Tag: american

  • US: How not to engage a changing continent

    US: How not to engage a changing continent

    By Olalekan Adigun

    The year is 2025, yet many American politicians still behave as though the world is frozen in the post–World War II and Cold War era, when the myth of U.S. exceptionalism held strong influence across Africa. Today’s global order has shifted, but Washington’s tone toward Africa remains trapped in an age of threats, lectures, and unchecked arrogance. The result? The United States is losing ground on a continent that now demands respect, partnership, and dignity—not paternalism.

    Over the years, African leaders and citizens have grown increasingly disillusioned with how U.S. officials speak about them. From the infamous “shithole countries” remarks—echoed repeatedly by American politicians who mirror Donald Trump’s style—to the persistent framing of African states as helpless dependents, Washington’s posture feels outdated. As an African saying goes: If you are not feeding me, and I have never begged you to feed me, telling me you are richer than I am is useless information.

    Africa of 2025 is not the Africa of the past. Gone are the days when leaders trooped to Washington “cap in hand” in pursuit of crumbs. Economically, geopolitically, and demographically, the continent has become a fiercely competitive space—and the numbers tell the story.

    China has firmly established itself as Africa’s largest source of imports. As of 2025, 34 of Africa’s 54 countries list China as their top import partner, reflecting Beijing’s broad export and developmental presence—from giant infrastructure projects and mining ventures to machinery, chemicals, and everyday consumer goods. It is a full-spectrum relationship built on convenience, speed, and mutual economic benefit.

    On the export side, resource-rich African nations increasingly look to the UAE and China. The UAE, now a major importer of African gold, has aggressively expanded diplomatic and commercial ties across the continent. China remains one of the largest buyers of African crude oil. The U.S., meanwhile, trails far behind.

    The Trump administration, which returned to power in January, aims to secure “advantageous” trade deals through tariffs and tougher rules. But such measures threaten key African economies that depend on the African Growth and Opportunity Act (AGOA). Countries like Ethiopia, Madagascar, Kenya, and Eswatini—whose textile and apparel sectors are built around U.S. markets—face serious economic shocks if AGOA is abolished or tariffs increased.

    Instead of strengthening partnerships, Washington appears intent on signalling dominance. Africa is responding by diversifying—and choosing partners who treat them as equals.

    What Africans want is simple: respect. Not lectures. Not threats. And certainly not condescending conditions masquerading as “assistance.”

    China’s model—while not perfect—offers lessons. Beijing does not visit Africa to scold governments over known problems; it comes to negotiate railways, ports, power plants, and industrial parks. It may all be business, but it is business wrapped in dignity. China does not insist that Africans change their political systems, cultural identities, or ideologies before cooperation can proceed.

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    Contrast that with Washington’s approach.

    In 2017, after years of resistance, the U.S. finally sold Nigeria the A-29 Super Tucano aircraft to fight insurgency—only after imposing strict conditions: the jets could only be used in the Northeast. Nigeria paid $593 million of its own hard-earned money, yet Washington dictated how and where the aircraft could be deployed. Predictably, insurgents adapted and expanded operations into other regions. To many Nigerians, that did not feel like assistance—it felt like control.

    The U.S’ unconditional support for Israel’s devastating assault on Gaza has made Washington increasingly isolated in global opinion. African countries, which take issues of justice and human rights seriously due to their own histories, watched closely as South Africa dragged Israel before the International Court of Justice in 2024. Washington’s anger over this move marked the beginning of a strained relationship with Pretoria. Trump even revived old tropes, suddenly claiming that “white South Africans” needed protection—comments widely dismissed across the continent.

    Since his first election in 2016, Donald Trump has never set foot in Africa. Yet he talks about the continent in the most degrading terms. His disdain reflects a wider problem: many U.S. policymakers still view Africa as a peripheral region deserving of sermons, not sovereignty. This is not lost on African governments, who increasingly perceive the U.S. as unreliable, disrespectful, and out of touch.

    Africa is young, rising, and increasingly empowered. New partners—China, UAE, India, Turkey, Brazil, Gulf States—are courting the continent with investment, infrastructure, and flexible diplomacy. The U.S., by contrast, is clinging to outdated assumptions and moral superiority.

    If Washington wants to regain influence, it must change its tone. Africans do not demand charity. They demand dignity. They demand equality. They demand genuine partnership.

