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Osun 2026: “I Have No Fears, My People Love Me”

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Governor Ademola Adeleke
Governor Ademola Adeleke

By Adesina Soyooye

Osun State Governor, Senator Ademola Adeleke says he is optimistic he will be re-elected Governor for a second term in office. “I have no fears. I am not scared. My people  love me”, the Governor said after his screening by a panel in Abuja as an aspirant to the office for a second term.

The election for his second term in office is scheduled for 2026.

Given his stellar performance so far, attested to by most people, the Governor said his achievements and goodwill will propel his re-election and enhance his already bright chances.

Adeleke: “I’m so confident I’m going to win. If I could defeat an incumbent, why not now that I’m the governor. What we have done within two years is unprecedented; what we have achieved.

“I’m so confident that nobody can beat us. I have confidence that the federal might would not influence the outcome of the election because I am popular and the people of the state have much love for me.

“How can I be scared? I’m too popular! Anywhere I go, people love me, and everybody says, ‘Imole.’

“What are you talking about? Anywhere I go, throughout this country, even among the All Progressives Congress (APC) people, I have some friends, as well as in other parties.

“Just take APC as a case study. Anytime they’re having a party or an event, I’ll go there, I’ll take over, and they all love me.

“If you are not performing, that’s when you’ll be scared. When you have your people behind you, you don’t have to fear.”

He said that he was optimistic that President Bola Tinubu would not dabble in the state election. “The President is our father, he would rather ensure a free, fair and credible election.”

Adebayo Adepoju, the Chairman of the Osun State PDP Governorship Screening Committee, said the  screening exercise was smooth.

His words: “We have gone through all his credentials to ascertain that everything was in order. We had done that even before he arrived; he had submitted his documents on time.

“We went through his forms, his nomination forms, and we also noticed that he was nominated by very highly placed people as well as ordinary people in Osun communities.

“This just shows that he is very well accepted all around the party. We went through other credentials besides academic ones that he had submitted, and everything was very, very satisfactory to us.

“When he came in, we asked him a few questions, and all his answers matched what he had submitted.”

The committee will submit its report to the party at the end of the entire exercise. Other aspirants are also expected to appear before the panel.

