Home Blog

Fact Check: Does Original Copy of Presidential Election Tribunal Judgement Have Tinubu’s Legal Team’s Watermark on It? [REPORT]

0

It is misleading to claim that the Judgment of the Presidential Election Petitions Tribunal was drafted by Tinubu’s lawyers just because it had the TPLT watermark on it.

Claim: A Screenshot of the Presidential Election Tribunal’s Judgement bearing the Watermark of Tinubu’s Presidential Legal Team is circulating online claiming that the judgment was crafted by Tinubu’s Lawyers. 

Full Text: The watermarked copy had been a subject of controversy especially on social media with critics alleging a sinister move.

The screenshot was accompanied by the following text, “The brilliant judgement was crafted for them. Copy and past they forgot to clean out the document title, just as they omitted 25% Abuja ”

There have been mixed reactions over the Wednesday judgment of the Presidential Election Petition Tribunal. 

The verdict of the Presidential  Election Petition Tribunal dismissed the petitions of the presidential candidates of the Peoples Democratic Party, Abubakar Atiku, and  Labour Party Peter Obi, and the Allied Peoples Movement, challenging the declaration of Bola Tinubu of the All Progressives Congress, APC, winner of the February 25 presidential poll and upheld the election of President Bola Tinubu. 

Some lawyers on Thursday said the judgment delivered by the Presidential Election Petition Court (PEPC) on Wednesday was full of reviews and deep explanations.

The lawyers said contrary to expectations that the court would only do a partial review of the cases before delivering judgement, the justices did a thorough analysis of the judgement.

They said the justices did a thorough job to the extent that some senior lawyers representing parties were chided for inadequacies in their research to build their clients’ cases.

Verification: An online search led PRNigeria fact checkers to a denial issued by Tinubu’s Presidential Legal Team (TPLT). 

The TPLT coordinator, Babatunde Ogala, in a statement explained that they watermarked their copy of the judgment after collection from the Court of Appeal before circulating the scanned copies to members of their team.

“After the delivery of judgment in the 3 (Three) election petitions by the Court of Appeal on September 6, 2023, the Court directed its registry to make physical copies of same available on September 7, 2023.

“Accordingly, the Tinubu Presidential Legal Team applied for a Certified True Copy of the said judgment and paid the prescribed fee.

“Lawyers for PDP were present at the registry at the same time to collect the same judgment.

“In fact, the representative of the PDP collected the first copy that was made available by the registry.” The statement read in part. 

With the observation that a certified through copy of the judgment without the watermarks was displayed on Arise TV Prime Time news by a TPLT Lawyer, PRNigeria fact checkers visited the official website of the Appeal Court to access an e-copy of the judgment. 

An assessment of the consolidated copy of the judgment obtained on the official website of the court has no watermarks of any party on either the header or footer contrary to the copy circulating online with the TPLT watermark. 

It was also observed that while the consolidated copy was duly signed and stamped by the Secretary of the Presidential Election Petition Court 2023 – JJ Ekperobe Esq dated September 8, 2023 the copy circulating online had the authourised payment stamp of the tribunal which indicates that the required fee of N10,000 was duly paid at the registry to obtain it, substantiating claims that the copy in question was actually the property of whoever had paid the given fee. 

PRNigeria further used detection tools for detecting deleted items on the court’s website to ascertain if there was any previously deleted copy prior to the copy of the judgment that is now accessible on the Court’s official website. 

Using Wayback Machine, a platform that captures and saves snapshots of thousands of websites regularly, currently, hosting a mind-boggling 818 billion web pages, making us believe that nothing gets deleted from the internet, PRNigeria fact checkers entered the URL of the Court but there was no old version of snapshot that suggestion anything was deleted on the page recently. 

PRNigeria then cross referenced same URL with Archive Today, another website that displays all the snapshots of that website in reverse chronological order, and the results returned the same. 

Conclusion: Available evidences point to the fact that the inscription generating controversy on the copy of the tribunal judgment circulating online was a ‘watermark’ the TPLT made on its own copies of the court judgment. 

PRNigeria therefore concludes that the claim that the Judgment of the Presidential Election Petitions Tribunal was drafted for it by Tinubu’s Lawyers because it had the TPLT watermark on it is MISLEADING. 

For more, check PRNigeria Fact-Check 

Source: PRNigeria

Aso Villa Elements: Lai Mohammed knows those I’m referring to – El-Rufai spills

0

The Governor of Kaduna State, Nasir El-Rufai has accused the Minister of Information and Culture, Lai Mohammed, of knowing the individual elements in the Villa that are working against the ruling All Progressives Congress, APC’s victory in the 2023 presidential election.

Recall that El-Rufai had earlier on Wednesday, alleged that some persons in the presidential Villa were working towards the failure of the party.

Responding to him, the Information Minister while addressing the state house correspondents after the Federal Executive Council, FEC, meeting on Wednesday, noted that the Presidency is not aware of those in its fold working against the APC.

The Governor, however, on Thursday, in an interview on Arise TV, insisted that even Lai Mohammed knows the individuals he is referring to in the Villa.

