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Events › Oloworo Of Oworonshoki Marks 5th Anniversary Of Late Father, Oba Oloruntoyin Sal by VeronExtra(op): 9:54am On Sep 09
By Adeyemi Obadimu


The Oloworo of Oworonshoki, Lagos, His Royal Majesty, Oba Babatunde Saliu Elebo II, has commemorated the fifth-year anniversary of the passing of his father and predecessor, the late HRM Oba Oloruntoyin Saliu, Elebo I, with a special remembrance ceremony at the Oloworo Palace.

The anniversary remembrance, held on Tuesday, September 8, 2026, brought together traditional rulers, dignitaries, family members, community leaders, friends and well-wishers who gathered at the palace to honour the memory and celebrate the enduring legacy of the late monarch.

The gathering provided an opportunity for members of the royal family and the Oworonshoki community to reflect on the life, leadership and contributions of Oba Oloruntoyin Saliu, who was remembered for his commitment to the development, peace and unity of his people.

Speaking during the remembrance, Oba Babatunde Saliu Elebo II described the fifth anniversary as a significant moment for the royal family and the entire Oworonshoki community, noting that the legacy of his late father remains a source of inspiration to the present generation.

He said the values of peace, unity, service, respect for tradition and dedication to community development which characterised the reign of Elebo I would continue to guide the royal institution and inspire efforts towards the progress of Oworonshoki.

The monarch also expressed appreciation to traditional rulers, government representatives, community leaders, friends of the palace and other dignitaries for honouring the occasion and standing with the royal family in remembering the late monarch.

The event also featured tributes and moments of reflection as attendees paid homage to the late Oba and acknowledged his contributions to the growth and stability of Oworonshoki.

Five years after his passing, the memory of Oba Oloruntoyin Saliu, Elebo I, continues to live on through his family, the traditional institution and the people whose lives he touched during his lifetime.

The Oloworo Palace reaffirmed its commitment to preserving the values and legacy of the late monarch while continuing to promote peace, cultural heritage, unity and sustainable development in Oworonshoki.

Politics › Subsidy Removal Increased Economic Hardship — Ayo Adesina by VeronExtra(op): 2:23pm On Sep 07
A former House of Representatives candidate for Abeokuta South Federal Constituency of Ogun State under the Social Democratic Party, Ayo Adesina, has criticised the removal of fuel subsidy, arguing that the policy has worsened economic hardship for Nigerians without delivering commensurate benefits.


Adesina alleged that the savings being touted by the Federal Government following the subsidy removal had not translated into meaningful improvements in the lives of Nigerians, claiming that some of the funds were being mismanaged or diverted by officials at both the federal and state levels.


He said the rising cost of petrol had also increased the financial burden on households and businesses, particularly manufacturers, who he argued were already struggling with poor infrastructure, unreliable electricity supply and insecurity.


According to him, affordable energy remains essential to economic growth, while the sharp increase in fuel prices has made it more difficult for businesses to operate and investors to establish production facilities in the country.


Adesina also rejected the argument that the subsidy regime was fundamentally fraudulent, saying the sharp rise in petrol prices after its removal demonstrated that the scheme had played a role in keeping fuel affordable.
“If we remove what we were told was a ‘fraudulent subsidy programme’, the price of the commodity it subsidises should not change significantly,” he said.


He noted that petrol prices rose from about N169 per litre to more than N1,400 per litre after the subsidy was removed, describing the development as evidence of the burden transferred to consumers.


Adesina acknowledged that fraud existed within the subsidy system but argued that the government should have targeted those responsible rather than abolishing the programme altogether.


He maintained that prosecuting individuals involved in subsidy fraud would have been preferable to scrapping a policy he said had benefited millions of Nigerians.
Drawing an analogy with the banking sector, Adesina said banks do not shut down their entire operations simply because fraudsters attempt to exploit their systems.


He therefore called for the reinstatement of the subsidy, arguing that the government should focus on eliminating corruption and leakages within the system while ensuring that the benefits of affordable fuel reach households and businesses.

Politics › How Ogun 1 Customs Under Afeni Is Tough On Smuggling, Strong On Revenue Growth by VeronExtra(op): 12:39pm On Sep 03
By Nigeria Association of Social and Resourceful Editors (NASRE)

At Idiroko, Nigeria’s western gateway to the Republic of Benin, security and commerce meet at one of the country’s busiest border corridors. Since assuming office in December 2025 as Customs Area Controller of the Ogun I Area Command, Deputy Comptroller Olukayode Oladapo Afeni has focused on intelligence-led enforcement, stronger inter-agency cooperation, revenue generation and trade facilitation. His tenure has already produced notable results in these areas.

Afeni’s anti-smuggling campaign has been particularly prominent. Within his first 11 days in office, the command reported seizures valued at more than N2 billion. They included 16 kilogrammes of heroin, 12 kilogrammes of crystal methamphetamine, about 1,502 kilogrammes of cannabis sativa, foreign food products and petroleum products. The operations reflected a strategy based increasingly on intelligence and targeted patrols.

The campaign has continued with major interceptions across the command. Between April 1 and June 23, 2026, officers recorded 146 seizures valued at about N4.63 billion. The items included 2,807 bags of foreign parboiled rice, 9,482 parcels of cannabis sativa, 16,525 litres of Premium Motor Spirit, 2,427 pneumatic tyres, pharmaceuticals, sugar, fertiliser and footwear. In one operation, officers also intercepted foreign rice concealed beneath bags of cement.

These operations have implications beyond Customs enforcement. Smuggled goods undermine local manufacturers and farmers by creating unfair competition. They also deprive government of legitimate revenue. The interception of narcotics and other dangerous products adds another dimension to the command’s role in protecting public safety. In this regard, Afeni’s enforcement drive has combined economic protection with border security.

Revenue collection has also improved significantly. Between April and June 2026, Ogun I generated approximately N259.8 million, compared with N76.8 million during the same period in 2025. That represents a reported 238 per cent increase. The command attributed the rise to stronger regulatory enforcement, baggage assessments, auction activities and improved compliance. In 2025, it generated N454.67 million, up 47 per cent from the previous year.

Afeni has also sought to give legitimate commerce greater attention. During the second quarter of 2026, Ogun I facilitated the export of 20,972 metric tonnes of goods worth about N1.049 billion. The exports included white talc, crushed thermal coal and compressed natural gas products. The development marked a significant change from the corresponding period of 2025, when the command recorded no export activity.

Inter-agency cooperation has been another major feature of the administration. Ogun I has strengthened collaboration with the Police, Department of State Services, Immigration, NSCDC, NDLEA, NAFDAC and security authorities in neighbouring Benin Republic. A joint border-security engagement in January focused on intelligence sharing and coordinated operations. Seized narcotics and regulated pharmaceutical products have also been transferred to the appropriate agencies for further action.

The importance of this collaboration was underscored during the July 8, 2026 visit of Ogun State Commissioner of Police, CP Bode Ojajuni, to the command headquarters. Afeni said Customs was committed not only to securing the border but also to making legitimate trade easier. He disclosed that the Joint Border Security Committee had helped reduce the number of checkpoints along the corridor, easing movement without compromising security.

The command has also engaged border communities and supported social projects under the Customs Cares Initiative. These include a hospital project in Imeko, a secondary school project in Ijofin and a jetty project in the same community. Such initiatives can strengthen relations between Customs and residents, who are often well positioned to provide information about smuggling routes and other criminal activities.

However, NASRE believes there is room for further improvement. The command should deepen digitalisation and transparency in its trade-facilitation processes, with clearer service timelines, fewer manual procedures and stronger complaint-resolution channels for legitimate traders, exporters and transporters. It should also strengthen structured engagement with border communities, traditional rulers, traders and transport unions. Such partnerships can provide useful intelligence on emerging smuggling routes while helping residents understand the economic and security consequences of illicit trade.

Overall, Afeni’s tenure has produced a noteworthy balance between enforcement and facilitation. Billions of naira worth of contraband have been intercepted, revenue has risen sharply, exports have increased and security cooperation has strengthened. The next challenge is sustainability. If these gains continue, and legitimate businesses find the Idiroko corridor safer and easier to use, Ogun I Command could establish a durable model for modern border management in Nigeria.

Politics › Governor Dauda Lawal And The New Zamfara State by VeronExtra(op): 3:21pm On Sep 01
By Emmanuel Ado


There is an Igbo African proverb that says, “A tree cannot make a forest.” At its core, the saying encourages people to work together as a team in pursuit of a shared communal goal. Yet this timeless wisdom does not write off the fact that extraordinary individuals, with conviction and drive, can become the spark that makes a great difference. Throughout history, remarkable leaders like Governor Dauda Lawal, with vision, courage, and determination, have emerged and inspired others to make a fundamental difference. So, while a single tree may literally not make a forest, it can indeed make a forest.

Nowhere is this truth more vividly demonstrated than on the football pitch, where exceptional individuals like Lionel Messi have continued to make unimaginable impacts. It is a statement of fact that Lionel Messi plays with ten teammates, a coach and substitutes, yet he has carried his club and country and single-handedly turned around the course of several matches. Messi possesses the rare ability to turn seemingly certain defeats into victories. Governor Dauda Lawal is, in several respects, like Messi. He did not inherit an easy assignment, but through sheer determination and vision, he has made the huge difference that only an exceptional leader can make. The story of Zamfara State under Lawal is the story of a determined leader providing the direction and confidence needed to change the ugly narrative of the state.


Governor Lawal has turned around Zamfara State because of the strength of his character, education, exposure and, most importantly, his vision. He inherited a state in 2023 that needed a leader who was prepared to challenge the status quo and fundamentally change the way government business was conducted—and he has risen to that challenge.

Zamfara State was facing serious challenges insecurity, institutional weaknesses and a development deficit all of which demanded decisive and purposeful leadership. Like the gamji tree after which he is named deeply rooted, strong and capable of enduring the harshest conditions Lawal has confronted these challenges head-on and, in the process, inspired the people to believe that renewal is possible. In that sense, he is a tree that has made a forest, and the driving force behind the New Zamfara State.


There is no doubt that Governor Lawal came well prepared for the rescue mission and his anger about the condition of his dear state was evident. To understand the significance of what is unfolding in Zamfara State today, this point is important. It raises an interesting question: the place of anger in governance? Can righteous anger, disciplined by vision and determination, be sufficient to push a leader to deliver? In Zamfara State, Lawal’s exploits suggest that it can. Much of the transformation now taking shape has certainly been driven by anger and a stubborn resolve that the state must at all cost work. Let us examine the condition of the state before Governor Lawal assumed office.


For many years, Zamfara State had made headlines for all the wrong reasons.

Beyond the controversy that surrounded the introduction of the Sharia legal system, the state struggled with deep-rooted challenges in education, poor healthcare facilities and a dysfunctional public service. Schools suffered from inadequate infrastructure and had poor learning conditions, while repeated industrial actions reflected government’s failure to meet its obligations to teachers and other public servants.

The health sector was not just distressed, with inadequate and dilapidated facilities it also suffered from acute shortages of personnel. Then came the darker years of banditry, terrorism and kidnapping, which displaced several communities, and destroyed livelihoods.


The cumulative effect was devastating, as it shattered the people’s confidence in the capacity of government to secure their lives and property, provide essential services and infrastructure, deliver quality education and healthcare, and create the economic opportunities needed for them to live decent lives. Despite the enormity of these challenges, the people of Zamfara State refused to be overwhelmed.


The people of Zamfara State deserve credit for the transformation now taking place. They understood that the scale of the state’s problems required a leader prepared to confront the wreckage head-on, rather than turn it into a permanent alibi for poor performance. That understanding translated into unflinching support for Governor Lawal, whose emergence also broke a long-standing political pattern in the highly conservative state, which had historically voted in one direction. His victory was particularly significant because it came after years of political dominance by one party, interrupted only briefly in 2019 when the PDP returned to power following a crisis within the APC. Lawal’s victory, therefore, was more than an electoral upset; it represented the determination of the people to entrust their state to a leader they believed could change their fortunes.

It was against this difficult background that Governor Lawal administration began his rescue mission to rebuild Zamfara State from its very foundations. And he understood that it was a task that could not be accomplished through piecemeal interventions, but one that required a holistic approach that governance, security, infrastructure, education, healthcare and economic development are all interconnected.


That understanding shaped the administration’s approach to governance. Security, for instance, has not been treated simply as a matter of confronting terrorists, but as the necessary foundation upon which every other aspect of development must rest.


The establishment of the Community Protection Guards was conceived as a community-based security outfit, particularly for areas where conventional security forces face enormous challenges. Alongside this, the state government has continued to provide logistics and other forms of assistance to the security agencies in the war against the terrorists.


The objective is clear: the defeat of the terrorists. Governor Lawal has also been unequivocal that there will be no negotiation with them.
For the governor, victory over the bad guys is a displaced farmer returning to his farm. A child returning to school is a security victory. A market reopening after prolonged disruption is a security victory.

A community being able to conduct its social and religious activities without fear of attack is also a victory. In other words, the real test of improved security is not simply the number of successful operations conducted or the number of criminals neutralized, but on whether the ordinary people have reclaimed their lives.
And once people are able to move freely and live their normal lives, the question naturally becomes: what environment will they be returning to? This is where infrastructure becomes part of the larger rescue mission story. For years, poor roads and neglected urban infrastructure had told the story of a neglected state. The administration’s focus on road construction and rehabilitation is therefore an important part of its effort to reconnect communities and transform Zamfara State.

