FRSC seeks traditional rulers’ support to curb road crashes in Osun

FRSC seeks traditional rulers’ support to curb road crashes in OsunThe Federal Road Safety Corps, FRSC, Osun Sector Command, has called for stronger collaboration with traditional rulers and community leaders to tackle road traffic crashes and improve safety across the state.

The Sector Commander, Mr Sunday Adebayo, made the call on Monday when he visited the Olufi of Gbonganland, Oba Adetoyese Oyeniyi, in Gbongan.

Adebayo, who was accompanied by the Gbongan Unit Commander, Dr Jude Odinfono, said traditional institutions could play a crucial role in shaping public behaviour and encouraging compliance with road safety regulations.

He disclosed that 220 road traffic crashes involving 300 vehicles were recorded across Osun in the previous year, resulting in 60 deaths and leaving several other people injured.

According to him, dangerous driving, excessive speed, driving under the influence of alcohol or drugs, distracted driving, route violations and overloading were among the major factors responsible for the crashes.

“We are appealing to traditional chiefs and members of the Olufi-in-Council to use their influence to discourage dangerous driving practices and promote a culture of safety among road users.

“We are equally advising passengers to speak up when drivers conveying them drive recklessly, speed excessively or are suspected to be under the influence of alcohol or drugs.

“Passengers should insist that such drivers discontinue the journey and promptly report the matter to the nearest FRSC patrol team or the police for appropriate intervention,” Adebayo said.

The sector commander also reiterated the FRSC’s warning that “speeding thrills but kills faster,” urging motorists to place safety above speed and convenience.

He stressed that reducing road crashes required the collective efforts of government agencies, traditional institutions, communities, motorists and other road users.

Adebayo said community-based interventions and shared responsibility remained essential to preventing avoidable crashes and protecting lives on the roads.

Responding, Oba Oyeniyi acknowledged the importance of the FRSC’s mandate and pledged the support of the traditional institution towards improving road safety and protecting lives in Gbonganland and neighbouring communities.

The monarch, who was represented by the Balogun of Gbonganland, Chief Quasim Onikepe, said the visit would also help deepen cooperation between the FRSC and the traditional institution.

It would be recalled that the sector command also inaugurated a mini library for officers at the Gbongan Unit Command.

The library was established through the initiative of the Gbongan Unit Commander, Dr Jude Odinfono.

Counterfeit crisis: NAFDAC blames Chinese dealers amid backlash

Counterfeit crisis: NAFDAC blames Chinese dealers amid backlashThe National Agency for Food and Drug Administration and Control has linked Chinese counterfeiters now living in Nigeria to the proliferation of fake goods, worsening the production, distribution and sale of adulterated, harmful and unwholesome products.

NAFDAC Director of Investigation and Enforcement, Martins Iluyomade, responding to The PUNCH in Lagos on Monday, said recent investigations found Chinese counterfeiters, previously operating externally, have set up plants and logistics channels inside the country.

He said, “Before, to fake a product, you needed to go to China to bring it. Now, you don’t need to go. They are here (in Nigeria) with us. They are the ones who will identify the product that will be moving, send it to their country (China), and then come here and distribute it to our people (Nigerians) without having to travel.

Iluyomade, describing it as a “new trend making it (fake goods situation) look this serious,” noted that NAFDAC discovered the “Chinese people (counterfeiters) own the logistics companies which they used to bring these (fake goods) things.” NAFDAC said it has been shutting down the logistics compa

The agency’s revelations come amid growing backlash. Manufacturers, medical experts and economists have jointly raised the alarm over the surge in counterfeit and substandard products across Nigeria, warning that the trend is wiping out legitimate businesses, killing consumers and stunting the economy.

The economic impact of fake goods is underscored by the value destroyed in NAFDAC’s destruction exercises.

According to the Director-General of NAFDAC, Prof Mojisola Adeyeye, the agency destroyed regulated products worth over N1.5tn in a single coordinated operation across Lagos and the South-East between February and March 2025, as part of a wider crackdown that has seen it destroy or seize more than N1.54tn worth of fake and substandard goods nationwide since 2023.

Online discourse surrounding the rise of fake items reached a fever pitch over the weekend. Nigerians, including influencers like Scott Iguma and Aproko Doctor, raised the alarm over the rise of these counterfeited materials. Social media posts have gone viral about fake toothpastes, creams, contaminated bottled water and adulterated yoghurt drinks.

NAFDAC affirmed that it received complaints through its official channels about counterfeit toothpaste, especially Oral B and Colgate.

