News
Challenges before Buhari’s Ministers

With the clearing of some ministerial nominees by the Senate yesterday, a full component of President Muhammadu Buhari’s ‘Change’ team is almost ready, according to the Vanguard.
Expectedly, if the Senate ends the screening tomorrow, the President would have no hitches in swearing-in the ministers immediately or at the most next week, to accelerate the change agenda.
The Vanguard reported that indeed, the incoming ministers have a number of challenges waiting for them in the areas of healthcare, power, education, insecurity, poverty alleviation, economy, job creation, agriculture and provision of basic amenities and infrastructure among others.
Power supply challenge
The power challenge is a thorny one. Nigeria is still far away from becoming self-sufficient in electricity. The country’s epileptic power supply has taken a turn for the worse in recent months. Despite investing over $30 billion in the sector in the past 15 years, the total electricity supply as at today is about 5000 megawatts (MW) for a country of over 170 million people. While about 200,000MW is needed to meet our current energy demands, the government is still planning to increase power generation to 6,000 MW by December.
Poor power supply is one of the factors hindering rapid industrialisation and growth of small-scale enterprises, which in turn has led to rising rate of unemployment and worsening poverty among the citizenry.
Rising poverty, unemployment
President of Nigeria Muhammadu Buhari addresses the 70th session of the United Nations General Assembly September 28, 2015 at the United Nations in New York. AFP
FILE PHOTO: President of Nigeria Muhammadu Buhari addresses the 70th session of the United Nations General Assembly September 28, 2015 at the United Nations in New York. AFP
According to the National Bureau of Statistics, nearly two-thirds of Nigeria’s population live below the poverty line, which means over 100 million people live in absolute poverty, surviving on less than one dollar (about N200) a day.
The NBS said that the number of poor is rising; in 2004, 55 percent of people were living in absolute poverty and by 2010, this had risen to 61 per cent.
The situation is particularly bad in northern states where over three-quarters of the population live in absolute poverty. With widespread poverty, particularly in the North, over a quarter of young children (under five) are underweight in Nigeria, while around two-fifths are stunted, the World Health Organisation, WHO, said in its 2000–2009 assessment.
With little development and few social welfare programmes, extremist groups in the North are easily able to recruit poor and desperate young men to their cause.
The Central Bank of Nigeria, CBN, in June 2014 said that 80 per cent of the Nigerian youth are jobless.
The population of youth aged between 15 and 35 years in Nigeria is estimated to be 64 million.
CBN Special Assistant on Sustainable Banking, Dr. Aisha Mahmood, while delivering a paper on Nigerian Sustainable Banking Principle during the 2014 World Environment Day programme organised by the Federal Ministry of Environment in Abuja, said that unemployment remains a severe threat to Nigeria’s economy.
Severe threat
“As the population is growing, the resources that we all depend on, the food, energy, water, is declining. The demand for these resources will rise exponentially by the year 2030, with the world needing about 50 per cent more food, 45 per cent more energy and 30 per cent more water.
“In Nigeria, there is the issue of youth and employment. 70 per cent of the 80 million youth in Nigeria are either unemployed or underemployed. We are all witness to what happened recently during the immigration recruitment exercise and this is simply because 80 per cent of the Nigerian youth are unemployed,” she said.
Insecurity: Currently, the country is facing major security challenges in all zones of the country. The Boko Haram insurgency in the North-East geo-political zone, which has claimed about 8000 lives since 2009 is still raging. And since April 2014, over 200 Chibok school girls who were abducted by the insurgents have not been rescued. The problem of clashes between local farmers and Fulani herdsmen in the North-Central has so defied measures so also are the problems of armed robbery and kidnapping in the South-East and South-Western parts of the country.
Can the ministers boost efforts to check these breaches? They are expected to do so with discernible results!
Health: Nigeria’s health sector is another area that needs urgent action especially in primary and secondary healthcare. Statistics from the Save the Children organisation, an international non-profit group, has revealed that almost 800,000 Nigerian children die every year before their fifth birthday, making Nigeria the country with the highest number of new born deaths in Africa.
The group said recently that majority of children deaths under age five, particularly in the northern part of the country, are due to treatable and preventable diseases. This is worsened by recurring industrial disputes with doctors, nurses and other healthcare providers always at daggers drawn with the governments over salary and monetisation benefits.
It is therefore not surprising that Nigeria accounts for 13 per cent global maternal mortality rates with an estimated 36,000 women dying in pregnancy or at child birth each year. At least 5500 of these deaths are among teenage mothers.
MinistersNigeria also has about 260,000 neonatal deaths annually, 13 percent of which can be prevented with live saving interventions such as provision of required maternal health medicines and supplies.
Around 3.3 million Nigerians are living with HIV, which equates to 3.6 per cent of the adult population (UNAIDS 2009 data). This compares to 0.2 per cent of adults in the UK.
Data made available by the United Nations Population Fund (UNFPA) however, noted that over the last 20 years, Nigeria has made significant progress in reducing the maternal mortality ratio.
Concerted effort
It also added that Nigeria has to make concerted efforts to reach the Millennium Development Goal of 300 per 100,000 (or under 20,000 annual deaths) by 2015.
Education: Again, the ministers must do something about the falling standard of education in the country. Currently, no Nigerian university is among the world’s top 1,000 list.
The United States alone has eight universities in the top 10, the ranking done by the Centre for World University Rankings show.
The highest ranked university in Africa was the University of Witwatersrand in South Africa, which ranked 149th followed by Mansoura University in Egypt which emerged 988th.
In an earlier ranking done by Journals Consortium, only one Nigerian university made it to the list of top 10 African universities. The University of Ibadan came a distant eighth on that list, beaten by six South African schools. This is a far cry from what it used to be given that as recently as in the late 90s many African nationals especially South Africans and Cameroonians attended Nigerian universities. Today, the reverse is the case with many Nigerian students headed for Ghana, South Africa and Benin Republic among others.
Can the ministers halt this trend? Nigerians are hopeful and optimistic.
News
How Fraudsters Emptied a Judge’s Account of N7.2 Million in Midnight Attack

Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the commission recovered more than N7.2 million stolen from the bank account of a serving judge by suspected internet fraudsters in a midnight cyberattack.

Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC).
Olukoyede made the disclosure at the public presentation of two books authored by retired High Court judge, Justice Alaba Omolaye-Ajileye.
He said the serving judge, who is from a South-South state, contacted him around 1:00 a.m. after receiving multiple debit alerts indicating that funds had been withdrawn from her account.
According to him, the stolen money represented savings the judge had accumulated over six years to finance her child’s education.
Olukoyede said the EFCC immediately swung into action and successfully recovered the entire sum before 6:00 p.m. on the same day.
He said the incident underscored the increasing sophistication of cybercriminals and the urgent need for stronger collaboration among law enforcement agencies, the judiciary and members of the public in tackling financial crimes.
The EFCC chairman also called for amendments to Nigeria’s legal framework to accommodate the use of artificial intelligence (AI) in criminal investigations and prosecutions.
According to him, existing evidence laws should be reviewed to recognise AI-generated evidence as technology continues to reshape crime detection and investigation.
Also speaking at the event, former Attorney-General of the Federation and Minister of Justice, Chief Kanu Agabi (SAN), urged anti-corruption agencies to intensify efforts to trace and recover public funds allegedly stolen and stashed in foreign countries.
Agabi stressed the need for sustained collaboration among relevant institutions to strengthen Nigeria’s anti-corruption efforts and improve accountability in public service.
In his remarks, a former President of the Nigerian Bar Association (NBA), Chief Wole Olanipekun (SAN), called for stricter enforcement of the country’s cybercrime laws to curb the growing menace of internet fraud.
Olanipekun said effective implementation of existing laws, alongside stronger institutional cooperation, would help address the increasing threat posed by cybercriminals to individuals and the nation’s financial system.
News
FG Clears N39Bn Pension Arrears for NITEL, PHCN, Other Retirees

Federal Government has cleared nearly N39 billion in outstanding pension liabilities owed to retirees under the Defined Benefit Scheme (DBS), including former employees of the defunct Nigerian Telecommunications Limited (NITEL), Mobile Telecommunications Limited (MTEL), the Power Holding Company of Nigeria (PHCN) and other federal government agencies.

