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Politics

EFCC Summons Sylva, Ex-Gov Over Alleged $14.86m Fraud

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The Economic and Financial Crimes Commission, EFCC, has asked former Bayelsa State Governor, Timipre Sylva, to appear before the commission for questioning over an alleged 14.86-million-dollar fraud case. EFCC spokesperson Dele Oyewale disclosed this while responding to allegations by Sylva that the anti-graft agency had been politically influenced by the All Progressives Congress. The former governor was declared wanted by the EFCC in November 2025 over an alleged case of conspiracy and dishonest conversion involving 14-million-859-thousand-257 dollars. The development came shortly after Sylva announced his resignation from the APC, accusing the party’s leadership of abandoning its founding principles and criticising the performance of the Federal Government. Sylva also alleged that the EFCC had become increasingly politicised, while insisting that he was prepared to face any consequences arising from his resignation. The former governor has denied allegations linked to a separate 13-count charge involving alleged treason, terrorism-related offences, conspiracy and money laundering. The case remains before the court, and he has not been convicted.

Banking, Business

GTB Customer Loses N4.6m in Unauthorised Transfer

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A Lagos-based customer of Guaranty Trust Bank, Onifade Isaac, reported losing N4.6 million from his account through an unauthorised transfer. Isaac said the money was transferred from his savings account through the GTB mobile app to a Pocket App account belonging to a person identified as Zahara’u Iliyasu. He said the transaction occurred on August 22, 2026, but he did not discover the missing funds until later that evening when he attempted to withdraw money for a family need and was informed that his balance was insufficient. According to him, no SMS alert or notification was received for the transaction. He immediately contacted GTBank’s customer service and was instructed to have both his account and the recipient’s account blocked. However, Isaac said he was later informed that the money had already been withdrawn despite the reported account restrictions. He subsequently filed an affidavit and police report, demanding the immediate reversal and full recovery of the N4.6 million. GTBank had not publicly responded to the allegations as of the time of the report.

Metro

Military Rescues 15 NYSC Members, Six Others in Kogi

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The Nigerian military had rescued 21 people who were abducted in Kogi State, including 15 National Youth Service Corps members. The victims, comprising eight males and 13 females, were rescued from the Egume-Ochaja forest after they were kidnapped while travelling from Abuja to Bayelsa State. The Director of Defence Media Operations, Major General Michael Onoja, said the rescue followed intensified military operations and intelligence sharing with other security agencies. He added that troops had continued operations against terrorists and criminals in Kogi and other parts of the country. President Bola Tinubu also welcomed the rescue, saying the victims were receiving medical attention before being reunited with their families. He said security forces remained on the trail of the fleeing kidnappers and would ensure those responsible faced the full weight of the law.

Politics

Subsidy: APC Defends Tinubu, ADC Questions Trillion-Naira Spending

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The All Progressives Congress (APC) defended President Bola Tinubu’s economic reforms, particularly the removal of fuel subsidy, saying the policies had increased government revenue and improved the business environment. However, the African Democratic Congress (ADC) called on the Federal Government to explain how the additional revenue generated from the reforms had benefited Nigerians. The ADC cited figures showing that subsidy removal and foreign exchange reforms generated about N15.8 trillion in additional resources for the Federation between June 2023 and December 2025. The party also questioned the use of N47.25 trillion reportedly distributed to states through FAAC during the same period. The party argued that despite increased government revenues, Nigerians had faced higher petrol prices, food inflation and rising transportation costs. It challenged the APC to show Nigerians the tangible benefits of the reforms ahead of the 2027 elections. Meanwhile, the Presidency defended the reforms, saying they had begun to restore investor confidence and create opportunities for businesses. Presidential aide Hafiz Abdullahi said entrepreneurs were gradually adapting to the new economic environment and benefiting from improvements in the foreign exchange market. APC National Chairman Nentawe Yilwatda also warned against returning to fuel subsidy, arguing that doing so could reduce government revenues and affect funding for salaries, education, healthcare and infrastructure. Former Cross River State Governor Donald Duke, however, described the subsidy debate as a “scam” and argued that petrol could sell for about N200 per litre if Nigeria properly harnessed its crude oil resources and petroleum by-products.

General News

Diphtheria: Kano Seeks 9m Vaccine Doses as Niger Death Toll Hits 11

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The Kano State Centre for Disease Control had called for the immediate supply of nine million doses of diphtheria vaccines to help contain the spread of the disease in the state. The agency said more than 16,000 children in communities across Rano Local Government Area had not received any routine vaccination, leaving them vulnerable to infectious diseases. The Director-General of the KNCDC, Professor Muhammad Abbas, said the state had investigated about 39,000 suspected diphtheria cases between December 2022 and August 2026, with about 32,000 confirmed and 1,800 deaths recorded. He said over 55 per cent of confirmed cases involved children who had received no vaccination. Abbas added that diphtheria had been reported in more than 27 local government areas, although the situation was largely under control due to improved surveillance and response efforts. Meanwhile, in neighbouring Niger State, 11 people had reportedly died from diphtheria in Chachanga and Katcha local government areas, with 124 cases confirmed and 84 patients treated and discharged.

General News

Nigeria Expresses Concern Over Niger Republic Crisis

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The Federal Government had expressed concern over the political and security situation in the Republic of Niger following gunfire and explosions reported in the capital, Niamey, on Saturday. The Diori Hamani International Airport and the presidential palace were reportedly targeted during the incident. The Nigerien military junta said some military personnel had attempted to overthrow the government but were repelled by security forces, with assistance from the African Corps. In a statement, Nigeria’s Ministry of Foreign Affairs said the government wanted peace, security, democracy and development to prevail in Niger. It also warned that using force to resolve political differences could undermine stability in the country and the wider Sahel region. The Federal Government therefore urged the Nigerien government and citizens to work together towards an inclusive return to stability and constitutional order.

