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Liberian president George Weah concedes defeat to opposition leader

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Liberia’s opposition leader Joseph Boakai has won the country’s well contested presidential election as his  rival and sitting President George Weah has conceded a tight election to mark a peaceful transfer of power in a region that has recently seen many military coups.

The country’s elections commission said on Friday that the 78-year-old Boakai, a former vice president, has managed to secure a narrow victory with 50.9 percent of the vote to Weah’s 49.1 percent, with almost all the votes counted.

“The Liberian people have spoken and we have heard their voice,” Weah said in an address to the nation.

“I urge you to follow my example and accept the result of the elections,” he said, adding that “our time will come again” in 2029 when Boakai’s six-year term in office ends.

The results mark a considerable shift compared with 2017 when former international football star Weah had succeeded in defeating Boakai comfortably by garnering 62 percent of the vote.

He had ridden a wave of public hope to the presidency, promising to combat poverty, develop the country’s ailing infrastructure and crackdown on injustice and corruption.

But voters grew disillusioned over time and the 57-year-old Weah was accused of failing to live up to his election promises to improve conditions in the West African nation.

Regardless of the results of Friday’s vote, the fact that the president conceded even before the final official tally was announced is significant as the region has seen eight military coups in the past three years.

Boakai supporters took to the streets in the capital Monrovia after he was declared the winner to celebrate. Boakai journalists after the results were announced that “we have a job ahead of us to do and I’m excited that the citizens have given us approval”.

“First and foremost, we want to have a message of peace and reconciliation,” he said.

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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DSS arrests medical doctor treating wounded terrorists

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Operatives of the Department of State Service have arrested a medical doctor treating wounded kidnappers inside the forest in different parts of Kwara State.

The suspect, whose name could not be ascertained at press time, was also involved in supplying drugs to kidnapping gangs operating in Kwara.

The DSS intercepted the medical doctor in the Jebba area after intelligence reports revealed that some couriers had been moving medical supplies from Sokoto to treat wounded bandits hiding in forests across the state.

A security official said many of the criminal groups have sustained gunshot injuries in recent encounters with forces.

The source said, “So, we are advising improved security measures in health facilities in thickly forested areas which the kidnappers may target.”

Confirming the development, the Chief Press Secretary to the Governor of Kwara State, Rafiu Ajakaye, said the arrest was another significant breakthrough in ongoing efforts to combat banditry.

Ajakaye noted that the state government will continue to strengthen collaboration with security agencies to shut down all channels aiding kidnapping activities.

 

 

 

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