    Until American leaders stop speaking down to Africa and start engaging it as a global player, the United States will continue to lose ground on a continent that has clearly—and decisively—moved on.

    •Adigun is a researcher and journalist based in Abuja.

  • American Hospital Dubai expands to Lagos

    American Hospital Dubai expands to Lagos

    In a landmark event marking a significant milestone in healthcare diplomacy, the American Hospital Dubai (AHD) has launched its first representative office in Africa.

     The grand unveiling took place at the Africa Launch Event at their new Lagos location on Bishop Aboyade Cole, Victoria Island, Lagos State.

    The opening ceremony, attended by distinguished guests, dignitaries, and healthcare professionals, was a celebration of the hospital’s global vision and Nigeria’s growing importance in the continent’s healthcare landscape.

    Chairman, American Hospital Dubai-Nigeria Limited, Mahmoud Harbaji, addressed the audience with enthusiasm and conviction, stressing the pivotal role of the new office in bridging the gap between the renowned Dubai-based hospital and patients.

    Harbaji emphasised further that the establishment of the world-class representative office in Lagos represents more than just a physical expansion; it reflects a deep commitment to improving healthcare access and quality across Africa.

    He noted that Nigeria’s potential and importance onthe continent have long been evident. With this new office, American Hospital Dubai seeks to make a substantial and positive impact on the health and wellbeing of the Nigerian population.

    The well-attended launch event drew a diverse and influential crowd, including top government officials, embassy staff, politicians, and traditional rulers. Notable attendees included Dr. Olusegun Ogboye, Permanent Secretary at the Lagos State Ministry of Health; Mr. Dakuku Peterside, a former member of the House of Representatives; and Joke Silva, the esteemed Nigerian actress, director, and businesswoman. Dr. Abdullah Al-Mandoos, the Consul- General of the United Arab Emirates (UAE) in Nigeria, recognised the crucial support of President Bola Tinubu and Lagos State Governor Babajide Sanwo-Olu.

    He highlighted that their backing was instrumental in realising the initiatives and goals that have been in planning since 2019.

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    Al-Mandoos also commended Sherif, CEO of the American Hospital Dubai Group, for his role in bringing the vision to fruition.

    Lagos State Commissioner for Health, Prof. Akin Abayomi, reflected on previous discussions with Dr. Al-Mandoos about potential collaborations between the UAE, Lagos, and Nigeria to bolster the healthcare sector. He noted that progress had been impeded by the COVID-19 pandemic. Representing Governor Babajide Sanwo-Olu, Abayomi conveyed that the establishment of the representative office marks a significant and positive first step toward enhancing healthcare connections and initiatives.

    He recounted that the governor in his meeting with the American Hospital Dubai team had said: “Lagos very much welcomes this initiative. If Lagosians are going to Dubai for medical interventions, we would certainly want that journey to be as seamless, as safe and as problem-free as possible with more discounts via the office, but “Lagos has a very a very definitive strategy. It’s encompassed in the Lagos State Development Plan, (LSDP) 2052, which is a 30-year development plan for Lagos State.”

    Abayomi highlighted that Lagos State’s GDP has surged from N27 trillion at the start of Sanwo-Olu’s first term to nearly N45 trillion, a substantial figure for any region in Africa. He emphasised that Lagos is home to 35 major general hospitals, each handling up to 1,000 patients daily. However, he noted that the state’s healthcare system requires more specialised facilities, such as subspecialty hospitals equipped to handle complex procedures like neurosurgery, advanced cancer treatments, and kidney transplants.

    Abayomi underscored the importance of health as a key component of Lagos’s economic vitality. He pointed out that Lagos’s significant economic growth is tied to its healthcare infrastructure, which is why the government is committed to expanding universal healthcare coverage for its residents.

    He also mentioned that Lagos is recognised as the eighth city in Africa for its high-quality healthcare services, ranking after Cape Town, Johannesburg, Pretoria, Nairobi, Tunis, and Cairo.

    Abayomi further praised the collaborative efforts of American Hospital Dubai-Nigeria Limited and Sanwo-Olu for bringing this initiative to fruition.

    The new Lagos office of American Hospital Dubai will serve as a crucial link for  patients seeking care at the Dubai-based facility, functioning much like an embassy to facilitate access and streamline the process.

