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Nigeria formally joins European Bank for reconstruction, development

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Nigeria has been formally admitted as a member of the European Bank for Reconstruction and Development (EBRD), marking a significant step towards boosting private sector access to international capital and supporting the country’s long-term economic transformation.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, led a high-level delegation to the EBRD 2025 Annual Meetings in London, where Nigeria’s accession was formalized.

Speaking at the Board of Governors’ Plenary Session, Edun described Nigeria’s membership as a strategic milestone aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

“This is a proud day for Nigeria. Our accession to the EBRD marks a critical milestone in our economic reform journey.
We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth,” Edun stated.

With over 80 percent of its financing directed towards the private sector, the EBRD plays a pivotal role in supporting entrepreneurship, SMEs, and large-scale investments across key sectors.

Nigeria’s membership opens new opportunities for local businesses to access development finance and technical expertise across priority areas such as energy transition, infrastructure, agriculture, and digital innovation.

The Minister also held high-level bilateral meetings with delegations from France and the United States, reinforcing Nigeria’s position as an active and trusted partner in global economic governance.

Held under the theme “Expanding Horizons, Enduring Strengths,” the 2025 EBRD Annual Meetings brought together leaders from over 70 economies to advance dialogue on inclusive growth, resilience, and sustainable development.

In a statement, Mohammed Manga, Director of Information and Public Relations, said that as Nigeria embarks on this new chapter of economic cooperation with the EBRD, the country is poised to leverage the Bank’s expertise and resources to drive sustainable growth, create jobs, and improve the lives of its citizens.

He noted that with this strategic partnership, Nigeria is set to unlock new opportunities for economic transformation, cementing its position as a key player in global economic governance.

Ondo APC Chairman’s Ransom Bearers Abducted, Kidnappers Make Fresh Request

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Two people who allegedly offered to deliver the ₦5 million ransom for Nelson Adepoyigi’s release have reportedly been abducted by the gunmen who kidnapped the Ward 5 Chairman of the All Progressives Congress (APC) in Ose Local Government Area of Ondo State.

The kidnappers are now requesting ₦30 million in order to free Adepoyigi and the two ransom bearers, Bayode Loco and Isimeri, in the wake of this tragedy.
Around 10 p.m. on Monday, Adepoyigi was reportedly kidnapped from outside his Ifon home, where he was beaten by the gunmen before being dragged away by force.

The community is in a state of disarray as a result of this crisis, which has further shattered and alarmed the victim’s family and political circles.

After discussions, the kidnappers lowered their initial demand of ₦100 million in ransom to ₦5 million plus food. Adepoyigi’s family and political associates had hoped for his return, but after collecting the ₦5 million, they broke their word and are now seeking ₦30 million for the safe return of Adepoyigi and the two people.

Read Also: Tougher Measures in Edo as Govt Imposes Death Penalty for Kidnapping

According to one unnamed source, the same kidnappers also took the people who supplied the money hostage.

The Daily Post cited the unidentified source as stating, “They have now turned around to demand a fresh ₦30 million before they can release all three of them.”

Kolapo Oja, the Chairman of the Ose Local Council Area, confirmed the occurrence by revealing that the ransom demand of ₦100 million was reduced to ₦5 million during previous discussions with the kidnappers, along with the provision of food supplies.

Oja, who expressed his concern over the situation, called for calm as the state’s security forces step up their efforts to guarantee the victims’ safe rescue.

Tougher Measures in Edo as Govt Imposes Death Penalty for Kidnapping

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Governor Monday Okpebholo and the State House of Assembly are united in their strong opposition to the growing issue of kidnapping, according to the Edo State administration.
This was revealed by Fred Itua, the governor’s chief press secretary, in a statement released on Thursday.
The Edo State House of Assembly enacted the Kidnapping Prohibition (Amendment) Law, 2025, according to the government’s statement, “A STEP-BY-STEP BREAKDOWN OF NEW KIDNAPPING PROHIBITION LAW IN EDO STATE.”

