Nigerian Navy hands over 3 suspected stowaways to Nigeria Immigration Service

 

The Nigerian Navy has handed over, three suspected stowaways rescued from a merchant vessel, MT ANATOLIA, to the Nigeria Immigration Service.
A stowaway is a person who conceals self aboard a vessel with the intent of travelling illegally to another country without authorisation.
The handover forms part of ongoing collaborative efforts between security agencies to curb illegal migration and enhance maritime safety and security.

The suspects, according to a statement by the Service were discovered on Saturday, 28 March 2026, concealed within the rudder compartment of the vessel while the ship was berthed at Dangote Terminal, Lagos.
They were safely evacuated from the compartment and conveyed to NNS BEECROFT for preliminary investigation and profiling and that initial findings identified the suspects as Armah Peter (26), Amisah Daniel (22), and Amoh Michael (25), all male nationals of Ghana.
Investigations revealed that the suspects had earlier travelled from Ghana to Abidjan, Côte d’Ivoire, where they reportedly lived and engaged in fishing activities for about one year.
The trio, with the aid of a canoe, gained access to the rudder compartment of MT ANATOLIA before the vessel departed Ivorian waters, with the intention of travelling illegally to Europe, the statement added.
The Service said that “after several hours at sea, believing they had arrived at their intended destination, they alerted the vessel’s crew, leading to their detection and subsequent rescue.
“Once again, parents, guardians, and authority figures within the society are requested to advice their youths against attempting to board sea-going vessels illegally,” the statement signed by Commodore A. Adams-Aliu said. Globalupfront.

Wike to Bala Mohammed: You’re already conquered

 

The Minister of the Federal Capital Territory (FCT), Nyesom Wike has declared that the Bauchi state Governor, Bala Mohammed has been conquered due to his inconsistent in political stance.
He described Mohammed as a dishonest politician that cannot be trusted, saying he shifts alliances at will, warning Nigerians to watch closely those who, “say one thing today and another tomorrow”
The Minister mocked Governor Mohammed’s demand for the position of National Secretary of the PDP for his faction, describing him as a “conquered person” who should negotiate from a position of weakness, not by asking for the most important position.
​”You’re already conquered, you lost. You’re talking from a weak point and you want to demand Secretary? That is not done,” Wike said.
He boasted that the recent convention of the PDP has silenced doubters,  who predicted its collapse, saying “the convention has shown that the PDP is alive and kicking. Yes, there are one or two issues, but that is normal and we will fix them.”
Wike said  that ahead of the recently concluded national convention of the Peoples Democratic Party (PDP), he (Bala Mohammed) approached him and asked to produced the PDP National Secretary, a request he said was declined.
The FCT Minister also said the Bauchi State governor came to him in 2022, asking that President Bola Tinubu, who was the All Progressives Congress (APC) presidential candidate then, be supported in the 2023 election, only to backtracked few days later, insisting that such action showed the unstable character of Governor Mohammed.
He dismissed allegations by Governor Mohammed, that he was planted to destroy the PDP, branding the claim as “embarrassing, baseless and a product of an inconsistent mindset.”
Wike said; “It’s very embarrassing. He (Bala Mohammed) says one thing in the morning, in the afternoon he says a different thing. But for us, we are very happy that he has told Nigerians who he is —that he’s never been stable.” He said.
​
He reaffirmed his intent to remain in the PDP while maintaining his support for the President.
“I have made it clear, I will not leave the PDP, but I will continue to support President Bola Ahmed Tinubu. That has always been my position, since 2022. I didn’t hide. Unlike those who will say one thing in the morning and say another in the afternoon,” Wike declared.
Wike while inspecting ongoing projects in Jahi and Kuje in Abuja, on Wednesday, expressed satisfaction with the pace and quality of work done by the contractors.
He added that the projects, which included the bridge and road linking Jahi with Gwarimpa, Airport Expressway to Kuje and Kuje to Gwagwalada, are expected to be commissioned to mark the third anniversary of President Bola Ahmed Tinubu’s administration.
Authority.