    The expansion into Nigeria underscores American Hospital Dubai’s commitment to investing in the country’s healthcare sector. The goal is to make the process of receiving care in Dubai as seamless and convenient as possible. Tonye Princewill, a Director of the Board of American Hospital Dubai-Nigeria Limited, noted that while many hospitals attract patients from Nigeria, few are willing to invest significant resources in developing such business connections.

    The Lagos office will allow patients to handle arrangements, from visa applications and flight bookings to accommodation, making their journey to Dubai much easier.

    In addition, plans are underway for a second office in Abuja and a diagnostic centre in Lagos, indicating a continued commitment to expanding healthcare access across the country.

    “Many hospitals take patients from Nigeria but very few are prepared to commit energy and resources developing that business. For those people who want to go to AHD, instead of going online ,making searches/enquiries, they can come to the Lagos representative office in Victoria Island where officials will talk to them and make their trip to Dubai very much easier from visas to flights to accommodation.

    “Already, they have approved a second office in Abuja and they’ve asked us to get space for a diagnostic centre in Lagos,” Princewill said.

  • An American conundrum

    An American conundrum

    Kabiyesi caravan arrives in Washington

    The unthinkable is now becoming the inevitable in America. With the doddering and dismal performance of Joe Biden at the presidential debate and the Supreme Court ruling conferring an open-ended immunity on Donald Trump’s compulsive criminality while in office, alarm bells about the grim possibility of Trump’s return to the Oval Office have started ringing in many civilized capitals around the world. The horrifying prospects, not to talk of the stark possibilities, send jitters across the globe.

    With the Supreme Court majority ruling on Monday which granted substantial immunity to actions taken by a sitting president, America is finally on the road to never-before. We say never before because America was never a traditional monarchy. For centuries, America’s political elite avoided this route back to medieval tyranny and servitude. It is the “Kabiyesi Syndrome” in America. George Washington declined to run for another term on the grounds that the American people did not disown feudal monarchy in Europe only to consecrate a similar institution on another continent.

    The Supreme Court ruling is a reflection of how bitterly polarized and inchoate America has become. The revered justices may have failed to appreciate the dangers ahead for democracy in America. In the  ideological occlusion of actual reality that  partisanship brought upon them, they even came to the paradoxical conclusion that the main threat to the nation is not the executive brigandage and deliberate terrorism represented by a leader like Trump but the possibility of a descent into legislative despotism.

    Donald Trump represents an acute danger to America’s political wellbeing. This is what happens when a solitary ruler without scruples or moral qualms but with a Rasputin-like hypnotic hold on the ignorant masses suddenly materializes with the sole vindictive purpose of upending the system. The Kabiyesi system literally means the king can do no wrong and cannot be held accountable for his deeds.

    Yet it should be noted that in traditional societies where kings held sway, there were enough checks and balances to prevent an obdurate and malignant ruler from descending into untrammeled tyranny. Among the Yoruba in Nigeria, a tyrannical ruler that has exhausted the patience of the people is advised by the conclave of wise people to do the needful by opening the sacred calabash. This meant sure suicide.

     In all this, it is profoundly ironical that it is the listless and fretful Joe Biden who has seen through the chicanery. In an insightful swipe at the Supreme Court justices, President Biden noted that America is not a land of kings. And that is putting it mildly. Quite a number of people are tempted to dismiss this as mere hysterical mush or a voter-scaring gambit. On the contrary, the evidence on ground suggests that this is not America’s finest hour.

    Where then we may ask are the remaining people of honour and inviolate integrity in the greatest and most competitive democracy the modern world has seen? It is said that all human societies are the same but for the institutions erected by each society to act as barriers against a return to barbarity and degeneracy. There is a solidarity of all human-beings in aberration, rues Albert Camus.

    America is caught in a classic conundrum, a vicious self-entrapment. The intellectual visionaries and democratic heroes who founded America did not envisage it as a warrior-nation. They sought to create a new type of nation of free people founded on democratic principles and away from the tyrannical ashes of feudal Europe. In this, they seem to have succeeded beyond their imagination and wildest dreams.

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    But as hubris gave way to a notion of American Exceptionalism and manifest destiny particularly after astounding victories over Mexico, the Spaniards in Cuba and the Philippines and the Germans in the First World War, Americans came to belief that the entire world is their oyster which they could toy with at will. As a covenanted people with a superior vision of the world, they have a right to impose their will and might on any nation or people.

