Inaugural MOFI Award to Promote Excellence in Corporate Governance- Takang

By: Michael Mike

The maiden edition of the MOFI Excellence Awards to promote excellence in corporate governance and performance across Federal Government-owned and Linked Enterprises is scheduled for 2026.

The Managing Director of the Ministry of Finance Incorporated (MOFI), Dr Amstrong Takang, who announced this at the formal unveiling in Abuja on Wednesday, said the awards would deepen the culture of good corporate governance, transparency, and accountability in the public sector of the nation’s economy.

Takang said the awards initiative, which follows the MOFI Corporate Governance Scorecard launched early this year as a part of its ongoing reform agenda, would recognise outstanding performance as well as redefine governance as a strategic asset driving transparency, accountability, and long-term value creation in government-owned entities.

He noted that MOFI Corporate Governance Scorecard revolves around key pillars that reflect global best practices adapted to Nigeria’s context, including effectiveness and independence of boards; robust control and risk management environment; strategic alignment and performance management; quality and timeliness of financial reporting and disclosure; and emerging issues of environmental, social and governance (ESG) as well as innovation, stakeholder engagement and sustainability.

He stated that MOFI believes that no strong economy would emerge without strong institutions, adding that strengthening the backbone of public institutions, by incentivising them to adopt best practices, would strengthen the entire nation’s economic outlook.

He disclosed that in the run-up to the awards next year, the process would involve the submission of documentation and data by portfolio companies required for their performance scorecard assessments and review of established criteria by an independent consultant and other experts.

He said once the technical review is completed, the consolidated findings through an evidence-based process would be presented to an Awards Panel tasked with the responsibility of providing independent oversight, by reviewing score distributions, and confirming entities that meet the threshold for recognition in each category.

Takang said: “What the Excellence Awards is building is the combination of a national Corporate Governance Scorecard for SOEs (state-owned enterprises) and an independently adjudicated excellence awards programme to serve as a model for other jurisdictions and as a reference point for investors and partners looking for credible signals of reform.”

To select the entities qualified for the awards, an independent panel, made up of individual experts and representatives of institutions renowned for promoting good governance, was inaugurated on Wednesday.

Members include representatives of the Financial Reporting Council, the Society for Corporate Governance Nigeria, the Chartered Institute of Directors, Nigeria Exchange Group and the Chartered Risk Management Institute.

Inaugurating the panel, the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, charged its members to make the awards a model of transparency and impact, to help deepen the culture of good corporate governance, transparency and accountability.
The integrity of the awards, the Minister pointed out, was dependent on the integrity of members of the panel responsible for judging and selecting prospective honourees.

He said MOFI Awards, which is open to all government-owned portfolios companies under MOFI management, would ultimately become the standard for corporate governance, transparency, accountability and integrity in the country over time.

“Your roles are pivotal in overseeing a transparent and rigorous process by ensuring the highest standard of institutional performance. We want to see that companies are not only run efficiently, but run according to the rule of law, sanctity of contracts, and regulations, and that they are timely with their financial reporting. There must be an open and independent process that must be merit-based,” he said.

He said the MOFI Excellence Awards was conceived to promote corporate governance excellence, high institutional performance, and strategic alignment across MOFI’s portfolio of public enterprises to spotlight on those boards and management teams that exemplify transparency, accountability, and strong performance.

He revealed the intention of the government would be to recognise agencies and their leaders who demonstrate high standards of transparency, accountability, and performance in managing public assets.

Edun said: “By doing so, we send a clear message that good governance and results will be rewarded, and that every entity under MOFI should strive towards the highest ideals of service and stewardship.”

He described the initiative as part of MOFI’s core mandate as the asset manager for the Federal Government charged with the responsibility of ensuring that government investments and state-owned enterprises were managed prudently and professionally.

In his response after the inauguration, the Chairman of the panel, who is also the Chairman/CEO of the J. K. Randle Group, a chartered audit, finance, tax, and accounting advisory firm, Bashorun J. K. Randle, expressed appreciation to the government for the confidence reposed in its members to serve.

Randle, who is also the former Chief Executive and Chairman of KPMG Nigeria and former Chairman of KPMG Africa, said the panel would do a good job to justify the confidence.

He said the composition of the panel with persons and entities with diverse perspectives and reputations for integrity would ensure that its evaluations would be independent, credible, and beyond reproach.

The MOFI Excellence Awards, the Chairman explained, would recognise and celebrate state-owned enterprises that demonstrate outstanding corporate governance, prudent risk management, sound ESG practices, and overall operational excellence.

He added that entities that have shown significant improvement over time, by incentivising everyone to attain those standards, while highlighting gaps and providing support to strengthen them, would also be recognised and rewarded.