2027: Attempt to endorse Tinubu as PDP candidate will be resisted – Turaki group

 

The faction of the Peoples Democratic Party (PDP) aligned with Kabiru Tanimu Turaki has declared that any attempt to endorse President Bola Ahmed Tinubu as consensus candidate of the party ahead of the 2027 elections will be firmly resisted.
This position was made known in a press briefing by the groups National Publicity Secretary, Ini Ememobong, who also presented interim results of the ongoing digital membership registration exercise.
Ememobong disclosed that over 4.2 million Nigerians had registered on the party’s digital platform within three weeks, describing the figure as a strong indication of continued public trust in the PDP despite internal challenges.
“Despite the trials we have faced, millions of Nigerians have kept faith with the PDP. This is a clear signal that the electorate is not defecting with politicians but remains committed to a credible alternative,” he said.
Emeobong noted that the registration exercise, which covered wards across the country, revealed significant youth participation, with over 40 per cent of registrants aged between 18 and 40 years.
According to him, the data also showed widespread national spread, with strong numbers recorded in the South West, South South, and North Central regions, as well as notable participation from Kaduna, Edo, and Oyo states.
The spokesman said the turnout reflects growing dissatisfaction with the ruling All Progressives Congress (APC)-led government, particularly over issues of insecurity and economic hardship.
“These millions of Nigerians are dissatisfied with the current administration, where insecurity and killings have become the new normal,” he said, adding that delayed government responses to violent incidents have further deepened public frustration.
Ememobong accused some politicians of abandoning the party for personal gain, stressing that while political elites may defect, the electorate remains largely loyal to the PDP.
“What this registration has shown clearly is that politicians are defecting, not the electorate,” he stated.
He also raised concerns over what he described as attempts by certain individuals to position the PDP in support of President Tinubu’s re-election bid, warning that such moves would not be tolerated.
“We call on Nigerians to ignore those masquerading as PDP members while endorsing the President for a second term,” Ememobong said. “The PDP is an opposition party and cannot become an appendage of the APC.”
The Turaki-led group maintained that any form of political alignment that compromises the party’s opposition role would be rejected.
“Attempts to endorse President Tinubu as a PDP candidate will be resisted. It is impossible for the PDP to be subsumed under another party,” he added.
The party further announced an extension of its digital membership registration exercise to April 30, 2026, to accommodate more Nigerians willing to join.
Ememobong urged members to take advantage of the extension, noting that registration remains free and accessible through the party’s official platform.
He assured supporters that the party’s leadership would continue efforts to reposition the PDP and protect its structure from what he described as “anti-democratic forces.”
“We will take all necessary steps to rescue our party from those seeking to weaken it or turn it into a tool for another party,” he said.
Reaffirming the PDP’s role as a major opposition force, Ememobong said the party remains committed to offering Nigerians a credible alternative ahead of the 2027 general elections. Authority.

Trump: We’ll bring Iran back to the Stone Age where they belong

 

United States (U.S.) President, Donald Trump, addressed Americans on Wednesday night, saying the United States’ military “Operation Epic Fury” is nearing completion of its objectives in Iran.

Trump, in an address from the White House, said the U.S. was intensifying operations in Iran, permanently disabling its ability to project power outside its own borders.

The U.S. leader said the objective of the war was to ensure that Iran never has nuclear weapons.

“I’ve made clear from the beginning of Operation Epic Fury that we will continue until our objectives are fully achieved,” he said.

“I can say tonight that we are on track to complete all of America’s military objectives shortly, very shortly.

“We’re going to hit them extremely hard over the next two to three weeks – we’re going to bring them back to the Stone Age, where they belong.”

The U.S. kicked off combat operations against Iran on February 28, destroying Iranian offensive missiles and missile production, the Iranian navy, and other security infrastructure.

Trump told the nation that the U.S. military has been masterful in how it has decimated one Iranian military capability after another.

“We are systematically dismantling the regime’s ability to threaten America or project power outside of its borders,” the president said.

“That means eliminating Iran’s navy, which is now absolutely destroyed, hurting their air force and their missile program at levels never seen before, and annihilating their defense industrial base.

“We’ve done all of it; their navy is gone. Their air force is gone. Their missiles are just about used up or beaten.”

The president said that, taken together, these actions have crippled Iran militarily and crushed its ability to support terrorist proxies.

According to U.S. Central Command, since the start of operations, over 12,300 sites have been struck in Iran, over 13,000 combat flights have been launched, and over 155 Iranian military vessels have been damaged or destroyed.

Trump asked Americans to remember the military personnel who have lost their lives during the conflict.

“We think especially of the 13 American warriors who have laid down their lives in this fight to prevent our children from ever having to face a nuclear Iran,” the president said.

The president also thanked allies in the Middle East, including Israel, Saudi Arabia, Qatar, the United Arab Emirates, Kuwait, and Bahrain, for providing support to American forces. Freedom.

ADC rejects INEC’s delisting of Mark, Aregbesola, alleges political pressure

The African Democratic Congress (ADC) has rejected the purported delisting of its key political figures, including former Senate President David Mark and former Osun State governor Rauf Aregbesola, by the Independent National Electoral Commission (INEC), describing the electoral body’s interpretation of a recent court ruling as misleading and politically motivated.