He said, ”Let me restate exactly what I said. What I said was that we are convinced that there are elements in the Villa that want APC to lose the elections, I did not say the Federal government.

“I did not say Asiwaju Bola Ahmed Tinubu. I said APC. So I don’t understand why the Federal government is responding to what I said because the Federal government is not part of it. I referred to elements in the Villa, and with the greatest respect, even Lai Mohammed knows who I am referring to.”

PHOTOS: Shade Okoya dazzles all with Eleganza products at LCCI Lagos International Trade Fair

By Lukman Omikunle

Dr. Folashade Okoya has recorded chains of unblemished feats making the company one of the most stable and sustainable business empires in Nigeria.

Photo Source: Abiola Orisile Events and Parties

Manufacturing giants, Eleganza Industries maintains its forefront position as Nigeria’s leading indigenous manufacturing company with its array of quality and wholly-Nigerian made products being exhibited at the ongoing 2022 edition of the Lagos International Trade Fair organized by the Lagos State Chamber of Commerce and Industry, LCCI.

The Eleganza stand attracted all comers at the fair with the strategic display of its multiple products which include coolers, chairs, food warmers, food takeaway packs, and luggage boxes – All products on display come in various shapes and sizes.

Other products available at the trade fair currently going on at the Tafawa Balewa Square in Lagos include brands of Eleganza soap, the Eleganza sanitary pad brand among other related products.

Photo Source: Abiola Orisile Events and Parties

Dr. Folashade Okoya, the MD/CEO of Eleganza Group and wife of billionaire business mogul, Chief Rasaq Akanni Okoya, was present at the fair on Tuesday. The beautiful, industrious and resourceful woman is the brain behind the massive transformation of the famous Eleganza dynasty.

Photo Source: Abiola Orisile Events and Parties

Many shoppers and traders alike who trooped to the stand marvelled at the quality of various products on display. Notable ace personalities of the Nigerian social and business establishments were also spotted at the Eleganza stand

Dr Folashade Okoya MD/CEO Eleganza Industries with the President of the LCCI Dr Micheal Olawale-Cole / Photo Source: Abiola Orisile Events and Parties

The colourful Eleganza stand at the trade fair also caught the attention of the President of the LCCI, Dr. Micheal Olawale-Cole who commended Mrs Okoya’s industrial and business prowess.

With over 20 years of experience within the Eleganza conglomerate, Dr. Folashade Okoya has recorded chains of unblemished feats making the company one of the most stable and sustainable business empires in Nigeria.

READ Subomi Balogun… The Nigerian Billionaire with 11 Rolls Royce

More About Eleganza – Source: Linkedin

Eleganza is a renowned plastics manufacturing company in Nigeria. We are a household name known for the uncompromisingly superior quality of our products and services, with our extensive portfolio of over 50 products ranging from the production of general household plastics to cosmetics. We seek to foster a culture of excellence at Eleganza, our core belief is the idea of continuous improvement and the name is your guarantee.

The opportunities at Eleganza are endless and avenues for growth and development are always on the forefront of our business. Become a part of our purpose-led business, working with a brand that is well-loved locally and internationally and improves the lives of consumers and the communities around us. Here, we value the input various individuals can bring and look to our team to provide solutions and achieve purpose in life through the company. Join us and be surrounded by inspiring leaders, supportive peers and a forward thinking organization, where you can channel your purpose into action by bringing fresh ideas to the table, thereby making your mark as you grow with us and also making a real impact on the business and the world.

With our goal achieving mindset, we think not only about the profit to the organisation, but also impact, accountability and profitability to our individual customers and the wider community and economy. We are always looking to improve. We are now bigger and better.

We are ELEGANZA.

Femi Gbajabiamila stranded! Why he may not recover from Alaafin’s demise

0

+ His lust for title costs him millions of naira, insiders claim

His recent travail undoubtedly offers undeniable lessons in tact, modesty, and humility. Having been severely humbled by fate, Gbajabiamila has learned that this life is indeed transient and unpredictable.

Femi Gbajabiamila must be in pain. The incumbent Speaker, Federal House of Representatives, like the desirous nomad, is stranded on the mournful plane with few landmarks and no boundaries; he is marooned where happiness’ horizons grow vague and propriety’s vistas evade the covetous grasp of the ambitious.

At the demise of his HRH Oba Lamidi Adeyemi, the Alaafin of Oyo, Gbajabiamila’s heartfelt joy dimmed into a coma. Soon after Oba Adeyemi departed the path of life, into the distant privacy of the hereafter, Gbajabiamila’s dreams of clinching a chieftaincy title suffered a sudden death.

The incumbent Speaker, who was supposed to be invested with the title of thee Baasofin ti ile Yoruba (The Supreme Legislative Guide of the Yoruba), watched his dream of bagging the title extinguish at the demise of Oyo’s paramount ruler.

At the monarch’s demise, the event which was slated for Friday, May 27, 2022, at the Forecourt of the Alaafin of Oyo’s Palace can no longer hold and this has really unsettled Gbajabiamila, who had hitherto looked forward to his grand investiture as a traditional chief of Oyo Kingdom.

