Home Blog Page 3

Part-time parliament: Senate warns that no level of cost-cutting should affect their salary

0
SENATE
Senate disowns controversial viral footage showing man kissing woman, slams false claims of senatorial involvement.
Part-time parliament: Senate warns that no level of cost-cutting should affect their salary.

Parliament

Join our WhatsApp community

Senate Spokesman Yemi Adaramodu has stated that no level of cost-cutting should affect the allocations to lawmakers.

The lawmaker said this while rejecting the call for Nigeria to run a part-time parliamentary system.

According to him, a part-time parliament would mean a part-time democracy, insisting Nigeria cannot run such a risk.

He stated this on Friday during an interview on Channels Television, adding that the country’s democracy would be jeopardised if parliamentarians in the two legislative arms transit from what is currently obtainable to part-time.

“If the parliament is on part-time, then it means democracy is on part-time,” he said, adding that “There is no democracy that derides its parliament and thrives.”

Adaramodu, a member of the ruling party, who represents Ekiti South Senatorial District, said that lawmakers of the Red and Green chambers, 109 Senators and the 360 members of the House of Representatives respectively, shoulder the responsibilities of their constituents.

parliament

He said they are not just in the national assembly to make laws but also for oversight function and advocating for their constituents.

According to him, Nigerians have access to the legislature out of the three arms of government.

“We go home almost every time and we are the ones when they give birth to a new baby, they ask for naming ceremony funds. When they are building a new house, it is from us they ask for assistance.

“So, if the parliament was not there, who do you expect that our constituents would run to?

“If we are on part-time, can’t the same amount of money be paid to part-time legislators?” He asked.

SENATE

Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS  NEWS

June 12: Bwala hits back at Peter Obi – You were in Malaysia buying, selling.

0
Bwala
June 12: Bwala hits back at Peter Obi – You were in Malaysia buying and selling.

Peter Obi

Join our WhatsApp community

Presidential spokesperson, Daniel Bwala, has called out the presidential candidate of the Labour Party in 2023, Peter Obi, over his recent criticism of the Bola Tinubu administration.

Bwala, the Special Adviser on Policy Communication to President Bola Tinubu, suggested that Peter Obi should have no position on issues of June 12, 1993, since, according to him, the former Anambra State governor was in Asia buying and selling and has no record of participating in the struggle.

Obi during the Democracy Day celebration called on  Tinubu to follow the footsteps of former presidents Umaru Yar’Adua and Goodluck Jonathan.

Obi told the President to emulate ex-President Yar’Adua in accepting that the process through which he came to power was wrong.

He also said the president should be like Jonathan who saved Nigeria’s democracy by accepting defeat.

Peter Obi and his camp have always insisted that the 2023 presidential election was marred by irregularities and its results should not have stood.

Obi also said that there is no democracy under the administration of Bola Tinubu.

In a post on X on Friday evening, Bwala felt that the former governor should not comment on issues of democratic struggle in Nigeria.

Forex Crisis: Bwala Suggests Sacking Key Bank Officials

He wrote, “Please can someone confirm to me whether it is true that on June 12, 1993 and weeks after that  @PeterObi Peter Gregory Obi was in Malaysia or somewhere in Asia doing buying and selling trading business?

“I searched the internet to see any of his involvement in the struggle for democracy, I couldn’t see any link ohh.”

Meanwhile,  some Nigerians commented under the post by Bwala, who was a frontline critic of the Tinubu administration but now a defender of the government.

@Udoh_D responded saying, “Can you show any evidence of Tinubu’s involvement in the struggle for democracy during the period you referenced—aside from fleeing to London to cool off?

Uncle Dele even housed him at some point.”

@Alphama… wrote, “As at the time you mentioned he was running a multimillion dollar business, he ain’t much older than you are but I wonder where you were at the time. It is very nice that you said he was running a legitimate business, not that he was dealing drugs or laundering money. What do you mean by struggle for democracy?

“Most of those you referred to did whatever they did not for the sake of our country, but for the same reason of grabbing power which they have been consistent with. Could every Nigerian have been in the field marching on the streets in a bid to return the country to civil rule? Did the constitution say that it is only those who were on ground at the time that can lay claim to the number one seat of Nigeria?… Sometimes when some of you talk I ask questions as to how your brains function. ..”

