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Economy

Lagos Government Swears In 57 Council Heads, Warns Against Misuse Of LG Funds

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Sanwo-Olu Launches CAP

Lagos Government Swears In 57 Council Heads, Warns Against Misuse Of LG Funds

Lagos Government swears in 57 council heads, warns against misuse of LG funds. Babajide Sanwo-Olu, governor of Lagos, has sworn in the newly elected chairmen and vice-chairmen across the 20 LGAs and 37 local council development areas (LCDAs) of the state.
The swearing-in ceremony took place on Sunday at Lagos House in Ikeja.

The officials were elected during the local government elections held on July 12, 2025.

Speaking at the event, Sanwo-Olu said the newly elected council officials must prioritise service delivery and grassroots development.

He said local governments now have full autonomy and direct access to their funds, which means they must take full responsibility for results.
“Leadership is about service. Our people have placed their trust and their dreams in your hands,” he said.

“They want safer streets, better roads, functional health centres, thriving schools, clean markets, and real opportunities for our youth.

“Lagos is counting on you to bring real development to every street, every ward, and every community.

“We will support you, but we will also hold you to the highest standards. No excuses. Lagos deserves nothing less.”

Also speaking, Bolaji Robert, commissioner for local government, chieftaincy affairs and rural development, congratulated the elected LG heads.

He said their victories reflect the confidence the people have in their grassroots leadership and the credibility of the electoral process.

“Your victories at the polls are a testament to your grassroots appeal and the confidence the people have reposed in you,” he said.
“The credibility of your emergence, anchored on transparency and broad-based support, is what has culminated in the swearing-in exercise we are gathered here to witness today.”

Robert commended Sanwo-Olu for “entrenching democratic values” at the local level, noting that the peaceful and credible nature of the polls was a product of his leadership.

He also appreciated President Bola Tinubu, describing him as “the father of modern democracy in Nigeria”.

Sanwo-Olu Launches CAP

Sanwo-Olu

“We recognise and commend the father of modern democracy in Nigeria, the president of the Federal Republic of Nigeria, Asiwaju Bola Tinubu, for laying the visionary foundation that continues to guide the growth of democratic institutions in our dear state and nation,” he said.

Robert then formally presented the 57 elected chairmen and vice-chairmen to the governor for the swearing-in, in line with the constitution and the laws of Lagos state.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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