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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.
End

NCP Mulls BOA-NIRSAL Merger, Injection Of Fresh Capital

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ADC Unveils Timetable, Guidelines for 2025/2026 Congresses, National Convention

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ADC Unveils Timetable, Guidelines for 2025/2026 Congresses, National Convention

By: Michael Mike

The African Democratic Congress (ADC), has released a comprehensive timetable and guidelines for the conduct of its congresses and national convention for the 2025/2026 political year, as part of efforts to strengthen internal democracy and reposition the party ahead of future elections.

The guidelines are contained in a National Secretariat Circular dated December 30, 2025, and signed by the party’s National Chairman, Hon. Nafiu Bala Gombe.

According to the circular, the party’s activities will commence with a Board of Trustees (BoT) meeting scheduled for January 5, 2025, followed by a National Executive Committee (NEC) meeting on January 7, 2025.

Key agenda items at the NEC meeting include the filling of vacancies in the National Working Committee (NWC), the fixing of dates for membership registration and revalidation, and preparations for ward, local government and state congresses.

He said: “For 2026, the ADC announced that membership registration and revalidation will take place from January 2 to January 15. This will be followed by ward executive committee congresses on January 17, with matters arising to be addressed between January 19 and 22.

“Local government congresses are scheduled for January 24, while state executive committee congresses will be held on January 31, 2026. Matters Arising: February 2-5, 2026 National-Level Activities.

“National Working Committee Convention: d. The approved delegates to the State Congresses, as provided for in Article 24 (a) – (e) and specifically modified by a resolution of the NWC at its 17th December, 2026 in National
headquarters Abuja are as follows: Local Government Chairmen

“LGA Secretaries; Youth Leader; Women Leader; State Executive Committee members and National Executive Committee (NEC) members from the State; PWD Leader; Ex-Officio Member; All Elected Council Chairman and their Deputies; Board of Trustees Member; Zonal National Officer; Any Elected National / State Assembly Members; Legal Adviser.

“States shall constitute Congress Planning Committees, membership of which shall not include persons contesting for any of the state executive offices.

“All persons willing to contest for state offices shall register their intentions with the State Congress Committee with an intention Fees N2,000.00 (Two Thousand Naira Only) which the Congress Committee may utilize for the purpose of financing the congresses, in part.

“The State Executive Committee shall supervise the work of the Congress Planning Committee to ensure strict compliance with the guidelines on State Congresses.

“Approved composition and distribution of the State Executive Committee members should, as much as practicable, be carried out according to the Senatorial Zones and in compliance with the Party’s Constitutional provision (Article 5, 17):

“Senatorial Zone with the highest number of members (6 positions). Chairman; Asst. Secretary; Asst. Financial Secretary; Auditor; Organizing Secretary; Women Leader; Senatorial Zone with 2nd highest number of members (5 positions); Vice Chairman, Treasurer, Legal Adviser, Asst. Publicity Secretary, Asst.”

On zoning, the ADC disclosed that distribution of state executive committee positions should, as much as practicable, reflect senatorial zones and comply with the party’s constitutional provisions.

The party’s National Working Committee convention is slated for February 13 to 15, 2026.

The party emphasised that only validly registered or revalidated members whose names appear in the official membership register will be eligible to participate in the congresses, in line with provisions of the ADC constitution.

State chapters were also directed to formally notify the National Secretariat of the dates, venues and times of their congresses to enable proper communication with the Independent National Electoral Commission (INEC).

He said: “The criteria for qualification to contest for executive positions in the State Executive Committee are as follows: At least, attendance of Secondary School; The Offices of State Legal Adviser, Treasurer and Financial Secretary should have experiences in their respective professions; else the offices should be occupied by persons best deemed suitable.

“The Office of the State Youth Leader must NOT be more than 25 years while that of the State Woman Leader is exclusively reserved for Women.

“All pre-congress appeals shall be determined not later than 24 hours before the congresses while all appeals consequent upon the congresses shall be determined within 3 days after the congresses.

“The Congress Planning Committee shall submit reports of congresses to the National Secretariat via adcnationalcongressreformcommitee@gmail.com not later than 5 working days after the congresses.”

The party urged members and state chapters to strictly adhere to the guidelines to ensure transparent, credible and orderly congresses nationwide.

ADC Unveils Timetable, Guidelines for 2025/2026 Congresses, National Convention

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Multiple terrorists neutralised in Sambisa as coordinated strikes unsettle ISWAP commanders

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Multiple terrorists neutralised in Sambisa as coordinated strikes unsettle ISWAP commanders

By: Zagazola Makama

Fresh intelligence emerging from the Sambisa Forest indicates significant disarray within the Islamic State West Africa Province (ISWAP) following a series of coordinated ground and aerial strikes by Nigerian forces that dislodged key terrorist hideouts and neutralised dozens of fighters at the turn of the new year.

