The Federal Government has formally inaugurated the National Steering Committee for the Lagos International Financial Centre (LIFC) Initiative, marking a significant milestone in Nigeria’s drive to establish a globally competitive financial hub in Africa.

Speaking at the inauguration ceremony held on Wednesday, 2nd September, 2026 in Abuja, the Secretary to the Government of the Federation, Sen. George Akume CON stated that the LIFC is a strategic initiative designed to deepen Nigeria’s capital markets, attract domestic and foreign investment, promote financial innovation, and strengthen the country’s financial ecosystem for sustainable economic growth.

“The establishment of the LIFC presents an opportunity to leverage Lagos’ strategic position and Nigeria’s economic potential to create a financial centre of international standing,” he said.

He noted that His Excellency, President Bola Ahmed Tinubu, GCFR, has endorsed the LIFC Initiative as a strategic national economic priority and directed the Office of the Secretary to the Government of the Federation to coordinate Federal Government support for its implementation.

The Committee, he added, brings together key Federal Government institutions, the Lagos State Government, and private sector stakeholders to ensure effective coordination in addressing policy, legal, regulatory, institutional, and infrastructure issues critical to the Centre’s success.

He urged members to approach the assignment with commitment and urgency, emphasizing that the success of the LIFC will depend on a strong whole-of-government approach and effective partnership between the Federal Government, Lagos State Government, and the private sector.

The Secretary to the Government of the Federation assured the Committee of the full support of his Office in facilitating the discharge of its mandate.

The National Steering Committee is composed as follows: Chairman, Secretary to the Government of the Federation, Sen. George Akume CON; Co-Chairman: Governor, Lagos State Babajide Sanwo – Olu.

Shadow Chair: Permanent Secretary (GSO) OSGF, Dr. Ibrahim Abubakar Kana, mni, DRM, Shadow Co-Chair: Hon. Commissioner for Finance, Lagos State Government, Mr. Abayomi Oluyomi.

Others are: Honourable Minister of Finance and Coordinating Minister of the Economy – Taiwo Oyedele; Honourable Attorney General of the Federation and Minister of Justice – Lateef Fagbemi, SAN; Honourable Minister of Foreign Affairs, Amb. Bianca Odumiegwu-Ojukwu; Honourable Minister of Interior of Nigeria is Dr. Olubunmi Tunji-Ojo; Honourable Minister of Industry, Trade and Investment Dr. Jumoke Oduwole, MFR; Honourable Minister of Communications, Innovation & Digital Economy, Dr. ‘Bosun Tijani; Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso; Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama; Executive Chairman of the Nigeria Revenue Service (NRS) Dr. Zacch Adedeji and EnterpriseNGR Chairman Aigboje Aig- Imoukhuede.

Members of the Secretariat are: Director of Legal Services (OSGF) Mrs. Kamilatu M. Kida and CEO, EnterpriseNGR, Ms. Obi Obiekwe.

The highpoint of the inauguration ceremony was an elaborate briefing and presentation made by the Co-Chairman of the Committee and the Executive Governor of Lagos State, Babajide Sanwo-Olu. He explained that International Financial Centres are deliberate instruments of national economic strategy: trusted jurisdictions built to mobilise long-term capital, deepen markets and connect domestic opportunity to global capital. Their foundations are institutional trust, regulatory quality, legal certainty and international connectivity.

LIFC, he explained can become the trusted platform through which Nigeria competes for global capital — and through which capital accesses African opportunity.

The Committee, the Governor added, brings together key Federal Government institutions, the Lagos State Government, and private sector stakeholders *”represented by EnterpriseNGR”* to ensure effective coordination in addressing policy, legal, regulatory, institutional, and infrastructure issues critical to the Centre’s success.

The Secretary to the Government of the Federation congratulated all members and wished the Committee a successful and impactful engagement.

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The Appointment is subject to the Terms and Conditions of Service contained in the Certain Political, Public and Judicial Office Holders (Salaries and Allowances, etc.) (Amendment) Act, 2008.

In his new role, Prince Adetokunbo will assist the President in strengthening coordination and policy implementation across key transportation, institutions.

