Category: Breaking News

  • Death Toll Rises To Five in Lagos Island Plaza Fire As Another Market Blaze Hits Oshodi

    The death toll from the devastating fire that gutted the Great Nigeria Building (GNI) at Balogun Market, Lagos Island, has risen to five following the recovery of two additional bodies from the rubble.

    Emergency responders confirmed that the bodies were recovered on Sunday during ongoing search-and-rescue operations at the scene of the inferno, which occurred last Wednesday.

    Meanwhile, another fire outbreak was recorded on Monday evening at Arena Market in the Bolade area of Oshodi, also in Lagos State, raising renewed concerns over fire safety in major commercial centres across the state.

    In a statement issued by the Lagos State Fire and Rescue Service, the agency’s Controller-General, Mrs Margaret Adeseye, said the service received a distress call at about 5:50 p.m. reporting a fire outbreak at Arena Market.

    According to her, firefighting units were immediately deployed and arrived at the scene within five minutes.

    “Fire crews from Bolade, Ilupeju, Ikeja and Alausa Fire Stations responded swiftly and collaboratively to contain the incident,” Adeseye said.

    She explained that the fire affected five 40-foot container shops arranged in two rows, bringing the total number of affected shops to 10.

    The affected section of the market, she said, was mainly used for the storage and sale of clothing materials stocked in bales.

    “The fire was successfully confined to the affected section and brought under control. There is no risk of the fire spreading to other parts of the market,” she added.

    On the GNI Building incident, Source gathered that the fire reportedly started on the fourth floor of the 25-storey structure and spread up to the sixth floor before engulfing other floors and adjoining buildings.

    A detached section of the plaza, estimated to be about seven floors, collapsed during the inferno, trapping traders, market assistants and customers.

    Seven persons were rescued shortly after the collapse, while three bodies were initially recovered on Friday. The latest recovery of two additional bodies has brought the confirmed death toll to five.

    A source at the Lagos State Emergency Management Agency (LASEMA) told Source that the recovered bodies were severely burnt and could not be immediately identified.

    “One of the bodies was also mangled. The presence of goods under the rubble continues to fuel smouldering fire beneath the debris. What remains now is recovery, not an active emergency,” the source said.

    Source reports that anxiety has continued to mount as relatives and residents thronged the scene from Sunday in search of missing loved ones believed to have been trapped during the incident.

    Some shop owners disclosed that customers who visited the market to purchase goods were also caught in the fire.

    “People have been coming here since Sunday looking for relatives they last spoke with on the day the incident happened,” a trader, Mrs Wunmi Olabisi, said.

    Emergency responders have continued excavation and recovery operations amid fears that more victims may still be trapped under the rubble.

    Earlier reports indicated that no fewer than 20 persons were missing, with relatives providing names and photographs of some of the victims.

    Those identified include Elo Chukwu, Omeigbo Chuwuebuka, Omeigbo Chukwudubem, Kayode Omoniyi, Ikechukwudi Asobi, Murphy Aborinwa, Onyeka Obinwa, Mercy Ukamaka and Taofeeq Opera, as well as a trader identified simply as Chiding and two of his assistants.

    Reacting to the tragedy, the Shitta-Bey family of Lagos, owners of the GNI Building, expressed deep sorrow over the incident.

    In a statement, the family said its thoughts and prayers were with the victims and their families, assuring the public of its cooperation with relevant authorities.

    The family also stated that the building was adequately insured and pledged to restore the structure, including the mosque within the premises, while ensuring the safety of occupants.

    It urged the public to disregard what it described as misinformation surrounding the incident, adding that updates would be provided as investigations continue.

  • APC Invites Kano Gov. Abba Yusuf, Says Party Ready To Receive Him

    The All Progressives Congress (APC) in Kano State has formally invited Governor Abba Kabir Yusuf to join the ruling party, declaring its readiness to welcome him in the interest of unity and development of the state.

    The invitation was conveyed by the State Chairman of the APC, Alhaji Abdullahi Abbas, in a statement issued in Kano on Tuesday.

