News
Glitches: FG mulls harmonised regulatory framework to boost financial inclusion
Amid glitches many Nigerians experience in online financial transactions, the Federal Government in conjunction with key stakeholders on Monday, engaged in a brainstorming session to birth harmonised regulatory framework.
Stakeholders drawn from the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, NDIC, the Chartered Institute of Bankers of Nigeria, CIBN, Lagos Business School, the Nigeria Financial Intelligence Unit, NFIU, the Nigeria Police Force, among others, all gathered at the Presidential Villa, Abuja to explore ways that could be beneficial in addressing glitches that has become a regular trend in the financial services sector.
They observed that many Nigerians are dissatisfied over government’s poor financial inclusion policies, noting that an harmonised system of addressing complaints may salvage the sector from losing public trust.
The meeting called at the instance of Nurudeen Zauro, Special Adviser to the President, on Economic and Financial Inclusion, noted that the government had developed plans to ease transactions, payments, savings, credit and insurance, as well as help people manage risks, build wealth and invest in businesses.
Zauro stated that the government is poised to pursue legislation to address the issue of consumer trust, if necessary.
With Financial Inclusion, individuals and businesses are expected to have access to and use affordable financial products and services that meet their needs, which are delivered in a responsible and sustainable way.
Over the years, however, Nigerians had issue with trust.
Zauro charged the stakeholders to “ build public trust” in the management of financial inclusion, set clear declaration on where customers can make necessary complaints and work on the regulatory spectrum to address the challenges in the national inclusion issue.
According to him, “ The People must trust and have confidence in the system, as well as evolve mechanisms on how people can seek redress for infractions”
He recalled how President Bola Tinubu had in 2024, issued an order to strengthen partnership, collaboration, commitment amongst the stakeholders, as well as recognition of the importance of financial institutions in the Nigerian economy.
“So what brings about this national framework for consumer trust? We believe that for people to come and be financially included, they have to build confidence and trust in the system”
He recalled that there have been issues around cyber security, 419, trusts and even lack of knowledge in terms of capacity building.
“So because of that, there’s a need for us to ensure that all the instrumentality of government are on board, they are doing their work in order to restore the trust of the last man, the poor and vulnerable Nigerian. That is why we started with the workshop with the entire stakeholders.
He disclosed that the stakeholders forum was the direct result of over one-year brainstorming sessions which harmonized the national consumer trust framework.
“ So we know a lot of agencies that are doing good things, like the Central Bank, they are doing fantastic job. All the regulators are also doing good things.
He assured that the Presidency will keep engaging “stakeholders to see how they can we serve Nigerians better?
He also revealed that the Presidency already has a draft framework.
“That’s why both the private and public sector institutions are all heavily represented in this at the end of the day, it will be issued as a national framework for the country.
“As we move on, if the situation demands legislation, then that will be done. Mr. President is pretty much ready, is available, to do all that is needed to restore the confidence of Nigerians in the financial system,
“He will be able to say; yes,I believe we have, we have a trusted financial system”
Aisha Olatiwoon, Director of consumer protection and financial inclusion of the Central Bank of Nigeria, said the CBN has done much in ensuring that consumers of the banking sector gets remediation for breach of the financial inclusion plans of the federal government
“ I think, where the issue is, is that every complaint is pushed by the consumer to CBN.
“ Do, the reason I said the workshop today is apt, bringing together various regulators from different industries, even beyond the financial system.
The CBN blamed illiteracy on the side of the consumer for some of the challenges
“ Complaints that should come to CBN are basically complaints that remain unresolved by the financial institutions. And what do I mean by this? Customers are supposed to first escalate to their banks, and it is when the banks do not resolve within the regulatory specified period, or when the resolution is unsatisfactory to the consumer, then the consumer has a CBN backup, not withstanding all of this arrangement, the CBN has put in place a customer complaint management solution, which we are working to integrate with the industry dispute resolution system.
