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We are Working Round the Clock to Recover, Plough Back Stolen Funds into National Development, Says EFCC Boss

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We are Working Round the Clock to Recover, Plough Back Stolen Funds into National Development, Says EFCC Boss

By: Michael Mike

The Chairman of Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has said the anti-graft agency is working round the clock to recover stolen funds invested in assets across the globe by Nigerians, and plough it back into the nation’s economy for national development.

Olukoyede gave the promise on Wednesday when the Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Hon. Abike Dabiri-Erewa and her team paid a courtesy visit on him at the EFCC Headquarters in Abuja on Wednesday

The EFCC boss while responding to remarks from Dabiri-Erewa expressed his appreciation for NiDCOM’s efforts, noted with concern the challenges faced by some Nigerians abroad, particularly the stigma attached to holders of Nigerian passport, saying NiDCOM work is gradually changing the narrative.

Olukoyede disclosed that a lot of stashed and stolen funds from Nigeria were invested in assets across the world, adding that the Commission is working round the clock to recover such funds and plough it back into the nation’s economy for national development.

The EFCC boss assured the Commission of his readiness to continue to partner with it in its activities and programmes geared towards revamping the bad image some bad citizens have created about Nigeria.

He stressed on the shared mandate of both Commissions aimed at encouraging Nigerians, both at home and in the Diaspora, to be exemplary ambassadors of their country.

He noted that: “The path to greatness is filled with hard work and dedication.”

Earlier, the EFCC boss has commended the Economic and Financial Crimes Commission (EFCC) for its pivotal role in resolving numerous fraud cases involving Nigerians abroad.

Dabiri-Erewa noted that the mere mention of the EFCC’s name has been effective in deterring fraudulent activities, thereby safeguarding the image of Nigerians in the Diaspora.

She had discussions with the EFCC boss focusing on critical issues affecting Nigerians in the Diaspora, particularly concerning remittances and the overall image of the nation’s abroad.

During the visit, Dabiri-Erewa expressed her gratitude to EFCC and its management for their swift and effective resolution of cases referred by NiDCOM.

She listed some of the challenges faced by NiDCOM, highlighting the pressing issue of office accommodation, and requested EFCC’s assistance in addressing the matter.

The NiDCOM Chairman also outlined several key initiatives undertaken by the Commission, including the National Diaspora Policy, Diaspora Data Mapping, the Diaspora Lecture Series, the Nigeria Diaspora Investment Summit (NDIS), Medical Missions by Diasporans, Returnees Intervention Programs, and the Badagry Door of Return among others.

These initiatives, she emphasized, are crucial in strengthening the ties between Nigeria and its Diaspora community.

We are Working Round the Clock to Recover, Plough Back Stolen Funds into National Development, Says EFCC Boss

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Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

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Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

By: Michael Mike

The Network for the Actualization of Social Growth and Viable Development (NEFGAD), a frontline public procurement advocacy group, has commended President Bola Tinubu for the bold, visionary, and far-reaching reforms outlined in his presentation of the 2026 Appropriation Bill to the National Assembly.

NEFGAD particularly commended President Tinubu’s remarks on public procurement at the presentation of the budget, stating that the President’s statement underscores the administration’s unwavering commitment to transparency, efficiency, and prudent management of public resources.

In a statement signed by the organisation’s acting head of office, Barrister Unekwu Ojo, and made available to journalists on Saturday, NEFGAD lauded the President’s disclosure that the Federal Government commenced a comprehensive procurement reform framework from November last year, describing it as a decisive shift toward strengthening due process, reducing waste, and enforcing accountability across Ministries, Departments, and Agencies (MDAs).

The statement noted that the reforms have demonstrably shortened procurement processing timelines, enhanced compliance, and strengthened sanctions against erring contractors and public officials, setting a new benchmark for governance and fiscal prudence.

