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Nigeria to Benefit from US$500 million Development Plan

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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

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ISWAP’s acknowledgement of commander’s death highlights gains by troops, cracks within insurgent ranks

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ISWAP’s acknowledgement of commander’s death highlights gains by troops, cracks within insurgent ranks

By: Zagazola Makama

Fresh intelligence indicating that the Islamic State West Africa Province (ISWAP) has internally acknowledged the death of one of its senior commanders killed by Nigerian troops has provided a rare insight into the impact of recent military operations in the North-East.

The insurgent commander, identified as Modu Kundiri, served as the Qa’id (camp commander) of ISWAP’s Pulka axis in Gwoza Local Government Area of Borno State, a strategic location close to the border with Adamawa State and the Sambisa Forest corridor.

Intelligence sources told Zagazola Makama that Kundiri was neutralised during recent military operation along the Madagali–Gwoza axis, an area that has remained a critical operational corridor for insurgent movements between Borno and Adamawa.

What makes the development particularly significant is that the confirmation of his death did not come through official propaganda channels of the insurgent group but through intercepted communications among ISWAP members themselves.

According to intelligence obtained on March 11, a conversation between an insurgent identified as Abubakar, who was using Kundiri’s GSM line from a location opposite Pulka Market, and an associate named Fatima in Gonidamgari area of Maiduguri, revealed that the commander had been killed by military troops during the operation. Such internal acknowledgements often provide a clearer picture of battlefield realities than propaganda statements, which insurgent groups frequently manipulate to project strength.

Before his death, Kundiri was reportedly involved in coordinating or participating in several attacks across multiple local government areas in Borno and Adamawa states. These included operations in Gwoza, Askira/Uba, Bama and Konduga LGAs in Borno State, as well as Madagali LGA in Adamawa State.

Security sources say his operational reach across several LGAs reflected his familiarity with the terrain and his ability to coordinate movements along the rugged border areas linking Sambisa Forest to northern Adamawa.

His influence within the insurgent hierarchy had recently increased after he was reportedly elevated to senior command by Mallam Ba’ana Chingori, a prominent ISWAP figure believed to be operating within the Sambisa Forest enclave and Timbuktu Triangle.

The appointment placed Kundiri in charge of coordinating insurgent activities in the Pulka axis, an area frequently targeted by troops because of its strategic importance to insurgent logistics and movement.

The loss of such a commander could temporarily disrupt ISWAP’s operational coordination in the southern Borno corridor.
Field commanders like Kundiri typically serve as the link between strategic leadership in forest enclaves and operational cells responsible for attacks, recruitment and logistics.

“When such commanders are eliminated, it often creates a short-term vacuum in the command structure,” a counter-insurgency analyst said. However, insurgent organisations often attempt to quickly fill these gaps to maintain continuity.

Evidence of such attempts may already be emerging. Intelligence sources noted that the GSM line previously used by Kundiri is now being operated by another ISWAP member. This could be an attempt by the group to conceal the commander’s death temporarily or maintain communication channels within the network to avoid operational disruption.

Such tactics are common among insurgent groups trying to prevent panic or confusion among fighters following the loss of key leaders.

ISWAP’s acknowledgement of commander’s death highlights gains by troops, cracks within insurgent ranks

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Operation Hadin Kai debunks Fake news on ISWAP enclave in Tuba, Jere in Borno

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Operation Hadin Kai debunks Fake news on ISWAP enclave in Tuba, Jere in Borno

By: Zagazola Makama

Reports circulating online claiming that Boko Haram and ISWAP insurgents have established a new enclave in Tuba, Jere Local Government Area, have been strongly condemned by military sources in Operation HADIN KAI, describing the claims as false, misleading, and deliberately designed to spread fear.

According to the sources, recent operations conducted by troops of 212 Battalion, Operation HADIN KAI, across Tuba and surrounding areas including Dusuman, Jabarmari, Gongulong, Ngom, and along the Maiduguri-Monguno and Maiduguri-Mafa highways, found no evidence of any terrorist enclave, concentration, or movement as claimed in the reports.

