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BOI, AFD Sign €2.5m Grant Agreement

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BOI, AFD Sign €2.5m Grant Agreement

By: Michael Mike

Bank of Industry (BOI) and the French Development Agency (AFD) have signed a grant agreement for €2.5 million delegated by the Green Climate Fund (GCF) which will further their partnership to fight climate change in Nigeria.

A statement on Thursday by the French Embassy in Nigeria, said France having committed more than €1.5 billion to the Green Climate Fund since 2019, it was only natural that the meeting took place at the French Embassy under the primary patronage of the French Ambassador to Nigeria and ECOWAS.

Earlier on August 23rd, 2022, BOI and AFD have signed a €100m credit-line for the expansion of green finance in Nigeria. This was approved under AFD’s Transforming Financial Systems for Climate (TFSC) Programme with the Green Climate Fund (GCF), a USD650 million-Programme developed in 17 countries for 100% climate investment projects.

The TFSC Programme focuses on financing investments that contribute to climate change mitigation or adaptation, specifically projects focused on renewable energy, low carbon and efficient energy generation, climate smart agriculture technologies, clean urban transportation and others.

With the BoI and AFD understanding the importance of mainstreaming Climate Finance within BOI’s strategy and operations; therefore, the grant agreement sets up a technical assistance scheme for BoI.

According to the statement, the objective is to build the capacity of BoI, thereby providing tools for effective identification and development of eligible bankable climate-related projects as well as improving the readiness of the bank’s customers to implement green practices in their operations.

The statement added that in this context, the implementation of the Environment and Social Governance framework provided for in the credit agreement will be an important part of the technical assistant mandate.

Managing Director/Chief Executive Officer, Bank of Industry, Mr. Olukayode Pitan, at the grant agreement signing ceremony, said: “Given the serious threat that climate change poses to equitable and sustainable development in Nigeria, it is critical for us at BOI to take the lead in mobilizing capital for green and sustainable investment. In addition to the line of credit, the € 2.5m Technical Assistance funds will support capacity building for BOI and its customers, thereby enabling the scaling of current efforts by BOI towards climate change mitigation and adaptation. This will contribute significantly to reducing Nigeria’s carbon foot print.

“With specific reference to Gender Equality, the technical assistant will support BOI in the development and implementation of professional gender equality and gender lens investing policies”

Country Director for AFD, Mr. Xavier Muron bearing in mind the Paris Agreement, recognized BoI’s commitment to embed sustainability in its business practices to drive strategic social, economic and environmental impact in the communities the Bank serves.

Needless to say that for BoI, a key financial actor supporting the country’s goal to reach carbon neutrality, having a strong technical assistance to build its climate finance strategy is paramount,
Pitan acknowledged the dedication of AFD, the GCF and its strategic partners to ensure a smooth and efficient implementation of this deal.

He said: “BOI welcomes its partnership with the AFD and GCF as it continues to implement President Muhammadu Buhari’s policies with respect to climate finance. We commend the professional approach adopted by these partners in delivering this technical assistance package. We are confident it will enhance BOI and its customers’ capacity and readiness for climate finance. We believe this is the beginning of a long and mutually beneficial relationship.”

Meanwhile, Muron appreciated the strong relationship BoI and AFD have been building and looks forward to further support the BoI in its activities towards achieving the SDGs.

BOI, AFD Sign €2.5m Grant Agreement

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Nigeria Commiserates with Catholic Church Over Demise of Pope Francis

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Nigeria Commiserates with Catholic Church Over Demise of Pope Francis

By: Michael Mike

The Federal Government has expressed profound sorrow at the passing of His Holiness Pope Francis, who died on Monday, 21 April 2025, at the age of 88 years.

The departed Holy Father, the political head of Vatican City and the head of the Catholic Church, was described in the statement as a global moral leader whose papacy was marked by humility, compassion, and an unwavering commitment to peace, social justice, and the dignity of all people.

The statement read: “Nigeria commiserates with the teaming population of the catholic church in the country and joins the international community, particularly the Catholic faithful worldwide, in mourning this immense loss. Pope Francis’ deep concern for the marginalized; including refugees, the poor, and victims of conflict, resonated strongly in Nigeria, where his calls for interreligious harmony and solidarity were a beacon of hope amid challenges.

“His historic 2022 apology for the Church’s role in colonial injustices, including the suffering of Indigenous peoples, indeed set a powerful example of reconciliation. Also worthy of commendation is his advocacy for peace in Africa, and other conflict areas in the world, reflecting his universal pastoral mission.”

The statement further read that: “In this moment of grief, therefore, Nigeria extends heartfelt condolences to the Vatican, the Catholic Church, and the Argentine people, who gifted the world this extraordinary pontiff.

“We pray for the repose of his soul and trust that his legacy of mercy, dialogue, and care for our common home will endure.”

