi, who doubles as the Secretary of the LPPC, stated in the statement that the temporary ban is intended to safeguard the integrity, dignity, and prestige of the SAN rank while the matters under review are being considered.
It was explained that the suspension was pursuant to Paragraph 26(6) of the Guidelines for the Conferment of the Rank of Senior Advocate of Nigeria and all Matters Pertaining to the Rank, adding that it is tied to disciplinary proceedings currently before the Disciplinary and Ethics Sub-Committee of the LPPC and other related proceedings.
“The LPPC remains committed to upholding the highest standards of professional ethics, integrity, and discipline within the legal profession and to ensuring that the Rank of Senior Advocate of Nigeria continues to command public confidence and respect,” a part of the notice disclosed.
It stressed that, “Mike Ozekhome shall refrain from parading himself, presenting himself, or otherwise holding himself out as a Senior Advocate of Nigeria pending the final determination of the disciplinary proceedings.”
The title of Senior Advocate of Nigeria (SAN) is the highest honour bestowed upon legal practitioners in the country, recognising excellence and long-standing contributions to the legal profession. The LPPC is the statutory body empowered to award and withdraw the rank.
Mr Ozekhome is one of Nigeria’s famous constitutional lawyers, human rights activists, and public commentators, but lately, his name was mentioned in an alleged forgery in the United Kingdom.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 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 agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn


