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Gunmen
Headlines

Gunmen Kidnap Students in Ondo, Demand N15 Million Ransom

by Nelson Ugwuagbo February 11, 2025
written by Nelson Ugwuagbo

The Ondo State Police Command has confirmed the abduction of three students from the Federal College of Agriculture, Akure, while working at a farm near Akure Airport.

The incident occurred at a farm settlement in Oke Oge, Oba-Ile, in Akure North Local Government Area on Saturday evening. The victims, who were undergoing Industrial Training (IT) at the farm, were reportedly kidnapped while returning home.

Ondo State Police Public Relations Officer, Funmilayo Odunlami, said anti-kidnapping operatives have been deployed to the area to track down the abductors.

The Commander of the Amotekun Corps in the state, Adetunji Adeleye, also confirmed the incident, stating that his personnel, in collaboration with other security agencies, were combing the area in search of the victims.

Meanwhile, a family source revealed that the kidnappers have contacted the victims’ families, demanding a ₦15 million ransom.

February 11, 2025 0 comments
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NUC
Headlines

NUC Raise Private University Licensing Fee To ₦30m

by Nelson Ugwuagbo February 11, 2025
written by Nelson Ugwuagbo

The National Universities Commission (NUC) has raised the application fee for establishing private universities in Nigeria by over 400%.

In a statement on Monday, NUC Executive Secretary Abdullahi Ribadu said the fee hike aims to improve coordination and ensure that newly established private universities are equipped to meet 21st-century challenges.

Under the new structure, the cost of purchasing an application form for a private university license has increased from ₦1 million to ₦5 million. Additionally, the processing fee has been raised from ₦5 million to ₦25 million.

The Commission stated that applicants who had purchased the application form at the previous rate of ₦1 million but had yet to pay the processing fee would be required to pay the revised ₦25 million fee within 30 working days or risk forfeiting their applications.

Furthermore, the NUC announced the suspension of inactive applications, including those for private open universities that have made no progress or submissions for over two years.

A one-year moratorium, effective February 10, 2025, has been imposed on:

  • Inactive applications for new private universities to allow for a comprehensive review of their viability.
  • Applications at Step 1 of the 14-step process, where only a letter of intent has been submitted.
  • Acceptance of fresh applications for private universities, including private open universities.

However, the Commission clarified that it would continue processing active pending applications and make recommendations to the Federal Executive Council for approval.

Since 1999, the Federal Government has approved the establishment of 149 private universities based on the NUC’s recommendations.

February 11, 2025 0 comments
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Keystone Bank
Headlines

Federal Government Takes Over N6 Billion Keystone Bank Shares by Court Order

by Nelson Ugwuagbo February 11, 2025
written by Nelson Ugwuagbo

The Lagos State Special Offences Court in Ikeja on Tuesday ordered the forfeiture of 6.3 billion units of ordinary shares in Keystone Bank Limited, valued at N1 each, to the Nigerian government under President Bola Ahmed Tinubu.

The ruling followed a guilty plea by Sigma Golf Nigeria Limited, represented by its Chairman, Umaru Hamidu Modibbo, over the fraudulent conversion of N20 billion belonging to the Asset Management Corporation of Nigeria (AMCON).

Sigma Golf Nigeria Limited was arraigned alongside former AMCON Managing Director Ahmed Kuru, who pleaded not guilty to the charges. The company had entered a plea bargain agreement with the Economic and Financial Crimes Commission (EFCC).

The EFCC filed a six-count amended charge, alleging that AMCON funds were diverted through Heritage Bank to facilitate Sigma Golf Nigeria Limited’s acquisition of Keystone Bank. The anti-graft agency also accused Kuru and Ifie Sekibo, the former Managing Director of the now-defunct Heritage Bank—who remains at large—of dishonestly converting N20 billion of AMCON’s funds through Heritage Bank for Sigma Golf Nigeria Limited.

February 11, 2025 0 comments
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Headlines

BREAKING: Tinubu orders ministers to render account

by Folarin Kehinde February 11, 2025
written by Folarin Kehinde

President Bola Tinubu has ordered all ministers in his administration to give account of their stewardship to Nigerians with immediate effect.