Enforcement chief Iluyomade said, “We have an intelligence report on (fake toothpastes) and have been working on it: we’ve made a lot of arrests and seizures, both in Kano and Sokoto states, Delta State and Onitsha (in Anambra State).”

He announced that NAFDAC is prosecuting two people in court for importing fake toothpaste brands.

NAFDAC DG Adeyeye maintained that the agency has decimated counterfeited, falsified, substandard and unregistered products, calling to mind its recent enforcement campaign in the Upper Iweka drug market in Onitsha.

Concluding, Director of Enforcement, Iluyomade, said the agency has progressed in prosecuting offenders, noting that between “June 2025 and June 2026, NAFDAC hit a record of 64 convictions. The highest in its history.”

He hailed the accomplishment, stating, “We go through the process. In December, a judge handed five years of imprisonment to one lab that counterfeited drinks, convicting them on all eight grounds.”

SUNU lists new shares as enlarged capital hits N25.95bn

SUNU Assurances Nigeria logoSUNU Assurances Nigeria Plc has increased its issued share capital to 7.89bn shares following the listing of 2.08bn new ordinary shares on the Nigerian Exchange, giving investors a larger equity base to trade.

The additional 2,075,285,714 shares, valued at N9.34bn, were listed on August 31, 2026, following the insurer’s Rights Issue priced at N4.50 per share. The offer was made to existing shareholders on the basis of five new shares for every 14 held.

With the new shares admitted to trading, SUNU’s issued shares rose from 5.81bn to 7.89bn . At the stock’s closing price of N3.29 on 4 September, the enlarged share capital had a market value of about N25.95bn.

SUNU shares gained 1.86 per cent on 4 September, closing at N3.29 from N3.23. However, the stock remained under pressure compared with its N5.50 opening price for 2026, representing a year-to-date decline of 40.18 per cent.

The enlarged share base comes after SUNU completed a N9.33 billion Rights Issue designed to strengthen its capital position and meet the higher minimum capital requirement introduced under the Nigerian Insurance Industry Reform Act 2025.

For shareholders, the key question now is whether the additional equity can translate into stronger earnings, improved returns and a recovery in the company’s share price.

SUNU’s management has outlined a technology-driven expansion strategy following the recapitalisation, with artificial intelligence, digital transformation, product innovation and operational efficiency expected to play larger roles in the company’s growth plans.

The insurer also plans to expand its presence in the retail and SME segments while strengthening its corporate, broker and partnership channels.

The strategy comes as SUNU seeks to convert its stronger capital position into higher business volumes and improved profitability.

NNPC disowns fuel truck conveying cannabis

NNPCThe Nigerian National Petroleum Company Limited has disowned a fuel truck with its old logo intercepted by the National Drug Law Enforcement Agency with 2,145kg of cannabis concealed in a compartment in Ondo State.

The company said preliminary checks showed that the truck, with registration number MKA 960 XC, was neither owned by NNPC Ltd. nor part of its official fleet or that of any of its authorised dealers.

NNPC disclosed this in a statement issued on Monday by its Chief Corporate Communications Officer, Andy Odeh. The company said it had taken note of media reports concerning the intercepted vehicle, which bore markings associated with NNPC.

It, however, stated that the logo displayed on the vehicle was not consistent with its current official branding, while the truck did not appear in its asset database.

“NNPC Ltd has taken note of media reports concerning the intercepted vehicle, which bears markings associated with the company. We wish to clarify that preliminary checks indicate that the vehicle, with registration number MKA 960 XC, is neither owned by NNPC Ltd nor part of the official fleet of the company or any of its authorised dealers,” the statement said.

According to the company, it is engaging with the Nigerian Association of Road Transport Owners to obtain further information and establish the circumstances surrounding the use of its old branding on the vehicle.

NNPC said it took any unauthorised use of its corporate identity seriously, particularly where such use might be associated with unlawful activity. The national oil company said it would cooperate fully with the NDLEA and other relevant security agencies in investigating the incident.

It added that the investigation would establish the ownership and operation of the vehicle and how NNPC markings came to be displayed on it.

“The company is also reviewing its brand-protection and asset-monitoring protocols and will take appropriate steps, including legal action where warranted, against any unauthorised use of its corporate identity,” NNPC said.

The company urged members of the public and relevant authorities to verify the ownership or affiliation of vehicles purporting to belong to NNPC through appropriate official channels.

NNPC also commended the NDLEA for its vigilance and sustained efforts in combating illicit drug trafficking in Nigeria, saying it remained supportive of the ongoing investigation.

