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Court Orders NRM to Serve Yakubu Mahmood Contempt Charge via Staff

Alex Enumah in Abuja

A Federal High Court in Abuja, yesterday, granted the National Rescue Movement (NRM) permission to serve its contempt charge against the Chairman of the Independent National Electoral Commission (INEC), Prof. Yakubu Mahmood, through substituted means.

According to Justice Obiora Egwuatu, who issued the order while delivering ruling in an exparte application, the charge should be served on the INEC boss by handing same to any staff of INEC at the national headquarters.

The applicant had specifically sought permission of the court to serve court processes (Form 48, which is a notice of the consequence of disobedience of a court order) on Mahmood through substituted means.

Moving the motion, the NRM, through its team of lawyers led by Mr. Oladimeji Ekengba, alleged that INEC and its chairman spurned an order of mandamus the court made on March 5, which directed them to accept the outcome of an Emergency Convention that produced the Chief Edozie Njoku-led Executives of the party.

Ekengba said the essence of the emergency convention which held on January 17, was to fill vacancy and correct lopsidedness in the National Executive Committee (NEC) of the NRM.

“That the Respondent is aware that the emergency convention the subject matter of the judgment was held on January 17, 2025, even by its own processes before this honourable court.

“Notwithstanding that the Judgment Debtor/Respondent’s Counsel by name M.A. Bawa was in Court when the Judgment was delivered, the Judgment Creditor took the pain to still serve the Judgment Debtor/Respondent with a copy of the Enrolled Order of the Judgment.

“Despite being aware, the Judgment Debtor (INEC) refused to comply with the judgment of this Honourable Court till date.

“In order not to reduce this Honourable Court to a toothless bulldog, and also to enhance the cause of justice, the Registrar of this Honourable Court on the application of the Judgment Creditor, issued FORM 48 to be served on the Chairman of the Respondent in order for him to show cause why he should not be committed to prison for failing to comply with the judgment of this Honourable Court,” the NRM added in an affidavit it filed in support of the motion.

It said the application for the processes to be served on Prof. Mahmood through substituted means was owing to the fact that it would be impossible to hand the processes to him personally.

“That I know that the Bailiff of this Court will not be able to serve the Chairman of the Respondent/Judgment Debtor the Form 48 personally as the Respondent only receive processes at the gate at a designated registry at Plot 430, Zambezi Crescent Off Aguiyi Ironsi Street Maitama Abuja.

“That the Judgment Debtor/Respondent’s Chairman placed numerous protocols and the bailiff of this Court will not be able to serve him the Form 48 issued by this Honourable Court

“From the disposition of the Judgment Debtor/Respondent, it is practically impossible to serve its Chairman with the FORM 48 personally as required by law, hence this application,” the affidavit, which was deposed to by one Mr. Adebayo Wasiu, further read.

After he had listened to the motion, Justice Egwuatu granted the application as prayed.

He, however, held that the applicant should after effecting the service, depose to an affidavit to indicate the name of the INEC official the processes were handed to.

The case was subsequently adjourned to July 15 for mention.

Alex Enumah in Abuja A Federal High Court in Abuja, yesterday, granted the National Rescue Movement (NRM) permission to serve its contempt charge against the Chairman of the Independent National Electoral

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Firm Trains 100 Nigerian Youths on Vocational Skills Acquisition

Kasim Sumaina in Abuja

A firm, Federation of Construction Industry (FOCI), through its academy, yesterday officially flagged off the Nigeria Youth Employment through Skills Acquisition Fund (NYESAF) project of training 100 students in masonry in six months.

FOCI Skill Academy in collaboration with the World Bank and the Federal Ministry of Education noted that as the voice of Nigeria’s construction sector, it has consistently championed policies, interventions, and partnerships that strengthen the industry and support the workforce that drives it.

The President of FOCI, Mr. Vincent Barrah, at the official flag-off ceremony in Abuja hinted: “We view today’s event not just as a ceremonial flag-off, but as a powerful statement that the time has come to invest in the next generation of builders, and to do so boldly and intentionally.

“We started already since April. We are already two months into the programme. Today is just the official flag-off.”

Barrah, while speaking on the sidelines shortly after the event, added: “In the next four months or thereabouts, we will be through with this training program. As I said earlier, you can see practically what is on ground. Maybe when you came here, you saw the trainees in action.

“We are training experts in all the skills that we have for now. We are not training only masons, we are also training carpenters. We are also training plumbers, and we are also into electric cars for now.

“As I said, we are also to expand the scope to other skills. It’s our happiness because of the concept of this FSA. A time came when we lacked Nigerian artisan skills.”

The FOCI president further explained that: “We were employing Togolese, Beneniose, and Ghanaians. That’s what brought the idea. I said, no, we cannot sit down and watch our youths live in the streets while foreigners are taking the skilled jobs. So, FOCI Skills Academy was incorporated and we kicked off immediately. We thank God for the support we got when we started and our partners gave us a serious support.”

Speaking in similar vein, the Programme Officer for NYESAF, Blessing Osenwota, stated that the project is all about skills, training, certification and employment.

The training, she added, is free, stating that: “The federal government through the World Bank has paid for all that we are doing. It’s costing them good money to train one youth. And we are doing it passionately.

“The project is under the Federal Ministry of Education and, the ministry is doing wonderfully well in this regard.”

Kasim Sumaina in Abuja A firm, Federation of Construction Industry (FOCI), through its academy, yesterday officially flagged off the Nigeria Youth Employment through Skills Acquisition Fund (NYESAF) project of training 100

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Ogun Roads Reconstruction an Inclusive Devt Strategy, Not Impulsive Response to Criticism

