Justice Nwosu-Iheme of a FCT High Court Wuse Zone 2 in Abuja on Monday sentenced the husband of late gospel singer, Osinachi, Peter Nwachukwu, to death by hanging.
Nwachukwu was found guilty of culpable homicide resulting in the death of the deceased ( his wife) on April 8, 2022.
The judge held that the prosecution had proven the burden of proof placed on it by the law and subsequently found the defendant guilty.
Nwachukwu was arraigned on June 3, 2022 by the Office of Attorney-General of the Federation (OAGF), on behalf of the Federal Government, on a 23-count charge .
The charge was on culpable homicide punishable with death, criminal intimidation, cruelty to children, criminal intimidation of children, spousal battery, among others.
In the course of trial, the prosecution called 17 witnesses, including two children of the late Osinachi, who testified as fourth prosecution and fifth prosecution witnesses, PW4 and PW5 respectively.
The prosecution also tendered 25 documents as exhibits before the court.
The defendant testified for the defence and further called four other witnesses and tendered four exhibits in his defence.
Shortly before sentencing, the defendant, counsel , Reginald Nwali, in his allocutus pleaded with the court to be lenient in its judgment.
Similarly, the prosecution counsel, Mrs Aderonke Imala, urged the court to give force to the law as stipulated.
Justice Nwosu-Iheme subsequently sentenced Nwachukwu to death by hanging on Count 1, while he was sentenced to two years imprisonment each on Counts 2, 3, 8,9, 12, 13, and 18.
The court sentenced the defendant to six months imprisonment on Count 10, three years imrisonment in Count 11, while he was fined the sum of N500,000 and N200,000 respectively on Counts 6 and 7 respectively.
(NAN)
Nasir Idris, governor of Kebbi, says he remains committed to the All Progressives Congress (APC) and has no plans to defect.
A viral message had claimed that Idris and four other APC governors were finalising plans to defect to the Peoples Democratic Party (PDP) before the 2027 elections.
This follows growing coalition talks among opposition politicians seeking to wrest power from the ruling APC.
Former Vice-President Atiku Abubakar has been at the forefront of “strategic meetings” around the proposed coalition.
In a statement on Sunday, Ahmed Idris, the governor’s spokesperson, described the report linking his principal and four other governors to a new political alliance as “ridiculously malicious”.
The spokesperson dismissed the claim as “a huge joke” crafted by “the most uninteresting political comedians”.
“His Excellency would have chosen to ignore the report as a dance of mad fellows dancing naked in the marketplace, but for the avoidance of doubt, Governor Idris wishes to state categorically that he is not a political prostitute,” the statement reads.
“This report is not only false, but it is a huge joke cracked by the most uninteresting political comedians.
“He is made in APC by APC and for APC. He will be the last person to leave his reliable and formidable party for any coalition, no matter who the architects and builders are.
“Comrade Nasir Idris is a leader who loves his people. The people of Kebbi State love him with a passion and beyond comment.
“The people of Kebbi state are completely in APC, and he can therefore not afford to abandon his people and embrace strangers.
“According to the KAURAN GWANDU, “I’m completely focused on making Kebbi State better and consolidating the gains and successes of our party and our leader, Asiwaju Bola Ahmed Tinubu.
“If they tell you again that Kaura is likely to leave his APC, tell them I will be the last man standing.”
The governor added that his administration remains committed to the welfare of the people and to the continued growth of the state under the APC.
[TheCable]
Legal storm brews over Senator Natasha’s recall, Judicial Discipline Rules — Prof Ozekhome raises Alarm
AdminThe suspended lawmaker representing Kogi Central, Senator Natasha Akpoti-Udaughan, on Sunday, tendered an unreserved apology to Senate President Godswill Akpabio over the controversial sexual harassment allegation she levelled against him.
However, her perceived apology was veiled in a satirical letter she wrote to the former Akwa Ibom governor, who is currently in Rome for the late Pope Francis’ funeral and made available to newsmen in Abuja.
PUNCH Online reported that Natasha was suspended on March 6 following a heated disagreement with the Senate leadership over a new seating arrangement, which she alleged was designed to undermine her.
Tensions rose further when Akpoti-Uduaghan accused Akpabio on national television of punishing her for rejecting his purported sexual advances.
During the Women in Parliament session at the Inter-Parliamentary Union meeting at the United Nations in New York, Akpoti-Uduaghan called for international intervention to hold the Nigerian Senate accountable.
She also criticised the severe measures imposed on her, including the withdrawal of security, salary cuts, and a six-month suspension from the National Assembly.
Following a series of legal fireworks between both parties, the court barred the duo from talking to the press and commenting on the issue until the legal outcome of the case.
However, on Sunday, two days after Akpabio led a Federal Government delegation to the Vatican, the Kogi Central senator wrote a derisive ‘Apology Letter’ directed at the Senate President.
It read, “Dear Distinguished Senate President Godswill Akpabio, It is with the deepest sarcasm and utmost theatrical regret that I tender this apology for the grievous crime of possessing dignity and self-respect in your most exalted presence.
“I have reflected extensively on my unforgivable failure to recognise that legislative success in certain quarters is apparently not earned through merit, but through the ancient art of compliance — of the very personal kind.
“How remiss of me not to understand that my refusal to indulge your… “requests” was not merely a personal choice, but a constitutional violation of the unwritten laws of certain men’s entitlement. Truly, I must apologize for prioritizing competence over capitulation, vision over vanity, and the people’s mandate over private dinners behind closed doors.
“I now realize the catastrophic consequences of my actions: legislation delayed, tempers flared, and the tragic bruising of egos so large they require their own postcodes. For this disruption to the natural order of “quid pro quo,” I bow my head in fictional shame.
“Please find it in your magnanimous heart — somewhere buried deep beneath layers of entitlement — to forgive this stubborn woman who mistakenly believed that her seat in the Senate was earned through elections, not erections. I remain Yours in eternal resistance, Senator Natasha H Akpoti Uduaghan Unafraid, Unbought, and Unbroken.”
