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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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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

By: Zagazola Makama

Troops of the Nigerian Army have recorded major breakthroughs in ongoing offensive operations against armed criminal networks in Plateau State, neutralising two notorious terrorist leaders, critically wounding another and recovering six AK-47 rifles previously seized from security forces.

The latest developments followed sustained military offensives at Dajin Madam in Wase Local Government Area of Plateau State on November 8, 2026.

Security sources disclosed that HUMINT reports received at about 8:53 a.m. on November 9 indicated that the intensity of the military operation had resulted in the neutralisation of two suspected terrorist leaders identified as Haruna Balatoni and Black.

Another notorious figure, identified as Dogo Mai Kunkuru, was reportedly shot in the chest and left in a critical condition, with sources indicating that his chances of survival were slim.

In a significant development on November 10, the sustained military pressure reportedly compelled the terrorist network, through an intermediary identified as Ali-Kwara, to return six AK-47 rifles previously seized from security forces.

The recovered weapons are currently in military custody.
In a related operation, troops of 173 Battalion deployed at Mansur rescued a kidnapped mother and her daughter and recovered 39 cattle.

The developments represent a significant disruption of the criminal network’s leadership, weapons stockpile and capacity to sustain operations in the Wase axis.
The recovery of the six rifles is particularly important as it restores weapons previously lost to the criminal network and provides an opportunity for further intelligence exploitation.

The latest successes underscore the impact of sustained offensive pressure, intelligence-driven operations and military presence in dismantling armed groups operating across Plateau State.

The reported deaths of the terrorist leaders and the condition of Dogo Mai Kunkuru are based on preliminary HUMINT assessments and remain subject to independent military confirmation

Two Notorious Terrorist Leaders Haruna Balatoni and Black Neutralised in Plateau Military Offensive Another Fatally Wounded as Six AK-47 Rifles Returned

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

By: Zagazola Makama

Troops of the Nigerian Army’s 114 Battalion (Reinforcement) have dislodged suspected terrorists from their hideouts during a fighting patrol in Karim Lamido Local Government Area of Taraba State.

The operation, conducted under Operation WHIRL STROKE (OPWS), commenced at about 7:30 a.m. on November 8, 2026, with troops advancing towards Komodoro village, where they made contact with suspected terrorists.

Security sources said the criminals fled upon sighting the advancing troops, prompting the patrol team to extend its operation to Mashigin Kirya village within the same local government area.

At Mashigin Kirya, the troops encountered suspected terrorists believed to have been hibernating in the general area and engaged them, forcing the armed elements to retreat.
The troops subsequently recovered five motorcycles suspected to have been used by the criminal group for mobility and logistics.

To further disrupt the fleeing terrorists, the troops conducted a fire mission using an 81mm mortar along their withdrawal route.
The operation was ongoing as troops sustained pressure on suspected criminal hideouts and movement corridors in the area.

The development point to the military’s determination to deny armed groups safe havens and restrict their freedom of movement across Taraba State.

Troops Dislodge Terrorists from Hideouts in Taraba, Recover Five Motorcycles

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

By: Zagazola Makama

Troops of the Nigerian Army, in collaboration with the Nigeria Police and Department of State Services (DSS), have launched an investigation into an attack on Fulani herdsmen in Obelagu Umuamba community, Ezeagu Local Government Area of Enugu State, which left two herders and 16 cattle dead.

The incident came to light at about 11:00 a.m. on November 10, 2026, when a joint patrol team comprising troops of the 82 Division Garrison and 103 Battalion (Reinforcement), alongside police and DSS operatives, visited the community to assess the cause and extent of damage from the recent attack by suspected hoodlums.

On arrival, the security team discovered that two Fulani herdsmen and 16 cows had been killed, while two other persons sustained injuries.

Following the discovery, the troops convened a joint peace and security meeting involving community leaders, representatives of the Fulani herders, neighbourhood watch groups and other key stakeholders.

During the meeting, security officials cautioned all parties against taking the law into their hands, warning that reprisals could escalate tensions and further threaten peaceful coexistence.

The troops subsequently recovered the corpses and handed them over to the police for further investigation.

Meanwhile, security agencies have commenced efforts to identify and apprehend those responsible for the attack, including suspected local collaborators.

The intervention is aimed at preventing retaliatory violence, restoring confidence among residents and ensuring that those responsible are brought to justice.

Authorities have urged both farming and herding communities to remain calm, cooperate with security agencies and pursue grievances through lawful channels.

Two Fulani Herdsmen, 16 Cows Killed in Attack on Enugu Community as Joint Troops Launch Investigation

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