More worrisome was the sheer waste of the millions of naira budgeted for his investiture ceremony. Gbajabiamila is presently beside himself in misery as he rues the fortune he committed to his thwarted party. Sources close to the Speaker disclose that he is yet to recover from the rude shock of the Alaafin’s death and the monetary cost of losing such an opportunity to assert himself as a force to reckon with amid his kinsmen.

There is no gainsaying Gbajabiamila nursed grand dreams of the future. But his expectations have been thwarted by the Alaafin’s demise. The prominent monarch has embarked on a journey of no return. Having lived a long, fulfilled life, he has been led to the deep and dusty rubble beneath his throne and high tower to join his forbears.

Alaafin Adeyemi’s demise has dealt a big blow to Gbajabiamila’s chieftaincy hopes, and this has left the lawmaker distraught. Having spent good money printing the invitation cards for the event, and planning for it in a big way, the Honourable Speaker must count his losses and simply move on.

His recent travail undoubtedly offers undeniable lessons in tact, modesty, and humility. Having been severely humbled by fate, Gbajabiamila has learned that this life is indeed transient and unpredictable. He has learned never to take things for granted perhaps.

NEWS: Soyinka visits Igboho in Cotonou…”I’d always wanted to sympathise with his predicament”

He has also learned never to plan for tomorrow with a surety and temerity that borders on cockiness.

The event which has since suffered a gruesome death was supposed to feature HRH Enitan Ogunwusi, the Ooni of Ife, as the Royal Father of the Day and Bola Ahmed Tinubu (BAT), All Progressives Congress (APC)’s national leader and presidential aspirant, as a Special Guest of Honour, among others.

As Speaker of Nigeria’s 9th House of Representatives. Gbajabiamila was elected to the House in 2003 and re-elected in 2007. He represents the Surulere I constituency of Lagos State (see Nigerian National Assembly delegation from Lagos) in the House of Representatives. He is the Speaker of the House of Representation.

It is noteworthy that Gbajabiamila was the Minority Leader of the House of Representatives in the 7th National Assembly. He was elected speaker in the 9th National Assembly, House of Representatives, with 283 votes, while his opponent Mohammed Umar Bago, came Second with 78 votes. (THE CAPITAL)

Insecurity: IGP acquires five new high-powered UAVs to combat crime nationwide

0

• As police pilots conclude specialized training on operations, deployment

Nigerian Inspector-General of Police, IGP Usman Alkali Baba has embraced a technology-driven policing approach to combat insecurity and checkmate various criminal activities across the country.

In this regard, the police boss acquired five new additional high-powered Unmanned Aerial Vehicles (UAVs) to improve surveillance operations nationwide.

CSP Olumuyiwa Adejobi, force public relations officer, Force headquarters, disclosed this on Wednesday in a statement obtained by newsheadline247.

Adejobi stated that the UAVs will be remotely operated by police pilots from the Police Airwing who have undergone specialized training from Engineers of the Elistair company, who were flown in from France at the instance of the IGP.

NEWS: Reps uncover over N300bn from failed transactions trapped in commercial banks

Read the statement in full below;

The Inspector-General of Police, IGP Usman Alkali Baba psc(+), NPM, fdc, has acquired five (5) additional high-powered Unmanned Aerial Vehicles (UAVs) to improve surveillance operations to checkmate criminal activities in the country in line with the IGP’s vision and mission statements which include technology-driven policing.

The acquisition is the manifestation of the IGP’s determination to integrate the use of innovative technology in the law enforcement duties of the Nigeria Police Force and ultimately enhance its intelligence gathering and operational capabilities. The drones will assist the Police in monitoring active crime scenes, coordinating response operations, and providing aerial support to responding officers.

The UAVs include an ALTI Transition, capable of covering up to 150km in a single flight with high endurance of up to 14 hours, and an Elistair Orion fixed-wing aircraft, capable of covering up to 92m altitude with high endurance of up to 50 hours and other sensitive and forensic-based features.

These UAVs will be remotely operated by police pilots from the Police Airwing who have undergone specialized training from Engineers of the Elistair company, who were flown in from France at the instance of the IGP, for a week-long training schedule, and have acquired technical skills and requisite know-how in the operation and maintenance of the procured UAVs.

The IGP has however directed the immediate, adequate, and strategic deployment of these drones to areas prone to high-security breaches, for monitoring and intelligence gathering to tackle criminality headlong.

The Inspector-General of Police has further reiterated the firm determination of the Police leadership to continue to explore avenues to enhance police intelligence-gathering capabilities and engage the application of cutting-edge technology in the fight against crime and criminality while seeking full cooperation from members of the public on intelligence gathering and vigilance.

CSP OLUMUYIWA ADEJOBI, mnipr, mipra Ag. FORCE PUBLIC RELATIONS OFFICER FORCE HEADQUARTERS ABUJA March 30, 2022.

Details: 3years after ceremonial wedding, Queen Naomi Silekunola announces divorce from Ooni of Ife, explains reasons

0

Her Majesty, Queen Silekunola Naomi, has announced her divorce from the Ooni of Ife Oba Adeyeye Ogunwusi Ojaja II.

