Author: Platform Times Newspaper

Daud Olatunji The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank with balances exceeding the insured limit of N5 million that efforts are underway to ensure the timely disbursement of their funds. Following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank’s operating license on June 3, 2024, the NDIC was appointed as the liquidator to oversee the bank’s winding-down process. The corporation has since commenced the verification and payment of insured deposits, with substantial progress recorded. A statement by the  Ag. Head, Communication & Public Affairs, Hawwau Gambo, the NDIC clarified that depositors…

A 40-year-old Nigerian boxer, Segun ‘Success’ Olanrewaju, has died after collapsing during a boxing match in Ghana. The News Agency of Nigeria (NAN) reports that the former National and West African light-heavyweight champion, was facing Accra-born John Mbanugu, nicknamed “Power” in an undercard bout of Ghana’s Professional Boxing League. The sad incident occurred at the Bukom Boxing Arena on March 29. Olanrewaju suddenly fell to the canvas mid-fight, prompting the referee to immediately call for medical assistance. Medical professionals rushed to the scene, but in spite the attempts to revive him, the boxer was pronounced dead, with reports suggesting…

Daud Olatunji In the spirit of gratitude and devotion, the League of Imams and Alfas, Ogun State, has issued a heartfelt message to Muslims worldwide as they celebrate Eid-el-Fitri, marking the end of Ramadan. Led by Shaykh Sikirullahi Babalola, President General of the League, and supported by the Grand Chief Imams of Egbaland, Ijebuland, and Remoland, the message emphasizes the significance of this joyous occasion beyond mere celebration. The statement signed by the Secretary General of the league,Imam Tajudeen Adewunmi Mustapha, was released following the Eid El Fitr celebration held on Sunday all.over the world. The statement read “we praise…

Graduating with a first-class degree is a remarkable feat, but doing so while leading a major campus tutorial and serving as a student pastor makes it even more extraordinary. Samuel Sodunke Sunday, a recent first-class graduate from the Department of English and Literary Studies at the Federal University, Oye-Ekiti (FUOYE), achieved a CGPA of 4.62. In this exclusive interview with KOREDE BADMUS, he shares his journey of balancing academics, leadership, and personal growth while offering insights to students striving for excellence. Can we meet you? I am Samuel Sodunke Sunday, a recent graduate of the Federal University, Oye-Ekiti, where I…

The political crisis in Rivers State has deepened following a heated exchange between the suspended governor, Siminalayi Fubara, and the former Head of Service, Dr. George Nweke, over recent bombings of oil pipelines and the burning of the Rivers State House of Assembly complex. Nweke, who recently resigned from his position, accused Fubara of orchestrating both incidents in a bid to suppress opposition and solidify his hold on power. However, the embattled governor has dismissed the allegations as a smear campaign orchestrated by political adversaries. The controversy stems from a series of violent incidents that have rocked the state. In…

Despite policies aimed at boosting local production, Nigerians spent a staggering N21.51tn on imports, including foodstuffs and other goods, over the past four years, data from the National Bureau of Statistics have revealed. A breakdown of the data shows that N6.77tn was spent on the importation of prepared foodstuffs, beverages, spirits, vinegar, and tobacco during the period under review. The expenditure rose from N594.08bn in 2020 to N2.79tn in 2024, reflecting a consistent increase in Nigeria’s reliance on foreign food products. The importation of live animals and animal products also surged, totaling N3.64tn over four years. This category saw a…

The autobiography of the late Judge of the International Court of Justice and former Attorney General and Minister of Justice, Prince Bola Ajibola, titled Tribulations & Trophies, Bola Ajibola . . . In His Own Words!, is set for a public presentation in Lagos on April 10, 2025. According to a statement by the Chairman of the Bola Ajibola Book Presentation Committee, Prof. Ibraheem Gbajabiamila, the event will take place at the Oriental Hotel, Victoria Island, Lagos. The occasion is expected to attract top government functionaries, members of the diplomatic corps, and captains of industry from both local and international…

Former President Muhammadu Buhari has expressed pride in his association with President Bola Tinubu, describing him as a key figure in Nigeria’s democratic and political landscape. In a statement issued by his media aide, Garba Shehu, on Saturday, Buhari celebrated Tinubu as he marked his 73rd birthday, emphasizing his contributions to Nigeria’s political development. Buhari acknowledged Tinubu’s instrumental role in the formation and success of the All Progressives Congress (APC), which led to his own presidency for two terms. He stated that the country’s historical records would be incomplete without acknowledging Tinubu’s efforts as an entrepreneur, party stalwart, and political…

Four Nigerian business moguls—Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu, and Femi Otedola—have secured spots on Forbes’ 2025 list of Africa’s billionaires, reaffirming their dominance in the continent’s economic landscape. PLATFORM TIMES reports that the prestigious ranking, released on Saturday, highlighted a significant surge in the collective wealth of Africa’s billionaires, rising from $82.4 billion in 2024 to $105 billion in 2025. The total number of African billionaires also increased from 20 to 22 within a year. Africa’s richest man, Aliko Dangote, topped the list with an impressive net worth of $23.9 billion, a remarkable increase from $13.9 billion in 2024.…

The Northern Elders Forum (NEF) has issued a stern ultimatum to both the Edo State and federal governments, demanding swift justice for the brutal killings of 16 hunters in the Uromi area of Edo State. The victims, all of northern descent, were tragically lynched by a mob on suspicion of being kidnappers while en route to Kano from Elele, Rivers State. In a statement released on Saturday, NEF spokesperson Abubakar Jiddere condemned the “barbaric, extra-judicial, and cowardly killing” of the hunters. The forum emphasized that the perpetrators must face public prosecution to ensure transparency and accountability, urging both governments to…