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EBID Launches ESG Financing Framework

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EBID Launches ESG Financing Framework

By: Michael Mike

The ECOWAS Bank for Investment and Development (EBID) has published its inaugural Environmental, Social, and Governance (ESG) Financing Framework, signalling its commitment to sustainable development and green financing of key projects in priority sectors.

The Framework, which has received a positive assessment from ISS Corporate Solutions, will play a crucial role in linking EBID’s resource mobilization strategy with its objectives of promoting resilient, inclusive, and sustainable growth in its member states.

A statement from the bank quoted it’s President and Chairman of the Board of Directors, Dr George Agyekum Donkor as saying: “We are thrilled to launch our ESG Financing Framework and receive this positive assessment from ISS ESG Solutions,” he added that: “EBID is committed to leading the charge for green financing in the ECOWAS region and fostering the emergence of an economically strong, industrialized, and prosperous West Africa. This Framework will allow us to structure and execute ESG-related funding transactions that support the deployment of capital outlined in our Strategic Plan 2021-2025.”

According to him, “EBID’s ESG Financing Framework includes four green project categories and seven social project categories, all of which have been assessed as generating a positive contribution to sustainability”, with no project categories assessed as having “no net impact” or having a lower assessment.

The ISS Second-Party Opinion, published alongside the Framework, highlights the Bank’s commitment to the Sustainability and Development Goals (SDGs) and its objectives of promoting economic integration, healthcare delivery, social protection, and climate resilience.

The publication of the ISS Second-Party Opinion demonstrates EBID’s commitment to sustainable development and provides greater transparency on the actions it is taking to foster sustainable growth in its member states. With its balance sheet size set to increase by 80% over the next five years, EBID is well-positioned to make a positive impact on the ECOWAS region and become the leading regional investment and development bank in West Africa.

Donkor said: “We are proud to play a role in supporting EBID’s ESG initiatives and the positive impact they will have on the ECOWAS region,” said ISS Corporate Solutions. “This Framework is a testament to EBID’s commitment to sustainable development and demonstrates their position as a leader in green financing in the region.”

The statement said EBID was advised by Rothschild & Co on the structuring of the Sustainable Finance Framework and on the Second Party Opinion review process.

EBID is a leading regional investment and development bank, owned by the fifteen (15) ECOWAS Member States, namely, Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo. Based in Lomé, Togolese Republic, the Bank is committed to financing developmental projects and programmes covering diverse initiatives from infrastructure and basic amenities, rural development and environment, industry, and social services sectors, through its private and public sector windows. EBID intervenes through long, medium, and short-term loans, equity participation, lines of credit, refinancing, financial engineering operations and related services.

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We were sexually abused by our Chinese employers in CAR, rescued Nigerian workers alleged

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We were sexually abused by our Chinese employers in CAR, rescued Nigerian workers alleged

By: Michael Mike

Rescued 12 Nigerian trapped workers in Central African Republic (CAR) on Friday narrated their ordeal on breathing air of freedom in Nigeria, alleging that they were sexually harassed by their Chinese employers while workers at mining site.

The 12 stranded Nigerian men whose video went viral some three weeks ago finally arrived Nigeria and paid an appreciation visit to the NIDCOM office, where they were received by Chairman/ CEO Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, and other management staff.

The leader of the rescued workers, Igorigo Freeborn said it is important for the world to know that despite owing them 11 months salaries, “we were homosexually abused by our Chinese employers in CAR.

“I am not ashamed to say it. I want other people to learn from it. We were treated badly there but thank God for sparing our lives to tell the stories today.

“I am one of those people who usually abuse Nigeria and I don’t think anything good can come out of the country but we were all so happy to receive help and succour from Nigeria.

“Let me use this opportunity to thank President Bola Ahmed Tinubu, the Minister of Foreign Affairs, the CAR Ambassador in Bangui, the Nigerians in Diaspora Commission (NIDCOM) ,NEMA, Immigration Service and other government agencies for coming to our rescue almost immediately”, he said.

Freeborn said they had suffered a lot in the past 20 months that they left Nigeria and pleaded with the government to help them redress the injustices meted out to them by their employers.

