General
Buhari Congratulates Tinubu, Warns Against Protests

By Adedapo Adesanya
President Muhammadu Buhari has congratulated Nigeria’s newly elected president, Mr Bola Ahmed Tinubu, with a promise to work with him in a smooth transition ahead of his May 29 swearing-in while warning the opposition parties to seek redress in court and not on the streets.
In a statement on Wednesday, the incumbent president said his would-be successor is “the best person for the job,” declaring that “I shall now work with him and his team to ensure an orderly handover of power.”
Earlier this morning, the Independent National Electoral Commission (INEC) announced that Mr Tinubu won the elections held on Saturday, February 25, with about 35 per cent of the total votes cast.
He emerged after gathering 8,794,726 votes, beating former ally and serial contestant, Mr Atiku Abubakar, of the People’s Democratic Party (PDP), who polled a total of 6,984,520 votes, while Mr Peter Obi of the Labour Party (LP), who created a third force opposition, garnered 6,101,533 votes as Mr Rabiu Kwankwaso of the New Nigeria Peoples Party (NNPP) came fourth with 1,496,687 votes.
Speaking on the election, Mr Buhari said the exercise, which continues his party’s stay in power, saw a lot of drastic changes, which signified that changes were spreading across the country’s political landscape.
“The election was Africa’s largest democratic exercise. In a region that has undergone backsliding and military coups in recent years, this election demonstrates democracy’s continued relevance and capability to deliver for the people it serves.
“Within Nigeria, the results reveal democracy’s ripening in our country. Never has the electoral map shifted so drastically in one cycle.
“In the presidential elections, states in all regions across Nigeria changed colour. Some of you may have noticed my home state among them. The winning candidate did not carry his own home State either. That happens during a competitive election.
“Votes and those that cast them cannot be taken for granted. Each must be earned. Competition is good for our democracy. There is no doubt the people’s decision has been rendered in the results we look at today,” the President stated.
He, however, acknowledged the faults in the process but said these challenges were not enough basis for judging the outcome of the election.
In his words, “That is not to say the exercise was without fault. For instance, there were technical problems with the electronic transmission of the results. Of course, there will be areas that need work to bring further transparency and credibility to the voting procedure.
“However, none of the issues registered represent a challenge to the freeness and fairness of the elections.”
He also warned the opposition to ensure that they seek redress through the courts and eschew the use of protests to contest the results, which he said might be done for selfish reasons.
“I know some politicians and candidates may not agree with this view. That, too, is fine. If any candidate believes they can prove the fraud they claim is committed against them, then bring forward the evidence.
“If they cannot, then we must conclude that the election was indeed the people’s will – no matter how hard that may be for the losers to accept. If they feel the need to challenge, please take it to the courts, not to the streets.
“To take to the streets means they are not doing it in the interest of the people, but rather to inflame, to put people in harm’s way and all for personal, selfish gains.”
“After a degree of polarization that necessarily accompanies any election, it is now time to come together and act responsibly. I call on all candidates to remember the peace pledge they signed just days before the election.
“Do not undermine the credibility of INEC. Let us now move forward as one. The people have spoken,” he added.
General
SERAP Advises Zuckerberg, Meta to Pay $220m FCCPC Fine

By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has urged the chief executive of Meta Platforms Incorporated (Facebook), Mr Mark Zuckerberg, to pay the $220 million fine imposed on the firm by the Federal Competition and Consumer Protection Commission (FCCPC).
Last Friday, the Competition and Consumer Protection Tribunal upheld the $220 million fine slammed on the company for the grave violations of Nigerian consumer, data protection and privacy laws and international human rights standards.
In a statement over the weekend, SERAP advised Mr Zuckerberg and Meta “to provide (in addition to the fine) justice and effective remedies, including adequate compensation and guarantees of non-repetition for the victims of the grave violations of Nigerian consumer, data protection and privacy laws and international human rights standards.”
It also told him and his organisation to “immediately” pay the $35,000 awarded by the tribunal to the FCCPC as cost of investigation, adding that they must “immediately halt the violations found by the tribunal and prevent their re-occurrence, as well as ensure the accountability of any person(s) responsible for the violations.”
In the letter dated April 26, 2025, and signed by its deputy director, Mr Kolawole Oluwadare, the group said, “As Chairman and CEO, you ought to ensure enhanced transparency, human rights due diligence, accountability and remediation by Meta to ensure that Nigerians’ human rights are not threatened or violated.”
Giving more context, SERAP noted that, “The tribunal’s judgment followed the administrative penalty imposed on Meta on July 19, 2024 by the FCCPC after concluding that the companies engaged in discriminatory and exploitative practices against Nigerians.”
“The tribunal’s judgment followed a 38-month joint investigation initiated by the FCCPC and the Nigeria Data Protection Commission (NDPC) into the conduct, privacy practices, and consumer data policies of Meta Platforms and WhatsApp.
“We would be grateful if these measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions at the national, regional or international levels to compel you and Meta to comply with our requests in the public interest,” SERAP said.
General
EFCC Launches Manhunt for Eight CBEX Promoters

