NIGERIA NEWS
Electric buses: No plan to drive you away – Abia Govt allays Keke riders’ fears
Abia State government has assured members of the Abia State Tricycle Operators Union, ASTOPU, that the electric buses being introduced in the State will not drive them away from jobs, but will complement transport services in the State.
Commissioner for Transport, Chimezie Ukaegbu disclosed this on Tuesday, at Aba Town Hall during the 2025 ASTOPU reward and empowerment ceremony.
He assured that under the watch of Governor Alex Otti, tricycle operators would continue to do their operations, considering their contributions to the state’s revenue.
Ukaegbu also said that tricycle operators in Abia state, especially those in Aba, have shown great support to the state government and advised them to prioritise their security and safety by avoiding alcoholism.
He promised that his Ministry, in partnership with the office of the Senior Special Assistant to the Governor on Transportation, would continue to protect them and urged ASTOPU executives to maintain visionary leadership.
Also speaking, the Senior Special Assistant to the Governor on Transportation, Obioma Nwaogbe said that Tricycle operators are benefitting from the State government’s infrastructure.
Earlier in his address, the Chairman of ASTOPU, Victor Azubuike said the executive arm of the union organised the event to reward 164 tricycle operators who returned forgotten items to their office for their original owners to reclaim, and to encourage good conduct among the transporters.
NIGERIA NEWS
“I didn’t know Corps members get sacked” – NYSC lady confused as PPA sacks her
A corps member has cried out on social media after she and other corps members were suddenly sacked from their Primary Place of Assignment (PPA) during their ongoing National Youth Service Corps (NYSC) programme.
Corps Member Shares Shocking Experience
The lady, who is currently serving under the NYSC scheme, took to X to share her experience, saying the decision came without any clear explanation.
Sudden Sack at Place of Assignment
According to her, several corps members posted to the same organisation were relieved of their duties at the same time.
She said none of them was told what led to the decision, leaving everyone confused and shocked.
Corps Member Speaks Out Online
The corps member, identified on X as @barokahoyin, revealed that she did not even know it was possible for corps members to be sacked from their PPA.
She explained that the development caught her completely off guard.
How the Incident Happened
Recounting what happened, she said they were asked to report to the office with their PPA letters.
At first, she thought it was for a positive reason, possibly a December-related gesture from the organisation.
However, things turned out differently.
“They actually just sacked all of us in my ppa, I didn’t know corp members usually get sacked. I hope we remain sacked till January ending tho. They asked us to come with our ppa letter this morning, I was thinking maybe they wanted to give us something for December oh, only for them to write rejected on all of our letters, and stamped it,” she said.
Mixed Reactions Online
The post quickly gained attention online, with many Nigerians reacting in the comment section. While some expressed sympathy, others shared similar experiences or questioned whether corps members could be dismissed in such a manner.
As of the time of this report, the reason behind the sack remains unclear, leaving many Nigerians wondering whether such actions align with NYSC rules and regulations.
See below:

NIGERIA NEWS
2027: I will not be vice president to anybody – Amaechi rejects deputizing Atiku
Former Minister of Transportation, Rotimi Amaechi has vowed not to deputize any presidential candidate in the 2027 general elections.
There has been speculation that the former governor would deputize ex-vice president, Atiku Abubakar, who is likely emerging as the flagbearer of the African Democratic Congress, ADC.
But speaking at an event in Abuja, Amaechi clarified that he is too presidential to be anybody’s vice.
“I will not be vice president to anybody. There are too many reasons why I won’t be vice president to anybody.
“The first reason is that I’m too presidential to be vice”, he said.
According to Amaechi, who is also eyeing the presidential ticket of the ADC, the problem with the office of vice president is not ceremonial, it is structural.
The former governor of Rivers State claimed that in Nigeria, the office of the vice president is designed to be subordinate, often powerless, and depend entirely on the temperament of the president.
“We will quarrel, instead of that, I would rather be a minister than be a vice president”, Amaechi said.