Femi Ogbonnikan

Amidst cynical comment made by the leading opposition party in Ogun State, the Peoples Democratic Party (PDP), and perceived naysayers, criticizing Governor Dapo Abiodun’s administration for its low performance, the State government has kicked off Akute-Lambe-Agbado road reconstruction project. For the avoidance of doubt, the contractor handling the project, Craneburg, has already moved to the site to begin the rehabilitation of the ever-busy road. Preparatory to the commencement of full work, the construction firm has begun mobilization of heavy-duty to the site. The execution of earthworks has also started across multiple sections of the road. All things being equal, a full-scale construction work is expected to commence immediately.
This is in keeping with the promise earlier made by the governor to the residents of this area over some months back. So, let no one think that the decision to resume work on the abandoned road was by impulsive response to criticism. Rather, it is part of the broader application of inclusive development initiative of the administration to ensure that every section of the state enjoys the dividends of democracy.
While the PDP’s uncomplimentary remark came has as a distraction, the administration has refused to be dragged into an unnecessary controversy, focusing on effective service delivery to the people.
As an administration that operates on the principles of transparency, accountability and inclusivity, Governor Abiodun is not aversed to constructive criticism. In a democracy, constructive criticism is essential for growth and improvement, as its spurs leaders into action, especially if it is delivered in a respectful and professional manner. Constructive criticism that targets issues, not individuals, that avoids personal attacks or insults, often offers specific, actionable feedback that helps the government to improve.
However, unnecessary, hypocritical and malicious criticism like that of the PDP can only divert attention away from important issues and solutions.
There is no time for such frivolity. This government is too busy with its developmental goals that it does not have time for an any undue distraction. Besides, the achievements of the administration over the last six years are so evident that no one can pull the wool over the people’s eyes. They are there for all to see. It is particularly worth noting that no administration among the successive past governments has constructed as much road as Governor Abiodun, boasting of a total road network of 1, 200 kilometres. Unprecedented. Whosoever cares to fact-check this claim can take a tour of the state to see the road connectivity that spread across the nooks and cranny of the three senatorial districts. It suffices to mention as few like the Abeokuta-Sagamu Expressway, Obantoko Road, Idi-Aba-Elite-OkeLantoro; Ikoritameje-Adenrele; Panseke-Adigbe; City Gate Monument Development Flyover Bridge, Kuto; Arepo road, Somorin-Kemta-IdiAba; OlusegunOsoba-Toyi-nAgbado, Yakoyo Bridge to Mr. Biggs section along Akute and Owode-Siun roads.
Others include Oru-Awa-Ilaporu-Ibadan expressway; Molipa-AsafaIsale-Ayegu-Ojofa; Asafa Oke-Fusigboye-Ojofa Street; Oba Erinwole road, Sagamu; Awujale road, Ejinrin-Idowa-Awa-Ibefun-Itoikin; Ijebu Ode-Epe-Sagamu-Benin Interchange Flyover Bridge; Esure-Ijebu Mushin road; Ogbagba Street, Ijebu Ode; Molusi College road and Ijebu Igbo, to mention but a few.
Ibooro-Imasayi-IganOkoto-Ayetoro road (Phase 1) in Yewa North, Ikola-Navy-OsiIkola; Raypower; Joju, Sango; Ilashe-Koko-Alari; Oke Ola, Imeko; Tollgate-Singer GRA, Ota; Ilaro-Iwoye (Phase 1); Iwoye-OwodeYewa Secondary School road, (Phase2); Owode Yewa Secondary School-Owode Yewa Junction road (Phase 3) roads are also conspicuous enough to see.
All these are borne out of the administration’s commitment to the development of infrastructure as a catalyst for industrial transformation.
The net effect of this initiative is the steady inflow of domestic and Direct Foreign Investments (DFI), culminating in the emergence of the state as the leading industrial hub not only in Nigeria but West African sub-region. For a true sense of purpose and due diligence, PDP should have endeavoured to find out how the state has attracted an investment portfolio that beats the record of the past successive administrations before arriving at its simplistic and weird performance assessment remark. Today, we have seated in Ogun State under Abiodun’s watch $400m investment by Arise Integrated Industrial Platform, the over $500 steel conglomerate, African Industries Group; the $500 million investment by the Japanese International Cooperation Agency (JICA) to enhance power infrastructure in Ogun State; the $300 million investment by the Chinese company, Inner Galaxy Steel Company Ltd, a new steel plant for the production of specialised steel products, and a $5 million battery recycling plant by a British company.
We also have on the list of new investments Codix Bio Pharmaceutical Company, a pharmaceutical outfit that specializes in the production of medication kits for the treatment of diabetes, hypertension and heart-related diseases; the $400 million hot rolled coiled steel factory in Ewekoro and the Special Agro-Cargo Processing Zone created by President Tinubu to serve the airport as a Free Trade Zone (FTZ), located very close to airport.
The attraction of these capital intensive investments into the state is the direct outcome of Governor Abiodun’s investment and industrial promotion to which the PDP has turned a blind eye. By neglecting some of these critical development indices in arriving at its performance scorecard, the PDP has presented itself as a biased, clueless and rudderless opposition party incapable of making an informed judgment. A party with a weak sense of judgment cannot be trusted to lead a state like Ogun with enlightened citizenry.
That is why the Abiodun administration has not looked back in its continued to effort to make life easier for the populace through sustained infrastructure development across the state.
It’s the turn of the residents of Akute-Lambe-Agbado to have a new leash of life. The strategic road project, which will benefit several communities in the area, covers critical stretches and landmarks, including Akute Bridge, Oke Aro Stream, and Agbado Bridge, among others. When completed, it will serve as a vital link between several densely populated communities in Ifo Local Government Area of the state.
The road project is part of the broader effort by the Ogun State government to enhance infrastructure, improve transportation, and stimulate economic growth in the area. The project also aims to address long-standing infrastructure challenges and improving the overall quality of life for residents of Ifo Local Government Area and its environs.
Before now, several road projects had been carried out in the area by
the Abiodun administration, focusing on improved connectivity. These include the Akute-Ajuwon road in Ifo II State Constituency, Alagbole-Akute road, Akute-Ijoko-Oke Aro road, Sango-Ijoko-Akute road, and Denro-Ishashi-Oluwakemi road.
The rehabilitation work on Akute-Lambe-Agbado road followed the recent commissioning of the newly completed Awokoya Road in Ijebu-Ode.
According to Governor Abiodun, successful completion of the project reflects his administration’s commitment to inclusive development and responsive governance.
He said: “Awokoya Road, once plagued by years of neglect, has now been fully transformed with durable asphalt paving, proper drainage, and reinforced shoulders. Its strategic importance to the city’s traffic flow and commercial life cannot be overstated. The road is already easing movement, improving safety, and supporting the daily lives of residents and businesses in the area.
The Governor further reiterated the commitment of his administration to an inclusive governance style. “We remain committed to ensuring that every zone of Ogun State enjoys the dividends of democracy. Awokoya Road stands as a symbol of what is possible when leadership is driven by vision, compassion, and accountability. We will continue to deliver more impactful projects across the state,” he assured.