Dangote Refinery Launches Historic IPO, Targets 10Million Subscribers

N2.2 trillion IPO: Dangote Refinery Targets 10 million Subscribers -  Nairametrics

 

Dangote Petroleum Refinery and Petrochemicals Limited has formally began the process of launching its Initial Public Offering (IPO) with the signing ceremony for the offer of 4.1 billion ordinary shares, which is expected to open the doors of ownership in Africa’s largest single-train refinery to unprecedented 10 million subscribers.

 

Industry stakeholders have described the offer as potentially the largest retail investment drive ever undertaken on the continent, positioning it as a watershed moment for both Nigeria’s capital market and Africa’s industrial landscape.

 

Beyond raising capital, the IPO is expected to broaden participation in one of the continent’s most strategic energy assets, deepen market liquidity, and create a new generation of shareholders in a business widely regarded as a catalyst for Africa’s energy security and economic transformation.

 

At the grand signing ceremony held in Lagos on Monday, President and Chief Executive of Dangote Group, Aliko Dangote, who formally unveiled the public offering alongside transaction advisers and key stakeholders involved in the pan-African share sale said the IPO seeks to raise approximately N2.2 trillion, making it one of the most ambitious capital-raising exercises ever undertaken by a private enterprise in Africa.

 

Addressing the audience at the event which comprises Bank Chief Executives, Captains of Industry as well as Financial Services advisors, Dangote disclosed that the minimum subscription has been set at 10 ordinary shares, representing an entry investment of N5,250 noting that the offer was strategically designed to enable broad-based participation by retail and institutional investors while deepening public ownership of one of Africa’s most transformative industrial assets.

 

According to him the Share offer is not just about raising money but also carry along all Nigerians with drivers, cleaners, housemaids and the likes having the opportunity to be part owner of the refinery

 

Said he: This IPO is not only about raising capital; it is about democratizing wealth creation, broadening participation in Africa’s industrial future and giving millions of investors the opportunity to own a stake in a world-class enterprise, it’s a legacy we are laying down, nobody will live forever”

 

In his remark, Group Managing Director of Vetiva Advisory Services Limited, the Lead Issuing House and coordinator of the transaction, Chuka Eseka, explained that the launch follows the recent approval granted by the Securities and Exchange Commission (SEC), paving the way for the offering of 4.1 billion ordinary shares at N525 per share.

 

The landmark public offer places a valuation of close to $50 billion on Dangote Petroleum Refinery and Petrochemicals and is expected to provide the capital required to finance the expansion of the refinery’s production capacity from 700,000 barrels per day to 1.4 million barrels per day. Situated on a sprawling 6,180-acre complex in the Lekki Free Zone, the refinery is reputed as the largest single-train refinery in the world.

 

Analysts say the eventual listing of the refinery on the Nigerian Exchange later this year could significantly reshape the country’s capital market landscape, potentially increasing the exchange’s total market capitalization by more than one-third.

 

Investor appetite for the refinery has been evident in recent months. In July, the company raised $2.5 billion through a private placement targeted at institutional investors and high-net-worth individuals, with demand exceeding the offer size by 270 per cent. Market observers believe substantial unmet demand from that exercise could flow into the public offering.

 

Interests in the share sale had been building long before the SEC granted formal approval. The refinery’s investment appeal continues to attract attention even beyond Nigeria’s borders.

 

The public offer, scheduled to open on September 14, is expected to benefit from improving investor sentiment towards Nigeria following the country’s reinstatement to Frontier Market status by FTSE Russell. The development is anticipated to enhance foreign portfolio inflows and strengthen international investor participation in the capital market.

 

Market experts believe the success of the Dangote Refinery IPO could establish a new benchmark for large-scale public offerings in Africa, while encouraging other major Nigerian enterprises to access long-term capital through public listings. into a limited liability company.

 

Managing Director of Dangote Petroleum Refinery explained since the commencement of production in January 2024, Dangote Refinery has rapidly emerged as a key player in the global energy market expressing excitement that the facility last June, surpassed the United States to become the largest external supplier of jet fuel to Europe, a position it maintained in July, further underscoring its growing influence in international petroleum trade.

Datti knew Peter Obi was a packaged fraud – Sowore alleges

Datti knew Peter Obi was a packaged fraud – Sowore alleges The 2027 presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has alleged that former Labour Party, LP, presidential running mate Datti Baba-Ahmed knew Peter Obi was “a packaged fraud” when he served as his running mate in the 2023 presidential election.

