Edo state gov approves automatic employment for first-class graduates
Edo State Governor, Mr. Monday Okpebholo, has approved a new initiative that guarantees automatic employment for first-class graduates from both Nigerian and foreign universities into the state’s Civil and Public Service. This move is part of efforts to enhance the quality of manpower within the state’s workforce. The announcement was made by the state’s Head of Service, Anthony Okungbowa, who issued a statement on Friday, November 29, detailing the Graduate Development Programme. According to Okungbowa, the programme aims to integrate top-tier graduates into the state’s civil service to drive effective and efficient service delivery. Okungbowa explained that the Governor’s decision to approve the programme is aimed at motivating workers and encouraging them to perform at their best. “The Graduate Development Programme is designed to bring together first-class graduates and those with high-grade degrees to develop and enhance the quality of manpower within the service,” he stated. The Governor’s initiative is not only about recruitment but also focuses on the retention of these highly skilled individuals. “The Governor is committed to bringing first-class graduates into the Edo State Civil and Public Service. He believes this policy will help the state attract top talent. It’s not just about bringing them in; it’s also about retaining them, which is one of the major challenges facing the programme,” Okungbowa added. The programme is open to all first-class graduates from universities, both within Nigeria and abroad. Although it initially targets graduates from 2020 onwards, there is potential for the Governor to extend the initiative in the future. Graduates selected for the programme will undergo rotations across various Ministries, Departments, and Agencies (MDAs) of the state. Additionally, plans are in place to expose them to the private sector, allowing them to gain a broader range of experience. This diverse exposure is intended to help these graduates contribute meaningfully to the state’s development and improve the overall system. Governor Okpebholo’s administration is making significant strides in enhancing the quality of service delivery in Edo State, with a focus on attracting and retaining top talent that will drive sustainable progress for the state.
CBN threatens fines over cash scarcity at ATMs, urges financial sector compliance
The Central Bank of Nigeria (CBN) has issued a stern warning to financial institutions over the ongoing cash scarcity at Automated Teller Machines (ATMs) across the country. CBN Governor, Olayemi Cardoso, announced that penalties would be imposed on erring banks and other financial players during his address at the annual Bankers’ Dinner organised by the Chartered Institute of Bankers of Nigeria on Friday. Recent reports have highlighted a significant shortage of cash, both at ATMs and over-the-counter services, leading to inconvenience for ordinary Nigerians. The CBN has acknowledged the challenges and stated that it is taking measures to address the issue. “We also recognise the ongoing challenges with cash availability at ATMs, which disproportionately affect ordinary Nigerians,” Cardoso remarked, underscoring the importance of resolving the situation promptly. In response, the CBN has launched spot checks across deposit money banks to monitor their performance and ensure adequate cash availability. Cardoso stressed that any institutions found lacking in service delivery would face penalties. “Effective December 1, 2024, customers are encouraged to report any difficulties with withdrawing cash from bank branches or ATMs directly to the CBN through designated phone numbers and email addresses for their respective states,” Cardoso stated. This move aims to ensure that customers have a direct channel to report issues, holding banks accountable for any failure to provide sufficient cash services. In addition to addressing the cash shortages, the CBN has called for greater compliance with regulations governing mobile money operators and POS (Point of Sale) agents. The central bank is encouraging financial institutions to promote digital transaction channels, which can help alleviate some of the pressure on cash-based transactions, especially during high-demand periods such as the festive season and year-end. “The CBN will continue to maintain a robust cash offering to meet the country’s needs,” Cardoso assured, stressing the importance of timely and effective service delivery. The CBN’s announcement highlights its commitment to improving financial service access in Nigeria, while also maintaining stringent oversight of financial institutions to ensure that the public is not underserved during critical periods. The upcoming guidelines and the imposition of penalties will be closely monitored as the central bank steps up efforts to address cash shortages nationwide.
