Economy
China Strengthens Commitment To Africa’s Development
China Strengthens Commitment To Africa’s Development
China strengthens commitment to Africa’s development. China will remain committed to strengthening cooperation with Africa in the face of global instability.
The consul general of China in Lagos, Yan Yuqing, says China will remain committed to strengthening cooperation with Africa in the face of global instability.
Ms Yuqing stated this on Monday in Lagos at a reception to commemorate the 76th anniversary of the founding of China and the 65th independence anniversary of Nigeria.
She reaffirmed China’s African policy anchored on sincerity, real results, amity and good faith, as well as the pursuit of the greater good and shared interests.
The envoy said China would continue to deepen practical cooperation, strengthen strategic coordination, jointly address global challenges and make greater contributions to the development of the global South.
Ms Yuqing commended members of the Chinese community within her consular district for their role in advancing China-Nigeria friendship through investments, job creation and cultural exchanges.
“With the vigorous promotion of the Chinese Consulate General in Lagos, local exchanges, economic and trade cooperation and people-to-people engagements have become increasingly vibrant.
“In collaboration with Chinese enterprises and academic communities, we have continued to advance the ‘Renewed Hope, Rebirth from the Light’ public welfare initiative. This initiative reflects China’s contribution to Nigeria’s poverty alleviation and hunger eradication efforts,” she said.
She explained that the consulate was guided by the principle of “diplomacy for the people”, working closely with Nigerian authorities to safeguard the legitimate rights and interests of Chinese citizens and institutions in the country.
The consul general also expressed hope for greater cultural exchanges, saying, “We look forward to more Nigerian friends learning about China, visiting China and falling in love with China.”
Also speaking, Deputy Governor Obafemi Hamzat congratulated the president and people of China on the occasion.
Mr Hamzat said that Lagos cherished its long-standing relationship with China, which had produced partnerships across key sectors such as infrastructure, manufacturing, technology and trade.
According to him, these collaborations have contributed significantly to building a resilient and competitive Lagos.
He recalled joint ventures between Chinese investors and the Lagos government, noting that such initiatives had generated jobs, fostered industrial growth and strengthened cultural and economic ties between both sides.
Mr Hamzat said the state looked forward to expanding cooperation in areas such as green energy, smart city development, capacity building and cultural exchanges to promote sustainable development.
The deputy governor emphasised that Lagos drew inspiration from China’s remarkable transformation and would continue to nurture mutual respect and shared prosperity in its dealings with China.

Nigeria, China
The speaker of the Lagos State House of Assembly, Mudashiru Obasa, commended China’s leadership role in maintaining global peace.
Mr Obasa said that China had been able to maintain peace by consistently advocating sovereign international conflict resolution through peaceful methods such as negotiations, consultations and dialogue rather than military intervention.
He urged the government of China to continue its efforts toward ensuring the world becomes a more habitable and peaceful place for all.
Also, Jafaru Yakubu, chairman of the House of Representatives Committee on China-Nigeria Relations, expressed the 10th assembly’s commitment to strengthening China-Nigeria ties.
He said this would be achieved through sustained legislative support, parliamentary diplomacy and policy innovation.
“Let us continue to draw strength from our diversity, wisdom from our shared experiences, and hope from our common aspirations,” he said.
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.
-
Crime9 months agoKogi Assembly Considers Law To Regulate Rent, Establish Control Board: Tenancy Law
-
News10 months agoAtiku Reveals Why He Failed To Pick Wike As Running Mate In 2023
-
Crime12 months agoFederal High Court Jails 2 For Vandalizing Transformer, Telecom Mast In Kogi
-
Akwa Ibom1 year agoThe Apostolic Church Gets New Territorial Chairman, Exco
-
News12 months agoThe Apostolic Church Gets New National President, Executive
-
Akwa Ibom1 year agoUmo Eno Commences Payment Of 80,000 Naira Minimum Wage With Arrears
-
News11 months agoSenator Natasha Returns To Senate With Husband Amid Seat Dispute
-
Economy9 months agoKiyosaki: Is Tinubu’s Government Afraid Of Ibrahim Traore?