@Colman12Francis, wrote, “You’re  a waste of legal  education if you  actually claim that you’re a lawyer. Let us assume that Tinubu  fought  for democracy  in 1993. Are you suggesting that he should be a life president?  If fighting  for  democracy qualifies  him to  be the president as your post suggests, what shall  we say of those who fought  for independence? What indices  in Tinubu’s  government  have shown that  he has an idea what democracy means?  Daniel  @BwalaDaniel, may hunger that  made all this charlatan never leave you and yours now and generations ahead.”

Peter Obi
Obi x Tinubu
Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS NEWS

EFCC Arraigns SunTrust Bank Top Executives Over Alleged $12m Fraud.

0
SunTrust Bank
EFCC Arraigns SunTrust Bank Top Executives Over Alleged $12m Fraud.

EFCC

Join our WhatsApp community
Two top executives of SunTrust Bank have been arraigned before Justice Emeka Nwite of the Federal High Court, Abuja, over alleged involvement in a $12 million money laundering scheme.
They were arraigned by operatives of the  Economic and Financial Crimes Commission, EFCC, on Friday.
The defendants, Halima Buba, Managing Director and Chief Executive Officer of SunTrust Bank, and Innocent Mbagwu, Executive Director and Chief Compliance Officer, were arraigned on a six-count charge bordering on conspiracy and money laundering.
According to the EFCC, the accused SunTrust Bank issue allegedly facilitated cash payments in breach of money laundering regulations, including transactions involving $3 million made without passing through a financial institution.
One of the charges read: “That you, Halima Buba and Innocent Mbagwu, on March 10, 2025, in Abuja, aided Femi Gbamgboye to make a cash payment of $3,000,000 to Suleiman Muhammed Chiroma and associates without going through a financial institution.”
The offence is contrary to the Money Laundering (Prevention and Prohibition) Act, 2022.
Another count accuses the two officials of conspiring on March 13, 2025, in Lagos, to facilitate a similar transaction involving $3 million to Mukhtar Miko, an associate of Chiroma, also without routing the funds through a financial institution.

EFCC

Both defendants pleaded not guilty to all charges.
Lead EFCC counsel, Rotimi Oyedepo, urged the court for an accelerated hearing, arguing against the bail applications submitted earlier by the defence on the SunTrust Bank issue.
He told the court that the applications, filed on May 27, were legally defective as they were made while the defendants were neither arrested nor arraigned. He argued that bail applications must follow proper procedure under the Administration of Criminal Justice Act (ACJA).
However, the defence counsel, J.J. Usman, maintained that the bail request was valid and asked the court to grant it.
Ruling on the applications, Justice Nwite admitted both defendants to bail in the sum of N100 million each, with one surety each in like sum.
The sureties must own landed properties in Abuja, submit property documents, international passports, and two recent passport photographs, all subject to court verification.
The judge ordered that the defendants be remanded in a correctional facility pending the fulfilment of their bail conditions and adjourned the case to July 17 and 18 for trial.
EFCC
Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS NEWS

PDP crisis: South-East leaders, chairmen endorse Anyanwu as National Secretary.

0
South-East
PDP crisis: South-East leaders, chairmen endorse Anyanwu as National Secretary.

PDP

Join our WhatsApp community

South-East leaders and state chairmen of the Peoples Democratic Party, PDP, have recognised Samuel Anyanwu as the authentic National Secretary of the party.

The decision was taken at the Abia State PDP secretariat in Umuahia on Friday, during an expanded meeting that attracted some national officials of the party.

Explaining the reason for recognizing Anyanwu, the South-East PDP leaders spoke of the need to respect the Supreme Court judgement which they said affirmed him as the authentic National Secretary of the party.

PDP National Vice Chairman, South-East, Chidiebere Goodluck, who addressed the expanded meeting, advised all aggrieved members to return to the fold to strengthen the party for future election victories.

