General News
Aganga Emerges World Bank Chairman
Olusegun Aganga, minister of Finance has emerged the new Chairman of the Board of World Bank and International Monetary Fund (BWIs), in Washington D.C. after a keenly contested election.
This was just as the World Bank indicated interest to carry out a comprehensive audit of the power sector in the country with a view to finding lasting solution to the power crisis.
The move was a follow-up to the recent parley between Acting President Goodluck Jonathan and top management of the world financial body during his last visit to the United States, US.
Aganga told journalists at the meeting in Washington DC that the new appointment had further demonstrated the important role Nigeria plays in the global economic front.
He said “As you are aware, Nigeria was elected as the chairman, board of the BWIs for the 2010 during the 2009 annual meeting held in Istanbul, Turkey. I am delighted to inform you that I have since assumed the responsibility of that office”.
The minister said the appointment was “a unique opportunity to serve” noting that such opportunities come once in every 20 to 30 years.
Describing the new role as a huge challenge, Aganga said he will not disappoint Nigeria and the international community that offered him the role under the current global economic recovery stage.
Meantime, a team of World Bank experts would be visiting Nigeria on May 10, 2010 for the exercise that would proffer solution to the power crisis in the country.
Addressing journalists at the World Bank/International Monetary Fund, IMF, 2010 Spring Meeting, in Washington DC, Aganga, who was joined by the Governor of Central Bank of Nigeria, Lamido Sanusi, said because the issue of power had become central to the nation’s economy, the Federal Government was determined to engage power experts in all the fronts to tackle the problem.
Aganga noted: “The meeting was very fruitful, as the bank stands ready to assist the country. The meeting resolved to have a comprehensive audit of the power sector. A World Bank mission to this effect is envisaged for May 10, 2010.”
He said that the Federal Government power committee had done its audit of the power sector, noting that what the World Bank promised to do with Nigeria was to share their understanding of the power problem.
“They also have information to share with us and that is what the May 10, 2010 meeting is going to focus on,” the minister said.
Asked what the federal government intended to do to meet the power needs of the over 140 million Nigerians, Aganga said the acting president had assured investors and power experts of creating an enabling environment, that is giving the legal framework, in the sector as well as aligning and identifying investors that will key into the energy sector infrastructure development.
He noted that since financing was not the problem militating against the improvement of the power sector in the country, the government would, this time around concentrate on execution and having a plan that “we will adhere to” as well as ensuring that there was continuity in the entire power arrangement.
Other areas the minister said the World Bank had shown interests to assist the country include ensuring a systematic engagement and consultations on issues relating to agricultural sector.
He said the bank was also supporting ongoing reforms in the banking sector and the proposed Asset Management Company; strengthening the supervisory and regulatory framework for the financial sector and support for the Small and Medium Scale Enterprises, SMEs, in the country.
The minister said the meeting with Oby Ezekwesili, World Bank Vice President, Africa region also provided the opportunity to follow up on wide range of issues discussed with the World Bank Group during the visit of Jonathan mid April.
General News
Kuda Unlocks Instant Online Accounts for NGOs and Religious Bodies

Kuda has updated its business banking services to allow NGOs and incorporated trustees to open and manage business accounts entirely online. The move means religious organisations, charities, and other registered organisations no longer have to navigate the long wait and paperwork traditionally associated with setting up a business account.

