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CBA Foundation says man’s inhumanity to man is at its worst in the way in-laws treat widows

After Mrs kumbaya (name changed to protect her identity) lost her husband at work in 2005, she was accused of killing him. The accusation did not come from her husband’s brothers but his sister, who had earlier lost her own husband. It took the combined hard work of the brothers to get their sister off the back of her fellow widow. They told their sister pointedly that she too could face the same accusation she was levelling against their sister-in-law, since her husband was deceased too.This real incident underlines one of the greatest puzzles of the twenty-first century: How people who themselves or their mother or children or relatives are victims or could be victims of the dehumanising treatment of widows condone, live with, encourage and perpetuate the horrendous denigration inflicted on widows by their in-laws. The continued existence of this kind of situation of dog eat dog, or rather man’s inhumanity to man, makes one wonder if Aristotle also considered (Nigerian) in-laws when he asserted that man is a rational animal. There is absolutely nothing rational about the dehumanisation widows are subjected to by their in-laws in this clime.A man, who through marriage has become one with the woman he marries, dies, leaving behind his wife and five children (three boys and two girls – this fact is only being added to show that the gender of the children may not even be a factor in how the widow is treated). Almost immediately his siblings and other blood relatives swoop on whatever assets of his they can lay their hands on. If a family meeting is convened, it is not to discuss the welfare of their late brother’s wife and children, who all bear the family name as part of their extended family. No, that is an agenda item for meetings convened by angels, not in-laws of widows. What in-laws of widows convene family meetings for is to make sure they have not missed out any of the assets their late brother could have had. That is how kind in-laws are to a widow.If Mrs Kumbaya thought her case was going to be different because her brothers-in-law defended and protected her from their sister, then she apparently may have ascribed angelic virtues to her husband’s brothers. For, as it turned out, that act of defence and protection from their sister was the only kindness the brothers of Mrs Kumbaya’s late husband extended to her. They never helped or asked after her and her children’s welfare after that. Not even when things became so difficult that she could no longer pay her house rent and ended up on the street.Maybe Mrs Kumbaya should even count herself lucky. Stories abound of widows who had been abused, molested, raped or “shared” by in-laws as part of the property left behind by their late brother. There are stories of widows, falsely accused of killing their husbands, being locked up by in-laws in police cells and the keys thrown into the sea, as it were. What about widows forced to drink the water used to wash the corpse of their husband as proof that they had no hand in their husband’s death. Or the ones forced to spend days and nights in the same room with the corpse of their husband.Nigeria is not exactly a safe haven for women. What with the prevalence of harmful cultural orientations and practices against the female gender, such as preference of the male child to the female child, female circumcision, FGM (female genital mutilation), forced marriage and denial of inheritance, succession and other rights the male gender takes for granted. Generally, Nigeria is not a friendly environment for women, least of all widows considered to be a highly vulnerable group. In fact, Nigeria is said to be one of the least safe places for women in the world with a survey by the Thomson Reuters Foundation conducted in 2018 ranking Nigeria as the ninth most dangerous country in the world for women.The dehumanising treatment of widows is part of what the Violence Against Persons (Prohibition) Act, passed in 2015, was intended to stop. The Act, more commonly referred to as the VAPP Act or law, categorises emotional, verbal and psychological abuse as offences and is considered by many legal experts and advocacy groups to be a comprehensive tool for addressing all forms of violence and abuse against all persons. The law seeks to do so by providing maximum protection from violence of various forms against all persons irrespective of tribe, socio-economic class, religion and gender and offering effective remedies (financial compensation) for victims of violence and appropriate punishment (globally acceptable deterrents) for offenders.It is not known how much of the general population, including in-laws who routinely dehumanise widows, is aware of the VAPP law. While ignorance of the law offers no excuse in a court of law, it is imperative that more enlightenment be created on the existence of the VAPP Act and all its provisions against many of the inimical practices that in-laws perpetrate against widows in the name of culture. Maybe, just maybe, some in-laws, who are themselves uncomfortable with those practices but take part because of family and community pressure, could be emboldened by knowledge of the Act to become advocates and campaigners against such practices.Back to Mrs Kumbaya, for those concerned about her and what must have happened to her after she ended up on the street. They can heave a sigh of relief that the good Lord sent his angel in the form of the Chinwe Bode-Akinwande Foundation (CBA Foundation) and they took her off the street. Mrs Kumbaya now lives in an apartment rented for her by the Foundation, which also supplied her a mattress, other household items and food stuff.The CBA Foundation, founded in 2015, the same year the VAPP Act was enacted, is a strong advocate for the enforcement of the Act. Along other civil society groups, it is pushing for the domestication of the Act in states of the federation that are yet to enact a similar act. Rigorous enforcement of the VAPP law across the federation will undoubtedly accelerate the mission of the Foundation, which is to promote “the protection of [underprivileged] widows and their vulnerable children in Nigeria, to promote immediate and lasting hope, confidence and courage in their lives.” The Foundation pursues its mission under its 5-point agenda of women empowerment/capacity building, health intervention, nutrition, quality basic education and a self-employment scheme.This piece is not intended to demonise in-laws. The writer is himself an in-law by multiples. It is to call for a change of heart and attitude in society, particularly among in-laws, towards widows, knowing that we, our mothers, daughters, neighbours, friends are or could become widows. In-laws should join public-spirited people across the country in supporting the CBA Foundation in its advocacy for enforcement of the VAPP law and in providing succour for underprivileged widows and their vulnerable children. There are many Mrs Kumbayas out there but the resources and reach of angels such as CBA Foundation are limited. Men and women of goodwill, including in-laws who have now seen the light, can extend the Foundation’s resources and reach by supporting it in its mission. Contact the Foundation today by sending an email to them at: [email protected].
