News
Tinubu’s May 29 inauguration a settled matter-IGP
The Nigeria Police Force has said all is set for the inauguration of President-elect, Bola Tinubu as President on May 29, 14 days from today.
The Inspector-General of Police (IGP), Usman Alkali Baba who stated this on Monday, therefore cautioned political parties trying to foment trouble on that day, to stay off as the inauguration date, according to him, remains sacrosanct.
He vowed to do everything possible alongside other security operatives to defend democracy in the country.
The police boss, who gave the warning while briefing reporters in Abuja, said: “Following the successful conclusion of the 2023 General elections, it has been observed that some major political actors that the outcome did not favour, have been issuing public threats that are directed at instigating actions to frustrate the Presidential inauguration ceremony on 29th May, 2023.
“The Nigeria Police and the national intelligence community have been closely monitoring the activities of these political elites as well as other elements who have formed themselves into unpatriotic brands whose only fantasy, in recent times, is to subvert our national security interests.
“In so doing, they seem to be bent on deploying extra-judicial and undemocratic means to truncate our democratic heritage in advancement of their narrow personal political considerations”.
He said the beauty of democracy lies not just in the freedom of the citizens to freely exercise their franchise within the electoral cycle:
“It is also hinged on the right of aggrieved political actors to submit grievances on the electoral outcome to the judicial process for consideration,” he added.
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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