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LivingTrust Mortgage Bank Appoints New Directors

LivingTrust Mortgage Bank Gets CBN Approval to Appoint Eight New Directors

Fola Badmus6 months ago6 months ago06 mins

Living Trust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board. This strategic move aims to strengthen the bank’s leadership structure and drive its long-term growth and expansion plans. In a statement released by the bank, the newly appointed directors include two executive directors, three non-executive directors, and three independent non-executive directors. Their collective expertise spans across banking, law, accounting, public administration, and strategic management, positioning the bank for enhanced operational efficiency and market competitiveness. New Executive Directors New Non-Executive Directors New Independent Non-Executive Directors Strategic Impact of the Appointments According to the statement, the appointments reflect LivingTrust Mortgage Bank’s commitment to enhancing its governance structure and driving operational excellence. The new board members’ diverse expertise and experience are expected to position the bank for sustainable growth and increased market presence in Nigeria’s financial sector. The bank’s management expressed confidence that the newly constituted board will strengthen its mortgage services, deepen customer engagement, and drive financial performance. “These appointments are strategic and align with our long-term growth objectives,” the statement read. “We are confident that the collective expertise of our new board members will enhance our capacity to deliver innovative mortgage solutions and create value for our stakeholders.”

‘Excessive’ – Soyinka Criticizes Tinubu’s Emergency Rule in Rivers

Excessive’, Soyinka Faults Tinubu’s Emergency Rule In Rivers

Fola Badmus6 months ago6 months ago05 mins

Nobel laureate, Professor Wole Soyinka, has condemned President Bola Tinubu’s declaration of a state of emergency in Rivers State, describing the move as “excessive” and a dangerous overreach of executive power. Soyinka’s criticism follows the political turmoil in Rivers State, which led to the suspension of Governor Siminalayi Fubara, his deputy, and members of the House of Assembly by President Tinubu. The President also appointed Ibok-Ete Ibas, a retired naval chief, as the state’s sole administrator — a decision that has sparked widespread controversy and backlash. Soyinka’s Response In a statement released on Sunday, Soyinka argued that Tinubu’s action was disproportionate and undemocratic, warning that it could set a dangerous precedent for governance in Nigeria. “I find the imposition of emergency rule in Rivers State excessive and unjustified,” Soyinka said. “Political conflicts are not new in Nigeria, but resolving them through measures that sideline constitutional order and democratic processes is deeply troubling.” Soyinka stressed that Nigeria’s constitution provides clear guidelines for handling political disputes and that appointing a sole administrator undermines the will of the people and the integrity of the electoral process. “The solution to a political crisis cannot be the removal of an elected governor and the appointment of an unelected administrator,” Soyinka stated. “It is an insult to the democratic process and a dangerous precedent for future conflicts.” Violation of Democratic Principles Soyinka warned that Tinubu’s action threatens the foundation of Nigeria’s democratic institutions. He argued that the crisis in Rivers State should have been resolved through dialogue and political engagement rather than executive force. “Democracy is not about the absence of conflict but about the ability to resolve conflict through dialogue, compromise, and adherence to the rule of law,” Soyinka said. “By bypassing these principles, the President has weakened the democratic structure.” Legal and Political Backlash Soyinka’s statement aligns with the position of the Nigerian Bar Association (NBA), which has also declared the state of emergency unconstitutional. NBA President Afam Osigwe argued that the constitution does not recognize the appointment of a sole administrator and called for Fubara’s immediate reinstatement. Soyinka echoed these concerns, warning that the President’s action could trigger a constitutional crisis and further destabilize the political environment in Rivers State and beyond. “The danger of this action is not limited to Rivers State,” Soyinka said. “If left unchecked, it could become a template for resolving political disputes across the country — through executive overreach rather than democratic engagement.” Call for Reversal Soyinka urged President Tinubu to reconsider his decision and work towards a political solution that respects the constitutional rights of Rivers State’s elected officials and citizens. “The path forward is not through imposition but through negotiation and respect for democratic norms,” he stated. “Governor Fubara’s mandate comes from the people, and any attempt to undermine that mandate must be resisted.” Conclusion Soyinka’s remarks have added weight to the growing opposition to the state of emergency in Rivers State. His call for dialogue and political resolution reflects broader concerns about Nigeria’s democratic stability and the potential for executive overreach to undermine constitutional governance.

