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UN Agency Seeks $89 million To Feed 17 Million People Facing Acute Hunger In Northern Nigeria

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Beggars in Oyo State

By Ayodele Oni

 

Banditry has taken a dangerous toll on Northern Nigeria as the United Nations (UN) World Food Programme (WFP) revealed that over 17 million people are now facing acute food insecurity.

 

It stated that conflict, funding cuts, and worsening access have pushed northern Nigeria into its worst hunger crisis in nearly a decade.

 

The latest Cadre Harmonisé analysis shows more than 17 million people across nine conflict-affected northern states are at crisis, emergency, or catastrophic levels of hunger.

 

That is an increase of nearly 2 million people from the previous assessment.

 

Borno State is the most affected. Renewed insurgent attacks and suspended food aid have left over 3 million people acutely food insecure

 

“Of them, 750,000 face severe hunger and 10,000+ are in catastrophic hunger — the highest level, often linked to famine-like conditions.

 

“What concerns us most is how this crisis is expanding,” said WFP’s Kinday Samba.

 

“For years, insurgent attacks were largely concentrated in the Northeast. Today, they are spreading across a much wider area and forcing people from farmland, driving displacement and restricting humanitarian access, meaning hunger is quick to follow.

 

WFP pointed out that the number of locations partially inaccessible to aid workers has doubled in recent months. An additional 15 areas are now difficult to reach due to insecurity.

 

“Attacks and illegal checkpoints are disrupting relief convoys. In several locations, air transport is now the only option.

 

“Funding shortages are compounding the crisis. Across the three insurgency-ravaged Northeast states, 6.2 million people are food insecure. But WFP currently has resources for only 740,000 people.

 

“That leaves about 5.5 million people, many of them women and children, without food and nutrition support. This is down sharply from the 1.3 million WFP assisted during the peak of the 2025 lean season.”

 

The agency stated that aid suspensions in displacement camps are pushing families toward dangerous coping strategies, including joining armed groups for food or income. It also flagged rising exploitation and gender-based violence against women and children.

 

“When people lose access to food, the risks of displacement, exploitation and instability increase. Yet resources are at their lowest at the time they are needed most,” Samba said.

 

The report revealed that Nigeria’s food crisis extends beyond the North. 36.2 million people nationwide are now food insecure, driven by insecurity, inflation, climate shocks, and economic pressure.

 

WFP warned that without urgent action, hunger, displacement, and instability could worsen in northern Nigeria and spill into neighbouring countries.

 

To sustain emergency food, nutrition, and logistics for the next six months, WFP said it urgently needs $89 million in additional funding

Reforms Difficult But Necessary – President Tinubu

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President Bola Tinubu
President Bola Tinubu

By Ayodele Oni

 

President Bola Tinubu has admitted that Nigeria is presently undergoing one of the most ambitious periods of reforms in its history.

 

He however maintained that the reforms, though difficult, are necessary  undertaken by the administration and  are yielding results.

 

The president spoke Thursday at the maiden dinner for State House Correspondents in Abuja.

 

Listing results of the reforms, Tinubu stated that “Our economy is stabilising. Public revenues have strengthened significantly. State governments are receiving substantially higher allocations to support development. Investor confidence is returning.

 

“Our foreign reserves have improved considerably. The oil and gas sector is attracting renewed investment. The stock market has witnessed remarkable growth.

 

“Key economic indicators are moving in the right direction. Through tax reforms, fiscal reforms, infrastructure investments, and improvements in the business environment, we are laying the foundations for a more competitive, productive, and prosperous economy.

 

“The journey is not yet complete. Challenges remain. But the direction is clear, and the foundations for long-term growth are being firmly established.”

 

Regarding security, he said that “our administration has maintained a determined, multi-dimensional approach.

 

“Military operations have intensified across several theatres. Intelligence gathering has improved. Inter-agency collaboration has strengthened. Regional and international cooperation has expanded.

 

“As a result, thousands of criminal elements and terrorists have been neutralised. Numerous hostages have been rescued.

