Kwara police command inaugurates violent crime response unit

Kwara State Police Command, on Friday, officially inaugurated the Violent Crime Response Unit (VCRU).

‎The event held at the police officers’ mess in Ilorin marked the grand finale of the two-day capacity-building programme organized for officers of the newly established Unit, in line with the operational mandate of the Inspector-General of Police, Olatunji Disu, to strengthen intelligence-led response to violent crimes and deepen community-oriented policing.

‎The State Police Commissioner, Ojo Adekimi, formally constituted members of the Civilian Oversight Board and officially inaugurated the VCRU operational team, with its base at A Division, Ilorin.

‎In his speech, the Commissioner stated that the unit is mandated to tackle armed robbery, kidnapping, and other violent crimes through intelligence-driven operations, while ensuring protection of lives and property, strict compliance with the law and human rights standards, community trust, and public accountability in all its operations.

‎The programme featured security awareness lectures including “Public Safety and Security of the State” delivered by AIG Ishola Babatunde Baba-Ita (Rtd) and “Trust, Cooperation and Active Participation of Stakeholders in Securing Our Communities” delivered by SP Barrister A.M. Iwalaiye (Rtd).

‎Goodwill messages were delivered by key stakeholders, including the Senior Special Adviser to the Kwara State Governor on Security, Alhaji Aliyu Muyideen, traditional rulers, youth representatives, market leaders, transport union representatives, and special vigilante groups.

‎The interactive session also provided an avenue for questions, complaints, and suggestions geared towards strengthening police-community partnership and enhancing public safety across the state.

‎The state police command urged all residents to continue supporting security agencies through timely and credible information sharing, according to a statement by the spokesperson, SP Adetoun Ejire-Adeyemi.

S&P upgrades Nigeria’s credit rating to ‘B’, cites economic reforms

SP-Global-RatingsS&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the country’s macroeconomic profile, external position, and ongoing economic reforms.

The US-based global ratings agency announced the upgrade on Friday while affirming Nigeria’s short-term ratings at “B” with a stable outlook.

According to S&P, higher oil production and prices, increased domestic refining capacity, and the liberalisation of the foreign exchange market in 2023 have strengthened Nigeria’s economic growth and balance of payments position.

“On May 15, 2026, S&P Global Ratings raised its long-term foreign and local currency sovereign credit ratings on Nigeria to ‘B’ from ‘B-‘ and affirmed our ‘B’ short-term rating

“At the same time, we raised our long- and short-term Nigeria national scale ratings on the sovereign to ‘ngA+/ngA-1’ from ‘ngBBB+/ngA-2’. The outlook is stable.,” the agency stated.

S&P said Nigeria’s improved creditworthiness followed “three years of sustained structural reforms,” particularly the liberalisation of the exchange rate, which it said had improved access to foreign currency and supported investor confidence.

The agency noted that reforms aimed at broadening the tax base and increasing petroleum revenue transfers to the Federal Government had also strengthened fiscal performance.

It projected that Nigeria’s debt-to-revenue ratio would decline to 338 per cent in 2026 from about 500 per cent in 2023.

The ratings agency said the Federal Government’s decision not to reintroduce fuel subsidies had helped prevent wider budget deficits and preserve foreign exchange liquidity.

However, it warned that rising fuel prices linked to global oil market pressures and the Middle East conflict were contributing to inflationary pressures ahead of the 2027 general elections.

S&P projected inflation to average 17.7 per cent in 2026 before declining to below 10 per cent by 2028.

The agency also highlighted the impact of the Dangote Refinery and increased domestic refining capacity on Nigeria’s economy, saying the development would strengthen the country’s current account position and reduce dependence on imported refined petroleum products.

It forecast Nigeria’s current account surplus to rise to 5.8 per cent of GDP in 2026 from 4.8 per cent in 2025.

