Nelson Ugwuagbo



Mr Oseagah Solomon

Bola Ahmed Tinubu has approved a $75 million government investment in Flutterwave, in a move seen as a major boost ahead of the firm’s planned $250 million initial public offering (IPO).
The investment will be executed through the Ministry of Finance Incorporated (MoFI), with sources indicating that the deal is nearing completion following months of negotiations between the fintech company and federal authorities.
Officials reportedly conducted extensive due diligence before granting approval, engaging global auditing firms to review Flutterwave’s financial records and operations to ensure transparency and strengthen investor confidence.
Analysts say the development signals strong government backing for Nigeria’s expanding technology sector and could encourage greater participation from both local and international investors in high-growth ventures.
Boko Haram has issued a 72-hour ultimatum to the Nigerian government, demanding action over 416 captives reportedly in its custody.
The group said the victims were abducted in Borno State and reiterated its demand for ransom in exchange for their release.
In a video circulating on social media, a masked spokesperson speaking in Hausa warned that failure to comply within the deadline would result in the killing of many of the captives, including women and children.
The insurgent group claimed it is holding 416 individuals and stressed that urgent steps must be taken before the ultimatum expires.
Addressing both the government and the Borno South Youth Alliance (BOSYA), the spokesman said the message, dated April 19, 2026, was their “first and last warning.”
“We are Jama’atu Ahlis-Sunna Lidda’Awati Wal-Jihad under Imam Abu,” the spokesman said. “We give you 72 hours. If you do not meet our demands, we will distribute the women and children to different locations. You have made your decision, and we have made ours. Do not exceed the given time.”
A South African court on Thursday sentenced Julius Malema, leader of the left-wing opposition Economic Freedom Fighters (EFF), to five years in prison for discharging an assault rifle at a political rally eight years ago.
Hundreds of EFF supporters, many dressed in the party’s signature red attire, gathered outside the court during the sentencing in what has been a highly charged political case.
Magistrate Twanet Olivier said Malema had knowingly violated firearm laws when he fired the weapon into the air at a 2018 rally.
“It wasn’t an impulsive act,” Olivier said. “It was the event of the evening.”
Malema’s legal team argued that the gunfire was intended as a celebratory gesture. Prosecutors, however, had pushed for the maximum sentence of 15 years after he was found guilty in October.
The defence has indicated it will appeal the ruling.
The case was brought by AfriForum, a small conservative advocacy group that has frequently clashed with Malema, including over his use of the anti-apartheid chant “Kill the Boer,” which refers to South Africa’s white Afrikaner community.
A Federal High Court of Nigeria has granted bail to Nasir El-Rufai, the former governor of Kaduna State, following his detention by the Independent Corrupt Practices and Related Offences Commission (ICPC).
El-Rufai, who also previously served as Minister of the Federal Capital Territory, is currently standing trial over allegations of corrupt practices during his tenure as Kaduna State governor.
Further details regarding the bail conditions and the ongoing legal proceedings have yet to be disclosed.
The Federal High Court in Abuja has postponed judgment in a suit seeking to restrain David Mark and Rauf Aregbesola from parading themselves as Chairman and Secretary of the African Democratic Congress (ADC).
The case was instituted by Leke Abejide, a member of the House of Representatives representing Kogi State.
Although judgment had initially been scheduled for Monday, Justice Musa Suleiman Liman adjourned the matter to April 14, citing other pressing official engagements.
The adjournment was communicated to journalists and political stakeholders by a court registrar, as attendees had gathered at the court premises as early as 8 a.m. in anticipation of the ruling.
The United States Embassy in Abuja has suspended all visa appointments, instructing applicants to check their email for information on rescheduled dates.
The announcement was made on Thursday via the official X (formerly Twitter) account of the U.S. Mission in Nigeria.
In the notice, the embassy stated: “U.S. Embassy Abuja is closed for visa appointments. Applicants should check their email for details on rescheduled appointments. Visa operations at U.S. Consulate General Lagos continue. American citizen services are available in emergencies and by appointment.”
The development follows a decision by the U.S. Department of State to authorize the departure of non-emergency government personnel and their families from the Abuja embassy, citing worsening security conditions in Nigeria.
In an updated travel advisory, the Department urged American citizens to reconsider travel to Nigeria due to concerns over crime, terrorism, kidnapping, and civil unrest.
Nigeria is currently designated under a “Level 3: Reconsider Travel” advisory, while some regions have been classified as “Level 4: Do Not Travel.”