INEC’s AI voter register: ‘It’s not Tinubu’s fault, he shouldn’t be called’ – Sam Amadi

INEC's AI voter register: 'It's not Tinubu's fault, he shouldn't be called' - Sam AmadiThe Director of the Abuja School of Social and Political Thought, Dr Sam Amadi has said President Bola Tinubu should not be blamed for the controversy surrounding the voter register recently released by the Independent National Electoral Commission, INEC.

Amadi maintained that the responsibility for addressing the alleged irregularities in the voters register rests with INEC, insisting that the President should be treated like every other political competitor.

Speaking during an interview on Arise News, he argued that the President has no direct responsibility for managing the electoral process and should not be expected to intervene in the commission’s affairs.

He said, “This is where the parties should come in. Look, the voter register is the most important document framework mechanism for credible election. It’s what the BVAS works on.

“So I think the first thing is the INEC chairman himself coming out to say, you know what, we are going to do an independent audit.

“This one is not from Mr President. The president is a competitor, so don’t ask the president to come and do anything.

“It’s not the president’s fault. The president is judged like every competitor. If the regulator has screwed up, the regulator should clear the mess.”

According to him, INEC is the institution responsible for overseeing every aspect of elections in Nigeria, including the activities of its permanent and ad hoc staff.

Amadi expressed concern that the controversy could undermine the growing interest among Nigerians, particularly young people, in participating in elections. He noted that there had been an encouraging increase in citizens’ willingness to vote and a reduction in voter apathy.

He, however, warned that the latest development could weaken public confidence in the electoral process, stressing that INEC must avoid anything capable of creating distrust ahead of the next general election.

The political analyst recalled that INEC’s current leadership started its tenure under difficult circumstances, particularly regarding public confidence in the commission, and said rebuilding its credibility should be a major priority.

He urged the commission to accept responsibility for the controversy, apologise to Nigerians and establish a clear timeline explaining how it intends to clean up and verify the voters register.

Amadi raised concerns over allegations of suspicious increases in the number of registered voters in some polling units, including claims that figures had risen from about 400 to 1,500.

He also noted that questions had been raised about the credibility of the overall figure of 103 million registered voters.

The director called on INEC to consider an independent audit of its systems and processes, urging political parties to demand a transparent and non-partisan professional assessment.

He suggested that professional bodies, including the Nigerian Society of Engineers and the Association of National Accountants of Nigeria, could contribute to the exercise.

Peter Obi’s visit: Enugu NDC dead on arrival, thriving on alarmism – APC

Peter Obi’s visit: Enugu NDC dead on arrival, thriving on alarmism – APCThe Enugu State chapter of the All Progressives Congress, APC, has reacted to the controversy that trailed the visit of the presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, to the state last week.

 less than 24 hours before Obi’s visit for a town hall meeting, the NDC camp alleged that the state government had instructed the owners of the venue booked for the event to deny them access.

However, the event was eventually held, with the venue owners categorically stating that the NDC had not booked the facility but had instead used a medical organisation as a front.

In a statement on Sunday, Steve Oruruo, Spokesperson and Director of Public Communications of the Enugu APC Campaign Council, accused the NDC of contriving layers of spurious allegations.

According to Oruruo, “Silence could have been golden, save for the brazen frivolity that characterised the chronicled and dramatised falsehood intentionally deployed to embarrass and impugn the image of the entire state, and invariably validate their next lie in the sequence of street-level mendacities, while an unsuspecting section of the populace may remain confused.”

He called on the people of the state to rise above what he described as barefaced antics, gimmicks and shenanigans from the pit of hell.

He said the explanation by the event centre owners had exposed the NDC’s alleged lying machinery, stressing that “one Dr Sabastine Chuks Eze, a disguised client who paraded himself as the Registrar of the Nigeria Institute of Healthcare Givers and Medical Social Work Practitioners, in which he assented to the right of the aforesaid management to halt any activity, meeting, or event not conducted strictly in accordance with the stipulated rules of engagement, eventually metamorphosed into an NDC contract to host a town hall meeting at the behest of former Governor Peter Obi.”

Oruruo stated that, in a fruitless bid to deceive what he described as a highly elitist and intellectually persuaded Enugu electorate, Mrs Ada Ogbu and her dramatis personae threw caution to the wind in what perhaps turned out to be an attempt to muddy the waters through unforced errors.

