Missing Lagos Banker Found Dead in Yaba Morgue with Machete Wounds

Days after being declared missing, the body of 26-year-old Lagos banker Osemudiamen Idemudia was discovered in a morgue in the Yaba area of the state, with signs of a violent death. Idemudia, who worked in the Point-of-Sale department of a commercial bank in the Ikota area, was last seen on May 9 near CMS on Lagos Island after leaving work for a scheduled meeting at the bank’s headquarters. A family member, Segun, confirmed to PUNCH Metro that the body was found on Sunday during a desperate search across hospitals and mortuaries. According to him, the banker’s corpse bore deep machete cuts on the head, face, and legs, raising suspicions of foul play. “He was murdered,” Segun said grimly. He also stated that morgue staff claimed the police brought in the body but were unable to provide any information on the officers or the location of the recovery. The victim’s father, Julius, recounted that his son had planned to attend a meeting with a senior bank official at CMS but the appointment was cancelled. After parting ways with a colleague, Osemudiamen was never heard from again. The family became alarmed when he failed to return home, eventually filing a missing person report at Igando Police Station, near his residence in the Akesan area. The family has since buried Idemudia’s remains on Tuesday. Attempts to reach the Lagos State Police Public Relations Officer, Benjamin Hundeyin, were unsuccessful at the time of reporting, as calls and messages went unanswered. The circumstances surrounding Idemudia’s death remain unclear as the family seeks answers and justice.

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Politicians Who Break Promises Should Be Jailed—Not Citizens Who Don’t Vote

The recent proposal by the National Assembly to mandate compulsory voting in Nigeria is not only tone-deaf but dangerously misguided. While high voter turnout is a noble goal in any democracy, attempting to achieve it through coercion rather than trust undermines the very essence of democratic freedom. Instead of punishing citizens for voter apathy, lawmakers should be asking why Nigerians are disengaging from the political process. The answer is simple: decades of broken promises, failed leadership, and rampant corruption have eroded public trust. Nigerians are not refusing to vote because they are unpatriotic—they are refusing because they are tired of being lied to. Voting is a right, not an obligation. And that right includes the freedom not to vote—especially when abstention becomes a powerful act of protest against a political system that consistently fails its people. If the National Assembly is truly committed to rescuing Nigeria’s democracy, it should start by holding elected officials accountable. Instead of proposing a law that criminalizes citizens for staying away from the ballot box, lawmakers should be pushing a bill that jails politicians who willfully abandon their campaign promises. A politician’s manifesto is not a poetic suggestion—it is a binding social contract. When candidates promise jobs, security, infrastructure, and reforms, they are making commitments that must have consequences when deliberately unfulfilled. Introducing legal penalties for serially broken promises would do more to inspire voter participation than any form of mandatory voting ever could. Imagine a Nigeria where public office comes with measurable expectations and enforceable accountability. Where politicians knew that failure to deliver—not due to unforeseen challenges, but due to neglect or deceit—could land them in prison. Such a reform would restore integrity to our elections and separate true public servants from political opportunists. More importantly, it would reignite faith in the system. Citizens are far more likely to vote when they believe their participation leads to real change. Hope, not compulsion, is the foundation of democratic engagement. If Nigerians knew that their votes would lead to real consequences for leaders, apathy would fade—not by force, but by renewed belief in the power of the ballot. Compulsory voting, on the other hand, addresses none of these root causes. It treats the symptom while ignoring the disease. It is a distraction from the real crisis of leadership and accountability. It is not the Nigerian voter who is failing democracy—it is the political class that campaigns on transformation and delivers excuses. Until this trend is reversed, no amount of forced participation will restore legitimacy to our electoral process. Let us stop punishing victims of bad governance, and instead punish those who exploit public trust for personal gain. Let us use our legislative energy not to force votes, but to build a system where votes truly count—and where broken promises come at a cost. Only then will we begin to rebuild the kind of democracy Nigerians not only need—but deserve.

