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CBN reportedly sacks NIRSAL MD, directors
CBN reportedly sacks NIRSAL MD, directors
In a significant leadership shake-up at the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reportedly ordered the removal of key members of the executive management team.
According to information obtained by Saturday Telegraph from an insider who wished to remain anonymous, three top executives have been relieved of their duties.
Those reportedly affected include Abbas Masanawa, the Managing Director and Chief Executive Officer; Kennedy Nwaruh, Executive Director of Operations; and Olatunde Akande, Executive Director of Technical.
The sudden change in leadership has created a wave of anxiety among NIRSAL employees, as many fear this could be the start of a broader round of layoffs within the organization.
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“We were informed of the changes on Friday evening through email. A board meeting was scheduled for that morning but was canceled, leaving us uncertain about what will come next. More details should emerge by Monday,” the source shared.
NIRSAL Plc, a non-bank financial institution owned by the CBN, was established to redefine, assess, and manage credit risks associated with agribusiness in Nigeria. The agency has been embroiled in corruption allegations, with its former Managing Director, Mr. Aliyu Abdulhameed, currently facing charges from the Economic and Financial Crimes Commission (EFCC).
Recently, a private consultant returned ₦1.5 billion to the EFCC to avoid conviction in a case involving Abdulhameed.
The EFCC had sought the interim forfeiture of the funds, claiming they were proceeds of unlawful activities. However, both the consultant and Abdulhameed maintained that the money was legitimately earned under a contract approved by NIRSAL’s board.
CBN reportedly sacks NIRSAL MD, directors
(NEW TELEGRAPH)
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South Africa Rejects Nigeria’s Compensation Request Over Xenophobic Attacks
South Africa Rejects Nigeria’s Compensation Request Over Xenophobic Attacks
The South African government has turned down Nigeria’s request for compensation for citizens who fled the country during the recent wave of xenophobic attacks, insisting that it will not pay for businesses, homes or other properties abandoned by affected migrants.
The decision follows an announcement by the Nigerian government that it had begun documenting losses suffered by Nigerians who returned home after renewed anti-immigrant violence forced many to abandon their investments and seek safety.
Earlier in the week, Nigeria’s Acting High Commissioner to South Africa, Temitope Ajayi, disclosed that the Federal Government was compiling records of businesses, houses and other valuable assets left behind by returnees. He said the documentation would form the basis of diplomatic engagements with South African authorities on possible compensation for victims.
According to Ajayi, the exercise is intended to ensure that Nigerians who suffered financial losses as a result of the violence receive appropriate consideration through bilateral discussions rather than through litigation.
However, South Africa’s Minister in the Presidency, Khumbudzo Ntshavheni, dismissed the proposal during a press briefing on Friday, maintaining that the South African government has no obligation to compensate anyone for properties abandoned during the unrest.
She explained that legally acquired properties remain protected under South African law and can be sold through the country’s property market, while structures erected in informal settlements are regarded as illegal and therefore cannot qualify for compensation.
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“There is no compensation that will come from government,” Ntshavheni said.
She added that owners of legally registered movable and immovable assets remain free to dispose of them through the appropriate legal channels if they choose to do so.
Ntshavheni also made controversial remarks linking some Nigerians to alleged drug-related activities, saying authorities would welcome information on locations allegedly used for criminal operations so they could be shut down.
“We’ll be interested to know where the drug dens of Nigerians are, so they can show us where they have been holding the drugs so that we can clean the drugs in South Africa quite urgently,” she said.
The minister further stated that structures in informal settlements do not constitute legally recognised properties because such settlements violate South African planning and land-use regulations.
In addition, she announced that the South African Cabinet had approved fresh measures aimed at preventing demolished informal settlements from being re-established, describing the policy as part of broader efforts to strengthen urban management and law enforcement.
Nigeria’s compensation request comes amid renewed xenophobic violence targeting foreign nationals, particularly African migrants living and working in South Africa.
The latest attacks prompted hundreds of Nigerians to return home under government-assisted evacuation efforts, while many others reportedly abandoned businesses, homes and personal belongings over fears for their safety.
The Federal Government has maintained that law-abiding Nigerians who lost their investments because of the violence deserve protection and support. Officials say the documentation exercise is part of wider diplomatic efforts to address the humanitarian and economic consequences of the attacks.
