Billionaire businessman and chairman of First HoldCo Plc, Olufemi Otedola, has increased his stake in the company after acquiring shares worth more than N43 billion.
The latest transaction, carried out on the Nigerian Exchange on May 13, 2026, involved the purchase of 549.5 million shares at an average price of N79 per share.
Following the acquisition, Otedola’s total shareholding in First HoldCo rose from over 8.05 billion shares, as recorded in the company’s 2025 audited financial statement, to about 8.6 billion shares.
The move further strengthens his influence within the financial institution and comes amid growing investor confidence in the company.
Trading activity in First HoldCo shares also surged significantly after the purchase, with more than 563 million shares exchanged during mid-trading
The company’s stock has now recorded a year-to-date gain of over 57 per cent, reflecting renewed market interest and strong investor sentiment around the banking group.
A major security operation carried out by operatives of the Nigeria Police Force has led to the discovery and destruction of a suspected separatist criminal camp in Anambra State, with authorities recovering a large cache of sophisticated weapons, explosives, and live ammunition believed to have been stockpiled for violent operations in the South-East region.
The operation, which took place in Owerre-Ezukala community in Orumba South Local Government Area of the state, was executed by officers attached to the Inspector General of Police’s Intelligence Response Team and the Rapid Response Squad based in Awkuzu.
Security officials said the raid followed weeks of intelligence gathering and surveillance after the arrest of a suspect believed to be linked to separatist activities and violent attacks within the region. Information allegedly obtained from the suspect reportedly led operatives to the remote camp hidden inside a forested area.
According to the Anambra State Police Command, officers encountered armed resistance immediately they approached the location, resulting in a fierce exchange of gunfire between the operatives and members of the armed group.
Police spokesperson, SP Tochukwu Ikenga, explained that the operation was led by Chief Superintendent of Police Orebe Mathew and involved tactical units specially trained for counterinsurgency and anti-violent crime operations.
He said the suspects eventually fled into surrounding bushes after failing to withstand the superior firepower of the security team, abandoning several weapons and explosives at the scene.
Among the items recovered during the operation were a General Purpose Machine Gun loaded with nearly 2,000 rounds of live ammunition, two locally-fabricated rocket launchers, 25 rocket propellers, and several improvised explosive devices suspected to have been prepared for future attacks.
Operatives also recovered two pump-action rifles, a locally-made Beretta pistol, hand grenades, K2 live ammunition, communication gadgets, batteries, fuel containers, gas cylinders, and various other materials allegedly used by the group for criminal operations.
Police authorities described the discovery as one of the most significant recoveries of illegal arms and explosives recorded in the South-East in recent months.
Investigators believe the camp served as a major operational base for planning attacks against security agencies, government facilities, and public institutions within Anambra and neighbouring states.
The command identified one of the suspects linked to the camp as Nnamdi Ogbonna, a 37-year-old man alleged to be a commander within a proscribed separatist network operating across parts of the South-East.
According to police sources, intelligence obtained from the suspect helped investigators trace the movement of the group and uncover the hidden camp.
Authorities further alleged that the criminal network had been involved in several violent attacks in the region, including assaults on police formations, attacks on security checkpoints, killings of security personnel, and destruction of government infrastructure.
In recent years, the South-East geopolitical zone has witnessed repeated incidents of violence linked to armed criminal groups and separatist agitators. Security agencies have continued to intensify operations across the region amid concerns over growing insecurity, kidnappings, targeted attacks, and the proliferation of illegal arms.
Residents of several communities in Anambra State have repeatedly raised alarm over attacks carried out by gunmen, particularly in rural areas and along major highways. Businesses, schools, and government institutions have also been affected by periodic security threats that disrupted economic and social activities in parts of the state.
Security analysts say the latest recovery highlights the increasing sophistication of weapons being acquired by non-state actors operating within the country. The presence of machine guns, rocket launchers, and improvised explosive devices has raised concerns among experts about the expanding threat posed by illegal arms trafficking and organised criminal networks.
The Anambra State Commissioner of Police, Ikioye Orutugu, commended the officers involved in the operation and reaffirmed the commitment of the police command to sustaining intelligence-driven operations aimed at dismantling criminal hideouts across the state.
He stated that the command would continue to collaborate with other security agencies to track down fleeing suspects and prevent criminal groups from regrouping.
The commissioner also urged residents to remain vigilant and support security agencies with useful information capable of helping law enforcement authorities prevent attacks and arrest wanted suspects.
Community leaders in parts of Anambra have welcomed the operation, describing it as a positive development in ongoing efforts to restore peace and public confidence in the region’s security architecture.
Observers believe the successful raid could further strengthen ongoing nationwide campaigns against violent extremism, organised crime, and illegal arms possession.
Security experts have also stressed the importance of improving intelligence sharing, border surveillance, and community policing initiatives to address the wider challenge of arms proliferation and insurgent activities in Nigeria.
Authorities assured residents that surveillance operations and clearance exercises would continue across forests, border communities, and suspected criminal hideouts to ensure lasting peace and stability in Anambra State and the wider South-East region.
Authorities in the United States have significantly reduced transportation fares linked to the 2026 FIFA World Cup after widespread criticism from football supporters, political leaders, and residents over what many described as excessively expensive travel costs for fans attending matches in New Jersey.
The controversy erupted after transport agencies announced premium pricing plans for train and shuttle services connecting New York City to MetLife Stadium in East Rutherford, New Jersey, one of the major host venues for the global football tournament.
Under the original proposal, football supporters travelling from Manhattan to MetLife Stadium on matchdays were expected to pay as much as $150 for round-trip rail transportation. The announcement immediately sparked outrage among fans both in the United States and internationally, with many accusing organisers of turning the tournament into an event accessible only to wealthy spectators.
The backlash quickly gained momentum on social media, where supporters criticised the proposed fares as unreasonable and inconsistent with the spirit of the FIFA World Cup, traditionally regarded as a global celebration for fans from all economic backgrounds.
Following mounting public pressure, New Jersey Transit announced a substantial reduction in the disputed transport fees. Authorities confirmed that the round-trip rail fare would be reduced from $150 to $105, while special shuttle bus services from New York City to MetLife Stadium would be cut by nearly 75 percent for World Cup ticket holders.
The revised shuttle fare reportedly dropped from around $80 to approximately $20, a move welcomed by many football fans who had threatened to boycott the transportation services due to the earlier pricing structure.
Despite the reductions, some supporters insist the costs remain significantly higher than regular public transportation rates within the New York and New Jersey metropolitan area.
MetLife Stadium is expected to play a central role during the 2026 FIFA World Cup. The stadium will host eight matches during the tournament, including the highly anticipated final scheduled for July 19, 2026. With a seating capacity exceeding 82,000 spectators, the venue is projected to attract huge crowds from across the world.
The 2026 edition of the FIFA World Cup will be jointly hosted by the United States, Canada, and Mexico, marking the first time three nations will co-host the competition. The tournament will also introduce an expanded format involving 48 national teams, making it the largest World Cup ever organised.
Transport officials defended the initial pricing proposal by citing the enormous logistical demands associated with hosting millions of football supporters during the competition. Authorities argued that additional security, crowd control measures, temporary staffing, stadium operations, and extended transit services would create substantial operational expenses.
However, the explanation did little to calm criticism from fans and political figures.
New Jersey Governor Mikie Sherrill openly questioned why local residents and football supporters should shoulder the financial burden of transporting spectators during a tournament expected to generate billions of dollars in revenue for FIFA.
