Author: Friday Omosola

The Economic and Financial Crimes Commission (EFCC) has issued a public alert on the operations of 58 companies allegedly defrauding Nigerians under the guise of investment opportunities. In a statement released yesterday, EFCC warned that these entities are not registered with the Central Bank of Nigeria (CBN) or the Securities and Exchange Commission (SEC), the two primary regulators of financial and investment activities in the country. Both regulators, in separate correspondences with the EFCC, confirmed that the listed companies have no legal authorization to operate as investment firms. According to the anti-graft agency, several of these firms have been charged…

The House of Representatives has urged the Central Bank of Nigeria (CBN) to suspend its recent policy increasing charges on Automated Teller Machine (ATM) transactions and discontinuing free withdrawals for customers using ATMs of other banks. This resolution followed a motion of urgent public importance sponsored by lawmaker Marcus Onobun, who raised concerns over a CBN directive implementing the changes. Lawmakers expressed fears that the new policy would place additional financial strain on Nigerians and called for its suspension pending consultations with the relevant House committees on banking, finance, and financial institutions. On February 10, 2025, the CBN announced that…

By Friday Omosola and Helen Okechukwu Entrepreneurs operating in Nigeria whose businesses depend on data for sustainability and profitability have raised the alarm over declining productivity caused by the recent hike in data costs, as well as unreliable network service. In January this year, in a statement, the Nigerian Communications Commission’s (NCC) Director of Public Affairs, Reuben Muoka, announced a 50% tariff increase for telecom call and data services. According to NCC, the tariff increase was the first since 2013 and aligned with Section 108 of the Nigerian Communications Act, 2003 (NCA). Since the approval of higher data and airtime…

In a bid to foster unity and strengthen its relationship with members of the National Assembly, the Labour Party has inaugurated a three-member Intervention and Truce Committee. This was disclosed in a statement by the party’s National Publicity Secretary, Obiora Ifoh on Tuesday.  The committee, chaired by Ben Etanabene, with Mathew Nworgu and Chinedu Obika as members was tasked with addressing existing challenges between the party leadership and its lawmakers in both chambers of the National Assembly. Inaugurating the committee at the Labour Party’s National Headquarters in Abuja yesterday, the party’s National Chairman, Julius Abure, emphasised the need for cohesion.…

Lagos State Deputy Governor, Obafemi Hamzat, has called on religious leaders to educate their congregations on the importance of balancing technological advancements with faith in God. Speaking at the 4th Annual Ramadan Lecture/Iftar and Special Prayer held in memory of Late Oba Mufutau Olatunji Hamzat in Mushin, Lagos, Hamzat emphasised the need for responsible use of Artificial Intelligence (AI) in a manner that aligns with religious values. The event was organised by Moses Oluwatoyin Fayinka, a member of the Federal House of Representatives representing Mushin Constituency II. Hamzat highlighted the growing influence of AI on society, urging clerics to teach…

Osun State Governor, Ademola Adeleke, has reaffirmed his commitment to delivering good governance despite attempts by detractors to derail his administration. Speaking at a State Executive Council meeting in Osogbo, Governor Adeleke reflected on recent political challenges in the state, vowing that his administration would remain steadfast in its service to the people. “Last month was a very busy and turbulent one. We were confronted with a misuse of federal power, from security services to judicial interpretation. “A vicious, anti-democratic campaign was launched against our government, and Osun was placed under siege in a manner nobody ever envisaged.” Despite these…

The Economic and Financial Crimes Commission (EFCC) has called on students across Nigeria to raise their voices against internet fraud, emphasizing their crucial role in combating the menace. The EFCC Chairman, Ola Olukoyede, made the appeal during a sensitization and re-engagement visit to Doveland International School, Abuja. The event, held in the school’s assembly hall, aimed to educate students on the dangers of internet fraud and corruption. Speaking on behalf of the Olukoyede, the Head of the EFCC’s Enlightenment and Reorientation Unit, Assistant Commander of the EFCC (ACEII) Aisha Mohammed, reiterated the Commission’s commitment to engaging young people in the…

The immediate past governor of Ekiti State, Kayode Fayemi, has dismissed rumours of his defection from the ruling All Progressives Congress (APC). In a statement on his X page Monday night, Fayemi reaffirmed his commitment to the party, stating that he has always been a foundational, card-carrying member of the APC and that his position remains unchanged. He said: “My attention has been drawn to a story circulating on several online platforms regarding my defection from the All Progressives Congress (APC). “While I have been at the vanguard of demand for greater internal democracy and inclusion in the ruling party,…

The Joint Admissions and Matriculation Board (JAMB) has completed the registration process for the 2025 Unified Tertiary Matriculation Examination (UTME), with over two million candidates set to participate in the exam scheduled for April. According to JAMB’s latest bulletin, as of March 8, 2025, a total of 2,030,627 candidates successfully registered. This figure does not include those who enrolled at international examination centres. The registration exercise, which began on February 3, 2025, also saw 200,115 candidates opting for the optional mock UTME, which is set to take place on April 5, 2025. Among them, 630 candidates signed up for an…

Kwara State Governor, AbdulRahman AbdulRazaq, has inaugurated two new commissioners, Lawal Olohungbebe and Maryam Nnafatima Imam, urging them to be team players and align with his administration’s developmental agenda. Their swearing-in,, which took place on Monday, came with a reshuffling of cabinet positions. Olohungbebe has been assigned to the Ministry of Education and Human Capital Development, while Nnafatima will now oversee the Ministry of Social Development. In other changes, Hajia Sa’adatu Modibbo Kawu has been moved to the Ministry of Tertiary Education, while Mary Arinde now heads the Ministry of Planning and Economic Development. READ ALSO: Kwara govt launches regional…