Queen Naomi, an Evangelist married the traditional ruler in October 2018 and they had a child, Prince Tadenikawo Ogunwusi together in November 2020.

Multiple reports said Olori Naomi has quit her role as the Queen of Ile-Ife and revealed she’s no longer the wife of the revered monarch of the Yorubaland.

A statement posted on her verified Instagram handle and Facebook page on Thursday also confirmed this.

 She announced an end to the three-year marriage, according to the statement.

According to her in the statement gone viral on social media, she said she tried to make the union work but the monarch’s public identity is at variance with “his true self”.

READ ALSO: Revealed! Ooni Ogunwusi allegedly has 6 to 7 wives (Oloris) [Report]

The mother of one appreciated her son and described him as a sign of God’s knowledge of her situation, as she appealed to aggrieved persons to allow peace to reign, and respect their son.

She wrote, “I bless the Lord almighty for His faithfulness in the last 3years of my marriage. In life’s journey, it isn’t how far. Still, how well, indeed though satan should buffet if trials should come, I have this blessed assurance controlling all situations and saying to me it is well with my soul. Certainly, it is well. I made my journey into the ancient throne of Ife with faith in my heart and love for the keeper of it.”

Queen Naomi stated further in the statement that contrary to reports that the Ooni of Ife is married to another queen, she was his only wife. She further revealed that their marriage in 2018 was not arranged as some people have painted it to be.

“Few impressions I would love to correct. If anyone knows otherwise, they are free to come up with facts. Let it be known that this decision to move on did not come because his majesty is married to another queen. As many would love to assume, throughout our life as a couple, I was the only married wife to him. There were side attractions, but it was never an issue.

“I never approached him with any revelation of any sort, as many believed he contacted me first and made his proposal known several months later.

“The marriage was not an arranged one, as many have misconstrued. I never knew the prophetess said to have introduced me to him. Instead, he introduced her to me after I agreed to marry him. I was only being polite out of respect for him. I have never been pregnant all my life before Tadenikawo; my son is my first ever pregnancy with medical reports to back it up. The girl who is said to be my daughter is my niece,” she said.

She said she tried hard to make the marriage work but soon realised she has only one assignment – God and her son.

Details: Oni of Ife’s wife, Olori Naomi reacts to marriage crash rumour… - newsheadline247.com

“I did my best to endure and make it work; many times, I smiled through the struggle, but I have finally realised I had just one assignment, my son, and when God is done, He is done. He chose Saul to be king, and when He was done, He told the prophet Samuel I have moved on. Religion was never an issue between us; please refer to my interview on News Central TV. Instead, His Majesty has a picture he would love the world to see and perceive him as and another one which is his true self.”

Queen Naomi announced she’s no longer the Ooni’s wife or the Queen of Ile-Ife and will like to be known as the “Queen of the People”.

“Today I announce the beginning of a new dawn and the close of a chapter. Today, I am a mother to God’s unique gift.

“I am no longer a slave to my thoughts of perfection. I, at this moment, announce that I shall no longer be referred to as wife to the Ooni of Ife or as Queen of Ile-Ife but as the Queen of the people and mother of my adorable Prince.”

She thanked her loved ones and prayer partners and further revealed she’s moving to a new chapter of her life.

Referring to her son, Prince Tadenikawo, Queen Naomi said: “He is God’s way of saying I know about it all. In situations like this, there will be aggrieved persons. I, at this moment, appeal to all parties involved to allow the peace of God with the consciousness that there is a lovely little boy between us. I thank all of my prayer partners and loved ones.

 “I remain committed to all of my projects, charity work and ministry. In this new season, I shall be focusing on God only.”

In May 2020, Olori Naomi reacted to emerged rumours of her marriage to Ooni Ogunwusi being crashed after she was alleged to have packed out of the Ife palace over speculated unresolved marital crisis.

She then described the allegation as unfounded adding that the rumour is the handiwork of mischief peddlers who would love to see her marriage hit the rock.

The latest development may, however, be a different ball game following her famous posts on Instagram and Facebook.

SOCIETY: Miss Nigeria2021: Kano Hisbah kicks against winner, Shatu Garko’s participation

Photos: Lovebirds… K1, Nuella’s pre-wedding pictures trend on social media

0

By Lukman Omikunle

Barely 24 hours to their much-anticipated wedding ceremony, King of fuji music and Mayegun of Yorubaland, Wasiu Ayinde Marshal and new life-love partner, Emmanuella Ropo on Wednesday reeled out some pre-wedding pictures ahead of the solemnization of their union.

The said pictures showing the fuji music icon and his new wife in deep romantic postures has been trending on several social media platforms minutes after they were released.

K1, as Marshal is fondly called by fans will be getting married to Nuella tomorrow, Thursday, in Abeokuta, the Ogun State capital.

READ ALSO: “My heart bleeds love for you”… KWAM 1’s new wife, Emmanuella expresses volumes of feelings for hubby

Equity in Action: First Lady Oluremi Tinubu Extends Palliative Relief to Northern Muslims

0

First Lady Oluremi Tinubu has launched the distribution of N12 billion worth of palliatives to Muslim households across northern Nigeria, covering all 19 states and the Federal Capital Territory (FCT).

