According to a letter dated January 23, 2020 and addressed to the Chairman of the All Progressives Congress (APC), in Oyo state, Chief Akin Oke, the IGP asked him to liaise with the Commissioner of Police to facilitate the implementation of the legal opinion of the Minister of Justice and Attorney-General of the Federation (AGF), Mr. Abubakar Malami SAN.

It would be recalled that the AGF had earlier sent an official memo to the Peoples Democratic Party (PDP) led Oyo state government to demand the dissolution of the local government caretaker committees and the reinstatement of the democratically elected council chairmen that were illegally sacked within hours of Governor Makinde resuming office.

The IG’s letter titled “Re: Unconstitutionality of Dissolution of Elected Local Government Councils And Appointment Of Caretaker Committees: The Urgent Need For Compliance With Extant Judicial Decisions” has directed the Commissioner of Police to take actions and implement the legal opinion of the AGF.

The letter signed by the Principal Staff Officer to the Inspector-General of Police ,DCP Idowu Owohunwa,  was in response to a petition by the Oyo APC Chairman.

“Your letter dated 23, January, 2020 on the above underlined subject, refers. I am to inform you that the Inspector-General of Police has directed the Commissioner of Police, Oyo State to initiate appropriate actions in line with the legal opinion of the Attorney-General of the Federation and Minister of Justice on the matter. You may accordingly, liaise with him to facilitate”, the letter reads.

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SME’s have a large and growing impact on GDP in emerging markets and are a key source of job creation. Strengthening Africa’s infrastructure is critical for development as it is through this that African countries become more competitive at a global level. With this increased capacity, AGF will be able to support larger local currency transactions for SMEs involved in infrastructure.

Over the past 6 years, AGF has led the guarantee market in Africa by issuing financial guarantees to a tune of USD 690 million. This has enabled its partner financial institutions to issue loans estimated at USD 729 million to about 7600 African SMEs. GuarantCo is part of the Private Infrastructure Development Group, (PIDG), and is a global guarantee fund that has issued over USD 900 million of guarantees since inception in 2005 with a mandate to enable local currency finance for infrastructure.

While commenting on the GuarantCo AGF partnership, Felix BIKPO, AGF’s Chief Executive Officer stated, “AGF is glad to be joined by GuarantCo in bridging the infrastructure financing gap. This partnership aims to put in place an even stronger collaboration that will work on the entire value chain of infrastructure projects in Africa. We are looking forward to supporting other SMEs that work with key players in the infrastructure sector.”

Lasitha PERERA, GuarantCo’s Chief Executive Officer said “We are delighted to be able to partner with the African Guarantee Fund and increase support to SMEs active in the infrastructure sector in Africa. This collaboration between two local currency focussed guarantors offers the potential for us to engage local financial institutions and investors in financing the entire value chain in an African infrastructure project.”

The transaction will enable AGF and GuarantCo to explore further partnership opportunities of working together in contributing towards economic growth in Africa.

The post African SMEs Set to Benefit from USD 74M Guarantee first appeared on MegaIcon Magazine.

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According to Punch, the list was sent to the AGF’s office a fortnight ago. It comprised 103 high-profile cases.

Those on the list, it was learnt, include top-ranking judicial officers, including a justice of the Supreme Court, a judge of the Federal High Court, and a sacked justice of the Court of Appeal.%0 former governors, one of whom is currently serving as minister in the President Muhammadu Buhari’s cabinet, and others serving their terms in the Senate.

Other politically- exposed persons named in the list are some former ministers, senators and some persons being investigated for the $ 2 .1 billion arms purchase scam.

The AGF had written separate letters to the EFCC and the ICPC requesting the case-files of 31 former governors being investigated or prosecuted by the anti-corruption agencies.

The post EFCC finally releases list of high-profile cases to AGF first appeared on MegaIcon Magazine.

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