By Dipo Olowookere
Eight persons, comprising four Nigerians and four foreigners, believed to have promoted the failed Ponzi scheme, Crypto Bridge Exchange (CBEX), in Nigeria have been declared wanted by the Nigeria Police Force (NPF).
Recall that a few weeks ago, several investors lost their hard-earned funds in the investment scheme, which the Securities and Exchange Commission (SEC) said it did not authorise.
The platform crashed and went away with investors’ money after it made it impossible for them to withdraw their funds. It later asked them to pay an activation fee of $100 and $200, depending on what was in their wallets.
The crashing of CBEX triggered attacks on its offices, especially in Ibadan, Oyo State, by aggrieved investors, whose funds’ were trapped in CBEX.
Already, the EFCC has swung into action, arraigning the promoters of the investment scheme in court, though four of them are at large.
In a notice on Friday night, the agency said it was looking for the fugitive, asking members of the public with information about their whereabouts to come forward to aid their arrest.
The anti-money laundering organisation listed the wanted persons as Seyi Oloyede, Emmanuel Uko, Adefowowa Oluwanisola, and Adefowora Abiodun Olaonipekun, and listed Johnson Okiroh Otieno, Israel Mbaluka, Joseph Michiro Kabera, and Serah Michiro as the foreign accomplices.
“The public is hereby notified that the persons whose photographs appear above are suspected foreign accomplices wanted by the Economic and Financial Crimes Commission (EFCC) for fraud allegedly perpetrated on an online trading platform called Crypto Bridge Exchange (CBEX)
“Anybody with useful information as to their whereabouts should please contact the Commission in its Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, llorin, Enugu, Kano, Lagos, Gombe, Port Harcourt or Abuja offices or through 08093322644; its e-mail address: [email protected] or the nearest Police Station and other security agencies,” the notice signed by its spokesman, Mr Dele Oyewale, stated.
General
Nigeria Moves to Revive Textile Sector With Development Board

By Adedapo Adesanya
Nigeria’s National Economic Council (NEC) has approved the establishment of Cotton, Textile and Garment Development Board as part of efforts to drive non-oil revenues.
This was disclosed by the Governor of Imo State, Mr Hope Uzodinma, while briefing State House Correspondents at the end of the 149th NEC meeting chaired by the Vice-President, Mr Kashim Shettima, on Thursday at Presidential Villa, Abuja.
He explained that in order to make the board function effectively, the council approved a proposal for Public-Private Partnership (PPP).
Mr Uzodinma stated that the chairman of the board would be selected from the private sector, adding that the body would be funded from import levies on textiles.
“The National Economic Council, among others things, received a representation from the members and leadership of Cotton, Textile and Garment Development Forum.
“These are private sector operatives who are into the cotton business, garment and textiles and the presentation highlighted their proposal on how to revitalise the cotton industry in Nigeria.
“The council endorsed the presentation and approved the establishment of a National and regional Offices for the board in each of the six geopolitical zones for proper coordination,” said Mr Uzodinma.
On his part, Governor Douye Diri of Bayelsa said the council also received proposal from the Minister of Livestock Development on acceleration strategy for the livestock industry.
He said the presentation was on on a plan to transformation the livestock industry between 2025 and 2030, stating that the strategy was built on the national livestock growth acceleration plan, which is expected to transform the sector to create jobs, export products and serve as an engine room for internally generated revenue.
“The projection is that the strategy will generate between $74 billion down and $90 billion in that sector by the year 2035.
“It will be a direct partnership with the state governors, the private sector and foreign investors under a very sound federal regulatory umbrella,” said Mr Diri.
He added that the investment would be prioritised into five key pillars between 2025 and 2026, saying the pillars are: animal health and zones control, feed and further development, water resources management, statistics and information and livestock value chain development.
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