The initiative, flagged off in Kaduna, comes months after a similar intervention benefitted Christian communities in the region in December last year. According to the First Lady, the distribution will be coordinated through established state committees to ensure transparency and efficiency.

Mrs. Tinubu described the programme as part of the broader social welfare agenda of President Bola Ahmed Tinubu, aimed at supporting vulnerable Nigerians amid ongoing economic reforms. She noted that the intervention reflects the administration’s commitment to both immediate relief and long-term national development.

Emphasising inclusiveness, the First Lady said the current rollout seeks to balance earlier support extended to Christian communities, reinforcing unity and fairness across religious lines. She called on citizens to embrace peace, tolerance, and mutual respect, stressing that national unity remains key to overcoming challenges.

She also urged religious and community leaders to continue promoting harmony, while appreciating Islamic scholars, traditional rulers, and other stakeholders for their sustained support for the administration.

As part of the rollout, Mrs. Tinubu announced the distribution of 100 trucks of rice valued at N1.2 billion, expressing hope that the aid would ease hardship for beneficiary families. She also extended advance Eid-al-Adha greetings to Muslim faithful.

Governor Uba Sani commended the initiative, describing it as a reflection of compassionate leadership. He said both the President and First Lady have demonstrated commitment to citizens’ welfare through targeted interventions.

Similarly, Mai Mala Buni called on Nigerians to support the administration, noting that national progress depends on unity and stability. He highlighted the importance of collective effort in navigating economic challenges and urged citizens to balance their rights with civic responsibilities.

Media Veteran Femi Salawu Rises to VP Role as The Temple Company Unveils Leadership Shake-Up

0

Femi Salawu, a seasoned media practitioner and Lagos State University graduate, has been elevated to the position of Vice President (Influence and Reputation) at The Temple Company.

The announcement was made during the firm’s 10th anniversary celebration, where the company also unveiled a major leadership restructuring.

Salawu, a former entertainment reporter with The Sun and The Nation newspapers, previously served as Editor of Entertainment Express. He also worked closely with Femi Adesina, providing media support during his tenure as Special Adviser on Media and Publicity to former President Muhammadu Buhari for eight years.

A pioneer member of The Temple Company, Salawu steps into the new role from his previous position as Head of Public Affairs, marking a significant milestone in his career within the organisation.

The restructuring follows the resignation of the company’s founder and Group Chief Executive Officer, Idris Olorunnimbe, after his recent appointment by President Bola Ahmed Tinubu as Chairman of the Nigerian Communications Commission (NCC).

In the new leadership arrangement, Terfa Tilley-Gyado, formerly an Executive Director, has been appointed President of The Temple Company Group.

Other executives elevated in the reorganisation include Yemisi Falaye (Vice President, Legal and Learning), Kolawole Fashola (Vice President, Operations and Tech), Adedamilola Adedotun (Vice President, Ventures and Sports), and Oladoyin Bakare (Vice President, People and Partnerships).

Speaking on the company’s new direction, Tilley-Gyado praised the outgoing founder for establishing a strong foundation and expressed confidence in the leadership team’s ability to drive the company forward.

“We commend our visionary founder for laying the building blocks that will help me and my team propel this organisation to the next level. Our partners can be assured of a renewed commitment to push the boundaries of African excellence through the creative industry,” he said.

Founded in 2016, The Temple Company has grown from a talent management outfit into a multi-dimensional creative powerhouse with operations extending beyond Nigeria. Its expansion includes ventures such as Ogidi Studios, TMPL Motion Pictures, and H&T Agency, reinforcing its position in Africa’s evolving creative ecosystem.

Child Abuse Case: Mother in Custody, Teen Rescued and Sheltered in Lagos

0

A Magistrate’s Court in Ogba, Lagos, has ordered the remand of a woman accused of assaulting her 15-year-old daughter in the Ipaja area of the state.

The defendant was remanded at the Kirikiri Correctional Centre pending legal advice from the Director of Public Prosecutions (DPP).

The incident came to public attention after a disturbing viral video surfaced on April 29, 2026, allegedly showing the mother physically abusing the teenager. Following the report, the Lagos State Domestic and Sexual Violence Agency (DSVA) promptly activated its response protocol.

Officials of the Child Protection Unit (CPU) under the Ministry of Youth and Social Development swiftly rescued the teenager and placed her in a secure shelter. Authorities confirmed that the victim is currently receiving care and psychosocial support.

The suspect was initially apprehended by officers of the Lagos Neighbourhood Safety Corps (LNSC) and taken to the Ipaja Police Station. The case was later transferred to the Family Support Unit of the Ipaja Division under the Lagos State Police Command for further investigation.

After preliminary findings, the case was formally charged to court on April 30, 2026, and heard at Court 23 of the Samuel Ilori Magistrate’s Court in Ogba.

The Lagos State Government has commended residents and mandated reporters for their swift action in bringing the case to light, noting that their intervention helped ensure the victim’s safety and expedited legal proceedings.

