Economy
Reps Issues Warning to Rivers Administrator over Conduct During Emergency Rule
Reps Issues Warning to Rivers Administrator over Conduct During Emergency Rule
Reps issues warning to Rivers Administrator over conduct during Emergency Rule. The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen has reminded the Sole Administrator of Rivers State, Rear Admiral Ibok-Ete Ekwe Ibas (Rtd.), of the limited and transitional nature of his mandate under the current state of emergency.
The Speaker delivered the remarks during the official inauguration of a 21-member ad hoc committee tasked with overseeing the administration of the state, where democratic structures have been suspended following a presidential declaration of emergency.
While outlining the purpose of the committee, Speaker Abbas stated that its function would be to “monitor the implementation of federal directives and policies in Rivers State, ensure that the caretaker administration adheres to the law, and protect the public interest while facilitating the re-establishment of full democratic governance.”
He stressed that the administrator’s actions must align strictly with constitutional provisions and that transparency and accountability are non-negotiable. “The Administrator is required to operate with the highest levels of transparency and accountability, reporting directly to the National Assembly on all matters that pertain to the peace, order and good government of the State as prescribed by the Constitution,” he said.
The Speaker’s address came in the wake of mounting national attention following the March 18 proclamation by President Bola Ahmed Tinubu declaring a six-month state of emergency in Rivers State. The move came amid an escalating political crisis, with the suspension of Governor Siminalayi Fubara and the dissolution of the state’s House of Assembly.
Reminding the public of the President’s proclamation, Abbas said: “On 18 March 2025, the President and Commander-in-Chief, President Bola Ahmed Tinubu, GCFR, declared a six-month State of Emergency in Rivers State. This decisive action was taken out of genuine patriotism and a deep concern for the security and welfare of both the people of Rivers State and our country as a whole.”
He added that the action was firmly rooted in constitutional authority: “His declaration was based on the provisions of Section 305 of the Constitution.”
He compared the development with past interventions in Plateau (2004), Ekiti (2006), and the northeast region in 2013.
“The state of emergency in Rivers State has generated widespread interest across the nation, and the eyes of all Nigerians are upon us.”
“Therefore, the task before this Committee is not routine; it is a mission of national significance that will serve as a litmus test for our commitment to democratic principles and constitutional governance,” he added.
Speaker Abbas charged the committee to be vigilant in its duties, ensuring that public funds are spent judiciously and that the administrator remains within the confines of the law. “You have been entrusted with the heavy responsibility of justifying the confidence reposed in you by the entire nation,” he told the members. “In fulfilling your mandate, you must conduct your oversight in strict accordance with the Constitution and avoid all forms of partisanship or bias.”

Reps Issues Warning to Rivers
In what appeared to be a warning amid recent actions by the administrator, who has faced criticism for dissolving the appointments made by the suspended governor and allegedly favouring loyalists of former governor Nyesom Wike, Abbas reaffirmed the transitional nature of the caretaker administration: “It is paramount to note that the current administration in Rivers State is inherently temporary.”
“The National Assembly’s intervention in Rivers State is not an instrument of political vendetta but a constitutional necessity. It embodies our collective duty to safeguard peace, security, and the rule of law,” he said.
The Speaker then formally inaugurated the committee, led by Prof. Julius Ihonvbere as Chairman and Ali Isa J.C. as Deputy Chairman, alongside 19 other members.
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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