NIGERIA NEWS
Procedure and Personalities Power Game at Senate’s Ambassadorial Screening Drama – THISDAYLIVE
The screening of ambassadorial nominees is ordinarily a ritual steeped in routine, an institutional checkpoint where credentials are verified, regional balances observed and the broad outlines of Nigeria’s foreign policy ambitions quietly affirmed. But last week’s proceedings before the Senate Committee on Foreign Affairs ruptured that calm, exposing the deeper political undercurrents shaping the Bola Tinubu administration’s diplomatic reset. Sunday Aborisade reports.
What unfolded in one of the Committee rooms of the National Assembly last week was not merely a procedural disagreement; it was a vivid illustration of how personality, power, precedent and partisanship intersect in the confirmation of those who will represent Nigeria abroad.
At the centre of the storm was Reno Omokri, a high-profile non-career ambassadorial nominee whose screening triggered a heated exchange between two senior lawmakers, Senators Adams Oshiomhole and Ali Ndume.
Their confrontation, played out in raised voices and sharp procedural arguments, momentarily hijacked the session and drew national attention to what is often a perfunctory exercise.
A day earlier, another incident, this time involving a career diplomat who could not name all three senators from his home state, had already placed the competence and preparedness of nominees under a harsh spotlight.
Together, these episodes transformed the screenings into a broader conversation about standards, symbolism and the Senate’s constitutional role in shaping Nigeria’s external face.
Beyond the drama, the ambassadorial screening exercise reflects a moment of transition in Nigeria’s foreign service. President Tinubu’s submission of 65 nominees, 34 career and 31 non-career, signals an intention to recalibrate diplomatic missions after months of vacancies and acting appointments.
The list blends seasoned diplomats with political heavyweights, former governors, retired service chiefs and presidential allies, underscoring the dual character of Nigeria’s ambassadorial system: professional diplomacy on one hand and political representation on the other.
It was within this context that the Senate Committee on Foreign Affairs, chaired by Senator Mohammed Bello, a former governor of Niger State, commenced a staggered screening process.
The approach, grouping nominees and, where applicable, allowing former legislators and senior public office holders to take a bow and go, followed long-standing parliamentary convention. Yet, as events would show, convention itself can quickly become contested terrain when personalities collide and political stakes rise.
The flashpoint came during the screening of a mixed group of nominees that included four career diplomats and Omokri, a non-career nominee and widely known public commentator.
Senator Ndume, representing Borno South, moved a motion that the group be allowed to take a bow and leave, arguing that the career diplomats were already familiar to the committee and that Omokri’s public profile made further questioning unnecessary. Before the motion could be formally seconded, other senators indicated interest in speaking, prompting the chairman to recognise additional interventions.
What might have remained a minor procedural detour escalated sharply when Senator Oshiomhole was recognised to speak while Ndume insisted that no debate could proceed until his motion had been duly seconded.
Oshiomhole rejected that position, insisting that recognition by the chairman conferred the right to address the committee. The disagreement quickly degenerated into a shouting match, halting proceedings for nearly 20 minutes and forcing the chairman to repeatedly appeal for order.
At stake was not only the fate of a single motion but the authority of the chair, the interpretation of Senate rules and, implicitly, the influence individual senators wield within committee deliberations.
When calm was partially restored, Oshiomhole used his contribution to mount a spirited defence of Omokri, portraying him as a pragmatist capable of growth and national loyalty despite past criticisms of President Tinubu and the ruling party. He argued that the President’s willingness to nominate former critics demonstrated political maturity and inclusiveness, qualities he said deserved commendation rather than suspicion.
Ndume, however, maintained that the absence of any formal petition against Omokri rendered prolonged debate unnecessary.
His insistence on procedure, that a motion not seconded was dead, stood in contrast to Oshiomhole’s emphasis on discretion and political judgment. The exchange laid bare differing philosophies of legislative oversight: one rooted strictly in rules, the other in political context.
For many observers, the clash was emblematic of the Nigerian Senate itself, a chamber where procedure often masks deeper struggles over influence. Both Oshiomhole and Ndume are seasoned politicians with reputations for independence and strong personal convictions. Their confrontation, some lawmakers privately admitted, was less about the nominee in question than about who sets the tone and pace of deliberations within powerful committees.