Reaffirming its zero-tolerance policy on child abuse, the government pledged continued protection for survivors and strict accountability for offenders under the law.


GTCO Plc Releases 2026 Q1 Unaudited Results, Reports ₦302.9billion PBT

0

GTCO Plc Releases 2026 Q1 Unaudited Results, Reports ₦302.9billion PBT

Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements as of March 31, 2026, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE).

The Group posted Profit Before Tax of ₦302.9billion on the back of strong performance posted on the core earnings lines of interest income and fee income which grew y-o-y by 17.5% and 7.1% respectively. Earnings capacity was driven by 1.3% growth in the Group’s Loan book (net) from ₦3.13trillion as of December 2025 to ₦3.17trillion in March 2026, enabled by 6.3% growth in Deposit liabilities from ₦12.87trillion to ₦13.69trillion during the same period.

Total assets and shareholders’ funds closed at ₦18.7trillion and ₦3.6trillion, respectively. Capital Adequacy Ratio (CAR) remained very strong, closing at 39.5%, likewise asset quality improved as evidenced by IFRS 9 Stage 3 Loans which closed at 4.4% % in Q1-2026 (5.0% in December 2025). Cost of Risk (COR) equally improved to 0.2% from 2.2% in December 2025.

The Group recorded growths across all its Asset lines and continues to maintain a well-structured, healthy liquid and diversified balance sheet in all the jurisdictions wherein it operates a Banking franchise, as well as across its Payments, Pension and Funds Management business verticals.

Commenting on the results, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Our Q1 2026 results mark a defining shift in the quality and composition of our earnings, with strong underlying performance across our core banking operations and increasing contribution from our ecosystem businesses. Building on the momentum from prior periods, we delivered solid growth across our core income lines, supported by disciplined execution and a well-diversified, strong, and healthy balance sheet.

He further added: “Our focus remains on driving sustainable earnings by deepening customer relationships, rapidly scaling our ecosystem businesses, and deploying technology to deliver simpler, faster, and more intuitive financial solutions. We see significant headroom across payments, wealth management, and banking, both in Nigeria and across our West and East African markets, and we are deliberately positioning the Group to capture these opportunities while sustaining strong, long-term value creation.’

Overall, the Group continues to post one of the best metrics in the Nigerian Financial Services Industry in terms of key financial ratios i.e., Pre-Tax Return on Equity (ROAE) of 34.4%, Pre-Tax Return on Assets (ROAA) of 6.6%, Capital Adequacy Ratio (CAR) of 39.5% and Cost to Income ratio of 31.5%.

GTCO Plc is a leading financial services group with operations across Africa and the United Kingdom. Renowned for its strong corporate governance, innovative financial solutions, and customer-centric approach, the Group provides a wide range of banking and non-banking services including payments, funds management, and
pension fund administration. The Group is committed to delivering long-term value to stakeholders while driving growth and development across its markets

Lagos Socialite ‘Ariket’ Jailed 45 Years for Cocaine Trafficking — How the Airport Arrest Unraveled

A Lagos court sentences socialite Funmilola Ogbuaya, aka Ariket, over cocaine export to Saudi Arabia, detailing how the case unfolded from airport arrest to conviction

Lagos Socialite Ariket Sentenced for Cocaine Export to Saudi Arabia

A Lagos-based socialite, Funmilola Arike Ogbuaya, widely known as Ariket, has been sentenced to 45 years’ imprisonment for the unlawful exportation of 1.595 kilograms of cocaine to Saudi Arabia.

The judgment was delivered by the Federal High Court sitting in Ikoyi, Lagos, where Justice Dehinde Dipeolu found her guilty on all charges.

Justice Dipeolu handed down a 15-year sentence on each of the three counts—conspiracy, possession, and illegal exportation of cocaine.

However, the court ruled that the sentences would run concurrently, meaning Ogbuaya will serve an effective 15-year term starting from May 19, 2017, the date of her arrest.

The case (FHC/L/124C/2017) stemmed from the arrest of Ogbuaya’s co-defendant, Odeyemi Omolara, also known as Ariyo Monsurat Olabisi, at the Murtala Muhammed International Airport on February 23, 2017.

During interrogation, Omolara reportedly implicated Ogbuaya as the supplier of the cocaine intended for export.

Omolara had earlier pleaded guilty and was sentenced to 25 years’ imprisonment by Justice Hadiza Rabiu Shagari, now of the Court of Appeal.

Prosecution witnesses painted a vivid picture of the events leading to the arrest.

One witness, Iyabode Shonibare, told the court that Omolara raised an alarm upon being apprehended, shouting: “Arike has k!lled me.”

Another witness confirmed that Omolara consistently maintained that Ogbuaya handed her the bag containing the illicit substance.

A security guard at Ogbuaya’s residence, identified as Aliyu, testified that Omolara had visited the house a day before her arrest and spent the night. He added that unknown individuals had earlier delivered the same bag later used for the drug exportation, and that Ogbuaya personally drove Omolara to the airport.

