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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
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
By: Zagazola Makama
Troops under Operation MESA have arrested two suspected terrorist logistics couriers along the Obajana–Kabba road in Lokoja Local Government Area of Kogi State.
Sources said the operation was conducted at about 0010hrs on April 20, following credible intelligence report on the movement of suspected terrorist logistics couriers.
Troops of 12 Brigade mounted a snap checkpoint at RA Oshokoshoko and intercepted a vehicle conveying the suspects en route Obajana from Makurdi.
A search of the vehicle led to the recovery of a sack containing 314 rounds of 7.62mm special ammunition and three AK-47 magazines, concealed behind the driver’s seat.
Other items recovered include two mobile phones, a driver’s licence, a National Identification Number (NIN) slip, and an identity card.
The suspects and recovered items are currently in military custody for further investigation and action.
Troops Arrest Suspected Terror Logistics Couriers in Kogi State
News
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
By: Zagazola Makama
Security operatives in Nasarawa State have intercepted stolen livestock allegedly rustled by Berom militia from Bokkos in Plateau State and sold through illicit channels, leading to the arrest of a suspect who claimed to have purchased the animals from a paramount ruler.
Police sources said the breakthrough followed credible intelligence received by the State Criminal Investigation Department (SCID) in Lafia on April 19 regarding suspicious cattle being traded at the Lafia cattle market.
Acting on the tip-off, detectives swiftly mobilised to the market and arrested one Alhaji Ziya-U Inusa, a resident of Dengi in Plateau State, who was found in possession of eleven cows suspected to have been stolen.
During interrogation, the suspect reportedly confessed that he purchased twelve cows from a paramount ruler in Plateau State (name withheld) but transported only eleven due to limited vehicle capacity.
Further investigation led to the emergence of one Abdullahi Adamu from Bokkos Local Government Area of Plateau State, who identified himself as the rightful owner of the recovered livestock.
Adamu explained that the cows were part of a larger herd of 57 cattle rustled in May 2025 by armed youths in Bokkos, adding that all previous efforts to recover the animals had been unsuccessful until the latest operation.
Security sources confirmed that the recovered cattle have been secured, while investigations are ongoing to unravel the network involved in the rustling and illicit sale of the livestock, including the alleged role of intermediaries and buyers.
The incident adds to a growing pattern of attacks against the livelihoods of pastoralist communities in Barkin Ladi, Bokkos, Mangu, and other parts of Plateau State.
Zagazola has consistently reported how Berom militia have engaged in livestock theft. In most cases, the victims (Fulani herders) are killed and buried in shallow graves, while in some instances, troops or police intercept the criminals and recover the stolen livestock.
The latest such incident occurred on April 16, when troops under Operation Enduring Peace responded to a rustling incident in Mangu Local Government Area, where suspected criminals fled before security forces arrived.
Similarly, on April 15, troops under Operation Enduring Peace (OPEP) recovered 48 rustled cattle in Yelwa village, Heipang District of Barkin Ladi Local Government Area of Plateau State. Sources said the recovery followed a distress call received at about 0635 hours reporting the rustling of cattle belonging to a resident of the community.
In another operation on April 13, troops foiled an attempted cattle rustling in Bassa Local Government Area, recovering 92 cattle after pursuing suspected youths who abandoned the animals while fleeing.
Zagazola reports that such incidents are among the main triggers of the cycle of reprisal attacks, further escalating tensions in affected communities.
Stolen cows allegedly rustled by Berom militia from Plateau, sold by paramount ruler traced to Nasarawa
News
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
By: Yahaya Wakili
Vice President of the Federal Republic of Nigeria, Alhaji Kashim Shettima GCON; His Excellency, Governor Mai Mala Buni CON, COMN; the Speaker of the House of Representatives, Hon. Tajudden Abbas; Deputy President of the Senate, Senator Barau Jibrin; governors; emirs; and other dignitaries attend the wedding Fatiha of the children of Borno State Governor Babagana Umara Zulum in Maiduguri, Borno State capital.
Governor Mai Mala Buni of Yobe State became the Wali of the groom, Muhammad Idi Barde Gubana, the son of the deputy governor of Yobe State, while Alhaji Muhammad Indimi was the Wali to the bride, Aisha Babagana Umara Zulum, the daughter of the governor of Borno State.
The marriage contract was finally sealed after the confirmation of the presentation of the medical certificate of fitness and 12 gold coins, and it was officiated by Imam Shettima Mamman Saleh, the chief imam of the Borno State Emirate Council, who offered prayers to Almighty Allah for the success of the marriage.
Also in attendance were the governors of Gombe, Kaduna, Nasarawa, Kebbi, Zamfara, Sokoto, and Jigawa states as well as the deputy governor of Imo state.
Other dignitaries in attendance include the minister of budget and economic planning, former secretary to the Yobe state government Alhaji Baba Mallam Wali MNI, Ambassador Babagana Kingibe, Speaker of the Gombe state House of Assembly, Yobe state Head of Civil Service Alhaji Abdullahi Musa Shehu, and heads of agencies and parastatals.
The wedding Fatiha also witnesses the royal highnesses and fathers included. His Highness, the Emir of Fika and Chairman of the Yobe State Council of Traditional Rulers, Alhaji Dr. Muhammad Abali Muhammad Idriss, CON, CFR; Emir of Tikau, Alhaji Abubakar Muhammadu Ibn Grema II; Emir of Machina; Damaturu; Gudi; Fune; Jajere; Ngelzarma; as well as over thirty emirs from Borno State
VP Shettima, Governor Buni attend Zulum’s children’s wedding Fatiha in Maiduguri.
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