Former Nigeria’s President Goodluck Jonathan says electoral manipulation remains one of the biggest threats in Africa.

Following his reinstatement as governor of Rivers State on September 18, 2025, Sim Fubara took action regarding unpaid August salaries for local government workers.

The interim administration conducted a verification exercise for local government workers and pensioners in August 2025.

During this process, many civil servants and pensioners reported not receiving their August pay, which the Administrator attributed to a discovery of an inflated wage bill.

In response to the issue, Governor Fubara ordered the payment of the outstanding August salaries to all verified local government staff and pensioners.

He instructed heads of personnel across the 23 local government areas to submit comprehensive lists of verifiable workers.

The World Bank Group on Friday confirmed the completion of its inaugural securitization transaction as part of a policy to attract institutional private capital into emerging markets.

The institution, through its affiliate, the International Finance Corporation, sold a $510 million collateralized loan obligation backed by loans it gave companies across the developing world.

The transaction includes a $320 million senior tranche sold to private investors, a $130 million mezzanine tranche insured by a consortium of credit insurers, and a $60 million equity tranche.

The shift from an “originate-to-hold” model to an “originate-and-distribute” model allows the World Bank to recycle its capital, expand its lending capacity, and support more countries and projects.

The CLO sale comes two years after an advisory group was commissioned in June 2023 to identify barriers to private sector investment in emerging markets and provide solutions.

The World Bank noted that repackaging of IFC loans into rated securities creates a new asset class for developing nations that meet institutional investment standards.

The securities can be sold to investors like asset managers, pension funds, and insurance companies that are willing to substantially raise their stakes in emerging markets.

“This is step one in an originate-to-distribute strategy that holds significant potential to attract private capital at scale,” said World Bank Group President Ajay Banga.

Banga conveyed his optimism that private investment mobilization would create jobs, help people climb out of poverty, and change families’ trajectory for generations.