While the episode raised concerns about decorum and efficiency, others argued that it represented democracy in action, however untidy. Parliamentary scrutiny, they noted, is rarely a sterile exercise, especially when nominees carry significant political baggage or symbolism.
If Thursday’s confrontation highlighted political tension, Wednesday’s screening underscored anxieties about competence. Emmanuel Adeyemi, a career diplomat from Ekiti State with impressive academic credentials and foreign postings, stumbled when asked to name all three senators representing his state. After correctly mentioning Senate Leader OpeyemiBamidele and Senator YemiAdaramodu, he faltered, unable to recall Senator Cyril Fasuyi. The situation worsened when a member of his delegation was seen hurriedly searching online for the missing name.
The lapse drew sharp rebukes from committee members. Senator AsuquoEkpenyong described the incident as symptomatic of a deeper malaise, warning that Nigeria’s international image could ill afford such moments of unpreparedness. Senators Oshiomhole and Seriake Dickson echoed the concern, stressing that attention to detail and political awareness were essential attributes for diplomats expected to project the country’s interests abroad. Though pleas were made for leniency, the damage had been done.
The incident exposed a paradox within the screening process. Career diplomats are presumed to possess technical expertise and institutional knowledge, yet their insulation from domestic political realities can become a liability in a system where ambassadors are also expected to navigate Nigeria’s internal political landscape with confidence.
Underlying both episodes is the enduring debate over the balance between career and non-career ambassadors. Advocates of professional diplomacy argue that training, protocol mastery and continuity are indispensable in a complex global environment.
Supporters of political appointments counter that envoys must also be trusted representatives of the President, capable of advancing political and economic interests with authority and access.
President Tinubu’s nominee list reflects an attempt to blend both approaches.
Alongside experienced diplomats such as Sulu Gambari and Maimuna Ibrahim are political figures including former governors IfeanyiUgwuanyi and Victor Ikpeazu, retired military chiefs Abdulrahman Dambazzau and Ibok-EteIbas, and outspoken political actors like Femi Fani-Kayode and Reno Omokri.
The Senate’s task, therefore, extends beyond individual vetting to ensuring that the overall composition of the diplomatic corps aligns with Nigeria’s strategic priorities.
The frequent resort to the “take a bow and go” convention also came under renewed scrutiny. While the practice is designed to expedite proceedings for former lawmakers and senior officials already known to the Senate, critics argue that it risks weakening accountability. In an era of heightened public scrutiny, even symbolic questioning, they contend, reassures citizens that no nominee is above examination.
Senate Leader, OpeyemiBamidele defended the convention, noting that many nominees had previously served in the National Assembly and were well known to their colleagues. Yet the Omokri episode demonstrated that familiarity does not always translate into consensus or calm.
Beyond the theatrics, the screenings are a prelude to a significant overhaul of Nigeria’s diplomatic missions. Years of underfunding, prolonged vacancies and shifting geopolitical realities have weakened the country’s presence abroad.
The Tinubu administration has signalled its intention to reinvigorate diplomacy as a tool for economic recovery, security cooperation and diaspora engagement. The quality, credibility and cohesion of Nigeria’s ambassadors will be central to that ambition.
In the end, the uproar in the Senate chamber was uncomfortable, at times unedifying, but ultimately revealing. It exposed the tensions inherent in Nigeria’s democratic institutions, between procedure and politics, expertise and loyalty, efficiency and debate.
For a public often shielded from the inner workings of legislative oversight, the spectacle offered a rare glimpse into how decisions shaping Nigeria’s global representation are contested and concluded.
As the Senate moves to wrap up the confirmation process, the challenge will be to rise above personality clashes and focus squarely on substance. Nigeria’s ambassadors will soon carry the nation’s flag abroad; the process that produced them must, despite its imperfections, reflect the seriousness and responsibility of that task.