 

“Communities previously under threat have been reclaimed.

Security agencies continue to demonstrate courage and professionalism in confronting terrorism, banditry, kidnapping, oil theft, and other forms of criminality.

 

“While Nigeria continues to face security challenges, we have moved steadily from reacting to threats toward systematically degrading them.

 

“We remain resolute in our commitment to securing every part of our country and ensuring that every Nigerian can live, work, and prosper in peace.”

 

President Tinubu assured the media that laws such as cybercrime act and others are not intended to gag the press.

 

“The media space is no longer an unregulated frontier. Nigeria has enacted laws, including the Cybercrimes Act and other relevant legislation, to protect citizens from malicious falsehoods, cyberstalking, identity theft, and other abuses that increasingly accompany the digital age.

 

“These safeguards are not intended to weaken press freedom. Rather, they exist to protect citizens and preserve the integrity of our information ecosystem.”

 

He charged media practitioners to be partners, stressing that “Democracy is stymied without a free press. The fourth estate of the realm must be a free estate, and not a fief.

 

“However, where there is enormous power, there should be accountability and responsibility. The ethics of the profession must be considered sacred and upheld by practitioners.

 

“The recurring incidents of misinformation, disinformation, fake news, voice and facial cloning and deep fakes are concerning.

 

“These are the drawbacks of the social media age. Media practitioners should not be willing couriers of falsehood or unverified information injurious to national security and the nation.”

NASS Demanded N200m “Bribe” To Pass Ministry’s Budget

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Solomon Dalung

Solomon Dalung, a former Minister of Sports has revealed that the National Assembly demanded to pay a bribe of N200 million to pass the Budget of the Ministry of Sports when he served undet the Muhammadu Buhari’s adminstration. His refusasl to pay the alleged bribe may have led to his ouster from the adminsitration, the former minister said.

The former minister was among those not re-appointed after the  late President Buhari won a reelection, despite Dalung’s pressumed closeness to the former Nigerian leader. At the time, political analsyst had opined that the fromer minsiter from Plateau state fell out of power due to the intrigues among the inner circle of the Buhari’s adminsitration.

Some also adduced his fall from power to his refusal to play ball with members of the National Assembly.

Dalung spoke on Channels TV programme Sunshine Daily on Friday, saying the Committees of Sports in NASS demanded the bribe whenever the officials of the ministry went to the Assembly to defend its budget.

According to him, the lawmakers had insisted that he pay them the bribe so that his ministry budget will be passed, and whenever he resistedm he was told that he could ‘not pretend” because other ministers had paid bribe for their budgets to be passed.

The revelation, according to not a few people watching the nation’s National Assembly, has exposed the deepseated corrution among lawmakers in the country, particularly undet the admnistration of President Bola Ahmed Tinubu which has been accused of paying lip service to fighting graft in the country.

The 10th National Assembly has come under trenchatnt criticism from not a few Nigerians, who accused its members of being corrupt, and acting in a manner that suggest that they are lap-dog of the Presidency, which has also been under close scrutiny from the publci for allegedly aiding corruption.

For instance, the President’s Chief of Staff, Femi Gbajabiamila is currently enmessed in an alleged corruption case invloving Adeniyi Matthew, the embattled  Director General of the Presidential Foreign Intervention Promotion Council/Presidential Economic Advisory Council.

Gbajabiamila and Matthew are currently in court to clear their names on allegations bordering on forgery and bribery.

The controversy starterd last year after Matthew was arresetd by the police following a pettion by the president’s chief of staff who accused him of forging his appointment letter, deccribing him as a serial fraudster.

Matthew had fired back accusing Gbajabiamila of sending police after him after a deal between them broke down. The alleged deal, according to Matthew, is that he paid N400 million out of the agreed N600 million to the former Spekaer of the Hosue of Representatives, to secure the appointment, thoruh a proxy that has now died.

His refusal to pay the balance made him fell out with the embattled Chief of Staff, he stated.