The group said that November 2024, the period referenced by Mr. President, coincides with the assumption of office of the Director-General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and established beyond doubt, that the procurement reforms acknowledged by Mr. President are being driven and implemented under the leadership of Dr. Adedokun, in alignment with the policy direction of the Tinubu administration.

Of particular significance is the President’s emphasis on the Nigeria First Policy, which mandates MDAs to prioritize Nigerian-made goods and local companies in public procurement, NEFGAD described this policy as a strategic intervention aimed at deepening local content, stimulating domestic industries, creating jobs, encouraging innovation, and reducing Nigeria’s over-reliance on imports, and emphasised that procurement is no longer a mere administrative process but a powerful instrument for national economic development and industrial growth.

Ojo further commended the remarkable achievement of the Bureau of Public Procurement under Dr. Adebowale Adedokun, which has recorded over ₦1 trillion in savings within just one year through enhanced price intelligence and benchmarking mechanisms.

She insisted that: “This figure is larger than the cumulative savings recorded by the BPP in 17 years from 2007 to 2024 before Dr. Adedokun’s assumption of office, marking the most significant cost-saving milestone in the history of the Bureau and perhaps in the entire continent by any government in a single budget cycle.”

NEFGAD observed that these gains are a clear demonstration that Nigeria’s procurement system is entering a new era defined by efficiency, national interest, and sustainable economic growth. The organisation stressed that while the achievements are commendable, sustained reforms must be safeguarded through strict adherence to due process, impartial enforcement, and continuous transparency.

The group called on all stakeholders, including MDAs, civil society organisations, and the media, to actively engage in monitoring the implementation of procurement reforms, ensuring that the Nigeria First Policy achieves its intended goals without being hijacked by vested interests or manipulated for political patronage.

NEFGAD also urged the government to institutionalise best practices, consolidate savings, and expand the culture of accountability, warning that the long-term success of the reforms hinges on consistent oversight, robust regulatory frameworks, and unwavering political will.

According to NEFGAD, the ongoing transformation of Nigeria’s procurement landscape is not only a victory for public finance management but also a template for good governance that other sectors can emulate. The organisation reiterated its commitment to supporting the government’s reform agenda through advocacy, capacity building, and independent monitoring, emphasizing that procurement must continue to serve as a strategic driver of economic development, job creation, and national prosperity.

Tinubu’s Procurement Reforms, a Turning Point for National Economic Growth – NEFGAD

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China-Nigeria Trade Volume Surpasses $22b- Envoy

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China-Nigeria Trade Volume Surpasses $22b- Envoy
…10,000 Nigerians Have Enjoyed Training Programmes in China So Far

By: Michael Mike

China-Nigeria trade volume has surpassed $22 billion, China Ambassador to Nigeria, Yu Dunhai has said.

Speaking at the 1st Annual China-Nigeria Government Exchange Program Alumni Reunion Gala, in Abuja, Yu also disclosed that over 10,000 Nigerians have benefited from opportunities for the exchange provided by China.

Yu while noting that 2025 trade volume has surpassed that of the previous year, said that China’s direct investment to Nigeria increased by 130%, while Nigeria’s export increased by over 200%.

He said: “ I think this bilateral relations not only has a political meaning, but it’s actually more about people-to-people relations. And I’m very happy to let all of you know that our trade volumes, this year, already surpassed 22 billion U.S. dollars.

“That’s already surpassed the total amount of last year. And China’s direct investment to Nigeria increased by 130%. And another good news is Nigeria’s export increased by over 200%.”

The envoy also said his country is working closely with Nigeria authorities to implement the zero tariff policy announced in June 2025, which is meant to expand Nigeria’s export to China while also enhancing Nigeria’s position on the international global trading system.

He said: “We are working very closely with the Ministry of Industry, Trade and Investment to implement the zero tariff policy, which the Chinese government announced last June. That is, China is going to provide zero tariff for 100% of products from all 53 African countries, including Nigeria, to China.

“And I believe that this is going to expand Nigeria’s export to China and contribute also to the enhancing of Nigeria’s position on the international global system, the trading system.”