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has described inflation as the most significant threat to the economic welfare of Nigerians, pledging the CBN’s commitment to reducing inflation to single digits over the medium term.
Speaking at the conclusion of the 2025 IMF and World Bank Spring Meetings in Washington, D.C., Cardoso emphasized the urgency of tackling inflation to stabilize household incomes and improve the cost of living across the country.
“Inflation remains the most disruptive force against the economic welfare of Nigerians. Our focus is to bring it down to single digits over the medium term,” Cardoso said.
Rising Inflation Rates and Economic Pressures
In March 2025, Nigeria’s headline inflation rate surged to 24.23%, up from 23.18% in February, according to the National Bureau of Statistics (NBS).
This sharp increase reflects persistent pressures on food prices, essential goods, and the broader cost of living, exacerbating economic challenges for millions of Nigerians.
The NBS report attributes the inflationary trend to rising prices of both food and non-food items, highlighting the need for sustainable monetary interventions.
Meanwhile, the IMF projects Nigeria’s inflation rate to average 26.5% in 2025, following the recent rebasing of the Consumer Price Index (CPI).
Although this marks a decline from 33.2% in 2024, inflation is expected to spike again to 37.0% by 2026, underlining the volatility of Nigeria’s economic landscape.
Investment and Reform Momentum
Despite these challenges, Cardoso pointed to growing investor confidence in Nigeria’s reform agenda.
He referenced the country’s recent high-level investment forum at the Nasdaq Market Site in New York.
The event showcased Nigeria’s economic reforms and attracted interest from global investors and the diaspora, signaling optimism for the nation’s future economic trajectory.
Federal Government’s Economic Strategy
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, echoed Cardoso’s sentiments, emphasizing the government’s focus on economic growth and job creation.
- Speaking at the same IMF and World Bank meetings, Edun outlined Nigeria’s ambitious target of achieving 7% economic growth, supported by investments in critical infrastructure such as digital connectivity, data access, and fibre optic networks.
- Edun highlighted the government’s strategy to mobilize domestic revenue and crowd in private sector investments, creating an environment conducive to business growth.
“By stabilizing the economy and driving private sector participation, we are creating sustainable jobs for young Nigerians and fostering inclusive growth,” Edun stated.
He also reaffirmed the government’s commitment to fiscal discipline, noting that Nigeria’s reform programme—spanning fiscal, monetary, and structural policies—has been recognized by international partners as being on the right track.
“Despite global uncertainty, Nigeria is poised for resilient, inclusive growth,” Edun added.
Pragmatic Fiscal Planning
Edun emphasized the importance of flexible fiscal planning, stating, “A budget is a statement of intent; it must be continually recalibrated to reflect on-ground realities and available resources.”
This approach emphasized the government’s focus on adapting to economic challenges while maintaining a clear vision for growth and stability.
As Nigeria navigates its economic challenges, the combined efforts of the CBN, the Federal Government, and international partners aim to address inflation, foster investment, and create a sustainable path toward economic prosperity.
What you should know
In January 2025, the NBS updated the CPI base year from 2009 to 2024 to reflect more current household spending patterns.
- As a result, inflation figures were recalibrated, with the January rate easing to 24.48% from 34.80% in December 2024.
- The moderation continued in February, falling to 23.18%, before inching back up to 24.23% in March, indicating persistent cost-of-living pressures.
[Nairametrics]
The Federal Government has expressed worry over the increasing number of citizens falling victim to cyber slavery.
Naija News reports that the Minister of Foreign Affairs, Maitama Tuggar, said most young Nigerians were lured out of the country under the promise of lucrative jobs, particularly in crypto-related operations..
In a statement on Sunday by the Ministry’s spokesman, Kimiebi Imomotimi Ebienfa, Tuggar noted that victims of the fake job promoters online are being subjected to inhumane conditions and slavery.
He assured that the government was working with international partners to arrest the culprits.
Tuggar advised Nigerians to verify all employment offers through official channels and report suspicious cases to relevant authorities for necessary investigation and action to curtail the activities of the perpetrators.
It read: “The Ministry of Foreign Affairs notes with grave concern the alarming rise of cyber slavery across parts of West Africa, targeting Nigerian citizens, particularly vulnerable youths. Many young Nigerians, including underage teenagers, are lured out of the country under the false promise of lucrative employment opportunities abroad, particularly in crypto-related operations.
“In reality, these individuals are trafficked into sophisticated scam operations and enslaved to work in criminal ‘call centres’ — often referred to as ‘419 cyber-scam factories’. There, they are forced under coercive and inhumane conditions to send thousands of fraudulent emails, text messages, and calls aimed at defrauding victims worldwide.
“The Ministry notes with dismay a recent incident where the Economic and Organised Crimes Office (EOCO) in Accra, Ghana rescued and detained a group of Nigerians forced to engage in cybercrime activities under inhumane conditions. This incident highlights the severe exploitation and abuse associated with cybercrime operations. It also underscores the need for enhanced efforts to combat such multibillion-dollar criminal networks and mitigate the susceptibility of victims.
“The Ministry strongly warns all Nigerians, especially the youths and parents, to exercise the utmost caution when presented with job offers, particularly those promising easy money, overseas travel, or remote work involving cryptocurrencies. Nigerians are therefore advised to verify all employment offers through official channels and report suspicious cases to relevant authorities for necessary investigation and action to curtail the activities of the perpetrators.
“The Ministry wishes to assure the general public that, as a precautionary measure to address this unfortunate situation, the Federal Government is working closely with regional partners, law enforcement agencies, and international organizations to tackle this heinous crime, rescue victims, and bring perpetrators to justice.
“The Ministry remains committed to protecting Nigerian citizens at home and abroad and will continue to raise awareness about emerging threats to the welfare and dignity of our people.”
