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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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Flood: NGO cautions Gombe residents against indiscriminate dumping of waste

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Flood: NGO cautions Gombe residents against indiscriminate dumping of waste

Jewel Environmental Initiative (JEI), a Non-Governmental Organisation (NGO), in Gombr, on Friday tasked residents in the state on proper disposal of waste to mitigate the impact of flooding this 2026.

The Chief Executive Officer of the NGO, Mr Ismail Bima, made the call in an interview with our Correspondent in Gombe on Friday.

According to Bima, the huge losses associated with flooding and its negative impact on the environment and livelihoods has made it imperative for collective efforts to tackle flooding in Gombe.

He urged residents to take responsibility in ensuring a clean environment for their wellbeing.

“We have been sensitising residents for weeks now because of the impact of flooding on our people, communities and livelihoods.

“We must not wait for the rain before doing the right thing.

“Avoid dumping wastes in drains and water channels; this is key to addressing flood related disasters as the rainy season commences,” he said.

Bima disclosed that his team had intensified sensitisation exercise in Kwami, Nafada, Funakaye and Yamaltu/Deba Local Government Areas of the state because they were proned to flooding..

He said that the flooding in Funakaye had been attributed largely to buildings erected in waterways, stressing that,”residents should vacate the area.

“I urge the state government to relocate people from such areas to help save lives and properties.

He commended th State government’s efforts in reclaiming degraded land and building huge concrete gullies in several communities to help manage severe erosion.

He said that the concrete gullies have helped in protecting critical infrastructure and livelihoods of thousands of residents in the state.

Bima urged the government and residents to take advantage of the rainy season to plant more trees to replace those that have been fellen for firewood and charcoal purposes.

Flood: NGO cautions Gombe residents against indiscriminate dumping of waste

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Angwa-Rukuba Killings: Court orders suspects to remain in DSS’ custody*Okays speedy trial

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Angwa-Rukuba Killings: Court orders suspects to remain in DSS’ custody
*Okays speedy trial

By: Our Reporter

A Plateau State High Court on Friday ordered that four suspects standing trial for their alleged involvement in the March 2026 killings in the Angwa Rukuba community of Jos North Local Government Area, remain in the custody of the Department of State Services (DSS).

The court also agreed to a request by the prosecution to speed up the trial. The matter was adjourned to May 26 to consider the report on the case management conference, and 1st and 2nd July for hearing.

The suspects, identified as Isa Umar Ibrahim, Auwalu Abubakar (also known as Auwalu Dogo), Musa Abubakar Ibrahim (also known as Yaroro), and others, are facing charges of terrorism and criminal conspiracy.

The charges were filed by the State Attorney General, Philemon Daffi, under the Plateau State Penal Code Law, 2017.
On Friday, Mustapha Shabbat (SAN), who announced his appearance for the defendants, objected to their continued detention in the facility of the DSS.
In a short ruling, however, the trial judge held it it remained the discretion of the court to determine where to keep suspects under trial.

“Considering the facts and circumstances of this case, this honorable court has jurisdiction to remand the defendant in the custody of DSS or correctional centr provided the place of custody is safe.
“The defendants are hereby remanded in the custody of the DSS. They must however be allowed to have access to his counsels while in detention pending the prompt conclusion of investigation,” ruled the judge.

Court: Case management has already been taken place in accordance with the provisions of the law. The case is hereby adjourned to 26th May for report of the court on case management and further adjourned to 1st and 2nd July, 2026 for hearing.

The particulars of offence read, in part “That you, Isa Umar Ibrahim, Musa Abubakar Ibrahim of Riyom Local Government Area, Auwalu Abubakar (A.K.A Auwalu Dogo) of Jos North Local Government Area, Musa Abubakar Ibrahim (A.K.A Yaroro) of Jos North Local Government Areas of Plateau State; and one Ado Ibrahim (Now at Large) of Riyom Local Government Area of Plateau State, on the 28th day of March, 2025 at Farin Gada, Jos North Local Government Area, did conspire amongst yourselves to commit offences relating to terrorism when you planned, organized, facilitated, aided, and contributed money to carry out the attack in Angwan Rukuba, Jos North Local Government Area of Plateau State within the Jurisdiction of this Honourable Court; you thereby committed the above offence.