The agency said the stable outlook reflected a balance between Nigeria’s improved external position and growth prospects and persistent structural challenges such as low tax revenue, inflation, poverty, unemployment, and security concerns.

NCAA fines Xejet Airways over passenger rights violations

NCAAThe Nigeria Civil Aviation Authority has sanctioned a domestic carrier, XEJET Airways, over alleged violations of passenger rights, imposing a fine of N2m on the airline for consumer protection-related infractions.

The sanction, according to the Director of Public Affairs and Consumer Protection of the NCAA, Michael Achimugu, forms part of ongoing efforts to compel airlines to improve service delivery and ensure that passengers are treated fairly within Nigeria’s aviation sector.

Although details of the specific infractions were not disclosed, the NCAA spokesperson said the penalty was connected to breaches of consumer protection regulations designed to safeguard passengers against poor treatment, operational lapses, and service failures by airlines.

Speaking with our correspondent on the development, Achimugu confirmed that the airline had indeed been penalised by the authority. “Yes, it’s true, we are imposing sanctions on XEJET to the tune of N2m over violations of consumer protection,” Achimugu said.

He explained that while the regulatory body remained committed to enforcing standards, it was also conscious of the fragile operating environment facing domestic airlines and therefore tried to ensure that sanctions did not cripple their operations.

“Much as we are trying and ensuring that airlines are not regulated out of operations, we ensure that the sanction is minimal so airlines can continue to fly in Nigeria,” he stated.

Achimugu further stressed that the objective of the penalty was not revenue generation but to compel compliance and improve passengers’ experiences across the aviation industry.

“N2m is manageable. You should already know that sanctions are not to make money for us but to correct wrongdoings and improve the quality of their service, that’s all,” he added.

The development comes amid growing complaints from air travellers over flight delays, cancellations, poor communication, and inadequate customer care by some domestic carriers.

Many passengers have repeatedly called on the NCAA to adopt tougher measures against erring airlines to restore confidence in the sector.

A traveller, Adeniran Jones, who claimed she had suffered delays at airport terminals in Nigeria, viewed the sanction as a good way of restoring passengers’ confidence in the industry’s regulatory framework.

“This is what passengers have been asking for. When airlines know there are consequences for poor treatment, they will sit up and do the right thing.”

When contacted, the spokesperson of the airline, Juliet Atikpekpe, confirmed the development, adding that the sanction was being handled by the authority. “I can’t really speak further now. Let’s continue the conversation tomorrow. That is the only thing I can say for now,” she said.

Sterling Financial Holdings sustains growth momentum as assets cross ₦4 Trn mark in Q1, 2026