Before the coming of Governor Lawal, Gusau looked more like a glorified local government headquarters than the capital of a state. Today, that picture has changed. The administration’s road projects are well designed, with pedestrian walkways and provisions for internet connectivity. Good roads reduce travel time to schools and healthcare facilities, facilitate the movement of agricultural produce, and strengthen the connection between rural communities and urban centres.


Infrastructure is an enabler of economic activity and urban development. Governor Lawal, a man of taste, is leaving the state with roads and public buildings that are not only functional but visually appealing, and is gradually transforming Gusau into a capital city worthy of the state it represents.


Governor Lawal has extended the same logic to education, declaring a state of emergency in a sector that had been severely weakened by the the lack of investment, the high number of out-of-school children, lack of trained teachers, inadequate infrastructure, which accounts for the poor performance in national examinations and all made worse by the security crisis.


The administration recognised that Zamfara State could not afford to lose another generation to illiteracy and has therefore intervened on several fronts, addressing shortages of teachers, dilapidated school infrastructure and the financial barriers affecting students.

The renovation of schools and payment of outstanding WAEC and NECO fees reflect an understanding of the challenges. For struggling families, the inability to pay examination fees can mean an interrupted academic journey for their children. By removing these barriers, the administration has restored more than access to education; it has restored opportunity for upward mobility in a world that is increasingly becoming a knowledge economy.


Just as he has done in education, Governor Lawal has also invested heavily in strengthening the healthcare delivery system to meet the medical needs of the people. The rehabilitation and upgrading of dilapidated healthcare facilities, including general hospitals and primary healthcare centres, are significant interventions in a state where access to quality healthcare has long been a challenge.

The installation of solar power systems in these facilities has also helped address the challenge of unreliable electricity supply. For expectant women in rural communities, access to functional healthcare improves the chances of safe delivery, the better-equipped facilities have reduced the need for long and often difficult journeys in search of basic medical care.

Improving healthcare is ultimately an investment in the wellbeing of the people. And increasingly, the impact of these interventions is becoming visible in the improved availability and accessibility to essential healthcare services across the state.


There are also the public servants, whose role is indispensable to the smooth functioning of government itself. They are not always visible in the successful story of development, but they are the machinery through which government policies, programmes and projects are translated into results. There is no denying the fact that an efficient and motivated public service is critical to the success of any administration. Governor Lawal’s regular payment of salaries, alongside efforts to clear the backlog of gratuities and other outstanding obligations, has helped restore morale in the service.

The importance of this cannot be overstated. A public servant who receives his salary as and when due is better able to meet his responsibilities.

Prolonged non-payment of salaries had a ripple effect that extended far beyond the civil service, affecting families, businesses and communities.


While years of banditry have severely disrupted farming and forced many farmers away from their fields, agriculture remains at the heart of Zamfara State’s economy and the livelihood of a large proportion of its people. It provides food, employment and income, sustaining much of the rural economy.

Recognising this, Governor Lawal has invested significant resources in revitalising the sector by providing farmers with the inputs, equipment and support they need to return to productive farming. The message is clear: terrorists cannot be allowed to destroy the foundations of Zamfara’s economy. In a state where agriculture is a way of life, reviving farming is, in many respects, an essential part of rebuilding Zamfara State itself.


The work is not finished. Governor Lawal himself would be the first to acknowledge that much remains to be done. But, as Chinua Achebe reminds us, “the morning shows the day.” And the signs are unmistakable: Zamfara State is moving forward, with a renewed determination to rebuild, recover and reclaim its future.


As Governor Lawal seeks a second term, therefore, the most important question before the people of Zamfara is no longer whether the Rescue Mission has made a difference. The evidence of change is increasingly visible across the state.


The more consequential question is how the progress already achieved can be consolidated, institutionalised and sustained, so that the gains of the past three years do not merely become a chapter in Zamfara State’s history, but the foundation upon which a stronger, safer and more prosperous state is built.

Politics › Governor Dauda Lawal Mourns Sarkin Zamfaran Zurmi, Alhaji Bello Sulaiman by VeronExtra(op): 11:17am On Sep 01
The Executive Governor of Zamfara State, Governor Dauda Lawal P.hd has expressed profound grief over the death of the Sarkin Zamfaran Zurmi, His Royal Highness Alhaji Bello Sulaiman, who passed away on Monday at the Federal Medical Centre in Gusau. The revered traditional ruler's transition marks the end of an era for the Zurmi Emirate, where he reigned with dignity and dedication for many years, and his death has sent shockwaves across the state, with many describing it as a monumental loss to the traditional institution and the people of Zamfara.

Governor Lawal described the late monarch's passing as a "profound loss" that will be felt across the entire state, lauding Alhaji Bello Sulaiman's unwavering commitment to his people and noting that his reign was characterized by a deep sense of service, wisdom and dedication to the peace and progress of Zamfara State. "His Royal Highness was a pillar of the traditional institution whose counsel and leadership were invaluable to the development of our dear state," the Governor said, adding that his contributions to peace-building and community development will forever be remembered. The Governor acknowledged the late ruler's role in fostering unity within the Zurmi Emirate and his efforts to promote harmonious coexistence among the diverse communities in the area.

During his tenure, the Sarkin Zamfaran Zurmi was known for his commitment to preserving cultural heritage and promoting traditional values, working closely with successive governments to ensure that the interests of his people were represented at all levels. Community leaders and residents of Zurmi Emirate have continued to pour out tributes, recalling the monarch's accessibility, fairness and dedication to resolving conflicts within his domain. Governor Lawal extended his heartfelt condolences to the deceased's immediate family, the Zurmi Emirate Council and the entire people of Zurmi Emirate, urging them to find comfort in the legacy of service and leadership left behind by the late traditional ruler.

In his message of solace, the Governor offered prayers for the repose of the monarch's soul, saying: "May Almighty Allah forgive his shortcomings, reward his good deeds abundantly, grant him Aljannah Firdaus, and give his loved ones the strength and fortitude to bear this irreparable loss." He also called on the people of the emirate and the state at large to remain peaceful during this period of mourning and to honour the memory of the late Sarkin Zamfaran Zurmi through continued unity and progress. Details regarding the funeral and burial arrangements are expected to be announced by the Zurmi Emirate Council in due course, in accordance with Islamic rites and tradition. The late Alhaji Bello Sulaiman's passing leaves a significant void in the traditional institution of Zamfara State, and his legacy of service, peace and cultural preservation will undoubtedly endure for generations to come.

Celebrities › NASRE Mourns Sola Olugbemiro, Dotun Oladipo, Calls For Better Welfare For Media by VeronExtra(op): 12:15pm On Aug 27
The Nigerian Association of Social and Resourceful Editors (NASRE) mourns the passing of two respected members of the media community, Sola Olugbemiro, popularly known as Solkem, Publisher of Access Weekly, and Mr Dotun Oladipo, Publisher of The Eagle Online.

NASRE President, Comrade Femi Oyewale, described the deaths as painful losses to the media industry, noting that both men were not only publishers and journalists but also colleagues and friends who made valuable contributions to journalism and public discourse.

“The passing of Sola Olugbemiro and Dotun Oladipo is a painful reminder of the sacrifices made by media professionals in the service of society. We mourn them as colleagues, friends and patriots who contributed in their own ways to the growth of Nigerian journalism. Our thoughts and prayers are with their families and loved ones at this difficult time,” Oyewale said.

Oyewale, however, said the recent losses should also prompt urgent conversations about the welfare and wellbeing of journalists and other media professionals. He called on the Federal Government, state governments, corporate organisations and other stakeholders to provide stronger support for the media, particularly through accessible healthcare, insurance schemes, welfare packages and improved working conditions.

“Journalists cannot continue to serve as society’s watchdogs while their own welfare and healthcare needs receive inadequate attention. We urge government and corporate organisations to partner with media organisations and professional bodies to establish sustainable welfare interventions that will protect journalists and their families,” the NASRE President added.

NASRE commiserated with the families, colleagues, friends and associates of Sola Olugbemiro and Dotun Oladipo, praying for strength for their loved ones and eternal rest for the departed. The association also reiterated its call for stronger institutional support for media professionals, particularly in healthcare, insurance and journalists’ welfare, noting that those who dedicate their lives to informing and serving society deserve adequate protection and support.

Crime › EFCC Charges Yusuf Oyepeju, Alwajeez International, AIN Homes Over N13.6m Fraud by VeronExtra(op): 9:31pm On Aug 26
The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Directorate, on Wednesday, August 19, 2026 arraigned a man, Yusuf Ademola Oyepeju before Justice Olusola Adetujoye of the Oyo State High Court, Ibadan, Oyo State.

Oyepeju, alongside his two companies, Alwajeez International Nigeria Limited and AIN Homes and Property Limited were arraigned on a six-count charge bordering on forgery, uttering of documents, stealing by conversion and obtaining money under false pretence to the tune of N13, 697, 900.00 (Thirteen Million, Six Hundred and Ninety-seven Thousand, Nine Hundred Naira).

The charges alleged that Oyepeju defrauded an Islamic cleric, a Dubai-based Nigerian, Fasasi Amidu Bayonle of his monies and properties, whom he met on a Whatsapp group created for Muslims and for spreading Islamic teachings, as both were tutors on the Whatsapp group.

One of the counts reads: “That you, Yusuf Ademola Oyepeju, Alwajeez International Nigeria Limited and AIN Homes And Properties Limited between February and August, 2020, within the jurisdiction of this Honourable Court, converted to your own personal use, the sum of N8, 697, 900.00 (Eight Million, Six Hundred and Ninety-seven Thousand, Nine Hundred Naira), property of one Fasasi Amidu Bayonle, thereby committed an offence of stealing by conversion contrary to Section 390(9) Criminal Code Act, Cap C38, Laws of the Federation of Nigeria, 2004.”

The defendant pleaded “not guilty” to the charges when they were read to him.

Following the defendant’s plea, prosecution counsel, Sanusi Galadanchi, asked the court for a date to commence trial and prayed that he be remanded in a Correctional facility.

However, counsel to the defendant, B. Ajibola informed the court that an application for bail has been filed and served on the prosecution, praying the court to admit his client to bail.

Justice Adetujoye subsequently adjourned the matter for hearing of bail application and remanded the defendant in Agodi Correctional Centre.

Oyepeju’s journey to the Correctional Centre began sometime in 2018, when he allegedly sought for financial assistance from Bayonle to secure an accommodation for him and his newly married wife in Ibadan, Oyo State and Bayonle, in turn, promised to raise some money for the accommodation but offered Oyepeju the temporary use of his house he lived in Ibadan before relocating to the United Arab Emirate, located at No. 3, road 7, Ikumapayi area of Olodo, Ibadan, Oyo State, which was unoccupied, whilst he started raising the money.

The defendant who had also presented himself to his victim as a property developer took possession of the property and further convinced Bayonle to send money to him, so he could help him purchase land and build another house for him in Ibadan and without doubt, Bayonle sent the sum of N8, 697, 900.00 (Eight Million, Six Hundred and Ninety-seven Thousand, Nine Hundred Naira) to the defendant to purchase and develop of the land.

Few months later, it was discovered that the defendant allegedly forged a document of “Transfer of Agreement” between him and his victim, sold the house he was occupying temporarily to his fictitious companies and converted the proceeds for his personal use. Also, investigations revealed that the defendant regened on his promise of purchasing land and developing it on behalf of the victim, having received the money.

https://newsextra.com.ng/efcc-charges-yusuf-oyepeju-alwajeez-international-ain-homes-over-n13-6m-fraud/

Celebrities › “egbon Gives Me The Care I Need After My Uncle’s Death” — Egungbohun Mourns Ogog by VeronExtra(op): 10:39pm On Aug 23
The death of veteran actor and talented artist, Alhaji Taiwo Hassan, popularly known as Ogogo, has left his younger brother, Chief Ibrahim Dende Egungbohun, deeply heartbroken, with the community leader and philanthropist describing the late actor as the care and affection he needed after the death of his beloved uncle, Otunba Wahab Ayinla Egungbohun (Baba Ode).

Ogogo, who was 66, died on Sunday, August 23, 2026, after battling Stage 4 cancer.

For Chief Egungbohun, the death represents the painful loss of not only an elder brother but also a deeply trusted and cherished figure whose extraordinary care and kindness had become woven into his daily life.

“Egbon would call me in the morning, afternoon, evening and night, looking after me as himself following the demise of my uncle, Bàbá Ọdẹ”.

According to him, Ogogo gradually assumed the role of the caring elder who gave him the affection, attention and reassurance he had lost.

“Egbon fittingly positioned himself as my dear uncle. He was just the exact care I needed”.

It was this extraordinary bond that made the news of Ogogo’s death particularly painful for Chief Egungbohun.

“I am going to miss his extraordinary, heartfelt care and kindness”.

Praying for the repose of Ogogo’s soul, Chief Egungbohun said, “May his precious soul rest in perfect peace. May Allah kindly accept his return and grant him Al-Jannah Firdaus”.

Ogogo’s death brings to an end the life of a veteran entertainer and talented artist who calved his niche through his work in the Nigerian entertainment industry.

The remains of Alhaji Taiwo Hassan ‘Ogogo’ will be committed to the earth on Monday, August 24, 2026, at 10:00 a.m.