“That you, Isa Umar Ibrahim, Musa Abubakar Ibrahim of Riyom Local Government Area, Auwalu Abubakar (A.K.A Auwalu Dogo) of Jos North Local Government Area, Musa Abubakar Ibrahim (A.K.A Yaroro) of Jos North Local Government Areas of Plateau State; and one Ado Ibrahim (Now at Large) of Riyom Local Government Area of Plateau State, on the 28th day of March, 2025 at Farin Gada, Jos North Local Government Area, did commit the offence of terrorism when you planned, organized, facilitated, aided, contributed and received money to carry out an attack in Angwan Rukuba, which led to the death of over thirty (30) people in Jos North Local Government Area of Plateau State within the Jurisdiction of this Honourable Court.”
Part of the particulars of Alhassan’s offence read, “That you Adamu Isah Alhassan together with one Ibrahim Musa (Now at Large), Imarana Sa’idu (Now at Large), Yusuf Sa’idu (Now at Large) Aliyu Usaini (Now at Large), Yahuza Adamu (Now at Large), Mubarak Yunusa (Now at Large), Yakubu, whose surname is unknown (Now at Large) and others also at large between the months of January to December, 2025 and in January, 2026 at Gwang, Rin Ward, Bachit and Bangai Villages of Riyom Local Government Area and Vom in Jos South Local Government Areas of Plateau State within the jurisdiction of this Honourable Court did commit an illegal act to wit: Culpable Homicide Punishable with Death, when you armed yourselves with guns, attacked and killed the residents of Gwang, Rin Ward, Bachit and Bangai Villages of Riyom Local Government Area and Vom in Jos South Local Government Area of Plateau State, and you thereby committed the above offence.”

Angwa-Rukuba Killings: Court orders suspects to remain in DSS’ custody
*Okays speedy trial

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Breaking; Court Dismisses Sowore’s no-case submission in DSS’ charges of Cyberbulling Tinubu

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Breaking; Court Dismisses Sowore’s no-case submission in DSS’ charges of Cyberbulling Tinubu.

*Fixes May 19 to open defence

Justice Mohammed Garba Umar of the Federal High Court in Abuja on Friday dismissed the no-case submission made by politician-activist, Omoyele Sowore, in the charge of Cyberbullying President Bola Tinubu brought against him by the Department of the State Services (DSS).

The Court upheld DSS’ charges against Sowore for allegedly calling President Bola Ahmed Tinubu a “criminal” in his social media handles. The judge fixed May 19 for Sowore to enter his defence in the charges against him.

Sowore had filed the no-case submission and prayed the court to discharge and acquit him from the 2-count charge.

In the long ruling, Justice Umar punctured Sowore’s arguments that the DSS provided only one witness, that the victim, President Bola Tinubu, wasn’t invited to testify. He held that the DSS successfully linked Sowore to the alleged crime, and that the defendant did not deny posting the offensive messages online.
The judge further ruled that the Supreme Court has long established that any evidence, no matter how small that links a defendant to an alleged crime is sufficient to establish a prima facie case established against the defendant to warrant his defence in the allegations against him.

Shortly after the ruling, counsel to the DSS, Akinlolu Kehinde, SAN, told the court that he was ready to proceed with the trial. However, Sowore’s counsel, Marshall Abubakar, rose to appeal to the judge that his client has something important to tell the court. Even though counsel to the DSS protested the move, insisting that the rule was that a defendant may be represented in court by a counsel or by himself, not both, the judge allowed Sowore use the microphone to address the court.
He began by openly accusing the Judge of bias, and asked the judge to recuse himself, as he wasn’t sure of getting justice in his court.

He alleged that the judge was in cohort with the federal government convict him at all costs so as to prevent him from contesting the 2027 general election.
His counsel, Abubakar echoed the same sentiment, asking the Judge to return the case file to the Chief Judge of the Federal High Court for re-assignment to another judge,

The DSS lawyer, Akinlolu Kehinde SAN who had earlier asked the Judge not to grant audience to Sowore but his counsel on record, prayed that the recusal application be discarded.

In a brief ruling, Justice Umar ordered Sowore to file formal application for recusal and state his grievances,

He thereafter fixed May 19 for the defendant to open his defense.

Breaking; Court Dismisses Sowore’s no-case submission in DSS’ charges of Cyberbulling Tinubu

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