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NSIA Has Developed 500,000 homes For Low-income Earners – Managing Director

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By Gloria Ikibah
Managing Director of the Nigeria Sovereign Investment Authority, Aminu Umar-Sadiq, has said that the agency has developed 500,000 affordable homes to low-income families in Nigeria, through the Family Homes Fund.
The NSIA MD who stated this when members of the House Committee on Finance visited the agency on oversight duty on Wednesday, said that the NSIA had in 12 years, created 245,000 direct jobs across the diverse sectors of the economy as part of its contribution to national development.
Umar-Sadiq said about 236,000 farmers spread across the six geo-political zones of the country were supported through the implementation of the agency’s agricultural programmes.
He said, “Through its stake in Family Homes Fund, NSIA has significantly improved the quality of life of Nigerians from low-income families through the development of 500,000 affordable homes to low-income families in Nigeria.
“Additionally, NSIA continues to demonstrate its commitment to positive socio-economic outcomes through key platforms like the Nigerian Mortgage Refinance Company, through which it improves the liquidity of the mortgage market to further promote affordable housing in Nigeria.
“To revalidate its commitment to climate adaptive solutions, NSIA set up an innovative $500m Renewable Investment Platform for Limitless Energy to expand energy access, enhance energy efficiency and ensure energy security in Nigeria.
“RIPLE’s pilot initiative involves setting up a generation and distribution system to meet 70MW of unsuppressed energy demands in an area covering 9,000 connections.
“Through these interventions across key sectors, NSIA’s continues to enhance prevailing socio-economic reality and create value for the current and future generations of Nigerians.”
On Healthcare delivery, the MD stated that the agency had successfully completed three hospital projects with over 282,100 unique patients attended to and 150,000 chemotherapy sessions delivered since its establishment 12 years ago.
“Following the successful operationalisation of its three demonstration projects: NSIA-LUTH Cancer Centre, NSIA-Umuahia Diagnostic Centre and NSIA–Kano Diagnostic Centre; NSIA has commenced the healthcare expansion programme which aims to establish 23 modern medical diagnostic centers, three additional oncology centres and 7 catheterisation laboratories across the six geopolitical zones of Nigeria.
“The first phase of the programme is currently under way with the construction of 10 centres,” he added.
The Deputy Chairman, House Committee on Finance, Rep. Saidu Abdullahi, speaking with journalists that the visit was the first to the agency.
He said: “Year in, year out, we have always had huge deficits which made financing major projects in the country difficult. Nigeria has greater potential than what is going on in the country today and I hope we can close the gap. We have what it takes as a country and we cannot continue like this”.
He decried the non-profitability of sugar factories in the country, years after privitization.
He therefore directed the NSIA to increase its share of investment in agriculture, particularly in the sugarcane value chain, which according to him, is currently generating over $40bn annually for Brazil.

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38-Year-Old Islamic Teacher Remanded Over Alleged Defilement of Two Minors During Quranic Classes

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By Kayode Sanni-Arewa

An Islamic scholar in Adamawa State, 38-year-old Sagir Sani, has been accused of def+ling two female students aged 8 and 9.

Sani, who teaches at an Islamic school in Numan Local Government Area, allegedly took the two girls behind the school’s classrooms, where he reportedly sexually assaulted them.

According to the prosecuting police officer, ASP Zakka Musa, the teacher allegedly lured the victims to the secluded area before committing the offences.

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Sani was subsequently arraigned before Chief Magistrate’s Court I in Yola on charges including indecent treatment, sexual assault and defilement. The court ordered that he be remanded over the allegations.

The police prosecutor informed the court on Monday that the mother of one of the alleged victims reported the incident at the Divisional Police Headquarters in Numan on August 7, 2026.

According to the prosecutor, the woman alleged that the defendant, 38-year-old Sagir Sani, defiled the two girls while they were attending Quranic recitation classes.

When the charges were read and explained to Sani during his arraignment, he pleaded not guilty to the allegations.

