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Benue massacre: Gov Alia’s PSA sacks Chief of Staff, CPS for joining protest
Principal Special Assistant to the governor of Benue State on Youth and Media Mobilization, Hon. Atu Terver Joseph has sacked his Chief of Staff and Chief Press Secretary, Mr. John Ukeyima and Mr Lubem Terkula, respectively, for protesting the wanton killings going on in the state. Terver made the disclosure on Sunday night in a
Benue massacre: Gov Alia’s PSA sacks Chief of Staff, CPS for joining protest
Principal Special Assistant to the governor of Benue State on Youth and Media Mobilization, Hon. Atu Terver Joseph has sacked his Chief of Staff and Chief Press Secretary, Mr. John Ukeyima and Mr Lubem Terkula, respectively, for protesting the wanton killings going on in the state.
Terver made the disclosure on Sunday night in a letter addressed to the two aides, accusing them of working against the state government.
The letter reads, “This letter serves as formal notification of your immediate and indefinite suspensions from your position as Chief of Staff and Chief press secretary, effective today, June 14, 2025.
“This decision has been made due to your actions that have been deemed as working against the explicit directives of your Principal.
“Such conduct is a serious breach of your duties and the trust placed in your office.
“During the period of this indefinite suspension, you are to refrain from all official duties and responsibilities, and you are not permitted to represent this office or me in any capacity”.
DAILY POST reports that hundreds of Benue youths staged a protest in Makurdi the state capital on Sunday to draw global attention to the incessant and deadly attacks by suspected Fulani herdsmen.
The protest was triggered by the recent attack in Yelewata community, Guma Local Government Area of the state where nearly 250 people were killed.
Benue massacre: Gov Alia’s PSA sacks Chief of Staff, CPS for joining protest
Kwara CP assures cordial relationship with media
Adekimi Ojo, Commissioner of Police in Kwara State, has assured of cordial relationship with working journalists in the state. He gave the assurance at an interactive session with journalists held at the police officers mess in Ilorin on Sunday. Ojo also pledged a seamless channel of communication between the media and the police command in the
Kwara CP assures cordial relationship with media
Adekimi Ojo, Commissioner of Police in Kwara State, has assured of cordial relationship with working journalists in the state.
He gave the assurance at an interactive session with journalists held at the police officers mess in Ilorin on Sunday.
Ojo also pledged a seamless channel of communication between the media and the police command in the effort to ensure free flow of information for journalists as the link between the police and the community.
Responding to issues raised by journalists at the session, the commissioner disclosed that the X- squad of the police command would be rejuvenated to monitor the conduct of officers and men of the command.
He explained that the parade of suspects by the police had been stopped in accordance with the directive of the Inspector General of Police, because, “they are assumed to be innocent until convicted by the law courts.”
Ojo urged the media to support the police in carrying out their constitutional responsibilities, asserting that the achievements of the command could only be relayed through the media to the public.
In attendance were top police officers and Divisional Police Officers, DPOs.
Kwara CP assures cordial relationship with media
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Dangote Fulfills Pledge to ‘Shakedown’ Downstream Sector, Set to Begin Fuel Distribution Nationwide
Dangote Fulfills Pledge to ‘Shakedown’ Downstream Sector, Set to Begin Fuel Distribution Nationwide
*Deploys 4,000 CNG tankers to enhance operation
*Says offer open to marketers, petrol dealers, others
Emmanuel Addeh in Abuja and Peter Uzoho in Lagos
Africa’s richest man, Aliko Dangote yesterday fulfilled a promise to significantly ‘shakedown’ the downstream petroleum sector, with the company announcing that the 650,000 barrels per day Dangote Petroleum Refinery will commence direct distribution of fuel nationwide from August.
Chairman of the Dangote Group had last week pledged to President Bola Tinubu and Nigerians that there will be a major overhaul of the downstream sector, following the visit of the Nigerian leader to the $20 billion facility located in Lagos.
“Now that the President has visited and he has given us additional energy, we will inform you, you will hear from us soon, and that will be one of the major shakedowns in the entire country. It is not the reduction of price, it will be the total overhaul of the downstream,” he stated.
In a statement, the company stated that effective August 15, 2025, it would begin the distribution of Premium Motor Spirit (PMS) commonly known as petrol, and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country. The company said the arrangement comes with free logistics to boost the distribution network.
