KontactMedia: A growing wave of public outrage has trailed allegations against fintech platform PalmPay over its handling of a ₦241,000 erroneous transfer case, with stakeholders now calling for regulatory scrutiny by the Central Bank of Nigeria (CBN).
The controversy follows a distress appeal by a Nigerian businesswoman, Mrs. Oyedeji, who claims PalmPay has failed to act despite clear indications that the recipient account linked to the transaction has been frozen.
According to Mrs. Oyedeji, the incident occurred on May 8, 2026, when she mistakenly transferred ₦241,000 from her Moniepoint account into a PalmPay account. Upon promptly reporting the error, her bank reportedly confirmed that the beneficiary account had been restricted and advised her to escalate the matter to PalmPay for resolution.
However, weeks after the incident, she alleges that PalmPay has neither provided a clear pathway for redress nor demonstrated urgency in resolving the issue, repeatedly informing her that “nothing can be done.”
This country is finished. If you don't have money forget about it in Nigeria. Last year December, my uncle tried to send me 250k so he mistakenly sent it to someone whose name is exactly like my own just a slight difference. We contacted UBA and before one week the money was reversed to my uncle without a court order. Have money oooo
OP's Comment on the article: It's just a matter of time, what is done in the dark, will definitely come to light. It's a Cosmic Law. Enjoy your ill-gotten largesse while you can, the day of reckoning speedily approaches. NLFPMOD-you may want to take this to the front-page perhaps?
Nigerian girls, make una check weda una boyfriend de there.
Back to business, deporting them so that they can come and continue from where they stopped? Una prison don full?
helinues: Not deregistering the party wouldn't have made any difference as they don't even have structures across Nigeria
Labour party didn't have structure in 2023 but an Okada man won election with the party. We're taking this structure thing too seriously in this country.
The removal of the fuel subsidy has freed up significant resources, leading to a surge in federation revenues and more funds flowing to states and local governments for infrastructure, salaries, and development. Government revenues have improved considerably, reducing dependence on borrowing to fund recurrent expenditure.
2.Local Government Autonomy
The push for financial autonomy for local governments is a major structural reform. It aims to ensure that funds allocated to local governments reach them directly, thereby improving grassroots development, accountability, and service delivery across communities.
3. Tax Reform
Ongoing tax reforms seek to simplify the tax system, reduce multiple taxation, improve compliance, expand the tax net, and create a more business-friendly environment. The goal is to increase government revenue without overburdening productive businesses.
4. GDP Growth and Economic Stabilization
Q1 2026 recorded growth of approximately 3.89%. The non-oil sector continues to contribute the majority of GDP, indicating gradual economic diversification. Foreign exchange reforms and improved macroeconomic management have helped restore investor confidence and support economic expansion.
5.Banking Sector Reform and Recapitalisation
The Central Bank's recapitalisation programme is strengthening Nigerian banks, enabling them to finance larger projects, support economic growth, withstand external shocks, and compete more effectively on the global stage.
6. Credit Reform
Efforts to improve access to credit through credit reporting systems, consumer lending frameworks, and support for SMEs are gradually expanding financial inclusion and economic participation.
7. Education Access Through NELFUND and Academic Stability
Over 1.5 million students are benefiting from student loan programmes, significantly improving access to tertiary education. Government engagement with stakeholders has also contributed to a relatively more stable academic calendar compared to previous years characterized by prolonged strikes.
8. Health Sector Reform
Increased investments in primary healthcare, health insurance expansion, and initiatives aimed at reducing medical tourism are laying the foundation for a stronger healthcare system including training and engagement of 774 health fellows and rebuilding of health centers across Nigeria
9. Minimum Wage Reform
The approval of a new national minimum wage represents a significant improvement in workers' earnings and purchasing power, especially amidst inflationary pressures.
10. Police Reform and Security Investments
Increased investments in equipment, technology, intelligence gathering, and welfare for security personnel demonstrate commitment to improving national security. Passage of State Police bill also indicate willingness to explore constitutional solutions to insecurity.
11. Strengthening Foreign Reserves and FX Stability
External reserves have risen significantly, reaching multi-year highs. Improved reserve levels enhance the country's ability to defend its currency, meet external obligations, and attract foreign investment. Exchange rate volatility has also moderated compared to earlier periods of severe instability.
12. Infrastructure Development and Completion of Abandoned Projects The administration has accelerated work on major highways, rail projects, dams, airports, and energy infrastructure. Several previously abandoned projects have been revived, improving connectivity and supporting economic growth.
13. Power Sector Reform One of the most significant reforms has been the decentralization of electricity generation and distribution. States and private investors now have greater authority to generate, transmit, and distribute power, effectively breaking the long-standing monopoly structure. This opens the door for increased investment and improved electricity supply.
14. Improved Electricity Metering Metering coverage has reportedly improved from roughly 40% to about 60%, reducing estimated billing and increasing transparency for consumers. While challenges remain, the progress is noteworthy.
15. ₦4 Trillion Power Sector Bond Intervention The planned ₦4 trillion bond infusion is expected to address liquidity constraints within the power sector, settle legacy debts, improve market confidence, and support long-term investments in generation, transmission, and distribution infrastructure.
16. Foreign Direct Investment (FDI) and Investor Confidence Economic reforms, FX market adjustments, and regulatory improvements are gradually rebuilding investor confidence. While FDI inflows remain below desired levels, Nigeria is increasingly being positioned as a destination for long-term investment.
