₦airaland Forum

FRESH details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria (UBN), with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors.

The Central Bank of Nigeria (CBN) had in January 2024 dissolved the bank’s board and management, citing the need to safeguard financial stability. While the apex bank has not publicly released the full forensic audit, sources familiar with the investigation say the intervention followed concerns over transactions that allegedly posed risks to the bank’s solvency.

According to excerpts of the report reviewed by investigators, the former owners and directors were alleged to have engaged in financial reporting practices and transactions that raised regulatory concerns, including the handling of foreign loans and internal fund movements. The report also questioned certain restructuring arrangements described as “unorthodox financial engineering,” which it said may have had significant financial implications for the bank.

A key issue highlighted in the report relates to a $300 million facility obtained from the African Export-Import Bank (Afreximbank) by Titan Trust Bank, which later merged with Union Bank. Investigators allege that the facility, which was reportedly unhedged, was transferred onto Union Bank’s balance sheet without full disclosure, potentially exposing the bank to foreign exchange risks.

The report further claims that proceeds from the facility may have been linked to the acquisition of shares in Union Bank, raising questions about whether the structure effectively placed repayment obligations on the bank itself. Analysts say such arrangements, if established, could amount to a breach of standard corporate governance and banking regulations.

In addition, the forensic audit is said to have identified transactions involving foreign loans obtained from offshore institutions, which investigators allege were diverted into other financial arrangements, including swap transactions. The report claims that some of these transactions may not have been fully disclosed to relevant stakeholders, including regulators and lenders.

There were also allegations of withdrawals from the bank’s funds to meet obligations to the disputed foreign loan. According to the report, these transactions may have contributed to foreign currency liquidity pressures within the bank during the review period.

However, none of these allegations has been publicly tested in court, and no criminal conviction has been announced in connection with the matter. Efforts to obtain comments from the former directors and owners, as well as Titan Trust Bank, were unsuccessful as of press time. Afreximbank has also not issued any public statement regarding the claims referenced in the report.

A source familiar with the investigation, who declined to be named due to the sensitivity of the matter, said the CBN’s intervention was aimed at preventing potential systemic risks to the banking sector.

The resultant corrective measures have seen Union Bank bouncing back, regaining more market share and redeeming maturing obligations. By third quarter 2025, the bank was already on its path to recovery following actions by the new management, with many analysts expecting it to be able to meet the N200 billion new capital requirement to retain its standalone national banking licence.

In a formal statement on judgment delivered on March 25, 2026, by the Federal High Court in Lagos concerning its regulatory action on Union Bank, the CBN stated that while it was obtaining and carefully reviewing the Certified True Copy (CTC) of the judgment, the status of Union Bank has not changed, implying that the lender remains under the CBN-intervention-management.

“As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes, the banking watchdog noted.

“The CBN assures the public that UBN’s status is unchanged and that it remains fully capable of meeting its obligations to customers, depositors, and all stakeholders.

“The CBN will continue to provide the necessary regulatory oversight to ensure Union Bank operates in a safe, sound, and stable manner.”while maintaining public confidence in the financial system,” CBN stated.

In what appeared a reference to Union Bank and other CBN-intervention banks, the apex bank in a formal statement confirming the successful recapitalisation of 33 banks yesterday, stated that “a limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks”.

The apex banks however, assured that “all banks remain fully operational, ensuring continued access to banking services for customers”, allaying any fears over the operations of the intervention banks, which still face legal issues.

A Popular social media influencer, Chukwudi Iwuchukwu, has raised alarm over alleged intimidation, extortion, and unlawful arrests of traders at Nwugo Market, Onitsha, calling on authorities in Anambra State to urgently intervene.

Narrating his personal connection to the market, Iwuchukwu explained that his late childhood and formative years were closely tied to the trading environment established by his father. According to him, his father operated a small alcoholic beverage shop on Akunnia Njote Street in Onitsha, where he and his brother regularly assisted during school breaks.

He noted that the modest size of the shop at the time was due to plans by traders to relocate to a more permanent and structured location. This vision materialized with the establishment of Nwugo Market along Port Harcourt Road, which he said was officially commissioned by the last military administration in Anambra State prior to Nigeria’s return to democratic rule in 1999, with a certificate of occupancy issued to traders.

Iwuchukwu emphasized that the market played a pivotal role in his upbringing, stating that proceeds from his father’s trading activities funded his and his brother’s education at Madonna University, Okija. He added that while his brother was actively involved in the physical aspects of the business, he often spent his time reading newspapers at the market, describing the environment as instrumental in shaping his life.

The situation, however, has reportedly deteriorated in recent times. Iwuchukwu recounted that he was recently awakened by his father with distressing news that his younger brother, Ichie Iwuchukwu Stephen Ogugua, had been arrested and detained at the State Criminal Investigation Department (CID) in Awka.

According to his account, the arrest followed ongoing tensions within the market allegedly caused by an individual identified as Ifeanyi Okeke, who is accused of intimidating traders and imposing unauthorized levies. Iwuchukwu alleged that the individual claims ownership of the market through a disputed transaction with the Ugochukwu family, despite an existing legal dispute over ownership.

He further alleged that traders had been compelled to pay a daily fee of ₦1,000, as well as ₦20,000 per delivery vehicle, without any official government documentation. While traders initially complied to maintain peace, resistance to the payments reportedly triggered a crackdown.

Iwuchukwu stated that his brother and several others were allegedly apprehended from the market and taken to the CID facility in Awka on what he described as unfounded charges, where they were detained overnight. He noted that he had to intervene to secure his brother’s release and prevent further legal action.

Describing the situation as alarming, Iwuchukwu questioned the breakdown of order within the market, expressing concern over what he termed the emergence of “a parallel authority” operating outside the control of the state government.

He called on the Anambra State Government, led by Charles Chukwuma Soludo, to investigate the matter and take decisive action to restore law and order, warning that failure to act could lead to wider unrest.

As of the time of filing this report, there has been no official response from relevant authorities regarding the allegations.

The Federal Government is taking steps to strengthen Nigeria’s cybersecurity framework by proposing the creation of a Cybersecurity Coordination Council.

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, said the council will bring together government agencies, private companies, and other stakeholders to enhance the nation’s ability to respond to cyber threats.

“Cybersecurity is a shared national responsibility,” Tijani said, stressing that protecting Nigeria’s digital economy requires partnerships, trust, and collective vigilance across government, industry, and civil society. He added that coordinated efforts will improve early threat detection, effective response, and the development of a resilient digital ecosystem.

He urged stakeholders to contribute to a sustainable, partnership-led cybersecurity model designed to deter cybercrime and protect citizens, businesses, and critical national infrastructure.

In a parallel move, the Nigeria Data Protection Commission (NDPC) has launched an investigation into a suspected data breach involving Remita Payment Services Limited, Sterling Bank, and other organisations.

Babatunde Bamigboye, Head of Legal, Enforcement and Regulations at NDPC, said notices of investigation were issued on April 1, 2026, and relevant parties are cooperating by providing information.

The NDPC is examining the type of personal data involved, the scope of the alleged breach, risks to affected individuals, and whether sufficient mitigation measures have been taken.

NDPC National Commissioner, Vincent Olatunji, also directed that all organisations using digital payment systems be reviewed to ensure compliance with the Nigeria Data Protection Act, 2023, and to safeguard the integrity of the country’s digital ecosystem.

President Bola Ahmed Tinubu has congratulated former Ogun State governor and current senator, Gbenga Daniel, on his 70th birthday, praising his enduring impact on Nigeria’s development.
In a personally signed statement on Monday, the President described Daniel as an accomplished engineer, entrepreneur, and politician whose success reflects dedication, resilience, and strategic insight.

