News
Buhari Breaks Covenant, Wastes 100 Days in Office – Nigerians

It is just days to the 100-day deadline the Muhammadu Buhari’s campaign set for itself to accomplish a raft of promises made before the March polls.
Naij.com reported that there are noteworthy indications of progress, but the new government must try to achieve more for the millions of Nigerians who put their hopes on new leader.
Buharimeter, the initiative that monitoring and holding how the president is implementing his promises, in their fresh report said that no promise is either achieved or not achieved.
According to naij.com, the ruling party has set up a mechanism to monitor and evaluate the execution of the APC’s manifesto and other vows made by Buhari during the presidential campaign.
It would be recalled that Asiwaju Bola Tinubu, national leader of the All Progressives Congress (APC) recently, urged Nigerians who have been accusing President Buhari of being too slow to allow the President at least 100 days of honeymoon.
He said change, which was at the centre of the party’s campaign ahead of the presidential election, would not be achieved with a magic wand.
Tinubu spoke with State House correspondents shortly after meeting behind closed-door with Buhari at the Presidential Villa, Abuja.
“May 29 was when this President was sworn in. It is an international norm, there is an honeymoon period, at least a minimum of 100 days’ honeymoon. And you won’t allow honeymoon at all? You said change is not coming. Change is not by magic. It is driven by the people, the spirit and the character and the planning,” he said.
But the president himself made the promises he will achieve in his first 100 days below;
“I pledge to:
Publicly declaration of my assets and liabilities
Encourage all my appointees to publicly declare their assets and liabilities as a pre-condition for appointment. All political appointees will only earn the salaries and allowances determined by the Revenue Mobilization and Fiscal Allocation Commission (RMFAC).
Personal leadership in the war against corruption
Inaugurate the National Council on Procurement as stipulated in the Procurement Act. The Federal Executive Council, which has been turned to a weekly session of contract bazaar, will concentrate on its principal function of policy making.
Review and implement audit recommendations by Nigeria Extractive Industries Transparency Initiative including those on remittances and remediation.
Work with the National Assembly towards the immediate enactment of a Whistle Blower Act
Work with the National Assembly to strengthen ICPC and EFCC by guaranteeing institutional autonomy including financial and prosecutorial independence and security of tenure of officials. Make the Financial Intelligence Unit of the EFCC autonomous and operational.
Encourage proactive disclosure of information by government institutions in the spirit of the Freedom of Information Act.
Ensure all MDAs and parastatals regularly comply with their accountability responsibilities to Nigerians through the National Assembly.
All political officer holdersearn only the salaries and emoluments determined and approved by the Revenue Mobilization and Fiscal Commission RMFAC.
Work with the leadership of the National Assembly and the Judiciary to cut down the cost of governance.
I will present a National Anti corruption Strategy.
Insurgency and Insecurity
I have had the rare privilege of serving my country in the military in various capacities and rose to become a Major General and Commander-in-Chief of the Armed Forces. I defended the territorial integrity of our nation.
I pledge to:
As Commander-in-Chief, lead from the front and not behind in the comfort and security of Aso Rock to boost the morale of fighting forces and the generality of all Nigerians.
Give especial attention to the welfare of our armed forces and their families; lost heroes and their families and the victims of insurgency.
Boost the morale of the men and women in the field by public recognition of their efforts through memorabilia, stamps, statues, regular rotation, regular payment of allowances, regular communication between the men and officers of security agencies, provision of best health care and housing for families of deceased comrades.
I will present a marshal plan to the nation that will combat insurgency, ethnic and religious violence, kidnapping and rural banditry.
Provideof the best and appropriate military and other materials the country needs to combat insurgency, ethnic and religious violence, kidnapping and rural banditry.
Establish personal relationship with governors of the affected states by insurgency, with leaders of the countries in the region and with leaders around the world to coordinate efforts to combat insurgency, oil theft, piracy and criminality.
Restore confidence in the bilateral and multilateral partnerships in addressing insurgency including procurements.
Activate regular meetings of the National Police Council to ensure the discharge of its true constitutional role in a transparent and accountable way.
As a father, I feel the pain of the victims of insurgency, kidnapping and violence whether they are the widows and orphans of military, paramilitary, civilians and parents or the Chibok girls. My government shall act decisively on any actionable intelligence to #BringBackOurGirls.
