News
Rayyan Microfinance Bank unveiled by Zulum
Rayyan Microfinance Bank unveiled by Zulum
By: Bodunrin Kayode
Borno State Governor, Babagana Zulum, has unveiled Rayyan Microfinance Bank, headquartered in Maiduguri, the state capital on Sunday.
Rayyan Bank chaired by Dr Usman Shettima is an Ethically Compliant Digital Bank that offers non-interest financing which is an insignia of Islamic banking to rural communities.
With a commitment to ethical compliance practices, the bank also provides a comprehensive range of banking solutions designed to meet the diverse needs of individuals and businesses.
Speaking at the unveiling ceremony held in Forshams Event Centre, Maiduguri, Zulum emphasised that the bank is a critical tool for building resilience and fostering self-reliance among the people of Borno.
He highlighted its projected role in providing the financial backbone communities need to rebuild livelihoods affected by years of insurgency.
“Microfinance banks are crucial for driving financial inclusion, reducing poverty and promoting economic growth through providing accessible financial services such as small loans, savings accounts and insurance amongst others to low income individuals who don’t have access to traditional banking systems in Nigeria.
“I want to commend the vision and tenacity of the chairman and members of this very important bank, I also want to assure you that the government, under my leadership, will partner with you to promote the ideals of the non-interest banking system which is very important to our economy.” said Zulum
Demonstrating Borno State government’s confidence in the new institution, Zulum directed the State Ministry of Finance to immediately open an account with Rayyan Microfinance Bank.
Following the unveiling, the Governor formally presented the bank to the public, urging residents, cooperatives, and business owners to utilise its services to grow their businesses, support local enterprises, and contribute to the state’s economic resurgence.
The event featured keynote addresses and lectures by the academia, regulatory agencies, religious scholars, and other stakeholders, highlighting the potential of non-interest banking to promote ethical investments and foster inclusive economic growth.
Rayyan Microfinance Bank unveiled by Zulum
Military
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
By Zagazola Makama
Security was significantly reinforced around Niger’s Presidential Palace in Niamey following reports of unrest involving elements of the country’s armed forces, security sources told Zagazola Makama.
According to multiple security sources, the heightened deployment of the Presidential Guard, supported by armoured vehicles around the Presidential Palace on the night of July 3 and into July 4, followed what was described as a limited protest by personnel of an armoured unit within the Niger Armed Forces (FAN).
The sources said some soldiers reportedly declined deployment to frontline positions in northern Tillabéri Region, particularly around Inatès and Chinagodrar, citing inadequate heavy equipment and insufficient operational resources to confront the growing security threats in the area.
The protest was described by one source as a “small mutiny,” although there has been no official confirmation from the Nigerien authorities.
Security sources said the development triggered concern within the country’s leadership, prompting the reinforcement of security around the Presidential Palace and temporary restrictions on movement in the surrounding area as a precautionary measure.
The Tillabéri Region remains one of Niger’s most volatile security zones, with recurrent attacks by armed extremist groups, including factions linked to the so-called Islamic State in the Greater Sahara (ISGS).
As of the time of filing this report, the Nigerien government and military authorities had not issued any official statement regarding the reported protest or the increased security presence around the Presidency.
The situation remains under close observation.
Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
Two suspected criminals arrested during patrol in Plateau
By: Zagazola Makama
Troops of Sector 1 under Operation Enduring Peace have arrested two suspected criminals during a routine patrol in Jos East Local Government Area of Plateau.
Security sources disclosed that the suspects, identified as Azi Ezekiel, 21, and Ajiji Emmanuel, 19, were apprehended at about 10:30 a.m. on Saturday along the road leading to Forbur Village.
The sources said the suspects were intercepted by troops of Sector 1, Sub-Sector 12, while conducting a routine patrol in the area.
According to the sources, the two suspects have been handed over to the Keystone Police Station in Forbur for further investigation and possible prosecution.
The arrest forms part of ongoing security operations aimed at combating criminal activities and enhancing safety across Plateau State.
Two suspected criminals arrested during patrol in Plateau
Troops arrest suspected kidnapper in Plateau community
By: Zagazola Makama
Troops of Sector 4 of Operation Enduring Peace have arrested a suspected kidnapper during a security operation in Barkin Ladi Local Government Area of Plateau.
Security sources said the suspect, identified as Mohamdu Surajo, 29, was arrested at about 6:45 p.m. on Friday at Sabon Layi Village following sustained security operations in the area.
The sources disclosed that the suspect is currently in military custody and is undergoing preliminary interrogation to aid ongoing investigations.
They added that the arrest is part of continued efforts by security forces to dismantle criminal networks and enhance security across Plateau State.
Troops arrest suspected kidnapper in Plateau community
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Mutiny: Presidential Guard Tightens Security Around Niger Presidency Amid Reports of Military Protest
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