For Chief Egungbohun, however, the farewell will be deeply personal a final goodbye to an elder brother who, in the words of his emotional tribute, became the care he needed after the loss of his uncle.

Celebrities › Obi Cubana Rejects Link To Howard Taylor's Drug Trafficking Allegations by VeronExtra(op): 5:19pm On Aug 23
The attention of the Cubana Group has been drawn to a recent media report revisiting a 2021 trade and investment visit to Liberia by a delegation of Nigerian business leaders, including the Chairman of Cubana Group, Chief (Dr.) Obinna Iyiegbu (Obi Cubana), and attempting, through its timing and presentation, to associate that legitimate business engagement with recent allegations involving former Liberian Vice-President Jewel Howard-Taylor.

For the avoidance of doubt, the Cubana Group wishes to state categorically that the 2021 visit to Liberia was a legitimate and openly conducted trade and investment mission, focused on exploring business opportunities, strengthening trade relations and discussing possible investments in sectors including tourism, hospitality, real estate, agriculture, youth development and other areas of economic cooperation.

Indeed, the report itself acknowledges that the Nigerian delegation visited Monrovia in October 2021 as part of a trade mission exploring investment opportunities in Liberia. It further acknowledges that contemporary reports described the visit as a broader Nigerian trade mission and that meetings were arranged with members of Liberia's business community to discuss possible investments.

It is therefore misleading and unfair to retrospectively place an entirely legitimate business engagement under a cloud of suspicion simply because an individual who held public office and received the delegation has, approximately five years later, become the subject of allegations entirely unrelated to that visit.

*A NORMAL BUSINESS AND INVESTMENT ENGAGEMENT*

As a diversified African business organisation with interests spanning hospitality, entertainment, real estate, tourism, lifestyle, entrepreneurship and youth development, the Cubana Group and its Chairman routinely engage government officials, investors, business leaders, development partners and private-sector stakeholders across Nigeria, Africa and other international markets.

Such engagements are an ordinary and necessary part of doing business across borders.

At the time of the 2021 visit, Jewel Howard-Taylor was the duly serving Vice-President of the Republic of Liberia. Meeting a sitting Vice-President during an official trade and investment visit was neither unusual nor clandestine.

The meeting was not hidden. Photographs from the engagement were publicly circulated, the purpose of the visit was publicly discussed, and the business and investment objectives of the delegation were reported in the media.

Significantly, the recent report itself recalls Howard-Taylor's subsequent explanation that Chief Obinna Iyiegbu had travelled to Liberia as part of a trade mission seeking business opportunities, particularly within the tourism sector. She described her role as showcasing Liberia's investment opportunities and facilitating legitimate partnerships that could contribute to the country's economy.

This contemporaneous and subsequent public record speaks clearly to the purpose and nature of the visit.

*BUSINESS ENGAGEMENT CANNOT BE RETROSPECTIVELY CRIMINALISED BY ASSOCIATION*

The Cubana Group considers it important to distinguish between legitimate institutional engagement with a public officeholder and allegations subsequently made against that individual years after such engagement.

Chief (Dr.) Obinna Iyiegbu and the Cubana Group cannot reasonably be expected to have anticipated in 2021 allegations that would arise against a former public official in 2026.

More importantly, nothing in the media report establishes any connection whatsoever between the Cubana Group, its Chairman, the 2021 trade mission and the allegations currently involving the former Liberian Vice-President.

The fact that two individuals met in the course of legitimate business or official engagements cannot, by itself, constitute evidence of involvement in each other's subsequent activities.

Attempting to create such an impression through photographs of a publicly acknowledged business meeting risks replacing facts with insinuation and guilt by association.

*CUBANA GROUP'S INTERNATIONAL BUSINESS ENGAGEMENTS ARE NOT SECRET*

The Liberia engagement was neither the first nor the last international business and investment mission undertaken by Chief (Dr.) Obinna Iyiegbu and his associates.

Over the years, the Chairman has participated in business meetings, investment missions and economic engagements involving political leaders, government representatives, private-sector executives and investors in several countries.

He has similarly engaged leaders and stakeholders in other African countries, including the Republic of Benin, as part of efforts to identify opportunities, strengthen cross-border business relationships and promote African enterprise.

More recently, the Chairman returned from business and trade engagements in Canada and the United Kingdom, where he participated in business-related meetings and continued discussions with government representatives, investors and private-sector leaders across sectors relevant to the Cubana Group's interests.

These engagements reflect a consistent philosophy: African businesses must build relationships across borders, seek investment opportunities, attract capital and partnerships into Nigeria, and explore responsible expansion into other markets.

There has never been any attempt to conceal these engagements because there is nothing improper about them.

*THE PUBLIC RECORD SHOULD SPEAK FOR ITSELF*

We therefore urge media organisations and members of the public to evaluate the 2021 Liberia visit on the basis of the facts available at the time rather than through the prism of allegations arising five years later.

The SaharaReporters publication of August 23, 2026 itself acknowledges that:

- the October 2021 visit was a trade mission;
- the delegation explored investment opportunities in real estate, tourism and other sectors;
- contemporary reports described it as a broader Nigerian trade mission involving sectors such as energy, education, youth development and real estate;
- meetings were held with members of Liberia's business community to discuss investment opportunities; and
- Howard-Taylor subsequently publicly described Chief Obinna Iyiegbu as part of a delegation seeking business opportunities in Liberia.

These facts are entirely consistent with the Cubana Group's position and leave no reasonable basis for insinuating that the visit had any connection with allegations made against the former Vice-President several years later.

*OUR POSITION*

The Cubana Group respects the responsibility of the media to report matters of legitimate public interest. That responsibility, however, should equally demand fairness, context and a clear distinction between established facts and speculative association.

We therefore reject any attempt, whether explicit or implied, to associate Chief (Dr.) Obinna Iyiegbu, the Cubana Group or the 2021 Nigerian trade delegation with the allegations currently involving former Vice-President Jewel Howard-Taylor merely because members of the delegation met her while she occupied one of the highest public offices in Liberia.

If competent authorities establish wrongdoing against any individual, such matters should be determined on the basis of evidence and due process. They should not become a basis for casting suspicion on businesspeople, investors, diplomats or other persons who legitimately interacted with that individual in an official capacity years earlier.

The Cubana Group remains committed to legitimate enterprise, responsible investment, job creation, youth development and the expansion of African businesses across international markets.

Our Chairman will continue to engage governments, investors, business leaders and institutions wherever legitimate opportunities exist to promote investment, expand enterprise, create jobs and advance African economic development.

Signed

Management
Cubana Group

August 23, 2026

Crime › EFCC Arraigns Brookfield Holdings CEO, Olatunji Adebola For Alleged ₦990m Fraud by VeronExtra(op): 12:54pm On Aug 22
The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, on Thursday, August 20, 2026, arraigned the Chief Executive Officer, CEO, of Brookfield Group Holdings, Olatunji Oluwaseun Adebola,( a.k.a Whitelion) before Justice C. Ngozi of the Federal Capital Territory, FCT High Court sitting in Maitama, Abuja, for an alleged N990,000,000 (Nine Hundred and Ninety Million Naira) fraud.

Adebola, alongside his company, Brookfield Mining Limited, was arraigned on a four-count charge bordering on conspiracy, obtaining money by false pretence and dishonest misappropriation of funds to the tune of N990 million.

His arraignment followed a petition dated April 6, 2026, filed by a petitioner through a legal counsel, BB Dan Habu & Co. Solicitors, alleging that the defendants obtained the funds from its client under the guise of facilitating a foreign exchange transaction worth $750,000 (Seven Hundred and Fifty Thousand United States Dollars).

During the proceedings on Thursday, the defendant pleaded “ not guilty” to the charges preferred against him.

Following his plea, prosecution counsel, Oluwakemi Yemi-Makinde, prayed the court for a trial date and the remand of the defendant in a correctional facility. The defence counsel, however, informed the court of a pending application for bail on behalf of the defendant.

Ruling on the application, Justice Ngozi ordered the defendant to produce two sureties, one of whom must be a civil servant on Grade Level 15, while the other must be a civil servant who owns a landed property in Abuja.

Justice Ngozi, thereafter, adjourned the case till September 15, 2026.

https://newsextra.com.ng/efcc-arraigns-brookfield-group-holdings-ceo-olatunji-adebola-for-alleged-n990m-fraud/

Events › Top Nollywood Stars, Business Moguls Grace Sir Kay Oluwo’s Son Azeez’s Grand Wed by VeronExtra(op): 3:08pm On Aug 21
By Adeyemi Obadimu


Lagos was agog on Thursday, August 20, 2026, as prominent personalities from the entertainment industry, business community, traditional institution and wider society converged at the White Stone Event Palace, Oregun, Lagos, for the grand traditional wedding ceremony of Azeez Oluwadamilare Arisekola Lamina and Adewunmi Temitope Sarah Ayomikun Awolesi.


The colourful ceremony brought together family members, friends, well-wishers, business associates, traditional rulers, Islamic scholars and notable personalities who gathered to celebrate the union of the Lamina and Awolesi families.


The groom, Azeez Oluwadamilare Arisekola Lamina, is the son of Otunba Kamorudeen Lamina, popularly known as Sir Kay Oluwo, the Chief Executive Officer of Omolamina Global Venture Limited, while the bride, Adewunmi Temitope Sarah Ayomikun Awolesi, hails from the Awolesi family.


The event was marked by traditional glamour, music, cultural displays and an atmosphere of celebration as both families formally sealed the union of their children in the presence of distinguished guests.


Among the notable personalities who graced the occasion was popular Islamic scholar, Sheikh Dr. Alhaji Hamed Alfilani, while the Aare Onakakanfo of Yorubaland, Iba Gani Adams, was represented at the ceremony.


The gathering also attracted traditional rulers, including His Royal Majesty, Oba Kazeem Adesina Salami Ilufemiloba I, Osobia, as well as the Paramount Ruler of Makun-Omi Kingdom, Ijebu Waterside, Aare Segun Adebayo.


The presence of prominent Nollywood personalities, business moguls and other respected figures added further colour and glamour to the ceremony, making it one of the notable social events in Lagos.


Speaking on behalf of the Lamina family, the groom’s father, Otunba Kamorudeen Lamina, popularly known as Sir Kay Oluwo, expressed appreciation to everyone who honoured the family with their presence and support.


Sir Kay Oluwo thanked the guests for travelling from different locations to celebrate with his family, praying that God would grant everyone safe journeys back to their respective destinations.


He also prayed for the newlyweds, asking God to bless their marriage with love, peace, understanding, prosperity and enduring happiness.


The ceremony ended on a celebratory note, with both the Lamina and Awolesi families expressing gratitude to God, family members, friends and guests for making the occasion memorable.


The union of Azeez Oluwadamilare Arisekola Lamina and Adewunmi Temitope Sarah Ayomikun Awolesi has since become a major talking point among guests and social circles following the colourful celebration in Lagos.

Culture › Isese Day: Oloworo Prays For Oworosoki, Urges Cultural Preservation by VeronExtra(op): 5:12pm On Aug 20
The Oloworo of Oworosoki, Oba Babatunde Saliu Elebo II, has offered prayers for the residents of Oworosoki and the entire community as they join other Yoruba communities in Nigeria and across the world to celebrate this year’s Isese Day.


The traditional ruler, in his palace, prayed for peace, progress, prosperity and protection for the people, while seeking divine blessings for the community and its residents.

He also urged everyone to use the occasion to reflect on the importance of Yoruba culture and traditional values.


Oba Elebo II emphasised that Isese remains an important part of Yoruba heritage, describing the celebration as an opportunity for the people to appreciate, preserve and pass their cultural identity and traditions from one generation to another.


The Oloworo cautioned against actions capable of tarnishing or undermining Yoruba culture, urging traditional institutions, families and community members to uphold the values, customs and traditions that have shaped the identity of the Yoruba people over the years.


He further called on the younger generation to take greater interest in their cultural heritage, stressing that the preservation of culture requires collective responsibility and conscious efforts by both the young and old.


The monarch wished the people of Oworosoki and the entire community a peaceful and meaningful Isese Day celebration, praying that the occasion would bring renewed unity, prosperity and greater development to the community.

Culture › 97-year-old Akintan, Egungbohun Laud Abiodun As Agbele-asa Gets First Monarch by VeronExtra(op): 8:55am On Aug 20
The agrarian border community of Agbele-Asa in Yewa North LGA, Ogun State, exploded into a frenzy of celebration on Wednesday, August 19, 2026, as the state government officially presented the Staff of Office and Instrument of Appointment to its first monarch, His Royal Highness, Oba Rahmon Ajibade Abisekan, the Alagbele of Agbele-Asa Kingdom (Ile Igbo I).

The historic event, which took place at the Local Government Primary School field in Asa, brought a joyful conclusion to decades-long quest for traditional and administrative recognition aimed at attracting rapid infrastructure and socio-economic development to the frontier community.

The presentation ceremony was performed on behalf of the Ogun State Governor, Prince Dapo Abiodun, by the Permanent Secretary of the Ministry of Local Government and Chieftaincy Affairs, Dr Rotimi-Olu Akinlesi, who represented the Honourable Commissioner, Hon. Ganiyu Oladunjoye Hamzat.