*Ogbonnikan, an SSA Media to the Governor, writes from Abeokuta

Femi Ogbonnikan Amidst cynical comment made by the leading opposition party in Ogun State, the Peoples Democratic Party (PDP), and perceived naysayers, criticizing Governor Dapo Abiodun’s administration for its low

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BDAN Records Income Growth, Appoints New Directors

The Bank Directors Association of Nigeria (BDAN) (LTD/GTE) reported a marginal increase of 2.6 per cent in total income for the year 2024, as reported during its 28th annual general meeting (AGM) yesterday via zoom.

The AGM, chaired by Mr. Mustafa Chike-Obi, was a strategic session that underscored the association’s commitment to growth and enhanced advocacy in the Nigerian banking sector. As part of the meeting’s resolutions, two new directors, Mrs. Subulade Giwa-Amu (Non-Executive Director of Polaris Bank Limited) and Mrs. Remilekun Odunlami (Non-Executive Director of First Bank of Nigeria Limited),were appointed to BDAN’s Board.

Also, in accordance with the Association’s articles, two directors – Mr. Mustafa Chike-Obi (Chairman of Fidelity Bank Plc) and Dr. Mrs. OluwayemisiOlorunshola, (Chairman of Wema Bank Plc), retired by rotation but were unanimously re-elected for another term, reflecting BDAN’s dedication to sound corporate governance practices.

Speaking at the meeting, Chairman of BDAN, Mr. Mustafa Chike-Obi, emphasised the significance of the Association, stating that it exists to serve member banks and act as a collective voice, especially in areas where individual banks cannot advocate for themselves. He stated that the Association’s advocacy responsibility is serious business.

Mr. Chike-Obi, reinforced the association’s proactive stance on industry matters, particularly its increasing focus on regulatory engagement and safeguarding the reputation of banks. He called for legislation protecting banks from circulation of unsubstantiated and careless statements that undermine confidence in the banking sector which affects the legitimate interests of financial institutions and threatens the economy.

“We are also considering supporting legislation that will impose penalties on individuals who make careless or irresponsible statements capable of inciting panic or destabilising the financial system. Protecting our member Banks and preserving the stability of the sector are at the heart of BDAN’s mission,” he added.

The chairman further encouraged member banks to actively channel their issues or concerns to the Association’s Secretariat.

“We are here to swiftly address issues that impact our members. Our doors are open, we encourage the banks to bring matters to us early so that our Governance and Advocacy Committee can intervene effectively,” he said.

The Chief Executive Officer, BDAN, Adebukola Orenuga, shared her thoughts on the association’s achievement during the period, stating “The 2.6 per cent growth may appear modest, but it is a testament to the resilience and steady progress of the Association. BDAN is poised for deeper impact and by next year, we expect the Association to be much more visible and influential in its advocacy role for the Banking sector.”

The 28th AGM served as a reaffirmation of BDAN’s strategic direction and its resolve to deepen its advocacy efforts, strengthen industry collaboration, and protect the interests of its member banks.

The Bank Directors Association of Nigeria (BDAN) (LTD/GTE) reported a marginal increase of 2.6 per cent in total income for the year 2024, as reported during its 28th annual general

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Obasanjo Commends Zamfara Governor for Transformative Leadership

Former President Olusegun Obasanjo has lauded Zamfara State Governor, Dauda Lawal, for his remarkable accomplishments, highlighting the significant strides made under his administration and the positive impact on the state’s development.
Obasanjo spoke on Tuesday when he commissioned the Yariman Bakura Specialist Hospital and two major roads in Gusau, the capital city of Zamfara State.
A statement by the Governor’s spokesperson, Sulaiman Bala Idris, noted that the state has, for the first time, obtained a CT scan and an MRI machine for the renovated Yariman Bakura Specialist Hospital.
Idris said that Obasanjo urged Governor Lawal to continue on his Rescue Mission project until Zamfara becomes one of the leading states in Nigeria.
Obasanjo said, said, “I am in Zamfara State today to see the new, improved and improving Zamfara under your leadership.
“Here we are. Two things surprised me: the Commissioner of Health mentioned that you have a CT scan and an MRI. I know some teaching hospitals don’t have CT scans and MRIs and some have machines, but they are not operational. Here you have it, it is working and providing service.
“I have great pleasure to be here, to commission this remodelled and reequipped hospital for the well-being and welfare of everybody that will come here.”
Also speaking at the commissioning of the Zannah – Abarma road, Obasanjo noted that Governor Lawal has embarked on a journey to make Zamfara a modern state.
He said, “based on my observations and what I have heard, we are partners in progress. I urge you to continue enhancing Zamfara State throughout your government’s eight-year tenure.”
In his address, Governor Lawal thanked the former President for honouring the invitation to commission the key projects in the state.
“Your Excellency, on behalf of all the citizens of Zamfara State, I thank you for honouring our invitation and welcome you to your second home, Zamfara State. A State that is dear to your heart because our primary vocation here is agriculture, something you are very passionate about.
“The Ahmad Sani Yariman Bakura Specialist Hospital has undergone both expansion and renewal. New facilities have been constructed. Doctors now have newly completed residential quarters, including two-bedroom and three-bedroom semi-detached units and a befitting residence for the Chief Medical Director.
“A serene and quiet patient relaxation arena has also been introduced alongside the redesigned and beautification of the hospital landscape. We also established internal road networks that support mobility, order and aesthetics.
“The new centres constructed are new Obstetrics and Gynecology (O&G), new Radiology complex, new Laboratory complex and patients’ relaxation arena.
“Equally important is the extensive renovation and modernization of 14 key departments, all of which have been revitalized and upgraded to contemporary standards.
“We have matched these infrastructural improvements with a robust supply of cutting-edge medical equipment across all critical departments. These include advanced diagnostic and therapeutic tools for radiology, dialysis, surgery, ophthalmology, ENT, physiotherapy, endoscopy, echocardiography, dentistry and general clinical care.
“The hospital has also been furnished with new hospital beds, electronic systems, general furniture and waste management infrastructure to ensure an environment that meets global hygiene standards, safety and comfort,” Lawal said.
The Governor emphasized that the hospital is well-equipped to function as a true referral centre for complex medical cases, a credible training facility for healthcare personnel and a hub for medical research and innovation.
Some other projects commissioned are the Zannah – Abarma road and Tsalha Bungudu – Kwanar Birnin Ruwa road, all in the state capital.

