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Economy

Enugu Governor Mbah Signs N1.6tn 2026 Budget Into Law

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Governor Mbah Moves Girl Rescued From Ritualist

Enugu Governor Mbah Signs N1.6tn 2026 Budget Into Law

Enugu Governor Mbah signs N1.6tn 2026 budget into law. According to him, the 2026 budget was built on the philosophies of inclusivity, accountability and transparency.

Governor  Peter Mbah of Enugu has signed the Enugu State 2026 appropriation bill into Law, restating his administration’s resolve to redouble the transformations recorded across every sector.

Signing the budget into law at the Executive Chamber, Government House, Enugu, on Wednesday, Mr Mbah thanked members of the Enugu State House of Assembly for their diligent and expedited consideration of the budget.

The governor promised to immediately commence implementation of the Appropriation Law tagged “Budget of Renewed Momentum.”

According to him, the 2026 budget was built on the philosophies of inclusivity, accountability, transparency, traceability, and strong institutions that assures that there is value for every kobo spent.

He maintained that the projected N870 billion internally generated revenue (IGR) target was realisable, saying it only required discipline, creativity, and hard work.

Mr Mbah also cited the administration’s turnaround of the state’s IGR from below N30 billion it met in 2023 to over N180 billion in 2024 and N400 billion in 2025.
“We will be ending this year 2025 with an IGR of N400 billion, which is more than 83 per cent of our projected domestic revenue or IGR of N507 billion for this year.
“However, we are confident that we are not only going to achieve over N800 billion revenue for next year, but we are also even going to overshoot it.

“We believe that with the unlocking of the different streams of economic potentials in Enugu State, we will realise our domestic revenue projection,” he explained. He added that his dream was to make the state’s FAAC allocations a saving for the future.

“If you also look at the ratio to our expected Federal Allocation, it would be barely 27 to 28 per cent. It means that if we stay the course and realise this projected revenue for 2026, we can effectively govern Enugu State without recourse to our FAAC allocation.

“FAAC allocation becomes something we may just save for our children and for the rainy days,” he stated.
The governor, however, emphasised that the ambitious IGR projection could not be wished into existence, reminding appointees to perish the idea of yuletide holiday this year.

Governor Mbah Moves Girl Rescued From Ritualist

Governor Mbah

“We have projected an IGR of over N800bn. It translates to generating over N70 billion every month. And if you push further, it translates to over N18 billion every week.
“Again, if you drill down even further, it means we have to make over N2.5 billion every day.

“It is something we have to work extremely hard to realise. So, we do not have the luxury of wasting even one day, because it will be our billions that are being wasted.

“We feel the weight of the expectations on our shoulders and we are committed to it. We are going to suspend Christmas for this year to ensure that we secure the future of our children,” he concluded.
In his remark, the Speaker of the Enugu State House of Assembly, Uchenna Ugwu, said that Mbah’s involvement of the legislature right from the budget formation made its consideration seamless and people-centric.

“Therefore, Enugu people should expect numerous and earthshaking projects like the roads, the 135.5 rail project, 14 more aircraft, more transport terminals, Smart Secondary Schools, completion of the 260 Farm Estates, among others in 2026,” he added.

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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