National News
MTN sign $500,000 grant agreement to study women’s access to financial services
MTN sign $500,000 grant agreement to study women’s access to financial services
The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors hampering access to finance for women in northern Nigeria.
The research, which includes a feasibility study, women-focused design and testing, will focus on both agents and customers to provide insights into women’s use of mobile money services and will be funded through the Africa Digital Financial Inclusion Facility (ADFI). The French Treasury’s Ministry for the Economy and Finance and the French Development Agency (AFD) co-finance and partner this Facility.
A statement on Wednesday by the French Development Agencysaid: “Despite being the continent’s largest economy, 55% of rural Nigerians still lack access to financial services. The rate of mobile money adoption currently stands at 4%, with an agent ratio of 228.8 agents per 1,000 adults. Political instability and conservative cultural norms in parts of Northern Nigeria are thought to present barriers to women’s access to finance. Additionally, 80% of agents in the region are men.”
The statement quoted Director of the French Development Agency (AFD) in Nigeria, Xavier Muron to have said: “French Development Agency (AFD), through the Africa Digital Financial Inclusion Facility (ADFI), is delighted to support this project, furthering our work to financing solutions that contribute not only to the development of a competitive economy that creates jobs and wealth, but also to shared, inclusive and resilient development.”
Also Read: 2022 Commonwealth Games: Queen’s Baton visits Nigeria
On behalf of YDFS, it’s Chief Executive Officer, Usoro Usoro, said, “We are truly excited about this partnership with the African Development Bank, and the possibilities for advancing financial inclusion in Nigeria, particularly for the traditionally excluded segment of women in Northern Nigeria.”
ADFI is a pan-African initiative designed to catalyze digital financial inclusion throughout Africa with the goal of ensuring that 332 million more Africans, 60% of them women, gain access to the formal economy. Current ADFI partners are the French Development Agency (AFD); the French Treasury’s Ministry for the Economy and Finance; The Government of Luxembourg’s Ministry of Finance; the Bill and Melinda Gates Foundation; and the African Development Bank,
Y’ello Digital Financial Services is a fintech subsidiary of MTN Nigeria, Africa’s largest provider of communications services, and the operator of MoMo Agent service. YDFS is a financial service provider in agency banking and super-agent operation under the CBN Super-Agent framework and agent banking guidelines to provide amongst other services, agent network to serve financial institutions and Mobile Money operators in Nigeria.
MTN sign $500,000 grant agreement to study women’s access to financial services
National News
NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers
NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers
…Disowns WhatsApp message seeking officers’ names, service numbers and ranks
By: Michael Mike
The Nigeria Security and Civil Defence Corps (NSCDC) has alerted its personnel to a fraudulent notice circulating on WhatsApp, warning that scammers are attempting to harvest officers’ personal and service details under the guise of the 2026 senior promotion exercise.
The Corps, in an official disclaimer on Monday, disowned the notice, which directs personnel to submit their full names, service numbers and present ranks to a designated WhatsApp number, 08031306693.
It described the purported directive as fake, stressing that neither the NSCDC management nor its National Public Relations Office issued the instruction.
The warning comes amid concerns over the growing use of unofficial communication channels by fraudsters to exploit personnel seeking career advancement, particularly during promotion exercises.
In the disclaimer, signed by the National Public Relations Officer, Assistant Commandant of Corps Babawale Afolabi, the Corps urged officers and men to disregard the message and avoid disclosing sensitive service information to unverified individuals or platforms.
It cautioned that the fraudulent request could expose personnel to identity theft, impersonation and other forms of financial or administrative fraud.
The NSCDC clarified that all official matters relating to promotions fall within the jurisdiction of the Secretary to the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB).
It added that legitimate promotion-related information is communicated through established administrative channels of the Ministry of Interior and the Corps, rather than through unsolicited WhatsApp messages or personal telephone numbers.
The Corps, therefore, advised personnel to verify all promotion-related information through their appropriate command structures and official administrative channels before acting on any purported directive.
The disclaimer urged officers and men to remain vigilant and ensure that the warning receives wide publicity to prevent unsuspecting personnel from falling victim to the scheme.
