
News
Former Vice President Atiku Abubakar has raised concerns over the recent claim that the website of the National Bureau of Statistics (NBS) was hacked, calling the incident “suspicious” and suggesting it could be an attempt to undermine the credibility of the agency’s data.
The NBS reported on Wednesday that its website, www.nigerianstat.gov.ng, had been compromised, advising the public to disregard any information posted there until further notice.
The agency’s website displayed a “Page hacked” message, with the site still unavailable as of Wednesday evening.
The alleged hack comes just a day after the NBS published its Crime Experience and Security Perception Survey (CESPS) for 2024, revealing alarming figures about Nigeria’s security crisis.
The report indicated that 614,937 Nigerians were murdered in one year, while over 2.2 million were kidnapped. It also noted that Nigerians paid a staggering N2.23 trillion in ransom between May 2023 and April 2024. Atiku, in a statement, linked the hack to the timing of the survey’s release, suggesting that it could be an attempt to discredit the data.
“The coincidence of this so-called hack coming shortly after the release of damning stats on security is suspicious,” Atiku said, adding that the claim was part of a larger pattern of “bad tidings” under President Bola Tinubu’s administration.
He warned that politicizing data released by the NBS would be “counterproductive” and undermine the integrity of the statistics, which are vital for national planning, development, and research.
Atiku also expressed concern over the potential politicization of the NBS data, emphasizing that the agency’s reports should remain free from political interference. “These are strange times in Nigeria,” he said, hoping that the incident was not an underhanded attempt to tarnish the reputation of an essential public institution.
The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, has declared the suspension of Chairmen and Vice Chairmen of the 18 Local Government Areas, LGAS, in Edo State as illegal and unconstitutional.
The AGF, who spoke to journalists in Abuja yesterday, stressed that removing from office or suspending any elected LG official in the country is the prerogative of Councilors in the said LGA.
The Justice Minister said his position was based on the July 11 judgment of the Supreme Court that granted autonomy to the 774 LGAs in the country.
“One thing that I know and can say without fear is that under the present dispensation, no Governor has the right to remove any local government chairman.
“That much I know. If I did not know before, since July 11, 2024, I became aware that removal of any local government chairman or official would be the prerogative of that local government, through their legislative house,” the AGF stated.
However, he said his initial reluctance to react to the development was because he wanted to know the basis upon which the LGA officials in Edo state were reportedly suspended.
It will be recalled that the Edo State House of Assembly suspended the chairmen and vice chairmen of the LGAs for two months over their alleged gross misconduct and insubordination.
The Assembly directed the council leaders to hand over to the legislative leaders of their respective local governments.
The action followed a letter from Governor Monday Okpebholo, who accused the council officials of insubordination, alleging that they failed to submit their financial reports from September 23, 2022, to date, as directed.
The LGA officials had since rejected their purported suspension, even as they vowed to remain in office till the expiration of their tenure in 2026. Meanwhile, speaking about ongoing reforms in the justice sector, the AGF said the development and adoption of the 2024-2028 National Policy on Justice would help to address the challenges militating against the effective administration of justice in Nigeria.
He said the federal government would in line with its determination to decongest the prisons, continue to train judges on the need to embrace the award of non-custodial sentences like community service, as provided for in the Administration of Criminal Justice Act, ACJA, 2015 and Nigerian Correctional Service Act, NCSA, 2019.
“The ACJA, 2015, seeks to reform the administration of criminal justice through the speedy dispensation of justice, protection of human rights, accountability, and oversight between and amongst criminal justice institutions.
“Since its enactment, the Ministry has been leading efforts to ensure its effective implementation to ensure citizens access justice and the protection of their rights.
“The Ministry, through various platforms, supported states to replicate the Act, through the adoption of their ACJL.
“Today, I am happy to report that the 36 states of the federation now have their states ACJLs, which, to a very large extent, replicates and further strengthen the provisions of the ACJA for effective implementation a the state level.
“The Justice Ministry is currently collaborating with the Ministry of Interior and Nigerian Correctional Service to conduct an audit of the Correctional Centres to ascertain the number of inmates, the condition of the correctional centres, the number and different categories of inmates in the correctional centres.