The governor insisted that FIFA should contribute more directly toward transportation and infrastructure costs associated with the event rather than relying heavily on public agencies and taxpayers.
United States Senate Minority Leader Chuck Schumer also criticised the pricing model, warning that excessive transport fares could damage the image of the tournament and discourage ordinary fans from participating in one of the world’s biggest sporting events.
The issue has highlighted broader concerns about the increasing commercialisation of international football competitions. Many supporters argue that attending major sporting events has become progressively more expensive due to rising ticket prices, accommodation costs, parking fees, and transportation charges.
Several fan organisations described the transport pricing controversy as part of a wider trend in global sports where commercial interests are increasingly taking priority over accessibility for ordinary supporters.
The debate over transport fares comes amid other criticisms surrounding the 2026 FIFA World Cup, including concerns over hotel pricing, ticket resale markets, and dynamic pricing systems that could make attendance unaffordable for many football fans.
Some supporters have also expressed fears that excessive travel and accommodation expenses may discourage international visitors from attending matches across multiple host cities.
Sports business analysts believe organisers face growing pressure to balance profitability with fan accessibility as preparations for the tournament intensify.
Despite the controversy, planning for the tournament continues across host cities in North America. Authorities are expanding transportation systems, upgrading security infrastructure, and preparing fan zones expected to accommodate millions of visitors during the competition.
Organisers remain optimistic that the tournament will deliver enormous economic benefits through tourism, sponsorships, broadcasting rights, hospitality services, and commercial partnerships.
The 2026 FIFA World Cup is expected to become one of the most financially successful sporting events in history, generating billions of dollars in revenue and attracting global television audiences numbering in the billions.
For many football supporters, however, the latest transport fare dispute has reinforced concerns that the cost of experiencing the World Cup in person is rapidly moving beyond the reach of average fans.
German champions Bayern Munich have reportedly moved closer to securing the signing of Anthony Gordon after agreeing personal terms with the Newcastle United winger ahead of a possible summer transfer.
The development represents a major breakthrough in negotiations as Bayern intensify efforts to strengthen their attacking options ahead of the 2026/2027 season. Reports from England and Germany indicate that discussions between Gordon’s representatives and the Bundesliga giants have progressed positively, with the player said to be open to a move to Germany.
However, Newcastle United are reportedly unwilling to let the England international leave cheaply and are demanding a transfer fee of at least £75 million before considering any formal offer.
Gordon has emerged as one of Newcastle’s most influential attacking players over the past season, producing impressive performances in both the Premier League and European competitions. His pace, direct style of play, creativity, and work rate have made him a key figure under manager Eddie Howe.
The 25-year-old enjoyed arguably the finest campaign of his career during the recently concluded season, contributing important goals and assists while helping Newcastle maintain their push for European qualification.
His performances also strengthened his position within the England national team setup, attracting interest from several elite clubs across Europe.
Bayern Munich’s interest in Gordon comes as the German club continues a squad rebuild aimed at restoring domestic dominance and improving their competitiveness in the UEFA Champions League.
The Bavarian club has been actively searching for versatile attacking players capable of operating across multiple forward positions. Gordon’s ability to play on either wing, combined with his pressing intensity and technical quality, is believed to have impressed Bayern’s recruitment team.
Reports suggest Bayern officials view the Newcastle star as a player capable of fitting seamlessly into the club’s high-tempo attacking system.
The Bundesliga giants are also expected to reshape parts of their attack during the summer transfer window amid uncertainty surrounding several current squad members.
While personal terms are believed to have been agreed in principle, negotiations between Bayern Munich and Newcastle United are expected to determine whether the transfer can be completed.
Newcastle remain in a strong negotiating position because Gordon still has several years remaining on his current contract at St James’ Park. Club executives are reportedly determined not to lose one of their most valuable assets unless their valuation is fully met.
The Premier League side invested heavily to sign Gordon from Everton in January 2023, and the winger has since developed into one of the club’s standout performers.
Sources close to Newcastle reportedly believe Gordon’s market value has risen significantly following his recent form and growing reputation at international level.
Supporters of the club have reacted with mixed emotions to reports linking the winger with a move away from Tyneside. While some fans acknowledge Bayern Munich’s global appeal and financial strength, others fear losing one of the team’s most energetic and productive attacking players.
For Bayern Munich, securing Gordon would represent another statement signing as the club seeks to maintain its position among Europe’s football elite.
The German champions have traditionally targeted technically gifted and physically dynamic players capable of adapting quickly to the demands of Bundesliga football and European competition.
Football analysts believe Gordon’s aggressive pressing style and attacking versatility could make him well suited to Bayern’s tactical approach.
The potential transfer also highlights the growing financial power of elite European clubs in the modern transfer market, where top-performing Premier League players continue to command enormous fees.
If completed, the deal could become one of the biggest transfers involving an English winger in recent years.
Neither Bayern Munich nor Newcastle United has officially confirmed the reported agreement on personal terms, while Gordon himself has yet to publicly comment on the speculation surrounding his future.
With the summer transfer window approaching, discussions between both clubs are expected to intensify in the coming weeks as Bayern assess whether they are prepared to meet Newcastle’s substantial valuation.
The situation is likely to remain one of the major transfer stories of the European football offseason as supporters await clarity over the future of one of England’s most exciting attacking talents.
United States President Donald Trump arrived in Beijing on Wednesday for a crucial meeting with Chinese President Xi Jinping, as tensions between the world’s two biggest economies continue to grow over trade, technology, Taiwan and the ongoing Iran conflict.
Trump touched down aboard Air Force One and was welcomed by Chinese Vice-President Han Zheng in what observers see as a stronger diplomatic gesture compared to his previous visit to China in 2017.
The US president’s visit, expected to last two days, comes at a time of increasing global uncertainty, particularly over the war involving Iran and its impact on the global economy.
Several top American business figures, including Elon Musk and Jensen Huang, were also seen among the US delegation arriving in Beijing.
Before landing, Trump signalled plans to push for broader access for American businesses and technology companies in China.
In a social media post, he described Xi as “a leader of extraordinary distinction” and said one of his key goals would be urging Beijing to further open its economy to US innovation and investment.
The war in Iran is expected to dominate discussions between both leaders. China remains one of Iran’s biggest economic partners and relies heavily on Iranian oil exports, many of which have been disrupted by tensions around the Strait of Hormuz.
Washington is reportedly seeking stronger Chinese pressure on Tehran as the conflict continues to affect global energy markets.
Taiwan is also expected to feature prominently in the talks amid rising military and diplomatic tensions in the region.
While the Trump administration recently approved a major arms package for Taiwan, it has also sent mixed signals about how far the US would go in defending the island against possible Chinese action.
Trade negotiations are another major focus of the visit. Trump is expected to push for increased Chinese purchases of American agricultural goods, while Beijing is likely to seek a reduction in US tariffs on Chinese imports.
The meeting is widely viewed as one of the most significant diplomatic engagements between the two powers in recent years, with global markets closely watching for any breakthrough on trade and geopolitical tensions.
The National Drug Law Enforcement Agency (NDLEA), has seized a large consignment of Canadian Loud, a high-potency strain of cannabis, weighing 4,173.5 kilogrammes, with a street value of ₦10,433,750,000, at the Tincan Island Port in Lagos.
The seizure was disclosed in a statement issued by the spokesman of the anti-narcotic agency, Femi Babafemi, on Wednesday.