Tinubu highlighted Daniel’s contributions across both private enterprise and public service, noting that his achievements were driven by “hard work, tenacity, wisdom, and courage.”

Reflecting on their long-standing political alliance, the President recalled Daniel’s involvement in his emergence as governor of Lagos State in 1999. He said Daniel worked closely with him and other allies during the campaign period to secure victory at the polls.

The President also commended Daniel’s business acumen, referencing his role as founder of Kresta Laurel, an electro-mechanical engineering firm established in 1990, which has grown into a notable enterprise.

Speaking on Daniel’s time as Ogun State governor, Tinubu noted that his administration, which began in 2003, was marked by significant strides in infrastructure development, industrialisation, education, and public-private partnerships. He also credited him with initiating key projects such as the state’s first agro-allied cargo airport and establishing Tai Solarin University of Education.

Tinubu further described Daniel as a committed progressive and loyal member of the Afenifere, acknowledging his political journey through different parties before returning to the All Progressives Congress.

As Daniel marks the milestone, the President expressed gratitude for his service to Ogun State and the nation, while wishing him continued good health and many more years of meaningful contributions.

Zenith Bank’s Winning Streak: Global Expansion, Signaling a New Era, A Surge in Shares Price and a Profitable Leadership
Nigeria’s banking sector is undergoing a structural transformation, but one institution is clearly setting the pace- Zenith Bank Plc.

From a remarkable share price rally to aggressive international expansion and sustained profitability, the bank is consolidating its position as arguably the most formidable financial institution in Nigeria today.

Since Dame Dr. Adaora Umeoji assumed office as General Managing Director/CEO, Zenith Bank has entered a visibly accelerated phase of growth, marked by stronger market performance, strategic clarity, and renewed investor confidence.

Under her leadership, the bank’s share price rally from ₦64 to over ₦100 has not only signaled market approval but also reflected deeper fundamentals, improved earnings quality, disciplined capital management, and a forward-looking growth strategy. This period has coincided with heightened institutional interest and a more assertive positioning of Zenith Bank within Nigeria’s financial ecosystem.

Beyond market performance, the bank has continued to solidify its reputation as one of Nigeria’s most profitable financial institutions, with expectations running high ahead of the 2025 full-year results. The consistency in earnings, coupled with strong balance sheet management, highlights a leadership approach focused on sustainability rather than short-term gains.

Perhaps most notably, this era has ushered in a more deliberate push into international markets. The recent commissioning of the Manchester branch, alongside planned expansions across Africa and other key financial hubs, reflects a shift from cautious expansion to calculated global ambition executed with precision rather than haste.

Taken together, these developments points to a defining reality: Zenith Bank’s current trajectory is not coincidental. It is the product of leadership that understands both the weight of legacy and the urgency of evolution. Balancing stability with bold, strategic growth.

Share Price Surge: From ₦64 to Over ₦100
One of the most striking indicators of Zenith Bank’s current momentum is its stock performance.

The bank’s share price has climbed from around ₦64 to over ₦100, crossing a historic milestone for the first time since listing an achievement underpinned by strong fundamentals and investor confidence.

Renaissance Capital raised its target price by 96% to ₦107.97, while Absa’s equity research described the stock as undervalued at just 0.5x price-to-book, implying significant upside potential.

Profitability Leadership: Nigeria’s Most Reliable Income Machine?
Zenith Bank has long been regarded as one of Nigeria’s most dependable income stocks and recent performance suggests that reputation is only strengthening.

With profit after tax hitting over ₦532 billion in H1 2025, alongside strong growth in interest income and earnings, the bank continues to outperform peers on key financial metrics.

Beyond numbers, Zenith’s strategy of early compliance with regulatory directives including a swift exit from the Central Bank’s forbearance regime demonstrates operational discipline and long-term thinking.

International Expansion:
A key milestone came with the commissioning of its Manchester branch in the United Kingdom, marking its presence in one of Europe’s major financial and commercial hubs.

This adds to an already growing international footprint spanning:

● London
● Dubai
● Paris
● Beijing
● Key African markets like Accra, Banjul, and Freetown
Zenith Bank seem to be pursuing organic expansion rather than acquisitions, aligning with founder Jim Ovia’s long-standing philosophy of controlled, sustainable growth.

The Bottom Line;
Zenith Bank’s current trajectory is not accidental, it is the result of:

● Disciplined leadership under Adaora Umeoji
● Strategic capital deployment
● Strong execution across multiple fronts
With a surging share price, industry-leading profitability, and expanding global footprint, the bank is not just participating in Nigeria’s banking evolution, it is actively shaping it.

Stakeholders of the All Progressives Congress (APC) in Sandamu Local Government Area of Katsina State have endorsed Yusuf Buhari, son of former Nigerian President, Muhammadu Buhari, as their preferred candidate for the Daura/Sandamu/Mai’adua Federal Constituency seat.

The decision was reached during a strategic meeting held at the Sandamu Local Government Secretariat, where party leaders, elected officials, and political appointees from across the constituency gathered to deliberate on the party’s direction ahead of future elections.

Speaking after the meeting, the council chairman, Usman Na Lado, described the endorsement as a unified resolution by party stakeholders aimed at strengthening the APC’s electoral prospects. He noted that Yusuf Buhari was chosen based on his perceived competence and growing acceptance within the party structure.

Na Lado also disclosed that the stakeholders used the occasion to reaffirm their support for President Bola Ahmed Tinubu and Katsina State Governor Dikko Umar Radda as the party’s candidates for the 2027 presidential and governorship elections, respectively.

In addition, the gathering endorsed the Speaker of the Katsina State House of Assembly, Nasiru Yahaya Daura, for the Daura Senatorial seat, describing the move as part of early political realignments ahead of the 2027 general elections. Party members were also urged to intensify grassroots mobilisation to consolidate support.

However, sources within the party hinted that Yusuf Buhari’s endorsement may have been influenced by the state governor, alleging that he is the preferred candidate of the current administration.

Stakeholders of the All Progressives Congress (APC) in Sandamu Local Government Area of Katsina State have endorsed Yusuf Buhari, son of former Nigerian President, Muhammadu Buhari, as their preferred candidate for the Daura/Sandamu/Mai’adua Federal Constituency seat.

The decision was reached during a strategic meeting held at the Sandamu Local Government Secretariat, where party leaders, elected officials, and political appointees from across the constituency gathered to deliberate on the party’s direction ahead of future elections.

Speaking after the meeting, the council chairman, Usman Na Lado, described the endorsement as a unified resolution by party stakeholders aimed at strengthening the APC’s electoral prospects. He noted that Yusuf Buhari was chosen based on his perceived competence and growing acceptance within the party structure.

Senator representing Ogun East, Gbenga Daniel, has expressed strong confidence in the leadership of President Bola Ahmed Tinubu, stating that the country is yet to experience the peak of his capabilities.
Daniel, a former governor of Ogun State, made this known on Wednesday in Abuja during the unveiling of four books commemorating his 70th birthday. The high-profile event attracted prominent dignitaries, including former Presidents Olusegun Obasanjo and Goodluck Jonathan.

Speaking at the ceremony held at the Yar’Adua Centre, Daniel described Tinubu as a pragmatic leader whose governance style and intellectual depth significantly influenced his time in office.

According to him, Tinubu served as a valuable source of ideas and inspiration during his tenure as governor, noting that several policies implemented in Ogun State were adapted from the President’s approach to governance.

