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VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

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VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

By: Our Reporter

Vice President Kashim Shettima has inaugurated the Board of Directors of the National Credit Guarantee Company Limited (NCGC Ltd), charging members to deepen financial inclusion and stimulate Nigeria’s grassroots economy.

The new institution is designed to serve as a financial backbone for micro, small, and medium enterprises (MSMEs) struggling with access to affordable credit.

Speaking on Thursday during the inauguration ceremony at the Presidential Villa, Vice President Shettima said the establishment of NCGC represents the government’s commitment to bridging the financing gap that has long plagued MSMEs across the country.

President Bola Ahmed Tinubu had on May 29, 2025, announced the establishment of the company, just as he also approved the appointment of its board and management team.

The President also appointed former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the NCGC Board, while Mr. Bonaventure Okhaimo was appointed the Managing Director and Chief Executive Officer.

While inaugurating the board, the Vice President said, “This is our response to a stubborn challenge that has stifled our economic potential for decades—access to finance. These entrepreneurs do not ask for handouts; they ask for the credibility of their ideas to be matched by the confidence of our financial institutions.”

Describing the NCGC as “a critical engine in our pursuit of economic inclusion and sustainable growth,” VP Shettima explained that the company will serve as a vital bridge between entrepreneurs and financial institutions, providing the trust needed for small businesses to secure loans.

He cited instances of farmers, traders, artisans, and tech entrepreneurs across the country who, despite being productive, are often stranded due to a lack of collateral or guarantees.

“NCGC is that bridge. It is the assurance that when a farmer in Ibadan needs a loan to expand her cocoa farm, when a tech start-up in Abuja needs working capital to scale, when a leather artisan in Kano seeks to mechanise his craft, and when a trader in Onitsha needs capital to expand, the system will no longer fail them. It is a promise that productive Nigerians will not be stranded for want of guarantees,” the Vice President said.

To the newly inaugurated board, chaired by former Speaker Dogara, VP Shettima urged its members to combine “prudence with courage, accountability with ambition,” as they translate national policy into impact.

“This is a call to deploy your diverse expertise not only as overseers but as enablers of transformation,” he charged, adding that the new board’s leadership is important in unlocking capital for Nigeria’s most enterprising but underserved sectors.

“On behalf of His Excellency, President Bola Ahmed Tinubu, GFCR, and the Federal Government of Nigeria, I hereby declare the Board of Directors of the National Credit Guarantee Company Limited duly inaugurated,” he stated.

Earlier, the new board’s Chairman, Rt. Hon. Dogara thanked President Tinubu for the bold and courageous leadership he is providing for the country.

“The establishment of NCGC is an attempt to give vent to our democracy to deliver on its promise. As it is said, the promise of democracy is life, liberty and the pursuit of happiness.

“You can be alive and may enjoy all the rights, but if you don’t have the means with which to pursue happiness, you are excluded from the promise of democracy. Our democracy must deliver not just political and individual rights but economic opportunities,” he said.

In his remarks, the Managing Director (MD) of the Bank of Industry (BOI) and member of the board, Dr. Olasupo Olusi, said that the establishment of the NCGC reflects the administration’s unwavering commitment to removing structural barriers that long constrained access to finance for MSMEs, manufacturers, consumers and other segments of the economy.

“This milestone is a result of dedicated hard work by a coalition of partners like BOI, Ministry of Finance Incorporated, Nigerian Consumer Credit Corporation, Nigeria Sovereign Investment Authority and the World Bank, who have all worked closely together under the direction of the Presidential Committee,” he said.

Other members of the board include Mrs. Tinoula Aigwedo, Executive Director of Strategy and Operations; Dr. Ezekiel Oseni, Executive Director, Risk Management; and Ms. Yeside Kazeem, Independent Non-Executive Director.

Representatives from key financial institutions serving as Non-Executive Board Members of the company include Mr. Aminu Sadiq-Umar (MD, Nigeria Sovereign Investment Authority), Dr. Olasupo Olusi (MD/CEO, Bank of Industry), Mr. Uzoma Nwagba (MD, Nigeria Consumer Credit Corporation), and Mrs. Oluwakemi Owonubi (representative of the Ministry of Finance Incorporated).

VP Shettima Inaugurates NCGC Board, Says Firm Will Unlock MSME Financing In Nigeria

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NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

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NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

By: Michael Mike

The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has uncovered an alleged human trafficking operation following a coordinated raid on a popular hotel in the 33 Area of Onitsha, Anambra State, resulting in the arrest of six suspects and the rescue of 17 victims.

The operation, which was carried out with the support of military personnel, led to the arrest of four suspected traffickers at the hotel, while two other suspects believed to be involved in the buying and selling of babies within the South-East region were apprehended during related operations.

