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News flash: Ecobank Opens Up Agric Financing Scheme; Sets To Host Nigeria’s Biggest Agric-Business And Food Summit
News flash
Ecobank Opens Up Agric Financing Scheme; Sets To Host Nigeria’s Biggest Agric-Business And Food Summit
Lagos, January 07, 2020 – Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 Billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s Biggest Agribusiness And Food Summit in February 2020. The Agribusiness summit is part of its determination to further showcase the potentials in the agricultural sector of the nation’s economy in partnership with Vanguard newspapers, The Economic Forum Series and Nigeria Agribusiness Group (NABG).
The summit with the theme: Unlocking productivity and investment opportunities across the Agribusiness value chain is scheduled for February 13, 2020 at the Grand Banquet Hall, Civic Centre, Ozumba Mbadiwe, Victoria Island, Lagos.
Head, Agribusiness, Ecobank Nigeria, Mojisola Oguntoyinbo, said the summit is part of the bank’s continuous contribution to the growth and development of the agriculture sector of the nation’s economy. According to her, a pool of notable thought leaders and industry experts have been assembled to address key and current issues in the agricultural space as it relates to current economic developments and participants will also be given the opportunity to exhibit their products and services within the agriculture value chain.
“This maiden edition of the Ecobank Agribusiness Summit is to stimulate discussions, examine critically the opportunities with the intent of unlocking the growth potentials in the entire value chain of the agric sector. The full day event will include keynote speakers, panel discussion sessions and exhibition of Agro and Agro-allied products where marketplace experience will be created for buyers and sellers to interact and make sales. Between 400 to 450 companies, regulators and other stake holders in Agric-business are expected to attend and participate at the event. This will create opportunity for networking among the industry players.” She noted.
Further, Mrs Oguntoyibo noted that the Summit would amongst other things examine the potential impact of agriculture technology investment in fixing low productivity in Nigeria’s food production; how government policy, laws and regulatory framework can drive effective public private partnership; evaluate existing traditional agriculture finance models in Nigeria and the role and impact of technology enabled commodity exchange trading across the agriculture value chain, and the role of developmental partners and international agencies in driving funding and investments across the agriculture value chain.
Jude Ndu Co-Founder, the Economic Forum Series and Director, Vanguard Conferences says ‘we are delighted to be partnering with Ecobank Nigeria on the conceptualisation, strategy and execution of this high profile event in line with the Central Bank of Nigeria (CBN) agriculture policy and the Economic Recovery and Growth Plan (ERGP) of the federal Government. As a media organisation, this is our own way of contributing to the growth prospect of the sector through audience engagement by bringing together critical stakeholders to discuss solutions to the issues of low productivity and investment opportunities across Nigeria’s agricultural value chain’.
Notable participants at the summit include the Honourable Minister of Agriculture & Rural Development, Federal Republic of Nigeria, Alhaji Sabo Nanono as Special Guest of Honour, Dr Andrew S Nevin, Chief Economist and Partner, Financial Services Sector, PwC as Keynote Speaker. Other speakers and Panelists are Patrick Akinwuntan MD/CEO Ecobank Nigeria, Abdulhameed Aliyu MD/CEO NIRSAL, Mr Emmanuel Ijewere Vice President Nigeria Agribusiness Group (NABG), Ayodeji Balogun, Country CEO AFEX Commodities Exchange amongst others.
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About Ecobank Nigeria
Ecobank Nigeria Limited is a subsidiary of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking licence in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan.
About The Economic Forum Series by Vanguard
A conceptual, thought leadership, strategic media and brand communications business platform of vanguard Media publishers of vanguard newspapers with the primary objective of broadening and deepening conversations, proffering and offering intelligent solutions through audience and stakeholder engagements of senior level decision makers around thematic areas, issues and trends affecting the growth, development and transformation across industry segments and different economic sectors.
For further information, please visit www.ecobank.com

News
Xenophobic Violence: 130 Nigerians Register For Immediate Repatriation
The Federal Government of Nigeria has officially commenced plans for the voluntary evacuation of its citizens from South Africa following renewed xenophobic tensions and anti-foreigner protests.
More than 130 Nigerians have registered to be evacuated back home following last week’s protest march in Johannesburg, according to the latest update by the Ministry of Foreign Affairs.
The figure may rise, The Nation learnt.
A statement by the ministry, which confirmed the presidential directive, reads: “Another Demonstration is planned for 4-8 May 2026.
“The President of the Federal Republic of Nigeria has expressed grave concern on this situation following a briefing, and has called for more effective control of the situation by relevant host security services.
“President Bola Tinubu has directed that the situation be monitored very closely. The Nigerian High Commission and the Consulate are in constant communication with relevant host authorities to ensure that the exposure of our nationals to the current tensions is minimized amidst ongoing Consultations with SA’s highest authorities.