“The first phase of this audit conducted in 9 states and the FCT, took place between 21st – 25th November, 2024, and it is hoped that when concluded, the outcome will assist the federal government in initiating and implementing appropriate policies and programmes that will enhance effective management of the correctional service.
“While these achievements are commendable, we must remain focused on addressing existing challenges,” the AGF stated.
...Dangote Refinery Reduces to ₦899.5
In a sign of stability in the downstream sector, the Major Energy Marketers Association of Nigeria, MEMAN, has said that the landing cost of Premium Motor Spirit, PMS, also known as petrol declined marginally to N970 in December 2024, from N971 per litre in November 2024.
This comes against the backdrop of a similar drop in the crude oil price to $73.77 per barrel, yesterday, from $74 per barrel last week.
However, in its daily energy bulletin, MEMAN, said that the latest landing cost was based on N1,533.57/$ and $73.91 per barrel of crude oil (Brent).
However, it also stated: “International petroleum product pricing is experiencing significant volatility due to geopolitical and economic factors, including events in the Middle East, China market dynamics, and the market of the recent USA elections outcome.
“The foreign exchange rate is also experiencing volatility. Landing cost, being fundamentally influenced by these elements, is likely to change several times intra-day.”
However, the retail price of petrol remains unchanged at N1,025 per litre in Lagos.
The Chairman of the Lagos State Chapter of the association, Ehimen Joseph, said: “The price of petrol is determined by market forces under a deregulated market regime. A drop in price is possible.”
Similarly, Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, had also said, “The price of petrol cannot just drop spontaneously, as marketers have large stocks. Until it is finished, there will be no reduction.
“But the fall in price is possible over time based on market forces and foreign exchange volatility. In other words, fuel price reduction cannot be spontaneous. The market will definitely have a lag, that will be sustained within a month or two pending marketer’s depleted stocks and sustainable foreign exchange.”
Meanwhile, Dangote Petroleum Refinery has announced a reduction in the ex-depot price of its premium motor spirit (PMS), commonly known as petrol, to ₦899.50 per litre.
Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, made this announcement in a statement on Thursday.
"Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to below ₦900 per litre to provide much-needed relief for Nigerians ahead of the holiday season,” Chiejina stated.
The privately-owned refinery, Africa’s first of its kind, had previously reduced the price to ₦970 per litre on November 24. The new price adjustment is part of efforts to ease transportation costs during the festive period.
In addition to the price reduction, the refinery has introduced a special offer for consumers. For every litre of petrol purchased with cash, customers will be allowed to buy an additional litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at ₦899.50 per litre at our truck loading gantry or Single Point Mooring (SPM) facility,” Chiejina said.
Chiejina emphasized the refinery’s dedication to providing Nigerians with high-quality petroleum products at competitive prices, ensuring they are environmentally and engine-friendly.
He also highlighted the significant impact of the refinery’s operations on the Nigerian market, marking the end of the country being a dumping ground for substandard and blended imported fuel products.
These low-quality imports have historically posed risks to human health, machinery, and the environment.
The reduction in petrol prices and the introduction of innovative consumer incentives signal Dangote Refinery’s commitment to easing the financial burden on Nigerians during the holiday season while setting new standards for product quality and service delivery.
...'there is no going back', Wike insists on Demolition
Demolitions of property in Abuja have continued to generate ripples, with victims saying the exercise is compounding their suffering, the Daily Trust newspaper has reported.
This is even as the FCT Administration has confirmed that over 20,432 structures were pulled down in 2024.
The Director of the Department of Development Control, Tpl. Mukhtar Usman Galadima, who made this known at an award night for staff, said the action was taken to sustain the integrity of the Abuja Master Plan.
But many victims of the exercise have described the action as not only “Ill-timed but wicked”.
Reports have it that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has prioritised revenue generation through land administration, with specific focus on payments from ground rents and Certificate of Occupancy (C of O).
Wike, since inception, has spent millions of naira on newspaper publication on the title owners, who have allegedly failed to pay for either ground rents or the C of O.
His administration has revoked land titles and demolished many structures it said were illegally built and those whose owners failed to develop within the stipulated period or did not have necessary documents.
There were outcries two months ago when the FCT Administration demolished 50 duplexes and bungalows at Sabon Lugbe. Mukhtar Galadima, Director, Department of Development Control, said the structures were illegally erected by land grabbers without approval of appropriate authorities.