According to a 97-year-old community pillar, Otunba Ephraim Lana Akintan, the day marked the ultimate fulfillment of a lifelong pursuit.

An emotional Otunba Akintan heaped praises on Governor Abiodun for assenting his signature to the long-awaited traditional stool.

"That Governor Abiodun successfully installed Oba Abisekan as the Alagbele of Agbele-Asa makes me feel accomplished in life," he said.

Corroborating the nonagenarian's sentiment, a prominent community leader and Chairman of IBD IMPEX QUARRY LTD, Chief Ibrahim Egungbohun, expressed deep appreciation to Governor Abiodun for leading a listening administration. He noted that the installation of Oba Abisekan marks a major turning point for the community.

"Help me to thank my Governor, our listening Governor Dapo Abiodun, MFR," Egungbohun said.

"Today marks a milestone in the history of Yewaland, Ketuland, and Ogun State in general. I am sure that going forward, Oba Abisekan will leverage his kingship to prioritize the development of Agbele-Asa and its esteemed population."

Chief Egungbohun also lauded the unity of the community, using Baba Lana (Otunba Akintan) as a respected point of contact to thank everyone who contributed directly or indirectly to the success of the coronation.

Adding a political dimension to the event, the lawmaker representing Yewa North II State Constituency at the Ogun State House of Assembly, Hon. Haruna Wahab Egungbohun, urged the people to remain committed to their determination to vote for the APC consensus candidate, Senator Solomon Adeola, in the upcoming 2027 governorship election.

The legislator reminded the gathering that the presentation of the Staff and Instrument of Office was the direct result of their loyalty to the ruling party in the last election. Hon. Egungbohun added that if they cast their votes for Senator Solomon Adeola in the 2027 election, the rehabilitation of their roads would be guaranteed.

The *Olu of Ilaro and Paramount Ruler of Yewaland*, HRM Oba Kehinde Olugbenle, Gbadewole, ably represented by the Olu of Imasai, HRM Oba (Dr) Lukmon Olalekan Kuoye, warmly welcomed Oba Abisekan into the Council of Yewa Traditional Rulers.

Oba Olugbenle charged the newly installed monarch to resolve to bring all residents of Agbele-Asa to his side for peaceful coexistence, adding that peace and security are the soul of community development.

In his acceptance speech, HRH Oba Ajibade Abisekan (Ile Igbo I) said his ascension to the throne of his forefathers is a call to service and a pledge to usher in an era of unprecedented growth, peace, and unity for the entire Agbele-Asa Kingdom.

The traditional ruler expressed his profound gratitude to Governor Abiodun for validating the choice of the people, promising to work hand-in-hand with the state government to attract critical infrastructure, security, and economic opportunities to the border enclave.

He further charged all sons and daughters of the soil, both at home and in the diaspora, to join hands with him in building a prosperous kingdom.

The installation ceremony transformed the venue into a kaleidoscope of rich Yoruba cultural heritage, with various cultural troupes entertaining the audience at regular intervals.

The Bolojo cultural troupe, clad in matching traditional attire, thrilled the crowd with energetic steps, while local hunters fired ceremonial gunshots into the air to signify the official arrival and presence of the king.

Earlier, the legendary Gbedu drums resonated with a scintillating tone, providing a powerful rhythmic backdrop as royal bards chanted ancestral praises to formally invite the new monarch to receive his Staff of Office and Instrument of Appointment.

The colorful event attracted a galaxy of dignitaries, including religious leaders, the Council of Chiefs, representatives of the Otunba Lana Akintan Human Rights Foundation (OLAKHURF), market men and women, as well as various socio-cultural associations who danced late into the night.

Education › Baba Lana @97: Akintan Donates 1,000 School Bags To Ketu Pupils by VeronExtra(op): 9:55am On Aug 19
Celebrating his 97th birthday, renowned philanthropist and community leader, Otunba Ephraim Lana Akintan, has fulfilled a pledge to support education in Ketu land with the donation of 1,000 customised school bags to primary school pupils across the Ketu community in Ogun State.

The presentation, made through the Otunba Lana Akintan Human Rights Foundation (OLAKHURF), fulfilled a commitment made by the nonagenarian during the 2025 Oja-Odan Education Summit, organised by the Oja-Odan Development Council under the leadership of the community's traditional ruler.

The school bags were formally presented to His Royal Majesty, Oba (Engr.) Oladapo Oyebanji Adetunji Olowobese Ilagba I, the Oloja of Oja-Odan, at his palace in Oja-Odan, Yewa North Local Government Area of Ogun State.

Presenting the bags on Tuesday, August 18, 2026, the Chairman, Board of Trustees, Otunba Lana Akintan Foundation, Mr Babayemi Ogundipe, said the donation reflected Otunba Lana Akintan's longstanding commitment to education and human development.

Mr Ogundipe described giving as a way of life for Otunba Akintan, noting that the 97-year-old philanthropist had made significant contributions to the development of Ketuland, particularly in the education sector.

According to him, Otunba Akintan's interventions have included the construction of classrooms, sponsorship of scholarships, provision of school furniture and support for inter-house sports competitions in schools across the community.

Receiving the donation, Oba Olowobese expressed appreciation to Otunba Akintan for making the pledge and ensuring that it was fulfilled.

The monarch said the gesture would have a multiplier effect on education in Ketu land by encouraging pupils to take their studies seriously while inspiring them to embrace the culture of giving as they grow.

“On behalf of the esteemed people of Oja-Odan and the Development Council, I am happy to express my appreciation to our patriarch, Otunba Ephraim Lana Akintan, for making a vow and fulfilling it today,” the monarch said.

Oba Olowobese described Otunba Akintan as a philanthropist whose “generous works of uplift” are visible across the community, noting that his developmental interventions cut across different sectors. He prayed that God would continue to grant the nonagenarian good health, sound mind and peace of mind.

The traditional ruler also commended the Board of Trustees of OLAKHURF for its stewardship and achievements, expressing appreciation for the foundation's continued contribution to the development of the community.

The donation marked another milestone in Otunba Akintan's longstanding philanthropic activities as he celebrates his 97th birthday, reinforcing his commitment to education, community development and the advancement of young people in Ketu land.

Politics › In Defence Of Governor Dauda Lawal's Administration Against Social Media Campaig by VeronExtra(op): 4:30pm On Aug 18
By Oladapo Sofowora


While many are wondering why naysayers of Governor Dauda Lawal are angered by his growing influence in Zamfara and Nigeria's political space, which has led to his consistent inclusion in President Bola Ahmed Tinubu's foreign trips entourage, such critics are rather myopic or economical with the truth. Instead, they should be excited that a highly cerebral and financially prudent Governor like him is being included in these high-level diplomatic engagements, from which Zamfara stands to gain significantly. These trips open the state to better strategic positioning and create room for foreign direct investment in agricultural development, mining and mineral resources and other critical sectors.

While counting its gains and celebrating that a state once known as Nigeria's poverty capital is gradually reclaiming its lost glory, all thanks to Governor Dauda Lawal, many are playing politics with the collective future of Zamfara's people. The recent malicious and unverified post with the headline “ZAMFARA, Hijacked by Thieves!!” being shared across social media maligning and casting aspersions on Governor Dauda Lawal should not be overlooked by well-meaning Nigerians rather we all should collectively rebuke the author for trying to spread falsehood ignorantly by positing unverified stories to start a campaign of calumny against Governor Lawal and the Zamfara State Government. The author is definitely on a mission to paint a picture that does not reflect the true situation on the ground. Despite the opposition's constant wailing, Zamfara has continued to shine, recording not only a change in fortune but also unprecedented infrastructural development across the state one not witnessed since the creation of the state decades ago. Many states have even called for the Zamfara blueprint to be replicated elsewhere to achieve similar success. This shows that Governor Lawal is getting things right with his policies and also ways of actualising them.

Personally, despite witnessing all the developmental strides of Governor Lawal in Zamfara State, I find it essential to speak up against the lies being peddled online about a Governor who is financially prudent and has ensured that Zamfara experiences unprecedented development. He could easily have opened the state's purse and spent like a drunken sailor, but instead, he chose to invest in healthcare delivery, educational development, security, women's empowerment, skills acquisition, infrastructural development, agriculture, transportation and more.


Governor Lawal is Attracting Investment and Not Junketing Around the World


The author alleged that Governor Lawal spent millions of dollars on globe-trotting despite the figures being overly inflated by the author to suit his agenda, but conveniently ignores the results of these diplomatic missions. The world does not invest in a state it cannot see. Governor Lawal has been a tireless advocate for Zamfara's visibility on the global stage. Unlike previous administrations, this government has actively engaged with development partners and investors, positioning Zamfara as an investment hub, a strategy that contributed to the recent launch of the $200 million Zamfara Lithium Mining and Processing Plant operated by ZAM Mining Co. Ltd in Boko Village, Zurmi LGA, a joint investment by Chinese firm Jinlide Co. Ltd, Bima Mines and other partners. In business, you use money to make money and for Zamfara, foreign direct investment has not only positioned the state as an investment destination but has also created jobs and revenue opportunities that will drive sustainable development.

The trips the author listed have further secured critical partnerships in agriculture, infrastructure and security. The so-called "first-class tickets" and "charters" are standard for high-level diplomatic engagements, designed to protect the safety and security of the state's number one citizen. This is not a luxury; it is a necessity and protocols allow for such travel arrangements. As Governor Dauda Lawal has always advocated for open books and financial prudence with his budget performance published annually, the financial allocations the author mentioned are for official purposes and are documented not pocketed. The accusations are merely beer-parlour talk, given the massive influx of international support currently benefiting Zamfara State. The United Nations Secretary-General, Mrs Amina Mohammed recently paid a visit to the state where he lauded the governor for his strides also the educational sector is receiving positive attention from a global educational development body. These are gains of the foreign trips and every kobo spent is properly appropriated and accounted for in the budget performance.

On the allegations of lavish spending on aides, the author also listed inflated figures allegedly allocated to the Governor's close aides, figures that are clearly obnoxious. One wonders whether the author was present when the money he quoted was disbursed. The figures are merely a figment of his imagination, a blatant lie from the pit of hell. All those mentioned have vehemently disclosed that they only receive allocations tied to their offices, as required by law and that nothing extra was paid. The way the author quoted figures in dollars suggests he believes the dollar is official legal tender in Nigeria, which shows the author is simply trying to sell lies in a palatable way.

On ACReSAL and Development Contracts, the author has attempted to paint contracts for rural development as a "looting" exercise. This is an insult to the hardworking people of Zamfara, who can see where their taxes are being put to good use and where allocations are being expended. Some states award contracts that never see the light of day, but the contracts the author mentioned are verifiable and are actively being executed by the administration or some have been delivered. In Zamfara, contracts are bid for with solid requirements and when any contractor meets the required standards and demonstrates capacity, such contracts are awarded. Nobody unbiased can see the work being done by Governor Lawal and call it inferior. Contracts in Zamfara are executed with quality specifications and in line with stipulated procurement processes. According to sources, many contractors are awarded jobs based on performance and track records. As regards the allegation that contracts are given to Governor Lawal himself, that is a complete falsehood. Governor Lawal is not a contractor. He was a seasoned investment banker before venturing into politics. If the author can provide the name of Governor Lawal as director or owner of any company that has received contracts from Zamfara State, let him do so by publishing with facts and not mere assumption in a bid to distort the truth.

On the ACReSAL Project, the administration is actively implementing the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) project. Just recently, the project supported 1,000 Zamfara farmers with agricultural inputs and improved seeds to enhance food security. The contracts listed are not handouts to "friends"; they are development projects awarded to qualified firms. For instance, the ACReSAL project has specific contracts for flood and erosion control, such as the reclamation of 1,000 hectares in Gusau and Bungudu LGAs. These are projects that save lives and land. The Governor is committed to ensuring that the disbursement of funds actually delivers visible projects, unlike the previous administration where money was simply "shared" without any physical legacy.



The "Outsiders" Claim

The author also claims that over 90% of contracts are going to "outsiders" is a blatant lie. The government is transparently awarding contracts based on competence, speed and capacity. The pace of development across Zamfara and its local governments is unprecedented. His Excellency is focused on leaving a legacy of infrastructure. The billions of naira being spent on roads, hospitals and the airport are not "looted"; they are being constructed. The Airport recently had Zamfara pilgrims going for holy pilgrimage in Saudi Arabia fly and land after performing Hajj. We see the roads, the new Government House renovations, the solar power lighting up communities, the hospitals, the primary healthcare centres, the schools and more.

The author also mentioned a Zamfara indigene who got a contract based on their capacity. The question to be asked is were contracts not carried out and delivered? When an indigenous company gets a contract, the effect trickles down to the people because it’s a way of making funds move around the local economy. Governor Lawal has always advocated that 80% of Labour for Zamfara contracts should be picked from the people within the community this will create job opportunities and will also ensure inclusion in terms of economic effect on the people who will benefit from getting paid.

On the security funds embezzlement allegation, I also find it deeply offensive that the writer would accuse the Governor and his aides of embezzling funds intended for security. Governor Dauda Lawal has made security his top priority, investing heavily in the security architecture of the state. In the 2025 budget, security constitutes 6% of the total N545 billion "RESCUE BUDGET 2.0," totalling N32.28 billion allocated to security interventions. The Governor has established the Community Protection Guard (CPG), which has curtailed the level of insecurity experienced before the advent of his administration. He has also been a vocal advocate for state police, arguing that it would give governors genuine authority as chief security officers to combat insecurity effectively. The results are there for all to see: attacks have reduced, farmers are returning to their lands, and communities that were once deserted are now being repopulated. To insinuate that this administration is embezzling security funds is to insult the sacrifices of our gallant security forces who risk their lives daily to protect Zamfara citizens.