The ADC has in recent months positioned itself as a growing force within Nigeria’s opposition landscape, attracting several high profile politicians, issuing strong criticism of government anti-people policies as well as amplifying calls for electoral reforms.

In a statement issued by its National Publicity Secretary, Bolaji Abdullahi on Wednesday, the party accused INEC of acting under pressure from a “jittery government” allegedly threatened by the growing popularity of the ADC. The party claimed that recent developments reflect a broader attempt to weaken opposition forces and impose a one-party system in Nigeria.

The controversy stems from INEC’s interpretation of a Court of Appeal pronouncement, which the commission cited as justification for its position. However, the ADC argued that INEC’s stance is riddled with contradictions and fails to align with both the facts of the case and established legal reasoning.

“We reject INEC’s interpretation of the Court of Appeal ruling. We knew that INEC was being pressured by a government that has become jittery from the ADC’s rising momentum, even in the face of its relentless assault on all opposition parties” the statement read.

The party further alleged that the electoral umpire’s actions signal a troubling alignment with the ruling government, rather than neutrality as required of an independent institution. According to the ADC, INEC’s response to the appellate court’s statement demonstrates a willingness to undermine democratic principles and the will of the Nigerian electorate.

Describing INEC’s press statement as “full of contradictions that fly in the face of both facts and reason,” the ADC vowed to publicly clarify what it called inconsistencies in the commission’s position. It added that a detailed response would be made available in due course to address the legal and procedural issues involved.

The party disclosed that it is currently reviewing its legal and political options in response to the development and will announce its next course of action soon. While it did not specify whether it would challenge INEC’s decision in court, the tone of the statement suggests that further legal action remains a possibility.

In the meantime, the ADC called on its members and supporters across the country to remain calm and resolute. “We urge our members and all Nigerians to remain steadfast as they await further directives,” the statement added.

The party reiterating its confidence in its political trajectory. “Nigeria is rising. ADC is rising,” it declared. Authority.

Peter Obi: A ‘Mascot’ of a new Nigeria

 

 

By Ike Abonyi
“It is better to be hated for your virtues than to be loved for your vices.”-Matshona Dhiiwayo.

Peter Obi has boldly and severely declared that while he may not be a saint, he is certainly not a thief. This declaration sets him apart from the average Nigerian politician and reinforces his integrity, backed by a solid record. Critics often overlook his humanity, conveniently forgetting that he operates in a political environment riddled with corruption. Because he is untainted by theft and holds few flaws, those with ulterior motives seek to exaggerate his minor shortcomings and equate them with the glaring crimes of corrupt politicians.

Few instances may suffice, Obi’s political party is in turmoil, a crisis not of his making, yet many expect him to play the same corrupt game by injecting money to compete with those who thrive on bribery. As his party faces legal challenges, critics believe he should not stop at paying his lawyers but should also line the pockets of Judges and those in power. After winning an election, false results are fabricated by INEC to undermine him because he refuses to engage in bribery. They demand that he become a political warlord, paying youth to confront armed security forces that blatantly disregard international standards for handling protests.
The question is, can any notion of doing what is right exist when financial incentive is rooted in the perpetuation of wrong?