He also accused Gbajabiamila of demanding 48 percent of the  N27.4 bn   take-off grant purportedly approved as the yearly budget for the agency.

In its reaction to the alleagtion, the Presidency has described the agency as ficticious, saying Matthew was opearting a non-existen agency.

The Presidency has also cleared Gbajabiamila of the alleagtions, in a letter issued on Wednesday by President Tinubu’s spokesperosn, Bayo Onanuga.

Meanwhile, Not a few Nigerians are calling out the Presidency over the issue, saying the allegations against Gbajabiamila are too strong to be swept under the carpet., calling for an independent probe of the matter.

Solomon Dalung, a former Minister of Sports has revealed that the National Assembly demanded to pay a bribe of N200 million to pass the Budget of the Ministry of Sports when he served undet the Muhammadu Buhari’s adminstration. His refusasl to pay the alleged bribe may have led to his ouster from the adminsitration, the former minister said.

The former minister was among those not re-appointed after the  late President Buhari won a reelection, despite Dalung’s pressumed closeness to the former Nigerian leader. At the time, political analsyst had opined that the fromer minsiter from Plateau state fell out of power due to the intrigues among the inner circle of the Buhari’s adminsitration.

Some also adduced his fall from power to his refusal to play ball with members of the National Assembly.

Dalung spoke on Channels TV programme Sunshine Daily on Friday, saying the Committees of Sports in NASS demanded the bribe whenever the officials of the ministry went to the Assembly to defend its budget.

According to him, the lawmakers had insisted that he pay them the bribe so that his ministry budget will be passed, and whenever he resistedm he was told that he could ‘not pretend” because other ministers had paid bribe for their budgets to be passed.

The revelation, according to not a few people watching the nation’s National Assembly, has exposed the deepseated corrution among lawmakers in the country, particularly undet the admnistration of President Bola Ahmed Tinubu which has been accused of paying lip service to fighting graft in the country.

The 10th National Assembly has come under trenchatnt criticism from not a few Nigerians, who accused its members of being corrupt, and acting in a manner that suggest that they are lap-dog of the Presidency, which has also been under close scrutiny from the publci for allegedly aiding corruption.

For instance, the President’s Chief of Staff, Femi Gbajabiamila is currently enmessed in an alleged corruption case invloving Adeniyi Matthew, the embattled  Director General of the Presidential Foreign Intervention Promotion Council/Presidential Economic Advisory Council.

Gbajabiamila and Matthew are currently in court to clear their names on allegations bordering on forgery and bribery.

The controversy starterd last year after Matthew was arresetd by the police following a pettion by the president’s chief of staff who accused him of forging his appointment letter, deccribing him as a serial fraudster.

Matthew had fired back accusing Gbajabiamila of sending police after him after a deal between them broke down. The alleged deal, according to Matthew, is that he paid N400 million out of the agreed N600 million to the former Spekaer of the Hosue of Representatives, to secure the appointment, thoruh a proxy that has now died.

His refusal to pay the balance made him fell out with the embattled Chief of Staff, he stated.

He also accused Gbajabiamila of demanding 48 percent of the  N27.4 bn   take-off grant purportedly approved as the yearly budget for the agency.

In its reaction to the alleagtion, the Presidency has described the agency as ficticious, saying Matthew was opearting a non-existen agency.

The Presidency has also cleared Gbajabiamila of the alleagtions, in a letter issued on Wednesday by President Tinubu’s spokesperosn, Bayo Onanuga.

Meanwhile, Not a few Nigerians are calling out the Presidency over the issue, saying the allegations against Gbajabiamila are too strong to be swept under the carpet., calling for an independent probe of the matter.

Security Agents Intercept IED At Cross River Custodial Centre

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Police on Duty

By Ayodele Oni

 

There was an attempt to bomb a custodial centre in Ikot Ekpene, Cross River state but foiled by Security agencies.

 

This update was disclosed  at a joint security briefing organised by the Office of the National Security Adviser (ONSA) in Abuja.