Minister of Information and National Orientation, Mohammed Idris, announced the presidential order at a news conference in Abuja on Tuesday.

The minister said the briefing by the ministers is to enable Nigerians to know what the government has done and to ask questions.

Details later…

February 11, 2025 0 comments
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Tinubu
Headlines

JUST IN: Tinubu Needed to Borrow, Buy New Presidential Jet Worth N150 billion – Presidency

by Folarin Kehinde February 11, 2025
written by Folarin Kehinde

The Presidency has justified President Bola Tinubu’s decision to purchase a new presidential jet, worth around N150 billion, despite public outcry and widespread poverty.

Aside from the purchase of a new presidential jet, the government have been criticised for continuing in the habit of borrowing despite improved income.

According to Daniel Bwala, the President’s Special Adviser on Policy Communication, the new jet is necessary for the president’s global travels.

The government had last year unveiled a new Airbus A330 purchased for the President. The new jet, it was revealed, replaced the 19-year-old Boeing B737-700(BBJ) bought during the administration of former President Olusegun Obasanjo.

Asked for the justification of the purchase in Arise Television’s The Morning Show program on Tuesday, Bwala explained that the previous jet had frequent problems.

He said, “As for the purchase of the presidential jet, it’s justifiable because for the president to travel around the world, he would need a better jet.

“I understand that when Buhari was in power, occasionally his jet had problems that needed to be fixed.

“And with respect to appointment, you appoint to meet a purpose, if there is a need to appoint people you will appoint, where the trouble will come is when you appoint people and they are not effective.”

The presidential spokesman also addressed concerns about the administration’s borrowing policy. Bwala stated that borrowing is justified when funds are used for infrastructural development. He noted that Nigeria’s limited resources require borrowing to meet the government’s mandate.

His words, “When I made the decision to support the president, I decided to pay attention to his policies and doing research. In doing so I decided to look at where there failure, I tried to know why.

“For example, there was a time we had food inflation and I tried to look at what actually is the cause of the food inflation and I realized there was natural disaster in Borno, Yobe, and Adamawa, while we have insecurity in the Northwest.

“The research is to find reason for whatever is the policy and where there is a misinterpretation of the policy, we will come out and give our perspective. Government is a work in progress, there is nothing magical about what I said before and what I’m saying now .

“As opposition, I opposed the government and now I speak for the government.

“The government borrows and there is a justification for borrowing. Before now, I never cared about whatever is the justification but now I realize that for the government to be able to carryout it’s mandate for the people with limited resources, it needs to borrow.

“I will give you an example, there is a research by economics that only infrastructure alone, Nigeria needs to spend between 30 to 100 billion dollars annually in other to meet up with the deficit. Or in proper perspective, over a period of 30 years, Nigeria must spend between two to three trillion dollars.

“The budget of Nigeria is less than 35 trillion dollars, so definitely you see the need to borrow, when you borrow what do you do with it is what matters. The government borrow for infrastructure and intervention in the areas where it affects Nigerian people, so there is a justification for borrowing.”

February 11, 2025 0 comments
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Headlines

JUST IN: Nigeria Makes List of world’s Most Corrupt Country in 2024, Gets New Ranking

by Folarin Kehinde February 11, 2025
written by Folarin Kehinde

Nigeria has been ranked among the most corrupt countries in the world for 2024, according to a new report by Transparency International.

The latest Corruption Perceptions Index places Nigeria in the 36th position, alongside Uganda, Mexico, Madagascar, Iraq, and Cameroon, with a total score of 26 points.

This marks a slight improvement for Nigeria, as the country gained one point compared to its 2023 ranking.

The 2024 index, released on Tuesday, evaluates 180 countries based on public sector corruption and scores them on a scale of 0, meaning highly corrupt, to 100, meaning very clean. Denmark was ranked as the least corrupt country with 90 points, followed by Finland with 88 points and Singapore with 84 points. No African country made it to the top 10 least corrupt nations, as the list was dominated by European countries.

