Author: Gbenga Olaleye

The ongoing leadership tussle within the African Democratic Congress (ADC) took a dramatic turn on Wednesday as Nafiu Bala formally assumed office, declaring himself the authentic National Chairman of the party. Addressing a press conference in Abuja, Bala insisted that both the Electoral Act and the ADC’s constitution empower him to succeed Ralph Nwosu, who recently stepped down from his position as National Chairman following the adoption of the party by an opposition coalition. “Our party’s former National Chairman voluntarily resigned his position,” Bala said. “Our constitution is very clear on the transfer of power when the national chairman resigns.…

The Nigerian stock market sustained its bullish momentum on Tuesday, recording a significant N203 billion increase in market capitalisation as investors showed renewed confidence in key sectors. Data from the Nigerian Exchange Limited (NGX) revealed that the market capitalisation rose from N89.493 trillion on Monday to N89.696 trillion by the close of Tuesday’s trading session, representing a 0.23 percent growth. Similarly, the All-Share Index (ASI) advanced by 321.59 points, or 0.23 percent, closing at 141,761.36 compared to 141,439.77 recorded at the previous session. Market analysts attributed the upward trend to strong demand for equities in non-banking sectors, particularly stocks such…

Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said that the Peoples Democratic Party (PDP) has now adopted three key positions Wike advocated for since 2022—positions that were initially rejected. Speaking on Sunrise Daily, a programme aired by Channels Television on Wednesday, Olayinka claimed that the leadership crisis within the party could have been avoided had the PDP heeded Wike’s advice earlier. “Wike’s position in 2022, if they had listened to him, probably the party wouldn’t be where it is today,” Olayinka stated. “Three positions…

Governor Bala Mohammed of Bauchi State has expressed strong support for the Peoples Democratic Party (PDP)’s decision to zone its 2027 presidential ticket to the South, stating that he willingly stepped down his own ambition to uphold party unity and strategic balance. Speaking to journalists yesterday, Mohammed, who also serves as Chairman of the PDP Governors Forum, confirmed he was actively involved in the discussions and decisions that led to the zoning arrangement. “I’m very satisfied with the resolution because I’m part of it – from the arrangement, strategy, and delivery,” he said. The PDP’s National Executive Committee (NEC) recently…

The Managing Director of the Nigerian Railway Corporation (NRC), Kayode Opeifa, has publicly accepted full responsibility for the derailment of the Abuja-Kaduna train, which occurred on Tuesday along the Kaduna corridor. Speaking during an appearance on The Morning Brief, a programme aired on Channels Television on Wednesday, Mr Opeifa expressed regret over the incident and assured Nigerians that a thorough investigation is underway. “Let me say, beyond apologising to Nigeria, I want to say as the Managing Director and Chief Executive, I take full responsibility. And in the case of safety, there is no indifference,” he said. “Once it happens,…

The Apetu of Ipetumodu in Osun State, Oba Joseph Oloyede, has been sentenced to more than four years in prison in the United States for his role in a multi-million dollar COVID-19 relief fraud. Oloyede, 62, who holds dual United States and Nigerian citizenship and resides in Medina, Ohio, was on 26 August handed a 56-month prison term by U.S. District Judge Christopher A. Boyko. According to a statement issued on Tuesday by the U.S. Attorney’s Office for the Northern District of Ohio, the monarch will also serve three years of supervised release following his imprisonment and must pay $4,408,543.38…

In a significant development in an ongoing investigation, the Federal High Court in Abuja has directed six major financial institutions to provide the Inspector-General of Police (IGP) with comprehensive account details linked to prominent activist and publisher Omoyele Sowore. The order, issued on Tuesday, mandates the banks to release transaction records, including inflows and outflows, from January 2024 to the present. Justice Emeka Nwite presided over the case, granting the exparte motion filed by the IGP’s legal representative, Wisdom Madaki. The motion, marked FHC/ABJ/CS/1757/2025, named Sowore and Sahara Reporters Media Foundation as the first and second defendants, respectively. The banks…

Governor Uba Sani of Kaduna State has activated emergency services following the derailment of a passenger train travelling from Abuja to Kaduna on Tuesday morning. In a statement issued by the Commissioner-Designate for Information, Malam Ahmed Maiyaki, the governor expressed deep concern over the incident and directed immediate intervention measures. According to the statement, the Kaduna State Emergency Management Agency (SEMA) and the Ministry of Local Government Affairs have been instructed to: evacuate all stranded passengers from the scene, provide emergency medical care to the injured, and offer psycho-social support to affected victims. “Governor Sani has mandated that every necessary…

A passenger train travelling from Abuja to Kaduna derailed on Tuesday morning, sparking panic among passengers and their relatives. The incident occurred along the Kaduna corridor shortly after the train departed Abuja at around 11 a.m. Witnesses described scenes of confusion, with passengers scrambling to safety as the coaches came to a halt. It was not immediately clear what caused the derailment, and no official confirmation of injuries or fatalities had been issued at the time of reporting. Security sources said military personnel were swiftly deployed to the site to assist in evacuating stranded passengers and securing the area. The…

The Nigeria Union of Journalists (NUJ), Lagos State Council, has called on Governor Babajide Sanwo-Olu to take firm action against his Chief Security Officer (CSO), Kunle Fagbemi, following a series of alleged incidents of harassment directed at journalists covering the governor’s activities. The latest episode occurred on Saturday at the Lagos House in Ikeja, where Mr Fagbemi was accused of verbally assaulting and obstructing members of the governor’s official press crew as they attempted to discharge their duties. In a statement issued on Monday, signed by its Chairman, Adeleye Ajayi, and Secretary, Tunde Olalere, the union expressed grave concern over…