Niger Delta
I pledge to:
Restore the integrity of the Niger Delta by implementing relevant sections of the Ledum Technical Committee on human capital development, resource management and distribution, governance and rule of law, reclamation and environmental and sustainable development.
Commit myself and my administration to the phased implementation of the United Nations Environment Program’s(UNEP) recommendations on Ogoniland.
Unveil a marshal plan for the regenerative development of the Niger Delta.
Diversity
Diversity refers to the inherent complexities of the variations in the social fabric of a people. Elements of poorly managed diversities include absence of cohesion, low capacity or political will to address resulting tensions, weak institutions of the state, in-equalities in every facet, impunity, breakdown of mutual trust, rising incidences of violence and total breakdown of law and order. To quickly reverse this observable trend in our society:
I pledge to:
Continually acknowledge and consciously equality and equity in all government businesses and activities.
Implement the National Gender Policy including 35% of appointive positions for women.
Work with National Assembly to pass a National Disability Bill, which I shall immediately assent, into Law.
Immediately charge relevant MDAs to implement new building codes to ensure that people with disability have easier access.
I will lead the campaign for restoration of mutual trust and cohesion for nation building, while also working with the National Assembly to make appropriation to strengthen institutions and platforms promoting dialogue and inclusion.
I will promote amendment to the provisions of section 14:3 of the Constitution to give effect to the expansion of the scope of representation to include women and persons with disabilities.
Work with National Assembly to pass the National Disability Act and the Equal Opportunities Bill.
Health
I pledge to:
Implement the National Health Act 2014,which guarantees financial sustainability to the health sector and minimum basic health care for all and ban medical tourism by government officials.
Launch special programme to improve availability of water and sanitation.
Review occupational health laws and immediately commence enforcement of the provisions to reduce hazards in the work place.
Unveil a health sector review policy to ensure the efficient and effective management of our health systems.
Mobilize the health workforce needed for the all-round implementation of our primary health programmes for rural communities.
Agriculture
I pledge to:
Make pronouncement to make agriculture a major focus of the government and lay the institutional foundation to attract large-scale investments and capital into the agricultural infrastructural sector
Launch a massive agricultural infrastructural investments plan that will focus on production, transportation infrastructure and marketing logistics across Nigeria
Launched a massive, well-coordinated and innovatively funded Youth in Commercial Agribusiness Programme.
Establish agricultural produce pricing and marketing mechanism and institutions
Work with State and Local Governments to launch Agricultural Support Programmes that will drive state level massive agricultural land development and mechanization agenda
Revamp, revitalize and continuous improvement on the national agricultural extension and rural support service system
Initiated a holistic project aimed at promoting and securing access of standardized agricultural products to both local and international markets
Lay the groundwork for a standardized market uptake and aggregation outlets for specific agricultural produce
Initiated a comprehensive revamp of key development banks (Bank of Agriculture, Bank of Industry and Nigeria Import & Export Bank) operations to fund inclusive agricultural value chain operations
Lay the groundwork for an ambitious, massive, seamless, accessible single-digit agricultural value-chain finance programme
Initiated the process to appropriately liberalise and expand agricultural and rural insurance system with premium subventions support to farmers
Revamp the agricultural cooperative system to drive rural agriculture and improves stakes for smallholder farmers
Launch appropriate tariff rectification instrument to support import-export anomalies
Management of the Economy for prosperity
Every Nigerian deserves to benefit from the running of our collective resources. We promise not to leave any Nigerian behind in our determination to create, expand and ensure equitable and effective allocation of economic opportunities. No matter the amount of funds we generate, unless there is an efficient and effective utilization, it will only create few billionaires. Unless we fight corruption, the economy will only benefit the greedy in our society.
I pledge to:
Work with the legislature to strengthen constitutional provisions to make the meetings of the National Economic Council more periodic and predictable and its decisions more binding.
Present annual report on the state of the economy to the National Assembly and the Nigerian People.
The Preparation of Medium Term Expenditure Framework (MTEF) and annual Budget will be guided by job creation projections.
Negotiate rule-based oil revenue management process, and adopt a rule based excess crude account management process, which will entail a fixed percentage (e.g. 10% or 20%) of oil revenue each year, and also set clear rules about where the proceeds will be domiciled, when the savings can be used, by whom, and what the savings can be used for.