Daniel emphasized that Tinubu remains one of the most practical-minded individuals he has encountered, adding that many political leaders have drawn lessons from his methods and vision.

Representing the President at the event, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, praised Daniel as a trusted ally and longtime associate. He commended the former governor’s achievements across engineering, business, and politics.

Tinubu, through Edun, highlighted Daniel’s entrepreneurial success, particularly his role in establishing Kresta Laurel, which has grown into a leading firm in elevator installation and maintenance in Nigeria.

He further noted that Daniel brought the same vision into governance after assuming office in 2003, with a focus on industrial growth, infrastructure development, education, and public-private partnerships. Among his notable contributions, Tinubu mentioned the development of an agro-allied cargo airport and the establishment of Tai Solarin University of Education.

Beyond personal reflections, Daniel addressed pressing national concerns, including misinformation, corruption, and declining ethical standards in public service. He stressed that poor access to credible information often leads to misguided political decisions.

On corruption, he proposed structural reforms, including the possibility of granting amnesty for the repatriation of illicit funds held abroad, noting the role of financial systems in facilitating such flows.

He also called for a revival of ethical leadership rooted in the “Omoluabi” values of integrity, accountability, and moral discipline, describing them as essential for national development.

On security, Daniel expressed support for ongoing conversations around state policing but urged the inclusion of safeguards, such as State Police Councils, to prevent misuse of power.

The event also featured the presentation of four books—Daniel in the Lions’ Den, My March through the Courts, Path to Justice, and Otunba Gbenga Daniel in the Eyes of Time—highlighting his life, career, and contributions to Nigeria’s political landscape.

Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has celebrated former Ogun State Governor, Gbenga Daniel, on his 70th birthday, applauding his role in transforming the state into a hub for business and investment.

In a goodwill message dated March 20, 2026, and sent to Daniel’s office in Maryland, Lagos, Dangote commended the former governor for establishing policies and conditions that encouraged enterprise and attracted investors to Ogun State.

According to him, the business-friendly environment created during Daniel’s administration significantly contributed to the success of his company’s operations in the state.

“Thanks to you, a conducive business environment was created in Ogun State, allowing our collaboration to grow over the years as partners in value creation,” Dangote stated in the message issued on behalf of his family, board, management, and staff.

Reflecting on their relationship of over 30 years, Dangote described Daniel—fondly known as OGD—as a dependable ally, a calm and inspiring leader, and a trusted adviser whose insights have remained valuable over time.

He also highlighted the cordial relationship between their families, acknowledging Daniel’s wife, Yeye Olufunke Daniel, and the broader Daniel family.

Daniel served as Ogun State governor from 2003 to 2011 and currently represents Ogun East in the Senate.

NGX Regulation Limited, the regulating body of the Nigerian Exchange Group (NGX Group) has imposed a sum of N291. 29 million sanctions on CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited over stock market infractions.

Ugochi Eke on behalf of the NGX Rego in a signed letter addressed to the Director-General, Securities & Exchange Commission (SEC), dated March 27, 2026 with title, “Notification of Disciplinary action-sanctions of five trading license Holders” stated that the regulation and the New Business Committee (RNBC) of NGX Regulation Limited met on Monday , 16 March 2026 and Tuesday March 17, 2026 pursuant of Section 33 of the investments and Securities Act 2025 (ISA)

According to the document obtained by THISDAY, these five firms cases were referred by the investigation panel arising from its hearing held on February 25, 2026 and March 17, 2026 in respect of alleged market manipulation and illegal market dealings.

It explained further that recurring patterns of wash trades and self- matching transactions, artificial price formation , misleading market activity ,etc were carried out by these five firms on the floor of the Exchange.

The board of NGX Regco in a meeting held on March 27, 2026 imposed a financial penalty of N91.29 million on CSL Stockbrokers Limited.

The board also imposed a financial penalty of N50 million to reflect the sanction provided in Section 139 Subsection 2 (d) (ii) of the investment and securities Act 2025 on Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited respectively.

Eke in the letter noted that a mandatory compliance and market conduct training for CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited

“These sanctions are commensurate to the infractions and to serve as a deterrence of these violations,” the statement added.

Man raises alarm after spotting a canal in Sangotedo, Lagos State being sand-filled by a real estate company. He further stated that the developers claimed they had approval from the Lagos State Government to carry out the sand-filling. pic.twitter.com/dXec7Hbicb

— 𝐀𝐬𝐚𝐤𝐲𝐆𝐑𝐍 (@AsakyGRN) March 31, 2026

The Ilorin Zonal Directorate of the EFCC has arrested a company representative, Kofoworola Motunrayo Kolawole, over an alleged fraud to the tune of N993,247,796.70 (Nine Hundred and Ninety-Three Million, Two Hundred and Forty-Seven Thousand, Seven Hundred and Ninety-Six Naira, Seventy Kobo).

The arrest of Kolawole, 37, was sequel to a petition submitted to the Commission by Predictus Remit Limited, a subsidiary of Fairmoney Microfinance Bank.

The petitioner alleged that Kolawole, alongside the company directors - Duru Ogadima, Talukder Muhammed Khalidur Rahman (both currently at large) and their firm, DKK Partners Limited, fraudulently obtained the said sum under the pretext of facilitating a foreign exchange transaction.

The funds were allegedly received on November 25, 2025, with the understanding that the Dollar equivalent of $675,219.44 (Six Hundred and Seventy-Five Thousand, Two Hundred and Nineteen United States Dollars, Forty-Four Cents) would be remitted.

Preliminary investigations by the EFCC revealed that the suspects allegedly received the funds through a Providus Bank account and, instead of executing the agreed transaction, converted the money into digital currency and diverted it for personal use.

Preparations for the 70th birthday of former Ogun State governor, Gbenga Daniel, have begun, with a lineup of activities already set in motion to mark the special occasion.

As part of the early events, a table tennis tournament is scheduled for April 4, 2026, at the Conference Hotel in Ijebu-Ode. The competition is expected to attract participants and spectators from across the state, bringing energy and excitement to the celebrations.

According to sources close to the organising committee, the sporting event is aimed not only at honouring Daniel’s legacy but also at encouraging fitness, unity, and community involvement among residents and supporters.

Gbenga Daniel, known for his influence in politics and business, remains widely regarded for his contributions to governance and development, particularly during his time as governor of Ogun State.

With the countdown underway, more activities are expected to be announced soon, as friends, political allies, and well-wishers prepare to celebrate the life and achievements of the former governor.

The Presidency has dismissed recent remarks by the African Democratic Congress (ADC) regarding President Bola Tinubu’s administration, describing them as unfair and lacking in accuracy.
Reacting to the opposition party’s birthday message to the president, his Special Assistant on Social Media, Dada Olusegun, criticised the ADC for making what he called sweeping and unsubstantiated claims. He argued that the party’s statement resembled a pessimistic broadcast rather than a constructive contribution to national discourse.

The ADC, through its National Publicity Secretary, Bolaji Abdullahi, had earlier used the occasion of Tinubu’s 74th birthday to fault the administration’s performance. Abdullahi claimed that the government’s “Renewed Hope” agenda has translated into hardship for many Nigerians, pointing to rising fuel prices and worsening economic conditions.

He also expressed concern over the country’s security situation, alleging that violence has intensified, leading to more casualties and displacement of communities.

In response, Olusegun accused the opposition of presenting a one-sided narrative by isolating issues without proper context. He maintained that challenges such as fuel pricing and insecurity are complex and require long-term strategies, noting that subsidy removal was necessary to address fiscal pressures.

The presidential aide further dismissed the ADC’s suggestion that Tinubu is nearing the end of his time in office as mere speculation. According to him, leadership in a democratic system is determined by voters, not political messaging or alliances.

