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President Tinubu Appoints Ayo Sotinrin as Managing Director of the Bank of Agriculture

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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.

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National grid collapses again

Distribution load figures released at 3:12 p.m. on December 29, 2025, showed that electricity supply to the country’s power distribution companies fell drastically, indicating a widespread system failure.

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The national electricity grid collapsed again this afternoon with power supply across most parts of the country dropping to near zero.

Distribution load figures released at 3:12 p.m. on December 29, 2025, showed that electricity supply to the country’s power distribution companies fell drastically, indicating a widespread system failure.

Data from the Distribution Companies (DisCos) revealed that only two operators received electricity at the time of the collapse. Ibadan Electricity Distribution Company recorded a load of 30 megawatts (MW), while Abuja Electricity Distribution Company received 20 MW.

All other DisCos were allocated zero megawatts. Benin, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, Port Harcourt and Yola electricity distribution companies all recorded 0 MW, pointing to a nationwide outage affecting major cities and regions.

In total, electricity distributed nationwide stood at just 50 MW, far below normal

normal operating levels and grossly insufficient to sustain power supply to homes, businesses and critical services across the country.

The latest incident adds to a series of grid collapses recorded in recent years, which have often resulted in nationwide blackouts and prolonged efforts to restore electricity supply.

The recurring failures have continued to raise concerns about the fragility of Nigeria’s power infrastructure and the reliability of the national grid.

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Anthony Joshua’s accident caused by over speeding – FRSC

The FRSC Ogun Sector Command revealed that five adult males were involved in the crash., adding that two of the occupants who died on the spot were foreign nationals.

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Photo: FRSC officials at the scene of the accident. Credit: FRSC

The Federal Road Safety Corps has confirmed that excessive speed and wrongful overtaking led to the crash involving British-Nigerian boxing champion, Anthony Joshua, along the Lagos–Ibadan Expressway on Monday.

The Corps Public Education Officer, Assistant Corps Marshal Olusegun Ogungbemide, disclosed stated that the Lexus Jeep, which was suspected to be travelling beyond the legally prescribed speed limit on the corridor, lost control during an overtaking manoeuvre and crashed into a stationary truck well packed by the side of the road.

The FRSC Ogun Sector Command revealed that five adult males were involved in the crash., adding that two of the occupants who died on the spot were foreign nationals.

Their remains have since been deposited at the Livewell Morgue in Sagamu.

Joshua and the driver of the vehicle were rescued by security personnel attached to his convoy and taken to a hospital, where they are currently receiving medical attention.

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JUST IN: Anthony Joshua escapes death in Ogun auto crash

An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.

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World heavyweight boxing champion, Anthony Joshua, narrowly escaped death on Monday after being involved in a road accident along the busy Lagos–Ibadan Expressway at Makun area of Ogun State.

Eyewitnesses said the accident occurred at about 11:00 a.m., just before Danco Filling Station, Makun, inward the Sagamu Interchange on the Ibadan axis of the expressway.

Joshua was reportedly travelling in a Lexus SUV with registration number KRD 850 HN, which collided with a stationary truck under circumstances that are yet to be fully ascertained.

The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.

The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.

An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.

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