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Experts Challenge Gov Kefas On Reviving Taraba microfinance Bank.

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By:Uhuru Samuel Adaji Jalingo

Financial experts in Taraba State, are seeking governor Agbu Kefas intervention to revive the liquidated Taraba State Microfinance Bank.

Investigation by our reporter shows that the circumstances that led to the closure of the bank was faulty and politically motivated as the last administration failed to adhere to the report submitted by a committee set up to investigate the activities of the financial institution and also a court order stopping the Central Bank of Nigeria (CBN) from liquidating the bank.

National Trail gathered that in May 2023 the CBN liquidated the Microfinance Bank and directed the Nigeria Deposit Insurance company (NNDIC) to sell off the assets of the bank.

But in swift reaction the Board of the bank approached the Federal High court Jalingo and also wrote the CBN in a letter dated 10th June 2023 challenging its decision.

These two efforts yielded positive results as the Federal High Court sitting in Jalingo gave CBN an interim injunction stopping the liquidation exercise pending the suit before it.

Also, the letter written by the board to the Central Bank of Nigeria was honoured as the Apex bank, in a letter dated 11th July 2023 directed the bank to recapitalised to the minimum capital requirement of N1billion to enable it operate a statewide microfinance bank

Also because the last financial statement submitted by the bank before the liquidation showed a net loss of Six Hundred and Ninety Million Two Hundred and Ninety thousand Naira (N690,290,000).

The apex bank requested the micro bank to recapitalizated One Billion, Six Hundred and Ninety Million, Two Hundred and Ninety Thousand.(N 1,690,290,000) to cover the minimum recapitalization requirement and the loss in the books of the bank.

Our investigation further reveals that the bank was given an initial window of Ten working days and weeks with another additional window of two weeks, however the first and second window elapsed without the state government taking advantage of it.

Financial experts in the state have continued to express concerns over the development, saying the lack of state owned Microfinance bank is causing the state to lose Billions of Naira.

Speaking to our correspondent the former Managing Director of the defunct bank, Nasiru Baba, said apart from denying rural communities in the state of assessing financial services the state is losing a lot of financial grants.

He said within this period, the CBN under the administration of President Bola Tinuba has given out billions of naira to support Micro funding through various Micro Finance Bank across the country, particularly to alleviate the suffering in the country, but Taraba State has not been benefiting from any of such intervention due to lack of state own Micro Finance Bank.

Mr. Baba then appealed to Governor Kefas, to intervene in saving the bank as CBN is willing to restore the license of the bank if the basic requirements are met.

Olayinka Gabriel, a Chartered Accountants and CEO Taraba Business School, said if the government is serious about resolving the crisis within the bank it can be resolved within 7 days.

“I have studied different reports concerning the bank and I have come to the conclusion that it is the political will of the Kefas led administration that can resolve the crisis of the bank.” He said

He said the state government needs to sit down with the dissolved board members and resolve all legal tussles.

According to him the bank currently has 18 different cases, two at the Supreme court, 6 at both Jalingo and Abuja federal High Court, and others at upper area court and Magistrate courts.

He said the withdrawal of these cases by both Taraba Investment and Properties Company and the board members of the bank will clear the way for the bank to recapitalise and explore its strategy.

Another Expert Maurice Agor who is the chairman of Taraba State chapter of the Institute of Chartered Accountants of Nigeria (ICAN), also said under the current situation the bank only needs a political solution to be revived.

“All the parties involved in the various legal tussles must be prepared to make sacrifices for the interest of the bank and its growth.

He said the CBN will not recognize any decision outside the one taken by the board, the board need to be reinstate, the government can ask the board members to resign with a promise of giving them another position into either board or parastatal or other political appointment, this way, a new board can be constituted with forward thinking individual that can move the bank forward.

He said anything outside a political solution will not solve the current problem of the bank.