“Governor Monday Okpebholo and members of the State House of Assembly are united in taking a firm stand against the escalating threat of kidnapping in Edo State,” the statement said. In 2025, the Edo State House of Assembly passed the Kidnapping Prohibition (Amendment) Law. A daring legislative milestone, this amended law aims to tighten the noose around kidnappers, their accomplices, and those who facilitate their activities. The government’s determination to improve public safety and rebuild trust in the state’s legal and law enforcement systems is evident in this. This modified law has greatly increased the severity of the punishment for abduction. According to one of the nation’s strictest anti-kidnapping laws, anyone directly implicated in a kidnapping when a life is lost faces the death penalty. In contrast to earlier laws that imposed milder penalties, convicted kidnappers now risk life in prison for situations in which the victims survive the ordeal.

Additionally, the law establishes a minimum term of 21 years for anyone who attempts to perpetrate, helps, abets, or conspires to commit the crime of abduction, demonstrating the government’s goal to punish not only the act but also the whole network of support that underlies it.

The clause that targets people who give kidnappers shelter, hiding places, or logistical help is another ground-breaking feature of the legislation. These people now face a minimum 14-year prison sentence upon conviction, regardless of whether they were personally involved in the crime. The goal of this broad provision is to eliminate the conditions that allow abductions to be planned and carried out, so plugging the gaps that criminals have long taken advantage of.

Additionally, the legislation expands the definition of what is considered abduction. It now involves forcing someone else into imprisonment, regardless of the length of time or type of incarceration, by use of threats or deception. The goal of this redefinition is to include a broader range of criminal strategies, particularly those that deprive people of their liberty without resorting to conventional hostage-taking situations.

It’s noteworthy that the legislation makes ransom negotiations illegal as well. Now, anyone—whether a family member or not—who accepts, proposes, or facilitates the exchange of ransom money could face legal action. The goal of the law is to make it less profitable for offenders by ending the circle of financial incentives that have supported the crime’s continuation. Similarly, it is now illegal to possess both immovable and moveable property obtained through ransom money, as this can result in forfeiture and other legal repercussions.

Included in the Kidnapping Prohibition (Amendment) Law, 2025 are provisions that guarantee the safety of victims and witnesses throughout the legal battle. It requires witnesses to remain anonymous and protects them from possible retaliation. This clause represents a shift toward a more victim-sensitive justice system and is crucial considering the anxiety and hesitancy sometimes connected to testifying against dangerous perpetrators.

Read Also: Ohanaeze to JAMB: Award 300 Marks to All South-East Candidates or Face Lawsuit

“This new law is a response to the increasing calls for stricter laws from the public, security experts, and civil society to stop the increase in kidnappings that have not only endangered lives but also disrupted economic activity and disturbed communal harmony.”

“The Edo State government has made it obvious that it would no longer put up with criminal activity that infringes upon the sanctity of human freedom by deciding to implement such extensive and severe actions.

Training law enforcement personnel, informing the public on the implications of the amendments, and sensitizing the judiciary will be prioritized as the state carries out the terms of this law. For the law to be effective and to create a safer Edo State where people can live without fear, a multifaceted strategy is required.

Ohanaeze to JAMB: Award 300 Marks to All South-East Candidates or Face Lawsuit

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Ohanaeze Ndigbo Youth Council Worldwide, the youth section of the Igbo sociocultural organization, has requested that the Joint Admissions and Matriculation Board (JAMB) assign 300 points to all South-East students for the 2025 Unified Tertiary Matriculation Examination (UTME).
Ohanaeze criticized JAMB for its intention to administer a new test to anyone affected by what it called unacceptable flaws in the recently released 2025 UTME results.
According to reports, on Wednesday, May 14, Prof. Ishaq Oloyede, the JAMB Registrar, admitted that errors were a factor in the poor test results of applicants from Lagos State and the five South-East states.

As a result, the Board declared that plans were in motion to reschedule the test for the impacted applicants.
However, Mazi Okwu Nnabuike, the National President of Ohanaeze Ndigbo Youth Council Worldwide, stated that this arrangement was completely unacceptable in a statement made public on Thursday, May 15.

According to Okwu, it was unfair for JAMB to put the candidates through “another round of mental torture, stress, and risk” because of uncontrollable conditions.

