Judges, magistrates tools in hands of politicians – NBA President, Osigwe

President of the Nigeria Bar Association, NBA, Afam Osigwe, SAN, has lamented that judges and magistrates appear to be tools in the hands of politicians and ‘big men’.

Osigwe said this on Wednesday during an interview on Arise Television’s ‘Prime Time’ monitored by DAILY POST.

He said that free speech is being concealed in Nigeria under the guise of cyber crime and defamation.

“Free speech is being muzzled in Nigeria under the guise of charging people to court and investigating them for cyber crime and criminal defamation.

“Even when the matters are ordinarily bailable, judges and magistrates appear to be tools in the hands of politicians and ‘big men’ and refuse bail even where there is no basis for not granting bail.

“This is a violation of the right to freedom of expression and an abuse of the democratic space.

“Because these public office holders should be held to a higher standard of accountability and if they deprive people of the ability to criticize and hold them to account, then democracy dies.

“If our judges become willing tools in giving them that which they desire, which is to put those people out of circulation, then there’s something wrong and the judiciary becomes a willing tool in the hands of the oppressors and thereby becomes an oppressor itself,” he said.

Traffic diversion begins as Lagos City Marathon holds February 14

Lagos State Government has announced a comprehensive traffic diversion plan ahead of the 2026 Lagos City Marathon scheduled to take place on Saturday, February 14, 2026.

The plan, released by the Lagos State Ministry of Transportation, is aimed at ensuring smooth traffic management and public safety during the event, which will feature both 42-kilometre and 10-kilometre races taking place simultaneously across designated routes in the state.

According to the ministry, the 42-kilometre marathon will commence at Ahmadu Bello Way, by the MRS Gas Station, and run through the entire stretch of the Coastal Road, which will serve as the finishing point of the race.

The 10-kilometre race, on the other hand, will begin at Durosimi Etti Street in Lekki Phase 1. From there, runners will proceed through Ozumba Mbadiwe, Bishop Oluwole Street, Akin Adesola Street and Sanusi Fafunwa Street, which marks the endpoint of the shorter race.

In line with the traffic management arrangement, the state government disclosed that all adjoining roads, junctions and intersections connected to both race routes will be temporarily blocked from 12:00 a.m. to 12:30 p.m. on Saturday, February 14, 2026. The roads, however, will be opened intermittently to motorists as the race progresses.

The ministry further stated that all affected roads will be manned by operatives of the Lagos State Traffic Management Authority (LASTMA), alongside other security agencies, to restrict access to the main race corridors and ensure orderliness throughout the duration of the marathon.

Reacting to the development, the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, reassured residents that adequate measures had been put in place to ease movement during the event.

“Traffic Management Officials will be strategically positioned to help motorists navigate their journeys,” Osiyemi said, while urging Lagosians to plan their trips ahead of time.

He also advised members of the public to make use of alternative routes and, where possible, adopt other modes of transportation to reduce inconvenience during the partial road closures.

In an advisory issued by the ministry, motorists were implored to remain patient, noting that the temporary restrictions form part of the traffic management plans for the 11th edition of the Access Bank Lagos City Marathon Race 2026.

The state government appealed for the understanding and cooperation of road users, stressing that the measures are necessary for the successful hosting of the marathon and the safety of participants and the general public.

Tension mounts over NHIA office relocation in Edo

UntitledA socio-cultural organization, Edo First, has accused Obaro Ologbo, the South South Zonal Director of the National Health Insurance Authority’s (NHIA) of influencing the relocation of the NHIA office from Benin to Port Harcourt, River State.

However, Ologbo described the allegation as a “big, fat lie”, stating that the decision to relocate the office is the decision of the Abuja office.

In a February 4 internal memo signed by Director, Human Resources, Halima Zakari, named new seven zonal offices that have been created to run the affairs of the NHIA.

The memo stated in part, “This is to inform all that the NHIA Governing Council at its first retreat in August, 2025 approved the creation of two news departments – Strategic Purchasing Department Risk and Regulatory Services Department

“These Departments have been forwarded to the Office of the Head of the Civil Service of the Federation for ratification. However, the Departments have commenced operational activities.

“Furthermore, the organizational structure of the Authority now has seven Zonal Offices as follows. They are North Central Zonal Office (Ilorin);  North East Zonal Office (Maiduguri); North West Zonal Office (Kano}; South East Zonal Office (Enugu); South-South Zonal Office (Port Harcourt); South West Zonal Office (Ibadan) and Lagos Zonal Office (Lagos).

“All staff are requested to take note.”

The group said the decision to relocate its zonal office from Benin City to Port Harcourt, is a deliberate affront on Edo State.

