metro
CBN to retire 1,000 workers, focuses on contactless payment systems
CBN to retire 1,000 workers, focuses on contactless payment systems
To safeguard Nigeria’s financial system, nurse the economy back to good health and restore investor confidence, the Central Bank of Nigeria (CBN) has issued a stern warning to banks and other culprits of anti-money laundering (AML) and counter-terrorism financing (CTF) regulations violations to live above board or face unpalatable consequences.
To whip them into line and insulate the economy from further vandalism, the apex bank has mandated a comprehensive overhaul of governance and compliance frameworks across all financial institutions, which would be subjected to regulatory scrutiny by 2025.
Speaking at the 59th Annual Bankers’ Dinner in Lagos at the weekend where he unveiled the CBN’s 2025 policy agenda, the Governor, Dr Yemi Cardoso, highlighted the need for structural reforms to prevent further economic setbacks.
While emphasising the need for stricter adherence to regulatory standards, he noted that as part of the CBN’s enforcement drive, 29 Deposit Money Banks (DMBs) were fined a total of N15 billion for failing to comply with AML/CTF requirements. These penalties, be stated, reflect the apex bank’s unflinching determination to fostering transparency and accountability within the financial sector while deterring illicit financial activities.
Cardoso, while addressing the governance lapses, also shed light on the wider economic consequences of systemic inefficiencies.
He revealed that Nigeria incurred a huge loss of N6.2 trillion in 2022 due to distortions in the foreign exchange (FX) market and restrictive policies that stifled economic activities.
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He added that the FX challenges, compounded by inadequate policy implementation, created an environment of uncertainty that undermined investor confidence and stymied growth across critical sectors.
Cardoso emphasised that addressing these issues requires a multifaceted approach, starting with robust reforms in the financial sector and proactive measures to stabilise the FX market.
He outlined the CBN’s policy agenda for 2025, which aims to recalibrate the regulatory landscape, restore market confidence and promote sustainable economic development.
He said: “Historically, the industry has struggled with recurring issues, but we are confident that this approach will help change that narrative. A bank that prioritises compliance does more than protect itself, it strengthens the entire financial ecosystem. It directs financial resources toward growth, innovation, and prosperity rather than crime and corruption. Together, we must exceed standards, demonstrating to the public and the world that we are stewards of integrity and trust”.
He revealed that to further enhance the functionality of the foreign exchange market, the apex bank is introducing an electronic FX matching system, which has proven effective in other markets.
Cardoso said, “The current dollar exchange rate reflects the price that the most desperate buyers are willing to pay, and this does not represent the true market value of the naira.
“The introduction of the electronic matching system will correct these distortions by enhancing the price discovery process. Additionally, it will significantly boost the Central Bank’s oversight and intervention capabilities, ensuring a more stable and transparent foreign exchange market”.
The CBN governor noted that the CBN was aware of payment delays and has encouraged customers to report any difficulties withdrawing cash from bank branches or ATMs directly to the CBN through designated phone numbers and email addresses for their respective states.
Among the policy thrusts the governor listed include; the ambitious target to achieve 80% financial inclusion by 2026, implementation of its open banking framework, advancing contactless payment systems, and expanding its regulatory sandbox and exiting the FATF grey list by the second quarter (Q2) of 2025, which he assured that the CBN remains committed towards achieving despite higher interest rates and rising inflation.
Economic analysts have praised the CBN’s actions as a critical step toward rebuilding Nigeria’s financial integrity.
CBN to retire 1,000 workers, focuses on contactless payment systems
metro
Peller Escapes Generator Fire at Lagos Home, Recalls Earlier Lekki–Epe Scare
Peller Escapes Generator Fire at Lagos Home, Recalls Earlier Lekki–Epe Scare
Nigerian TikTok sensation and streamer, Habeeb Hamzat, popularly known as Peller, has narrowly escaped injury following a generator fire incident at his residence.