The development highlights the vulnerability of internal administrative processes to impersonation and fraud, particularly where career progression and promotion opportunities are involved.
For security personnel, the Corps stressed, the safest approach is to treat unsolicited requests for service records and personal information with suspicion and rely exclusively on officially authorised communication channels.
NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers
National News
ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries
ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries
…$225m World Bank-funded initiative connects 490 localities in The Gambia, Guinea-Bissau and Mali
…Mali seeks extension as ECOWAS holds final steering committee meeting in Abuja
By: Michael Mike
The Economic Community of West African States (ECOWAS) said its $225 million Regional Electricity Access Project has extended electricity access to nearly 500,000 people across 490 localities in The Gambia, Guinea-Bissau and Mali.
The achievement was disclosed at the 10th and final Steering Committee meeting of the ECOWAS Regional Electricity Access Project (ECOWAS-REAP), which opened in Abuja on Tuesday to review implementation progress and determine measures for ensuring the sustainability of the project.

The World Bank-financed initiative is designed to expand electricity access in underserved communities across the three countries, as part of efforts to deepen regional energy integration and improve living conditions in West Africa.
Speaking at the meeting, the Director of Energy and Mines at the ECOWAS Commission and Chairman of the Steering Committee, Arkadius Koumoin, acknowledged the significant progress recorded despite challenges that affected implementation, including the COVID-19 pandemic and institutional disruptions.
He, however, stressed the need for concrete decisions and actions to ensure responsible closure of the project, noting that its success should ultimately be measured by the number of households effectively connected to electricity.
Koumoin’s position highlights the importance of translating infrastructure investments into actual electricity access for communities, rather than measuring performance solely by completed project activities.

The Managing Director of the National Water and Electricity Company (NAWEC), The Gambia, Gallo Saidy; the representative of Guinea-Bissau’s Ministry responsible for Energy, Pedro Jeus de Oliviera; and Mali’s National Director of Energy, Oussouby Mary dit Ousmane Diarra, reaffirmed their commitment to completing outstanding project activities.
However, Mali called for an extension to enable it to complete its outstanding work, underscoring the need to address implementation gaps before the project’s final closure.
The meeting is expected to provide an opportunity for participating countries and the ECOWAS Commission to agree on the outstanding actions required to consolidate the gains of the initiative and ensure that beneficiaries continue to enjoy reliable electricity access.
Through ECOWAS-REAP, the regional bloc is advancing its energy integration agenda and the objectives of ECOWAS Vision 2050, with the broader ambition of translating regional investments into tangible improvements in the lives of West African citizens.
ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries
National News
Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping
Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping
By: Zagazola Makama
A High Court of the Federal Capital Territory (FCT) on Monday dismissed a N120 million fundamental rights enforcement suit filed by former Kaduna State Governor, Mallam Nasir El-Rufai, against the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Attorney General of the Federation (AGF).
The court dismissed the suit for lacking merit and awarded N200,000 each in favour of the DSS, EFCC and ICPC.
Delivering judgment, Justice Sylvanus Orji held that the invitation letters issued to El-Rufai by the EFCC and ICPC complied with constitutional requirements and did not violate his fundamental rights.
On El-Rufai’s challenge to an attempted arrest by the DSS at the Nnamdi Azikiwe International Airport, Abuja, the judge held that the service possessed powers to carry out its statutory responsibilities pursuant to the relevant legal instruments governing its operations, including the National Security Agencies Act.
The court further held that the DSS had the mandate to maintain watchlists and take appropriate action, including arresting persons of interest within the scope of its lawful powers.
Justice Orji stressed that El-Rufai could not use the court to prevent security and law enforcement agencies from performing their legally assigned duties.
On the seizure of the former governor’s international passport by the DSS, the court held that it was satisfied that the action was lawful and within the agency’s powers.
The judge also ruled that the applicant had failed to establish that the seizure was continuous, permanent and unlawful in a manner that amounted to a violation of his fundamental rights.
The suit sought N120 million in damages over alleged violations of El-Rufai’s rights in connection with the actions of the security and anti-corruption agencies.
The ruling represents a setback for the former governor in his legal challenge to the actions taken by the agencies.
Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping
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