But Home Builders Association of Nigeria (HBAN), property developers and part-owners of property in Sabon Lugbe accused the Federal Capital Development Authority (FCDA) of deliberately wanting to confiscate their land and redesigning the area.
The chairman of the association, Engr Isaac Omolua, alleged that FCDA and its agents had been subjecting them to intimidation and fear by vandalising the property of his members.
A resident, Azuka Biose, alleged that the FCTA did the same with Centenary City as the authorities said it was for public overriding interest.
“At the end of the day, we learned it wasn’t for public overriding interest. It’s owned by one person. For 14 years now, we’ve not been given our property or anything to show. Every day, they have been doing layout for us; but we have not seen anyone.
“But if it’s something that concerns them, it won’t take a month, the layout would come out.”
He also said that no prior notification was given to them by the FCTA and that over 20 structures had been pulled down.
“The painful aspect is that they call developers land grabbers, while they are the land grabbers,’’ he said.
The wife of the Late Col. Paul Ogbebor, Rita, recently cried out over the revocation of a land at the Life camp area of Abuja, which she said belongs to her husband. But Wike had challenged her to show evidence of ownership.
The displaced occupants of the recently demolished Ruga settlement, said the action of the FCT Administration lacked human feelings.
Some of the residents, who spoke with our reporter, said life has become more difficult for them since the demolition exercise.
Mr Nuaziru Alkali said the FCT Minister, Nyesom Wike, promised to dialogue with their representative when he visited the site but regretted that nothing was done since then.
It would be recalled that the affected residents recently took to the streets, demanding that the FCT Minister, Nyesom Wike, be held accountable for the destruction of their community.
The protesters, led by lawyer and activist, Deji Adeyanju, accused Wike’s task force, known as “Operation Sweep,” of heavy-handed tactics that have left scores of residents homeless.
Reports have it that the FCT Department of Development Control Tuesday halted what it called ongoing illegal developments at Apo Zone E, Gudu District.
The Director of the department, Mukhtar Galadima, said allowing unapproved structures to be springing up in the city would lead to erosion that will result in flooding.
Soldiers seize FCTA staff, vehicles during demolition in Lugbe
There were reports yesterday that two Hilux vehicles belonging to the FCT Development Control Department were seized during an attempt to demolish some structures at Lugbe.
The soldiers reportedly drove the two vehicles to a general’s house in the area, leaving one deflated. some staff were said to have been held hostage by the soldiers.
When contacted yesterday, the Director of the department, Mukhtar Galadima, said he had not been briefed on the incident.
Natives threaten to invoke ancestors’ power on erring FCTA officials.
Natives of the Federal Capital Territory (FCT) have threatened to mobilise residents and invoke the power of their ancestors on any official of the FCT Administration abusing his or her powers.
Community leaders and natives recently expressed concerns over the unchecked power being wielded by the FCT ministers, whom they describe as “gods in disguise.”
They spoke after a meeting recently organised by several stakeholders including youth groups, women associations, and grassroots organisations convened to voice their grievances.
One of the major stakeholders, who spoke on behalf of the natives, Elder Danjuma Tanko Dara, said the existing governance framework in the FCT lacks democratic representation, which undermines the principles of accountability and transparency.
Demolitions should have adequate notices, compensation – Lawyer
A lawyer said although the FCT minister has powers over lands and the territory but must exercise the powers with a human face and in accordance with the law.
In his view, Obioma Ezenwobodo, Esq said Section 297 of the Nigerian Constitution vests ownership of all lands comprising the Federal Capital Territory, Abuja in the Government of the Federal Republic of Nigeria, there is also the right to privacy of property in the constitution.
He said where the government wants to acquire land, such as in a developed city like the FCT, it must be for overriding public interest and nothing more.
“Therefore, where a citizen has his land papers intact, he cannot or rather should not be dispossessed of his land except for overriding public interest. Even at that, strict legal procedures comprising of giving him adequate notice and compensating him must be followed,” he said.
“Even illegal squatters, though do not have legitimate titles, should be protected by the government or at best be provided a more conducive place to stay. The world has moved far away from the manner of forced evictions being witnessed presently. The country belongs to all of us.”
