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Bolaji Ogunmola: Bold, Visionary, Unstoppable.

Ranks Africa is proud to spotlight Bolaji Ogunmola, a Nollywood sensation whose talent and drive are reshaping the landscape of African cinema. With a magnetic presence both on and off the screen, Bolaji has swiftly emerged as one of the most captivating actresses and producers in the industry. From her standout performances in beloved films to her behind-the-scenes work as a storyteller and producer, Bolaji is leading a new generation of creatives, proving that her impact extends far beyond the roles she plays. Today, we celebrate her as one of Nollywood’s standout stars.

When you hear the name Bolaji Ogunmola, it’s time to stand up, doff your cap, or shower her with flowers. This Nigerian actress and producer is steadily carving out her place in Nollywood, leaving an indelible mark on the film industry. Renowned for her beauty, talent, and captivating screen presence, Bolaji has starred in and produced numerous films, collaborating with some of the biggest names in the industry.

Her passion, relentless drive, and unwavering creativity continue to shine, positioning her as one of the brightest rising stars in African cinema.In an industry overflowing with talent, Bolaji Ogunmola stands out as one of Nollywood’s most compelling actresses.

Since her professional acting debut in 2012 with the film Okon Goes to School, she has captivated audiences with her dynamic performances and unmatched versatility. With over a decade in the industry, Bolaji has delivered remarkable performances in films like Four Crooks and a Rookie, Sobi’s Mystic, The Cook, Pregnancy, On Bended Knees, and Ajosepo. Despite her onscreen success, Bolaji isn’t just shining in front of the camera—she’s making waves behind it too, with several notable producing credits to her name.

Her journey into acting began in the teenage stage, but it wasn’t until 2012 that she made her official debut. Over the past decade, Bolaji has amassed over 100 acting credits, firmly establishing herself as a beloved figure in the Nigerian film industry. Fans have grown increasingly interested in learning more about her inspiring journey, which has been marked by hard work, perseverance, and a passion for storytelling.
In a recent interview, Bolaji reflected on her early aspirations and how she discovered her passion for acting:
“I always had an idea I was going to be involved in entertainment. First, I thought it would be music, but I couldn’t sing. Then I thought it would be modeling, but I was too fat. One day at church, my drama team asked me to act the role of Esther in a play, and I did. My performance was praised, and that’s when I knew acting was my path.”

Beyond her achievements in front of the camera, Bolaji has ventured into film production, a passion that aligns with her love for storytelling. As the founder and CEO of The Ogunmola Company, she has produced several films, including No Love Lust, Dilemma, Imperfect Match, Hearts Over Time, Talking Stage, Old Habits, Yours Regardless, The Last Piece of Me, Butterflies, etc.

Her motivation for stepping behind the camera is deeply personal, as she shared in a recent interview:
“Funny enough, I always wanted to produce. From the beginning, I knew I wanted to tell stories I’m passionate about. I studied business management, and I love creating narratives that can resonate with me, you, and everyone watching. I wanted to be behind the camera, managing, and bringing these stories to life.”

Bolaji Ogunmola’s impact stretches beyond acting and production. She has used her platform to elevate emerging talents, giving them opportunities to shine. Her YouTube channel hosts an array of films, providing a stage for fresh voices and new stories.
Bolaji’s journey is a testament to resilience, creativity, and fearless ambition. Despite limited resources, she is creating a path for Black women worldwide, showing that success is possible with passion and hard work. Her growth and influence are far reaching, and her impact is undeniable.

 

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Article by Tife Anihuntodun

NIGERIAN ARMY DISMANTLES TERRORIST STRONGHOLDS- RESCUES KIDNAPPED STUDENTS

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In a series of strategic operations against terrorism and insurgency, troops of the Nigerian Army have struck a significant blow to terrorist networks, rescuing kidnapped students and seizing a large cache of weapons and ammunition. Several insurgents were neutralized, and others were captured during these coordinated efforts.