[NaijaNews]
Super Eagles midfielder Alex Iwobi has disclosed that he was on the verge of joining Nottingham Forest in 2023.
The Nigerian international, who is having a brilliant season with Fulham, bagged an assist to help his team defeat Southampton 2-1 in Saturday’s Premier League.
Speaking with Fulham Fan News, the former Arsenal star stated that he got a phone call from Super Eagles defender Ola Aina to join Nottingham Forest, but he decided to pitch tent with Fulham.
“There was interest, the main interest came from Nottingham Forest,” Aina said, per Fulham Fan News.
“The manager at the time called me, and he asked what I was thinking about joining. Ten minutes later, Ola (Aina) has called me, and he’s like, ‘Alex, you’re coming to Nottingham Forest; the manager just called me and said, persuade Alex’.
“I could have been linking up with Ola, but eventually they didn’t put in a bid, and only Fulham did, so that was that.”
Gunmen have abducted Harira Abdullahi, the wife of the District Head of Aboro in Sanga Local Government Area of Kaduna State, Alhaji Shuaibu Suleiman Galadima, alongside his daughter, Maryam Suleiman Galadima.
It was learnt that the incident occurred around 7:36 pm on Sunday when the attackers stormed the district head’s residence and whisked away the two women.
A resident of the community, who spoke on condition of anonymity, confirmed the development to our reporter on Monday morning. According to him, the attack threw the area into confusion as residents mobilised to rescue the abducted victims.
“But as we followed them into the bush to try and rescue the kidnapped persons, the gunmen opened fire on us. Sadly, they shot dead one of our members, Umar Abdullahi, and injured another, Suleiman, who is currently receiving treatment at a hospital,” he said.
He added that the deceased had been buried according to Islamic rites.
The source called on the government and security agencies to intensify efforts to secure the release of the abducted wife and daughter of the traditional ruler, and to ensure the safety of the community.
Efforts to get a reaction from the Kaduna State Police Command were unsuccessful as the spokesperson, DSP Mansir Hassan, did not respond to inquiries by our reporter as of the time of filing this report.
Kidnapping for ransom has remained a major security challenge in parts of Kaduna State, particularly in rural communities.
[DailyTrust]
There is currently growing confusion within the ruling All Progressives Congress (APC) in Kebbi State following widespread rumours that Governor Nasiru Idris may be planning to defect to the Peoples Democratic Party (PDP) ahead of the 2027 general elections.
The speculation was fueled by a viral report which named Idris among five serving APC governors who are said to be considering joining forces with the 2023 PDP presidential candidate, Atiku Abubakar, in a bid to unseat President Bola Tinubu in 2027.
However, despite the report going viral on social media, the state government has remained silent on the issue for over 48 hours, fueling speculation that there might be some truth in the rumours.
The prolonged silence has intensified anxiety among party members and residents, who are now left to wonder about the political future of the governor and the state’s political dynamics.
DAILY POST observed that despite being in the opposition, the PDP has a strong presence in Kebbi State.
The three senators representing the state in the National Assembly – Adamu Aliero (North), Yahaya Abdullahi (Central) and Garba Musa Maidoki (South) – are all members of the PDP.
Amid growing uncertainty surrounding Governor Nasiru Idris’ future in the APC, former Governor Adamu Aliero continues to wield significant influence in Kebbi State politics.
Although Aliero switched to the opposition PDP, his political experience remains undeniable, with many viewing him as a key decider in the state’s electoral outcomes.
This strong representation has given the opposition party a strong foothold in Kebbi.
In the 2023 gubernatorial election, Governor Idris of the APC won by a narrow margin, securing just 52% of the votes to defeat his main rival, retired Army General Aminu Bande of the PDP.
The rumours of Governor Idris’s defection have triggered an internal crisis within the APC, with several party members expressing concern over the future direction of the party.
In particular, some top members have been reported to be in talks with opposition parties, including the Social Democratic Party (SDP), in anticipation of a possible defection by the governor.
These have led to widespread uncertainty among APC members, especially in the governor’s ward, Nassarawa II, where there is growing confusion over what lies ahead.
To quell the growing unrest, the Chairman of the APC in Kebbi State, Muhammad Zuru, issued a public statement cautioning party members against aligning with what he described as “so-called emerging political parties,” including the SDP.
“As party members, we must remain loyal and sincerely support both the party and the government,” he stated.
The speculation has since stirred mixed reactions among APC members in the state.
In interviews with DAILY POST, some APC members dismissed the reports as baseless while others are increasingly concerned that the governor’s defection could soon become a reality.
“I don’t believe it’s true,” Alhaji Sani Bello, a senior APC member from Brinin Kebbi Local Government Area said.
“This is just one of those rumours that tend to surface every election cycle. Governor Idris is too committed to the APC to leave now, especially after the victory in the last election,” he added.
However, not everyone shares Bello’s optimism. A party member from the governor’s ward in Nassarawa II, Brinin Kebbi, who wished to remain anonymous, expressed a more cautious outlook.
“The silence from the government is worrisome. We are deeply concerned. The situation looks increasingly serious on a daily basis, and if the governor defects, it could spell the end of APC dominance in Kebbi State. I fear that the defection might be imminent.”
Another APC stalwart, Ahmed Jibril, who has been involved in local politics for years, added that the APC’s declining fortunes could lead to defections.
“It’s possible that Governor Idris is considering joining forces with Atiku. The APC is fractured in this state and the national level, and some of us are already looking at alternatives. If the governor makes the move, others will follow. It’s all about survival in the political game.”
While some members are concerned about Governor Idris’s alleged defection, there is also growing chatter within the APC about the possibility of Attorney General of the Federation (AGF) Abubakar Malami stepping into the governor’s role in 2027.
Some party members have expressed strong support for Malami, whom the described as a viable alternative and a leader who could unite the party in these uncertain times.
Historically, Kebbi has been a stronghold of the APC, but recent events have exposed the cracks within the party.
