General News
Stakeholders Proffer Ways to Strengthen PPP Structure in Lagos State

Buoyed by the impact of the Office of Public-Private Partnerships in closing the infrastructure gap in Lagos State across different sectors, stakeholders have suggested ways to further strengthen the PPP structure in the state with a view to delivering greater value, impact more people, and improving service delivery efficiency of the PPP Office.
The recommendations of the experts and speakers were contained in various presentations at an interactive session between the Office of PPP (OPPP) and members of the Lagos State House of Assembly House Committee on PPP, held over the weekend in Lagos.
It was suggested that ensuring value for money expended on PPP projects was the responsibility of the OPPP, House Committee, and the private equity investors while calling on all stakeholders in a PPP arrangement to understand the requirements of PPP including project financing from the beginning to the end.
‘‘The major role of the OPPP is to provide a global view of making decisions and quantifying guarantees; ensuring value for money expended on projects is the major responsibility of the OPPP, House Committee, and the private partner. The public sector should avoid over-influencing projects (subsidizing) and focus more on the value that the project will offer.
“Quantifying the cost of a PPP project cannot be easily estimated from inception; hence it is important for all stakeholders to be fully informed of the demands and dynamics of the project before delving into PPP,’’ they stated.
They also noted that dealing with macroeconomic issues will create a long-term effect on PPP projects, and recommended that risks registered on projects should be strictly considered including the advance determination of which party can best influence or take liability for the consequences of unforeseen risks.
‘‘Once the risks have been identified, there has to be risks mapping; hence risk identification, allocation, and mitigation become necessary,’’ they said.
The stakeholders advocated amendment of the Lagos State Public Private Partnerships Law, 2011, citing certain gaps in the legislation. ‘‘The PPP law should be amended to expand the circumstances where a project may be excluded from the OCB requirement and provide for the ability of private participants to submit unsolicited proposals.
The PPP law should clearly define what PPP is, clearly the scope of its law, and provide an exhaustive list of permitted and prohibited sectors where PPP is applicable to give clarity to investors.’’
‘‘It is recommended the law is amended to provide for the nature of support that may be provided by procuring entities and to remove the restriction on the ability to provide guarantees for PPP projects. It is recommended that the law be amended such that the PPP Office may have oversight functions in respect of the implementation of PPP projects within the state,’’ they restated.
The Special Adviser to the Governor on PPP, Mr. Ope George, while welcoming participants said the interactive session was organized to enable the PPP Office and the House Committee on PPP to discuss the mandate of the OPPP with a view to deepening synergy and promoting the cordial relationship.
He added that the session provided an avenue to solicit the continued support of the legislature in the fulfillment of the OPPP’s statutory responsibilities of improving infrastructural development in the state.
Three presentations were facilitated by experts who assessed relevant areas that affect the operation of the OPPP and proffered cutting-edge recommendations that could promote sustainable service delivery.
A Partner at Vista Advisory Services, Mr. Sunloye Adekanye, in his presentation on ‘Financing PPP projects and the role of the state’ said PPP projects were assets built for the government for the use of the citizenry, hence in financing PPP projects, understanding the role of quantifiable guarantees and inherent risk factors was imperative to the sustainability of PPPs.
He emphasized the need to consider important factors such as the value and affordability of projects to the users; how strategic the project is; whether can or should the project be delivered through PPP or traditional procurement; whether should the project be handed over to the government or managed by private operators if it will be cost-effective; as well as the guarantees tied to the risk.
‘‘Therefore, the government must make good decisions when choosing to stand as a guarantor for any PPP project,’’ Adekanye stated.
A Partner in the legal firm of Olaniwun Ayayi LLP, Mrs. Ibi Ogunbiyi, spoke on ‘Salient points in the PPP legal framework in comparison to global best practices, highlighting the differences in the current PPP frameworks in comparison with global best practices.
While acknowledging the efforts made by the Lagos State government to align with global standards, she suggested, however, amendments to the Lagos State PPP Law, 2011 to improve service delivery.
Mrs. Ogunbiyi noted that since the government’s role was both statutory and contractual, it should not be surprising that the state treasury cannot fund infrastructure effectively and efficiently without affecting its administrative functions, thus stating that there was a need to harness the PPP approach.
Another speaker and a Partner in the law firm of Olajide Oyewole LLP, Ms. Solape Peters, in her presentation, ‘A synopsis of the PPP law, the challenges, and recommendations for reform’, reiterated that financial guarantee has remained a problem over the years with PPP projects in Lagos State resulting in the death of many proposals.
She identified some challenges with the PPP law, stating that the existing law set a blanket on financial guarantees which many times limits the applicants while urging the state government to be fair in its dealings with private partners.
Ms. Peters added that the long waiting time to get the state House of Assembly’s ratification on the concessions agreement before implementation should be improved, even as she called for the review of the provision of the law that gave the power to vary or adjust service charges, user fees, and tolls among others.
General News
Wema Bank Workers, Others Arraigned over Alleged N8.9Bn Cybercrime

