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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

*We must reposition BOA to drive Nigeria’s food security- VP Shettima

By: Our Reporter

The National Council on Privatisation (NCP) has received key recommendations from its committee on the Bank of Agriculture (BOA), including a proposed merger with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd and a fresh capital injection to revitalize the bank.

Addressing the second NCP meeting of 2024 at the Presidential Villa on Wednesday, the Vice President, Senator Kashim Shettima reiterated President Bola Ahmed Tinubu’s commitment to repositioning and reforming BOA to drive the administration’s food security agenda.

“Let’s get very sound professionals with integrity to manage the bank. If we use it well, it’s going to be a tool for the transformation of our economy because agriculture is the key,” the Vice President said.

Presenting the committee’s report, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who doubles as NCP Vice-Chairman, said the Council’s decision was informed by the challenges identified and the need for urgent resolution of the issues confronting the Bank.

Edun outlined the major recommendations, including “the immediate reconstitution of the Board of Directors of the Bank to enhance corporate governance” and “a merger of BOA with the CBN’s NIRSAL Microfinance Ltd.”

He also highlighted the proposal to “cede National Agricultural Land Development Authority (NALDA) land titles to BOA so that it reflects in its Balance Sheet, thus increasing its capital adequacy for the purpose of raising funds from institutional investors.”

Acknowledging the need for financial reinforcement, the Minister identified “adequate capital injection into the Bank by the shareholders” as a crucial step forward.

The committee’s report comes after the NCP empanelled an 8-member inter-ministerial body in December 2023 to review the state of affairs at BOA, given agriculture’s critical role in the economy and the Tinubu administration’s commitment to food security under the Renewed Hope Agenda.

In 2016, the NCP had approved the collaboration between the Bureau of Public Enterprises (BPE), the then Federal Ministry of Agriculture and Rural Development, and the Federal Ministry of Finance to restructure and recapitalize BOA.

A consultant, Lead Capital Consortium, was engaged in 2019 to review the bank’s operations and advise on strategies for rebirth and growth. The consultant’s core recommendation was for the government to recapitalize the bank, implement reforms, provide technical assistance, and transform BOA into a sustainable agricultural development bank.

Edun further outlined additional recommendations, including “Provision and upgrade of the Bank’s ICT infrastructure to automate processes, reduce costs and enhance the Bank’s outreach to the grassroots” and “Enhance governance and risk management by appointing qualified Board members and senior management with relevant expertise.”

In a move to bring transparency and efficiency to the nation’s energy sector, the NCP also noted the proposal seeking approval for the establishment of an independent system operator from the Transmission Company of Nigeria (TCN).

NCP Chairman, Vice President Shettima, set up a committee to liaise with the Special Adviser to the President on Energy and the Federal Ministry of Power to provide a roadmap and reach out to stakeholders.

The committee is chaired by Mr. Oye Hassan-Odukale, Technical Committee Chairman of NCP.

On a Strategy Paper for the Optimisation of Oil and Gas Assets, the Council also formed a committee to look into issues concerning oil and gas infrastructure, stressing the strategic importance of investors in the sector.

The committee chaired by the Minister for Budget and Economic Planning includes the Coordinating Minister of Health and Social Welfare, the NCP Secretariat, the Ministers of Power, the Minister of State for Petroleum Resources (Oil) and the Minister of State for Petroleum Resources (Gas),

The committee was given three weeks to come up with its report on optimizing the nation’s oil and gas assets.
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NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

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NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has uncovered an alleged human trafficking operation following a coordinated raid on a popular hotel in the 33 Area of Onitsha, Anambra State, resulting in the arrest of six suspects and the rescue of 17 victims.

The operation, which was carried out with the support of military personnel, led to the arrest of four suspected traffickers at the hotel, while two other suspects believed to be involved in the buying and selling of babies within the South-East region were apprehended during related operations.

NAPTIP disclosed that four of the rescued victims were diagnosed with HIV and are currently receiving counselling and medical support from the agency, alongside volunteers from the Anambra State AIDS Control Agency (ANSACA).

According to the agency, the raid was triggered by credible intelligence from a non-state actor in Anambra State, which indicated the presence of underage girls allegedly being exploited within the facility.

The intelligence also revealed concerns about the health conditions of the victims, prompting voluntary medical screening after proper counselling.