He said this followed intelligence gathering, sustained surveillance, and tracking of the container, which was transloaded several times after leaving Toronto, Canada, on March 28.
“Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a large consignment of Canadian Loud, a high-potency strain of cannabis, weighing 4,173.5 kilogrammes, with a street value of Ten Billion Four Hundred and Thirty-Three Million Seven Hundred and Fifty Thousand Naira (N10, 433, 750,000.00) only at the Tincan Island Port in Lagos.
“The successful interdiction of the illicit drug consignment followed painstaking intelligence gathering, sustained surveillance, and trailing of the container, which was transloaded a number of times since it left Toronto, Canada, on 28th March, conveyed through rails to Montreal, where it was loaded on board a vessel, Jakarta Express voyage, which arrived Tanger Med Port in Morocco on 15th April, discharged and reloaded on another vessel, Osaka voyage, which eventually arrived the Lagos port on Saturday, 9 May 2026.
“The over two months of monitoring the shipment by the Marine Intelligence Unit of NDLEA and the Tincan Island Strategic Command of the agency, working in close collaboration with international partners, particularly the United Kingdom Home Office International Operations, the United States Drug Enforcement Administration, and the Royal Canadian Mounted Police, culminated in the eventual seizure of the consignment on Tuesday, 12 May during a joint examination of the container by NDLEA operatives, men of the Customs Service and other security agencies”, the statement reads.
The anti-narcotic agency said the drugs were hidden inside two vehicles, a used Ford bus and a Mercedes-Benz C300 car packed within the shipping container.
While speaking during the handover of the exhibits by the Nigeria Customs Service at the port in Lagos on Wednesday, the NDLEA Director of Seaports Operations, ACG Ibinabo Archie-Abia, said the operation demonstrated the effectiveness of inter-agency cooperation and intelligence-led policing in combating transnational organised crime.
However, the chairman and chief executive officer of NDLEA, Brig. Gen. Mohamed Marwa (rtd.), commended officers of the Tincan Command and the Marine Intelligence Unit for their professionalism, noting that the recent seizures highlight a coordinated attempt by international drug syndicates to flood Nigeria with synthetic cannabis strains.
“This second massive seizure in less than a week is a clear message to the international syndicates who think they can use our ports as entry points for their soul-destroying trade, that the synergy between NDLEA and Customs Service as well as other security agencies and our international partners like the Royal Canadian Mounted Police, the UK-HOIO and the US DEA is yielding fantastic results. We will not rest until every link in this supply chain is broken and those behind these shipments are brought to justice,” Marwa stated.
Dr. Hakeem Baba Ahmed, the National Chairman of the Peoples Redemption Party (PRP), has revealed why Mr. Peter Obi, and Rabiu Musa Kwankwaso, were unable to join the party ahead of the 2027 general elections.
He made the revelation while speaking during Hausa political programme on DITV Kaduna.
Baba-Ahmed said talks between PRP and the two political buffalos collapsed after disagreements over conditions for joining the party.
He said Obi and Kwankwaso met the PRP for possible collaboration and negotiations progressed to the point where a committee was proposed to continue talks.
“They came and said they wanted to join the PRP, but when we sat down and discussed with them, there were certain demands they made,” he said.
Baba said one of the major issues was the request by both politicians to secure the party’s presidential ticket without facing internal opposition.
“Before they joined, they told us that they were the presidential candidates meaning they should be given the ticket. We told them no, this is PRP; we do not practice that kind of politics,” Baba-Ahmed said.
He added that PRP insisted that Obi and Kwankwaso must first formally join the party and follow its laid-down procedures before seeking any elective position.
“I told them: first come into the party. After joining, you can then tell me, ‘I am Obi and I want to run for President,’ and ‘I am Kwankwaso and I want to be his running mate.’
“But for you to come even before a decision is made and ask us to guarantee you the ticket without opposition if you are truly strong contenders, then why fear competition?” he asked.
Speaking further, Baba said the PRP leadership acknowledged the political influence and support base of both men but maintained that the party could not violate its constitution and internal democratic process.
“We believed that if anyone entered a room and saw Obi and Kwankwaso, they would think strong contenders had arrived,” he said. “But we cannot break our party’s rules.”
He further disclosed that the camps of the two politicians also requested a significant number of party positions because of the supporters they intended to bring into the PRP.
“They requested that many positions be given to them because they said they had many supporters. We told them this was not a problem come into the party first, then we can sit down and discuss,” he added.
The PRP chairman also said concerns over the party’s status on the Independent National Electoral Commission (INEC) portal and internal disputes within the party contributed to the collapse of the talks.
“They said when they checked the INEC portal, they could not find our party’s name there which has been addressed. But they also heard some people falsely claiming to be PRP members, which they felt could create confusion if they joined the party. We told them we are doing our best to address that too,” he explained.
However, Baba said both sides ended the discussions peacefully.
“We wished each other well and parted peacefully there was no quarrel or fight,” he said.
More than 400 Ghanaians, including football fans, club owners and top football officials, have reportedly been denied US visas ahead of the 2026 FIFA World Cup.
The mass rejection, which has sparked outrage and disappointment across Ghana’s football community, was disclosed by former Ghana Football Association communications director, Ibrahim Sannie Daara.
According to Daara, one of the worst-hit groups involved 150 supporters who attended visa interviews at the US Embassy in Accra. Out of the entire group, only three applicants were granted visas.
Most of the rejected applicants were denied under Section 214(b) of the US Immigration and Nationality Act, a clause commonly used when applicants fail to convince consular officers that they have strong enough ties to their home country to guarantee their return after visiting the United States.
The rejection letters reportedly stated that applicants failed to prove sufficient financial independence, stable employment, family obligations or other commitments strong enough to ensure they would leave the US after the tournament.
Reacting to the development, Daara used football metaphors to describe the situation, saying the embassy “played a low block, counter-pressed, and eliminated 147 supporters before kick-off.”
The issue has since triggered mixed reactions online. While some Ghanaians expressed frustration over the low approval rate despite applicants allegedly meeting requirements, others argued that many people may have viewed the World Cup as an opportunity to relocate abroad.
Some social media users pointed to previous public comments suggesting that qualification for the tournament represented a pathway to life in America for many young Ghanaians.
Despite the setback, others noted that Ghana still has a large diaspora population in the United States and Canada capable of supporting the Black Stars during the competition.
The visa denials come months after US embassy officials repeatedly warned that possessing a World Cup ticket does not automatically guarantee entry into the country.
Embassy representatives had advised applicants to apply early, provide proof of financial capability and demonstrate strong personal and economic ties to Ghana.
Ghanaian President John Dramani Mahama had also earlier appealed to citizens planning to attend the tournament to obey visa conditions and return home after the competition, warning that overstays could damage Ghana’s diplomatic standing with the United States.
The development is also linked to tighter US immigration policies ahead of the 2026 FIFA World Cup, which will be jointly hosted by the United States, Canada and Mexico.
The National Identity Management Commission (NIMC) has officially launched a dedicated WhatsApp support line and a website live chat feature. This strategic move aims to improve customer service delivery and streamline the resolution of National Identification Number (NIN) related issues nationwide. Head of Corporate Communications, Dr. Kayode Adegoke, announced these developments in a statement released on Tuesday in Abuja. The commission designed these platforms to provide Nigerians with real-time assistance without the need for physical visits to enrolment centres.