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One Dead, Three Rescued in Lagos Building Collapse at Idi Araba

LAGOS, NIGERIA — A construction worker has been confirmed dead following the collapse of a one-storey building under construction at 96 Ishaga Road, opposite Idi Araba Central Mosque, in the Mushin area of Lagos State. The tragic incident occurred around 3:30 p.m. on Sunday, prompting a swift emergency response. The Lagos Territorial Coordinator of the National Emergency Management Agency (NEMA), Ibrahim Farinloye, confirmed the fatality and noted that three other individuals were rescued alive from the debris. “So far, one person has been confirmed dead, while three others have been rescued alive. Search and rescue operations are ongoing,” Farinloye said in a statement. Spokesperson for the Lagos State Fire and Rescue Service, Shakiru Amodu, also confirmed the casualty. “Unfortunately, one adult male has been recovered dead,” he stated. Director of the fire service, Margaret Adeseye, clarified that the building was still under construction when it suddenly collapsed. She reported that three adult males were pulled from the rubble with varying degrees of injury and were receiving treatment. According to Adeseye, emergency responders included personnel from the Isolo Fire Station, Lagos State Emergency Management Agency (LASEMA), Lagos State Neighbourhood Safety Corps, Lagos State Ambulance Service (LASAMBUS), and the Nigeria Police. “The rescued victims were attended to at the scene and later transported to the hospital for further medical attention,” she added. Authorities are continuing investigations to determine the cause of the structural failure. 🔗Kamal Yalwa

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33 States, FCT Repay N1.85trn Domestic Debt as FG Clears $3.26bn IMF Loan

The Federal Government has announced that 33 states and the Federal Capital Territory (FCT) have significantly reduced their domestic debt profiles, repaying a combined total of N1.85 trillion between June 2023 and December 2024. This was revealed in the May 16, 2025 edition of The Explainer, a weekly publication of the National Orientation Agency (NOA), which detailed the nation’s debt reduction progress. According to the report, the 36 states and the FCT had a domestic debt stock of N1.66 trillion in December 2014, rising to N5 trillion by June 2023. However, aggressive fiscal reforms under the Tinubu administration, particularly the removal of fuel subsidy and naira floatation, helped unlock increased revenue flows to the states. The publication noted that state and local governments shared N6.16 trillion in FAAC allocations in 2023—a 28.6% increase from the N4.79 trillion received in 2022. In 2024, allocations soared further to N9.58 trillion, enabling record debt repayments. Top-performing states in debt reduction include: However, Niger, Enugu, and Rivers States were the only ones that increased their debt burden during the period. Rivers topped this list, adding N138.89 billion in new domestic debt. The Federal Government also made strides in reducing external debt, paying off its entire $3.264 billion obligation to the International Monetary Fund (IMF) within 18 months. By Q2 2025, the outstanding balance of $800.23 million—as of December 2024—was cleared, marking the full repayment. Other federal debt repayments include: In total, domestic debt servicing reached N8.81 trillion over the 18-month period. As a result, Nigeria’s total public debt stock dropped from $113.42 billion in June 2023 to $94.22 billion by December 2024. The NOA praised the Tinubu administration’s fiscal discipline and transparency in public finance management, describing the developments as a “landmark turnaround” in Nigeria’s debt sustainability trajectory.

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Navy Dismantles Nine Illegal Refineries in Rivers, Seizes 175,000 Litres of Stolen Products

Navy Dismantles Nine Illegal Refineries in Rivers Seizes 175,000 Litres of Stolen Products

Port Harcourt, May 14, 2025 — The Nigerian Navy Ship (NNS) Pathfinder has dismantled nine illegal refining sites and seized approximately 175,000 litres of suspected stolen petroleum products in Ogba/Egbema/Ndoni Local Government Area of Rivers State. The operation, carried out on May 12, exposed an extensive network of illicit activities, including 45 refining ovens, 30 storage reservoirs, and 75 dugout pits, according to a statement by Commodore Cajethan Aniaku, Commander of NNS Pathfinder. Details of the Seizure: The illegal facilities were destroyed on-site to prevent further exploitation and environmental harm. The Navy also discovered two wellheads connected via underground pipes used by oil thieves to siphon crude directly to their camps. The pipes were dismantled as part of the operation. “The Nigerian Navy, under the leadership of Vice Admiral Emmanuel Ogalla, remains committed to combating crude oil theft and illegal bunkering,” said Commodore Aniaku. “These activities pose grave threats to our national economy and energy security.” No arrests were made as the perpetrators fled before the arrival of the tactical squad. Aniaku praised the personnel for their bravery and professionalism, reaffirming the Navy’s commitment to safeguarding Nigeria’s oil infrastructure through ongoing anti-theft and bunkering operations.

