News
JUST IN: FG to seize retirees’ property over unpaid housing loans
The Federal Government Staff Housing Loans Board says it has begun the compilation of list of retired civil servants who have defaulted on the full repayment of housing loans obtained.
Head of Information and Public Relations, FGSHLB, Mrs Ngozi Obiechina, disclosed this in a statement on Thursday in Abuja.
Obiechina quoted the Executive Secretary of the Board, Mrs Salamatu Ahmed, as saying that the move was aimed at recovering mortgaged properties from retirees who failed to meet their loan obligations.
Ahmed noted that the decision followed a recent memo issued by Mrs Patience Oyekunle, Permanent Secretary, Career Management Office, Office of the Head of the Civil Service of the Federation.
According to her the memo reminded public servants of the mandatory requirement to obtain a Certificate of Non-Indebtedness to the FGSHLB and MDA Staff Multipurpose Cooperative Society as a precondition for retirement.
The executive secretary said that the board would take necessary legal steps to repossess properties where applicable, in line with the terms of the loan agreements.
She said this was in line with the provisions of the Public Service Rules 021002 (p), issued by the Office of the Head of the Civil Service of the Federation.
”I am directed to bring to your attention the provision of Public Service Rule (PSR) 021002 (p), which mandates all public servants to obtain a Certificate of Non-Indebtedness as a prerequisite for retirement.”
“The Federal Government will commence the seizure of mortgaged properties belonging to retiring federal public servants who have failed to fully repay housing loans obtained from the board,” she said.
Ahmed explained that the FGSHLB reserves the legal right to repossess any mortgaged property in cases where a public servant exits service without fully repaying the loan.
She reiterated that the directive also applied to already retired officers who were still indebted.
She urged all affected public servants to regularise their loan status and obtain the required clearance certificate without delay.
“The board is currently compiling a list of such retirees, which will be forwarded to relevant regulatory agencies for debt recovery.
“The FGSHLB remains committed to enforcing compliance and ensuring proper loan recovery procedures are followed, ” she added.
NAN
News
BREAKING: President Tinubu Signs Electoral Act Amendment Bill into Law Ahead of 2027 Polls
President Bola Tinubu on Wednesday, February 18, 2026, signed the Electoral Act, 2022 (Repeal and Re-Enactment) Bill 2026 into law at the Presidential Villa, Abuja, around 5:00 p.m., finalizing sweeping changes to Nigeria’s electoral framework just days after the National Assembly passed the harmonized version and following the Independent National Electoral Commission’s (INEC) release of the 2027 election timetable.
The ceremony was attended by principal officers of the National Assembly, marking a swift assent to the legislation that repeals the 2022 Act and enacts fresh provisions to govern federal, state, and FCT elections.
Key highlights of the new law include a hybrid approach to result transmission: mandatory electronic upload of polling unit results to INEC’s IReV portal where feasible, with manual collation retained as a fallback option in cases of network failures, technical glitches, or other disruptions a provision that sparked intense debate and opposition protests during legislative proceedings.
The Senate’s passage on Tuesday featured a dramatic division vote on Clause 60(3), with 55 lawmakers supporting the retention of the manual proviso against 15 opponents, largely from opposition parties.
The House of Representatives saw rowdy sessions, opposition walkouts, and chants of “APC, ole” (thief) in protest over what critics called a dilution of full electronic transmission.
Other notable amendments include adjustments to election timelines (reducing the mandatory notice period to align with the 2027 calendar, avoiding overlaps with Ramadan), provisions on party primaries (emphasizing direct primaries while allowing consensus in some cases), and clarifications aimed at enhancing procedural efficiency for the February 20, 2027 presidential and National Assembly elections, and March 6 gubernatorial and state assembly polls.
The signing has reignited nationwide controversy. Opposition figures and civil society organizations have condemned the hybrid transmission clause as a step backward from transparency gains in the 2022 Act, warning it could enable manipulation and erode public trust. Former INEC Resident Electoral Commissioner Mike Igini had urged Tinubu not to assent, describing the bill as a “recipe for chaos” that favors elites over voters.
Supporters, including ruling APC lawmakers, argue the changes provide necessary flexibility for Nigeria’s diverse terrain and infrastructure challenges, ensuring elections proceed smoothly even in remote or poorly connected areas.
INEC is expected to issue guidance on implementing the new provisions soon, as preparations intensify for the 2027 general elections.
The development follows months of legislative back-and-forth, public hearings, and heated plenary sessions, underscoring deep divisions over electoral integrity in Africa’s most populous democracy.
President Tinubu’s swift assent has drawn mixed reactions on social media and among stakeholders, with calls for judicial challenges already emerging from critics who view the law as undermining the push for fully digital, tamper-proof elections.
News
Gas Leaks Kill 37 Miners in Plateau, 25 Hospitalised
The miners were said to have inhaled the gas while carrying out their activities underground. Most of the victims were young men between the ages of 20 and 35 who had been engaged in routine mining operations at the time of the incident.
At least 37 miners have reportedly died after being exposed to carbon monoxide while working at an underground mining site in Zurak, Wase Local Government Area of Plateau State.
Eyewitnesses said the incident occurred in the early hours of Tuesday as the miners were extracting zinc.
During the operation, toxic gas reportedly filled the tunnels, leading to a collapse within the mining site.
The miners were said to have inhaled the gas while carrying out their activities underground. Most of the victims were young men between the ages of 20 and 35 who had been engaged in routine mining operations at the time of the incident.
Twenty-five other miners who survived the exposure have been taken to a nearby health facility, where they are currently receiving medical treatment.
Confirming the incident, the Executive Chairman of Wase Local Government Area, Hamisu Anani, described the deaths of the young men as worrisome and tragic, especially as they occurred during the holy month of Ramadan, when many Muslims are fasting and praying.
He stated that the mining site has been secured to prevent further casualties and to enable investigators to determine the exact cause of the gas leak.
He also appealed to the state and federal government to come to the aid of the victims and their families, noting that the incident has left a painful impact on the community.
The member representing Wase State Constituency said efforts are ongoing to support the victims, while investigations into the incident continue.
News
UBA UK targets closing $100bn Africa trade gaps
UBA will leverage its Pan-African network and London operations to unlock capital, strengthen correspondent banking relationships and support African corporates and SMEs in accessing international trade opportunities.
UBA UK’s newly appointed CEO, Loknath Mishra, says that the bank is working hard to close Africa’s $100 billion trade finance shortfall by connecting more African businesses to global markets.
Mishra affirmed this during an appearance on Arise TV’s Global Business Report this week.
“UBA will leverage its Pan-African network and London operations to unlock capital, strengthen correspondent banking relationships and support African corporates and SMEs in accessing international trade opportunities,”he said.
According to him, the global trade order is changing, and supply chains are being rewritten and Africa is increasingly becoming a reliable and strategic partner.
He emphasised that UBA has a significant role to play in ensuring Africa is connected to the globe, and UBA UK plays a critical role in providing hard-currency liquidity, structured trade finance and settlement services through London’s financial infrastructure.
He highlighted that several international banks are retreating from African markets, even as trade across the continent is projected to grow faster than in many other regions.
He noted that the bank’s presence across 20 African countries enables UBA to connect buyers and sellers seamlessly, while UBA UK ensures efficient foreign currency settlement and international trade structuring.
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