…Group profit rises 89% in FY2025, 53% in Q1 2026
Sterling Financial Holdings Company Plc (“Sterling Financial” or “the
Group”) has announced its audited financial results for the year ended December 31,
2025, alongside its unaudited results for the first quarter ended March 31, 2026,
delivering strong earnings growth, balance sheet expansion, and improved capital
strength across the Group.
According to statement by Group CFO, Sterling Financial Holdings Company PLC, Adebimpe Olambiwonnu, Gross Earnings for FY2025 increased by 44.4% to ₦486.8 billion, representing the strongest performance in the Group’s modern history. Profit Before Tax rose by 89.2% to ₦86.8 billion, while Profit After Tax increased by 74.8% to ₦76.3 billion.
The Group’s balance sheet also strengthened significantly during the year. Total Assets reached ₦3.91 trillion, Customer Deposits grew to ₦2.98 trillion, and Loans and Advances closed at ₦1.41 trillion while Shareholders’ Funds expanded by 40.5% to ₦428.7 billion.
Sterling Financial sustained this momentum into the first quarter of 2026, with Total
Assets crossing the ₦4 trillion threshold for the first time, reaching ₦4.07 trillion.
Gross Earnings for Q1 2026 rose by 41.6% year-on-year to ₦134.8 billion, supported by
a 36.8% increase in Net Interest Income to ₦64.9 billion.
Operating income reached ₦93.4 billion during the quarter, while Profit Before Tax
increased by 52.8% to ₦27.9 billion and Profit After Tax rose to ₦23.4 billion.
Shareholders’ Funds strengthened further to ₦542.5 billion following the successful
completion of the Group’s recapitalisation programme.
Commenting on the Group’s performance, Yemi Odubiyi, Group Managing Director
of Sterling Financial Holdings Company Plc, said: “Our FY2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.
The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”
This period represents an important phase in Sterling Financial’s evolution, as the
continued growth of Sterling Bank and The Alternative Bank, alongside the expansion
of SterlingFI Wealth Management, positioned the Group to compete across multiple segments under a unified Group structure and shared strategic agenda.
The Group enters the rest of 2026 with stronger capital, expanded operating capacity and continued momentum across its banking and wealth-management businesses.
Sterling Financial Holdings Company PLC (Sterling Financial) is a leading Nigerian financial services group committed to enriching lives through innovation and impact. It’s diversified portfolio includes Sterling Bank Limited, The Alternative Bank Limited and SterlingFI WealthManagement among other businesses.
As a holding company, Sterling provides strategic direction, governance, and shared
capabilities across its subsidiaries, enabling each to focus on its core mandate while benefiting from group-wide expertise, technology, and oversight.
With a heritage of trust built over six decades, Sterling Financial is committed to financial innovation, advancing inclusion, and shaping sustainable growth in Nigeria’s economy. The group continues to champion customer-focused solutions and socially responsible initiatives while creating long-term value for shareholders, employees and the communities it serves.
PenCom begins free healthcare scheme for low-income pensioners

National Pension Commission PENCOMThe National Pension Commission has commenced the pilot phase of a free healthcare initiative for low-income pensioners under the Contributory Pension Scheme, with registration now open for 30,000 retirees nationwide.

The commission, in a notice issued on Friday, said the initiative, known as PenCare, is designed for retirees aged 60 years and above who earn monthly pensions of not more than N70,000 from Pension Fund Administrators.

PenCom stated that the programme would operate on a first-come, first-served basis and urged eligible retirees to register through its website or the websites of Pension Fund Administrators. “The National Pension Commission invites retirees under the CPS to enrol in the free healthcare initiative, PenCare,” the commission stated.

It added, “If you are at least 60 years old and receive a monthly pension not more than N70,000 from a Pension Fund Administrator, you qualify for this pilot phase.

The commission disclosed that registration had commenced for up to 30,000 eligible retirees, directing applicants to visit the PenCom website or PFA platforms for enrolment. According to the notice, the programme is being introduced as a Corporate Social Responsibility initiative to ease healthcare costs for pensioners.

“PenCare is a CSR project dedicated to preserving your dignity and well-being by reducing the burden of medical expenses,” PenCom stated.

The development comes amid growing concerns about the welfare of retirees in Nigeria, particularly pensioners facing rising medical bills and inflation that has eroded purchasing power.

The PUNCH earlier reported that the National Pension Commission inaugurated the Board of Trustees for PenCare, the Pension Industry Healthcare Initiative, with the pioneer Director-General of the Commission, Muhammed Ahmad, named chairman.

According to PenCom, PenCare is a healthcare programme created to ensure retirees under the Contributory Pension Scheme have access to quality healthcare.

PDP clears Lamido as its governorship candidate in Jigawa

The 2023 governorship candidate of the Peoples Democratic Party (PDP) in Jigawa State, Mustapha Sule Lamido, has successfully scaled through the party’s screening process ahead of the 2027 governorship election.

Lamido was cleared by the PDP screening committee in Abuja on Thursday ahead of the party’s governorship primary scheduled for May 21.

He emerged as the only aspirant screened for the PDP governorship ticket in Jigawa State, positioning him as the party’s flag bearer to challenge the incumbent governor, Umar Namadi of the All Progressives Congress (APC), in the 2027 general election.