When people say Peter Obi would be a great President but question how he can achieve this without playing politics, they are, in essence, telling him to join the band of thieves and marauders that have spoiled this country so that he can be seen as ‘a serious contender’ bribing his way and making empty promises. There is a misguided belief that one must partake in corruption to gain power, akin to claiming you can’t take from a monkey without offering a banana. Yet we also hear the defeatist mantra that if you can’t beat them, join them. This mindset has led Nigeria, one of the richest countries in the world, to become the global poverty headquarters, with 40% of its population living in multidimensional poverty, while a mere 7% hoards over 75% of the nation’s wealth.
Renowned International Development Economist, Basil Odilim aptly characterised Peter Obi’s political approach: “Obi does not trade in the ancient currency of patronage. He does not seek praise or fund voices to create a narrative.” That is the essence of Obi; he does not expect to gain favour with systemic beneficiaries. This explains why those who thrive on the status quo in measuring Obi—such as Reno Omokri, Daniel Bwala, Femi Fani-Kayode, and my brother and colleague, Azubuike Ishiekwene, among others—find no place with him. Not when Olusegun Obasanjo made the public know who Femi Fani-Kayode is, “Femi Fani-Kayode is my boy. Provide him with food, and he will eat and then sing for you. He’s a smart boy.”
Many who initially aligned with Obi have since fallen away in disgruntlement after realising that his vision involves hard work aimed at uplifting the poor, not throwing a lavish feast for the greedy. Obi’s politics is anchored on the philosophy of the 32nd President of the United States Franklin Roosevelt that “the test of our progress is not whether we add more to the abundance of those who have much but whether we provide enough for those who have little”
It’s no surprise, therefore, that after Peter Obi visited Rabiu Kwankwaso in Kano and received a warm welcome from the Kwankwassiyya Movement on March 15, 2026, many who had underestimated him began to panic. In Abuja, Azu Ishiekwene interpreted the euphoria of the visit as Obi’s transition from a serious contender to a mere mascot. In Ilorin, an irrelevant and outdated judiciary figure, one Justice Ayo Salami who was controversially removed from office for some curious issues by President Goodluck Jonathan emerged, attempting to undermine Obi’s rising influence with baseless arguments as they felt compelled to manufacture controversy around him, disregarding the glaring issues faced by others in the political arena. This old figure whose relationship with President Tinubu in and out of office is not hidden failed to grasp that Obi’s nomination as the Labour Party’s presidential candidate in 2022 was legitimate, while conveniently ignoring the real political inconsistencies around his friend that reflect the true chaos of the system including having a Senate President Godswil Akpabio who picked a senatorial ticket he did not contest.
What all these players including some funny weekly vision-seeing men of God are yet to come to terms with is that Peter Obi is not merely a presence in the political landscape; he represents a transformative movement that challenges the status quo and demands genuine accountability in governance. And this is a fact they are refusing to accept or live with.
The concept of a mascot as we commonly know it, prominently featured in the sports community, represents more than just a person, animal, or object; it embodies an identity, promotes branding, and is often viewed as a source of good luck for host countries during monumental events like the World Cup or the Olympics. Originating from the French word “mascottee” in the 19th century, the Oxford Dictionary defines it as something or someone believed to bring good fortune, particularly linked to specific organisations or events. Thus, when someone labels Peter Obi’s trajectory in Nigeria’s political landscape as that of a mascot, they may be misguided in their interpretation of what a mere mascot truly represents.
Peter Obi stands as the embodiment of a new Nigeria. Just as mascots promote brands while infusing a sense of hope during competitions, many Nigerians—especially the youth—view Obi as a beacon of promise capable of delivering on the visions they hold for a transformed Nigeria. The “Obi Mascot” can be illustrated with powerful slogans such as “From Consumption to Production,” symbolising industry and agriculture rather than mere office politics. “We No Dey Give Shishi” encapsulates a grassroots movement fueled by volunteerism instead of traditional godfatherism. As a Bridge Obi vividly connects the wisdom of the elders with the technological vigour of the youth.
Dismissing Peter Obi, whose political brand has stormed through the nation since 2022, as merely a “mascot” is a flawed and divisive perspective. This misrepresentation attempts to reduce him from a serious contender for power to a mere flagbearer for an idea. This certainly cannot accurately capture a man who is indeed redefining and reshaping the political landscape with impactful ideas.
In political history, once a leader is relegated to being a mascot, they risk losing their influence but gain a peculiar form of immortality. This, however, does not apply to Obi whose modesty remains outstanding. When a contender becomes just a mascot, substance gives way to catchy slogans but we all see Obi, as a serious contender, retaining his identity as the “frugal governor,” the data-savvy individual who scrutinises every expenditure.
“The black legs of politics” do not fear a mascot; they have a distinct apprehension towards a formidable contender. A mascot remains on the sidelines, content to cheer while others engage in the gritty game. No informed observer of Nigerian politics since Obi emerged can credibly claim he is a mere sideline player. If he were, the ruling government and entrenched politicians wouldn’t view him as a significant threat, actively seeking to undermine his aspirations at every turn.
The truth is that Obi has adeptly wielded the mascot status as a “Trojan Horse,” facilitating the establishment of a shadow cabinet, a grassroots structure, and a youth bloc. The outcome is a nostalgic icon—not a militant figure, but a persistent political force that commands the national discourse. If Obi has indeed transitioned into a mascot, it inspires a generation to envision a better Nigeria and actively strive for it. The youth rallying under the Obidient Movement understand they are following a leader into battle, not merely carrying an effigy through the streets.
To frame Peter Obi as a “mascot” for a New Nigeria signifies his evolution from a contender for office to an extraordinary political phenomenon: a living leader distilled into a powerful, recognisable brand. By 2026, Obi has transformed from a campaign strategy into a cultural cornerstone. He is no longer just pursuing an office; he has become a living emblem—a mental shorthand for “transparency,” “frugality,” and “data-driven optimism.”
Obi stands resilient, now slightly illuminated by the dawn that is breaking through. He is no longer depicted merely as a politician on a podium, but as the silhouette of a hopeful future. The pressing question for Obi will be why engage in politics without being ready to compromise their values. His answer to such a question is grounded in the wise words of Plato: “One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.”
Finally, let us hope that in our quest to marginalise Peter Obi, Nigeria does not push him into lamenting for his nation the way French leader Charles de Gaulle lamented for France: “I have tried to lift France out of the mud. But she will return to her errors and vomitings. I cannot prevent the French from being French.” God help us all.