Meanwhile, several efforts to reach Kabir Sani-Giant, the Special Adviser to Governor Nasiru Idris on Power and Politics, were unsuccessful.
Sani-Giant has remained unreachable following his recent suspension from the APC.
He was recently suspended for allegedly bringing a snake into the Government House and intimidating dignitaries and officials.
[DailyPost]
The 17th Headies Awards paid a tribute to the late Afrobeat singer Mohbad, celebrating his life, music and lasting impact on fans.
A video montage featuring his music videos accompanied a narrative that highlighted his journey and influence.
The emotional tribute described Mohbad as a star whose spirit and voice would never be forgotten, noting that his music was more than just sound, it was a movement.
The tribute reads in part: “Some voices are too powerful to be forgotten, some spirits shine so bright they leave a mark that cannot be erased. Mohbad was one of those stars. From the streets of Lagos to the heart of millions, Mohbad’s music was more than sound; it was a movement… Rest in peace, Mohbad, your light will never fade.”
Mohbad was also posthumously awarded the ‘Best Street-hop Artist’ with his song ‘Ask About Me’.
The award was accepted on his behalf by members of his family, including, his wife Wunmi, son, Liam and younger brother Adura.
[TheNation]
More...
Manchester United are continuing their efforts to secure the signing of Brazilian forward Matheus Cunha, with negotiations on final contract details currently underway.
Transfer expert Fabrizio Romano confirmed the development on Monday via, stating, “Manchester United keep working to seal Matheus Cunha deal very soon, plan confirmed since one week ago.”
He added that the player is “keen on joining the project,” suggesting positive momentum in talks between the two parties.
The latest update follows Romano’s earlier report on April 21, where he noted that Manchester United were leading the race to sign the Wolverhampton Wanderers striker.
At the time, personal terms were being discussed, with United aware that other clubs had also shown interest. Cunha’s contract reportedly includes a £62.5 million release clause.
Romano said, “good feelings” after initial contacts between Cunha and Manchester United, indicating mutual interest in completing the transfer swiftly.
[Punch]
As cryptocurrencies continue to gain popularity as valuable investment assets, more investors are moving away from traditional markets. As the broader crypto market cools, some digital assets, like Ethereum (ETH), are still attracting attention. ETH saw a 1.25% increase in the last 24 hours, currently trading at $1,775.47, and has risen 12.10% over the past week. However, ETH’s trading volume has declined by 21.50%, signaling a shift in market activity.
Following the current market instability, many ETH investors are now seeking more reliable ways to mine ETH and enter the crypto space without the stress of analyzing the market or making costly investments. Free cloud mining is emerging as a low-risk, automated solution for those looking to engage with crypto in an easier way.
One Best cloud mining platforms leading this change is Hartcoin. This free cloud mining platform lets users earn daily profits automatically by renting mining power, with investment plans starting at just $30.With its user-friendly platform and low entry barrier, Hartcoin provides a reliable, passive income model that makes it easy for both new and experienced investors to mine digital assets while the market stabilizes.
Massive Ethereum Options Expiry May Stir the Market; Here’s How Hartcoin Users Could Benefit!
A total of 458,926 Ethereum options contracts, worth over $808.3M, are expiring today, and the crypto market is watching closely. With a put-to-call ratio of 0.74, the majority of traders are betting on a bullish move, yet the maximum pain point sits at $1,900, marking a potential battle zone for price volatility.
These expiries often trigger sudden market swings as large holders shift positions and liquidity floods in or out. While many investors feel the pressure to act fast or risk missing out, others are choosing a smarter and steadier route of earning ETH passively without lifting a finger.
In this kind of environment, everyday investors are often left unsure how to participate without the stress of timing the market, and that’s exactly where Hartcoin steps in.
While the market price often fluctuates, Hartcoin users can mine Ethereum passively, without investing in expensive gear or worrying about electricity bills. Through AI-powered algorithms and automated cloud infrastructure, Hartcoin lets users earn ETH daily, simply by depositing and activating a miner from their smartphone or by being connected to an internet source.
So while traders brace for short-term swings, Hartcoin miners keep earning, riding Ethereum’s momentum with zero market pressure.
ETH Investors Earn Up to $9,000 Daily with Hartcoin –The Best Cloud Mining Platform for Maximum Returns
Hartcoin is revolutionizing the world of free cloud mining, offering ETH investors an easy and profitable way to mine without the need for expensive hardware or technical know-how. As one of the most profitable cloud mining platforms available, Hartcoin enables users to mine cryptos with flexible plans ranging from $30 to $50,000, providing access to free cloud mining and high-yield, automated operations that generate passive income daily.
With the potential to earn up to $9,000 daily, Hartcoin offers a profitable cloud mining solution for both beginners and seasoned investors. The platform’s automated system ensures stable returns while keeping the entry barrier low, and its short-term contracts help investors respond to market fluctuations and manage risks effectively. In volatile times like this, Free cloud mining offers a smarter, more stable path for ETH accumulation.
Why is Hartcoin Is the Go-To Choice for ETH Investors Seeking Passive Income?
With the current market fluctuations and uncertainty, investors are increasingly turning to Hartcoin as a reliable alternative for mining ETH, BTC, and other cryptocurrencies. Let’s take a closer look at the key features that are making Hartcoin one of the best cloud mining platforms in 2025.
- 24/7 Customer Support: Hartcoin provides dedicated support around the clock, ensuring that you can get assistance whenever you need it.
- Top-Notch Security: With robust encryption and continuous surveillance, Hartcoin ensures that your funds and mining activities remain secure at all times.
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- Easy Start + $30 Bonus: Begin your mining journey with ease and get a $30 bonus to explore free cloud mining, zero risk, maximum opportunity.
- Referral Program: Grow your network by inviting friends to join the most profitable cloud mining platform, and earn up to 3% from their mining activities, plus 1.5% from their referrals, increasing your passive income.
- Energy-Efficient Infrastructure: Hartcoin utilizes optimized power consumption, ensuring a sustainable and eco-friendly mining experience while maintaining high performance.