On September 12, 2024, acting on credible intelligence, Nigerian Army troops in Kaduna State executed a meticulously planned operation to free abducted individuals from extremist camps. Engaging in a fierce battle in Chigbolu village, Kachia Local Government Area, the troops successfully overwhelmed the terrorists, forcing them to abandon their captives. A thorough search of the area led to the rescue of 13 individuals—6 males and 7 females—along with the recovery of one AK-47 rifle, 87 rounds of 7.63mm ammunition, 4 magazines, a locally made rifle, and ₦192,220.00. Additionally, 5 solar panels, 5 mobile phones, dry rations, and clothing items were seized. The rescued victims have been taken to 1 Division Medical Services and Hospital for care.

In a separate operation, troops in Kachia Local Government Area apprehended two well-known terrorist logistics suppliers, Mallam Usman Waikili and Salisu Idris, at Kagarko village. The suspects were found in possession of ₦1,306,700.00, three SIM cards, 2 mobile phones, 3 national identity cards, 8 ATM cards, 2 Moniepoint POS machines, an MTN MiFi, and other items.

In another targeted raid in Suleja, Niger State, troops attacked a terrorist hideout, resulting in a fierce gunfight. The troops’ superior firepower led to the neutralization of 3 terrorists, with 3 additional suspects—identified as Mallam Halalu, Mallam Suleiman, and Mr. Musa—captured alive. The suspects guided the troops to a concealed armory, where 3 AK-47 rifles, 121 rounds of 7.62mm special ammunition, and ₦4,079,000.00 were recovered

These successful operations highlight the Nigerian Army’s commitment to dismantling terrorist networks and rescuing those in danger. The Chief of Army Staff has praised the troops for their efforts and encouraged them to maintain their aggressive stance across all operational areas.

 

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Fuel To Sell At N230 Per Litre With CNG

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In a strategic move to reduce fuel costs and provide Nigerians with an affordable alternative to petrol and diesel, President Bola Tinubu has enabled Compressed Natural Gas (CNG) to be available for vehicles at N230 per litre.

 

This initiative provides a cheaper and cleaner alternative to petrol, which currently sells for over N900 per litre, reflecting the President’s commitment to lowering the cost of living and alleviating the pressures from petrol subsidy removal.

 

The Presidential Compressed Natural Gas Initiative (PCNGi), which was launched under President Tinubu’s directive, is set to deliver wide-reaching benefits to Nigerians by significantly cutting fuel costs.

 

The introduction of CNG as a fuel source aligns with the government’s drive towards energy diversification, and is designed to bring immediate relief to Nigerians, especially those who depend on transport for their livelihood.

 

As part of this initiative, President Tinubu has ordered one million free CNG conversion kits to be distributed to commercial vehicles involved in transporting people, food, and goods. These kits, along with free installation, will be rolled out over the next 18 months, helping the transport sector quickly transition to CNG and take advantage of the significantly lower fuel prices.

 

The distribution of these kits will be carried out in collaboration with key partners, ensuring nationwide accessibility.

 

Medical Experts Dismiss Narration Of 11 Babies’ Delivery

In the first phase of the initiative, PCNGi will begin the immediate distribution of 10,000 free conversion kits this week. These kits will be provided at no cost to transport operators through key national transport associations, including the National Union of Road Transport Workers (NURTW), Moove, UBER, and the Kaduna State Transport Authority (KSTA).

This will enable commercial drivers to switch their vehicles to run on CNG, thus easing the cost burdens for both transporters and the public.

 

The distribution process is supported by PCNGi in partnership with NIPCO Gas, which will manage the conversion process through a network of authorized conversion centers across Nigeria. These centers will provide the necessary infrastructure and services to ensure a smooth transition for vehicles switching to CNG.

 

By switching to CNG, Nigeria is embracing a cleaner, cheaper, and more sustainable fuel alternative that benefits both the economy and the environment. The government’s goal is to distribute the full 1 million conversion kits by the end of 2025, ensuring that Nigeria’s commercial transport sector is fully equipped to adopt CNG and reduce dependence on costly petrol and diesel.

