metro
FG considers cushioning measures for Trump’s tariffs
FG considers cushioning measures for Trump’s tariffs
The federal government has said it will soon unveil a series of intervention schemes aimed at mitigating the impact of the recent tariffs imposed by the United States government on imported goods.
Speaking yesterday at a ceremony where the Nigeria Association of Small and Medium Enterprises (NASME) honoured the Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, with an award for excellence and entrepreneurial success, the Special Adviser to the President on Job Creation, Mr. Adekunle Tola Johnson, affirmed the government’s readiness to respond to the tariff shock.
“I’m aware that the Ministry of Finance has issued a statement with regard to the tariff by the American government under Donald Trump. And whatever the Minister of Finance has said is more than sufficient. However, I know that President Bola Ahmed Tinubu will be announcing a number of schemes to absorb some of the shocks that will come out of the tariff implementation,” Johnson stated.
He also recalled that in 2023, the President introduced designated business hubs equipped with international-standard equipment to support SMEs operating in sectors such as Information and Communication Technology (ICT), agriculture, and fashion. These hubs offer SMEs access to facilities for up to eight hours daily, depending on their production needs.
“Last year, the President announced places SMEs can do businesses with international equipment—ICT, agriculture, fashion, etc. By the end of this year, we will do another eight or 10 more so we could have about 20.
This is inclusive of having job creation. SMEs can go and log in to these facilities eight hours a day. It depends on what you want to produce,” he said.
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Meanwhile, Ijeoma Odunoye, who also serves as NASME’s Deputy President (South), was celebrated for her outstanding leadership at Cutix Plc. The company reported a remarkable financial performance in 2024, with a revenue of N12.18 billion, profit before tax of N1.62 billion, and profit after tax of N1.07 billion—representing year-on-year growth of 32%, 36%, and 35% respectively.
In her acceptance speech, Odunoye dedicated the award to the board, management, and entire workforce of Cutix Plc, stressing the company’s unwavering commitment to quality.
“I appreciate the board of directors of the company that had worked hand-in-hand with the management to reach the milestone we are celebrating today,” she said.
“I appreciate the management team and every staff member of Cutix. I appreciate every contribution because I couldn’t have done it alone and I believe God will take us to greater heights.”
Sharing the philosophy behind the company’s enduring reputation, she added: “My advice has always been, for everything you want to do, let the quality speak for you. For every business you want to go into, try to find out what the rudiments and standards guiding it are, and you work according to these. That has kept Cutix going.”
“People will come to the market and say Cutix is expensive, but buy Cutix and sleep with your two eyes closed. Even the electricians will tell you, that if you don’t want to be spending on repairs and maintenance, use Cutix. It is expensive because we don’t cut corners. I’m telling people as a member of NASME, whom I call my family, quality will speak for you,” she said.
Cutix Plc is a leading Nigerian manufacturer of electrical, automotive, and telecommunications wires and cables. The company has earned widespread recognition for product quality and has consistently won the Standards Organisation of Nigeria’s NIS Gold Award since 2003.
FG considers cushioning measures for Trump’s tariffs
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metro
Adeleke challenges EFCC over freezing of Osun government account
Adeleke challenges EFCC over freezing of Osun government account
Osun State Governor, Ademola Adeleke, has demanded an explanation from the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, over the freezing of an account belonging to the Osun State Government.
Adeleke, who spoke with journalists at the Government House in Osogbo on Wednesday, described the action as unlawful and warned that it could disrupt government activities and affect the delivery of essential public services across the state.
The governor said the state government received a letter from its bank indicating that the EFCC had directed the financial institution to place a restriction on the government account.
According to Adeleke, the action was taken without a court order, adding that the state government would challenge the decision through legal means. (TheCable)
“We are supposed to be in a democracy where the rule of law must always prevail,” the governor said.
Adeleke argued that federal agencies must operate within constitutional and legal boundaries, insisting that the rights and powers of state governments should be respected.
He called on Olukoyede to publicly explain the reason for the account restriction and provide evidence to support the action.
“All I ask is for the EFCC chairman to explain to the good people of Osun State and Nigerians in general why he froze the Osun State Government account and show proof to support whatever reason he presents,” Adeleke said.