Cape Verde emerged as the least corrupt country in Africa, ranking 35th globally with 62 points. Meanwhile, South Sudan, Somalia, and Venezuela were ranked as the most corrupt countries in the world.

Speaking on the findings, Francois Valeria, Chair of Transparency International, stated that corruption remains a serious issue worldwide but noted that some countries have made progress. She emphasized that the 2024 Corruption Perceptions Index shows that corruption is a dangerous problem in every part of the world, but change for the better is happening in many countries.

Valeria, said, “The 2024 Corruption Perceptions Index (CPI) shows that corruption is a dangerous problem in every part of the world, but change for the better is happening in many countries.

“Research also reveals that corruption is a major threat to climate action. It hinders progress in reducing emissions and adapting to the unavoidable effects of global heating.

“The CPI ranks 180 countries and territories worldwide by their perceived levels of public sector corruption. The results are given on a scale of 0 (highly corrupt) to 100 (very clean).”

Since assuming office, President Bola Tinubu has spoken about his commitment to fighting corruption. However, his approach differs from that of the previous administration of Muhammadu Buhari which rode to power on the promise of ending the deep-rooted corruption in the country. While past governments attempted direct crackdowns, Tinubu argues that corruption cannot be completely eradicated but should be minimized as much as possible.

“Corruption in all ramifications is bad. There is need to pay enough attention to the causes. Why are the people corrupt? The lack of social amenities, the lack of need in some areas lack of funding for children’s education.

“There are so many anti-corruption mechanisms to checkmate corrupt activities and to help people not to be corrupt,” he said in an interaction with the press late last year.

His government has introduced various policies aimed at closing loopholes that enable corruption, one of which is the removal of fuel subsidy payments.

February 11, 2025 0 comments
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Headlines

Pressure mounts on President Tinubu to retain Mele Kyari as NNPC boss

by Folarin Kehinde February 11, 2025
written by Folarin Kehinde

President Bola Tinubu is reportedly under pressure to retain Mele Kyari aa the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC.

The president is said to be facing mounting pressure from civil society groups and stakeholders to retain Kyari, with some saying any change in the leadership of the NNPC could harm Nigeria’s oil sector.

At a press conference held at the Abuja Press Centre on Monday, February 10, Comrade Friday Maduka, Chairman of the Forum of Civil Society Organizations of Nigeria, warned against any attempt to remove Kyari.

His words: “Mele Kyari’s leadership at NNPC has been a beacon of hope and transformation in the oil sector.

“His vision, expertise, and dedication have yielded unprecedented results, including the renewed functioning of refineries, stabilization of oil prices, and a greater focus on sustainable economic integration and development.”

He reiterated that under Kyari’s leadership, the NNPC had experienced major reforms, including the company’s transition into a limited liability corporation, which significantly improved transparency and accountability.

Maduka expressed his concern over what he described as efforts driven by jealousy and envy, aimed at destabilizing the current leadership.

“In light of these achievements, it is puzzling that certain factors, driven by envy and jealousy, are seeking to undermine Mele Kyari’s leadership and the progress that has been made at NNPC.

“These underhand moves, campaigns, and shibboleths are not only a threat to the stability of the oil sector but also to the overall economic development of Nigeria,” Maduka stated.

Maduka emphasized the importance of allowing Kyari to complete his tenure, which began in 2023 and is scheduled to end in 2026 according to the extant laws governing the NNPC.

He argued that Kyari’s tenure is vital for the continued success of the corporation and the broader Nigerian economy.

“We strongly believe that he should be allowed to consummate his outstanding work, thereby enabling the NNPC to attain its full potential and reach unprecedented heights,” he added.

Maduka also referenced the legal framework that supports Kyari’s extended tenure, particularly the provisions of the Petroleum Industry Act (PIA), which allows for a tenure extension beyond 2026.

He urged all Nigerians and civil society organizations to support Kyari in ensuring the sector continues to thrive.