 

NCoS spokesperson Jane Osuji disclosed that the service recorded zero prison breaks nationwide between January and June 2026.

 

She said “eagle-eyed officers” intercepted an IED at the Medium Security Custodial Centre, Ikot Ekpene, preventing what could have been a major security breach.

 

She also reported zero prison breaks, hundreds of repatriation, and the dismantling of an illegal arms factory in the first half of 2026.

 

According to her, intelligence-led operations also led to the arrest of six suspected traffickers attempting to smuggle prohibited items into custodial centres in Agodi, Kano, Ondo, Akure, Kaduna and Kuje.

 

“Routine searches recovered 1,167 contraband items, including 130 mobile phones, 2.5kg of Indian hemp, 268 illicit drugs, 41 MP3 speakers, 24 power banks and cash.”

 

Osuji revealed that 628 violent extremist offenders remain in lawful custody under enhanced monitoring. She added that 22 security infrastructure projects were completed or ongoing, while 27 personnel were sanctioned under a zero-tolerance policy.

 

“The recidivism rate dropped from 88% to 30% over three years, following vocational training, psychosocial support, and non-custodial measures. Nine inmates were granted parole for the first time under the system.

 

NIS spokesperson, Akinsola Akinlabi said the service repatriated 567 foreign nationals and rescued 563 victims of human trafficking between January and May

 

He said six foreign nationals were deported, including four linked to a visa racketeering syndicate and two who completed prison terms.

 

“Operatives also recovered 47 NIN cards from irregular migrants and apprehended 21 stowaways at seaports.

 

“NIS has deployed surveillance masts under the e-Border Solution and set up an Integrated Operating Centre to strengthen surveillance.”

 

NSCDC’s Babawale Afolabi announced that the corps arrested 220 suspects, dismantled an illegal arms factory in Yobe producing rifles for bandits, and intercepted counterfeit foreign currency worth N1 billion between January and June.

 

He said operatives recovered gun-making equipment and arrested one suspect.

 

“Court orders were also obtained to seal Inner Galaxy Steel Company and Jiuxing Integrity Industrial Ltd over alleged large-scale infrastructure vandalism.

 

“A cable theft syndicate was dismantled with 10 suspects arrested after a gun duel that left one suspect neutralised. 16 suspects were arrested for kidnapping, cattle rustling and illegal firearms possession, while 8 were apprehended for illegal mining.

 

“The Peace and Conflict Resolution Department handled 3,420 disputes between January and May, resolving 2,692.”

Nollywood Loses Another Actor, Baba Sodiq

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Baba Sadiq and Janmole

 

By Akinwale Kasali

 

The Nigerian Movie Industry, Nollywood, has once again lost one of its Actors, Baba Sodiq.

 

Baba Sodiq, popular in the Yoruba Industry of Nollywood, died exactly one month after the burial of his close friend and colleague, Janmole.

 

The heartbreaking development has left colleagues, fans and family members in shock, as many described the duo as inseparable brothers who shared a lifelong bond both on and off the screen.

 

Announcing the sad news in an emotional tribute shared on social media, filmmaker, Tunde Ola-Yusuff, who recalled the unique relationship between the two actors, noted that they grew up together, chose the same career path, hustled side by side and prayed together in pursuit of success.

 

According to him, Janmole was laid to rest just a month ago, during which Baba Sodiq was visibly active throughout the burial rites.

 

It is, however, sad that fate has now taken Baba Sodiq on the same journey of no return.

 

In a tribute to the late Baba Sodiq, Ola-Yusuff wrote, “You guys are brothers, you grew together, chose the same career, hustled together and prayed together to get to the top. Exactly a month ago, one was committed to mother earth amidst tears in Okeho. Baba Sodiq was active and visible at the burial of Janmole.

 

“Today, the second will be committed to the same land. Continue your brotherhood where it will never end. Rest in peace, Baba Sodiq”.

 

The sad news of his passing has, however, brought about an outpouring of grief across social media, with many Nollywood practitioners and fans expressing disbelief over the loss of two close friends within such a short period.

