CBN rejects Osun nomination of ex-Aregbesola’s commissioner as bank director

The Central Bank of Nigeria (CBN) has rejected Governor Ademola Adeleke’s nomination of ex-Finance Commissioner, Wale Bolorunduro, as a Director of Osun-owned Living Trust Mortgage Bank.

The Nation reports Adeleke appointed Boluwaduro, who served under the administration of Ex-Governor Rauf Aregbesola as the Director and Chairman of Living Trust Mortgage Bank in 2024.

But the CBN in a letter obtained by The Nation with reference number: OFI/SG2/CON/PLI/018/171 dated March 21st 2025 titled: “Re: Resolutions Reached At The Settlements Helf on August 28, 2024 In Relation to LivingTrust Mortgage Bank PLC” declined the nomination of Boluwaduro.

The letter signed by the Director, Other Financial Institutions Supervision Department, Oluwasola Ajewole of the apex monetary authority approved the nomination of 10 others nominated as Managing, Executive, Non-Executive, Independent Non-Executive Directors.

The letter reads partially; “Dr. Adewale Bolorunduro’s approval is declined due to his involvement in the board crisis as ascertained in the investigation carried out by the CBN Examiners as at May 31, 2024.

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Man accused of killing POS operator arrested in Adamawa

The Adamawa State Police Command said one Umar SNU is in its custody and aiding investigation into the gruesome killing of a POS operator, Abbas Yuguda, in the state.

Yuguda, 35, was attacked in Mayo-Belwa LGA.

The Police Public Relations Officer (PPRO) in the state, SP Suleiman Yahaya Nguroje confirmed the development in a statement on Monday.

The police spokesman said the incident occurred on March 22 when the victim was on his way home after closing from his business premises.

He said some people armed with dangerous weapons attacked and inflicted severe injuries on Yuguda’s head and left him lying in a pool of blood.

He added that operatives from Divisional police headquarters, Mayo Belwa arrived at the scene and immediately rushed the victim to Cottage Hospital, Mayo-Belwa, in a bid to save his life.

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However, the victim was confirmed dead while on admission receiving treatment.

“On the strength of that, one of the suspects identified as Umar SNU, was trailed by some angry youths.

“He was subdued to mob action before being rescued by the police.

“He was equally rushed to hospital for medical attention now aiding investigation,” Nguroje said.

The Commissioner of Police, Dankombo Morris strongly condemned the act of violence and directed a thorough and discreet investigation to ensure the perpetrators are brought to justice.

He also warned members of the public to desist from taking laws into their hands, and urged them to allow the law to always take its course.

Man accused of killing POS operator arrested in Adamawa

Ex-LG chair challenges El-Rufai’s claims on council funds

Former Secretary of the Association of Local Governments Of Nigeria (ALGON), Kaduna State chapter, Alhaji Kabiru Jarimi, has refuted ex-Governor Nasir El-Rufai’s claim that he never interfered with Area Councils’ funds during his tenure.

Jarimi, who served under El-Rufai’s administration, described the claim as misleading, stating that funds were routinely deducted from councils’ allocations under various guises by the previous government.

The ex-ALGON State Secretary, who is also the former Chairman of Kaduna South local government, disclosed this in an interview over the weekend.

“I was shocked by El Rufai’s comment because local government funds were deducted without our approval. Most of the deductions targeted Southern Kaduna LGAs.

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“We never got our full allocations under El-Rufai. His government kept introducing policies to deduct funds unnecessarily. I even considered resigning. At times, we had no funds for overhead costs after paying salaries,” he recalled.

Jarimi, who said that El-Rufai justified the deductions as necessary to settle workers’ salaries, further noted that the state government also employed various means to withdraw additional funds.

The former Council Chairman cited the creation of the Kaduna Capital Territory Authority, Zaria Metropolitan Authority and Kafanchan Municipal Authority as a means of shortchanging local governments.

“Salaries were shared 60–40 between the capital territories and LGs around them. In Kaduna South, deductions were made in the name of sanitation, forcing us to remit funds to the Kaduna Capital Territory Authority (KCTA) every month,” he stated.

The former Chairman further alleged that the funds of local governments outside the capital territories were also deducted without explanation, citing deductions for security and ‘riot damage.’

Ex-LG chair challenges El-Rufai’s claims on council funds