Tinubu Should Restore Fubara, Administrator Unconstitutional – NBA

Tinubu Should Reinstate Fubara, Administrator Appointment Unconstitutional – NBA

Fola Badmus6 months ago6 months ago03 mins

The Nigerian Bar Association (NBA) has reaffirmed its stance that the removal of Rivers State Governor, Siminalayi Fubara, by President Bola Tinubu is unconstitutional. The association has called on the President to reverse the decision and restore Fubara to office. On Tuesday, President Tinubu declared a state of emergency in Rivers State, suspending the governor, his deputy, and all members of the House of Assembly due to the ongoing political crisis in the oil-rich state. He subsequently appointed Ibok-Ete Ibas, a retired naval chief, as the state’s sole administrator. Speaking on Sunday Politics, NBA President Afam Osigwe condemned the President’s action, insisting that the constitution does not recognize the appointment of a sole administrator. “That is our position and what we expect the President to do — restore Fubara to power, as his removal was unconstitutional,” Osigwe stated. “We do not recognize a sole administrator as the legitimate authority in Rivers State because the appointment itself is unconstitutional.” Osigwe also questioned the legitimacy of the oath of office taken by Ibas. “When I saw him taking the oath, I wondered what kind of oath it was because it’s not one recognized by the constitution,” he said. He compared the President’s response to using a sledgehammer to treat a headache, calling the measures “overreaching, excessive, undemocratic, and above all, unconstitutional.” According to Osigwe, the problem in Rivers State is political and requires a political solution. No Constitutional Gap Some have argued that Section 305 of the 1999 Constitution provides a basis for the President’s action, but Osigwe firmly rejected this claim. “I do not believe Section 305 is unclear; I believe we are simply refusing to apply it correctly,” he said. Although the National Assembly has approved the state of emergency in Rivers State, Osigwe argued that this does not validate the President’s actions. “The National Assembly’s approval is like placing something on nothing,” he asserted.

Buhari mourns Gov. Radda’s mother demise

Fola Badmus6 months ago6 months ago01 mins

Former President Muhammadu Buhari has joined the government and the people of Katsina State in mourning the demise of Hajiya Safara’u Umaru Baribari, the mother of Governor Dikko Umaru Radda. In a message to the governor, the former President said, “It is with profound sadness that I convey my deepest sympathies on the passing of your beloved mother, Hajiya Safara’u. “No matter how old a person becomes, they need their mother. The thoughts and prayers of my family are with you and your family during this difficult period as we remember her life and service to women and the community at large. “May Allah reward her good deeds, and may her legacy be an inspiration to her descendants and future generations. May Allah grant her Aljannatul Firdaus.”

FG flags off Benin–Asaba Expressway

Fola Badmus6 months ago6 months ago03 mins

The Federal Government of Nigeria, in collaboration with Africa Plus Partners, has officially flagged off the 125km Benin–Asaba Expressway Project in Edo State—an ambitious, dual-carriage, solar-lit superhighway that is fully financed by the private sector under a Public-Private Partnership (PPP) model. Speaking at the event, the Honourable Minister of Finance & Coordinating Minister of the Economy Mr. Wale Edun described the project as a milestone in infrastructure financing. “What you see on the front page of the pamphlet will be delivered—because the cash is there,” he affirmed. “This is not reliant on direct federal funding. Africa Plus Consortium, backed by credible investors, has put forward the full capital commitment under the enabling policies of President Bola Tinubu.” This flagship initiative is part of the Tinubu administration’s Renewed Hope Agenda, demonstrating how strategic partnerships can unlock long-term value for the economy. Minister of Works, Senator David Umahi described the project as a cashless model. Governor of Edo State Senator Monday Okpebholo, standing in for Mr. President, lauded the financing structure. “This is a legacy project. For private investors to risk their capital, it shows belief in the president’s vision and the future of our economy.” HM Wale Edun reiterated that this model will be replicated nationwide: “This is just one of many projects that will be delivered week after week, month after month, through sustainable financial frameworks that ensure transparency, efficiency, and speed.” The Benin–Asaba Expressway is more than a road. It is a statement—that with innovative financing and investor confidence, world-class infrastructure is not only possible but imminent.