      The problem with this notion of history is the fact that America failed to factor in the possibility of a countervailing logic from other equally covenanted people and societies who have produced their own heroes and their own unique societies who will refuse to be bullied around by any country no matter its fabled military might or productive capacity. Some of these civilizations have been around for more than five thousand years.

    This is the misbegotten militarism that has produced the debacles of Korea, Vietnam, Iraq, Afghanistan, the roiling stalemate of Ukraine, the murderous maelstrom of Gaza and the gruff face-off with China. Believe it or not, it has also thrown up the explosive contradictions of a draft-dodging ruler like Donald Trump who insists that America is not founded for the weak or the weakling.

      Going forward, it is obvious that America needs a paradigm shift and a fundamental reset of values in line with emergent global realities. It will not come with a Biden presidency. Old Joe is too flustered and flummoxed by the pace of events. But rather than the malevolent and potentially catastrophic return of Donald Trump, a somnolent Biden presidency will be a watershed and a waterbed for the emergence of a new generation of American leaders.

      The piece you are about to read was written in 2004 and it is the chronicle of an American decline foretold. Happy reading to our numerous readers.

  • American cartoonist visits Nigeria, highlights role of editorial cartooning

    American cartoonist visits Nigeria, highlights role of editorial cartooning

    Barbara Brandon-Croft, first nationally syndicated African American female cartoonist, recently visited Nigeria for a U.S. Speaker Program entitled, “Sketch & Satire: The Art and Impact of Editorial Cartooning.”

    Brandon-Croft is best known for creating the comic strip ‘Where I’m Coming From.’ During its 15-year run, the comic strip appeared in over 65 newspapers across the United States and Canada, as well as Jamaica, South Africa, and Barbados. Her comics are in the permanent collection of the U.S. Library of Congress.

    The week-long speaker program held at the American Corner Lekki

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    Through workshops, panel discussions, and interactive sessions, Brandon-Croft exchanged views with Nigeria’s prominent and emerging cartoonists, journalists, comic artists, illustrators, caricaturists, animators, students, journalism, and arts professors.

    As part of a three-day editorial cartooning workshop, Brandon-Croft joined veteran Nigerian cartoonist Wale Adenuga for a lively panel discussion on the significance of visual storytelling in shaping public opinion. Together, they highlighted the importance of freedom of expression as one of the key pillars of a vibrant democracy.

     During a moderated interactive session with aspiring editorial cartoonists, students, and professors of journalism and creative arts, Brandon-Croft covered a range of topics including the creative process, the art of visual storytelling, writing and drawing comics, and getting noticed and published in national newspapers.

     U.S. Consulate Public Affairs Officer Julie McKay highlighted the importance of cultural exchanges like Brandon-Croft’s visit to Nigeria and their ability to bring Americans and Nigerians together to share ideas and expertise, promote mutual understanding, and strengthen democratic institutions like the media.

  • American firm launches U.S EB-5 investor programme in Nigeria

    The Atlantic American Partners (AAP) has launched its United States EB-5 Immigrant Investor Programme in Nigeria to assist  potential investors in Nigeria to secure a hassle-free immigration process to live, work, and attend school in the U.S while also getting a reasonable return on their initial investment.

    The EB-5 visa creates opportunity for foreign investors to invest in the United States and become legal permanent residents in America with a green card.

    It also has several other benefits, including the ability to travel to one’s homeland from the United States without a visa, ability to sponsor family members for a green card after becoming a citizen, access to low or no cost- high-quality primary and secondary public education and other benefits.

    The Managing Director of Emerging Markets for AAP, Daniel Ryan, broke the news at a business meeting on Victoria Island, Lagos.

    The AAP chief said the EB-5 programme requires each EB-5 investor to invest $500,000 in the United States real estate projects under the AAP management.

    He added: “Each investor’s investment of $500,000 (USD) is expected to yield at least 10 permanent jobs for United States citizens. Acquiring the green card under the EB-5 investment programme is a two-part process. The temporary card is roughly 14-18 months. Thereafter comes the waiting period of about two and a half years to obtain the permanent green card. Six years after you applied, AAP liquidates or sell the properties in the portfolio and investors get their $500,000 (USD) back.

    “During those six years, investors get a two per cent interest rate yearly on their investment, which is equal to $10,000 a year. Approximately, the six years give investors $560,000 (USD) interest rate.   “Likewise, they also get a percentage of the capital gains when we liquidate or sell the portfolio. In many cases, that varies from $75,000 to $150,000 per person. The real return on investment is the green card.”

