News
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
By: Michael Mike
The Federal Government is set to tighten oversight and raise performance standards across its portfolio of state-owned enterprises with the launch of the MOFI Excellence Awards, a new accountability-driven initiative scheduled for the second quarter of 2026.
The awards, to be introduced by the Ministry of Finance Incorporated (MOFI), are aimed at institutionalising transparency, discipline and measurable performance in Federal Government-owned enterprises, marking a shift from discretionary oversight to structured, benchmarked governance.
MOFI said the initiative is part of broader reforms aligned with President Bola Ahmed Tinubu’s economic agenda, which seeks to improve fiscal discipline, unlock value from public assets and reduce the burden of inefficient enterprises on the national treasury.
At the core of the process is the MOFI Corporate Governance Scorecard, launched in April 2025, which now serves as a standardised tool for assessing Boards and management teams against international best practices in transparency, risk management and compliance.
An independent technical panel, inaugurated in December 2025 by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will conduct the assessments. Portfolio companies will be evaluated using strict criteria, including regulatory compliance, Board effectiveness, financial controls and sectoral impact.
According to MOFI, the awards are not intended as ceremonial recognition but as a mechanism to drive behavioural change across public enterprises by linking governance quality to reputational standing and future oversight.
“The MOFI Excellence Awards represent a structural reset in the way public enterprises are managed,” the Ministry said in a statement. “Transparency is no longer optional, compliance is measurable, and performance outcomes are central to fiscal responsibility.”
Institutions that emerge as top performers will be recognised for demonstrating strong governance culture, operational discipline and accountability, while underperforming entities are expected to face closer scrutiny and corrective interventions.
MOFI said the initiative will also provide policymakers with clearer data on enterprise performance, enabling more informed decisions on restructuring, capital allocation and potential private-sector participation.
Analysts say the move could signal a turning point in public enterprise management, particularly if the scorecard and awards framework is consistently applied and tied to consequences.
Further details on the awards and governance framework are available on MOFI’s official website, www.mofi.com.ng.
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
Military
COAS commissions 6 Division RSM House, reaffirms frontline leadership role of regimental sergeant majors
COAS commissions 6 Division RSM House, reaffirms frontline leadership role of regimental sergeant majors
By Zagazola Makama
The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, has reaffirmed the critical role of Regimental Sergeant Majors (RSMs) in strengthening discipline, leadership and operational effectiveness across the Nigerian Army.
The COAS made the remarks on Friday during the commissioning of the newly constructed 6 Division Regimental Sergeant Major’s House in Port Harcourt as part of activities marking the 163rd Nigerian Army Day Celebration (NADCEL 2026).
Speaking at the event, Lt.-Gen. Shaibu described RSMs as the backbone of regimental administration and custodians of discipline, standards and morale within the Army.
He said the provision of dedicated accommodation for RSMs was not merely a welfare initiative but a strategic investment aimed at enhancing leadership at the unit level and improving operational efficiency.
According to the Army Chief, RSMs play a vital role in translating command directives into action, maintaining troop cohesion and ensuring effective implementation of operational orders across various theatres of operation.
He added that the senior non-commissioned officers also serve as the crucial link between officers and soldiers, fostering professionalism, mutual trust and esprit de corps within formations and units.
Shaibu noted that the influence of RSMs in mentoring soldiers, enforcing discipline and sustaining troop morale remains indispensable to the success of military operations.
He stressed that providing conducive accommodation for key regimental leaders would enhance their ability to discharge their responsibilities effectively and contribute to improved operational readiness.
The COAS reiterated that under his “Soldier First” philosophy, the welfare of personnel, particularly those occupying critical leadership positions, remains a top priority.
He maintained that sustained investment in welfare infrastructure and leadership development would continue to strengthen the Nigerian Army’s capacity to remain a resilient, professional and combat-ready force capable of addressing the country’s evolving security challenges.
COAS commissions 6 Division RSM House, reaffirms frontline leadership role of regimental sergeant majors
Troops intercept cattle grazing in restricted area in Plateau, herders flee
By: Zagazola Makama
Troops of Operation Enduring Peace (OPEP) have intercepted a herd of cattle found grazing in a restricted area in Barkin Ladi Local Government Area of Plateau State.
Intelligence sources told Zagazola Makama that the troops of Sector 4 OPEP responded to a report of illegal grazing at about 3:30 p.m. on Friday in Nyerwie village.
The sources said that upon arrival at the location, the troops found a herd of cattle grazing in the restricted area.
The herders reportedly fled into nearby bushes on sighting the troops, abandoning the livestock.
The intercepted cattle were subsequently moved to a secure location for necessary administrative action, while efforts are ongoing to identify and apprehend the fleeing herders, the sources said.
Troops intercept cattle grazing in restricted area in Plateau, herders flee
Troops Arrest Two Suspected Vandals, Recover Stolen Construction Materials in Jos
By: Zagazola Makama
Troops of Operation Enduring Peace (OPEP) have arrested two suspected vandals in Jos North Local Government Area of Plateau State for allegedly stealing construction materials from an ongoing road construction site.
Security sources said the suspects, identified as Arin Itse, 21, and Agwom Christopher, 19, were arrested at about 9:30 a.m. on Friday during a routine patrol by troops of Sector 1, Sub-Sector 12, along the Kwanga road in Jos North.
The sources said the suspects were intercepted while in possession of iron rods suspected to have been stolen from a road construction company handling an ongoing project in the area.
According to the sources, the suspects were taken into custody for further investigation, while the recovered iron rods were handed over to the construction company.
The sources added that investigations were ongoing to determine the circumstances surrounding the alleged theft and whether other persons were involved.
Troops Arrest Two Suspected Vandals, Recover Stolen Construction Materials in Jos
COAS commissions 6 Division RSM House, reaffirms frontline leadership role of regimental sergeant majors
Troops intercept cattle grazing in restricted area in Plateau, herders flee
Troops Arrest Two Suspected Vandals, Recover Stolen Construction Materials in Jos
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