Connect with us

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: FEC approves $3.45bn World Bank loan application for power, others

Published

on

 

1. The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project.

2. President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that the country was expecting about $10bn inflows in the nearest term, which would help to clear foreign exchange backlog and stabilise the naira.

3. The Chairman of the Supreme Court panel hearing the appeals against the election of President Bola Tinubu, Justice John Okoro, said on Monday that the Peoples Democratic Party candidate, Atiku Abubakar, must prove the allegation of certificate forgery levelled against the president beyond reasonable doubt. He stated this following the submission of Atiku’s lead counsel, Chris Uche, SAN, urging the court to admit the fresh evidence brought by the petitioners.

See also  Two brothers jailed 17 years for raping 15-year-old girl

4. The Federal Government has said it will demand damages from Process & Industrial Developments Limited, which lost its $11bn arbitration award against Nigeria on Monday in the United Kingdom. The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi said that there will be further hearing by the United Kingdom court on the heels of the judgment to determine costs payable by P&ID and others in the matter.

5. Tragedy struck on Monday in Ilorin, Kwara State capital, when a tree fell and killed two people, including a woman, and injured 10 others in the Sango area of the town. The incident, according to sources, occurred around 8am by the roadside near a filling station opposite Oke Adini Junction of the town.

6. The Ondo State House of Assembly has written to the State Chief Judge, Justice Olusegun Odusola, to constitute a panel to investigate the allegations of gross misconduct against the deputy governor, Mr Lucky Aiyedatiwa. In a letter signed by the Speaker of the Assembly, Mr Olamide Oladiji, and made available to our correspondent on Monday, the House said the impeachment process resumed after the expiration of the ex parte order of the Federal High Court.

See also  Nigeria Army retires 29 generals despite denial by DHQ

7. Workers across the 36 States and the national assemblies say they have concluded all arrangements to lock up their respective workplaces pending when their demands for financial autonomy of the legislative arm of government would be granted.

8. President Bola Ahmed Tinubu has said the era of industrial actions in the nation’s academic environment has come to an end as the administration’s Students Loans Scheme begins January 2024. He stated this on Monday while speaking at the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorps Hilton, Abuja.

9. The Lagos State Government has sealed off the popular Alaba International Market in continuation of the clampdown on markets across the state over poor environmental sanitation. Alaba Market’s shutdown followed the closure of several other markets in the State in recent times by the Lagos State Waste Management Authority (LAWMA).

See also  Nigeria’s economy will grow by 4.4% in 2027 - World Bank

10. Some irregularities, including duplications in the award of contracts, have been uncovered by the Senate Ad-hoc Committee on Fact-finding on the East-West Road project. According to the committee, the duplications were discovered in the award of some projects by the Federal Ministry of Works, the Niger Delta Development Commission (NDDC), the governments of the states in the region and the local governments.

 

 

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Tinubu, governors present as Bello Matawalle’s 10 children wed in Abuja

Published

on

By

 
President Bola Tinubu,  President Carlos Manuel Vila Nova of the Democratic Republic of São Tomé and Príncipe and several governors were among the dignitaries who attended the wedding of the children of Bello Matawalle, minister of state for defence.

Matawalle celebrated the weddings of his ten children, five daughters and five sons, at the National Mosque, Abuja, on Friday.

The minister gave away his daughters—Maryam, Safiyya, Farida, Nana Firdausi, and Aisha—while his sons—Ibrahim, Abdul Jalal, Surajo, Bello, and Fahad—also tied the knot.

The Islamic ceremony was officiated by Imam Luqman Zakariyah, who prayed for Allah’s blessings on the marriages and for success in the couples’ future lives.

Tinubu received the brides on behalf of the Matawalle family, welcoming them into their new homes.

The high-profile wedding attracted the crème de la crème of Nigerian politics.

Notable dignitaries in attendance included Deputy Senate President Barau Jibrin and Ibrahim Masari, Senior Special Assistant on Political Affairs.

See also  World Bank approves $1.57bn for Nigeria to improve healthcare services, address flooding

Several governors were also present, including Ahmad Aliyu of Sokoto, Umar Namadi of Jigawa, and Nasir Idris of Kebbi.

In a post via X, Matawalle expressed his deep gratitude to Tinubu and Vila Nova for attending the ceremony, describing their presence as a rare and honourable privilege.

He further appreciated all dignitaries, family, friends, and well-wishers who joined physically or in prayers, wishing them safe journeys back to their destinations.

“Today, I am deeply honoured and profoundly grateful to His Excellency, President Bola Ahmed Tinubu, GCFR, for graciously serving as Wali at the wedding Fātiḥa of my children, held at the National Mosque, Abuja. I remain sincerely honoured by this rare privilege,” he wrote.”

“In addition, the presence of the President of the Democratic Republic of São Tomé and Príncipe, His Excellency President Carlos Vila Nova, added immense meaning to this joyous occasion, and I deeply appreciated it.

“I also wish to extend my heartfelt appreciation to everyone who joined us physically and in prayers to share in our joy. Your presence, prayers, and goodwill are truly cherished and deeply appreciated.