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USSD Charges to be Deducted from Customer’s Airtime Balance, Not from Bank Account, As Telcos Complete Migration of end-user billing services

Begin implementation

Emma Okonji

Telecoms operators (Telcos) have completed the migration of end-user billing for the Unstructured Supplementary Service Data (USSD) and have commenced implementation of direct biling of telecoms subscribers that subscribe to the USSD service.
The Association of Licensed Telecoms Operators of Nigeria (ALTON), the umbrella body for all licensed telecoms operators (Telcos), said this in a statement it issued last night.
The statement, which also clarified issues around migration to end-user billing for the USSD service, said the migration took effect today Wednesday.
The statement was co-signed by ALTON’s
Chairman, Gbenga Adebayo and its Publicity Secretary, Damian Udeh.
Following the successful migration, telecoms operators have commenced direct billing of telecoms subscribers that will make use of the USSD service going forward.
According to the statement. “The transition marks a significant milestone in the evolution of Nigeria’s digital financial ecosystem and is being implemented per the Determination of USSD Pricing and Services issued by the Nigerian Communications Commission (NCC).
“To achieve the implementation of the End-User Billing (EUB) model, the CBN and NCC have stipulated that only banks that meet certain regulatory and operational conditions are permitted to migrate. One of which is the notification to customers of the billing change in advance, and to ensure that customers are fully aware of the new airtime-based charges and how they will be applied. Accordingly, under the new billing model, USSD charges will be deducted directly from the customer’s airtime balance, not from their bank account, and each USSD session will attract a charge of ₦6.98 per 120 seconds. To enjoy the service, customers will receive a prompt to opt in and approve the charge before any deduction is made, and there will be no double billing as billing will only occur for successful sessions via airtime deductions.”
ALTON wishes to reiterate that this change does not affect the availability or functionality of USSD banking services, as customers can continue to use their bank’s USSD codes as usual, provided they have sufficient airtime,” the statement further said.
ALTON further explained that alternative digital banking channels such as mobile apps, internet banking, and ATMs, would remain fully operational and available for customer convenience. ALTON also reiterated its commitment to working closely with the NCC, CBN, financial institutions, and other stakeholders to ensure that the transition is seamless, equitable, and beneficial to all parties, especially the end users.

Emma Okonji Telecoms operators (Telcos) have completed the migration of end-user billing for the Unstructured Supplementary Service Data (USSD) and have commenced implementation of direct biling of telecoms subscribers that

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Gov Otu Appoints Linus Obogo, Nsa Gill as Key Media Aides

The Governor of Cross River State, Senator Bassey Edet Otu, has announced the appointment of Mr. Linus Obogo as Chief Press Secretary and Special Adviser on Media and Publicity in a strategic move to bolster the state’s communication architecture.

Similarly, the governor has also appointed Mr. Nsa Gill as Special Adviser on Public Affairs.

The appointment, which takes immediate effect, is part of the administration’s deliberate efforts to enhance the effectiveness, reach, and responsiveness of its information machinery.

Mr. Obogo, a renowned journalist and media strategist, is expected to bring his wealth of experience in public communication to bear on the governor’s media engagements. With a career marked by in-depth political reporting, editorial leadership, and a strong grasp of governance dynamics, his appointment reflects Governor Otu’s vision of a professional and proactive media team capable of articulating and projecting government policies with clarity and impact.

On the other hand, Mr. Gill, an accomplished media practitioner is to serve as a bridge between the government and the public, fostering greater transparency, citizen engagement, and policy clarity. The appointments were confirmed in a statement signed by the Secretary to the State Government., Professor A. Owan Enoh.

The Governor of Cross River State, Senator Bassey Edet Otu, has announced the appointment of Mr. Linus Obogo as Chief Press Secretary and Special Adviser on Media and Publicity in a

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Senate Leadership Joins Presidential Trip to Benue, Says It is Tired of Killings

•SGF assures people of Yelewata of FG’s support, Obi thanks president for visiting state

ChuksOkocha, Michael Olugbode, Sunday Aborisade, OnyebuchiEzigbo, Juliet Akoje in Abuja, Emmanuel Ugwu-Nwogoin Umuahia,AdibeEmenyonuin Benin City and George Okoh in Makurdi

The Senate leadership has offered to accompany President Bola Tinubu to Benue State today, to also commiserate with the people of Yelewata over the recent massacre of their kinsmen by suspected Fulani herdsmen, saying they are tired of the killings.

Senate Committee Chairman on Media and Public Affairs, Senator AdeyemiAdaramodu, disclosed the offer yesterday while briefing journalists on the activities of the upper chamber in the last two years.

Likewise, Secretary to the Government of the Federation (SGF), Senator George Akume, who visited Yelewata in Guma Local Government Area and the Benue State University Teaching Hospital (BSUTH), Makurdi, where victims of the recent attacks were receiving medical attention, assured the people of the federal government’s support.

That was as the 2023 presidential candidate of Labour Party (LP), Mr. Peter Obi, commended Tinubu’s decision to visit Benue State in response to the gruesome killing of over 200 people last weekend.

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, condemned the Benue killings, describing it as barbaric, disturbing, and totally unacceptable.

In a similar vein, National Association of Seadogs, otherwise known as Pyrates Confraternity, said it was outraged and deeply pained by the continued orgy of violence and bloodletting that had once again erupted in Benue State.

National Human Rights Commission (NHRC) also said it was deeply disturbed by the recent escalation of violent attacks and killings in Benue and Plateau states.

On their part, American Veterans of Igbo Descent (AVID) called on the federal government to halt the genocide being perpetrated “in slow motion”, saying the federal government is treating the criminals with kid gloves.

An environment journalist and Chairman, Northern Christian Youth Professionals, Isaac Abrak, said Tinubu must be audacious in the battle to end insecurity and incessant attacks and killings in the country.

In Edo State, as part of efforts to stop the rising incidents of herdsmen attacks, the governor, Senator Monday Okpebholo, inaugurated two committees to tackle issues of security and land disputes in the state.

Addressing the activities of the senate, Adaramodu said beyond paying condolence visits whenever there were major attacks, the senate had perfected strategies to end barbaric killings across the country.

He stated, “About the tragic incident in Benue: it was very unfortunate. We sympathise with the victims and families affected. The senate, in collaboration with the executive, will visit Benue tomorrow (today) with a delegation of senators to commiserate with the Yelewata people.

“More importantly, we are organising a national security summit, not just for the military, but for CSOs, media, women, youth, and other critical stakeholders, because enough is enough. We cannot keep going from Plateau to Benue, paying condolence visits.

“We are tired of mourning. The time has come to act. Security is local, and locals must be part of the solution. With Mr. President’s support, the Senate and the House have appropriated adequate funds to support the military and security agencies.

“Together with traditional rulers and communities, we must put a stop to this bloodshed. Tomorrow’s visit to Benue will signal that the government is serious — both the legislature and executive.”