As much as I have wanted to look away from the lies being peddled, posterity would judge me for keeping quiet when such falsehoods are being consumed hook, line and sinker by many who believe them. The allegations are nothing but cheap political tricks. The administration under Governor Dauda Lawal has empowered more Zamfara indigenes in the last two years than in the previous ten. However, the administration should not allow a "taxi" company without the machinery to execute a multi-billion-naira road project just to satisfy the quota of "indigeneship." The government is building a state not an employment bureau for political cronies.

I urge the public to disregard this baseless blackmail. The Governor remains undeterred in its mission to reset the Zamfara narrative. The administration of Governor Lawal is open to scrutiny, but should not entertain a critique that ignores the visible evidence of development. The administration's books are open, projects are visible and the Governor is firmly on the ground politically. Instead of spreading falsehoods, the author should visit these project sites and see for himself the transformation of a state finally freed from the shackles of poor leadership.

Business › Lawyer Threatens Legal Action Against Opay Over Account Statement Delay, Poor Cu by VeronExtra(op): 11:17am On Aug 11
The popular Nigerian lawyer has threatened to sue fintech giant Opay over the delay he has experienced in obtaining his account statement despite repeated requests.

The legal practitioner made this known on his X (formerly Twitter) account, explaining that he had requested the statement a long time ago, but the financial institution had yet to provide him with anything tangible.

Comments under his post also suggest that some of his followers are aware of the situation, with a couple of them blaming Opay for allowing such a delay.

One of the comments highlighted the poor customer service rendered by the financial institution but praised its superb network.

“Opay’s customer service is very poor but the network is superb.”

Likewise, another user encouraged the legal practitioner to sue Opay, saying that their account had been frozen for no apparent reason.

“Please do. My account has been restricted for absolutely no reason and they’re asking me to get a court order.”

While some users confirmed that they do not experience such delays when requesting their account statements, most pointed out the poor customer service they experience with the financial institution.

It’s not the first time for Opay
Meanwhile, this is not the first time Opay has been accused of providing poor customer service, especially when issues arise.

It would be recalled that in 2024 customers were left in panic following the sudden disappearance of funds from their accounts without explanation.

According to many of them, they tried to transfer money, but due to technical issues, the payments failed. However, instead of the funds remaining in their accounts, they were debited without receiving any receipt for the transactions.

Although the customers were eventually refunded, during the period of the perceived glitch, the bank did not respond to customers or explain what had gone wrong.

https://newsextra.com.ng/lawyer-threatens-legal-action-against-opay-over-account-statement-delay-poor-customer-service/

Politics › VERON Lauds Oloyede For Uniting Ogun’s Digital Media Community by VeronExtra(op): 8:35am On Aug 11
By Adeyemi Obadimu


The Editor of NEWSEXTRA, Adeyemi Obadimu, popularly known as VERON, has commended the Convener of the Ogun State Progressives New Media Summit and Special Assistant on New Media to Senator Adeola Olamilekan Adeola, popularly known as Yayi, Omooba Damilare Oloyede, for bringing together bloggers, journalists, social media influencers and other digital media practitioners from across Ogun State.


Obadimu described the summit as a timely initiative capable of strengthening professionalism, collaboration and responsible use of new media, particularly ahead of the 2027 general elections.


The summit, held at the June 12 Cultural Centre, Kuto, Abeokuta, attracted participants from different parts of Ogun State and provided a platform for stakeholders in the digital media space to discuss the changing dynamics of political communication, misinformation, ethical journalism and the strategic use of social media.


Commending Oloyede for the initiative, Obadimu said the ability to bring together practitioners from different local government areas demonstrated the growing importance of collaboration in the state's new media ecosystem.


He said the gathering was significant because it allowed bloggers, journalists, influencers, content creators and political communicators to interact beyond their individual platforms and discuss issues affecting the profession.


According to him, "Omooba Damilare Oloyede deserves commendation for putting together a summit of this magnitude and bringing practitioners from across Ogun State under one roof.


"It is encouraging to see bloggers, journalists, influencers and other new media practitioners coming together to exchange ideas and discuss how we can collectively contribute to a more responsible and professional digital media environment.


"This is the kind of initiative that should be encouraged because the influence of new media on public opinion and political discourse can no longer be ignored."


Obadimu noted that the discussions at the summit were particularly relevant at a time when social media has become a major avenue for political communication and public engagement.


He stressed that while digital platforms provide opportunities for wider reach and faster dissemination of information, practitioners must also recognise the responsibility that comes with such influence.


The NEWSEXTRA Editor said the emphasis placed on truth, professionalism, responsible content creation and legal awareness during the summit was commendable, adding that political communication should not be allowed to undermine journalistic ethics or the rights of individuals.


He also called for stronger cooperation among media practitioners across Ogun State, saying collaboration would enable them to share knowledge, improve their professional standards and better serve the public.


Obadimu further urged political leaders and government officials to maintain regular engagement with new media practitioners rather than limiting their relationship with digital platforms to election periods.


He said credible new media platforms could play an important role in communicating government policies, programmes and achievements while also providing citizens with access to information and opportunities for engagement.


He equally encouraged bloggers and social media influencers to embrace continuous learning, fact-checking and emerging technologies, including artificial intelligence, while ensuring that speed does not take precedence over accuracy.


"The new media space is changing rapidly. Those who want to remain relevant must continue to learn and adapt. But whatever technology we use, credibility must remain the foundation of our work," he said.


Obadimu congratulated Oloyede and the organising team for the successful summit, describing the initiative as a positive development for Ogun State's media community.


He expressed hope that the summit would be sustained as a regular platform for networking, capacity building and professional engagement among new media practitioners across the state.


He said the participation of stakeholders from different parts of Ogun demonstrated the willingness of practitioners to work together towards building a stronger, more credible and responsible new media ecosystem in the state.

Politics › Egungbohun Celebrates Adeola As A ‘paragon Of Effective Representation’ by VeronExtra(op): 6:25am On Aug 10
The Olu-Omo of Yewaland and Chairman of IBD IMPEX QUARRY LTD, Chief Ibrahim Dende Egungbohun, popularly known as IBD Dende, has lauded Senator Solomon Olamilekan Adeola, popularly known as Yayi, as 'a paragon of effective representation' and a profound blessing to his people and the nation on the auspicious occasion of his 57th birthday.

In a birthday message issued ahead of Adeola’s 57th birthday on Monday, August 10, 2026, Chief Egungbohun, referring to the Senator affectionately as his “dear brother and leader,” praised his deep empathy and consistent dedication to uplifting the vulnerable.

He noted that the Senator has consistently rolled out impactful empowerment programs, educational scholarships, and extensive community support initiatives across the region.

Chief Egungbohun acknowledged that the Senator's legislative track record extends far beyond traditional policy-making, reflecting a genuine passion for human capital development. He reiterated that these targeted interventions have effectively addressed the immediate socio-economic needs of grassroots communities within the senatorial district.

Highlighting Adeola’s traditional title, Chief Egungbohun said, “Beyond the capital, your crown as the Aremo of Yewaland shows where your heart truly lies—completely dedicated to the progress of our people.

“Look at the recent record of your impact:
• Over 10,000 women empowered to financial independence
• 5,513 Ogun students lifted with scholarships and grants
• Hundreds of farmers supported to secure our food supply.

“You are the definition of a grassroots politician, a tireless philanthropist, and a man of the people.

“I pray that God, who has used your hands to lift thousands out of lack, will lift you to heights beyond your wildest dreams,” he said.

He also wished the Senator divine wisdom, physical strength and greater opportunities to break new ground for Ogun West, Ogun State and Nigeria.

“As you mark 57 years, may God bless you with good health, greater wisdom, and the grace to achieve even more for all of us,” Chief Egungbohun concluded.

Business › OPINION: Geregu Power Bond: Separating Historical Debt From Current Ownership _ by VeronExtra(op): 4:34pm On Aug 09
By Fanan Akya Esq

Recent reports concerning Geregu Power Plc’s Series 1 Senior Unsecured Bond have created an impression that the company’s current ownership is responsible for a debt obligation inherited from its predecessor and that the reported payment situation is evidence of financial distress under the present owners.
That narrative is misleading, requires important clarification and should not be allowed to create an inaccurate impression in the minds of investors, bondholders, regulators and members of the public.


The public is therefore urged to exercise caution in relying on the report as presented, particularly its attempt to connect the reported bond obligation with the financial standing, operational management and ownership of Geregu Power under its current proprietors without adequately explaining the circumstances surrounding the origin of the debt and the ownership transition.

THE CRITICAL FACT THE REPORT FAILED TO PROPERLY EXPLAIN
At the heart of the matter is a fundamental distinction between a liability associated with the company before the change in ownership and the financial responsibilities of the new owners following the acquisition.

The N40.09 billion Series 1 Senior Unsecured Bond referenced in the report did not originate under the current ownership.

The bond was issued on July 28, 2022, under Geregu Power Plc’s N100 billion debt issuance programme.
Consequently, any attempt to portray the present owners as the parties who originated the borrowing or personally incurred the underlying obligation is a distortion of the chronology.
The ownership of a company and the historical liabilities of a corporate entity are not automatically the same thing as the personal financial obligations of the individuals or investors who subsequently acquire an interest in that company.

This distinction is particularly important in corporate transactions.
A company is a separate legal entity from its shareholders. Where an acquisition involves the purchase of shares or ownership interests, the transaction must be examined in accordance with the terms, representations, warranties, indemnities and liability arrangements contained in the relevant transaction documents.
It is therefore inaccurate and potentially prejudicial to reduce a complex corporate history to a headline suggesting that the “new owners” incurred or originated the bond debt.
The debt existed before the current ownership arrangement.

A DEBT CANNOT BE REWRITTEN BY A CHANGE OF OWNERSHIP
The report appears to have conflated the existence of a corporate obligation with the identity of the people who subsequently acquired ownership of the company.
That is a fundamental analytical problem.
The issuance of the bond predates the present ownership being blamed for its existence. The debt therefore belongs to the corporate history of Geregu Power Plc and must be examined within the context in which the borrowing was undertaken.

The relevant question is not simply whether an obligation exists.
The relevant questions are:
Who issued the bond? When was it issued? Under whose ownership and management was the borrowing undertaken? What was the purpose of the financing? What liabilities were outstanding when the ownership transition occurred? And what obligations, if any, were assumed personally by the incoming owners?
Those questions cannot responsibly be answered by simply pointing to an FMDQ listing and then attributing the underlying debt to the current owners.
Indeed, the report itself establishes the chronology: the bond was issued on July 28, 2022.

That chronology should have been placed at the centre of the story rather than buried in the narrative.

THE CURRENT OWNERS DID NOT CREATE THE HISTORICAL BORROWING
It is important to state the position clearly.
The current owners of Geregu Power should not be portrayed as though they were the originators of the N40.09 billion bond obligation.
They inherited a corporate structure with an existing financial history and, as is normal in corporate ownership transitions, the status of existing obligations must be assessed according to the terms of the transaction.
The distinction between the company and its shareholders is also fundamental.
Geregu Power Plc is a corporate entity. A shareholder does not automatically become the personal debtor for every historical obligation of a company simply because that shareholder acquires the company.

Similarly, acquiring shares in a company does not mean that the incoming shareholders personally borrowed money under every facility previously obtained by that company.
The report therefore needs to be understood against the proper corporate and legal background.

A company may continue to have obligations entered into before a change in ownership. That does not mean the new shareholders personally created those obligations.
This is not a semantic distinction.
It is the difference between accurate financial reporting and a narrative that can unfairly attribute historical corporate decisions to a new ownership structure.

THE FMDQ STATUS SHOULD NOT BE MISREPRESENTED
The reported FMDQ status concerning the Series 1 bond is a matter that should obviously be taken seriously.
But the existence of a reported payment issue does not, by itself, establish the broader allegations or implications drawn by the report.
A bond payment status is one thing.
Attributing the origin of the debt to the current owners is another.The two should not be conflated. If the eighth coupon and fourth principal repayment were not made when due, that fact can be reported. However, responsible reporting must also explain the historical circumstances of the instrument, including when it was issued and under what ownership structure.

It is therefore misleading to use the reported status of a legacy corporate instrument as a vehicle for portraying the current ownership as the originator of the indebtedness.

THE TURBINE MAINTENANCE PROGRAMME IS NOT PROOF OF FINANCIAL MISMANAGEMENT
The report also places considerable emphasis on Geregu Power’s N61.47 billion major turbine maintenance programme and links the temporary reduction in generating activity to the reported deterioration in revenue and earnings.
Again, context is essential.
Major maintenance of power-generation infrastructure is not, by itself, evidence of financial mismanagement.
Power plants are capital-intensive assets. Turbines require periodic overhaul, maintenance and refurbishment to preserve reliability, efficiency, safety and long-term generation capacity. A temporary reduction in generation during a major maintenance cycle can naturally affect revenue. That should not automatically be converted into a narrative of corporate collapse.
The figures cited in the report — including the decline in revenue and profit during the first half of 2026 — deserve analysis. But financial journalism must distinguish between temporary operational disruption caused by a planned maintenance programme and structural deterioration in the underlying business.
Those are not necessarily the same thing.

