Author: David Great

SEC warns Investors, halts promotion of Dangote Refinery IPO

Oil marketers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have raised serious concerns over the Dangote Petroleum Refinery’s plan to distribute fuel directly to filling stations and major fuel consumers across the country. In a statement released on Monday by PETROAN’s Publicity Secretary, Joseph Obele, the association warned that the new distribution strategy could undermine the downstream sector, potentially resulting in job losses and the emergence of a monopoly. With its massive 650,000-barrel-per-day capacity, the Dangote refinery was expected to focus on production and export, not direct fuel distribution, the marketers argued. “This massive refinery, one…

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Katsina revokes licences of private, community schools

The Katsina State Government has issued a stern warning to bandits who recently surrendered, cautioning them to uphold their end of the peace agreement or face serious repercussions. Speaking to journalists on Monday, the Commissioner for Internal Security and Home Affairs, Nasir Mu’azu, said the government would not tolerate any breach of trust from those who have laid down their arms. “Let me also make it clear that in case they renege on their promises, we are going to deal with them as we used to. That is the position of the government,” Mu’azu said. He revealed that several bandit…

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Chelsea cruise past LAFC in Club World Cup opener

Chelsea got their FIFA Club World Cup campaign off to a strong start with a comfortable 2-0 win over LAFC in Group D. The match, held in what marked the first-ever Club World Cup clash between English and American sides, saw the Premier League team dominate from start to finish. Enzo Maresca’s men began as clear favourites and quickly took control, pinning LAFC deep into their half. Chelsea’s early pressure almost paid off when Noni Madueke’s powerful left-footed strike was stopped by Hugo Lloris. Despite controlling the tempo, Chelsea grew increasingly frustrated as the half progressed. That frustration was evident…

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Protesters demand justice over coastal highway displacements, detained activist

The Lagos State Government has announced an immediate suspension of planning approvals along the Lagos-Calabar Coastal Road corridor. This decision was revealed in a statement issued on Monday by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, at Alausa, Ikeja. According to Olumide, the move is aimed at addressing the significant impact the ongoing highway project is having on the state’s urban development initiatives. “The suspension of planning approvals along the Lagos-Calabar Coastal Road was necessary to address the impacts of the project on the State’s Physical Development Plans in the area,” he said. He explained that…

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EFCC withdraws fraud charges against Otudeko

A Federal High Court in Lagos, on Monday, held that it would await the decision of the Court of Appeal in a suit by Ecobank challenging alleged sale of N6.3 billion shares in Barbican Capital Limited. Ecobank had filed the suit against Obafemi Otudeko, Barbican Capital Ltd., and Honeywell Flour Mills of Nig. Plc. as the first, second and third defendants, respectively. Also joined as defendants are: Siloam Global Services Ltd., Oyeleye Foluke, First Bank of Nigeria (FBN) Holdings Plc., Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange as the fourth, fifth, sixth, seventh and eighth defendants, respectively The…

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Israel-Iran War: Trapped Nigerians criticism FG, cry for help from underground Isreali shelters

Iran called on US President Donald Trump on Monday to force Israel to cease fire as the only way to end the four-day-old aerial war, while Israeli Prime Minister Benjamin Netanyahu said his country was on the “path to victory”. Israeli forces stepped up their bombardment of Iranian cities, while Iran proved capable of piercing Israeli air defences with one of its most successful volleys yet of retaliatory missile strikes. “If President Trump is genuine about diplomacy and interested in stopping this war, next steps are consequential,” Iran’s Foreign Minister Abbas Araqchi said on X. “Israel must halt its aggression,…

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Prof. Yemi Osinbajo speaking at The Hague’s Peace Palace on people-centred justice during HiiL’s Why Justice Matters event

By Oluwafemi Popoola It was sometime in April 2022 that Prof. Yemi Osinbajo announced his intention to run for President. It felt like someone had finally opened a window in a suffocating room. You could hear the sighs of hope from young professionals, tech innovators, civil society leaders, and tired-but-still-hopeful academics across the country. For once, it seemed that someone who understood governance was stepping into the ring. But Nigerian politics isn’t a TED Talk. It’s more like a Nollywood political thriller—godfathers lurking in the shadows, plot twists at every turn, and enough backroom deals to exhaust even the most…

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President Tinubu approves N10 billion emergency funding and establishes a task force to strengthen Nigeria’s Ebola preparedness and response systems.

President Bola Tinubu of Nigeria will visit Benue state on Wednesday following the recent killing of more than 200 residents of the north central state by herdsmen, a statement by his office said on Monday. Tinubu has been criticized for his inaction by opposition leader, Peter Obi of the Labour Party,  who pointed to the actions of presidents in India and South Africa after similar crisis that claimed the lives of citizens in those country. “President Bola Tinubu has rescheduled his official visit to Kaduna State. Instead, he will travel to Benue State on Wednesday, June 18, 2025, as part…

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Former CBN Governor Godwin Emefiele appears in court as an EFCC witness testifies about the alleged $6.23 million withdrawal case in Abuja.

The Economic and Financial Crimes Commission, EFCC, on Monday, June 16, 2025, arraigned a former Governor of the Central Bank of Nigeria, CBN, Godwin Ifeanyi Emefiele, before Justice Yusuf Halilu of the Federal Capital Territory, FCT, High Court, Maitama, Abuja, on an eight-count charge bordering on criminal breach of trust, conspiracy, forgery, and unlawful possession of property suspected to be proceeds of crime to the tune of ₦7,831,002,396 (Seven billion, eight hundred and thirty-one million, two thousand, three hundred and ninety-six naira). Emefiele is facing trial for allegedly using his privileged position to unlawfully acquire properties and control large sums…

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Peter Obi reacting to the Federal Government's suspension of the proposed 2027 WASSCE and NECO examination fee increase.

Peter Obi, the Labour Party’s presidential candidate in the 2023 general election, has strongly criticised President Bola Ahmed Tinubu for failing to personally visit Benue State following the recent mass killings that claimed over 200 lives. In a post shared via his official X handle on Monday morning, Obi described the president’s absence as indicative of a disregard for human life. Obi contrasted Tinubu’s response to similar tragedies in other countries, where leaders showed up promptly to support grieving citizens. “Sadly, the evidence is right before our eyes. Recently, we witnessed severe flooding in Niger State that claimed nearly 200…

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