South African President Cyril Ramaphosa has previously condemned xenophobic violence, stressing that no individual or group has the authority to take immigration enforcement into their own hands. He has pledged action against those responsible for inciting violence while urging communities to respect the rule of law.
The issue is expected to remain on the diplomatic agenda between Abuja and Pretoria, with both countries facing renewed pressure to strengthen cooperation on migrant protection, security and efforts to prevent recurring xenophobic attacks that have strained bilateral relations for years.
South Africa Rejects Nigeria’s Compensation Request Over Xenophobic Attacks
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FG Explains Why NYSC Khaki Will Be Replaced With Adire Fabric
FG Explains Why NYSC Khaki Will Be Replaced With Adire Fabric
The Federal Government has said its decision to replace the iconic National Youth Service Corps (NYSC) khaki uniform with locally produced Adire fabric is part of a broader strategy to boost Nigeria’s textile industry, create jobs, promote indigenous products and ensure government spending benefits the domestic economy.
Minister of Youth Development, Ayodele Olawande, disclosed this on Thursday during an appearance on Channels Television’s The Morning Brief, where he provided further details on the sweeping reforms recently approved for the NYSC by the Federal Executive Council (FEC).
According to the minister, the planned introduction of Adire as the new NYSC uniform is more than a change in appearance. He said it reflects the government’s commitment to supporting local manufacturers and strengthening Nigeria’s textile value chain.
“It is Adire. Adire is being produced in Nigeria. We have it in Ogun, we have it in Kwara, we have textile industries. Let us put our money back into the country,” Olawande said.
He explained that by sourcing uniforms from local producers, the government hopes to stimulate economic growth, encourage investment in the textile sector and create employment opportunities for Nigerians.
Beyond the proposed uniform change, Olawande said the Federal Government is overhauling the NYSC deployment system to ensure corps members are posted based on their academic qualifications, professional skills and career pathways.
Under the proposed framework, graduates with education-related degrees, for example, will be deployed to schools after undergoing relevant orientation and skills assessment in camp, rather than being posted arbitrarily.
“After leaving camp, you are not just posted to a school because NYSC wants you to be in a school. The process you follow during orientation camp will provide a framework for where you will eventually be posted,” he explained.
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The minister also addressed concerns over insecurity in some parts of the country, saying the government is developing a more strategic deployment model that takes security realities into account.
He explained that prospective corps members may increasingly be deployed to states or regions where they studied or are already familiar with the environment, particularly in areas facing security challenges. According to him, the approach is intended to reduce anxiety among parents and corps members while minimising the need for redeployment after mobilisation.
“If you have interest in serving in another region, you can still indicate that. But where security concerns exist, we want to look at those who are already familiar with the environment instead of forcing people to relocate unnecessarily,” he said.
Olawande also dismissed reports suggesting the military would be removed entirely from the NYSC, describing such claims as a misunderstanding of the approved reforms.
He clarified that while the scheme’s operational leadership will transition to a civilian-led structure, the military will continue to play a critical role in orientation activities, drills and the security of corps members nationwide.
“We are not taking the military out of NYSC. That is a misconception. There is no way the military can be removed completely. What we are moving away from is military mobilisation to civilian mobilisation,” the minister said.
The proposed changes form part of the most comprehensive reform of the NYSC since its establishment in 1973. Earlier this week, the Federal Executive Council approved a wide-ranging overhaul of the scheme, including extending the orientation programme from three weeks to six weeks, introducing structured career pathways, expanding entrepreneurship and digital skills training, and placing greater emphasis on employability and national development.
The reforms also provide for risk-based deployment of corps members to states facing security challenges, improved skills acquisition programmes, technology-driven mobilisation processes and a civilian Director-General to oversee the scheme’s administration while retaining military support for security and orientation activities.
The Federal Government has directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to begin amending the NYSC Act and other relevant regulations to enable the implementation of the approved reforms.
The announcement has generated widespread reactions, with many Nigerians welcoming the plan to support local industries, while others argue that the traditional khaki uniform has become a cherished symbol of national unity and should be preserved. The government, however, insists the reforms are designed to reposition the NYSC as a modern, skills-driven institution capable of preparing young Nigerians for employment, entrepreneurship and national service.