Sowore made the allegation in a post on his X handle while reacting to Datti’s claim that Obi, Atiku Abubakar and other politicians cannot improve Nigeria.

“He knew Peter Obi, whom he deputized, was a packaged fraud. That needs no repeating, he just revealed what he knew up close,” Sowore wrote.

Sowore also recalled the 2023 Peace Accord signing, saying he sat beside Datti and watched him show support for President Bola Tinubu.

“I sat next to Datti in 2023 at the Peace Accord signing and watched him fawning over Tinubu,” he stated.

According to Sowore, he posted about the incident at the time, alleging that Obi and Datti were working for Tinubu.

He said their supporters rejected his claim then but now “know better”, before urging Nigerians to vote wisely ahead of the 2027 election.

2027: APM chieftains join ADC in Oyo

2027: APM chieftains join ADC in OyoScores of chieftains and members of the ruling Allied Peoples Movement, APM, in Ogo Oluwa and Surulere local government areas of Oyo State have dumped the party.

The APM chieftains and members dumped the party for the Action Democratic Congress, ADC.

Olaleru and Ganiyu, while speaking on the rationale behind their defection to the ADC, alleged that the APM, which is the political party of the present administration in the state, is full of deceit and lies.

The duo maintained that they decided to join the ADC in order to work for the party ahead of the 2027 general elections.

Olaleru, in his remarks, said: “We have discovered that we need to move to a better party and we see the ADC and its governorship candidate, Olooye Adegoke, as a place we should move to and the person we can trust.”

Ganiyu, in his contribution, said it was their belief that the party would bring dividends of democracy to the people of their area.

He said: “We are pleased to be in his party and we prayed that his aspirations to govern the state will be crowned with victory.”

The defectors were received into the ADC by the governorship candidate of the party, Chief Adegboyega Adegoke.

Adegoke, in his remarks, assured the new members of equal opportunities like other members.

He then used the opportunity to urge them to work towards the progress of the party.

Tinubu’s alleged drug case takes new twist as US firm hints at video evidence

Tinubu’s alleged drug case takes new twist as US firm hints at video evidenceA United States-based political advisory and lobbying firm, Von Batten-Montague-York, has hinted at providing video evidence in the alleged drug trafficking case linked to Nigeria’s President Bola Tinubu.

Von Batten-Montague-York disclosed this in a post on its verified X handle on Monday.

The firm expressed the belief that the video evidence would challenge President Tinubu’s attempt to invoke privacy protections over Federal Bureau of Investigation, FBI, and Drug Enforcement Administration, DEA, records concerning his alleged drug-trafficking past.

“We are amending our Supplemental Notice of Evidentiary Exhibits to the US court to include the attached video transcript. The video is really extraordinary.

“At an All Progressives Congress, APC, political event, Mr Adewale Tinubu, President Tinubu’s reported nephew, said, ‘I did that case in Chicago. It was one of my first legal matters,’ and described personally urging Tinubu to settle.

“Yet the official court record identifies Patrick S. Coffey, Esq. as the attorney representing President Tinubu in that case. No court appearance, pleading, signature, or other filing identifies Mr Adewale Tinubu as counsel in the proceeding. Not a single record.

“Why does this matter? First, court records show that Mr Adewale Tinubu’s account is false. Second, the video shows, in real time, the falsification of established facts to deceive the Nigerian public. Facts President Tinubu now claims are private. Third, President Tinubu is asking the court to protect his alleged heroin-trafficking records from the public. Yet his own nephew publicly discussed the Chicago proceeding at a political campaign event while Tinubu was present.

“President Tinubu cannot have it both ways. US courts have long recognized that voluntary public disclosure can diminish the privacy interest that Exemption 7(C) protects. The FBI and DEA must come to the realization that President Tinubu is a liability and that his alleged drug-trafficking records are just another Epstein file.

“Whether under the current Republican administration or a future Democrat administration, those files will eventually be released to the public,” the firm tweeted.

Nigerians better off under military rule – Donald Duke

Nigerians better off under military rule – Donald DukeFormer Cross River State Governor and Peoples Redemption Party, PRP, presidential candidate, Donald Duke, has argued that Nigerians were better off under military rule than under the current democratic system.

Speaking during an interview over the weekend, Duke said that despite 27 years of civilian governance since Nigeria’s return to democracy in 1999, the lives of ordinary Nigerians have not improved significantly.

“The people were better off under the military. At least governance was not that expensive,” he said.

