News
FG directs MDAs in states to stop operating accounts with commercial banks
The federal government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the states strictly comply with the Treasury Single Account (TSA) policy by not operating accounts with commercial banks or circumventing its provisions.
The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, issued this directive during a working visit to the Federal Pay Office in Benin, Edo State, as part of her ongoing nationwide tour to assess the operations and challenges of FPOs.
A statement from the Office of the Accountant General of the Federation (OAGF), signed by the Director of Press and Public Relations, Bawa Mokwa, said that MDAs must adhere strictly to the TSA framework.
Dr. Madein reiterated that any MDA seeking to operate an account with a commercial bank must obtain direct approval from the President, which must be communicated through the AGF based on established guidelines.
To enforce compliance, she mandated FPOs to uphold transparency, dedication, and professionalism in their duties. As representatives of the OAGF, she urged them to maintain high ethical standards and avoid any actions that could undermine the credibility of the Federal Treasury.
Dr. Madein also stressed the importance of accurate financial records, warning that inefficiency could be perceived if records do not meet the required standards. She assured that officials from the Treasury headquarters would conduct regular inspections of FPOs to ensure compliance.
Additionally, she stressed the need for FPOs to be well-versed in financial regulations, including the Constitution, Financial Regulations, and the Public Procurement Act, to enhance their effectiveness.
Recognizing the operational challenges faced by FPOs, Dr. Madein disclosed that the federal government is constructing new office buildings in some states to provide permanent solutions to accommodation issues. She reaffirmed the OAGF’s commitment to prioritizing the welfare and well-being of FPO staff.
News
Nigeria Police Unveils New IGP Portrait
The Nigeria Police Force has recently unveiled the official portrait of the new Inspector-General of Police (IGP), Olatunji Rilwan Disu (also referred to as Tunji Disu).
This follows his appointment as Acting IGP on February 24, 2026, after the resignation of the previous IGP, Kayode Egbetokun (who cited family reasons).
The Nigeria Police Council unanimously confirmed and endorsed Disu as the substantive IGP on March 2, 2026, during a meeting chaired by President Bola Tinubu. His formal swearing-in is scheduled for Wednesday, March 4, 2026.
The portrait was released on March 3, 2026, by the Force Public Relations Officer, Benjamin Hundeyin, via official channels (including X/Twitter and the Nigeria Police Force’s social media).
It depicts Disu in full police uniform and is set to be displayed at key police formations nationwide as part of the formal recognition of his leadership role as the 23rd indigenous IGP.
Disu, born April 13, 1966 (age 59), hails from Lagos Island and joined the Nigeria Police Force in 1992. He has a background in public administration, forensic investigation, criminology, security studies, and more.
Prior roles include heading the Special Protection Unit and Force CID Annex in Lagos, and he previously served as Aide-de-Camp to then-Lagos Governor Bola Tinubu (during which time Egbetokun was also in the governor’s security detail).
This marks a leadership transition amid ongoing security challenges in Nigeria, with congratulations and discussions already circulating on social media and news outlets.
News
BRT Bursts into Flame on Mile-12 Bridge in Lagos
Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.
Passengers narrowly escaped death on Tuesday when a moving Bus Rapid Transit (BRT) bus caught fire on the Mile-12 Bridge along Ikorodu Road, Lagos.
Eyewitnesses reported that the high-capacity bus burst into flames mid-morning while in transit.
Passengers quickly evacuated the vehicle and moved to safety following the outbreak of the fire.
The Lagos State Fire and Rescue Service, working alongside other emergency responders, promptly extinguished the blaze.
The burnt bus was later removed from the bridge to prevent disruption to traffic flow.
The burnt bus was later removed from the bridge to prevent disruption to traffic flow.
Fortunately, there were no casualties reported from the incident.
News
President Tinubu nominates Oyedele as Minister of State for Finance
Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
Taiwo Oyedele and President Tinubu. Credit: State House Photo
President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Anite-Uzoka.
Anite-Uzoka will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration. President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.
Before President Tinubu nominated him as a minister, Oyedele(from Ikaram, Akoko, Ondo State), was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.
Oyedele, 50, is an economist, accountant and public policy expert.
He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance.
He attended Oxford Brookes University and earned a BSc in applied accounting.
He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.
Oyedele spent 22 years of his working career at PwC, joined in 2001 and rose to become the Fiscal Policy Partner and Africa Tax Leader.
Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.
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