FG Explains Why NYSC Khaki Will Be Replaced With Adire Fabric
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2027: INEC Unveils Downloadable PVCs, Online Voter Registration
2027: INEC Unveils Downloadable PVCs, Online Voter Registration
The Independent National Electoral Commission (INEC) has announced plans to introduce downloadable Permanent Voter Cards (PVCs) for eligible voters who lose or damage their original cards, alongside a fully online voter registration system, as part of major electoral reforms ahead of the 2027 general elections.
INEC Chairman, Prof. Joash Amupitan, disclosed the initiatives on Wednesday while receiving the Director-General of the National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, during a courtesy visit to the commission’s headquarters in Abuja.
According to Amupitan, the reforms are aimed at leveraging technology to make voter registration and participation easier while reducing the risk of eligible Nigerians being disenfranchised.
He explained that the downloadable PVC option will only apply to voters who have previously collected their physical Permanent Voter Cards but later misplaced them, had them defaced, or could no longer read the information on the cards.
“It is not every PVC that is downloadable. You must have gotten your PVC before, and it must be that the PVC is lost or defaced, or if you cannot read your numbers there,” the INEC chairman said.
He clarified that first-time registrants would not be eligible for downloadable PVCs, as they must first complete the standard voter registration process and obtain their original physical cards.
To prevent abuse of the system, Amupitan said affected voters would be required to notify the commission at least 90 days before an election to allow sufficient time for verification and processing.
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He disclosed that INEC plans to pilot the downloadable PVC initiative during the Osun State governorship election scheduled for August before expanding it nationwide for the 2027 general elections.
Beyond the digital voter card initiative, the commission is also finalising a fully online voter registration platform that will allow eligible Nigerians to complete the registration process remotely without visiting INEC offices or registration centres.
“We have also been working on the technology that is going to make it possible for the registration of voters online without even having to visit INEC local government or registration areas. Hopefully, in the next few days, we will begin testing it once the commission approves it,” Amupitan said.
He noted that the innovations are intended to remove barriers to voter registration, improve convenience and encourage greater participation in Nigeria’s democratic process.
The INEC chairman also announced a strategic partnership between the commission and the National Orientation Agency (NOA) to intensify voter education and tackle voter apathy, vote-buying, electoral violence and misinformation ahead of the 2027 elections.
According to him, technological innovations alone cannot guarantee credible elections if citizens remain disengaged or lack confidence in the electoral process.
“We can purchase the finest BVAS machines, optimise IReV to international standards and map out logistics. But all of these mean nothing if citizens remain detached, cynical or uneducated about the power of their votes,” he said.
Amupitan described voter apathy as one of the biggest threats to Nigeria’s democracy and called for sustained grassroots voter education to help citizens understand the importance of participating in elections and the role of technology in safeguarding their votes.
He noted that while recent elections, including the FCT Area Council elections and the Ekiti State governorship election, recorded significant improvements in logistics, biometric accreditation and electronic transmission of results, low voter turnout and confusion over polling unit transfers showed that more public enlightenment was needed.
The INEC chairman proposed closer collaboration with the NOA to educate voters in local communities about electoral processes and reassure them that innovations such as the Bimodal Voter Accreditation System (BVAS) and the INEC Result Viewing Portal (IReV) have significantly reduced ballot box snatching and manual manipulation of election results.
Responding, NOA Director-General Lanre Issa-Onilu commended INEC for improving the credibility of elections and reducing public complaints about election outcomes.
He pledged that the agency would launch aggressive nationwide campaigns against vote-buying, electoral violence, misinformation and voter apathy while strengthening civic education to boost voter participation.
Issa-Onilu added that closer cooperation between the NOA and INEC would help bridge the knowledge gap among voters, promote confidence in Nigeria’s electoral system and encourage more citizens to participate in future elections.
The planned introduction of downloadable PVCs, online voter registration, and enhanced voter education campaigns underscores INEC’s commitment to using technology and civic engagement to improve electoral participation and strengthen public trust ahead of the 2027 general elections.
2027: INEC Unveils Downloadable PVCs, Online Voter Registration
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