Zenith Bank Gross Earnings Hit N3.4trn, Q3 PBT Remains Robust @ N917.4bn

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Adaora Umeoji - Zenith Bank Female GMD
Zenith Bank Plc has released its unaudited financial results for the nine months ended 30 September 2025, with a remarkable 16% year-on-year growth in gross earnings from N2.9 trillion recorded in Q3 2024 to N3.4 trillion in Q3 2025. The Group’s performance continues to demonstrate resilience, strong momentum, disciplined execution and an ability to deliver long-term shareholder value in spite of challenging macroeconomic environment.
According to the financial results presented to the Nigerian Exchange, NGX,  the growth in gross earnings was driven by a sustained growth in interest income which grew by 41% year-on-year to N2.7 trillion. The growth in interest income was supported by a high-yield rate environment and an expansion in the Bank’s investment portfolio. Despite the increase in interest expense by 22 percent  to N814 billion on the back of a tightening monetary cycle and a growth in the Bank’s funding base, the Bank was able to achieve a healthy Net Interest Margin (NIM) of 12%l percent as against 10 percent in September 2024. Non-interest income declined by 38 percent to N535 billion, underpinned by a 60 percent decline in trading gains.
Profitability remained strong, with profit before tax at N917 billion as against N1.00 trillion reported in September 2024. Profit after tax also declined by eight percent  to N764 billion and Earnings Per Share (EPS) came in at N18.60 as against N26.34 in September 2024, as the Bank took bold measures to improve the quality of its loan portfolio.
The Bank’s total assets grew by four percent from N30 trillion in December 2024 to N31 trillion as at September 2025. This was largely supported by customer deposits, which rose by eight percent to N23.7 trillion within the same period. Gross loans declined by nine percent to N10 trillion as at September 2025, while Non-Performing Loan (NPL) ratio improved to three percent due to the write-off of non-performing loans.
Return on Average Equity (ROAE) and Return on Average Assets (ROAA) stood at 23.3 percent and 3.3 percent respectively. Cost of funds increased to 4.5 percent, underscored by the broader elevated interest rate environment. The Group’s cost of risk stood at 10% while cost-to-income ratio rose to 45 percent.
Coverage ratio and liquidity ratio remain solid and well within regulatory limits at 211.1 percent and 53 percent respectively. This highlights the Bank’s strong capital position and liquidity profile as well as its ability to fund strategic growth opportunities. It also reflects its unwavering commitment to a prudent risk management, compliance and corporate governance culture.
Commenting on the results, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said: “the Bank’s robust performance is an attestation to the resilience of the Zenith brand, result-driven strategy, and the adaptability of our people in an evolving operating environment. We have fortified our capital base, reset our asset quality, and are well positioned for sustainable and profitable growth”.
Looking to Q4 2025, Dame Dr. Umeoji reinforced her optimistic outlook: “This result confirms the resilience of both our business model and our people. We’re on a solid growth path that we expect to maintain through the remainder of the year. Our focus on innovation, digital transformation, and developing solutions that address our clients’ changing needs positions us to capitalise on emerging opportunities whilst maintaining our disciplined approach to growth.” She assured shareholders that the robust performance, combined with improved asset quality and the Bank’s strong capital base, positions Zenith Bank to deliver exceptional returns with expectations of sustained value creation. “We’re well placed to sustain this momentum whilst maintaining responsible leadership in the Nigerian banking industry and delivering exceptional value to all our stakeholders.”
The Bank’s track record of excellent performance has continued to earn the brand numerous awards, including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker and “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.
Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence led to Zenith being also being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and 2024 to 2025. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.
Zenith Bank has also bagged several non-financial awards including, Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.

PDP SE Lawmakers To Boycott Convention Over Office Of Woman Leader

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Hon Ikenga Imo Ugochinyere

By Adesina Soyooye

The, almost, casket-ready Peoples Democratic Party, PDP, seems ready for the mortuary if South-east Federal Lawmakers carry out their threat of boycotting the now threatened National Convention of the Party whenever it will hold.

On Friday, October 31, the Party was hit by a double whammy. First a Federal High Court in Abuja put a stop to its much hyped National Convention scheduled for Ibadan in November when it asked the Independent National Electoral Commission, INEC, to throw any outcome of the Convention into the dustbin and asked that the PDP puts its house in order and adhere to its Constitution.

As if that was not enough, the Party which is almost wiped off the face of the Southeast zone got another jolt from its remaining Federal Lawmakers from the Zone.

In a statement, the Federal Lawmakers, led by Ugochinyere Ikenga Imo, the Lawmaker representing Ideato North/South Federal Constituency, Imo State are threatening to boycott the Convention.

Why? The Lawmakers say it is over the zoning of the National Women Leader of the Party.

According to them, the office was zoned to the Southeast and was appropriated by the Enugu State Governor, Peter Mbah to his State.

However, a couple of weeks ago, Mbah dumped the Party for the All Progressives Congress, APC, meaning that Enugu has lost the slot. However, the Lawmakers argue that the fact that Mbah has left the Party does not mean that the office has been re-zoned to another Zone. They say that the plan to zone it to the South-south is a no-no. They accuse the Governor of Oyo State, Seyi Makinde of being the mastermind of the plan to re-zone the office to the South-south. They are insisting that Imo State takes the slot and threaten that if it is eventually zoned out of the SE, they will boycott the forthcoming Convention.

They insist that the attempt to take the office away from the zone is a well calculated plot to humiliate and alienate the South-east within the party.

They, therefore,  warned that the PDP will face  further internal disunity and mass defections if the  plan is not reversed before the screening exercise scheduled to take place soon.

