Author: Platform Times Newspaper

…Transition To New Ownership Completed Under CBN-Approved Framework … Court Orders Sought To End Liquidation Process Nationwide Daud Olatunji The Nigeria Deposit Insurance Corporation (NDIC) has commenced the formal process of concluding the liquidation of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition and transition under the Purchase and Assumption (P&A) resolution framework approved by the Central Bank of Nigeria (CBN). The affected institutions form part of the 179 microfinance banks and four primary mortgage banks whose operating licences were revoked by the CBN on May 22 and 23, 2023, in a broad regulatory…

The Coalition of Civil Society Organisations working on Civic Education (CCE), Osun State chapter, has expressed concern over the redeployment of the Resident Electoral Commissioner (REC) in the state, Dr. Mutiu Agboke, describing the development as one that could affect public confidence in the electoral process. In a statement issued on behalf of the coalition, the group said it received the news of Dr. Agboke’s transfer from Osun State to Ondo State with concern, noting that his tenure in Osun had been marked by openness, stakeholder engagement, and efforts aimed at strengthening electoral credibility. The coalition stated that during his…

The Federal University of Technology, Ilaro, Ogun State, on Wednesday conferred Honorary Fellowship Awards on Governor Dapo Abiodun of Ogun State, Governor Dikko Umaru Radda of Katsina State, the Alake of Egbaland, Oba Adedotun Aremu Gbadebo, the Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja, and UK-based entrepreneur, Mr. Sotayo Olugbenga Sonuga, in recognition of their contributions to leadership, education, and societal development. The honours formed part of activities marking the institution’s 23rd Convocation Ceremony and its first since its elevation from Federal Polytechnic, Ilaro to a full-fledged university of technology. Held at the Oba Lipede Pavilion on the Ilaro campus,…

The Orunda of Olorunda, His Royal Highness, Oba Joshua Olusegun Enitan Phillips-Ogunsola, has distributed educational and instructional materials to more than 600 pupils and students in Olorunda community as part of activities marking his 60th birthday celebration. The empowerment exercise, held at the royal palace in Olorunda, attracted over 600 beneficiaries drawn from primary and secondary schools across the community, as well as traditional chiefs, religious leaders, and other stakeholders. Oba Ogunsola said his greatest fulfilment was seeing children in his domain grow into responsible and successful adults, adding that his life ambition was to continue investing in the future…

…Public Borrowing Jumps N14.61tn In 2025 Fiscal Year …FG, States Deepen Reliance On Local Loans Daud Olatunji Nigeria’s total public debt rose to N159.28 trillion as of December 31, 2025, reflecting a fresh borrowing surge that saw the country’s debt stock increase by N14.61 trillion within one year, according to new figures released by the Debt Management Office (DMO). The latest data underscore the growing dependence of the federal and state governments on borrowing to fund budget deficits and meet fiscal obligations amid sustained revenue pressures. The figure represents a significant rise from N144.67 trillion recorded at the end of…

The Arewa Consultative Forum (ACF) has raised the alarm over Nigeria’s worsening security situation, declaring that the country has effectively slipped into a “state of war” and urging the Federal Government to adopt extraordinary and urgent measures to halt the deepening crisis. The position was contained in a communiqué issued at the end of the 38th meeting of the ACF Board of Trustees held in Abuja, where northern leaders reviewed the escalating violence across several parts of the country. The meeting, presided over by the Chairman of the Board, Bashir Dalhatu, was attended by prominent figures including former Secretary to…

Nigeria’s domestic aviation sector has been thrown into fresh turmoil as the Airline Operators of Nigeria (AON) warned that all local carriers may suspend flight operations from April 20, 2026, over what it described as an unbearable and “artificially inflated” rise in aviation fuel prices. In a strongly worded notice dated April 14 and signed by AON President, Abdulmunaf Yunusa Sarina, the operators said the cost of Jet A1 fuel has skyrocketed from about N900 per litre in late February to as high as N3,300 per litre—an increase they described as “astronomical, unsustainable, and threatening the survival of the industry.”…

Renewed agitation for former President Goodluck Jonathan to contest the 2027 presidential election has ignited a fierce constitutional debate, with legal experts, politicians, and analysts sharply divided over whether he remains eligible to return to Nigeria’s highest political office. The controversy, which has gained traction amid ongoing realignments within the opposition and internal tensions in the Peoples Democratic Party (PDP), has now snowballed into what some observers describe as a looming constitutional test that may ultimately require judicial clarification at the Supreme Court level. Jonathan, who became president in 2010 following the death of President Umaru Musa Yar’Adua, went on…

There was a  tension in the Ikotun area of Lagos State on Wednesday after a 28-year-old woman, Blessing Isioma David, accused a private hospital, Tip-Top Solution Hospital, of allegedly withholding one of her newborn twins after delivery. The allegation, which has gone viral on social media through a video clip, triggered outrage and confusion at the hospital premises as the woman and her relatives demanded the whereabouts of the second baby. In the trending footage, Blessing was seen clutching a newborn while repeatedly insisting that she delivered twins, contrary to what she was reportedly handed after childbirth. “I came to…

The Nigeria Centre for Disease Control and Prevention has placed 10 states on high alert over the risk of a cholera outbreak following forecasts of heavy rainfall and flooding across parts of the country. The agency identified the high-risk states as Adamawa, Enugu, Kaduna, Kogi, Niger, Osun, Oyo, Plateau, Taraba and Kwara, warning that the expected downpour could significantly heighten the spread of waterborne diseases. Director-General of the NCDC, Jide Idris, in a statement on Wednesday, said the projected rainfall between April 13 and April 17 coincides with Nigeria’s peak cholera transmission period, raising serious public health concerns. He explained…