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The World Bank Urges Buhari to Probe NNPC, Others

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The World Bank has thrown its weight behind Muhammadu Buhari, president-elect, to probe the Nigerian National Petroleum Corporation (NNPC) over allegations of missing funds and insisted that such move would check impunity and build public institutions in the future.

The bank also commended President Goodluck Jonathan for exhibiting political maturity after the March 28 presidential election that would end the tenure of his administration on May 29.

Mr. Francisco Ferreira, chief economist for Africa, the World Bank stated this while speaking in a video conference from Washington to journalists from across Africa on the release of the bank’s analysis of issues shaping the continent entitled, ‘Africa’s Pulse’.

He said, “One norm that has to change is the norm of impunity. I am from Brazil myself. So I am also used to a country where people could be corrupt and escape justice. That keeps the people to keep doing it.

“So, the current stand of the government-elect to look into what happened in the past hopefully will have consequences for the future. And those consequences will be that institutions will be stronger; norms will be cleaner and people will not have to steal millions of dollars from the Nigerian National Petroleum Corporation.

“People have alleged in the past that there had been major corruption scandals there. If that stops, then that will have very high returns in terms of the money staying around to be spent on education, health, roads and power that the poor people across the country need.

“So, my sense is that it will be good to promote cleanliness in politics.”

Answering question on some other African countries that have elections between 2015 and 2017, Ferreira said there was no need to be afraid, adding that the fear of elections would drive away investments from the region.

He said the example that had been shown by Jonathan and Nigeria in the just-concluded general election showed that the continent could get it right in terms of transition to new governments.

Ferreira praised Jonathan for political maturity that he exhibited during the elections, adding that if Nigeria could get it right; other countries in the region should also be able to get it right.

Answering a question from a South African journalist on the possibility of the country overtaking Nigeria as the largest economy on the continent given the fall of Nigeria’s main export, crude oil, Ferreira said it did not look plausible.

Also answering a question from an Angolan journalist on who between Nigeria and his country was managing the fall in oil prices better, the World Bank expert said both countries were doing well in putting measures in place to check the decline.

He praised both countries for allowing their currencies to float according to market forces rather than living in denial of the crisis occasioned by the decline in crude oil exports.

Ferreira, however, added that Nigeria stood a better chance to recover faster from the decline because the structure of the country’s economy was more diversified than that of Angola.


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Glo Celebrates IDGC, Educates Girls on Menstrual, Mental Health

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This year’s observance of the International Day of the Girl Child began on Wednesday with Glo Foundation, the social responsibility arm of telecommunications company, Globacom, charging secondary school girls across the country to pay attention to their menstrual and mental health.

The Foundation reasoned that this has become imperative if the girls would grow into adulthood with confidence while embracing the future without inhibitions. It made this its focal point of engagement with girls in select schools. This year’s observance, with the theme: “The GIRL I am, the changes I lead: GIRLS on the frontline of crisis”, was an opportunity for the Foundation to reach out to students with information to promote the well-being of the girls.

The health awareness campaign in conjunction with the Health Aid for All Initiative (HAFAI), an NGO, sought to educate 100 girls from each of the selected schools in Lagos, Abuja, Port Harcourt, Benin, Owerri and Kaduna.

The schools included Community Secondary School, Port Harcourt; Methodist Government Junior High School, Agege, Lagos; LGEA Upper Basic School Kudansa, Maraban Rido, Kaduna; Oba Ewuare Grammar School, Oko Central, Benin City; Orogwe Secondary School, Owerri; and Junior Secondary School Dutse Sagwari, Abuja.

According to the Foundation, “Menstrual periods should never be a reason for a girl to lose confidence, miss school, or feel held back. That’s why we put this initiative together where we also provided menstrual care kits to the young girls in these selected states, to ensure that they have not just what they need, but also the reassurance that their growth and dignity matter”.

Dr Ugorchi Ohajuruka, a medical doctor and public health specialist and Mrs Lara Rowland took the students of Methodist Government Junior High School, Agege, Lagos through basic tips on menstrual health management and hygiene, gender based violence, mental health and allied issues of importance. They also encouraged the girls to ask pertinent questions relevant to the topic as well as their overall health and well-being.

The Principal of the school, Mr Olawale Adebakin, reiterated the importance of placing premium on the health and well-being of the girl child.  “There is a need to take care of the girl child. We need to protect them so they will be useful for the development of the country,” he added.

The sessions witnessed similar experiences in the other locations selected by Glo Foundation for the observance in Abuja, Kaduna, Benin, Owerri, and Port Harcourt.