Ex-CEO arraigned for role in $65 million diversion
Gimba Ya’u, the former Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), has been arraigned by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for his alleged involvement in the diversion of $65 million. Ya’u, who is also an in-law to former President Muhammadu Buhari, appeared in court alongside Bola Ogunsola, a former director at FMBN, and Tarry Rufus, the managing director of T-Brend Fortunes Nigeria Limited. The trio faced charges before Justice James Omotosho of the Federal High Court in Abuja on Tuesday, November 26, 2024. The funds in question were earmarked for the construction of 962 housing units at the Goodluck Jonathan Legacy City, located in Kubwa, Abuja. However, reports suggest that the $65 million meant for this project was allegedly misappropriated, leaving the housing initiative incomplete. The ICPC filed a five-count charge against the defendants, marked FHC/ABJ/CR/333/24, accusing them of breaching the provisions of the Public Enterprises Regulatory Commission Act as well as the Money Laundering (Prevention and Prohibition) Act, 2022. Specifically, the allegations centre around Ya’u’s approval of a payment of N3.78 billion to Good Earth Power Nigeria Limited, a contractor which reportedly lacked the capacity to complete the housing project. As a result, the project remains unfinished, leading to significant financial losses for the bank. In addition, the ICPC accused the defendants of mishandling a N14 billion loan that was obtained from Ecobank Nigeria PLC in 2012 to finance the project. It is worth noting that Gimba Ya’u, the central figure in the case, is the son-in-law of former President Muhammadu Buhari, as he married Buhari’s daughter, Fatima, in 2016 in a ceremony held in Daura, the president’s hometown. The Federal High Court in Abuja has set the next hearing for February 6, 2025. This trial marks a significant development in the ongoing efforts to tackle corruption and financial mismanagement in Nigeria’s public sector. The case continues to attract attention due to the high-profile individuals involved and the scale of the alleged financial misconduct.
Global unicorn boom hits Nigeria as local firms join $1 B valuation club
In an exciting development, global markets are witnessing a surge in unicorns—companies valued at $1 billion or more—and Nigeria is no exception. Among the latest to join this prestigious group is Moniepoint, a leading Nigerian fintech, which recently attained unicorn status following a successful $110 million Series C funding round. This brings the total number of unicorns in Africa to eight, with Moniepoint joining the ranks of high-profile tech giants like Interswitch, Opay, Flutterwave, Wave, Andela, Chipper, and MNT-Halan. The rise of these multi-billion-dollar companies is not limited to the fintech sector. The Nigerian Stock Exchange (NGX) is also home to a growing number of companies whose market capitalisation exceeds the $1 billion mark, much to the delight of investors. These companies continue to generate significant profits, benefiting shareholders across the globe. Nigeria’s Stock Market Landscape As of November 2024, the NGX hosts 160 listed companies, but only a select few boast a market valuation of $1 billion or more. The total market capitalisation of the NGX stands at N58.91 trillion ($35.31 billion), with just nine firms responsible for over 70% of this amount. Airtel Africa, Dangote Cement, and BUA Foods top the list, collectively holding nearly 40% of the exchange’s value, amounting to approximately N23.535 trillion ($14.046 billion). Top Nine Companies on the NGX with a $1 Billion Valuation Nigeria’s stock market is witnessing a significant transformation, with an increasing number of companies attaining unicorn status and attracting global investor interest. The emergence of these high-value firms is a clear indication of the country’s growing economic potential, even in the face of challenges such as currency devaluation and macroeconomic instability. With continued growth in both the fintech and traditional sectors, Nigeria remains an attractive destination for investors looking to capitalise on the emerging unicorns of Africa.
