Zamfara Assembly suspends two LG chairmen over alleged misappropriation

Zamfara State House of Assembly has suspended two local government council chairmen over alleged financial misappropriation, in a move it described as a step toward strengthening accountability in the state.

The affected officials are Mannir Mu’azu Haidara of Kaura Namoda Local Government Area and Umar A. Faru of Bukkuyum LGA.

Their suspension followed the presentation of a report by the House Committee on Local Government and Chieftaincy Affairs during plenary on Wednesday.

The report was delivered by the Deputy Speaker, Adamu Aliyu Gumm, who also serves as the committee’s vice chairman.

According to the House spokesperson, Bello Kurya, the lawmakers unanimously adopted the committee’s recommendation after deliberations presided over by the Speaker, Bilyaminu Moriki.

Kurya explained that the two chairmen were suspended for failing to honour invitations extended by the committee to explain the expenditure of funds allocated to their respective councils.

“The invitations were issued to enable them to provide explanations regarding the expenditure of funds,” he said, adding that their refusal to appear before the committee was considered a serious breach.

He noted that the suspension takes immediate effect and will remain in place pending the outcome of an ongoing investigation into the financial activities of the state’s 14 local government councils for the 2025 fiscal year.

The Assembly directed the affected chairmen to hand over to their respective vice chairmen without delay.

Kurya further stated that the disciplinary action was based on findings of “disrespect to the legislative institution” as well as a lack of transparency and accountability.

He added that the Assembly had transmitted its resolutions to the executive arm of government for implementation, reiterating its commitment to prudent management of public resources and good governance in the state.

108 Ogun residents arrested, prosecuted for indiscriminate waste disposal

The Ogun State Waste Management Authority, OGWAMA, has arrested and prosecuted 108 residents in Abeokuta for the indiscriminate dumping of waste products.

The offenders were apprehended while dumping refuse on roadsides, public places and on medians, in different parts of the state capital.

Recall that DAILY POST had reported the piles of trash sitting on major roads and blocking the gutters.

However, the OGWAMA enforcement team arrested the offenders while they were dumping the refuse, an offence against the state’s waste management law.

Speaking on the arrest on Wednesday, the Special Adviser to the Governor on OGWAMA, Farook Akintunde, said the waste offenders have been prosecuted in different customary courts in the state capital and fined to serve as a deterrent to others.

He lamented that despite government efforts at picking up waste from residents’ doorsteps, they are still in the habit of dumping waste in inappropriate places, thereby defacing the aesthetic beauty of the environment and the state capital.

Akintunde said, “Its just unfortunate that we have to go this route to stop some of our people from dumping waste indiscriminately on roadsides and in public places. We have sensitized, appealed and even encouraged them to handover their waste to Waste PSP assigned to their areas for proper waste disposal but to no avail.

“We are determined to continue this exercise until they see the need to stop dumping waste indiscriminately, especially now that the state is wearing a new look in terms of proper waste management.

“Aside from this, dumping waste indiscriminately is not safe, as it can lead to flooding and contaminate ground water during this rainy season, which the state government will not allow” Akintunde warned.

He insisted that the state government through OGWAMA, will not fold its hands and allow a few individuals deface the environment through unlawful environmental practices.

Akintunde urged those still in such habit to stop or get prepared to face the law.

IPAC reacts to death of Zamfara NRM Chairman, Alhaji Moriki

The Inter-Party Advisory Council, IPAC, says it is deeply saddened by the sudden demise of its Zamfara State chapter Chairman who doubles as the Chairman National Rescue Movement, NRM, Isah Ahmad Moriki.

Moriki passed away on Monday, 6th April 2026.

INEC described his passing as a great loss not only to his immediate family and loved ones but also to the entire political community in Zamfara State and Nigeria at large.

IPAC, in a statement signed by Egbeola Wale Martins, the National Publicity Secretary, said that Moriki was a committed democrat and a dedicated leader who worked tirelessly for the growth of multi-party democracy and political inclusiveness in Zamfara State.

The umbrella body of all registered political parties in Nigeria commiserated with his family, friends, the National Rescue Movement and the Zamfara State chapter of IPAC over this painful and irreparable loss.

“We pray that Almighty Allah grants his soul eternal rest and gives all those he left behind the strength and fortitude to bear the loss,” the statement added.

“May Allah accept his soul and grant him Aljannatul Firdaus.”