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Following his plea, the prosecuting police officer requested an adjournment to allow the prosecution to forward the case diary to the state Department of Public Prosecutions for legal advice.

The court granted the application and ordered that Sani be remanded pending further proceedings.

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Terrorists are exploiting dead persons accounts, women’s details to fund attacks- NFIU

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The Nigeria Financial Intelligence Unit has revealed new tactics allegedly being used by terrorist financiers to move funds, including the use of bank accounts belonging to women and telephone lines registered in the names of deceased persons.

The revelation was contained in the NFIU’s 2025 Annual Report, which also identified crowdfunding, proxy accounts and remittance platforms as channels increasingly exploited to finance terrorist activities.

According to the report, foreign-based facilitators have been using social media to solicit donations purportedly meant for humanitarian or educational causes before routing the proceeds through several layers to operatives in Nigeria.

The agency said donors were often encouraged to make relatively small payments which were subsequently consolidated in accounts controlled by senior members of the networks.

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The funds were then split into smaller transfers and sent through international money transfer operators and remittance applications to individuals acting as money mules.

The NFIU identified students, small business owners and relatives among those allegedly used to receive the funds, which could later be converted to cash or used to acquire items such as motorcycles, fertiliser and satellite communication equipment.

The agency also raised concern over the use of women as fronts, saying terrorist financiers sometimes opened accounts in the names of wives, sisters or female associates while secretly controlling the cards, PINs and mobile banking credentials.

It added that pre-registered SIM cards and telephone numbers linked to deceased persons were being used for mobile banking and transaction alerts, making it difficult for investigators to establish the real beneficiaries of suspicious transactions.

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The report further noted that some terrorist cells, including those linked to the Islamic State West Africa Province, employed coded or seemingly ordinary transaction descriptions to conceal the purpose of payments and evade automated banking filters.

Security analysts subsequently urged financial institutions and intelligence agencies to strengthen identity verification, intelligence sharing and tracking of illicit financial flows.

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Akpabio felicitates Sultan of Sokoto at 70, hails his legacy of peace, statesmanship

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The President of the Senate, Senator Godswill Obot Akpabio, has congratulated the Sultan of Sokoto and President-General of the Nigeria Supreme Council for Islamic Affairs (NSCIA), His Eminence, Alhaji Muhammad Sa’ad Abubakar III, CFR, mni, on the occasion of his 70th birthday.

In a congratulatory message through his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh, the President of the Senate described the revered Islamic leader as an exemplary statesman whose life has been defined by service, wisdom, faith and an unwavering commitment to the peace, unity and progress of Nigeria.

Senator Akpabio commended the Sultan’s distinguished reign, noting that his leadership has consistently reflected grace, wisdom, courage and a profound sense of responsibility to the nation.

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“Your reign as the Sultan of Sokoto has been defined by grace, statesmanship and an unwavering commitment to peace, unity and national cohesion. At 70, you remain a father to all and a moral compass for our nation.

“Today, we celebrate not merely the years you have attained, but the remarkable impact of your life and leadership. The bridges you have built across our diverse nation, your advocacy for good governance, peaceful coexistence and national unity, as well as your commitment to the dignity and welfare of all Nigerians, constitute a remarkable legacy of service.

The President of the Senate further acknowledged the Sultan’s influential role in promoting interfaith dialogue, peaceful coexistence and national reconciliation, stressing that his voice of wisdom and moderation remains invaluable at a time when Nigeria needs greater understanding, tolerance and unity.

Senator Akpabio, on behalf of his family, constituents and the 10th Senate, prayed Almighty Allah to grant the Sultan many more years in good health, wisdom and strength, so that he may continue his noble service to the Ummah and the Federal Republic of Nigeria.

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“As you mark this significant milestone, may Almighty Allah continue to preserve, strengthen, and bless you with many more years of good health and fulfilment. May your reign continue to be a source of peace, wisdom and inspiration to the Ummah and to our beloved Nigeria.”

Happy 70th Birthday, Your Eminence. May Allah continue to bless and preserve you in His service and in the service of humanity and our nation.

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