“Where is the ecclesiastical rectitude, untainted probity, and self-acclaimed morality that former Governor Peter Obi preaches? Have they not been cascaded to Enugu NDC members?” Oruruo queried.

He further stated that “Enugu NDC has failed on arrival. It is almost non-existent in Enugu and perhaps gains its only infinitesimal traction whenever the state government or the name of our erudite Governor is mentioned in its tales of woes.

“Mischievously linking uncharitable words or deeds, without verifiable facts, to a revered state that the NDC purportedly intends to govern is antithetical to the minimum acceptable trust values and the widely acknowledged enviable security profile of Enugu State.”

While urging Mrs Ada Ogbu to apologise to the people of Enugu State, the APC said she would realise the extent to which she had offended the sensibilities and temperament of residents.

Oruruo said the 2027 elections should be about issues, ideas and the definitive capacity to deliver, stressing that the state remained peaceful and accommodating.

Bauchi Zaki Council Chairman dies in fatal road crash

948848The Executive Chairman of Zaki Local Government Area of Bauchi State, Mallam Mas’ud Umar, has died in a road accident along the Bauchi-Maiduguri Federal Highway.

Umar reportedly died in the accident at about 7:30 pm on Sunday around Konkiyal axis in Darazo Local Government Area while returning to Zaki after attending a stakeholders’ meeting of the Allied People’s Movement, APM.

The meeting was presided over by Bauchi State Governor and National Leader of the APM, Senator Bala Mohammed.

His death has thrown the political and administrative circles in the state, particularly Zaki Local Government Area, into mourning.

Governor Mohammed, in a condolence message, expressed shock over the incident, describing the late chairman as a dedicated public servant, committed grassroots politician and compassionate leader.

The governor, in a statement issued on Monday by his Special Adviser on Media and Publicity, Mukhtar Gidado, said Umar’s contributions to public service and community development would remain indelible in the state.

He recalled that before his election as Zaki council chairman, Umar served as Director-General of the Bauchi State Emergency Management Agency, SEMA, where he contributed to emergency response, disaster management and humanitarian interventions.

Mohammed said the deceased also demonstrated commitment to grassroots development, particularly in youth and women empowerment and improving the livelihoods of residents of Zaki Local Government Area.

Although his tenure as council chairman was relatively short, the governor said his passion for service, accessibility and commitment to the welfare of his constituents distinguished his leadership.

He described his death as a major loss to his family, Zaki Local Government Area and the entire state, particularly the public service and local government administration.

The governor extended his condolences to the deceased’s family, the people of Zaki, the Katagum Emirate Council, the Association of Local Governments of Nigeria, ALGON, Bauchi State chapter, and his political associates.

He also prayed to Almighty Allah to forgive the deceased’s shortcomings and grant him Aljannatul Firdaus.

The funeral prayer for the late chairman is scheduled to hold at 2pm , November 2, 2026, at the Palace of the District Head, Mur Mur, in Zaki Local Government Area.

Gov Alia constitutes primary healthcare board, approves 23 other appointments

Gov Alia constitutes primary healthcare board, approves 23 other appointmentsBenue State Governor, Rev.Fr.Hyacinth Alia has constituted a five-member Benue State Primary Health Care Board, BSPHCB, and approved 23 appointments to fill positions previously occupied by appointees who resigned from his administration.

The two categories of appointments reflect the Governor’s decision to strengthen the state’s primary healthcare administration and ensure continuity in the operations of government.

The appointments were disclosed in a statement on Monday by the Chief Press Secretary to the Governor, Sir Tersoo Kula.

The five-member Board has Dr Kadev Kenneth Kelvin as Executive Secretary and Dr Tolough Godfrey as Chairman.

Other members are Hon. Chiangi Anongu, representing Zone A; Mr Gabriel Ugber, representing Zone B; and Dr. Obeka Ochim Jo-Lewis, representing Zone C.

Meanwhile, the second category, which is for replacement, has the following: Hon. Jonathan Iyoo Igbondo, Special Adviser on Unions and Labour Relations, Rt. Hon. Dickson Ocheokwoi Benjamin, Special Adviser on Works, Housing and Urban Development; Engr. Iko Benjamin, Special Adviser on International Investment, Michael Nyamtsam Mtseve, Special Adviser on Special Duties and Intergovernmental Affairs and Akaavah Augustine Liam, Director General, Social Investment.