Tope Adebayo, wife celebrate 10 years
Tope Adebayo Salami Marks 10 Years of Love with Wife Bouqi Tope Adebayo Salami, Nollywood star, celebrates 10 years of marriage with his wife, Bouqi. Their love story continues to inspire. Tope took to Instagram to share the joyous occasion with fans and well-wishers. The snapshots radiated happiness, showcasing the family’s closeness and unity. His accompanying message was a heartfelt tribute to his wife, expressing profound gratitude for their love and the memories they have created over the years. A romantic milestone celebrated In his heartfelt post, Tope penned a moving anniversary message that captured the essence of their bond. “A Love That Grows Stronger With Time. Happy 10 Years Anniversary to us, my love!” he began, setting the tone for his romantic tribute. The message reflected on the depth of their relationship, emphasizing shared laughter, cherished memories, and adventures that have shaped their lives. He wrote, “Today, we celebrate the special bond we share, the laughter, the adventures, and the memories we’ve created together. Our love has grown stronger with each passing day, and I’m grateful for every moment we’ve spent together.” A love built on growth The actor’s words also highlighted his appreciation for the growth they have experienced together. Marriage, as he described it, is not just about the good times but also about navigating challenges and growing closer through them. His message continued, “Here’s to many more years of love, laughter, and adventure together! I love you more with each passing day.” This declaration resonated with fans and friends, many of whom flocked to the comments section to share congratulatory messages and celebrate the couple’s love. Read Also: Femi Adebayo wins best supporting actor at AMAATG Omori Battles Kidney Failure: The Music icon Vows to Return Stronger in 2025 Reactions The anniversary post quickly garnered attention, with fans and colleagues in the entertainment industry showering the couple with kind words and blessings. Comments poured in, celebrating their enduring love and wishing them many more years of happiness. One fan wrote, “This is so beautiful. Happy anniversary to you both. Your love is inspiring!” Another commented, “Ten years of love and counting! May your bond continue to grow stronger.” Several Nollywood stars also joined in the celebration, commending Tope and Bouqi for their commitment to each other and their family. The outpouring of love from fans and peers alike is a testament to the impact of their love story, both on and off the screen. The Journey of Tope and Bouqi Tope and Bouqi’s journey began over a decade ago, marked by mutual respect, affection, and shared values. Over the years, they have built a life filled with love, laughter, and meaningful experiences. Their relationship serves as a beacon of hope and inspiration for others, demonstrating that true love requires effort, patience, and unwavering commitment. As an accomplished actor and director, Tope Adebayo Salami has successfully balanced his demanding career with his role as a loving husband and father. His anniversary post not only celebrated their marriage but also underscored his gratitude for the support and love he receives from Bouqi, who has been a steadfast partner in all aspects of his life. Looking ahead The couple’s tenth wedding anniversary is not just a celebration of the past decade but also a promise of what lies ahead. Tope’s romantic message expressed hope and excitement for the future, reaffirming his commitment to building more cherished memories with his wife and family. He envisions a future filled with continued love, shared dreams, and countless adventures. As he wrote, “Here’s to many more years,” it was clear that this milestone is just the beginning of another beautiful chapter in their love story. Conclusion Tope Adebayo Salami and his wife Bouqi’s tenth anniversary is a heartwarming reminder of the power of love, resilience, and partnership. Their story resonates with fans, serving as an example of how love can thrive even in the face of life’s challenges. As the couple celebrates this significant milestone, their message to the world is clear love grows stronger when nurtured with care, laughter, and a shared vision for the future. Happy anniversary to Tope and Bouqi a true testament to love that endures the test of time.
Ex-Liberian warlord, Prince Johnson dies, aged 72
Prince Johnson, a former Liberian warlord notorious for his role in the country’s brutal civil wars, passed away at the age of 72. His death, caused by complications from high blood pressure, was confirmed by his family spokesperson, Wilfred Bangura.Johnson gained global infamy for his involvement in the torture and execution of former Liberian President Samuel Doe in 1990, an incident gruesomely captured on video. In the footage, Johnson is seen drinking beer and watching as his men mutilated Doe, slicing off his ear before killing him. The video became one of the most harrowing symbols of the atrocities committed during Liberia’s civil wars. Despite recommendations from Liberia’s Truth and Reconciliation Commission for his prosecution, Johnson never faced trial. Instead, he transitioned into politics, serving as a senator and wielding significant influence as a political kingmaker until his death. Liberia’s civil wars, which raged from 1989 to 2003, left more than 200,000 people dead and displaced over a million. Countless others suffered from mutilation, rape, and other atrocities. Johnson’s death marks the end of a controversial and turbulent chapter in Liberia’s history, one that continues to cast a shadow over the nation’s efforts to achieve justice and reconciliation. The Truth and Reconciliation Commission listed Johnson among eight leaders of warring factions, saying his group had committed massacres, torture and rapes. It also named him first on its list of “most notorious perpetrators.” While Johnson avoided prosecution, he later described regretting Doe’s murder and seeking reconciliation with his family. More recently, Johnson voted in favour of setting up a long-awaited war crimes court earlier this year. Once operational, the court will be backed by international institutions including the United Nations. The aim is to deliver long overdue justice to victims of the civil wars, but critics have said it risks reopening old wounds. Johnson remained in politics after the wars ended and was elected as a senator in his Nimba county stronghold in 2006. He went on to play a role as kingmaker in various presidential elections. He threw his support behind former president Ellen Johnson-Sirleaf in 2011, then endorsed George Weah in the run-off against Sirleaf’s ruling party successor Joseph Boakai in 2017. However, he switched his support to Boakai in the 2023 election in which Boakai defeated Weah in a run-off. Boakai praised Johnson’s contributions to the national discourse. “While we may not have always agreed on the path our nation pursued, we recognize the impact of his work and his dedication to representing the people of Nimba County,” he said in a statement after Johnson’s death.
