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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
News
Women engineers urge intensified action to tackle plastic pollution

Women engineers urge intensified action to tackle plastic pollution
The Association of Professional Women Engineers of Nigeria (APWEN), on Monday, called for urgent global action to tackle plastic pollution causing environmental crisis.
APWEN, under its “STEM for All” initiative, North-East zone, made the call, while commemorating the 2025 World Environment Day in Gombe.
Speaking virtually, President of APWEN, Engr. Adebisi Osim, said it is imperative to encourage recycling of plastics, as part of measures to reduce pollution.
Osim noted that the amount of plastics manufactured annually for use had made it necessary for urgent actions to be taken, to ensure a cleaner and safer environment.
“Today’s theme, “End Plastic Pollution” is not just a catchy phrase, It is a wake-up call; a global one and we are answering that call, not with panic, but with STEM-driven solutions and people-centered action.
“According to the United Nations Environment Programme, the world produces over 430 million tonnes of plastic annually, and over two-thirds of that becomes waste.
“Alarmingly, less than 10 per cent is recycled, and the rest clogs our drains, litters our streets, chokes our rivers, and poisons marine life.
“Here in Nigeria, the World Bank estimates that Lagos alone generates 13,000 metric tonnes of waste per day, and 15 per cent of that is plastic.
“We see it daily in pure water sachets lining our gutters, single-use bags littering markets, and microplastics infiltrating our food chains,” she said
.
Osim called on stakeholders to invest more in recycling the plastics towards reducing the need for new plastic production, which will in turn lower greenhouse gas emission.
She assured that state chapters are collaborating with young people, to design plastic alternatives, using local materials, and to build waste-sorting systems using simple robotics.
Osim added that the chapters will also explore the conduct of STEM fairs, which are focused on sustainable innovation.
In the same vein, Chairman of the Gombe chapter of APWEN, Engr. Deborah Danladi, urged stakeholders to invest in plastic waste recycling, to save the environment, as well as create jobs and wealth for youths.
Danladi also underscored the need for more action and sensitisation to ensure collective approach to addressing the menace of plastic pollution.
Women engineers urge intensified action to tackle plastic pollution
News
UN Agencies Drum Support for Adequate Investment in MSMEs

UN Agencies Drum Support for Adequate Investment in MSMEs
By: Michael Mike
The United Nations (UN) agencies in Nigeria have hammered on the need for adequate investment in the development of Micro, Small and Medium sized Enterprises (MSMEs) to advance economic growth in the country.
The agencies disclosed this during the commemoration ceremony of the 2025 MSMEs Day on Monday in Abuja.
The event was jointly organised by the United Nations Industrial Development Organisation (UNIDO), International Labour Organisation (ILO), United Nations Development Programme (UNDP), United Nations Information Centre (UNIC) and World Intellectual Property Organisation (WIPO).
Director, UNIDO Sub-regional Office, Abuja, Mr. Philbert Johnson, who was represented by National Programme Officer at UNIDO, Mr. Reuben Bamidele,, said that MSMEs role in nation building cannot be underestimated, therefore the need for adequate investment to ensure their sustainable growth is of uppermost importance.
Johnson said: “We are gathered together today to discuss proper ways to promote innovation and growth within the MSMEs sector.
“In Nigeria, as we know not less than 40million MSMEs are making huge contribution to the economic growth of the country, by providing employment and serving as means of livelihood for people.
“MSMEs, thereby, contribute to the growth of Gross Domestic Products across sectors of the country’s economy. We gathered to dissect the challenges MSMEs face and also, to work closely together towards achieving sustainable growth.”
The ILO Country Representative, Dr Vanessa Phala, stressed the need for strategic measures to be taken to bolster MSMEs impact on the nation’s economy.
Phala, who was represented by ILO’s National Project Coordinator for the Social Dimension of Ecological Transition, Stephen Agugua, said: “We look at how MSMEs can drive the future of the economy through job creation and employment. When you think of job creation and employment that is where ILO comes in.
“MSMEs are key to the growth of every economic sphere: Through this dialogue platform ILO will know the challenges MSMEs are facing and look at pathways for ensuring sustainable solutions collectively.”
The UNDP Deputy-Director, Ms Varsha Redkar-Palepu, represented the National Programme Specialist and Trade Focal Point at UNDP by Claire Henshaw,, described MSMEs as pivotal to nation building.
She noted that MSMEs form the foundation of inclusive and sustainable development in Nigeria, “MSMEs are vital engines for job creation, innovation and social mobilisation, particularly for women and youths. While operating on margins of formal economic systems, we need to put MSMEs at the centre of our development.
“In Nigeria and across Africa, MSMEs holds the key to transforming economic opportunities to meaningful development and the ambition into tangible outcomes,” Phala said.
On his part, Managing-Director of Prohealth, a private organisation, Dr Chinedu Nnabuihe who spoke on behalf of the Nigeria Employers’ Consultative Association (NECA), commended the UN agencies for putting the event together.
According to him, the event is dedicated to the invaluable role MSMEs play in advancing innovation, creating jobs, increasing inclusive and sustainable economic growth across the country.
“In Nigeria, MSMEs are the engine of our economy, driving local production, supporting livelihood and contributing significantly to national GDPs. This is amidst challenges posed by economic situation, limited access to finance and infrastructure.
“Nigeria MSMEs have continued to demonstrate resilience, creativity and determination. At NECA we remain steadfast in our commitment to fostering an enabling environment in supporting MSMEs development,” Nnabuihe said.
The event attracted stakeholders from Small and Medium Enterprises Development (SMEDAN), Nigerian Association of Small Scale Industrialists (NASSI), Nigeria Association of of Small and Medium Enterprises (NASME) and Corporate Affairs Commission (CAC).
Others include, National Insurance Commission (NICOM), Nigeria Social Insurance Trust Fund (NSITF) and Abuja Chambers of Commerce and Industry (ACCI).
Highpoint of the event was visit by the stakeholders to the exhibition stand of MSMEs, overview of UNDP engagement with MSMEs, government agencies’ engagement with MSMEs and WIP-intellectual property for MSMEs.
End
News
NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission

NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission
By: Michael Mike
The Commission of the African Union has said the formulation of new action plan on drug control and crime prevention on the African continent would not be complete without inputs from the National Drug Law Enforcement Agency (NDLEA) because of its central role in law enforcement on the continent.

The AU Commission stated this on Monday during an assessment visit to the NDLEA’s National Headquarters in Abuja by a three-member delegation including the team lead Dr. Olubusayo Akinola, Head of Social Welfare, Drug Control and Crime Prevention; Dr. Abiola Olaleye, Senior Drug Epidemiology and Research Officer; and Prof. Johan Strijdom, Senior Drug Control Consultant.
The visit was to evaluate the African Union Plan of Action on Drug Control and Crime Prevention (2019-2025).
Akinola said: “We are here to understand the status of implementation of this continental action plan on drug control and crime prevention. We are in the process of re-evaluating and starting another continental action plan that will take us from 2026 to 2030. So, we have identified a few countries to understand how this action plan was actually implemented in the member states. And if there are gaps and the new and current emerging trends that we can include.
“So, we understand very well the work of NDLEA and we believe that the formulation of the new action plan will not be finalized and concluded until we have inputs from NDLEA Nigeria, because you are basically on the forefront when it comes to law enforcement on the entire continent.”
The AU Commission delegation commended the NDLEA for its sustained provision of critical and policy-relevant data, which has significantly informed and shaped the work of the Commission over the years. The visit, according to the delegation, aimed to obtain a comprehensive update on the current status of implementation of national drug control strategies, identify operational and institutional gaps, and explor#####eiiii#ehue#pp7l#######el#e7l77#e7l7#wlAfrican##wle potential areas for technical assistance, particularly in relation to capacity development, forensic science capabilities, canine detection units, and other strategic enablers of drug control efforts.
Welcoming the delegation, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Buba Marwa (Rtd), emphasized the importance of the mission, stating that he considered it imperative to receive the team personally due to the strategic relevance of their engagement.

He said: “We are particularly pleased that the African Union is giving due weight to the implementation of the continental action plan, not merely as a theoretical exercise, but by undertaking direct field consultations with national counterparts. This grounded, evidence-informed approach will undoubtedly result in a more pragmatic and responsive framework for implementation.”
Marwa highlighted the urgency of addressing the continent’s growing drug challenge, adding that while global projections estimate a 10–11% rise in drug use prevalence, Africa is expected to experience a surge of up to 40%. “This disparity signals a looming crisis that demands coordinated and accelerated action. We deeply appreciate the AU’s leadership in this space and commend your proactive efforts,” he added.
NDLEA is Central to Africa’s Action Plan on Drug Control, Crime Prevention- AU Commission
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