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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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1,000 Northern Youths to Receive Training in ICT

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1,000 Northern Youths to Receive Training in ICT

By: Michael Mike

A thousand youth from across northern states of the country are to be trained on Information and Communication Technology (ICT) as part of efforts at empowering youth from the region.

The training is part of efforts of United States (US) based organisation, Zumunta Association USA Inc. which planned to host its 2025 Annual Convention between July 14-25 in Lafia, Nasarawa State.

The association which was formed in New York, US in 1991 has since its inception given scholarships to over 5,000 science students in Northern Nigeria in the value of above N100 million.

Addressing a press conference in Abuja on Monday, the President of the Association, Mr. Sunday Bitrus, said apart from the ICT Training, a medical outreach would be organised between June 14-23 at the Gudi General Hospital, Akwanga, Nasarawa State to provide top medical care for members of the public.

Bitrus, while disclosing that the association is non-partisan and non-religious organisation dedicated to representing the rich cultural heritage and traditions of Nigeria, while also promoting a positive image of the country globally through the impactful actions of its members, said Zumunta Association remains committed to serving the needs of members, partnering with host communities and promoting unbiased, inclusive discourse on national development.

He noted that: “Our flagship Scholarship Programme has transformed the lives of
over 5,000 science students in Northern Nigeria, with over N100 million disbursed since inception. We receive more than
810,000 applications annually, a testament to the scale of need—and a call to action for donors and partners.

“We’ve spearheaded numerous palliative projects through partnerships with over 30 NGOs. Our work includes: School renovations; Health interventions; Community development initiatives across all 19 northern states and the FCT.

“In 2024, we joined hands with the government to enroll vulnerable populations into Essential Health Care Package
programmes, combating illnesses such as malaria, typhoid, and reducing under-5 mortality rates.”

He noted that during the Convention apart from the ICT Training and Medical Outreach, other activities lined up include Zumunta Golf Classic Tournament; Tennis Tournament, Business Meeting on Strategic Sectors such as Agriculture, Mining and Minerals, Health, and Housing; Gala, Awards and Fundraiser; Engagement with Traditional Rukers and Stakeholders.

Earlier, the Chairman/CEO, (NIDCOM), Hon. Abike Dabiri-Erewa, commended the efforts of the organisation towards development of the country.

Dabiri-Erewa, who was represented by the Secretary of the Commission, Dr. Sule Yakubu Bassi said the scholarships to 5,000 students was highly commendable and that NIDCOM would want to collaborate with the association in more areas.
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Gunmen ambush patrol team in Imo, one officer killed, Police ASP missing

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Gunmen ambush patrol team in Imo, one officer killed, Police ASP missing

By: Zagazola Makama

A police patrol team was ambushed on Sunday morning by suspected members of the proscribed Eastern Security Network (ESN) along the Okigwe–Umuahia Expressway in Imo State, resulting in the death of one officer and the disappearance of another.

Zagazola Makama learnt that the attack occurred at about 8:20 a.m. near Umuaka in Okigwe while the team was on routine patrol duties.

According to security sources, the patrol team was ambushed by heavily armed assailants who opened fire without provocation.

Police Constable Oluebube Onwubuariri, one of the patrol officers, sustained gunshot wounds to the ribs and was rushed to the General Hospital, Okigwe, where he was confirmed dead.

The team leader, Assistant Superintendent of Police Casmir Eronobi, has been declared missing. He was last seen with his AK-47 rifle bearing breech number 12592 and 13 rounds of 7.62mm ammunition.

A massive manhunt is underway to locate the missing officer and recover the service weapon.

Security reinforcements comprising tactical teams from Owerri, the military, local vigilantes, and hunters have been deployed to comb the surrounding forests and restore order.

Gunmen ambush patrol team in Imo, one officer killed, Police ASP missing

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Turji Surrenders Not Out of Repentance, but Survival Instinct — Sources**

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Turji Surrenders Not Out of Repentance, but Survival Instinct — Sources**

By: Zagazola Makama

A recently released video showing notorious bandit kingpin Bello Turji expressing interest in surrendering and accepting peace has left many Nigerians speculating whether the once-feared warlord has finally developed a conscience.

However, contrary to popular assumptions, Turji’s decision appears less about remorse and more about reality. The video, which went viral over the weekend, is not the result of a moral awakening but rather a product of desperation.

“Turji is not laying down arms because he suddenly loves peace. He is doing so because his operational capabilities have been severely weakened.”

Three days before the video surfaced, Zagazola reported that Turji was actively seeking surrender following the killing of his operational commander, Danbokolo, who was the true engine behind Turji’s terror enterprise.

Danbokolo was reportedly neutralized during a joint operation coordinated by the State Services and the Hybrid Forces, a local security team made up of Civilian JTF.

“Let’s be honest, Turji was more of a spokesman. Danbokolo handled the heavy lifting — the ambushes, raids, and executions,” the source said. “Once Danbokolo was gone, so was Turji’s swagger.”

The once-fire-spitting Turji now finds himself walking a tightrope, stripped of influence and hunted by the very people he once terrorized.

While the circumstances surrounding his potential disarmament are still being delicately managed, insiders confirm that the collapse of his network has been swift and decisive.

It is believed this recent development points to the impact of sustained, intelligence-driven offensives against high-value targets in the region.

Now, the question remains: will the government accept Turji’s amnesty after the atrocities he committed against peaceful communities in the Northwest? That remains uncertain.

Will his surrender end banditry in the Northwest? CERTAINLY NOT.

Turji Surrenders Not Out of Repentance, but Survival Instinct — Sources**

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