See also  Report: Nigeria got $3.5bn development assistance from multilaterals in 2022 — largest in Africa

“To my esteemed colleagues in the Federal Executive Council, Governors, members of the National Assembly, friends, family members, and well-wishers from across the nation, I am eternally grateful for the overwhelming love and kindness shown to me and my family.

“I also pray that Allah rewards abundantly all those who travelled from far and near to celebrate with us, and I ask Allah to grant you a safe and peaceful journey back to your respective destinations.”

Continue Reading

News

APC is my natural home, says Iyabo Obasanjo

Published

on

By

Iyabo Obasanjo, daughter of ex-President Olusegun Obasanjo, has confirmed her membership in the All Progressives Congress (APC) in Ogun state.

Iyabo spoke on Saturday during an interactive programme on Eagle7 Sports Radio 103.7 FM, anchored by Segun Odegbami.

Explaining her return to politics, Iyabo said the decision was driven by sustained pressure from supporters.

“Like I told you, a group of people who I did not bring together, I did not form them into a group, have been working, I think, for two years now,” she said.

“And then they started talking to me about a year ago, saying, ‘Look, we think you are the best candidate. We want you back.’”

She said she could not return to the Peoples Democratic Party (PDP), where she previously contested elections, citing internal crises.

“I could not go back to the PDP because of all kinds of turmoil,” she said.

Iyabo disclosed that she also considered the African Democratic Congress (ADC), but said the party was not yet fully organised.

See also  World Bank approves $1.57bn for Nigeria to improve healthcare services, address flooding

“The ADC was another option, but they don’t have their ducks in a row yet; they’re still working on it,” she said.

According to her, those who encouraged her return to politics are now members of the APC, a factor that influenced her decision after wide consultations.

“So, I think APC is my natural home. I don’t have any animosity towards any individual or any group within the APC,” she said.

“I feel more comfortable with all the actors I know within the APC… I feel more comfortable, actually, than with some of the actors I know in the PDP, and some of them are now in the ADC.

“So I think it’s my natural home. I feel quite confident and happy to have made that decision.

“I have an absolute 100% feeling it’s my natural home.”

Iyabo represented the Ogun central senatorial district between 2007 and 2011. She lost her re-election bid in 2011 to Gbenga Obadara of the then Action Congress of Nigeria (ACN).

See also  Tinubu’s reforms now global reference point, says World Bank MD

She later relocated to the United States, where she pursued an academic career and rose to the rank of professor. She is also a former commissioner for health in Ogun.

Continue Reading

News

Nigerian jailed eight years for $6m scam in US

Published

on

By

MAN JAILED FOR LIFE

A United States court has sentenced one Tochukwu Albert Nnebocha, a Nigerian national, to 97 months’ imprisonment for participating in a transnational inheritance fraud scheme that targeted elderly and vulnerable Americans.

According to a statement published on the US Department of Justice website on Friday, “a Nigerian National was sentenced today to more than eight years in prison for participating in a years-long conspiracy to defraud elderly and vulnerable Americans through an inheritance fraud scheme.”

The DOJ stated that Nnebocha, who is 44 years old, and his co-conspirators “operated a lucrative transnational inheritance fraud scheme that exploited vulnerable people in the United States” over a period exceeding seven years.

The statement read, “According to court documents, Tochukwu Albert Nnebocha, 44, of Nigeria, and his co-conspirators operated a lucrative transnational inheritance fraud scheme that exploited vulnerable people in the United States.

“Over the course of more than seven years, Nnebocha and his co-conspirators sent hundreds of thousands of personalized letters to elderly individuals in the United States, falsely claiming that the sender was a representative of a bank in Spain and that the recipient was entitled to receive a multimillion-dollar inheritance left by a deceased family member.”

See also  Police arrest three brothers, 62-year-old over alleged terrorism in Imo

According to the US DOJ, victims were subsequently instructed to pay various fees before accessing the fictitious inheritance.


“The conspirators then told the victims that, before they could receive their purported inheritance, they were required to send money for purported delivery fees, taxes, and payments regarding the inheritance. In total, the defendant and his co-conspirators defrauded over 400 U.S. victims of more than $6 million,” the statement read,

The DOJ added that “in total, the defendant and his co-conspirators defrauded over 400 U.S. victims of more than $6 million.”

The statement disclosed that Nnebocha was arrested in Poland in April 2025 and extradited to the United States in September 2025.

He later pleaded guilty in November 2025 to conspiracy to commit mail fraud and wire fraud.

At sentencing, the court ordered 97 months’ imprisonment, three years of supervised release and restitution exceeding $6.8m to victims.

The department noted that “this is the second indicted case related to this international fraud scheme,” adding that eight co-conspirators from the United Kingdom, Spain, Portugal and Nigeria had previously been convicted and sentenced.

See also  Good morning! Nigerian Newspapers Headlines: 2026 outlook: Tinubu pledges strong economic rebound

The case was investigated by the US Postal Inspection Service and Homeland Security Investigations, with assistance from the Federal Bureau of Investigation’s Legal Attache in Poland, INTERPOL, Polish authorities, the US Attorney’s Office for the Southern District of Florida, and the DOJ’s Office of International Affairs.

Senior Trial Attorney Phil Toomajian and Trial Attorney Joshua D. Rothman of the Criminal Division’s Fraud Section are prosecuting the case, according to the statement.

Continue Reading

Trending News