Since JAMB has already tortured our people’s minds, we want to make it clear that they will not tolerate any more exams.

Read Also: APC Governors Stand with Tinubu, Vow Support Amid Economic Reforms

The candidates have been subjected to mental torment ever since the phony results were revealed, thus they are not in the correct state of mind to take another test.

In addition, who will pay for it? Are these the same parents that are having a lot of financial difficulties?

“How dangerous would it be to relocate to the exam sites in a nation plagued by insecurity?” Ohanaeze asked.

“Having said this, we demand that JAMB assign a 300 score to all the South-East candidates affected by its own error, not the candidates’,” Nnabuike added. Igbos have a lot of intelligence and might have earned $300 or more.

“It was obviously intended to punish the people of the South-East by denying them access to education.

“We will not hesitate to take JAMB to court if they disregard our request; the Board will not be saved by the Registrar’s crocodile tears.”

APC Governors Stand with Tinubu, Vow Support Amid Economic Reforms

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In the midst of widespread economic hardship and mounting popular discontent, governors elected on the All Progressives Congress (APC) platform have reaffirmed their steadfast support for President Bola Tinubu’s bold reform initiatives.
Imo State Governor and Chairman of the Progressive Governors Forum (PGF), Hope Uzodimma, declared at a closed-door meeting in Abuja on Wednesday that despite early criticism, Tinubu’s economic reforms are gaining respect domestically and internationally.
The summit, which brought together APC governors, ministers, and party officials, provided an opportunity to assess the administration’s success, reaffirm party unity, and define a course forward in support of Tinubu’s vision for Nigeria.

“At the start of this administration, the opposition was very vocal in criticizing the government’s reform efforts. But today, the president is vindicated,” Uzodimma stated.

He explained that Tinubu’s economic measures, which have been heavily criticized domestically, are now being praised by renowned worldwide institutions. “The president is being commended by international bodies such as the World Bank and the IMF,” the official said.

Uzodimma stressed that the APC’s unity and internal democracy are critical to the party’s success. “This government was created by all progressive governors. Everyone present today is an APC member, regardless of their official status. “We’ve come together to congratulate ourselves and Nigeria on recent developments,” he said.

According to him, the discussion focused on strategizing how to effectively serve party members and residents who remain loyal to the party even during difficult times.

“We have a duty to support this brave man, who is committed to Nigeria’s progress,” according to the governor.

Speaking about President Tinubu’s forthcoming second anniversary in office, he stated that plans were underway to mark the occasion with a mix of celebration and reflection. “The APC National Working Committee will soon unveil the anniversary programmes and events, with full participation,” he assured us.

Read Also: Group Protests Tinubu’s NCDC Pick, APC Forum Breaks Silence

Meanwhile, Mohammed Idris, Minister of Information and National Orientation, described the meeting as a strategic and private-party conversation.

“This was a family meeting of APC governors, ministers and National Working Committee members,” Idris told the media.

He emphasized that the event provided an opportunity to assess the government’s success as it approached the midway point of its tenure. “We are delighted with what has been accomplished thus far. “There’s a lot to show,” he remarked.

The minister stated that the APC is increasing public engagement to better inform residents about the administration’s milestones while also soliciting comments for future improvements.

“We aim to collectively ensure Nigeria achieves the prosperity President Tinubu promised on taking office,” he stated. “In spite of challenges, we’re on the right path, and with God’s help, Nigeria will succeed.”

Group Protests Tinubu’s NCDC Pick, APC Forum Breaks Silence

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The concerns against President Bola Tinubu’s choice of Cyril Tsenyil as the Managing Director of the recently established North Central Development Commission (NCDC) have been dismissed by the North-Central All Progressives Congress (APC) Forum.
Through its chairman, Alhaji Saleh Zazzaga, the APC Forum said Thursday that those behind the protests against Tsenyil’s appointment are opposition-funded imposters who are trying to discredit the North Central Development Commission and thwart its goal of fostering rapid development in the North-Central area.