To ensure smooth take-off of the scheme, Dangote Refinery said it had invested in the procurement of 4,000 brand-new Compressed Natural Gas (CNG) powered tankers. It said that this phase of the programme would continue over an extended timeframe.
According to the statement, the refinery is also investing in CNG stations, commonly referred to as daughter booster stations, supported by a fleet of over 100 CNG tankers across the country to ensure seamless product distribution.
“This strategic programme is part of our broader commitment to eliminating logistics costs, enhancing energy efficiency, promoting sustainability, and supporting Nigeria’s economic development. It affirms our dedication to improving the availability and affordability of fuel, in support of broader efforts to strengthen the economy and improve the wellbeing of all Nigerians.
“Under this initiative, all petrol stations purchasing PMS and diesel from the Dangote Petroleum Refinery will benefit from this enhanced logistics support. Key sectors such as manufacturing, telecommunications, and others will also gain from this transformative initiative, as reduced fuel costs will contribute to lower production costs, reduced inflation, and foster economic growth. Players in these key sectors and others can purchase directly from the Dangote Petroleum Refinery.
“In addition, the refinery will offer a credit facility to those purchasing a minimum of 500,000 litres—allowing them to obtain an additional 500,000 litres on credit for two weeks, under bank guarantee. This pioneering effort marks a major milestone in our vision to revolutionise Nigeria’s energy sector,” the company added.
Stressing that it was dedicated to ensuring that no place was left behind, it pointed out that “Our goal is to provide equitable access to affordable fuel for all Nigerians, regardless of location, making energy more accessible and sustainable for everyone, wherever they may be.”
The company said the move was expected to revitalise previously inactive petrol stations, thereby driving job creation, stimulating small and medium-sized enterprises (SMEs), increasing government revenue, improving fuel access in rural and underserved communities, and strengthening investor confidence in Nigeria’s downstream petroleum sector.
It added that the initiative was inline with the Renewed Hope Agenda of President Bola Tinubu, reflecting the company’s shared commitment to economic progress, stability, and inclusive development.
“We sincerely thank the federal government for its continued support, especially through the Naira-for-Crude scheme, which has helped stabilise fuel supply amid global price volatility. It marks a major revolution in the midstream and downstream sectors and stands as a key example of President Bola Tinubu’s bold and reformative economic policies.
“We invite marketers, petrol dealers, manufacturers, telecom companies, and all key stakeholders to embrace this landmark initiative. The registration process, including Know Your Customer (KYC) verification, will take place from 16 June to 15 August, spanning a total of 60 days”, the Dangote Refinery stated.
Tinubu: Benue Killings Depressing, We Must Not Allow this to Continue, Enough is Enough
Tinubu: Benue Killings Depressing, We Must Not Allow this to Continue, Enough is Enough
*Orders security chiefs to implement earlier directive for lasting peace, security
*Tasks Alia to convene reconciliation meeting among warring factions to end bloodshed
*Pope Leo XIV, northern CAN condemn massacre, pray for victims, sue for peace
Chiemelie Ezeobi in Lagos, Deji Elumoye, Chuks Okocha in Abuja, John Shiklam in Kaduna and George Okoh in Makurdi
President Bola Tinubu, yesterday, described the recent killings in Benue State as depressing, declaring this must stop, as government will not let the bloodletting in the state continue.
Tinubu directed security chiefs to implement his earlier directive to bring lasting peace and security to Benue State.
He called on Governor Hyacinth Alia to convene a meeting of the warring factions for lasting peace.
Pope Leo XIV, yesterday, expressed deep sorrow at the murderous attack on Benue State, which resulted in the massacre of about 200 persons. The pope spoke during Mass at the Vatican. He offered solemn prayers for the deceased and Nigeria, in general.
Christian Association of Nigeria (CAN) in the 19 Northern States and the Federal Capital Territory (FCT) called on Tinubu to declare war on criminal elements unleashing mayhem on communities in Benue State and other states in the region.
Similarly, former Vice President Atiku Abubakar; Deputy Governor of Benue State, Sam Ode; former Anambra State governor, Peter Obi; and Human Rights Writers Association of Nigeria (HURIWA) condemned the cold-blooded killings as shocking.