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CBN Launches Non-Resident BVN, Opens Nigeria’s Financial System to Diaspora

CBN Launches Non-Resident BVN Opens Nigeria’s Financial System to Diaspora

Abuja, Nigeria – May 13, 2025The Central Bank of Nigeria (CBN) has taken a major leap toward bridging the financial gap between Nigeria and its diaspora population with the official launch of the Non-Resident Bank Verification Number (NRBVN). The initiative, unveiled yesterday in Abuja, is being hailed as a historic move that will allow millions of Nigerians abroad to access and participate in Nigeria’s financial ecosystem without the previous bureaucratic and logistical barriers. Speaking at the launch, CBN Governor Olayemi Cardoso described the program as a “transformational milestone” that reflects the Bank’s commitment to full financial inclusion for Nigerians, regardless of their geographical location. “This is not the final destination, but the beginning of a broader journey,” Cardoso stated. “Every Nigerian, no matter their location, remains connected and empowered to contribute to Nigeria’s vibrant future.” Eliminating Key Barriers for the Diaspora The NRBVN initiative tackles several longstanding obstacles that have hindered the financial participation of Nigerians living overseas. Here’s how it addresses seven critical pain points: 1. Mandatory Physical Presence for Banking Services Before: Nigerians abroad had to travel home to open or manage accounts.Now: With NRBVN, digital verification replaces the need for physical presence, saving time and money.Impact: “Considerable costs in terms of time and financial resources” are now eliminated, Cardoso said. 2. Limited Access to Financial Institutions Before: Distance restricted diaspora Nigerians from accessing banking services.Now: A new digital platform connects users to Nigeria’s entire banking ecosystem from anywhere in the world.Impact: A “single digital gateway” now ensures seamless service delivery to all Nigerians, according to the CBN. 3. Restricted Investment Opportunities Before: Bureaucratic bottlenecks locked diaspora Nigerians out of investment markets.Now: With the NRBVN and the complementary Non-Resident Nigerian Investment Account (NRNIA), full access to stocks, bonds, real estate, and pension products is unlocked.Impact: Investors can now participate with ease—and repatriate profits freely. 4. High-Cost, Insecure Remittance Channels Before: Fees as high as 7% and unreliable channels made remittances costly and risky.Now: Formal, regulated remittance pathways now ensure lower costs and higher security.Impact: Remittance inflows are expected to surge, supporting the CBN’s $1 billion monthly target. 5. One-Size-Fits-All Banking Products Before: Few financial products were designed with diaspora lifestyles in mind.Now: Banks have been directed to develop customized products like diaspora mortgages, savings, and investment bundles.Impact: Financial offerings now reflect the unique needs of cross-border customers. 6. Inconsistent Regulatory Framework Before: Unclear rules discouraged long-term diaspora engagement.Now: A stable regulatory model inspired by India and Pakistan ensures consistency and clarity.Impact: Greater confidence among diaspora investors, with Nigeria aiming to replicate India’s $160 billion diaspora deposits. 7. Disconnection from Nation-Building Before: Lack of formal mechanisms limited diaspora contributions to development.Now: New investment channels allow Nigerians abroad to support local infrastructure and job creation.Impact: Strengthened economic ties and social impact, even from thousands of miles away. A Global Vision with Local Impact The launch of the NRBVN represents a strategic pivot in Nigeria’s efforts to unlock diaspora capital and involvement. With over 15 million Nigerians living abroad, the CBN sees enormous potential for boosting the economy through improved remittances, investment flows, and community development. Governor Cardoso emphasized that the initiative would be refined based on ongoing feedback, underscoring the Bank’s commitment to a dynamic, inclusive financial system. “Your financial connection to Nigeria should be as strong as your cultural one,” he said.

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Boko Haram Deploying Armed Drones Nigerian Army Warns