Getting Started with Hartcoin: Simple Steps to Passive Crypto Earnings
- Create your account on Hartcoin’s official site, It’s quick and hassle-free.
- Explore a variety of earning packages built to match your budget and financial goals.
- Select a plan and activate it instantly, no mining gear or tech know-how needed.
- Watch your returns grow live through your dashboard.
- Cash out your earnings anytime, straight to your crypto wallet with ease, or reinvest for more gains.
How to Spot a Cloud Mining Scam!
When considering free cloud mining platforms, it’s essential to know how to spot potential scams to protect your investment. Here are some crucial things to watch out for:
- Unrealistic Returns: High promises of quick profits (like doubling your investment in a day or two) are usually a scam.
- 1-2 Day Cycles with High Interest Rates: Be cautious of platforms offering rapid returns with short cycles. These are often designed for quick fake gains before disappearing.
- Lack of Transparency: Avoid platforms that don’t disclose their team, location, or mining process.
- Referral-Focused Platforms: If the platform’s focus is more on recruiting new members rather than actual mining or investment, it could be a sign of a fraudulent investment scheme.
Conclusion: Hartcoin Leads the Way in Scalable, Real-World Crypto Solutions
Hartcoin is paving the way for a more inclusive and efficient crypto economy by tackling key challenges in the digital finance world. From opening access to underserved communities to simplifying how users interact with blockchain, this free cloud mining platform is built with real-world usability in mind.
Its cross-chain integration improves flexibility, while strong community engagement ensures ongoing relevance and trust. With security as a core pillar and continuous updates to match industry changes, Hartcoin stands out as more than just a profitable cloud mining option, it’s a forward-thinking ecosystem built for long-term success in the digital era.
[Vanguard]
Here are the seven top business stories you need to track this week — April 28 to May 2.
NIGERIAN TRIBUNAL UPHOLDS FCCPC’S $220M FINE AGAINST META
The competition and consumer protection tribunal has upheld the $220 million fine imposed on Meta Platforms Incorporated by the Federal Competition and Consumer Protection Commission (FCCPC).
In a statement on April 25, by Ondaje Ijagwu, the agency’s director for corporate affairs, FCCPC said the tribunal also awarded $35,000 to the commission for the cost incurred during the investigation.
The tribunal led by Thomas Okosun ruled that the FCCPC acted within its constitutional and statutory powers in investigating and sanctioning the companies for alleged anti-competitive and exploitative practices.
However, Meta said it will appeal the tribunal’s decision.
IMF PROJECTS NIGERIA’S ECONOMIC GROWTH RATE TO DROP TO 3%
The International Monetary Fund (IMF) says Nigeria’s economy will grow at a much slower pace of 3 percent in 2025.
The projection is a downgrade from the IMF’s estimate of 3.2 percent announced in October 2024, according to the fund’s World Economic Outlook (WEO) report presented at the spring meetings in Washington D.C.
The Bretton Woods organisation also expects Nigeria’s economic growth to further slow down to 2.7 percent in 2026, owing to lower oil prices.
FG HALTS IMPORT WAIVERS FOR THREADED PIPES IN OIL AND GAS SECTOR
The federal government has banned the issuing of tax waivers for imported threaded pipes into the Nigerian oil and gas industry.
Heineken Lokpobiri, minister of state for petroleum resources (oil), gave the directive to the Nigerian Content Development and Monitoring Board (NCDMB) at the commissioning of Monarch Alloys Limited’s concrete weight coating plant in Lagos on April 24.
The plant has an annual external coating capacity of two million square meters and an internal square meters coating capacity of one million square meters.
NIGERIA IN TALKS WITH JP MORGAN TO RE-ENTER BOND INDEX
Patience Oniha, the director-general of the Debt Management Office (DMO), says Nigeria is in talks with J.P. Morgan to be admitted back into its government bond index for emerging markets.
Oniha spoke briefly on April 22 during the Nigerian Investor Forum, held on the sidelines of the International Monetary Fund (IMF) and World Bank spring meetings in Washington D.C, the United States.
J.P. Morgan, in 2022, removed Nigeria from the list of emerging market sovereign recommendations that investors should be ‘overweight’ in.
The development reportedly followed the country’s inability to capitalise on high oil prices.
NDIC BEGINS PAYMENT OF N46BN TO HERITAGE BANK DEPOSITORS
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the payment of N46.6 billion from liquidation dividends to depositors of the defunct Heritage Bank.
Hawwau Gambo, acting head of communication and public affairs at the corporation, announced in a statement on Sunday.
Gambo said the funds, being released to depositors with over N5 million deposits, are from the sale of Heritage Bank’s assets and the recovery of debts owed to the institution.
‘FORENSIC AUDIT OF NNPC UNDERWAY’
Wale Edun, the minister of finance and coordinating minister of the economy, says a forensic audit of the Nigerian National Petroleum Company (NNPC) Limited is afoot.
Edun spoke on April 22 during the Nigerian Investor Forum, held on the sidelines of the International Monetary Fund (IMF) and World Bank spring meetings in Washington D.C, United States.
Addressing a group of investors drawn from renowned global financial institutions, including J.P. Morgan, the minister outlined critical reforms the federal government has implemented to reset the economy and restore confidence.
‘NIGERIA’S PETROL STILL PROFITABLE TO SMUGGLE DESPITE SUBSIDY REMOVAL’
The Nigeria Customs Service (NCS) says cross-border petrol smuggling persists in Nigeria despite the subsidy removal due to the difference in prices in Nigeria and neighbouring countries.
Speaking during a press briefing in Abuja on April 22, Adewale Adeniyi, comptroller-general (CG) of customs, said smuggling of petrol is still a profitable business for smugglers.
According to the CG, there has been a reduction in the pump price of petrol in Nigeria recently, ranging from N850 per litre to N900 per litre.
However, Adeniyi said the product is sold at higher prices in neighbouring countries.
