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Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians

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Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians

Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians

By: Michael Mike

The Metropolitan Law Firm has launched an endowment fund under the Islamic Banking guidelines to cater to the education of indigent Nigerians for basic to tertiary institutions.

The fund, called Waqf, is an instrument of Islamic Estate Planning largely designed for charitable and philanthropic activities to solve social problems.

Managing Partner, The Metropolitan Firm, Ummahani Amin, said N60 million seed funding has been committed to the fund and is targeted at the less privileged children, particularly orphans in the northeast by providing scholarships and complementing efforts aimed at dousing the burgeoning number of out-of-school children in the country.

She made this known at the 5th Annual Islamic Estate Planning and Clinic and the official launch of the Metropolitan Waqf fund on Sunday in Abuja organised in partnership with the FBNQuest Trustees, a subsidiary of FBN Holdings

Amin said the philanthropic activity will kick off in the Northeast because it is the region of the country that is most ravaged by insurgency and wanton killings which have left many destitute.

She added that the fund is focusing on education because it is a major social problem in the country that must be addressed for the country to attain desired development.

“We are targeting Northeast right now when it expands, it would be for everyone that meets the criteria. We will start with scholarships, but in the long run, we intend to have schools, especially for that with the best quality education and teachers to nurture and train the children till tertiary level, and we intend to give scholarships to either study in or out of the country at the tertiary level,” she said.

While noting that Waqf is an aspect of Islamic social financing targeted at solving a social problem, she said the fund is open for donations from individuals, and institutions. She equally noted that the Waqf is part of the Corporate Social Responsibility (CSR) of the Metropolitan Law.

Abimbola Ajinibi, Senior Vice President, FBNQuest informed that the non-Muslims can benefit from the endowment fund. He said the role of FBNQuest would be to ensure that the interest of the beneficiaries is protected.

“Waqf is called Islamic trust. It simply means that you have three parties, a set law, trustees, and the beneficiaries. Essentially, the trustees hold assets for the benefit of the named beneficiary. Today, we are launching Metropolitan Waqf which means that we are setting up a trust for the benefit of certain people. So we (FBN Quest) are going to act as delegate trustees to ensure that the interest of the beneficiaries is protected,” he said.

In the same vein, the Senator-Elect of FCT under the Labour Party and the member of the Board for the Metropolitan Waqf Fund, Ireti Kingibe, emphasized that the target is to help out-of-school children in the country, especially from the north.

Kingibe also used the opportunity to assure that she will use her office when she assumes office to ameliorate the plight of the marginalized groups in the FCT, especially the youth, women, and children.

Also in her presentation, Mutiat Olatunji, Private Trust Specialist, while giving an overview of the Islamic Estate Planning and Wealth Transfer defined estate planning as a structure set up during a person’s lifetime to cater to o the needs of both immediate and extended family, charitable and philanthropic activities

She also explained Waqf is a veritable tool for inheritance planning, and also be used to cater to generational wealth transfer, medical needs, and charitable activities among others.

Islamic Banking: Metropolitan Law Firm roll out an endowment fund for indigent Nigerians

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Armed Men Go on Rampage in Edo, Attack National Park Security Post and Destroy Property Following Hunter’s Death

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Armed Men Go on Rampage in Edo, Attack National Park Security Post and Destroy Property Following Hunter’s Death

By: Zagazola Makama

Armed men reportedly went on a rampage in Edo State, attacking a security post at the National Party and destroying several properties in retaliation for the death of a local hunter, Timi Jimoh.

The body of the deceased hunter, Jimoh, was found with a single barrel gun nearby and signs of violence and burns on his body.

Intelligence sources told Zagazola Makama that the incident occurred on March 31, 2025, when a group of armed individuals, believed to be Ijaw youths from Inikorogha, launched a violent attack on a security post near Okomu National Park.

The group, armed with dangerous weapons, destroyed various properties, including houses, mattresses, doors, windows, plantain crops, and a water tank. This act of destruction came in response to the death of Jimoh, who was found dead on March 29, 2025, with visible signs of violence on his body.

The security outfit was targeted by the attackers in a bid for revenge. Despite the chaos, the armed group fled the scene before law enforcement could intervene.

A Police sources said that the authorities have yet to determine the full circumstances surrounding his death, and investigations are ongoing.

According to him, the property destruction has been documented and investigations are underway to track down those responsible.

Armed Men Go on Rampage in Edo, Attack National Park Security Post and Destroy Property Following Hunter’s Death

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National Unity, Peaceful Coexistence Must Be Our Gift To One Another – VP Shettima

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National Unity, Peaceful Coexistence Must Be Our Gift To One Another - VP Shettima

National Unity, Peaceful Coexistence Must Be Our Gift To One Another – VP Shettima

By: Our Reporter

Vice President Senator Kashim Shettima has urged Nigerians to embrace unity, peaceful coexistence, and tolerance as key pillars for national progress, drawing from the lessons of Ramadan.

The Vice President also called on everyone to support the administration’s ongoing economic reforms, assuring that short-term difficulties would yield long-term benefits for the country.

Speaking on Monday in Maiduguri, the Borno State capital, during a luncheon with Borno State elders and his schoolmates in celebration of Eid-El-Fitr, the Vice President, who spoke through the member representing Maiduguri Metropolitan Constituency at the House of Representatives, Hon. Abdulkadir Rahis, said there was a need for continued harmony among citizens.

“We thank the Almighty Allah for sparing our lives to witness this Eid-El-Fitr. I wish to also say that we should all perfect, maintain, and build on the sense of unity that exists among us for our collective gain and progress as a gift for one another.

