Economy
Vice-President Shettima Inaugurates Power Project At Borno University
Vice-President Shettima Inaugurates Power Project At Borno University
Vice-President Shettima inaugurates power project at Borno university. The vice-president said that the project would impact positively on the lives of the people of the university.
Vice-President Kashim Shettima, on Sunday, inaugurated a national integrated power project at the Borno State University, Maiduguri.
The power project was executed by the Niger Delta Power Holding Company Ltd. (NDPHC).
The project included a 1X7.5MVA, 33/11KV injection substation, 3km of 33KV line, 2.5km of 11KV line, 2.5km of LT line, and 3 nos. 500KVA distribution transformers.
The project, implemented under the distribution intervention projects, will significantly improve electricity supply to the university and surrounding communities.
Mr Shettima said the project aligned with the Renewed Hope Agenda of President Bola Tinubu administration’s vision to enhance infrastructure development and boost economic activities across the country.
The vice-president said that the project would impact positively on the lives of the people of the university and environs, saying, “power is life, life is power.”
On his part, Gov. Babagana Zulum of Borno said “the challenge of low voltage is really affecting access to power supply and we are glad to have 7.5MVA injected substation in Borno.
“Indeed, this will increase the quality of power supply to Maiduguri metropolis and the environs.
”This substation will ensure quality of power supply to the Borno State University, our own Teaching Hospital which is under construction and indeed to many communities in Borno.
” We remain grateful to the NDPHC for all the support that they have been rendering towards ensuring affordable and quality energy supply to the citizens of Nigeria,” Mr Zulum said.
The managing director, NDPHC, Jennifer Adighije, said the project was an affirmation of the company’s commitment to supporting Mr Tinubu’s Renewed Hope Agenda.
Ms Adighije added that the project would support the Borno State government to attain universal access to electricity.
”This is the second distribution project that will be inaugurated in Borno and we expect two more before the end of the year.
“This is in line with our mandate, to scale power generation with the associated transmission and distribution network infrastructure, to ensure and attain access to quality, reliable and uninterruptible electricity to the last mile,” she said.

Vice-President Shettima Inaugurates Power Project
Similarly, the managing director, Yola Electricity Distribution Company (YEDC), Abdulrahman Isa, said the project would impact the university, accommodate its expansion, and improve the voltage profile and the availability.
He added that it would also impact the immediate community outside the university, including the 500 housing unit estate up to Auno and Benisheik.
Responding, the Vice Chancellor of the university, Babagana Gutti, thanked Messrs Tinubu and Shettima, the Borno State government and the NDPHC for locating the project in the institution.
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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