No going back on demolitions-Wike
The FCT Minister, Nyesom Wike, has vowed to continue demolishing properties in the nation’s capital despite pressure including the recent order by the Senate on the minister to halt the demolition.
Speaking during the distribution of operational vehicles to security agencies at the FCTA secretariat on Thursday, Wike said the structures being demolished by the Federal Capital Development Authority (FCDA) are properties illegally built on government lands.
“Let me use this opportunity to tell Nigerians and residents of Abuja, we are not afraid of blackmail. In fact, you cannot be in this kind of position and say you cannot be blackmailed, particularly as regards this Abuja. There are so many land grabbers. Some of us have come to put our feet down. Let heaven fall. It is even better that heaven comes down now so that we would not be fasting again to go to heaven.’’
Hackers have breached the website of the National Bureau of Statistics (NBS), rendering it temporarily inaccessible.
As of Wednesday evening, visitors to the official site — www.nigerianstat.gov.ng — were met with a message reading, “Page hacked” on a blank white background.
The NBS confirmed the cyberattack in a statement posted on X (formerly Twitter), urging the public to disregard any content appearing on the website until it is fully restored.
“We wish to inform the public that the NBS Website has been hacked, and we are actively working to recover it. Please disregard any messages or reports posted until the website is back online,” the statement said.
The breach occurred just 24 hours after the NBS published its latest report on crime experience and security perception in Nigeria. The report revealed troubling statistics, including that Nigerians paid a staggering N2.23 trillion in ransom over a one-year period between May 2023 and April 2024.
The survey indicated that approximately 51.89 million crime incidents were recorded across Nigerian households in that time frame, with the north-western region facing the highest incidence, at more than 14 million cases. The south-east recorded the fewest incidents, with just over six million cases. Additionally, the report highlighted that rural areas (26.5 million incidents) experienced a higher crime rate than urban areas (25.4 million incidents).
Afenifere, a prominent Yoruba socio-political organization, held a world press conference yesterday to raise alarm over the abduction, detention, and violations of the constitutional rights of Dele Farotimi, a respected human rights lawyer and member of the group.
The organization decried what it called an unjust and unlawful treatment of Farotimi by the Nigerian Police and legal authorities, which it described as a significant blow to Nigeria’s democracy, free speech, and personal liberty.
Farotimi, a vocal advocate for civil rights, was arrested under contentious circumstances on December 3, 2024, when plainclothes officers reportedly stormed his office in Lagos.
Eyewitnesses recounted a chaotic scene as police officers, armed and unannounced, forced their way past staff and confiscated their phones, before taking Farotimi into custody.
Afenifere’s deputy leader, Oba Oladipo Olaitan, detailed the sequence of events, noting that the arrest followed an earlier invitation from the Zone 2 Police Command on November 11, which Farotimi had complied with. He had been questioned in relation to a defamation petition filed by Tony Elumelu, the chairman of UBA Group, over comments allegedly made by Farotimi.
Despite being told that he was the subject of a defamation case in Ekiti State, Farotimi’s whereabouts were initially unknown after his arrest. The Ekiti State Police Command later confirmed that they were holding him on charges of defamation and cyberstalking. However, the organization highlighted the irregularities of his detention, noting that Farotimi had been transported from Lagos to Ekiti without following proper legal protocols or informing his family or legal representatives.
Afenifere raised serious concerns about the practice of “rendering” suspects—transporting them across state lines for questioning or trial without proper legal documentation or prior notification to family members, a practice it said undermines the rule of law and often causes undue hardship for families who are left in the dark about the whereabouts of their loved ones.
On December 4, Farotimi was arraigned in Ado-Ekiti, where he faced 16 counts of criminal libel. Despite the offense being bailable, the presiding Magistrate refused to consider his bail application, insisting on a written request. The matter was adjourned until December 10 for further consideration. However, Afenifere criticized the handling of the case, pointing out that the charges were unfounded and that the legal proceedings were politically motivated.
Further compounding the situation, the Nigerian Inspector General of Police filed additional charges of cyberstalking and cyberbullying against Farotimi, which were presented in a Federal High Court in Ado-Ekiti. Afenifere condemned the use of handcuffs in Farotimi’s court appearance, which it called an unnecessary act of humiliation for an individual known to be non-violent and not a flight risk.