    Abbas said the call was made on behalf of the immediate past National Chairman of the party, Dr Abdullahi Umar Ganduje.

    According to him, the move to invite Governor Yusuf is guided by the need for reconciliation, political stability and collective progress in Kano State.

    “The APC is ready to receive Governor Abba Yusuf with open arms so that, together, we can combine our strengths for the progress of the state,” Abbas said.

    He explained that the planned defection of the governor had generated reactions within the New Nigeria People’s Party (NNPP), under whose platform Yusuf was elected.

    Abbas noted that the development had reportedly caused divisions within the NNPP, especially with the party’s national leader, Sen. Rabiu Musa Kwankwaso, said to be opposed to the governor’s move to the APC.

    The APC chairman added that upon his formal entry into the party, Governor Yusuf and other NNPP stakeholders would be received under the leadership of Ganduje in an atmosphere of mutual respect and shared responsibility.

    He stressed that the APC’s invitation was not borne out of political pressure but from a genuine desire to build a united and prosperous Kano State.

    The News reports that the governor has yet to publicly confirm plans to defect from the NNPP.

  • No Going Back On Jan. 1 Tax Law Commencement – Tinubu

    President Bola Tinubu has reaffirmed that the implementation of Nigeria’s new tax laws will commence as scheduled on Jan. 1, 2026, declaring that there would be no reversal or postponement of the reform programme.

    Tinubu made this known in a statement personally signed by him on Tuesday, following rising public discourse surrounding the newly enacted tax legislation.

    The President said the tax reforms, including those signed into law on June 26, 2025, represent a “once-in-a-generation opportunity” to establish a fair, competitive and resilient fiscal framework for the country.

    According to him, the laws are not designed to impose additional tax burdens on Nigerians but to introduce a comprehensive structural reset of the nation’s tax system.

    “The reforms are meant to drive harmonisation, promote efficiency and protect the dignity of citizens, while strengthening the social contract between the government and the people,” Tinubu said.

    He urged all relevant stakeholders to support the implementation process, stressing that the reform agenda had moved decisively into the delivery phase.

    The President added that no substantial issues had been identified that would justify any disruption or suspension of the reform process.

    “Absolute trust is built over time through making the right decisions, not through premature, reactive measures,” he stated.

    Tinubu reaffirmed his administration’s commitment to due process and respect for the integrity of laws duly enacted, pledging continued collaboration with the National Assembly to promptly address any implementation challenges.

    He assured Nigerians that the government would continue to act in the overriding public interest to ensure the emergence of a tax system that promotes prosperity, fairness and shared responsibility.

    The News recalls that following a high-level meeting with the President on Dec. 26, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, confirmed that the final implementation phase of the reforms remained on course.

    Oyedele said the phase covers the Nigeria Tax Act and the Nigeria Tax Administration Act, both scheduled to take effect from Jan. 1, 2026.

    According to him, the decision to proceed with implementation is anchored on the pro-people nature of the laws, which are strategically structured to shift the tax burden away from vulnerable citizens.

    He noted that the reforms are expected to provide significant economic relief, with projections indicating that about 98 per cent of Nigerian workers and 97 per cent of small businesses would either be fully exempt from taxes or experience substantial reductions in their tax liabilities.

    Oyedele added that the reforms would enhance compliance, improve revenue efficiency and foster sustainable economic growth without undermining social welfare.

  • Court Orders Remand Of Ex-AGF Malami, Son, Wife In Kuje Prison

    A Federal High Court sitting in Abuja on Tuesday ordered the remand of a former Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN, at the Kuje Correctional Centre pending the hearing and determination of his bail application.

    The court also ordered the remand of Malami’s co-defendants, his son, Mr Abubakar Abdulaziz Malami, and one of his wives, Hajia Bashir Asabe.

    The order was made by the trial judge, Justice Emeka Nwite, after listening to arguments from the defence team led by Mr Joseph Daudu, SAN, and the prosecution counsel, Mr Ekele Iheneacho, SAN.

    Malami and the other defendants pleaded not guilty to all the charges brought against them by the Economic and Financial Crimes Commission (EFCC).