Others are Fabian Luvin, Personal Security Assistant, Protocol and Wardrobe; Attah Mark Ochoga – Personal Special Assistant on Digital Economy and Job Creation, Hon. Eric Ameh, Senior Special Assistant on Administration, Office of the Deputy Governor; Agbanyi David Sixtus, Senior Special Assistant on Rehabilitation Centre, Apir and Hon. Linda Ene Dirisu, Coordinator, Benue State Sexual Assault Referral Centre.

The governor also appointed Dr. Abutu Tolbert Tordue, Director of Research, Benue State Planning Commission; John Mimi Ihyembe, Personal Special Assistant on Local Government Area Coordination and Monitoring, Linus Madugu, Member, Benue Investment and Property Company Board, Hon. Unongo Simon, Government Liaison Officer, Guma Local Government Area and Hon. Ikyereve Benjamin Aondonenge ,Government Liaison Officer, Tarka Local Government Area.

Others include Igba Terna Dominic, Personal Assistant, Office of the Chief of Staff ; Ayongol Terhemen Abraham, Personal Assistant on Youth and Media Mobilisation, Terzungwe Yina – Special Adviser on Sanitation, Mrs. Maureen Hembadoon Iortyer, Government Liaison Officer, Makurdi Local Government Area and Jacob Tertsea Agede, Special Adviser on Agriculture.

Others are Mr. Andy Terfa Agbavanger, Secretary, Benue Independent Electoral Commission; Hon. Patience Erube, Personal Special Assistant, Protocol, Office of the Deputy Governor and Dr. Apenda Isaac Tersoo ,Executive Secretary, Benue State Scholarship Board.

The statement said all the appointments take immediate effect.

The Governor, who congratulated the new appointees, explained that “You must understand that your appointment underscores my administration’s commitment to maintaining an effective government structure and ensuring that vacant positions do not create gaps in the delivery of public services.

“Therefore, you must study the vision of the administration and work strictly in line with the direction and principles of the vision; you must always put the interest of the state first in all your official undertakings”.

Sir Kula said the appointments are expected to strengthen coordination and service delivery across the affected offices and institutions.

Accidents claims two lives in Aba, injure others

1793593273250Two persons lost their lives in road accidents that happened at two different locations in Aba, Abia State on Friday and Sunday.

The first incident happened at Osisioma Flyover junction, when a truck crashed into a shop, killing one male victim on the spot and injuring about six other persons.

The truck which, was ladden with goods, according to an eyewitness, was at high speed when it suddenly lost control and crashed into the busy area, hitting traders and pedestrians.

The injured persons were rushed to the hospital for immediate medical attention.

It was not officially established if the incident was caused by reckless driving on the part of the driver, or if the vehicle suffered a break failure.

When contacted by DAILY POST, the Sector Commander of the Federal Road Safety Corps, FRSC Abia State Sector Command, CC Ngozi Ezeoma confirmed the Osisioma road crash, saying that the victim was a male adult.

In another road accident, an unidentified man lost his life at Port Harcourt Road in Aba on Sunday morning.

The deceased, who was going to church, was hit from behind by a fast moving motorcycle, resulting in his death.

VFD Group nine-month profit jumps 96% to N13bn

VFD Group nine-month profit jumps 96% to N13bnVFD Group Plc has reported a 96 per cent year-on-year increase in profit after tax to N13.00bn for the nine months ended 30 September 2026, up from N6.63bn recorded in the corresponding period of 2025.

According to the group’s unaudited financial results approved by its Board of Directors, profit before tax rose 92 per cent to N15.34bn from N7.99bn, while gross earnings increased 35 per cent to N81.88bn from N60.72bn. The strong earnings performance reflected growth in the group’s investment activities, improved operating efficiency, and the continued expansion of its financial asset portfolio.

Earnings per share nearly doubled to 75 kobo from 38 kobo, while profit attributable to shareholders increased 97 per cent to N9.52bn, highlighting the improvement in earnings available to the group’s owners. A breakdown of the results showed that net investment income, the group’s largest revenue contributor, rose 59 per cent to N72.18bn from N45.45bn a year earlier. Net revenue increased 42 per cent to N77.52bn, while operating profit advanced 47 per cent to N58.53bn.