Enhancing Citizen Access Through Digital Channels
The introduction of the official NIMC WhatsApp support line represents a significant shift in how the commission interacts with the public. By using the number +234 701 566 6971, citizens can now send direct messages to seek guidance on various identity management services. This platform allows users to ask questions about enrolment procedures, data modification requirements, and the status of their permanent identity cards. The system is built to provide prompt responses, ensuring that the typical delays associated with traditional email or phone enquiries are significantly reduced.
Furthermore, the commission has integrated a live chat feature directly onto its official website to cater to those who prefer web-based interactions. This tool provides an interactive interface where users can chat with support agents during official working hours to resolve technical glitches. Whether a citizen is facing challenges with the NIMC mobile app or needs clarity on verification fees, the live chat serves as a central hub for verified information. These digital tools are part of a broader effort to modernise the nation’s identity infrastructure under the current leadership.
In addition to these messaging platforms, the commission continues to maintain its existing support infrastructure to ensure no citizen is left behind. The integration of WhatsApp is particularly crucial given the high penetration of the app among mobile phone users in Nigeria. This accessibility ensures that even residents in remote areas can access professional guidance as long as they have a basic internet connection. By decentralising support, the commission is effectively bringing its services closer to the homes of over 100 million registered Nigerians.
Addressing Congestion at Enrolment Centres
One of the primary objectives behind these new digital channels is to drastically reduce the persistent overcrowding at NIMC enrolment centres across the federation. For years, Nigerians have faced long queues and extended waiting times just to perform simple tasks like checking their NIN status or requesting data corrections. The commission believes that moving these routine enquiries to digital platforms will free up physical space for essential biometric captures. This transition is expected to improve the overall operational efficiency of the commission’s 36 state offices and various local government touchpoints.
The Director-General of NIMC, Abisoye Coker-Odusote, has emphasised that these reforms are critical for maintaining public trust in the identity management system. By providing clear digital pathways for complaints, the commission can better track the volume of specific issues, such as failed fingerprint authentications or name mismatches. This data-driven approach allows the management to allocate resources more effectively to problematic regions or specific service bottlenecks. Consequently, the pressure on front-desk officers at the various ward-level enrolment centres will likely decrease in the coming months.
“The commission has launched a Live Chat feature on its official website and an official WhatsApp support platform to provide Nigerians with faster access to support services.” Dr. Kayode Adegoke, Head of Corporate Communications, NIMC.
Moreover, this initiative aligns perfectly with the “Renewed Hope Agenda” of President Bola Ahmed Tinubu, which prioritises digital transformation in the public sector. The federal government has consistently advocated for technology-driven solutions to enhance the ease of doing business and accessing social services. By streamlining the NIN support process, the commission is supporting other critical sectors like banking, telecommunications, and immigration, which all rely heavily on verified identity data. The move is a proactive step toward building a more resilient and user-friendly digital economy for all legal residents.
Security and Official Communication Protocols
While the new channels offer convenience, the commission has issued a stern warning regarding the activities of fraudsters and unauthorised third-party agents. BusinessDay reports that NIMC is urging the public to only engage with the verified WhatsApp number and the official website to avoid falling victim to data theft. Unauthorised websites often mimic official portals to harvest sensitive personal information under the guise of offering “fast-track” NIN corrections. The commission reiterates that the official WhatsApp line is for support and enquiries, not for the direct processing of biometric data.
To maintain a secure environment, the commission has implemented strict data protection protocols for all interactions occurring on these new platforms. Support agents are trained to handle enquiries without compromising the privacy of the individuals seeking help. Users are advised never to share their full NIN or bank verification numbers (BVN) in public forums or with unverified social media accounts. The commission’s official channels will always carry the necessary verification badges or be hosted on the secure .gov.ng domain to ensure authenticity.
Looking ahead, the commission plans to further expand its digital footprint by introducing more automated features into these support channels. This could include AI-driven chatbots capable of handling basic enquiries 24/7, even outside regular business hours. As the national database grows toward the target of 200 million registrations, such scalable support systems will become indispensable. Nigerians are encouraged to adopt these new tools immediately to experience a more seamless interaction with the nation’s primary identity regulator.
MTN Nigeria confirms XtraTime airtime lending will remain suspended pending court decisions on FCCPC digital lending rules. Learn how this affects millions of users.
THE LEDE MTN Nigeria has officially linked the full restoration of its popular airtime and data lending service, XtraTime, to the final outcome of ongoing court proceedings. The telecommunications giant confirmed this stance on Wednesday following a series of judicial interventions that challenged its recent suspension of the service. Millions of subscribers who rely on the emergency lending feature currently remain in a state of uncertainty as the legal battle persists. This development follows a month of friction between telecom operators and federal regulators over new credit guidelines.
Legal Gridlock Halts Popular Lending Service
The current suspension stems from the implementation of the Digital, Electronic, Online or Non-Traditional (DEON) Consumer Lending Regulations, 2025. These rules, introduced by the Federal Competition and Consumer Protection Commission (FCCPC), mandate strict licensing for any entity providing digital credit. MTN Nigeria initially paused XtraTime in mid-April to ensure compliance with these new oversight frameworks. However, the move triggered immediate legal challenges from Value Added Service (VAS) providers who manage the lending infrastructure.
A Federal High Court in Abuja recently issued an interim order restraining MTN from restricting access to these platforms. The court ruled that the suspension interfered with valid licenses issued by the Nigerian Communications Commission (NCC). Despite this judicial directive, MTN maintains that a permanent solution depends on clarifying the jurisdictional overlap between the NCC and the FCCPC. The company argues that immediate restoration is impractical without a final ruling on which regulatory body holds ultimate authority over airtime credit.
“This relates to the implementation of processes under the Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations, 2025.” Uto Ukpanah, Company Secretary, MTN Nigeria Communications PLC.
Impact on Subscribers and Revenue Streams
The absence of XtraTime has created a significant liquidity gap in Nigeria’s informal economy. Industry analysts estimate that airtime lending provides a liquidity buffer valued between N500 billion and N1.2 trillion annually. This service allows low-income earners and small business owners to maintain connectivity when they lack immediate cash for recharges. Consequently, the suspension has disconnected some of the country’s most vulnerable economic actors from the digital grid.
Tobechukwu Okigbo, MTN Nigeria’s Corporate Services and Sustainability Officer
MTN Nigeria admits that the disruption has affected its non-voice revenue, although it claims the overall financial impact remains manageable. Beyond the loss of service fees, the company faces the challenge of recovering outstanding debts from millions of users. Some subscribers have reported that MTN recently introduced a 25 percent deduction system on new recharges to slowly offset these debts. This partial recovery mechanism highlights the company’s effort to maintain financial stability while the court deliberates on the broader service restoration.
Furthermore, the Wireless Application Service Providers Association of Nigeria (WASPAN) continues to pressure operators to obey the court’s mandatory restoration order. They argue that the FCCPC overstepped its boundaries by attempting to regulate services already governed by telecom laws.
Regulatory Landscape and Future Outlook
The conflict exposes a deepening friction between the NCC and the FCCPC regarding the “fintechization” of telecommunications. While the FCCPC aims to curb what it describes as “abusive recovery methods,” the NCC focuses on maintaining service availability. This regulatory tug-of-war has left investors wary of “policy shocks” that could disrupt established commercial frameworks. Ultimately, the court’s final judgment will set a precedent for how digital credit is managed across all Nigerian mobile networks.