He said that PDP being a law abiding institution, believes in the rule of law which entails that Anyanwu and other leaders of the PDP be supported to lead the party at the national and state levels.

pdp

Also, the chairman of Imo State PDP, Austin Nwachukwu, said Anyanwu is the recognised National Secretary of the party.

He commended the members of the Abia State PDP led by former Governor Okezie Ikpeazu, the chairman Abraham Amah and Senator Austin Akobundu, for their efforts in maintaining unity and focus.

Earlier in his speech, Abia State PDP chairman Abraham Amah said he has obtained the Certified True Copy of the court ruling sacking the elected executives of the PDP in the state.

He said the judgement will be challenged at the Appeal Court.

Lagos PDP

Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS NEWS

 

Singer Victony reveals that he has never been on stage without taking alcohol.

0
Victony
Singer Victony reveals that he has never been on stage without taking alcohol.

Victony

Join our WhatsApp community

Nigerian singer, Anthony Ebuka Victor, popularly known as Victony, has revealed that he uses alcohol to enhance his performance.

The ‘Soweto’ hitmaker explained that he has never been on stage without taking alcohol.

Victony

In a conversation with Behind The Prestige, Victony said he plans to change that during his ongoing ‘Stubborn’ tour to give him real experience with his fans.

He said,

“I’m trying to do this tour so wow. It’s a big challenge. I have never been on stage without taking alcohol. But [for this tour], I’m trying to see my fans clearly and truly connect with them. I just want to try.”

Victony

Join our WhatsApp community 
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST ENTERTAINMENT NEWS

Abiodun charges NYSC members – Shun anti-social behavior.

0
Abiodun
Abiodun charges NYSC members – Shun anti-social behavior.

NYSC

Join our WhatsApp community

Ogun State Governor, Dapo Abiodun, has advised Corps members in the state to avoid all forms of anti-social behavior, demonstrate patriotism, and become agents of change who uplift and inspire others.

The governor gave the advice at the opening and swearing-in ceremony of the 2025 NYSC Batch “A”, Stream II orientation course, held at the Gateway International Stadium, Sagamu on Friday.

Abiodun, while reiterating his administration’s commitment to youth empowerment and inclusive development urged all Corps members to support youth development in their host communities.

He described Corps members as partners in development and ambassadors of progress in their host communities, saying the significant step would make them vital contributors to the progress of the country and more specifically, to the success of Ogun State’s ‘building our future together agenda’.

Abiodun submitted that his administration recognised the strategic role of the NYSC programme in shaping the next generation to become responsible citizens and transformational leaders, commending the leadership and entire management of the NYSC for sustaining the legacy.

NYSC

Abiodun said, “Our administration will continue to invest significantly in initiatives that promote job creation, enterprise development, digital skills training, food security, and educational advancement.

“Through our I.S.E.Y.A mantra —Infrastructure, Social Welfare and Well-being, Education, Youth Empowerment, and Agriculture — we are laying a sustainable foundation for long-term prosperity.

“I encourage you to align with this vision by contributing meaningfully to your host communities, demonstrate patriotism, compassion, discipline, and leadership in all that you do.

“Avoid all forms of anti-social behaviour. Instead, become role models and change agents who will uplift and inspire others. Remember, your actions during this service year will shape your legacy and leave lasting impressions on the lives of many,’’ he added.

Earlier, the State Coordinator of the NYSC, Mrs Olayinka Nasamu, submitted that the three weeks orientation exercise is a structured and regimented programme designed to instill in the corps members a disciplined mindset and sense of self-reliance necessary to confront the challenges that lie ahead during and after the service year.

She advised them to identify the needs of their host communities during their service period and work towards addressing them.

In the same vein, she encouraged them to embrace the opportunity by learning at least two skills for self-reliance and self-sustenance, ultimately becoming an employer of labour, as white collar jobs are becoming increasingly scarce.

APC

Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS NEWS

Albinism awareness day: First Lady urges Nigerians to support persons with albinism.

0
first lady
First lady of Nigeria, Tinubu's wife, Senator Remi Tinubu.
Albinism awareness day: First Lady urges Nigerians to support persons with albinism

First lady

Join our WhatsApp community
Senator Oluremi Tinubu, the wife of President Tinubu, has identified with all persons with albinism across Nigeria and the world, noting that they deserve not only equal rights but also the dignity, safety, and healthcare needed to live full, healthy lives.

