Kunle Awosika

Tension continues to rise in the Lagos State political arena as the impeached Speaker of the House of Assembly, Honourable Mudashiru Obasa, insists that his removal was invalid. Obasa, who returned to Lagos on Saturday after a foreign trip, has declared that the impeachment carried out by the Assembly using what he described as a “fake” mace cannot stand.

There's always been something about Mudashiru Obasa that typifies crass stupidity.

A Federal High Court, Lagos, has fixed February 27, for the arraignment of one of Senator Musiliu Obanikoro, Gbolahan and four others over alleged conspiracy, obtaining by false pretence and N1, 356, 057, 330. 43 billion fraud. 

Nigeria’s leading commercial bank, Sterling Bank Limited, has petitioned the Inspector General of Police (IGP) to address a series of fraudulent and malicious schemes of Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro, who has resorted to using the National Assembly and the Police Force CID to harass the Bank in a blatant bid to to defy and evade compliance with a binding court-ordered debt settlement.

Lagos State is on edge as the embattled former Speaker of the Lagos State House of Assembly, Honourable Mudashiru Ajayi Obasa, has returned to the state today, Saturday, January 25, 2025, after being ousted from office earlier this month. His return has sparked widespread concern, with many calling for immediate police intervention.

 Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host a Knowledge Series webinar specifically dedicated towards informing and educating small and medium business owners on the 2024 withholding Tax Regulations recently implemented by the federal government. 

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising N200 billion in fresh capital. This would mark the second and final tranche of the Bank's capital raise exercise, supplementing the N40 billion raised in the first tranche, and ensuring the Bank surpasses the CBN minimum requirement for national banking authorization. 

Moniepoint Microfinance Bank (MMB) is grappling with a significant security breach, as suspected fraudsters have reportedly stolen N1.1 billion from customers' accounts. The bank, which had previously assured customers in April 2024 that it had bolstered its security measures, is now facing mounting questions over the safety of depositors' funds.

Former member of the Lagos State House of Assembly, Dr Oluyinka Ogundimu has sent a message of congratulations to the newly appointed Managing Director of the Nigeria Railway Corporation (NRC), Dr Kayode Opeifa.

All roads lead to March 2025. In the third month of the new calendar year, a grand new spectacle is set to unfold as the National Sports Commission (NSC) partners with Practagali Limited to host the maiden edition of the South West Games 2025.