Economy
Youths Protest Outrageous Electricity Bills In Kwara Community
Youths Protest Outrageous Electricity Bills In Kwara Community
Youths protest outrageous electricity bills in Kwara Community . He said the issue of electricity regulation was the sole responsibility of the National Electricity Regulation Commission (NERC).
The youths in Omu-Aran, Irepodun Local Government Area of Kwara on Friday, protested against outrageous billing by the Ibadan Electricity Distribution Company (IBEDC).
They also alleged sudden movement of the community’s electricity billing regime from Band C to Band A, leading to outrageous bills for the month of March.
The protesters gathered at Bareke roundabout in the metropolis as early as 8:00 a.m. carrying placards with various inscriptions amidst dancing and singing.
Some of the inscriptions on the placards read: ‘Omu-Aran Say No to Band A’, ‘Mr Badmus Must Go’, ‘Bring us Back to Band C’, ‘Revert Omu-Aran to Band C’, ‘Omu-Aran Youths Have Spoken Loudly’, among others.
They accused the IBEDC business manager in the district, A.O. Badmus of orchestrating the movement of the community’s billing from Band C to Band A, resulting in the crazy bills for the period under review.
According to the youth, the community is presently facing challenges of electricity supply which needed to be resolved before the sudden movement to Band A.
The current charges on some of the electricity bills for March sighted by journalists during the protest, range from N41,000 to N47,000 as against the old rate of between N10,000 and N15,000.
The protest took the youth to major streets in the community such as the Olomu market, Latinwo market Area, Olomu palace and the Ibadan Electricity Distribution Company (IBEDC)’s District office located inside Omu-Aran City Complex.
The protest also resulted in traffic gridlock on major roads in the community. A statement of demands by the youth signed by the president Omu-Aran Development Association, Niyi Adeyeye and Ranti Adebayo, secretary, included non-replacement of faulty transformers leading to inconsistent electricity supply in some key areas of the community.
Others are; reversion of the billing from Band A to the previous Band C, and improvement of electricity supply, suspension of Band A billings and review of the current charges to reflect the old billing regime, among others.

Youths Protest Outrageous Electricity Bills
Receiving the protesters in his palace in Omu-Aran, the Olomu of Omu-Aran, Oba Abdulraheem Adeoti, urged them to be calm, saying that the community leaders were discussing with IBEDC officials to address the issues.
The IBEDC, Kwara State communication officer, Gbenga Ajiboye, in his reactions, said the issue of electricity regulation was the sole responsibility of the National Electricity Regulation Commission (NERC).
He maintained that electricity consumers enjoying 20 hours of supply are regulated by NERC to be on Band A in which Omu-Aran community is categorised presently.
Mr Ajiboye described the development as a business issue between buyers and sellers, noting that high level discussions were ongoing to resolve the issue amicably.
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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