If he's getting all these things right, why are we still suffering in this country? Why are people not feeling the impacts he's making! Take this post down, I no wan vex
NassBoy: Since morning, I have had nothing to eat cos there's absolutely nothing . Month end is still very far. Hunger causes malaria, fever, anger and depression.
Sirchiboy: Victor Osimhen reveals that when he made money , HE TOOK ALL HIS DAY ONE FRIENDS to Turkey 🇹🇷. He sponsored everything and got them accommodation and jobs there , today they are doing extremely well too .
Victor didn’t tell them to keep hustling and praying , he simply showed them the way .
Many of you have made it but you can’t even help family . Shame on you
Moral lesson : Stop telling your friends to work harder , just help them If you can
Nobody can become a millionaire by being honest. If you get help from your rich uncles, aunties, brothers etc, good if you can't move on. Nobody will take wealth with him/herself when leaving this life.
[quote author=EmmyMaestro post=139507365]I regret using my BBNaija prize money to support family members – Phyna
Former Big Brother Naija winner Phyna has revealed that one of her biggest regrets was spending much of the money she won from the reality show on family responsibilities instead of investing it wisely.
Speaking during a recent livestream, the reality star, whose real name is Josephina Otabor, admitted that she was young and inexperienced after leaving the show and did not manage her finances properly.
I regret using my BBNaija prize money to support family members – Phyna Phyna. According to Phyna, rather than receiving guidance on how to invest or secure her future, many of her family members constantly requested financial assistance from her.
She alleged that some of them later turned against her whenever she was unable to meet their demands.
Her words …
“The mistake I made was using my Big Brother Naija prize money to support family members instead of investing it. I thought I was helping my family members and sorting out their debts. I was spending generously on them. None of the older family members called me to give me financial advice on how to invest or manage the money well.
All of them were constantly demanding money from me for several stuff. I dug a lot of boreholes for family members. But the moment I started saying ‘No’ that was the beginning of my problem with family members. They complain and even call me out in the media whenever I can’t meet their demands. But now that the money has finished, I’m the only one facing the reality alone.”
VIDEO: Phyna Breaks Down, Speaks On Family Strain Over Fame
Big Brother Naija Season 7 winner Josephine Ijeoma Otabor, known as Phyna, broke down in tears during an emotional livestream over family exploits and financial distress.
Breaking News: “Convicted Liar VDM must B¥ry all his younger siblings just the way I b¥ri£d my sister, VDM tried to sl££p with me but I refused” - Phyna cries out on how VDM ruined her sisters case and lied that she requested 1 billion Naira from Dangote pic.twitter.com/4O9leIR4wT
— Gossip Mill Nigeria (@GossipMillNaija) May 24, 2026
don't believe this. Even if you guys had this type of conversation it's difficult for the chats to still be there for over how many years if that's WhatsApp conversations. Believe this gender at your own risk.
Oisagbai78: My kind of a wife. Though, I am not poor and can never be! She has really come through for me through thick and thin. Make I still remind una, she's a single mother I remarried almost 3 yrs now. She's so loyal and a good wife. As most of una don bastardized single women for here, I don't know how lucky I am to find such a very good single mum in my wife. Na God do am for me sha. Janet, I will forever love you till death!
What was expected to be an ordinary APC senatorial primary event quickly turned into a trending political talking point after crowd videos from the venue sparked massive reactions online.
Supporters and observers began comparing the visible turnout behind Ifeanyi Okowa and Ned Nwoko, with many social media users claiming Okowa appeared to command a much larger crowd presence at the event.
The dramatic contrast has since fueled debates over political influence, grassroots popularity and real political strength ahead of the next election cycle, while humorous reactions involving Regina Daniels have further pushed the moment into viral territory online.
The kind of rigging that is going on in this APC's primary enh. General elections will be like movie.
Burob: There is nothing to reveal, the man was so so clueless that he didn’t have the time to do anything, 90% of his time in government house was used fighting his Oga Nyesom Wike.
He should go home and rest then. He has no business in politics.
Cherrybae: Again, APC disqualifies Senator Ipalibo Harry, Ojukaye Flag Amachree, Tein Jackreece, Danagogo, clears Bro. Felix Obuah, Hon. Alwell Oyesoh others to contest for the Senate Primaries in Rivers State tomorrow, Monday 18 May, 2026.
Wike is incharge in Rivers state. We urge Gov Fubara to withdraw from the Governorship race to avoid further embarrassment.
Only the Rainbow Coalition will produce All Aspirants for various positions in Rivers state.
Fubara should pack enough money immediately after he loses the primary oo if not he's finished. The next governor might even come after him. I believe a lot of secrets will be revealed after he leaves but it will be too late.
fergie001: A troll who posted on X a malicious content about Adekunle Gold & Simi's daughter has been arrested & sentenced to two years imprisonment without an option of fine.
However, some Nigerians including Sowore has accused the Nigerian Police for being the "Private army of the rich", also referencing a 2012 post by Adekunle against them President Goodluck Jonathan.
People really have time in this country ooo. If there's anything happening between Gold and anyone I don't even know until now. As a matter of fact, I don't care as long as it doesn't concern me. Even what politicians do isn't my business.
Atheistan: What matters is the overall interest of the people. Thank you.
People who doesn't even care about you abi? This same people you're talking about will celebrate with whoever that will replace Sim. Politics in Nigeria is played in such a way that you put yourself first. Your interest should be your priority not on people that will betray you any moment.