According to information obtained, the Concerned Plateau Youth Forum, a group of Plateau State residents, urged President Bola Tinubu on Wednesday to immediately withdraw Tsenyil’s candidacy, claiming that the appointment does not serve the interests of the state’s citizens as a whole.

The organization said it would demonstrate in Abuja to demand that Tsenyil’s nomination as MD of the North Central Development Commission be withdrawn in a statement signed by Danladi Pam. The North-Central APC Forum responded by calling the Concerned Plateau Youth Forum and Danladi Pam mysterious organizations that are controlled by opposition politicians who are unhappy with the accomplishments of the APC government under President Bola Tinubu.

The Forum also denounced the group’s statement as an effort to exert pressure on President Tinubu.

In order to avoid being seen as enemies of the North-Central area, the APC Forum advised individuals responsible for the purported conspiracy to think again about their actions.

We boldly state that these individuals are neither native to the North-Central region nor inhabitants of the Plateau. With a tried-and-true technocrat like Mr. Cyril Tsenyil appointed as the Managing Director, no right-thinking North Centraler would want to stand in the way of the North-Central Development Commission’s accelerated development.

We don’t know the aforementioned Danladi Pam or his crew. We think that the faceless people are instruments in the hands of the opposition, even when we challenge them to reveal their identities.

“We disassociate ourselves from these anonymous people as legitimate North-Central stakeholders. They and their sponsors are neither our members, nor are they interested parties in the joint effort to advance and develop the North-Central area.

The statement, which Zazzaga, an APC campaign council member for the 2023 election, signed, said, “We urge the well-meaning people of the region to ignore the attempts being made by these entities to cause confusion and sabotage the mandate of the North-Central Development Commission.”

The nominee works for Tinubu and is an APC member.
According to the APC Forum, Cyril Tsenyil’s selection as the North-Central Development Commission’s managing director was well-earned.

Together with his illustrious career as a professional accountant, the Forum observed that Tsenyil has shown steadfast loyalty and dedication to the APC by carrying out a number of duties and responsibilities that have greatly aided in the growth and accomplishments of the party.

Mr. Cyril Tsenyil has an APC card. He has contributed to the accomplishments of President Bola Tinubu’s government, and we fully trust him to fulfill the North-Central Development Commission’s mandate.

Many of our members have worked with him on various committees and can vouch for his skill, so we are aware of his capacity.

As those involved who advocated for the establishment of the North-Central Development Commission, we would want to state unequivocally that we support Mr. President’s selection of Cyril Tsenyil.

“We urge the North-Central community to provide him with all the assistance he requires to complete this crucial task. Following a first delay, this new commission was answered for the North-Central, and we encourage the local population to pray and contribute to its success,” the statement continued.

The APC Forum commended Tinubu for selecting Tsenyil as the Commission’s Managing Director, claiming that with Tsenyil spearheading the organization’s mission, the North-Central region is well-positioned to meet its pledge to cast six million votes for Tinubu in the 2027 election.

On May 8, 2025, President Bola Tinubu reportedly formally presented his candidates to the Senate for the positions of South West, North Central, and South-South development commission leaders.

Read Also: Breaking: UTME Shake-Up: JAMB Reschedules Exams for 379,997 Affected Candidates

Cosmos Akiyir was nominated as Chairman and Cyril Tsenyil as Managing Director of the North Central Development Commission, which had 19 nominees.

To address developmental challenges in the North-Central area of Nigeria, Tinubu signed legislation on February 4, 2025, creating the North-Central Development Commission (NCDC).

Breaking: UTME Shake-Up: JAMB Reschedules Exams for 379,997 Affected Candidates

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A new Unified Tertiary and Matriculation Examination has been planned for the 379,997 applicants who were impacted by the Joint Admission and Matriculation Board’s (JAMB) blunder.
Prof. Ishaq Oloyede, the examination body’s registrar, announced the rescheduling during a news conference in Abuja on Wednesday, and it started Thursday morning.

Punch claims that one of the impacted applicants has been rescheduled to take her exam on Saturday, May 17, 2025, by 12 p.m. at one of the Lagos centers in Igando village, which is located in the Alimosho Local Government Area of the state, according to a reprinted exam slip that was seen on Thursday morning.