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The governor alleged that the development was part of a wider effort to intimidate his administration ahead of the August 15, 2026 Osun governorship election.
He also accused former Osun State governor, Gboyega Oyetola, of being behind what he described as political attacks against his administration. The allegation was not independently established in the reports reviewed.
Adeleke maintained that his government would not accept actions it considered unconstitutional or politically motivated.
He subsequently directed the state Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, SAN, to institute legal action against the EFCC at the Federal High Court in Osogbo. (Vanguard News)
Jimi-Bada said the state government received a “Post No Debit” communication linked to the EFCC’s directive to the bank where the affected government account is domiciled.
The Attorney-General said the state government was prepared to challenge the restriction, arguing that while the anti-graft agency has the power to investigate financial transactions, it must act within the limits of the law.
He said the restriction could affect the day-to-day operations of the state government but expressed confidence that the matter would be resolved through the courts.
Osun State Commissioner for Finance, Sola Ogungbile, also raised concerns about the possible impact of the account restriction on government operations and the welfare of residents.
Ogungbile denied claims that the Adeleke administration was using state funds to finance its re-election campaign and urged the EFCC to consider the potential consequences of restricting access to government funds.
Earlier, Adeleke had raised the alarm over an alleged plan to freeze additional Osun State Government accounts and the accounts of some senior government officials.
In a statement issued through the Commissioner for Information and Public Enlightenment, Kolapo Alimi, the governor alleged that the planned action was intended to paralyse government activities ahead of the governorship election.
Adeleke maintained that there was no legal basis for freezing the state government’s accounts and insisted that the anti-graft agency must follow due process in carrying out its investigations.
The development has heightened political tension in Osun ahead of the governorship election, with the state government insisting that it will seek judicial intervention while demanding a public explanation from the EFCC.
As of the time of filing this report, the EFCC had not publicly released detailed reasons for the account restriction or responded to the allegations made by the Osun State Government.
Adeleke challenges EFCC over freezing of Osun government account
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metro
Abia Assembly Passes Law to Protect Tenants From Exploitative Landlords, Agents
Abia Assembly Passes Law to Protect Tenants From Exploitative Landlords, Agents
The Abia State House of Assembly has passed the Abia Property and Tenancy Bill into law, introducing far-reaching reforms aimed at regulating property transactions, protecting landlords and tenants, and sanitising the activities of property agents across the state. The bill was passed during Tuesday’s plenary after consideration by the Committee of the Whole. The law provides for the establishment of the Abia State Property and Tenancy Regulatory Authority, which will oversee the implementation of the new law once it receives the assent of Governor Alex Otti. Speaker of the Abia State House of Assembly, Rt. Hon. Emmanuel Emeruwa, announced the passage of the bill during plenary, stating that the law would take effect upon receiving the governor’s assent. He congratulated members of the House on the successful passage of the legislation, expressing confidence that it would strengthen the state’s property administration framework and promote transparency, accountability, and fairness in landlord-tenant relationships. The Property and Tenancy Bill was jointly sponsored by the Deputy Speaker, Rt. Hon. Augustine Okezie, and Hon. Mandela Obasi, representing Ohafia North State Constituency, as part of the Assembly’s efforts to provide a legal framework that protects the interests of landlords, tenants, and genuine property agents while promoting order and professionalism within the real estate sector. It is one of four major bills passed by the Assembly in a single plenary session, alongside the Abia State Criminal Law Bill, the Abia State Administration of Criminal Justice Bill, and the Abia State Restorative Justice Bill. The law became necessary following widespread outcry from tenants in Umuahia and Aba over high house rents for residential and commercial buildings. Residents of the two major cities accused house agents of conspiring with landlords to arbitrarily jack up rents. According to lawmakers, over 90% of Abians are tenants, with many living under the global poverty level, making housing a major challenge.