A statement on Tuesday signed by the group President, Edosa Idahosa and Secretary, Ehiadolor Osakue, accused the zonal director of orchestrating the move for selfish reasons, citing proximity to his adopted home base of Bayelsa.

The statement read in part, “The relocation of the NHIA from Benin to Port Harcourt can be traced to the zonal director.

“The Edo State Government in its magnanimity provided rent-free accommodation for about 20 years and a Certificate of Occupancy for a permanent site, but the zonal director, from Delta State, refused to work in Benin. The zonal office is currently suffering from neglect

“We, therefore call on the Oba of Benin, Omo N’Oba N’Edo Uku Akpolokpolo, Oba Ewuare II, and influential Edo State personalities to look into the matter and prevent the relocation.

But Ologbo told the PUNCH in a telephone interview that he was not instrumental to the relocation of the zonal office, noting there are channels of decision in the organization.

He said, “Why would I do that? There is a board, there is a top management. There are a lot of channels before decisions are taken. If there is a group saying things, they may not know how the decisions are being made.

“I am happy you are reaching out to me. I am denying the claim. It is not true. It is absolutely a big, fat lie. I can’t be instrumental to government’s decisions. It’s not me. Why should that be?”

The National Health Insurance Agency is a government body, established to provide financial access to healthcare for all citizens, aiming for universal coverage by pooling funds, regulating schemes, and managing enrolment for formal and informal sectors, replacing older, less effective systems like Nigeria’s previous National Health Insurance Scheme (NHIS).

It manages contributions, offer benefit packages (for employees, families, elderly, self-employed), and partner with providers to ensure affordable, quality care for everyone.

Naira set to strengthen with new BDC dollar limit

Naira and DollarFinancial market analysts have said that the naira would strengthen as the Central Bank of Nigeria announced that licensed Bureau de Change operators can purchase up to $150,000 weekly.

The experts spoke to The PUNCH in separate chats on Wednesday following the move of the CBN.

In a circular signed by the Director of the Trade and Exchange Department, Dr Musa Nakorji, and addressed to authorised dealer banks and the general public on Tuesday, the apex bank said that the move was aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users.

The Chief Executive Officer of Arthur Stevens Asset Management, Tunde Amolegbe, said the naira is likely to strengthen further against the United States dollar as forex availability improves.

“Expect further strengthening of the naira against the US dollar, which will be positive for companies with significant foreign currency-denominated inputs such as consumer goods and industrial companies,” Amolegbe said.

According to him, a firmer domestic currency would reduce the cost burden on manufacturers and import-dependent firms, particularly in the consumer goods and industrial sectors where raw materials and machinery are largely dollar-denominated.

Similarly, the Head of Financial Institutions at Agusto & Co., Ayotunde Olubunmi, described the development as part of broader CBN efforts to address distortions in the foreign exchange market, especially the widening gap between the official and parallel market rates.

“This is one of the measures by the CBN to address the widening gap between the official market and the parallel market. This is expected to improve liquidity of the BDC segment and moderate the margin,” Olubunmi said.

He explained that increasing liquidity in the Bureau de Change segment should reduce speculative pressure and arbitrage opportunities, thereby narrowing spreads and promoting a more unified exchange rate framework.

The Chief Executive Officer of CFG Advisory, Tilewa Adebajo, also emphasised the importance of widening forex distribution channels.

“Availability of forex through more channels is helping with rate stabilisation,” Adebajo said.

The apex bank also imposed strict reporting and transparency requirements, directing that “all licensed BDCs shall ensure the timely and accurate submission of returns to the Central Bank electronically and in accordance with extant regulations.”

Also, BDCs are mandated to sell back all unutilised balances to the market within 24 hours, stating that “BDCs are not permitted to keep funds purchased from NFEM in their positions.

“Settlement of foreign exchange transactions by BDCs with Authorised Dealers and/or with end-user customers shall be conducted exclusively through settlement accounts held with licensed financial institutions. Third-party transactions are prohibited, and settlement of foreign exchange sales in cash is limited to a maximum of 25 per cent of each transaction amount.”

UBA revamps agency, merchant banking services

United Bank for Africa PlcThe United Bank for Africa Plc has introduced a new Aggregator Sales Structure for its RedPay POS and Agency Banking Network, aiming to strengthen its relationships with partners and promote greater financial inclusion throughout Nigeria.

The newly launched multi-benefit structure was unveiled at the inaugural UBA Aggregator Engagement Session, held at the bank’s head office in Lagos on Tuesday. The session, themed ‘POS-itive Impact: Connecting Agents, Merchants, and Customers’, served as a collaborative platform to align strategies for scaling the UBAMONI Agency Banking ecosystem and bringing together key industry aggregators, Point-of-Sale partners, and network managers.