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Union Bank Deepens Media Bonds at Exclusive Mixer

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Union Bank of Nigeria recently hosted an informal and engaging meet-and-greet session with leading media professionals at The Stallion Plaza, its headquarters in Marina, Lagos.

The event, held at SpaceNXT, the Bank’s purpose-designed co-creation hub for innovators and creators, was conceived as a relaxed platform to foster personal connections and deepen mutual understanding between the Bank and media partners.

Rather than a formal media briefing, the gathering offered a convivial atmosphere for open conversation, reinforcing Union Bank’s recognition of the media’s essential role in shaping public discourse and amplifying the Bank’s mission.

In attendance were senior members of Union Bank’s leadership team, including Taiwo Shote, Executive Director, Corporate Banking, Lagos and West, Olufunmilola Aluko, Chief Brand and Marketing Officer, and Tosin Ibikunle, Head of Strategy and Planning. Olufunmilola and Tosin reaffirmed the Bank’s commitment to transparent and collaborative engagement with the press, while underscoring Union Bank’s strong operational footing and readiness to meet all regulatory obligations.

Speaking at the event, Mrs Olufunmilola Aluko, Chief Brand and Marketing Officer, said: “This event is simply about people. Union Bank has been around for 108 years, and we’ve seen it all – from telegram banking to digital wallets; from handwritten ledgers to AI-driven analytics. But through all that change, one constant has remained: the media.

We wanted to create a space that is unhurried and human, where we can meet without the weight of deadlines or the formality of press statements, because behind those exchanges are real people who share a deep commitment to storytelling, to truth, and to impact. So today, we wanted this session to simply be about reconnecting; banker to journalist, human to human.”

Echoing this spirit of partnership as the Bank looks ahead, Mr Tosin Ibikunle, Head of Strategy and Planning, added: “Union Bank has diligently enhanced its systems and service experience in preparation for the next phase of growth. As we roll out new initiatives, we look forward to partnering with the media to tell our story with clarity, accuracy, and impact.”

The event also featured a tour of Stallion Plaza and a networking session, reflecting the Bank’s intention to create a warm, human connection beyond the usual formalities of corporate communication.

Union Bank remains steadfast in its commitment to building trust through open dialogue and meaningful partnerships with the media and all stakeholders, as it continues to serve customers and contribute positively to Nigeria’s economic landscape.


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NITDA DG Calls for Collaboration, Innovation to Build AI-Ready Africa

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Mr. Kashifu Inuwa Abdullahi, director general of the National Information Technology Development Agency (NITDA), has called for stronger collaboration, practical innovation, and inclusive policymaking to position Africa as a globally competitive, AI-ready continent.

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He made the call while speaking at the Hyperscalers Convergence Africa 2025 in Lagos, themed “Fostering a Digital Africa: Connectivities, Convergence and Innovation.”

During a panel session titled “From Mobile First to AI-Ready: Will Africa Deliver on Innovation?” Inuwa emphasized that Africa’s youthful population is its greatest asset, but must be equipped with the right digital skills to avoid becoming a demographic burden.

“We have a generation that is energetic, curious, and ready to embrace any digital technology available to them. This is a major asset — but only if we equip them with the right skills,” he said.

He highlighted the Federal Government’s 3 Million Technical Talent (3MTT) programme as a key initiative to build digital capacity and transform Africa’s human capital into a digital dividend.

On infrastructure, Inuwa cited the newly approved PPP Policy on Mediation and the Project Bridge initiative as mechanisms to mobilize public and private resources for digital infrastructure development.

He also disclosed that the government is building a robust Digital Public Infrastructure (DPI) framework to integrate identity, payments, and data systems—critical foundations for AI-powered services.

Inuwa stressed the importance of leveraging local data and nurturing domestic talent to build AI systems that reflect African realities, warning against overreliance on foreign models that may not align with the continent’s context.

“During the industrial revolutions, Africa supplied raw materials but gained little technological benefit. As we enter this new era, we must ensure unity, build capacity, and collaborate to lead, not follow,” he said.

In another session titled “Shaping Africa’s Digital Future: Policy and Regulatory Frameworks for Accelerated Growth,” Inuwa advocated for a “dream big, but build small” approach, urging scalable innovations that address local needs while aligning with continental and global visions.

He called for a reinvention of Africa’s social contract through inclusive, data-driven policymaking, emphasizing that effective policies must be co-created with industry stakeholders and grounded in real-world insights.

“At NITDA, we are working to change the narrative through our Intelligent Regulatory Framework. It ensures policymaking is inclusive, evidence-based, and adaptable,” he said.

He cited the development of Nigeria’s National Artificial Intelligence Strategy as a model for collaborative policy design, involving experts from civil society, academia, and the private sector.

 


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