“We want to send a clear message across the public sector that transparency, accountability and performance will be noticed and rewarded. We also want to foster a healthy sense of competition and peer learning among our portfolio companies,” he said.

In another development, the Managing Director and CEO of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, has dismissed the notion that the government should not be involved in the business of driving economic growth in the country.

He described this view as a fallacy, asserting that governments at all levels play a critical role in the development of any nation.

Takang highlighted that countries like China have proven that government intervention in the economy, alongside private sector participation, can lead to success. He emphasized that this is the kind of capitalism Nigeria should aim for.

He cited Singapore Airlines, which has been owned by a government agency similar to MOFI, as an example of a successful state-owned enterprise. The airline has remained a leader in global aviation for decades, showcasing the potential of government involvement in business.

“The government has a pivotal role to play because of its sovereign status and its ability to access resources that the private sector can’t,” Takang explained. “There are certain amounts of capital the government can mobilize where private companies simply don’t have access.”
 
He added that: “It’s a fallacy to suggest that only the private sector can grow businesses. At MOFI, we believe the government can leverage its sovereign status to drive business and create opportunities for the private sector, especially where they lack the necessary capital. The private sector still needs the government. And we believe state-owned enterprises have a significant role to play in the economy.”

Takang also discussed the MOFI Excellence Awards, which aim to foster a culture of governance, excellence, and performance in state-owned enterprises. The awards will serve as a tool to evaluate corporate governance, track contributions to GDP, job creation, and other economic sectors, and encourage these enterprises to prioritize impact and accountability.
 
“We want state-owned enterprises to perform at their best, and that’s why we introduced the MOFI Excellence Awards,” Takang said, adding. “The goal is to provide a framework for assessing these organizations and ensuring they contribute positively to the economy.”

He noted that some of MOFI’s portfolio businesses have already begun prioritizing dividend payments, signaling a shift toward better performance and accountability. 
 
“By institutionalizing these awards, we are creating a culture of excellence in corporate governance,” he added.

Inaugural MOFI Award to Promote Excellence in Corporate Governance- Takang

ActionAid: 45% women in Nigeria experience cyberstalking

By: Michael Mike

ActionAid Nigeria has decried that 45 percent of women in Nigeria have experienced cyberstalking.

It further lamented that also 10.6 percent is said to have faced doxing, which is revealing a person’s private information online to expose them to harm.

UN Women, alongside members of the Development Partners Group on Gender (DPGG) including ActionAid Nigeria, Plan International Nigeria, GIZ, TETRATECH SPRING, and CARE International in collaboration with the Federal Ministry of Women Affairs, convened a landmark National Multi-Stakeholder Dialogue on Technology-Facilitated Gender-Based Violence (TF-GBV) in Abuja.

Held as a flagship event of the 2025 16 Days of Activism against Gender-Based Violence, the dialogue brought together a broad coalition of government institutions, development partners, technology companies, law enforcement agencies, civil society organisations, digital rights groups, and survivor advocates to address the rapidly growing threat of violence against women and girls in online and digital spaces.

Technology-facilitated GBV ranging from cyber-harassment, non-consensual image sharing, online stalking, digital blackmail, hate speech, and exploitation—continues to escalate in Nigeria, yet reporting pathways remain unclear, institutional mandates overlapping, and coordination across sectors insufficient to match the complexity of digital harms.

The Civil Society Organisation, ActionAid Nigeria also revealed that women and girls especially activists, journalists, politicians, and influencers are major victims of high levels of technology-facilitated gender based violence.

Niri Goyit, Women activist and Programme Manager for Women’s Rights, ActionAid Nigeria, reeled out the data on Friday in Abuja at a National Multi-Stakeholders Dialogue on Technology-Facilitated Gender Based Violence, which was part of the #16daysofactivism 2025.

Goyit in her technical presentation: an overview of TF-GBV trends in Nigeria, listed patriarchal norms, low digital literacy, weak enforcement of online harassment laws, platform moderation gaps, and rapid spread of smartphones/apps as some of the drivers of T-FGBV in the country.

She noted that: “In Nigeria, 45% of women have experienced cyberstalking, especially women in public roles, and 10.6% have faced doxing.”

She stated further that: “Nigeria’s internet adoption has grown faster than the safeguards needed to protect users. Survivors as young as fourteen now seek help. Women in public life face coordinated attacks and gendered misinformation.”

She noted that local data shows that many women have experienced cyberstalking or doxing while thousands of sextortion linked accounts were removed by platforms.

She added that: “In Nigeria, digital spaces mirror offline gender power structures Women and girls—especially activists, journalists, politicians, and influencers—face high levels of threats, coordinated harassment, image-based abuse, and doxing.”