Speaking after the screening exercise, Mustapha Lamido said his decision to contest was driven by the desire to bring positive change to the political landscape of the state and address the needs of the people.

He also expressed concern over the increasing wave of defections among politicians across party lines, which he attributed to a lack of ideological commitment among some political actors.

According to him, the younger generation is determined to transform the country’s political system through purposeful leadership and dedication.

Lamido described the PDP as the only opposition party with strong ideologies capable of addressing the aspirations of ordinary Nigerians.

He further stated that the party secured over 400,000 votes in the previous election and expressed confidence that the PDP would record even better results in the 2027 polls.

APC primary: Uzodinma meets Imo stakeholders, laments number number of aspirants

Imo State Governor, Hope Uzodinma has met with aspirants from the State under All Progressives Congress, APC, seeking the  party’s tickets for different elective positions.

He urged them  to embrace loyalty, discipline and sacrifice ahead of the primaries taking place from today, May 15, 2026.

Speaking during the meeting  attended by the aspirants and stakeholders of the Party at the Banquet Hall of Government House, Owerri, the Governor described politics as not a lottery but a game of courage, stressing that some people will win while others will lose.

Uzodinma, while warning against being  desperate, urged aspirants to remain committed to the Party before, during and after the primaries.

He noted  that political contest could be akin to a game, warning aspirants to weigh all the risks before going into the contest to avoid using  money meant for their children’s school fees to buy forms.

The Governor added that the Party would adopt Option A4 voting system in the primaries to ensure transparency and avoid accusations of favoritism where consensus did not work.

Uzodinma further advised aspirants and stakeholders to respect equity and rotation formula where such exists in their Communities, and assured that the APC Committee for the conduct of Primaries as well as Appeal Committee have also been set up to handle grievances that may arise from the primaries.

He regretted that the number of aspirants to different elective positions were  large, hence the need  in ensuring that the exercise is conducted in a manner that will turn out to be a win win situation for every participant.

In his speech, the State Chairman of the party, Austin Onyedebelu reaffirmed APC’s commitment to unity, reconciliation, and electoral success ahead of 2027 general elections.

He added the State Executive Committee had taken steps to reposition the Party for greater efficiency, unity and progress.

Onyedebelu asserted that he is aware  grievances may arise from the  primaries, maintaining that  reconciliation mechanisms had been put in place to ensure rancor free exercise.

Police dismiss officers over alleged kidnapping, robbery, extortion in Rivers

Nigeria Police Force has announced the dismissal, arrest and prosecution of officers allegedly involved in kidnapping, armed robbery, extortion and other criminal activities in Rivers State.

The development was disclosed in a statement posted on the official page of the Nigeria Police Force on May 14, 2026.

According to the statement, the affected officers were linked to cases involving conspiracy, stealing, abuse of office and unlawful operations carried out within Rivers State and surrounding areas.

Investigations uncovered a syndicate involving officers attached to Zone 16 Headquarters, Yenagoa, identified as Inspectors Ayanniyi Jelili, Durojaye Francis and Olayemi Titus.

The Force alleged that the officers engaged in illegal stop-and-search operations in Port Harcourt where victims were reportedly abducted and forced to transfer money from their bank and cryptocurrency accounts.

According to the statement, three other officers identified as Inspector Awele Ogbogu, Inspector Prosper Aghotor and Corporal Favour Onwuchekwa are currently at large.

Investigators recovered three Toyota Sienna buses allegedly used for the operations, alongside N7,338,800 allegedly linked to the operations.

In a separate case, the Force also identified another group of officers formerly attached to the Department of Operations, Rivers State Command, over alleged acts of kidnapping, extortion and official corruption.

The officers identified as Inspectors John Okoi, Eyibo Asuquo, Udo Ndipmong, Bright Nwachukwu and Anele Ikechukwu were dismissed after internal disciplinary proceedings, while the matter was forwarded for prosecution.