Work with the National Assembly to adopt a rule based, realistic and predictable oil benchmark as a basis for a more transparent management of federation account revenue and excess crude account.
Launch a Small Business Loan Guarantee Scheme in partnership with Commercial Lenders to improve access to finance for SMEs.
Automate the business registration process to ensure sole proprietorships can be opened within 24 hours and incorporated business within 5 days.
Reduce the cost of company registration to a maximum of N10, 000 for sole proprietorships to encourage formalization.
Review and regulate import duty waivers to promote transparency and accountability;
Forge partnerships with state and local governments and private sectors to promote innovation, entrepreneurship and cottage industries;
Work with the National Assembly to review and finalize work on the Petroleum Industry Bill (PIB);
Boost community and local participation in downstream through expansion and promotion of local content development;
Commence organizational reforms to curb corruption in NNPC and its subsidiaries
Industrial Relations
I pledge to:
Give political force to collective bargaining in all sectors of the economy, revive Tripartite Committee of Government, employers and workers organisations, whose task would be to constantly review matters of labour relations and the practice of industrial relations.
Undertake to institute an annual statutory tripartite body contribute towards formulation and implementation of broad macro-economic policies.
Reposition Ministry of Employment, Labour and Productivity and all relevant agencies mandated to manage labour dispute and grievance handling process to ensure pre-emptive strategies to halt the current frequent incessant strikes phenomenon.
Power
The power sector has become a monstrous demonstration of corruption. Despite investment of more than X there is nothing to show but few fat cats.
I pledge to:
War against corruption in the power sector
Tackle the issue of gas availability for the proposed power plants
Emphasis alternative sources of power such as small, medium and large hydro plants (Mambilla has capacity for 4,700 megawatts), wind, coal and solar. Efforts will be geared towards smaller and potable power supply.
Start an accelerated training of human resources for the power sector.
Work with PenCom to consider giving soft loans to power sector operators.
Youth and ICT Development
The youth are the salt of the nation. More than 60% of our population is categorized as being of youth age. The future of the nation depends on the brains of the youth and not on what is buried under the ground.
I pledge to:
Declare support for the appointment of young people with requisite qualification into key political offices to begin the incubation and mentoring for a successor political generation.
Unveil a policy that all federal contractors must employ at least 50% young people.
Work with the private sector to establish innovation fund for young people.
Encourage that girls’and boys’ education is prioritized in states where this is established to be a big problem.
Review and make pronouncements, with attendant political will and commitment, on the full implementation of the national youth policy.
Establish innovation centers in conjunction with proposed National Science Foundation and the private sector.
Include vocational skills in the curriculum of Almajiri schools so that they become self-employed.
Unveil a policy that will begin to multiply the efforts and effects of technology incubation centers to at least establish two of such centers in each of the geopolitical zone.
Establish a free-tuition and scholarship scheme for pupils who have shown exceptional aptitude in science subjects at O/Levels to study ICT-related courses.
Immediately establish linkages with friendly names to champion exchange programmes for the acquisition of IT related skills.
Extend the local content policies to cover software and hardware developments in the youth-driven markets. Put in place a quality assurance mechanism to ensure that standards are met and adhered to and make it a policy for companies to procure a % of their ICT needs from the local market.
Hold a summit of all ICT service providers, OEMs, etc both local and foreign that are doing business in Nigeria to device concrete skills transfer and capacity building models in a sustainable manner.
Conclusion: According to Chinua Achebe the problem of Nigeria is problem of leadership. You can only kill a snake from the head. Make the right decision; vote Buhari-Osinbajo on Valentine Day.
News
NDIC Moves to Boost Customers’ Confidence in Nigerian Banks

The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed its commitment to safeguarding the nation’s financial system, announcing that its recent upward review of the maximum deposit insurance coverage now protects about 99% of depositors in the Country.

Kabir Katata, Executive Director (Operations), NDIC, stated this on Wednesday at the Corporation’s 2025 Stakeholders’ Town Hall Meeting held in Enugu.
Katata, while speaking on the theme, “Deepening Stakeholder Engagement,” said the policy to expand deposit insurance coverage was deliberately designed to protect small savers, promote financial inclusion and strengthen public confidence in the banking sector.
He explained that the town hall meeting was aimed at engaging stakeholders across various sectors, including academia, market associations and civil society groups.