Looking ahead, MTN is reportedly exploring partnerships with new digital lending providers already approved by the FCCPC. This strategy aims to reduce reliance on a single vendor and ensure future compliance without service interruptions. Meanwhile, the House of Representatives has called on the NCC to intervene and protect consumer rights during this transition period. The outcome of the substantive suit in Abuja will determine if XtraTime returns to its original format or undergoes a total regulatory overhaul.
Stakeholders now await the next court hearing, which will likely define the hierarchy of digital regulation in Nigeria. For now, subscribers must rely on alternative banking apps or USSD platforms for their airtime needs.
THE CLOSE
The resolution of this legal dispute remains pivotal for the stability of Nigeria’s digital economy. MTN Nigeria must balance its commitment to regulatory compliance with the urgent needs of its 77 million subscribers. The tech industry and millions of emergency airtime users will be watching the court closely for a definitive verdict.
Troops of Sector 2, North East Operation Hadin Kai, OPHK, have intercepted more than 400 Starlink communication devices allegedly used by Boko Haram and ISWAP terrorists to perpetrate crime in the region.
The Sector’s Commander, Brig.-Gen. Beyidi Martins, disclosed this while briefing defence correspondents in Damaturu on Tuesday.
He said the internet service providers were seized during the ongoing strangulation and intelligence-driven operations aimed at dismantling terrorist logistics and communication networks within the sector’s area of responsibility.
Martins said the recovered Starlink terminals were intercepted during sustained operations across Sambisa Forest, the Timbuktu Triangle and other terrorist enclaves in the North-East.
According to him, the seizures formed part of broader efforts by troops to disrupt the logistics lifelines sustaining terrorist activities in the region.
“The lifeblood of terrorist activities is logistics resupply, and we are deliberately denying them freedom to move supplies, communication equipment, fuel and other operational items across the theatre,” he said.
The commander explained that the asymmetric nature of the insurgency had enabled terrorists to rely heavily on civilian supply chains and collaborators for movement of food, fuel, drugs, communication gadgets and motorcycle spare parts into remote hideouts.
He acknowledged that some members of the civilian population were voluntarily collaborating with terrorists, while others acted under coercion and intimidation.
“There is a high level of collusion between some members of the civil populace and the terrorists. Some do it willingly, while others are forced through threats and coercion,” Martins stated.
He said that troops had successfully infiltrated several transport and logistics networks used by insurgents through intelligence operations targeting transporters, traders and supply syndicates operating across the region.
According to him, troops have arrested hundreds of logistics suppliers, couriers and collaborators linked to terrorist resupply operations.
“It will interest you to know that arrests are made on a daily basis. So far, we have disrupted over 400 logistics-related cases and networks supporting terrorist operations,” he said.
The commander added that troops had intercepted consignments of Premium Motor Spirit (PMS), drugs, medical supplies, food items and spare parts suspected to be destined for terrorist camps.
He noted that the seizures were made along major movement corridors stretching from Kano through Nguru and other routes leading into the Timbuktu Triangle, Sambisa Forest and adjoining enclaves.
Martins further revealed that local livestock markets had also been exploited by insurgents to dispose of rustled animals and generate operational funds.
To counter the trend, he said security forces, local authorities and market stakeholders had introduced livestock verification measures requiring proper identification of ownership before animals could be sold.
“If animals are not properly identified, they will not be sold. Through that arrangement, we are tracking and disrupting their sources of financing,” he said.
The commander stated that the ongoing strangulation operations had significantly weakened terrorist logistics chains and reduced their operational flexibility across the sector.
He also disclosed that sustained military offensives and intelligence-driven operations had led to the surrender of several terrorists and members of their families within the area of responsibility.
According to him, continuous pressure from troops had denied insurgents freedom of movement and disrupted their ability to sustain attacks on communities and security formations.
Martins reaffirmed the commitment of the Sector to intensifying offensive operations, intercepting terrorist supply routes and dismantling communication networks sustaining insurgent activities in the North-East.
A chieftain of the African Democratic Congress (ADC), Dele Momodu, has warned Nigerians against placing all their political hopes for the 2027 presidential election on former Labour Party candidate Peter Obi.
Speaking during an interview on ARISE NEWS, Momodu said the country was becoming too consumed by debates around zoning and personalities while major national issues continued to worsen.
According to him, discussions about where a presidential candidate comes from have overshadowed pressing concerns such as insecurity, poor electricity supply and weak governance.
“I’m not going to get dragged into this zoning debate because I see it as a distraction from the real issues affecting Nigerians,” Momodu said.
“Instead of talking about insecurity, the economy, or the lack of stable electricity, the conversation has been reduced to where a candidate comes from. It’s as if Nigerians have been hypnotised.”
The publisher and politician accused the ruling All Progressives Congress (APC) of deliberately pushing the North-versus-South narrative ahead of the 2027 elections as a political strategy to divide the opposition and retain power.
He argued that while zoning remains politically relevant, the Nigerian Constitution does not stop any citizen from contesting for the presidency regardless of region.
Momodu also weighed in on speculations about a possible alliance between Peter Obi and former Kano State governor Rabiu Kwankwaso, saying such a partnership alone would not automatically translate into electoral victory.
According to him, elections are not won by social media popularity or public excitement alone but through strong political structures, grassroots support and effective strategy.
He stressed that Nigerians should focus more on competence, leadership capacity and workable solutions rather than ethnic or regional sentiments as preparations for the 2027 elections gather pace.
Celebrity fashion designer Victoria James, widely known as Veekee James, and her husband, Femi Atere, have welcomed their first child, a baby girl named Eliana.
The designer announced the news on her Instagram page on Wednesday, revealing that the baby was born on May 2, 2026.
She shared the joyful update with a post that read: “She’s Here. #elianaatere. 02-May-26. Eliana Adeife Atere.”
Veekee James also explained the meaning behind her daughter’s name, noting that “EL” stands for God and “ANA” means “He has answered,” symbolising divine answered prayers.
She referenced the Bible verse 1 Samuel 1:27, expressing gratitude for the child she described as an answered prayer.
Following the announcement, congratulatory messages poured in from fans and public figures, including media entrepreneur Mo Abudu, who celebrated the arrival of the baby girl.
Social media influencer Tomike Adeoye and several others also joined in celebrating the couple’s new addition, describing the birth as a “testimony” and a moment of joy.
The publisher of Ovation Magazine, chief Dele Momodu, has warned Nigerians against placing all their political hopes on Peter Obi ahead of the 2027 presidential election.
He said the former governor of Anambra State should not be treated as the country’s only path to salvation.
While speaking on Arise Television on Tuesday, Momodu said the high focus on zoning and the growing belief that only one candidate can fix Nigeria are diverting attention from the nation’s deeper problems, including insecurity, poor electricity supply, and weak governance.
Momodu argued that political conversations nosedived to arguments over regional identity rather than serious discussions about leadership capacity and national development.
According to Momodu, Nigerians have become too preoccupied with where a presidential candidate comes from instead of demanding solutions to pressing economic and security concerns.
“I’m not going to be bogged into this zoning brouhaha because I’ve realized that it is a deliberate distraction from the important issues that we should be discussing. Instead of us now discussing we have no electricity, security is nil, and so on and so forth, all we’re now talking about is where a man comes from. I think it’s like someone has hypnotized us. We have been jazzed into thinking only about what part of the country you come from,” he said.
He also accused the ruling APC of intentionally pushing the zoning debate because it sees regional sentiment as a key strategy for retaining power in 2027.
He claimed President Bola Tinubu has strengthened political divisions by encouraging a North-versus-South mindset.