 

This initiative reflects President Tinubu’s broader vision for a more resilient and economically sound Nigeria, providing citizens with a practical solution to rising fuel costs while promoting sustainable energy practices.

Lagos Red Line Train Service to Transport Over 100,000 Passengers Daily

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Lagos Red Line Train Service to Transport Over 100,000 Passengers Daily

The Lagos State Government has announced that the Red Line train, once fully operational, will transport between 100,000 and 150,000 passengers daily, significantly easing the city’s traffic congestion.

 

Olawale Musa, Permanent Secretary of the Lagos State Ministry of Transportation, said the Red Line is currently undergoing a test run, while the Blue Line is already operational, handling 1,000 passengers with 72 trips per day.

 

The Red Line, part of the Lagos Rail Mass Transit system, runs over a 27-kilometre stretch with eight stations, connecting Agbado in Ogun State to Oyingbo in Lagos. Stations include Iju, Agege, Ikeja, Oshodi, Mushin, and Yaba.

 

 

Musa highlighted that, while the Red Line can accommodate 800 passengers per trip, its daily capacity is yet to be finalised due to shared rail tracks with the Nigeria Railway Corporation, which affects its speed and trip frequency. However, the ongoing test run is expected to resolve these technicalities.

 

In addition to expanding rail infrastructure, the Lagos government is also working on junction improvements and road expansions across the city to address traffic concerns. The construction of the Ọdọ Iya Alaro bridge and planned improvements around Toyin Street are among the initiatives aimed at reducing traffic congestion in key areas.

Petrol loading from Dangote refinery begins next week – Marketers

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Oil marketers have confirmed that they will start lifting Premium Motor Spirit (petrol), from the Dangote Petroleum Refinery next week.

 

While some revealed that they had started sending trucks to the Lagos-based multi-billion dollar plant to load products from Sunday, others stated that their tankers would hit the refinery any day from next week.

 

It was also gathered that some dealers are expecting imported petrol before the end of this month.

 

Saturday PUNCH gathered on Friday that the vessels of some major marketers would arrive in the country in the next 10 days.

 

Although the President of Dangote Group, Alhaji Aliko Dangote, recently announced that only NNPC would lift PMS from the Dangote refinery at the moment, oil marketers stated on Friday that they had already commenced moves to load their trucks with petrol from the plant.

 

The initial daily supply from the refinery is anticipated to be 25 million litres.

 

“We should start loading from the plant next week and aside from that, so many marketers are planning to import PMS before the end of the month,” a major marketer, who spoke to our correspondent in confidence due to lack of authorisation to comment on the matter, stated.

 

The source added, “This means the deregulation of PMS prices has set in fully. Nobody wants to be at the whims and caprices of NNPC again.”

 

On whether there was an agreement on the price of Dangote petrol, the dealer replied, “The agreement on price has not been reached yet, but what I asked our people was how sure are we that we will get the market if we bring in products at about N1,100/litre?

 

“They now said many people are fed up with NNPC, adding that there will be an adequate market for the product. So, people should gear up for a price of about N1,200/litre, even from the depots. I know that many are going to bring in products to stimulate competition.

 

“In fact, for specifics, our imports should arrive in the country in the next 10 days all things being equal. So, we are doing both imports and Dangote, and that is the same with most major marketers. I don’t know which imports are going to come in first, but I know that about three or four major marketers are expecting products.”

 

Last week, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, declared that the downstream oil sector had been fully deregulated, as the government was not fixing petroleum products’ prices again.

 

“What is important is that the government is not fixing prices. This sector is deregulated. And we believe that with the availability of products, the price (of petrol) will find its level. And this is important for Nigeria to know.

 

“There is enough product in the country to be able to meet the demands of Nigerians, there should be no panic buying. And we also believe that Nigerians need to know that the government is not fixing prices. That is what I want to convey to Nigerians,” Lokpobiri had said.

 

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The minister disclosed this after NNPC raised the pump prices of petrol from about N620/litre to as high as N855 and N897/litre depending on the area of purchase.

 

Another dealer confirmed that plans were being perfected to begin the loading of petrol from the Dangote refinery next week.

