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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Nigeria commences crude oil sale in naira

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1. Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira. A statement from the Ministry of Finance on Saturday said the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced implementation of the initiative approved by the Federal Executive Council (FEC) starting from October 1, 2024.

 

2. Governor Umo Eno of Akwa Ibom State on Saturday appointed his daughter to replace his late wife as First Lady. The governor made the announcement during a condolence visit to his family by the Wife of the President, Mrs Oluremi Tinubu in Uyo.

 

3. Oil marketers have warned of impending fuel scarcity over the decision of the Nigerian National Petroleum Company Limited (NNPCL) to shut down its petrol purchasing portal. The marketers revealed that they are awaiting the supply of over 90 million litres of petrol, valued at approximately N79 billion from NNPCL.

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4. Governor Siminalayi Fubara of Rivers State has regained control of the local government structure as his loyalists who contested elections under the Action Peoples Party have won all but one of the 23 chairmanship positions. Chief Election Officer of the Rivers State Independent Electoral Commission, Justice Adolphus Enebeli, declared the result in Port Harcourt, the state capital, on Saturday night.

 

5. Oyo State Governor, Seyi Makinde, has declared that his administration will commence the payment of the N70,000 minimum wage once the issue of consequential salary adjustment has been addressed. He also announced the extension of the N25,000 wage award to workers and N15,000 wage award to pensioners by another three months.

 

6. Former militant leader, Asari Dokubo, has issued a stern warning in response to alleged military helicopter surveillance over his residence in Rivers State. In a video on Saturday, circulating via X, Dokubo claimed that two helicopters had been flying over his home and compound for over 30 minutes, an act he perceived as provocation from the government, the police, and supporters of former Rivers State Governor, Nyesom Wike.

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7. The Rivers State Police Command on Saturday confirmed that two separate explosions occurred in different parts of the state on Saturday. It reported that the first explosion took place at the All Progressives Congress Secretariat along Aba Road, while the second struck the Obio/Akpor Local Government Secretariat, just outside Port Harcourt.

 

8. Ogun State Police Command has arrested a 29-year-old man, Ogunnaike Philip, on suspicion of killing at least three young girls, including an 18-year-old, in separate incidents across the state. The command stated that the suspect’s method was to lure his victims into the forest, where he would tie them up, strangle them, and then abandon their bodies after stealing their phones.

 

9. A 30-year-old man, Motunrayo Olaniyi, has been arrested for allegedly stabbing his newlywed wife, Olajumoke, to death at Amazing Grace Estate, Elepe in the Ikorodu area of Lagos State. The incident was said to have occurred on Friday after a heated argument between the couple.

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10. The Economic and Financial Crimes Commission, EFCC, has urged the Federal High Court in Lagos to dismiss an appeal filed by former governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, seeking to stop the forfeiture of $2.4 million and several choice properties linked to him. Emefiele’s legal team, led by Senior Advocate of Nigeria, SAN, Olalekan Ojo, argued before Justice Deinde Isaac Dipeolu on Friday, calling for a stay of proceedings pending the outcome of an appeal.

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EFCC says it froze Osun account over ‘fraudulent handling’ of N11bn ecological, intervention funds

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The Economic and Financial Crimes Commission (EFCC) has explained that it froze the bank account of the Osun state government over alleged fraudulent handling of N11 billion ecological and intervention funds.

The anti-graft agency, in a statement on Wednesday, said it has been investigating the Osun state government since March regarding the alleged mishandling of the funds.

According to the agency, some officials of the state government, including the accountant-general of the state, had been interviewed by EFCC investigators.

The agency said amid the probe, it observed that huge transfers of funds were being made from the account into different corporate entities since August 2.

“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026,” the statement reads.

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“The Commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved.

“The EFCC’s preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources.

“The Commission cannot watch idly while a state government’s account is being pillaged.”

The anti-graft agency said it is aware of the forthcoming Osun governorship election, adding that it is “uncharitable” to overlook the huge transfers of funds over the “excuse of an upcoming election”.

“The Osun State government account was frozen to save public funds from being looted,” the agency said.

In a letter dated August 5, 2026, and signed by Adenike Babalola, assistant commander of the EFCC on behalf of the director of investigation, the anti-graft agency directed First Bank not to allow withdrawals from the Osun state government’s statutory allocation account as part of an ongoing investigation.

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The agency instructed the bank to place a post-no-debit restriction on the account pending the conclusion of the probe.

Reacting to the development, Ademola Adeleke, Osun governor, said the state government will not accept a situation in which federal government agencies trample upon the rights of subnational governments.

Adeleke said the Osun government has been witnessing numerous sponsored attacks, including the harassment of Accord party members and the move to stall the operations of LGAs in the state.

Adeleke said he has directed the attorney-general of the state to challenge the “illegality”.