He recalled how they were left stranded in the forest after work without payment leaving them starving in a harsh and unsafe living conditions. With support from the Presidency Ministry of Foreign Affairs ,NIDCOM, and the Nigerian mission, they were relocated to Bangui, provided with medical care, and eventually brought safely back home.

Welcoming back the returnees to Nigeria, Hon. Abike Dabiri-Erewa, assured them that justice will be served as the Commission in conjunction with relevant government agencies would take up the matter on their behalf.

The NIDCOM boss condemned the acts as inhumane and assured that the matter would be pursued to ensure justice is served in line with the citizen diplomacy of President Ahmed Bola Tinubu.

She counselled them to be of good behaviour and partner with the Commission in its advocacy on irregular migration and its consequences.

NIDCOM through Hon. Abike Dabiri-Erewa gave some cash support to all the returnees to enable them settle down while expecting their unpaid salaries.

She also called on well meaning Nigerians and corporate organisations to assist the Nigerians to settle down back in the country.

A cash donation from Perchstone and Greys, presented by Mr. Toyin Adenugba on behalf of Dr. Tolu Aderemi, Secretary to the Board of Trustees of the JAALS Foundation, were given to all the 12 returnees.

Adenugba explained that the support was a demonstration of belief in the evacuees’ potential, meant to serve as a seed for rebuilding their lives, supporting their families, and creating new opportunities at home.

Other rescued workers are Rotimi Kupoluyi, Ajosi Julius, Odeh Collins, Anifowoshe Yekini, Akubo Oluwaseun and Olayemi Peter Adewale.

Others were Stephen Abel Otkli, Samuel Ojochenemi, Alih Joel Muhammed, Unekwu Bala and Yusuf Bameyi.
End

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Police arrest MOPOL, security guards over warehouse burglary in Ogun

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Police arrest MOPOL, security guards over warehouse burglary in Ogun

By: Zagazola Makama

The Police in Ogun have arrested a mobile policeman and several security guards for alleged conspiracy, burglary and theft from a warehouse belonging to H.K Printing & Packaging Limited, Agbara.

Security sources told Zagazola Makama that the incident occurred on Aug. 9 at about 11:00 p.m., when a truck drove into the company premises and proceeded to the warehouse, allegedly aided by security operatives on duty.

According to the sources, Insp. Ibrahim James, attached to PMF 16 Abeokuta, was captured on CCTV moving around and allegedly leading the operation.

Another officer, Insp. Olabamipe Olaiya, posted to the same beat, was said to be absent from duty at the time.

The company’s security guards and the implicated police personnel allegedly conspired with others still at large to break into the warehouse and cart away goods whose total value is yet to be ascertained.

Police detectives led by CSP Phillips Abayomi, Acting ACP, Agbara Division, visited the scene and arrested the mobile policeman along with the private security guards on duty during the incident.

The suspects are being interrogated, while efforts are ongoing to track down fleeing accomplices and recover the stolen items.

Police arrest MOPOL, security guards over warehouse burglary in Ogun

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Police launch manhunt for herbalist over alleged ritual killing in Nasarawa

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Police launch manhunt for herbalist over alleged ritual killing in Nasarawa

By: Zagazola Makama

The Nasarawa State Police Command says it is searching for a herbalist, simply identified as Alfa, over alleged involvement in a ritual killing and attempted murder in Mararaba.

It was gathered that the case was reported by one Jamilu Abubakar, a vigilante member.

Abubakar allegedly accompanied two young men to Alfa’s residence on Aug. 12 to seek spiritual assistance purportedly to make more money through internet fraud.

“It was gathered that Alfa prepared a concoction and meat for the victims to eat. Shortly after consuming the meal, both developed severe stomach pain and were rushed to the Federal Medical Centre (FMC), Mararaba.

“Sadly, one of the victims, Ani Sunday, aged 21, was confirmed dead by the doctor on duty, while the second, Tosin Akurunor, is responding to treatment,” said the sources.

He said Abubakar had been arrested for his role in taking the victims to the herbalist, while the main suspect, Alfa, was at large.

Efforts are ongoing to apprehend Alfa and conclude investigations, he added.

Police launch manhunt for herbalist over alleged ritual killing in Nasarawa

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