News
World Loses $260Bn from Poor Water, Sanitation- Sirleaf

Ellen Johnson Sirleaf, Liberian President issued a stark warning in Monrovia on Wednesday to the UN Secretary-General’s High-level Panel that is meeting this week to address the future of international poverty reduction efforts, noting that economic losses due to poor water and sanitation access globally are costing $260 billion every year.
The President, one of three co-Chairs of the UN Secretary-General’s High-level Panel of Eminent Persons on the Post-2015 Development Agenda, stated that: “$260 billion in economic losses annually is directly linked to inadequate water supply and sanitation around the world. We must take this issue more seriously.”
“All too often access to adequate sanitation in particular is seen as an outcome of development, rather than a driver of economic development and poverty reduction. South Korea, Malaysia and Singapore in the 1960’s and 1970’s demonstrated the potential for boosting economic development by addressing sanitation.”
The President’s comments came during the High-level Panel meeting in Monrovia which was broadly focused on the theme of “economic transformation”.
The Panel, which includes 27 leaders from government, the private sector and civil society, is co-chaired by David Cameron, UK Prime Minister; Susilo Bambang Yudhoyono, President of Indonesia and President Sirleaf.
The group is tasked with producing a report in May to the Secretary-General containing recommendations for a development agenda for the world.
The current Millennium Development Goal targets on water and sanitation have had starkly differing levels of progress and political and financial support.
While the drinking water target – to halve the proportion of people worldwide without access to safe drinking water – was met five years early in 2010, the sanitation goal is decades off track. Progress in Africa specifically is even worse with sub-Saharan Africa expected to meet this goal a century and a half late.
Girish Menon, Ddirector of International Programmes for the international water and sanitation charity WaterAid, said:
“The High Level Panel must grasp this unique opportunity to put together an ambitious vision for eradicating poverty in our time. For this aspiration to be realised there must be a central focus on achieving universal access to water, sanitation and hygiene.”
“International efforts on the existing Millennium Development Goals have shown us that to succeed in areas like education, child health and gender equality progress on access to water, sanitation and hygiene is crucial. Integrating these approaches will be the key to success.”
Liberia is in many ways typical of sub-Saharan African countries, with access to safe drinking water at 73% of the population, far exceeding levels of access to decent sanitation, at only 18%. The average across sub-Saharan Africa to these services sits at 61% for water but just 30% for sanitation.
President Sirleaf, who is also Goodwill Ambassador for water, sanitation and hygiene in Africa, also stated: “Without more progress in providing access to safe water and effective sanitation, children will continue to miss school, health costs will continue to be a drag on national economies, adults will continue to miss work, and women and girls, and it’s almost always women and girls, will continue to spend hours every day fetching water, typically from dirty sources.”
According to a 2012 WaterAid report, the lives of 2.5 million people around the world would be saved every year if everybody had access to safe water and adequate sanitation.
The international charity has also highlighted that if governments meet the Millennium Development Goal (MDG) to halve the proportion of their population without sanitation by 2015 the lives of 400,000 children under the age of five will be saved around the world – over 100,000 in Nigeria, and 66,000 in India alone.
News
FG May Forfeits $4m from World Bank Loan over Audit Flop

Federal government may lose $4 million from a World Bank loan after failing to get a pass mark on key audit standards in its revenue-generating agencies, such as the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service.
This is according to a World Bank restructuring paper dated June 2025.
The amount, which is the equivalent of around N6.2 billion with an exchange rate of N1,568 per dollar, could have helped to address one of Nigeria’s infrastructural deficits.
The fund formed part of the $103 million Fiscal Governance and Institutions Project, a public financial management initiative financed through a credit facility from the International Development Association.
Accordingly, the revenue assurance audit covering the FIRS and Customs for the 2018 to 2021 financial years was assessed as not achieved because the reports submitted did not meet international auditing standards.
“Revenue assurance audit of Main Income Generating Agencies, including the Federal Inland Revenue Service and the Nigeria Customs Service for FY 2018–2021, with an allocation of $4m.
“These Intermediate Results to be implemented by the Office of Auditor-General of the Federation were assessed as not achieved by the Independent Verification Agent because the reports submitted for verification did not meet the requisite international auditing standards.”
Also, the unsuccessful audit was one of ten performance-based conditions under the project that the government could not deliver before the closing date of June 30, 2025. Consequently, the Federal Ministry of Finance formally requested the cancellation of $10.4 million in project funds.
“The FMF has requested cancellation of $0.9m of unused funds for technical assistance and $9.5m, which is the amount allocated to 10 performance-based conditions, which will not be achieved by the close of the project on June 30, 2025,” the document read.
Further analysis shows that $4.5 million was tied to the uncompleted Revenue Assurance and Billing System, while $1 million was allocated to the development of a National Budget Portal.
According to the document, the Budget Office of the Federation, which was responsible for the portal, did not submit any evidence of achievement. In addition, $0.9 million in technical assistance funding was left uncommitted and has also been cancelled.
News
CDCFIB Warns against Recruitment Racketeers

Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has warned job seekers to be wary of fraudsters circulating inappropriate recruitment information.
The warning came against the backdrop of social media publications that President Bola Tinubu has ordered massive recruitments into some government agencies.
The agencies listed in the report were the Nigeria Immigration Service (NIS); the Nigeria Security and Civil Defence Corps (NSCDC); the Nigeria Correctional Service (NCoS) and the Federal Fire Service (FFS)..
The agencies are all under the Ministry of Interior, headed by Dr Olubunmi Tunji-Ojo.
However, while responding to the reports, the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) cautioned Nigerians against falling into the traps of job racketeers.
The Board acknowledged a Presidential approval for the recruitment of personnel in the four (4) Paramilitary Services under its purview, but insisted that due process would be followed on the matter.
Major Gen. Abdulmalik Jibrin (rtd), board secretary, said in a statement that “there are series of processes which leads to the actual recruitment exercise.”
“The Board wishes to reiterate that for all its recruitment processes, appropriate notifications would be done via adverts in the national dailies and it would be carried out in a fair and transparent process devoid of payment of any fee.
“To this effect, members of the public should be weary of the activities of recruitment racketeers who may want to take advantage of unsuspecting job seekers to rob them of their hard-earned resources”, Gen Jibrin said.
News
Concerned Nigerians Ask EFCC to Release Abiodun, CBEX Promoter

Adefowora Abiodun, one of the alleged promoters of the CBEX investment scheme, who voluntarily surrendered to the Economic and Financial Crimes Commission (EFCC) in April following a ruling by Justice Emeka Nwite of the Federal High Court in Abuja, is still languishing in the custody of the anti-corruption agency.

Adefowora Abiodun, one of the alleged promoters of the CBEX investment scheme,
Concerned Nigerians who have been following the matter have urged the EFCC to release him unconditionally since he honoured their invitation without being arrested.
The court had approved the EFCC’s request to arrest and detain six individuals connected to the scheme, including Abiodun.
Alongside Abiodun, five other individuals—Adefowora Oluwanisola, Emmanuel Uko, Seyi Oloyede, Avwerosuo Otorudo, and Chukwuebuka Ehirim—were declared wanted by the EFCC for their involvement in the alleged fraudulent investment scheme, which was valued at over $1 billion.
Fadila Yusuf, EFCC’s legal counsel, had submitted evidence that led to their public declaration as wanted individuals.
After the announcement, Abiodun, who was shocked by the declaration, alongside his legal team, presented himself to the EFCC headquarters in Abuja, expressing his willingness to cooperate with the investigation.
Babatunde Busari, his legal counsel, explained that Abiodun’s decision to submit voluntarily was made in order to clear his name and address the media narratives circulating about the case.
Despite the return of investor funds and CBEX’s assurance that withdrawals would be allowed by June 25, Abiodun has been in detention for over a month, triggering speculation about the EFCC’s high-handedness and rights abuse.
His legal team is now advocating for his release on administrative bail, emphasizing that the ongoing detention is unwarranted under the circumstances since he submitted himself for investigation.
According to one of the family sources, “Keeping him in a cell for over one month would send a negative signal to other Nigerians who would be declared wanted by the EFCC in the future. It would discourage Nigerians who have clear cases from surrendering themselves voluntarily to security agencies if, at the end of the day, they don’t receive mutual respect for surrendering themselves.”
He added that CBEX is not a Ponzi scheme.
Reacting to the agitation by concerned Nigerians, Dele Oyewole , EFCC spokesman hinted that the agency obtained a remand order to keep him beyond 48 hours.
According to him, “Anybody that we are holding beyond 48 hours, be rest assured that we have a lawful remand order from the magistrate court to hold him beyond 48 hours.
“We are a law-abiding commission. Concerning that suspect, we are holding him on the basis of that remand order.”
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