The trial of three employees of Wema Bank Plc and four others accused of orchestrating N8.9 billion cyber heist has been stalled due to the Eid-el-Kabir public holiday.
Economic and Financial Crimes Commission (EFCC) had arraigned the bank staff—Samuel Asiegbu, Fabian Onyeimachi, and Kingsley Kejim—alongside four alleged accomplices: Hannah Okunlola Adesokan, Hamza Zakariya, Achionu Ubaku, and Sunday Osademe, before Justice Chukwujekwu Aneke of the Federal High Court in Lagos on May 25, 2025.
The seven defendants face an eight-count charge bordering on conspiracy, cybercrime, and obtaining money under false pretences. They were accused of hacking into Wema Bank’s computer systems in January 2025 and unlawfully transferring N8,568,090,500 to various accounts.
According S.O. Larry Peters, counsel, EFCC, the defendants acted in concert with two other suspects—Nurudeen Ibrahim and Alhaji Sulaiman—who are currently at large. The syndicate allegedly manipulated the bank’s data using sophisticated digital tools to cause financial loss and confer illegal economic gains on themselves.
Peters further revealed that two of the defendants—Hannah Okunlola and Sunday Osademe—provided personal bank accounts for the illicit proceeds. Investigators traced N199 million to Okunlola’s UBA account registered under Search Light Media Concept, and N2.25 million to Osademe’s Union Bank account.
The offences, according to the charge sheet, violate Sections 6(2), 8, 14(1), 14(5), and 27(1)(a) of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015, as well as Sections 17(a)(b) of the EFCC Establishment Act, 2004.
All seven defendants pleaded not guilty. Following their plea, the court remanded five of the accused in the custody of the Nigerian Correctional Services, while Kingsley Kejim continued on existing bail terms.
The court granted a special request by defence counsel to remand Hannah Okunlola in EFCC custody due to medical concerns.
Justice Aneke had adjourned the matter to June 6, 2025, for commencement of trial. However, due to the nationwide Sallah holiday declared by the federal government, the proceedings could not go ahead as scheduled.
A charge reads: “That you, Samuel Ihechukwu Asiegbu, Ejim Kingsley Kelechi, and others now at large, in January 2025, conspired to alter Wema Bank data to cause the loss of N8.568 billion in order to benefit economically, thereby committing an offence under Section 27(1)(a) of the Cybercrimes Act, 2015.”
The case has drawn significant attention as one of the most audacious cybercrime cases involving bank insiders in Nigeria’s recent history.
General News
Music Stars, Comedians Light Up “Evening with Glo” in Ijebu Ode

