Stewardship, Not Seizure: What the Union Bank Case Is Really About

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There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world. Much of the commentary currently circulating about Union Bank of Nigeria belongs to that genre. It is not without merit on certain procedural questions. But it is, at its core, incomplete —…

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NDLEA Arrests 63-Year-Old Chinese Woman with 31kg of ‘Canadian Loud’ at Lagos Airport

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The National Drug Law Enforcement Agency (NDLEA) has arrested a 63-year-old Chinese woman for allegedly attempting to smuggle 31 kilograms of “Canadian Loud,” a synthetic strain of cannabis, into Nigeria through the Murtala Muhammed International Airport (MMIA), Lagos. The suspect, identified as Ting Hung Kiong, who was said to have naturalised in Malaysia, was apprehended on Sunday, May 17, 2026, upon her arrival in Lagos from Thailand via Dubai aboard an Emirates Airline flight. The development was disclosed in a statement issued on Sunday by the NDLEA spokesperson, Femi Babafemi.…

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Supreme Court Clears Ex-Army GOC Otiki in Alleged N100m Military Funds Case

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The Supreme Court has affirmed the acquittal of former General Officer Commanding (GOC), 8 Division of the Nigerian Army, Major General Hakeem Oladapo Otiki (retd), bringing to an end a six-year legal battle over the alleged disappearance of N100 million in military operational funds. In a unanimous judgment delivered by a five-member panel, the apex court upheld the December 2024 ruling of the Court of Appeal, which nullified the conviction of the retired senior officer by a General Court Martial. The Supreme Court dismissed the Nigerian Army’s appeal and sustained…

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How Ogun Teacher Killed WASSCE Candidate After Fake Kidnap Plot, Spent N500,000 Ransom on Sports Betting

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There have been growing calls for justice and fairness following the arrest of a 30-year-old private school teacher, Nathaniel Baiyegun, over the alleged killing of a 16-year-old West African Senior School Certificate Examination candidate, Florence, in Ogun State. According to police sources, the suspect allegedly lured the teenager under the pretext of attending an academic coaching class before abducting her and demanding ransom from her family. Investigators disclosed that the suspect reportedly collected N500,000 from the victim’s father after allegedly misleading the family into believing the teenager was still alive.…

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Siminalayi Fubara Loses APC Governorship Ticket as Wike Ally Kingsley Chinda Emerges Sole Candidate

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Governor Siminalayi Fubara has effectively lost the All Progressives Congress (APC) governorship ticket in Rivers State after withdrawing from the party’s primary election, leaving loyalist of the Minister of the Federal Capital Territory, Nyesom Wike, Kingsley Chinda, as the sole aspirant. Fubara announced his withdrawal from the APC governorship primaries in a personally signed statement, saying the decision was taken after consultations with associates and in the interest of peace, unity and stability in Rivers State. The development followed months of intense political tension within the Rivers APC, fuelled by…

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Toke Makinwa Drags Sandra Edoho After Leaked Audio With Singer Chike

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Media personality Toke Makinwa has publicly criticised interior designer Sandra Edoho following the emergence of a leaked voice note involving singer Chike. In the leaked audio conversation, Sandra was allegedly heard making remarks about Makinwa, claiming that the media entrepreneur could not afford her interior design services. The comments triggered an immediate reaction from Makinwa, who revisited their long-running feud and accused the designer of poor workmanship and unprofessional conduct during past projects. Reacting via social media, Makinwa described Sandra as “ungrateful,” alleging that the designer handled two of her…

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First Bank Chairman Femi Otedola Stakes $100m in Dangote Refinery Ahead of IPO

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Nigerian billionaire businessman, and chairman of First HoldCo Plc, Femi Otedola has disclosed plans to invest $100 million in the Dangote Refinery ahead of the facility’s planned Initial Public Offering (IPO). Otedola made the disclosure after leading top executives of First HoldCo on a tour of the Lekki-based refinery complex owned by Africa’s richest man, Aliko Dangote. According to reports, the investment forms part of the refinery’s planned $2 billion private placement designed to attract strategic investors before the public listing. The businessman reportedly said he had appealed to Dangote…

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Prof. Segun Aina Makes History as JAMB Registrar at Age 39

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Professor Segun Aina has been appointed Registrar of the Joint Admissions and Matriculation Board (JAMB), becoming one of the youngest individuals to head the nation’s tertiary admissions body at the age of 39. His appointment has generated reactions across the education sector, with many describing it as a significant milestone for young professionals in public administration and academic leadership. Before his appointment, Aina built a reputation in academia and educational policy, earning recognition for his contributions to institutional reforms and youth development initiatives. Observers say his emergence signals a generational…

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Fubara Loyalists Missing as APC Clears Wike Allies for Rivers Assembly Primaries

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Loyalists of Governor Siminalayi Fubara were noticeably absent as the All Progressives Congress released the final list of cleared aspirants for the Rivers State House of Assembly primary election scheduled for Wednesday. Among those excluded from the final list were former factional Speaker of the Rivers State House of Assembly, Victor Oko-Jumbo, and former Chairman of Obio/Akpor Local Government Area, Chijioke Ihunwo, both considered strong allies of Governor Fubara during the prolonged political crisis that rocked the state. Ihunwo had earlier been speculated to emerge as the anointed Speaker of…

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N33bn Fraud: Former Minister Saleh Mamman Nabbed While Allegedly on the Run

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The Economic and Financial Crimes Commission (EFCC) has reportedly arrested former Minister of Power, Saleh Mamman, after he allegedly went into hiding while standing trial over an alleged N33 billion fraud case. Sources familiar with the development disclosed that the former minister was picked up by operatives after weeks of uncertainty surrounding his whereabouts following his absence from court proceedings in the ongoing corruption trial instituted against him by the anti-graft agency. Mamman, who served under former President Muhammadu Buhari, is being prosecuted over alleged conspiracy, money laundering and diversion…

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