    The EFCC had filed a 16-count charge marked FHC/ABJ/CR/700/2025 before the Federal High Court in Abuja, accusing the defendants of money laundering and unlawful acquisition of properties valued at over N8.7 billion.

    According to the anti-graft agency, the alleged offences were committed between 2015 and 2025, mostly in Abuja, during Malami’s tenure as the nation’s chief law officer.

    In the charge sheet signed by a prosecution team led by Chief J.S. Okutepa, SAN, the EFCC alleged that Malami and his son used Metropolitan Auto Tech Limited to conceal the unlawful origin of N1.014 billion domiciled in a Sterling Bank account between July 2022 and June 2025.

    The commission further alleged that another N600.01 million was concealed in the same account between September 2020 and February 2021.

    The EFCC also accused the defendants of retaining N600 million as cash collateral for a N500 million loan granted by Sterling Bank Plc to Rayhaan Hotels Ltd, allegedly knowing that the funds represented proceeds of unlawful activity.

    In another count, the commission alleged that between November 2022 and October 2025, the defendants indirectly took control of N1.36 billion paid through the Union Bank account of Meethaq Hotels Ltd, which they allegedly knew to be illicit funds.

    The EFCC said the alleged offences contravene provisions of the Money Laundering (Prohibition) Act, 2011 (as amended) and the Money Laundering (Prevention and Prohibition) Act, 2022.

    The anti-graft agency listed several witnesses to testify during the trial, including investigators, bank officials, bureau de change operators and representatives of the companies allegedly involved in the transactions.

    Justice Nwite adjourned the matter to a later date for the hearing of the bail applications and ordered that the defendants remain in custody pending further proceedings.

  • JUST IN: Explosion Rocks Bagudo General Hospital In Kebbi

    An explosion has occurred at the Bagudo General Hospital in Bagudo Local Government Area of Kebbi State, triggering panic among residents of the area, the Kebbi State Police Command has confirmed.

    The incident, which occurred in the early hours of Tuesday, prompted an immediate security response, with law enforcement agencies moving swiftly to secure the hospital premises and surrounding areas to avert further threats.

    Confirming the development in a statement, the Police Public Relations Officer (PPRO) in the state, SP Bashir Usman, said the command had taken full control of the situation.

    “The Kebbi State Police Command wishes to assure members of the public that we have full control of the security situation following the explosion at the General Hospital, Bagudo,” Usman said.

    According to him, a joint security team comprising personnel of the Nigeria Police Force, the Nigerian military and local vigilante groups was immediately deployed to the scene.

    He added that operatives of the Explosive Ordnance Disposal–Chemical, Biological, Radiological and Nuclear (EOD-CBRN) unit were also mobilised to assess the scene and determine the cause of the explosion.

    Usman said preliminary findings indicated that there were no casualties from the incident.

    “We are grateful to confirm that there were no casualties. Although a building within the hospital’s staff quarters was damaged, the occupants had already evacuated safely before the explosion,” he said.

    The police spokesperson noted that investigations were ongoing to ascertain the source and nature of the explosion, assuring that the command would keep the public informed as more details emerge.

    The incident comes amid heightened security concerns in parts of the North-West region.

    Source recalls that a few days ago, several travellers were reportedly killed following a suspected bomb explosion along the Yar’Tasha–Dansadau road in Maru Local Government Area of neighbouring Zamfara State.

    The Federal Government had earlier assured Nigerians of adequate security measures during and after the yuletide season. However, recent security incidents in the region have continued to raise concerns among residents.

    The Kebbi State Police Command urged members of the public to remain calm and vigilant, while reporting any suspicious movement or object to the nearest security agency.

  • U.S. Confirms Destruction Of Venezuelan Dock Used For Drug Shipments

    United States President Donald Trump has confirmed that the U.S. destroyed a docking facility allegedly used by Venezuelan drug traffickers, in what is believed to be the first land-based strike in Washington’s intensified campaign against narcotics trafficking from Latin America.

    Trump disclosed this on Monday while speaking with reporters at his Mar-a-Lago resort in Florida during a meeting with Israeli Prime Minister Benjamin Netanyahu.

