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BREAKING: Sanwo-Olu’s deputy chief of staff dies after brief illness

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Gboyega Soyannwo, Deputy Chief of Staff to Governor Babajide Sanwo-Olu has died suddenly after a brief illness.

Sources told Ohibaba.com that Soyannwo died on Wednesday after he was said to have slumped on Tuesday and was rushed to the hospital for treatment.

He was said to have been suffering from stroke which eventually claimed his life. He died at the age of 55 years.

Soyannwo was born on 3rd October 1968. He had his primary education at the Corona School Victoria Island, Lagos from 1974 to 1980 and his secondary education at the prestigious Kings College, Lagos from 1980-1985.

He thereafter proceeded to the Federal School of Arts & Science for his A-Levels which he successfully completed in 1987. He thereafter sought and was granted admission into the University of Lagos from where he graduated in 1992 earning a Bachelor of Science (B.Sc. Hons.) Degree in Economics.  Gboyega Soyannwo also held an MBA (General Management) from the revered Lagos Business School.

Soyannwo started his career at the Central Bank of Nigeria in 1992 as a Youth Corp member. He subsequently worked in the following institutions where he served in various capacities:  Financial Services Consultants Limited, STACO Insurance Plc., National Bank Of Nigeria Limited (now WEMA Bank Plc). Zenith Bank Plc. and Oceanic Bank International Plc (now Eco Bank Plc.), where he left in December 2009 as the Group Head – Commercial Banking to join the First Class Group Limited as Director, Finance and Strategy.

Gboyega spent the earlier years of his banking career taking up responsibilities that sharpened his leadership and talent management skills. He had been a creative problem solver who consistently demonstrates excellence in the efficiency, productivity and quality of his work.

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NAFDAC : Fake Cowbell Milk in circulation

Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.

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The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.

In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.

The legitimate product was replaced with Cowbell “Our Creamy Goodness.”

The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.

The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.

“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”

The regulator raised concerns over the health risks posed by the counterfeit product.

“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.

Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.

Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.

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Japan designates the city of Kisarazu for Nigerians to live and work

Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.

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The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan

Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.

The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.

Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.

“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.

The designation of Kisarazu builds on historical ties between Nigeria and the city.

The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.

Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.

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BREAKING: FG, state, local governments share N2.001trn July revenue

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The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).

The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.

The distributable revenue included:

  • N1.282 trillion in statutory revenue
  • N640.610 billion from Value Added Tax (VAT)
  • N37.601 billion from Electronic Money Transfer Levy (EMTL)
  • N39.745 billion from exchange rate difference

Out of the total distributed funds:

  • The Federal Government received N735.081 billion
  • State Governments received N660.349 billion
  • Local Government Councils received N485.039 billion
  • N120.359 billion was shared to oil-producing states as 13% derivation revenue

Revenue Breakdown:

Statutory Revenue (N1.282 trillion):

  • FG: N613.805 billion
  • States: N311.330 billion
  • LGs: N240.023 billion
  • 13% Derivation: N117.714 billion

VAT (N640.610 billion):

  • FG: N96.092 billion
  • States: N320.305 billion
  • LGs: N224.214 billion

EMTL (N37.601 billion):

  • FG: N5.640 billion
  • States: N18.801 billion
  • LGs: N13.160 billion

Exchange Gains (N39.745 billion):

  • FG: N19.544 billion
  • States: N9.913 billion
  • LGs: N7.643 billion
  • 13% Derivation: N2.643 billion

The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.

FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.

The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.

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