“The essence of this town hall meeting is to interact with our stakeholders, tell them what we do and listen to their questions so they can better understand the role NDIC plays in society. We guarantee depositors’ funds and supervise banks to ensure that depositors are protected”, he said.
Katata noted that following the 2024 review of deposit insurance coverage, depositors in Deposit Money Banks (DMBs), Mobile Money Operators (MMOs) and Non-Interest Banks (NIBs) are now insured up to N5 million per depositor.
Similarly, depositors in Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs) and Payment Service Banks (PSBs) now enjoy insurance coverage of up to N2 million per depositor.
“This means that in the event of a bank failure, depositors are promptly paid up to the insured limit,” he said.
He added that depositors with balances exceeding the insured limit would receive the initial insured sum, while the outstanding balance would be paid as liquidation dividends upon realisation of the failed bank’s assets and recovery of debts.
Highlighting improvements in the payout process, Katata referenced the recent resolution of defunct institutions, including Heritage Bank Limited, Union Homes PLC and Aso Savings and Loans PLC.
He said that the Corporation successfully leveraged the Bank Verification Number (BVN) as a unique identifier to trace depositors’ alternative accounts and transfer insured sums within days of bank closures.
“I urge all depositors to ensure that their BVN is properly linked to their bank accounts and identity records. This greatly facilitates seamless and timely access to insured deposits in the event of bank failure,” he advised.
Katata emphasised that although the NDIC works closely with the Central Bank of Nigeria (CBN) to ensure sound corporate governance and regulatory compliance in banks, financial system stability remains a shared responsibility.
“While the CBN and NDIC continue to strengthen oversight, depositors also have a responsibility to remain vigilant and well-informed,” he said.
News
Open Access Data Centres Acquires Seven NTT Data Centres Across South Africa

Open Access Data Centres (OADC), Africa’s fastest-growing data centre company, has officially announced the strategic acquisition of seven NTT data centres across South Africa.

The acquisition, which concluded on 31 December 2025 following approval by the Competition Commission, will significantly expand OADC’s national data centre footprint by adding seven facilities and increasing total capacity to more than 25 megawatts.
With a presence in South Africa, Nigeria and the Democratic Republic of Congo (DRC), OADC is already one of the largest and most influential data centre operators on the African continent. By adding these new facilities, OADC reinforces its ‘core-to-edge’ proposition and is uniquely positioned to meet the growing demand for digital services across Southern Africa, while strengthening its leadership in Africa’s digital transformation.
Dr Ayotunde Coker, CEO of OADC, commented: “This acquisition represents a significant step forward in expanding our ability to deliver scalable, resilient colocation solutions where they are needed. It strengthens our market value proposition, positioning OADC as a critical partner in growing Africa’s digital economy. We can provide clients with a wider range of comprehensive resilience solutions, delivering geographically separated primary and disaster recovery data centre infrastructure for their businesses.”
OADC’s acquisition of these seven data centres underscores the company’s long-term vision to enable Africa’s digital ecosystem, drive economic growth, enrich society, and reinforce its role as a pivotal enabler of digital connectivity and technological advancement across the continent.
Dr Coker added: “Looking ahead beyond the immediate expansion of our operational presence, OADC plans on enhancing all of its data centres as part of its continuous facility enhancement process, bringing the introduction of advanced operational measures to ensure peak efficiency and reliability.”
News
CAC Reports 248 Fake Companies to EFCC, Tackles Banks

Hussaini Magaji (SAN), registrar-general of the Corporate Affairs Commission, (CAC) has accused some banks and financial institutions of undermining Nigeria’s anti-corruption and compliance framework by allowing inactive and non-compliant companies to continue operating and transacting freely.

Magaji also disclosed that the commission reported 248 fake company registrations to the Economic and Financial Crimes Commission (EFCC) for investigation and prosecution, while three CAC staff members were handed over to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) over alleged internal misconduct.
The CAC boss made these disclosures on Tuesday in Abuja during an Anti-Corruption Day presentation and panel discussion held as part of activities marking the commission’s 35th anniversary. He spoke on the topic, “Transparency for Development: The Nigeria Experience.”
Speaking before representatives of key anti-corruption and law-enforcement agencies, Magaji warned that Nigeria’s corporate regulatory system would remain vulnerable unless all institutions enforced compliance uniformly.