“President Bola Ahmed Tinubu remains committed to implementing policies that will create sustainable development for all Nigerians. Just as Ramadan teaches endurance, we ask for your continued patience as these necessary reforms take root and bear fruit,” he said.

The Vice President, who arrived in his home state on Sunday evening, urged Nigerians to continue embodying the spiritual lessons gained during Ramadan as a pathway to national development.

“Peaceful coexistence is very important and we should not relent in maintaining that virtue. It will go a long way in bringing about the development of ourselves and the nation,” he said.

VP Shettima enjoined the citizens of Borno State and Nigerians in general to always maintain traits of humility and communal living in line with the teachings of the Holy books, values he described as foundational to national progress.

Also speaking, Senator representing Borno Central Senatorial District, Kaka Shehu Lawan, SAN, prayed for lasting peace in Nigeria.

He urged Nigerians to rally round President Tinubu as the father of the nation, stressing that the President needs the prayers and support of Nigerians, as he implements the good policies he has for the improvement of the economy and overall development of Nigeria.

The Senator urged his constituents to imbibe the attributes of Vice President Kashim Shettima, saying, “His Excellency the Vice President is an epitome of leadership, sacrifice, resilience, integrity, perseverance and above all courage.

“So, I will like my constituents and indeed people of Borno State and Nigerians at large to emulate his virtues. He is a leader and we are proud of his achievements.”

The lawmaker thanked the Vice President for hosting his schoolmates and elders of Borno State in his usual magnanimity and demonstration of love.

“In his usual show of love every festive period, the Vice President extends hands of fellowship to all and sundry from Maiduguri Metropolitan Council to Borno Central District and by extension the entire state” he said.

Also, Minister of Agriculture and Food Security,Senator Abubakar Kyari, commended the Vice President for his show of love, especially to the needy, despite his tight schedule.

“When he is in Abuja, his schedule is overwhelming, yet he always finds time for his people. Seeing the joyful faces of his classmates, elders, and other guests at this event is a testament to his character,” Kyari noted.
The Agric Minister said the Vice President’s humility has endeared him to his people, adding that he is a man of good character and extreme humility.

Earlier, Chairman of the Borno State Elders Forum, Alhaji Gambo Gubio, expressed appreciation for the Vice President’s hospitality and assured him of continued prayers for success in his duties.

Among the dignitaries present were the Secretary to the Borno State Government, Bukar Tijjani, and several of VP Shettima’s former classmates and neighbours in Maiduguri.
End

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SSG, Senator Shehu, led Borno government delegation to Eid, Durbar

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SSG, Senator Shehu, led Borno government delegation to Eid, Durbar

By: Our Reporter

The Secretary to Borno State Government (SSG), Hon. Bukar Tijjani, and the Senator representing Borno Central, Senator Kaka Shehu Lawan, led a government delegation to observe the two raka’at Eid prayers at Ramat Square Eid ground.

This was in accordance with the directive of Governor Babagana Umara Zulum, who is currently in Mecca for a spiritual exercise.

The Deputy Governor, Hon. Umar Usman Kadafur was unable to attend as he is in mourning following the passing of his elder brother, Mai Aliyu Usman Kadafur, in Biu town.

The Eid prayer marks the conclusion of the sacred month of Ramadan, a period dedicated to spiritual blessings and devotion.

Accompanying the SSG and the senator were former deputy governor, Hon Usman Mamman Ndurkwa, the State Head of Service, Dr Muhammad Aminu Ghuluze, commissioners, special advisers, heads of government agencies, stalwarts of the All Progressives Congress (APC), heads of security agencies, and members of the business community.

His Royal Highness, the Shehu of Borno, Alhaji Abubakar ibn Umar Garbai Al-Amin Elkanemi, also led members of Borno Emirate Council to attend the prayers.

In a sermon shortly after the prayers, the Imam Idaini of Borno, Imam Shettima Mamman Saleh, urged Muslim faithful to apply the lessons learned during the Ramadan fast to foster harmonious relationships and peaceful coexistence among diverse groups across the country.

He further described Eid al-Fitr as a period of self-reflection and reassessment of the values inculcated during the holy month.

The Imam encouraged Muslims to give alms to the needy, known as Zakatul Fitr, and to observe six days of fasting in the month of Shawwal to earn Allah’s blessings and rewards.

Delivering the governor’s message shortly after the eid prayers at the Government House, Hon. Bukar Tijjani expressed gratitude to Almighty Allah for witnessing a hitch free sallah celebration.

He called on people of the state to continue to support Zulum’s administration, stressing the need for a peaceful and harmonious relationship.

In a remark, Senator Kaka Shehu Lawan said the governor is in Saudi Arabia to offer special prayers for peace and prosperity to continue to reign in the state and the country at large.

He extended Governor Zulum’s Sallah message, who directed them to take part in all activities lined up for the eid celebration.

The delegation later proceeded to the Shehu of Borno’s palace, where the royal father staged a durbar, displaying the rich cultural heritage of the people of Borno and a sign that peace has returned to the state

In a message, Shehu Abubakar Garbai Elkanemi lauded governor Zulum for his relentless effort towards the restoration of peace in the state.

He commended the federal government for the reconstruction and expansion of the Alau dam and called for prayers to avert the reoccurrence of last year’s flood disaster and for restoration of sustainable peace in the state.

SSG, Senator Shehu, led Borno government delegation to Eid, Durbar

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