Author: News Room

The House of Representatives Committee on Finance, on Thursday, queried the Acting Managing Director of Nigerian Bulk Electricity Trading Plc, Mr Johnson Akinowo, over the utilisation of N4.10bn accrued from regulatory income in the 2025 fiscal year. The committee also suspended consideration of the agency’s 2026 budget proposal. The Chairman of the House Committee on Finance, Mr Abiodun Faleke, expressed concern in Abuja during the 2025 budget performance review of the company, noting with worry several expenditure items reflected in documents submitted to the panel. The Lagos lawmaker cited, among others, the sum of N377.03m spent on welfare packages out…

Abia State Government has partnered with professional boxing-promoting firm IKEUJ Enterprises to launch a grassroots boxing talent hunt in schools across the state, PUNCH Sports Extra reports. The state government, in a release addressed to all public secondary schools and endorsed by the Permanent Secretary, Ministry of Basic and Secondary Education, Mrs Uchechukwu Kalu, informed them of the decision to engage in a grassroots boxing talent hunt. The government directed schools to grant the company, run by ex-international boxer Ikechukwu Okoronkwo, access to students for proper guidance and training. The Speaker of the Abia State House of Assembly, Rt Hon…

The 1976 set of Fatima College, Ikire, Osun State, has completed the renovation of the school chapel as part of activities marking the institution’s 70th anniversary. Founded in 1956 by the Society of African Missions, Fatima College has a long-standing reputation for academic excellence and moral grounding. The renovated chapel was inaugurated during the anniversary celebrations, drawing alumni, clergy, and current students. In his remarks, the Archbishop of the Catholic Archdiocese of Ibadan, Gabriel Abegunrin, urged old students to continue advocating for the return of missionary schools to their original owners. He stressed that the government alone cannot address all…

Kalshi says it’s expanding surveillance on its prediction markets platform with an independent advisory committee and partnerships to catch insider trading and market manipulation just days ahead of the Super Bowl.Kalshi said on Thursday that the committee would give a quarterly rundown to the company’s outside counsel and publish statistics on investigations into suspicious activity on the platform. It is also teaming up with crypto trading surveillance platform Solidus Labs and the director of Wharton Forensic Analytics Lab, Daniel Taylor, “to detect, investigate, and address market abuse.”The move comes three days before Super Bowl 60, one of the biggest sporting events…

A woman was fatally shot while sleeping in bed next to her 7-year-old child and husband during a home invasion, and her suspected killer is expected to enter a guilty plea. Irah Sok was killed on August 19, 2022, when her home in Washington state was allegedly targeted by Christopher Johnson. Johnson, 24, and two of his alleged cohorts entered the home around 3 a.m., and he shot Sok in the head while she was fast asleep next to her son and husband, according to the Herald of Everett. The Snohomish County Sheriff’s Office said that at the time of…

The Lagos State Government has unveiled a scheme for collecting used cooking oil from residents across the state in a move aimed at strengthening environmental protection, improving public health, and advancing climate action, while unlocking an estimated $20 million biofuel market. The initiative, driven by the Ministry of the Environment and Water Resources and the Lagos State Environmental Protection Agency, is being implemented in partnership with Ororo Waste Management and supported by the Shell Foundation. It was unveiled on Thursday at an event attended by government officials, private sector partners, environmental experts and youth representatives. Speaking at the unveiling, the…

The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned a former Vice-Chancellor of the Federal University, Dutsinma, Katsina State, Professor Armaya’u Hamisu Bichi, over alleged bribery totalling N19.7 million. Bichi was brought before Honourable Justice Musa Danladi Abubakar of the Katsina State High Court on Thursday, February 5, 2026, alongside two co-defendants, Lawal Tukur Mani and Aliyu Lawal Jari. The defendants are facing a five-count charge bordering on bribery and abuse of office. The EFCC alleged that Bichi, while serving as Vice-Chancellor of the Federal University, Dutsinma, received bribes through the two co-defendants as kickbacks…

Former governor of Kogi State, Idris Wada, has appealed to all members of the ruling All Progressives Congress, APC, in the state to shun internal rivalries and embrace peace and unity. Wada who is also the Chairman of the Kogi Progressive Stakeholders Forum, KPSF, made the call at a meeting organised by the forum on Wednesday in Lokoja. While addressing the gathering, Wada advised all members of the party in the state to shun all acts of internal rivalries, stressing that only a united party can effectively support President Bola Ahmed Tinubu’s reform agenda and guarantee electoral success in 2027.…

Nigeria must urgently transition from an economy dependent on raw material exports to one driven by ideas, innovation, and the production of complex goods if it hopes to achieve sustainable growth and long-term prosperity, the Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said. Adedeji made the call on Thursday while delivering the maiden Distinguished Personality Lecture of the Faculty of Administration, Obafemi Awolowo University, Ile-Ife, Osun State. In the lecture, titled “From Potential to Prosperity: Export-led Economy”, the revenue chief warned that Nigeria’s current economic structure leaves it poorly positioned in a global economy that increasingly rewards knowledge,…

The Nigeria Police Force National Cybercrime Centre has commenced an analysis of a documentary detailing allegations that a Nigerian socialite posed as the Crown Prince of Dubai to defraud a foreign victim of millions of dollars. The Commissioner of Police in charge of the NPF National Cybercrime Centre, CP Uche Ifeanyi, disclosed this on Thursday during a press briefing, saying the police were already reviewing information circulating in the media on the case. “I tell you, we were able to intercept that case that is actually trending now. Just this morning, I summoned my people to conduct a profiling and…