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The new law establishes a comprehensive regulatory framework for Abia’s housing sector, introducing several protections for tenants and agents, as well as landlords. A key provision of the legislation makes it mandatory for all property agents operating in Abia State to be registered with the regulatory authority. Collecting rent from multiple tenants for the same property has been made a criminal offence punishable by law. Anyone found operating as a property agent without a valid licence will be liable to a fine ranging from N1 million to N10 million. The law fixes the maximum agent’s fee at 5% of the annual rent, curbing the excessive charges that have long burdened tenants in the state. Any licensed or unlicensed agent who defrauds a client, whether a prospective tenant or a landlord, will, upon conviction, face between six and seven years’ imprisonment. Landlords are prohibited from demanding, and tenants from paying, rent exceeding six months in advance. Violations attract fines or potential jail time. The bill also seeks to control unreasonable rent increases, a pressing challenge where landlords have historically raised rents at arbitrary rates. Tenants can now challenge such increases in court and cannot be evicted while the case is pending. The law streamlines the process of property recovery for landlords dealing with non-compliant or defaulting tenants, providing faster eviction procedures. Tenants must present proof of rent and utility bills payment when filing or appealing tenancy-related cases, ensuring transparency in dispute resolution. It shall be the duty of the party who engages the services of a professional in respect of the tenancy agreement to pay the fees for such professional services.
The bill provides for the inauguration of a governing board immediately after the governor assents to the law. The board will be responsible for regulating the activities of property agents, ensuring compliance with the law, enforcing professional standards, and addressing issues relating to property transactions in the state. Professional fees will be paid by the party who engages the services of a professional in respect of the tenancy agreement.
The legislation followed years of complaints from residents about exploitative practices in the housing sector. Lawmakers noted that the existing laws created a “lacuna for abuse of tenancy agreements and unreasonable increment of rents” which put many into undue suffering. Hon. Barr. Anderson Akaliro, representing Umuahia North State Constituency, described the bill as “a necessary step toward protecting both landlords and tenants,” adding that effective legal safeguards are essential for promoting harmony within communities. The bill has received broad support from lawmakers across the state, including Chief Whip Hon. Emeka Tommy Obioma. Many residents who have long faced arbitrary rent hikes and exploitative agent fees have welcomed the development as a major relief, while property owners have expressed appreciation for the streamlined processes for property recovery.
The law will become effective immediately upon receiving the Governor’s assent. Once operational, the Abia State Property and Tenancy Regulatory Authority will be established to oversee property transactions, monitor the activities of property agents, and safeguard the interests of both landlords and tenants across the state. The passage of the bill is expected to address longstanding concerns over arbitrary agency charges, unregistered property agents, and disputes arising from tenancy agreements, while creating a more transparent and regulated property market in Abia State. Stakeholders in the housing sector have welcomed the development, expressing optimism that the reform will reduce conflicts and foster mutual understanding between landlords and tenants. As Governor Otti’s assent is awaited, residents and stakeholders in the housing sector are hopeful that the new law will usher in a new era of fairness and accountability in Abia State’s property market. The Assembly’s commitment to passing this legislation reflects a broader recognition that housing is a fundamental right and that both tenants and landlords deserve a legal framework that protects their interests and promotes harmonious coexistence.
Abia Assembly Passes Law to Protect Tenants From Exploitative Landlords, Agents
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Boat Operators Rescue Woman Who Jumped Into Lagos Lagoon From Carter Bridge
Boat Operators Rescue Woman Who Jumped Into Lagos Lagoon From Carter Bridge
Panic broke out around the Idumota-Carter Bridge in Lagos on Tuesday after a woman was rescued from the Lagos Lagoon, in what witnesses described as an apparent suicide attempt. The incident drew the attention of commuters, pedestrians, and local boat operators, who responded swiftly to bring her to safety. Eyewitnesses said the woman plunged into the lagoon on Tuesday afternoon before nearby boat operators quickly moved towards her and successfully pulled her out of the water alive. A video of the incident, shared on X by user CHUKS (@ChuksEricE), showed the woman seated inside a wooden canoe moments after she was brought out of the water. She appeared visibly shaken and disoriented as one of the fishermen paddled the canoe away from the bridge. The footage captured bystanders gathered on the bridge, with many expressing concern about the woman’s condition and speculating about what may have driven her to jump into the lagoon. A woman speaking in Yoruba was heard asking, “What were you thinking to that extent?” while another bystander remarked, “I can never kill myself because of thinking.” Some members of the public were also heard appealing to the boat operator not to immediately hand the woman over to the police, reflecting concerns about her emotional state. Others responded, “Pray to never be in that position.” The successful rescue has highlighted the importance of a swift emergency response, as the presence of boat operators in the area—who are often close to the water—can be critical during such emergencies. The incident has also sparked conversations online about the growing need for mental health awareness, emotional support systems, and timely intervention for individuals experiencing psychological distress. Reacting to the video, an X user, James JERRY, questioned why the woman appeared to be sitting alone in the canoe after being rescued. “But why is she alone? What if she jumps again? The man is paddling his canoe, who will help out, then?” he wrote. Another user, Kingkosec, described the rescue as both a blessing and a challenge for the woman, writing, “Worst and best thing that can happen to anyone is to be rescued like her. Worst for not fulfilling your wish, best that you will still live again.”