NIGERIA NEWS
Malami releases Salami report indicting EFCC chairman
Former Attorney-General of the Federation, Abubakar Malami, mhas released excerpts of the Justice Ayo Salami judicial commission of inquiry report which he says indict the chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede.
In a statement issued on Tuesday by Mohammed Bello Doka, his media aide, Malami said chapter nine of the Salami report shows a clear conflict of interest that makes the EFCC chairman’s continued involvement in matters relating to him untenable.
Malami said the Salami judicial commission of inquiry was established under his supervision to investigate allegations of corruption and abuse of office within the EFCC.
He said the current EFCC chairman served as secretary to the commission at the time.
According to the statement, chapter nine of the report examined the conduct and responsibilities of senior EFCC officials and created personal and professional exposure for individuals now exercising prosecutorial authority over Malami.
Malami said the EFCC’s actions against him could not be reasonably interpreted as neutral law enforcement but amounted to a personal vendetta rooted in unresolved issues arising from the report.
He said the law on recusal is settled and is based on the test of reasonable apprehension of bias rather than proof of actual malice.
Malami said any reasonable observer aware of the circumstances surrounding chapter nine of the Salami report would conclude that he cannot receive an impartial investigation under the current leadership of the EFCC.
The former AGF accused the commission of violating his fundamental rights through unlawful restrictions on liberty and denial of fair hearing.
He also alleged a sustained trial by media through selective leaks and public commentary aimed at securing public condemnation before judicial determination.
Malami said the pattern of conduct by the EFCC reflects an attempt to criminalise lawful policy decisions taken while he was in office.
He said he is willing to submit himself to a neutral and independent investigative process and to face trial only before a court of competent jurisdiction.
Malami demanded the immediate recusal of the EFCC chairman from all matters relating to him.
“This is not a personal dispute; it is a constitutional issue. If the EFCC is allowed to function as an instrument for the settlement of personal scores and grievances, then the rule of law itself is imperilled.
“Abubakar Malami, SAN, will continue to insist on justice according to law and due process, not persecution by power,” the statement said.
NIGERIA NEWS
Tinubu Meets Labour Leaders Over Planned Nationwide Protest
President Bola Tinubu has held a crucial closed-door meeting with leaders of organised labour as tensions rise over a planned nationwide protest by workers.
The engagement took place late Tuesday night at the State House in Abuja, amid growing concerns over unresolved labour demands and economic pressure on Nigerians.
The meeting comes at a critical moment, with the Nigeria Labour Congress (NLC) threatening mass protests across the country.
Labour leaders have accused the Federal Government of failing to fully honour earlier agreements on workers’ welfare, wage-related issues, and measures to ease the rising cost of living.
In a statement released Tuesday night, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed that top government officials and governors were part of the discussions.
“President Bola Ahmed Tinubu met with the leadership of the NLC, along with the chairman of Progressive Governors Forum, Hope Uzodimma, Governor of Edo State, Monday Okpebholo and Governor of Kebbi State, Dr Nasir Idris and the Minister of State Labour, Honourable Nkeiruka Onyejeocha,” the statement partly read.
According to the statement, the Nigeria Labour Congress was represented by its national leadership at the high-level meeting.
“The chairman of the NLC, Comrade Joe Ajaero, led the labour leaders to the meeting on Tuesday night at the State House, Abuja,” it added.
The engagement followed days of heightened rhetoric from organised labour. The NLC had warned that it would mobilise workers for nationwide protests if the government failed to act on key demands.
These include concrete relief measures to cushion the impact of recent economic reforms, improved wages, and urgent intervention to address the worsening socio-economic conditions faced by workers and their families.
Labour leaders have repeatedly expressed frustration over what they describe as delays in implementing agreements reached during previous negotiations with the Federal Government.
They warned that continued inaction could lead to widespread industrial action and street protests in major cities across the country.
As of the time of filing this report, details of the discussions remain unclear. Neither the Federal Government nor the NLC leadership has issued an official statement on the outcome of the meeting or whether it has altered plans for the proposed protest.
