News
TInubu: A Naval officer slapped me when I was cab driver in the US
Nigeria’s President, Bola Ahmed TInubu has recalled an experience while he was a cab driver in the United States of America when a Naval officer slapped him.
He made the disclose while narrating his life experience in a biography published on the back page of a newspaper.
According to him, ‘One experience I will not forget was when I over charged a naval officer who was returning to the country. It was not intentional. Apparently, I didn’t know the direction; there was no GPRS in those days to locate directions.
‘He gave me the direction to his house in a Virginia suburb. I gave him the price and the man responded with a slap to my face. He said I should know the correct fare to charge to the location he mentioned. He slapped me and gave me the money.
‘Another experience was when I took a guy whom I didn’t know was drunk. When I drove to his house, he pointed a gun at me instead of paying the fare. He took my leather jacket and said: ‘Get into your car and get lost.’ He did not pay.’
Speaking on his experience as a security guard, Jagaban, as he’s also called, said, ‘ Another interesting one was when I was taking the third accounting class and equally working as a security guard at a construction site. They were very serious with their kind of security. You just had to do that job. There were about six points with six clocks at the site, which the security man must wind every hour and with a dog in hand. So, there was never a chance of trying to catch a nap.
‘As I was doing my accounting assignment, I fell asleep. I was dead asleep! The inspector came to the site and found me sleeping, with my head on my books. He simply pulled the register and wrote: ‘I have been here. You were sound asleep. So, see me tomorrow.’ When I woke up, I found that Skiddo (the dog’s name) was gone, and then the register. I just went to a corner, cleaned my face and concentrated on my assignment because I knew the job was already gone. ‘You can’t lose two things. I ensured that I read well for my test and passed the next day.
‘I opted to post their uniform and the cap to them, but suddenly ran into the man and he handed me my cheque and said the job was gone. I told him I knew and we said goodbye to each other.”
News
FCT Minister sacks Revenue Service boss
Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.
The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.
The statement added that the decision takes immediate effect.
Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency
“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.
He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”
The statement did not provide reasons for the removal.
News
Speaker, 14 other River State assembly members decamp to APC
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.
News
CBN rolls out new directives to track financial fraud
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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