“The leadership of the Force under the Inspector-General of Police remains resolute in its determination to identify, expose, and remove criminal elements from within the institution,” the statement read.

Police ban PoS transactions inside FCID Annex Lagos

Force Criminal Investigation Department Annex, Lagos, has prohibited Point of Sale (PoS) operations within its premises.

The Assistant Inspector-General of Police, AIG, in charge of the FCID Annex Lagos, Simeon Akpanudom, announced the directive on Thursday during a general lecture and strategic meeting with sectional heads at the command headquarters.

The development was disclosed in a statement issued by the FCID Annex spokesperson, ASP Aminat Mayegun, who noted that the directive aligns with instructions from the Inspector-General of Police, Olatunji Disu.

According to Akpanudom, PoS activities within police premises are inconsistent with security standards and operational ethics, warning that such practices could create opportunities for corruption and compromise official procedures.

The AIG urged officers to maintain professionalism, discipline and strict compliance with due process while carrying out their duties.

He also directed that all intelligence reports must be properly scrutinised and verified by sectional heads before submission.

Akpanudom further tasked supervisory officers with ensuring effective monitoring of personnel and enforcing adherence to professional standards in order to reduce misconduct within the command.

He warned officers against handling land-related disputes indiscriminately, insisting that all investigations must follow laid-down legal and investigative procedures.

The police chief also cautioned against acts capable of damaging the image of the Nigeria Police Force, stressing the need for officers to project credibility and professionalism in their conduct.

He advised personnel to respect the established chain of command and maintain discipline in the discharge of their responsibilities.

Akpanudom reiterated that acts of unprofessional conduct would not be tolerated and warned that erring officers would face disciplinary action where necessary.

He encouraged officers to remain committed to integrity, accountability and dedicated service to the nation.

Osun kingmakers endorse Gov Adeleke’s directive to forestall Ikirun crisis

Six kingmakers in Ikirun town, Osun State, have declared support for Governor Ademola Adeleke’s directive to the state Commissioner of Police, Ibrahim Gotan, to contain alleged plans to cause mayhem in the town.

The chiefs made their position known in a statement jointly signed by the kingmakers—Chief Diekola Toogun (Odofin), Chief Oluwole Atoyebi (Ojomu), Chief Bamidele Onifade (Elemon), Chief Raheem Okunlola (Jagun), Chief Sulaiman Olaore (Oluawo Onifa), and Chief Azeez Muritala (Obaale) obtained in Osogbo on Thursday.

In the statement, they accused the Eesa of Ikirunland, Chief Abdulkareem Adetoyese, of actions they claimed could undermine peace in the community.

They alleged that Adetoyese had been misleading residents by claiming authority to appoint a monarch for the town, contrary to the official position of the state government.

“It is on record that Chief Abdulkareem Adetoyese, Eesa of Ikirunland, has been engaging in nocturnal moves to violently disrupt the peaceful atmosphere in the town,” the statement read.

They added that such claims were “contrary to the tenor of the government’s gazetted position” regarding the appointment of a monarch.

The kingmakers noted that the state government’s directive issued on May 14, 2026, cautioning residents to shun violence, was a timely intervention.

They declared their alignment with the government’s stance as outlined in the White Paper released on 25 January 2024 concerning the Akinrun stool.

“We abide by the position of the government as contained in the White Paper and appreciate the peace being promoted by all affected persons, except some unscrupulous elements,” the statement added.

The chiefs also commended the police and other law enforcement agencies for what they described as swift action to prevent a breakdown of law and order in the town.

However, when contacted, Adetoyese dismissed the allegations, saying, “I never made any nocturnal move to truncate the peace of Ikirunland. I am the head of the kingmakers and my duty is to ensure peace at every point in time.

“They had earlier made allegations against me at the police station but all I know is that what they are saying is not true. These people are only jittery about the present situation. I am not fighting anybody.”