“The president has reiterated that the priority at this time remains the safety of our citizens. Consequently, arrangements are currently underway to collate details of Nigerians in South Africa for voluntary repatriation flights for those seeking assistance to return home.
“So far, 130 applicants have duly registered for the exercise with our mission in S.A, but this figure is expected to rise. Nigerian associations in South Africa are also assisting our mission in this regard.”
“Nigeria is a frontline state which made great sacrifices towards the liberation struggles of South Africa, a fact which needs to be distilled down to the younger generation in South Africa.
“Nigerian lives and businesses in SA must not continue to be put at risk, and we remain committed to working with South Africa to explore ways to put an end to this xenophobic pattern. It has become a repetitive wave, most especially prior to elections in South Africa, and anti-foreigner opposition parties leverage this situation to garner votes. Nigeria recently signed a memorandum of understanding with South Africa on early warning to protect citizens of both countries, especially in times such as these.”
The April protests spearheaded by a local anti-migration movement, in Pretoria and Johannesburg between 27 to 29, witnessed a largely peaceful procession, under the presence of heavily armed police who occasionally sprayed teargas to deter the protesters from engaging in violent activity.
“There is no recorded killing of any Nigerian or destruction of Nigerian- owned properties during this particular protest.
“However, two Nigerian Nationals have been reported killed in separate incidents involving security personnel- Amamiro Chidiebere Emmanuel died on 25th of April 2026 as a result of injuries sustained from brutal beatings by military personnel of the South African National Defence Force on 20th April 2026 in Port Elizabeth.
“Nnaemeka Matthew Andrew also died following an alleged interaction with members of the Tshwane Metro Police, and his body discovered at the Pretoria Central mortuary on 20th April 2026.
“This is utterly condemnable and unacceptable. The Nigeria High Commission is closely following investigations into these unfortunate incidents and Nigeria demands justice be done in these cases.”
News
Desmond Elliot’s Seat At Risk As Surulere APC Stakeholders Endorse Odunuga-Bakare
Prominent leaders and stakeholders of the All Progressives Congress (APC) in Surulere Constituency I have endorsed Barakat Odunuga-Bakare for the Lagos State House of Assembly seat.
Odunuga-Bakare is a former Special Adviser on Housing to Governor Babajide Sanwo-Olu and previously served as the Leader of the Surulere Local Government Legislative Counci
The endorsement came during a week-long consultation tour by Odunuga-Bakare and her team across political wards in the constituency.
The tour covered Wards E, E1, F1, F2, F3, G, G1, G2 and G3, as well as meetings with other party stakeholders, ending on Saturday.
Odunuga-Bakare, who recently resigned as Special Adviser on Housing to Governor Babajide Sanwo-Olu, is seeking the All Progressives Congress (APC) ticket for the constituency.
She is expected to contest the party’s primary against Nollywood actor and incumbent lawmaker, Desmond Elliot, who is seeking a fourth term in office.
Speaking during the meetings on Saturday, Mrs Khadijat Kareem, the Personal Assistant to President Bola Tinubu on Constituency Affairs, described Odunuga-Bakare as competent and experienced, saying she has the capacity to deliver effective representation.
According to Kareem, the aspirant distinguished herself as Leader of the Surulere Local Government Legislative Council and later as Special Adviser to the governor.
She urged party leaders, members, women and youths in the constituency to support her aspiration, expressing confidence that the constituency would benefit from her emergence.
Kareem added that the impact of President Tinubu’s administration was visible across Surulere and stressed the need for a representative who would attract more development to the area.
She said, “When we talk about experience and competence, Barakat has got both. She served well as Leader of the Legislative Council and Special Adviser to Governor Sanwo-Olu, and she will deliver as our representative.
“She is a go-getter, a hard-working person. She is a youth who understands the demands of governance, and she will do well for us.”
Also speaking, Chairman of Surulere Local Government, Mr Sulaiman Yusuf, commended incumbent lawmaker Desmond Elliot for his service but said it was time for another candidate to emerge.
He noted that Odunuga-Bakare had twice stepped down from her ambition in the past following appeals by party leaders and deserved support this time.
Yusuf described her as loyal, capable and performance-driven, adding that she has the qualities needed to represent the constituency effectively.
“Let us be sincere with ourselves, this young woman deserves to be supported for the seat this time around. The other time, she stepped down, but this is her time.
“Mr Desmond Elliot has done his best for the constituency, but there is time for everything. He has served for three terms and it is time to give another person the opportunity.
“Honourable Barakat is young and competent and she is somebody we can rely on for performance. I declare my support for her and I want everyone else to support her,” he said.
He further stated that Chief of Staff to the President, Mr Femi Gbajabiamila, supported her aspiration and urged his supporters to align with the project.
Leader of the Surulere Local Government Legislative Council, Mr Abdul Hakeem Abdul Rahman, also praised Odunuga-Bakare’s contributions to the constituency and called for support for her candidacy.