    According to the U.S. president, the targeted dock was a key facility where boats suspected of transporting illegal drugs were loaded.

    “There was a major explosion in the dock area where they load the boats up with drugs,” Trump said.

    He added that the operation also involved hitting several boats and disabling what he described as the “implementation area” used for the trafficking activities.

    “So we hit all the boats, and now we hit the area. That area is no longer around,” he stated.

    Trump, however, declined to disclose whether the operation was carried out by the U.S. military or the Central Intelligence Agency (CIA), nor did he specify the exact location of the strike, saying only that it occurred “along the shore.”

    Meanwhile, sources familiar with the operation told U.S. media outlets, including CNN and The New York Times, that the CIA carried out a drone strike on a port facility in Venezuela.

    The reports suggested that the strike was aimed at the Venezuelan gang known as Tren de Aragua, although no individuals were present at the time of the attack and no casualties were recorded.

    As of the time of filing this report, the Venezuelan government had not issued any official reaction to the incident.

    Earlier, the U.S. Department of Defense referred all inquiries on the matter to the White House, while the White House declined to respond to requests for comment from international media.

    When asked if he had recently spoken with Venezuelan President Nicolas Maduro, Trump said the two leaders had spoken “pretty recently,” but added that the discussions produced no significant outcome.

    Trump’s confirmation followed remarks he made during a radio interview broadcast on Friday, where he hinted for the first time at a possible land strike against drug trafficking facilities in the region.

    “They have a big plant or a big facility where the ships come from,” Trump said during the interview. “Two nights ago, we knocked that out.”

    The U.S. president has repeatedly warned in recent weeks that ground strikes against drug cartels in the region would begin “soon,” making this incident the first apparent example.

    In a related development, the U.S. military announced on social media that it carried out another strike on a suspected drug-smuggling boat in the Eastern Pacific, killing two persons and bringing the reported death toll in the ongoing maritime campaign to at least 107.

    The military did not disclose the precise location of the latest strike.

    The Trump administration has continued to pile pressure on the Maduro-led government, accusing the Venezuelan leader of involvement in drug trafficking and enforcing measures such as an oil tanker blockade.

    International law experts and human rights groups have raised concerns over the legality of the U.S. strikes, describing them as potential extrajudicial killings, an allegation the U.S. government has consistently denied.

  • Anthony Joshua Involved In Road Accident On Lagos–Ibadan Expressway

    World-renowned boxer, Anthony Joshua, was on Monday involved in a road accident along the Lagos–Ibadan Expressway in Ogun State.

    The accident occurred at Makun area of the expressway, shortly before the Danco Filling Station, near the Sagamu Interchange inward the Ibadan axis of the road.

    An eyewitness told the source that the vehicle conveying the boxer, a Lexus Sports Utility Vehicle with registration number KRD 850 HN, collided with a stationary truck parked along the highway.

    According to the eyewitness, the impact of the collision led to the death of two persons on the spot, while Joshua sustained minor injuries.

    “The accident happened suddenly. The Lexus Jeep ran into a stationary truck along the road. Two people died immediately, while Anthony Joshua sustained only minor injuries,” the eyewitness said.

    Details surrounding the circumstances of the accident were still sketchy as at the time of filing this report.

    As of press time, authorities, including officials of the Federal Road Safety Corps (FRSC) and the Ogun State Police Command, were yet to issue an official statement on the incident.

    Efforts by The source to confirm the condition of the boxer from his management team were also unsuccessful.

    The Lagos–Ibadan Expressway is one of Nigeria’s busiest highways and has recorded several fatal accidents in recent years, largely attributed to excessive speeding, poor visibility, indiscriminate parking of heavy-duty vehicles and road construction activities.

    The incident has again raised concerns over road safety along the expressway, with commuters and residents calling for stricter enforcement of traffic regulations and removal of broken-down vehicles from the highway.

    Joshua, a former unified heavyweight boxing champion, is one of Nigeria’s most prominent sports personalities with a strong international following.

