Economy
AfDB Nigeria country office gets new DG

The African Development Bank (AfDB) Group has appointed Mr Lamin Barrow as the new Director General, Nigeria Country Office, effective from July 1, the AfDB announced in a statement on Wednesday.
Barrow, a Gambian national, who joined the bank in 2000 was prior to his appointment, the Acting Senior Director, Nigeria Country Office, in the Regional Development, Integration and Business Development Vice Presidency.
Commenting on the appointment, President of the Bank, Dr Akinwumi Adesina described Barrow as a seasoned professional “with a proven track-record in strategic management, country dialogue, portfolio management, negotiations and building partnerships”.
“The Nigeria Country Office is strategic for the bank, as it manages a large country portfolio and operates with State governments and the private sector.
“Lamin’s extensive managerial experience, knowledge in operations, and excellent diplomatic skills in government relations at the highest levels, will help to deepen our operations and engagements with the government and partners in Nigeria.”
Reacting to his appointment, Barrow said: “I am grateful to President Adesina for this appointment, which provides a great opportunity to further contribute to his bold vision to position the bank as a partner of choice and deliver on the High-5 strategic priorities in this important Regional member country, which is key to realising Africa’s development aspirations.”
Since joining the bank, he had served variously as Senior Financial Analyst, Infrastructure Department; Principal Country Programme Officer, Rwanda Country Office; and Resident Representative in Ethiopia, overseeing a portfolio of $1.2 billion dollars.
In 2013, he was appointed Manager, Operations, Technical Support and Regional Approaches in the Transition States’ Support Department.
From 2013 to 2017, he was Manager, Cabinet Office of the President with the rank of Director.
Subsequently, he served as Director, Joint Secretariat Support Office of the bank, African Union Commission (AUC) and the United Nations Economic Commission for Africa (UNECA).
During his career, Barrow has also served as Task Manager for the New Partnership for Africa’s Development (NEPAD) Infrastructure Project Preparation Facility from 2005 to 2006.
As Officer-in-Charge, he helped to establish and operationalise the bank’s Kenya Country Office from 2006 to 2007.
Prior to his career at the bank, Barrow had worked at the Gambia National Investment Board as Head of the Project Development Unit, Investment Promotion Division, and Division Manager, Export Promotion and Development.
He also served as Principal Economist from 1991 to 1992, Policy Analysis Unit in the Office of the President, Republic of The Gambia, before joining the Company for Habitat and Housing in Africa (Shelter-Afrique), where he held various positions between 1994 and 2000.
Lamin holds a Masters in Economic Policy degree from Boston University, USA and a B.Sc. from the University of Ibadan, Nigeria.
He is also an alumnus of executive programs in finance at the Wharton Business School, University of Pennsylvania, USA, and investment and risk analysis from Queens University, Canada. (NAN)
Economy
Niger Delta Youth Turn down Calls for Protest against NDDC Management

