National News
EBID Signs USD30 Million Credit Line with Access Bank

EBID Signs USD30 Million Credit Line with Access Bank
… Other Financial Lifeline with Two Malian Companies
By: Michael Mike
ECOWAS Bank for Investment and Development (EBID) has signed a credit line of $30 million with Access Bank Plc in Ghana Small and Medium Enterprises (SMEs) to boost the agricultural business and related sectors, including processing, infrastructure, transport, and
women-owned businesses in the West African country.
The bank also signed two other separate finance agreements with two companies Baraka and Societe Niangadou Distribution Compagnie (NDC).
A statement from the bank on Wednesday read that: “On the side lines of the 30th Annual Meetings of the Afreximbank, the President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has signed three separate finance agreements with three companies namely Baraka, Societe Niangadou Distribution Compagnie (NDC)
and Access Bank Plc on Tuesday June 20, 2023, in Accra, Ghana.”
According to the statement, the first agreement entails an extension of facility amounting to EUR 10 million, aimed
at increasing Baraka’s capacity to finance the supply of petroleum products to marketers and mining companies in the Republic of Mali. This follows a previous agreement in 2022, where EBID extended a facility of EUR 7 million to Baraka SBP for the acquisition of 47 tanker trucks, expanding the company’s fleet to meet the growing demands of the Malian economy.
The second agreement focuses on enabling Societe NDC SAU to expand its interventions in the energy sector of Mali as a petroleum product supplier. It provides a revolving facility of EUR 10 million for the importation and marketing of petroleum products.
The statement said together, these two agreements demonstrate EBID’s commitment to supporting projects in both the private and public sectors in Mali, with a cumulative commitment of 275 billion FCFA.
The third agreement involves a credit line of $30 million to Access Bank Plc in Ghana, dedicated to on-lending to Small and Medium Enterprises (SMEs) in the agricultural business and related sectors, including processing, infrastructure, transport, and women-owned businesses.
The statement said “Dr George Agyekum Donkor, President of EBID, emphasized that the signing of these agreements aligns with the bank’s strategic orientation to invest in the growth poles of ECOWAS Member States. He highlighted Mali as a landlocked, non-oil-producing country heavily dependent on fuel transported by tankers from neighboring countries.
“Dr Donkor stressed the importance of ensuring a consistent supply of petroleum products to support key economic activities, particularly in sectors such as industry and mining. He urged all stakeholders to utilize these facilities effectively to foster the transformation of ECOWAS communities.”
According to the statement, representatives from each company, including Mr. Sadio Bathily, Managing Director of Baraka, Mr. Mamadou Niangadou, Chief Executive Officer of Societe NDC SAU of Mali, and Mr. Olumide Olatunji Managing Director of Access Bank Plc, expressed their appreciation and commitment to utilizing the financing to drive growth, enhance operations, and contribute to the development of their respective sectors.
The statement added that: “The ECOWAS Bank for Investment and Development remains dedicated to its mandate of promoting economic and social development in the ECOWAS region through strategic investments and partnerships. These agreements signify EBID’s ongoing efforts to provide financial solutions that spur private sector development and contribute to the sustainable growth of the region.”
ECOWAS Bank for Investment and Development (EBID) is a leading regional investment and development bank, owned by the 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.
EBID Signs USD30 Million Credit Line with Access Bank
National News
UNILORIN Alumni Commences Tinubu on Appointment of Nandap, Omotowa, Aribisala

UNILORIN Alumni Commences Tinubu on Appointment of Nandap, Omotowa, Aribisala
By: Michael Mike
The National Headquarters of University of Ilorin Alumni Association has lauded President Bola Tinubu for appointing three of its members into various leadership positions in the country.
Those appointed were Comptroller General of Immigration, Mrs Kemi Nandap,, whose tenure was elongated till December 2026, Non Executive Director of NNPC, representing North Central, Mr Babs Omotowa- and the Pioneer Vice Chancellor of Federal University of Technology and Environmental Sciences, Iyin-Ekiti, Prof. James A. Aribisala.
In a congratulatory message to the trio, the National President, Prof. AbdulRasaq Kilani, and the National Secretary, Dr Barakat Raji, said the Association received the news of the appointments with excitement.
The Alumni, who commended President Tinubu for selecting the best for their various positions, assured him that the three alumni would not disappoint him in attaining the goals set for them to achieve.
While felicitating with the appointed members on their well-deserved appointment, the Association charged them to always show the excellence in them in surpassing the targets set for them by Mr President.
The Association who extolled the pedigrees of the appointed members in their various fields, implored them to live up to the expectations of the slogan of the institutions “better by far” in all ramifications.
The Alumni then prayed for their successful tenure and tasked them not to hesitate to reach out to them whenever their services are needed in any capacity towards national development.
UNILORIN Alumni Commences Tinubu on Appointment of Nandap, Omotowa, Aribisala
National News
President Tinubu reconstitute NNPC Board, remove Kyari Mele