The group also recorded improvements in operating efficiency, with its cost-to-income ratio declining to 24.5 per cent from 26.9 per cent. Impairment charges fell 44 per cent to N1.29bn, supporting the growth in operating profit. However, finance costs increased 36 per cent to N43.33bn, reflecting the cost of funding the group’s expanding investment portfolio. Despite the higher funding costs, profit before tax nearly doubled during the period.

Total assets rose 30 per cent to N577.64bn as at 30 September 2026, from N445.81bn at the end of December 2025. Investment in financial assets more than doubled to N217.08bn, while funds under management increased 84 per cent to N142.52bn. Shareholders’ funds also grew 87 per cent to N130.02bn, reflecting a stronger capital position as the group continued to expand its investment activities.

At the parent company level, VFD Group Plc recorded a significant improvement in profitability, with profit after tax rising to N6.18bn from N300m in the corresponding period of 2025. Gross earnings increased 84 per cent to N36.52bn, while net investment income rose 123 per cent to N32.53bn. Profit before tax climbed to N7.23bn from N350m, and earnings per share increased to 49 kobo from two kobo.

The company’s shareholders’ funds rose 131 per cent to N94.30bn, while borrowings declined 14 per cent to N108.02bn. Its borrowings-to-equity ratio consequently fell to 1.1 times from 3.1 times at the beginning of the year. The results come as VFD Group continues to deploy the proceeds of its N50.67bn rights issue, raised to strengthen its capital base and support its growth strategy. During the third quarter, the group also raised N22.75bn through an A1-rated commercial paper issuance, providing additional funding for its investment activities.

In another strategic development, the Securities and Exchange Commission approved Anchoria Capital Group as a capital market holding company, supporting the group’s efforts to consolidate and expand its capital market operations.

Commenting on the results, Group Managing Director and Chief Executive Officer of VFD Group Plc, Nonso Okpala, said the near-doubling of profit after tax reflected stronger performance from the group’s core investment activities, alongside efforts to strengthen its financial position and build a more sustainable business.

“Our profit after tax has almost doubled, reflecting stronger performance from our core investment activities,” Okpala said. “Beyond the numbers, we have continued to strengthen the Group’s financial position, deploy the capital raised and build the leadership structure required to sustain our performance.”

He noted that the appointment of Mrs Ijeoma Emezie-Ezigbo as Deputy Managing Director, effective 5 October 2026, formed part of the group’s broader effort to strengthen executive leadership and succession planning.

“The appointment of Mrs Emezie-Ezigbo as our first Deputy Managing Director is an important milestone,” he added. “It reinforces our commitment to building an institution with the leadership depth, governance and capacity to deliver sustainable value over the long term.”

Emezie-Ezigbo, who becomes the first person to occupy the position since the group’s establishment, brings more than two decades of experience in corporate finance, mergers and acquisitions, transaction advisory, and business valuation across West Africa and Canada. Before her appointment, she served as Partner and Head of Transaction Services, West Africa, at KPMG Nigeria.

Looking ahead, Executive Director, Finance, VFD Group Plc, Folajimi Adeleye, stated that the group would focus on disciplined capital deployment, funding efficiency, leadership succession, and the expansion of its capital markets business through Anchoria Capital Group.

“As we enter the final quarter of the year, our priorities remain clear: deploy capital responsibly across our investment businesses, improve funding efficiency, strengthen leadership succession and continue expanding our capital markets operations through Anchoria Capital Group,” Adeleye said.

The principal investment company, which invests across financial services, capital market operations, real estate and hospitality, market infrastructure, and retail technology, maintains active investments in Nigeria, Ghana, and South Africa.

MTN Nigeria’s nine-month profit rises 55% to N1.17tn

Karl ToriolaMTN Nigeria recorded a 55.3 per cent increase in profit after tax to N1.17tn in the nine months ended September 30, 2026, supported by higher revenue, improved operating margins and increased demand for data services.

The telecommunications company disclosed this in its unaudited financial results released on Friday, showing that profit after tax rose from N750.2bn recorded in the corresponding period of 2025.

