Economy
BPP Sign MoU With CIPS To Strengthen Partnership On Procurement Practice
BPP Sign MoU With CIPS To Strengthen Partnership On Procurement Practice
BPP sign MoU with CIPS to strengthen partnership on procurement practice. The DG stated that BPP was promoting a career in procurement in Nigeria, with no fewer than 8,000 officers set to benefit from the partnership with CIPS.
The Bureau of Public Procurement (BPP) and the Chartered Institute of Procurement and Supply (CIPS) have signed a memorandum of understanding (MoU) to strengthen their partnership in procurement practices.
Adebowale Adedokun, director-general of BPP, disclosed this in a statement by Zira Nagga, the bureau’s spokesperson, in Abuja on Friday.
Mr Adedokun, who received a delegation from the CIPS UK, African Region, and Asia Pacific, said the MoU aimed to deepen the existing partnership with CIPS, a leading global procurement practice and a catalyst to support national procurement practices in Nigeria.
Mr Adedokun emphasised his vision and agenda to aid Nigeria’s development through proper training, knowledge, and best procurement practices.
“ This will transform Nigeria into the ‘Dubai of Africa,’ whereby all countries will be represented in Nigeria, thereby growing our industries and local content.
“All these could be achieved by collaborating with different professional bodies, of which Nigeria needs support from CIPS for the rightful procurement practice,” he said.
The DG highlighted several bureau projects, including the Sustainable Procurement Environmental and Social Standards Enhancement (SPESSE) Project, which had positioned Nigeria in the global arena and created a significant impact worldwide.
Mr Adedokun reiterated the importance of technology. However, he said, without adequate human development, it would become useless.
The DG stated that BPP was promoting a career in procurement in Nigeria, with no fewer than 8,000 officers set to benefit from the partnership with CIPS.
“BPP as a regulatory body will institute a proper regulatory framework to regulate procurement ethics, good governance and procurement practice in Nigeria, and I urge everyone to comply,” he said.
Mr Adedokun said the price intelligence unit (PIU) and external cooperation unit (ECU) of the bureau would drive the MoU.
“The units would tap from the resources of CIPS on how prices are done in terms of consultancy, goods, works and services to eliminate variations in prices.
“The MoU brings both entities together to uphold the principles of good procurement practices and reaffirms the shared commitment to building a stronger and prosperous Nigeria,” he added.
In response, Ben Farrell, CEO of CIPS, UK, commended the Nigerian government for the recent impact Nigeria made on the world.

BPP Sign MoU With CIPS
Mr Farrel said he believed that the procurement and supply chain profession must take centre stage and lead from the frontline.
He highlighted CIPS’s commitment to establishing a stronger presence in Nigeria to achieve its capacity-building goals and align with the national strategic vision for procurement.
“We are determined to move the procurement and supply chain profession and CIPS forward into a future where they are global leaders, shaping the future of the planet,” he said.
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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