The social media influencer disclosed the incident on Saturday via his verified Instagram page, where he shared a video capturing the early-morning blaze. In the footage, flames could be seen engulfing his generator as Peller, visibly shaken, cried out for help while neighbors and occupants rushed to contain the fire.
After sustained efforts using buckets of water, the fire was eventually brought under control. The generator was completely destroyed, but the building itself and everyone inside the house were spared, preventing what could have escalated into a major tragedy.
Shortly after the incident, fans and followers flooded his comment section with messages of relief and gratitude, praising the swift response that prevented loss of life or further property damage. The video also circulated widely across other social media platforms, where viewers raised concerns about generator safety, ventilation, and fire preparedness in residential areas.
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As of the time of filing this report, the exact cause of the fire had not been independently confirmed, though preliminary reactions online speculated about possible fuel-related or electrical issues.
Earlier Lekki–Epe Expressway Incident
The generator fire comes months after Peller survived a separate and highly publicized scare along the Lekki–Epe Expressway.
During that earlier episode, which unfolded during a widely shared livestream, the influencer was seen driving while emotionally distressed. The broadcast, titled “RIP Peller,” sparked widespread concern after he made a series of alarming remarks that unsettled viewers.
At the time, Peller appeared agitated during a phone conversation believed to involve his girlfriend, amid online speculation about personal relationship challenges. The livestream ended abruptly after the vehicle was involved in a crash, though Peller later confirmed he survived the incident.
The back-to-back scares have renewed conversations among fans and industry observers about mental health awareness, content moderation during livestreams, and personal safety, particularly for young influencers who share real-time experiences with large audiences.
Despite the incidents, Peller has continued to engage his followers and has expressed appreciation for the overwhelming support he has received.
Peller Escapes Generator Fire at Lagos Home, Recalls Earlier Lekki–Epe Scare
metro
Abuja Church Expels Newly Married Woman Over Refusal to Consummate Marriage
Abuja Church Expels Newly Married Woman Over Refusal to Consummate Marriage
An Abuja-based church has expelled a newly married woman, Oyiza, after she allegedly refused to consummate her marriage with her husband, Isaac—an action that has sparked widespread debate over marital consent, religious authority, and women’s rights in Nigeria.
The couple, who were living in Ibadan, got married on September 6, 2025, following the completion of their traditional marriage rites in Okene and a court wedding in Ibadan. Oyiza is originally from Kogi State.
According to accounts presented by the husband and church officials, marital tensions began shortly after the wedding, with Oyiza reportedly declining all attempts at intimacy. She allegedly told her husband she did not love him and later accused her mother of pressuring her into the marriage.
Family members and church leaders reportedly intervened multiple times over several months in an attempt to resolve the matter. Despite repeated marriage counselling sessions, the woman was said to have maintained her position, insisting she was emotionally unprepared for the union.
Isaac claimed that prior to the wedding, Oyiza had expressed doubts about proceeding with the marriage but later reassured him and the church’s marriage committee that she was ready, leading to approval of the wedding plans.
Photos from the ceremony, later circulated on social media, showed Oyiza appearing cheerful among friends and church members. However, Isaac said the marriage quickly deteriorated after the wedding, describing the relationship as emotionally exhausting and restrictive.
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In February 2026, the controversy escalated after the church released a video on its YouTube channel announcing Oyiza’s expulsion and excommunication. The church’s International Director stated that five months of mediation had failed.
During the announcement, the cleric used strong and controversial language, accusing Oyiza of spiritual misconduct and urging members to pray against her, claiming she had disgraced the church. He also referenced traditional cultural practices, suggesting that emotional readiness should not prevent marital obligations—remarks that triggered intense backlash online.
The cleric further claimed that his wife received a spiritual revelation alleging that Oyiza was under a supernatural covenant preventing marital relations. These claims were made publicly but remain unverified.
Oyiza was not present during the announcement, and efforts to obtain her response have been unsuccessful.
The incident has since generated nationwide reactions, with many Nigerians, legal commentators, and rights advocates arguing that consent within marriage is non-negotiable and that religious institutions should not compel intimacy or publicly shame individuals over private marital disputes.