Maiduguri, Nigeria – May 14, 2025 The Nigerian Army has raised concerns over the increasing use of armed drones by Boko Haram insurgents in the North East, describing it as a dangerous shift in tactics that poses significant challenges to national security. Major General Abdulsalam Abubakar, Theatre Commander of Operation Hadin Kai (OPHK), disclosed this development during a press briefing on Tuesday in Maiduguri, Borno State. According to the commander, the terrorist group has begun deploying drones similar to those used in conflict zones such as Israel and Ukraine, which are difficult to detect using conventional radar systems. “The terrorists have changed tactics, resorting to multi-pronged attacks on isolated and vulnerable deployments. They use these attacks as propaganda,” General Abubakar said. “This is why we are reviewing our deployments to counter their evolving strategies.” The army chief warned that insurgents who continue to resist and engage in violence face “certain elimination,” urging them to surrender and emulate those who have already laid down their arms and are being treated humanely. Despite the new threat posed by drone warfare, General Abubakar reassured Nigerians that the troops remain highly motivated, attributing improved morale to enhanced welfare packages instituted by the military leadership. “This shows the seriousness with which the government is tackling this conflict,” he said. “We are confident that in due time, we will achieve complete victory over terrorism.” The Theatre Commander highlighted significant progress in the fight against insurgency, noting that normalcy has largely returned to many parts of the North East compared to five or ten years ago. “In just the past week, over 20 terrorists have been neutralised and several weapons recovered. Operations are ongoing on multiple fronts,” he said, adding that thousands of displaced residents have returned to their communities. “Malam Fatori and Kukawa are recent success stories, with nearly 20,000 IDPs returning to their ancestral homes.” However, General Abubakar acknowledged that insecurity across the wider Sahel region is impacting Nigeria’s counterterrorism efforts. He noted that arms looted from overrun military barracks in neighboring countries are often smuggled into Nigeria through porous borders. “Two years ago, we were on the verge of declaring the conflict over,” he revealed. “But the deterioration in the Sahel has had a direct impact on us. The terrorists have also adapted—thanks in part to the ease with which they access new technology.” He cited the deployment of weaponised drones since November 2024 as a major concern, prompting the military to reassess and reorganize its strategy. “The Chief of Army Staff visited last week and major changes have been implemented. I assumed command just three weeks ago as part of those changes,” he said. General Abubakar confirmed that coordinated attacks were recently launched in Rann, Dikwa, and Gajiram. While most were repelled, the attack on Rann breached military defenses, resulting in the loss of four personnel. Despite the setback, he reaffirmed the military’s determination to end terrorism. “Our resolve remains firm. We will defeat terrorism and restore peace to this region as swiftly as possible. But we need the full support of the nation,” he said. The commander urged Nigerians to grasp the complexity of the mission, noting that the OPHK theatre covers over 150,000 square kilometers—larger than several countries combined. “In asymmetric warfare, as Sun Tzu said, you must separate the fish from the water. Security is a collective responsibility,” he added. As a sign of growing community collaboration, he cited the recent interception of 13,000 litres of petrol being smuggled to terrorist enclaves—a cache capable of powering insurgent operations for a year. “The fight against terrorism cannot be won by the armed forces alone,” he concluded. “We need the cooperation and vigilance of every citizen to overcome this challenge.”

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Zulum Bans Petrol Sales in Bama LGA Approves Patrol Vehicles After Boko Haram Attack on Izge

Governor Babagana Umara Zulum of Borno State has imposed an immediate ban on the sale of Premium Motor Spirit (PMS), commonly known as petrol, in Bama Local Government Area, including Bama town and the border community of Banki. The directive, announced on Saturday by the Governor’s Special Adviser on Media, Dauda Iliya, follows consultations with security agencies and is aimed at curbing fuel supply to insurgents operating in the region. “I have directed the immediate ban on the sale of petrol in Bama town, Banki, and other parts of Bama Local Government Area with immediate effect,” Governor Zulum said, warning that violators would face the full weight of the law. “There will be no sacred cows in the enforcement of this ban,” he added. Governor Zulum reiterated his administration’s commitment to restoring lasting peace in Borno and called for public cooperation to strengthen the ongoing counter-insurgency efforts. Patrol Vehicles, Motorcycles Approved After Izge Attack Meanwhile, in response to a recent Boko Haram attack on the Izge community in Gwoza Local Government Area, Governor Zulum visited the area and approved the release of five Toyota Hilux patrol vehicles and 30 motorcycles to support local security efforts. The vehicles and motorcycles are to be deployed for use by the military and youth volunteers to improve mobility and responsiveness during security operations. “I am here to examine the situation on the ground and find out from you what your real problems are so we can address them,” Zulum told residents during the visit. He commended the military and local defenders for their bravery in repelling the insurgents and reassured the community of his administration’s commitment to preventing displacement and ensuring safety. “This government will do whatever it takes to maintain law and order in Izge and across Borno. We shall not lose ground,” he declared. The Governor also announced plans for the continued resettlement of displaced communities including Ashigasha, Warabe, Guduf, Wala, and other smaller villages, emphasizing that despite security setbacks, efforts to restore normalcy will persist. Zulum was accompanied by key government officials including the member representing Gwoza at the Borno State House of Assembly, Abdullahi Buba Abatcha, and other senior aides and commissioners.

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