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FG Launches ISO to Strengthen Business Integrity, Attract Investment

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By Oso Abidemi

The Federal Government has introduced the ISO 37003:2025 Fraud Control Management Systems as part of efforts to strengthen business integrity, reduce risks, and boost investor confidence in Nigeria’s economy.

The standard was inaugurated in Abuja by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, represented by Mrs. Jachinma Agu, Deputy Director of Reforms at the ministry.

According to Oduwole, fraud remains a “hidden tax on development,” raising the cost of doing business, eroding trust, and discouraging innovation.

She described ISO 37003:2025 as a globally recognised benchmark designed to help public and private organisations assess fraud risks, establish preventive systems, and respond effectively to incidents.

“This is not just another regulation,” she said. “It is a strategic investment in reputation, operational efficiency, and long-term sustainability.”

The Minister urged ministries, departments, agencies, and corporate leaders to adopt the standard, stressing that its implementation would enhance transparency, improve Nigeria’s global competitiveness, and contribute to President Bola Tinubu’s Renewed Hope Agenda.

Director-General of the Standards Organisation of Nigeria (SON), Dr. Ifeanyi Okeke, said Nigeria played a leading role in the development of the standard through its work in ISO Technical Committee 309, Working Group 8.

He noted that widespread adoption would embed a culture of integrity, boost private sector credibility, and attract foreign direct investment.

“For businesses, this framework is a mark of integrity that reassures investors and partners. For government, it helps reduce leakages and strengthens public trust,” Okeke stated, assuring that SON would provide certification, training, and awareness campaigns to drive compliance.

International development partners, including the British Standards Institution (BSI) and the UK Foreign, Commonwealth and Development Office (FCDO), supported the standard’s publication. David Adamson of BSI described the initiative as a “landmark achievement” that places Nigeria at the forefront of global anti-fraud practices.

He emphasised that the real impact would come from implementation, with Nigeria and the UK set to deepen cooperation through working groups, stakeholder consultations, and webinars.

With the rollout of ISO 37003:2025, Nigeria aims to create a more transparent and competitive market environment, positioning the country as an attractive destination for both domestic and foreign investment.

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FG Targets Guinness World Record with 3.6km Dining Table in Abuja

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By Onyeanya Ebere Immaculata

 

The Federal Government will attempt to break the Guinness World Record for the longest dining table during the Mega Renewed Hope NIHOTOUR Gastronomy Festival slated for December 6 in Abuja. The 3.6-kilometre table is expected to host between 2,000 and 3,000 participants.

Director-General of the National Institute for Hospitality and Tourism (NIHOTOUR), Dr. Abisoye Fagade, announced this on Thursday alongside the Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa.

Fagade said the record attempt will be followed by communal dining, cultural displays, music, and comedy, adding that the initiative aims to position Abuja as a major cultural destination.

He noted that the festival aligns with President Bola Tinubu’s Renewed Hope Agenda, promoting tourism, hospitality, and youth empowerment through skills development.

Minister Musawa described the event as a platform for economic inclusion and creative growth, highlighting gastronomy’s role in national development alongside film, music, and fashion.

The week-long festival, themed “Oriki: Taste of Culture,” will feature exhibitions, culinary masterclasses, food tastings, and investment dialogues showcasing Nigeria’s rich food heritage.

President Tinubu is expected to officially unveil the festival and record attempt in Abuja.

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Senate Clears Air Peace, Faults NSIB Over Drug Allegations

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By Onyeanya Ebere Immaculata

 

The Senate has cleared Air Peace of wrongdoing in the July 13 runway overrun at Port Harcourt International Airport, describing the drug and alcohol allegations against the airline’s pilots as “inconsistent and uncoordinated.”

The decision followed an investigation by the Senate Committee on Aviation, which reviewed the Nigerian Safety Investigation Bureau (NSIB), report and found discrepancies that could harm Nigeria’s aviation reputation.

Committee Chairman, Sen. Abdulfatai Buhari (Oyo North), said the aircraft sustained no damage and returned to Lagos the same day, warning that inaccurate reports could erode global confidence in the country’s air safety ratings.

He commended Air Peace and other domestic carriers for maintaining strict safety standards and urged regulators to support indigenous airlines.

Air Peace Chairman, Allen Onyema, criticised the NSIB’s handling of the matter, calling it misleading and damaging to the airline’s reputation.

He clarified that the incident resulted from human error, not mechanical failure, and reaffirmed the airline’s commitment to safety.

The Senate is expected to issue a final report recommending better coordination and clearer communication among aviation regulators.

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Defence and Security

Army Chief Pledges Better Welfare, Fair Postings for Troops

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By Onyeanya Ebere Immaculata

 

Chief of Army Staff, Lt.-Gen. Waidi Shaibu, has pledged to prioritise troop welfare, transparency, and fairness in postings to boost morale and strengthen operational efficiency.

Shaibu made the promise on Thursday in Maiduguri during an interactive session with defence correspondents as part of his operational tour of the North-East.

He commended troops for their resilience in defending the nation and assured that the Army would sustain and improve the soldier-first welfare policy introduced by his predecessor.

“As soldiers get what is due to them on time, we will extend that support to their families while they serve their fatherland,” he said.

The COAS also vowed that merit and professionalism would guide all postings and appointments, ensuring fairness and competence in leadership.

Shaibu, who assumed office on October 30, 2025, described morale as a key component of fighting power and reaffirmed his commitment to timely payment of allowances and other entitlements.

His visit was part of efforts to assess field operations and enhance the welfare of frontline troops battling insurgency in the region.

(NAN)

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