In her defence, Ogbuaya admitted knowing Omolara but denied involvement in drug trafficking.

She claimed Omolara only visited her to seek financial help and that she gave her ₦10,000. She also acknowledged dropping her at the airport while heading to Ajase in the Republic of Benin, insisting she had no knowledge of the drugs.

Despite pleas from her counsel, Yakubu Galadima, who urged the court to show leniency on grounds that she is a first-time offender with dependents, the court upheld the conviction.

After reviewing the evidence, Justice Dipeolu found Ogbuaya guilty on all three counts, bringing the high-profile drug trafficking case to a close.

The ruling underscores Nigeria’s continued crackdown on international drug trafficking networks operating through its airports.

INEC Reinstates David Mark-Led NWC After Supreme Court Ruling

0

INEC reinstates the David Mark-led National Working Committee following a Supreme Court ruling, setting the stage for preparations ahead of the 2027 elections

INEC Restores David Mark-Led NWC After Supreme Court Judgment

The Independent National Electoral Commission (INEC) has restored the names of the National Working Committee (NWC) led by David Mark on its official website, just hours after a decisive Supreme Court judgment.

The move follows the court’s decision setting aside the status quo ante bellum, effectively resetting the leadership structure and paving the way for the reinstatement.

Checks revealed that INEC updated its portal at about 9:30pm on Thursday, confirming the return of the Mark-led leadership.

The development is seen as a major turning point, positioning the reinstated NWC to take full charge of preparations for the 2027 general elections.

Among those reinstated alongside Mark are Rauf Aregbesola as National Secretary, Mani Ibrahim Ahmad as Organising Treasurer, Akibu Dalhatu as National Financial Secretary, and Oserheimen Osunbor as National Legal Adviser.

With the updated listing, the restored NWC is now positioned to steer party affairs and coordinate electoral strategies ahead of 2027.

The swift action by INEC underscores the weight of the Supreme Court ruling and signals a new phase in the party’s internal leadership dynamics.

Abdul Samad Rabiu Becomes Africa’s Second-Richest Man – Forbes Ranking

0

BUA Group chairman Abdul Samad Rabiu rises to Africa’s second-richest man with $15.8bn, overtaking Johann Rupert, according to Forbes real-time rankings.

Rabiu Surges to No. 2 in Africa’s Wealth Rankings

Nigerian billionaire industrialist Abdul Samad Rabiu has climbed to become Africa’s second-richest man, according to the latest real-time rankings by Forbes.

Figures as of April 30, 2026, place Rabiu’s net worth at $15.8 billion, pushing him ahead of South African luxury magnate Johann Rupert and his family, whose fortune stands at $15.1 billion.

He now sits just behind Africa’s richest man, Aliko Dangote.

Rabiu’s rapid rise is closely tied to the strong market performance of his core businesses under BUA Group, particularly BUA Cement and BUA Foods.

His dominant stakes in these publicly traded companies have significantly boosted his valuation, as investor confidence grows in sectors like cement production, food processing, and large-scale manufacturing.

Forbes’ real-time rankings track wealth using share prices, ownership structures, private assets, currency movements, and liabilities—factors that have all worked in Rabiu’s favour.

Born into the influential Kano business family of Khalifah Isyaku Rabiu, Abdul Samad Rabiu founded BUA International in 1988, later transforming it into BUA Group—one of Africa’s leading conglomerates.

Today, the group spans cement, sugar, flour, foods, ports, infrastructure, and real estate, with BUA Cement emerging as a major force in Nigeria’s construction sector and BUA Foods playing a key role in food security.

Rabiu’s ascent signals a shift in how wealth is being built across Africa.

Unlike many fortunes rooted in mining or luxury goods, his rise is driven by industrial production, manufacturing, and infrastructure—positioning him as a leading figure in Africa’s growing industrial economy.

Beyond corporate success, Rabiu has expanded his influence through philanthropy.

In 2021, he launched ASR Africa, committing $100 million annually to projects in health, education, and social development across the continent.

Through the initiative, he has funded hospitals, universities, and key infrastructure, reinforcing his status as both a business leader and a major philanthropic investor.

Rabiu’s emergence as Africa’s second-richest man is more than a personal milestone—it reflects the rising power of Nigerian industry and capital markets on the global stage.

As BUA Group continues to expand, his ranking highlights a broader transformation in African wealth creation, driven increasingly by local enterprise and industrial scale.

Jandor Dumps Lagos 2027 Race, Backs Hamzat After Tinubu’s Nod

0

Jandor steps down from the Lagos 2027 governorship race, citing APC unity and backing Kadri Hamzat following President Tinubu’s endorsement

Jandor Steps Down, Backs APC Consensus Candidate

Dr. Abdul-Azeez Olajide Adediran, popularly known as Jandor, has officially withdrawn from the Lagos State governorship race ahead of the 2027 elections, throwing his support behind the leadership direction of the All Progressives Congress (APC).

In a statement issued on April 30, 2026, Jandor said his decision followed the endorsement of Kadri Hamzat by party leaders, including President Bola Ahmed Tinubu.