“That way, we have an overview and a very clear online visibility of companies and hold financial institutions responsible for not resolving within the set time”
News
VIDEO: IT’S ALL FALSE , THERE IS NO SUSPECT IN ANTI-KIDNAPPING UNIT [TIGER BASE] OWERRI THAT HAS STAYED IN CUSTODY FOR MORE THAN 48- HOURS WITHOUT COURT ORDER. — IMO POLICE PPRO RESPONDS TO DETENTION ACCUSATIONS DURING FACILITY INSPECTION BY PRESS MEN.
By Prince Uwalaka Chimaroke
7- DEC- 2025
The Imo State Police Command on Friday, December 5, 2025, opened the doors of its Anti-Kidnapping Unit—widely known as Tiger Base—to an independent inspection team made up of journalists, civil society groups, and human rights advocates, following viral allegations of organ trafficking, torture, unlawful detentions, and the existence of a “slaughterhouse” within the facility.
Acting on the directives of the Commissioner of Police, CP Aboki Danjuma, the Police Public Relations Officer, DSP Henry Okoye, and the Commander of the Unit, ACP Odeyeyiwa Oladimeji, led the fact-finding delegation through all sections of the premises in Owerri. The visit was designed to ensure transparency and address public concerns generated by several sensational online reports.
Throughout the tour, the delegation inspected operational areas, observed procedures, and engaged directly with officers. In one corner of the compound, the team sighted carved wooden images previously misrepresented on social media as ritual objects or a shrine. Police authorities explained that these carvings—made of wood, iron, and cement—were exhibits recovered from hideouts linked to suspected IPOB/ESN operatives and kidnapping gangs across Imo State. According to ACP Oladimeji, the criminals believed the objects held mystical powers, and the police retained them as evidence for ongoing investigations.
The visitors also interacted with several detainees, including individuals suspected of involvement in kidnapping and other violent crimes. Many of them openly admitted to the offences for which they were arrested and confirmed that they were being fed properly while awaiting their scheduled court processes.
Another item inspected was an ash-coloured Highlander Jeep with plate number LSD 413 JJ. The vehicle, stained with blood, belonged to a woman recently shot dead by masked gunmen at Umuekerekpu Ndegwu in Owerri West LGA. A surviving occupant of the vehicle narrated to reporters how their employer was fatally shot in the head, while both he and another passenger sustained gunshot injuries and were currently receiving medical treatment in Owerri.
At the end of the assessment, members of the visiting delegation unanimously stated that none of the frightening claims circulating online—ranging from organ harvesting to the existence of an abattoir—were visible or supported by what they witnessed.
DSP Okoye emphasized that Tiger Base is a legitimate tactical formation of the Nigeria Police Force tasked with confronting kidnapping, armed robbery, cultism, terror-related activities, and other serious crimes. He disclosed that the facility is fitted with CCTV cameras linked directly to the office of the Commissioner of Police, enabling round-the-clock monitoring for accountability.
He reiterated that the allegations trending on social media were malicious distortions aimed at misleading the public. The human skulls displayed earlier in 2025, he clarified, were exhibits recovered from criminal hideouts—not evidence of ritual practices, as some had falsely claimed.
ACP Oladimeji further noted that the unit handles only high-profile criminal cases and operates newly commissioned charge rooms and tactical units dedicated to strengthening security across Imo State. The team also observed dozens of seized motorcycles, which the police said were confiscated in compliance with the Imo State Government’s ban on motorcycle operations within the Owerri metropolis under the Shared Prosperity Administration.
The inspection team applauded the Police Command for permitting unrestricted access to Tiger Base and underscored the importance of ongoing cooperation between security institutions, the media, and civic groups to maintain public trust and enhance safety across the state.
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TENSION IN ABIA COMMUNITY AS POLICE PROBE MURDER OF MISSING 25-YEAR OLD YOUTH WHO’S BODY WAS FOUND HEADLESS, SIX ARRESTED.
