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Inaugural MOFI Award to Promote Excellence in Corporate Governance- Takang

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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

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UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills

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UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills

By: Michael Mike

A strategic collaboration between UNESCO and the CWAY Group is equipping National Youth Service Corps (NYSC) members with critical knowledge on sexual and reproductive health, life planning, and community development.

The initiative, unveiled during an orientation programme, is part of a broader social responsibility effort aimed at reducing risky behaviours among young people while preparing them to become productive contributors to Nigeria’s development.

Speaking at the event, the National Project Officer and Head of Education Sector a.i with UNESCO, Mr. Adeyemi Oladeji explained that the intervention focuses on providing early and accurate information to corps members, particularly during their three-week orientation camp, a period often associated with exposure to risky sexual behaviour.

“This is a preventive approach,” he said. “If young people are properly informed early, they are more likely to make responsible decisions that will not derail their life goals.”

The programme addresses key issues such as teenage pregnancy, gender-based violence, HIV prevention, and life skills development. It is also designed to help young people align their personal ambitions with national development goals, ultimately contributing to Nigeria’s demographic dividend.

A key component of the initiative is the training of selected corps members under the Sustainable Development Goals (SDGs) and HIV Community Development Service (CDS) groups as master trainers. These trained volunteers will extend the campaign beyond schools by engaging out-of-school youths, particularly those in informal sectors such as mechanics, barbers, and hairdressers.

According to Oladeji, out-of-school youths remain among the most vulnerable due to limited access to accurate information and social support systems.

“Most interventions target young people in formal education, but those outside the school system are often neglected despite being highly vulnerable,” he noted.

The trained corps members will conduct community outreach programmes, peer education sessions, and sensitisation campaigns, especially in underserved areas where access to government services is limited. The initiative also emphasizes peer-to-peer education, recognizing that young people are more likely to confide in and learn from their peers.

In addition, the programme integrates voluntary HIV testing services in partnership with health organisations, encouraging corps members to know their status and adopt healthier lifestyles.

“If you know your status, you can take control of your health—whether it means staying negative or managing a positive status effectively,” Oladeji added.

Beyond the camps, the intervention extends to schools and communities. Teachers are being trained to deliver Family Life and HIV Education, while community and religious leaders are being engaged to support the reintegration of out-of-school children, particularly girls affected by early pregnancy or economic hardship.

The initiative is currently being implemented in several states, including Lagos, Ogun, Enugu, and the Federal Capital Territory, in collaboration with the National Youth Service Corps, the Federal Ministry of Youth, and the Federal Ministry of Education.

Early feedback indicates strong interest among corps members, many of whom have volunteered to participate as peer educators and community influencers.

Organisers described the response as “encouraging,” noting that participants are eager to make meaningful impact during their service year and beyond.

“This is just the beginning,” Oladeji said. “We are building a generation of informed, responsible young people who can influence others and drive positive change in their communities.”

UNESCO, CWAY Group Partner to Empower Corps Members on Reproductive Health, Life Skills

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Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders

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Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders

By: Michael Mike

The Athena Centre for Policy and Leadership has officially announced the commencement of its 2026 Athena-Anchoria Junior Fellowship Programme, marking a significant step in efforts to nurture young leaders in governance and public policy across Nigeria.

The programme, which began on April 25, 2026 in Abuja, is being delivered in partnership with Anchoria Advisory Services Limited.

Speaking on the initiative, the firm’s Managing Director and CEO, Sam Chidoka, emphasized the long-term vision behind the fellowship, noting that investing in capable young minds is essential to shaping Nigeria’s policy future.

A statement on Monday by the Centre, read that following a rigorous nationwide selection process, 14 exceptional young Nigerians were admitted into the 2026 cohort. The fellows were chosen based on academic excellence, leadership potential, and a demonstrated commitment to governance and public policy.