The former aspirant, who had earlier obtained his Expression of Interest and Nomination Forms, said his ambition was driven by consultations and a genuine desire to serve Lagos State. However, he stressed that unity must outweigh personal ambition.

“This decision is not borne out of weakness or lack of capacity, but out of strength, discipline, and a deep respect for party cohesion and unity,” he stated.

Jandor reaffirmed his loyalty to the APC, pledging unwavering support for President Tinubu, whom he described as pivotal to the stability and progress of both the party and the nation.

He said he was fully aligned with the President’s position on the Lagos governorship process, emphasizing that party supremacy remains essential to sustaining past achievements.

Addressing members of the Lagos4Lagos Movement, Jandor expressed appreciation for their steadfast backing and urged them to remain calm and committed.

“This is a moment to consolidate, not to divide; to build, not to fracture,” he said, calling on supporters to rally behind the party’s chosen path.

Jandor concluded by thanking the media and his supporters across Lagos for their continued engagement and loyalty, assuring them that his commitment to the APC and the development of Lagos remains unwavering.

His withdrawal marks a significant shift in the Lagos 2027 political landscape, reinforcing the APC’s push for unity ahead of the elections.

Ambode Backs Hamzat as APC Lagos Flagbearer, Calls for Party Unity, Sets Vote Target for Tinubu

0

Former Lagos Governor Akinwunmi Ambode backs Kadri Hamzat as APC’s 2027 governorship candidate, urging party unity and a 3 million vote target for President Tinubu

Ambode Backs Hamzat, Calls for APC Unity Ahead of 2027

Former Lagos State Governor, Akinwunmi Ambode, has thrown his weight behind Kadri Obafemi Hamzat following his emergence as the All Progressives Congress (APC) consensus governorship candidate for the 2027 general elections.

In a statement released on Thursday, Ambode described Hamzat’s emergence as a clear sign of unity within the party, noting that it reflects a “shared purpose” among APC stakeholders in Lagos.

He credited the outcome to what he called “deliberate and purposeful consultations,” adding that Hamzat’s loyalty, experience, and commitment to party ideals made him a natural choice to lead the ticket.

Ambode highlighted Hamzat’s governance credentials, pointing to his experience and deep understanding of Lagos’ developmental priorities as key strengths.

According to him, Hamzat’s track record positions him well to deliver on the state’s needs if elected, while also boosting the APC’s chances of maintaining its dominance in Lagos politics.

Reiterating his allegiance to party leadership, Ambode also reaffirmed his support for President Bola Ahmed Tinubu, stressing the importance of continuity in governance at both state and national levels.

He urged APC members across Lagos and the South-West to unite and intensify grassroots mobilisation efforts ahead of the elections.

“Now is the time to roll up our sleeves,” Ambode said, calling on stakeholders to ensure sweeping victories for the party.

He set an ambitious target of at least three million votes for Tinubu in the next electoral cycle.

Ambode ended his message on a hopeful note, expressing confidence in the future of Lagos and Nigeria. He also offered prayers for the success of the APC, the progress of the state, and the continued development of the nation.

His endorsement signals growing momentum within the APC as preparations for the 2027 elections begin to take shape.

Dangote Refinery Recalls Redeployed Engineers

Dangote Refinery Recalls Redeployed Engineers

Dangote Petroleum Refinery has approved the recall of engineers previously redeployed across its business units, following what management described as a conditional pardon after internal disciplinary actions linked to operational disruptions.

In an internal communication to staff, the company said the decision followed an extensive review process and numerous appeals from respected individuals, stakeholders, and the engineers. The refinery noted that while earlier actions were taken to protect operations and uphold organisational standards, it has now opted to offer a second opportunity to the staff.

Under the directive, according to a memo signed by the Group Vice President, Oil & Gas, Devakumar Edwin, all affected personnel will be invited for a meeting and subsequently reassigned to resume duties at the refinery. The recall also covers those who did not take up earlier redeployment options offered by the company.

Management emphasised that the move reflects both a commitment to fairness and a belief in second chances, while reiterating that discipline, professionalism and adherence to corporate values remain non-negotiable.

“This decision was not an easy one. It reflects not only our belief in second chances but also serves as a clear reminder that loyalty, professionalism and adherence to organisational standards are non‑negotiable,” it said. “Effective immediately, all engineers previously redeployed to other business units, will be invited for a meeting and, subsequently, will be provided with an opportunity to render their services at our Petroleum Refinery. This would include those who did not avail the opportunity provided earlier for redeployment”.

The company, however, issued a firm warning that any recurrence of misconduct would attract immediate and decisive sanctions, underscoring its zero-tolerance stance on actions capable of undermining operations.

Dangote Refinery added that it expects the returning engineers to demonstrate renewed dedication as it continues efforts to strengthen operational efficiency and maintain its position as a key player in Nigeria’s oil and gas sector.

“We welcome our colleagues back, with the expectation of renewed dedication, and we look forward to working together to strengthen our operations and deliver excellence in the oil and gas sector,” it added.

Recall that the Dangote Group, in October 2025, redeployed some refinery engineers to other companies within the Group as part of measures to stabilise operations at the time.