The organization also drew attention to the failure of the court to address a critical preliminary objection raised by Farotimi’s legal team, which pointed out that the charges against him were not recognized under the laws of either Ekiti or Lagos States. Despite this, the Magistrate went ahead with the adjournment, further detaining Farotimi until the next court session on December 20.
In a stern statement, Afenifere condemned the actions of the Nigerian Police and the judiciary, accusing them of operating under extrajudicial and political pressures. The organization reiterated that Farotimi, like any accused person, should be presumed innocent until proven guilty, and his rights must be respected throughout the legal process.
“Afenifere calls for the immediate and unconditional release of Dele Farotimi.
“We demand a full investigation into the circumstances surrounding his abduction and unlawful detention. This case is not just about Farotimi; it represents a watershed moment in the ongoing struggle for justice, accountability, and the rule of law in Nigeria.”
The group also expressed concerns about the broader implications of the case for free speech and democracy in Nigeria, with many seeing it as an attempt to silence dissenting voices critical of the government and powerful figures.
As of now, Farotimi remains in custody, awaiting the next court session on December 20, 2024.
The police have arrested the organisers of the children’s funfair where many were feared dead and many others injured due to a stampede that erupted at the Islamic High School, Basorun, Ibadan, Oyo State capital, midway into the carnival on Wednesday.
Unspecified number of children reportedly lost their lives in the stampede that occurred during the carnival in Ibadan.
Multiple sources put the statistics of children who reportedly perished in the stampede at over 30 while scores of others were also injured.
According to the state Commissioner for Information and Orientation, Dotun Oyelade, who confirmed the stampede which occurred at a private children’s funfair at Basorun Islamic High School, said the State government swiftly mobilised her rapid response team to the scene when the incident occured.
The Nigerian Newstrack reports that the government had advised worried parents to check some identified medical facilities in Ibadan, where affected children were taken to for proper medical care to ascertain the whereabouts of their wards and children.
“Parents who are concerned about the whereabouts of their children are urged to check the following medical facilities in Ibadan, where affected children have been taken for proper medical care, with valid means of identification:
Patnas Hospital, Basorun; Western Hospital, Basorun; Ringroad State Hospital; Molly Specialist Hospital; and the University College Hospital, Ibadan,” Oyelade stated.
However, reacting to the development on Wednesday evening in a statement, he shared on his verified official X handle, Governor Seyi Makinde stated that the organisers have been arrested and are already in police custody.
Makinde said that investigations were on-going to determine the cause of the stampede while measures have also been taken to prevent further death, even as he sympathized with the victims and their families.
The governor tweeted: “Earlier today, an incident occurred in Islamic High School Basorun, the venue of an event organised for families. Sadly, a stampede at the venue has led to multiple loss of lives and injuries.
This is a very sad day for us here in Oyo State. We sympathise with the parents whose joy has suddenly been turned to mourning due to these deaths.
“We have taken steps to ensure no further deaths are recorded at this venue by deploying security agents to restore order at the venue. We also deployed medical personnel and ambulances to the venue. The event has been stopped, and attendees have been escorted out of the venue. We are taking all realistic measures to ensure that the venue is secured.
“While investigations are ongoing, the primary organisers of the event that led to this stampede have been taken into custody.
“Our hearts remain with the families and loved ones impacted by this tragedy. May the souls of the departed rest in peace. Amen,” he stated.
Although the Oyo State Government did not disclose the identities of the organisers, events that preceded the funfair, including announcements, revealed that it was put together by the estranged wife of the Ooni of Ife, Queen Naomi Silekunola Ogunwusi, in conjunction with an Ibadan based radio station; Agidigbo 88.7 FM owned by Oriyomi Hamzat.
Earlier on Tuesday, the Agidigbo 88.7 FM, Ibadan shared on its Facebook handle the announcement that ex – Olori Ile – Ife, who is the founder of Women In Need Of Guidance and Support, was at the station ahead of her 2024 Children Fun Fair which was slated for today(Wednesday).
The Facebook post reads, “Founder of Women In Need Of Guidance and Support, Her Majesty Queen Naomi Silekunola Ogunwusi in the Kunle Hamzat studio, ahead of her 2024 Children Fun Fair.
