News
Nigeria to Benefit from US$500 million Development Plan
Nigeria to Benefit from US$500 million Development Plan
By: Michael Mike
Nigeria is one of the country to benefit from a Memorandum of Understanding (MoU) signed for the co-financing of up to US$500 million of debt transactions to facilitate long-term sustainable development across developing economies and low-income countries in Africa, Asia, and the Caribbean.
The MoU was signed between British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor with Amsterdam-based ILX Management (ILX), an SDG and Climate-Focused Emerging Market Private Debt Fund.
According to a statement jointly signed by Clare Murray of British International Investment and Simone Boes of ILX Management, BII and ILX will invest across a broad range of sectors including renewable energy, infrastructure, financial services, manufacturing and agribusiness to increase the flow of capital into impactful businesses and projects.
The statement added that this new partnership will enable both parties to leverage each other’s expertise and provide additional financial firepower across Africa, Asia and the Caribbean. ILX and BII will share information on prospective projects, emerging technologies, and financial innovation. They will also establish a roadmap to mobilise private sector capital, specifically focusing on providing institutional investors with greater access to high-impact private debt investment opportunities in scalable businesses driving productive, sustainable and inclusive growth.
CEO, BII, Nick O’Donohoe said: “This partnership has been driven by our shared view of the need to invest to meet the SDGs. It furthers our ambition to create new job opportunities in developing economies and will provide private credit to help bridge the finance gap faced by many businesses. This asset class remains nascent, comprising of just 3 per cent of private credit globally, and is the natural next step for allocators of global private credit.”
CEO, ILX Management B.V., Manfred Schepers, said “ILX has already received over US$1 billion in commitments from leading Dutch pension funds and is currently raising a successor fund for a targeted US$ 2 billion commitments from European pension funds. Working with BII, together we will increase financial capacity for project finance, financial services debt and private sector debt across Africa, Asia and the Caribbean. We have a strong track record of investing alongside the leading Multilateral Development Banks and other Development Finance Institutions in climate, and SDG-targeted projects across emerging economies globally and look forward to the opportunities this partnership will bring.”
UK Minister for Development and Africa, Andrew Mitchell, on his part said “This MoU with ILX is an example of British International Investment’s pioneering approach to mobilising the private finance needed to deliver the UN Sustainable Development Goals. I am proud that FCDO provided early-stage funding to ILX, which went on to secure over US$1 billion in commitments to its first investment fund.
This new partnership will mobilise up to US$500m of additional finance for low-income countries across Africa, Asia, and the Caribbean, improving access to renewable energy and quality infrastructure and helping businesses to thrive.”
Nigeria to Benefit from US$500 million Development Plan
News
Two Forest Security Guard Members arrested in Ogun for extortion, illegal possession of firearms
Two Forest Security Guard Members arrested in Ogun for extortion, illegal possession of firearms
By: Zagazola Makama
Two men claiming to be members of the Nigeria Forest Security Services (NFSS) have been arrested in Sagamu, Ogun State, for illegal possession of firearms and extortion of motorists.
Zagazola Makama report that the arrest was made on Dec. 28, 2025, at about 8:32 p.m. following a report that three men dressed in security uniforms were sighted along Ikenne Road, near the NYSC Orientation Camp, collecting money from motorists while visibly armed with hunter-style guns.
Upon receiving the information, operatives from the Sagamu Division raced to the scene and apprehended two suspects: Emmanuel Idu, 55, and Sunday Moses, 35. A third suspect, identified as Oyilo David, 35, fled the scene and is currently at large.
During preliminary interrogation, the arrested men claimed to be attached to the Sagamu NFSS unit operating along Agbele Road by Otunba Gbenga Daniel Market. They also stated that the locally fabricated guns recovered from them were issued by a Commander Kehinde Joseph, allegedly supervising their operations.
In addition to the firearms, security operatives recovered one unexpended cartridge and the sum of ₦1,000 in ₦200 denominations from the suspects.
Authorities disclosed that one of the suspects had previously been implicated in a motorcycle theft case in Abeokuta, where the stolen motorcycle was recovered, and charges were filed in court.
The suspects have been transferred to the State Criminal Investigation and Intelligence Department (SCIID), Abeokuta, for further investigation.
Two Forest Security Guard Members arrested in Ogun for extortion, illegal possession of firearms
Troops neutralise key Boko Haram commanders in Bama airstrikes
By: Zagazola Makama
Troops of Operation Hadin Kai, supported by Nigerian Army and Nigerian Air Force platforms, have neutralised several key Boko Haram terrorist commanders during coordinated airstrikes in Bama Local Government Area of Borno State.
Sources told Zagazola Makama that the airstrikes were conducted on Dec. 25, 2025, following actionable human intelligence on terrorist movements in the area.
According to the sources, no fewer than 10 Boko Haram terrorists were killed in the initial airstrike. Those neutralised included Abul Kaka, Ibn Mu’azu, Abu Muhammad, Ba Alhaji, Bakura, Modu, Abu Hassan, Kaka Alai, Abba Yakariye and Bamusa.
The sources further disclosed that another terrorist, identified as Ubaida, sustained serious injuries during the strike.
The sources added that a subsequent follow-up strike by Nigerian Air Force assets led to the instant killing of three additional terrorists.
Security sources confirmed that the majority of the neutralised fighters were loyal to Bafu, a notorious Boko Haram commander operating in the Bama axis.
An assessment of the operation indicated a significant degradation of Boko Haram’s fighting capability in Bama, particularly among elements under Bafu’s command, as a direct outcome of the sustained air campaign.
The sources noted that while the general security situation in the area remains calm, it is still considered unpredictable due to the fluid nature of insurgent activities.
Troops neutralise key Boko Haram commanders in Bama airstrikes
IPOB attack Enugu police patrol team, kill two officers and seize firearms
By: Zagazola Makama
Two police inspectors have been killed and three rifles stolen following an attack on a Distress Response Squad (DRS) patrol along Zik Avenue by Good Shepherd Specialist Hospital in Enugu State.
Zagazola gathered that the incident occurred at about 8:30 p.m. on Dec. 27, 2025, when six armed men, suspected to be members of IPOB/ESN, operating in an ash-coloured Lexus RX 350 SUV, attacked and set ablaze the patrol Hilux vehicle.
The sources identified the slain officers as Inspectors Valentine Iheme and Ani Anayo, both members of the DRS team. The assailants carted away three AK-47 rifles with 30 rounds of live ammunition each.
According to the sources, all tactical teams and assets of the command have been activated and deployed in pursuit of the suspects, with a view to neutralising them and recovering the stolen firearms.
The sources said that the Enugu State Police Command has vowed to bring the perpetrators to justice.
IPOB attack Enugu police patrol team, kill two officers and seize firearms
Notorious drug peddler killed during police raid in Katsina
Two Forest Security Guard Members arrested in Ogun for extortion, illegal possession of firearms
Troops neutralise key Boko Haram commanders in Bama airstrikes
Roger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
THE PLIGHT OF FARIDA
FAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years ago
THE PLIGHT OF FARIDA
-
News8 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