Improved pipeline security drove oil output to 1.84mbpd – NNPCL

GCEO NNPC Ltd, Mr Bashir Bayo Ojulari addresses the staff of the company during his inaugural town hall meeting held at the NNPC Towers, on Thursday. CREDIT: NNPCLThe Nigerian National Petroleum Company Limited has said Nigeria’s crude oil production rose from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, with a peak of 1.84 million barrels per day in 2025, following intensified pipeline security measures in the Niger Delta.

The Group Chief Executive Officer of the company, Bashir Bayo Ojulari, disclosed this at the Parliamentary Roundtable on the State of Pipeline Security held at the National Assembly in Abuja on Wednesday.

According to a statement by the NNPC spokesman, Andy Odeh, on Wednesday, Ojulari maintained that the rise in production involved deliberate efforts by the government to secure oil pipelines.

“The Nigerian National Petroleum Company Limited has confirmed that national crude oil production has grown from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day and a peak production of 1.84 million barrels per day in 2025, owing to the establishment of integrated energy security for pipelines in the Niger Delta,” the statement said.

Speaking on the success of the security arrangement, Ojulari explained that the feat recorded was not accidental, noting that it involved an “integrated energy security model that combines legislative and executive policy alignment, actionable intelligence, kinetic deployment capabilities, regulatory oversight, industry cooperation, and community-embedded surveillance mechanisms”.

He added that the resurgence in production, due to the effective tackling of oil theft and pipeline sabotage, had restored investors’ confidence in the country’s oil and gas sector.

“The resurgence of production due to the effective tackling of the twin menace of oil theft and pervasive pipeline sabotage has led to the restoration of investors’ confidence in the nation’s oil and gas sector,” the statement added.

In his welcome address, the President of the Senate, Godswill Akpabio, who was represented by Jimoh Ibrahim, called for collaboration among agencies and stakeholders to resolve challenges impeding production growth.

Similarly, the Speaker of the House of Representatives, Tajudeen Abbas, represented by the Leader of the House, Julius Ihonvbere, urged the forum to evaluate progress made so far to ensure fairness and equity.

The roundtable was convened by the Joint Senate and House of Representatives Committee on Petroleum Resources and had top government functionaries and representatives of oil industry regulatory agencies in attendance.

Presentations were also delivered by heads of various security agencies, including the military, the police, the Department of State Services, the Nigerian Security and Civil Defence Corps, and private security companies.

Ojulari’s statement came a few days after the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, said oil production had peaked at 1.84mbpd in March.

Guinea Insurance projects N1.85bn profit

Guinea InsuranceGuinea Insurance Plc has signalled a period of robust financial growth and strategic strengthening as it forecasts a profit after tax of N1.85bn for the second quarter ending 30 June 2026.

In a comprehensive regulatory filing submitted to the Nigerian Exchange on Tuesday, the insurer detailed an ambitious financial roadmap characterised by aggressive revenue targets and a massive capital injection intended to solidify its market position.

The company’s forecast income statement projects insurance revenue to hit N4.41bn by the end of the quarter. This performance is expected to be bolstered by a strong insurance service result of N2.27bn, demonstrating the firm’s ability to effectively manage its core underwriting risks and reinsurance contracts.

Beyond its core operations, the report highlights a diversified income stream with net investment income projected at N1.14b

This is expected to be driven primarily by investment income and fair value gains on financial assets, reflecting a strategic allocation of capital within the current economic landscape.

Perhaps the most significant highlight in the filing is the N7.5bn new capital injection listed under financing activities. This influx of capital is set to dramatically transform the company’s balance sheet, pushing its cash and cash equivalents to a projected N7.44bn by mid-year, up from N2.98bn at the start of January.

The board of directors, led by Chairman Temitope Borishade and Managing Director Ademola Abidogun, noted in the filing that “these projections reflect a company exceeding expectations with a clear path toward sustainable profitability and a fortified capital base that ensures we remain a dominant player in the industry.”

On the operational side, Guinea Insurance’s cash flow estimates indicate a high level of activity, with premium collections expected to reach N4.9bn. The company has also budgeted N1.13bn for gross claims payments, emphasising its commitment to meeting policyholder obligations promptly.

The report further detailed that “the proposed capital injection of N7.5bn is a testament to investor confidence and a strategic pivot toward high-yield financial assets”, including a planned N2.5bn investment in Treasury Bills.