Amnesty International Calls for Probe Into Natasha’s Allegations Against Akpabio

Fola Badmus6 months ago6 months ago02 mins

Amnesty International has called for an immediate and thorough investigation into the serious allegations made by Senator Natasha Akpoti-Uduaghan against Senate President Godswill Akpabio. The human rights organization urged Nigerian authorities to ensure a transparent and impartial inquiry, stressing the importance of upholding justice and accountability. Senator Natasha recently accused Akpabio of misconduct, raising concerns about abuse of power and potential violations of ethical standards. Amnesty International emphasized that such allegations must not be swept under the rug and called for a fair and independent investigation to uncover the truth. “The allegations are serious and demand immediate attention,” Amnesty International said in a statement. “Authorities must demonstrate that no one is above the law by conducting a credible and transparent investigation.” The organization also underscored the need to protect Senator Natasha from any form of intimidation or retaliation, stressing that whistleblowers and those who speak out against injustice must be safeguarded. Amnesty’s call adds pressure on Nigerian authorities to address the issue promptly and ensure that justice is served, regardless of political status or influence.

Pope Francis discharged after five weeks in hospital

Fola Badmus6 months ago6 months ago04 mins

Pope Francis was discharged from the hospital on Sunday after more than five weeks of treatment for pneumonia. Despite looking visibly tired, the pontiff expressed gratitude to the gathered crowds, waving and thanking them for their unwavering support as he headed home. Seated in a wheelchair on one of the hospital balconies, Francis appeared frail but determined as he acknowledged the hundreds of well-wishers below. It was his first public appearance since February 14, when he was admitted to Rome’s Gemelli Hospital with breathing difficulties that escalated into pneumonia. “Thank you, everyone,” Francis said softly into a microphone, his voice weak but steady. He raised his hand in a gentle wave and offered an occasional thumbs-up, sparking cheers from the crowd. Spotting a woman holding yellow flowers, he smiled and said, “I can see that woman with yellow flowers — well done,” prompting laughter and applause. After two minutes on the balcony, the pope was discharged. Francis was driven to his Vatican residence, Santa Marta, waving from the front seat of the car. He could be seen wearing a nasal cannula, a sign that he still requires oxygen support. His first stop, however, was Santa Maria Maggiore — his favorite church in Rome — where he paused to pray, a testament to his resilience and faith. Doctors have confirmed that the pope’s health has improved enough for him to return home. However, they cautioned that the 87-year-old, who lost weight during his hospitalization and had part of one lung removed as a young man, will need at least two months to fully recover. The fragility of Francis’s health has renewed speculation about whether he might follow in the footsteps of his predecessor, Benedict XVI, and step down from his role. ‘A Period of Rest’During his hospital stay, Francis faced multiple respiratory crises, leading doctors to perform bronchoscopies to clear his lungs and even administer a blood transfusion. “Further recovery will happen at home,” said Dr. Sergio Alfieri, one of Francis’s doctors. “A hospital — even one as well-equipped as Gemelli — isn’t the ideal place for recovery because the risk of infections remains high.” Alfieri also made it clear that the pope’s return to his regular schedule won’t happen overnight. “Convalescence, by definition, is a period of rest. He will need time to regain his strength before resuming his daily responsibilities.” As Pope Francis embarks on this crucial phase of recovery, his quiet strength and humility continue to inspire millions around the world.