Olusegun added that the opposition’s stance reflects desperation, describing its coalition efforts as fragile and unlikely to shape Nigeria’s future. He concluded by criticising the tone of the ADC’s message, saying it lacked the balance expected of meaningful national engagement.

The African Democratic Congress (ADC) has delivered a pointed message to President Bola Tinubu on his 74th birthday, highlighting the country’s ongoing economic and security struggles.
In a statement shared via his 𝕏 account, ADC National Publicity Secretary Malam Bolaji Abdullahi criticized the president’s “Renewed Hope” agenda, saying it has instead led to hardship and uncertainty for many Nigerians.

Abdullahi cited rising fuel prices and worsening insecurity as key challenges under the current administration, noting that Nigeria has climbed to fourth on the Global Terrorism Index, with thousands of lives lost to violence.

He further expressed concern over the government’s response to insurgency, arguing that language used by officials often downplays accountability for perpetrators, while families continue to suffer.

While acknowledging that birthdays are a time for reflection, Abdullahi urged President Tinubu to take governance more seriously, calling for decisive action to address economic strain, insecurity, and political concerns.

“Happy Birthday, Mr. President. As you mark another year, Nigerians reflect on a presidency whose impact is impossible to ignore. Fuel prices have surged nearly 500%, insecurity has intensified, and political freedoms are under strain. We pray that the coming year brings a renewed commitment to leadership, accountability, and the well-being of Nigerians,” the statement concluded.

Nollywood actor Yomi Fabiyi has opened up about the breakdown of his relationship with fellow actress Funke Akindele, offering insight into what he described as a disappointing experience within the movie industry.

Speaking during a live session on TikTok, Fabiyi recounted how his once-close friendship with Akindele suddenly came to an end. According to him, the two had maintained a cordial relationship for years without any known conflict.

He revealed that their last conversation occurred when he informed her about completing his house project. Since then, he claimed, all communication between them ceased without any explanation.

Reflecting on the situation, Fabiyi expressed disappointment, noting that he had believed their friendship was genuine and could not identify any wrongdoing on his part that might have caused the fallout.

The actor also used the opportunity to share his broader views on the Nigerian film industry, stating that appearances can be misleading and that people are not always as they seem behind the scenes.

In his words, the experience reinforced his belief that the industry can be unpredictable, with personal relationships sometimes ending unexpectedly.

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has revealed that 32 banks have already met the revised minimum capital requirements under the ongoing banking recapitalisation programme, hitting a significant milestone in efforts to strengthen the nation’s financial system.

Speaking at the Monetary Policy Forum in Abuja on Thursday, Cardoso described the progress as “commendable” and said it positions Nigeria’s banking sector to better support long-term investment and sustainable economic growth.

“The banking sector recapitalisation programme has recorded commendable progress, with 32 banks having already met the revised capital requirements. This achievement has significantly strengthened the resilience and capacity of the Nigerian banking system, enabling it to mobilise long-term capital, support productive investment, and play a critical role in Nigeria’s journey toward becoming a $1 trillion economy,” Cardoso said.

He emphasized that the recapitalisation is part of broader reforms aimed at improving governance and risk management across the sector. Key measures include a risk-based capital framework, phased exit from regulatory forbearance, stricter enforcement of insider lending rules, and limitations on credit to major non-performing borrowers.

The CBN governor also highlighted enhancements in supervisory capacity, including the adoption of digital early warning systems, improved off-site surveillance, and stronger cross-border supervision for Nigerian banks operating internationally.

Inflation and Monetary Policy
Cardoso noted that disciplined monetary tightening has helped reverse inflation trends, with headline inflation dropping sharply from 34.8% in December 2024 to 15.06% in February 2026. He attributed the improvement to aggressive interest rate hikes totaling 875 basis points in 2024, followed by a gradual easing to a policy rate of 26.5% in February 2026.

Foreign Exchange Reforms and Diaspora Remittances
On the foreign exchange front, the CBN cleared over $7 billion in verified FX backlogs and introduced a rule-based willing-buyer willing-seller system to enhance transparency. These reforms, along with tighter reporting standards and improved market surveillance, reduced the parallel market premium to below 2%.

Diaspora remittances have also surged, rising from about $200 million to $600 million monthly, with a target of $1 billion per month by the end of 2026. The CBN credited the growth to better settlement systems and regulatory oversight.

Strengthened Reserves and Policy Credibility
Gross external reserves rose to $50.12 billion in February 2026, up from $38.34 billion a year earlier, while net reserves climbed from $3.99 billion at the end of 2023 to $34.80 billion in 2025. Cardoso said improved reserve management, diversification strategies including gold integration, and stronger external asset management frameworks drove this growth.

He also highlighted reforms in fiscal-monetary coordination, noting a sharp reduction in Ways and Means financing from N26.95 trillion in May 2023 to N2.84 trillion by January 2026, restoring central bank independence and ending fiscal dominance. These reforms have earned Nigeria sovereign rating upgrades and recognition from the IMF.

Outlook
Looking forward, Cardoso said the next phase of reforms will focus on consolidating gains by targeting single-digit inflation, sustaining exchange rate stability, and strengthening reserves. He projected domestic growth of 4.49% in 2026, cautioning that global risks such as geopolitical tensions and oil price volatility remain.

“The most challenging phase of macroeconomic adjustment is now behind us. Continued collaboration across all stakeholders is critical to sustaining the gains,” Cardoso said.

The CBN earlier reported that Nigerian banks raised a total of N4.61 trillion in fresh capital under the recapitalisation programme, reflecting strong investor confidence and increased foreign participation.

Justice Chukwujekwu Aneke of the Federal High Court in Lagos has fixed April 30, 2026, to deliver a ruling on an application by Petrocam Trading Nigeria Limited seeking to lift an interim order freezing its bank accounts over an alleged N9.05 billion debt.

The freeze order was earlier granted following an ex parte motion filed by a commercial bank in Suit No: FHC/L/CS/393/2026 to safeguard funds it claims are owed by Petrocam and its principal, Patrick Ilo, as of May 31, 2025.

At the resumed hearing, Petrocam’s legal team, led by Gboyega Oyewole (SAN) alongside Supo Ati-John (SAN), asked the court to set aside the order, arguing that it was obtained without full disclosure of relevant facts and has severely disrupted the company’s operations.

Counsel told the court that Petrocam remains an active business with operations across the country, stressing that the continued restriction on its accounts has caused significant financial strain, even though there is no risk of the company dissipating funds.

In a supporting affidavit deposed to by its Head of Trade, Sunmola Omolara, the company denied owing the bank, maintaining that it had fully repaid a 2014 import finance facility. It stated that over N7.4 billion from petroleum product sales was paid directly to the bank, supported by transaction records and agreements involving major industry players such as Total Nigeria Plc and Oando Plc.

Petrocam explained that the facility was structured to be repaid through proceeds from petroleum sales and Sovereign Debt Notes issued under the Federal Government’s fuel subsidy programme. It added that any temporary payment gaps were due to delays in government reimbursements, which were eventually cleared between 2019 and 2020.

The company further claimed that all interest on the facility had been waived and settled through the Debt Management Office, noting that the bank was aware of and participated in the subsidy-backed arrangement.

A major part of Petrocam’s argument is that the bank allegedly failed to comply with a directive from the Central Bank of Nigeria requiring a full waiver of interest on subsidy-related debts, while continuing to apply interest charges as recently as 2023 and 2024.

It also alleged that regulatory authorities had directed the bank to refund excess charges, which it claims has not been done.

