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AfDB President, Adesina urges Canada to be present at Africa’s investment table

African Development Bank (AfDB) President. Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto. Promoting the Bank’s upcoming Africa Investment Forum (AIF), scheduled for 7-9 November 2018 in Johannesburg, South Africa, Adesina said, “Canada must not be missing at Africa’s investment table. It is time to change the lens through which Africa is perceived and to make clear distinctions between perceived and real risks.” AIF will bring together global private capital and investment funds, sovereign wealth funds and the private sector, for what is primarily being billed as a transactional marketplace to bridge Africa’s $68 – $170 billion infrastructure gap. Stella Kilonzo, Senior Director of the Africa Investment Forum; Timothy Turner, African Development Bank Group Chief Risk Officer; Garreth Bloor, Managing Director, Glenheim Venture Capital; Chris Clubb, Managing Director, Convergence Blended Finance; Hakan Gunay, Senior Director of Finance, Skypower Global, were among panelists discussing investment and blended finance options in Africa at the event. Addressing participants, Bank Executive Director, David Stevenson explained that the Forum was “about deals and getting things done and not a talk shop.” Adesina, who is leading a high-level delegation alongside Stevenson, Executive Director for Canada, China, South Korea, Kuwait and Turkey, also met with Reeta Roy, President/CEO of the MasterCard Foundation, to discuss synergies for supporting youth employment and access to finance for women entrepreneurs in Africa. Earlier in Ottawa on Tuesday, Adesina announced a $1 billion synthetic securitization transaction at Canada’s National Press Theater. Although securitization is routine for commercial banks, it is cutting-edge for development finance institutions. The African Development Bank is the first Multi-Lateral Development Bank (MDB) to use this game-changing innovative financing mechanism. Room2Run, structured as an impact investment, will enable the Bank to increase its lending to spur economic development and social progress across the continent. “Africa has the most promise, the greatest natural resources, and the world’s youngest population. But we also have the world’s most persistent infrastructure deficits. The African Development Bank has the strategy to address these infrastructure finance gaps—and Room2Run gives us the capacity to make it happen,” Adesina said. The landmark transaction was concluded with the Mariner Investment Group and Africa50. At Global Affairs Canada (GAC), Adesina exchanged views with Diane Jacovella, Deputy Minister of International Development and Leslie E. Norton, Assistant Deputy Minister, Sub-Saharan Africa Branch at Global Affairs. The two parties explored areas for further partnership between the Bank and Canada, including support for the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative. In a keynote address at the Global Affairs Canada in Ottawa on Africa’s economic situation, President, Adesina said, “Some ask the question whether the Africa rising story is over. Well I don’t think Africa was ever down.” Adesina told partners and employees of Global Affairs, “The continent is not different from other parts of the world that pass through episodes of growth spurts and dips. The narrative on Africa should not be determined outside of Africa. Africa must control its own narrative,” he noted. The event was hosted by David Morisson, Canada’s Deputy Minister of Foreign Affairs. Later, meeting with African ambassadors, the Bank President commended Canada’s leadership role in helping advance Africa’s economic agenda. He acknowledged the ambassadors’ collective commitment and support in promoting Africa as an investment destination of choice. Adesina wrapped up the Ottawa stop with a bilateral meeting with Jim Carr, Canada’s Minister of Internal Trade Diversification, where he again made the case for increased investment on the continent and urged Canada to look to Africa as a new trade destination in line with its diversification agenda. |
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Alleged KGB Infiltration: Police in Dilemma as Senator Natasha Abandons Petition, Snubs Summons

