Author: Platform Times Newspaper

The Nigeria Deposit Insurance Corporation (NDIC) has urged stakeholders in the financial services industry, policymakers, and members of the public to contribute to the ongoing revision of the International Association of Deposit Insurers (IADI) Core Principles for Effective Deposit Insurance Systems. In a statement released on Tuesday, the Corporation described the revision exercise—launched by IADI in May 2025—as a critical step in strengthening global deposit insurance frameworks to reflect emerging realities in the financial ecosystem. According to the NDIC, the updated principles are expected to address key structural shifts such as digital innovation, the expanding role of deposit insurers in…

Daud Olatunji President Bola Ahmed Tinubu, on Monday, held separate private meetings with the Executive Governor of Osun State, Senator Ademola Adeleke, alongside his elder brother and business mogul, Chief Adedeji Adeleke, and globally acclaimed Afrobeats singer, David Adeleke, popularly known as Davido. The president also received  the suspended Governor of Rivers State, Siminalayi Fubara at his Lagos residence in Tuesday . The meeting, which was not officially announced beforehand, became public knowledge after photographs surfaced online, showing the President in closed-door discussions with the Adeleke family and Fubara  in separate meetings. The purpose and outcome of the visits were…

A group of concerned Lagos indigenes under the banner of the De-Renaissance Patriots Foundation has raised a strong alarm over what it describes as the increasing marginalisation of indigenous people in Lagos State. In a passionate open letter released by the group and signed by its President, Mr. Miftah Bolaji Are, the foundation accused political and traditional leaders of turning a blind eye to what it calls the “erosion of Lagosian identity” in the spheres of politics, economy, and culture. The letter, titled “An Open Letter to Lagos State Indigenes,” takes a sweeping look at the state’s historical roots and…

Two men, Shehu Abdu and Isah Saidu, have been arraigned before the Kaduna State High Court for allegedly posing as fake sureties to secure the release of a Chinese national wanted for illegal mining and economic sabotage. The Economic and Financial Crimes Commission (EFCC) charged the suspects on Monday, June 2, with giving false information to a public servant under Section 105(a) of the Kaduna State Penal Code Law, 2017. EFCC investigations revealed that Abdu and Saidu claimed to be close associates of Ji Zhou, the Chinese national, and pledged to produce him whenever called upon after he was granted…

President Bola Tinubu on Tuesday conferred the national honour of Commander of the Order of the Federal Republic (CFR) on Bill Gates, co-chair of the Bill and Melinda Gates Foundation, in recognition of his long-standing commitment to improving global health, education, and poverty alleviation—especially in Nigeria. The event, held in Lagos, was attended by top dignitaries including Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, and business mogul Aliko Dangote, among other notable figures. The award comes amid Gates’ working visit to Nigeria, where he is engaging with President Tinubu and other senior officials on ways to reform…

Two goals from Raheedat Ajibade ensured the Super Falcons of Nigeria dominated the Indomitable Lionesses of Cameroon in a friendly encounter. The match held during a light shower on Tuesday evening at the renovated main bowl of the MKO Abiola International Stadium (now MKO Abiola sports Arena) saw the falcons triumph by 2-0. Falcons skipper Ajibade put the host in the lead from the penalty spot in the 28th minute. She doubled the lead shortly before half time courtesy of an assist by Rinsola Babajide in the 43rd minutes Chiamaka Nnadozie’s heroics at the goal post didn’t go on notice…

Former President Olusegun Obasanjo has declared the newly inaugurated Olusegun Obasanjo Leadership Institute (OOLI) as more than a training centre—calling it a continental movement to reclaim Africa’s future through principled and people-focused leadership. Speaking at the formal inauguration of the Institute’s Governing Board at the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta, on Tuesday, Obasanjo said the Institute represents a personal and continental turning point. “OOLI is not just an institution; it is a movement,” he said. “A movement to reclaim the African leadership narrative and invest in a new generation of prepared, ethical, and visionary leaders.” The Institute, which has…

The Federal Government needs at least ₦880 billion every year to maintain Nigeria’s road infrastructure, the Minister of State for Works, Bello Goronyo, told lawmakers on Monday. Goronyo made the disclosure while appearing before the House of Representatives committee probing the alleged non-remittance of the five percent user charge on petrol and diesel, which is statutorily meant for federal road maintenance under the Federal Roads Maintenance Agency (FERMA) Act. He stressed that the road network plays a critical role in Nigeria’s commerce and unity, saying, “Our roads are the lifelines of commerce and social integration. Their maintenance is not merely…

The House of Representatives has slammed the West African Examinations Council (WAEC) for the chaotic conduct of the 2025 Senior School Certificate Examination (SSCE), describing the process as an embarrassment to Nigeria’s education system and demanding the resignation of the agency’s head. The lawmakers grilled Amos Dangut, WAEC’s Head of National Office, on Monday following reports that students in some centres wrote their English Language paper late at night—under the illumination of torchlights and phone flashlights—due to hours-long delays caused by alleged question leakages. “The exams held under those conditions were not credible. They fell short of our standard,” Dangut…

Former Governor of Abia State and Senate Chief Whip, Orji Uzor Kalu, has revealed that he gave former President Olusegun Obasanjo $1 million in 1998 and personally financed the running of Abia State during his tenure as governor. Speaking during a television interview on Monday, Kalu claimed he also contributed over N500 million to the formation of the Peoples Democratic Party (PDP) but was left unrewarded by the political system he helped build. “I gave President Olusegun Obasanjo over $1 million in 1998 when the dollar was just $84 to the naira. I also gave the PDP over N500 million…