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National Credit Guarantee Company Limited: Powering Inclusive Growth Through Risk-Sharing Guarantees

The National Credit Guarantee Company Limited (“NCGC” or the “Company”) is set to commence operations on 01 July 2025, as a specialised financial institution established to unlock access to credit and drive inclusive economic growth across Nigeria’s real economy. With an initial capital commitment of ₦100 billion, recently announced by President Bola Ahmed Tinubu, the NCGC is positioned to reshape how Micro, Small and Medium Enterprises (MSMEs), manufacturers, and strategic sectors access much-needed financing.
For decades, Nigerian businesses especially micro, small and medium scale enterprises have faced significant challenges accessing loans due to collateral barriers and high-risk perception. NCGC is bridging that gap. By providing partial credit coverage, the company will offer banks and other financial institutions a safety net, allowing them to lend more confidently to eligible borrowers, particularly in underserved and high-growth sectors.
NCGC does not lend directly to businesses. Instead, it partners with Participating Financial Institutions (PFIs) including commercial banks, microfinance banks, fintechs, CBN-licensed institutions and other development financial institutions to share lending risk and support broader financial inclusion. The model is simple but powerful: enable lenders to do more by reducing the risk that prevents them from reaching viable, underfunded borrowers.
Key Beneficiaries
NCGC’s framework targets a wide range of beneficiaries:
· MSMEs across all regions
· Local manufacturers and value chain operators
· Credit consumers
· Youth and women-led enterprises
· Export-oriented and non-interest-based businesses
· Large enterprises within priority sectors
Our Core Services
NCGC offers three primary services:
· Partial Credit Guarantees – Covering up to 60% of outstanding principal on qualifying loans.
· Co-Guarantees – Collaborating with other institutions to jointly share lending risk.
· Technical Assistance – Providing capacity-building support for lenders and borrowers to enhance credit readiness and portfolio quality.
Guiding Principles
The company’s operations are underpinned by globally accepted credit risk-sharing principles:
· Risk-sharing, not risk transfer
· Strategic issuance to preserve borrower discipline
· Tiered eligibility to promote inclusion and developmental impact
· Full alignment with CBN regulations
These principles ensure every guarantee issued is responsible, irrevocable, and impact-driven.
Product Suite
NCGC offers a diverse set of guarantee products:
· Individual Guarantees – For high-value, project-specific loans.
· Portfolio Guarantees – For pool of loans in homogeneous sectors (e.g., agro-processing, creative economy).
· Performance Bond Guarantees – For businesses seeking to meet contract-based obligations.
Sectoral Coverage
Our guarantees are available across critical sectors including:
· Agriculture & Agribusiness – From inputs to processing and logistics.
· Renewable Energy & Green Economy – Including solar, clean tech, and mini-grids.
· Manufacturing & Infrastructure – Targeting value-added production and light industry.
· Digital & Tech Enterprises – Including startups, fintechs, SaaS, and logistics tech.
· Solid Minerals and Metal – Metal fabrication, recycling, beneficiation, coating, etc.
· Textile – Fashion, leather works, jewelry
· Export-Oriented SMEs – Especially in non-oil sectors.
· Women & Youth Enterprises – Including all women-owned businesses (promoter age not more than age 65).
· Islamic Enterprises (coming soon) – Non-interest, Shariah-compliant financing models.
A New Era of Credit Confidence
NCGC is more than just a financial institution; it is a catalyst for Nigeria’s economic transformation. By incentivizing lenders to serve more businesses safely and sustainably, NCGC is enabling job creation, driving productivity, and fostering a more self-reliant economy.
Its operational model is built to:
· Unlock access to finance for real sector growth
· Create jobs and alleviate poverty
· Drive inclusive economic outcomes
· Strengthen the MSME ecosystem
· Build trust and scale in Nigeria’s credit markets
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Ecobank Adire Lagos Exhibition Fair Opens in Grand Style … Dignitaries Grace the Venue

Left: Founder, Chief Responsibility Officer, Ruff ‘n’ Tumble/ Founder, Betti-O School of Fashion, Adenike Ogunlesi; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal and Lagos State First Lady, Her Excellency, Dr. Ibijoke Sanwo-Olu at the ongoing Adire Lagos Exhibition Fair holding at Ecobank Pan African Centre, Lagos
Ecobank Nigeria has officially launched the much-anticipated fourth edition of its Adire Lagos Exhibition Fair, a vibrant cultural and commercial event dedicated to promoting Nigeria’s indigenous fashion industry and supporting Small and Medium Enterprises (SMEs). The four-day fair runs from June 5 to 8, 2025, at the Ecobank Pan African Centre, 270B1 Ozumba Mbadiwe Avenue, Victoria Island, Lagos. Visitors are welcomed daily from 10:00 AM.
