Headline

Osinbajo Stops Distribution of Trader Moni

Published

7 years ago

March 21, 2019

Editor

Vice-President Yemi Osinbajo has halted his visits to markets nationwide to promote the Trader Moni scheme, according to The Punch

Osinbajo, it was learnt, has not toured any state to promote Trader Moni in the last one month.

However, checks by The PUNCH showed that the programme was still on.

Trader Moni is an initiative of the Federal Government, through Bank of Industry and Government Enterprise and Empowerment Programme.

The programme is part of the Federal Government social intervention aimed at funding micro business in the country through soft loans beginning from N10, 000.

The programme was launched in August while the Vice-President began his tour in Osun State on September 3, 2018, barely three weeks to the Osun State governorship election.

At the first tour, Osinbajo was accompanied to Iwo Market by the Governor of Osun State, Rauf Aregbesola; Dep. Governor of Osun State, Mrs Titilayo Laoye-Tomori; Oluwo of Iwo, Oba Abdulrasheed Akanbi; and other government officials.

The exercise was immediately branded as voter inducement because of its timing.

The Vice-President further took the tour to Lagos markets in company with the then All Progressives Congress governorship candidate, Babajide Sanwo-Olu, Governor Akinwunmi Ambode, and other APC stalwarts.

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

17 hours ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

17 hours ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

Headline

Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

Published

1 day ago

December 17, 2025

Eric

The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.