News
Reps Orders CBN to suspend planned retirement of 1,000 staff

The House of Representatives has constituted a high-level ad hoc committee to investigate the planned mass retirement of over 1,000 staff of the CBN.
The House therefore urged the CBN to suspend further implementation of the retirement exercise and associated payoff scheme pending the outcome of its committee’s investigation.
The resolution to set up the committee was adopted following a motion of urgent public importance by Rep. Kama Nkemkama (LP-Ebonyi) during plenary on Tuesday.
The motion is entitled, “Need to Investigate the Retirement of Over 1,000 Staff of the Central Bank of Nigeria (CBN) and the Associated N50 Billion Payoff Scheme.”
In the motion, Nkemkama stated that the sudden mass retirement of over 1,000 staff, including directors and senior management, raises critical questions.
These, according to him, include the criteria for selection, transparency, and adherence to due process in line with public service guidelines and labour laws.
He said that such a significant decision has socio-economic implications for the affected individuals, their dependants, and the broader economy.
The lawmaker said that this would pose risks of mismanagement and abuse of public funds in a sector vital to Nigeria’s financial stability.
The House also resolved to engage the leadership of the CBN to evaluate the potential economic and institutional impact of mass retirement on Nigeria’s financial sector.
News
UPDATE: Four-storey building collapses in Lagos (Photos)

A four-storey building has collapsed in Ojodu-Berger area of Lagos, with occupants trapped, and some feared dead.
Panic gripped residents when the uncompleted building suddenly collapsed on Saturday.
The building houses the popular Equal Right Restaurant.
The incident happened at about 11a.m., today.
As of press time, men of Lagos State Fire and Rescue Service, as well as the Lagos State Emergency Management Agency, LASEMA, who had been contacted have arrived at the scene.
See photos below:




News
BREAKING: Many feared trapped, as Building collapses in Ojodu Lagos

An unspecific number of people are believed to be trapped under an uncompleted storey building which collapsed in Lagos.
The building housing Equal Rights restaurant located at Oremeta Street, Ojodu Lagos, went down on Saturday morning.
It is believed, however, that some people are still trapped underneath the rubble.
Details later….
Crime
Police rescue 10 kidnapped University of Benin students

Edo State Police Command says it has rescued 10 University of Benin, UNIBEN, students abducted by suspected kidnappers at Ofosu area along the Benin-Ore expressway.
It was gathered that the students were on their way to Babcock University for Annual GYC Africa Conference when they were kidnapped on April 16 at the community bordering Edo and Ondo States.
The Public Relations Officer of the Command, Moses Yamu disclosed this in a statement made available to newsmen.
Yamu said the rescued students are eight males and two females.
He said during the rescue operation, one of the suspected kidnappers was killed, while other escaped with bullet wounds.
He also disclosed that one of the Police officers, an Inspector sustained gunshot injury and is currently responding to treatment in an undisclosed hospital.
The statement read: “The Command wishes to update the general public of the unfortunate kidnap of some students who were on their way to Babcock University for Annual GYC Africa Conference on 16/04/2025 at a location bordering Edo and Ondo States.
“On receipt of this information, the Commissioner of Police, Monday Agbonika, immediately deployed operatives of the Ohosu Division, IRT, tactical teams alongside vigilantes and hunters into the bushes for possible rescue of the victims and arrest of suspects.
“During the operation, operatives engaged in a gun duel with these kidnappers. In the process, one of the kidnappers was neutralised, while others escaped with bullet wounds.
“The operatives were cautious to avoid collateral damages as the kidnappers used the victims as human shields. Unfortunately, an Inspector of Police sustained a gunshot injury and is currently responding to treatment.
“This rescue effort eventually paid off as the ten (10) kidnapped students comprising eight (8) male and (2) females were released due to intense pressure mounted on them.”
-
News3 days ago
WASSCE 2025 Exams: WAEC Introduces New Paper Format to Curb Malpractices
-
Business2 days ago
LCCI, NIXIN Reel Actions to Boost Nigeria’s Paper Industry
-
Sports2 days ago
U-20 AFCON: Flying Eagles Coach Unveils 24- Man Squad
-
News2 days ago
WAEC revokes licenses of 574 schools over exam malpractices
-
News2 days ago
Epileptic electricity: FG to inject 1,900MW solar power into grid
-
News2 days ago
Tinubu working remotely from overseas, returns after Easter – Presidency
-
News2 days ago
Easter: IG orders tight security, deployment of personnel to churches
-
Business3 days ago
Afreximbank disburses $50bn in Nigeria in 10 years