Over 130 vendors are showcasing a diverse range of Adire designs, fashion items, and lifestyle products. The fair attracts a wide audience, including fashion enthusiasts, cultural professionals, creatives, entrepreneurs, and shoppers from across Nigeria and beyond.
Notable dignitaries who have so far graced the fair include the Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka, who represented the Lagos State Governor, Babajide Sanwo-Olu; Lagos State First Lady, Her Excellency Dr. Ibijoke Sanwo-Olu; the wife of the former Ekiti State Governor,Erelu Bisi Fayemi ; Ogun State Commissioner for Women Affairs and Social Development, Mrs. Adijat Motunrayo Adeleye-Oladapo; former Chairman of Ecobank Transnational Incorporated, Emmanuel Ikazoboh; founding President of the FinTech Association of Nigeria (FANI), Dr. Segun Aina; and the owner of Nike Art Gallery, Nike Davies-Okundaye, among others.
Omoboye Odu, Head of Small and Medium Enterprises at Ecobank Nigeria, expressed delight at the strong turnout, stating, “This year’s exhibition promises a dynamic blend of established brands and emerging designers who embody innovation, cultural pride, and export potential.” She further emphasized the fair’s role as a major Corporate Social Responsibility (CSR) initiative by Ecobank.
“The Adire Lagos Exhibition Fair is a key CSR initiative, offering SMEs a platform to showcase their products free of charge while fostering economic growth and national unity. Last year’s event attracted over 20,000 visitors in four days, with one vendor making N30 million in sales—equivalent to six months’ revenue—demonstrating the fair’s strong commercial potential.”
Exhibitors also praised the growing appeal of Adire designs. Ms. Fadilat Lawal, Managing Director of Sanyaolu Trading Stores, Abeokuta, highlighted the durability and cultural symbolism of Abeokuta Adire. Ms. Cynthia Uma, Creative Director of Cecesignature Unisex Clothing, Lagos, emphasized Adire’s growing global recognition as a revenue driver for her business.
The Adire Lagos Exhibition Fair continues to serve as a premier platform for celebrating Nigeria’s cultural heritage while empowering local artisans and entrepreneurs to thrive.
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3.214 billion shares : Continuation From Print Nigerian stock market sees significant dip in transactions

Stock market investors traded 3.214 billion shares worth N76.348 billion in 64,156 transactions on the floor of the Exchange during the week.
This is compared to 3.794 billion shares valued at N119.394 billion that exchanged hands last week in 89,636 deals.
Consequently, the value of transactions traded by investors on the Exchange dropped by 56.4 per cent.
Meanwhile, market opened for four trading days during the week as the Federal Government declared Friday, June 6 and Monday, June 9, as public holidays to commemorate 2025 Eid-el-Kabir celebration.
The Financial Services led the activity chart with 2.313 billion shares valued at N52.241 billion traded in 27,326 deals.
This contributed 71.96 per cent and 68.43 per cent to the total equity turnover volume and value respectively.
The ICT industry followed with 301.996 million shares worth N5.026 billion in 4,137 deals.
The third place was the Consumer Goods Industry, with a turnover of 144.538 million shares worth N5.632 billion in 8,093 deals.
Trading in the top three equities namely Fidelity Bank Plc, Legend Internet Plc and Guaranty Trust Holding Company Plc accounted for 1.545 billion shares worth N34.446 billion in 4,939 deals.
This contributed 48.06 per cent and 45.12 per cent to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalisation appreciated by 2.57 per cent to close the week at 114,616.75 and N72.275 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat.
Fifty-three equities appreciated in price during the week, lower than 56 equities in the previous week.
Forty-three equities depreciated in price, lower than 44 in the previous week, while 52 equities remained unchanged, higher than 48 recorded in the previous week.
The top five decliners for the week are: Associated Bus Company, Julius Berger, Legend Internet, Livestock Feeds and E-Tranzact International as they lost 55k, N18.50, 82k, N1.15 and 80k respectively.
Oando Plc, Lasaco Assurance Plc, Multiverse Mining, Cornerstone Insurance and First Holdco were the top five gainers for the week, as they grew in 25.77 per cent, 21.62 per cent, 20.39 per cent, 19.51 per cent and 17.60 per cent respectively.
The companies gained N11.65, 56k, N1.55, 64k and N4.40 respectively.
The May 2025 Issue of the Federal Government of Nigeria,Savings Bonds were listed on the Nigerian Exchange Ltd on Thursday
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