Author: Adejuyigbe Francis

House Of Representatives Postpones Interactive Session With Rivers State Sole Administrator. The House of Representatives ad-hoc committee overseeing developments in Rivers State has postponed its scheduled interactive session with the Sole Administrator of the state, Retired Vice Admiral Ibok-Ete Ibas. The session, which was initially slated for Thursday, was intended to allow for a comprehensive engagement with Ibas following the declaration of emergency rule in Rivers State by President Bola Tinubu. According to the News Agency of Nigeria (NAN), the indefinite postponement of the session was confirmed in a statement issued on Thursday by the House Spokesperson, Honourable…

EFCC Questions Delta State Acting Accountant General And Deputy over Alleged N1.3 Trillion Misappropriation. Operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly questioned the acting Accountant General of Delta State, Vincent Okubor, along with his deputy, in connection with the alleged misappropriation of N1.3 trillion during the administration of former Governor Ifeanyi Okowa. This latest development is part of a broader investigation by the anti-graft agency, which had earlier arrested former Governor Ifeanyi Okowa—who was the vice-presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections—as well as the immediate past Accountant General,…

IMF Warns Trade War Threatens Global Growth And Fuels Inflation. The International Monetary Fund (IMF) has issued a stark warning that rising global protectionism, spearheaded by President Donald Trump’s trade policies, is likely to weaken global economic growth and push inflation higher in the months ahead. Speaking ahead of the IMF and World Bank spring meetings in Washington, IMF Managing Director Kristalina Georgieva revealed that the Fund’s latest projections, due for release next week, will show a marked slowdown in global output, though not yet a recession. “Our new growth projections will include notable markdowns, but not recession,”…

Nigerian Army Set To Appoint First Female Acting Director of Public Relations. The Nigerian Army is poised to make history with the appointment of Lieutenant Colonel Appolonia Anaele as the first female Acting Director of Army Public Relations. According to The Guardian, the groundbreaking appointment will take effect from 22 April 2025. Lieutenant Colonel Anaele will assume the role following the departure of the outgoing Director, Major General Onyema Nwachukwu, shortly after the Easter break. Major General Nwachukwu, who has served as the Army’s image maker under three different Chiefs of Army Staff—Lt. Gen. Faruk Yahaya (Rtd), the late…

Army Urges More South-East Youths To Participate In Ongoing Recruitment Exercise Following Low Turnout In Registration. The Nigerian Army has raised concern over the low number of applicants from the South-East in its ongoing recruitment exercise, revealing that only 200 youths from the region have registered so far. This was disclosed by Brigadier-General Chima Ekeator, leader of the Army Force Headquarters Recruitment Sensitisation Team, during a sensitisation programme held for youth leaders and President-Generals (P-Gs) of various communities in Anambra State. According to Ekeator, the figure falls far below expectations, especially when compared with other regions where individual…

Court Orders Forfeiture Of £5m In Shares And Funds Linked To LivingTrust Mortgage Bank Plc And Its subsidiaries Over Ponzi Scheme Scandal. In a significant victory for victims of financial fraud, Justice F. N. Ogazi of the Federal High Court in Ikoyi, Lagos, on Tuesday, 15 April 2025, ordered the final forfeiture of assets worth over N6.7 billion (£5 million) linked to a Ponzi scheme operated by Cititrust Holdings Plc and its subsidiaries. The ruling marks a major step in addressing fraudulent financial practices in Nigeria. The court’s decision includes the forfeiture of 2,041,087,747 shares of Livingtrust Mortgage Bank…

Nigeria Slashes Electricity Subsidies By 35% With Tariff Reform, Easing Financial Strain. Nigeria has achieved a remarkable 35% reduction in electricity subsidies following a targeted tariff increase implemented last year, Power Minister Adebayo Adelabu announced on Thursday, 17 April 2025. The reform has alleviated significant pressure on public finances in Africa’s most populous nation, marking a step forward in addressing the country’s chronic power sector challenges. Speaking at a press briefing in Abuja, Adelabu revealed that the tariff adjustment, which eliminated subsidies for the 15% of customers classified as heavier users—such as households and businesses with high electricity consumption—has…

Viral Kid In Peter Obi’s Campaign Picture Released From Prison Following False Crime Charges Levelled Against Him. A 17-year-old teenager, Quadri Yusuf Alabi, who gained public attention in 2023 for standing in front of Labour Party presidential candidate Peter Obi’s convoy, has been released from Kirikiri Medium Security Custodial Centre, his lawyer announced on 17 April 2025. The release follows months of detention on what his legal team described as a fabricated armed robbery charge orchestrated by officers at Amukoko Divisional Police Headquarters in Lagos. According to a statement by Quadri’s lead counsel, Inibehe Effiong, the teenager was…

Harrowing Attack On Adventist Students In Ondo State: One Shot, Ten Kidnapped. A group of students from the Adventist Students Fellowship, Port-Harcourt Zone, a student branch of the Seventh-Day Adventist Church, faced a terrifying ordeal yesterday when they were ambushed by armed men in Ondo State. The students, who were travelling to a conference at Babcock University in Ogun State, were attacked on the Benin-Ore expressway, a route notorious for criminal activity. According to reports, one student was shot in the back during the violent assault and is receiving urgent medical attention. Approximately ten others were abducted by the…

Virgil Van Dijk Signs New Two-Year Contract With Liverpool, Becoming Europe’s Highest-Paid Defender. Liverpool Football Club have secured the future of their talismanic captain, Virgil van Dijk, with the announcement of a new two-year contract that will keep the Dutch defender at Anfield until June 2027. The deal, confirmed by reliable sources including The Athletic, ensures the 33-year-old remains one of the club’s cornerstone players, with no break or release clauses included and his lucrative salary—believed to be around £400,000 per week—maintained, making him Europe’s highest-paid defender. The agreement comes as a significant boost for Liverpool fans, who have…

INTERPOL Joins EFCC In Investigating $847m CBEX Investment Fraud. The Economic and Financial Crimes Commission (EFCC) has launched a full-scale investigation into an alleged $847 million fraud involving CryptoBank Exchange (CBEX), a digital investment platform that has reportedly defrauded thousands of Nigerians. CBEX, which was said to be operated by a group of foreign nationals in collaboration with local partners, abruptly shut down operations earlier this week, leaving investors stranded and unable to access their funds. Many users claimed they were asked to make additional deposits before they could withdraw existing balances. Speaking in Abuja on Tuesday, EFCC…

Federal Government And World Bank Partner On $17 Billion Programme To Reduce Poverty In Nigeria. The Federal Government of Nigeria has forged a renewed partnership with the World Bank aimed at reducing poverty and improving the living standards of the country’s most vulnerable populations. This collaborative effort, valued at over $17 billion, will be channelled through various social investment programmes. This development was disclosed by the World Bank’s Regional Vice President for Western and Central Africa, Ousmane Diagana, during a high-level meeting in Abuja with Nigeria’s Minister of Humanitarian Affairs and Poverty Reduction, Professor Yilwatda Nentawe, and his Minister…