Other speakers, including ward chairmen, similarly endorsed her bid, citing her role in the development of Surulere.
Responding, Odunuga-Bakare thanked party leaders and members for their confidence in her.
She said she remains committed to the growth and development of Surulere and promised quality representation if elected.
The aspirant urged party members to remain united ahead of the APC primaries scheduled for March 20, saying the focus should be on strengthening the party and advancing the interests of Surulere.
She also pledged not to disappoint supporters if given the mandate.
“I thank you all for this show of overwhelming love for me and support for my bid. God bless you all.
“As you all know, I am passionate about the development of Surulere. I want to represent you at the Assembly to further bring home dividends of democracy. I value your support and love and I urge you to keep supporting me.
“We are having the Assembly primaries on March 20. I am counting on your support to emerge as our party’s flag bearer.
“Please, support my aspiration and I promise you that I will raise the bar and deliver.
“This is not the time to fight; this is a time to unite for the good of APC and Surulere. I am for Surulere and will not disappoint,” she said.
Odunuga-Bakare donated N1 million to party members in each of the wards visited during the consultation tour.
News
PSC Dismisses ASP Nuhu Usman, 4 Others For Effurun Extrajudicial Killing
The Police Service Commission (PSC) has ratified the immediate dismissal of Assistant Superintendent of Police (ASP) Nuhu Usman and four other officers involved in the fatal shooting of 28-year-old Mene Ogidi in Effurun, Delta State, on April 26, 2026.
An internal investigation concluded that the officers violated regulations regarding the use of firearms.
Force Headquarters, in a statement yesterday by the Force Public Relations Officer, DCP Anthony Placid, said the decision followed the conclusion of internal disciplinary proceedings and takes immediate effect.
He noted that the case file has been forwarded to the Office of the Attorney General of the Federation, AGF, for vetting and prosecution, with the Police pledging full cooperation to ensure justice is served
“Following the incident, the Force ordered an immediate investigation by the Police Monitoring Unit,” he said.
“Findings established that ASP Nuhu Usman and members of his team engaged in professional misconduct, abuse of office, and conduct likely to cause a breach of public peace, culminating in the unlawful killing of Mr. Mene Ogidi.”
Placid stressed that no suspicion, however serious, justifies extra-judicial action, noting that every suspect is entitled to due process.
He also confirmed that the driver who delivered the parcel and two vigilante members linked to the incident remain at large, adding that tactical teams have been deployed to arrest them.
The Force PPRO assured the public that the Force “does not shield officers who violate the law” and that the matter is being handled transparently, in line with accountability and human rights standards.
The Police account of the incident stated that Ogidi had received a parcel from Yenagoa, Bayelsa State, which he later took to a motor park in Effurun for onward delivery to Sapele.
The parcel was reportedly searched and found to contain a fabricated Beretta pistol and four rounds of 9mm ammunition.
According to the Force, members of the public arrested him and alerted the police, after which ASP Nuhu Usman and his team arrived at the scene.
The Police alleged that instead of following due procedure, ASP Nuhu Usman shot and killed the already apprehended suspect.
The remains of the deceased have been deposited in the mortuary, while an autopsy is expected to form part of evidence for prosecution.
Witnesses account
However, authorities and witnesses at the Effurun motor park gave a different account of events, insisting that Ogidi brought the parcel himself for dispatch rather than to receive it.
Leaders of the park, who spoke off camera, said the deceased arrived alone at about 5 p.m. with a parcel he intended to send, initially claiming it contained baby clothes. According to them, he resisted pressure to open the parcel but was eventually compelled to do so, after which a pistol allegedly wrapped in clothing materials was discovered.
The discovery, they said, led to his apprehension by persons around, who later contacted the police.
“We insisted he should open it because that is our practice. He said he had instructions not to open it,” one of them said. “After it was opened and the gun discovered, he was tied and the police were called.”
They, however, questioned the decision of the police officer who arrived at the scene to open fire, saying the suspect was still alive when he was taken away in a patrol vehicle after being shot.
The park officials also said they did not observe any communication between the police team and any external contacts during the incident.
A driver at the park also shared a separate experience of suspected drug concealment in a waybill he once transported, alleging that criminals sometimes use commercial transporters as unsuspecting couriers for illicit items.
He, however, said he could not comment on the circumstances surrounding Ogidi’s case.Meanwhile, some residents expressed concern over inconsistencies in the narratives, questioning why the deceased allegedly failed to clearly disclose the source of the parcel.
At the Ekpan Police Station, where the Area Command is located, officers declined to speak on the matter, saying the Area Commander was in a meeting.
A security source also suggested that questions may arise over operational coordination in the deployment of officers to the scene, noting that such incidents typically involve divisional structures.
The Police have urged calm, assuring that all those found culpable will be brought to justice.
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