 

The source could not confirm if NNPC would also start loading PMS from Dangote refinery next week.

 

“I don’t know about NNPC, but I want to confirm to you that from next week, we are going to start loading petrol from that refinery. This is concrete,” the source added.

 

When asked if NNPC would begin the loading of petrol from the refinery on Sunday, the dealer replied, “I don’t know about NNPC, but I know that we are going to start lifting petrol from there next week.”

 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, confirmed that many marketers had commenced moves to import petrol, as well as load from the Dangote refinery.

 

He, however, did not state the price of the product being expected from the $20bn Lekki-based refinery, stressing that discussions were still ongoing.

 

“I cannot tell you the price from Dangote and that of the landing cost for imported products for now. But since the government is now serious about deregulating the downstream oil sector fully, we are also going to start importing PMS,” he said.

 

The spokesperson for Dangote refinery, Tony Chiejina, had yet to respond to an enquiry on the matter as of when this story was filed.

 

This came as the spokesperson for the NNPC, Olufemi Soneye, debunked claims that the national oil company had started loading petrol from the refinery.

 

When told that some marketers claimed that NNPC had started lifting petrol from the Dangote refinery and asked to confirm the development, he simply replied, “false.”

 

Soneye, however, did not respond to enquiries about the cost of PMS being expected from the Dangote refinery and that of crude to be supplied by NNPC to the largest refinery on the continent.

 

There were earlier reports that the Dangote refinery and the NNPC were to hold discussions on Friday as regards PMS and crude oil prices.

What life has taught me at 60 — Wale Ojo

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Award-winning actor, Wale Ojo, celebrated his 60th birthday during the week, and in an interview with Saturday Beats, he shared the most significant lessons he had learnt at 60.

He said, “I think the greatest lesson is that love and creativity are what fuel life, and the passion for what one does. If you can wake up and not worry about how you’re going to spend the hours but instead wonder if you have enough hours to do what you need to do, it’s a wonderful thing. Whenever I move around, especially in Nigeria and other parts of the world, I always wonder how someone can just sit for a long time looking at the wall, maybe if the person is a security guard. I always wonder if I would be able to do that. It would drive me insane. Idleness is not something I believe in. I am very active.”

 

When asked about the defining moments of his life, he said, “The defining moment of my life would be when I made the decision to leave England to pursue my acting career in Nigeria. It was then I realised that there is no love like the love of your own people. I featured in ‘Meet The Adebanjos’ (a TV series) in London, and I didn’t even think it would be popular in Nigeria. When I landed in Nigeria and saw the love from people requesting to take photographs with me and asking for hugs, I was blown away. I had to ask myself if it was the same programme they were talking about. I never got that kind of love in England. I just realised it was a great decision to make that move here.”

 

On what he does to stay in good shape, Ojo said, “I think it is the right diet, exercise, the right amount of wine, and lots of loving.”

 

Reflecting on how he feels at 60, he said, “It feels great, almost like any other day. I am still doing what I was doing 30 years ago—perhaps even with more vigour. But these days, I find myself being impatient with people who are very slow. Maybe I’m just used to being fast.”

 

 

Credit: punchng.com

 

Why private investigators, pathologists are avoiding MohBad’s case – Odumosu

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One year after the mysterious death of the rapper and songwriter, Ilerioluwa Aloba, aka MohBad, the head of the Aloba family legal team, Taiwo Odumosu, in this interview with DAYO OYEWO, speaks on the legal process and the relentless pursuit of justice. Excerpts:

 

It’s been about a year since the investigation into MohBad’s death began, can you provide an update on the status of the probe?

 

Presently, we are approaching the issue from different angles. The second autopsy and toxicology test is being conducted as directed by the court. We hope this will shed more light on the circumstances leading to the death of MohBad. Presently, the specimen has been taken abroad by forensic experts for the toxicology examination. Given the controversy generated by the first autopsy, the forensic experts in their professional estimation believed the laboratory in Europe would be better. So they avoided the USA altogether. The DNA test too. Wunmi brought preliminary objection on some flimsy grounds. We have argued the objections and the ruling is reserved by the court for October 18.