With earnings per share projected at 0.10 kobo, Guinea Insurance is positioning itself as an increasingly attractive prospect for shareholders. The company concluded its submission to the exchange by stating that it is “entering the second half of the year with a liquid, well-capitalised balance sheet designed to withstand macroeconomic pressures while delivering consistent value to stakeholders”.

NGX rally drives Nigeria’s frontier market re-entry

NGX-750×375International index provider FTSE Russell has officially restored Nigeria’s status to ‘Frontier Market’, a significant upgrade that reflects the sweeping infrastructure improvements and liquidity gains within the Nigerian Exchange.

The decision, according to the NGX on Wednesday, marks the end of a period of market uncertainty and signals a renewed vote of confidence from the global investment community in Nigeria’s capital market reforms.

The upgrade follows a rigorous monitoring period where Nigeria demonstrated improved consistency in foreign exchange accessibility and market transparency. Analysts suggest that the ‘Frontier’ label will trigger a fresh wave of capital inflows from passive funds that track FTSE indices.

“This restoration is more than just a title; it is a landmark for investors who have been waiting for the right signals to return to the Nigerian market with full confidence,” said a market analyst at a leading Lagos investment firm.

Central to FTSE Russell’s decision was the modernisation of the NGX’s market infrastructure. The exchange has recently implemented advanced trading technologies and streamlined settlement processes, making it easier for international institutional investors to enter and exit positions.

Similarly, a senior executive at the Nigerian Exchange said, “The gains we are seeing today are the direct result of deliberate investments in our trading systems and a commitment to global best practices in market oversight.”

The reclassification is also being viewed as a validation of the Central Bank of Nigeria’s recent efforts to stabilise the Naira and harmonise the exchange rate windows. By reducing the “bottlenecks” that previously trapped foreign capital, Nigeria has met the stringent criteria required by global index providers.

An official from the Ministry of Finance also noted, “This move by FTSE Russell recognises the resilience of our financial systems and the success of policy reforms aimed at making Nigeria a competitive destination for global capital.”

As Nigeria rejoins the Frontier Market fold, market participants expect increased trading volumes and a more diverse investor base, potentially setting the stage for a prolonged bullish run on the Lagos floor throughout 2026.

Lagos, FCMB unveil $500m human capital governance programme

FCMBThe landscape of public service delivery in Lagos State is undergoing a systemic transformation as the state government, in collaboration with the World Bank and First City Monument Bank, scales the Human Capital Opportunities for Prosperity and Equity–Governance programme.

According to a statement on Wednesday, the $500m initiative represents a departure from traditional government spending, shifting the focus from ‘input-based’ budgets to a ‘results-based’ financing model. Under this framework, funding is only released upon the verification of specific, tangible improvements in basic education and primary healthcare.

Speaking at a public presentation detailing the state’s implementation progress, Governor Babajide Sanwo-Olu emphasised that the project is designed to ensure every naira spent translates into a better life for the average resident.

“For us in Lagos, this is about people. It is about ensuring that a child has access to the right learning materials, that a mother receives quality care at a primary health centre, and that public resources are managed transparently for all to see,” Sanwo-Olu said.

The governor noted that early gains are already visible in the state’s ability to track student learning outcomes and healthcare delivery efficiency more accurately than in previous years.

The HOPE-GOV programme, which is backed by the Federal Government and spans all 36 states, addresses the ‘invisible’ back-end of governance, specifically procurement and institutional accountability. By fixing these systems, the project ensures that healthcare supplies reach clinics and educational tools reach classrooms without the typical bottlenecks of bureaucracy.

Similarly, a Senior Procurement Specialist at the World Bank, Akin Onimole, was quoted in the statement as saying, “Lagos has shown a strong commitment to strengthening its procurement and institutional frameworks. These efforts help translate reform into practical outcomes.”

A key component of the project’s success is the involvement of FCMB, which manages the critical fund flows that keep the initiative moving. The bank’s leadership views the partnership as a blueprint for how financial institutions can drive social equity.

The Managing Director/CEO of FCMB, Yemisi Edun, said, “We are working with our partners to open up more opportunities for children and communities. By supporting education and primary healthcare, we are contributing to a system where more people can participate and progress.”

Since its inception in 2025, HOPE-GOV has aimed to build a sustainable bridge between government capacity and private sector efficiency. While the full impact of these systemic changes will take years to mature, officials say the current trajectory points towards a more accountable and resilient public sector.

For the residents of Lagos, the investment is less about the staggering figure and more about the ‘quiet shift’ happening in their local clinics and schools, where performance is finally becoming the standard, rather than the exception.