Service revenue rose by 23.7 per cent to N4.6tn, while earnings before interest, taxes, depreciation and amortisation increased by 36.8 per cent to N2.6tn.

“Profit after tax grew by 55.3 per cent to N1.17tn, while earnings per share also increased by 55.3 per cent to N55.60. Free cash flow rose by 57.5 per cent to N1.17tn,” the report stated.

The performance came as the operator expanded its customer base to 94.7 million subscribers, including 57.2 million active data users, highlighting the growing contribution of internet consumption to its business.

MTN Nigeria’s Chief Executive Officer, Karl Toriola, attributed the performance to rising demand for connectivity and the company’s continued investment in network infrastructure.

“Every day, millions of people trust MTN to help them work, learn, run their businesses and stay connected. As that demand grows, our responsibility is to keep investing so the network can meet it,” he stated.

To support this demand, Toriola said the company’s capital expenditure, excluding leases, reached N864.8bn during the nine months, representing an increase of 14.2 per cent, as it expanded network coverage and capacity.

The executive explained that an important part of the investment was the expansion of fibre-to-the-home services to accommodate growing household demand for broadband connectivity.

“As families do more online, our unlimited fibre broadband offerings give them greater freedom to work, study and enjoy entertainment.

“We now lead the fibre-to-the-home market, with FTTH carrying approximately 13 per cent of our total data traffic. This also frees up capacity on the mobile network,” Toriola added.

However, he acknowledged that fibre cuts and other infrastructure disruptions remained challenges to consistent service delivery, noting that the company would continue to invest in improving customer experience.

Beyond network expansion, the strong earnings performance also supported the company’s ability to reward shareholders while maintaining its investment programme.

MTN Nigeria’s Chief Financial Officer, Modupe Kadri, said the company paid approximately N861bn in dividends during the period, alongside its significant capital expenditure commitments.

Fidelity Bank repays $400m Eurobond after five years

Fidelity Bank repays $400m Eurobond after five yearsFidelity Bank Plc has repaid its $400m Eurobond at maturity after five years, with the repayment reportedly financed entirely from the bank’s internal liquidity resources.

The development was disclosed in a statement issued on Sunday by the Chairman and Chief Executive Officer of Air Peace, Allen Onyema, who congratulated the bank on meeting its debt obligations.

Onyema described the repayment as a demonstration of the bank’s financial strength and ability to manage its obligations without relying on external funding for the settlement.

In a congratulatory message issued on behalf of the board, management and staff of Air Peace, he commended Fidelity Bank for meeting its obligations throughout the five-year tenure of the Eurobond, particularly its decision to fund the repayment entirely from internal liquidity.

The repayment marks the settlement of the bank’s $400m international debt obligation at maturity, following a five-year borrowing period.

The statement read, “The Chairman and Chief Executive Officer of Air Peace, West and Central Africa’s largest airline, Dr Allen Onyema, has congratulated Fidelity Bank Plc on the successful repayment of its $400m Eurobond at maturity, describing the achievement as a remarkable demonstration of financial strength, institutional discipline and visionary leadership.

“In a congratulatory message issued on behalf of the Board, Management and Staff of Air Peace Limited, Onyema commended the Bank for meeting its obligations throughout the five-year tenure of the Eurobond, particularly its decision to fund the repayment entirely from internal liquidity.”

Eurobonds are debt instruments issued in international capital markets, allowing institutions to raise foreign-currency funding from investors outside their domestic markets.

For Nigerian banks, such instruments provide access to international financing but also create foreign-currency repayment obligations that must be managed alongside domestic liquidity requirements.

Onyema attributed the development to the leadership of Fidelity Bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe, whom he credited with strengthening the institution’s financial position.

He also congratulated the bank on completing its recapitalisation ahead of the deadline stipulated by the Central Bank of Nigeria.

According to him, the two developments reflected the importance of corporate governance, financial planning and disciplined management in sustaining confidence in the banking sector.

The Air Peace chairman further highlighted the relationship between financially stable banks and the growth of capital-intensive industries, particularly aviation.

He explained that airline operations require substantial investment in aircraft acquisition, fleet expansion, maintenance and other operational infrastructure, making access to reliable financing essential.

Onyema maintained that strong financial institutions were necessary to support indigenous businesses seeking to expand their operations and compete effectively.