  • Trial of American for alleged $545,000 green card fraud stalled

    The trial of an American, Marco Ramirez, who allegedly defrauded three Nigerians of $545,000 in a green card scam, was stalled yesterday at an Ikeja High Court, following the absence of the prosecuting counsel.

    At resumed proceedings, it was revealed that the Economic and Financial Crimes Commission (EFCC) lead prosecutor, Mrs. Vera Agboje, had notified the court in a letter that she would be absent due to another official engagement.

    The trial judge, Justice Josephine Oyefeso, acknowledged that Agboje had written to the court ahead of proceedings to inform her that she would be absent.

    Responding, defence counsel Mr. Ademola Adefolaju also admitted receiving a letter from the prosecutor.

    He, therefore, requested for an adjournment.

    Justice Oyefeso granted the request and adjourned the case till May 7 for hearing.

    Ramirez is facing a 16-count charge bordering on obtaining under false presences before the court.

    He was first arraigned on June 22, 2017.

    He pleaded not guilty to the charges and was granted $250,000 bail with two sureties in the like sum on July 10, 2017.

    Ramirez is alleged to be the Managing Director of three companies – USA Now Plc., Eagleford Instalodge Group and USA Now Capital Group.

    According to the EFCC, he committed the offences between February 2013 and August 2013 in Lagos.

    The American was alleged to have fraudulently received $545,000 from Godson Echejue to invest in his company.

    EFCC alleged that the plan was to procure an American green card (permanent residence card) for Echejue.

    Ramirez also allegedly received $10,000 from Abubakar Umar through a non-existent investment programme in the U.S., which would make Umar eligible to obtain an American passport.

    The EFCC is accusing Ramirez of illegally receiving $10,000 from Olukayode Sodimu on the pretence that the funds were facilitation fees with the American Immigration Services for an American Green Card.

  • France Football magazine announces Ballon d’Or for women

    A women’s Ballon d’Or will be awarded for the first time this year with a shortlist of 15 nominees to be named alongside 30 male contenders next month for the global football prize, France Football magazine announced on Monday.

    The annual award, which will be given at this year’s ceremony in Paris on Dec. 8, is a regular feature for men since 1956, with England great Stanley Matthews winning the inaugural trophy.

    “It is a step forward, women’s football is evolving and inequality is shrinking even though there is still room for improvement,” France and Olympique Lyonnais defender Wendie Renard told the magazine.

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    “I’ve always wanted to see a woman win this prestigious award,” Brazil’s Marta added.

    The Ballon d’Or award was partnered with FIFA from 2010 to 2015, until becoming its own entity once again.

    The sport’s world governing body will honour the world’s best players at its Best FIFA Football Awards on Monday.

    American Carli Lloyd and Lieke Martens from the Netherlands have won the FIFA best player award for women since it was rebranded in 2016.

  • Trump accuses China of targeting U.S. farmers, being ‘vicious’

    U.S. President Donald Trump on Wednesday accused China of targeting American farmers in a “vicious” way and using them as leverage to get concessions on trade.

    “China is targeting our farmers, who they know I love & respect, as a way of getting me to continue allowing them to take advantage of the U.S. They are being vicious in what will be their failed attempt.

    “We were being nice – until now!” Trump wrote on Twitter.

    Farmers have been a particular target in the current clash over trade policy as other countries seek to retaliate for U.S. duties on Chinese goods as well as on steel and aluminum imports from the European Union, Canada and Mexico.

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    The affected countries have in turn targeted U.S. agricultural products, including soybeans, dairy, meat, produce and liquor.

    The U. S. exported 138 billion dollars in agriculture products in 2017, including 21.5 billion dollars of soybeans, the most valuable export.

    China alone imported 12.3 billion dollars of U.S. soybeans last year, according to the U.S. Department of Agriculture.

    On Tuesday, the Trump administration said it will use a Great Depression-era program to pay up to 12 billion dollars to help U.S. farmers weather the growing trade war.

  • American, Mandela Washington, trains 2000 Nigerian youths

    No fewer than two thousand Nigerian youths yesterday commenced leadership training in the areas of business, economy and mentoring in 14 cities in different states simultaneously across the country.

    The number is made up of about 200 selected youths each from the different 14 states that were drawn from various institutions of learning and networking groups through an online application.