ADC raises alarm over alleged political persecution of opposition members in Kaduna

The Kaduna State chapter of the African Democratic Congress (ADC) has accused authorities of orchestrating a sustained pattern of political pressure against opposition party members.

Briefing journalists on Tuesday in Kaduna, ADC chieftain and ex-Commissioner for Education, Professor Muhammad Sani-Bello, expressed “grave concern” over what it described as politically motivated actions undermining democratic norms.

The ADC alleged that recent developments surrounding El-Rufai were not isolated incidents but part of a broader strategy to weaken his political influence. Among the issues cited were his exclusion from a ministerial position, proceedings by the Kaduna State House of Assembly, and the arrest and detention of several of his associates.

The party specifically mentioned individuals, including Bashir Saidu, Ja’afar Ibrahim Sani, Jimi Lawal, and Aisha Galadima, as among those affected.

The ADC further alleged that anti-corruption and security agencies, including the Independent Corrupt Practices Commission (ICPC), the Economic and Financial Crimes Commission (EFCC), and the Department of State Services (DSS) were being used in ways that create the perception of selective enforcement.

According to the party, prolonged detention, altered bail conditions, and questioned judicial processes point to potential abuse of institutions and erosion of public trust.

The opposition party also highlighted what it described as violations of human rights and due process, citing El-Rufai’s extended detention and repeated transfers across locations.

It stressed that such actions raise concerns about fairness, proportionality, and adherence to the rule of law

Beyond El-Rufai, the ADC claimed there is a widening clampdown on opposition voices across Kaduna State. It pointed to reported arrests, intimidation, and interference in party structures, as well as alleged restrictions on the establishment of party offices.

The party also referenced controversies at the national level involving party leadership, including issues linked to former Senate President, David Mark, which it said further complicate concerns about institutional neutrality.

It called for the immediate end to what it described as harassment and politically motivated prosecutions, as well as the release of individuals it considers unlawfully detained. It also urged authorities to uphold due process, maintain institutional independence, and ensure a free and competitive democratic space.

The ADC called on relevant authorities, civil society groups, and the international community to closely monitor developments in Kaduna State.

It warned that continued pressure on opposition figures could undermine democratic pluralism and public trust in governance if not addressed.

2027: Oyo SDP lures APC gubernatorial aspirant

Prominent chieftains and leaders of Social Democratic Party (SDP) in Oyo State have paid a visit to one of the gubernatorial aspirants on the platform of All Progressives Congress (APC), Chief Saheed Oladele.

The meeting was held in Ibadan on Tuesday ahead of the 2027 general elections.

It was attended by 26 local government chairmen of the party and state executive members of the party.

DAILY POST gathered that the leader of 10 local government areas in Oke Ogun geopolitical zone, Alhaji Ibrahim Durojaiye was also in attendance at the meeting.

SDP State Chairman, Hon. Michael Okunlola, while speaking, said that Oladele has all it takes to be the next governor of the state.

Although, details of the meeting were still sketchy as at the time of filing this report on Wednesday, our correspondent gathered that both the leaders of SDP and Oladele are finalising the process for his defection to the party.

Ogun renames key highway after Tinubu, strengthens power, governance structure

The Ogun State Executive Council has approved the renaming of the Sagamu–Iperu–Sapade Expressway as the Bola Ahmed Tinubu Expressway, in honour of President Bola Ahmed Tinubu.

The decision followed an earlier announcement to rename the Artery Bypass during the commissioning of the Gateway International Airport and other landmark projects last Saturday.

In a related development, the former Aviation Village in Iperu has been renamed after the late Oba Adeleke Idowu Basibo, in recognition of his contributions to the community.

The Council also approved the procurement of 50 electricity transformers to improve power supply across the state under the Light Up Ogun Project.

Additionally, the Council approved the purchase of 20 Suzuki Grand Vitara and 12 Toyota Fortuner vehicles to support the administrative operations of public officials.

Further decisions include traditional leadership appointments and recognitions across various communities. The Council approved the declaration of the Olu of Odeda stool in Odeda Local Government Area.

It also ratified the appointment of Prince Adeyemi Ibikunle Opeaye as the Oludotun of Idotun in Ikenne Local Government Area, Chief Yaya Oriyomi as the Olu of Mowe, and Bashorun Peter Oluwole Ogunbayo as the Odemo of Ishara.

The approvals reflect the state government’s continued focus on infrastructure development, strengthened local governance, and community leadership.