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Finance Minister Edun Leads Nigeria’s Delegation To IMF Spring Meetings In Washington

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Wale Edun

Finance Minister Edun Leads Nigeria’s Delegation To IMF Spring Meetings In Washington

Finance minister Edun leads Nigeria’s delegation to IMF spring meetings in Washington. Finance minister Wale Edun has led Nigeria’s delegation to the 2025 International Monetary Fund Spring Meeting holding in Washington DC

Finance minister Wale Edun has led Nigeria’s delegation to the 2025 International Monetary Fund Spring Meeting holding in Washington DC.

The meeting holding from April 21 to April 26 in the U.S. capital is being attended by delegations from 190 countries.

The delegation comprises CEOs of financial institutions, private sector representatives, CSOs, NGOs and other stakeholders.

The meeting aimed at promoting global macroeconomics financial stability, along with IMF’s long-standing mission, would provide policy advice, surveillance of member countries’ economies, and financial assistance to countries facing balance-of-payments issues.

The meetings will focus on building a better, balanced, more resilient world economy to withstand economic shocks and promote sustainable development.

The specific activities of the meeting also include analysing the world economy, holding bilateral consultations with member countries, and providing support to countries navigating economic challenges.

It will also discuss the global economic outlook, financial stability, and poverty eradication.

The IMF is also expected to release its World Economic Outlook and Global Financial Stability Report at the meeting.

The World Economic Outlook will provide analysis and projections of the global economy, the global financial stability report, an assessment of the global financial system, and a highlight of systemic issues.

The meetings will also discuss the need for reforms to the global financial architecture to support developing countries, poverty eradication, and inclusive economic growth.

Another key area of discussion at the meeting is how to address the economic impacts of climate change on the nations.

The IMF and the World Bank are two intergovernmental organisations, often referred to as the Bretton Woods Institutions, that were established in 1944 to rebuild the global economy after World War II.

While the IMF focuses on maintaining the stability of the international monetary system, the World Bank aims to reduce poverty and promote development in developing countries.

The IMF also acts like a financial policeman, ensuring the global financial system functions smoothly, while the World Bank is like a development banker, helping countries invest in their future.

Finance Minister Edun

Finance Minister Edun

Specifically, the IMF conducts economic surveillance, both at the national and global levels, to monitor the health of its 190 member countries. The IMF provides loans to member countries struggling with a balance of payments crisis and offers advice on improving their financial regulations.

The World Bank, on its part, focuses on reducing poverty and promoting sustainable development in developing countries.

It lends money to developing countries for development projects, provides policy advice and technical assistance, and promotes knowledge sharing and innovation to help countries tackle development challenges.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

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

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.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

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 Probes Man

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

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

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.

National Bank Of Kenya

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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