 

With the controversy on the outcome of the first autopsy, how has the independent autopsy by the family fared?

 

Getting pathologists to attend to the matter was a bit tough. We got in touch with four pathologists: one from Kaduna, another from Maiduguri and one other place but they said powerful individuals were interested in the matter and declined to take it on. We also consulted those in America. However, because of the controversy trailing the first autopsy, we decided to boycott America altogether. For those who agreed to help us now, we thank them. The way to justice is always strewn with thorns. But we have the firm belief we shall get there.

 

Why the choice of a forensic pathologist in the northern region?

 

We don’t want anybody to compromise the process. We suspected that the delay of transferring the previous specimen to America took a long time. We also suspected government intervention and institutional laxity on the part of the police, so we decided to look elsewhere to do what we wanted. But we eventually got somebody.

 

What are the key challenges the legal team has faced in seeking justice for his family?

 

The biggest challenge we have had so far is from the Nigerian Police. Apart from the shoddy investigation that is clear even to the novice, they have refused to cooperate with us on certain levels. It is an open secret that the court granted the Aloba family an order to conduct another autopsy and toxicology test after the government-assisted toxicology test led to inconclusiveness. We sent a letter to the police informing them of the order of the court and the need for them to release documents and exhibits to the forensic experts. They didn’t acknowledge nor release the documents to the forensic pathologists. We sent a reminder to them and still, they ignored it. This sort of attitude does not commend the police to the populace.

 

The exact time MohBad died had been one of the subjects of controversies that trailed the late singer’s passing. Has the legal team looked into this?

 

The facts and information presented so far seem to cast doubts as to the exact time of MohBad’s passing. From a logical point of view, the time frame given by those who spoke after his death and what the deceased’s partner’s sister said seem to suggest that he could not have died on the day presented to the police or the Coroner Court. It is one of the issues we proposed to the pathologists to solve for us. We also expect the police to shed more light on this if indeed the investigating police officer did a thorough job. If he died the day he was buried, there wouldn’t be any need for traditional embalming. So we look forward to getting an answer to the time he died too.

 

How has the investigation’s progress impacted the family’s decision to lay MohBad to rest?

 

The investigation has been very slow. And the bulk of the burden rests with the police. We do not know whose interest they are protecting. We attempted to get private investigators. The three experts we got on different occasions declined to take on the investigative job. The fourth one attempted to take it. He consulted with some of his colleagues who are also experts in the detection of heinous crimes. But they told him that those behind the death of the late singer were powerful people, and they wouldn’t want to intervene in the matter. However, the decision to bury the late singer rests solely with the Aloba family. If the family decides to bury him today, the decision is theirs. As I have said, the reason they didn’t bury him was because of the need for a second autopsy and toxicology test.

 

Are there concerns about the so-called powerful individuals being the second time you mentioned it?

 

So far, we have been engaging the instrumentality of the law to get to the root of the case. I do not think we need to fear. For the private investigators who declined to work, they have their own procedures which I am ignorant of. I am not an investigator. Remember when Dele Giwa died? The late Chief Gani Fawehinmi did all that he could through the peripheral areas of the law. And at a point, we saw the frustration put on his way by the then officials in power. Notwithstanding, he made his points. We too will try our best to get to the root of the case. To that end, the more some key witnesses are being shielded from appearing before the Coroner Court the more we are convinced they have more information to give to the court. Nurse Ogedengbe, the IPO who has been invited more than six times by the court but has taken to his heels, all of them need to appear before the court and tell us what they know. You will be wondering why the police officer who investigated a matter suddenly developed cold feet to appear to answer simple questions about the investigation he carried out.

 

People had wondered why the family was so particular about the DNA test when the cause of MohBad’s death was yet to be unravelled. What is your take on this?