Zagazola Makama report that on Jan. 2, 2026, intercepted intelligence revealed growing concern among senior ISWAP commanders, including Jundullah and Ibn Hataf, after troops launched a surprise and “deadly” assault on the Balangaje hideout deep inside the Sambisa Forest on Jan. 1.

According to the sources, the Balangaje position described as a long-standing ISWAP enclave was completely overrun by the troops of Operation HADIN KAI, forcing surviving fighters to flee in disarray to other parts of the forest.

The commanders reportedly admitted that their forces were caught unprepared, resulting in a chaotic retreat in which many fighters were cut off and forced to escape individually, abandoning weapons, logistics and command structures.

More critically, the terrorists expressed concern over the fate of several senior commanders who have remained unaccounted for since the assault, raising strong indications of leadership casualties or severe command-and-control breakdown.

Security sources confirmed that the ground assault on Balangaje was launched by forces of 21 Armored Brigade operating in Nguro Soye in Bama Local Government Area.

Zagazola report that this ground success was decisively reinforced by precision air operations conducted under Operation Hadin Kai (OPHK), marking what one source described as a “welcome to 2026” for insurgent groups operating in the North-East.

On Jan. 1, following authorisation by OPHK, air assets engaged multiple high-value terrorist targets across Sambisa, Gava and the wider OPHK Area of Responsibility.

At about 0027 hours, an armed aircraft code-named Dragon, carried out a precision strike on a building with solar panels at Chiralia, identified as a terrorist logistics and command facility. Battle Damage Assessment (BDA) confirmed the structure was engulfed in flames, with secondary explosions suggesting the presence of stored fuel, explosives or logistics caches.

Further ISR operations tracked suspected Boko Haram Terrorists converging between rocky outcrops in the Gava axis. At approximately 0035 hours on Jan. 2, a precision strike was authorised and executed on the identified coordinates, with Battle Damaged Assessment confirming that about 11 suspected terrorists were neutralised.

Minutes later, surveillance assets observed about 10 additional terrorists fleeing the Gava settlements in panic after hearing the explosions. Continuous tracking revealed another convergence of about eight fighters under a tree, prompting a second precision strike at about 0114 hours.

BDA from the second engagement indicated that the eight terrorists were neutralised, while others fled in different directions. A secondary explosion was again observed near the strike point, reinforcing assessments that the location served as a weapons or logistics cache.

In a related operation, ISR assets identified a large concealed structure covered by trees and fitted with materials suspected to be solar panels, alongside a smaller adjoining building. Following clearance, the larger structure was engaged at about 0229 hours on Jan. 2, with BDA confirming its complete destruction.

Security analysts say the cumulative impact of these strikes has been profound. Beyond the immediate neutralisation of fighters, the operations degraded ISWAP’s logistics, energy supply, shelter and command infrastructure, while also exposing vulnerabilities in what had been considered secure forest hideouts.

The fact that ISWAP commanders are openly worried about missing senior leaders is significant. It points to either high-value casualties or a breakdown in their internal communication, both of which weaken their operational effectiveness.

The Sambisa Forest, once the symbolic and operational heartland of Boko Haram factions, has increasingly become a contested battlespace, with sustained intelligence-driven operations denying terrorists the freedom to regroup or reorganise.

The latest operations also illustrated the growing synergy between ground surface forces and air assets, particularly ISR-enabled precision strikes that exploit real-time intelligence to devastating effect.

The loss of Balangaje and the destruction of multiple hideouts across Chiralia, Gava and IRONS GATE axes further compress ISWAP fighters into smaller, more exposed pockets, increasing the likelihood of defections, internal fragmentation and further leadership losses.

As of press time, operations across the Sambisa Forest were ongoing.

The latest successes reaffirm the momentum of Operation Hadin Kai and suggest that insurgent groups entering 2026 are doing so under sustained pressure, shrinking space and growing internal anxiety over survival.

Multiple terrorists neutralised in Sambisa as coordinated strikes unsettle ISWAP commanders

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Gunmen abduct village head in Kwara, wife injured

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Gunmen abduct village head in Kwara, wife injured

By: Zagazola Makama

Gunmen have abducted the village head of Afin community in Babanla area of Kwara State, injuring his wife during the attack.

Security sources said the incident occurred at about 10:00 a.m. on Jan. 2, when the assailants invaded Afin Village via Babanla, firing sporadically to scare residents.

The sources said the attackers whisked away the village head, Oba Simeon Olaonipekun, while his wife sustained gunshot injuries during the attack.

She was rushed to the General Hospital, Omu-Aran, for medical treatment.

Following the incident, security personnel and local vigilantes were mobilised to the area to track the assailants and rescue the abducted traditional ruler.

The sources said the scene of the incident was visited as efforts continued to trail the gunmen and prevent further attacks in the area.

Investigation into the abduction, the sources added, was ongoing.

Gunmen abduct village head in Kwara, wife injured

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