“Speaking during a special programme on Agidigbo FM, Queen Prophetess Naomi Silekunola Ogunswusi is set to host 5,000 kids between the ages of 0-13 years across Ibadan for free under the aegis of (WINGS) foundation.
“Olori Naomi Ogunwusi revealed that the event, scheduled for Wednesday, December 18, 2024, at Islamic High School Bashorun Ibadan, is strictly for children and they will win exciting prizes like scholarships and other bountiful gifts.
“Olori Ogunwusi also assured parents and guardians of adequate security for all participants of the event.”
In a significant fiscal development, major international technology companies, including Google, Facebook, Netflix, and others, have paid N3.85 trillion in taxes to the Nigerian Federal Government during the first nine months of 2024.
Tax Collection Highlights:
- 68.12% increase from N2.29 trillion in the same period of 2023
- Comprises Company Income Tax (CIT) and Value Added Tax (VAT)
- Quarterly progression shows consistent growth in tax revenues
Detailed Tax Breakdown:
1. Company Income Tax (CIT)
- Total collection: N2.57 trillion
- 43.65% increase from N1.789 trillion in 2023
- Quarterly progression:
* Q1: N598.13 billion
* Q2: N1.12 trillion
* Q3: N852.29 billion
2. Value Added Tax (VAT)
- Total collection: N1.28 trillion
- Remarkable 157.03% surge from N498.34 billion in 2023
- Quarterly progression:
* Q1: N435.73 billion
* Q2: N395.74 billion
* Q3: N448.85 billion
Regulatory Context:
- CIT: 30% tax on company profits
- VAT: 7.5% consumption tax
- Government initiated tax collection from digital service providers in 2020
Targeted Digital Service Providers:
- Video streaming platforms
- Social media sites
- Digital content download services
- Companies like Netflix, Facebook, Twitter, Alibaba, and Amazon
Compliance Status:
- Google, LinkedIn, and Meta have met tax compliance requirements
- TikTok and X (formerly Twitter) are yet to comply with tax filing regulations
The significant increase in tax collection reflects the Nigerian government's enhanced efforts to capture revenue from digital service providers operating in the country, even without physical offices.
Experts anticipate further revenue growth as more social platforms begin remitting their statutory tax obligations.
A recent National Bureau of Statistics (NBS) survey has exposed alarming crime trends in Nigeria, revealing that citizens paid an estimated N2.23 trillion in ransoms between May 2023 and April 2024.
The comprehensive crime experience and security perception report documented approximately 51.89 million criminal incidents across Nigerian households during the one-year period. The data paints a troubling picture of security challenges facing the country.
Regional Breakdown of Crime Incidents:
- North-West emerged as the most crime-prone zone, reporting over 14 million cases
- North-Central followed with 8.7 million incidents
- South-East recorded the lowest number of crimes at around 6.2 million
Notably, rural areas experienced slightly more criminal activities (26.5 million incidents) compared to urban areas (25.4 million incidents).
Kidnapping and Ransom Highlights:
- 65% of households experiencing kidnapping paid a ransom
- Average ransom payment was N2.67 million
- Total estimated ransom payments reached a staggering N2.23 trillion
Home Robbery Statistics:
- 4.14 million households were victims of home robbery
- Only 36.3% of robbery victims reported incidents to the police
Individual Crime Experiences:
- 21.4% of Nigerians reported being crime victims
- Phone theft was the most common crime, affecting 13.8% of individuals
- 90% of phone theft victims reported to the police
- Only 50% of victims expressed satisfaction with police responses
Reasons for Low Reporting:
The study identified key factors discouraging crime reporting, including:
- Lack of confidence in law enforcement
- Belief that police intervention would not yield meaningful results
The report underscores significant security challenges facing Nigeria, highlighting the urgent need for improved law enforcement and crime prevention strategies.
The Central Bank of Nigeria (CBN) has introduced new regulations for point-of-sale (PoS) transactions, setting a daily withdrawal limit of N100,000 per customer as part of its ongoing efforts to promote a cashless economy.
