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Afreximbank Commits $250m to OML17 Acquisition

From Joy Ekeke, Lagos
The African Export-Import Bank (Afreximbank) has disbursed $250 million of the $1.1 billion in support of the acquisition of 45 percent stake in Oil Mining Licence (OML 17) onshore oilfield by Trans Niger Oil and Gas Limited (TNOG).
A statement by the bank made the disclosure, and added that the $250-million Reserve Based Lending facility, puts Afreximbank as the largest lender, underwriting about a quarter of the financing that enabled TNOG to buy stakes in OML 17 from Shell Petroleum Development Company, Total Exploration and Production Nigeria Limited and ENI.
Other participating lenders who are expected to redeem their financial commitment are: Africa Finance Corporation (AFC), Union Bank, Shell, Hybrid Capital and Schlumberger, with TNOG advised by United Capital Plc.
The five-year $1.1 billion facility, which was signed in December 2020, despite the economic headwinds caused by the COVID-19 pandemic, was led, as Mandated Lead Arrangers, by Afreximbank, Standard Chartered Bank and ABSA.
Following the acquisition, TNOG will now operate the OML 17 onshore oilfield on behalf of the Nigerian National Petroleum Corporation (NNPC), which owns the remaining 55 per cent working interest.
The statement quoted the President of Afreximbank, Professor Benedict Oramah, as saying that “This transaction further underscores Afreximbank’s commitment to ensuring that indigenous African companies are able to play a more dominant role in the operations of specialized oil and gas assets in an industry hitherto dominated by the International Oil Companies”.
Oramah added that “TNOG as the Operator of OML 17 will invest in an accelerated production ramp up, thereby boosting foreign exchange earnings and employing more Africans.
“This resonates with our mandate. We congratulate Heirs Holdings for keeping the Africa flag flying.”
Also, the Chairman of Heirs Holdings, the parent company of TNOG, Mr. Tony Elumelu, said in the statement that the transaction was a testament of the opportunity in Nigeria.
“The transaction is a testament to the opportunity in Nigeria. Our acquisition of OML 17 and important related assets, significantly advances Heirs Holdings’ strategic vision of creating Africa’s leading integrated energy company.
“We are building a business that will ensure that African natural resources drive African power networks and ensure value creation occurs in Africa,” Elumelu said.
He thanked Oramah and Afreximbank for their strong support and the shared vision of the transaction.
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Criminal Herders are Bent on Formatting Crisis in Agatu, Says Ejeh

From Attah Ede, Makurdi
The Chairman of Agatu Local government area of Benue State, Melvin Ejeh yesterday raised the alarm that criminal herders are bent on causing a crisis in his domain despite the painstaking efforts by his administration to restore permanent peace in Agatu land.The chairman, who raised the alarm in a press statement in Makurdi, lamented over the tragic attack on some innocent citizens who were returning from the market around Ogwumogbo and Okpo’okpolo communities by a group of criminal herders resulting in the loss of six lives.
According to him, ‘the report that reached me indicated that the victims who were traders returning from Oweto Market in Agatu to their various villages were ambushed by their attackers.”It is sad and highly regrettable that some criminal herders are bent on causing yet another crisis despite all efforts we are making to restore peace in the area.”This barbaric, criminal, and heinous crime is condemnable in its entirety. The perpetrators and their sponsors must not go unpunished. They must be fished out from their hideout to answer for their evil act”.Ejeh who is also the Deputy Chairman, ALGON said the police, military, DSS, and other security agencies have begun action with a view to apprehending those involved.Said he, “I wish to allay the fears of citizens in the Council and appeal that they should continue with their normal activities.”The local government will work with all the security agencies to uproot the criminals from their hideout to face the wrath of the law, no matter how highly placed. Anybody who is found to be aiding and abetting criminality in the local government area will be dealt with according to the law.”I call on every citizen to be vigilant and report any suspicious activities or movements to security agencies in the local government”.Uncategorized
New Frontiers are not about Bullets, Guns, it’s About Brains, Says Obianime