As of the time of filing this report, authorities had not issued an official statement on the incident, and details about the woman’s identity, age, and condition remain unknown. It is also not clear whether she was taken to a hospital, placed in the care of relatives, or referred for psychological support. The Lagos State Police Command and the Lagos State Emergency Management Agency (LASEMA) have not commented on the rescue. The absence of an official update has left many concerned about the woman’s post-rescue care, particularly given the psychological trauma associated with such incidents.
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The incident adds to a growing list of cases involving people entering the Lagos Lagoon from major bridges in the city. In recent months and years, there have been several similar occurrences, with some ending tragically and others resulting in successful rescues. In June 2026, the Marine Police Unit of the Lagos State Police Command rescued a 23-year-old man, Joshua Babalola, after he jumped into the lagoon from the Third Mainland Bridge. He told authorities he had acted out of overwhelming financial difficulties and feelings of hopelessness. Police confirmed he was the second person in three months to be rescued from the lagoon. In July 2025, police operatives from the Rapid Response Squad (RRS) rescued an elderly woman from Carter Bridge. She was counselled and released into the care of her husband and son. The police had earlier in the year rescued a 35-year-old woman from the lagoon at Falomo Bridge in Ikoyi, with the state government offering her psychological and social support. In April 2023, the Lagos State Fire and Rescue Service confirmed the death of a man, identified as Buka Abana, after he entered the lagoon from the Lekki-Ikoyi Link Bridge. His body was recovered two days later. There have also been several other successful rescue efforts: in July 2020, police operatives rescued a 45-year-old man, Adeyinka Abiodun, who reportedly attempted to enter the lagoon from a bridge. At the time, the incident was described as the eighth such attempt prevented within two months. In September 2021, police stopped a 54-year-old Oworonsoki resident, Akinlolu Ajayi, from entering the lagoon at the Third Mainland Bridge. In April 2022, a 67-year-old Ogun State resident, Oluwatoye Bamigboye, was rescued after a similar incident on the Third Mainland Bridge. In May 2023, police reportedly prevented a 25-year-old street hawker, Rabiu Nafiu, from entering the lagoon from the Third Mainland Bridge. In November 2023, soldiers attached to the 81 Division of the Nigerian Army rescued Francesca Spark after she entered the lagoon at the 81 Division Officers’ Mess in Marina. In June 2024, passersby and officers of the Rapid Response Squad of the Lagos State Police Command intervened to prevent an American citizen from entering the lagoon from the Third Mainland Bridge.
Experts say the priority after such incidents should be ensuring the person’s immediate safety and connecting them with appropriate medical, psychological, and social support. Rather than judging or ridiculing people in distress, members of the public can help by listening, offering support, and directing them to professional assistance. The Lagos State Government, through the Ministry of Health, has in the past offered counselling and rehabilitation support to individuals rescued from such situations. However, many residents have called for more robust mental health infrastructure and greater public awareness to prevent such incidents from occurring in the first place. If you or someone you know is experiencing emotional distress or suicidal thoughts, please reach out to a mental health professional or call a helpline. You are not alone.
Boat Operators Rescue Woman Who Jumped Into Lagos Lagoon From Carter Bridge
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