[TheCable]
Following the gale of defections sweeping through the ranks and strongholds of the country’s leading opposition party, the Peoples Democratic Party, the National Working Committee of the PDP has scheduled a meeting for Tuesday to address the wave of defections and other internal crises that have plagued the party over the past years, The PUNCH reports.
The storm had been long speculated before the dramatic defection of the PDP’s former vice presidential candidate, Ifeanyi Okowa; the Delta State Governor, Sheriff Oborevwori and the entire PDP party structure in Delta, one of the former ruling party’s strongholds.
Delta Deputy Governor Monday Onyeme, state commissioners, local government chairmen, and the state’s grassroots machinery all moved en bloc to the APC after a closed-door meeting in Asaba last week following ‘Hurricane Tinubu’, which had swept the PDP apart, with the opposition claiming the country was drifting towards a one-party state.
The party is facing one of its most difficult times since its formation in 1998. Having lost several members in the federal parliament, the latest being Oluwole Oke, a five-time member of the House of Representatives from Osun State, more defections, as being touted, would place the party at a competitive disadvantage with the ruling APC, with less than two years to the 2027 general election.
Meanwhile, Senator Samuel Anyanwu, recently reaffirmed as National Secretary by the Supreme Court, has vowed to attend the meeting despite the stance of the Bauchi State Governor, Bala Mohammed led PDP Governors Forum.
A high-ranking source, who spoke on condition of anonymity due to lack of authorisation to comment on the matter, confirmed to The PUNCH that the NWC meeting will address the defection of party members to the All Progressives Congress and explore ways to prevent further defections.
The PDP has faced persistent internal strife both before and after the 2023 elections, leading to increasing instability and divisions across the party.
Acting National Chairman Umar Damagum has faced intense criticisms since taking over from Iyorchia Ayu.
The crisis has disrupted operations at all levels, with most state chapters in disarray and zonal structures—particularly in the South-South—severely weakened.
Conflicts over the position of National Secretary have further split the National Working Committee, leaving it largely ineffective.
Additionally, the terms of many Board of Trustees members have lapsed without replacements, and the few remaining are split into opposing camps.
Amid the ongoing turmoil, a previous exclusive report by The PUNCH on February 18 disclosed that over 300 PDP members switched to the APC between February 2024 and February 2025, mainly due to internal conflicts at both state and national levels.
Likewise, the New Nigeria Peoples Party and the Labour Party have experienced major defections to the APC, with internal disputes being a common reason.
Most recently, on April 23rd, Delta State Governor Sheriff Oborevwori, his predecessor and PDP’s 2023 vice presidential candidate Ifeanyi Okowa, and all party members in the state officially joined the APC.
NWC meeting
Setonji Koshoedo, the acting Secretary appointed by PDP Governors, confirmed that the National Working Committee meeting will take place in Abuja on Tuesday.
Recall that the Supreme Court ruling on March 21 overturned Anyanwu’s removal, affirming that internal party disputes are not for judicial intervention.
In response to the ruling on April 14, the PDP Governors urged the South East Zone to propose a nominee for the position and announced Koshoedo as acting National Secretary.
Koshoedo in an invitation to NWC members, exclusively obtained by our correspondent, disclosed that the meeting is scheduled for 12 noon.
The notification stated “Based on popular demand and wide consultation, I have been directed to call for an NWC Meeting as detailed below:
“Date: Tuesday, April 29th, 2025, Venue: National Working Committee (NWC) Hall, Wadata Plaza, PDP National Secretariat, Abuja. Time: 12 Noon Prompt.
“All members of NWC and Cabinet Secretaries should pls note.”
In an exclusive interview with The PUNCH, a source, who is an NWC member, stated that the party leadership is concerned about the current state of the PDP.
He stated “There is nothing the PDP can do to stop those who want to leave. Most of them defect for personal reasons, and some leave because they have issues with anti-corruption agencies. What reason did the Delta State Governor and others give? After all the PDP did for them, they still dumped the party. So obviously, it is difficult stop those who are determined to defect—unless you have the power to fulfill their desires or shield them from anti-graft agencies targeting them or their allies. But we will keep doing our best.
“The National Working Committee is scheduled to meet on Tuesday to address a range of critical issues affecting the party. During the meeting, we will discuss the ongoing defections, the upcoming Congresses, the forthcoming National Executive Committee meeting, and the National Elective Convention, as well as consider the recommendations put forward by the Governors Forum.
“At this meeting, we will carefully review these matters and devise proactive strategies aimed at strengthening and repositioning the PDP in preparation for future elections.”
Anyanwu also confirmed the meeting and pledged to attend as the party’s National Secretary.
In an exclusive interview with The PUNCH, Anyanwu urged the remaining party members to stay dedicated to strengthening and uniting the party.
He stated “I am aware of the meeting, and I will attend. The Governors Forum’s recommendations are part of the crisis. So, I will attend the meeting and see. We will do our best to ensure that peace reigns in the PDP and that the party is preserved.”
Anyanwu urged PDP members nationwide not to be discouraged by the party’s current challenges, assuring them that all issues will be resolved soon.
“It is time for peace. We have to bring the party together. Everyone must forget about their interests; we must ensure that the PDP is peaceful, united, and progressing before talking about individual interests.
“Defection or no defection, the rest of us must work to unite and reposition the party.”
Meanwhile, PDP NEC members, including Deputy National Youth Leader Timothy Osadolor and former Deputy National Publicity Secretary Diran Odeyemi called on party leaders to align their actions with their words.
They emphasised that broader consultations and reconciliation efforts would help restore confidence among party members nationwide.
In an exclusive interview with our correspondent, Osadolor urged the party leadership to come down from their high positions.
He said, “If there are questions or criticisms about the management style of the party leadership, we should counter them with solutions.
“We have to propose the solutions to the party leadership so that the party itself can self-reform and provide the necessary leadership. There is no perfect organisation or institution on earth. For those saying the NWC, currently led by Damagun, is not performing at its best, I wonder what they want.