FG secures €300m development partnership with France
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led the Federal Republic of Nigeria in signing two transformative agreements with the French Government and its development agency, AFD (Agence Française de Développement). These agreements, collectively valued at over €300 million, are set to strengthen key sectors of Nigeria’s economy and drive sustainable development. Strategic Focus Areas The Letter of Intent, co-signed by Mr. Edun and France’s Minister of Economy, Finance, and Industry, Mr. Antoine Armand, underscores a shared commitment to strategic investments in: Speaking at the signing ceremony, HM Edun remarked: “This partnership goes beyond financial support. It is about building robust, sustainable systems that foster development and empower Nigerians. It reflects the confidence of international partners in the progress of Nigeria’s economic reforms.” Reinforcing Development Diplomacy The Declaration of Intent signed with AFD marks a pivotal step in Nigeria’s economic diplomacy. This agreement guarantees AFD’s continued commitment to financing sustainable projects that align with President Tinubu’s Renewed Hope Agenda. It prioritises the following sectors: Additionally, AFD pledged support for Nigeria’s energy transition goals, agro-logistics hubs, and MSME financing, all aimed at fostering job creation and driving growth in high-impact sectors. With these agreements, Nigeria and France reaffirm their commitment to forging strong bilateral ties and investing in a future of shared prosperity.
Troops kill Boko Haram commander Abu Shekau, 4 others in Yobe”
Troops of Sector 2, Operation Hadin Kai, in collaboration with local vigilantes, successfully repelled an attempted attack by Boko Haram terrorists on Sabon Fagi community in Buni Yadi, Gujba Local Government Area of Yobe State. Intelligence sources told Zagazola Makama that the attack, which occurred at approximately 11:00 p.m., resulted in a fierce gun battle that left four insurgents dead, including a notorious Boko Haram commander identified as Abu Shekau. The troops recovered weapons from the insurgents after engaging them with superior firepower, forcing others to flee and securing a decisive victory for the security forces. Abu Shekau, a staunch loyalist and admirer of the late Boko Haram leader Abubakar Shekau, was considered a significant figure within the terror group. Abu Shekau (Father of Shekau) had named his son after Abubakar Shekau as a mark of reverence for the group’s former ruthle
Jerry Eze forgives mom’s attacker
Jerry Eze Recounts Forgiveness Tale, Inspires Many Jerry Eze shares a personal story of forgiving a woman from his past who caused his family pain, sparking discussions on the power of forgiveness. Eze opened his story by describing a harrowing childhood memory. He recalled witnessing this woman violently assault his late mother. “She threw my mum on the floor and hit her so hard,” Eze wrote. He explained how that moment left him scarred for years. As a child, the incident not only caused him emotional distress but also shaped his understanding of justice and pain. Years later, the same woman approached him not as an antagonist, but as a seeker of help and prayer. She had been moved by Eze’s popular prayer platform, the New Season Prophetic Prayers and Declarations (NSPPD). Through this program, she experienced a personal transformation and sought his guidance. Eze admitted that the meeting stirred old emotions. “Anyone who knows me would know how much I adore my mum,” he shared. Confronting the woman who had once caused his family harm could have reignited bitterness. However, Eze chose a different path he forgave her. He detailed the moment of reconciliation. “It’s amazing how I extended help to her, and she broke down in tears,” he wrote. Both of them remembered the painful event, but Eze emphasized that forgiveness had already taken root in his heart. He had made peace with the past, allowing him to assist her sincerely. This act of grace, he explained, was not just about offering aid to someone in need. It was about the liberating power of forgiveness. “Forgiveness is so liberating,” Eze declared. He acknowledged the emotional difficulty of letting go but encouraged his followers to take that step, emphasizing that forgiveness is a divine principle. In his post, Eze urged his audience