Adaramodu added, “When we hold the national security summit, we hope to uncover hidden problems and find lasting solutions to the killings of innocent Nigerians, not just in Benue or Plateau, but across the country.”

Akume, Others Assure Yelewata of Federal Government Support

Secretary to the Government of the Federation (SGF), Senator George Akume, yesterday, visited Yelewata, in Guma Local Government Area, and Benue State University Teaching Hospital (BSUTH), Makurdi, where victims of the recent attacks were receiving medical attention, to assure the people of the federal government’s support.

The visit preceded President Bola Tinubu’s scheduled arrival in the state today.

At both locations, Akume conveyed the president’s deep concern over the tragic loss of lives and displacement of residents caused by the renewed wave of violence.

He assured the wounded and bereaved of Tinubu’s commitment to not only providing immediate relief but also addressing the root causes of the conflict through a comprehensive and sustained security intervention.

Speaking at BSUTH, the SGF expressed the federal government’s resolve to ensure that security agencies acted decisively in accordance with the president’s directive.

He also reaffirmed that those behind the bloodshed, regardless of affiliation, would be apprehended and prosecuted.

While addressing residents in Yelewata, the SGF decried the killings as senseless and avoidable, adding that the federal government will not fold its arms in the face of such atrocities.

Akume urged affected communities to remain calm and cooperate with security operatives currently deployed to restore order.

He echoed Tinubu’s charge to Governor Hyacinth Alia to initiate reconciliation processes among the people, particularly farmers and herders, stressing the importance of peace and justice in rebuilding communal trust.

Obi Thanks Tinubu for Visiting Benue State

The presidential candidate of Labour Party (LP) in 2023, Mr. Peter Obi, commended Tinubu’s decision to visit Benue State today following the gruesome killing of over 200 people last weekend.

Reacting to the development, in a statement, Obi, who had earlier criticisedTinubu’s leadership style, said it was refreshing for Nigerians to learn that the president had “finally decided to visit the scene of the brutal killings in Benue State”.

While thanking the president for his decision, Obi asked him to also visit Niger State, where floods claimed many lives.

Obi stated, “It was refreshing news on Monday to a bewildered nation learning that President Bola Ahmed Tinubu has finally decided to visit the scene of the brutal killings in Benue State.

‘’For this, I thank him even as I make further request that similar gesture should be extended to Niger State that lost more number of human lives in a natural disaster, flood recently.”

The opposition leader maintained that the presence of the president in these “devastated and grieving communities” will be very reassuring and uplifting.

Both Benue and Niger states have lost over 200 lives each due to recent tragedies. In Mokwa alone, more than 200 people were confirmed dead, and over 1,000 are still missing following the floods.

“These are not just statistics; they are the lives of Nigerian families torn apart and their communities destroyed,” Obi stated.

He advised the president to let his visit to Mokwa in Niger State send a strong message that all Nigerian lives matter and that no community, no matter how rural, was forgotten.

Obi also urged Tinubu to step up security across the country, especially in disaster-prone areas.

Kalu Condemns Benue Killings, Tasks National Security Agencies on Collaboration

Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, condemned the killings in Yelewata and Daudu communities in Guma Local Government Area of Benue State, describing the massacres as barbaric, disturbing, and totally unacceptable.

Kalu, in a statement, urged security agencies to collaborate and act decisively to apprehend and prosecute the perpetrators of these heinous crimes.

Condoling the bereaved families and the Benue State government, the deputy speaker pledged the full support and commitment of the National Assembly to assist the federal and state governments, as well as relevant authorities through legislative measures in restoring peace and security.

He stated that as part of that commitment, the House Committee on Constitution Review on Monday convened a dialogue on National Security Architecture, and deliberated with key actors, getting their candid perspectives on the “malaise” in the constitution that impeded effective delivery of their mandates.

Kalu expressed optimism that the ongoing constitution review process, focusing on security and policing reforms, would facilitate inter-agency collaboration and intelligence coordination, as well as enhance border security strategies and promote regional stability for a unified approach to national security.

Kalu said, “The recent incident in Yelewata, Benue State, is not only disturbing but also deeply disheartening. The barbaric killing of members of the community is utterly unacceptable. I strongly condemn this wicked act carried out by unidentified individuals.”

Seadogs Call on FG to End Cycle of Bloodshed

National Association of Seadogs, also known as the Pyrates Confraternity, said it was outraged and deeply pained by the continued orgy of violence and bloodletting in Benue State.

In a statement by NAS Capn, Dr. Joseph Oteri, the association said it was in solidarity with the traumatised and bereaved families of Yelewata and other communities, who were victims of the senseless carnage.

Seadogs said, in a statement, “It is unconscionable that in the year 2025, entire communities in Nigeria still live under the shadow of fear, unable to sleep, farm, or assemble freely, because their lives are constantly under threat from well-armed killers who operate with brazen impunity.

“Reports of the recent massacre in Yelewata, with over 100 lives reportedly lost, should shake the conscience of every Nigerian and spur the government into decisive, responsible action. Tragically, that has not been the case.

“We strongly condemn not only the heinous acts of violence committed against innocent villagers but also the lukewarm response of the authorities whose duty it is to protect lives and property.”

The organisation said while it acknowledged Tinubu’s recent directive to security chiefs and the deployment of special forces to Benue State, these actions must not become yet another reactive gesture that fizzled out once the media spotlight waned.

NHRC: Killings in Plateau, Benue Can Lead to Crisis in Violation of Human Right to Life

National Human Rights Commission (NHRC) said it was disturbed by the recent escalation of violent attacks and killings in Benue and Plateau states.

Executive Secretary of NHRC, Dr. Tony Ojukwu, lamented that the incidents had resulted in the tragic loss of lives, displacement of innocent people, and wanton destruction of property, leaving many families and communities in trauma and despair.

Ojukwuemphasised that the right to life was a fundamental human right, enshrined in various international and national instruments.

He expressed concern that the attacks were degenerating into ethnic, religious, and communal tensions, warning that these, if not checked, can exacerbate the situation and lead to further human rights violations.

Ojukwu stated that NHRC was worried about the consequences of the ongoing carnage in Plateau and Benue during this rainy season, being the farming season.

He said, “As we are all aware, Benue is the food basket of the nation. The present insecurity, if unchecked, means that people can no longer go to the farms this farming season.

“The ongoing insecurity, particularly in the food producing regions of the country, all point to the looming famine and food insecurity in the near future.