NIGERIA NEWS
NGX Index inches up 0.01% as investors grab Access Corp
The Nigerian Exchange (NGX) closed marginally higher on Tuesday, buoyed by a sharp increase in trading volume and value largely driven by Access Corp Plc. Investors in the shares of the Tier 1 lender exchanged 385.834 million units valued N7.72 billion in 1,372 deals.
But the stock price remained unchanged at N20.00 per share.
At the end of the session, total transactions stood at 1.026 billion shares exchanged in 23,701 deals, with a market value of N21.83 billion. Compared with the previous trading day, volume rose by 85.52%, while traded value increased by 64.48%. However, the number of deals dropped by 18.01%.
The NGX’s key performance indicators of All Share Index (ASI) and the market capitalisation inched up by 0.01%, closing at 149,459.11 points (+21.23 basis points) and N95.28 trillion respectively.
Banking, consumer stocks drove turnover and value
Trading activity was dominated by banking and consumer goods stocks, as investors focused on high-liquidity stocks. Access Holdings led the activity chart while Sterling Financial Holdings, FCMB Group, and First HoldCo also attracted strong institutional interest.
A total of 129 listed equities participated in trading, ending the session.
In terms of gainers and losers a total of 31 stocks recorded gains led by Aluminium Extrusion Industries, which surged by the maximum 10% to close at N9.35, while 26 stocks recorded losses led by Haldane McCall with the steepest decline, shedding 9.93% to close at N3.72 per share.
Guinness Nigeria followed closely with a 9.98% rally to N263.40 as investors returned to select consumer stocks. MeCure Industries and Multiverse Mining & Exploration also posted near-limit gains of 9.95% each, closing at N45.85 and N12.15, respectively.
On the losing side, LivingTrust Mortgage Bank and Veritas Kapital Assurance both fell by 9.09% to N3.50 and N1.60, while Linkage Assurance also closed lower at N1.65, reflecting profit-taking pressure.
Key market indicators
- ASI: Up 0.01% to 149,459.11 points
- Market Capitalisation: Up 0.01% to N95.28 trillion
- Deals: Down 18.01% to 23,701 deals
- Volume: Up 85.52% to 1.03 billion shares
- Value: Up 64.48% to N21.83 billion
- Market Breadth: Positive, with 31 gainers against 26 losers
- Year-to-Date Market Return: +45.21%
Top 5 Gainers
- ALEX: Up +10.00% to N9.35 from N8.50
- GUINNESS: Up +9.98% to N263.40 from N239.50
- MULTIVERSE: Up +9.95% to N12.15 from N11.05
- MECURE: Up +9.95% to N45.85 from N41.70
- SOVRENINS: Up +9.89% to N4.11 from N3.74
Bottom 5 Losers
- HMCALL: Down −9.93% to N3.72 from N4.13
- LIVINGTRUST: Down −9.09% to N3.50 from N3.85
- VERITASKAP: Down −9.09% to N1.60 from N1.76
- LINKASSURE: Down −5.71% to N1.65 from N1.75
- CHAMPION: Down −5.63% to N13.40 from N14.20
Biggest Volumes
- ACCESSCORP: Traded 385.83 million shares, valued at N7.72 billion
- CHAMPION: Traded 111.78 million shares, valued at N817.82 million
- STERLINGNG: Traded 85.49 million shares, valued at N589.88 million
- FCMB: Traded 74.69 million shares, valued at N791.47 million
- FIRSTHOLDCO: Traded 51.92 million shares, valued at N1.83 billion
Performance across sector indices
The NGX Insurance Index rose by +0.36%, while the Consumer Goods Index advanced by +0.21%, extending its impressive year-to-date gain beyond 100%.
The NGX Pension and Premium indices also closed slightly higher. However, the NGX Top 30 Index dipped by -0.08%, and the Main Board Index edged down by -0.01%.
With liquidity remaining strong and investors rotating into fundamentally sound and high-volume stocks, market sentiment is expected to stay cautiously optimistic in the near term, even as selective profit-taking persists.
NIGERIA NEWS
Suicide bomber kills 5 soldiers at Borno military checkpoint
At least five soldiers have been killed following an attack by a suspected suicide bomber in Pulka, near Gwoza Local Government Area of Borno State.
