Author: Friday Omosola

The Federal High Court in Abuja has refused the bail applications of three promoters of Crypto Bridge Exchange (CBEX) over their alleged involvement in a $1 billion fraud. Presiding judge, Justice Emeka Nwite, delivered the ruling, stating that the evidence against the defendants was substantial. The defendants, identified as Adefowora Abiodun Olanipekun, Avwerosuo Otorudo, and Chukwuemeka Ehirim, are accused of obtaining over $1 billion fraudulently, an amount said to exceed the combined budgets of several Nigerian states. READ ALSO: CBEX fraud case: Court to rule on bail of detained Crypto operators June 30 Justice Nwite emphasised that the formal charge against…

The Federal Government (FG) has unveiled plans to roll out five million liquefied petroleum gas (LPG) cylinders to homes across Nigeria by the year 2030. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this known during the launch of the North West phase of the grassroots LPG Penetration Scheme in Sokoto. According to the Minister, the initiative is a significant move towards expanding clean energy access nationwide, aligning with the government’s broader energy transition goals. READ ALSO: FG moves to professionalise youth work practice The LPG rollout had already commenced in other regions, including the South West, South South,…

Governor Biodun Oyebanji of Ekiti State has reassured investors and business operators of his administration’s unwavering commitment to cultivating a more attractive business climate within the state. This assurance was given during a Technical Session and a statewide town hall meeting organised by the Presidential Enabling Business Environment Council (PEBEC) in collaboration with the Ekiti State Development and Promotion Agency (EKDIPA) yesterday. Mr Oyebanji, speaking through the Commissioner of Finance, Akin Oyebode, affirmed that his government is actively promoting economic growth through strategic reforms and robust private sector partnerships. READ ALSO: Oyebanji reaffirms commitment to making Ekiti Nigeria’s op business-friendly state…

Otega Ogra, Senior Special Assistant to President Bola Tinubu on digital engagement, strategy, and new media, has challenged Peter Obi, the Labour Party’s 2023 presidential candidate, regarding his recent comments on the President’s visit to Saint Lucia. Mr Obi condemned Mr Tinubu for undertaking the trip amidst ongoing security challenges in Nigeria, labelling it as an ‘ill-timed and insensitive leisure’ journey. The former Anambra State governor notably questioned the President’s decision to travel for leisure when he had not visited disaster zones, specifically mentioning Minna, Niger State, where over 200 lives were lost and more than 700 individuals remain missing…

Governor AbdulRahman AbdulRazaq of Kwara State has hosted the victorious Kwara United Football Club, following their historic triumph in the 2025 President’s Federation Cup. The governor also received the club’s U-19 team, which recently emerged as champions of the inaugural National Youth League. READ ALSO: AbdulRazaq flags off Kwara Agro Input Fair, reaffirms commitment to food security As part of his appreciation for their achievements, Mr AbdulRazaq gifted each player of the Kwara United senior team ₦5 million and a plot of land at the exclusive Kwara Smart City, praising them for bringing pride to the state. Kwara United clinched the…

President Bola Tinubu has announced that a new scholarship program, enabling students from the Organisation of Eastern Caribbean States (OECS) to pursue studies in Nigerian universities, will be launched in the upcoming academic year. Mr Tinubu confirmed this initiative during a joint press conference with Saint Lucia’s Prime Minister Philip J. Pierre, following a high-level working luncheon with OECS leaders on Monday. He explained that this educational initiative forms part of a broader cooperation framework. The objective is to strengthen person-to-person connections and broaden opportunities in fields such as education, trade, and development. Mr Tinubu further disclosed that a proposal…

The President of Saint Lucia’s Senate, Alvina Reynolds, on Monday underscored the profound ancestral connections between Nigeria and Saint Lucia, referencing a 1815 British census that indicated a majority of the island’s enslaved population originated from Nigeria. Addressing a joint session of the Lucian bicameral parliament, where she welcomed Nigerian President Bola Tinubu, Reynolds revealed that out of 16,282 enslaved people in Saint Lucia that year, 3,488 were African-born, with 34% from Nigeria, 11% from Nigeria-Cameroon, and 22% from the Congo. She further noted that most of the 12,794 individuals born in Saint Lucia had forebears from Senegambia and Nigeria.…

Nigeria’s total public debt surged to N149.39 trillion by the end of March 2025, according to the latest figures released by the Debt Management Office (DMO). This represents a substantial increase of N27.72 trillion, or 22.8%, compared to the N121.67 trillion recorded in the first quarter of 2024. Quarter-on-quarter, the nation’s debt grew by N4.72 trillion, or 3.3%, from N144.67 trillion at the close of December 2024. READ ALSO: Obi: I’ll govern for just one term if Nigerians elect me in 2027 This sustained upward trend in Nigeria’s debt portfolio is attributed to a combination of new borrowing activities and the…

The All Progressives Congress (APC), Nigeria’s ruling party, has set July 24, 2025, as the date for its National Executive Council (NEC) meeting, a crucial gathering intended to nominate a new substantive National Chairman. This decision was made public by the National Working Committee (NWC), led by Deputy National Secretary Festus Fuanter, following an emergency session held at the party’s national secretariat on Monday. READ ALSO: Dalori takes over as APC acting chair, pledges transparency Mr Fuanter confirmed that the upcoming NEC meeting will provide the platform for the party to formally select a new leader. He also noted that the…

Peter Obi, who contested the 2023 presidential election under the Labour Party (LP) banner, has indicated his willingness to serve only one term as president if elected in 2027. This declaration comes amidst reports of a potential coalition forming, including Mr Obi, former Vice-President Atiku Abubakar, ex-transportation minister Rotimi Amaechi, and former Kaduna Governor Nasir El-Rufai, aimed at challenging the ruling All Progressives Congress (APC) and President Bola Tinubu for federal power. During a Twitter Space discussion yesterday, Mr Obi articulated that any Southern candidate who assumes the presidency in 2027 must be prepared to vacate office by May 28,…