Read Also: Solitary Confinement: DSS Rejects Allegations in Kanu’s Case

Oloyede reportedly acknowledged mistakes in the recently finished exam that affected 206,610 students in 65 locations in Lagos and 92 locations in the Owerri zone, totaling 173,387 candidates across the five South East states.

Oloyede acknowledged, “What should have been a moment of joy has changed due to one or two errors.” “Even after we arranged all the equipment, mistakes persisted.”

“206,610 in 65 centers in Lagos and 92 centers in the Owerri zone comprising 173,387 candidates in the five states of the South East were affected,” he continued.

Oloyede, who accepted responsibility for what he called a “sabotage” of the 2025 UTME, stated that the Board will begin texting the impacted candidates on Thursday.

Affected candidates will now have the chance to repeat the test between May 16 and May 19, 2025, he added.

Solitary Confinement: DSS Rejects Allegations in Kanu’s Case

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The Department of State Services (DSS) has denied that it kept Nnamdi Kanu, the jailed leader of the Indigenous People of Biafra (IPOB), in solitary confinement.
The DSS stated that Kanu, who is facing a seven-count terrorism and treasonable felony charge preferred by the federal government, is not being held in solitary confinement.
At the case’s resumed hearing on Wednesday, a DSS operative whose identity was protected for security reasons continued to testify as a witness before the Federal High Court in Abuja.

Answering questions while being cross-examined by Kanu’s legal team, led by former Attorney-General of the Federation and Minister of Justice, Chief Kanu Agabi, SAN, the operative, identified as PW-BBB, insisted that “solitary confinement is not a practice of the DSS.”

Read Also: Tragedy as Teen Commits Suicide Over Poor UTME Result

Agabi has raised worry over Kanu’s protracted arrest, stating that he was held in solitary confinement.

In his response, the witness denied the claim and informed the court that he was only an investigator, admitting that he was not Kanu’s “handler.”

Not deterred by the response, Agabi questioned the legality of Kanu’s continued detention, which he described as “cruel and inhuman treatment.”

Responding, the witness informed the court that he could not speak on Kanu’s psychological state because it was not part of his investigative duties.

Tragedy as Teen Commits Suicide Over Poor UTME Result

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19-year-old Opesusi Faith Timilehin passed away, and the Odogunyan community in Ikorodu, Lagos State, is in sorrow.
According to reports, Opesusi committed suicide after getting a low mark on the Unified Tertiary Matriculation Examination (UTME).
The terrible death of Opesusi Faith Timilehin, 19, who purportedly committed suicide after being extremely disheartened by her Unified Tertiary Matriculation Examination (UTME) result, has cast a pall over the Odogunyan community in Ikorodu, Lagos State.

Faith, a Lagos resident originally from Ogun State’s Abeokuta, was determined to get a degree in microbiology. Her UTME score of 190, which was well below her expectations and, in her opinion, insufficient to gain admission to a university, caused her to become emotionally overwhelmed.

Faith has already attempted the UTME, according to a close family friend. The results of this year’s exam were especially heartbreaking because she had previously taken it and done better.

“She insisted that there was no hope for her future and that her prior score was higher,” the family friend revealed.

Read Also: Senate Confirms President Tinubu’s INEC Commissioner Nominees

Faith apparently consumed a dangerous drug known locally as “Push Out” shortly after seeing her results on Monday. Medical staff failed to save her despite her rapid arrival at Kolak Hospital in Odogunyan. Not long after arriving, she was pronounced dead.
A bitter reminder of a desire that may have come true, an email notification offering her provisional admission to study microbiology arrived just 30 minutes after her death.

Shortly after her death was officially verified, the email arrived. In fact, admittance had been offered to her,” a family insider disclosed.

Locals recall her as kind, quiet, and hardworking, and her sudden death has left a void in the town.

Her distraught parents made the trip from Abeokuta to set up her funeral, while distraught neighbors and supporters expressed their annoyance with the testing process. The young woman’s dejection was attributed by many to the emotional pressure brought on by the general lackluster performance in this year’s UTME.