News
President Tinubu Appoints Ayo Sotinrin as Managing Director of the Bank of Agriculture
President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.
Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.
Before his appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.
He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
Mr Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity”, President Tinubu emphasised.
News
Edun, Dangiwa quit Tinubu’s cabinet * Oyedele becomes Finance Minister
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the memberships of the Federal Executive Council.
In a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy. He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy.
Oyedele was formerly a Minister of State in the ministry.
Also Mr. Muttaqha Rabe Darma has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Akume said: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”
News
Alleged Coup Plot: FG Files Charges Against Suspects arrested by DSS
The Federal High Court sitting in Abuja on Tuesday filed a 13-count charges, under case number FHC/ABJ/CR/206/2026, against five suspects arrested by the Department of State Services (DSS) in connection with an alleged foiled coup plot.
The suspects- Major General Mohammed Ibrahim Gana (rtd), Captain (NN) Erasmus Ochegobia Victor (rtd), Inspector Ahmed Ibrahim, Zekeri Umoru, Bukar Kashim Goni, and Abdulkadir Sani, were apprehended by the agency following intelligence that uncovered plans to overthrow the government.
The charges filed against them include treasonable felony, conspiracy to overthrow the Government, conspiracy to commit terrorism and other offenses related to national security threats.
Recall that in September 2025, a joint covert operation led by the DSS had uncovered a deadly plot by some serving military officers to destabilize the government and undermine Nigeria’s democracy.
This led to the arrest of some alleged key figures involved in the coup.
“The arraignment points to the federal government’s resolve to counter subversive threats amid ongoing efforts to maintain stability in the country”, a source affirmed.
News
Kaduna High Court Denies El-Rufai Bail
The Kaduna State High Court has refused bail to former governor Nasir El-Rufai, citing concerns that his influence could interfere with ongoing investigations.
Justice Darius Khobo ruled that the allegations of financial impropriety against the former governor are serious enough to warrant his continued detention.
Counsel to El-Rufai, Ubong Akpan, SAN, says the defence disagrees with the decision but respects the court’s position. He confirms that the legal team will promptly challenge the ruling by filing the necessary appeal.
The defence also maintains that the case is politically motivated, describing the trial as part of a broader agenda.
The development comes despite an earlier ruling by the Federal High Court in Kaduna, which granted El-Rufai bail under strict conditions, pending compliance.
At the State High Court, El-Rufai is facing a nine-count charge, including allegations that he influenced the Kaduna State Government to release about eleven billion naira to an unregistered entity for a light rail project that was never executed. He has denied all the allegations.
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