The Pension Transitional Arrangement Directorate (PTAD) disclosed this in a statement, saying the payments were in line with President Bola Tinubu’s Renewed Hope Agenda, which prioritises the settlement of inherited pension liabilities and improved welfare for retired public servants.
According to the directorate, the largest component of the payment, amounting to N25 billion, covered about 35 months of outstanding pension arrears owed to nearly 10,000 eligible retirees of the defunct NITEL and MTEL.
PTAD also said it disbursed about N9.5 billion as the first tranche of Back End Computation (BEC) arrears to eligible pensioners of the defunct Power Holding Company of Nigeria.
The Executive Secretary of PTAD, Mrs Tolulope Odunaiya, described the payments as a significant milestone in the Federal Government’s efforts to clear inherited pension obligations and strengthen confidence in the Defined Benefit Scheme.
Odunaiya said the settlement was made possible following presidential approval granted in 2025 and funding provided under the 2026 Appropriation Act.
She noted that the intervention had enabled the directorate to resolve long-standing pension liabilities affecting thousands of retirees.
“The successful settlement reflects the Federal Government’s commitment to sustaining pension reforms and ensuring that retirees receive their entitlements promptly in line with the objectives of the Renewed Hope Agenda,” she said.
Odunaiya thanked the affected pensioners for their patience while the liabilities remained outstanding and reaffirmed PTAD’s commitment to transparent, efficient and pensioner-focused service delivery.
She added that the directorate would continue to work towards improving pension administration and ensuring timely payment of retirees’ benefits.
News
Court Declares Keystone Bank Staff Wanted over Alleged N35m Fraud

A Federal High Court, Lagos has declared Mrs. Ebele Okpala, a female banker with Keystone Bank, wanted over alleged N35 million fraud.

Apart from declaring the banker who is said to be outside the country wanted, Justice deinde Dipeolu, trial judge in the matter, also directed the Department of State Security (DSS), Nigerian Immigration Service (NIS), and Nigeria Customs Service (NCS), to arrest her upon arriving the country.
Justice Dipeolu made the above order while granting a motion ex-parte marked FHC/L/530C/2024, filed and moved by M. Bello, on behalf of the Nigeria Police.
In the motion, Ebele Okpala and one Perpetual Onyeto, also a banker were listed as first and second defendants/respondents in the suit, while DSS, NIS and NCS were listed as cited parties/respondents.
In urging the court to make the above orders, Bello, informed the court that the application was pursuant to several sections of the Administration of Criminal Justice Act (ACJA) 2015, and under the court’s inherent jurisdiction. Adding that the application was supported by an affidavit deposed to by Inspector Tope Akerele of the Force Criminal Investigation Department (FCID), Special Fraud Unit (SFU), Ikoyi, Lagos.
In granting the application, Justice Dipeolu held, “After considering the application and the supporting affidavit, the request had merit and granted all the reliefs sought by the prosecution.
“That an order is hereby made that the 1st defendant/despondent be declared wanted and placed on the wanted list of the Nigeria Police Special Fraud Unit, 13, Milverton Road, Ikoyi, Lagos until she is arrested.
“That an order is hereby made compelling cited parties/respondents to assist in apprehending 1st defendant/Respondent once he enters into the country.
“That an order is hereby made permitting the Publication of the name of the 1st defendant/despondent in the National Daily Newspapers and Social Media handles by the Nigeria Police Special Fraud Unity Ikoyi, Lagos for the purpose of fulfilling the requirement of the Order 1 above.”
Recall that both the wanted banker and the second defendant/respondent were previously arraigned before the court by the operatives of the police Special Fraud Unit, PSFU.
Specifically, the two bankers were arraigned before the court sometimes in September 2024, on alleged conspiracy, theft, money laundering, fraudulent lift of lien placed on bank’s customer’s account and obtaining the sum of N35 million by false presence.
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