She made the remarks as part of solidarity on the 2025 International Albinism Awareness Day.

FIRST LADY

“I stand in solidarity with all persons with albinism across Nigeria and the world,” she said.

This year’s Albinism Awareness Day is themed ‘Demanding our Rights: Protect our Skin, Preserve our Lives’.

She rallied all Nigerians to support those with albinism, saying it is a great call to action. “It reminds us that people with albinism deserve not only equal rights but also the dignity, safety, and healthcare needed to live full, healthy lives”.

The First Lady also pledged to continue to strengthen advocacy for inclusive policies and public education that protect the rights of persons with albinism.

She added, “We must build a society where every Nigerian, regardless of skin condition, can thrive with pride and dignity. Happy International Albinism Awareness Day!”

 Albinism awareness day

Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS NEWS

2027: Anybody eying Otti’s seat taking big risk – Union leader warns Abia opposition.

0
Governor Alex Otti
Abia’s Alex Otti Addresses Labour Party Exit
2027: Anybody eying Otti’s seat taking a big risk – Union leader warns Abia opposition.

Alex Otti

Join our WhatsApp community

The President of Cooperative Motor Union, Abia State, Mr. Chukwuma Azode, has warned that any politician who decides to contest the governorship election against Governor Alex Otti in 2027 would be taking a “very big risk”.

He spoke on Thursday during a “Two-Million Man March” organized by various transport unions in Abia State in solidarity with road infrastructural development by Otti’s administration.

According to the motor union leader, with the achievements of Governor Otti, no sensible politician in Abia should contest governorship election against him.

While claiming that the seat of power is already occupied by Otti from now till 2031, Azode said politicians who are interested in contesting the 2027 governorship election should jettison such ambition.

Abia

“From what we are seeing, I don’t think any sensible person should involve himself in anything concerning elections, because from what we are seeing, His Excellency is supposed to enjoy his eight years.

“So, for now, any opposition that is coming out is taking a big risk because we Abians are in support of His Excellency, Dr Alex Otti for now, and no other person. And all the motor union in Abia State are also endorsing His Excellency for 2027. That’s part of our gathering here today,” Azode said.

He added that people from different political backgrounds participated in the million man march.

Also speaking, Chairman of Abia State Tricycle Operators Union, ASTOPU, Victor Azubuike, said Aba transporters are the biggest beneficiaries of Otti’s road projects across the state.

governor Alex Otti

Join our WhatsApp community
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST POLITICS  NEWS

FCT: We’ll complete all abandoned projects – Wike

0
Wike
FCT minister
FCT: We’ll complete all abandoned projects – Wike
FCT
FCT minister, Nyesom Wike

Join our WhatsApp Community

The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Friday, said the completion of Abuja roads is a testament to the Federal Government’s commitment to finishing what it started.

Wike spoke during the commissioning of the newly completed Left-Hand Service Carriageway of the Outer Southern Expressway (OSEX) Stage II, stretching from Ring Road 1 Junction to Wasa Junction, popularly known as the Apo-Wasa Road, in Abuja.

He said though the project, which was awarded by his predecessor, was abandoned, he took it upon himself to complete the road.

Wike
FCT Minister

“This road was awarded in 2017 at a cost of $6 billion, but in 2021 there was variation that got to $21 billion.

“However, contractors were not on site. Why? Money was not being paid to the company.

“It’s part of the policy to make sure that every project that has been abandoned and left unattended is completed.

“It is important to give this clarification for people to know that part of the policy is not just to award contracts for awarding sake, but we have said it times without number that every project whether awarded in your tenure or during your predecessors’ must be completed. And this is one of those projects that is being completed.”

