Economy
Government Launches N400 Million Community Revolving Fund In Kano
Government Launches N400 Million Community Revolving Fund In Kano
Government launches N400 million community revolving fund in Kano. Mr Yusuf urged the beneficiaries to properly utilise the funds for the intended purpose.
Governor Abba Yusuf of Kano State has launched a N400 million community revolving fund aimed at boosting the production of assorted crops.
Mr Yusuf inaugurated the presentation of the cheques to the beneficiaries on Thursday in Kano.
He said that the initiative was also aimed at eradicating poverty and strengthening the communities to optimally develop.
The governor explained that the fund was part of a broader effort to promote economic growth and development in the state.
“By providing access to capital, the fund enables communities to invest in agricultural projects, improve food security, and increase economic opportunities,” he said.
In addition to tthe fund,the governor said that the state government had made significant efforts to combat desertification by recovering land and planting over three million trees across the state.
“This initiative demonstrates the government’s commitment to environmental sustainability and its recognition of the importance of preserving natural resources for future generations,” Mr Yusuf said.
The governor explained that the launch of the programme underscored the importance of community-led initiatives in driving economic growth and development in the state.
“By empowering local communities and providing them with the resources they need to succeed, the government can help create a more prosperous and sustainable future for all,” he said.
Mr Yusuf urged the beneficiaries to properly utilise the funds for the intended purpose.
Earlier, the Commissioner for Environment, Dahiru Mohammed, said the fund that was initiated under the ACReSAL project was more than just a financial intervention.
“It is a transformational resource designed to uplift our communities, enhance agricultural productivity, and strengthen our fight against climate change,” Mr Mohammed said.
He said that direct financial support was provided to 30 registered ‘Community Interest Groups (CIGs)’ and farmers’ cooperatives.
Mr Mohammed stated that the gesture was to enable them to invest in climate-smart agriculture.
According to the commissioner, the move is to bolster food security, improve livelihoods, and build resilience against environmental challenges.
Mr Mohammed said, “The CRF initiative is another pillar in ACReSAL’s broader strategy to ensure that our people, especially our farmers and agro-allied businesses, are equipped to thrive.
“We are confident that this CRF will be a model for success in community-driven development.

Kano
“Each of the 10 benefiting communities received a cheque of $25,000 from the governor at the occasion.”
He listed the 10 benefiting communities to include: Chiranchi, Diso, Kofar-Naisa, Galadanchi, Gwale, Kwankwaso, Garo, Sarigirin, Gobirawa, and Dala.
Mr Mohammed said their selection was guided by strict criteria, saying, ”This is to ensure that the funds go to those who are ready and willing to embrace sustainable agricultural practices.”
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.
The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.
Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.
He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.
“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly
“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”
Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.
Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.
He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.
Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.
Crime
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video
EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Tuesday, February 3, 2026 arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.
Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC
Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.
The suspect will be charged to court upon conclusion of investigations.
Dele Oyewale
Head, Media & Publicity
February 3, 2026
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank Gets New Board Chair Ifeyinwa Osime
Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.
Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.
Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.
Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.
She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

Access Bank Gets New Board Chair Ifeyinwa Osime
Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.
“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”
Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.
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