 

In a homicide case, you don’t overlook vital issues. While we are not saying MohBad died as a result of his doubts about the paternity of the baby, we should not close our eyes to the potentiality of such a source too. MohBad’s father said he wanted a DNA test. He must have his reasons. And looking at the generality of the circumstances of the death, it is worth the while to see if motive could be deduced from such an angle. It is a logical action to take. Apart from this, if those being suspected really took part in the murder of the deceased. It’s a legal principle that from a dishonourable cause, no action arises. In Latin maxim, it means ex turpi causa non oritur actio. An individual must be prevented from benefiting from their own wrongdoing. Under inheritance law, the concept of the slayer rule applies. This prohibits a person who unlawfully kills another from inheriting the victims. So it is reasonable for the Aloba family to look at the issues broadly in order not to deprive an innocent person of his or her dues.

 

The court had issued a substituted service on Naira Marley, Sam Larry, the nurse said to have treated him and a host of others. What’s the next step to ensure they appear in court?

 

In Lagos State, a witness summoned to appear before a Coroner’s Court cannot legally refuse to appear without justifiable cause. The Coroner’s System Law of Lagos State, 2007 governs coroner inquest and related matters in Lagos State, including the summoning of witnesses. Under Section 35 of the Coroner’s System Law of Lagos State, 2007, a person who has been duly summoned as a witness is legally obligated to attend the inquest. If the witness refuses to appear without a lawful excuse, the coroner has the authority to take further action to ensure compliance. If a witness fails to appear after being summoned, the Coroner may issue a criminal summons or subpoena, which compels the witness to attend court. Failure to obey such summons may result in the witness being held in contempt of court, which can lead to fines or imprisonment. Specifically, Section 36 of the law empowers the Coroner to issue a warrant of arrest to compel the appearance of the witness if they ignore the summons. I can assure you that we would not hesitate to pursue this course if the witnesses whose names were widely published in the newspaper and social media outlets refused to attend the Coroner’s Court.

 

What are the family’s primary concerns regarding the investigation and its outcome?

 

The primary concern of the family is to get justice. And as you know, not just the family, even the general public are interested in ensuring justice for the late singer. May I use the opportunity to thank everyone who has supported the family and contributed money to ensure that we get justice in the case? The road to justice has been tortuous. However, we are sure we will get to the destination. All those concerned, those who are accessories before and after the fact in the case shall be brought to book. The policemen who compromised and spite their oath of office shall all be brought to book.

 

What does the legal team believe is necessary for justice to be served in this case?

 

First, we are not satisfied with the conduct of the police. The investigation they conducted was shoddy, lacked thoroughness, was unprofessional, compromising and skewed in favour of those who are supposed to be behind bars in the unfortunate circumstances of this case. All those present in the house when the incident happened should be under interrogation. But the police picked just a few people, interrogated them, kept them in the cell and grudgingly released them on administrative bail when those who should still be behind bars were busy gallivanting on the streets. The police pretended to be doing a yeoman’s job and there was nothing to show for it. Who is deceiving who? In their press conference, they gave a preliminary report. Where is the main report? We wrote petition against Boluwatife Adeyemo (Darosha) for carrying out an embalmment on the late Ilerioluwa Promise Aloba. All the parties involved were interrogated and statements were taken. Up till today, the police have yet to charge anyone in court. The police are, therefore, not helpful in the circumstances of this case.

 

What are the next steps in the legal process?

 

Well, we are expecting the results of the toxicology test now taken abroad for examination. Along with this will come the autopsy result. We are also looking forward to the DNA test. The result of this will also be revealing and may be able to assuage the interest of not just the family but also the listening public who are eager to know the truth that may come out of the DNA test.

 

How will the legal team ensure the family receives closure and justice?

 

We have done the needful so far. We have petitioned the necessary quarters regarding the way the police have handled the matter. We expected the present crop of policemen handling the matter to be removed and new investigators drafted in from Abuja to reopen the investigation. Mind you, this does not mean the deceased should not be buried if the family reaches a consensus on that. There are some other steps we are taking which I wouldn’t want to mention here. We are getting closer to justice as some facts are coming to light and the jigsaw is being put together.

