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Good morning! Here Are Some Major News Headlines In The Newspapers Today: CBN lifts forex ban on 43 items, to intervene in FX market

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1. The Central Bank of Nigeria, CBN, has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at the official market. The decision came after the naira tumbled to 1,050/$ at the parallel market on Thursday following pressure from international organisations and experts.

2. President Bola Tinubu has asked the Supreme Court to discountenance his Chicago State University academic records attached by the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, to his election petition appeal, saying it is alien to the judicial proceedings in the country. Tinubu asserted that the CSU discovery was not part of the record or the judgment of the Presidential Election Petitions Tribunal, urging the apex court not to admit it.

3. The Lamidi Apapa-led faction of the Labour Party has alleged some discrepancies in the academic certificates of its presidential candidate, Peter Obi. The claim was made by the spokesman for the LP faction, Abayomi Arabambi, when he was featured in a television interview on Thursday.

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4. The National Chairman of the All Progressives Congress, Dr Abdullahi Ganduje has expressed conviction that Thursday’s defection of Senator Ifeanyi Ubah from the ruling APC will herald a wind of revolution that will liberate the South-East. He gave the assurance during the official presentation of the senator representing Anambra South by the Senate President, Godswill Akpabio at the party’s national headquarters in Abuja.

5. Nigeria will begin its quest for a fourth Africa Cup of Nations title in 2024 against tournament hosts, Ivory Coast, alongside Equatorial Guinea and Guinea Bissau. The draw, which was conducted at a colourful ceremony inside the brand-new Parc Des Expositions in Abidjan, Ivory Coast on Thursday, was hosted by global music star, AKON.

6. Several people were trapped in multiple tanker accidents in Lagos on Thursday night. Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), Dr Olufemi Damilola Oke-Osanyintolu said investigations revealed that one of the tankers was ascending the bridge when it rolled back onto the other tanker and other vehicles. The collision impact resulted in the fire.

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7. President Bola Ahmed Tinubu on Thursday approved the appointment of Mr. Ola Olukoyede to serve as the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) for a renewable term of four years in the first instance, pending Senate confirmation.

8. Four students of Nasarawa State University who were kidnapped on Monday night have regained their freedom. Muhammed Sakilu Muhammed, Secretary General of the Nasarawa State Youths Forum for Advocacy, in a statement made available to DAILY POST, confirmed the release of the students.

9. Men of the Kogi State Police Command have arrested the stepmother of the 11-year-old boy buried alive on Wednesday by the woman’s 17-year-old son. Passers-by rescued the 11-year-old on Wednesday after he had been buried by his stepbrother in a bush at the Silo community in Zango Daji, Adavi Local Government Area of the State.

10. Two people were on Thursday confirmed dead following injuries they sustained when a storey-building under construction in the Eweta area of Ikirun, Osun State, collapsed. The deceased and two others were said to be working in the building Wednesday evening when it collapsed and trapped them.

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Ex-IGP Egbetokun expresses happiness Tunji Disu is taking over, says they both benefitted from Tinubu mentorship

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Former inspector-general of police (IGP), Kayode Egbetokun, has said
he is happy that Tunji Disu is taking over from him as the country’s police chief.

Egbetokun spoke on Wednesday at the State House, Abuja, during the swearing-in and decoration of Disu as acting IGP.

The former IGP resigned from his position on Tuesday following a directive from President Bola Tinubu.

“I am happy that he is the one taking over from me. My advice to him is that he already knows all the things we have been doing together — strengthening operations, enhancing intelligence coordination, improving the inter-agency deployment model, dismantling several criminal syndicates, and improving our intelligence response mechanisms. I am sure he will continue to do that,” the former IGP said.

Egbetokun advised the new acting IGP to continue to remain committed to his duties, noting that Disu has been part of his administration from the beginning.

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“He was my principal staff officer; he was commissioner of police in Rivers state and in the FCT; he was assistant inspector-general in charge of my special protection unit,” Egbetokun said.