The incident reportedly occurred in the early hours of Sunday, according to security sources and local media reports.
As of the time of filing this report, the Nigerian Army has yet to issue an official statement on the attack.
A security source familiar with the incident disclosed that the assailant successfully evaded security checks and made his way to a military checkpoint in the area.
The bomber was said to have spent the night concealed behind sandbags at the location before carrying out the attack the following morning.
According to the source, the suspect infiltrated the area under the cover of darkness and remained hidden until soldiers assigned to man the axis arrived at daybreak.
“He made his way from Mandara Mountain and spent the night at a military sandbag and waited until morning when soldiers who were manning the axis arrived.
“The terrorist approached the soldiers and detonated the bomb that was strapped to his body, killing five soldiers and himself at the spot,” the source said.
Further details revealed that the bomber allegedly came from the Mandara Hills, a rugged terrain along the Nigeria-Cameroon border that has been used in the past by insurgents as a hideout and transit route.
The attack underscores ongoing security challenges in parts of Borno State, despite sustained military operations against insurgent groups in the region.
Residents and security watchers say the latest incident highlights the continued threat posed by suicide bombers and the need for heightened vigilance around military formations and checkpoints.
NIGERIA NEWS
Police Apprehend Nine Gunrunners, Drug Trafficking Suspects – THISDAYLIVE
Linus Aleke in Abuja
The Nigeria Police Force (NPF) yesterday announced the arrest of nine suspected gunrunners and drug traffickers, while also dismantling several criminal networks linked to violent crimes across the country.
The Force Public Relations Officer, CSP Benjamin Hundeyin, who announced the arrest while addressing journalists in Abuja, said the suspects were apprehended by the Force Intelligence Department–Intelligence Response Team (FID-IRT) following coordinated, intelligence-led operations covering seven major cases in different parts of Nigeria.
He added that the operations also led to the recovery of a substantial cache of firearms, ammunition, and illicit drugs.
According to him, those arrested include Adamu Zaki Babangida, suspected of criminal conspiracy, arms trafficking, and unlawful possession of prohibi-
ted firearms; Daudume Bayina, arrested for alleged involvement in arms dealing; and Chibuke Nnaji and Joshua Izang, also known as Buffalo, both apprehended for unlawful possession of prohibited firearms.
Others are John Magah and Ishaya Stephen, alleged to be suppliers of arms; Ifeanyi Egbeke, arrested in connection with illegal drug distribution; Salisu Mohammed, po-pularly known as Mande Dawa, accused of criminal conspiracy, arms trafficking, and unlawful possession of prohibited firearms; and Uchenna Ikpe, who was arrested with 24 bags of Indian hemp.
CSP Hundeyin disclosed that the operations resulted in the seizure of two AK-47 rifles, three pump-action rifles, two single-barrel guns, two Beretta pistols, four locally fabricated revolver rifles, six live cartridges, four magazines, 35 rounds of live ammunition of various calibres, and 24 bags of Indian hemp.
He further revealed that large quantities of controlled pharmaceutical drugs were also recovered.
He stated that investigations showed some of the suspects were long-standing arms suppliers to bandits operating along border communities in Adamawa, Kaduna, Zamfara, and other parts of the North-West.
Others, he said, were involved in the distribution of illicit drugs to criminal gangs responsible for violence and insecurity in several states.
The police spokesperson further noted that ongoing investigations have uncovered operational links between gunrunning, drug trafficking, and kidnapping syndicates, adding that some of the suspects confessed to supplying weapons and drugs to criminal groups over an extended period.
He assured that the Nigeria Police Force remains committed to intensifying intelligence-driven operations to disrupt criminal supply chains, apprehend perpetrators, and enhance public safety nationwide, while the suspects will be charged to court upon the conclusion of investigations.