Nigeria Commiserates with Catholic Church Over Demise of Pope Francis

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Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

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Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

By: Zagazola Makama

A suspected abduction occurred on April 18, 2025, when Mr. Yangi Ming, a Chinese national working at Panda Supermarket in Jabi, was reportedly abducted by unknown individuals.

Intelligence sources told Zagazola Makama that Mr Yangi Ming left his residence at Stargate Apartment in Durumi around 1700hrs and was last seen wearing brown shorts and a black polo shirt.

His sister, Aisha Pan, residing in Sharanda, Kano State, later received a ransom demand of ₦300 million, made from Yangi Ming’s mobile phone number.

Chinese National Abducted in Durumi Abuja, as Kidnappers demand N300million ransom

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India-bound Siblings Arrested with Cocaine at Lagos Airport

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India-bound Siblings Arrested with Cocaine at Lagos Airport

By: Michael Mike

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested two siblings at the Murtala Muhammed International Airport, Lagos during a planned travel to India with 5 kilogrammes of cocaine.

The spokesman of the anti-narcotics agency, Femi Babafemi in a statement on Sunday said: “Operatives of a Special Operations Unit of the National Drug Law Enforcement Agency, NDLEA, have arrested two brothers: John Abugu, 43, and Kenneth Abugu, 31, at the Murtala Muhammed International Airport, MMIA Ikeja, Lagos with 5 kilogrammes cocaine concealed in walls of their suitcases while attempting to board a flight to India.”

He said the two brothers were arrested at the Lagos airport last Thursday following proactive processing of credible intelligence. He said they claimed they were travelling to India for medical treatment but when their suitcases were thoroughly searched by NDLEA officers, whitish powdery substances later confirmed to be cocaine were discovered on the walls of their bags.

Babafemi said in a similar development, NDLEA officers of the MMIA Strategic Command same day, Thursday intercepted a 20-year-old Ghanaian – British man, Parker Osei with 36 parcels of Loud, a strong strain of cannabis weighing 19.4 kilogrammes packed in a giant travelling bag. The suspect who claims he is a student of Computer Science at East London University, UK, was arrested during the inward clearance of passengers on an Ethiopian Airlines flight from Bangkok, Thailand, at the E-arrival hall of the Lagos airport.

In his statement, the techie claims he lives with his parents in the UK but left London about a week ago for Bangkok where he picked up the illicit drug consignment to deliver in Nigeria.

NDLEA operatives in Kogi state have arrested a 33-year-old woman, Ngozi Ogili while moving 3 kilogrammes of methamphetamine from Lagos to Abuja. She was nabbed in a commercial transport bus along Okene-Lokoja highway last Monday. Babafemi said a follow up operation at her point of delivery in Apo mechanic area of Abuja led to the seizure of quantities of Loud and Colorado, both synthetic strains of cannabis.

In Abia state, NDLEA officers on Saturday arrested a 75-year-old grandpa, Nnanna Felix with 1.6 kilogrammes skunk, a strain of cannabis during a raid at Umunteke Asa, Ukwa West local government area, while another suspect David Chinemerem, 21, was nabbed with 2,050 ampoules of pentazocine at 7 Nnajiego Lane, Umuode road, Aba last Tuesday.

No fewer than 381 bottles of codeine syrup and 108 tablets of tramadol were seized from a suspect, Abdullahi Adamu along Potiskum-Damaturu road, Yobe state by NDLEA operatives on Saturday, just as raid operations at Osogbo motor park, Onitsha and a house at Oba in Idemili Local Government Area of Anambra state led to the arrest of Obinna Sunday and the seizure of 195,000 pills of tramadol. Also arrested during the raid at the motor park was Ugochukwu Ojalanonye with 4.2 kilogrammes codeine syrup and 5.4kg pentazocine.

In the Federal Capital Territory, FCT, NDLEA operatives last Thursday arrested 51-year-old Sunday Ayogu with 25 kilogrammes skunk and 90.4 grammes of methamphetamine during a raid operation at Wuse market Abuja, while two women: Faith Etim, 64, and Victoria Etim, 40, were nabbed lasr Friday when NDLEA operatives supported by men of the Nigerian Army raided cannabis plantations in Esuk-Odot community, Odukpani local government area of Cross River State where 250,000 kilogrammes of the psychoactive plant were destroyed on over 100 hectares of farm land.

Babafemi said with the same vigour, commands and formations of the agency across the country continued their War Against Drug Abuse (WADA) sensitization activities to schools, worship centres, work places and communities among others in the past week.

Meanwhile, while commending the officers and men of MMIA, SOU, Yobe, Abia, Kogi, Anambra, Cross River and FCT commands of the agency for the arrests and seizures, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd) stated that their operational successes and those of their compatriots across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts are well appreciated.

India-bound Siblings Arrested with Cocaine at Lagos Airport

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