SERAP sues Tinubu over ‘unlawful suspension of Fubara, Rivers lawmakers’

Fola Badmus6 months ago6 months ago011 mins

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the unlawful suspension of democratically elected Governor, Deputy Governor, and Members of the House of Assembly of Rivers State while exercising his constitutional powers to proclaim a State of Emergency in the state.” The suit is brought by Yirabari Israel Nulog; Nengim Ikpoemugh Royal; and Gracious Eyoh–Sifumbukho, who are members of SERAP Volunteers’ Lawyers Network (SVLN) in Rivers state. The plaintiffs are registered voters and voted in the 2023 general elections. Joined in the suit as Defendants are the Attorney General of the Federation and Minister of Justice, Mr Lateef Fagbemi, SAN and Vice Admiral Ibok-Ete Ibas (Rtd). In the suit number FHC/ABJ/CS/558/2025 filed last Friday at the Federal High Court, Abuja, the plaintiffs are seeking: “an order setting aside the suspension of the democratically elected officials in Rivers State by President Tinubu while proclaiming a state of emergency in the state.” The plaintiffs are seeking: “an order setting aside the appointment of Vice Admiral Ibok-Ete Ibas (Rtd) as the Sole Administrator of Rivers State.” The plaintiffs are also seeking: “a declaration that by virtue of section 1(2) of the Nigerian Constitution 1999 (as amended), Nigeria shall not be governed, nor shall any person or group of persons take control of the Government of Nigeria or any part thereof, except in accordance with the provisions of the Constitution.” In the suit, the plaintiffs are arguing that: “The rule of law would be a mere figure of speech if the people’s right to participation can be arbitrarily suspended or violated.” The suit filed on behalf of the plaintiffs by their lawyer Ebun-Olu Adegboruwa, SAN read in part: “Democracy is an inherent element of the rule of law. Nigeria’s democracy ought to have as its foundation respect for human rights and the rule of law. “The suspension is entirely inconsistent and incompatible with the letter and spirit of the Nigerian Constitution 1999 [as amended] and the country’s obligations under article 13 of the African Charter on Human and Peoples’ Rights, and articles 2, 3 and 4 of the African Charter on Democracy, Elections and Governance. “The combined provisions of sections 1(2), 14(1)(c), 176(1) (2) and 305(1) of the Nigerian 1999 Constitution create a delicate balance of rights and responsibilities, balancing the exercise of the President’s power against the people’s right to participation in their own government, and the notion of respect for the rule of law. “Together, these Constitutional provisions presume that Presidential Powers under section 305 are to be exercised fairly and the duty of fairness requires that the people’s right to participation and democracy should be upheld even in the context of a declaration of state of emergency in Rivers State. “The combined effect of the provisions of sections 1(2), 14(1)(c), 176(1) (2) and 305(1) of the 1999 Constitution is that the suspension of democratically elected officials in Rivers state is unlawful and unconstitutional. “Democracy works best when everyone participates. The right to participation is the bedrock of any democratic society. “The suspension of the democratically elected officials in Rivers state has seriously undermined the ability of the Plaintiffs to participate more effectively in their own government, and the credibility and integrity of the country’s electoral process, as well as the notion of the rule of law. “The rule of law ought to be protected to ensure that persons and institutions operate within the defined ambit of constitutional and statutory limitations. “Where agencies of government are allowed to operate at large and at their whims and caprices in the guise of performing their statutory or constitutional duties, the end result will be anarchy and authoritarianism, leading to the loss of constitutionally guaranteed freedom and liberty. “Section 305 of the 1999 Constitution is neither absolute nor superior to other provisions of the Constitution. Rather, it is expressly made subject to other constitutional provisions. “The phrase ‘Subject to’ as a legislative device is used in a Constitutional provision or statutory enactment to make the provision of the section inferior, dependent on, or limited and restricted in application to the Section to which they are made subject to.” The plaintiffs are also seeking the following reliefs: No date has been fixed for the hearing of the suit.