According to Duke, the assessment should be based on citizens’ welfare and the democracy dividends delivered over the years

“We’re still having the same problems we had 27 years ago. It’s getting worse. The number of children out of school has not improved; it’s deteriorating. The healthcare system is not improving; it’s deteriorating,” he pointed.

He questioned whether Nigeria is better off today than it was in 1999, pointing to persistent challenges such as poor infrastructure, unemployment, and inadequate electricity supply.

“The problems that existed before 1999 electrification, unemployment, those things are still there. And I don’t see a structured approach towards dealing with these issues.”

Duke also criticized Nigeria’s political system, describing the opposition as weak and self-serving, he argued that many citizens have lost faith in elections because they believe their votes do not count.

“The opposition is terribly weakened and self-centred. Democracy is also in danger. The results you get from the polls often don’t reflect the views of the people.”

He said this lack of trust has reduced accountability, allowing elected officials to ignore the needs of the people.

The former governor further claimed that Nigeria’s democratic institutions are failing in their responsibility to provide checks and balances.

As an example, he cited the swift approval of Nigeria’s return to the former national anthem, arguing that lawmakers failed to properly scrutinize the decision.

Duke also blamed the country’s elite for abandoning leadership responsibilities and allowing politics to become a permanent occupation for a select group.

“It’s a failure of the elite more than anything else. We’re elites; we’re enlightened people but we abdicated our leadership to those whom we should be leading.”

He warned that the growing gap between the rich and poor could threaten social stability, recalling a prediction that a time would come when the wealthy would struggle to sleep because of widespread poverty.

Despite his criticism, Duke expressed disappointment rather than hopelessness, stressing that Nigeria possesses the human and material resources needed for progress.

“Nigeria is exceedingly blessed. It’s sad. It’s painful that we are where we are,” concluded.

Babachir, others defend Musa as El-Rufai remarks generate controversy

Babachir, others defend Musa as El-Rufai remarks generate controversyMixed reactions have continued to trail the comments made by the Minister of Defence, Gen. Christopher Musa (retd.), against former Kaduna State Governor and African Democratic Congress (ADC) chieftain Nasir El-Rufai.

DAILY POST reported that Musa, during an appearance on Channels Television’s Politics Today, accused El-Rufai of policies and actions that allegedly deepened divisions and insecurity in Kaduna State during his administration from 2015 to 2023.

According to Musa, “El-Rufai did a lot of terrible things in Kaduna State. He divided the state into two. In that, if you are from the south, you cannot go to the north to live.”

The remarks have since generated mixed reactions among Nigerians on social media.

A teacher, Nura Bako Zango, questioned the minister’s allegations and challenged him to address what he described as historical realities surrounding violence in Kaduna State.

Zango argued that communal clashes and religious conflicts predated El-Rufai’s administration, citing the 2011 post-election violence and the 1992 Zangon Kataf crisis. He maintained that important historical questions must be answered before placing responsibility solely on the former governor.

Similarly, Abdulmatin Muhammed Jibril, writing on Facebook, challenged Musa to provide evidence supporting his allegations.

“As a general of the Nigerian Army, what efforts did you make to protect your people from him? Show us just one piece of evidence of you speaking up,” he wrote.

Another commentator, Ibrahim Idris Muazzam, described the minister’s remarks as unfortunate, insisting that El-Rufai governed Kaduna State fairly and without discrimination.

Sani Ahmed also dismissed the allegations, arguing that Kaduna’s ethnic and religious divisions existed long before El-Rufai became governor.

However, former Secretary to the Government of the Federation, SGF, Babachir Lawal, defended the Defence Minister, saying the experiences of the people of Southern Kaduna under El-Rufai’s administration could not be dismissed.

Lawal stated that while El-Rufai’s supporters were entitled to defend him, such views did not erase the grievances and experiences of many Southern Kaduna residents.

Drawing a controversial comparison, Lawal said Southern Kaduna people viewed El-Rufai in the same way Jews view Adolf Hitler, adding that the current administration under Governor Uba Sani was working to heal old wounds.

Meanwhile, Victor Mathew Bobai, Senior Special Adviser on Public Affairs to Kaduna State Governor, Uba Sani, urged Nigerians to focus on the substance of the minister’s claims rather than assumptions about his political motives.

Bobai said Musa’s comments should be seen as part of democratic discourse and not as an official military directive.

“We must distinguish between an official directive and a political opinion. General Musa did not issue a military order, announce a defence policy, or instruct the Armed Forces to support any political party. He participated in a public conversation and expressed his assessment of the political environment,” he said.