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EFCC Invites Insurance Commissioner Over Alleged N30bn Recapitalisation Fees

The Economic and Financial Crimes Commission has invited the Commissioner for Insurance , Mr Ayo Omoshehin , to explain allegations surrounding the collection of various fees from insurance companies under the ongoing recapitalisation exercise, including an alleged one per cent charge on fresh capital raised by operators. The invitation followed a petition by NICON Insurance Plc and the Nigeria Reinsurance Corporation to President Bola Ahmed Tinubu , in which the companies alleged irregularities in the implementation of the recapitalisation programme by the National Insurance Commission . The petitioners alleged that insurance companies had been subjected to a series of payments, including a one per cent recapitalisation fee, verification charges and additional registration fees, which they claimed amounted to more than N30bn across the industry. They questioned the legal basis for the charges, arguing that NAICOM , being a Federal Government agency, could not impose such fin...

FG Begins South-South Consultative Workshop to Foster Efficient Soil Management Policy in Nigeria

Nigeria's Federal Ministry of Agriculture and Food Security through its Agricultural Land and Climate Change Management Services (ALCCMS) has unveiled new measures to address soil health and climate change management, strengthen agricultural productivity and promote the sustainable management of agricultural land at sub-national levels across the country. This was disclosed on Tuesday in Calabar, Cross River State , during a two-day Zonal Validation Workshop on Nigeria Agricultural Land and Soil Management Policy (NALSMP) for 2027- 2035 which brought stakeholders across the South-South Geo-political Zone together. Welcoming participants from Edo, Delta, Bayelsa, Rivers and Akwa Ibom State, the Cross River State Commissioner For Agriculture, Johnson Ebokpo represented by the Chairman Cross River State Multi-stakeholder Committee for Cocoa, Coffee and Oilpalm Strategic Plan Development in the state, Prof Susan Cohen . The commissioner stated that, "Cross River State has...

Landslide: Otu Mobilises Emergency Response to Protect Calabar Residents

The Cross River State Government has commenced emergency intervention works following a devastating landslide that disrupted access and threatened residents in an affected community in Calabar . The intervention, initiated under the leadership of Governor Bassey Otu , is aimed at restoring access to the area, safeguarding residents and preventing further damage caused by the landslide. The Commissioner for Works, Hon. Pius Edet , visited the site to inspect the ongoing work and assess the progress of the emergency response. He also directed attention to the quality and timely execution of the intervention. The swift response underscores the commitment of the Otu administration’s People First agenda to addressing the immediate concerns of residents and taking decisive action whenever urgent intervention is required. Speaking with journalists at the site, Commissioner Edet assured residents of the state government’s continued commitment to their safety, welfare and overall well-...

Governor Otu Deploys Swamp Buggy to UNICROSS Staff Quarters, VC Inspects Flood-Affected Areas

The Cross River State Government , under the leadership of His Excellency, Distinguished Senator Bassey Edet Otu , has responded swiftly to the flooding affecting the University of Cross River State (UNICROSS) Staff Quarters by deploying a high-capacity swamp buggy to clear blocked waterways and restore the free flow of water within the area. The intervention followed the recent torrential rainfall in Calabar , which resulted in flooding in parts of the Staff Quarters and affected some residential buildings and household properties. In a demonstration of concern for the welfare of staff, the Vice Chancellor of UNICROSS, Prof. Francisca Bassey , accompanied by members of the University Management, visited the affected areas to assess the situation firsthand and interact with residents. Remarkably, the Vice Chancellor and members of Management undertook the inspection amid a heavy downpour, demonstrating their willingness to personally confront the challenges facing members of the...

Will State Electricity Regulators Have The Courage To Hold DisCos Accountable?

In a recent article, I attempted to clarify how subsidy works in the Nigeria Electricity Supply Industry (NESI). However, reactions from readers across different channels opened a door I didn’t anticipate. If government is still investing heavily in subsidies and other support mechanisms, they argued, why does the quality of service from those providing electricity, especially the Distribution Companies (DisCos), still so epileptic? The simple truth is that Nigeria’s electricity sector has rules governing how electricity flows through our homes and businesses, performance contracts with clear penalties for failures, and a regulator in the Nigerian Electricity Regulatory Commission . What has been lacking is the will to enforce these rules firmly and fairly to ensure improved power supply. This is why the Electricity Act 2023 , which decentralized power and created State Electricity Regulatory Commissions , should be a genuine game-changer if allowed to function as intended. In ou...

UN Disowns Adeyemi Over Alleged Youth Office Appointment, Exonerates Gbajabiamila-Envoy

The United Nations has disowned Mr Adeniyi Adeyemi Matthew over his alleged appointment to a position within the UN Youth Office , declaring that he has no appointment, employment or affiliation with the organisation. The UN Youth Office also stated that Adeyemi was never authorised to represent the office or the United Nations in any capacity. The clarification was contained in a letter dated July 27, 2026, with reference number UNYO-2026-0017, issued by the United Nations Youth Office and released through Nigeria’s Permanent Mission to the UN in New York. The letter was written in response to a note from Nigeria’s Permanent Mission to the United Nations dated July 1, 2026, seeking clarification on Adeyemi’s purported appointment and documents allegedly linked to the position. In the letter, the UN Youth Office stated that Adeyemi “holds no appointment, employment, or affiliation of any kind with the Office” and had never been authorised to represent it in any capacity. The d...