Speaking on behalf of the Lawmakers in Abuja, Ugochinyere said  Imo State is expected to produce the next National Woman Leader.

He added that the current Southeast Zonal Woman Leader, Ifeyinwa Arodiogbu, was fully backed by PDP stakeholders in the region to clinch the position before Governor Peter Mbah of Enugu, now in the All Progressives Congress, APC,  influenced the zoning to his state.

Mbah’s defection  to the APC, he pointed out,  has rendered the earlier arrangement invalid, thus giving  Imo State a legitimate claim to the office.

He warned that the lawmakers would issue a disclaimer against the convention in two weeks and would boycott the Convention if Imo State and the Southeast are humiliated.

He, also assured  that no elected lawmaker from the region would remain in the PDP if the office is not returned to the South-east.

He said: “We dont want to see PDP suffer more setbacks. Still, we will stick to our position on the Ibadan convention if, in the next few weeks, the position of National Woman Leader is not ceded expressly to Imo State and an Imo person is allowed to emerge.

“Now that Governor Mbah has left for APC, that earlier arrangement of producing a Woman Leader is not going to stand because Gov. Mbah’s Woman Leader nominee is also in APC with him.

“This brings back a chance for the injustice to be addressed and for Imo State to produce the National Woman Leader.”

Ugochinyere further said that if the zoning is not rectified,  it will provoke the  Southeast and alienate them.

He warned: “This will compound the ongoing confusion we already have in the PDP. If the remaining stakeholders from the Southeast boycott the convention, they are going to bring the party into more crisis.

“If this injustice is allowed to stand, no elected Lawmaker from the Southeast will remain in the PDP. We will also issue a disclaimer against the convention.”

Finally, the lawmakers appealed to Governor Makinde and Osun State Governor, Ademola Adeleke, to intervene.

Court Restraints INEC From Recognizing Outcome of PDP Planned 2025 National Convention

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Peoples Democratic Party - PDP

By Ayodele Oni

The November National Convention of the People’s Democratic Party (PDP), scheduled for Ibadan, Oyo state may be an exercise in futility as a Court issued an order against it.

A Federal High Court in Abuja, on Friday, restrained the Independent National Electoral Commission (INEC) from recognizing the outcome of the National Convention.

Justice James Omotosho issued the order while delivering judgment in a suit challenging the legality of the convention.

The Judge predicated the decision on the grounds that the PDP failed to comply with relevant conditions and laws for the conduct of such Conventions.

The Judge held that evidence from the electoral umpire and some of the respondents showed that congresses were not held in some states of the Federation in breach of the law.

In addition, the Court held that the signing of notices and correspondence of the PDP by its National Chairman without the National Secretary, violated the law and consequently made such notices and correspondences a nullity.

Besides, Omotosho held that the PDP failed to issue the mandatory 21 days notice of meetings and congresses to enable INEC carry out its mandatory duty of monitoring such meetings and congresses.

Justice Omotosho held that the failure of the PDP to comply with the law has put the planned convention in jeopardy, and subsequently advised the PDP to do the necessary before going ahead with the election.

He, therefore, restrained INEC from receiving, publishing or recognizing the outcome of the convention slated for Ibadan, until the law has been complied with.

Court Sacks Zamfara Lawmaker For Dumping PDP For APC, Orders Fresh Election

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Abubakar Gummi

By Akinwale Kasali

Hon. Abubakar Gummi, representing Gummi/Bukkuyum Federal Constituency of Zamfara State in the House of Representatives has been sacked by the Federal High Court in Abuja for defecting from the Peoples Democratic Party, PDP, to the All Progressives Congress, APC.

Justice Obiora Egwuatu, who delivered the judgment restrained the Speaker of the House of Representatives, Tajudeen Abbas, from further recognising Gummi as a member representing Gummi/ Bukkuyum Federal Constituency.

Justice Egwuatu further made an order directing the Independent National Electoral Commission, INEC, to conduct a fresh election to fill the vacancy for the constituency within 30 days from the day of the judgement.

Justice Egwuatu consequently awarded a fine of N500,000 in favour of the plaintiffs and against the defendants.

The suit marked FHC/ABJ/CS/1803/2024 was filed by the PDP and the Party’s Chairman in Zamfara State, Jamilu Jibomagayaki, as first and second plaintiffs.

The duo, in the originating summons dated November 28 but filed November 29, 2024, by Ibrahim Bawa, a Senior AdvocateofNigeria,  SAN, sued Gummi, Speaker of the House of Representatives, and INEC as first to third defendants, respectively.

The plaintiffs had set out four questions for determination and sought nine reliefs for determination.

They asked whether having regard to the provision of Section 68 (1) (9) of the 1999 Constitution (as amended), it was not unconstitutional for Gummi to retain his seat as member in the House.

They said the lawmaker defected from PDP which sponsored him for the election to Gummi/Bukkuyum Federal Constituency to APC, when there was no division in the party, among other questions.

One of the reliefs sought was a declaration that it was unconstitutional for the Speaker to refuse/fail to declare Gummi’s seat vacant.

Alleged Coup Plot: Presidency Warns Against Unsubstantiated Reports

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Bayo Onanuga

By Adesina Soyooye

Just as the Media is awash with many angles of an alleged aborted Coup Plot, the Nigerian Presidency has warned that the media reports alleging a military coup plot are hurting the Country’s economy and scaring potential foreign investors.

Bayo Onanuga, Presidential  Adviser on Information and Strategy has emphasised that unverified reports about national security undermine investor- confidence and damage the country’s image globally.

Onanuga, speaking during an interview on Arise News’ Prime Time on Thursday night, October 30, noted:

“When a country is looking for investment and the media are shouting ‘coup attempt,’ it scares investors away.

“Stories like that can destroy the country’s reputation and economy. We need to wait for facts, evidence, not rumours.”

Onanuga, therefore, appealed to journalists and the general public to calm down and allow security agencies to conclude their investigations before pushing sensitive narratives.

Onanuga, of course, acknowledged that the military has confirmed the arrest of certain individuals but stressed that there is no credible evidence yet linking the development to a coup attempt.

“Leaping to conclusions before official confirmation portends grave consequences for the nation,” Onanuga warned.

He also condemned what he saw as a large appetite for sensationalism and online traffic, and stressed that not every piece of information is suitable for publication.

Onanuga: “Some media outlets ran with the story for clicks and attention. But as patriotic Nigerians, we must know that what we report has implications for our economy and stability.

“It’s true people don’t always trust government, that happens everywhere. But the media also have a social responsibility to be cautious and wait for facts.”

Onanuga’s warning follows reports that some military officers were planning to violently sack the democratic government of President Bola Tinubu.

However, the Defence Headquarters Spokesperson,

Brigadier-General Tukur Gusau, Director of Defence Information, said the arrests are  internal disciplinary issues, and not  signs of political interference.

The publications, the Military  said, are “intended to cause unnecessary tension and distrust among the populace.”

Forged Certificates Of Kogi Poly In Circulation, Nine Suspects Under Investigation

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Prof Salisu Ogbo

By Ayodele Oni

Not less than 30 forged certificates of the Kogi State Polytechnic are now in circulation and this has prompted  investigation of a syndicate of nine suspects including lecturers and students for alleged certificate racketeering and document falsification.

The Rector of the Polytechnic, Prof Salisu Ogbo, made this known while addressing a news conference on Friday in Lokoja, Kogi State capital.

The rector said five of the institution’s staff members had already been placed on suspension, while four acclaimed students were arrested over certificate forgery and document falsification syndicate.

“Only recently, the management uncovered the syndicate involving some students, non-students, and a few dishonest staff members accused of manipulating academic records in clear disregard of due process and institutional values.

“We have discovered 30 forged original certificates reportedly sold out to prospective buyers.

“The suspects forged National Diploma (ND) results in the name of Kogi State Polytechnic and had the temerity to apply for Higher National Diploma (HND) admission in the same institution using the forged ND results,” he said.

According to him, the fraud was uncovered following intelligence reports and routine verification exercises carried out by the Admission, ICT, and Security Units of the institution.

“These individuals compromised our security arrangements and tampered with the security features on our Statements of Result.”

Ogbo said that they colluded with result processors to prepare results for individuals who had multiple carryovers, but refused to sit for their examinations, thereby falsely portraying them as graduates.

“Such criminal acts represent an assault on the credibility and reputation of our institution, and they cannot be allowed to go unpunished.”

The rector assured the general public, stakeholders, and the polytechnic community that the institution’s quality assurance measures and security mechanisms remain fully active and uncompromised.

”We will not relent in our effort to expose and eliminate all forms of misconduct that are capable of denting the hard-earned reputation of Kogi state Polytechnic, Lokoja.”

GTCO “Seeing Steady, Sustainable Growth”- Agbaje: Posts N901bn Q3 PBT

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The Group Managing Director, Guaranty Trust Holding Company, GTCO Plc Segun Agbaje says the financial services company has witnessed  sustained growth in all its banking and non-banking businesses due to disciplined and focus operational efficiency.

The Group’s chief executive made the assertion  while commenting on the release of  its Unaudited Consolidated and Separate Financial Statements, for the third Quarter ending as September 30, 2025, to the Nigerian Exchange Group, NGX and London Stock Exchange, LSE.

According to the statement, the Group posted Profit Before Tax, PBT of N900.8 billion while its total assets and shareholders’ funds closed at N16.7 trillion and N3.3 trillion, respectively.

In spite of its performance in all key metrics, Agbaje said the company remained focused in driving future growth through innovation, operational excellence and remained customer focused.

He said: “Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem. We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency. The improvements we have made to our digital and payments infrastructure are enhancing customer experience, deepening engagement, and driving greater integration across our ecosystem.

“Looking ahead, our focus remains on advancing our competitive edge through innovation, operational excellence, and a commitment to superior customer outcomes.”

Further details provided in the statement indicate that the company’s Capital Adequacy Ratio, CAR  remained strong closing at 36.5 percent, while Cost of Risk ,COR stood at  2.2 percent from 4.9 percent  in December 2024.

Instructively, the Group’s loan book (net) grew by 16.5 percent from N2.79 trillion as of December 2024 to N3.24 trillion in September 2025, while deposit liabilities grew by 16 percent from N10.40 trillion to N12 trillion during the same period.

Meanwhile, analysts in the sector insist that the Group’s has shown resilience in the face of the economic headwinds, as it remains strong and very robust in a key metrics.

Ponzi Scheme Operators Defraud Nigerians Over N300bn- SEC

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MMM

The Securities and Exchange Commission, SEC, says Nigerians often fall  victims of Ponzi Schemes because of their quest to get rich as soon as possible.

As a result, some Nigerians have lost close to N316 billion to these fraud schemes over the years, even as lessons are hardly learned from them, SEC said during a training programme for journalists in Abuja, the nation’s capital.

According to AbdulRasheed Dan-Abu, the Head of FinTech and Innovation Department at the Commission, greed and ignorance have played a major role for Nigerians who lost their hard earned income to Ponzi Scheme operators, saying those who participate in the fraudulent investment were unaware that operators pay returns to old investors from money collected from new investors, saying it’s not a genuine investment.

“These schemes are not really doing anything. They are just collecting people’s money and using it to pay the initial investors. At some point, when there are no new investors, the whole thing crashes and the operators disappear,” he said.

“Everybody just wants to get rich today. That is actually what makes people fall into this trap,’ he noted. ‘Even the people who are greedy now are more educated than those who experienced Charles Ponzi’s first scheme. Education has not stopped greed.”

He explained that some Ponzi Scheme operators such as MMM and New Nation had cashed on the ignorance and greed of many Nigerians to defraud them.

In spite of their huge loss to these evil schemes, he stated that many Nigerians have yet to learn their lessons. In the case of New Nation, he explained over 155,000 rural women were defrauded.

“Even after MMM shut down, they came back and told people that if you pay a certain amount, you will get access to your lost money. People still paid. That shows you how greed blinds people.”

The magazine reported that after MMM collapsed last year, not a few Nigerians who lost money in the schemes committed suicide because they could not withstand the huge loss they suffered.

New COAS Shakes-up Army, Appoints Senior Officers to Strategic Commands and Staff Roles

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Lieutenant General Waidi Shaibu

By Adesina Soyooye

Less than 24 hours after he was decorated with a new rank and sworn-in as the Chief of Army Staff, Lieutenant General Waidi Shaibu, has shaken-up the Army.

In the shake-up, the new Army Chief appointed senior officers to Strategic Commands and Staff roles.

The shake-up, of course, was expected as in an unwritten policy, all officers senior in rank and/or Course to the new COAS will retire.

The announcement was made of the shake-up was made in a statement signed by Lieutenant Colonel Appolonia Anele, Acting Director of Army Public Relation.

The appointments, she noted, reflect the COAS’s commitment to reinvigorating leadership and enhancing professionalism within the ranks.

The newly appointed officers include: Major General Bamidele Alabi now serves as Chief of Policy and Plans (Army), while Major General Jamal Abdulsalam moves to the Defence Headquarters as Chief of Defence Operations. Major General Peter Mala has been appointed Commander, Training and Doctrine Command (TRADOC), and Major General Samson Jiya becomes Chief of Defence Accounts and Budget.

They, also, include Major General Mayirenso Saraso as Chief of Operations (Army), Major General Isa Abdullahi as Chief of Administration (Army), and Major General Musa Etsu-Ndagi as Chief of Civil-Military Affairs. Major General Abubakar Haruna assumes command at the Nigerian Army Training Centre (NATRAC) Kontagora, while Major General Philip Ilodibia takes charge as Chief of Defence Space Administration.

At the Corps level, Major General Godwin Mutkut has been appointed Corps Commander Infantry, Major General Umar Abubakar as Commander Armour Corps, Major General John Adeyemo as Corps Commander Artillery, and Major General Mohammed Abdullahi as Corps Commander Signals.

In addition, Major General Taofik Sidick is now Chief of Accounts and Budget (Army), Major General Abdullahi Ibrahim becomes Corps Commander Ordnance, and Major General Adeyinka Adereti assumes command of the Electrical and Mechanical Engineers. Major General Nansak Shagaya now leads the Corps of Supply and Transport, while Brigadier General Yusha’u Ahmed takes charge as Acting Corps Commander Education.

Other appointments are: Major General Oluyemi Olatoye named Commandant of the Nigerian Defence Academy (NDA), Major General Emmanuel Mustapha as Commandant, Nigerian Army Signal School, and Major General Adamu Hassan as Commandant, Nigerian Army School of Artillery. Brigadier General John Bulus was also appointed Commandant, Nigerian Army School of Finance and Accounts.

In the field, Major General Saidu Audu takes over as Force Commander, Multi-National Joint Task Force (MNJTF) N’Djamena; Major General Warrah Idris takes over command of the Joint Task Force North West OperationFANSAN YAMMA; and Major General Oluremi Fadairo becomes General Officer Commanding 82 Division and Commander, Joint Task Force South East OperationUDO KA.

Major General Olatokumbo Bello was appointed Director of Defence Media Operations, while Brigadier General Samaila Uba becomes Director of Defence Information at the Defence Headquarters.