A company can experience reduced short-term revenue while undertaking expenditure designed to protect or increase future productive capacity.
Indeed, the entire economic rationale of major maintenance is that today's expenditure and temporary operational disruption can support tomorrow's reliability and revenue generation.

THE COMPANY’S LONG-TERM VALUE CANNOT BE JUDGED FROM ONE MAINTENANCE CYCLE
The report cites the decline in first-half earnings and the substantial reduction in second-quarter revenue as evidence of severe financial deterioration.
But financial performance should be examined within the operational context where a significant generating asset is undergoing major turbine overhaul, output can inevitably be affected. The more important question for investors is whether the maintenance programme is successfully completed, whether generating capacity returns as anticipated and whether the company is subsequently able to restore revenue and cash generation.

This is particularly important because the report itself acknowledges that GCR Ratings affirmed Geregu Power's national scale long-term issuer rating at A(NG) with a Stable outlook.
That assessment is difficult to reconcile with a simplistic narrative that portrays the company as having suffered an irreversible financial collapse. The rating agency's outlook reportedly reflects an expectation of recovery in generation and revenue following completion of the turbine overhaul and restoration of available capacity.
That is a materially different picture from the impression created by the report's headline narrative.

THE REPORT SELECTIVELY PRESENTS THE NUMBERS
There is nothing wrong with reporting that Geregu Power's revenue and profit declined.
Investors deserve access to such information.
However, responsible financial reporting requires more than selecting the most alarming numbers. The report cites the 88 per cent fall in profit after tax, the 78.71 per cent decline in revenue and the dramatic reduction in quarterly turnover. But it also acknowledges the N16.12 billion reversal of financial asset impairment and the decline in total liabilities to N239.33 billion.
These facts require interpretation.
A temporary deterioration in operating income during a major maintenance cycle should not automatically be presented as evidence that the business model has failed or that the current owners have recklessly accumulated debt.
Nor should a temporary liquidity challenge be confused with insolvency.


There is a substantial difference between a company experiencing a cash-flow mismatch during a major capital-intensive maintenance programme and a company whose underlying assets and business model have become fundamentally impaired. The distinction matters enormously to investors.

THE SHARE PRICE MOVEMENT DOES NOT PROVE THE REPORT’S CENTRAL CLAIM
The report also cites the decline in Geregu Power's share price from N1,141.50 at the beginning of the year to N825.70 on August 7, representing a decline of 27.67 per cent.
Market performance is relevant. But a share-price movement cannot, by itself, establish the cause of a corporate event. Share prices reflect a combination of expectations, sentiment, liquidity, market conditions, corporate developments and investor perceptions.
A fall in market price does not automatically prove that the current owners are responsible for a historical debt obligation. Nor does it establish that the company has no viable recovery pathway.

Indeed, the report itself acknowledges the possibility of recovery once the turbine overhaul is completed. It is therefore inconsistent to simultaneously acknowledge a credible recovery outlook and use a temporary share-price decline as though it conclusively establishes permanent corporate distress.

INVESTORS DESERVE FACTS, NOT A DISTORTED OWNERSHIP NARRATIVE
Geregu Power operates in one of Nigeria's most strategically important sectors.
The country's electricity market needs generating companies capable of investing in, maintaining and expanding generation infrastructure. That makes accurate reporting about the financial position of GENCOs particularly important. A misleading narrative can have consequences far beyond a single company. It can affect investor confidence, counterparties, lenders, bondholders, employees and the broader power sector.
For that reason, the distinction between historical obligations and the actions of current owners must be respected.

If a bond was issued before the current ownership arrangement, that fact should be prominently stated, if the debt formed part of the company's pre-existing financial obligations, that should be clearly explained. If there are contractual arrangements governing liabilities following the ownership transition, those should be considered before assigning responsibility.
What should not happen is the creation of an impression that the current owners personally originated or incurred a corporate borrowing simply because they subsequently became owners of the company.

THE PUBLIC SHOULD DISREGARD THE MISLEADING IMPRESSION
The report's treatment of the bond issue is therefore incomplete and capable of misleading readers. While the status of the bond and the company's financial performance remain matters that investors are entitled to scrutinise, the attempt to connect the historical bond obligation directly to the current owners without adequately explaining the ownership chronology is inaccurate and unfair. The public should therefore disregard the misleading impression created by the report.
The facts are straightforward:
The bond was issued on July 28, 2022.
The current ownership did not originate that borrowing. The existence of a corporate liability predating a change in ownership does not mean that the incoming shareholders personally incurred the debt.
The current operational pressures must be considered in the context of the company's major turbine maintenance programme and its expected restoration of generating capacity.
And the company's long-term credit outlook must be considered alongside, rather than isolated from, the temporary financial pressures being experienced.

A CALL FOR RESPONSIBLE FINANCIAL JOURNALISM
There is a legitimate role for scrutiny of listed companies. Indeed, companies operating in the capital market must be held to the highest standards of transparency and accountability.
But scrutiny must be based on complete facts.
Financial journalism should not become a vehicle for creating panic among investors or attributing historical corporate decisions to people who were not responsible for making them. Where a company has changed ownership, reporters must examine the transaction history, the timing of financial obligations and the legal structure governing liabilities.
Anything less risks turning legitimate reporting into a misleading narrative. Geregu Power's present financial performance can and should be examined critically. Its bond obligations can and should be monitored. Its maintenance programme can and should be subjected to appropriate scrutiny.


But those issues should not be used to rewrite the company's ownership history.
The public deserves the full picture.

CONCLUSION
The reported bond situation should be understood within its proper historical, corporate and operational context. The fact that Geregu Power Plc is currently associated with a bond obligation does not mean that the current owners originated that debt. The bond predates the present ownership arrangement, and any attempt to suggest otherwise is misleading.
Similarly, the temporary deterioration in earnings associated with the major turbine maintenance programme should not be presented as conclusive evidence of permanent financial failure.
The appropriate approach is to allow the facts, audited financial information, transaction documentation, applicable regulatory disclosures and the company's operational recovery programme to speak for themselves.
Geregu Power remains an important player in Nigeria's power-generation ecosystem, and its current challenges deserve serious but balanced scrutiny.

What the public should reject, however, is a narrative that blurs the distinction between a pre-existing corporate obligation and the people who subsequently acquired ownership of the company.

That distinction is fundamental. And getting it wrong does a disservice not only to Geregu Power and its investors, but also to the Nigerian capital market and the principle of responsible financial journalism.

Fanan Akya Esq.

Politics › Joint Intelligence Operation Key To Curbing Insecurity – Ndarani by VeronExtra(op):
By Ebere Agozie

A Senior Advocate of Nigeria, Mohammed Ndarani, SAN says joint intelligence sharing and operation remains key to curbing insecurity in Nigeria.

Ndarani made the assertion in an interview with the News Agency of Nigeria (NAN) on Saturday in Abuja.

The senior lawyer was reacting to the recent successful rescue and release of 308 kidnapped victims from Kwara and Niger states.

He said that the security challenge faced in the country requires collective effort, not only from the security agencies but also from Nigerians.

``I was worried but now delighted over the rescue of the victims abducted in separate attacks in Kwara and Niger states.

``With the release, Nigerians, and not just the families of the victims, will breathe a sigh of relief, and for that, we give thanks to God Almighty.'' 

He commended the efforts of President Bola Tinubu, National Security Adviser, Nuhu Ribadu, and all the security agencies involved in the largest single-day rescue mission in Nigeria.

"Ribadu's style of security approach to protecting lives and properties is one of the best in the world.

``If we must have victory against rural criminality, people in our local communities must be prepared to share information with the relevant authorities.

``If you see something, say something. Intelligence gathering is key as some of these criminals have relatives and friends who know what they are doing or are suspicious of some of their activities.

``These suspicious activities should be reported to grow efficiency and collaboration among citizens and our security agencies.''

He said the rescue has given Nigerians hope and urged security agencies to sustain the momentum and intensify efforts to prevent further attacks and abductions across the nation.

``I urge Nigerians to continue to share useful security information with the authorities to stop these criminal attacks and make our nation safer and more peaceful. 

``I commend president Tinubu and the NSA for their steadfast resolve to eliminate security threats, protect vulnerable Nigerians and restore lasting peace across the nation.

The learned silk. thereafter, called for quick and thorough prosecution and sentencing of perpetrators of these dastardly acts.

``These criminals should be prosecuted to serve as deterrent to people who want to embark on such activities and as well bring justice to the victims of their actions,'' Ndarani said.

NAN reports that the rescue comes weeks after 44 pupils and teachers abducted during a school attack in Oyo state were freed after more than 50 days in captivity.

The series of abductions, including attacks in parts of north-central and southern Nigeria, has raised fresh concerns that insecurity is spreading beyond the country's traditional conflict zones.

Politics › 2027: Yayi Endorses Ogun State Pathfinders, Integrates Group Into Campaign Team by VeronExtra(op): 12:27am On Aug 03
All Progressives Congress (APC) consensus governorship candidate for the 2027 Ogun State governorship election, Senator Solomon Olamilekan Adeola (Yayi), has endorsed the Ogun State Pathfinders—a civic platform committed to promoting good governance, sustainable development and leadership excellence in Ogun State—and pledged to integrate the group into his campaign structure ahead of the 2027 election.

The endorsement came on Friday, July 31, when members of the association paid a courtesy visit to the senator’s Ilaro residence.

During the meeting, Senator Adeola approved the association's campaign identity, including its branded T-shirts, Logo and Campaign Song, describing the initiative as a commendable contribution to grassroots mobilisation and public engagement.

The senator expressed appreciation for the group's sustained public enlightenment and voter awareness activities across Ogun State, assuring members that their commitment to promoting civic participation and good governance would not go unnoticed.

As part of efforts to strengthen collaboration, Adeola announced that the Ogun State Pathfinders would be formally integrated into his campaign team.

He also specially commended the Convener of the association, Comrade Kayode S. Agbeyangi, who is the National Secretary of the National Union of Road Transport Workers (NURTW), for providing leadership and mobilising support for the movement.

The Ogun State Pathfinders is a visionary platform dedicated to promoting good governance, sustainable development, leadership excellence and the socio-economic advancement of Ogun State and its people.

While non-governmental in its outlook, the platform has resolved to mobilise voters and deepen grassroots support for Senator Solomon Olamilekan Adeola's governorship ambition ahead of the 2027 Ogun State election.

It draws its membership from the three senatorial districts of the state and is committed to encouraging active citizen participation in governance and democratic development.

Business › Court Fines Stanbic IBTC For Illegal Customer Data Processing, Orders Deletion by VeronExtra(op): 3:35pm On Aug 02
A High Court of the Federal Capital Territory has ordered Stanbic IBTC Bank to pay N15 million in damages for unlawfully retaining and processing the personal data of two former customers after they terminated their banking relationship.

The judgment, delivered on July 29, 2026, by Justice Kayode Agunloye, also directed the bank to erase all personal data relating to the claimants that it is not legally required to retain and restrained it from further processing or using their information for marketing purposes.

The suit, marked CV/2190/25, was instituted on June 10, 2025, by David Ogundipe and Salami Tolulope Ibrahim, who sought enforcement of their rights under the Nigeria Data Protection Act (NDPA) 2023, Section 37 of the 1999 Constitution, and the Federal Competition and Consumer Protection Act (FCCPA) 2018.

According to court documents, the claimants had operated a corporate account with Stanbic IBTC before instructing the bank to close it over unresolved issues. Although the bank complied with the closure request, it allegedly continued sending promotional emails and text messages to their corporate and personal contacts.

The claimants, through their solicitors, formally demanded that the bank stop processing their personal data for marketing purposes. Despite acknowledging the request and assuring them that the messages would cease, the communications reportedly continued, prompting the legal action.

In his judgment, Justice Agunloye held that the bank had no lawful basis under the NDPA to continue processing the claimants' personal data after the banking relationship had ended and consent had been withdrawn.

He ruled that the continued retention and processing of the claimants' data violated the Nigeria Data Protection Act and infringed on their constitutional right to privacy. The court further held that the bank's use of the data for marketing constituted an unfair trade practice under the FCCPA.

The court ordered Stanbic IBTC to delete all personal data relating to the claimants that it is not legally required to retain and issued a perpetual injunction restraining the bank, its agents and assigns from further processing, using or transmitting the claimants' information for marketing or any other unauthorised purpose.

While the claimants had sought N250 million in damages, the court described the amount as excessive and instead awarded N15 million as general damages for the persistent unsolicited communications, failure to adequately respond to requests for data erasure, and the invasion of the claimants' privacy.

Justice Agunloye also awarded N500,000 as the cost of the suit and ordered 10 per cent post-judgment interest per annum until the judgment sum is fully paid.

However, the court declined to order the wholesale deletion of all customer records, noting that banks are legally required under banking regulations and anti-money laundering laws to retain certain records for statutory purposes.

Reacting to the judgment, lead counsel to the claimants, O.E. Oluwadamisi of Earnest Attorneys LP, described the ruling as a landmark decision that reinforces the enforcement of data protection rights in Nigeria.

One of the claimants, David Ogundipe, said the judgment affirmed that customers do not lose control of their personal information simply because they previously maintained a banking relationship with a financial institution.