“The trillions and billions borrowed from the banks to support local agriculture risk being wasted due to persistent insecurity and apparent lack of political will to deal with this menace for the past 10 years and more.”

American Military Veterans Blame FG for Treating Armed Herders with Kid Gloves

A group, American Veterans of Igbo Descent (AVID), called on the federal government to halt the genocide being perpetrated “in slow motion”.

The US-based group also stated that the continued detention of the leader of Indigenous People of Biafra (IPOB), NnamdiKanu, had paved the way for armed Fulani herders to have a field day, spreading terror unchallenged.

In a statement by President of AVID, Dr. Sylvester Onyia, the group said with Kanu out of the way, the herders had been emboldened to continue perpetrating “widespread atrocities”, killing, maiming and displacing people from their ancestral homes.

AVID called on the international community, human rights organisations, and global democratic institutions to take notice of the ongoing atrocities occurring in Benue State and other indigenous regions of Nigeria.

It stated that the extra-judicial rendition of Kanu, “a British citizen and prominent voice for indigenous self-determination from Kenya in 2021 in clear violation of international law”, had weakened resistance of indigenous peoples against armed herders.

The military veterans pointed out that there was more than met the eyes in the continued detention of the IPOB leader, despite multiple court orders for his release, adding that “it is not a matter of legal oversight”.

‘Tinubu Must Be Audacious in Seeking Solution’

An environment journalist and Chairman, Northern Christian Youth Professionals, Isaac Abrak, said Tinubu must be bold in the battle to end insecurity and incessant attacks and killings in the country.

Reacting to the recent Benue killings, in a letter to Tinubu, Abrak said, “But we cannot afford to fold our arms in despair. We must act differently. We must try something new, even if it has never been attempted anywhere in the world.

“For the sake of our people—our children, our farmers, our security personnel—we must do something bold to stop this carnage.”

Abrak also stated that “many of those who will oppose this letter are not the ones burying loved ones or watching their communities burn. They analyse from afar, removed from the pain. But real solutions come from those who feel the loss, from the hearts of those closest to the suffering”.

He said, “The Forest Guard must be led not by theories, data sheets, or Harvard-trained analysts alone, but by those who bleed when our villages bleed. I write this letter with a heavy heart.

“As someone who has spent most of my life reporting from hostile zones across our region, it has become painfully clear that the cycle of killings in our beloved country, particularly in the Middle Belt, as seen again in Benue, is unrelenting.

“Despite the gallant efforts of our military, police, and other security agencies, the attacks persist. Each time our forces strike a blow against the perpetrators, they appear to retreat briefly, only to re-emerge with even greater violence, targeting our most vulnerable: poor, innocent rural dwellers.”

Herdsmen Attack: Okpebholo Inaugurates Security, Boundary Committees in Edo

In order to tame the rising incident of herdsmen attacks, Edo State Governor Monday Okpebholo inaugurated two committees aimed at tackling issues of security and land disputes in the state.

The committees were Livestock Control Committee and Boundary Committee, with the mandate to ensure peace, stability and development across the state.

Inaugurating the livestock committee, Okpebholo said their mandate was to bring an end to the pervasive clashes between crop farmers and herders.

The 27-man committee was chaired by General Cecil Esekhaigbe (rtd). It had as members Dr. Ernest AfolabiUmakhikhe, AVM Charles Oghomwen, Mr. Alex Oijiagba, Comrade Saturday Okhuakhua, Samuel Arabomem, SylvanusBawa, Mrs. AikefeAgbavboa, Dr. OsagieAibuedefe, SP Eneremen Sunday, UcheNnatube, Sir Ignatius Enabulele, Ebaloghemen Godwin, and Ibgnigie O. Osaheni.

Others were Hon Moses Edo, Hon HarunaMuhammed, Dr Tony Ikpasaja, Oba palace representative, Onojie of Uzea, HRH Moses Akpamuka ETSU, AbdullahiBinne Danna, AdumHarun, Erhauyi Alfred Iyekekpolor, Mr. AkhimienObomehelu, and Omoh Yusuf, with Mrs. Diana EmagaIdahosa as the secretary.

During the inauguration, Okpebholoemphasised the gravity of the assignment, saying, “There is a task that we need to handle carefully while this assignment is being carried out. We have to carry it out with the fear of God so that we can have, especially, the best time and result.

“We can see what is happening today. Herders clashes here and there.

“You have to confine them to a particular location. That is the essence of this committee. I have people with a wealth of experience in the committee. So, I believe that with God on our side, we are going to achieve our purpose.”

In his acceptance speech, Esekhaigbe acknowledged the significant responsibility placed upon the committee.

He expressed appreciation to the governor for considering them fit for the task.

Esekhaigbe stated, “The terms of reference are very clear, and it is a reflection of one of your high points when you were coming into power as governor. I know security is one of the pillars of your five points agenda, and we all know one of the causative factors of insecurity in Nigeria as a whole is farming.”

Inaugurating the boundary committee, Okpebholo said it signalled a decisive move to address persistent boundary disputes affecting communities within Edo State and bordering neighbouring states.

Underscoring the urgency of the committee’s mandate, he said, “I am happy to see this moment because communities, especially the ones that share boundaries with us, have issues that border on clear landmarks.

“We have Ondo, we have Delta, we have Kogi State. So, we have boundary crises here and there. For this reason, I think the people before me today are the best to handle this task for the betterment of Edo people.”

The 14-man Boundary Committee was chaired by Edo State Deputy Governor, Rt. Hon. Dennis Idahosa.

Other members of the committee included the state Attorney General and Commissioner for Justice, Dr. Samson Osagie; Commissioner of Police, Monday Agbonika; Mr. Isaac Chikere; M. C. Monyei; Henry Aghedo; and Sir Lucky Eseigbe.

Also on the committee were Emmanuel Okoebor; the Commissioner for Information and Communication, Paul Ohonbamu; a representative of the Oba of Benin, Hon. Patrick Obahiagbon; Hon. AbasBraimah; and Hon. Patrick Ikhariale; with OzigboOsayande Duke as the secretary.

Speaking on behalf of the committee, the chairman, Idahosa, expressed gratitude for the opportunity and pledged the committee’s commitment to the crucial task.

Idahosa thanked the governor for the opportunity to serve, saying, “On behalf of all members of this committee, I wish to express our sincere gratitude and acceptance of this responsibility, which we pledge to discharge in fairness, transparency, and integrity.”

•SGF assures people of Yelewata of FG’s support, Obi thanks president for visiting state ChuksOkocha, Michael Olugbode, Sunday Aborisade, OnyebuchiEzigbo, Juliet Akoje in Abuja, Emmanuel Ugwu-Nwogoin Umuahia,AdibeEmenyonuin Benin City and

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Tinubu: INEC Backbone of Our Democratic Journey, Role Key to Public Trust in Govt

•Says his commitment to strengthen electoral system unshaken

•Commission rejects Damagum’s notification for June 30 PDP NEC meeting, says not compliant

DejiElumoye, ChuksOkocha, OlawaleAjimotokanandAdedayoAkinwale in Abuja

President Bola Tinubu has described the Independent National Electoral Commission (INEC) as the backbone of Nigeria’s democratic journey, stating that its role in the conduct of free, fair, and credible elections is central to the trust the public places in the government and in its democratic processes. Tinubu stated this yesterday at the ground-breaking ceremony for the new national headquarters annex building of the commission in Abuja.

Tinubu’s comments came as INEC rejected the notification sent to it by Peoples Democratic Party (PDP) for its proposed June 30 National Executive Committee (NEC) meeting, saying it is not in sync with due process.

The president said the construction of a new INEC headquarters was not merely about bricks and mortar, but about the strength of Nigeria’s democracy, the independence of its institutions, and the future of its electoral integrity.

He stated, “INEC has been and remains the backbone of Nigeria’s democratic journey. Its role in conducting free, fair, and credible elections is central to the trust our people place in their government and in our democratic processes.

“For this reason, it is only right that such a pivotal institution is housed in a structure that reflects its dignity, responsibility, and national significance.

“This new headquarters is a clear signal of our unwavering support for INEC’s autonomy, capacity, and growth. It will provide not just a home, but a hub for innovation, planning, training, and transparency in electoral administration.”

Tinubu described the country’s democracy as nascent, saying as it evolves, so, too, must the institutions that support and protect it.

He said, “We are committed to ensuring that INEC is fully equipped — not only in infrastructure, but in law, policy, and resources — to carry out its constitutional mandate with courage, fairness, and excellence.

“The FCT minister, Barrister EzenwoNyesomWike, has taken another bold step in ensuring the protection of our democracy by initiating this lauding project. I salute his courage as I am, indeed, proud of him.”

The president applauded the leadership and staff of INEC, past and present, for their dedication in the face of challenges, saying with the ground-breaking, the administration has also laid a stronger foundation for democratic resilience in Nigeria.

He reminded Nigerians that democracy was not a destination but a journey, urging them to collaborate with government to strengthen national institutions, safeguard freedoms, and protect the future.

In his remarks, Minister of the Federal Capital Territory (FCT), NyesomWike, expressed gladness that Tinubu found time to personally perform the ground-breaking ceremony of the INEC Annex Building to complement the current headquarters of the commission.

Wike said for a long time, the commission had been grappling with the problem of inadequate office accommodation. He said the current national headquarters, commissioned in 1997, was severely congested, as it was originally planned to cater for eight commission members.

He stated that since then, the activities of the commission had become more extensive, while the staff strength at the headquarters had more than doubled to 1,048 staff, including 13 full-time commission members, a chairman, 12 national commissioners, and 22 departments and directorates.

Wike said, “In response, the commission was compelled to rent two buildings in Wuse Zone 2 to ease the situation. Over the last 10 years, we made every effort to alleviate the situation until sometime last year, when the Minister of the Federal Capital Territory came to the rescue.

“In fact, today’s ground-breaking event is the third time in the last 34 years that the FCDA, in the discharge of its responsibilities, is stepping in to either provide office accommodation or alleviate the commission’s space constraint.”

He added that provision was made in the proposed headquarters for offices, meeting rooms, conference rooms, a 1,000-seat auditorium, and offices for some of IT-based facilities, such as the Election Monitoring and Support Centre.

According to him, the building also has provision for a museum to serve as a repository of the fiscal and digital history of elections and electoral activities in Nigeria.

The minster stated, “This will afford citizens, particularly students, that regularly visit the commission on excursion, the opportunity to appreciate the evolution of our electoral history, as is the case in major jurisdictions around the world.

“The main building opposite the present site shall remain the national headquarters of the commission. When completed, the new building will complement the main building.”

Chairman of INEC, Professor MahmoodYakubu, said the commission had been grappling with inadequate office accommodation.

Yabuku stated, “Our present national headquarters is severely congested. Commissioned in December 1997, it was originally planned to cater for eight commission members (a Chairman and seven full-time National Commissioners), 10 Departments/Directorates and 500 staff.

“Since then, the activities of the commission have become more extensive and the staff strength at the headquarters has more than doubled. Today, there are 13 full-time ccommission members (a Chairman and 12 National Commissioners), 22 Departments/Directorates and 1,048 staff.

“Consequently, every facility is overstretched, from offices to meeting rooms for the commission’s 15 standing committees and other activities, including regular engagements with stakeholders.”

Yakubu stressed that general staff meetings always took place outside the commission. He added that the commission was forced to rent two buildings in Wuse Zone II to ease the situation.

The chairman added that over the last 10 years, INEC had made effort to alleviate the situation, until last year when the FCT administration came to the rescue.

He said, “I wish to make it clear that this is not the first time that the Federal Capital Development Authority (FCDA) is constructing an office for the electoral commission.

“When the commission relocated its headquarters from Lagos to Abuja in 1991, it was the FCDA that provided it with offices in Garki to accommodate the national headquarters as well as the FCT office.

“When the facility became overstretched, the FCDA again built our present headquarters. The building in Garki now operates exclusively as our FCT Office.

INEC Rejects Damagum’s Notification for June 30 NEC Meeting, Says Not Compliant

INEC rejected PDP’s notification for its proposed June 30 NEC meeting, saying it is not in sync with due compliance.

The June 30 NEC meeting was to formally discuss the issue of the substantive national secretary of the party and approve the report of the zoning committee for the national convention in Kano scheduled for August 29 and 30.

The zoning committee is headed by Governor DouyeDiri of Bayelsa State.

PDP had formally informed INEC of its plan to convene a NEC meeting on June 30.

In the letter dated May 30 and addressed to the INEC chairman, acting National Chairman of PDP, Umar Damagum, informed the commission that the 100th NEC meeting would hold on June 30 at the national secretariat of the party in Abuja.

Damagum said the notification was in line with INEC regulations requiring a 21-day notice before any NEC meeting to decide on issues, like National Secretary and others.