The military sources expressed outrage over the circulation of such unverified stories, noting that some media platforms appear to be serving interests contrary to national security and public safety. “These claims are false, sensational, and do not reflect the reality on the ground,” the sources said.

They pointed to previous instances of deliberate exaggeration, where some outlets reported that 40 or even 100 soldiers were killed during attacks in Konduga figures that were never corroborated by even the insurgents themselves. Another example cited involved reports claiming Boko Haram had taken over Ngoshe, only for videos of troops firmly securing the area to emerge, exposing the lies. Despite this, some media still went ahead to report that Army has recaptured Ngoshe without providing further details of how the Operation tool place.

“Who are these media outlets serving?” the military sources demanded. “Are they advancing national or public interest, or are they actively trying to support the terrorists to disintegrate the country through fake narratives?”

While acknowledging operational challenges in the theatre, the military sources emphasized that troops continue to maintain operational dominance, safeguard residents, and protect highways and strategic installations across the North East region.

In other countries, citizens rally around their military to support them in countering violent extremism. Hardly will you find active citizens working as though they are tool of terrorists propaganda. They warned that unverified reports undermine troop morale, endanger civilians, and distort public perception of ongoing security efforts in the country.

Journalists and media platforms were urged to exercise professionalism, verify facts before publication, and avoid being used as instruments of destabilisation. Residents were advised to rely only on credible sources and report suspicious activities to security agencies.

The military remains committed to defeating terrorism, ensuring stability in Borno State and the broader North-East, and will not be distracted or demoralized by falsehoods masquerading as news.

Operation Hadin Kai debunks Fake news on ISWAP enclave in Tuba, Jere in Borno

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Fresh tension in ISWAP camps as top commander Modu Kunduli neutralised by troops in Borno

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Fresh tension in ISWAP camps as top commander Modu Kunduli neutralised by troops in Borno

By: Zagazola Makama

Fresh tension and anxiety have gripped Islamic State West Africa Province (ISWAP) camps following the neutralisation of one of its top commanders, Modu Kunduli, by troops of Operation HADIN KAI during a failed assault on the Army Forward Operation Base in Mayanti village, Bama Local Government Area of Borno State.

Sources say the late commander met his end during a last week’s failed mission targeting the Army Forward Operation Base at Mayanti village. His death is expected to create a significant leadership vacuum within ISWAP, particularly in Sambisa Forest, given his mastery of local terrain and fluency in Fulfulde, Kanuri, and Marghi.

Zagazola report that Kunduli, a high-profile ISWAP commander, had been orchestrating attacks across Borno and Adamawa states for the past ten years, dating back to the era of Boko Haram founder Abubakar Shekau. He joined ISWAP shortly after the death of Shekau in 2021z

He was notorious for terrorising communities in Askira Uba Local Government Area, including Lassa, Multaku, Uvu, Wamdeo, and Ruimirgo villages. Reports also indicate his involvement in attacks on Vita, Yamtage, Izge, Pulka, Warabe, Limankara, and Ubawa villages in Gwoza Local Government Area.

Beyond Borno, Kunduli held operational control over Galta, a border community linking Adamawa and Borno states, overseeing large swathes of territory in Madagali and Michika Local Government Areas of Adamawa. His deep knowledge of the Sambisa Forest terrain, coupled with his leadership capabilities, earned him the command of several ISWAP branches across the region.

Zagazola note that Kunduli’s elimination represents a major blow to ISWAP’s operational capabilities in the north-east, disrupting the group’s command structure and its ability to coordinate attacks across Borno and Adamawa states.

Troops of Operation HADIN KAI continue to exploit the area and maintain aggressive patrols to prevent remaining insurgents from regrouping.

Military sources have assured residents that the offensive will continue until the remnants of the terrorist group are decisively neutralised.

Fresh tension in ISWAP camps as top commander Modu Kunduli neutralised by troops in Borno

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