“Let me state clearly: at CAC today, no company without full disclosure of its Persons with Significant Control is recognised as compliant. Companies that fail to disclose their PSC are flagged as inactive, and such status renders them unfit for credible transactions,” he said.
However, he expressed concern that this regulatory sanction was being routinely ignored by some financial institutions.
“However, we face a serious challenge. While CAC may flag such companies as inactive, some financial institutions, particularly banks, continue to allow these inactive companies to operate, open accounts, and transact freely. This is a major weakness in our national compliance chain. We must join hands to stop it,” Magaji added.
According to him, Nigeria’s regulatory ecosystem must speak with one voice, stressing that non-compliant companies should not enjoy the privileges of legality. “If a company is non-compliant, it must not enjoy the privileges of legality. Our collective success depends on enforcing this principle across the board,” he said.
To deepen compliance, Magaji said the Commission had taken decisive steps to clean up its internal processes and demonstrate zero tolerance for corruption.
“In the year under review, I had cause to surrender three members of staff to the ICPC for alleged misconduct involving suspicious and unauthorised tampering with company records. This was done to eliminate the chances of compromise and strengthen integrity within our processes,” he said.
He further revealed that 248 fake company registrations were discovered to have been illegally inserted into the CAC system and subsequently reported to the EFCC.
“Within the same period, I submitted to the EFCC a list of 248 fake company registrations illegally inserted into our system through unlawful means, for investigation and prosecution,” Magaji disclosed.
According to him, the entities operated without traceable corporate identities and failed to contribute to national revenue through taxation. An additional 15 such entities were also submitted for further investigation.
“Notably, despite these actions, no legitimate legal challenge has been brought against CAC regarding the removal and reporting of these illegal registrations,” he said.
The CAC Registrar-General also renewed calls for the establishment of a single, harmonised national register for beneficial ownership information, warning that Nigeria’s current fragmented system created loopholes that could be exploited for corruption, money laundering, and illicit financial flows.
He noted that while Nigeria had made progress in beneficial ownership transparency, multiple sector-specific registers operated outside the central CAC database.
“At the moment, we operate a fragmented system where certain sectors maintain separate beneficial ownership registers, such as the Extractive Industry and NEPZA, outside the central national register managed by CAC. This situation creates duplication, inconsistencies, and regulatory loopholes. It weakens our national integrity framework and complicates law-enforcement efforts,” he said.
Magaji stressed that CAC was legally and structurally positioned to serve as the central repository for beneficial ownership data in the country.
“There is therefore an urgent need for a single, harmonised national register for beneficial ownership in Nigeria. CAC is positioned by law and structure to serve as the central repository for beneficial ownership information. We need your support, your voice, your advocacy, and your institutional backing to push for this reform in the national interest,” he pleaded with stakeholders.
According to him, a single register would improve verification, enhance transparency, and strengthen Nigeria’s compliance with global anti-money laundering and counter-terrorism financing standards.
Magaji further described beneficial ownership disclosure as a growing global imperative, citing recent international developments, including court decisions in the United Kingdom involving property ownership linked to Nigerians.
“Beneficial ownership disclosure has become one of the most topical and critical issues in global governance today. The world is moving rapidly towards transparency, and Nigeria cannot afford to lag behind,” he said.
He called for the elevation of the Persons with Significant Control Rules into an Act of the National Assembly to provide a stronger legal foundation for enforcement.
“We must now push strongly for the passage of the Persons with Significant Control Rules into an Act of the National Assembly. We need a stronger, more comprehensive legal framework that will checkmate sophisticated abuses of the corporate vehicle,” he added.
The CAC boss also raised concern over the practice by some large corporations of declaring other companies, rather than individuals, as beneficial owners. “This defeats the purpose of beneficial ownership transparency. It creates layers of concealment and undermines accountability,” he warned.
Magaji concluded by urging sustained collaboration among Nigeria’s anti-corruption and law-enforcement agencies, describing the fight against corruption as a collective national responsibility. “The fight against corruption is not the responsibility of one agency. It is a national duty requiring coordination, trust, and shared resolve,” he said.
He called on agencies including the EFCC, ICPC, Nigeria Financial Intelligence Unit, and the National Drug Law Enforcement Agency to deepen information sharing, joint investigations, and real-time verification with the CAC.
“Our collaboration must not be episodic. It must be sustained, structured, and institutionalised so that our collective efforts translate into measurable outcomes for Nigeria,” he added.
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