Petrocam relied on a Letter of Non-Indebtedness dated December 16, 2024, purportedly issued by the bank, stating that its account was in credit apart from a contingent liability tied to a bank guarantee. The company argued that the bank’s current claim of a N9 billion debt contradicts this position and undermines the basis for freezing its accounts.

The firm also contended that no valid demand notice was served before the lawsuit, describing a June 2025 demand letter sent to an incorrect address as an afterthought.

In addition, Petrocam accused the bank of mismanaging the facility, including failing to secure foreign exchange for letters of credit and improperly accounting for funds remitted.

Patrick Ilo, named as the second defendant, has asked the court to remove his name from the suit, insisting he did not provide any personal guarantee and acted solely on behalf of the company. He also denied any allegations of fraud or diversion of funds.

The defendants argued that the bank did not meet the legal requirements for obtaining the freezing order and maintained that there is no substantial issue for trial, especially in light of the alleged confirmation of non-indebtedness. They added that the balance of convenience favours Petrocam, which is currently unable to operate normally due to the restrictions, while the bank can be compensated if it succeeds at trial.

However, counsel to the bank, Chief Ajibola Aribisala (SAN), opposed the application, urging the court to maintain the freeze order. He argued that the bank’s claim is based on an existing debt and that the issues raised by Petrocam should be determined during the full trial rather than at the interlocutory stage.

Aribisala further maintained that the order is necessary to preserve the subject matter of the case, warning that lifting it could jeopardise the bank’s chances of recovering the alleged debt.

After hearing arguments from both sides, Justice Aneke adjourned the matter for ruling on April 30, 2026.

In a bold and forward-thinking initiative aimed at empowering the next generation, The Senator, H E Otunba Gbenga Daniel, in collaboration with the National Productivity Centre under the Federal Ministry of Labour and Employment, has successfully organized a comprehensive training programme focused on Data Automation and Digital Presence for young people across Ogun East Senatorial District.

This impactful training programme was carefully designed to target youths and students from various communities within the senatorial district, with the primary objective of equipping them with relevant digital skills needed to thrive in today’s rapidly evolving technological world. As nations across the globe continue to embrace digital transformation as a catalyst for economic growth and sustainable development, this initiative stands as a timely intervention to prepare Ogun East youths for the future of work and innovation.

The training exposed participants to practical knowledge in data automation, digital tools, online branding, and effective digital communication strategies. By doing so, it not only enhances their employability but also empowers them to become self-reliant, creative, and solution-driven individuals capable of contributing meaningfully to national development.

In an era where digital efficiency drives productivity, the programme serves as a bridge connecting local talents to global opportunities.

Beyond skill acquisition, the initiative also seeks to reshape the mindset and orientation of young people. Participants are encouraged to see themselves as change makers individuals who can leverage technology to solve societal problems, create value, and inspire positive transformation within their communities.

This aligns with the broader vision of building a digitally competent and economically productive youth population in Ogun East and the nation at large.

The event, facilitated by Senator Gbenga Daniel, further reinforces his commitment to human capital development and youth empowerment. As a representative of Ogun East, his continued investment in capacity-building initiatives demonstrates a clear understanding that the future of the region and indeed the nation rests in the hands of a well-equipped and forward-looking younger generation.

Ultimately, this training programme is more than just an educational exercise; it is a strategic step toward fostering innovation, reducing unemployment, and promoting sustainable development.

By empowering youths with digital competencies and the right mindset, the initiative lays a strong foundation for long-term growth, positioning Ogun East as a hub for emerging talents and digital excellence.

Keshinro commends Mr Governor, LSSTF Boss on joint training of security personnel in Lagos .
The invitation to the opening ceremony of the state wide training for security operatives in Lagos State, by the Lagos State Security Trust Fund ( LSSTF ) came as an undoubtedly unprecedented approach to enhancing the already cemented relationship amongst all the security agencies in the state.

The Chief Executive Officer ( CEO ) and Executive Secretary ( ES ) of the Fund, Dr Ayo Ogunsan seized the two ( 2 ) – Day capacity training scheduled to hold between Wednesday, 25th and Thursday, 26th March, 2026 as a very veritable platform to appreciate Mr Governor of Lagos State, Mr Babajide Olusola Sanwo – Olu for his unwavering support to the LSSTF and the security agencies in the state.

The CEO/ES of the Fund, Dr Ayo Ogunsan also disclosed that the training came with high hope and focus to build human capacity, mutual trust and operational efficiency amongst personnel, in a bid to meet the expectations of participants drawn from various security agencies in a bid to better make the state secured and safer .

The ES of the Fund disclosed that the training will continue in batches for the next ten ( 10 ) months and seized the opportunity to seriously charge participants to take good advantage of it by using it to drive the needed security improvements in the state .

The State Commandant, Nigeria Security and Civil Defence Corps ( NSCDC ), Lagos State Command, Mr Adedotun Keshinro commended Mr Governor and the LSSTF boss for making such full bright initiative see the light of the day in Lagos State so as to enhance the human capacity of our operatives in the state .

He seized the opportunity to further postulate that joint human capacity training such as this will help to further assist security agencies possess the required intellectual tools needed to better discharge their statutory duties without unnecessary rivalry and friction.

The Lagos State Commandant of the NSCDC also commended the distinguished Service Commanders of the Nigerian Army ( NA ), Nigeria Police Force ( NPF ), Nigeria Immigration Service ( NIS ), Federal Road Safety Corps ( FRSC ), National Drug Law Enforcement Agency ( NDLEA ), Lagos State Traffic Management Authority ( LASTMA ), Lagos Neighbourhood Safety Corps ( LNSC ), other participating services and the media at the training, for their unwavering support to the Corps since he resumed office in the state.

Signed .
SC Oluwaseun Abolurin , fcss, mis, pjsc, anipr ,
Civil Defence PRO,
Lagos State Command .
Wednesday, 25th March, 2026.

As the March 31, 2026 deadline set by President Bola Ahmed Tinubu approaches, several ministers and political appointees are carefully assessing their chances of electoral success before deciding whether to resign and pursue ambitions for the 2027 general elections.

The directive requires any appointee seeking elective office to step down, placing many cabinet members in a difficult position. For those eyeing governorship and other political seats, the decision involves balancing the security and influence of their current roles against the uncertainty of electoral contests shaped by intense party rivalries and local political dynamics.

At least nine ministers are reportedly considering resignation to pursue political ambitions in their respective states. Among them is Minister of Power, Adebayo Adelabu, who is expected to contest the Oyo State governorship. Minister of Health and Social Welfare, Muhammad Ali Pate, and Minister of Foreign Affairs, Yusuf Maitama Tuggar, are both linked to the Bauchi State governorship race.

In the South-East, Minister of State for Labour, Nkeiruka Onyejeocha, is weighing a return to the National Assembly or a governorship bid in Abia State. Minister of Agriculture, Abubakar Kyari, is believed to be preparing for a governorship run in Borno State, while Saidu Ahmed Alkali is associated with similar ambitions in Gombe State.

Minister of Communications and Digital Economy, Bosun Tijani, may test his political strength in Ogun State, while Minister of Humanitarian Affairs, Bernard Doro, is reportedly eyeing a senatorial seat in Plateau State. Ekperikpe Ekpo is also projected to join the Akwa Ibom governorship race.

These potential exits are expected to occur before party primaries scheduled between April 22 and May 20, in line with electoral laws and party regulations.

Beyond the federal cabinet, other political figures are positioning themselves for 2027 contests. In Kwara State, notable names linked to the governorship race include Issa Onilu, Abubakar Olanrewaju Suleiman and Wale Sulaiman.