Wike
FCT minister, and former governor of Rivers state

Join our WhatsApp Community

Join Our Social Media Channels:

Fun moment goes south as 3 ladies assaulted in Portharcourt nightclub

0
nightclub

Fun moment goes south as 3 ladies assaulted in Portharcourt nightclub

Three ladies have taken to social media to share a horrible experience at a port harcourt nightclub identified as Blackbox, further accusing  a man of physically assaulting them during a night out at a nightclub, leaving one with a bloodied head, another with a broken tooth, and the third allegedly stripped and thrown down a staircase.

In a now viral clip the incident which allegedly happened at the Black Box nightclub sparked reactions on social media.

Join our WhatsApp community

In one video, the women said that the man accosted them and accused them of recording him without permission despite the fact him sitting at the table they had reserved in the club to celebrate a friend’s birthday.

Maduba Christian Okechi accused for assaulting ladies in nightclub

“Now the only thing we did wrong is to go out as girls. That’s the only thing we did wrong. So is every girl in Nigeria a prostitute?” one of the girls said, showing visible injuries to her scalp, which she said were caused by a bottle allegedly smashed on her head during the altercation.

It was gathered that while the ladies were being assaulted, the owner and management of the Blackbox nightclub did nothing to salvage the incident

One of the victims claimed that after paying to reserve a table, they were seated when the man and his security guards pushed them out of their seat.

The BlackBox nightclub founder

“He said if they born me well, I should sit in the seat I paid for,” she said.

She added, “This man and his friends started breaking bottles. Injured my friend, they broke her head. She was bleeding so badly. The other of my friend they broke her teeth. One of her teeth was like it had gone off.

Join our WhatsApp community

“Me myself they pushed me downstairs. Stripped me off, stripped me naked. Like beating me mercilessly. As if I was one that stole something. All because he came with a MOPOL. He came with bodyguards or whatsoever.”

In the video, the third woman, who was clearly missing a front teeth, urged human rights organisations to step in.

The women claimed that the man in question was a frequent patron of the club and had been charged with similar offences in the past.

Further inquiry by NaijaEyes correspondent has identified the said man who allegedly assaulted the ladies as one Maduba Christian Okechi who was also identified as the owner of Ceemore luxury apartments in Port Harcourt.

Reacting to the incident on Friday, the Rivers State Police Command said it had invited the club’s manager and the alleged suspect for investigation.

Watch the video: https://www.instagram.com/reel/DK00K1_oKGu/?igsh=MTNieWx1ZjdiNmY2eA==

Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST ENTERTAINMENT NEWS

 

Airpeace , Oshiomhole, AON clash as aviation minister, Keyamo orders probe

0
Oshimhole
Adams Oshiomhole x Keyamo

Airpeace , Oshiomhole, AON clash as aviation minister, Keyamo orders probe

Airline Operators of Nigeria(AON), have expressed displeasure over the actions of former Edo State governor, Senator Adams Oshiomhole, at the Murtala Muhammed Airport in Lagos, stating that it is unacceptable and another instance of the increasing trend of unruly passenger behaviour that domestic carriers face.

AON spokeswoman Professor Obiora Okonkwo also lamented that the Federal Airport Authority of Nigeria, or FAAN, had not yet disclosed the full extent of the incident two days after it occurred.

Join our WhatsApp Community

Festus Keyamo, the Minister of Aviation and Aerospace Development, ordered the appropriate aviation agencies to look into the conflict as Okonkwo spoke.

Oshiomhole
Former Edo state governor, Adams Oshiomhole

Spokesperson for the AON spoke to newsmen in Lagos during an event where United Nigeria Airlines announced its integration into the SIBAS Global Distribution System, GDS.

He said: “As much as we appreciate and understand that every passenger has a right, your right is only limited to what is allowed within the International Civil Aviation Organisation, ICAO, and aviation industry.

“There is no amount of disappointment that gives the right to self-help. We have been talking about unruly behaviour; what you saw was a typical case of unruly behaviour. It is not acceptable. Air Peace is a respected airline; no matter what you say about it, they carry 40 to 50 per cent of the domestic passengers. As such, they deserve respect. It is somebody’s investment.

APC
Minister of aviation, Festus Keyamo

It is not right to demonise the airline. It is way too far from discussing the issues. We have looked at the things he (Oshiomhole) said, and we do not see any logic. There is no airline who will not want to carry its passengers. We go through a lot and bend ourselves to satisfy our passengers.”