From Mike Tayese, Yenagoa
A Prof. of Pharmaceutical Sciences University of Portharcourt, Prof. A.W. Obianime has said that the prospect for the future of Ijaw Nation looks good but will require a broad review of the people’s emotional and psychological state.
He said there should be a reorientation of the people, saying the need for environmental and social Justice is paramount and to enshrine corporate and environmental responsibility is an aspect they need to pursue and promote. Obianime handed down this during a Public Lecture/Dinner organized to mark the 2025 Isaac Boro Day celebration at the state Banquet Hall Government House Yenagoa, Bayelsa state capitalAccording to him, the existing lawsuit and social campaign should be used for the development of the people and the region. “We must change the erroneous narrative by people who mean us no good and present us as aliens, senseless Agitators or militants, not as educated people seeking their rights, justice and Fairness”.In a lecture titled: The Ijaw Struggle for Self Determination: Challenges, New Frontiers and Prospect, Prof. Obianime said, “Politics and the allure of monetary gains and their supposed benefits have disunited our people and therefore there is no more Ijawness in our daily operations”. Rather than ljaw, we talk along party lines (PDP VS APC).”The build-up to 2027 is more important than the jaw National and ancestral interest. Peace building, Dialogue and constructive engagement between the Ijaw nation, the federal government, oil companies, and civil society are key to lasting peace and mutual development.”The Ijaws as an ethnic nationality must take action, their cause must be given the needed global outlook. Our message must be well packaged and placed on the front burners of international human rights platforms, environmental courts, and policy institutions.”Our youths are our future and empowering them with the right information via formal and non-formal education, global exposure and leadership training will sustain the desire for a better future, keep alive the struggle and secure the dream.”We must begin to learn to accommodate and network our interests. We must purposefully go out to make new friends, establish new relationships and begin a new phase of what I consider a high-powered PR activity.”Finally, the new frontiers are not about bullets and guns, it is about brains and brawn. The Ijaws must rise above petty educational pursuits but seek education that is liberating and fair. Therefore brethren, if we must establish the concept of fairness and justice as it concerns the ljaws people, we must also preach it as a national ethos because injury to one is an injury to all” , he said.While acknowledging some challenges said, theater and the complexities/complexion of the war or survival in the Nigerian political space have changed. Saying the physical environment has changed due to environmental degradation and toxicity.In his closing remark, Secretary to the State Government, Prof. Nimibofa Ayawei said, the younger generations should emulate what Issac Adaka Boro stood for during his lifetime.According to him, Boro’s struggle contributed to the creation of the old Rivers state and now Bayelsa state too was created. “Our politicians, youths and all stakeholders in Ijaw Nation should see the interest of Ijaw man above their personal interest “.Uncategorized
NIMC Inaugurates NIN Authentication Service

The Federal Government of Nigeria has approved the National Identity Management Commission (NIMC) inauguration of the NIMC NIN Authentication (NNAuth) for secured and seamless identity verification and authentication.
This is contained in a statement in Lagos on Tuesday, by the Head, Cooperate Communications, NIMC, Dr Kayode Adegoke.
Adegoke said that similarly, the presidency had directed the use of NIN Authentication for verification and authentication across Ministries, Departments and Agencies (MDAs).
He explained that this was in line with the commission’s mandate of regulating a reliable national digital identity for citizens and legal residents to affirm their identity
According to him, the inauguration of the NIN Authentication (NINAuth), a cutting-edge suite of services that include web, API and mobile verification is designed to enhance data security, protect privacy, and simplify access to government services.
”This is part of President Bola Tinubu’s Renewed Hope Agenda on strengthening the national identity management system.
”The NIMC NINAuth application is the official service for integration with the commission’s back-end infrastructure.
”It introduces a robust layer of protection, empowering individuals with greater control over their personal information.”
He added that it required explicit consent before data is shared for Know Your Customer (KYC) processes or other verifications.
He said that the platform fosters trust, transparency, and user autonomy in digital identity management.
Adegoke also said that with the NINAuth, individuals could securely verify their identity and access key government services which include Sim registration, replacement, applications and passport processing
Others he said include tax filings and financial transactions, government Intervention Programmes in various MDAs, driver’s licence renewals and other regulatory processes.
The NIMC head of cooperate communications further said that the key features and benefits include enhanced Security, Protects personal data from unauthorised access, empowers individuals with the freedom to manage their data sharing preferences.
According to him, other key features and benefits include seamless access, provides a secure single sign on solution for convenient access to services.
He added that the innovation reaffirms NIMC’s commitment to advancing secured and efficient digital identity management, ensuring a more accessible, transparent, and secure identity verification system in Nigeria.
He said that the NINAuth application also provided a secured, scalable, and interoperable interface for identity verification through API integration.
According to him, it is designed to facilitate real-time authentication of NIN records, thereby promoting effective service delivery, database harmonisation, and compliance with the National Identity Policy.
He said that the NINAuth service had been designated as the exclusive platform for all NIN-based verification and authentication integration processes for optimal services.
”The implementation guide and process flow of the NIMC NIN Authentication are available at https://ninauth.nimc.gov.ng,” he said.