Prince Ademola Adetokunbo, a National political builder, former Special Assistant to the Minister of Tourism, is a Grassroots politician and APC Apex Youth Leader across the globe.

The President tasks the new appointee with deploying his experience to advance Nigeria’s transportation and mobility agenda towards the Renewal Hope Agenda.

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Aledeh’s return represents a major homecoming for the broadcaster, whose career has taken him across some of Nigeria’s biggest media organisations and international platforms since his first stint at Channels Television.

The development is particularly significant for longtime viewers of Sunrise Daily, who will remember Aledeh for his distinctive presentation style, engaging interviews and coverage of major national issues.

Aledeh had left Channels Television in 2017 after several years with the station, subsequently joining Arise News and continuing to build a reputation as a prominent television journalist and interviewer.

In November 2024, Edo State Governor Monday Okpebholo appointed him Managing Director of the Edo Broadcasting Service (EBS), the state-owned broadcaster overseeing radio and television operations. The appointment marked a remarkable return to the organisation where Aledeh had actually begun his broadcasting journey as a student.

As head of EBS, Aledeh took on the challenge of repositioning a State broadcaster and making it more competitive in an increasingly digital media environment.

During his tenure, EBS recorded a number of operational changes, including the restoration of its terrestrial television transmission. Aledeh said the station had been off terrestrial transmission and that his team worked with technical experts to reconnect the transmission system, restoring EBS to Channel 45 in Benin City.

EBS also expanded its presence beyond traditional radio and television to include a stronger digital platform, with the broadcaster describing the organisation under Aledeh’s leadership as being repositioned into a more vibrant, modern broadcasting institution.

His time at EBS therefore became another defining chapter in a career that has included work with major Nigerian and international media organisations, including Channels Television, Arise News, and Al Jazeera.

After resigning as EBS Managing Director in May 2026 to focus on the next phase of his professional career, Aledeh’s return to Channels Television now brings his journey full circle.

And for viewers who remember the broadcaster from his earlier days on Sunrise Daily, the significance of the comeback goes beyond a familiar face returning to television.

He returns with years of additional experience — from international journalism and national television to media management and the transformation of a state-owned broadcasting organisation.

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The National Digital Alphanumeric Postcode System is designed to give every addressable building in the country a unique, machine-readable location code, replacing the limitations of the existing six-digit postcode system, which generally identifies broader areas rather than individual buildings.

According to NIPOST, the new code will identify locations through five levels — State, Local Government Area, District, Area and Building. An example displayed by NIPOST is “FC 02 A09 DB 09”, with “FC” representing the Federal Capital Territory. The new GIS-enabled system is expected to make it easier to locate homes, businesses and public facilities and could be used for deliveries, e-commerce, banking, emergency response, identity verification and government services.

NIPOST estimates that Nigeria currently loses between N50 billion and N80 billion annually through missed and failed deliveries linked to weaknesses in the country’s addressing system.

The postal agency says the new system will provide a more precise digital identity for locations and help reduce the reliance on landmarks and verbal directions when locating properties. NIPOST’s official postcode platform lists October 1, 2026, as the nationwide launch date.

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The revelations are contained in the commission’s interim investigation into the controversial agency, which the Federal Government has said was never legally established. The investigation was ordered by President Bola Tinubu following the discovery that Adeyemi had allegedly used forged government documents to present the organisation as a legitimate federal agency.

According to the ICPC report, the alleged scheme went beyond the use of forged documents, as some government officials reportedly processed applications and facilitated approvals that enabled the purported agency to operate within the federal bureaucracy.

Among the officials named by the commission are Rose Achem, a senior administrative officer to the Director-General of the Budget Office of the Federation; Patricia Akhigbe, an assistant director in the Ministry of Budget and Economic Planning; and Mimi Abu, director of Organisation Design and Development at the Office of the Head of the Civil Service of the Federation.

The ICPC said the officials were involved in processes that enabled the purported PFIPC to obtain an authorised establishment and recruitment waiver.

Investigators alleged that Achem introduced Akhigbe to Abu as the head of human resources of the PFIPC, despite Akhigbe being an assistant director in the Ministry of Budget and Economic Planning.