However, the path to electoral success is far from straightforward. Many of the ministers face entrenched opposition structures, internal party divisions and zoning arrangements that could significantly affect their chances.

For Adelabu, the dominance of Governor Seyi Makinde and the strong structure of the Peoples Democratic Party (PDP) in Oyo State present a major hurdle. Internal divisions within the All Progressives Congress (APC) and lingering concerns about his performance in the power sector may also complicate his bid.

Similarly, Muhammad Ali Pate faces structural challenges in Bauchi State, including zoning dynamics that may not favour his region and his relatively limited grassroots political network. Yusuf Tuggar must also contend with party factionalism and the need to translate his national profile into local political support.

In[b] Ogun State, Bosun Tijani’s achievements in digital innovation may boost his credentials, but analysts say converting federal accomplishments into grassroots popularity could prove difficult.
[/b]
Meanwhile, Abubakar Kyari’s prospects in Borno State may be influenced by public perception of rising food prices, while other aspirants must navigate complex local political alliances and voter expectations.

Some appointees are reportedly hesitant to resign immediately, as remaining in office offers strategic advantages, including access to influence and resources. Others are waiting for clearer signals from party leaders, particularly regarding zoning arrangements and endorsements.

Political observers say this hesitation reflects uncertainty about party popularity and the implications of internal primary systems. Some aspirants are also believed to be seeking approval from political leaders before making their moves.

Despite concerns about potential disruptions, analysts insist governance will continue even if several ministers step down. Administrative processes would allow permanent secretaries to assume interim leadership roles until new appointments are made.

However, experts warn that the departure of key officials could expose institutional weaknesses and slow decision-making across ministries, especially in politically sensitive sectors.

The unfolding situation highlights a recurring pattern in governance, where public office often serves as a platform for future political ambitions. As the deadline approaches, ministers must decide whether to remain in office or take the political gamble of returning to grassroots politics in pursuit of higher office.

PREMIUM TIMES has obtained fresh details suggesting an elaborate plot by suspected coup conspirators to storm Nigeria’s seat of power, seize the Presidential Villa, and capture President Bola Tinubu and other top officials in a coordinated operation that spanned key military and national assets.

Findings show that beyond earlier reports of assassination plans, the alleged plotters also designed a multi-layered operation aimed at taking control of Aso Rock and other key locations, neutralising top military leadership, and decapitating Nigeria’s command and leadership structures.

At the heart of the alleged conspiracy was a plan to overrun the Presidential Villa in Abuja, Nigeria’s most fortified political stronghold, and capture President Tinubu, along with Vice President Kashim Shettima.

Senate President Godswill Akpabio and House Speaker Tajudeen Abbas were also to be captured and possibly eliminated.

Investigators say specific officers were detailed to lead the assault on the Villa, forming what sources described as the “decapitation unit” of the operation.

The alleged plan extended beyond political leaders to include key security figures such as National Security Adviser Nuhu Ribadu, then Inspector-General of Police Kayode Egbetokun, and State Security Service Director-General Adeola Ajayi, all of whom were marked as high-value targets.

According to this newspaper’s multiple reliable insiders, the operation was structured like a full-scale military takeover, with units assigned to seize strategic installations simultaneously.

While one team moved on the Presidential Villa, another was tasked with taking control of the Niger Barracks, a critical military formation overlooking the presidential Villa and housing the country’s top military chiefs.

There, specific officers were allegedly assigned to eliminate top-ranking officers, including the Chief of Defence Staff and service chiefs.

Additional units were designated to capture the Armed Forces of Nigeria Complex in the Garki District of the nation’s capital and secure the Nnamdi Azikiwe International Airport, effectively cutting off both military coordination and escape routes.

One senior security source described the plan as “highly coordinated, with clear command structures, targets, and timelines,” suggesting it went far beyond a loose conspiracy.

Investigators say the network cut across operational, logistical, and psychological components, from battlefield coordination to messaging.

According to investigators, Officers A.A. Hayatu, D. Yusuf, M.A. Usman, Binuga, and A.A. Yusuf were assigned to strike at the Presidential Villa.

Lieutenant Colonel S. Bappah was assigned to eliminate the Chief of Defence Staff. Lieutenant Colonel P. Dangnap was tasked with taking down the Chief of Army Staff.

A.A. Dauda was to target the Chief of Air Staff, while Major Jiddah was assigned to eliminate the Commander of the Guards Brigade.

Sources say this phase of the operation was designed to paralyse military response and prevent organised resistance to the takeover.

Beyond Aso Rock and the Niger Barracks, the alleged plot extended to other critical installations in Abuja.

Officer D.B. Abdullahi was designated to lead the team tasked with seizing the Armed Forces of Nigeria Complex.

Officer S.B. Adamu was assigned to head operations to take control of the Nnamdi Azikiwe International Airport, securing entry and exit routes into the capital.

The coordinated seizure of these sites, investigators say, would have effectively handed operational control of the capital to the plotters within hours.

The alleged conspiracy involved at least 40 suspects, including senior officers such as Brigadier General M.A. Sadiq, and Colonel M.A. Ma’aji, as well as several lieutenant colonels drawn from signals, infantry, and special forces units.

Other named officers include Lieutenant Colonels A.A. Hayatu, P. Dangnap, M. Almakura, and S.M. Gana, as well asMajors and Captains embedded across various units.

Investigators say the network also included civilians positioned for support roles. Among them were Umoru Zekeri, identified as an electrician within the Presidential Villa; Ali Isah, an ambulance driver; and Nollywood actor Stanley Kingsley Amandi, allegedly recruited to coordinate propaganda efforts during the operation.

Weapons stockpile and logistics
Security agencies recovered a significant cache of weapons and operational assets linked to the suspects. These include gun trucks, anti-aircraft weapons, RPG bombs, machine guns, and large quantities of ammunition.

Also seized were dozens of vehicles, including Toyota Hilux trucks and Volkswagen Golf cars, believed to have been procured for rapid deployment and covert movement within Abuja.

Sources familiar with the investigation said the scale of the recoveries indicated “serious intent and preparedness,” reinforcing concerns about how close the plot may have come to execution.

The suspects were arrested in a covert joint operation involving Army Headquarters and the State Security Service. Many remain in detention, while others, particularly civilians linked to financing and logistics, are being investigated by the Economic and Financial Crimes Commission (EFCC) and the SSS.

The Defence Headquarters has since confirmed that investigations are complete and that the findings have been submitted to higher authorities for action, describing the alleged conduct as a grave breach of military ethics and professional standards.

Two high-profile figures (a retired major general and former Bayelsa State governor Timipre Sylva) have been named in connection with the network and are currently at large.

Families of coup suspects push back
However, the narrative from authorities has been strongly contested by families of the detained coup suspects, who say their husbands and relatives have been held for over 160 days without a fair hearing.

At a recent press conference, the families demanded an open trial and access to the detainees, alleging inconsistencies in the official account and warning against “trial by media.”

They also questioned shifting claims about funds allegedly linked to the suspects and urged the government to uphold constitutional guarantees of due process.

“We are not asking for favours,” the families said. “We are asking for justice, transparency, and the truth.”

With authorities saying investigations have been concluded, attention is now turning to the next phase — prosecution.

But questions remain over whether the suspects will face a public trial, as demanded by their families, or be subjected to closed military proceedings.

The United States and Israel launched coordinated attacks on Iran on February 28, 2026, triggering far-reaching geopolitical and economic consequences. The military action, ordered by US President Donald Trump and supported by Israeli Prime Minister Benjamin Netanyahu, disrupted a period of relative calm following a ceasefire in Gaza.

