Author: Gbenga Olaleye

The Securities and Exchange Commission (SEC) has established a dedicated desk to expedite approvals for insurance sector recapitalisation, with a firm commitment to process complete applications within 14 days. Ebelechukwu Nwachukwu, head of the Communication and Stakeholders Management Subcommittee, announced this during the 19th Insurers’ Committee meeting in Lagos. The move follows the recent signing of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law by President Bola Tinubu. The Act introduces sweeping reforms to the insurance sector, including a significant hike in minimum capital requirements aimed at strengthening industry resilience and investor confidence. Nwachukwu stated that SEC Director-General,…

Former federal lawmaker and ex-Senator for Kaduna Central, Shehu Sani, has responded to a recent statement by former President Goodluck Jonathan, in which the latter described Nigerian politics as being filled with “betrayers, liars, and traitors.” Jonathan made the remark during the 70th birthday celebration of Chief Mike Aiyegbeni Oghiadomhe in Benin, the Edo State capital, where he reflected on the events leading up to his failed re-election bid in 2015. According to the former president, betrayal is an unfortunate hallmark of the Nigerian political landscape. In reaction, Sani took to his X (formerly Twitter) account to echo Jonathan’s sentiments…

Senator Ali Ndume, who represents Borno South in the National Assembly, has called on President Bola Tinubu to prioritise special infrastructure projects in the North-East, warning that the region risks being left behind without urgent intervention. His appeal came in the wake of a recent visit to the Presidential Villa in Abuja by the six governors of the North-East, led by Borno State Governor and Chairman of the North-East Governors’ Forum, Professor Babagana Zulum. During the visit on Wednesday, the governors presented a list of abandoned federal road projects that have long plagued the region. According to Zulum, at least…

Senator Aminu Waziri Tambuwal, representing Sokoto South, has clarified his relationship with Nyesom Wike, the Minister of the Federal Capital Territory (FCT), stating that while they remain personal friends, his political allegiance, particularly in matters of leadership, lies with former Vice President Atiku Abubakar. Appearing on Channels Television’s Politics Today on Friday, Tambuwal addressed longstanding speculations about a falling-out with Wike, stemming from the 2022 Peoples Democratic Party (PDP) presidential primary, where Tambuwal dramatically stepped down in favour of Atiku Abubakar. His withdrawal was widely seen as a pivotal moment that handed Atiku the victory, much to the displeasure of…

Senator Aminu Waziri Tambuwal, former Governor of Sokoto State and a key figure in the African Democratic Congress (ADC) coalition, has accused President Bola Ahmed Tinubu’s administration of actively destabilising opposition parties in Nigeria ahead of the 2027 general elections. Speaking on Channels Television’s “Politics Today” on Friday, Tambuwal stated that the signs of government interference in opposition politics are evident, alleging that the Tinubu-led government is engaged in coordinated efforts to weaken rival platforms. “We are all sensible, and when you look at what is happening in various political parties in Nigeria today, you don’t need to be told.…

Renowned human rights lawyer, Femi Falana, SAN, has strongly criticised the recent sentencing of Akeem Jimoh, a 28-year-old auto mechanic who was convicted and sentenced to three years’ imprisonment with hard labour for stealing 17 tubers of yam worth N35,000 in Osogbo, Osun State. The judgment was delivered on Wednesday by Chief Magistrate Muibah Olatunji, after Jimoh pleaded guilty to a one-count charge of theft. Asked why he committed the offence, Jimoh said he stole the yam out of hunger and begged the court for leniency. However, the magistrate handed down a harsh sentence: three years in prison without the…

Senator Aminu Tambuwal, former Governor of Sokoto State and ex-Speaker of the House of Representatives, has declared his unwavering determination to see President Bola Ahmed Tinubu ousted from office in the 2027 general elections through democratic means. Speaking during an interview on Channels Television’s Politics Today on Friday, Tambuwal said: “I am committed to using every democratic means possible to make sure that President Tinubu leaves office in 2027. It’s not by my power, but by the grace of God, this will happen.” Tambuwal, now representing Sokoto South Senatorial District, has emerged in recent months as one of the most…

The World Bank has clarified why $2 billion in loans approved for Nigeria in 2024 have not yet been disbursed, nearly a year after the signing. The explanation comes amid reports that the bank approved $8.4 billion (₦12.89 trillion) in new loans for Nigeria between June 2023 and August 2025, spanning 15 projects in critical sectors like energy, education, health, rural infrastructure, and governance. According to data from the bank’s portal and information obtained by New Daily Prime, six loans signed between September and December 2024, totalling $2 billion, have yet to see any disbursement, sparking questions about possible bureaucratic…

Former Sokoto State Governor and current Senator representing Sokoto South, Aminu Waziri Tambuwal, has admitted to engaging with bandits through backdoor channels during his tenure as governor in a bid to curb rising insecurity in the state. Tambuwal made the disclosure during an appearance on Channels Television’s “Politics Today” on Friday, where he discussed the complexities of banditry in Nigeria’s North-West and the wider Sahel region. “We did engage bandits through backdoor channels,” Tambuwal revealed, describing the security challenges as being driven by a blend of local and foreign elements, with the latter flowing into Nigeria due to the unstable…

Kenneth Okonkwo, former spokesperson of the Labour Party (LP) Presidential Campaign Council, has claimed that the Peoples Democratic Party (PDP) has effectively zoned its 2027 presidential ticket to Federal Capital Territory (FCT) Minister, Nyesom Wike. Speaking on Channels TV’s breakfast show on Friday, Okonkwo alleged that Wike, the former Rivers State governor, wields significant influence within the PDP, consistently imposing his will and working against the party’s broader interests. “You were there when Wike said he will be supporting the presidential candidate of another political party. So where is it? And he has told you that anything and anybody that…