Investigations revealed that residents in the area had previously raised alarm over suspicious activities at the hotel, which has about 45 rooms. The hotel was reportedly known for frequent visits by men suspected to be engaging in illicit activities with underage girls.

During the operation, some victims were found in compromising situations with clients, while others were reportedly dressed provocatively and waiting for customers.

The victims were said to have told investigators that they were recruited from Benue, Imo, Ebonyi and Akwa Ibom states and trafficked to Onitsha under false pretences before being forced into prostitution.

The victims further disclosed that they were compelled to remit between ₦20,000 and ₦25,000 daily to their handler, popularly referred to as their “Madam,” after engaging multiple clients each day.

One of the rescued victims recounted being lured to Onitsha by a promise of employment, only to discover upon arrival that she had been forced into sex work.

Another victim alleged that after undergoing HIV testing, their handler seized the medications provided and physically assaulted them for attempting to seek medical treatment.

Reacting to the development, the Director-General of NAPTIP, Hajiya Binta Bello, expressed deep concern over the victims’ suffering and deteriorating health conditions.

She commended the military and the Gender and Human Rights State Response Team domiciled at ANSACA for their swift intervention and collaboration.

Bello described the denial of medical care to the victims as a criminal act, revealing that NAPTIP has launched a manhunt for the fleeing handler. She also confirmed that the owner of the hotel has been invited for questioning as investigations continue.

The NAPTIP boss reaffirmed the agency’s commitment to intensifying its crackdown on human trafficking, warning traffickers that 2026 would be a difficult year for anyone involved in the crime.

NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

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Behold! Wind Of Change In Borno’s Third-tier Governance

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Behold! Wind Of Change In Borno’s Third-tier Governance

By Dauda Iliya

A phenomenal wind of change is blowing across third-tier governance in Borno State, with the inauguration of the state’s 27 newly elected local government council chairmen, Thursday, January 29, as launchpad.

In a strategic shift in grassroots governance, named: Zulum’s New Formula, about sixty percent of the council chiefs are all under the age fifty, a historic departure from the dominant paradigm of majority above-sixty, and already aging-out, politicians holding the third-tier governance fort.

Most striking, however, is the fact that Governor Zulum has ensured fifteen percent of the chairmen are in their thirties—a novel and unprecedented development.

Moreover, over sixty percent of them hold bachelor’s or postgraduate degrees, combining knowledge, education and leadership, a pacesetting accomplishment in the annals of local government administration, at least in Northern Nigeria.

This novel grassroots governance approach has already produced results: several chairmen have prepared strategic blueprints aligned with the Governor’s 25-year development framework and 10-year strategic transformation plan.

The new chairmen were elected on 13th December 2025, in the third local government poll conducted under Governor Babagana Umara Zulum’s administration within six and a half years.

The election fulfilled the provision of the 1999 Constitution (as amended), which mandates that local government areas be governed by elected officials—a principle recently reaffirmed by the Supreme Court.

Apart from the striking age shift, majority of these grassroots-governance new breeds were sieved from backgrounds in administration, political appointment, academia, business and, most-strikingly, practical farming.

Zulum’s New Formula is advised by the fact that the youth form the largest demographic group in Borno State, as is incontrovertibly the case in all states of the country, and have played a significant role in promoting the state’s peace and stability.

To, therefore, integrate them into governance, Governor Zulum has entrenched the trend of appointing many young people to political and public offices.

The newly inaugurated local council leadership is also gender-inclusive, with a considerable number of women elected as councillors and further opportunities emerging for women in both elective and appointive roles.

Prior to the inauguration, Governor Zulum submitted an executive communication to the House of Assembly seeking to amend the Local Government Administration Law 2000, extending chairmen’s tenure from two to three years. This responds to popular demand and allows greater time to initiate and deliver development projects.

As he administered the oath of office on them, that historic Thursday, Zulum whose massage was delivered by the acting Governor, Hon. Umar Usman Kadafur, charged them to be above board in the conduct of local governance and develop their local government areas in fulfillment of their respective realities and according to existing and emerging imperatives.

His aim is to put to shame, all doubting Thomases and pessimists about his pacesetting novel grassroots governance formula.

