News
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
News
RHI Presents Food Items to Vulnerable Groups in Yobe State

RHI Presents Food Items to Vulnerable Groups in Yobe State
…Making it the 20th State to Benefit from the Support
By: Our Reporter
The Renewed Hope Initiative (RHI) Food Outreach Program, launched in Abuja in March 2024 to provide monthly support to vulnerable groups and persons with disabilities, has reached Yobe State—making it the 20th state to benefit from the initiative.
Since its inception, the program has covered Abia, Adamawa, Benue, Borno, Cross River, Delta, Edo, Ekiti, Enugu, Gombe, Kaduna, Kano, Kogi, Kwara, Lagos, Nasarawa, Oyo, Plateau, and Sokoto States before arriving in Yobe.
With generous support from the Abdul Samad Rabiu Africa Initiative (ASR Africa) and another industrialist who prefers to remain anonymous, assorted food items were delivered, bringing relief to many households, particularly those with disabilities.
The First Lady and Chairman of the Renewed Hope Initiative, Senator Oluremi Tinubu, noted that donors provide two truckloads of food items to each beneficiary state for onward distribution. Represented by the Wife of the Vice President, Hajiya Nana Shettima, she highlighted Yobe as a major beneficiary of RHI programs and interventions.
These include:

- The Tony Elumelu Foundation Women Economists Empowerment Program, which supported 500 women with ₦50,000 each.
- The RHI Women Agricultural Support Scheme, where 20 women received ₦500,000 each.
- A ₦68.9 million grant from the Federal Ministry of Agriculture to the Young Farmers Club.
- Annual financial support to senior citizens, with 100 beneficiaries receiving ₦100,000 each in 2023 and 250 beneficiaries receiving ₦200,000 each.
- A ₦50 million financial grant to 1,000 petty traders.
- The Women in ICT Program, aimed at empowering women in the digital economy.
According to Senator Tinubu, these interventions are designed to complement the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Yobe State Governor, Mai Mala Buni represented by his Deputy Governor, Alhaji Idi Barde Gubana reaffirmed his government’s commitment to the initiative, noting that the state has aligned with RHI through various empowerment programs for women, children, and vulnerable groups. These include the distribution of household items, skill acquisition schemes, and post-insurgency recovery programs that have economically empowered many women.
The State Coordinator of RHI and Wife of the Yobe State Governor, Hajiya Hafsat Kollere Buni, expressed gratitude to the First Lady for extending such impactful support to Yobe State. She also looked forward to stronger collaborations to further project the ideals of RHI and improve the lives of the people.
Also present at the event was Dr. Ubong Udoh, Managing Director of the Abdul Samad Rabiu Africa Initiative, one of the key donors to the program.- RHI Presents Food Items to Vulnerable Groups in Yobe State


News
Monguno says lack of national cohesion fuels insurgency

Monguno says lack of national cohesion fuels insurgency
By: Zagazola Makama
Former National Security Adviser, Maj.-Gen. Babagana Monguno (rtd.), has warned that Nigeria’s fight against insurgency will remain elusive without national cohesion and a united front across society.
Monguno stated this in Abuja on Thursday at the launch of Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).
He said Boko Haram and other violent groups had thrived by exploiting Nigeria’s divisions, stressing that disunity among citizens, political actors, and institutions weakened the country’s capacity to defeat terrorism.
“Without national cohesion, insurgency will not end. Terrorists feed on our fault lines – ethnic, religious, political – and they weaponise them against us. If we remain divided, no amount of military might will deliver lasting peace,” Monguno said.
He urged Nigerians to rise above parochial sentiments and embrace a spirit of patriotism, solidarity, and common purpose. According to him, the fight against insurgency must go beyond the battlefield to include reconciliation, justice, and inclusive governance.
The retired General emphasised that the scars left by Boko Haram were not just physical but also psychological and social, making unity a vital condition for national healing.
“The book reminds us that security is not just the work of soldiers. It is the responsibility of leaders, institutions, and citizens. Unless we build cohesion, insurgency will continue to mutate in different forms,” he added.
Monguno commended Gen. Irabor for documenting his experience, describing the work as a guide that combines history, strategy, and national lessons for the future.
The event was attended by former Presidents Olusegun Obasanjo and Goodluck Jonathan, the Minister of Defence, service chiefs, traditional rulers, diplomats, and senior government officials.
Monguno says lack of national cohesion fuels insurgency
News
Kukah says military operations alone cannot end insurgency, stresses soft power approach

Kukah says military operations alone cannot end insurgency, stresses soft power approach
By: Zagazola Makama
The Catholic Bishop of Sokoto Diocese, Most Rev. Matthew Hassan Kukah, has said Nigeria cannot defeat insurgency through military operations alone, stressing the need to embrace soft power and address root causes of insecurity.
Kukah made this known in Abuja on Thursday while reviewing Scars: Nigeria’s Journey and the Boko Haram Conundrum, a new book authored by former Chief of Defence Staff, Gen. Lucky Irabor (rtd.).
He said the country’s reliance on military doctrines and repeated counter-insurgency operations had failed to produce lasting peace because Boko Haram represented an ideology, not just an armed threat.
“For years, we have had Operation Lafiya Dole, Operation Restore Order, Operation Hadin Kai, Operation Safe Haven, and many others. Yet, when one operation fails, another is launched. These operations have not ended the insurgency because you cannot fight an idea with weapons alone,” Kukah said.
The cleric argued that describing the insurgency only in military terms forecloses other sources of information and non-kinetic solutions that are critical to peacebuilding.
According to him, Boko Haram’s struggle is framed as a jihad, and many of its fighters see death as martyrdom, making them indifferent to conventional deterrence.
“The challenge before us is not merely about defeating insurgents on the battlefield, but about understanding the soft issues of life and death. Guns cannot build peace; soft power must complement military power,” he said.
Kukah pointed to chapters 11, 12 and 13 of Irabor’s book, which emphasise reconciliation, good governance, justice, and national healing as critical conditions for security.
He praised the author’s reflections for going beyond military strategy, describing them as “the writings of a priest” that call for dialogue, reforms and moral renewal.
The bishop added that Nigeria must prioritise structural reforms, political inclusion, patriotism, and judicial integrity to tackle grievances that feed extremism.
“The urgency now is to invest in soft power – in human development, reconciliation, and building trust in institutions. Military operations can only create space; it is ideas and justice that will sustain peace,” Kukah said.
The event attracted former Presidents Olusegun Obasanjo and Goodluck Jonathan, senior government officials, service chiefs, diplomats, and other dignitaries.
End
-
News2 years ago
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years ago
THE PLIGHT OF FARIDA
-
Opinions4 years ago
POLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years ago
EYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Columns2 years ago
Army University Biu: There is certain interest, but certainly not from Borno.
-
ACADEMICS2 years ago
A History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
News6 months ago
FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
Opinions2 years ago
Tinubu,Shettima: The epidemic of economic, insecurity in Nigeria