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Osun threatens lawsuit as EFCC freezes govt account 10 days to election

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Less than 24 hours after Governor Ademola Adeleke alleged that the Economic and Financial Crimes Commission (EFCC) was planning to freeze the state government account domiciled with First Bank, the anti-graft agency has reportedly freezed the account, according to Vanguard.

The account, reportedly used for the payment of workers’ salaries, was placed on “Post No Debit” status by the anti-graft agency.

The development came hours after Governor Ademola Adeleke raised the alarm that the EFCC was planning to freeze the state government’s accounts and those of top government officials ahead of the August 15 governorship election.

In a statement issued earlier on Wednesday by the Commissioner for Information and Public Enlightenment, Kolapo Alimi, Adeleke described the alleged move as an attempt to cripple government activities before the poll.

The governor had insisted that there was no legal basis for freezing the accounts of a state government, arguing that the EFCC lacked the statutory powers to take such action.

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However, a source reportedly told Vanguard that the account had already been restricted.

“I can confirm that the state government account has been frozen by the EFCC. It is no longer an allegation. The governor will address the press shortly to update the public on the situation,” the source reportedly told Vanguard.

The reason for the restriction was not immediately known as of the time of filing this report.

The EFCC had yet to issue an official statement on the development.

The development comes as Osun prepares for its August 15 governorship election, with the account restriction expected to generate political reactions ahead of the poll.

Meanwhile, the state’s Attorney General and Commissioner for Justice, Oluwole Jimi-Bada, had said he has the mandate of the governor to sue the Economic and Financial Crimes Commission for freezing the government accounts.

Jimi-Bada said a ‘Post no debit’ letter from the EFCC was forwarded to the management of the First Bank where Osun government accounts were domiciled on Wednesday.

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The commissioner, who expressed readiness to proceed to court, said the move by the anti-graft agency may hamper government’s business, noted that Governor Ademola Adeleke was not using state funds to run its campaign for reelection.

“I have the mandate of the governor to proceed to the Federal High Court to challenge this move. EFCC can investigate the accounts but it can’t freeze the accounts without order of court.

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WAEC releases 2026 WASSCE results, withholds 167,486 candidate’s results over malpractice 

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The West African Examinations Council says it is withholding the results of 167,486 candidates, representing 8.59 per cent of those who sat the 2026 Computer-Based West African Senior School Certificate Examination for School candidates, over alleged examination malpractice.

This was disclosed by the Head of WAEC Nigeria National Office, Dr Amos Dangut, who announced the release of the results in Lagos on Wednesday.

The number of withheld reults, however, represents a decline from the 9.7 per cent recorded in 2025.

Dangut said the council withheld the affected results due to various infractions, including the increasing use of mobile phones in examination halls despite the existing ban and organised cheating in some schools.

“The increasing use of cell phones in the examination hall, in spite of the existing ban, and organised cheating in some schools, are other nagging issues,” Dangut said.

He added that some supervisors and invigilators found assisting candidates in malpractice had been arrested and would face disciplinary action through the relevant state ministries of education.

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A total of 1,959,668 candidates from 24,207 schools registered for the examination across Nigeria, Benin Republic, Côte d’Ivoire and Equatorial Guinea, while 1,950,726 candidates eventually sat for the examination.

1,200,514 candidates (61.54 per cent) obtained credits and above in at least five subjects, including English Language and Mathematics.

1,687,378 candidates (86.50 per cent) secured credits and above in a minimum of five subjects, with or without English Language and Mathematics.

The number of candidates who obtained credits in five subjects including English and Mathematics dropped by 1.42 percentage points compared with the 2025 examination.

Of the 1.2 million candidates who achieved credits in English and Mathematics:

558,883 (28.65 per cent) were male.

641,631 (32.89 per cent) were female.

Overall, 997,267 females (51.12 per cent) and 953,459 males (48.88 per cent) participated in the examination.

WAEC said 1,834,695 candidates, representing 94.05 per cent, had their results fully processed and released, while the results of 116,031 candidates (5.95 per cent) were still being processed.

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The council also disclosed that 1,213 candidates with special needs participated in the examination. They included:

137 visually impaired candidates;

491 candidates with hearing impairment;

55 spastic and mentally challenged candidates; and

41 physically challenged candidates.

The 2026 examination marked the second edition of the Computer-Based WASSCE for School Candidates, following the introduction of the format by WAEC.

Dangut said the council introduced several innovations, including the Digital Examiner Mark System to improve the speed of processing results, serialisation of question papers to curb malpractice, and a new portal that allows candidates to generate e-PINs directly for checking their results.

The examination was conducted between April 24 and June 19, 2026, with 102,708 examiners involved in marking across 88 marking venues.

Dangut, who described the briefing as his third and final engagement as WAEC Nigeria National Office head, said candidates sponsored by states indebted to the council would not have their results released until the outstanding payments were cleared.

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