Politics
FG UNVEILS GOVERNANCE SCORECARD TO ACCELERATE $1 TRILLION ECONOMY VISION
The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has spotlighted corporate governance as a key lever in President Bola Ahmed Tinubu’s push to build a $1 trillion economy, urging state-owned enterprises (SOEs) to meet global standards of transparency, ethics, and performance.
Speaking at the MOFI Corporate Governance Forum in Abuja on Monday, the Honourable Minister described the newly introduced MOFI Scorecard as a vital benchmark for institutional health—designed to position SOEs for investment, growth, and long-term value creation.
This scorecard is not just a document—it’s a test, Edun said. He added that Strong governance attracts capital, builds trust, and delivers real economic returns.
The two-day forum, themed Ensuring Value Creation in State-Owned Enterprises Through Better Corporate Governance, brought together CEOs, regulators, and development partners to examine how better oversight can unlock Nigeria’s public asset potential.
Referencing entities like NNPC Ltd, Edun noted that SOEs must be investor-ready as the government shifts from debt-heavy budgets to equity-based growth. He also pointed to positive macro signals and falling food and fuel prices—as early signs of a stabilising economy.
MOFI Chairman Dr. Shamsudeen Usman confirmed that the scorecard will be enforced through independent assessments, including MOFI itself. We are not asking others to do what we haven’t already done, he said.
MOFI CEO Dr. Armstrong Takang outlined a rollout that includes third-party evaluations, remediation plans, and public recognition through the annual MOFI Excellence Awards.
Backed by the World Bank, the initiative marks a shift in how Nigeria manages public wealth—with governance now central to growth, resilience, and investor confidence.
The introduction of the governance scorecard is a testament to the Federal Government’s commitment to transforming Nigeria’s economy. As the country moves forward, one thing is clear: transparency, accountability, and growth will be the guiding principles for the SOEs.
Politics
President Tinubu Commends Nigeria’s Armed Forces for Protecting Democracy in Benin Republic
President Bola Ahmed Tinubu has commended the gallantry of Nigeria’s military on Sunday for responding swiftly to the request by the Government of Benin Republic to save its 35-year-old democracy from coup plotters who struck at dawn today.
Acting on two separate requests from the Government of Benin, President Tinubu first ordered Nigerian Air Force fighter jets to enter the country and take over the airspace to help dislodge the coup plotters from the National TV and a military camp where they had regrouped.
The Republic of Benin, through its Ministry of Foreign Affairs, in a Note Verbal, requested immediate Nigerian air support “in view of the urgency and seriousness of the situation and to safeguard the constitutional order, protect national institutions and ensure the security of the population.”
In the second request, the authorities in Benin requested the deployment of Nigerian Air Force assets within Beninoise airspace for surveillance and rapid intervention operations under Benin-led coordination.
The Benin government also requested Nigerian ground forces, “strictly for missions approved by the Beninese Command authority in support of the protection of constitutional institutions and the containment of armed Groups.”
Nigeria’s Chief of Defence Staff, General Olufemi Oluyede, said all the requests have been fulfilled, with Nigerian ground forces now in Benin.
“Ours is to comply with the order of the Commander-in-Chief of our armed forces, President Tinubu,” he said.
Constitutional order was upended in the Republic of Benin, Nigeria’s neighbour, when some soldiers led by Colonel Pascal Tigri announced a coup on Sunday morning. The putschists seized the National TV and claimed they had toppled President Patrice Talon and suspended all democratic institutions.
It took some hours before the government’s loyal forces, assisted by Nigeria, took control and flushed out the coup plotters from the National TV.
In his remarks after the restoration of the democratic and constitutional order, President Tinubu saluted the Nigerian armed forces for standing firm as a protector and defender of democracy.
“Today, the Nigerian armed forces stood gallantly as a defender and protector of constitutional order in the Republic of Benin on the invitation of the government. Our armed forces acted within the ambit of the ECOWAS Protocol on Democracy and Good Governance. They have helped stabilise a neighbouring country and have made us proud of their commitment to sustaining our democratic values and ideals since 1999. Nigeria stands firmly with the government and people of the Republic of Benin.”
Politics
PDP Holds BoT Meeting, Vows To Restore Confidence, Hold Congress In States
The Peoples Democratic Party (PDP) Board of Trustees (BoT) is presently meeting in Abuja.
In his opening address, the BoT Chairman, Senator Mao Ohuabunwa, reaffirmed the commitment of the body to restoring confidence within the party and organizing congresses in states where they have not yet been held.
Senator Ohuabunwa told members that the national leadership is ready to work collaboratively with all state chapters to bring fresh leadership and stability across the country.
He outlined the PDP’s roadmap: conduct overdue state congresses, consolidate ongoing achievements, and support the national leadership to steer the party back on course.
According to him, these steps are critical to ensuring unity, transparency, and strengthening grassroots engagement.
By holding timely congresses and reinforcing organizational discipline, PDP hopes to rebuild trust among members and present a more organized, credible front ahead of future elections.
Politics
BREAKING: Talon safe as loyalist forces regain control after brief coup scare
Benin’s President Patrice Talon is safe, and security forces are restoring order after a faction of soldiers claimed to have removed him from power, the presidency announced on Sunday.
In a brief statement, the presidency dismissed the soldiers’ declaration as the actions of a fringe group with limited influence.
“This is a small group of individuals who only managed to seize the television station. The regular army is steadily regaining control. Both the city and the entire country remain completely secure,” the statement said.
The clarification follows an earlier broadcast by soldiers identifying themselves as the “Military Committee for Refoundation,” who declared that Talon had been removed from office.
The government has since described the broadcast as an isolated disruption, assuring citizens that the situation is under control.
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GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