“Ambassador Ilya Damagun has preached peace, reconciliation, harmony, and unity within the party. I don’t know if they expect him to go to a market and buy gum to bring the party together.
“The truth is that everyone involved has come down from their high positions to explore ways to advance the party’s interests in a manner that makes the PDP attractive and ready to win future elections.
“To achieve this, all party leaders—whether Governors, NWC members, BoT members, or others—must match their words with actions.”
To stop defections, Osadolor suggested amending Nigerian laws to prevent elected officials from leaving the political platform through which they were elected to join another.
Also, Odeyemi expressed regret that the divisions within all levels of the party contributed to the wave of defections affecting it.
In an interview with our correspondent, the former Deputy National Publicity Secretary urged all party leaders to move beyond just issuing press statements.
He stated “For me, the governors and all organs of the party should go beyond just issuing a press statement. It should focus on tackling the party’s issues.
“If possible, they should put aside their egos and individual differences, and sit down to properly diagnose the problems and move forward. The governors remain the only stakeholders who can design a system or strategy to get the party back on track.
“The NWC, as we know, is polarized. The NEC has not been able to meet. Various dates for the NEC meeting have been proposed but have never worked. This is demoralizing the entire membership of the party nationwide, especially the governors. Some of them are even rumored to be defecting.
“The Governors silence is not helping the party. They need to be more proactive and concerned about the party, not just national affairs. Only when you have peace within your home can you focus on what is happening outside.”
APC welcomes Oborevwori
In a related development, The PUNCH has exclusively learned that Imo State Governor Hope Uzodinma and the National Chairman of the All Progressives Congress, Abdullahi Ganduje, will lead other party officials, ministers, and others in welcoming Okowa, Oborevwori, and other defectors into the ruling party.
The source revealed that the defectors will be officially welcomed into the party in Asaba, Delta State, on Monday (today).
Confirming this, APC Publicity Director Bala Ibrahim stated that all arrangements have been finalised to welcome the defectors into the party.
Ibrahim, in an exclusive interview with The PUNCH, stated, “APC governors, the National Chairman, and some key members of the National Working Committee will be there to welcome them into our party.
“This doesn’t mean that other activities of the party will stand still because of the reception; everything will happen in Delta State, and the party’s National Headquarters will remain operational in Abuja.”
More so, the APC Deputy National Chairman South, Emma Eneukwu, called Delta State Governor’s defection a significant boost, sending positive signals nationwide.
In a letter to the governor, he welcomed the move, noting it strengthens the link between Delta and the Federal Government, bringing more benefits to the people.
The letter read in part, “I write on behalf of the entire Southern chapter of the All Progressives Congress APC, to welcome you to the large and vibrant family of the party and to pledge our commitment to working with you for the benefit of our zone and our nation in general.
“We have watched and followed your outstanding performance and your kind of politics long before you even became be Governor of Delta State. You have been loyal, dependable, goal getter and a complete gentleman.
“Your joining our party is therefore a major booster to the APC which has room for all and is eager to welcome everyone for us to build the Nigerian dream together.
“We in the APC have never pretended that Nigeria has reached an Eldorado under our watch, but we are very convinced that nation building is a gradual process that requires men and women of good heart and conscience to achieve.”
Eneukwu praised Governor Oborevwori for his infrastructure achievements in Delta State and expressed joy that he, along with his cabinet and key political leaders, joined the APC.
It added “We have no doubt that you will bring your wealth of experience to bear as you contribute more to the centre in terms of robust ideas and strategic engagements as exemplified by the solid infrastructural revolution you have embarked upon since you assume office as Governor of Delta state.
“We are excited that within the short time you have been Governor, you have shown utmost impact and distinction. So we see your coming into our party as a massive political asset and boost.
“To demonstrate your leadership capacity and influence, you did not only come into the APC but you came with all those who matter in Delta politics, your State Executive Council and your entire political structure. By this act we are gladdened that APC is now firmly in control of the entire Delta state and would clinch all posts in any election. What a feat! We thank you and we are proud of your efforts”
“We also use his medium to welcome former Governor Ifeanyi Okowa, your predecessor who also declared for the APC and extend our right hand of fellowship to him.
Presidency reacts
The Presidency on Sunday said the recent en masse defections of heavyweights from the PDP to the APC were of their free will and not coercion from President Bola Tinubu or his allies.
It denied accusations of a one-party state, insisting that democracy was not under threat or undermined “simply because politicians exercise their rights of association.”
“Nigerians migrating to the APC and expressing support for Tinubu are doing so out of their free will, based on the belief that the reforms being executed are in the interest of Nigerians and the unborn generation,” Tinubu’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga, said in a statement Sunday.
The statement is titled ‘Democracy Strong and Alive in Nigeria.’
Onanuga’s rebuttal follows last Wednesday’s defection, the first time a sitting Delta governor had abandoned the PDP since 1999.
Delta’s wave of defection follows similar realignments in Rivers and Cross River, trimming the PDP’s governorship map to ten states and shaking a region once regarded as a fortress for the opposition.
Feelers from the APC identified Governors Umo Eno of Akwa Ibom, Peter Mbah of Enugu, Aba Yusuf of Kano and the suspended Governor Siminalayi Fubara of Rivers, as four new converts expected to join the party in the coming weeks.
The PDP, Labour Party, and NNPP are currently grappling with internal crises compounded by defections to the APC, which has left their parties in disarray.
Some politicians say the crises are being sponsored to weaken the opposition ahead of 2027, a claim the Presidency denied.
“The opposition cannot blame President Tinubu and the governing APC for their poor organisation, indiscipline, and gross incompetence in managing their affairs,” it said on Sunday.
“While the opposition elements are understandably heartbroken and disillusioned over the failure of their fabled grand coalition to gain traction, we find it disturbing that they resorted to peddling false allegations of the promotion of a one-party State against President Bola Tinubu, who is working very hard to reverse decades of economic mismanagement of our country.