“When the president gave the presidential directive to withdraw police officers from VIP protection, he was the person I called upon to ensure that the directive was fully complied with, and he did it very well.”

Egbetokun said he is “particularly excited” to hand over to Disu, noting that they share “unique history” and both benefited from the mentorship of Tinubu during his tenure as governor of Lagos state.

“I remember learning many things from him (Tinubu), but there is something in particular I recall,” he said.

“He once said that a good leader should have a successor and a succession plan and must invest in his likeliest successors.

“I invested in likely successors in the Nigeria Police Force, and I am happy that one of those I invested in has been found most suitable for the job and has been decorated today.”

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Egbetokun thanked the president for trusting him with different positions, especially when he appointed him as his chief security officer when he was governor of Lagos state, and subsequently as IGP when he became president.

“I am deeply grateful to him,” Egbetokun said.

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Ex-NNPC GM jailed 7 yearsin US over $2.1m bribe from Chinese oil firm

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A United States district court has sentenced Paulinus Okoronkwo, a Nigerian American, to 87 months in prison for receiving a $2.1 million bribe from Addax Petroleum, a subsidiary of Sinopec, a Chinese state-owned petroleum and gas conglomerate.

Okoronkwo is a former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited.

In a statement on Monday, the US government said John Walter, the district judge, ordered Okoronkwo to pay $923,824 in restitution to the Internal Revenue Service (IRS).

The judge also ordered the forfeiture of $1,039,997, which is the net proceeds of the sale of a home belonging to the ex-NNPC general manager.

In August 2025, Okoronkwo was found guilty of transactional money laundering, tax evasion, and obstruction of justice.

According to US prosecutors, while serving as NNPC’s upstream division general manager, Okoronkwo abused his position by accepting a $2.1 million payment from Addax Petroleum, the Switzerland-based subsidiary of Sinopec.

The prosecutors said the money, wired in October 2015 to his law firm’s trust account in Los Angeles, was disguised as payment for consultancy services but was a bribe to secure favourable drilling rights in Nigeria.

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The prosecutors had presented evidence that Addax executives falsified records to show the payment as legal fees, dismissed internal staff who raised concerns, and provided misleading information to auditors.

Okoronkwo, who practised immigration, family, and personal injury law in Koreatown, was said to have later used nearly $1 million of the bribe money as a down payment on a home in Valencia, California, while failing to declare the income on his 2015 tax return.

In October 2025, a US court granted the forfeiture application filed by the US government against Okoronkwo’s property.

The property is located at 25340 Twin Oaks Place, Valencia, California 91381.




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Tinubu charges acting IGP Tunji Disu to lead with discipline, rebuild trust in police

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President Bola Tinubu has charged Tunji Disu, the acting inspector-general of police (IGP), to lead with discipline and rebuild public trust in the Nigeria Police Force (NPF).

The president spoke at the State House on Wednesday during the decoration of Disu with his new rank as the acting IGP, following the resignation of Kayode Egbetokun.

Tinubu also told the new acting IGP to confront the escalating threats of banditry, terrorism, and other criminal activities across the country head-on.

“I expect you to strengthen the discipline, enhance interagency collaboration, and restore public confidence in Nigeria police,” the president said.

“Lead firmly but fairly, demand professionalism at every level and ensure that safety of lives and property remains your highest priority.”

Tinubu praised Disu as a “straightforward individual, committed and respected,” with sufficient discipline, urging him to draw from Egbetokun’s experience and “make it better than you met it.”

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“Nigeria is challenged right now with banditry, terrorism and all sorts of criminal activities,” he said.

“You’ll be part of the thinking, and you’ve been part of the innovation. The challenge as you hold the baton of this leadership is the belief that you will excel and Nigeria will prevail.”

The president appreciated Egbetokun for his “dedication in service” and “good leadership attributes” in maintaining law and order.

“Nigeria is a grateful nation to you,” he said.

“You have not succeeded without a good successor. Therefore, the success of a Tunji Disu IGP, when confirmed, is part of your responsibility.”

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