He reiterated that zoning may be politically important, but it has no constitutional backing that stops either a Northerner or a Southerner from contesting for the presidency, stressing that political parties will ultimately choose the strategy they believe can deliver victory.
“Let me say zoning has suddenly become important because politicians now see it as the only credential required to win an election, especially the presidential election. The APC and Tinubu, they know very well that if they don’t drum up this issue of zoning, there is no clear path to victory for them. They know it; it’s very clear,” he asserted.
Speaking on the growing calls for a possible alliance between Peter Obi and Rabiu Kwankwaso, Momodu dismissed claims that such a partnership would automatically defeat the ruling party, insisting elections are won through structure, numbers, and strategy—not online excitement.
Nigerians have taken to the social media pages of the World Bank to protest plans for a fresh $1.25 billion loan to the Federal Government, warning the lender against approving more borrowing under President Bola Ahmed Tinubu’s administration.
The reactions followed reports that the Federal Government is in advanced talks with the World Bank over a proposed $1.25 billion facility aimed at supporting economic reforms, job creation and competitiveness.
Many Nigerians who flooded the Bank’s comment sections expressed concern over the country’s rising debt profile and worsening economic hardship, with some describing Tinubu as a “borrower-in-chief.”
Critics argued that despite several loans secured in recent years, many citizens are yet to feel meaningful improvements in living conditions, infrastructure or economic stability.
Others questioned how previous loan facilities were utilised, insisting that approving another major loan could further increase Nigeria’s debt burden without solving underlying economic challenges.
Nigeria’s external debt stood at over $51 billion as of December 2025, while the country’s total public debt has continued to rise amid ongoing economic reforms and fiscal pressures.
The proposed loan, if approved, would become one of the largest World Bank facilities secured by Nigeria in recent years. Reports indicate that discussions on the package are already at an advanced stage ahead of possible approval later this year.
Neither the Federal Government nor the World Bank has officially reacted to the growing online backlash.
ABUJA, NIGERIA — Nigerian businessman and philanthropist Tony Elumelu has urged African countries to abandon what he described as a victim mentality and focus instead on attracting investment, strengthening infrastructure, and empowering young entrepreneurs.
Elumelu made the remarks while speaking on the future of economic growth and development across the African continent.
The chairman of Heirs Holdings stressed that Africa possesses enormous human and natural resources capable of transforming the continent into a major global economic force.
According to him, African nations must move beyond dependence on foreign aid and begin creating environments that encourage investment and innovation.
He argued that infrastructure development remains critical to unlocking opportunities for millions of young Africans seeking employment and business growth.
The philanthropist emphasized the need for stable electricity, improved transportation systems, digital connectivity, and stronger financial institutions to support entrepreneurship.
Elumelu also encouraged African governments to adopt policies that make the continent more attractive to local and foreign investors.
He noted that private sector participation would play a major role in accelerating economic transformation and reducing poverty.
The business leader has long advocated his philosophy of “Africapitalism,” which promotes the idea that Africa’s private sector should drive economic and social development.
Analysts say his comments reflect growing conversations around self-reliance, economic reforms, and youth empowerment across Africa.
The continent continues to face major challenges including unemployment, infrastructure deficits, insecurity, and limited industrial capacity.
Despite those challenges, Africa remains one of the world’s youngest and fastest-growing regions in terms of population and digital innovation.
Economic experts argue that investment in infrastructure and entrepreneurship could significantly improve productivity and create millions of jobs.
Elumelu highlighted the importance of supporting young entrepreneurs, noting that many African youths possess creativity and business potential but lack access to funding and enabling environments.
His foundation has supported thousands of entrepreneurs across Africa through grants, mentorship, and training programmes.
Observers say the remarks are likely to resonate strongly at a time when many African countries are seeking greater economic independence and sustainable development strategies.
Critics of overreliance on foreign aid have repeatedly argued that long-term development requires stronger institutions, investment, and industrial growth.
Supporters of Elumelu’s position believe changing perceptions about Africa could also improve investor confidence and international partnerships.
The philanthropist maintained that Africa’s future depends largely on the willingness of leaders and citizens to embrace innovation, productivity, and economic responsibility.
Attention now turns to how governments and private sector actors across the continent will respond to growing calls for infrastructure expansion and youth-driven economic development.
MADRID, SPAIN — Real Madrid are reportedly monitoring Nigerian striker Victor Osimhen as the Spanish giants continue planning for the future of their attacking department.
Reports surrounding the club suggest Osimhen has emerged as one of the leading striker options being considered by the European powerhouse following his impressive performances in recent seasons.
The Super Eagles forward has attracted widespread attention across Europe because of his goal-scoring ability, physical presence, and consistent displays at club level.
Osimhen has remained one of Africa’s most sought-after footballers, with several elite clubs previously linked to the Nigerian international.
Football analysts say Real Madrid’s interest reflects the club’s long-term strategy of strengthening its squad with younger attacking talents capable of leading the next generation.
The speculation comes amid separate reports involving former Real Madrid manager José Mourinho, who is said to have outlined conditions for a possible future return to the Santiago Bernabéu.
Mourinho previously managed Real Madrid between 2010 and 2013, winning major domestic trophies and helping the club regain competitiveness in European football.
The Portuguese coach remains one of the most influential managers in modern football and is frequently linked with high-profile jobs across Europe.
Reports indicate that any potential return to Madrid would depend on sporting control, squad structure, and long-term project assurances.
While there has been no official confirmation from the club regarding Mourinho’s possible return, the speculation has generated strong reactions among supporters and football commentators.
Some fans view Mourinho as a manager capable of restoring tactical discipline and competitive intensity, while others believe the club is focused on maintaining a younger and more progressive football philosophy.
Meanwhile, Osimhen’s future continues to dominate transfer discussions ahead of the next European football season.
The Nigerian striker has consistently delivered strong performances in domestic league competitions and European tournaments, increasing his market value significantly.
Football experts believe his pace, finishing ability, and work rate make him suitable for top clubs seeking a modern centre-forward.
Real Madrid have historically targeted world-class attacking players to maintain their status among Europe’s elite clubs.
Analysts note that the club’s transfer strategy often combines experienced stars with emerging talents capable of long-term impact.
Osimhen’s potential arrival would also strengthen African representation at one of the world’s biggest football clubs.
However, any possible transfer is expected to involve intense negotiations and a significant financial commitment due to the player’s valuation and demand from rival clubs.
Attention now shifts to whether Real Madrid will formally pursue Osimhen and how Mourinho’s future ambitions could influence wider developments around the club.
TOPSHOT - A man stands with an Iranian national flag along an intersection at Valiasr Square in Tehran on April 6, 2026. Israeli strikes killed the intelligence chief of Iran's Revolutionary Guards, as the Islamic republic on April 6 defied threats from the US President to devastate civilian infrastructure if it does not reopen the Strait of Hormuz. (Photo by ATTA KENARE / AFP via Getty Images) /
The financial cost of the Iran war to the United States has climbed to $29 billion, according to a senior Pentagon official, as fears grow over rising oil prices, economic pressure, and the possibility of a prolonged conflict in the Middle East.
The updated figure is $4 billion higher than the estimate the Pentagon gave Congress just two weeks ago, and experts warn the final price tag could eventually exceed $1 trillion.
Speaking before departing for China, Donald Trump brushed aside concerns about the economic strain on Americans, saying his administration’s priority remains preventing Iran from obtaining a nuclear weapon.