The ruling is expected to serve as an important precedent for financial institutions and other organisations on compliance with the Nigeria Data Protection Act 2023, particularly regarding the handling of customers' personal data after account closure.
https://newsextra.com.ng/court-fines-stanbic-ibtc-n15m-for-illegal-customer-data-processing-orders-data-deletion/

Celebrities › Honorary Georgia Citizenship: Egungbohun's Journey From Humble Beginnings To Glo by VeronExtra(op): 6:55pm On Jul 18
Nigerian entrepreneur and philanthropist, Chief Ibrahim Dende Egungbohun, popularly known as IBD Dende, has received international recognition as an Honorary Citizen of the State of Georgia, United States, in acknowledgement of his contributions to entrepreneurship, philanthropy, economic development, and community service.


The honour, conferred through Georgia Senate District 28 under the leadership of Senator Dr. Donzella James on Tuesday, the 14th day of July, 2026, during an official legislative session, following a Special Commendation dated 1st day of December, 2025 recognising Chief Egungbohun's lifetime leadership, humanitarian commitment, and positive impact on communities in Nigeria and beyond.


Senator Donzella James is an American politician and one of Georgia's longest-serving Democratic lawmakers.

She previously represented Georgia's 35th Senate District before redistricting and currently serves as the Senator representing Georgia Senate District 28.

She earned a bachelor's degree in Criminal Justice and Political Science from Morris Brown College and has built a distinguished career in public service and legislative leadership.


According to the citation, the Senate resolution, as read by Senator James, formally recognised Chief Egungbohun as a goodwill ambassador whose integrity, leadership, and humanitarian service exemplify the ideals of international friendship, cooperation, and community development.


The legislative honour from the Georgia State Senate marks another milestone in the career of the Ogun State-born businessman, whose journey from modest beginnings to becoming one of Nigeria's leading indigenous entrepreneurs has been defined by resilience, enterprise, and social impact.


Accepting the award, Chief Egungbohun expressed his deep gratitude to Senator James, the Georgia State Senate, and the citizens of Atlanta, reaffirming his lifelong devotion to investing in human capital, facilitating global trade linkages, and lifting vulnerable communities across the world.


As a native of Ebute-Igbooro, Yewa North Local Government Area of Ogun State, Chief Egungbohun received his primary and secondary education in his hometown before venturing into business.


In 2003, he founded IBD Farms, which has evolved into a conglomerate under IBD IMPEX LTD, comprising IBD, IBD Logistics, IBD International Hotels, IBD Quarry, and IBD Real Estate.

The enterprises have created thousands of direct and indirect employment opportunities while contributing to commercial growth, infrastructure development, and regional economic expansion.


Beyond business, Chief Egungbohun has earned a reputation for philanthropy through the Ibrahim Dende Foundation in Nigeria and IBD Global Impact International in Canada.


Through the organisations, he has supported educational scholarships, healthcare programmes, youth empowerment initiatives, humanitarian interventions, infrastructure development, business mentorship, and assistance for widows and vulnerable families.


His commitment to community development has attracted several recognitions over the years. He was installed as the Oluomo of Yewaland by the Yewa Traditional Council in recognition of his contributions to the socio-economic development of the region.


He has also received several national and international honours, including the Green and White Champion Award, recognition from the City of Brampton, Canada, awards from the Oduduwa Development Initiatives, and other commendations for his leadership and humanitarian service.


Observers say the latest honour by the State of Georgia further underscores his growing international profile and recognises the impact of his entrepreneurial achievements and philanthropic investments across sectors.


Chief Egungbohun's story continues to resonate with many aspiring entrepreneurs as an example of how determination, strategic leadership, and commitment to community development can transform humble beginnings into lasting national and international impact.

Politics › AGBELEBU Is The Right Choice For Agege Constituency I Says Victor Ogunleye by VeronExtra(op): 10:48am On Jul 14
By Adeyemi Obadimu Veron

A prominent chieftain of the All Progressives Congress (APC) in Agege, Honourable Victor Ogunleye, popularly known as OOSA, has called on all sons and daughters of Agege Constituency I and the entire Agege community to unite behind the party's House of Assembly candidate, Hon. Oluwagbenga Abiola (AGBELEBU), describing him as the right leader to provide purposeful, people-centred and quality representation at the Lagos State House of Assembly.



In a statement issued on Tuesday, Ogunleye said AGBELEBU possesses the experience, competence, humility and leadership qualities required to effectively represent the interests of the people, while sustaining the progressive ideals of the APC in Agege.



According to OOSA, the emergence of AGBELEBU as the party's candidate reflects the confidence reposed in him by party leaders and members, adding that the people of Agege now have a unique opportunity to elect a representative who understands their aspirations and is committed to delivering meaningful development.


"I wholeheartedly urge every son and daughter of Agege Constituency I and the entire Agege community to rally behind Hon. Oluwagbenga Abiola (AGBELEBU). He is a dependable, intelligent, vibrant and youth-oriented leader with the capacity to provide quality representation for our people."


"AGBELEBU is a team player who carries leaders, elders, youths and women along in decision-making. His inclusive style of leadership, accessibility and commitment to service make him the ideal choice to represent Agege at the Lagos State House of Assembly."


Ogunleye further noted that the APC candidate has consistently demonstrated loyalty to the party and dedication to grassroots development, stressing that his emergence marks the beginning of a new chapter of responsive and effective representation for the constituency.


He urged party faithful and residents to remain united, peaceful and committed throughout the electoral process, emphasizing that collective support for AGBELEBU would guarantee greater dividends of democracy for the people.


"Agege has always stood firmly with the progressive family. This is another opportunity for us to strengthen that legacy by electing a representative who will protect the interests of our people, facilitate impactful legislation and attract more developmental projects to our constituency," he said.


The APC stalwart expressed confidence that with the overwhelming support of party members, community leaders, market associations, artisans, professionals, youths and women, AGBELEBU would emerge victorious and deliver exceptional representation that would make Agege proud.

He concluded by calling on all party stakeholders, members and supporters to unite in ensuring a resounding victory for the All Progressives Congress (APC), describing the election as a defining moment for the continued growth, unity and development of Agege.


He urged everyone to put aside political differences, personal interests and group affiliations, stressing that the APC remains one united family.

He also appealed to members to shun all forms of violence, embrace peace, and work together in the spirit of harmony and mutual respect for the success of the party.

Education › Tinubu, Tetfund Power FUT Ilaro With 1.6MW Solar Project, Enhanced Campus Securi by VeronExtra(op): 2:04pm On Jul 06
The Federal Government, under the leadership of President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu, GCFR, has taken another bold step in strengthening technological education with the commencement of a project site for the procurement and construction of a 1.6MWp/1.5MWh solar mini-grid at the Federal University of Technology, Ilaro, through the Tertiary Education Trust Fund (TETFund).

The infrastructure development comes alongside a major security upgrade on campus, as the university management simultaneously commissioned and donated a newly constructed Police Post to the Nigeria Police Force to secure the academic environment and its host community.

The landmark solar project, which will occupy approximately three acres of land, is designed to provide stable electricity for teaching, research, innovation, and other academic activities.

The sustainable energy upgrade will further accelerate the institution's ongoing transition into a premier University of Technology while drastically reducing its dependence on the national grid.

As part of the commencement process, officials from TETFund—Arc. Ekpenyong Nsa Ayi, Engr. Aliyu Ibrahim, and Arc. Zaharadeen Ahmed Sale—formally introduced the project consultants and contractors from Zango Corporate Innovation Limited to the institution's management team.

Among those introduced were Engr. Omofuma O., Bamigbose M. A., and Kolaru Oluwatosin E., who will be responsible for the successful execution of the mini-grid.

Speaking during the presentation, the Rector and Acting Vice-Chancellor, Dr. Mukail Aremu Akinde, FCA, FCTI, ACS, described an uninterrupted power supply as the backbone of technological advancement.

He emphasized that modern research and student innovations cannot thrive without reliable electricity.

Dr. Akinde expressed profound appreciation to President Bola Ahmed Tinubu, the Executive Secretary of TETFund, Arc. Sonny Echono, and all other key stakeholders.

FUTI's Director of Physical Planning, TPL Femi Ajayi, and the Chairman of the TETFund Energy Audit Committee, Engr. Omolola S.E., assured the incoming contractors of maximum cooperation, promising a peaceful and enabling environment throughout the installation phase.

Recognizing that academic excellence and stable infrastructure require an absolute atmosphere of safety, FUT Ilaro paired its green energy drive with the launch of a newly constructed Police Post.

The facility was officially commissioned on behalf of His Royal Majesty, Oba Kehinde Gbadewole Asade Agunloye IV, the Olu of Ilaro and Paramount Ruler of Yewaland, represented by the Secretary of the Olu-in-Council, Chief Ayo Dawotola.

Chief Dawotola commended the university's management for the impactful corporate social responsibility (CSR) initiative, noting that the post will deepen the cordial relationship between the institution and Yewaland.

Dr. Akinde reaffirmed the university's unwavering commitment to the protection of lives and properties, stating that the Governing Council regards campus security as a priceless investment.

According to the Rector, parents and guardians entrust the university with their children, making the provision of robust security infrastructure a fundamental institutional responsibility.

The Rector extended his appreciation to the immediate past Inspector-General of Police, Dr. Kayode Egbetokun, for his pivotal role in facilitating the project, while acknowledging the incumbent Inspector-General of Police, Tunji Disu, for approving the establishment of a Squadron Command within the institution to further reinforce campus safety.

The newly commissioned Police Post is expected to improve rapid emergency response and strengthen collaboration between national security agencies and the school.

Senior police officers, including Area Commander ASP Bamidele Job and Squadron Commander Biliamin Katibi, formally received the facility on behalf of the Nigeria Police Force.

In her vote of thanks, the Registrar of the University, Mrs. A. F. Babatola, conveyed the institution's sincere appreciation to President Tinubu, TETFund Executive Secretary Arc. Sonny Echono, and the university community.

She reaffirmed the institution's determination to protect the new assets, describing the dual achievements as a major milestone in FUTI's journey toward becoming a leading global University of Technology.

Christianity Etc › Primate Ayodele Gives Out Fully Furnished House, Seven Vehicles To Church Member by VeronExtra(op): 10:21am On Jun 29
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has gifted a fully furnished house, seven vehicles, and several other items to members of the church as part of activities marking the church's 2026 mid-year thanksgiving programme.

The unprecedented event took place on Sunday, June 28, 2026, leaving many of the beneficiaries in shock, as they had no idea they would receive such life-changing gifts from the renowned prophet. Although Primate Ayodele is known for his generosity and philanthropic acts, the scale of the gifts presented during the programme surpassed the expectations of everyone in attendance.

One of the beneficiaries attended the service with his wife in a modest salon car, never imagining that he would return home with a brand-new Toyota SUV. Before presenting the vehicle, Primate Ayodele tested the couple by asking them to make a small donation to the church. After they complied, he returned the money to them, added more to it, and then surprised them with the keys to the SUV. The couple was left speechless, overwhelmed with joy and gratitude.

Another recipient was not a full member of the church but had maintained a close relationship with Primate Ayodele and had consistently supported the ministry. Interestingly, he had previously received a car from the prophet years ago.

During the programme, Primate Ayodele called him out from the congregation and asked for the keys to his car. Without hesitation, he handed them over. The prophet immediately instructed that the vehicle be given out as an empowerment gift to another member of the congregation.

While the young man was still trying to process what had just happened, Primate Ayodele presented him with the keys to a newer Toyota vehicle. He had arrived at the programme in an old car but returned home in a newer one—a surprise that left both him and the congregation in awe.

In addition to the church members, two pastors were also rewarded with vehicles. One received a Mercedes-Benz, while the other was presented with a Lexus SUV.

Beyond the outright gifts, Primate Ayodele also introduced an empowerment raffle. Anyone who had N1 million was entered into a draw to win a vehicle worth about N7 million. Four participants emerged as winners, and each went home with a different vehicle.

The biggest surprise of the day, however, was reserved for the church's second-in-command.

To the amazement of the congregation, Primate Ayodele presented him with the Certificate of Occupancy (C of O) of a fully furnished house in Lagos. The announcement stunned the entire congregation, with many left visibly speechless by the magnitude of the gift.

The prophet's generosity extended far beyond vehicles and houses. As part of his popular subsidy market initiative, essential food items were sold at heavily discounted prices to ease the burden on members and residents. A bag of rice sold for as low as N30,000, cartons of Indomie noodles were sold for N4,000, while loaves of bread went for just N1,500, among several other subsidised items.

Students from schools across Lagos State also benefited from the programme. Widows, elderly people, traders, church workers, and many others received various forms of financial support and empowerment, further reflecting Primate Ayodele's commitment to humanitarian service.

Indeed, June 28, 2026, will remain an unforgettable day for the beneficiaries, many of whom described the occasion as the day God remembered them through the ministry of Primate Elijah Ayodele.

Politics › Oloworo Felicitates Sanwo-olu At 61, Wishes Him Continued Success by VeronExtra(op): 12:32pm On Jun 25
By Adeyemi Obadimu


The Oloworo of Oworosoki Kingdom, His Royal Majesty, Oba Babatunde Saliu Elebo II, has extended warm felicitations and heartfelt congratulations to the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu, on the occasion of his 61st birthday.


