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IMF, World Bank Must End Colonial Rule, Says ActionAid
IMF, World Bank Must End Colonial Rule, Says ActionAid
By: Michael Mike
ActionAid has said the time is up for the International Monetary Fund (IMF) and the World Bank to stop perpetuating a colonial rule on the world.
The call was made at the weekend as the two global financial institutions conclude their Spring meetings in Washington DC this week.
ActionAid, in the statement said for the last 80 years the IMF and World Bank have been in existence, not much has changed as global South countries have been pushed further into debt and are reeling from the impacts of IMF-imposed austerity measures.
In its 2023 report Fifty Years of Failure, ActionAid found that despite following the IMF’s advice for decades, many African countries are in debt distress or facing a high risk of debt distress. Austerity measures have blocked the recruitment of teachers, doctors and nurses, even in countries with severe shortages, and has squeezed public sector salaries at a time of a rising cost of living.
Global Lead on Economic Justice and Public Services at ActionAid International, Roos Saalbrink, said:“Countries in the global South have since the structural adjustment progammes been in perpetual austerity, eroding public health and education. At a time of unprecedented climate crisis and debt crisis in the global South, the Bretton Woods Institutions continue to oil the wheels of colonial exploitation and extraction. At the same time global South governments have very little say in the policies coming from these institutions at the centre of the international financial architecture. 80 years is enough.”
The statement said ActionAid is also concerned about a ‘gentleman’s agreement’ which has ensured that the IMF managing director has for 80 years been European and the World Bank president a US national.
Country Director of ActionAid USA, Niranjali Amerasinghe, said: “Kristalina Georgieva’s appointment is a continuation of the colonial era ‘gentleman’s agreement’, where rich western powers have the most say. It is unacceptable that 80 years later we are still having to call this out. The IMF must change its leadership selection process, its decision-making model, and the harmful practices that keep developing countries in a cycle of crisis.
“As the climate crisis wreaks havoc, global South countries are so deep in debt that they cannot adapt to these impacts. We are calling for debt cancellation and tax justice to help these countries free up the finances needed to build resilience to climate impacts.
“We need to see an overhaul of the international financial architecture with a proper debt workout mechanism, a UN tax convention, to ensure global South governments have a say over policies impacting them disproportionately.”
ActionAid is a global federation working with more than 41 million people living in more than 71 of the world’s poorest countries, the organisation wants to see a just, fair, and sustainable world, in which everybody enjoys the right to a life of dignity, and freedom from poverty and oppression. We work to achieve social justice and gender equality and to eradicate poverty.
IMF, World Bank Must End Colonial Rule, Says ActionAid
News
Boko Haram beheads women found with charms, accuses them of shirk in Gwoza
Boko Haram beheads women found with charms, accuses them of shirk in Gwoza
By: Zagazola Makama
Fighters of the Boko Haram faction loyal to Ali Ngulde have beheaded two women in the Mandara Mountain area of Gwoza Local Government Area of Borno State after accusing them of engaging in shirk (idolatry).
Sources told Zagazola Makama that the victims were apprehended by the terrorists who alleged they were found with charms (layu) during a search around its settlements.
In the video the insurgents claimed the charms found on the women were evidence of forbidden practices and immediately subjected them to the faction’s makeshift trial system.
They accused the two women of practising shirk after they found some charms on them. The terrorists took them to a secluded part of the mountains and executed them after the so-called trial,” the source said.
He added that the execution was carried out publicly in the presence of other fighters and people to instill fear and enforce obedience to the faction’s doctrines.
Zagazola reports that the Ali Ngulde faction has intensified punitive measures in recent months, targeting individuals accused of sorcery and spying while some were killed for attempting to defect..
Boko Haram beheads women found with charms, accuses them of shirk in Gwoza
News
NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry
NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry
By: Zagazola Makama
Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) in Yobe have intercepted two government-owned tractors allegedly being smuggled out of the state for illegal sale, uncovering what sources describe as an “internal sabotage network” within the State Ministry of Agriculture and Natural Resources.
Zagazola Makama gathered that the tractors, part of Governor Mai Mala Buni’s agricultural support programme, were reportedly diverted by officials who have long been suspected of selling government-owned farm machinery to neighbouring states.
It was gathered that the latest incident occurred on Oct. 22 when NSCDC personnel intercepted two tractors being moved from an estate along the bypass in Damaturu and headed towards the Nayinawa axis, allegedly en route out of the state.

A security source said that the tractors bore clear government insignia, leaving no doubt about their ownership. However, more than one month after the interception, no official from the Ministry of Agriculture including the Commissioner, Permanent Secretary or any departmental director, has stepped forward to officially claim the machinery or explain the circumstances surrounding the attempted diversion.
“These tractors carry bold government identification. Despite that, no authorised official has come to claim them or provide documentation. Instead, we have seen strong behind-the-scenes pressure to release them quietly,” the source said.
According to the source, the NSCDC officer who made the arrest insisted that all parties involved must appear to provide explanations before the tractors could be released. His refusal to bow to pressure allegedly angered influential interests both within the Corps and in the state bureaucracy.
Zagazola gathered that the officer was subsequently transferred out of Yobe State in what insiders described as an attempt to “bury the case and silence resistance”.
Investigations further revealed that this was not the first diversion of agricultural machinery under the state’s empowerment scheme. Some tractors were reportedly smuggled and sold in a neighbouring state months earlier, with no internal accountability action taken.
The diversion of the tractors undermines Governor Buni’s vision of strengthening mechanised farming, boosting food production and mitigating food shortages in Yobe.

A senior agricultural stakeholder, who pleaded anonymity, said: This is pure economic sabotage. These tractors were procured to support farmers and strengthen food security. Diverting them for personal gain is not just theft it is an attack on the state’s development.”
Zagazola reports that the tractors remain in NSCDC custody pending official claim and clarifications. Both the NSCDC and the Ministry of Agriculture have not issued public statements on the development as at the time of filing this report.
NSCDC intercepts diverted Yobe government tractors, exposes alleged sabotage ring in ministry
News
DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition
DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition
By: Zagazola Makama
Operatives of the Department of State Services (DSS) have apprehended a notorious bandit in Bojinji Village on the outskirts of Bauchi during a surprise raid, recovering millions of naira in cash and a large cache of ammunition.
Sources told Zagazola Makama that the suspect had relocated to Bauchi from Zamfara State, claiming to be fleeing persecution, and had settled in the community with his family. Bauchi has been a preferred destination for people affected by conflicts in neighbouring states, but security operatives say some criminal elements exploit this pattern to mask their activities.
The raid, carried out without prior warning, caught residents by surprise. “The DSS traced the suspect’s illicit wealth and movements before executing the operation,” a security source said.
Investigations revealed that the suspect was known locally for his lavish lifestyle, spending entire days drinking at Unguwar Yelwan Angas and buying alcohol for others, but no one suspected him of criminal activity until the DSS intervention.
Security officials have urged community members to assist security agencies by reporting suspicious individuals, particularly those whose lifestyle appears inconsistent with their means, as such vigilance is critical to preventing crimes and exposing criminal networks.
Security sources have confirmed that further investigations are ongoing to determine the extent of the bandit’s operations and any accomplices within the state.
DSS arrests notorious bandit in Bauchi village, recovers cash and ammunition
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