“I don’t think about Americans’ financial situation,” Trump told reporters. “I think about one thing: We cannot let Iran have a nuclear weapon.”
The comments came as Americans continue to face rising fuel prices linked to the conflict’s disruption of global oil supplies.
According to the US Energy Department, gas prices are now expected to average $3.88 per gallon this year, while oil prices are projected to remain above $100 a barrel in the coming weeks.
The war has also rattled global energy markets. The International Energy Agency warned Wednesday that worldwide oil reserves are shrinking at a record pace due to disruptions tied to the conflict.
The agency said global oil stockpiles dropped by 246 million barrels between March and April, raising fears of fresh price spikes if the crisis continues.
The situation around the Strait of Hormuz one of the world’s most important oil shipping routes — remains especially tense. Shipping traffic through the narrow waterway has slowed dramatically since the war began, with fears of attacks and naval confrontations discouraging commercial vessels.
A Chinese-flagged oil supertanker was seen attempting to pass through the strait on Wednesday as Trump headed to Beijing for high-level talks with Xi Jinping.
China remains Iran’s largest oil customer and is seen as a potentially important player in efforts to de-escalate the conflict.
Despite that, Trump downplayed the idea that Washington needed Beijing’s assistance.
“We have Iran very much under control,” he said. “We’re either going to make a deal, or they’re going to be decimated.”
The president is expected to discuss both trade and the Iran conflict during his summit with Xi, though officials say negotiations between Washington and Tehran remain stalled after Trump rejected Iran’s latest proposal over the weekend.
Meanwhile, economists and defense analysts continue to warn that the long-term costs of the war could stretch far beyond military spending.
Harvard Kennedy School public policy expert Linda Bilmes estimates the conflict could ultimately cost American taxpayers at least $1 trillion once veterans’ care, damaged infrastructure, weapons replacement, and broader economic fallout are fully accounted for.
The conflict is also affecting industries beyond energy. The IEA says shortages in oil and gas supplies are beginning to disrupt petrochemical production, including materials used in plastics, fertilizers, and pharmaceuticals.
Air travel has also slowed globally as airlines respond to higher fuel costs and security concerns across the region.
As diplomatic efforts remain uncertain and tensions continue to simmer, financial markets are closely watching Trump’s meetings in China for any signal that the war could either move toward a negotiated settlement or deepen further.
TOKYO, JAPAN — Japan has introduced stricter student visa requirements, increasing documentation demands for international applicants seeking admission into Japanese institutions.
The updated measures are aimed at strengthening immigration checks and ensuring that only genuine students gain entry into the country for academic purposes.
Education and immigration authorities in Japan have placed stronger emphasis on detailed financial records, academic documentation, and verification processes during visa applications.
Under the revised system, international students are expected to provide clearer proof of financial capacity to cover tuition fees, accommodation, and living expenses throughout their studies.
Applicants are also required to present more detailed academic records and supporting identification documents during the visa process.
A major part of the application remains the Certificate of Eligibility (COE), an important document issued in Japan that confirms a student meets the conditions required for entry.
The COE is usually processed through the educational institution sponsoring the student before the visa application can proceed at Japanese embassies or consulates.
Authorities say the tighter rules are intended to prevent abuse of the student visa system and improve compliance with immigration regulations.
Immigration experts note that Japan has experienced increasing international student inflows in recent years as more foreign students seek quality education and employment opportunities in the country.
The stricter requirements are expected to lengthen processing times for some applicants because of additional verification procedures.
Prospective students may also face closer scrutiny regarding the source of funds used to support their education.
Financial proof requirements reportedly include bank statements, sponsorship documents, and evidence of stable income from sponsors or guardians.
Analysts say the tougher documentation standards could create additional challenges for applicants from developing countries where financial verification systems may be less straightforward.
However, Japanese authorities insist the measures are necessary to maintain the integrity of the country’s immigration and education systems.
Education consultants have advised students planning to study in Japan to begin their application process early and ensure all documents are complete and authentic.
Experts also encourage applicants to work closely with accredited institutions and avoid unofficial agents who may provide misleading information.
Japan remains a major destination for international students because of its advanced educational system, technology sector, and scholarship opportunities.
Despite the stricter rules, demand for Japanese study visas is expected to remain strong, especially among students seeking opportunities in science, engineering, and technology-related fields.
Observers believe the new measures reflect a broader global trend of countries tightening immigration controls while still competing for skilled international students.
Attention now shifts to how the tougher visa conditions will affect student application numbers and international education mobility in the coming years.
UYO, NIGERIA — The Medical and Dental Consultants Association of Nigeria (MDCAN) and the Association of Resident Doctors (ARD) have condemned the reported raid by operatives of the Economic and Financial Crimes Commission on the University of Uyo Teaching Hospital (UUTH) in Akwa Ibom State.
The medical associations described the operation as an unacceptable invasion of a healthcare facility and demanded the immediate release of affected medical personnel.
The condemnation follows a tense incident at the teaching hospital during which EFCC operatives reportedly stormed the premises while carrying out an investigation linked to an alleged financial crime case.
According to eyewitness accounts, panic spread across the hospital as patients, workers, and visitors fled for safety during the operation.
Medical groups alleged that Professor Eyo Ekpe, a cardiothoracic surgeon and deputy chairman of the hospital’s Medical Advisory Committee, was arrested and assaulted during the incident.
The associations also claimed that teargas was discharged within the hospital environment, creating fear and confusion among staff and patients.
In separate reactions, MDCAN and ARD accused the EFCC of violating the sanctity of a medical institution and endangering lives through its conduct.
The groups insisted that hospitals should remain protected spaces where medical personnel can carry out their duties without intimidation or disruption.
They further condemned reports that phones belonging to individuals recording the incident were allegedly seized by operatives.
The associations called on the federal government and relevant authorities to investigate the operation and hold any offending officers accountable.
Following emergency meetings, the medical groups announced support for the indefinite strike declared by doctors in the state.
The strike has already begun affecting healthcare services across Akwa Ibom, raising concerns about access to medical care for patients.
The EFCC, however, defended the operation, stating that its officers visited the hospital to verify a medical report connected to a suspect under investigation for alleged fraud.
The anti-graft agency also claimed its operatives were attacked while carrying out lawful duties.
Despite the explanation, medical stakeholders insist that the manner in which the operation was conducted was excessive and inappropriate for a healthcare environment.
Healthcare professionals and civil society groups have continued to express concern over increasing tensions between security agencies and public institutions.
Analysts warn that prolonged industrial action by doctors could worsen pressure on Nigeria’s already strained healthcare system.
They also note that disputes involving security agencies and hospitals require careful handling because of the potential impact on public health and emergency services.
Medical leaders are demanding assurances that such incidents will not recur before normal services can fully resume.
Attention now shifts to whether dialogue between the EFCC, medical associations, and government authorities can resolve the standoff and end the ongoing strike action.
UYO, NIGERIA — Medical doctors in Akwa Ibom State have commenced an indefinite strike following an alleged confrontation between operatives of the Economic and Financial Crimes Commission and staff members at the University of Uyo Teaching Hospital (UUTH).
The strike action was announced by the Nigerian Medical Association in Akwa Ibom after an emergency virtual congress convened to address the incident.
Tension reportedly erupted at the teaching hospital after EFCC operatives allegedly arrived at the facility in multiple vehicles during an operation linked to an ongoing financial crime investigation.
Witnesses claimed that some operatives wore masks while others were dressed in EFCC-branded jackets during the operation.