By Prince Uwalaka Chimaroke
7- DEC- 2025
A cloud of sorrow and outrage has settled over Amangwo Umuigu in Oboro, Ikwuano Local Government Area of Abia State, after the decomposing, headless remains of 25-year-old Solomon Ikoku were discovered weeks after his disappearance. Ikoku, who went missing on September 27, 2025, was reportedly abducted during the community’s New Yam Festival in a violent early-morning raid.
Residents recounted that armed men—believed to be members of a controversial vigilante outfit—stormed the family home at about 5 a.m., assaulting the young man before dragging him away. After weeks of unanswered questions and failed searches, community youths launched a coordinated hunt on October 27, which led to the tragic discovery of Solomon’s remains in a shallow waterway on the outskirts of the village. His leg and other body parts were later found scattered in nearby bushes, deepening the community’s grief.
Members of the search team described the scene as horrifying. One volunteer, who spoke anonymously, said the discovery of Ikoku’s bones and the clothes he wore on the morning of his disappearance left them heartbroken.
The incident has triggered widespread anger, with many residents pointing accusations at the village’s disbanded vigilante group, allegedly loyal to the community’s traditional ruler, Eze Larry Agwu. Critics claim the group operated with impunity and may have been responsible for the abduction and brutal killing.
However, Eze Agwu has firmly rejected the allegations, calling them politically motivated falsehoods linked to an ongoing kingship dispute within the community. According to him, the vigilante group acted independently and had been inaugurated years earlier by village authorities and security agencies. He insisted he neither ordered nor endorsed any attack on the late Ikoku.
The monarch further explained that he was informed by the group that the victim’s sister had allegedly sought their help after the young man threatened their mother—an account strongly disputed by Ikoku’s family. The deceased’s brother, Victor, accused the vigilantes of premeditated violence, alleging that his brother’s body was burnt and mutilated, and insisting that no family member invited the group on the night of the incident.
Adding to the controversy, the community chairman, Munachi Onwuchekwa, accused the king of enabling the vigilante group even after the wider community had dissolved it four years earlier due to misconduct. He stated that the group continued to operate under the monarch’s patronage, despite repeated complaints.
As tensions rise, the Abia State Police Command has confirmed the arrest of six suspects linked to the vigilante group, while others remain at large. Among those implicated are Alozie Eluwa, Stanley Okutuo, Godwin Kanu, Maduabuchi Enyinnaya, Godwin Sampson, Emeka Nwagboso, Ikechi Hope, and several others still being sought by authorities.
Police spokesperson Maureen Chinaka called for calm and urged residents to allow the investigative process to proceed without interference. She emphasized that a meticulous probe was necessary given the gravity of the crime, assuring the community that justice would be pursued diligently.
The investigation continues as the community grapples with shock, fear, and calls for accountability following the gruesome killing.
News
Military seizes power in Benin Rep after successful coup (Video)
The military has seized power from the civilian government in Benin Republic after a successful coup on Sunday.
According to reports, Lieutenant-Colonel Tigri Pascal and a group of soldiers announced a coup d’état in Bénin Republic, claiming to have overthrown incumbent President Patrice Talon.
Pascal declared a coup live on national television following reports of an attack on a presidential building.
The army officer thereafter made an announcement, saying that political parties have been suspended and all land, air, and sea borders closed.
“Lieutenant Colonel Pascal Tigri has reportedly attacked the residence of President Talon in Benin, deposing him as leader with images showing him on television,” the report read.
“The military said that they were “dismissing” President Talon from his post with Tigri declaring himself president of a military committee for the country’s restructuring. Images showed him speaking from a television studio where he is reading from a script while other soldiers stand alongside him.
“The army has said that the constitution of November 2025 is suspended and all institutions are dissolved. It has also been declared that activities of political parties are suspended until further notice while the land, maritime, and air borders of Benin are closed.”
https://www.instagram.com/reel/DR9XDtHiOl_/?igsh=MTZpM2I2ODl4cTAzZA==
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GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI
