Economy
INEC Receives 110 Applications From Associations For Political Party Registration
INEC Receives 110 Applications From Associations For Political Party Registration
INEC receives 110 applications from associations for political party registration. The Independent National Electoral Commission (INEC) says it has received letters of intent from 110 associations that want to register as political parties.
Mahmood Yakubu, INEC chairman, spoke on Wednesday at a meeting with the media at the commission’s headquarters in Abuja.
Yakubu said one of the topical issues on election administration in Nigeria today is the status of the letters of intent received from associations seeking registration as political parties.
He said there have been partisan insinuations in some quarters that INEC is addressing the matter in a manner that compromises its independence.
The chairman said “nothing can be further from the truth”, adding that the present commission registered the largest number of political parties in Nigeria, strictly following the provision of the electoral legal framework.
“Nigerians may recall that the same unfounded accusation was made under similar circumstances in 2013 that the commission was not keen on the proposed merger of political parties because INEC had ‘merged with the ruling party at the time’,” he said.
“For the 2019 General Election, there were 91 political parties and 73 presidential candidates. The Commission was criticised in some quarters for registering too many political parties. After the election, the Commission also deregistered over 70 political parties as provided by law.
“We wish to reassure Nigerians that under the current situation, we will continue to be guided by law and act fairly to all associations seeking registration as political parties.
“We will treat all requests fairly, irrespective of the status of their promoters, be they ordinary or prominent citizens. Nigerians will be fully briefed on the actions taken by the Commission every step of the way.
“As of Monday, 23rd June 2025, the commission has received letters of intent from 110 associations that wish to register as political parties. We are diligently processing the requests in line with the procedure outlined in the law as well as our Regulations and Guidelines.
“We have acknowledged all requests received so far except six of them received recently which will be done before the end of the week.”

INEC
Yakubu said those interested in registering new political parties should refer to the handbook containing the regulations and guidelines for political parties 2022 on the commission’s website.
“Meanwhile, the commission is today releasing the full list of the 110 associations seeking registration as political parties indicating their proposed names, acronyms, addresses and the names of their protem chairmen and secretaries.
“For transparency and public information, the list will be uploaded to our website and social media platforms.”
Some of the proposed political parties include Key of Freedom Party, Progressive Obedients Party, National Youth Alliance, Peoples Democratic Congress, All Democratic Alliance, and Advanced Democratic Alliance.
Economy
Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition
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
“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.
Crime
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
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
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
Economy
Access Bank Gets New Board Chair Ifeyinwa Osime
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.

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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