Benue State Youths converged at Wurukum Roundabout early yesterday morning in protest against the unremitting carnage in the state by suspected Fulani herdsmen. They were later tear-gased by policemen deployed to the area.
The attacks in Benue State occurred at night between June 13 and 14 in the town of Yelewata, Guma Local Government Area.
THISDAY gathered that most of the victims were internally displaced persons receiving care at a hospital operated by a local Catholic mission.
Tinubu, in a statement by his Adviser on Information and Strategy, Bayo Onanuga, renewed his order in the wake of the latest round of attacks, which had led to the death of many people.
On the president’s directive, intelligence chiefs, the police, and the military have arrived the state to direct security operations and restore sanity.
Tinubu Alia to convene reconciliation meetings and dialogue among the warring parties to end the bloodshed and bring lasting peace and harmonious co-existence between herders and the indigenous communities.
Describing the killings as inhuman and anti-progress, the president called on political leaders and community leaders in conflict areas to stop fuelling the crisis through unguarded utterances that could further inflame tensions. He said leaders should rein in those who were out to cause provocations and ignite reprisal attacks.
The statement quoted Tinubu as saying, “The latest news of wanton killings in Benue State is very depressing. We must not allow this bloodletting to continue unabated. Enough is now enough.
“I have directed the security agencies to act decisively and arrest perpetrators of these evil acts on all sides of the conflict and prosecute them.
“Political and community leaders in Benue State must act responsibly and avoid inflammatory utterances that could further increase tensions and killings.”
The president said, “This is the time for Governor Alia to act as a statesman and immediately lead the process of dialogue and reconciliation that will bring peace to Benue.
“Our people must live in peace, and it is possible when leaders across the divides work together in harmony and differences are identified and addressed with fairness, openness and justice.”
Pope Prays for Victims, Seeks Peace
Pope Leo XIV expressed deep sorrow at the recent attack on Benue, during Mass at the Vatican, offering prayers for the deceased and Nigeria, in general.
Describing the killings as a “terrible massacre” carried out with “extreme cruelty,” the pope called for an end to the cycle of violence.
He said, “A terrible massacre took place, in which about 200 people were killed, with extreme cruelty, most of whom were internally displaced, hospitalised by the local Catholic mission.”
Visibly moved during his remarks at the Vatican, the pope called for an end to the ongoing cycle of violence plaguing Nigeria, a country he referred to as “beloved” but “so affected by various forms of violence”.
He stated, “I pray that security, justice and peace prevail in Nigeria, a beloved country, so affected by various forms of violence. And I pray, in particular, for the rural Christian communities of Benue State, which have been incessantly victims of violence.”
The pope’s statement added to the growing international condemnation of the persistent violence in Nigeria’s Middle Belt, a region often wracked by sectarian and communal conflict.
The pope urged the global community not to forget those suffering in silence. He called on the Nigerian authorities to uphold the safety and dignity of all citizens.
CAN to Tinubu: Declare Total War on Criminals Terrorising Benue, Borno, Others
Christian Association of Nigeria (CAN) in the 19 Northern States and the Federal Capital Territory (FCT) called on Tinubu to declare war on criminal elements terrorising communities in Benue State.
CAN also urged the government to stop the resurgence of the activities of Boko Haram terrorists in Borno State.
The association, in a statement yesterday in Kaduna, urged the president to urgently take decisive action to end the bloodshed and destructions.
The statement, signed by Secretary General of Northern CAN, Sunday Oibe, condemned Saturday’s killings in Benue communities, declaring that the persistent attacks by suspected herdsmen are unacceptable.
The association expressed deep concern over the deteriorating security situation in Benue, Borno, and other parts of the country.
Oibe stated that the violent activities perpetrated by suspected herdsmen and Boko Haram terrorists had made life increasingly unbearable for innocent citizens.
The statement said, “On Saturday, June 13, 2025, we received distressing reports of attacks by suspected herdsmen in Yelewata and Daudu communities in Guma Local Government Area of Benue State.
“Available information indicated that over 100 people were killed in the attacks, which occurred less than 48 hours after the tragic killing of 25 people in Mtswenem and Akondotyough Bawa communities in Makurdi LGA
“Reports indicated that many internally displaced persons (IDPs) and farmers were killed, with some reportedly burnt alive in makeshift shelters.
“The gunmen, armed with sophisticated weapons, were said to have launched the attack around midnight and operated for over two hours.
“Similarly, last week in Borno State, one person was killed, while Rev. Fr. Daniel Afina, a Catholic priest and project coordinator of a Christian NGO, along with nine others, were abducted by Boko Haram/ISWAP terrorists on the Gwoza-Limankara Road as they were ambushed while returning from Mubi in Adamawa State.”
Oibe lamented that the security situation appeared to be worsening at a time when it seemed that the criminal elements had been contained by security agencies.
He said in the statement, “We urgently call on the federal government to take decisive and comprehensive action to stop the killings and restore peace and security.
“President Bola Tinubu’s administration has made initial progress in curbing these violent activities. However, these gains must be sustained and expanded.
“We urge the president to urgently declare total war against these criminals and direct security agencies to neutralise the threat within a clear and enforceable time frame.
“Should the situation prove beyond the capacity of Nigeria’s security forces, the government should seek international assistance to halt the killings and abductions.
“The killings are unacceptable, even within the animal kingdom. This brutality is rare, yet, in Nigeria, innocent lives are lost senselessly and repeatedly.”
Ode Condemns Killings in Yelwata
Deputy Governor of Benue State, Sam Ode, who visited the scene of the bloodshed on the directives of the governor, said the governor was not resting on his oars in efforts to ensure the state experienced peace.
Ode stated, “Governor Hyacinth Alia acknowledges and shares in the pains and grief caused by the this attacks on the community by criminal elements suspected to be armed herdsmen.
“The state government is consistently engaging with federal security agencies, traditional rulers, community leaders, and relevant stakeholders to strengthen security interventions and provide lasting solutions to these persistent attacks.
“We assure citizens that more tactical teams have started arriving to Benue from the federal government and additional security deployments are being arranged for vulnerable areas.
“Response squad teams are also deployed and will be in Benue from Sunday, strategic community dialogues are ongoing to enhance active intelligence sharing.”
Ode added, “The state’s joint operations units are also being strengthened, and will not relent in its utmost commitment to defending the lives and properties of all residents.
“In the spirit of peace and unity, we call on religious, traditional, and political leaders across the state to sensitise and guide the youths under their influence against unlawful gatherings or confrontations that may spiral out of control.
“We appeal to the public to make use of official communication channels to report any suspicious activities and to stay informed through credible sources.
“Benue State remains committed to justice, peace, and security for all.”
Atiku Shocked over Fresh Benue Attacks
Former Vice President Atiku Abubakar expressed shock and anguish at the killings in Benue State.
Atiku called on the federal government to move in and ensure that the perpetrators of the heinous crimes were arrested and prosecuted
In a statement, the former vice president lamented that the killers were targeting defenceless Nigerians.
He suggested, “Enhanced security presence in the region, deploying necessary resources, personnel, equipment, and intelligence to guarantee the protection of vulnerable rural areas.”
Atiku stated, “I am deeply anguished and shocked by the devastating news of the fresh attacks in Benue State, where over 100 innocent lives are feared lost.
“These killings, once again targeting defenceless communities, underscores the escalating insecurity crisis facing our nation. Words cannot adequately express the sorrow felt by those left widowed, orphaned, or displaced.
“My thoughts and prayers are with the families and communities who have suffered unimaginable loss. As a nation, we must pause and reflect on the mounting human toll of this senseless violence.
“I urge the federal government and Benue State authorities to launch a prompt, transparent investigation into the attack.
“The identities of the perpetrators must be swiftly uncovered and justice served.”
The former vice president said the federal government should, “Enhance security presence in the region, deploying necessary resources, personnel, equipment, and intelligence to guarantee the protection of vulnerable rural areas.
“Engage affected communities through dialogue, traditional leadership, and civil society to restore confidence and foster resilience.
“Accelerate compensation and support effort, including medical aid, trauma counselling, and livelihood restoration for survivors and bereaved families.”
He said, “This assault on innocent Nigerians is not just a local tragedy, it is a national emergency that demands immediate attention and decisive action.
“I call on all Nigerians, regardless of tribe or religion, to unite in condemning this atrocity. We must hold our leaders accountable and insist on sustainable solutions to the violent tragedies claiming lives across the country.
“May God comfort the grieving families, heal our nation, and help us reclaim peace and security for all.”
Obi: Killings Show Leadership Failure
Labour Party’s 2023 presidential candidate, Peter Obi, condemned the Benue killings, describing them as a direct consequence of leadership failure in Nigeria.
In a statement posted on X (formerly Twitter) on Sunday, Obi expressed heartbreak over the attacks, which claimed the lives of women, children, soldiers, and displaced persons.
He called for an urgent national response, warning against the growing normalisation of mass killings in the country.
Bi stated, “My heart is heavy as I learn of yet another horrific series of killings in Benue of women, children, soldiers, and displaced persons, all senselessly slain.
“This tragedy has become too common in our national life, and the Benue situation now calls for a national emergency.”
According to the former Anambra State governor, the scale of the killings go beyond isolated violence, but reflects systemic governance failure.
“Over 200 lives have reportedly been extinguished in a single onslaught, homes burnt, families shattered, communities left in ruin. This is not merely violence. It is a failure of leadership, a stain on our collective conscience,” Obi stated.
HURIWA Warns of Looming Ethnic War
Human Rights Writers Association of Nigeria (HURIWA) issued a stern warning to the federal government, urging it to urgently halt the continuous attacks by suspected Fulani herdsmen or risk widespread armed resistance by other ethnic groups in the country.
The rights group described the recent massacre of over 200 persons in Benue State as a crime against humanity and a dangerous escalation that could spiral into nationwide ethnic violence.
HURIWA gave the warning in a press statement issued in Abuja by its National Coordinator, Emmanuel Onwubiko, following the bloody attack by herdsmen on the Tiv-speaking Yelewata and Daudu communities in Guma Local Government Area of Benue State.
The group said despite prior intelligence from residents about the impending attack, the federal government and security agencies failed to intervene or deploy adequate forces to the area.
HURIWA alleged that attackers stormed the communities from two flanks, overpowered local youths and police operatives, and then proceeded to open fire on defenceless civilians, including IDPs sheltering in market stalls.
HURIWA condemned what it termed the “persistent inaction” of the federal government, describing the security chiefs and the National Security Adviser as grossly incompetent and complicit.
The association warned that should the government fail to act decisively to bring an end to the targeted killings allegedly carried out by armed Fulani insurgents, Nigeria might descend into an unprecedented civil crisis, as ethnic groups facing continued invasions might begin to arm themselves for self-defence.
Benue Youths Protest Killings
Benue State Youths converged at Wurukum Roundabout on Sunday morning to protest the killings of innocent people in Benue State by murderous Fulani herdsmen. But they were teargased by policemen deployed to the area.
The protests had been triggered by the gruesome attacks on Yelewata town yesterday by suspected herdsmen, which resulted in the deaths of almost 200 persons, including women and children, as well as the aged.
The protesters demanded action from Governor Hyacinth Alia and the federal government against the terrorists, who were on a rampage across the state.
The protesters had refused to be addressed by Benue State Commissioner of Police, Emenari Ifeanyi, who went personally to the protest venue.
The police commissioner initially sought to address the protesting youths but he was loudly condemned amid angry chants of “CP, Go To Yelewata”.
And when he eventually addressed them, he was confronted with some questions that he declined to answer, stirring another round of anger.
It was also observed that while some military personnel arrived the venue of the protest, the youths continued to press their demands for action from government.
An activist, Comrade Bemgba Iyortyum, wrote on his Facebook page, “I urge the youths to maintain their peaceful and orderly conduct as has been seen in the course of the protest so far, and to stand resolutely by their demands for action from government.
“Together we will win this war against the terrorists who seek to wipe us off the face of the earth and take over our land.”
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Mixed Reactions Trail CBN’s Directive Suspending Banks’ Dividends, Bonuses
Mixed Reactions Trail CBN’s Directive Suspending Banks’ Dividends, Bonuses
*Some analysts see move as timely move to fast-track NPLs clean-up
*Others say action may lead to pressure on bank stocks due to uncertainty
Ndubuisi Francis in Abuja and Nume Ekeghe in Lagos
Mixed Reactions have trailed last weekend’s directive by the Central Bank of Nigeria (CBN) to banks under regulatory forbearance to temporarily suspend dividends, bonuses and new investments in foreign subsidiaries.