  • 34 Lawyers Fail Integrity Test For Federal High Court Judgeship

    Thirty-four lawyers nominated for appointment as judges of Nigeria’s Federal High Court have been disqualified after failing an integrity screening conducted by the National Judicial Council (NJC).

    The integrity test, endorsed by the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, is aimed at ensuring that only persons of proven character and credibility are appointed as judicial officers.

    The affected lawyers were among 62 applicants earlier shortlisted for the Federal High Court bench but were dropped following adverse petitions received during the screening process.

    Sources at the NJC disclosed that only 28 nominees who passed the integrity test and received a clean bill of health would now appear before the council’s interview panel scheduled for next month.

    According to a source, the 62 applicants had earlier passed a Computer-Based Test (CBT) conducted by the Federal High Court, after which their names were forwarded to the Federal Judicial Service Commission (FJSC).

    In line with established procedures, the FJSC published the names of the nominees on Sept. 17, 2025, inviting members of the public to submit information on their integrity, reputation and suitability for judicial appointment.

    One of the petitions alleged that a female nominee demanded and received bribes in the course of her official duties. The matter was subsequently referred to the Police Service Commission (PSC) for investigation.

    The source said the PSC’s investigation reportedly confirmed that the nominee demanded and received a bribe of N1 million in connection with a court matter handled by her office.

    Based on the findings from that and other petitions, the FJSC upheld only 28 nominations and forwarded their names to the NJC, while the remaining 34 nominees were dropped for failing the integrity screening.

  • FG Cancels ₦7.58trn NNPC Debt To Federation Account

    The Federal Government has approved the cancellation of about ₦7.58 trillion debt owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, following an extensive reconciliation of records between both parties.

    The approval, granted under the administration of President Bola Ahmed Tinubu, effectively wipes off approximately $1.42 billion (about ₦2.059 trillion) and an additional ₦5.57 trillion from NNPC Ltd’s outstanding financial obligations to the federal purse.

    Findings indicate that the decision was contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and presented at the November 2025 meeting of the Federation Account Allocation Committee (FAAC).

    The document was based on the recommendations of the Stakeholder Alignment Committee on the Reconciliation of Indebtedness between NNPC Ltd and the Federation.

    According to the document, the debt write-off covers legacy obligations accumulated up to Dec. 31, 2024.

    These include Production Sharing Contracts (PSC) liabilities, domestic crude oil supply obligations, repayment agreements, modified carry arrangements, as well as joint venture and PSC royalty receivables.

    The reconciliation exercise was jointly undertaken by relevant stakeholders, with NUPRC coordinating the technical and accounting verification of the figures.

    It was confirmed that the corresponding accounting adjustments had already been effected in the Federation Account to reflect the approved cancellation.

    However, the document clarified that while most of the historical debts had been cleared, newer obligations incurred by NNPC Ltd between January and October 2025 remain outstanding.

    The outstanding 2025 liabilities, it said, are currently being tracked and are subject to recovery through existing reconciliation and remittance mechanisms.

    Meanwhile, a separate and long-standing dispute involving alleged under-remittance of $42.37 billion by NNPC Ltd between 2011 and 2017 remains unresolved.

    NNPC Ltd has consistently rejected the allegation, maintaining that all revenues due to the Federation Account within the period were properly accounted for and remitted.

    Analysts say the debt cancellation is expected to ease pressure on NNPC Ltd’s balance sheet and improve its operational flexibility, while also bringing clarity to the financial records of the Federation Account.

    The Federal Government has not ruled out further reconciliation exercises as part of ongoing efforts to strengthen fiscal transparency and accountability in the oil and gas sector.

  • Fuel Price Competition Will Benefit Consumers – NNPC GCEO

    The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mr Bayo Ojulari, has assured Nigerians that the ongoing price competition in the downstream petroleum sector will ultimately benefit consumers.

    Ojulari gave the assurance on Sunday while speaking with journalists after briefing President Bola Tinubu in Lagos.

    He described the current tensions in the petroleum market as a natural outcome of Nigeria’s transition from heavy dependence on fuel importation to domestic refining.

    According to him, healthy competition in any market usually favours consumers, adding that the present price adjustments would stabilise over time.