 

The cause of the death of the theatre practitioner remains unknown, for now.

 

His family is yet to announce his funeral arrangements.

Adire Not Approved Yet As NYSC Uniform, Just One Of The Fabrics Being Considered – Minister

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Ayodele Olawande - Minister of State for Youth Development

By Ayodele Oni

 

Minister of Youth Development, Ayodele Olawande, has clarified that no particular fabric has been approved as the new uniform for National Youth Service Corps (NYSC) members.

 

The minister issued the clarification in a Facebook post on Thursday following media reports that emerged after his appearance on Channels Television earlier on Thursday.

 

According to Olawande, his reference to Adire during the interview was merely to highlight one of several proposals being considered as part of the ongoing reforms of the NYSC scheme and not an announcement of its adoption.

 

“For the avoidance of doubt, yes, I mentioned Adire during the discussion. I also mentioned Ankara.

 

“My intention was simply to cite examples of some of the proposals that have been put forward in the course of our consultations.

 

“It was not an announcement that any particular fabric has been adopted or approved to replace the current NYSC uniform,” he said.

 

He stressed that no final decision had been taken on the fabric or design of a new uniform, noting that the government is evaluating different options based on professionalism, national identity, durability, functionality, cost-effectiveness and the promotion of national pride.

 

The minister added that any eventual decision would be reached after extensive stakeholder consultations and would be guided by what best serves the interests of the NYSC and the country.

 

Olawande urged Nigerians not to allow debates over the proposed uniform to overshadow the broader objectives of the ongoing NYSC reforms.

 

He explained that the reforms are aimed at making the scheme more relevant to current realities by improving the employability of corps members, promoting entrepreneurship, strengthening national integration, enhancing service delivery and ensuring a smoother transition from education to productive careers.

 

While acknowledging the public interest generated by discussions on the uniform, the minister assured Nigerians that every proposal under consideration would be carefully evaluated in the nation’s best interest.

ASUU Threatens To Shut Lagos Universities Over Non Implementation Of Agreement

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Lagos State University - LASU

By Akinwale Kasali

 

Lagos State Universities are set to be sanctioned by the Academic Staff Union of Universities, ASUU, as the institutions may be shutdown for failing to implement agreements reached by various parties.

 

The Universities are: Lagos State University, LASU, Lagos University of Education, LASUED, and Lagos State University of Science and Technology, LASUSTECH.

 

The aforementioned Universities owned by State Government may be plunged into another round of industrial crisis over the failure of the Government  to implement the 2025 Federal Government-ASUU Agreement.

 

The Lagos State Government is being accused of neglecting lecturers’ welfare, by refusing to implement the agreement six months after its signing, despite what it described as sustained engagements with government officials.

 

ASUU at a press conference held on Thursday at the Lagos State University of Science and Technology, LASUSTECH, said that the LASG has declared its readiness to support any action taken by its branches in the three institutions to compel the government to honour the agreement.

 

At the press briefing, ASUU Lagos Zone Coordinator, Adesola Nassir, said the continued delay had left lecturers feeling neglected, undervalued, and increasingly uncertain about the government’s commitment to their welfare.

 

He also questioned the government’s position, saying: “How can a government demand world-class university rankings while failing to create world-class conditions for academic work? How can excellence flourish where welfare remains uncertain? How can innovation thrive amid recurring industrial tension?”

 

It further argued that Lagos, which prides itself on being the “Centre of Excellence,” should not lag behind other states that have already begun implementing the agreement.

 

“No government can legitimately claim excellence while the intellectual workforce responsible for producing excellence experiences prolonged uncertainty over agreed welfare commitments,” Nassir said.

 

According to ASUU, the situation has already begun to affect staff morale and could ultimately result in declining academic standards, institutional instability and disruption of academic calendars.

 

“Where staff begins to feel despondent, as is now the case at LASU, LASUSTECH and LASUED, management of the system becomes problematic and this triggers institutional decline… inclusive of staff apathy, ethical drift, reduced graduate quality and eventually disruption in academic calendar,” he stated.