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Hon. Jafaaru Yakubu Demands Urgent Action on Taraba Road Collapse

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Hon. Jafaaru Yakubu, Chairman of the House Committee on Nigeria-China Friendship, has issued a strong call for immediate government intervention following the collapse of the Bali-Suntai Road in Taraba State. His appeal comes two years after the Namnai Bridge in Gassol Local Government Area collapsed, a tragedy that remains unresolved and continues to haunt residents. Yakubu stressed that the latest disaster is not just an infrastructure failure but a humanitarian crisis that threatens livelihoods, education, and commerce across the region.The Bali-Suntai Road, particularly around the Zagah axis in Bali LGA, was washed away after heavy rains, leaving more than 300 vehicles stranded. Among them were heavy-duty trucks loaded with goods, buses carrying passengers, and smaller vehicles attempting to navigate the route. The collapse has paralyzed transport services, cutting off communities and disrupting trade. For traders, the losses are mounting daily as perishable goods rot in transit, while transport operators face financial ruin from halted operations. Ordinary citizens, meanwhile, are left stranded, unable to access markets, schools, or health facilities.In reinforcing Yakubu’s appeal, Alh. Abdulhamid Kungana, Director General of Campaign for Hon. Jafaaru Yakubu’s 2027 House of Representatives bid, underscored the urgency of the crisis, describing it as a ticking time bomb for Taraba’s economy and social fabric. He noted that the collapse has left communities isolated and vulnerable, with economic activities grinding to a halt. His intervention added political weight to Yakubu’s voice, framing the issue not only as a matter of infrastructure but as a test of governance and leadership. By aligning with Yakubu’s call, Kungana’s campaign leadership amplified the demand for swift and decisive action, signaling that the plight of Taraba’s people must be treated as a national priority.Yakubu emphasized that infrastructure is the backbone of economic and social life, and without functioning roads and bridges, communities are isolated, commerce grinds to a halt, and education suffers. His call is not just a political statement but a demand for urgent action that directly affects thousands of Nigerians. Residents have pleaded for swift repairs, warning that the situation will worsen as the rainy season continues. Traders fear that the collapse will lead to skyrocketing prices of goods and services, as supply chains remain disrupted. The prolonged neglect of the Namnai Bridge and now the Bali-Suntai Road highlights the urgent need for sustainable road maintenance policies in Taraba State.The combined voices of Yakubu and Kungana have transformed the crisis into a rallying point for accountability. Their united stance reflects a broader demand for government responsiveness, reminding leaders that infrastructure failures are not abstract statistics but lived realities for communities. The collapse of two critical transport routes within two years has left Taraba’s people in despair, and unless urgent steps are taken, the crisis will deepen, leaving the state further isolated and economically strangled.

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HONOURABLE JAFAARU YAKUBU COMMISERATES WITH QATAR OVER THE DEATH OF RULER

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Honourable Jafaaru Yakubu, Chairman of the House Committee on Nigeria–China Friendship Relationship Group, has extended his condolences to the Government and people of Qatar following the passing of the father of the incumbent Emir, His Royal Highness Sheikh Tamim ibn Hamad Al Thani.In his condolence message, Honourable Yakubu described the late ruler as a man of wisdom and compassion whose leadership left a lasting imprint on Qatar and the wider global community. He noted that the deceased patriarch of the Al Thani Royal Family was widely respected for his dedication to service, his vision for progress, and his commitment to uplifting humanity.Yakubu emphasized that Qatar has not only been a leader in the Gulf region but has also shown remarkable generosity through humanitarian partnerships that extend far beyond its borders. He highlighted the role of Qatar Charity in his Federal Constituency of Bali/Gassol in Taraba State, where sustained interventions have supported orphans, widows, and vulnerable groups. These programs, he said, have provided scholarships, empowerment opportunities, and social support that have transformed lives and strengthened communities.“The people of Bali/Gassol Federal Constituency will always remember the kindness of Qatar and the impact of its humanitarian activities in our communities,” Honourable Yakubu remarked. He added that the partnership with Qatar Charity has been a source of hope and opportunity, reinforcing the bonds of friendship between Nigeria and Qatar.He prayed for Allah (SWT) to forgive the shortcomings of the departed leader and grant him Jannatul Firdausi, while assuring the Government of Qatar of his constituency’s solidarity during this period of mourning.The condolence message, delivered in Abuja, underscores the enduring ties between Nigeria and Qatar, and reflects the shared vision of both nations in advancing humanitarian causes and uplifting vulnerable populations. Honourable Yakubu reaffirmed his commitment to strengthening these ties, ensuring that the partnership continues to grow and deliver meaningful benefits to his people.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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