He also emphasised the importance of partnerships between banks and domestic enterprises in strengthening Nigeria’s economic competitiveness and supporting long-term investment.

The Air Peace chairman expressed confidence in Fidelity Bank’s capacity to sustain its financial performance and achieve further milestones under its current leadership.

He congratulated Onyeali-Ikpe, the bank’s board, management and employees, while reaffirming Air Peace’s goodwill towards the institution.

LASACO ownership structure shifts after N18.5bn rights issue

LASACO ownership structure shifts after N18.5bn rights issueLASACO Assurance Plc has undergone a significant change in its ownership structure after an N18.47bn rights issue, which strengthened the financial position of the insurer.

Currently, two shareholders have increased their combined stake to 87.21 per cent.

The capital-raising exercise has given Ibile Holdings Limited, an investment company owned by the Lagos State Government, majority ownership of the insurer, while Canon Properties and Investments Limited has also expanded its shareholding.

Details contained in LASACO’s nine-month financial statements showed that Ibile Holdings increased its stake from 45.93 per cent at the end of December 2025 to 51 per cent as of 30 September, 2026.

Canon Properties also raised its ownership from 24.66 per cent to 36.21 per cent during the period.

Consequently, the two investors now control 17.72 billion shares, representing 87.21 per cent of LASACO’s expanded share capital, compared with 70.58 per cent at the end of 2025, when their combined holdings stood at 7.82 billion shares.

The shift has reduced the proportion of shares held by other investors to 12.78 per cent from 21.52 per cent, although the absolute number of shares available to public investors increased from 2.39 billion to 2.60 billion.

The change in ownership followed LASACO’s rights issue, which added 9.24 billion shares to its issued capital, taking the total to 20.32 billion shares as of September 2026.

Under the offer, existing shareholders were entitled to purchase five new shares for every six shares held at N2 per share. The acceptance period ran from 2 April to 24 April, 2026.

The insurer reported approximately N18.10bn in proceeds from the exercise. Its issued share capital consequently increased from N5.54bn to N10.16bn, while share premium rose from N9.89bn to N23.37bn.

The increased concentration of ownership also puts LASACO’s free-float position in focus as the company works towards meeting the Nigerian Exchange’s requirements for companies listed on its Main Board.

Free float refers to the proportion of a listed company’s shares available for trading by public investors, excluding strategic holdings and shares held by major shareholders.

The financial statements also showed that De-Lexus Investment Limited, which held 875 million shares, representing 7.89 per cent of LASACO, at the end of 2025, was no longer listed among the substantial shareholders in the September 2026 disclosure.

Beyond the ownership changes, the capital injection coincided with an improvement in LASACO’s financial performance.

The insurer returned to profitability in the first nine months of 2026, recording a profit before tax of N1.60bn compared with a loss of N4.72bn in the corresponding period of 2025.

Profit after tax also recovered to approximately N1.25bn from a loss of N4.81bn a year earlier.

Insurance revenue grew by 3.7 per cent to N23.81bn from N22.96bn, indicating that the earnings recovery was driven largely by lower insurance-related costs rather than significant revenue expansion.

Lagos 2027: ‘Hamzat has what it takes to succeed Sanwo-Olu’ – Obasa

Lagos 2027: 'Hamzat has what it takes to succeed Sanwo-Olu' - ObasaThe Speaker of the Lagos State House of Assembly, Mudashir Obasa, has declared that the gubernatorial candidate of All Progressives Congress, APC, in the state, Dr Obafemi Hamzat has what it takes to succeed the current Governor, Babajide Sanwo-Olu.

Obasa made this declaration while addressing journalists at Hamzat’s formal manifesto presentation.

The event was held at Wole Soyinka Centre for Culture and Creative Arts, formerly known as the National Arts Theatre, Iganmu, Lagos.

 Hamzat is the current deputy governor of the state.

He eyed the position in 2019 before he was persuaded to deputise the current governor, Babajide Sanwo-Olu.

Obasa while speaking at the event on Friday, expressed confidence in Hamzat’s ability to deliver on his campaign promises.

He explained that Hamzat’s educational background and wealth of experience in private and public offices are enough for him to deliver.

Obasa while speaking said, “He has the competence, character, and most importantly, the determination to rewrite the Lagos State socio-economic narrative”.