The commission said the process eventually facilitated approval of the purported agency’s establishment and recruitment arrangements.

How the agency gained government recognition

The ICPC investigation found that Adeyemi began seeking formal recognition from government institutions in November 2024, when he approached the Office of the Accountant-General of the Federation for an administrative code, self-accounting status and approval to open accounts with the Central Bank of Nigeria.

He reportedly submitted documents including an appointment letter, an establishment instrument and a letter on State House letterhead purportedly signed by an official identified as Akanbi Adewale.

Investigators subsequently found that the alleged official did not exist and that forensic examination indicated the letter attributed to him had actually been signed by Adeyemi.

Despite the irregularities, the documents were processed by government institutions.

On 27 May 2025, the Office of the Accountant-General of the Federation granted the purported agency self-accounting status and assigned it administrative code 0111062001.

The move enabled the organisation to secure recognition in the 2026 federal budget and gain access to government financial systems. The OAGF also created a Government Integrated Financial Management Information System platform and a Sub-Treasury Account for the purported agency.

The office later directed the CBN to create two domiciliary accounts for the organisation. The CBN subsequently told the House of Representatives that the accounts were never activated because authorised signatories were not provided.

Alleged payments to officials

The investigation also examined financial transactions involving some of the officials allegedly connected to the scheme.

According to the findings reported from the ICPC investigation, Patricia Akhigbe allegedly received ₦500,000 from Adeyemi as an “Easter thank-you,” while Aminu Abdullahi, an official involved in office allocation at the Office of the Secretary to the Government of the Federation, allegedly received ₦3.25 million in three separate payments.

The ICPC is examining whether the payments were connected to assistance allegedly provided to the purported agency.

Abdullahi was also accused of helping the organisation secure office space at the Federal Secretariat in Abuja, despite the absence of written approval for the allocation.

Investigation continues

The ICPC’s findings have deepened concerns over how a purported government agency without a valid legal foundation was able to obtain official recognition, office accommodation, budgetary status and access to government financial systems.

In a subsequent report, the commission recommended administrative action against 13 public officials over their alleged roles in the scandal. It also recommended that Adeyemi be prosecuted for alleged forgery, impersonation, false statements to public officers and criminal misrepresentation.

The commission has further recommended investigations into the roles of officials in the Ministries of Foreign Affairs and Finance, as well as other individuals and institutions connected to the purported agency.

The Presidency had earlier stated that the PFIPC was never established by any law, executive order, presidential instrument or other valid government action. Adeyemi has denied wrongdoing and maintained that his appointment was legitimate.

The ICPC investigation is expected to help determine the extent of official involvement and whether additional individuals or institutions should face administrative or criminal consequences.

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Aderonke, who currently serves as Special Assistant on Media Broadcast to the Chairman of the National Revenue Service (NRS), was named a Coordinating Secretary in the directorate.

Her appointment places her among the communication professionals expected to support the party’s media strategy, messaging and public engagement as preparations gather momentum for the 2027 presidential election.

She will serve alongside Abdulaziz Abdulaziz, Temitope Ajayi and Frederick Nwabufo as Coordinating Secretaries in the Media and Strategic Communication Directorate.

Aderonke brings extensive experience in journalism, broadcasting, media management and strategic communication to the assignment, having built a career that spans the media and public communication space.

Her latest appointment further underscores her growing profile in strategic communication and political engagement, as the APC strengthens its media machinery ahead of the 2027 general elections.

The Media and Strategic Communication Directorate is expected to play a central role in articulating the party’s message, projecting its programmes and engaging Nigerians across traditional and digital media platforms.

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They include M.S. Danjuma, Nadungu Gagare, and Richard P. Pheelangwah.

Chairman of the Independent Corrupt Practices and Other Related Offences Commission, Dr Musa Aliyu, SAN disclosed this to State House correspondents on Friday after briefing the President for the second time in two days, following an earlier meeting on Thursday.

Aliyu said the newly uncovered fake office, operating under the name “National Brands Development and Made-in-Nigeria Special Project Office,” had been illegally allocated office space within the premises of the OSGF, contrary to extant laws and without presidential authorisation.