Politics

2027: G-100 Tells Atiku, Obi, Others to Embrace Cooperation

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A group of opposition politicians, known as G-100, had urged opposition leaders and presidential hopefuls to prioritise cooperation ahead of the 2027 general elections. In a statement issued by former APC chieftain Salihu Lukman, the group called on leaders including Atiku Abubakar, Peter Obi and other opposition figures to work together despite their political differences. G-100 said a divided opposition could strengthen the incumbent government by splitting votes and resources. It urged the parties to approach their planned summit in Abuja with an open mind and place Nigeria’s interests above personal ambitions. The group said cooperation did not require political parties to abandon their identities or aspirations, but stressed that a united opposition would provide Nigerians with a stronger alternative in the 2027 elections.

General News

Xenophobia: Tinubu Escalates South Africa Issue to AU

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President Bola Tinubu has formally raised concerns over recurring xenophobic and Afrophobic attacks against Africans and other nationals in South Africa before the African Union. Tinubu, through Vice President Kashim Shettima, called for urgent collective action from African leaders, saying the attacks threatened the continent’s unity, solidarity and peaceful coexistence. He urged the AU to place the issue on the agenda of its 40th Ordinary Session scheduled for January 2027, while calling for stronger measures to protect the safety and dignity of African nationals. The President also advocated dialogue, preventive diplomacy and collective action in tackling xenophobia and other security challenges across the continent. Nigeria further backed the Luanda Action Plan on conflict prevention and called for sustainable funding for AU peace operations, as well as stronger efforts to prevent weapons from reaching terrorist groups. NAIJA Presidency Explains Tinubu’s Three-Week European Vacation The Presidency has explained that President Bola Tinubu’s three-week vacation in Europe was meant to allow him to rest and recharge after months of intensive government engagements. Special Adviser to the President on Media and Public Communications, Sunday Dare, said Tinubu had spent the past six to seven months handling major decisions on the economy, security and other areas of governance. Dare explained that the timing of the break also coincided with the beginning of political activities ahead of the 2027 general elections. He said Tinubu would face several months of intense campaigning while still carrying out his responsibilities as President, adding that the vacation would give him time to recharge before the demanding political season.

Business

Nigeria’s Economy Bleeds from Steel Imports

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Nigeria spent more than N1 trillion on iron and steel imports in 2025, despite having the largely idle Ajaokuta Steel Complex in Kogi State, according to data from the National Bureau of Statistics. The figure was part of an average annual import bill of about N526 billion recorded over the past six years. The Minister of Steel Development, Prince Shuaibu Abubakar Audu, however, estimated that Nigeria spends about $4 billion, or N5.6 trillion, annually on iron and steel imports. Ajaokuta Steel Complex was designed to produce up to 5.2 million tonnes of steel annually and supply products for construction, manufacturing, transportation, infrastructure and other industries. The complex, which has remained largely inactive for more than four decades, was also expected to create hundreds of thousands of direct jobs, generate millions of indirect jobs and reduce Nigeria’s dependence on imported steel. The President of the National Association of Steel Workers, Oyabugbe Sunday, said Nigeria was losing out by exporting raw materials while importing finished steel products at higher costs. He said reviving Ajaokuta would reduce foreign exchange outflows, increase local value addition and strengthen Nigeria’s industrial base. Several attempts by successive administrations to revive or concession the plant have failed. Previous arrangements involving private investors collapsed amid allegations of non-performance, lack of transparency and legal disputes. In 2019, Russia offered to provide about $460 million in funding and technical support to complete Ajaokuta, while Afreximbank reportedly pledged an additional $1 billion. However, the agreement was not completed before the Buhari administration left office. The Federal Government also established the Ajaokuta Presidential Project Implementation Team in 2020 to accelerate the plant’s revival, but the initiative reportedly made little progress amid alleged conflicts of interest. The revival of Ajaokuta was also one of President Bola Tinubu’s campaign promises in 2023. While campaigning in Kogi State, Tinubu pledged to revive the steel complex and dredge the River Niger to support transportation and logistics. Three years into his administration, however, the steel complex remains largely idle, while Nigeria continues to spend billions of naira on imported steel products.

Business

Nigeria Records $947m Remittance Inflow in July

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Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country closer to the Central Bank of Nigeria’s target of attracting at least $1 billion monthly through official channels. The July figure represented the highest monthly inflow recorded through International Money Transfer Operators and followed a series of reforms introduced by the CBN to strengthen formal remittance channels. Between January and July 2026, total inflows through IMTOs reached $3.8 billion, representing a 50.2 per cent increase compared with the same period in 2025. CBN Governor, Olayemi Cardoso, said the latest figure placed Nigeria about $53 million away from the $1 billion monthly target. Cardoso said the increase was linked to measures aimed at making formal remittance channels more competitive, transparent and accessible. The reforms included a more market-driven exchange rate, changes to regulations governing IMTOs and the introduction of the Non-Resident Bank Verification Number. The CBN also tightened requirements for remittance transactions to pass through designated settlement accounts with authorised dealer banks. The apex bank said the growth in formal remittances could improve foreign exchange liquidity and transparency while supporting household consumption, investment and Nigeria’s external financing position. Cardoso said the CBN’s goal was not only to reach the $1 billion monthly mark but to sustain inflows above that level. He added that the bank would continue working with diaspora communities, banks and money transfer operators to reduce transaction barriers and encourage more Nigerians abroad to use formal remittance channels.