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Tinubu swears in Taiwo Oyedele as minister

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President Bola Tinubu, on Monday, administered oath of office to Taiwo Oyedele as minister of state for finance.

The ceremony was held about 2:30pm in the president’s office at the State House in Abuja.

Congratulating the new minister, Tinubu thanked Oyedele for accepting the responsibility to serve the country, and praised his dedication and role in shaping Nigeria’s tax reforms.

He described the minister as “a very dedicated and highly determined individual,” adding that it did not take long for him to decide where the appointee would best serve in government.

“You are just a very dedicated and highly determined individual. It didn’t take much for me to decide where you fit and where you need to be to further help the country,” the president said.

Tinubu acknowledged the complexity of the assignment, noting that overseeing fiscal policy and responsibility at a time when Nigeria is pursuing economic stability requires strong leadership.

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Oyedele’s swearing-in comes five days after the senate confirmed his nomination.

The confirmation followed a screening session during which the tax expert pledged to pursue fiscal reforms aimed at improving government revenue, ensuring realistic budgeting, and strengthening Nigeria’s economic management framework.

Tinubu had earlier forwarded Oyedele’s nomination to the senate in a letter dated March 3, 2026, in accordance with section 147(2) of the 1999 constitution.

A native of Ikaram-Akoko in Ondo state, the 50-year-old fiscal policy expert has over two decades of experience in public finance and tax administration.

Before his appointment, Oyedele chaired the presidential committee on fiscal policy and tax reforms, inaugurated in August 2023.

Under his leadership, the committee developed four major tax reform bills aimed at simplifying Nigeria’s tax system.

The reforms also introduced incentives including zero income tax for Nigerians earning N800,000 or less annually and tax exemptions for small businesses with an annual turnover of under N50 million.

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The four bills — the Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill — were passed by the national assembly in 2025 and signed into law by the president on June 26 of the same year.

The new tax regime took effect on January 1, 2026.

Oyedele previously spent 22 years at PricewaterhouseCoopers (PwC), where he rose to become fiscal policy partner and Africa tax leader.

He holds a higher national diploma in accountancy and finance from Yaba College of Technology and a bachelor’s degree in applied accounting from Oxford Brookes University in the United Kingdom.

The economist has also attended executive programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.

Oyedele currently lectures at Babcock University and serves as a visiting scholar at Lagos Business School.

He replaces Doris Uzoka-Anite, who was recently redeployed to the ministry of budget and national planning as minister of state — her third portfolio under the Tinubu administration.

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During his senate screening, Oyedele said his appointment was “a call to serve at a time of great economic challenges and opportunities,” pledging to contribute to Nigeria’s fiscal management.

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Police rescue Adebayo Adelabu’s sister, her twin sons

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The Nigeria Police Force has rescued Mrs Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, alive during a rescue operation carried out around 7:30 p.m. on Saturday. 

According to reports, two suspected kidnappers were neutralised in a gun duel with police operatives, while two firearms were recovered from the gang.

The victims, including the younger sister of the former Minister of Power, Chief Adebayo Adelabu, were abducted around 7:30 a.m. on June 3, 2026, while on their way to drop the children at school in Ibadan, Oyo State.

Police sources disclosed that sustained intelligence tracking and tactical pressure forced the kidnappers into a confrontation with operatives, leading to the successful rescue of the victims.

The source disclosed that security operatives are still combing nearby areas for fleeing members of the kidnapping syndicate, some of whom are believed to have escaped with gunshot wounds.

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In a statement confirming her abduction, Adelabu’s media aide, Femi Awogboro, said the victims were kidnapped at about 7:30 a.m. while Mrs John-Paul was taking her children to school, leaving the family in distress.

“We are deeply distressed by this unfortunate incident but remain hopeful that the victims will be rescued safely. We appeal to the public to remain calm, avoid speculation, and support ongoing efforts with prayers,” the family’s statement read in part.

She is the youngest of five children of Mrs Olufunmilayo Aduke Adegoke Adelabu, who reportedly retired voluntarily from her career at First Bank Pension Custodian in 2025 before relocating to Ibadan with her children.