“Contrary to the false claims in the sponsored propaganda materials in circulation across mainstream and social media, democracy is not under any threat in Nigeria. Accusations that the administration is moving towards authoritarianism are baseless and exaggerated.
“We must add that no policy, official action, or directive from the Presidency seeks to ‘dismantle democracy’ or ‘weaken opposition or create a one-party state,’” Onanuga added.
The Presidency said accusations of bribery, blackmail, and the weaponisation of state institutions “only exist in the idle minds” of politicians and their agents “who have failed in their assigned duty of opposition.”
“It is certainly not part of President Tinubu’s job to organise or strengthen opposition parties,” it insisted.
It questioned the moral stance of those who celebrated the defection of the former Governor of Kaduna State, Nasir El-Rufai, to the Social Democratic Party and the formation of a regional grand coalition with the sole aim of defeating President Tinubu in the 2027 election but are “shedding crocodile tears” over Nigeria’s so-called drift to a one-party state and authoritarianism.
It argued that while the “defenders of democracy” raised no anxious voice against the disgruntled politicians cobbling an anti-Tinubu, anti-APC coalition along dangerous regional lines, even before INEC blows the whistle for party politicking, they are quick to ascribe the political shifts in some states to “bribery, blackmail, and coercion” without any shred of evidence.
“Without any equivocation, freedom of association, freedom of speech and freedom of choice are part of the cherished ideals of democracy. When politicians and citizens can not freely join any association or political party of their choice or cannot openly express their views, democracy is imperiled.
“Those opposed to the Tinubu administration should understand that they can issue diatribes, without fear, against the government because we practice democracy.
“It is hypocrisy writ large when opposition politicians and their collaborators in the ‘human rights’ movement desire that the party of the President should implode so they can gain electoral advantage and cry wolf when their wish does not materialize,” the President said.
It also described as “a gross disservice to democracy” by its accusers to delegitimise the political choices of some Nigerians while upholding the choices of others to form a coalition against Tinubu and APC.
Onanuga opined that under President Tinubu, democracy is strong, and the multiparty democratic system will continue to flourish unhindered.
“His administration remains resolutely committed to upholding and strengthening the democratic foundations upon which our Fourth Republic has stood since 1999. Politicians changing party affiliation are not new or peculiar to Nigeria.
“In more advanced democracies, there are ready examples of notable politicians, statesmen and women who changed their parties,” he added.
The Presidential aide said Tinubu and the APC’s National Working Committee, led by Dr. Abdullahi Ganduje, deserve commendation for making the governing party viable and attractive to Nigerians willing to participate in the democratic process.
“President Tinubu is an avowed democrat and a firm believer in multiparty democracy. His political activism and democratic credentials in galvanising and strengthening opposition platforms as a force that defeated a sitting President and the then ruling party attest to his profound credibility as a tested and relentless defender of multiparty democracy.
“We urge all Nigerians to join hands with the administration in protecting our democracy by respecting their choices and giving a wide berth to peddlers of alarming narratives rooted in fiction,” the statement concluded.
Akwa Ibom jigsaw
Meanwhile, all is not well with the PDP in Akwa Ibom State following the alleged planned defection of Governor Umo Eno to the APC.
The governor, elected on the platform of the PDP, recently declared his readiness to support the 2027 re-election bid of President Tinubu.
Widely seen as one of the PDP governors plotting his exit from the party to join the APC in the weeks ahead, things are not panning out seamlessly for the Akwa Ibom governor as planned.
The PUNCH gathered exclusively that Eno’s quest to exit the PDP has not received the backing of his predecessor, Udom Emmanuel, who is said to have told close sources that his loyalty to the PDP remained unshaken.
Our correspondent reliably gathered that though Eno was to quickly follow on the heels of his Delta counterpart, Oborevwori, the unwillingness of Emmanuel to jump ship is making things difficult for him.
A source, who spoke on condition of anonymity because of the issue’s sensitive nature, told our correspondent that the different posture between the two Akwa Ibom leaders has left the state chapter of the PDP in disarray.
He said, “Gov Eno has made up his mind to leave the PDP, but the challenge before him is that the man who brought him to power, Udom Emmanuel, is not ready to leave the PDP. Emmanuel is aware of the insults and backlash directed at his former colleague, Dr Ifeanyi Okowa, when he led Governor Oborevwori and the PDP state structure to APC on Wednesday.
“It was Okowa who sold the idea of defection to Sheriff because, whether you like it or not, Okowa, for now, holds the key to that structure in Delta State. But in the case of Akwa Ibom, it’s Eno who is seeking the help of Emmanuel to make this move; Emmanuel is not convinced, leaving the governor in a state of confusion. This is the current dilemma Eno has found himself in.”
Asked if Eno was likely to defect to the APC without the support of his predecessor, the source added, “At the moment, Eno cannot boast of more than a few state lawmakers and maybe one or two federal lawmakers on his side. As I said, the structure is with the ex-governor. What would his sole defection do for him? Things were easier in Delta State because the owner of the structure engineered the move to the APC. In Akwa Ibom, it is the governor who is desperate to move. Unfortunately, he does not have the machinery to enable him to call the shots as it were.”
Meanwhile, Osadolor lauded the ex-Akwa governor for his principled stand on quitting the PDP, saying, “His resolve not to be distracted shows his strength of character. We are proud of him.”
The PDP Deputy National Youth Leader dismissed claims that some governors elected on the platform of the party were not in charge of their respective state structures.
“It is strange to hear this because by our convention the governor is the leader of the party at the state level. If, after handing over the party structures to them, they turned back and gave them to their predecessors, that is their business. All we know is that the Delta governor ought to be in charge of the PDP in his state, while Eno should similarly be in charge in Akwa Ibom. If indeed they handed over control to their predecessors, perhaps it is their style and they should accept the responsibility that comes with this.”
[Punch]