News
#NigeriaAt64: Protesters Gather In Lagos, Abuja Over High Living Costs
As Nigeria celebrates 64 years of independence from British colonial rule on Tuesday, thousands of citizens gathered in the nation’s economic and political capitals, Lagos and Abuja, respectively, to protest high living and energy costs in Africa’s most populous nation.
For them, it is not a time for celebration as they called on President Bola Tinubu’s administration to address the soaring inflation and unprecedented economic hardship in the country.
The October 1, 2024 protest, tagged “FearlessInOctober”, was propagated on social media, some two months after the August #EndBadGovernance protests.
The two demonstrations are synonymous in themes as aggrieved young people demand a reversal of petrol subsidy removal and electricity tariff increase.
On Tuesday, protesters gathered at the Utako area in Abuja, the country’s Federal Capital Territory (FCT), waving the Nigerian Green-White-Green flag and banners with various inscriptions such as “EndBadGovernance”, “DiasporaVoting”, “EndHighLivingCosts”, amongst others.
In Lagos, around the state capital in Ikeja, the situation was the same as youths besieged the popular Ikeja UnderBridge area, with vehicular movement at a standstill on a day already declared a public holiday by the government for the celebration of Nigeria’s independence.
The protesters in Lagos also wielded large-format banners with boldly encrusted statements like, “Hunger Dey”, and “Reverse Anti-People, Neoliberal Policies Of Privatisation, Deregulation and Devaluation of Naira”, among others.

Activist Omoyele Sowore was spotted at the Lagos venue of the rally where he and other demonstrators geared up to march to the iconic and eponymous Gani Fawehinmi Park in the ever-busy Ojota area of Lagos to continue the protest against what they have termed anti-government policies.
Both in Lagos and Abuja, scores of security agents were seen on alert at the protest locations where they maintained a respectable distance from the demonstrators.
Aside from Lagos and Abuja, defiant protesters also gathered in some of Nigeria’s 36 states to trumpet their demands.
The protests were held despite many warnings and dissuations from the government and security agencies.
Critics have faulted Tinubu’s twin policies of petrol subsidy removal and unification of the foreign exchange rates which many Nigerians believed were responsible for the unimaginable inflation and soaring living and energy costs in the country.
Energy costs have more than tripled since Tinubu took up the reins of government on May 29, 2023.
Petrol prices per litre jumped up from around N200 to over N1,000 whilst electricity tariff quadrupled, impacting the manufacturing sector and the pocket of Nigerian households.
During his second Independence Day Anniversary Broadcast on Tuesday, Tinubu pleaded for more patience and time, saying his administration is retooling its economic policies for the good of common Nigerians.
The former Lagos governor sympathised with Nigerians over the economic hardship his reforms might have caused whilst he assured them that his administration had been busy implementing measures to bring down the skyrocketing cost of living.
News
16-Year-Old Osasere Okundaye Becomes Nigeria’s Youngest Chartered Accountant
In a remarkable feat that has captured national attention, 16-year-old student Osasere Okundaye has emerged as Nigeria’s youngest chartered accountant, shattering the previous record set in 2022.
Okundaye successfully completed the professional examinations of the Institute of Chartered Accountants of Nigeria (ICAN), earning widespread acclaim as a shining example of youthful excellence and determination. Her achievement comes at an age when many peers are still navigating secondary education or early university studies.
Minister of Youth Development Ayodele Olawande congratulated the young prodigy, describing her accomplishment as an inspiring milestone. “I heartily congratulate Miss Osasere Okundaye on her outstanding achievement of becoming Nigeria’s youngest Chartered Accountant at just 16 years of age,” the minister said, highlighting her hard work and resilience as a symbol of the potential within Nigerian youth.
Okundaye’s success surpasses the record previously held by Jonathan Adewale (also known as Ojo Jonathan Adewale), who qualified as a chartered accountant at age 17 in 2022. Her qualification has sparked pride across the country and renewed focus on empowering young Nigerians in professional fields.
While full ICAN membership typically requires additional practical experience (usually three years), Okundaye’s completion of the rigorous exams marks a historic breakthrough. Details about her educational background and the journey to this achievement are still emerging, but her story is already motivating aspiring accountants and students nationwide.
This milestone underscores the growing narrative of exceptional young talent driving Nigeria forward in various sectors. Congratulations poured in from across social media and media outlets, celebrating Okundaye as a beacon of hope for the nation’s future.
News
JUST IN: Vigilante Groups Rescue Kidnapped NECO Students in Borno State
Local vigilante groups have successfully rescued several students of the National Examinations Council (NECO) who were abducted in Borno State, security sources confirmed on Monday.
The students were reportedly kidnapped while traveling or residing in the area for examination purposes. Details of the exact number rescued and the circumstances of the abduction remain limited, but eyewitness accounts indicate that vigilante fighters acting on intelligence engaged the kidnappers, leading to the release of the captives without major casualties reported among the students.
A community leader in the affected area praised the swift response of the vigilantes, stating that their deep knowledge of the local terrain played a crucial role in tracking the abductors. “These boys and girls were on their way to pursue their education. We thank God and our local defenders for bringing them back safely,” he said.
Borno State has faced persistent security challenges, including banditry and insurgent activities that have occasionally targeted schools and students. The rescue operation highlights the growing reliance on community-based security networks in complementing efforts by the Nigerian military and police in the region.
Authorities are yet to issue an official statement on the incident, but sources say efforts are ongoing to reunite the rescued students with their families and provide necessary medical and psychological support. Investigations into the kidnapping are also underway to apprehend those responsible.
This latest incident comes amid broader concerns over the safety of students in northern Nigeria during examination periods.
News
EFCC Charges Former Port Harcourt, Warri Refinery MDs with Money Laundering
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has filed separate money laundering charges against the immediate past Managing Directors of the Port Harcourt Refining Company (PHRC) and the Warri Refining and Petrochemical Company (WRPC).
The accused are Ahmed Adamu Dikko, former MD of the Port Harcourt Refinery, and Jimoh Olasunkanmi Yisawu, former MD of the Warri Refinery. The charges stem from the alleged diversion and laundering of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries.
According to court documents and investigations by PREMIUM TIMES, the EFCC accused the former officials of abusing their positions by receiving and laundering large sums of money through third parties in connection with controversial turnaround maintenance contracts.
The probe forms part of a broader investigation into alleged fraud involving billions of dollars linked to the rehabilitation of the Port Harcourt, Warri, and Kaduna refineries. EFCC sources have indicated that the total amount under scrutiny runs into billions, with earlier recoveries reported at ₦38.66 billion alongside other properties.
The charges include multiple counts of money laundering, with Dikko and Yisawu allegedly involved in diverting public funds meant for critical refinery upgrades. This comes amid ongoing scrutiny of officials from the Nigerian National Petroleum Company Limited (NNPCL) and contractors involved in the projects.
The development is the latest in a series of actions by the EFCC targeting alleged corruption in Nigeria’s oil sector, where massive investments in refinery rehabilitation have yielded limited operational improvements despite significant expenditures.
As of the time of filing, court proceedings for the arraignment of the former MDs were underway. The EFCC has not yet issued an official statement on the matter.
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