Meanwhile, the aviation minister, Keyamo, on his X handle, stated: “In the wake of the incident at the Lagos Airport last Wednesday involving Air Peace airline and Senator Adams Oshiomhole. I have been in direct contact with both parties since that morning. I also directed the aviation agencies to exercise restraint in jumping to conclusions in line with the time-honoured legal principle of ‘hear all sides’ before reaching judgment.

Join our WhatsApp Community

keyamo
Minister of Aviation, Festus Keyamo

“Whilst appealing to both sides to halt the public accusations and counter-accusations, I am further directing the relevant aviation agencies to thoroughly look into the issue, collect all available evidence and revert to my office so we can deal with the issue in such a way as to guide future conducts in similar situations.”

This is coming after Air Peace denied all allegations by Senator Adams Oshiomhole, describing his claims of extortion and overbooking as “deliberate falsehood.”

In a statement signed by the airline’s management and made available on Thursday via X, Air Peace said, “The Senator lied blatantly when he accused Air Peace of extorting its passengers. We challenge Senator Oshiomhole to bring one evidence of a passenger that was extorted.”

Join Our Social Media Channels:

Due to increased betting interest in Nigeria, Multichoice’s KingMakers revenue has increased by 76%.

0
betting
Due to increased betting interest in Nigeria, Multichoice's KingMakers revenue has increased by 76%.

Due to increased betting interest in Nigeria, Multichoice’s KingMakers revenue has increased by 76%.

Join our WhatsApp community

For the fiscal year that concluded on March 31, 2025, KingMakers, the MultiChoice Group’s sports betting business and operator of BetKing Nigeria, saw a 76% increase in income. The Group claims that during the reviewed period, the company’s sales increased to $106 million, supported by a notable improvement in the Nigerian business’s fundamental operating performance.

betting
Due to increased betting interest in Nigeria, Multichoice’s KingMakers revenue has increased by 76%.

According to the financial report, Multichoice is profitable on the betting side even though its Paytv, DStv, and GOtv subscriptions in Nigeria are declining.

“BetKing Nigeria has remained quite active. The increased average stake per user indicates that it is attracting higher-quality first-time bettors, and its higher-margin online business is expanding significantly, Multichoice said.

Join our WhatsApp community

Although the company did not disclose its customer base in the most recent figures, Multichoice recorded a 26% increase in revenue and a 37% increase in betting users in Nigeria for the 2024 fiscal year.

Naira volatility’s effects

betting
Due to increased betting interest in Nigeria, Multichoice’s KingMakers revenue has increased by 76%.
However, Multichoice pointed out that reported revenue had decreased 30% to $103 million as a result of the weak Naira’s effect on financial performance translation.

The video entertainment company paid $281.5 million to raise its ownership of KingMakers to 49% in 2021, increasing its overall shareholder worth to R5.9 billion.
MultiChoice intended to increase the betting business by utilizing its wide range of sports coverage.
77% of DStv members are active bettors or make match predictions, according to internal data supplied by KingMakers. This creates a sizable consumer base for a betting product.

betting
Due to increased betting interest in Nigeria, Multichoice’s KingMakers revenue has increased by 76%.

A KPMG analysis estimated that by 2022, the gambling market in Africa would be worth $37 billion, with sports betting driving the majority of this expansion.

Join our WhatsApp community

Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST BUSINESS NEWS

Global Oil Prices Surge by 9% due to Israel and Iran’s War

0
Global Oil Prices
Global Oil Prices

The war between Israel and Iran has caused an immediate spike in Global oil prices by more than 9%

Following the recent preemptive strike announced by Israel on Iran, global oil prices have experienced an immediate surge, as there are fears that there will be a scarcity of PMS in the international and local markets in Nigeria.

According to price indices on Oil Price website, NYMEX Light Sweet, Brent, and West Texas Intermediate (WTI) prices moved up significantly by 9% to 10%, arriving at $73.20, $75.15, and $74 per barrel, respectively. This is widely regarded as the highest price point achieved since February 2025.