NAPTIP disclosed that four of the rescued victims were diagnosed with HIV and are currently receiving counselling and medical support from the agency, alongside volunteers from the Anambra State AIDS Control Agency (ANSACA).

According to the agency, the raid was triggered by credible intelligence from a non-state actor in Anambra State, which indicated the presence of underage girls allegedly being exploited within the facility.

The intelligence also revealed concerns about the health conditions of the victims, prompting voluntary medical screening after proper counselling.

Investigations revealed that residents in the area had previously raised alarm over suspicious activities at the hotel, which has about 45 rooms. The hotel was reportedly known for frequent visits by men suspected to be engaging in illicit activities with underage girls.

During the operation, some victims were found in compromising situations with clients, while others were reportedly dressed provocatively and waiting for customers.

The victims were said to have told investigators that they were recruited from Benue, Imo, Ebonyi and Akwa Ibom states and trafficked to Onitsha under false pretences before being forced into prostitution.

The victims further disclosed that they were compelled to remit between ₦20,000 and ₦25,000 daily to their handler, popularly referred to as their “Madam,” after engaging multiple clients each day.

One of the rescued victims recounted being lured to Onitsha by a promise of employment, only to discover upon arrival that she had been forced into sex work.

Another victim alleged that after undergoing HIV testing, their handler seized the medications provided and physically assaulted them for attempting to seek medical treatment.

Reacting to the development, the Director-General of NAPTIP, Hajiya Binta Bello, expressed deep concern over the victims’ suffering and deteriorating health conditions.

She commended the military and the Gender and Human Rights State Response Team domiciled at ANSACA for their swift intervention and collaboration.

Bello described the denial of medical care to the victims as a criminal act, revealing that NAPTIP has launched a manhunt for the fleeing handler. She also confirmed that the owner of the hotel has been invited for questioning as investigations continue.

The NAPTIP boss reaffirmed the agency’s commitment to intensifying its crackdown on human trafficking, warning traffickers that 2026 would be a difficult year for anyone involved in the crime.

NAPTIP Raids Onitsha Hotel, Arrests Six Suspects, Rescues 17 Trafficking Victims

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Behold! Wind Of Change In Borno’s Third-tier Governance

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Behold! Wind Of Change In Borno’s Third-tier Governance

By Dauda Iliya

A phenomenal wind of change is blowing across third-tier governance in Borno State, with the inauguration of the state’s 27 newly elected local government council chairmen, Thursday, January 29, as launchpad.

In a strategic shift in grassroots governance, named: Zulum’s New Formula, about sixty percent of the council chiefs are all under the age fifty, a historic departure from the dominant paradigm of majority above-sixty, and already aging-out, politicians holding the third-tier governance fort.

Most striking, however, is the fact that Governor Zulum has ensured fifteen percent of the chairmen are in their thirties—a novel and unprecedented development.

Moreover, over sixty percent of them hold bachelor’s or postgraduate degrees, combining knowledge, education and leadership, a pacesetting accomplishment in the annals of local government administration, at least in Northern Nigeria.

This novel grassroots governance approach has already produced results: several chairmen have prepared strategic blueprints aligned with the Governor’s 25-year development framework and 10-year strategic transformation plan.

The new chairmen were elected on 13th December 2025, in the third local government poll conducted under Governor Babagana Umara Zulum’s administration within six and a half years.

The election fulfilled the provision of the 1999 Constitution (as amended), which mandates that local government areas be governed by elected officials—a principle recently reaffirmed by the Supreme Court.

Apart from the striking age shift, majority of these grassroots-governance new breeds were sieved from backgrounds in administration, political appointment, academia, business and, most-strikingly, practical farming.

Zulum’s New Formula is advised by the fact that the youth form the largest demographic group in Borno State, as is incontrovertibly the case in all states of the country, and have played a significant role in promoting the state’s peace and stability.

To, therefore, integrate them into governance, Governor Zulum has entrenched the trend of appointing many young people to political and public offices.

The newly inaugurated local council leadership is also gender-inclusive, with a considerable number of women elected as councillors and further opportunities emerging for women in both elective and appointive roles.

Prior to the inauguration, Governor Zulum submitted an executive communication to the House of Assembly seeking to amend the Local Government Administration Law 2000, extending chairmen’s tenure from two to three years. This responds to popular demand and allows greater time to initiate and deliver development projects.

As he administered the oath of office on them, that historic Thursday, Zulum whose massage was delivered by the acting Governor, Hon. Umar Usman Kadafur, charged them to be above board in the conduct of local governance and develop their local government areas in fulfillment of their respective realities and according to existing and emerging imperatives.