During the incident, Professor Eyo Ekpe, a cardiothoracic surgeon and deputy chairman of the hospital’s Medical Advisory Committee, was reportedly arrested by the operatives.
Videos circulating online showed scenes of panic within the hospital as workers, patients, and visitors reportedly fled for safety.
Some eyewitnesses alleged that teargas canisters were discharged within the hospital premises during the operation.
Reacting to the allegations, EFCC spokesperson Dele Oyewale stated that the operatives only visited the hospital to verify a medical report presented by a suspect already in custody over alleged fraud involving microfinance banks.
According to the anti-graft agency, its operatives were attacked while carrying out lawful duties and were allegedly pelted with stones during the exercise.
However, the Nigerian Medical Association strongly condemned the incident, describing it as an invasion of a sensitive medical environment.
In a communiqué signed by the state chairman, Dr. Aniekan Peter, and secretary, Dr. Ighorodje Edesiri, the association alleged that Professor Ekpe was assaulted, handcuffed, and forcibly taken away by masked operatives.
The association further claimed that gunshots were fired during the operation and that mobile phones belonging to individuals recording the incident were confiscated.
The doctors described the development as barbaric and a violation of the sanctity of healthcare institutions.
Following the emergency congress, the NMA directed doctors across the state to immediately withdraw medical services indefinitely.
The association insisted that it would not enter into negotiations until all detained medical personnel were released.
Doctors also demanded a public apology from the EFCC and called for disciplinary action against officers allegedly involved in the operation.
The association further alleged that its state chairman was shoved and exposed to teargas while attempting to seek clarification from the operatives.
The NMA warned that it could institute legal proceedings against the EFCC and seek damages amounting to N1 billion if its demands are not met.
Health sector stakeholders have expressed concern that the strike could significantly disrupt medical services across Akwa Ibom State if the crisis remains unresolved.
Observers say the incident highlights growing tensions between security operations and the protection of critical public institutions such as hospitals.
Attention now shifts to possible intervention efforts by the federal and state authorities to resolve the dispute and restore normal healthcare services in the state.
Former Minister of Power, Saleh Mamman, has been sentenced to 75 years in prison over a ₦33.8 billion fraud case linked to major power projects in the country.
The conviction followed a case filed by the Economic and Financial Crimes Commission, which accused the former minister of conspiracy and money laundering involving funds earmarked for the Zungeru and Mambilla hydroelectric power projects.
The court found Mamman guilty after proceedings that began with the anti-graft agency presenting evidence tied to the alleged diversion of public funds during his time in office.
The judgment marks a significant development in the long-running case. Earlier in the trial, the court had dismissed Mamman’s no-case submission and ordered him to enter his defence.
Nigeria once again failed to meet its crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC), after recording an average daily output of 1.49 million barrels in April slightly below the 1.5 million barrels per day benchmark.
Fresh figures released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed the country pumped 1,488,540 barrels of crude oil per day during the month, achieving about 99 per cent of its assigned quota. When condensates were included, total oil production rose to 1.66 million barrels daily.
The latest numbers contrast with claims made by the commission last month that Nigeria’s oil production had climbed to an average of 1.8 million barrels per day. Instead, the new data confirms the country has now missed its OPEC target for nine consecutive months since July 2025.
According to the NUPRC report, combined crude and condensate production reached a peak of 1.85 million barrels per day in April, while the lowest daily output dropped to 1.46 million barrels.
Although the April figures showed some improvement compared to previous months, production levels still remained below OPEC expectations.
Nigeria’s oil sector has continued to battle longstanding challenges, including crude theft, pipeline vandalism, ageing infrastructure
Alhaji Rabiu Musa Kwankwaso, former governor of Kano State, has said he is ready to be the running mate to Peter Obi ahead of the 2027 election.
He said this while speaking during an interview on Arise Television.
Kwankwaso noted that he would be happy to work with the former governor of Anambra if chosen by the Nigeria Democratic Congress (NDC).
The NDC chieftain said he and Obi have already agreed to jointly confront Nigeria’s security challenges to restore peace and stability across the country.
“Both of us, my humble self and Peter Obi, have agreed to tackle the issue of insecurity head-on to ensure there is peace and stability in this country,” he said.
When asked if he would accept the position of vice-presidential candidate if Obi emerges as the presidential candidate of the party, Kwankwaso responded in the affirmative.
“If the party decides that I should be the running mate of any candidate from the south under the circumstances, I’d be happy to work together with him,” he said.
“Personally, I cannot remember any better combination, no matter how much time is given to find those who can beat us in terms of doing the right thing for this country.”
United States President Donald Trump departed for China on Wednesday ahead of a major summit with Chinese leader Xi Jinping, insisting Washington does not need Beijing’s help to end the ongoing conflict with Iran.
Speaking before leaving Washington, Trump dismissed suggestions that China could play a decisive role in resolving the crisis, despite Tehran’s close economic ties with Beijing and the growing tension around the Strait of Hormuz a key global oil route that handles nearly a fifth of the world’s oil supply.
“We don’t need help with Iran,” Trump told reporters. “We’ll resolve it one way or another peacefully or otherwise.”
The remarks come as negotiations between Washington and Tehran remain stalled more than a month after a fragile ceasefire took effect.
The United States is demanding that Iran abandon its nuclear programme and ease restrictions around the Strait of Hormuz, while Tehran is pushing for compensation over war damage, an end to the U.S. blockade, and a halt to fighting involving its regional allies, including Hezbollah in Lebanon.
Trump has repeatedly rejected Iran’s demands, describing them as unacceptable.
At the same time, reports indicate Iran is strengthening its grip on regional energy routes. Sources familiar with the matter say Tehran has reached oil and gas export arrangements with Iraq and Pakistan, while other countries are reportedly considering similar deals.
Ahead of the summit, the Trump administration said U.S. and Chinese officials had already agreed that no nation should impose tolls or restrictions on international shipping through the region a move seen as an attempt to ease concerns over global trade disruptions.
As the conflict drags on, its financial impact is becoming harder to ignore.
Trump, however, said rising costs for American households are not influencing his approach to the war.
“The only thing that matters is that Iran cannot have a nuclear weapon,” he said. “I’m not thinking about Americans’ financial situation when it comes to this issue.”
His comments are likely to trigger political backlash at home, especially as inflation continues to rise ahead of the U.S. midterm elections.
Fresh economic data released Tuesday showed U.S. consumer inflation accelerated in April, driven by higher food, housing, and airfare costs.
Meanwhile, the International Energy Agency warned that disruptions linked to the Iran conflict could reduce global oil supply by nearly 3.9 million barrels per day in 2026. More than one billion barrels of Middle Eastern oil supply have already been affected by the crisis.
Brent crude prices hovered around $107 per barrel after several days of sharp gains linked to uncertainty around the Strait of Hormuz.
The Pentagon also disclosed that the war has now cost the United States about $29 billion roughly $4 billion more than previous estimates. Officials said the updated figure includes operational expenses as well as the repair and replacement of damaged military equipment.
Public opinion in the United States appears increasingly divided over the conflict. A recent Reuters/Ipsos poll found that most Americans believe the administration has not clearly explained the reasons behind the war.
Despite mounting pressure, Iranian officials remain defiant. State-linked media reported that Iran’s Revolutionary Guards recently carried out military drills focused on “preparation to confront the enemy,” while officials signaled plans to expand strategic control across parts of the Strait of Hormuz.