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Police debunk claim abducted schoolgirl died in captivity

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The police command in Oyo state has dismissed claim that one of the schoolchildren abducted in Ahoro-Esiele, Oriire LGA, died while in captivity.

In a statement issued on Friday, the command described the report as false, misleading and designed to incite panic among residents.

The police said neither the police nor any security agency involved in efforts to rescue the abducted pupils had confirmed such development.

“The report is false, misleading, mischievous, and without any factual basis whatsoever,” the statement reads.

The command accused the authors of the report of deliberately using unverified claims and emotional narratives to manipulate public opinion and create fear.

“It is particularly disturbing that the authors of the report deliberately employed emotional narratives, speculative claims, and unverified accounts in a calculated attempt to manipulate public opinion and generate anxiety among residents,” the statement added.

The police said ongoing rescue operations are being pursued with professionalism and confidentiality, warning that the spread of false information could undermine security efforts and inflict further trauma on affected families.

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The command cautioned bloggers, social media influencers, online content creators and media organisations against publishing unverified security-related information.

“The indiscriminate sharing of false reports, particularly those capable of inciting fear or causing public disorder, is irresponsible and unacceptable,” the statement said.

The police urged residents to disregard the report and rely only on information released through official channels of the Nigeria Police Force and other authorised government agencies.

The command reiterated its commitment to public safety and assured residents that verified updates on the incident would be communicated as necessary.

Several schoolchildren were recently abducted by gunmen in Ahoro-Esiele, Oriire LGA, prompting a coordinated rescue effort by security agencies.

The police said investigations and rescue operations remain ongoing.

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Oyo school attack: Terrorists’ four-point demand before releasing pupils, teachers

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The abductors of teachers and pupils from three schools in Oriire Local Government Area of Oyo State have reportedly made a four-point demand before they will free the captives.

According to media reports, the abductors, who attacked schools in Esinele, Yawota and Alawusa communities on May 15, are reportedly demanding the release of detained terrorist commanders, payment of ransom, two Hilux vehicles and the implementation of Sharia-related law,  reports.

The two commanders whose release is reportedly being sought are Mahmud Usman, also known as Abu Bara’a or Abbas Mukhtar, and his deputy, Abubakar Abba, alias Isah Adam or Mahmud Al-Nigeri, also called Mallam Mamuda.

The two terrorists are leaders of Jama’atu Ansarul Muslimeena Fii Bilaadis Sudan, JAMBS, also known as Ansaru — a breakaway faction of Boko Haram — and are alleged to have aided and abetted acts of terrorism in the country between 2013 and 2015.

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The two were arrested between May and July 2025 and are currently standing trial on terrorism charges before Justice Emeka Nwite of the Federal High Court, Abuja, in a suit marked FHC/ABJ/CR/464/2025, with their trial commencing on January 15, 2026.

Usman was sentenced to 15 years in prison by Justice Emeka Nwite of the Federal High Court, Abuja, on September 11, 2025, after pleading guilty to one count of illegal mining — which he admitted he used to fund arms procurement for terrorism and kidnapping.

He denied 31 other counts and remains in DSS custody pending trial on those charges.

His deputy, Abba, pleaded not guilty to all 32 counts and is also standing trial before the same court.

Unconfirmed reports also claimed that the terrorists are demanding a ransom put at ₦1bn, which is to be paid into a bank account in the Republic of Benin.

Security analysts have warned that releasing the commanders would pose serious risks to national security.

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Meanwhile, the Oyo State Government has declined to comment on the demands or the state of negotiations, with the Commissioner for Information, Dotun Oyelade, saying it would be “unhelpful” to disclose the government’s strategy while efforts to secure the victims’ release were ongoing.

On May 17, two days after the attack, the abductors released a video showing the beheading of one of the kidnapped teachers, Michael Oyedokun, a mathematics teacher at Community High School, Ahoro-Esinele.

Governor Seyi Makinde confirmed the killing in a statement on Monday, May 18, describing it as deeply painful.

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