    “Where there is healthy competition, the buyers are the ultimate beneficiaries. I think we need to keep in mind that the market will stabilise.

    “After a while, there will be some tension because we are going through a major transition,” Ojulari said.

    The NNPC boss made the remarks against the backdrop of intense competition in the downstream sector, which has led to a sharp drop in petrol prices from over N1,200 per litre in November 2024 to as low as N739 per litre at some retail outlets in December 2025.

    The development was driven largely by competition among Dangote Refinery, NNPCL retail outlets and independent petroleum marketers.

    “At the end of the day, Nigerians on the street are going to be the beneficiaries,” Ojulari added.

    He clarified that under the Petroleum Industry Act (PIA), NNPCL no longer plays a regulatory role in the petroleum sector.

    Ojulari explained that the PIA clearly separated regulatory functions from commercial operations, assigning regulation of the downstream and midstream sectors to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), while upstream regulation is handled by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

    “The PIA did something fundamental. Before the PIA in 2021, which took effect in 2022, everything was under NNPC, including regulation.

    “Post-PIA, we as NNPC are not regulators. We are now a commercial company that must compete and operate profitably,” he said.

    Ojulari further disclosed that NNPCL no longer receives allocations from the Federation Account and now raises finance independently like any other commercial enterprise.

    Nigeria’s downstream petroleum sector has witnessed increased competition since September 2024, following the commencement of petrol production by the Dangote Refinery, Africa’s largest single-train refinery with a capacity of 650,000 barrels per day.

    Data from the National Bureau of Statistics showed that the average retail price of Premium Motor Spirit dropped by N153 per litre between November 2024 and November 2025, falling from N1,214.17 to N1,061.35.

    The price competition intensified in December 2025 after Dangote Refinery reduced its ex-depot price from N970 to N699 per litre.

    Consequently, MRS filling stations, Dangote’s retail partner, sold petrol at N739 per litre nationwide, while NNPCL retail outlets reduced prices from N875 to between N825 and N840 per litre, depending on location. Independent marketers also adjusted prices, with some selling as low as N865 per litre.

    Industry data indicated that Dangote Refinery made over 20 price adjustments in 2025 alone, creating challenges for marketers who purchased fuel at higher prices.

    Confirming the situation, the Independent Petroleum Marketers Association of Nigeria (IPMAN) said price competition now determines customer loyalty, noting that marketers who fail to adjust prices risk losing patronage and incurring bank interest losses.

    Ojulari described NNPCL as the “supplier of last resort” and said the company was working closely with all major downstream players, including Dangote Refinery, to ensure product availability nationwide.

    “For us, our focus is to generate more production. As production increases, there will be more supply to feed the refineries and create flexibility for downstream players to participate effectively,” he said.

    He acknowledged that the simultaneous operation of large refineries, including Dangote Refinery and NNPCL’s rehabilitated facilities, had disrupted market equilibrium.

    However, he described the development as positive for the country and urged stakeholders to allow market forces to stabilise.

    “It is a good thing to have a major refinery in Nigeria supplying West Africa and beyond. The key issue now is how market forces will stabilise so that everyone can operate sustainably,” Ojulari said.

    The GCEO also disclosed that Nigeria’s crude oil production had increased from about 1.5 million barrels per day in 2024 to over 1.7 million barrels per day in 2025, attributing the growth to structural reforms within NNPCL.

    He said gas production had also risen from 6.5 billion to over seven billion standard cubic feet per day.

    Ojulari added that NNPCL targets crude oil production of at least 1.8 million barrels per day in 2026, as part of efforts to meet President Tinubu’s goal of two million barrels per day by 2027 and attract over 30 billion dollars in investment by 2030.

    On infrastructure development, he disclosed that the welding of the main line of the 614-kilometre Ajaokuta–Kaduna–Kano (AKK) gas pipeline, including the River Niger crossing, had been completed.

    He said the pipeline would supply gas to northern Nigeria for industrialisation, power generation and fertiliser production when commissioned in early 2026.

    “We believe we are in a good state to commence full implementation,” Ojulari said.

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