News
AICIF 2025: Metropolitan, SEC to Expand Islamic Financing Ecosystem in Nigeria
AICIF 2025: Metropolitan, SEC to Expand Islamic Financing Ecosystem in Nigeria
By: Michael Mike
The Securities and Exchange Commission (SEC) Nigeria has pledged to deepen the country’s non-interest finance market in partnership with Metropolitan Skills Limited and Metropolitan Law Firm. As Africa’s leading Islamic finance platform, the African International Conference on Islamic Finance (AICIF) convened its 2025 Pitch Competition in Abuja on Saturday.
The event, held in Abuja, was part of the pre-conference activities leading up to the 7th AICIF, scheduled for November. It brought together innovators, regulators, investors, and entrepreneurs under the theme: “Africa Emerging: A Prosperous and Inclusive Outlook.”

Delivering her opening remarks, Ummahani Ahmad Amin, Conference Chair and Chairman, Board of Directors of Metropolitan Skills Limited, said the collaboration with SEC was a “historic step” for positioning Nigeria at the centre of Africa’s ethical finance revolution.
“Together, we are working to strengthen the foundation of Islamic finance across Africa, expanding its reach into the capital markets to create new opportunities for inclusive and sustainable growth,” she said.

“Islamic finance is not just an abstract set of ideals. Its principles of fairness, risk-sharing, and social responsibility are practical tools for building economies that serve people, not just profits.”
For the SEC, the collaboration signals its commitment to broadening Nigeria’s financial ecosystem. Abdulkadir Abbas, Director at the SEC, told PRNigeria that the regulator has already developed a robust framework for non-interest capital markets.
“As regulators of the capital market, we are keen on developing all segments, including non-interest finance. We have frameworks that cover fintechs, crowdfunding, and even Sharia-compliant tokenisation. This partnership allows us to create awareness, attract innovators, and build a resilient, ethical finance system in Nigeria,” Abbas said.
He further highlighted the SEC’s 10-year master plan for non-interest finance, which is set to expire this year, noting that the regulator had introduced innovative products such as Sukuk to support infrastructure financing.
Ms Yinlaifa Edolo, Managing Director of Metropolitan Skills Ltd., explained that hosting the pitch competition ahead of the leading conference reflects Metropolitan’s resolve to build an ecosystem where ethical finance drives real innovation.

