General
Ambode Honoured As Best Governor In New York
By Dipo Olowookere
Governor Akinwunmi Ambode of Lagos State has received an award for Best Performing Governor in Nigeria at an event organised by the African Leadership Magazine and held at the Regis Hotel, New York, USA.
Mr Ambode, while speaking at the 2016 International Forum on African Leadership, said since he assumed office on May 29, 2015, efforts have been geared towards creating a conducive and friendly environment for investors and for businesses to thrive.
He noted that the State was gradually emerging as the choice destination for investors, assuring that his administration would continue to work round the clock not only to become a shining example for Africans in Diaspora but retain the State as investors’ haven.
Mr Ambode, who was represented by the Commissioner for Wealth Creation and Employment, Mr Babatunde Durosinmi-Etti, apologised for his absence to receive the award, but said that he acknowledged the importance of the event hence his decision to send a powerful delegation including Durosinmi-Etti; the Commissioner for Information and Strategy, Mr Steve Ayorinde; his Special Adviser on Overseas Affairs and Investment, Professor Ademola Abass; and his Chief Press Secretary, Mr Habib Aruna, to represent him.
The Governor, in his remarks shortly after receiving the award, said the security and judicial reforms which he initiated at the commencement of his administration and the creation of the Office of Overseas Affairs and Investment were part of efforts to reduce the burden of bureaucracy and security concerns for would-be investors.
While stating that the State is open for business, Governor Ambode assured would-be investors that government would continue to invest in security, job opportunity and infrastructure which are the tripod upon which his administration was built.
He said that Lagos is also playing a leading role in the Nigeria economy, and as such must not shy away in ensuring that it takes the lead as Nigeria re-strategises to restructure its economy for greater prosperity.
“Lagos as the fifth largest economy in Africa is like a country and with the momentum with which the State is moving, it might soon emerge as the biggest economy in Africa. It is home to almost every religion, tribe and colour and accommodates the largest pool of black people all over the world, including Africa’s richest man, Alhaji Aliko Dangote, who is from Nigeria and has a home in Lagos,” Mr Ambode said.
Earlier, in his opening remarks, Publisher and Chief Executive Officer of African Leadership Magazine, Mr Ken Giami while thanking participants for finding time to honour the occasion, said the focus of the Forum was for good governance and how it could impact on the African continent.
“We have to connect, build bridges and cultivate both intra and inter African interests and connection, continue discussion and conversation on how to move Africa forward.
“A continent that has all the natural resources but still at the lowest ebb in the rank of other continents, needs trade and investment because there are many opportunities that abound in Africa. This is the time for countries all over the world to explore the resources that abound in the continent to make the world a better place for us,” Mr Giami said.
Other recipients of the African Leadership Awards at the event include the President of Malawi, Prof. Arthur Peter Mutharika; President of Burkina Faso, Mr Roch Marc Christian Kabore; Vice President of South Sudan, Mr Taban Deng Gai, among others.
By Adedapo Adesanya
The Nigerian Independent System Operator (NISO) has attributed the poor power supply facing a considerable number of Nigerians to inadequate gas supply to thermal power plants.
Business Post reports that epileptic power supply has plagued consumers in Lagos, Oyo, Abuja, and Osun, among others, this month, leading to worries. Also, some businesses have recorded losses due to the epileptic power supply in their areas.
In a statement posted on its X handle, NISO disclosed that average available generation on the national grid currently stands at about 4,300 megawatts (MW), with the low output primarily attributed to gas supply constraints.
The system operator noted that thermal power plants, which account for the dominant share of Nigeria’s electricity generation mix, require an estimated 1,629.75 million standard cubic feet (MMSCF) of gas per day to operate at optimal capacity. However, as of February 23, 2026, actual gas supply to the plants was approximately 692.00 MMSCF per day.
The available supply represents less than 43 per cent of the daily gas requirement, resulting in constrained generation output and reduced electricity allocation to Distribution Companies (DisCos).