He said, “Upon further briefing by ICPC to Mr President on the ongoing investigations into the fake Presidential Foreign Intervention Promotion Council and procedural weaknesses in the public service, the Independent Corrupt Practices and Other Related Offences Commission has uncovered another fake agency and office operating under the name National Brands Development and Made-in-Nigeria Special Project Office, which has been illegally allocated office space within the premises of the Office of the Secretary to the Government of the Federation,” Aliyu said.

He said the discovery emerged in the course of the commission’s broader investigation, as earlier directed by President Tinubu, and identified the promoter of the fake office as one Prince George Buchi Nwabueze, who was found to be operating under multiple aliases.

“The fake agency office, National Brands Development and Made in Nigeria Special Project Office, was promoted by one George Buchi Nwabueze, with active suspected collaborators in the Office of the Secretary to the Government of the Federation, contrary to extant laws and without authorisation of the President of the Federal Republic of Nigeria.

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The development followed a courtesy visit by a delegation of TPAND to Dr. Mohammed at his office. The delegation was led by the Director-General of TPAND, Engr. Yusuff Hussaini, and included the organisation’s Secretary-General, Hon. (Dr.) Abdulhakeem Babake Bello, members of the Board of Trustees and state chapter coordinators.

During the visit, TPAND formally presented Dr. Mohammed with an honour recognising him as the National Patron of Tinubu Presidential Ambassadors of Nigeria and Diaspora (TPAND).

The ceremony provided an opportunity for both organisations to discuss areas of collaboration, particularly in technical education, youth empowerment and skills development.

Speaking during the engagement, Dr. Mohammed expressed appreciation to President Bola Ahmed Tinubu for appointing him to lead NABTEB, stressing that his appointment was based on merit and secured without lobbying.

According to him, the appointment is a reflection of President Tinubu’s commitment to selecting competent Nigerians to occupy strategic positions and contribute to national development.

Dr. Mohammed expressed his gratitude to the President for the confidence reposed in him and pledged to work diligently to justify the appointment.
He further expressed his determination to use his position to advance the objectives of NABTEB and contribute to the success of the administration’s Renewed Hope Agenda, particularly through technical and vocational education.

In his remarks, Engr. Hussaini reaffirmed TPAND’s commitment to supporting the administration’s vision and working closely with NABTEB to improve opportunities for Nigerian youths.

He said TPAND’s collaboration with NABTEB would seek to ensure that young Nigerians are adequately educated, equipped with relevant technical skills and supported to become productive contributors to the nation’s development.

The TPAND delegation described the reception by the NABTEB Registrar/CEO as warm and gracious, while commending Dr. Mohammed for what it described as his integrity, sense of purpose and commitment to national service.

The organisation expressed optimism that its partnership with NABTEB would contribute to strengthening Nigeria’s technical education sector and empowering youths with the skills required for sustainable economic growth.

TPAND also reaffirmed its support for President Tinubu’s Renewed Hope Agenda, particularly initiatives aimed at improving education, skills acquisition and youth development across Nigeria.

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The directive, contained in a new circular, follows growing concerns over instances where some Government Appointees undertake official foreign engagements without securing the requisite approval from the OSGF, in violation of established Government procedures.

The Government noted that several circulars and directives issued over the years were designed to regulate foreign travels by Cabinet Members, Heads of Ministries, Departments and Agencies (MDAs), Boards, Committees and other Public Officials in order to promote accountability, fiscal discipline and effective coordination of Government activities.

Despite these existing regulations, the circular observed that non-compliance persists, undermining efforts to ensure transparency, prudent management of public resources and effective monitoring of official engagements undertaken on behalf of the Federal Government.

Accordingly, all official foreign trips by Federal Government Appointees will continue to require prior approval from the OSGF, except where otherwise expressly provided by law or through a specific Presidential directive.

As part of measures to strengthen enforcement, the Ministry of Foreign Affairs has been directed to make evidence of valid OSGF approval, where applicable, a mandatory requirement for the processing of official Notes Verbales, diplomatic facilitation and other applications relating to official foreign travel.

The Ministry is also expected to formally communicate the requirement to Foreign Missions and Embassies accredited to Nigeria, advising that applications for Official, Diplomatic or Service Visas by Government Appointees should, where applicable, be accompanied by duly issued OSGF travel approval.

Similarly, the Office of the Auditor-General for the Federation has been directed to demand evidence of the requisite OSGF approval from Government Appointees who undertake official foreign trips at public expense during audit exercises.

The circular further stated that expenditures incurred on official foreign trips undertaken without the required approval would be reported in accordance with extant Financial Regulations and applicable audit procedures.

Accounting Officers, Permanent Secretaries, Chief Executive Officers and Heads of Federal Government Agencies have also been directed to ensure that no expenditure relating to official foreign travel by Government Appointees is processed without prior OSGF approval.

The Federal Government said the measures are aimed at strengthening due process, centralised coordination of Government business, accountability and prudent management of public resources.

All Honourable Ministers, Permanent Secretaries, Accounting Officers and Heads of MDAs have therefore been directed to ensure strict compliance with the provisions of the circular, which takes immediate effect.

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Speaking at the inauguration ceremony on Friday, 14th August, 2025 in Abuja, the Secretary to the Government of the Federation described the event as significant, coming at a critical period in Nigeria’s economic transformation under the leadership of President Bola Ahmed Tinubu, GCFR.

He noted that the Tinubu’s administration is implementing far-reaching reforms to restore economic stability, strengthen productivity, improve workers’ welfare, and lay the foundation for sustainable and inclusive growth.

“The role of the National Salaries, Incomes and Wages Commission is particularly strategic at this time. The Commission is entrusted with responsibilities relating to salary structures, productivity, job evaluation and compensation matters that have direct implications for workers’ remuneration, productivity, industrial harmony and the sustainability of government finances,” he said.

The SGF stated that the challenge before the new Board is to maintain an appropriate balance between fair and decent remuneration, improved productivity, affordability, and the broader economic realities of the nation.

He highlighted that the appointment comes at a crucial time following the implementation of the new National Minimum Wage framework, which has raised expectations among workers while placing greater responsibilities on Government and employers.

He urged the Board to ensure its recommendations are evidence-based, transparent, timely, equitable and fiscally responsible, and underpinned by robust research and reliable data on wages, productivity, purchasing power and economic growth.

“The Commission must promote a remuneration system that recognises skills, responsibility, innovation, and productivity while encouraging efficiency and accountability. Strengthening digital and data capabilities and positioning the Commission as a centre of excellence in compensation and productivity is crucial,” he added.

The SGF reaffirmed the Federal Government’s commitment to supporting institutions that advance the objectives of the Renewed Hope Agenda, noting that NSIWC has an important role in ensuring that the benefits of economic reforms translate into improved livelihoods and a more stable industrial environment.

President Tinubu appointed nine other members to the commission alongside the new Board Chairman, Major General Junaid Bindawa (Rtd.)
Former member of the House of Representatives from Lagos, Olajumoke Okoya-Thomas, was appointed Secretary of the Commission.

Dr. Ogbole Ene Lilian, Oladele Olatubosun and Yakubu Umar Barde, representing Benue, Oyo and Kaduna states respectively, were appointed commissioners.

Others appointed as members are Dr. Mai Adamu Yau from Borno State; Ginika Florence Tor from Enugu State; Engineer Lawrence Okoh from Edo State; and Bello Moronke Iyabode from Kogi State.
Akume congratulated the chairman and members of the board and urged them to justify the confidence reposed in them by providing “visionary, responsible and results-oriented leadership.”

In his acceptance speech, the Chairman of the new Board, Major General Junaid Bindawa (Rtd.), expressed gratitude to President Bola Ahmed Tinubu for the confidence reposed in them through their appointment.

He assured that the Board is committed to constructive engagement and will work harmoniously with Organised Labour.

Major General Bindawa acknowledged the weight of responsibilities entrusted to the Board, which include overseeing salaries, wages, incomes and productivity — key areas that affect workers’ welfare and the delivery of quality public service.

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