“It is expected that it should terminate in 2027 in compliance with Section 59 (2) of the Petroleum Industry Act 2021 which states that ‘The Composition of the Board of the NNPC Limited shall be determined in accordance with the Companies and Allied Matters Act and its Articles of Association’,” Maduka explained.

He also lauded Kyari’s efforts in reducing fuel prices and promoting alternative energy solutions, particularly gas, as part of Nigeria’s broader energy strategy.

He further called for greater unity and collaboration across all sectors to maintain the momentum of progress at NNPC.

“Mele Kyari’s tenure has adroitly modulated the transition from the hitherto unbearable PMS Price regime to the incremental progressive lowering of the Petrol pump price by importuning all stakeholders to the imperative for lower pump fuel prices for all Nigerians,” he concluded.

February 11, 2025 0 comments
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Headlines

JUST IN: IGP Egbetokun bans policemen from wearing mufti while carrying rifles

by Folarin Kehinde February 10, 2025
written by Folarin Kehinde

Inspector-General of Police (IGP) Kayode Adeolu Egbetokun, has banned police officers from carrying assault rifles while dressed in civilian attire (mufti).

During a virtual meeting with strategic police managers today, February 10, 2025, the IGP warned tactical squads against misuse of power and improper dressing.

He reiterated that all operatives must wear their approved uniforms while on duty.

He also issued a stern warning against human rights violations, stating that any officer found guilty will face severe consequences.

Additionally, he prohibited the indiscriminate transfer of cases without his written approval, citing concerns over delayed justice and undue burdens on affected parties.

The IGP urged all officers to uphold professionalism and ensure that their actions do not tarnish the reputation of the Nigeria Police Force.

February 10, 2025 0 comments
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Ishaq Oleyede
Headlines

JAMB Registrar Advocates Sharia Law for Southwest Muslims

by Nelson Ugwuagbo February 10, 2025
written by Nelson Ugwuagbo

The Registrar of the Joint Admissions and Matriculation Board (JAMB), Prof. Is-haq Oloyede, has called for the establishment of Sharia panels in the Southwest to serve the interests of Muslims in the region.

Oloyede, who also serves as the Secretary-General of the Nigerian Supreme Council for Islamic Affairs (NSCIA), urged leaders in the six states of the geopolitical zone to support the initiative, emphasizing that it would help foster sustainable peace.

Speaking on the Sunday edition of Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television, Oloyede said there was nothing wrong with Muslims having Sharia courts in the Southwest.

“Recently, people are talking about Sharia Panels in the Southwest, and I was just smiling. I had never seen such a level of ignorance being displayed,” he said.

He noted that Sharia panels, which primarily handle marriage and inheritance disputes, have existed in the region for years. Citing Oyo State as an example, he referenced a PhD thesis on the subject written in 2007 by Prof. Makinde, now a professor at the University of Ibadan.

Oloyede dismissed concerns that the proposal could cause religious tension, stressing that Muslims, Christians, and traditional institutions in the Southwest have co-existed peacefully for generations.

“The matter is trivial, and unnecessary tension should not be built around it. However, Southwest Muslims bear a psychological burden for the peace and harmony in the region,” he added.

The former Vice Chancellor of the University of Ilorin emphasized the need for continuous monitoring of religious coexistence to sustain peace, warning that failing to do so would mean living in the past.

February 10, 2025 0 comments
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Headlines

2027: Atiku visits Obasanjo as politicians begin early preparations

by Folarin Kehinde February 10, 2025
written by Folarin Kehinde

Former Vice President, Atiku Abubakar is currently meeting with ex-President Olusegun Obasanjo in Abeokuta, Ogun State.

Atiku’s convoy arrived at the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta, at exactly 12:36pm.

The former presidential candidate of the People’s Democratic Party was received by Obasanjo’s ally, Otunba Oyewole Fasawe.

In Atiku’s entourage were, former Governors of Cross River and Sokoto States, Liyel Imoke, Senator Aminu Tambuwal and Senator representing Bauchi Central, Abdul Ningi.

Daily Trust reports that Atiku went in straight into a closed door meeting with his former boss.

Details later…

February 10, 2025 0 comments
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