The cohort reflects a broad national spread, drawing participants from all six geopolitical zones. Representatives from the Southeast include Kosisochukwu Praise Bosah, Adaobi Patience Ayogu, and Daniel Kelechi Nnamani. From the Southwest are Ezekiel Adeshina Adebisi and Eunice Iyanuoluwa Olasunkanmi, while the South-South is represented by Angelica Onagiekhuwemhe Enegbuma and Shedrack James Owen.

The Northwest contingent comprises Yahaya Abubakar, Hassan Suleiman Haruna, and Rashida Bafashi Abubakar. From the Northeast are Gabriel Mohammed Shuwa and Mohammed Baba Kale, while the North-Central zone is represented by Augustina Enuwa Abakpa and Muhammad Saheed Afodun.

According to the statement, participants come from diverse academic backgrounds, including political science, law, mass communication, medicine, and other science-based disciplines. The group consists of undergraduates, postgraduate students, and early-career professionals drawn from top Nigerian universities.

The six-month fellowship is designed as a leadership and policy development programme aimed at building a pipeline of reform-oriented leaders. It will begin with virtual learning sessions, followed by sustained engagement and mentorship, and conclude with an intensive in-person session.

Through structured training, mentorship, and hands-on policy engagement, fellows will gain practical insights into governance challenges and institutional reform strategies.

The launch of the 2026 cohort reinforces the Athena Centre’s commitment to strengthening policy capacity and developing a new generation of leaders equipped to drive meaningful change in Nigeria.

Athena Centre Launches 2026 Junior Fellowship to Groom Next Generation of Policy Leaders

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Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC

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Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC

By: Michael Mike

The United Nations Office on Drugs and Crime (UNODC) has declared that Nigeria is no longer a permissive environment for international drug cartels, citing a surge in arrests, seizures, and convictions driven by reforms within the National Drug Law Enforcement Agency (NDLEA).

The UNODC Country Representative, Cheikh Toure, made the statement in Abuja on Monday during the handover of newly constructed audiovisual interview rooms to the NDLEA.

The facilities, equipped with modern interrogation technology, were provided by UNODC with funding support from the United States International Narcotics and Law Enforcement Affairs (US-INL).

Toure described transnational drug trafficking as one of the most destabilizing global threats, linking it to corruption, violence, and the exploitation of vulnerable populations. He noted that Nigeria’s geographic position has historically made it both a target and transit hub for drug networks spanning Latin America, Asia, and Africa.

However, he said recent enforcement efforts have significantly altered that narrative.

“Under the leadership of Mohamed Buba Marwa, the NDLEA has demonstrated remarkable courage and professionalism,” Toure said, adding that the agency’s intensified operations since 2021 have sent a strong deterrent message to organized criminal groups.

He further emphasized that international collaboration remains critical, commending the United States government for its financial support. According to him, the newly donated facilities represent more than infrastructure, describing them as an investment in transparency, accountability, and the rule of law.

The UNODC chief also called for the replication of such modern interrogation systems across NDLEA commands nationwide to strengthen investigative capacity.

In his response, NDLEA Chairman, Buba Marwa, expressed appreciation to both UNODC and US-INL for their continued partnership, assuring that the agency is prepared to build on recent gains.

“We are not just commissioning rooms; we are strengthening the integrity of our investigative process,” he said.

Marwa highlighted that the agency is undergoing a major digital transformation, and the integration of advanced interrogation technology would enhance operational efficiency and align Nigeria’s law enforcement standards with global best practices.

He described the facilities as a symbol of international trust and a boost to the agency’s capacity to deliver justice effectively, while reaffirming NDLEA’s commitment to professionalism, transparency, and respect for human rights.

The event was attended by senior officials from UNODC, NDLEA, and the US-INL, including Deputy Director Douglas Grane.

The latest development underscores growing international confidence in Nigeria’s anti-narcotics efforts and signals a shift in the country’s role in the global fight against drug trafficking.

Nigeria No Longer Safe Haven for Drug Cartels, Says UNODC

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