NIGERIA NEWS
CBN revokes licences of Aso Savings, Union Homes
NDIC begins payment to depositors
By Babajide Komolafe and Emma Ujah
The Central Bank of Nigeria (CBN) has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent violations of regulatory requirements and failure to meet prudential standards governing mortgage banks in Nigeria. The CBN’s decision was part of its ongoing efforts to strengthen the mortgage sub-sector and ensure greater compliance with financial regulations.
In a statement, the Acting Director of the Corporate Communications Department at CBN, Mrs. Hakama Sidi Ali, said the revocation of licences followed significant breaches of the Banks and Other Financial Institutions Act (BOFIA) 2020 and the Revised Guidelines for Mortgage Banks in Nigeria. Both banks were found to be undercapitalised, with share capital below the minimum requirement for their licence categories, insufficient assets to meet liabilities, and failure to comply with several CBN directives.
The CBN emphasized that its actions were necessary to safeguard the financial system and protect depositors. “The CBN remains committed to its core mandate of ensuring financial system stability,” the statement read. This move signals the regulator’s zero-tolerance approach to non-compliance and its determination to rebuild confidence in Nigeria’s mortgage sector.
Following the licence revocation, the Nigeria Deposit Insurance Corporation (NDIC) has begun the liquidation process of both banks. The NDIC will pay insured depositors up to ¦ 2 million, per depositor, in line with the provisions of the Banks and Other Financial Institutions Act. Depositors with balances exceeding ¦ 2 million will receive the insured portion, while the remainder will be settled as liquidation dividends after the sale of assets and recovery of outstanding debts.
The NDIC stated that the payment of insured deposits has already begun, with depositors’ claims being processed through either online or in-person verification. For online claims, depositors are instructed to visit the NDIC claims portal, while those opting for physical verification can visit the closed banks’ branches from December 16 to 30, 2025.
To expedite the payment process, the NDIC has urged depositors to provide proof of account ownership, valid identification, and details of their alternate bank accounts, including Bank Verification Numbers (BVN). The corporation also advised depositors to enable transaction alerts to receive notifications of their payments.
The NDIC will prioritize the settlement of depositors’ claims before addressing creditors’ claims as required by law.
The post CBN revokes licences of Aso Savings, Union Homes appeared first on Vanguard News.
NIGERIA NEWS
Tinubu, Labour leaders hold closed-door talks over planned insecurity protest – Tribune Online
In a last-minute move to placate the Nigeria Labour Congress (NLC) to shelve its planned protests against the rising insecurity situation across the country, the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, led the President of the Organised Labour, Comrade Joe Ajaero, to a meeting with President Bola Tinubu on Tuesday night.
Present at the meeting held behind closed doors at the State House were Imo State Governor and Chairman of the Progressive Governors Forum, Senator Hope Uzodimma; his Edo state counterpart, Senator Monday Okpebholo and Kebbi state governor, Governor Nasir Idris.
Asked by journalists on his mission to the State House, the NLC President said he came for a dialogue.
“We came for consultation with the President, and we are finished, so we have to go back to our meeting and then continue tomorrow. (Wednesday). By tomorrow, we will get the outcome.”
Pressed further to clarify if the NLC would shelve today’s protest based on persuasion by President Tinubu, Comrade Ajaero insisted that he would need to engage other leaders of the organised labour.
“If I’m insisting, I’m not insisting, I will communicate to you. It is not an organisation that one person rules. Let’s go back now. You have a meeting of level and the governor’s forum. We’ll go back to the drawing board and digest all that, Mr. President said to us, and move forward from there.”
Also speaking with State House Correspondents, the Imo State Governor spoke in same vein, submitting that further consultations were ongoing.
He said:” Consultation is going on. We were dialoguing like His Excellency (referring to NLC President) said, at the end of the day, you will know what you are supposed to know and what you want to know.
“Of course, we are here to serve the country, both the labour, the government and the governed . We are all working to serve the nation.”
Minister of Labour, however, described the deliberation with President Tinubu as fruitful.
She said:” Members of NLC wanted to see Mr. President, and they’ve seen Mr. President, and of course, you know, they are happy they’ve seen Mr. President, and they’ve heard first hand that at least the President has driven the economy out of the woods, so it’s very good news ”
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