GTBank finalising switch to core banking software Finacle

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Guaranty Trust Bank (GTBank), the first Nigerian bank to post ₦905.57 billion in half-year profits, is finalising its core banking platform change to Finacle, a software built by Infosys. The bank previously used Basis, a banking software also used by Providus and SunTrust.

The decision to change to Finacle was finalised in September 2023 after some of the bank’s top management and tech team visited India to broker a direct partnership, side-stepping third-party vendors.

 

One person familiar with the matter said that change was necessary because GTBank’s previous banking software had problems, which led to occasional service disruptions.

 

GTBank picked Finacle because it plans to integrate its banking and non-banking subsidiaries on a unified platform, said one person with direct knowledge of the matter.

 

“Rather than having different solutions that cater to different subsidiaries, the bank chose Finacle because it has modules for GT subsidiaries like wealth management and pensions. It was a good deal,” the same person said.

 

GTCO’s move to Finacle, which is used by at least 10 banks, including three of Nigeria’s biggest commercial banks, highlights the growing influence of Infosys.

 

The absence of a local banking software provider and Finacle’s global leadership position in core banking software, attributed to its extensive solution offerings, versatility, and strong performance in core platform functionality, have solidified Finacle’s position in the market.

 

One person with knowledge of the matter said CEO Segun Agbaje made the final decision. In July 2024, Agbaje shared that the bank would change its core banking software to Finacle during a presentation to flag off its ₦400 billion capital raise.

 

“The technology needs to be better, the technology needs to be more robust. We have Finacle which is a good software that will land us where we need to go,” he said at the time.

 

The ongoing migration, which began in the fourth quarter of 2023, is designed to avoid disruptions to GTBank’s large retail customer base, one person with direct knowledge of the process claimed.

 

GTBank did not immediately respond to a request for comment.

 

A change in a bank’s core banking application can cause service disruptions in the short-term. On Saturday, TechCabal reported that customers of Sterling Bank, a tier-2 Nigerian bank, could not access the bank’s app because of a migration to a new custom-built core banking application.

 

“Changing the core banking software is like doing a heart transplant,” one industry insider said.

 

GTCO’s transition to Finacle reflects a broader trend among Nigerian banks, driven by evolving technology requirements and the growth of digital banking. The true measure of this trend’s success will be its impact on customer service and the seamlessness of the migration process.

 

FG hands over 20 CNG buses to Lagos-based transporter

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As a new fuel price regime takes effect across the country, the Federal Government through the Presidential CNG Initiative (P-CNGi) yesterday, handed over 20 Compressed Natural Gas(CNG) buses to Iru Land Transport Company Limited.

Speaking at the formal handover of the 20 CNG buses and the signing ceremony for Lagos Strategic CNG Conversion Partners, PCNGi Progamme Director, Mr. Micheal Oluwagbemi, said the launch of the first set of CNG buses was aimed at crashing transport cost in Lagos.

 

He explained that PCNGi is a component of the palliative intervention of President Bola Tinubu’s administration directed at providing succor to the masses occasioned by the transitive hardships of the fuel subsidy removal policy of the Federal Government.

 

Oluwagbemi added that sequel to the removal of petrol subsidy and the full deregulation of the petroleum products market, the price of petrol has increased significantly.

 

“As such, there is a need to consider alternative sources of fuel, primarily CNG and EV for vehicles.We are working towards reducing our dependence on fossil fuels, enhancing our energy independence and contributing to a more secure energy future in Nigeria’’.

 

He said the Iru kingdom corridor in Lagos was partnered because it had earlier established and operating an effective bus schemes, saying the location would also quickly help Government in demonstrating to Nigerians the impact of CNG buses in lowering transport cost

 

He added that the PCNGi would also be working with Ibile Oil and Gas which is a Lagos State agency to fastrack the conversion of commuter buses through the 12 conversion centers that have been signed on to the PCNGi programme.

 

The Programme Director said the 20 CNG buses like others, were procured by the Federal Ministry of Finance under the palliative programme through local manufacturers with repayment over a period of time through fares paid by commuters.

