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Economy

Arewa Group Backs Finance Minister Edun, Hails Tinubu’s Economic Reforms

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Arewa forum

Arewa Group Backs Finance Minister Edun, Hails Tinubu’s Economic Reforms

Arewa group backs finance minister Edun, hails Tinubu’s economic reforms. “AAYG stands firmly behind the economic direction of the Tinubu administration and the competent management of the economy by Chief Wale Edun,” Mr Ladugga stated.

The Amalgamated Arewa Youth Group has commended President Bola Tinubu for the economic reforms introduced by his administration, describing them as deliberate and strategic steps towards national economic recovery.

The group, which comprises youth organisations across the 19 northern states, the Federal Capital Territory, and the Northern diaspora, also passed a vote of confidence in finance minister Wale Edun.

In a statement issued on Monday, signed by its convener, Abdul Ladduga, the group stated that recent economic indicators showed that the reforms were beginning to yield tangible results.

Mr Ladduga said the attainment of the federal government’s 2025 revenue target by August was a significant milestone, which he attributed to improved performance in the non-oil sector.

According to him, the development is a reflection of a stabilising and increasingly predictable economy, aligning with Mr Tinubu’s assertion that the country is moving in the right direction.

He said the elimination of what he described as a “corrupt forex regime” had created a level playing field for genuine investors and entrepreneurs and removed undue privileges formerly enjoyed through political connections.

“The current foreign exchange regime is a fundamental cleanse of the system. Nobody is trading papers anymore, and access to forex no longer depends on cronyism,” Mr Ladugga added.

The group expressed its support for the Renewed Hope Agenda, saying the current reforms were laying the groundwork for infrastructure development, healthcare improvements, food security, and enhanced national security.

The AAYG described  Mr Edun as the architect and diligent executor of the reforms, citing his technical competence and fiscal discipline as instrumental to the economic transition currently underway.

“Chief Edun’s stewardship is proving that leadership grounded in expertise and integrity can deliver tangible results for the nation,” Mr Ladugga said.

The group condemned calls for Mr Edun’s removal, describing such demands as “premature, politically motivated, and a threat to national interest”.

Arewa forum

Arewa forum

According to the group, those calling for the minister’s resignation are beneficiaries of the past economic order who feel threatened by transparency and accountability.

The group listed several reasons for rejecting such calls, including their political undertones, lack of factual basis, and potential to derail ongoing reforms.

It further alleged that former beneficiaries of the now-removed fuel subsidy were regrouping and sponsoring smear campaigns against government officials to force a reversal of the policy.

The group urged Nigerians to support the government’s efforts and remain patient, stating that the long-term benefits of the current economic direction would be felt by future generations.

“AAYG stands firmly behind the economic direction of the Tinubu administration and the competent management of the economy by Chief Wale Edun,” Mr Ladugga stated.

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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