    The nationwide mentorship and networking training tagged ‘The Impact Project’ (TIP) is facilitated by the Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) with the funding from American government to ensure the mentoring, leadership and interaction opportunities offered the alumni members by the American Government were transmitted to more youths across the country.

    The Association currently has about 285 alumni members across the country.

    Speaking at the Ibadan School of Government and Public Policy, Bodija, Ibadan, venue of the Ibadan training, President of the Association, Segun Fatudimu, a dental surgeon and leadership coach said the effort was to inspire the youths towards going into politics, run their own business and start their own organization as a way of discouraging them from waiting on the government for virtually everything.

    He said, the event tagged, The Impact Project (TIP), is to ensure that the impact received from the American funded fellowship programme was transmitted to other burden youths in order to create a new generational order, pointing out that, it is a follow up to an earlier one tagged beyond leadership programme called ‘Beyond school campaign’ which was aimed at helping teenagers build their own leadership and entrepreneurial skills.

    He said, “We are training about 2000 youth leaders so that they can multiply the effort. We want to inspire them towards going for politics, run their own business and start their own organisation. They should not wait for the government again. Nobody will give us power as young people, we need to take it and the best way to take it is what I call the Impact Driven Visibility. We have to be powerful, we will not beg for power. We need to be begged to come and take power when we are known to have already gain grounds and how to gain grounds is to go in small units and in different places across the country, to bring young people together and empower them.

    “We need to come together and create a youth-led vision and agenda for this country and begin to push ourselves towards it and the Mandela Washington Fellowship Association of Nigeria is really committed to that to ensure that we don’t want to be selfish, we want to ensure that we pass everything that we learnt to the younger ones and for us to begin to act as pressure groups on the government in a control advocacy. Let’s also begin to lead in our own small places and cause change. It is important that we set rules and standards and teach our youths to know and rise what the ideal course of leadership is.”

    Another alumni Timi Olagunju in his remarks advocated for a kind of situation that allows both the youths and old to collaborate in building a progressive Nigeria, saying, “what we need is generational co-mingling, in a way that the young people can come with innovation and energy while the old people come with experience. If young people with innovation and energy work with old people with experience then we can build a nation that works for everybody. But what we have today is, much older people taking the place of power. We need generational co-mingling not necessarily generational shift.

  • American equity firm stakes N77b on Resort Savings

    Milost Global Inc-an American private equity firm is staking $250 million, about N76.5 billion, on Resort Savings & Loans Plc in another major acquisition after the American firm entered into a binding commitment to invest $350 million in Japaul Oil & Maritime Services.

    Milost, combining its traditional equity and debt approach, will be staking $100 million as equity capital and $150 million as debt capital. Already, Milost Global and Resort Savings have signed a commitment letter, giving the private equity firm the mandate to proceed with due diligence and other regulatory issues. The board of Resort Savings had approved the proposed transaction at its meeting on February 26, 2018.

    In a regulatory filing at the Nigerian Stock Exchange (NSE) yesterday, the board of Resort Savings indicated that the mortgage bank has executed a $250 million deal with Milost Global. The regulatory filing was signed by Managing Director, Resort Savings & Loans Plc, Mr Olayemi Rabiu and Chairman, Resort Savings & Loans, Senator Sunday Fajinmi.

    With the signing of the commitment letter, Milost Global will conduct due diligence on Resort Savings after which substantive agreement and other documentations will follow. The Central Bank of Nigeria (CBN) has been notified of the proposed transaction.

    The board of Resort Savings indicated that the transaction will be executed in phases through private placement to Milost Global and another local investor, which is currently undergoing approval process at the apex bank.

    “It is the belief of the board and management that the proposed investment will assist the bank in no small way in recapitalising the business, growing capacity and in becoming the leader in the mortgage finance industry. With this, we expect to be able to deliver impressive returns to our shareholders and satisfy the expectations of our other stakeholders in the very near future,” the board stated.

    The Nation had reported that Milost Global is seeking to invest more than $8 billion or about N2.6 trillion on Nigerian investments as a demonstration of the New York-based firm’s confidence in the Nigerian economy.

    Headquartered in New York City, Milost Global Inc is at the intersection of creative investing and value creation and has more than $25 billion in committed capital. Milost provides alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the world including technology, transport, cannabis, education, distribution, mining, oil and gas, financial services, healthcare, pharmaceuticals, real estate, alternative energy and infrastructure development.