Nosa Oyegun,
On the Kuda Business app, organisations registered with Nigeria’s Corporate Affairs Commission (CAC) can choose the NGO option during signup, submit their CAC documents, and provide trustee details. Once verified, accounts are activated within minutes, a significant reduction from the days or weeks it can take under traditional business banking processes.
For many NGOs and religious institutions, handling donations, grants, and operational expenses has long been slowed by manual systems and branch-based requirements.
The Kuda Business update is expected to make financial management faster and more transparent, allowing organisations to focus on their mission instead of battling administrative bottlenecks.
Nigeria is home to thousands of registered NGOs and religious organisations, with Lagos State alone accounting for over 10,000 churches and mosques as of the last count in 2021. Across the country, incorporated trustees play a critical role in education, healthcare, humanitarian response and community development. Despite their scale and economic relevance, access to modern digital banking tools has remained limited for many of these institutions.
Nosa Oyegun, SVP Business Banking at Kuda, said the update is proof of Kuda’s focus on removing structural barriers that slow Nigerian organisations down. “NGOs and religious organisations are responsible for managing funds that directly impact communities, yet they are often forced to operate with outdated banking processes,” he said.
“By enabling incorporated trustees to open Kuda Business accounts entirely online quickly, we’re giving these organisations access to the same modern financial tools built by Kuda that other businesses already use, so they spend less time doing admin work.”
With Kuda Business, NGOs and religious organisations can manage incoming donations and grants, make payments, track transactions in real time, generate professional account statements for audits and reporting, and grant controlled access to trustees, treasurers and administrators, all on a single app.
Kuda designed the account signup process to meet regulatory requirements while significantly reducing manual reviews and customer support workload. Automations shorten notoriously long business signup timelines while improving information accuracy and user experience.
As reforms promoting cashless payments and digital financial services take hold in Nigeria, NGOs and religious organisations are under increasing pressure from donors, partners and regulators to operate with greater financial transparency and efficiency.
The new Kuda Business update is therefore timely, offering a dedicated digital account specifically designed for this segment, unlike many traditional banks and fintech platforms that treat incorporated trustees as special cases requiring comparatively slower manual intervention.
General News
Catholic Bishops Urge FG to Give Tax Laws Human Face

Catholic Bishops of the Ibadan Ecclesiastical Province has called on the Federal Government to implement the ongoing tax reforms with equity, openness and empathy, cautioning that policies devoid of human consideration could further compound the suffering of millions of Nigerians.

The appeal was contained in a communiqué released after the bishops’ first provincial meeting for 2026, which took place at the Jubilee Conference Centre in Ibadan, Oyo State.
The document was jointly signed by Most Rev. Gabriel Abegunrin, chairman of the Ibadan Ecclesiastical Province, and Most Rev. John Oyejola, secretary.
Recall that the tax reforms were introduced by the administration of President Bola Tinubu and assented to on June 26, 2025.
They officially came into effect on January 1, 2026, and have continued to attract diverse reactions across the country.
In the communiqué, titled “Sustaining Hope and Strengthening Our Good Efforts,” the bishops acknowledged the government’s desire to overhaul Nigeria’s tax system but expressed concern that its implementation had sparked widespread unease and debate, especially among the poor and vulnerable.
“The reforms should be anchored on fairness, transparency and accountability, urging the government to apply them with compassion.
“The bishops also advised that vulnerable citizens should be given sufficient time to adapt to the new tax regime before strict enforcement measures are introduced.”
The clerics warned that economic policies pursued without sensitivity could widen inequality and heighten social unrest, noting that taxation should not become an added burden for Nigerians already grappling with inflation, unemployment, and rising costs of living.
The bishops encouraged Nigerians to remain hopeful while backing prayers with responsible citizenship, diligence and respect for justice and the rule of law.
“As shepherds of God’s people, we urge Nigerians to reject cynicism and despair. Prayer must be accompanied by good works. This is the only country we have,” the communiqué concluded.
General News
Taraba Adopts Electronic Case Management System
Taraba State in Nigeria has developed an electronic platform for filing criminal cases in the state’s High Courts, marking the implementation of the new National Case Management System.
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The launch, announced on Monday, marks a move from manual to electronic filing of criminal cases and is part of attempts to reform court processes and expand access to justice using technology.
Governor Agbu Kefas stated that the action underlines the government’s dedication to institutional strengthening, the rule of law, and effective governance.
Kefas pledged continued government support for the judiciary, noting that technology is essential for delivering swift, fair and transparent justice.
He also stated that the state would give the resources and infrastructure required to maintain the ongoing judicial reforms.
Justice Joel Agya, Chief Judge of Taraba State, stated that the e-filing facility will enable the electronic filing of originating processes and subsequent applications.
He explained that the system would enhance case tracking from filing to final determination while reducing delays caused by manual registry procedures.
Justice Agya went on to say that the platform would improve the security and accessibility of court records, as well as help judges manage dockets and time better.
He emphasised that the platform is intended to supplement rather than replace judicial decision-making, ensuring that administrative procedures do not impede the delivery of speedy justice.
The development is consistent with a broader national push to digitalise judicial processes across Nigerian courts, which has already been implemented in several regions.
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