His aim is to put to shame, all doubting Thomases and pessimists about his pacesetting novel grassroots governance formula.

“As you take your oaths of Allegiance and Office, you have not just won an election, but you have accepted a covenant with the people of Borno State,” Zulum. He pointed out to the local council helmsmen, “You have volunteered to bear the weight of their hopes, their struggles and their aspirations for a better life at the grassroots, the very foundation of our society.”

The governor emphasized that their stewardship comes at a pivotal moment in the history of the state, and described them as the primary engines for the implementation of his 25-Year Development Plan and the immediate drivers of his 10-Year Strategic Transformation Initiative.

“Your success at the local level is the critical foundation for the Borno of our collective vision, a State of sustained peace, shared prosperity and renewed hope,” he charged.

Zulum underscored to them his profound passion for, and commitment to, his novel grassroots governance formula.

The resources you steward are the lifeline of our communities. You must be guardians of every Naira, aligning every project and programme with the pillars of our 10-Year Strategy. Focus on essentials that directly improve lives, security and dignity of our people. No vanity projects. Furthermore, I direct your immediate attention to the welfare of Local Government staff. Timely payment of salaries and entitlements is non-negotiable. In the same vein, all workers must report to their duty posts promptly. Productivity and discipline must be restored.

As he bade them farewell in their tortures grassroots governance voyage, he charged:

“The path ahead is steep, but the destination is worth the climb. You are the critical keystone for our long-term plan to transform Borno state. The legacy you leave begins today, with your integrity, your humility and your unwavering commitment to service. I have faith that you will be the leaders Borno State needs.”

Zulum, on one hand, and the massive assemblage of well-wishers, Doubting Thomases and pessimists, all on the other, watched the newly inaugurated local council helmsmen as they set their respective ships sailing across the turbulent sea of grassroots governance on a voyage to justify, or otherwise, the governor’s novel grassroots governance formula.

Whatever happens, a desirable wind of change is blowing across Borno State’s grassroots governance, purposefully for the lasting good of a state rising from the ruins of terror.

Dauda Iliya is the Special Adviser on Media/Spokesperson to the Borno State Governor

Behold! Wind Of Change In Borno’s Third-tier Governance

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Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

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Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

By: Michael Mike

Allegations of institutional cover-up have again put the Nigeria Police under scrutiny following claims by Mrs. Nnenna John-Anozie that senior police authorities are deliberately protecting officers linked to the abduction and disappearance of her husband, Mr. John Chukwuemeka Anozie.

Mrs. John-Anozie, at the weekend in Abuja accused the police of ignoring valid court orders and the outcomes of formal investigations, insisting that the actions of the Nigeria Police point to an internal network operating above the law.

According to her, the continued protection of the officers involved has not only obstructed justice but has also eroded public confidence in the institution constitutionally empowered to protect lives and liberties.

She described the police response to her case as a consistent and deliberate failure rather than an administrative lapse. “This is not just negligence; it is a betrayal of public trust,” she said, adding that the law is being openly disregarded by those sworn to uphold it. She maintained that the police authorities are fully aware of the circumstances surrounding her husband’s disappearance but have chosen not to act.

Mrs. John-Anozie further stated that contrary to public perception, the judiciary has not hindered her quest for justice. She explained that the court had ruled in her favour, but enforcement of the judgment has been frustrated by the police’s refusal to comply with binding orders. She warned that such disobedience undermines the authority of the courts and weakens the rule of law.

Her legal counsel, Mr. Vincent Adodo, has since approached the Federal High Court in Abuja, filing a contempt application against the Inspector-General of Police, Mr. Kayode Egbetokun. The application seeks an order compelling the police to produce for prosecution officers allegedly connected to the case — identified as Sunday Okpe, Anthony Obiozor Ikechukwu, Emeana Uzochukwu, John Eze, and an officer known as Oriole (also called Tboy) — as well as to release investigation records relating to the matter.

The contempt proceedings are scheduled to be heard on February 9, a date Mrs. John-Anozie describes as crucial not only for her family but also for accountability within law enforcement. She argues that the absence of effective mechanisms to enforce compliance with court orders has prolonged her ordeal and cast doubt on the integrity of the justice system.

Mrs. John-Anozie lamented that efforts to seek justice through the National Human Rights Commission and the EndSARS Judicial Panel seems to have failed as police officers ignored several summons and orders.

She said despite the lengthy process, she is determined to pursue justice through lawful means, stressing that only strict adherence to the rule of law can guarantee accountability, protect citizens’ rights, and restore confidence in public institutions.

Woman Accuses Police of Shielding Officers in Husband’s Disappearance, Seeks Justice Through Courts

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