She also stated that: “Women and girls across all ages are affected, but some groups face heightened vulnerability: dolescent girls (12–17) and young women (18–35) due to early, frequent social media use and limited control over privacy.

Other vulnerable groups are Women in public roles — journalists, activists, politicians, influencers.

The aim, according to the activist is to silence or discredit them.

On the impact of TF-GBV on victims, Goyit said it includes withdraw or self-censor, reducing women’s civic participation and economic opportunities.

“TFGBV affects survivors in several ways. Emotionally it causes fear, anxiety and trauma. Socially many withdraw from relationships or communities due to shame. Economically some lose jobs or avoid opportunities. Online threats also escalate into physical danger especially when private information is exposed,” she explained further.

She blamed systemic challenges for low implementation of the laws against TF-GBV, saying “Several challenges stand in the way. Laws have not kept pace with digital realities. Many officers do not have the skills to handle digital evidence. Society often dismisses online abuse as jokes. Platforms act slowly and case management systems are weak. These issues combined create major obstacles for survivors.”

Noting the challenges, the ActionAid officer urged for collaboration among all stakeholders.

She stressed that “No single institution can handle TFGBV alone. Government agencies must provide clear pathways for reporting and investigation. Law enforcement needs support from digital experts. SARCs must connect with cybercrime units. Civil society offers survivor centred approaches while technology companies must improve takedowns and cooperation. When all actors work together survivors are protected more effectively.”

She however said: “Nigeria does not need entirely new laws that will take years to pass. The country can update the laws it already has to match today’s digital realities. Real progress will come from collaboration, clarity and survivor centred systems. When institutions adapt and work together Nigeria can build a safer digital environment for all.”

In his goodwill Message, the Country Director, ActionAid Nigeria, Mr. Andrew Mamedu reiterated the commitment of AAN to ending all forms of GBV including TF-GBV.

He also called on all the stakeholders to join in preventing the menace.

Mamedu who was represented by Goyit said: “At ActionAid Nigeria, our commitment to ending all forms of GBV including TF-GBV—remains firm.

“We work in communities to challenge harmful norms, support survivors, strengthen access to justice, engage men and boys, and build the capacity of women-led organisations.

“We recognise both the opportunities and risks of digital platforms, and we remain committed to ensuring that technology empowers rather than harms women and girls.”

He therefore urged all partners—government, civil society, private sector, media, development partners, and community leaders—to renew their shared commitment to preventing and responding to all forms of GBV.

Special Adviser to the President on Women’s Health, Dr. Adanna Steinaker, representing the Minister of Women Affairs, Mrs. Imaan Sulaiman-Ibrahim noted that:

“As technology evolves, so must our responses. Technology should be a tool for empowerment, not a weapon of abuse. As a nation, we are committed to building systems that protect women and girls in every space—including the digital world. This dialogue moves us closer to a Nigeria where online safety, accountability, and justice are guaranteed for all.”

”Technology-facilitated violence is one of the fastest-growing threats to gender equality. On behalf of UN Women, I reaffirm our commitment to working with the Government of Nigeria and all partners to ensure that women and girls can participate in digital spaces without fear. This dialogue is a critical step toward a coordinated national response that protects rights, amplifies accountability, and builds a safer future for all.” UN Women Acting Deputy Country Representative – Ms. Patience Ekeoba who spoke on behalf of the Country Representative to Nigeria and ECOWAS.

ActionAid: 45% women in Nigeria experience cyberstalking

Residents urged to take up employment in the Lassa General Hospital

By: Bodunrin Kayode

Residents of Lassa town have been urged to take up instant employment in the General Hospital Lassa in the southern senatorial zone of the state.

Borno State Governor, Babagana Zulum said this while on a visit to the facility which is in Lassa town recently.

The Governor decried the deliberate shying away from working in the General hospital by residents with ancestry from the town or the council area.

Zulum regretted that most of the residents with qualified medical background come home only for important holidays and run back but refuse to work for the growth of their town.

The Governor who was on a sympathy tour of the Lassa General hospital recently vowed to change the fortune of the hospital if only trained Borno doctors will be bold to pick the instant employment waiting for them in lassa.

He assured that he was going to recruit as much as five doctors to assist the hospital which has not had a doctor since 2020 when Dr Danladi the last Principal medical doctor died.

The Governor assured that he will do all he can to ensure that the promised employment is effected as soon as the doctors or nurses show up to start work.

Lassa General hospital built by missionaries in 1928 before independence became a recognized secondary facility with the full complements of medical doctors and nurses.

However, as at today the they not only lack doctors but also nurses, medical and health record workers and all manner of health workers that should run a renown facility like this General hospital.

Residents urged to take up employment in the Lassa General Hospital