The case has reignited conversations around:
- Forced marriage and family pressure
- Consent and bodily autonomy
- Limits of church authority in private relationships
- Mental health and dignity of women
As of the time of reporting, the church has not released any further statement addressing the public criticism.
Abuja Church Expels Newly Married Woman Over Refusal to Consummate Marriage
metro
Pastor Sentenced to Death by Hanging for Murdering Landlord in Akwa Ibom
Pastor Sentenced to Death by Hanging for Murdering Landlord in Akwa Ibom
Prince Emmanuel Umoh, the resident pastor of Living Faith Church Chapel, Ifa Ikot Ubo–Ifa Ikot Okpon Branch in Uyo, Akwa Ibom State, has been sentenced to death by hanging for the murder of his landlord, Gabriel Bassey, a 500‑level civil engineering student at the University of Uyo.
Umoh was found guilty by Justice Gabriel Ette of the Akwa Ibom State High Court after evidence showed he fatally stabbed Bassey on December 21, 2020, inside the estate in Ifa Ikot Ubo, a community in Uyo Local Government Area. The judgment was delivered following a trial that lasted more than five years.
The prosecution established that Bassey had moved into his late mother’s property in Ifa Ikot Ubo to secure the family estate and be closer to school. The property previously housed a nursery school his mother built before her death in December 2019.
Court records show that part of the estate — a hall connected to a two‑bedroom apartment occupied by Bassey and his younger brother, Emmanuel Bassey — was leased to Living Faith Church for worship and community use at an annual rent of ₦150,000, with permission from Bassey’s father, Emana Bassey, a retired principal. The church began using the hall before the full rent was paid.
Umoh, who was later appointed the chapel’s first resident pastor, was given a spare key to the deceased’s apartment to allow access to church property stored inside. Evidence presented in court revealed that after this arrangement, personal items belonging to the deceased’s late mother — including clothing, dishes and valuables — began to go missing.
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The father, Mr. Emana Bassey, testified that he initially approved the spare key arrangement. However, when items started disappearing, he instructed his son to return the key. The defendant claimed he had lost the key, prompting concerns over security. The church’s senior pastor, Owoidoho Akpan, who testified for the defence, gave the Bassey family ₦5,000 to replace the locks. After the locks were changed, no further items were reported missing, the court heard.
Additional tensions arose between Umoh and Bassey over the use of rent funds supposedly meant for hall renovations, with disagreements escalating in the weeks leading up to the murder.
On the day of the incident, neighbours observed Umoh entering the premises shortly before cries of “Jesus” were heard. Minutes later, he was seen wearing a blood‑stained white garment, claiming he had fallen while fixing a banner. Bassey was not seen alive again.
Five days later, on December 26, 2020, Bassey’s decomposing body was found in his room, wrapped in a mat with multiple stab wounds and a butcher’s knife beside him. Forensic evidence and witness testimony linked Umoh to the crime, with bloodstains on his clothing and the fact that he was the last person seen with the deceased.
Umoh was arraigned on December 6, 2021, on a single count of murder. He pleaded not guilty, and the prosecution called six witnesses, including members of the Bassey family and church officials, to support its case.
In his lengthy judgment, Justice Ette described the crime as deeply troubling and a betrayal of trust, particularly because it was committed by a religious leader on church grounds.
“Life is sacred, and those who represent God on earth should teach that. It is an irony and quite appalling when a man who claims to be the representative of the divine on earth stoops so low as to denigrate the very essence of his calling and take someone’s life on the premises of the church,” the judge said.
He added that individuals who violate public trust in this way threaten society and must be punished in accordance with the law.
Having found the defendant guilty beyond reasonable doubt, the court pronounced sentence:
“I hereby sentence you to death by hanging.”
The conviction brings to an end nearly six years of legal proceedings and underscores the rule of law in Akwa Ibom State, even when the accused holds a position of religious leadership.
Pastor Sentenced to Death by Hanging for Murdering Landlord in Akwa Ibom
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