The Niger Delta Youth Council (NDYC) Worldwide has rejected in strong terms, calls by the Coalition of Niger Delta Civil Society Organisations in conjunction with Ex-millitant Forum for a nationwide protest against leadership of Dr. Samuel Ubuku and Mr. Chiedu Ebie; Managing Director and Board Chairman of the Niger Delta Development Commission (NDDC) respectively.
The group in a letter addressed to President Bola Ahmed Tinubu accused the Managing Director of mismanagement, lopsided projects and contracts while calling for the sack of the Chairman of the Board whose appointment they claimed contravened the NDDC Act.
But the NDYC in a strongly worded rebuttal, signed by the trio of Engr.Jator Abido, Comr Collins Achakpekri and Engr. Beke Apere; National Coordinator, Director of International Relations, and Chairman Board of Trustees respectively, copies of which were made available to journalists in Abuja, debunking the allegations made against the NDDC management by persons they described as enemies of the region who want to slow the wheels of progress under the current NDDC leadership.
“It is utterly callous and blatant falsehood to cast the administration of Dr. Samuel Ubuku and Mr Chiedu Ebie in bad light simply because your selfish and parochial interests are not accommodated in the grand scheme of affairs at the Commission.
“For the records, those parading themselves as members of civil society organisations in the region and ex-agitators are ignorant of the challenges of the region and do not represent the true spirit of the Niger Delta. They’re an obscure bunch who are out to profit from the resources of the region without a genuine concern for its people.
“As true representatives of our people, we make bold to say that Dr. Samuel Ubuku remains the best NDDC Managing Director to have emerged since the creation of the Commission. He has carried everybody along in appointments and the distribution of projects. Anybody who feels otherwise is a saboteur and shouldn’t be taken seriously.
“It is also laughable that someone in their right thinking will question the appointment of a bona fide Niger Deltan into a Commision set up for the development of the region simply because the appointee does not come from a community that produces crude oil.
“This warped thinking doesn’t belong to the human specie and should be disregarded. Those who only seek to divide using parochial yardsticks and sentiments should not be dignified with a response. We, therefore, distance ourselves from such persons and want Nigerians to pay deaf ears to their rants”, the release stated.
The youth group finally vowed to resist attempt by sponsored goons to throw the region into needless crisis and pledged to mobilise their members across all the states that make up the region to stage a solidarity match for the NDDC management on the same day those opposed to the development of the region are planning their protest.
“As patriots and law abiding citizens who are desirous to see mass development in the Niger Delta region, we cannot fold our arms and watch a faceless few throw our region into crisis. We shall therefore mobilise in en masse to stage a solidarity match on the 27th of February to counter our enemies and tell the world the truth about our region”, the release concluded.
Banking
Wema Bank unveils 80th Anniversary Identity

In preparation for its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled the identity for its 80th anniversary celebration.
Set for Friday, May 2nd, 2025, this grand anniversary would serve as the hallmark of Wema Bank’s 80-year journey of unmatched resilience, profound impact and notable transformation from being Nigeria’s oldest indigenous bank to becoming Nigeria’s foremost and leading innovative bank.
Wema Bank’s impressive 80-year legacy has been one exemplified by immense growth, with the Bank evolving intelligently through the decades, embracing innovation to break new grounds and raising the standards of banking and financial services to provide an unparalleled experience for its customers and stakeholders, both internally and externally. Now on the cusp of its milestone celebration of 80 years, Wema Bank stands at its all-time strongest, proving to be a formidable force in the African financial services industry.
All eyes are peeled in anticipation of what Wema Bank will bring on in the coming weeks, as its 80th anniversary celebrations begin to unfold.
Economy
EPL: Chelsea’s Reece James Suffers Fresh Hamstring Injury

Chelsea captain Reece James has been ruled out of Saturday’s Premier League match against Leicester City due to a hamstring injury.
The setback comes just weeks after James returned to action in October, following an earlier injury that kept him out at the start of the season. Chelsea manager Enzo Maresca confirmed the news on Thursday, expressing hope that the issue won’t result in a long-term absence.
“Reece felt something minor in his hamstring, and we don’t want to take any chances this weekend,” Maresca said. “Hopefully, it’s nothing serious, but he’ll need to sit out while we assess further.”
James, 24, has struggled with injuries over the past two seasons, raising concerns about his fitness. Despite this, Maresca remains optimistic that the England international will eventually move past his injury struggles.
Chelsea’s injury woes extend beyond James, with doubts also surrounding the fitness of Romeo Lavia, Malo Gusto, Wesley Fofana, and Jadon Sancho. Cole Palmer and Levi Colwill recently withdrew from England duty due to fitness issues, further compounding the club’s challenges.
This weekend’s fixture marks Maresca’s return to Leicester City, a club he led to Championship promotion last season before joining Chelsea. Reflecting on his time at Leicester, Maresca described it as a “fantastic season” and expressed gratitude for the connections formed with players and staff.
Chelsea fans will be hoping for a swift recovery for James and other key players as the team looks to stabilize its campaign.
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