to reflect on their own lives and relationships. “I know it hurts,” he wrote, “but please forgive!” He expressed hope that the Holy Spirit would empower others to release their pain and forgive, as God has forgiven humanity. The message struck a chord with many. Eze’s story is not just a testament to his faith but also a powerful reminder of the human capacity for compassion. Forgiveness, as he demonstrated, is not about forgetting the wrongs done. It’s about breaking free from the chains of resentment and allowing healing to take place. Forgiveness can often feel impossible, especially when the wounds are deep. Yet, Jerry Eze’s story highlights its transformative potential. By letting go of anger and embracing reconciliation, people can experience profound emotional and spiritual freedom. His example serves as a beacon for those struggling to overcome past grievances. Jerry Eze’s platform, the NSPPD, has been a source of hope and inspiration for millions worldwide. Known for its fervent prayer sessions and impactful testimonies, it has become a hub for those seeking divine intervention in their lives. This story adds another layer to his ministry, showcasing not just his faith but also his humanity. The incident also underscores the complex nature of forgiveness. It is rarely straightforward and often requires immense courage. His ability to confront his trauma and extend grace to someone who wronged him is a testament to his character and spiritual growth. As the story gained traction, many followers took to social media to share their thoughts. Some praised him for his humility and strength, while others reflected on their own struggles with forgiveness. The post became a rallying cry for those seeking emotional release and a deeper connection with their faith. Read Also: Sinach sued over ‘Way Maker’ copyright In a world often marked by division and conflict, stories like Eze’s serve as a reminder of the power of love and reconciliation. His decision to forgive is not just a personal victory but a lesson for all. By choosing forgiveness over resentment, he turned a painful memory into an opportunity for healing and growth. Jerry Eze’s message resonates far beyond his congregation. It’s a call to action for anyone grappling with unresolved pain. Forgiveness is not easy, but as Eze demonstrated, it is worth pursuing. Through his story, he reminds us that healing begins with a choice a choice to let go, to forgive, and to embrace the freedom that follows. Eze’s encounter with the woman from his past is more than a story of reconciliation. It’s a testament to the enduring power of faith, compassion, and the human spirit. His words echo a timeless truth: forgiveness is not just for the forgiven it is a gift we give ourselves.
Police arrest 5 trans-border gunrunners, recovers arms
By Helen Okechukwu The Nigeria Police Force (NPF) has announced the apprehension of five trans-border gunrunners and recovery of arms. The police spokesperson, Olumuyiwa Adejobi, made this known on Friday via his X page, acknowledging the NPF’s unwavering commitment to ensuring a conducive environment for all citizens of Nigeria. Adejobi elaborated that the security team is working tirelessly to prevent and combat all forms of crime and criminality. Announcing the apprehension by the operatives of the FID-IRT, the alleged five suspects include Adamu Noma, Matthew Audu, Andrew Poyi, Aminu Sani, and Aminu Talha, all males. He said, during the search operation, 10 locally fabricated Ak-47 rifles, 5 Isreali Ak-47 rifles, 1 revolver pistol, 1 pump action rifle, 20 rounds of Ak-47 ammunition, and 1 welding machine used for the fabrication of arms were recovered. Adejobi stated that these achievements showcase the result of good leadership skills to decimate and subdue criminal activities and insecurity in general in the country. Kayode Egbetokun, the Inspector-General of Police, IGP, has issued a fresh order to his team, especially the tactical units, to flush out illegal arms and ammunition with the aim to neutralise local manufacturers of arms. Adejobi stated, “The Inspector-General of Police, IGP Kayode Egbetokun, has re-echoed his directive to operatives of the Force, particularly, tactical units, to mop up every illegal arms and ammunition, and see to the total dismantling of local manufacturers of illicit arms and ammunition and dangerous weapons by all means.”