In a goodwill message issued from his palace, the revered monarch described Governor Sanwo-Olu as an exemplary leader whose commitment, dedication, and passion for the growth and development of Lagos State have continued to earn him the admiration and respect of many across the state and beyond.


Oba Elebo II praised the Governor's tireless work ethic, energetic leadership style, and remarkable ability to listen to the concerns of the people, noting that these qualities have significantly contributed to the steady progress and transformation being witnessed across Lagos State.


According to the royal father, Governor Sanwo-Olu has consistently demonstrated uncommon courage, vision, and humility in the discharge of his responsibilities, making him a worthy ambassador of good governance and people-oriented leadership.


"On behalf of the entire Oworosoki Kingdom, I join family members, friends, political associates, and millions of Lagosians in celebrating His Excellency, Governor Babajide Olusola Sanwo-Olu, on this special milestone. His dedication to service, accessibility, and unwavering commitment to the welfare of Lagos residents remain highly commendable," the monarch stated.


Oba Babatunde Saliu Elebo II further prayed that Almighty God would continue to grant the Governor divine wisdom, sound health, strength, peace of mind, and greater accomplishments as he continues to steer the affairs of Lagos State toward greater heights.


The royal father wished Governor Sanwo-Olu many more years of fruitful service, abundant blessings, prosperity, happiness, and fulfillment, expressing confidence that the Governor's best years of service to humanity and Lagos State are still ahead.


Happy 61st Birthday to a distinguished leader, a visionary administrator, and a worthy son of Lagos State.

Politics › Who Is Dr. Livinus Adzer Tsar? By Terhemba Ulam by VeronExtra(op): 11:59am On Jun 24
Dr. Livinus Adzer Tsar is a dynamic leader, entrepreneur, community developer, and philanthropist in his forties, hailing from Mbanor in Konshisha Local Government Area, North-Eastern Benue State. His maternal home is in Ushongu LGA, and he comes from the prominent Tsar Jirgba family~a lineage known for exceptional agricultural productivity, with Mbanor consistently ranking among the highest-producing wards in the region.

Raised in a well-connected family with extensive intermarriages across Benue and Nigeria, Dr. Tsar grew up with a strong work ethic. Like many regular young men, he attended school while venturing into the private sector early in life. He excelled in artisanship, logistics, and trading across multiple sectors. His business grew organically and steadily, expanding into automobile trading, high-level logistics, contracts, and brief but impactful involvement in the public sector.

He is happily married with children and has traveled extensively, which deepened his passion for technology, industrialization, community development, and humanitarian service.

*Key Achievements and Contributions*

•Through his artisanship ventures, he ventured into real estate ~ building and selling quality houses and apartments.

•As a committed community developer, he has earned recognition both locally and internationally, forging relationships with people of influence and integrity.

•His humanitarian efforts, which began early, include:
◦ Food supplies to vulnerable communities
◦ Scholarships for students
◦ Sinking boreholes for access to portable water
◦ Providing transformers for electricity reticulation across communities
◦ Building Roads and homes for the needy
◦ Constructing low-cost schools
These impactful initiatives caught the attention of government authorities.

The Governor appointed him as a key Point Man in Konshisha LGA, where he now coordinates at the liaison level for the Governor’s Point Men.

His dedication and visible results also drew the support of major stakeholders across Konshisha and Vandeikya LGAs. They overwhelmingly endorsed him to contest for the Jechira Federal Constituency Seat. He emerged as the APC Flag Bearer and won the position.

*A Man of the People*

Dr. Livinus Adzer Tsar enjoys massive grassroots support among youths, elders, and community members alike. He is widely loved and respected for his humility, accessibility, and genuine commitment to development.

*Recent Gesture*: In a show of compassion, he made massive cash and material donations toward the rebuilding of Saint Winifred Secondary School, Ihugh, after it was devastated by fire-supporting both reconstruction, infrastructure and the welfare of the affected students.

Dr. Livinus Adzer Tsar represents a new breed of leaders: self-made, community-focused, and driven by results. From the private sector to public service and humanitarian work, his journey continues to inspire many across Benue State and beyond.

A true son of the soil.
A bridge between generations.
A leader with the people at heart.

Terhemba Ulam. Public Relations, Corporate and communication expert, writes from Abuja

Politics › Inside Npa's ₦256bn Spending Plan: Dredging, Consultancy Costs Raise Fresh Accou by VeronExtra(op): 2:11pm On Jun 23
Fresh questions are being raised over the spending priorities of the Nigerian Ports Authority (NPA) following the emergence of a document circulating in the public domain that calls for closer scrutiny of several budgetary allocations under the agency’s management.

The document, obtained by SecretReporters, makes a series of allegations concerning the administration of the NPA under its Managing Director, Dr. Abubakar Dantsoho, and urges anti-corruption agencies as well as the National Assembly to examine a number of high-value expenditure items contained in the Authority’s budget. An analysis of the document highlights concerns over hundreds of billions of naira earmarked for dredging operations, environmental sanitation, consultancy services, vessel waste management, hotel accommodation, conferences and media-related activities. The allegations raise questions about whether the scale of the proposed expenditures reflects value for money and whether sufficient public documentation exists to justify the allocations.

Among the figures cited are proposed allocations of more than ₦115 billion for the Lagos Channel dredging project, over ₦119 billion for Bonny Channel dredging, and more than ₦22 billion for vessel waste reception and management. The document also questions consultancy fees running into hundreds of millions of naira for projects relating to access roads, leased land administration and information technology upgrades. Budget and maritime sector experts note that agencies such as the NPA routinely oversee capital-intensive projects requiring significant funding. Dredging, channel maintenance and navigational safety operations often involve specialized equipment, technical expertise and international contractors, making them among the most expensive components of maritime infrastructure management. However, transparency advocates argue that the magnitude of the expenditures warrants an equally high level of public disclosure.

According to governance experts, Nigerians have a right to know the procurement methods adopted, the identities of contractors engaged, project milestones achieved, independent valuation reports obtained and the measurable economic benefits expected from each expenditure. They contend that proactive disclosure of such information would not only strengthen public confidence but also reduce speculation surrounding the management of public funds.

The Nigerian Ports Authority has, however, firmly rejected allegations of wrongdoing linked to its budgetary and procurement activities. In an official statement issued in May 2025, the Authority described allegations of corruption surrounding its operations as false, misleading and lacking credibility.

The NPA maintained that its budgets and expenditures are subject to multiple layers of oversight, including reviews by the Federal Ministry of Marine and Blue Economy, the Budget Office of the Federation and the National Assembly. The Authority further stated that its procurement processes, including dredging contracts and marine equipment acquisitions, comply with the provisions of the Public Procurement Act and are designed to enhance navigational safety, improve port efficiency and support national economic growth. Despite the agency’s rebuttal, governance analysts believe the controversy reflects a broader challenge confronting public institutions across Nigeria — the need for greater transparency in the management of public resources.

They argue that the routine publication of procurement records, contract awards, project performance reports, payment schedules, completion certificates and independent audit findings would help address public concerns before they evolve into larger controversies. Whether the allegations ultimately withstand scrutiny or not, the debate has once again drawn attention to the critical importance of transparency, accountability and timely disclosure in the administration of public funds.

As calls for greater openness intensify, attention is likely to remain focused on how public institutions justify major expenditures and demonstrate value for money to Nigerian taxpayers.

https://newsextra.com.ng/inside-npas-%e2%82%a6256bn-spending-plan-dredging-consultancy-costs-raise-fresh-accountability-concerns/

Politics › Lagos Seals I-fitness Gym Over Illegal Sewage Discharge In Lekki by VeronExtra(op): 12:52pm On Jun 23
The Lagos State Wastewater Management Office (LSWMO) has sealed I-Fitness Gym, located at Jakande Roundabout, Lekki Peninsula, Eti-Osa, for allegedly discharging untreated sewage into public drains, an act the state government described as a serious environmental and public health violation.


The enforcement action was carried out on Tuesday, June 23, 2026, following the discovery that the fitness centre was channeling raw sewage through pipes into public drainage systems, thereby constituting a public nuisance, polluting the environment, and posing significant health risks to residents.


The development was disclosed by the Lagos State Commissioner for the Environment and Water Resources, Barrister Tokunbo Wahab, in a post on his official social media page.
According to the commissioner, the state government remains committed to enforcing environmental laws and ensuring compliance with proper wastewater management practices across Lagos.


He reiterated that individuals, corporate organisations, and business premises must strictly adhere to approved wastewater disposal regulations, warning that anyone found violating environmental laws would face appropriate sanctions, including possible prosecution, in line with the state's enabling laws.


The Lagos State Government also urged residents and business owners to embrace responsible environmental practices to safeguard public health and maintain a clean and sustainable environment.

https://newsextra.com.ng/lagos-seals-i-fitness-gym-over-illegal-sewage-discharge-in-lekki/

Business › Storm Over Sterling As Experts Query Share Reconstruction, Warn Of Potential Sha by VeronExtra(op): 1:44pm On Jun 18
Stakeholders in the nation’s capital market have queried the Sterling Financial Holdings Company Plc’s share reconstruction exercise, which is on a 10 for 1 basis as they fear values may be eroded in this process, if not well managed.
Share reconstruction, sometimes referred to as share consolidation, does not alter the total value of an investor’s holdings immediately after implementation.

On his part, the founder of Okwudili Ijezie & Co. (Chartered Accountants), Chief Blakey Okwudili Ijezie said, the reconstruction raises concerns about long-term shareholder value..

“Any day I hear a company is reconstructing shares, I become cautious. The share price may initially rise after reconstruction, but it will eventually return to where performance justifies it, ” he pointed out.

Ijezie argued that, reducing the number of shares does not automatically create value for investors. “If the financial performance does not improve significantly, the market will eventually adjust the price accordingly, ” he stressed.



He added that, investors with large holdings would see their share counts reduced substantially while relying on market performance to preserve value.



Similarly, pioneer Registrar of the Institute of Capital Market Registrars (ICMR), Dr. David Walker Ogogo said, boards typically evaluate numerous strategic considerations before approving such major corporate actions.



‘For any board to come up with such a decision, they must have looked at the pros and cons thoroughly, ‘ he noted. He suggested the reconstruction may be tied to broader strategic objectives that are not yet fully disclosed to shareholders. To him, “it may not look attractive from the outside, but the board may be considering factors that investors are not privy to.”




While Ogogo acknowledged that the move may not immediately align with shareholder interests, he added that, “It is definitely against the immediate interests of shareholders because shareholders naturally want returns as quickly as possible.”



However, he cautioned investors against panic selling, emphasizing that experienced boards generally act with long-term institutional objectives in mind.



Another expert, Dr. Ebo Ayodeji also observed that previous reconstruction exercises have often been followed by short-term price declines In most cases, there is usually a pullback after reconstruction, he said.



He explained that, reducing shares outstanding may improve per-share metrics and help stabilize volatility over time. To him, ‘ehat eventually drives the stock higher is not the reconstruction itself but strong financial performance and improved dividends. ‘



Recall that, this move, approved by shareholders at the firn’s 3rd Annual General Meeting(AGM) held on June 9, 2026, will see Sterling reduce its issued shares from 68.5 billion units to 6.85 billion units through a share reconstruction exercise, subject to regulatory approvals and confirmation by the Federal High Court.



Experts believe the reconstruction represents one of the most significant capital structure adjustments by a Nigerian banking group in recent years.



The development comes at such a time when Sterling is simultaneously seeking approval to raise up to $400 million through various debt and equity instruments, prompting questions about the timing and broader implications of the exercise.



Leveraging on precedence, market history suggests that post-reconstruction share prices often struggle to sustain the higher valuation levels.



Analysts say the success of such exercises depends largely on earnings growth, dividend capacity, and investor confidence rather than the reconstruction itself.

https://newsextra.com.ng/storm-over-sterling-as-experts-query-share-reconstruction-warn-of-potential-shareholder-value-erosion/

Politics › Governor Dauda Lawal Reshuffles Cabinet, Harps On Strengthening Governance Effi by VeronExtra(op): 12:41pm On Jun 15
His Excellency, Dr. Dauda Lawal, Executive Governor of Zamfara State, has approved a minor cabinet reshuffle involving three Honourable Commissioners as part of ongoing efforts to strengthen governance and enhance service delivery across the State.

Announcing the development, the Secretary to the Zamfara State Government, Malam Abubakar Mohammad Nakwada, stated that the redeployment is aimed at strategically repositioning key Ministries for greater efficiency and effective implementation of the Administration’s Rescue Agenda.

The affected Commissioners are:

I. Hon. Abdulrahaman Tumbido, redeployed from the Ministry of Commerce and Industry to the Ministry of Environment and Natural Resources;
II. Hon. Kasimu Yahya Kaura, redeployed from the Ministry of Environment and Natural Resources to the Ministry of Youth and Sports Development; and
III. Hon. Tasiu Musa Shinkafi, redeployed from the Ministry of Youth and Sports Development to the Ministry of Commerce and Industry.

The redeployment takes immediate effect.

Governor Lawal has directed the affected Commissioners to ensure a smooth transition and complete all necessary handing-over processes within one week.

The Governor further charged them to bring renewed vigour, dedication, and innovation to their new assignments, while remaining focused on delivering tangible benefits to the people of Zamfara State in line with the objectives of the Rescue Agenda.

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