 

It, however, expressed concern over unresolved internal disputes at LASU and LASUED, including the dismissal of ASUU officials and the alleged victimisation of its branch chairperson at LASUED.

 

ASUU warned that the Lagos State Government would be responsible if the universities were forced to embark on industrial action.

 

“Government, not ASUU, should be held responsible if all universities belonging to Lagos State are thrown into avoidable crises or totally shut down on account of poor response of the Government to the concerns of our members,” Nassir declared.

 

The union urged Governor Babajide Sanwo-Olu to intervene urgently by concluding discussions with ASUU branches in the affected universities and implementing the 2025 agreement without further delay to avert what it described as a “brewing unrest” across Lagos State-owned universities.

NYSC Ditches Khaki Uniform For Adire

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NYSC - Corps Members

By Akinwale Kasali ‘

 

After over five decades of putting on the Khaki Uniform,  National Youth Service Corps Members are now to wear Nogeria’s Adire, popular, mostly, in the South-west in place of the usual Khaki uniform.

This was the decision of the Federal Government as part of the ongoing reforms aimed at repositioning the scheme.

 

The Minister of Youth Development, Ayodele Olawande disclosed this on Thursday during an interview on Channels Television’s The Morning Brief.

 

He said the move is intended to promote local manufacturing and ensure government spending supports the Nigerian economy.

 

“It’s Adire. So, Adire is being produced in Nigeria. We have them in Ogun, we have them in Kwara, we have textile industry. Let’s put our money back into the country,” he said.

 

Olawande also said corps members would increasingly be posted according to their fields of study under the new framework, explaining that graduates with education qualifications, for instance, would be deployed to schools rather than being posted without consideration for their professional backgrounds.

 

“After you are leaving the camp, you are not just posted to a school just because NYSC wants you to be in school but because of the process you followed when in camp. So, that is going to give a framework of where you are going to be posted to,” he said.

 

On security, the Minister said the government was considering posting prospective corps members to regions where they studied and were already familiar with the environment, particularly in areas facing security challenges.

 

He stated that arrangements is in top gear, as it would reduce concerns among parents and prospective corps members while making the deployment process more practical.

 

“If you have interest that you want to go to the North-East why not, but if you don’t have interest, instead of redeploying you, paying people for camp, doing all those funny things, we said no, let us look at it and say who are those in that area, that can reside in those geographical areas and still give us the kind of number we are looking for since we are saying NYSC should be more impactful. So, that is what we are talking about,” he said.

 

He, however, dismissed reports suggesting the military would be removed from the NYSC, describing such claims as a misconception.

 

The reforms followed the approval by the Federal Executive Council on Monday of a comprehensive overhaul of the NYSC, the first major reform of the scheme since its establishment in 1973.

 

Under the approved reforms, the Federal Executive Council directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and its regulations to accommodate the changes.

“We Struggle With Lawyers, Litigants To Board Okada” – Kwara Magistrates Lament Ordeal

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Governor AbdulRahman AbdulRazaq
Governor AbdulRahman AbdulRazaq of Kwara State

By Ayodele Oni 

 

Magistrates in Kwara State have revealed the humiliation, deprivation and neglect they suffer in the administration of Governor AbdulRahman AbdulRazaq.

 

They accuse the State Government of not taking care of them like other Judicial Officers.

 

According to the sources, judges of the superior courts, as well as top judicial administrators such as the Chief Registrar and Deputy Chief Registrar, have benefited from welfare improvements and vehicle allocations, while magistrates and Area Court judges continue to struggle.

 

“Most of us don’t own cars,” one of the magistrates said.

 

“Anytime the governor is distributing official vehicles, it is always judges of the High Court and other senior judicial officers that benefit. Magistrates are completely forgotten.”

 

Some of them who spoke accused the administration of subjecting them to poor welfare conditions, alleging that many of them earn less than N200,000 monthly and have been forced to rely on commercial motorcycles (Okada) as their primary means of transportation to court.

 

Two magistrates who spoke on condition of anonymity for fear of reprisals described their situation as “humiliating” and “degrading,” saying they have repeatedly been excluded whenever the state government distributes official vehicles to judicial officers.

 

The magistrates alleged that Grade Level 1 magistrates in the state earn less than N200,000 monthly, a salary they said is insufficient for a judicial officer expected to maintain the dignity of the bench.

 

“Because our salaries are not up to N200,000, how do you expect a magistrate to buy a car? We come to court on Okada every day. It is humiliating,” the source added.

 

The judicial officers lamented that the situation has become particularly embarrassing because litigants, lawyers and members of the public address them as “Your Worship” and “My Lord” during proceedings, only to see them afterwards struggling to secure commercial motorcycles for transportation.

 

“Imagine concluding proceedings where everyone stands and addresses you as ‘Your Worship,’ then immediately after court you are struggling to board an Okada with litigants and lawyers watching. 

 

“It diminishes the dignity of the office and affects our confidence and productivity,” another magistrate told SaharaReporters.

 

The magistrates pointed out that the welfare challenges are not limited to the magistrates, but also affect many Area Court judges across the state.

 

They argued that the neglect is particularly unfair because magistrates constitute the first point of contact for most Nigerians seeking justice and handle a substantial portion of criminal and civil cases in the state.

 

“We are the judicial officers closest to ordinary citizens. Sometimes a magistrate handles more than seven different matters in a single day, yet our welfare does not reflect the workload we carry,” one source said.

 

According to the sources, the financial hardship and lack of official transportation have increasingly affected morale among lower-court judicial officers.

 

They called on the Kwara State Government to urgently review the salaries and conditions of service of magistrates and Area Court judges, warning that continued neglect could undermine the efficiency and dignity of the state’s justice delivery system.

 

“We are not asking for luxury,” one of the magistrates said. “We are asking for conditions that allow judicial officers to perform their duties with dignity and independence.”

CBN Appoints NDIC To Liquidate 46 Microfinance Banks

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CBN Logo
Following the revocation of licences of some micro finance banks in the country, the apex bank has appointed the Nigeria Deposit Insurance Corporation, NDIC as the official liquidator.
The apex said its action is pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act 2023.
On Wednesday, the Nigerian apex bank revoked operating licenses of 46 Microfinance Banks (MfBs) over weak asset positions.
According to the CBN, the licences withdrawals took immediate effect, in line with CBN’s powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.
The withdrawal was contained in a statement issued by CBN Acting Director, Corporate Communications Department, Mrs. Sidi-Ali, Hakama , who said some of the affected banks were battling to meet customers’ cash demsnds.
She stated that some MFBs insufficient have also  closed their operations without the apex bank’s approval.
“The revocation was approved by the Governor of the Central Bank of Nigeria, Olayemi Cardoso, following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions,” the apex bank said in the statement.
The CBN said it remains committed to promoting a safe, sound and resilient financial system and will continue to take appropriate supervisory and regulatory actions, where necessary, to maintain public confidence in the Nigerian financial system.”
The affected MFBs include Merchant Microfinance Bank and Abia SME Microfinance Bank in Abia State, Janmaa Microfinance Bank in Kwara State, Busu Microfinance Bank and Bejin-Doko Microfinance Bank in Niger State, Gold Microfinance Bank, Chanelle Microfinance Bank, Safegate Microfinance Bank, and  Minji-Se Churchill Microfinance Bank in Rivers state.
Others are, Supreme Microfinance Bank, Creditville Microfinance Bank, MBAG Microfinance Bank, Verdant Microfinance Bank and Entrepreneur Microfinance Bank in Lagos State, Zain Microfinance Bank (formerly Dawakin Tofa Microfinance Bank), Bompai Microfinance Bank, Ajwa Microfinance Bank (formerly Gezawa Microfinance Bank), Now Now Digital Microfinance Bank, Minjibir Microfinance Bank.