 

“We delivered 20 buses in Ibadan on Monday and today again, we are in Lagos. We will move over to other parts of the country as soon as the buses are assembled by the manufacturers here in Nigeria. Every part of the country will be touched,’’.

 

Oluwagbemi said 531 buses are expected to be rolled out under the first phase of the PCNGi programme.

 

To further make the initiative more widely acceptable, he said one million commuter buses will be converted to CNG free of charge.

 

Earlier, in his address, the Oniru of Iru Land, Oba Gbolahan Lawal, thanked the President Bola Tinubu, for finding Iru Land worth of the partnership.

 

He said his Kingdom generates over 40 per cent of the revenue in Lagos State as it plays host to several embassies, oil companies headquarters, banks and other corporate institutions.

 

He assured the Government that the buses would be put to good use while return on investment is guaranteed.

Nigeria, World Bank partner to register all land parcels, targeting $300 billion in untapped capital 

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Nigeria’s Ministry of Housing and Urban Development has partnered with the World Bank to tackle the country’s land registration issues, with over 90% of land currently untitled, tying up an estimated $300 billion in untapped capital.

 

The initiative aims to register all land parcels within five years, increase formal land transactions from 10% to 50%, and establish a National Digital Land Information System (NDLIS).

 

The agreement was signed by the Minister of Housing, Arc. Ahmed Musa Dangiwa, and the World Bank’s Vice President of Infrastructure, Guangzhe Chen, on September 11, 2024, in Abuja, as contained in a statement on the ministry’s website.

 

“This is very important to our government as over 90% of land in our country is unregistered and untitled. Experts estimate a dead capital of over $300 billion”

 

“Through this initiative that we plan to implement with the World Bank, we aim to, amongst other objectives, register, document and title all land parcels within five years; develop and launch a National Digital Land Information System (NDLIS) and define a framework that makes it accessible to all stakeholders; increase the formalization of land transactions from less than 10% to over 50% in the next 10 years; and train and deploy technically competent land registration officers nationwide,” Dangiwa said.

 

The Housing Minister revealed that the National Land Registration and Titling Programme will partner with state governments, enabling them to boost revenue through ground rent, Certificates of Occupancy, and real estate taxes.

 

He added that these funds could be used to improve urban services and help mitigate climate change impacts in cities across Nigeria.

 

Other key areas of partnership with the World Bank

According to the statement, Minister Dangiwa highlighted additional areas of collaboration with the World Bank, focusing on Urban Livability and the Housing Value Chain.

 

He emphasized that the implementation of the National Urban Development Policy is a key priority for the current administration, noting that the World Bank’s technical expertise is crucial to creating sustainable frameworks for managing urban areas and improving service delivery.

 

The statement further indicated that another focus area is developing a framework to address systemic barriers in the housing value chain, aimed at enhancing private investments in affordable housing.

 

Additionally, the Minister recalled the recent Livability Workshop with state commissioners, stating that recommendations from the engagement are being developed into an actionable plan in partnership with the World Bank.

 

World Bank’s commitment to the partnership

World Bank Vice President of Infrastructure, Guangzhe Chen, stated that the purpose of the visit was to identify areas of mutual interest to prioritize in collaboration with Nigeria’s Ministry of Housing.

 

He noted that the World Bank is open to supporting Nigeria in land administration, affordable housing, sustainable financing, climate change mitigation in urban areas, and urban land management to achieve livable cities and digitization.

 

Chen also mentioned that successful models from other countries in West and Central Africa could be adapted for Nigeria.

 

Country Director of the World Bank, Ndiame Diop, assured that the outlined priorities would be refined and developed into comprehensive programmes.

 

These include improving the mortgage ecosystem, implementing a structured land titling system, and providing urban planning support to help vulnerable cities manage challenges such as flooding and rising heat levels.

 

Diop emphasized that addressing land registration, with 90% of land currently unregistered, is urgent for the sector’s development.

 

He also expressed satisfaction that the Minister is already engaging state governments, which he described as crucial for success, and affirmed the World Bank’s readiness to provide financing and technical support to drive Nigeria’s housing and urban agenda.