Russia is emerging as one of the biggest beneficiaries. The war has driven global oil and gas prices sharply higher, boosting Moscow’s export revenues and strengthening its capacity to sustain its war in Ukraine. The US decision to temporarily ease sanctions on Russian oil has further improved Russia’s position. Beyond energy, Russia could gain leverage in global fertiliser markets, while the conflict provides Moscow with a propaganda advantage, allowing it to deflect criticism of its invasion of Ukraine by highlighting perceived double standards in international law.

Israel also stands to gain strategically. Continued strikes have weakened Iran’s military infrastructure and reduced the operational capacity of its regional allies, including Hamas and Hezbollah. This could limit future threats to Israel, while offering political benefits to Netanyahu ahead of upcoming elections.

China, though facing short-term economic pressure from rising energy costs, may benefit in the long run. With a diversified energy mix and strong investments in renewables, Beijing is better positioned than many economies to absorb shocks. China could strengthen its global influence by presenting itself as a more stable and predictable partner than the United States. Increased demand for renewable technologies may also boost Chinese exports in sectors such as solar energy and electric vehicles.

The most immediate victims are the Iranian people. Thousands have reportedly been killed or injured since the conflict began, with civilian infrastructure heavily impacted. The war has compounded existing internal unrest following a deadly crackdown on protests in late 2025 and early 2026. Despite these pressures, Iran’s leadership remains in control. The rise of Mojtaba Khamenei after the death of Ali Khamenei signals continuity in governance, though potentially with a harder stance both domestically and internationally.

Elsewhere in the region, civilians in Lebanon and Palestinian territories are suffering. Israeli operations have caused significant casualties and displacement in Lebanon, while conditions in Gaza and the West Bank continue to deteriorate amid intensified restrictions and military actions. Gulf states, though less affected by direct violence, face severe economic risks. Disruptions in the Strait of Hormuz have forced major oil producers like Saudi Arabia and Iraq to reduce output, threatening global supply chains and national revenues.

Europe is among the hardest hit outside the Middle East. Rising energy prices are adding to economic strain, particularly as the continent remains dependent on global oil and gas markets. The conflict also undermines international legal norms that have long underpinned European security. Ukraine faces heightened vulnerability as US military resources are redirected to the Middle East, leaving its infrastructure exposed to Russian attacks. Türkiye may also feel the impact through reduced tourism and renewed instability linked to Kurdish tensions along its borders.

Despite initiating the conflict, the United States itself may ultimately be among the losers. While higher energy prices benefit American producers, they also increase costs for consumers and strain the broader economy. The war has damaged US diplomatic relations, particularly with Gulf allies who were unprepared for the scale of Iran’s retaliation. Trump’s demands for international support in securing the Strait of Hormuz have been met with resistance, further isolating Washington from its traditional partners. The financial cost of the war is mounting rapidly, with billions already spent in its early days.

The conflict highlights a lack of strategic planning, drawing parallels with past US military engagements in Iraq and Afghanistan. Geopolitical rivals such as Russia and China appear poised to gain the most, while US allies in Europe and the Middle East bear significant losses. For Europe, the crisis underscores the urgent need to reduce reliance on fossil fuels and strengthen independent defence capabilities. Ukraine may seek to offset its disadvantages by leveraging its expertise in drone warfare to build alliances with Gulf states.

The war in Iran is reshaping global power dynamics, with consequences extending far beyond the battlefield. While some nations may gain economically or strategically, the overall picture is one of instability, rising costs, and human suffering.

President Bola Ahmed Tinubu has disclosed that Nigeria has secured fresh military support from France following a high-level telephone conversation with French President Emmanuel Macron, as the country grapples with renewed terrorist attacks.

Speaking on Sunday in Lagos while hosting Vice President Kashim Shettima and 23 state governors for the Eid al-Fitr celebrations, Tinubu said the discussion with Macron focused on strengthening security cooperation, including the provision of defence equipment and strategic support.

The development comes in the wake of deadly explosions in Maiduguri, where at least 23 people were killed last Monday in coordinated bomb attacks. The blasts occurred around 7 p.m. on March 16, targeting the Post Office area, the busy Monday Market axis, and the entrance to the University of Maiduguri Teaching Hospital.

Describing insecurity as a critical challenge facing his administration, Tinubu said efforts are ongoing to deepen international partnerships to tackle terrorism and restore stability.

“Insecurity remains the next phase of our struggle. It threatens development, progress, and prosperity, and we must confront it decisively,” the president stated.

He revealed that beyond France, discussions during his recent visit to the United Kingdom also centred on securing military equipment and support, adding that Nigeria is engaging multiple countries to bolster its security architecture.

Tinubu urged state governors to remain committed to policies that directly improve citizens’ welfare while supporting federal efforts to combat criminal activities nationwide. He also called for increased attention to vulnerable populations, warning that the ongoing Middle East crisis could worsen inflation and reduce purchasing power.

According to him, rising global tensions may push up energy and transportation costs, making it necessary for state governments to introduce measures that cushion the economic impact on citizens.

The president commended Vice President Kashim Shettima for visiting Borno State to commiserate with victims of the attacks and assured residents of enhanced protection through the deployment of advanced security technologies.

Tinubu recently returned from a three-day state visit to the United Kingdom, where he met with King Charles III and held talks with Prime Minister Keir Starmer, focusing on bilateral relations and investment opportunities.

Also speaking at the gathering, Chairman of the Nigerian Governors’ Forum and Kwara State Governor, AbdulRahman AbdulRazaq, praised the president’s leadership and reaffirmed the governors’ commitment to addressing insecurity.

He noted that discussions on the establishment of state police are ongoing, with proposals expected to be forwarded to the National Assembly to create a legal framework for its implementation.

The meeting was attended by governors from across the country, alongside senior government officials, as part of efforts to strengthen collaboration between federal and state authorities in tackling Nigeria’s security and economic challenges.

The Governor of Anambra State, Prof. Charles Soludo has appointed Tobechukwu Nweke SAN as the new Attorney General of Anambra State. The appointment was announced today 24th March, 2026.

Tobechukwu Nweke is a Senior Advocate of Nigeria and a chattered arbitrator, a native of Nsugbe, Anambra East Local Government Area of Anambra State

He studied law at the University of Nigeria, Enugu Campus and graduated in 2008. He proceeded to the Nigerian Law School, Abuja and was thereafter called to the Nigerian Bar in November, 2009, as Barrister and Solicitor of the Supreme Court of Nigeria.

In 2018, he ventured into arbitration and eventually attained the peak of the profession and was in 2023 conferred with the esteemed rank of Fellow of the Chartered Institute of Arbitrators, United Kingdom (FCIArb (UK).

He studied a short course in “Project Risk Management” in the prestigious University of Oxford, United Kingdom and earned a Certificate from the University in February 2025

He also studied a short course in “Contract Law: From Trust to Promise to Contract” at the prestigious Havard University, USA and earned a Certificate from the University in February 2026

Tobechukwu is a holder of a masters degree in law (LLM) from Chukwuemeka Odumegwu Ojukwu University, Anambra State

He started his law career at the law office of Dr. Onyechi Ikpeazu SAN & Co. in Abuja where he did his National Youth Service Programme from 2009 to 2010. He was thereafter retained as a Solicitor in the Firm and barely four years after, he rose to become the Managing Solicitor of the Firm in 2013. He had a robust legal practice in the Firm and has to his credit, numerous land mark cases which have shaped the legal jurisprudence in Nigeria.

