Author: Friday Omosola

The digital trading platform, CBEX, which has led to many Nigerians losing billions of naira in what is termed the biggest Ponzi Scheme in the country, is not registered by the Securities and Exchange Commission, SEC. The Director General of the Security and Exchange Commission, Dr Emomotimi Agama, made the disclosure on Wednesday night in an interview monitored on Arise Television. He also said that the Commission has not received any complaints from the victims of the CBEX fraudulent activities. He said: “For us at the SEC, our primary responsibility is investor protection, and investor protection stems out of registration…

President Bola Tinubu has inaugurated a high-level presidential committee on the forthcoming National Population and Housing Census. Bayo Onanuga, Tinubu’s Special Adviser on Information & Strategy in a statement on Wednesday said the president set a three-week deadline for the submission of an interim report. Tinubu was represented by his Chief of Staff, Femi Gbajabiamila, at the inauguration ceremony held at the State House in Abuja on Wednesday. He emphasised the importance of the census for national development, policy planning, and efficient resource allocation in key sectors such as healthcare, education, security, and the economy. READ ALSO: FG moves to…

Justice Yetunde Pinheiro of the Lagos State High Court has declared the removal of the reinstated Speaker of the Lagos State House of Assembly, Mudashiru Obasa, illegal and unconstitutional. In a judgment delivered on Wednesday, the court nullified the proceedings and resolutions of the House held on January 13, 2025, during which Obasa was removed from office. Obasa had filed a suit against the House of Assembly and the newly appointed Speaker, Mojisola Meranda, challenging the legality of his removal. The suit, filed on February 12, 2025, by his counsel, Chief Afolabi Fashanu (SAN), argued that his removal by 36…

Former Vice President Atiku Abubakar has lashed out at state governors elected on the platform of the Peoples Democratic Party, PDP, over their stance on forming a coalition to tackle President Bola Tinubu in the 2027 presidential election. Atiku alleged that the PDP governors are acting as spoilers in the move to get Tinubu out of office come 2027. The former VP is leading a coalition of opposition figures against Tinubu, while the PDP governors, at their meeting in Ibadan, Oyo State on Monday, dissociated their party from any coalition of that kind. However, coalition spokesman, Salihu Lukman in the…

By Alade Adisa The Manufacturers’ Association of Nigeria (MAN) in a statement on Tuesday warned that the imposition of tariff hike by the United States on Nigerian products threatens the execution of the country’s 2025 budget; and the achievement of the potential benefits of the African Continental Free Trade Area (AfCFTA) agreement. In the statement by the Director General of MAN, Segun Ajayi-Kadir, the groups said the tariff hike would also hinder the competitiveness of Nigerian products in the US market and could potentially wipe out up to N2 trillion of the country’s agricultural exports. His words: “The imposition of…

Eric Danlami, a survivor of Sunday night’s attack in the Zike hamlet, Kwall District, Irigwe Chiefdom of Bassa Local Government Area, Plateau State, has narrated how his sister was killed. Danlami revealed that the attackers invaded the hamlet at midnight while they were fast asleep. He said the sound of gunfire and the ensuing pandemonium woke them. He further disclosed how his elder brother, along with some of his children, was slaughtered in his apartment. Narrating his experience, Danlami noted, “We had retired to bed in the night without any form of suspicion of any kind of problems. At the…

The Minister of Information and National Orientation, Mohammed Idris, has cautioned that the absence of media and information literacy among public officials leaves them highly susceptible to fake news, misinformation, and disinformation. Speaking at the opening of the second Spokespersons Summit on Tuesday in Abuja, the Minister stressed that the ability to critically assess media content is no longer optional in today’s information-driven society. The summit, organised by the Nigerian Institute of Public Relations (NIPR) in collaboration with the Federal Ministry of Information and National Orientation, brought together public communicators and information managers across government and private sectors. “In a…

Edo State Governor, Monday Okpebholo, has reaffirmed his administration’s commitment to accelerating infrastructural development across the state, following the recent affirmation of his election victory by the tribunal. Speaking at a victory dinner yesterday night at the New Festival Hall, Government House, Benin City, Okpebholo expressed gratitude to party leaders, supporters, and the electorate for their steadfastness during the election and legal battle that followed.  The dinner was organised to celebrate the tribunal’s ruling, which upheld his election as governor in the September 21, 2024 polls. “With this affirmation, Edo people will witness more positive developments,” the governor said.  “My…

Former Vice President Atiku Abubakar has condemned the latest wave of killings in Plateau State. Atiku, in a statement signed by his media aide, Paul Ibe, stated that the security policy and infrastructure under President Bola Tinubu have failed woefully. Atiku’s statement followed the deadly attack on Sunday in the Zike community, Kimakpa area of Kwali district in Bassa Local Government Area of Plateau State, where no fewer than 47 people were killed. The assault came just over a week after a similar massacre in Bokkos LGA, where scores also lost their lives and properties were destroyed. Atiku also pointed…

President Bola Tinubu has condemned the latest outbreak of violence in Plateau State, which has left over 40 people dead, describing the incident as a tragic and unacceptable loss of life. Tinubu in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, expressed his condolences to Governor Caleb Mutfwang, the state government, and the affected communities. He charged the governor with summoning the political will to address the root causes of the prolonged crisis and work towards lasting peace. “The ongoing violence between communities in Plateau State, rooted in misunderstandings between different ethnic and religious groups, must…