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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
NAF Devastates Terrorist Enclave at Sambisa Forest
The strike achieved its intended effect with the complete destruction of all identified targets, significantly degrading the terrorists’ operational capabilities and disrupting their command and logistics networks.
The Nigerian Air Force (NAF) yesterday struck a notorious terrorist hideout within the Sambisa general area.
Ehimen Ejodame, Air Commodore Director of Public Relations and Information,Headquarters, Nigerian Air Force, disclosed this in a statement.
It said that the Air Component of Joint Task Force Operation HADIN KAI initiated the attack following series of intelligence, surveillance, and reconnaissance (ISR) missions that tracked terrorist movements following the 17 October ambush on ground troops at KASHOMRI.
Persistent ISR coverage over KASHOMRI and Sambisa revealed suspicious activities and active terrorist structures at ARRA, prompting a deliberate, intelligence-driven strike.
NAF air assets acquired and engaged designated objectives through coordinated, successive passes.
The strike achieved its intended effect with the complete destruction of all identified targets, significantly degrading the terrorists’ operational capabilities and disrupting their command and logistics networks.
This successful mission underscores the NAF’s unwavering commitment to protecting the nation, supporting ground forces, and sustaining relentless pressure on terrorist elements across all theatres of operation.
The Nigerian Air Force remains resolute in its mission to neutralize threats, defend Nigeria’s territorial integrity, and secure enduring peace for all citizens.
The Nigerian Air Force (NAF), under the directive of the Chief of the Air Staff, has achieved another major breakthrough in the ongoing counterterrorism operations with a precision Air Interdiction (AI) mission conducted on 19 November 2025 at ARRA, a notorious terrorist hideout within the Sambisa general area.
The Air Component of Joint Task Force Operation HADIN KAI initiated the attack following series of intelligence, surveillance, and reconnaissance (ISR) missions that tracked terrorist movements following the 17 October ambush on ground troops at KASHOMRI.
Persistent ISR coverage over KASHOMRI and Sambisa revealed suspicious activities and active terrorist structures at ARRA, prompting a deliberate, intelligence-driven strike. NAF air assets acquired and engaged designated objectives through coordinated, successive passes.
The strike achieved its intended effect with the complete destruction of all identified targets, significantly degrading the terrorists’ operational capabilities and disrupting their command and logistics networks.
This successful mission underscores the NAF’s unwavering commitment to protecting the nation, supporting ground forces, and sustaining relentless pressure on terrorist elements across all theatres of operation.
The Nigerian Air Force remains resolute in its mission to neutralize threats, defend Nigeria’s territorial integrity, and secure enduring peace for all citizens.
News
FAAC shares N2.094tn October revenue among FG, States, LGAs
The N2.094 trillion distributable revenue consisted of N1.376 trillion statutory revenue, N670.303 billion Value Added Tax (VAT) revenue, and N47.870 billion from the Electronic Money Transfer Levy (EMTL).
The Federation Account Allocation Committee (FAAC) shared a total of N2.094 trillion from the October 2025 Federation Account revenue among the Federal Government, the 36 States and the 774 local government councils.
The N2.094 trillion distributable revenue consisted of N1.376 trillion statutory revenue, N670.303 billion Value Added Tax (VAT) revenue, and N47.870 billion from the Electronic Money Transfer Levy (EMTL).
FAAC reported that the gross revenue for October stood at N2.934 trillion. From this amount, N115.278 billion was deducted as cost of collection, while N724.603 billion went to transfers, interventions, refunds and savings.
The communiqué stated that gross statutory revenue amounted to N2.164 trillion, an increase of N36.832 billion compared to the N2.128 trillion recorded in September 2025.
However, VAT inflow for October was N719.827 billion, lower than the N872.630 billion recorded in September by N152.803 billion.
NAF Devastates Terrorist Enclave at Sambisa Forest
BREAKING: NAF Delivers Devastating Precision Strike on Terrorist Enclave in Sambisa (Photos)
FAAC shares N2.094tn October revenue among FG, States, LGAs
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