CBN Unveils 7 Key Reforms to Reconnect Nigerians in Diaspora with Home Banking System

The Central Bank of Nigeria (CBN) has taken a bold leap to re-integrate Nigerians living abroad into the country’s financial ecosystem by launching the Non-Resident Bank Verification Number (NRBVN). Unveiled yesterday in Abuja by CBN Governor Olayemi Cardoso, the initiative eliminates seven major barriers that have long prevented Nigerians in the diaspora from seamless participation in Nigeria’s banking and investment systems. Here are the key reforms and what they mean for diaspora Nigerians: Governor Cardoso described the launch as a “dream come true” for millions of Nigerians abroad, noting that “this is the beginning of a broader journey, not the final destination.” The CBN plans ongoing refinements based on user feedback to ensure no Nigerian is left out of the country’s financial future—no matter where they reside. This groundbreaking policy marks a new era of inclusion and opportunity, bridging the distance between Nigerians at home and abroad with financial infrastructure that works for everyone.

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Subscribers in Akwa Ibom, Cross River Decry 9mobile Network Collapse, Face Economic Hardship

Subscribers in Akwa Ibom Cross River Decry 9mobile Network Collapse Face Economic Hardship

For over two months, residents and businesses in Akwa Ibom and Cross River States have been plunged into digital darkness as 9mobile’s network services remain completely shut dow in the region. The prolonged outage has disrupted lives and livelihoods, with thousands of subscribers unable to make calls, receive messages, or access essential digital services. At the 9mobile office on Marian Road in Calabar, frustration runs high. The premises, described as nearly non-functional, had no electricity, no operational systems, and just a lone staff member unwilling to speak on the matter. A security guard, however, confirmed the flood of complaints: “Naso e be, people dey come here every day for this problem. Make una de patient, dem go fix am.” For Inyang Eyo, the network failure cost him a job opportunity. “They tried to reach me several times on my 9mobile line, but it wasn’t connecting. I lost the job. This was my main line, and it’s painful.” Grace Ekpo shared a similar experience: “I thought my SIM was blocked. It’s been over a month without service. I can’t make or receive calls. It’s never been this bad.” Ansa Abang, who runs a tech-based business, said the outage crippled his operations. “I use my 9mobile line for receiving Google and Facebook verification codes. I’ve lost clients and credibility. My online business has practically shut down.” The disruption comes amid growing concerns about 9mobile’s shrinking subscriber base. According to the Nigerian Communications Commission (NCC), the operator lost over 6,000 subscribers to rival networks within three months. In December 2024, 2,188 users ported out of 9mobile, while 3,891 left in November, representing a sharp erosion of consumer confidence. Despite the rising complaints, 9mobile has yet to issue a formal statement addressing the outage or offering a timeline for resolution. With no clear explanation from the company and the NCC silent on enforcement or consumer compensation, users are left stranded and businesses continue to suffer. Consumer rights advocates are now calling on the NCC and the Ministry of Communications and Digital Economy to investigate the blackout and compel 9mobile to restore service and compensate affected customers. “This is no longer just a network issue,” said one ICT analyst. “It’s a public infrastructure failure, and it’s hurting the economy of an entire region.”

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PFN President Bishop Wale Oke Calls for National Prayer Says There is Light for Nigeria

The President of the Pentecostal Fellowship of Nigeria (PFN), Bishop Francis Wale Oke, has called on spiritual leaders across the country to unite in prayer for divine intervention amid Nigeria’s deepening economic and security crises. Speaking in Uyo, Akwa Ibom State, at the ongoing PFN retreat commemorating the body’s 40th anniversary, Bishop Oke emphasized that the nation is in urgent need of God’s healing. “Nigeria needs divine intervention and such can only come from God Almighty,” Bishop Oke declared. “As Christian leaders, we are entrusted with the spiritual burden to deliver this nation through prayer and righteousness.” While acknowledging the efforts of the federal government to tackle national challenges, the cleric insisted that only God can provide lasting solutions. He expressed optimism that Nigeria is approaching a turning point, encouraging citizens to remain hopeful. “Nigeria will be better,” he assured. “Let us join hands, seek the face of God, and believe in His promises. He will heal our land.” Speaking on the theme of the retreat, “PFN Yesterday, Today and Tomorrow,” the bishop explained that the gathering reflects on God’s faithfulness to the country and the Church over the years. He reiterated that PFN is committed to building a better Nigeria through spiritual engagement, moral living, and the propagation of righteousness. “Violent killings, banditry, and kidnappings are the works of darkness. But we are here to shine the light of God. The Bible says when light shines in darkness, darkness cannot overcome it. There is light for Nigeria,” he declared.