The Nigeria Police Force appears to be in a quandary over its investigation into the alleged infiltration of the National Assembly by Russia’s KGB (Komitet Gosudarstvennoy Bezopasnosti), the former Soviet security agency.
Checks revealed that the police had invited the Senator representing Kogi West, Sunday Karimi, for interrogation following a petition filed by his colleague, Senator Natasha Akpoti-Uduaghan of Kogi Central.
In the petition dated March 5, 2025, Akpoti-Uduaghan, who is currently serving a six-month suspension from the Senate, urged the police to investigate Karimi’s claim that the KGB had infiltrated the National Assembly, posing a serious threat to Nigeria’s democracy.
She specifically alleged that Senator Karimi had circulated a report titled “KGB Agent Group Warns Senate: A Call for Vigilance Amidst Threats to Democracy” on the official WhatsApp group of the 10th Senate on February 23, 2025.
Describing the claim as a matter of national security, Akpoti-Uduaghan insisted that the alarm raised by Karimi should not be taken lightly. “No nation can afford to ignore the presence of such a group within its legislative body,” she emphasized in her petition.
Karimi Appears Before Police, Natasha Recoils
Further investigations revealed that Senator Karimi honored the police invitation on Monday, appearing at the Force Headquarters in Abuja to clarify his position.
Sources within the police described his session as “positive and insightful,” revealing that he admitted to sharing the report in question. However, the police were reportedly taken aback when Senator Akpoti-Uduaghan distanced herself from the petition and ignored requests to appear for questioning.
“We reached out to her after our session with Senator Karimi, expecting her to provide further clarification, but she has continuously ignored our invitation,” a senior police source disclosed.
“What is disturbing is how she suddenly abandoned such a serious petition against her colleague. First, she claimed to be outside the country, but a viral video has since surfaced showing her in her constituency. It is difficult to reconcile her claims with the information available to us,” the source added.
The police official, who spoke on condition of anonymity, further hinted at possible political undertones behind the petition.
“We do not want to meddle in the ongoing power play within the Senate. However, it would be scandalous if she attempted to use the police as a tool in her political battles.”
When asked about the possible next steps, the source stated that his superiors would determine the fate of the petition, which he described as “frivolous.”
News
Twelve Inmates Escape in Kotonkarfe Jailbreak

Twelve inmates have escaped from the Federal Correctional Centre in Kotonkarfe, Kogi State, following an early morning jailbreak on Monday.
Confirming the incident, the Kogi State Commissioner for Information, Kingsley Fanwo, described it as “unfortunate” and assured the public that the government, in collaboration with security agencies, was taking measures to prevent a recurrence.
According to Fanwo, law enforcement officers have already re-arrested one of the escapees.
“The theory that the inmates escaped through the tower without causing any structural damage raises serious concerns. This calls for a thorough investigation to determine the exact circumstances of the escape, arrest the fleeing inmates, and identify possible saboteurs within the system,” he stated.
The commissioner further disclosed that Governor Usman Ododo has directed security agencies to ensure that such breaches do not happen again.
“We call on the public to report any suspicious individuals in their communities. Anyone found harbouring an escaped inmate will be held accountable,” Fanwo warned.
Reassuring residents, he added: “There is no cause for panic. We encourage citizens to go about their daily activities as normal, knowing that the security of lives and property remains our top priority.”
Authorities have yet to disclose further details about the escapees or ongoing efforts to apprehend them.
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Trump Ends Legal Status for Over 500,000 Immigrants, Orders Mass Expulsions

The United States has announced the termination of legal status for over 500,000 immigrants, ordering them to leave the country within weeks, as President Donald Trump pushes forward with what he calls the largest deportation campaign in American history.
The sweeping directive, issued on Friday, affects approximately 532,000 Cubans, Haitians, Nicaraguans, and Venezuelans who arrived under a programme launched by Trump’s predecessor, Joe Biden, in October 2022 and later expanded in January 2023.
According to the Department of Homeland Security (DHS), the affected immigrants will lose their legal protections 30 days after the order is published in the Federal Register on Tuesday. This means they must leave the United States by 24 April, unless they secure another immigration status permitting them to stay.
Welcome.US, an organisation that supports asylum seekers, has urged those impacted to “immediately” seek legal counsel regarding their options.
A Reversal of Biden’s Immigration Policy
The Processes for Cubans, Haitians, Nicaraguans, and Venezuelans (CHNV) programme, introduced in January 2023, allowed up to 30,000 migrants per month from these nations to enter the United States for two years. The initiative was designed to offer a “safe and humane” alternative to the dangerous crossings at the US-Mexico border, which had seen a surge in arrivals.
However, the DHS reiterated on Friday that the programme was never meant to provide permanent residency.
“Parole is inherently temporary, and parole alone is not an underlying basis for obtaining any immigration status, nor does it constitute an admission to the United States,” the agency stated.
Mass Deportations Under Trump
Trump, who has made immigration control a cornerstone of his presidency, has vowed to crack down on migrants—particularly those from Latin America.
Last week, he invoked rare wartime legislation to deport more than 200 alleged members of a Venezuelan gang to El Salvador, a country that has controversially offered to imprison both migrants and U.S. citizens at a discounted rate.
The latest order signals Trump’s intent to follow through on his hardline immigration policies, raising concerns among human rights advocates about the humanitarian impact of such mass deportations.
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