UBA’s Executive Director Designate, Digital Banking, Emmanuel Lamptey, who spoke at the event, said, “Today’s session marks a pivotal step in our collective journey to democratise financial access in Nigeria.

By bringing together our valued aggregators and partners, we are strengthening the ecosystem that connects UBA directly to communities and ensuring that reliable financial services are within everyone’s reach.”

Emphasising the need for partnerships, UBA’s Head of Digital Banking, Shamsideen Fashola, who presented the keynote address, outlined the strategic imperative behind the new structure.

“Our aggregators are fundamental to realising our ambition of building Africa’s most impactful digital collections network. This structured framework is designed to be scalable, transparent, and mutually rewarding, empowering our partners with the technology and support needed to drive agent productivity as well as serve underserved communities effectively,” Fashola noted.

The lender said that the platform delivers comprehensive value to agents and aggregators alike, featuring instant settlement, reliable transaction processing, real-time dashboard reporting, and a full suite of services, including dispute and terminal management, analytics, card withdrawals, bill payments, and pay-with-transfer.

For aggregators specifically, the model provides a structured opportunity to onboard and manage agents within UBA’s network and access attractive incentives and commissions, as well as leverage a dedicated Aggregator Admin Portal for real-time visibility into agent performance and transactions.

Adetunji Iyiola, UBA’s Head of Agency Banking, highlighted the customer-focused nature of the initiative, saying the new structure significantly enhances collaboration between UBA, its merchants, and agents.

“This rollout is about creating superior value for every stakeholder and enabling better service delivery to customers while ensuring our partners have the tools and incentives to thrive. It reinforces our promise to deliver essential banking services exactly where they are needed most,” he said.

With the introduction of the aggregator framework, UBA further cements its leadership in pioneering innovative digital financial solutions that bridge the inclusion gap and drive economic empowerment across the African continent.

NDIC steps up debt recovery from failed banks

NDICThe Nigeria Deposit Insurance Corporation has vowed to fully use its enhanced enforcement powers granted by the NDIC Act 2023 to recover outstanding loans from debtors of failed banks.

This was disclosed by the Managing Director and Chief Executive of the NDIC, Mr Thompson Oludare, at a sensitisation seminar for Debt Recovery Agents in Lagos under the theme ‘Operationalising the Provisions of NDIC Act 2023 for Effective Debt Recovery’.

The NDIC Act 2023 empowers the corporation to take interim custody of any movable or immovable property of an obligor identified as the bona fide owner of the said property. The same act empowers the NDIC to freeze the funds of an obligor of a failed insured institution with any insured institution.

Oludare, who was represented by the Director of the Legal Department, Olufemi Kushimo, warned that the culture of loan defaults and protracted litigation used by debtors to stall payments would no longer be tolerated.

“We intend to utilise every section, provision, and enforcement mechanism available under the law. Those responsible for bank failures must be held accountable. We are prepared to apply every relevant provision of the Act to bring culpable parties to justice,” he said.

The new tools are designed to bypass the traditional hurdles of repeated court adjournments and “entrenched cultures of default” that have historically slowed down the liquidation of failed banks and mobile money operators.

The core objective of this aggressive recovery push is the prompt payment of liquidation dividends to depositors.

According to the Corporation, successful debt recovery is the only way to restore public confidence in the banking system

The Director of the Asset Management Department, Patricia Okosun, noted that while legal realities make it difficult to set a fixed timeline for all payments, the corporation is now better equipped than ever before.

“The essence of this engagement is to sensitise our agents to the new provisions that will support and improve their work,” Okosun said. “The earlier the recovery, the better, as it enables quicker reimbursement of depositors.”

Beyond just collecting money, the NDIC signalled that the 2023 Act serves as a deterrent. By pursuing “parties at fault”, the corporation aims to sanitise the banking industry and ensure that the consequences of bank failures are felt by those who caused them, rather than just the depositors.

 

Elumelu urges public-private synergy to boost African agribusiness

Tony ElumeluThe Chairman of Heirs Holdings, Tony Elumelu, has urged African governments to partner with the private sector to transform rural economies.

He made the call at the 49th IFAD Governing Council in Rome, according to a statement made available to The on Wednesday.

Elumelu identified electricity access, blended finance, and business education as the three pillars necessary to make agriculture a viable career for Africa’s youth.

Elumelu, who joined IFAD President Alvaro Lario on a panel at an event attended by 500 global leaders, including ministers, UN officials, and development experts, said: “We believe that increased collaboration and cooperation between government and the private sector, especially in Africa, are vital to catalyse more transformation in rural economies and agriculture, increasing food production. Food security is fundamental to societal development. We must work together to make rural economies more attractive. We need to make agriculture appealing and exciting. The youth seem eager to embrace it, but they require more support from all of us.”