The 2025 Ojude Oba celebrations kicked off on Friday evening with “Evening with Glo,” a special event organized by Globacom and headlined by Juju music legend Evangelist Ebenezer Obey Fabiyi and Fuji maestro Wasiu Ayinde Marshall (KWAM 1)
This year marks a significant milestone: Globacom’s 20th anniversary as sponsors of the Ojude Oba festival, an event it has helped transform into a globally recognized cultural spectacle.
The “Evening with Glo” was a vibrant mix of live music, delicious food, and captivating comedy from Gbenga Adeyinka, Bash, and Kiekie. The Conference Hall venue was packed as guests enjoyed more than two hours of Ebenezer Obey Fabiyi’s timeless hits, with the audience singing along and dancing.
Globacom organized the event as a gesture of appreciation to the Ijebu community for their unwavering support over the past two decades of the Ojude Oba festival. “We decided to bring together great sons and daughters of Ijebuland to celebrate our shared heritage, and indulge in the melodious rhythms that resonate deeply throughout Yorubaland,” the company stated.
The company explained their choice of musical icons, noting that the “ageless icon and Juju music maestro, Chief Commander Ebenezer Obey, has contributed decades of good, sonorous and philosophical songs to our society. His songs are still as fresh and full of inspirational messages as they were yesterday.”
Regarding KWAM 1, the company highlighted that “For decades, King of Fuji, K1 De Ultimate, the Fuji master, has been a great part of the music firmament in Nigeria, with his unique brand of Fuji that has elicited huge interest.”
The event saw a strong turnout of prominent Ijebu figures, including the Olori of Oba Awujale, Chief Mrs. Olukemi Adetona; the Coordinator of Ojude Oba Festival Planning Committee, Professor Fassy Yusuff; and a committee member and Iyalode of Ijebuland, Chief Mrs. Bisi Osibogun.
General News
NITDA Makes Case for Inclusive Tech for Special Needs

National Information Technology Development Agency (NITDA) has emphasized the importance of developing policies that intentionally include approximately 35 million persons with special needs in digital literacy and technology empowerment initiatives.

Ms. Grace Jerry, executive director, Inclusive Friends Association (IFA) and Malam Kashifu Inuwa, director-general, NITDA.
This was stated by Malam Kashifu Inuwa, director-general, NITDA, in Abuja during a meeting with a delegation from the Inclusive Friends Association (IFA), a disability advocacy organization led by Ms. Grace Jerry, its executive director.
Inuwa noted that integrating persons with special needs into these programmes supports President Bola Tinubu’s agenda of economic reform and inclusive growth.
“This has brought to my attention the need to be more intentional in the way we design our programmes because there is no way we can achieve 95 per cent digital inclusion if we exclude 35 million Nigerians.”
“The agency has always been conducting targeted training for people with special needs in various parts of the country in the past.
“We will ensure that we expand our initiatives to all parts of country and our office facility have that in consideration but our programmes going forward will reflect this inclusion,” he said.
The Director General recommended including representatives from the disability community in national ICT committees tasked with setting standards, designing training curricula, and shaping policy frameworks.
He emphasized that their participation would ensure adequate representation and facilitate implementation beyond bureaucratic constraints.
He further advocated for the integration of disability-focused initiatives into national programmes such as the National Youth Service Corps (NYSC) tech schemes, women’s training cohorts, and other major technology-driven activities. According to him, these platforms offer vital opportunities for networking, skills development, and enterprise support.
“For us, it’s beyond just training. The real goal is empowerment, how we can train people to use IT to expand their businesses and improve their lives,” Inuwa said.
He reaffirmed the agency’s commitment to strategic collaboration and invited disability-focused organisations to partner with NITDA in shaping an inclusive digital economy.
Earlier, Jerry expressed appreciation to the agency for the engagement and highlighted the digital gap within the disability community.
She said the government’s goal of achieving 95 per cent digital literacy by 2030 would only be realistic if it was truly inclusive.
“Digital literacy is fast becoming a foundational skill for employment, and without deliberate inclusion, millions will be left behind,” Jerry said.
The meeting highlighted NITDA’s growing commitment to inclusive policy development, aligned with the nation’s economic reform agenda.
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