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Controversial Influencer VeryDarkMan Re-Arraigned for Cyberbullying Iyabo Ojo, Tonto Dikeh, Others

Controversial social media figure Martins Otse, popularly known as VeryDarkMan (VDM), was re-arraigned on Thursday at the Federal High Court in Abuja on a five-count charge bordering on cyberbullying and defamation against several public figures The Nigeria Police accused the outspoken activist of publishing offensive and defamatory content on his Instagram handle targeting celebrities including Nollywood stars Iyabo Ojo and Tonto Dikeh, and music producer Samuel Oguachuba (a.k.a. Samklef). The charges also include alleged derogatory comments aimed at senior police officers and lawmakers. VDM pleaded not guilty to all charges before Justice Musa Liman, who now presides over the case following the transfer of Justice Mobolaji Olajuwon to another division. Otse had previously been arraigned on the same charges in May 2024 and was granted ₦10 million bail with stringent conditions. According to court documents (Charge No: FHC/ABJ/CR/140/2024), VDM is alleged to have: VDM’s lawyer, Deji Adeyanju, requested that the previously granted bail terms be retained. The prosecution did not object, and Justice Liman upheld the earlier bail conditions. The case was adjourned to July 24, 2025, for trial. The charges fall under Section 24 of the Cybercrime (Prohibition, Prevention, etc.) Act, 2015, which criminalizes online harassment and the spread of harmful content.

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Labour Party Chairman Abure Dares Peter Obi, Others to Prove Corruption Claims:

Labour Party Chairman Abure Dares Peter Obi Others to Prove Corruption Claims

Labour Party National Chairman, Julius Abure, has publicly challenged Peter Obi and other former presidential aspirants to present evidence of any funds allegedly given to him or the party during the 2023 general elections. In a video shared by Symfoni on Tuesday, Abure firmly denied receiving money from any candidate for personal use, including Peter Obi, the party’s 2023 presidential flagbearer. He warned that if provoked further, he would expose certain individuals in the party, claiming their reputations would be tarnished “like rotten eggs.” Addressing party members in Abuja, Abure said, “Let any of them—Peter Obi and others who contested—come out and say what they personally gave me or the party. Enough of hiding and alleging corruption. If they have evidence, let them present it. If not, they should remain silent forever.” He also hinted at convening a world press conference to address the allegations, saying he has stayed quiet out of respect and a hope for reconciliation. Speaking further, Abure criticized Abia State Governor Alex Otti, claiming the party received no money from him either. “He asked me what he could do for me. I said, ‘Nothing. Use your money for the election,’” Abure stated. “The party doesn’t have N1,000 from him or any other elected officials, except a few.” Amid growing internal rifts and accusations of financial misconduct, Abure maintained that the Labour Party leadership rejected bribes and resisted political pressure during and after the elections.

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UK Commends Tinubu’s Economic Reforms Says Nigeria Now More Investible

ABUJA — The British High Commissioner to Nigeria, Richard Montgomery, has commended President Bola Ahmed Tinubu for implementing bold economic reforms that have made Nigeria more appealing to investors. Speaking at a press briefing in Abuja on Wednesday, Montgomery described the policies as transformative and praised the administration’s efforts. He highlighted the removal of fuel subsidies and the unification of the exchange rate as major achievements, noting that these reforms are already improving Nigeria’s investment climate. “These economic reforms are paying off, and they are now making Nigeria more investible,” he stated. While applauding the reforms, Montgomery acknowledged the current economic hardship faced by many Nigerians due to rising inflation, which he said remains in the mid-20 percent range. He admitted the reforms are painful in the short term but necessary for long-term stability. Despite the economic strain, the High Commissioner expressed optimism, projecting that inflation would ease in the coming months and years, further reinforcing Nigeria’s status as a promising destination for foreign investment.