NISO, which independently manages the nation’s electricity grid, explained that any disruption or limitation in gas supply directly affects available generation capacity and overall grid output, given the heavy reliance on thermal plants.
It added that when total system generation drops significantly, the operator is compelled to implement load shedding across the network while dispatching available energy in line with allocation percentages approved under the Multi-Year Tariff Order (MYTO) framework of the Nigerian Electricity Regulatory Commission (NERC), to maintain grid stability and prevent system disturbances.
While expressing regret over the inconvenience to electricity consumers and market participants, NISO said it is working closely with relevant stakeholders to restore full energy allocation once gas supply improves and generation capacity returns to normal levels.
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Attorney-General of the Federation (AGF), Mr Abubakar Malami (SAN), his wife, Mrs Asabe Bashir, and son, Mr Abdulaziz Malami, on money laundering charges.
They were brought before Justice Joyce Abdulmalik of the Federal High Court in Abuja, following the re-assignment of the case to the new trial judge.
Upon resumed hearing, EFCC’s lawyer, Mr Jibrin Okutepa (SAN), informed the court that the matter was scheduled for defendants’ re-arraignment.
“The matter is coming before your lordship this morning for the very first time. I will be applying for the plea of the defendants to be taken,” he said.
Mr Okutepa equally applied that the sums listed in Counts 11 and 12 be corrected to read N325 million instead of N325 billion for Count 11, and N120 million instead of N120 billion for Count 12.
When it was not opposed by the defence lawyer, Mr Joseph Daudu (SAN), Justice Abdulmalik granted the oral application by Mr Okutepa.
The defendants, however, pleaded not guilty to the 16 counts preferred against them by the anti-graft agency bordering on money laundering.
Justice Obiora Egwuatu had, on February 12, withdrawn from the case shortly after the civil case filed by the EFCC was brought to him.
The case was formerly before Justice Emeka Nwite, who sat as a vacation judge during the Christmas/New Year break.
After the vacation period, the CJ reassigned the cases to Justice Egwuatu, who had now recused himself, before it was reassigned to Justice Abdulmalik.
The former AGF, his wife, and son were earlier arraigned before Justice Nwite on December 30, 2025.
While Malami and his son were remanded at Kuje Correctional Centre, Asabe was remanded at Suleja Correctional Centre before they were admitted to N500 million bail each, on January 7, with two sureties each in the like sum.
By Adedapo Adesanya
Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the Independent National Electoral Commission (INEC) revised the polling schedule.
The elections will be held on January 16, instead of the previously announced date of February 20, INEC said in an X post, signed by Mr Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.
There were also changes to the Governorship and State Houses of Assembly elections initially fixed for Saturday, March 6 2027, in line with the Electoral Act, 2022, have now been moved to Saturday, February 6, 2027.
The electoral commission said the changes were caused by the enactment of the Electoral Act, 2026 and the repeal of the Electoral Act, 2022, which introduced adjustments to statutory timelines governing pre-election and electoral activities.
“The Commission reviewed and realigned the schedule to ensure compliance with the new legal framework,” it said.
INEC said party primaries (including resolution of disputes) will commence on April 23, 2026 and end on May 30, 2026, after which Presidential and National Assembly campaigns will begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will begin on September 9, 2026.
It noted that campaigns will end 24 hours before Election Day, and political parties have been advised to strictly adhere to the timelines.
INEC also stated it will enforce compliance with the law.
The electoral body also rescheduled the Osun Governorship election which was earlier scheduled for Saturday, August 8 2026, by a week to Saturday, August 15, 2026.
INEC noted that some activities regarding the Ekiti and Osun governorship elections have already been conducted, and the remaining activities will be implemented in accordance with the Electoral Act, 2026.
Speaking at a news briefing in Abuja two weeks ago, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year.
The timetable issued by the organisation for the polls at the time came when the federal parliament had yet to transmit the amended electoral bill to President Bola Tinubu for assent.
Later that week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.
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