But INEC, in its response dated June 13, 2025, said, “Your letter on the above subject refers. The commission draws your attention that the notice is not in compliance with the requirement of part 2(12)3 of the Regulations and Guidelines for Political Parties, 2022, that provides ‘the National Chairman and National Secretary of the party shall jointly sign the notice of convention, congress, conference or meeting and submit same to the commission’. Be guided. Please, accept the assurance of the commission’s high regards.”

The acting secretary to the commission, HaliruAminu, signed the letter.

A fortnight ago, friends of the FCT minister had cautioned that any move made without involving or recognising Senator Samuel Anyanwu as National Secretary would be considered invalid and could worsen the ongoing crisis within the party.

But an insider disclosed that Damagum took the initiative to write to INEC regarding the 100th NEC meeting in line with decisions taken at the 99th NEC meeting.

The source said, “The letter is in order. The 99th NEC had already scheduled and announced June 30 as the date for the 100th NEC meeting. Due to many unresolved issues from the last meeting, the party had to write INEC ahead of the next NEC meeting to ensure the commission was involved in efforts to address those pending matters.

“Don’t forget that the 99th NEC set up the National Convention Committee and the Zoning Committee and assigned other responsibilities. So, the upcoming meeting will approve and populate the committees, as well as receive reports where necessary.

“Apart from that, the 100th NEC may also take decisive action to resolve the dispute over the national secretary position and is expected to ratify the zonal congresses, among other key matters.”

When contacted, Anyanwu simply said, “INEC has spoken.”

The implication is that the planned NEC meeting slated for June 30 may not hold, as it would not meet the 21 days’ notification requirement for any meeting as specified in Section 2(12)3 of the Regulations and Guidelines for Political Parties, 2022.

That section provides that a party’s national chairman and national secretary shall jointly sign the notice of its convention, congress, conference or meeting and submit same to INEC.

•Says his commitment to strengthen electoral system unshaken •Commission rejects Damagum’s notification for June 30 PDP NEC meeting, says not compliant DejiElumoye, ChuksOkocha, OlawaleAjimotokanandAdedayoAkinwale in Abuja President Bola Tinubu has

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CBN Affirms strength of Nigerian Banking Sector, Issues Routine Guidance for Banks Under Forbearance

•Banks’ shares dipped further

James Emejo in Abuja,NumeEkegheandKayodeTokede in Lagos

In a move aimed at calming market jitters and ensure smooth transition from regulatory forbearance, the Central Bank of Nigeria (CBN) yesterday affirmed strength of the Nigerian bank sector revealing that it issued routine transitional guidance to banks navigating post-forbearance adjustments.

Precisely, the central bank stated that the time-bound measures are for some banks still completing their transition from the temporary regulatory support it had provided them.

In a statement signed by its Acting Director, Corporate Communications, Mrs. HakamaSidi Ali, the apex bank stated that the step was part of the CBN’s broader, sequenced strategy to implement the recapitalisationprogramme announced in 2023.

Still reeling from the effect of the policy, the Nigerian equities market extended losses yesterday, as the NGX All-Share Index declined by 0.30 percent to close at 114,910.16 points. Market capitalisation also declined by 0.25 percent and closed at N72.50 trillion.

Sustained investor sentiment on the back of the CBN forbearance circular was the primary driver of the negative sentiment as United Bank for Africa shares dipped by 5.57 percent to close at N32.20 per share; FIRSTHOLDCO dipped by 4.15 percent to close at N25.40 per share, Access Corporation shares also depreciated by 2.2 percent to N20.05 per share, and Fidelity Bank dipped by 0.55 per cent to close at N18.20 per share.

The CBN explained, “The programme, designed to align with Nigeria’s long-term growth ambitions, has already led to significant capital inflows and balance sheet strengthening across the sector. Most banks have either completed or are on track to meet the new capital requirements well before the final implementation deadline of March 31, 2026.

“The measures announced apply only to a limited number of banks. These include temporary restrictions on capital distributions, such as dividends and bonuses, to support retention of internally generated funds and bolster capital adequacy. All affected banks have been formally notified and remain under close supervisory engagement.

“To support a smooth transition, the CBN has allowed limited, time-bound flexibility within the capital framework, consistent with international regulatory norms. Nigeria generally maintains Risk-Based Capital requirements that are significantly more stringent than the global Basel III minimums. “

“For example, Nigerian international banks are required to hold a minimum Tier 1 capital of 11.25 percent of the bank’s risk-weighted assets, nearly double the Basel III benchmark of six percent.

“These adjustments reflect a well-established supervisory process, consistent with global norms. Similar transitional measures have been implemented by regulators in the U.S., Europe, and other major markets as part of post-crisis reform efforts,” it added.

In a circular dated June 13, 2025, and signed by Director of Banking Supervision, Dr. OlubukolaAkinwunmi, the CBN had 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, was part of a broader strategy to ensure that banks operating under forbearance supervision strengthened their financial resilience and fully complied with capital adequacy and loan provisioning standards.

CBN had emphasised that the restrictions were temporary and will be lifted once key conditions were met, a full exit from regulatory forbearance, and independent verification of capital and provisioning levels as being within acceptable regulatory thresholds.

The new CBN directives were designed to ensure full provisioning for high-risk exposures and improve cash-based profitability metrics.

In the latest statement, the CBN stressed that it remains fully committed to continuous engagement with stakeholders throughout this period via the Bankers’ Committee, the Body of Bank CEOs, and other industry forums, adding that the goal was to ensure a transparent, predictable, and collaborative regulatory environment.

“Nigeria’s banking sector remains fundamentally strong. These measures are neither unusual nor cause for concern, they are a continuation of the orderly and deliberate implementation of reforms already underway.

“The CBN will continue to take all necessary actions to safeguard the sector’s stability and ensure a robust, resilient financial ecosystem that supports sustainable economic growth,” it added.

THISDAY had reported that the genesis of the matter was that during the COVID-19 crisis, the CBN granted forbearance to the entire banking industry to enable banks withstand the challenge posed by the pandemic.

However, the industry regulator had given a deadline of December 2024 to phase out the policy. This saw some industry players putting pressure on CBN to extend it by another year, but the CBN Governor, Mr. Olayemi Cardoso, maintained that in line with his return to orthodoxy, he would not extend the deadline, which made him to give all operators six months extra, which expires this month.

THISDAY learnt that Cardoso believed banks should not be paying dividends and bonuses to shareholders and directors while carrying forbearance.

•Banks’ shares dipped further James Emejo in Abuja,NumeEkegheandKayodeTokede in Lagos In a move aimed at calming market jitters and ensure smooth transition from regulatory forbearance, the Central Bank of Nigeria