Key Withdrawal Restrictions:
- Maximum daily cash withdrawal per customer: N100,000
- Weekly cash withdrawal limit: N500,000
- Daily cumulative cash-out limit for agents: N1,200,000
The comprehensive directive, issued through a circular to deposit money banks, microfinance banks, mobile money operators, and super-agents, aims to:
- Address industry challenges
- Combat potential fraud
- Establish uniform operational standards
Detailed Compliance Requirements:
1. Agent Banking Terminal Limitations
- Daily transaction cash-out capped at N100,000 per customer
- Strict demarcation between agent banking and merchant activities
- Mandatory use of Agent Code 6010 for banking activities
2. Account and Transaction Monitoring
- Transactions to be conducted exclusively through designated float accounts
- Monitoring of accounts associated with agents' Bank Verification Numbers (BVN)
- Electronic reporting of daily transactions to the Nigerian Interbank Settlement System (NIBSS)
Regulatory Oversight:
- Principals will be held fully responsible for their agents' actions
- CBN will conduct unannounced back-end configuration checks
- Non-compliance may result in monetary and administrative sanctions
The move represents a significant step in the CBN's strategy to digitize financial transactions and reduce cash circulation in the Nigerian economy.
Banks and financial institutions have been directed to implement these guidelines immediately, marking a new phase in Nigeria's financial regulatory landscape.
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A chieftain of the ruling All Progressives Congress (APC) Chief (Mrs) Iyabo Anisulowo has maintained that Senator Olamilekan Solomon representing Ogun West Senatorial District at the National Assembly is not a genuine indigene of the senatorial district he is representing, the Penpushing Newspaper has reported.
Anisulowo who is an elder of the zone made the declaration in an interview with journalists, emphasizing that the federal lawmaker is a stranger in the zone and that he only came to take resources and inheritance of the founding fathers of the zone.
The former Minister of Education on the rumored Ogun State Governorship interest of Solomon declared that he would be resisted, insisting that he is not the state citizen, and should stop meddling into the internal politics of the zone and the state.
‘We are not accepting a stranger to come and take our resources and our inheritance in this place. We have worked very hard to build it to the level that they came. You don’t meddle with our internal politics. If you meddle with our internal politics, you’ll run to your own base eventually’, Anisulowo stated.
‘When he came, he came like a snake, serpent looking for his root. His mother was buried in Epe, the father is buried in Ekiti. I have been here for 40 years, playing the politics, national politics, and those time I was fighting for five local government where was he. If we are two local government, will he say he is from here. If he is my brother, won’t he congratulate me’, she emphasised
Anisulowo who was a former Governorship candidate, while buttressing her point to dismiss Solomon’s indigeneship claim said his mother was buried in Epe, while his father was buried in Ekiti.
The All Progressives Congress (APC) leader said she has been in the zone for over 40 years, and playing national politics, arguing that no records showed that Solomon popularly called Yayi is from Ogun West Senatorial District.
Anisulowo pointed out that Solomon came like a snake, stressing that when she was fighting for creation of local government in the zone, Solomon was no where, and also questioned authenticity of his political claim.
‘I am first of 9 children, because most of us are women. I was born, bred in Lagos, 179 Igbosere road that did not make me lose my roots. I am questioning his politics. He wants to come and take what belongs to us here’,Anishulowo explained.
The veteran politician berated some traditional rulers led by Olu of Ilaro and Paramount Ruler of Yewaland, Oba Kehinde Olugbenle for erroneously and personally accepting Solomon as indigene of the zone, stressing that it is unfortunate that traditional rulers ventured into politics
‘The Kabiyesi adopted him as a son, or whatever he thought, what he accepted him for. Accepted him is a personal relationship. He (Kabiyesi) is not supposed to be in politics, and he has chosen to play in line of politics’, she stated.
Years after the #endsars protest that rocked Nigeria, especially at the Lekki toll gate in Lagos, where security forces shot at peaceful protesters, most of the people that actively participated are still living in palpable fears of being arrested.
A victim of such arrest was one Ahmed Olawale who led some youths during the #endbadgovernance protest on August 1st, claiming that his friend was killed during the 2020 protest.
Olawale narrated how he was arrested on a fateful night after this year's endbadgovernance protest having been pursued by the Police on several occasions.
He said, "it was a replica of what i faced after the endsars protest when i survived by whiskers. Infact with this new onslaught my family at present is hoping for the worst".