Highlighting the success of the Tony Elumelu Foundation, he noted that 21 per cent of its 24,000 empowered entrepreneurs are in agribusiness, a sector where women lead 55 per cent of the ventures.

“Empowering women is akin to empowering entire communities and nations, leading to success,” he said. “These ventures have generated approximately 480,000 jobs across the continent.”

Elumelu emphasised that while seed capital is vital, “energy poverty” remains a massive barrier to the digital innovation required for modern food security, saying, “Access to electricity is essential for economic development and transformation. We cannot discuss AI without improving electricity supplies. Poor electricity access and energy poverty limit how much these young people can embrace technology.”

He urged governments to dismantle stifling regulations and high collateral requirements that currently hinder SME growth.

“In some countries, regulated environments…can be quite stifling. We need to engage governments…what benefits small-scale enterprises benefits the entire economy: jobs are created by SMEs, and we must ensure youth engagement,” he affirmed.

FG Has Not Stopped Enforcement On Sachet Alcohol, Says NAFDAC

The National Agency for Food and Drug Administration and Control (NAFDAC) has refuted a news publication alleging that the Federal Government has directed the Agency to suspend enforcement actions relating to the regulation of sachet alcohol and 200ml PET bottle alcoholic products.
As was contained in a press statement signed by Prof. Mojisola Adeyeye, NAFDAC  DG , ” the said publication is false, misleading, and does not reflect any official communication received by the Agency from the Federal Government.”
NAFDAC operates strictly within the ambit of its statutory mandate and in alignment with duly communicated Federal Government policies and directives. At no time has the Agency received any formal directive ordering the suspension of its regulatory or enforcement activities in respect of sachet alcohol products.
The Agency remains committed to safeguarding public health, ensuring regulatory compliance, and carrying out its responsibilities transparently and in accordance with established laws and due process.
Any decision affecting national regulatory actions will be communicated through official government channels.
NAFDAC therefore urges members of the public, industry stakeholders, and the media to disregard the false report and to rely only on verified information issued through the Agencys official platforms and authorised government communication channels.
The Agency also cautions against the dissemination of unverified information capable of causing unnecessary public anxiety, economic uncertainty, or misinterpretation of government policy.
NAFDAC remains steadfast in its commitment to public health, economic stability, and national interest.
Abure led hoodlums to vandalize our National HQ – LP faction alleges

The Nenadi Usman–led Caretaker Committee of the Labour Party, LP, has alleged that the Julius Abure faction vandalized the party’s headquarters on Tuesday night.

Recall that Nenadi-led faction backed by the Abia State Governor, Alex Otti, on Tuesday took over the party’s Secretariat in Abuja.

The move followed a Federal High Court ruling that recognised Nenadi as the Interim National Chairman of the party.

However, the Abure-led faction on Tuesday night allagedly stormed the facility and allegedly pulled down Nenadi’s billboard.

Nenadi group raised the alarm in a post on its official X account on Wednesday morning, describing the alleged invasion as a sad development.

The post reads, “Former and expelled Julius Abure led hoodlums to vandalize our National HQ and pulled down our billboard. Very sad”.

ADC clarifies position on Electoral Amendment Bill passed by Senate

The African Democratic Congress (ADC) has issued a clarification on its earlier reaction to the Electoral Amendment Bill passed by the 10th Senate.

In a follow-up statement, signed by the National Publicity Secretary of the party, Mallam Bolaji Abdullahi on Tuesday, the party explained that its initial response was based on early media reports suggesting that the Senate had passed a version of the bill that guarantees real-time transmission of election results.

According to the ADC, real-time electronic transmission of results is a long-standing safeguard needed to protect votes and preserve electoral integrity.

However, the party said more detailed reports later revealed that the bill, as passed, contains a controversial provision that introduces discretionary clauses.

The ADC noted that these clauses are capable of weakening the guarantee of real-time electronic transmission and could open the door to the manipulation of election results.

“In light of these facts now on record, the ADC wishes to clarify its position,” the party said.

The ADC stated that any provision in the electoral law that creates ambiguity, discretion, or technical loopholes around the transmission and collation of results undermines the integrity of elections.

“The credibility of elections rests not on assurances but on clear, unambiguous legal guarantees that protect the will of the people,” the statement said.

The party maintained that only an Electoral Amendment Act that clearly mandates real-time electronic transmission of results, can build public confidence and strengthen democracy.

The ADC urged the National Assembly to address and remove any provision that weakens this safeguard and align the final version of the bill with the recommendations of the Conference Committee on e-transmission of results.

“The ADC remains committed to standing with Nigerians in defense of transparent, credible, and verifiable elections,” the statement added.