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JAMB Admits to Technical Glitch In 2025 UTME

The Joint Admissions and Matriculation Board has admitted that there were errors that affected the performance of candidates during the 2025 Unified Tertiary Matriculation Examination held across different centres in the country. The Registrar of the board, Ishaq Oloyede, who made the admission during a media briefing in Abuja on Wednesday, also broke down in tears while admitting to the error. “Once again, we apologise and assure you that this incident represents a significant setback…. We remain committed to emerging stronger in our core values of transparency, fairness and equity. “It is our culture to admit error because we know that in spite of the best of our efforts, we are human; we are not perfect,” Oloyede said as he wiped tears off his eyes with a white handkerchief. He also announced that about 379,997 candidates in the just concluded 2025 exercise would retake the examination. This followed widespread complaints of technical glitches, unusually low scores, and alleged irregularities in the questions and the answers during the exercise. However, in a post on its X handle on Wednesday, the examination body said it established that a technical glitch affected 157 centres out of the 887 centres. This, it said, was responsible for the general low performance of the candidates. It said, “Man Proposes, God Disposes! It has been established that a technical glitch affected 157 centres out of the 887 centres in the 2025 UTME. This was basically responsible for the general low performance of the candidates scheduled to sit the examination in those centres. “As such, all the affected candidates will be contacted to reprint their examination slips towards retaking their examinations starting from 16th May, 2025.” JAMB had released a statistical breakdown of the 2025 UTME, where it revealed that over 1.5 million of the 1.95 million candidates who took the examination scored below 200. In a post on its official X on May 5, it highlighted that a total of 1,955,069 candidates sat for the examination, and of this number, a significant 1,534,654 candidates—representing 78.5 percent —scored below the 200 mark. A breakdown of the results showed that only 4,756 candidates (0.24 percent) achieved scores of 320 and above, while 7,658 candidates (0.39 percent) scored between 300 and 319. In total, just 12,414 candidates (0.63 percent) scored 300 and above. For the 250-299 score range, 73,441 candidates (3.76 percent) were recorded, while a larger proportion, 334,560 candidates (17.11%), scored between 200 and 249. The category with the highest number of candidates was the 160 to 199 range, with 983,187 candidates (50.29 percent). Further down the scale, 488,197 candidates (24.97 percent) scored between 140 and 159, and 57,419 candidates (2.94 percent) scored between 120 and 139. A percentage of candidates, 3,820 (0.20 percent), scored between 100 and 119, while 2,031 candidates (0.10 percent) fell below the 100 mark. In addition to the overall results, JAMB also disclosed that 40,247 underage candidates were allowed to participate in the examination due to their “exceptional abilities.” However, only 467 of these candidates (1.16 percent) achieved scores that met the defined threshold for “exceptional ability.” In 2024, over 1.94 million candidates registered for the UTME, with 1,904,189 candidates taking the examination across 118 towns and more than 700 centres. JAMB also said that only 0.4 percent of candidates who took the 2024 examination scored above 300, while 24 percent scored 200 or higher. JAMB also reported that 97 candidates were involved in examination infractions in the 2025 UTME, while 2,157 others were under investigation for “suspected malpractices.” The board further noted that 71,701 candidates were absent from the examination, and those facing biometric challenges were being investigated. JAMB also noted that those cleared would be rescheduled for examination at designated centres. It added that some results, including those of blind candidates and candidates in the JEOG category, are still being processed and will be released once finalised. JAMB had assured that candidates who faced biometric challenges or were involved in investigations would be given fair treatment, with rescheduling for those cleared.

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EFCC Presents Ninth and Final Witness against Suswam in Alleged N3.1b Fraud

The Economic and Financial Crimes Commission, EFCC on Wednesday, May 14, 2025 presented the Ninth and last Prosecution Witness, PW9, Ape Sunday against the former governor of Benue State, Gabriel Suswan. The Commission is prosecuting Suswan alongside his then Commissioner of Finance, Omodachi Okolobia on amended 11-count charge, bordering on diversion of public funds to the tune of N3.1 billion (Three Billion, One Hundred Million) being part of the proceeds from the sale of the state government’s shares, held on its behalf by Benue Investment and Property Company Limited. During Wednesday proceedings, prosecuting counsel, A.O Atolagbe informed the court that the prosecution was presenting its ninth and the last of its witnesses, implying that it was closing its case with the testimony of the witness. The closing of its case with PW9 followed the inability of the 10th Prosecution Witness, PW10, Mrs Shiedu Awade to testify in court due to ill health. The Ninth Prosecution Witness, PW9, an investigator with the EFCC, while being led in evidence informed the court that PW10, a former cashier and executive officer of Benue Investment and property Ltd has been on admission in National Hospital, Abuja and that it was impossible for her to show up in court to testify due to the serious nature of her illness. In response to prosecution’s final presentation of witnesses, counsels to the first and second defendants C.E Ugbozor and Paul Erokoro, SAN, respectively informed the court that they will be filing “a no case submission” and requested that the judge grants them 14 days period to so, while prosecution counsel on his part requested the court to grant him 21days to enable him file his response to the defence’s “no case submission.” Justice Lifu adjourned the matter till June 24, 2025 for the adoption of the defence “no case submission.”

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