President Tinubu reconstitute NNPC Board, remove Kyari Mele
By: Our Reporter
President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.
In a statement signed by Bayo Onanuga,
Special Adviser to the President (Information & Strategy), President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.
The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.
Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.
Six board members, non-executive directors, represent the country’s geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represents North Central.
President Tinubu appointed Austin Avuru as a non-executive director from the South-South, David Ige as a Non-executive director from the South West, and Henry Obih as a non-executive director from the South East.
Mrs Lydia Shehu Jafiya, permanent secretary of the Federal Ministry of Finance, will represent the ministry on the new board, while Aminu Said Ahmed will represent the Ministry of Petroleum Resources.
All the appointments are effective today, April 2.
President Tinubu, invoking the powers granted under Section 59, subsection 2 of the Petroleum Industry Act, 2021, emphasised that the board’s restructuring is crucial for enhancing operational efficiency, restoring investor confidence, boosting local content, driving economic growth, and advancing gas commercialisation and diversification.
President Tinubu also handed out an immediate action plan to the new board: to conduct a strategic portfolio review of NNPC-operated and Joint Venture Assets to ensure alignment with value maximisation objectives.
Since 2023, the Tinubu administration has implemented oil sector reforms to attract investment. Last year, NNPC reported $17 billion in new investments within the sector. The administration now envisions increasing the investment to $30 billion by 2027 and $60 billion by 2030.
The Tinubu administration targets raising oil production to two million barrels daily by 2027 and three million daily by 2030. Concurrently, the government wants gas production jacked to 8 billion cubic feet daily by 2027 and 10 billion cubic feet by 2030.
Furthermore, President Tinubu expects the new board to elevate NNPC’s share of crude oil refining output to 200,000 barrels by 2027 and reach 500,000 by 2030.
The new board chairman, Ahmadu Musa Kida, is from Borno State. He is an alumnus of Ahmadu Bello University, Zaria, where he received a degree in civil engineering in 1984. He also obtained a postgraduate diploma in petroleum engineering from the Institut Francaise du Petrol (IFP) in Paris
He started his career in the oil industry at Elf Petroleum Nigeria and later joined Total Exploration and Production as a trainee engineer in 1985.
Musa became Total Nigeria’s Deputy Managing Director of Deep Water Services in 2015. Last year, he became an Independent Non-Executive Director at Pan Ocean-Newcross Group.
Apart from his oil industry career, Ahmadu Musa Kida is a former basketballer and the president of the Nigerian Basketball Federation(NBBF) board.
Ojulari, the new NNPC Limited Group CEO, hails from Kwara State. Until his new appointment, He was Executive Vice President and Chief Operating Officer of Renaissance Africa Energy Company. His Renaissance recently led a consortium of indigenous energy firms in the landmark acquisition of the entire equity holding in the Shell Petroleum Development Company of Nigeria (SPDC), worth $2.4 billion.
Like Kida, Ojulari is also an alumnus of Ahmadu Bello University, Zaria. He graduated with a degree in Mechanical Engineering. He worked for Elf Aquitaine as the first Nigerian process engineer to begin a stellar career in the oil sector. From Elf, he joined Shell Petroleum Development Company of Nigeria Ltd in 1991 as an associate production technologist.
Apart from working in Nigeria, he worked in Europe and the Middle East in different capacities as a petroleum process and production engineer, strategic planner, field developer, and asset manager. In 2015, he became the managing director of Shell Nigeria Exploration and Production Company (SNEPCO).
During his career, he was chairman and member of the board of trustees of the Society of Petroleum Engineers (SPE Nigerian Council) and a fellow of the Nigerian Society of Engineers.
President Tinubu thanked the old board members for their dedicated service to NNPC Limited, particularly their efforts in rehabilitating the old Port Harcourt and Warri refineries, which enabled them to resume petroleum product production after prolonged shutdowns. He wished them well in their future endeavours.
President Tinubu reconstitute NNPC Board, remove Kyari Mele
National News
Uromi Killing: NHRC Demands Protection for All Nigerians

Uromi Killing: NHRC Demands Protection for All Nigerians
The National Human Rights Commission (NHRC) has condemned the recent gruesome killing of 16 traveling hunters in Edo State, who were mistook for kidnappers.
The Executive Secretary of the Commission Dr. Tony Ojukwu expressed deep concern over the horrific incident, which highlights the dangers of mob justice and the urgent need for effective law enforcement and respect for human rights.
He said: “We commend Edo State Governor, Monday Okpebholo, for his swift and decisive action in suspending the Commander of the Edo State Security Corps, CP Friday Ibadin (Rtd.), and banning all illegal vigilante groups operating in the state, but more need to be done.”
Ojukwu said the Commission wishes to use this opportunity to remind the government and the people of Nigeria that every individual has the right to life, as enshrined in Chapter 4 of the 1999 Constitution as amended as well as Article 4 of the African Charter on Human and Peoples’ Rights and Article 6 of the International Covenant on Civil and Political Rights.
He equally said the Commission emphasized that the freedom of movement, as guaranteed by the Constitution and Article 12 of the African Charter on Human and Peoples’ Rights and Article 12 of the International Covenant on Civil and Political Rights, has been grossly violated in this dastardly incident.
Ojukwu said: “We at the Commission demand that all the perpetrators be fished out and brought to justice. We call on the government to take concrete steps to prevent such incidents in the future, there is no justification for jungle justice anywhere in the world.”
He emphasized that every Nigerian has the right to life, dignity, and freedom from violence, regardless of their ethnicity, religion, or occupation, assuring that the Commission will continue to advocate for the protection of human rights and the rule of law in Nigeria.
Ojukwu said: “We urge the Edo State Government to continue its investigation into the killings and ensure that all perpetrators face the full wrath of the law. On our part, we will continue to monitor the process of investigation to ensure that justice is served. This will serve as a deterrent to others.
“Promotion and protection of human rights is paramount to national development, let’s all imbibe the culture of respect for human rights and fundamental freedom to make Nigeria a better place.”
Uromi Killing: NHRC Demands Protection for All Nigerians
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