In a circular dated June 13, 2025, and signed by the Director of Banking Supervision, Dr. Olubukola Akinwunmi, the CBN instructed all banks currently under regulatory forbearance to suspend the payment of dividends to shareholders, bonuses to directors and senior executives, and investments in offshore subsidiaries or new foreign ventures.
The move, according to the apex bank, is part of a broader strategy to ensure that banks operating under forbearance supervision strengthen their financial resilience and fully comply with capital adequacy and loan provisioning standards.
The CBN emphasised that the restrictions are temporary and will be lifted once key conditions are met, a full exit from regulatory forbearance, and independent verification of capital and provisioning levels as being within acceptable regulatory thresholds.
While some analysts see the CBN’s intervention as timely and strategic in accelerating the resolution of non-performing loans (NPLs) and improving capital buffers, others expressed apprehension that the action might trigger some kind of pressure on banks stocks due to uncertainty.
Some analysts who hold the view that the new directive could lead to pressure on banks stocks at the initial stage, argue that this would be due to the failure on the part of the apex bank to list or identify the banks involved in the forbearance.
While initial reactions from some stakeholders included concerns about investor impact and even share price decline, financial analysts argue that the directive is designed to encourage swift corrective action from the banks ensuring that bad loans are fully provided for, and that future dividend payments are backed by genuinely sound balance sheets.
Chief Executive Officer of CFG Advisory, Adetilewa Adebajo, described the CBN’s decision as a positive step that will ultimately benefit shareholders and the banking system:
“This move, from all accounts and the explanation in the circular, is around capital positions and provisioning adequacy to address the issues around the loan portfolio of banks once and for all.
“The bottomline is that all banks that want to continue paying dividends must make full provisions for their Non-Performing Loans (NPL), which will invariably impact their profitability. As banks are recapitalizing, it is important that the fresh capital is used to clean up and improve the quality of their risk asset portfolio.
“Non-payment of dividends, bonuses and offshore investments obviously improves capital retention and should boost stock values,” he said.
Adetilewa added that the policy sends a strong signal of regulatory intent to restore long-term investor confidence through stronger governance and transparency, even if it comes with short-term trade-offs.
On his part, the Head of Financial Institutions Ratings at Agusto & Co., Ayokunle Olubunmi, noted that CBN had already hinted that forbearance would be called off by the end of the first half of the year, however the timely does indicate the seriousness of CBN’s intent.
He said: “Many banks didn’t expect the CBN to take this particular approach. I think they assumed the CBN would simply ask them to make provisions on those loans or classify them. In fact, many of the affected banks had already started working on those facilities even before now.
“But with this move by the CBN, those efforts may be disrupted. For banks that typically pay dividends in June, this might affect them, because they may not be able to resolve those loan issues before the end of the month. That’s why their dividend declarations may be impacted.
On the suspension of investments in foreign subsidiaries of the affected banks, he stated, “Yes, that too will be affected to some extent. But you see, investments in subsidiaries aren’t immediate as they take time.
“You can delay those for a year or two if needed. Unlike dividends or bonuses, which have more immediate impact, subsidiary investments can wait.
“That said, many international banks except maybe Access Bank were planning to expand internationally using proceeds from their recent capital raises. So yes, it could affect those plans.
“But from what I know, most of the significant investments weren’t planned for this year anyway. Many of them were looking at 2026, so I don’t think the impact will be major in the short term. But again, I believe many of the unresolved facilities will be cleared before the end of the year.”
Also, Analysts at Proshare noted that the impact on share prices woud be dampend as investors may sell if they are unable to get dividend payouts.
They stated: “The trouble here is that if everyone goes on a selling binge, the banks’ share prices will tank regardless of their strong underlying corporate performances.
“This would mean that CBN’s Money Market policy choices would affect the Securities and Exchange Commission (SEC)-supervised Capital Market outcomes.”
The Central Bank’s intentions, they added, are obviously noble, stressing that the natural intentions may be a return to prudent banking practices where the build-up of NPLs is moderated, and capital is available to fund commerce.
“The learning opportunity is primarily about mitigating the economic and financial pain and uncertainty that agents would otherwise experience in the market.”
However, a CBN source said, “It was actually a deliberate plan regarding timing and manner of communication
“There’s a June 30 deadline for all forbearances to roll off and bank have know for about a year or so. This was basically letting them know that there’s no going back and there will be consequences for non-compliance. Also lets the corporate clients involved know that CBN is serious about it. Timing was done to have minimal impact on the capital raise.”