In recognition of his contributions to the development of law in Nigeria and his excellence in the practice of law, he was elevated to the rank of Senior Advocate of Nigeria (SAN) in September 2024 at the age of 39 years. He is reported to be the youngest Senior Advocate of Nigeria from Anambra State and one of the youngest in Nigeria

Tobechukwu had his primary school education at All Saints Premier Primary School, Onitsha and his secondary school education at Dennis Memorial Grammar School, (DMGS) Onitsha between the year 1995 to 2001.

Before his appointment as the Honourable Attorney General of Anambra State, he was the Special Adviser to the Governor on Legal Matters and was appointed into that office in 2022.

This is the first time after 20 years, that an SAN is appointed as Attorney General of Anambra State. The last SAN who held that office is Nnoruka Udechukwu SAN.who served during Ngige regime between 2003 and 2006.

Many people have lauded Governor Soludo for the appointment describing it as one done on merit rather than on political consideration, bearing in mind the sensitive nature of that office in the government of the State

The Defence Industries Corporation of Nigeria–D7G has announced plans to construct Nigeria’s first military jetty near Tin Can Island Port, Lagos, a project set to boost defence production and generate over 7,000 direct jobs.

The CEO of DICON-D7G, Mr. Osman Chennar, described the jetty as a “strategic national asset” that will enhance Nigeria’s defence logistics, improve efficiency, and strengthen local manufacturing.

“This facility will transform how Nigeria sources, assembles, produces, and exports defence equipment,” Chennar said, noting that it will reduce reliance on third-party maritime logistics, cut turnaround times, and lower demurrage costs.

Once operational, the jetty will employ over 2,000 retired senior military officers and 5,000 skilled civilians, including engineers, welders, drone specialists, and logistics experts.

The jetty will support the production and assembly of small and medium arms, tactical drones, unmanned systems, anti-jammer drones, and MRAP vehicles.

DICON-D7G has already begun producing DG103 rifles in Kaduna for both Nigerian and African markets.

Major General Mainasara Abdul Masanawa (retd.) said the project marks a turning point in Nigeria’s defence self-reliance, positioning the country as a hub for defence manufacturing while conserving foreign exchange and advancing technology transfer.

Scheduled for launch in June 2026, the jetty aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, combining defence industrialisation with economic growth and job creation.

As April 6 draws close, former Ogun State Governor and Senator, Otunba Gbenga Daniel, will turn 70 years old. Tributes have already begun to pour in, celebrating the life and legacy of the Ogun East lawmaker. Here is a tribute from the Awolowo Family. Read:


At seventy, it is fitting to celebrate a life marked not only by public service, but by loyalty and a constancy of conviction that has endured across the decades.

My association with His Excellency, The Senator, Otunba Gbenga Daniel, is one that has been enriched by a shared reverence for the legacy of Papa Obafemi Awolowo. I first came to know him through Mama, Yeye Oodua H. I. D. Awolowo, whom he and his dear wife doted on with extraordinary devotion. They took remarkable care of her, and she returned their affection in full measure.

At one point, Mama co-opted him into a quiet but determined campaign to persuade me to return home to Nigeria from the United Kingdom. True to form, he embraced the assignment with characteristic dedication. He came all the way to the UK to visit me and my family and, later, invited us on an official visit to his state in his capacity as Governor. All of this he did with great warmth and hospitality, but without expressly revealing the true purpose of his mission, which, of course, was to bring me back home and make Mama happy.

What made the entire enterprise even more amusing is that I never told him that I knew exactly what they were up to. So, we both played our parts faithfully in that gentle charade, each indulging the other out of respect for Mama.

His loyalty to the ideals and legacy of Awo has never been in doubt. He remains an unapologetic, unabashed, and steadfast supporter of everything connected to Awo. Over the years, that loyalty has translated into tangible support for the work of the Obafemi Awolowo Foundation.

This was especially evident during the celebrations marking the centenary of Awo’s birth in 2009. The Foundation’s year-long programme of commemorative events was made possible in no small measure by the support of his administration. Beyond institutional backing, he gave generously of his personal presence, attending many of the events and lending them the dignity and encouragement that only a committed friend of the cause could provide. Notably, he was present at the book launch co-hosted by the Foundation at the SOAS University of London, demonstrating once again that his commitment extended well beyond Nigeria’s shores.

During his tenure as Governor, his administration also made admirable efforts to revive and make functional the Dideolu Specialist Hospital, a gesture that spoke volumes about both his sense of duty and his deep respect for Mama.

But beyond titles and offices, what we celebrate today is a man whose loyalty has been unwavering, whose friendship has been sincere, and whose commitment to the ideals of Awo has remained steadfast.

As you mark this significant milestone, we wish you robust health, renewed strength, and many more years of purposeful engagement. May the years ahead bring you abiding joy, deep personal fulfilment, and the continued respect of all whose lives you have touched. And may you long continue to stand, as you always have, as a loyal friend, a steadfast ally, and a proud standard-bearer of the enduring ideals of Awo.

I seize this opportunity to warmly congratulate your dear wife, Yeye Olufunke Daniel, and your entire family, whose committed support have served as a steady anchor for your many accomplishments over the years.

Have a wonderful celebration!

Ambassador Dr O. Awolowo Dosumu & Family

Nigerian billionaire entrepreneur Folorunso Alakija has been ranked the second richest woman in Africa in the latest list released by Forbes, reaffirming her position as one of the continent’s most powerful business figures.

With an estimated net worth exceeding $1 billion, Alakija has maintained her status as the richest woman in Nigeria for several years. Her wealth stems largely from her investments in the oil and gas sector, alongside ventures in fashion printing and real estate.

She is the founder and managing director of Rose of Sharon Group, a diversified conglomerate with interests spanning multiple key industries.

Leading the ranking is Angolan business magnate Isabel dos Santos, whose fortune is estimated at $2.2 billion. Nigerian entrepreneur Bola Shagaya occupies the third position with an estimated net worth of $630 million.

The ranking underscores the rising economic influence of women across Africa, particularly in sectors such as energy, finance, and manufacturing. Notably, South Africa recorded the highest number of entries, with six women featured on the list, highlighting its strong presence in the continent’s business landscape.

According to Forbes, the list focuses on women with a minimum net worth of $10 million, celebrating those who have not only built significant wealth but also contributed meaningfully to economic development in their respective countries.

Born on July 15, 1951, in Ikorodu, Lagos State, Alakija has built a formidable reputation through decades of strategic investments and entrepreneurship. Her journey from the fashion industry to becoming a key player in Nigeria’s oil and gas sector reflects resilience, innovation, and sharp business acumen.

Beyond her business success, she is also widely recognized for her philanthropic work, supporting initiatives in education, healthcare, and community development.

Alakija’s continued presence among Africa’s wealthiest women highlights her enduring influence and the growing role of female entrepreneurs in shaping the continent’s economic future.

clearance achieved from Illela through Silame LGA in Sokoto State — a major milestone unlocked.

Works now advancing toward the Kebbi State border, with contractors fully mobilized for alignment preparation and preliminary construction.

This vital link will bridge Sokoto and Kebbi States within Nigeria's flagship 1,068 km transnational corridor — connecting the Northwest to the Southwest and unlocking massive economic potential.

Using advanced techniques like Continuously Reinforced Concrete Pavement (CRCP), the project delivers durability, safety, and long-term value.Progress is measurable, momentum is strong — delivering renewed hope through world-class infrastructure.

Inspected under the leadership of:
Sokoto State Controller, FMW — Engr. Kasim Maigwandu Reported by:
Sokoto State Field Supervisors: Habibu Bello Mayana & Sagir Usman