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Tinubu appoints new CEOs for some federal agencies
President Bola Tinubu has approved the appointment of new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry, Trade and Investment, including the Industrial Training Fund, Corporate Affairs Commission and Standards Organisation of Nigeria.
This was disclosed by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, in a statement on Friday.
He said the appointments are in line with Tinubu’s resolve to base Nigeria’s economic revival on the foundation of trade expansion through small, medium and large-scale industry facilitation in the country.
The appointments are as follows: Corporate Affairs Commission (CAC) — Hussaini Ishaq Magaji, SAN; Industrial Training Fund (ITF) — Afiz Ogun Oluwatoyin; National Sugar Development Council (NSDC) — Kamar Bakrin; Nigeria Export Processing Zone Authority (NEPZA) — Olufemi Ogunyemi; Nigeria Export Promotion Council (NEPC) — Nonye Ayeni; Nigeria Investment Promotion Commission (NIPC) — Aisha Rimi; Oil & Gas Free Zone Authority (OGFZA) — Bamanga Usman Jada.
Others are the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) — Charles Odii; Standards Organisation of Nigeria (SON) — Ifeanyi Chukwunonso Okeke; Financial Reporting Council of Nigeria (FRCN) — Rabiu Olowo; Nigeria Commodities Exchange (NCE) — Anthony Atuche, CFA; Lagos International Trade Fair Complex (LITFCMB) — Veronica Safiya Ndanusa; Tafawa Balewa Square Management Board (TBSMB) — Lucia Shittu and National Automotive Design and Development Council (NADDC) — Oluwemimo Joseph Osanipin.
According to Ngelale, President Tinubu expects all new appointees in this critical sector to optimally deliver in accordance with new key performance indicating benchmarks as established by the Federal Ministry of Industry, Trade and Investment.
He added that by this directive of the President, all of the above-listed appointments take immediate effect.
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.
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.
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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