*Some analysts see move as timely move to fast-track NPLs clean-up *Others say action may lead to pressure on bank stocks due to uncertainty Ndubuisi Francis in Abuja and Nume
Leemon Ikpea Felicitates Tinubu, Nigerians on 26 Unbroken Years of Democracy
Leemon Ikpea Felicitates Tinubu, Nigerians on 26 Unbroken Years of Democracy
Commends FG’s reforms, says economic pains temporary
Emmanuel Addeh in Abuja
Prominent businessman and industrialist, Chief Leemon Ikpea, CON, has congratulated President Bola Tinubu and the Nigerian people on the occasion of the celebration of 26 unbroken years of democracy in Nigeria.
In a statement yesterday, Ikpea, who is the Founder and Executive Chairman of Lee Engineering Group and Allied Companies Limited, praised the administration’s determination to steer the country through tough but necessary reforms.
Besides, he praised the administration of Tinubu for staying the course in implementing difficult but necessary policies aimed at repositioning the economy for long-term growth and stability.
He also welcomed the recent strategic changes at the Nigerian National Petroleum Company Limited (NNPC), describing them as a bold move toward sanitising the country’s oil and gas sector and restoring confidence in its operations.
“This Democracy Day, we are not only marking our return to civilian rule, but also a season of courageous decisions and visionary leadership. President Tinubu has shown that he is willing to make the hard calls needed to reposition Nigeria,” the Esan Chief added.
He hailed the resilience of Nigerians over the years, particularly in navigating the economic challenges that have followed recent reforms, stating that the reforms had begun to yield the expected results.
“This year’s Democracy Day celebration is especially significant as it comes at a time when our country is taking bold steps to redefine its economic trajectory. While the path has not been without pain, I commend President Tinubu and his team for their focus on reforms that are now beginning to yield real and measurable results,” he stressed.
Ikpea acknowledged that the removal of fuel subsidies, exchange rate unification, and other fiscal adjustments initially brought hardship to many Nigerians. However, he noted that these policy shifts were long overdue and are now creating room for a more transparent, market-driven, and sustainable economy.
According to him, no nation advances without sacrifice, and the early signs of economic stabilisation, increased investor confidence, and renewed interest in key sectors suggest that the country is on the right path.
“The economic reforms undertaken in the past year are starting to bear fruit. Inflation is beginning to ease, the naira has shown greater resilience, and the country is attracting renewed interest from global investors who are now more confident in the transparency and direction of our fiscal and monetary framework. These are not minor achievements, they are foundational to our national rebirth,” Ikpea said.
The Lee Engineering boss called on Nigerians from all walks of life to remain optimistic and to play active roles in building a more united and prosperous nation. He emphasised the need for national cohesion, civic responsibility, and continued support for the administration’s efforts, noting that governance cannot succeed in a vacuum.
He also commended the government’s efforts in tackling insecurity, improving infrastructure, and pushing forward social investment programmes aimed at cushioning the effects of economic reforms.
“As a businessman and a patriotic Nigerian, I see firsthand the impact that policy stability, infrastructural development, and security have on economic activity. The government must continue to consolidate on recent gains, ensuring that more citizens can feel the benefits of reform in their daily lives,” he said.
Reiterating his belief in Nigeria’s greatness, Ikpea expressed confidence that the country would emerge stronger and more self-reliant if the current policy direction is sustained. He said the transformation of Nigeria will not happen overnight, but requires persistent action, institutional strengthening, and faith in the democratic process.
While extending warm greetings to the President, members of the National Assembly, the judiciary, and all Nigerians committed to the ideals of democracy, he urged Nigerians not to forget the sacrifice of those who came before now.
He urged Nigerians to remain patient, cooperative, and optimistic as the country navigates this transitional phase, stressing that the current momentum must not be lost to cynicism or political distractions.
“This is a time for optimism, not despair. Nigeria has all it needs to succeed: Talent, natural resources, and an increasingly reform-minded government. Let us hold on to the promise of this democracy and build the kind of nation we all desire,” he stated.
Commends FG’s reforms, says economic pains temporary Emmanuel Addeh in Abuja Prominent businessman and industrialist, Chief Leemon Ikpea, CON, has congratulated President Bola Tinubu and the Nigerian people on the occasion