Experts have suggested that this price surge is a result of the ongoing war between Israel and Iran, which may disrupt the supply of crude oil from the Middle East.

This will be the first time the global oil prices will exceed Nigeria’s 2025 budget benchmark of $75 per barrel.

With global oil prices experiencing a surge, there will likely be an increase in the local prices of PMS, which is currently between N870 and N910 in Lagos and Abuja, respectively.

The conflict between Iran and Israel, which started late last year with both sides threatening a nuclear war, has now come to reality as Israel launched an attack on Iran’s nuclear site on Friday.

There have been reactions from the United Nations and several powerful countries with regard to the war.

Join our WhatsApp community

Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST BUSINESS NEWS

 

 

Access Bank’s N180 billion claims against MTN

0
access bank
Access Bank’s N180 billion claims against MTN 

Access Bank’s N180 billion claims against MTN

Join our WhatsApp community

A Federal High Court in Lagos denied Access Bank Plc’s attempt to block MTN Nigeria Communications Plc’s bank accounts over a disputed N180.95 billion debt claim stemming from a long-expired infrastructure-sharing agreement with now-defunct Multi-Links Telecommunications.

Justice Akintayo Aluko, deciding on an ex parte application filed by Access Bank and three receivership businesses, Multi-Links Telecommunications Limited, Capcom Telecoms Limited, and Cyancom Limited, declined to impose an interim injunction freezing MTN’s cash.The judge said that MTN must be given the opportunity to be heard before such harsh action is taken.

Access bank
Access Bank’s N180 billion claims against MTN

According to the lawsuit, Access Bank had asked for a temporary injunction prohibiting MTN from taking money out of or altering monies in any of its accounts in Nigeria up to N180.95 billion through its attorney, Mr. Kunle Ogunba (SAN).According to the bank, this amount reflects a long-standing obligation that MTN owes Multi-Links.

The applicants’ requests included directing all Nigerian financial institutions to provide, on oath, the balances in MTN’s accounts within seven days.

In essence, the lawsuit, filed under the filing number FHC/L/CS/1004/2025, aimed to freeze MTN’s funds while the main lawsuit was being decided.Justice Aluko, however, decided that MTN must be permitted to reply even though the plaintiffs made an apparently strong case.

The judge stated, “The defendant must be heard before any orders are granted due to the peculiar nature of the case and the potential implications of the orders sought, especially in light of MTN’s correspondence marked ‘MTN 17,'” according to ThisDay Newspaper.The matter was postponed until June 23, 2025, for additional proceedings, and the court mandated that MTN attend and provide justification within five days.

This imbalance has led to growing tensions between the two companies, as MTN argues that it has been unfairly subsidizing Multi-Links’ operations while not receiving adequate compensation or reciprocal benefits. The original agreement was intended to foster collaboration and mutual growth, but the current reality suggests a significant disparity in how each party has leveraged the partnership.

As the expiration date of the agreement approaches, both companies are now reassessing their positions. MTN is reportedly considering its options for renegotiating terms that would better reflect its usage of Multi-Links’ infrastructure and ensure a more equitable distribution of resources moving forward. Meanwhile, Multi-Links faces pressure to improve its operational efficiency and maximize its use of MTN’s network to justify its continued access.

Industry analysts suggest that this dispute could have broader implications for the telecommunications sector, particularly in how fibre-sharing agreements are structured and enforced. If MTN successfully renegotiates terms that favor its interests, it may set a precedent for other telecom operators facing similar challenges in their As Multi-Links faced severe financial difficulties, the company entered receivership under the management of Diamond Bank. Before shutting down, Multi-Links tried to sell its fiber assets to MTN, but the negotiations fell apart due to disagreements over pricing.

Access Bank
Access Bank’s N180 billion claims against MTN

Years later, a company called Hoop Telecoms claimed to have acquired Multi-Links’ fiber infrastructure. However, Hoop stated that it would not take responsibility for any of Multi-Links’ previous debts. Despite this, the company billed MTN nearly N170 billion, retroactively charging for years before it allegedly acquired the assets. MTN rejected this demand outright, estimating its actual obligation under the original agreement to be just over N1 billion. The telecom company also brought the issue to the Nigerian Communications Commission (NCC), which reportedly determined that Hoop Telecoms did not possess a valid telecom license and therefore had no legal basis for its claims.