He noted that China-Nigeria are working on other various projects which are aimed at providing mutual benefits, stating that he believed that Nigeria and China are natural partners, as both countries shared the same interest.

He therefore said both countries need to work together to enhance the current global governance, to address the active representation of African countries, and to better let our voices be heard globally.

Yu, while stating that: “China’s today is Nigeria’s tomorrow,” noted that China and Nigeria shared a lot of similarities.

On bringing the alumni together, Yu said: “is to provide a platform for our alumni who attended the Chinese Government Exchange Programme to stay connected, to exchange ideas, and thus contribute to China-Nigeria relations.

“Indeed, over the years, China has provided over 10,000 opportunities for the training programme for Nigerians.

He said the training opportunities aimed at building the capacities and sharing experience of governance, to poverty reduction, to manufacturing, agriculture, public health, trade, investment, science, technology, innovation, food economy, digital economy.

He added that: “And I believe that this not only helps to enhance the capabilities of the individuals, but also contributes to the economic and social development of Nigeria.”

Yu said the alumni of the exchange programme cut across Nigeria’s cities of Abuja, Lagos, Maiduguri and Ibadan, among others.

China-Nigeria Trade Volume Surpasses $22b- Envoy

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Sterling Strengthens Media Capacity on Sustainability Reporting

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Sterling Strengthens Media Capacity on Sustainability Reporting

By: Michael Mike

In a deliberate move to deepen responsible sustainability reporting and strengthen the role of the media in national development, the Sterling Sustainability Working Group has convened a high-level sustainability training for journalists as part of activities marking the 2025 National Sustainability Week (NSW).

The Sterling Sustainability Working Group champions the sustainability mandate for the Sterling Financial Holdings Company that comprises of Sterling Bank and Alternative Bank

The strategic programme, organised by the Sterling Sustainability Working Group in partnership with the Climate Africa Media Initiative and Centre (CAMIC) in collaboration with NatureNews brought together selected media executives and journalists from across the country for a two-day hybrid engagement that began on Tuesday in Abuja.

Welcoming participants, Chairperson of the Sustainability Working Group, Mrs Bunmi Ajiboye, underscored the central role of the media in shaping public perception and policy conversations around sustainability.

She described the engagement as a pivotal intervention aimed at redefining how Nigeria’s development story is told.

According to her, sustainability has moved beyond a narrow environmental narrative to become a comprehensive development framework that touches the economy, innovation, governance and social inclusion.

She noted that journalists as custodians of public information, have a responsibility to frame these issues with clarity, accuracy and purpose.

Ajiboye also said that effective storytelling by the media can drive action, dispel misinformation and elevate grassroots solutions that often go unnoticed. She said the training was designed to equip participants with the tools and insights needed to amplify credible solutions, influence behaviour and inspire collective responsibility among citizens and decision-makers.

She further highlighted Sterling’s sustainability footprint, citing the company’s investments in renewable energy projects, support for circular economy ventures, promotion of climate-smart agriculture and youth empowerment initiatives nationwide. These efforts, she said, reflect Sterling’s long-term commitment to embedding sustainability into business strategy and social impact.

She said: “This is not just a learning session; it is a call for partnership,” while urging journalists to work with stakeholders in building narratives that reflect Nigeria’s resilience, creativity and potential.

Participants at the training were drawn from reputable print, broadcast and digital media organisations and joined both physically and virtually.

They received expert-led sessions from seasoned media professionals, including Aliu Akoshile, Publisher of NatureNews Media; Akogun Ishiak Ajibola, former Managing Director of Daily Trust; and Victoria Bamas, Editor at the International Centre for Investigative Reporting (ICIR).

The training focused on strengthening digital reporting skills, deepening understanding of sustainability issues and positioning the media as a critical driver of informed public discourse and sustainable development outcomes in Nigeria.

Sterling Strengthens Media Capacity on Sustainability Reporting

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