Author: Ifetayo Adeniyi

CAC points out banks for aiding corruption by hosting inactive company accounts Elegbede Abiodun … 248 fake company registrations were discovered to have been illegally inserted into the CAC system. The Registrar-General of the Corporate Affairs Commission, Hussaini Magaji (SAN), has accused some banks and financial institutions of undermining Nigeria’s anti-corruption and compliance framework by allowing inactive and non-compliant companies to continue operating and transacting freely. Magaji also disclosed that the Commission reported 248 fake company registrations to the Economic and Financial Crimes Commission for investigation and prosecution, while three CAC staff members were handed over to the Independent…

Interswitch to Strengthen Public Healthcare Delivery through Deployment of eClinic Electronic Medical Records Platform in Abia Interswitch, leading African technology company focused on creating solutions that enable individuals and communities prosper, through its health-tech subsidiary, Interswitch eClat, has taken a major step in advancing Nigeria’s public-sector health digitisation agenda following the conclusion of a high-level stakeholders’ engagement with the Abia State Government. The engagement took place ahead of the phased deployment of eClinic, Interswitch eClat’s Electronic Medical Records (EMR) platform, across public health facilities in the state. The engagement, convened by the Abia State Ministry of Health in collaboration…

Bidvest Terminates R2.8 Billion Sale After Access Bank Fails to Meet Conditions Access Bank’s plan to acquire South Africa’s Bidvest Bank has collapsed after the Nigerian lender failed to meet key contractual conditions by the agreed deadline, halting its push to expand further into the South African banking market. Bidvest Group confirmed on Monday that it had terminated the R2.8 billion transaction after Access Bank did not fulfil the conditions precedent by the contractually agreed longstop date. The group added that it has reopened talks with other potential buyers for its banking subsidiary. “The parties have been actively working together…

Electronic Transmission of Election Results Stands ~ Senate Elegbede Abiodun …. presiding officers at polling units are required to electronically transmit results to the IREV portal after the completion of voting. The Nigerian Senate on Tuesday amended the Electoral Act, altering Section 60 to mandate electronic transmission of election results to the Independent National Electoral Commission’s (INEC) Result Viewing Portal (IREV), while simultaneously creating a major loophole that allows manual result sheets to prevail where electronic transmission fails. The amendment was adopted during plenary proceedings monitored by SaharaReporters, with the Senate President, Godswill Akpabio, presiding. Under the revised provision,…

Cargo charge: FAAN decides on N15 charge at Lagos airport after stakeholder meetin Elegbede Abiodun … adjustment comes after weeks of resistance from Customs Licensed Cargo Agents. The Federal Airports Authority of Nigeria (FAAN) has announced a revised cargo port charge of N15 per kilogramme at Murtala Muhammed International Airport (MMIA), Lagos, following consultations with cargo handling stakeholders. The statement, issued by Henry Agbebire, FAAN’s Director of Public Affairs and Consumer Protection, was shared on the Authority’s official X page on Tuesday. The adjustment comes after weeks of resistance from Customs Licensed Cargo Agents, who opposed an earlier proposal…

Manny Ita  – The National Agency for Food and Drug Administration and Control (NAFDAC) has executed a major enforcement operation in Lagos, uncovering secret warehouses stockpiled with over 10 million doses of counterfeit antimalarial medications and a vast quantity of unwholesome cosmetics. The raid, which is being described as one of the most significant strikes against organized pharmaceutical crime this year, resulted in the confiscation of illicit goods with an estimated market value exceeding ₦3 billion. The operation targeted high-density trade zones and hidden storage facilities where “merchant of death” syndicates have allegedly been repackaging substandard chemical mixtures as globally…

Manny Ita  – Nigeria has officially reopened its land borders with the Benin and Niger Republics at the Kebbi axis, marking a significant shift in its cross-border trade policy and ending a prolonged closure that had disrupted regional commerce. The reopening was confirmed on Tuesday, with security and customs officials resuming full operations at the affected border posts. Reports from the area indicated that commercial activity picked up almost immediately, as more than 2,000 trucks that had been stranded for weeks began moving across the frontier. Drivers and traders were seen clearing backlogs of goods, particularly agricultural produce and essential…

Manny Ita  – President Bola Tinubu on Tuesday unveiled the Renewed Hope National Development Plan (2026–2030), a five-year policy blueprint aimed at accelerating economic growth, strengthening security and consolidating recent macroeconomic reforms. The plan was launched at the Second National Economic Council conference held in Abuja, with federal and state officials, development partners and private sector stakeholders in attendance. While presenting the document, the President declared what he described as a “decisive war” on terrorism and violent criminality, stating that insecurity remains one of the most critical obstacles to national development. He described banditry as an “alien” threat to Nigeria’s…

Manny Ita  – President Bola Tinubu late last night and into the early hours of today held a closed-door meeting at the Presidential Villa, Abuja, in a renewed effort to resolve the prolonged political crisis in Rivers State. The meeting was attended by the Minister of the Federal Capital Territory, Nyesom Wike, and Rivers State Governor, Siminalayi Fubara, both central figures in the rift that has stalled governance in the oil-rich state for several months. Presidency sources confirmed that the talks, which stretched deep into the night, focused on restoring political stability and addressing the breakdown of trust between the…

Manny Ita  – The Abia State Government has issued a formal rebuttal to widespread social media reports and viral articles alleging that Governor Alex Otti has initiated legal action against the Federal Government at the International Court of Justice, commonly known as the World Court. The rumors, which gained significant traction over the last 48 hours, claimed that the state executive had filed a lawsuit over a dispute regarding the licensing and operational control of the proposed Abia State Cargo Airport. In a press briefing held today at the Government House in Umuahia, the Commissioner for Information and Culture, Okey…