The Central Bank of Nigeria (CBN) has hired KPMG, an accounting firm, as the transaction adviser for the newly-created Infrastructure Corporation of Nigeria Limited (InfraCorp).

THISDAY quotes Osita Nwasinobi, the bank’s acting director of corporate communications, as saying KPMG’s appointment is different from that of asset managers, whose deadline was recently extended to March 30.

The appointment was made after considering bids from other firms including PricewaterhouseCoopers (PwC), Boston Consulting Group, and McKinsey & Co.

On February 12, President Muhammadu Buhari approved the establishment of the N1 trillion InfraCorp to focus on critical infrastructural investments in the country.

It is expected to grow to N15 trillion in assets and capital over time.

The company will finance public asset development, rehabilitation, and reconstruction as well as invest in cutting edge infrastructure projects for roads, rail, power, and other key sectors

“The Infra-Co will be one of the premier infrastructure finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development,” a statement by Laolu Akande, spokesperson to Vice-President Yemi Osinbajo, had read.

“The initial seed capital for the entity will come from the Central Bank of Nigeria, the Nigerian Sovereign Investment Authority, NSIA, and the Africa Finance Corporation.”

Godwin Emefiele, CBN governor, said the infrastructure company will begin operations by the second half of 2021.

Add TheNigeriaLawyer On Google News ______________________________________________________________________ ARTIFICIAL INTELLIGENCE FOR LAWYERS: A COMPREHENSIVE GUIDE Reimagine your practice with the power of AI “...this is the only Nigerian book I know of on the topic.” — Ohio Books Ltd Authored by Ben Ijeoma Adigwe, Esq., ACIArb (UK), LL.M, Dip. in Artificial Intelligence, Director, Delta State Ministry of Justice, Asaba, Nigeria. Bonus: Get a FREE eBook titled “How to Use the AI in Legalpedia and Law Pavilion” with every purchase.

How to Order: 📞 Call, Text, or WhatsApp: 08034917063 | 07055285878 📧 Email: benadigwe1@gmail.com 🌐 Website: www.benadigwe.com

Ebook Version: Access directly online at: https://selar.com/prv626

______________________________________________________________________ New Year Promo: Get Five Maritime Law Books For N150,000 — 63% Discount The promotion, which commenced on January 8 and runs until February 8, 2026, offers five core maritime law books authored by Dr. Emeka Akabogu, SAN, ordinarily valued at N405,000, for just N150,000 — a 63% discount. Interested buyers can place their orders through the following channels: Phone: 0704 329 3271 Online Store: https://paystack.shop/aa-bookstore Website: www.akabogulaw.com ______________________________________________________________________ [A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation ________________________________________________________________________ The Law And Practice Of Redundancy In Nigeria: A Practitioner’s Guide, Authored By A Labour & Employment Law Expert Bimbo Atilola _______________________________________________________________________