The situation became more complicated when Access Bank acquired Diamond Bank in 2019, taking control of Multi-Links’ receivership. Sources familiar with the case indicated that Access Bank supported Hoop Telecoms’ claims and sought a legal settlement, which MTN opposed. An insider informed Nairametrics that various stakeholders, including political figures, viewed the claim as a chance to pressure MTN into making a payment. “There was speculation that pushing MTN to pay could benefit everyone involved,” the source said. “But MTN remained firm and sought legal protection.”

Join our WhatsApp community

Amid this complex legal and commercial situation, MTN sought the court’s protection. To MTN’s surprise, Access Bank filed for a Mareva injunction, a legal order to freeze MTN’s accounts in Nigerian banks for N180.95 billion. Such injunctions are typically requested when a plaintiff fears that the defendant may deplete assets to avoid fulfilling a judgment. Insiders suggest that Access Bank may not have been fully aware of the complicated history and legal context surrounding the Multi-Links-MTN arrangement and might now be reconsidering its stance. According to one source, MTN and Access Bank have since begun discussions to find an amicable resolution to the issue.

What’s Next? The judge’s refusal to grant the Mareva injunction provides MTN with some short-term relief, but the legal battle is far from over. The company now has until June 23 to formally respond and argue against the freezing of its accounts.

MTN declined to comment when contacted, citing that the case is sub judice. Access Bank has not yet responded to Nairametrics’ inquiry as of the time of this report. While the final outcome remains uncertain, the case raises significant questions about the enforcement of legacy telecom agreements, the legal risks associated with receivership claims, and the influence of non-commercial interests in high-stakes disputes.

MTN Legal Battles This is not the first time MTN Nigeria has found itself embroiled in legal and regulatory disputes.

In May 2025, the telecom giant sued over 20 Nigerian banks to recover approximately N6 billion in unpaid interconnect fees from SleekChip Technologies, following a favorable Federal High Court ruling confirming the debt.

access bank
Access Bank’s N180 billion claims against MTN

Shortly thereafter, MTN’s CEO and key executives were scheduled for arraignment by the Federal Competition & Consumer Protection Commission (FCCPC) over allegations of obstructing the agency’s investigation, which stemmed from their reported failure to comply with a lawful summons. Earlier in 2023, MTN also faced scrutiny from Nigerian tax authorities regarding alleged underpayment of duties and levies related to digital and international calls. MTN has since resolved some of these issues.

Join our WhatsApp community

Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST BUSINESS NEWS

 

Kizz Daniel reveals emotional story behind his new song

0
kizz daniel
Kizz Daniel reveals emotional story behind his new song
Afrobeat singer and songwriter, Oluwatobiloba Daniel Anidugbe, popularly known as Kizz Daniel has opened up on a personal tragedy. The singer shared an emotional story, adding that it was the reason for his new song.
According to Kizz Daniel, he lost his father whom he shared a strong relationship and bond with.
kizz daniel
In a podcast interview, he discussed how his song “Al-Jannah” was influenced by the passing of his late father.
He said, “When my dad was alive, he was my best friend,” Kizz Daniel said.
‘Al-Jannah’ means “paradise”. I wanted to write a tribute song. We’ve lost people in the past. We lost our son in 2021.
Afro beats singer, Kizz
I lost my dad in 2015; my wife lost her mum in 2024; I lost my step-mum; we lost a whole lot of people.
 
I wanted to make a song for everyone, not just one person. It’s about our loved ones we have lost in this journey of life.
“I think I was able to accomplish that by using the word friend in the song,” he said.
 Only a few days after turning 21, Kizz Daniel lost his father on May 9, 2015.
Join Our Social Media Channels:

WhatsApp: NaijaEyes

Facebook: NaijaEyes

Twitter: NaijaEyes

Instagram: NaijaEyes

TikTok: NaijaEyes

READ THE LATEST ENTERTAINMENT NEWS

 

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

EDITOR PICKS