Similar reports of missing people are being silently recorded in other parts of the country as it appears the abductors are operating with names and faces to reach their targets through informants and records.
Civil rights Organisations believe that this is a way of suppressing people's voices through allegedly through arrests, intimidation and extra judicial killings.
Years after violent suppression of nationwide #EndSARS protests against police brutality, at least fifteen protesters arrested in 2020 are allegedly still being arbitrarily detained – the majority of them without trial – in Kirikiri Medium Correctional Centre and Ikoyi Medium Security Correctional Centre in Lagos.
The Nigerian authorities have filed trumped-up charges including theft, arson, possession of unlawful firearms, and murder against many of the protesters. Some of those detained allege that they have been subjected to torture.
Isa Sanusi Director Amnesty International Nigeria, who revealed this said seven #EndSARS protesters – Daniel Joy-Igbo, Sodiq Adigun, Sunday Okoro, Olumide Fatai, Oluwole Isa, Shehu Anas, and Akiniran Oyetakin – arrested in Lagos in 2020, are being arbitrarily held in Kirikiri Medium Correctional Centre.
Meanwhile, the Lagos State police command was said to have released 22 persons arrested in connection with the #EndSARS memorial protest this year.
The protesters were arrested at the Lekki tollgate area of the state.
The protesters called for full implementation of the reports from the judicial panels of inquiry set up after protests.
In a shocking incident on Tuesday morning, a commercial bus driver in Lagos allegedly set himself, his vehicle, and a Lagos State Traffic Management Authority (LASTMA) officer on fire in a desperate attempt to avoid arrest.
The driver, whose identity is yet to be confirmed, reportedly resorted to this extreme act after being flagged down by LASTMA officials for a traffic violation.
LASTMA General Manager, Olalekan Bakare-Oki, confirmed the incident, describing it as both disturbing and unprecedented.
“The Lagos State Traffic Management Authority, LASTMA, has been made aware of a distressing video showing the driver of a Volkswagen T4 commercial bus, license plate LSD 355 CK, setting both his vehicle and LASTMA officers ablaze in a brazen attempt to evade arrest,” Bakare-Oki stated.
The incident took place in the Cele inward Mile-2 area, where LASTMA officials had intercepted the driver for violating traffic regulations.
According to Bakare-Oki, the situation quickly escalated, with “the driver and his conductor erupting into a frenzy, resorting to pouring petrol on LASTMA personnel and engaging in hostile confrontations and physical attacks against officers present.”
Tragically, one LASTMA officer suffered severe burns and was immediately taken to a nearby hospital for urgent treatment.
LASTMA has emphasized its commitment to enforcing traffic laws and ensuring road safety, as mandated by the Lagos State Transport Sector Reform Law of 2018.
In a strong warning to all motorists, Bakare-Oki urged compliance with traffic regulations and respect for LASTMA personnel.
“LASTMA will not condone any form of violence or intimidation and will take firm and decisive action against those responsible,” he affirmed.
Ikenne, Ogun State, was thrown into chaos on Saturday as a standoff between security forces and local youths turned violent.
The clash was sparked by the Ikenne Local Government Area’s decision to prohibit the celebration of the Oro festival, citing concerns about potential unrest amid a lingering royal dispute.
Defying the ban, youths took to the streets, setting up bonfires and facing off against police. The situation rapidly deteriorated, with reports of sporadic gunfire and the arrest of 20 individuals. Two vehicles were also impounded.
According to Police Commissioner Abiodun Alamutu, the unrest was fueled by simmering tensions over a recent court ruling related to the community’s protracted Obaship crisis.
“It is a fallout of the longstanding Obaship crisis in the town. Recently, the court dismissed the one currently on the throne, but the judgement had been appealed,” he explained.
He further elaborated on the local government’s decision to halt the festival.
“Based on the tense atmosphere, the local government, which is the consenting authority for the festival, decided that it should not be celebrated to prevent any breach of peace.
“We did the same thing last year, but some youths, who are being misguided, decided they must have their way.
“We have arrested 20 of them, impounded two vehicles and everyone will soon be brought to the state command at Eleweran, Abeokuta to answer for their misdeeds,” Alamutu said.
The police chief confirmed that those arrested would be taken to the state command in Eleweran, Abeokuta, to answer for their actions.