“As you take your oaths of Allegiance and Office, you have not just won an election, but you have accepted a covenant with the people of Borno State,” Zulum. He pointed out to the local council helmsmen, “You have volunteered to bear the weight of their hopes, their struggles and their aspirations for a better life at the grassroots, the very foundation of our society.”

The governor emphasized that their stewardship comes at a pivotal moment in the history of the state, and described them as the primary engines for the implementation of his 25-Year Development Plan and the immediate drivers of his 10-Year Strategic Transformation Initiative.

“Your success at the local level is the critical foundation for the Borno of our collective vision, a State of sustained peace, shared prosperity and renewed hope,” he charged.

Zulum underscored to them his profound passion for, and commitment to, his novel grassroots governance formula.

The resources you steward are the lifeline of our communities. You must be guardians of every Naira, aligning every project and programme with the pillars of our 10-Year Strategy. Focus on essentials that directly improve lives, security and dignity of our people. No vanity projects. Furthermore, I direct your immediate attention to the welfare of Local Government staff. Timely payment of salaries and entitlements is non-negotiable. In the same vein, all workers must report to their duty posts promptly. Productivity and discipline must be restored.

As he bade them farewell in their tortures grassroots governance voyage, he charged:

“The path ahead is steep, but the destination is worth the climb. You are the critical keystone for our long-term plan to transform Borno state. The legacy you leave begins today, with your integrity, your humility and your unwavering commitment to service. I have faith that you will be the leaders Borno State needs.”

Zulum, on one hand, and the massive assemblage of well-wishers, Doubting Thomases and pessimists, all on the other, watched the newly inaugurated local council helmsmen as they set their respective ships sailing across the turbulent sea of grassroots governance on a voyage to justify, or otherwise, the governor’s novel grassroots governance formula.

Whatever happens, a desirable wind of change is blowing across Borno State’s grassroots governance, purposefully for the lasting good of a state rising from the ruins of terror.

Dauda Iliya is the Special Adviser on Media/Spokesperson to the Borno State Governor

Behold! Wind Of Change In Borno’s Third-tier Governance

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Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

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Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

By: Michael Mike

Allegations of institutional cover-up have again put the Nigeria Police under scrutiny following claims by Mrs. Nnenna John-Anozie that senior police authorities are deliberately protecting officers linked to the abduction and disappearance of her husband, Mr. John Chukwuemeka Anozie.

Mrs. John-Anozie, at the weekend in Abuja accused the police of ignoring valid court orders and the outcomes of formal investigations, insisting that the actions of the Nigeria Police point to an internal network operating above the law.

According to her, the continued protection of the officers involved has not only obstructed justice but has also eroded public confidence in the institution constitutionally empowered to protect lives and liberties.

She described the police response to her case as a consistent and deliberate failure rather than an administrative lapse. “This is not just negligence; it is a betrayal of public trust,” she said, adding that the law is being openly disregarded by those sworn to uphold it. She maintained that the police authorities are fully aware of the circumstances surrounding her husband’s disappearance but have chosen not to act.

Mrs. John-Anozie further stated that contrary to public perception, the judiciary has not hindered her quest for justice. She explained that the court had ruled in her favour, but enforcement of the judgment has been frustrated by the police’s refusal to comply with binding orders. She warned that such disobedience undermines the authority of the courts and weakens the rule of law.

Her legal counsel, Mr. Vincent Adodo, has since approached the Federal High Court in Abuja, filing a contempt application against the Inspector-General of Police, Mr. Kayode Egbetokun. The application seeks an order compelling the police to produce for prosecution officers allegedly connected to the case — identified as Sunday Okpe, Anthony Obiozor Ikechukwu, Emeana Uzochukwu, John Eze, and an officer known as Oriole (also called Tboy) — as well as to release investigation records relating to the matter.

The contempt proceedings are scheduled to be heard on February 9, a date Mrs. John-Anozie describes as crucial not only for her family but also for accountability within law enforcement. She argues that the absence of effective mechanisms to enforce compliance with court orders has prolonged her ordeal and cast doubt on the integrity of the justice system.

Mrs. John-Anozie lamented that efforts to seek justice through the National Human Rights Commission and the EndSARS Judicial Panel seems to have failed as police officers ignored several summons and orders.

She said despite the lengthy process, she is determined to pursue justice through lawful means, stressing that only strict adherence to the rule of law can guarantee accountability, protect citizens’ rights, and restore confidence in public institutions.

Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

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