NewsReports

The Inspector-General of Police, Kayode Egbetokun, has rejected the state police proposal, warning that the governors can abuse the outfit for political or personal gains and compromise human rights and national security. The IG stated this at the national dialogue on state policing organised by the House of Representatives in Abuja, on Monday, with the theme, ‘Pathways to Peace: Reimagining …

• Banks, AMCON lack capacity • Fed Govt revokes $200m metering contract The Federal Government yesterday vowed to sell off the five electricity Distribution Companies (DisCos) as blackout persists. A $200m non-performing metering contract awarded since 2021 has been revoked by the Federal Government. Minister of Power Adebayo Adelabu said banks and the Asset Management Company (AMCON), which have been managing these …

The polity was divided, yesterday, over the clamour for state police in Nigeria as leaders brainstormed at a one-day national dialogue on state policing organised by the House of Representatives. While some leaders backed state police, the Inspector General of Police, Kayode Egbetokun, disagreed, countering that Nigeria was not ready or mature for it because it was open to abuse by …

• Omosehin faces litigation hurdle to reactive process • Naira depreciation, inflation shrink industry capacity   • At 0.5 per cent, Nigeria among countries with lowest penetration• Industry behind South Africa, Kenya, Ghana• Underwriters about 10 times more capitalised in 2007 Nigerian insurance companies may join banks soon to source for fresh funds to inject into the industry as a staunch advocate of the muted recapitalisation, Olusegun Omosehin, assumes office soon as the …

The Federal Government is planning to launch three new national identity cards in May. The target, it says, is to provide for about 104 million citizens throughout the country. According to the Technical Adviser, Media, and Communications to the Director-General of the National Identity Management Commission (NIMC), Ayodele Babalola, the new cards are a bank-enabled National ID card, social intervention …

Governor Lucky Aiyedatiwa of Ondo State has secured the nomination of the All Progressives Congress (APC) for the forthcoming November 16 governorship election, following his declaration as the party’s candidate. Aiyedatiwa clinched the nomination with a resounding victory, amassing a total of 48,569 votes in the primaries. His closest contender, Mayowa Akinfolarin, trailed behind with 15,343 votes, while Chief Olusola Oke secured the third …

Barring any last-minute change of plans by the board of First Bank of Nigeria Plc, Olusegun Alebiosu, the currentexecutive director/chief risk officer/executive compliance officer of the bank, will succeed Adesola Adeduntan, who resigned as managing director yesterday after nine years at the helms. Reliable sources familiar with the matter said the board of the bank has approved Mr Alebiosu’s appointment and …

“Yes, we will do anything for the poor man; anything but get off his back.” — Leo Tolstoy, 1828-1910. If the first year of  Tinubunomics is an indication of what is in store for the middle class and the poor people of Nigeria, then, it is time to abandon hope. Information available to us daily proves beyond reasonable doubt that …

Josiah Majebi is the fifth Chief Judge of Kogi State (in North-Central Nigeria) in four years. He has been in office as substantive Chief Judge since the beginning of February 2023, having acted in that role since June 26, 2022 when his predecessor, Richard Olorunfemi, retired. Henry Olusiyi served in that office for just under seven months from the end of …

With the Ibadan security breach, the police and other units of the intelligence community have once more been exposed for their gross incompetence. Secessionists under the aegis of Ominira Yoruba 22 stormed Ibadan and tried to seize the Oyo State Government Secretariat on 13 April. Their ultimate ambition was the violent takeover of the state’s House of Assembly and Government …