“The N5 million grant is not just a prize. It serves as seed capital for transforming bold ideas into enterprises that can reshape entire industries. Our focus is to inspire startups, support small businesses, and show that halal and ethical finance can power inclusive growth in Africa,” she said.
Backing this view, Abimbola Ajinibi, Regional Manager, First Trustees, a longtime partner of Metropolitan, said the last decade has witnessed a remarkable transformation in Nigeria’s Islamic finance space.
“Ten years ago, there was little awareness about instruments like Waqf, Sukuk, or ethical crowdfunding. Today, we have federal and state Sukuk projects worth over a trillion naira financing roads, schools, and hospitals. We’ve moved from theory to real impact,” he said.
Industry experts believe that by incorporating Islamic finance principles into Africa’s economic development, countries like Nigeria can establish more resilient financial systems that address unemployment, poverty, and inequality while remaining competitive in global markets.
As preparations build up to the November AICIF conference, the Abuja pitch competition has set the stage for regulators, innovators, and investors to work together in driving Africa’s halal economy and advancing inclusive prosperity.
AICIF 2025: Metropolitan, SEC to Expand Islamic Financing Ecosystem in Nigeria
Military
Military airstrikes eliminate scores of ISWAP terrorists in Borno operations
Military airstrikes eliminate scores of ISWAP terrorists in Borno operations
By: Zagazola Makama
Precision air interdiction missions conducted by the Nigerian Air Force component of Operation HADIN KAI have eliminated scores of ISWAP terrorists in separate coordinated strikes at Kangarwa and Ali Jilamari areas of the Northern Tumbuns in Borno State.
Military sources told Zagazola Makama that the operations were executed on April 1, following credible intelligence and confirmatory Intelligence, Surveillance and Reconnaissance (ISR) missions.
The source said the first strike was carried out at about 12:05 p.m. on ISWAP enclaves in Kangarwa, a known terrorist stronghold, after ISR conducted on March 27 confirmed mass movement of fighters within the location.
According to him, airborne surveillance identified multiple terrorists operating around and inside structures within the enclave before precision munitions were delivered in successive attack passes.
He said the targeted structures were completely destroyed, with scores terrorists neutralised in the strike, while others scampered for safety in different direction.
In a separate operation at about 4:45 p.m. the same day, the air component conducted another interdiction mission at Ali Jilamari, described as a newly established terrorist hideout in the Northern Tumbuns.
The source said the mission followed credible human intelligence and ISR confirmation, which revealed active terrorist logistics hubs and structures within the area.
He added that the air platforms engaged the targets with precision strikes, destroying identified structures and logistics hubs while eliminating additional terrorists.
The source described the operations as part of sustained air offensives aimed at degrading terrorist capabilities and denying them freedom of movement in the Lake Chad Basin.
Military airstrikes eliminate scores of ISWAP terrorists in Borno operations
News
VeryBlackDarkMan denies inciting violence in plateau, gives detailed defence of viral comments
VeryBlackDarkMan denies inciting violence in plateau, gives detailed defence of viral comments
By: Zagazola Makama
Popular social media personality, Martins Vincent Otse, also known as VeryBlackDarkMan, has issued a detailed response to allegations that he incited violence during the recent unrest in Plateau, insisting that his remarks were taken out of context and misrepresented.
The controversy followed a viral video in which Otse, reacting to the March 29 attack in Angwan Rukuba, made statements that critics interpreted as a call to violence.
Otse urged residents not to rely on government intervention, saying: “If you keep quiet and wait for the government… it won’t be the first time, it won’t be the second time… when does this stop? You promise us security, but nobody is secure!”
The content creator also appeared to call for a shift from passive reactions to active confrontation, stating: “No be only Boko Haram sabi kill, no be only bandit sabi kill. All of us fit kill… all of us na Killers, until you ready. No ever to say you no get the mind. You fit kill person. You can kill people. And for these people oh my God.
He added: “Please protect yourselves and don’t wait for the government.”
He further called on the “To the people of Rukuba Enough is Enough, Enough is Enough. Anybody wey you see wey cross your part, KILL AM
However, few hour’s after his emotional outbursts violence quickly began to spread in the Northern part of Plateau. The same night, some youths of Rukuba went on rampage and began targeted killings especially in the Muslim communities.
The remarks triggered widespread backlash, with some commentators accusing him of encouraging reprisals and fuelling religious tension.
However, in a follow-up video, Otse strongly refuted the allegations, maintaining that he never called for violence against any religious group. “Where did I ever say Christians should kill Muslims? When? Show me where I said that,” he said, visibly angered by the accusations.
Providing context to his earlier comments, Otse explained that his reaction was shaped by the traumatic experience of witnessing the aftermath of the killings in Jos.
“I was standing in the middle of dead bodies. Pregnant women, fathers, mothers, children… over 20 people lying there. This is not the first time I have seen something like that. What do you expect me to say in that moment?” he said.
According to him, his statements were an emotional outburst driven by frustration over repeated violence and what he described as inadequate response by authorities.
“The government is not doing anything. People are being killed again and again. So what do you want me to say?” he asked.
Otse clarified that his intention was to urge communities to be vigilant and protect themselves, not to attack others.
“I only said people should protect themselves. I said if you see suspicious movement, defend yourself. That is not the same as telling people to kill others,” he said.
He argued that his words were deliberately twisted to create a false narrative portraying him as promoting religious violence.
“This narrative that VeryDarkMan told Christians to kill Muslims is false. Completely false. People are taking my words out of context and trying to push an agenda,” he said.
The influencer also rejected attempts to frame him as biased against Muslims, noting that he has consistently spoken about violence affecting all Nigerians regardless of religion.
“You can’t say it is only Christians that are dying. Muslims are dying too. People are dying everywhere in this country,” he said.
He cited past incidents in the North-East, including attacks in Borno, to support his argument that insecurity cuts across religious and regional lines.
“Where were these people when bombs exploded in Borno? Monday Market, Post Office junction… people died. Did they speak then?” he queried.
Otse said he had personally visited affected areas, including Borno, to raise awareness and support victims, adding that his advocacy has never been selective.
“I have gone to Borno. I have gone to places where disasters happened, even floods. I have used my platform to raise awareness and help people. This is not about religion for me,” he said.
He further criticised what he described as selective outrage by some social media users and commentators.
“Some people are now acting like they care more about Muslims or Christians, but where were they when others were suffering? Show me what you have done,” he said.
Addressing the broader issue, Otse warned against the growing trend of framing security challenges along religious lines, stressing that such narratives are dangerous.
“Say no to religious war. This is not about Christianity or Islam. This is about Nigerians being killed,” he said.
He emphasised that he does not align himself with any religious divide, insisting that his position has always been neutral.
“I am not speaking for Christians or Muslims. I am speaking for people. I don’t care about religion when it comes to human lives,” he added.
Otse also highlighted what he described as a lack of awareness about the scale of violence in northern Nigeria, attributing it partly to limited social media visibility.
“A lot of people don’t even know what is happening in the North. They don’t see it, so they think it is one-sided. But the reality is different,” he said.
He urged Nigerians to avoid generalisations and stereotyping, warning that such tendencies contribute to division and misunderstanding.
The influencer reiterated his call for unity and collective action against insecurity, rather than blame and division.
“We need peace in Jos. We need peace everywhere. People should stop pushing narratives that will divide us further,” he said.
The incident illustrated the powerful role of social media in shaping public discourse during crises, as well as the risks associated with emotionally charged messaging.
While Otse’s initial comments reflected widespread frustration, the backlash point to the need for caution and clarity in public communication, especially in fragile security environments.
VeryBlackDarkMan denies inciting violence in plateau, gives detailed defence of viral comments
News
Troops neutralise eight terrorists in failed ambush operation in Borno
Troops neutralise eight terrorists in failed ambush operation in Borno
By: Zagazola Makama
Troops of 21 Special Armoured Brigade (21 SAB), in collaboration with Civilian Joint Task Force (CJTF) and hybrid forces, have neutralised eight suspected terrorists during an ambush operation in Bama Local Government Area of Borno.
A military source told Zagazola Makama that the operation was carried out at about 2:06 a.m. on April 1 around the Gadangari axis, behind Government Girls Secondary School (GGSS), Bama.
The source said the troops conducted a planned ambush targeting suspected Boko Haram terrorists and their logistics collaborators operating around the area.
“While lying in wait, the troops intercepted terrorists’ collaborators and logistics suppliers moving towards Yale axis,” the source said.
He added that the troops engaged the targets in a brief exchange of fire, resulting in the neutralisation of eight terrorists, while others escaped with possible gunshot wounds.
The source further noted that follow-up operations were ongoing to track fleeing elements and dismantle their logistics networks in the area.
He assured that the situation remained under control, with troops maintaining aggressive posture in the general area.
Troops neutralise eight terrorists in failed ambush operation in Borno
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