Britain to act in national interest over Trump’s NATO exit remarks – Starmer

 

 

News Investigators/ British Prime Minister, Keir Starmer on Wednesday said Britain would act in its national interest and would not change its position on the Iran war.

 

Mr Starmer made the statement in response to U.S. President Donald Trump’s remarks about Washington’s possible withdrawal from the North Atlantic Treaty Organisation (NATO).

 

At a press conference at 10 Downing Street, Starmer said there had been “a good deal of pressure” on him to change his stance on joining the war, but that he would not do so.

 

“Whatever the pressure, whatever the noise, I am the British prime minister and I have to act in our national interests,” he said.

 

The prime minister added that he would not choose between Europe and the United States.

 

“But I do think that when it comes to defence and security, energy emissions and the economy, we need a stronger relationship with Europe,” he said.

 

On Wednesday, Trump said he is strongly considering pulling the United States out of NATO after the alliance failed to join the attacks on Iran, and called the alliance “a paper tiger,” according to The Telegraph reports.

 

Trump also singled out Britain, saying the country has “aircraft carriers that didn’t work,” suggesting that the British navy is inadequate for the task.

 

Xinhua/NAN

INEC withdraws recognition for David Mark-led ADC, leaves Party in comatose

 

 

The Independent National Electoral Commission (INEC) has  withdrawn recognition from the Senator David Mark-led leadership of the African Democratic Congress, ADC, setting the scene for the possible collapse of the only strong opposition to the ruling All Progressives Congress, APC.

 

In a decisive intervention, INEC announced that it has removed the names of former Senate President David Mark and former Osun State governor, Ogbeni Rauf Aregbesola, from its official portal as National Chairman and National Secretary of the party respectively.

 

The Commission also declined to recognise Hon. Nafiu Bala Gombe, who had approached the courts seeking to be affirmed as national chairman, effectively leaving the party without a recognised leadership structure.

 

The decision, according to INEC, follows the judgment of the Court of Appeal in Suit No. CA/ABJ/145/2026 and ongoing proceedings at the Federal High Court. The electoral umpire said it would maintain strict neutrality while awaiting the final determination of the substantive suit.

 

INEC, in a statement by its National Commissioner and Chairman of the Information and Voter Education Committee, Mallam Mohammed Kudu Haruna, said it would no longer engage with any faction of the party, including monitoring conventions or congresses organised by either side.

The Commission anchored its decision on the appellate court’s directive for parties to maintain the status quo ante bellum, warning against any action that could undermine the judicial process.

 

 

The dispute stems from a leadership tussle that began after the resignation of the Ralph Okey Nwosu-led executive in July 2025, which paved the way for the emergence of the Mark-led National Working Committee. However, Gombe, who identified himself as the only surviving National Vice Chairman, challenged the process, insisting he should have automatically assumed leadership.

 

 

With INEC now stepping back from recognising any of the contending factions, analysts say the ADC faces a potentially crippling vacuum that could weaken its capacity to function as a cohesive political force.

 

 

The development is already being interpreted in some quarters as a significant setback for opposition realignments, especially at a time when the ADC had been touted as a possible rallying platform for political actors seeking to challenge the dominance of the ruling All Progressives Congress (APC).

 

For now, the electoral body has effectively frozen all formal dealings with the party pending the outcome of the case before the Federal High Court in Abuja — a situation that leaves the ADC in limbo at a critical moment in Nigeria’s evolving political landscape. GWG

Again, Italy miss out on World Cup as Bosnia, Turkey, Sweden qualify

 

 

Italy failed to qualify for a third consecutive FIFA World Cup after losing on penalties to Bosnia and Herzegovina in a dramatic play-off on Tuesday, while Turkey, Sweden, and the Czech Republic secured qualification for the tournament to be hosted by the United States, Canada, and Mexico.

 

Four-time champions Italy suffered heartbreak after Bosnia triumphed 4-1 in a penalty shoot-out following a 1-1 draw after extra time in Zenica.

 

Moise Kean had given Italy an early lead, but their chances were dented when Alessandro Bastoni was sent off before halftime. Haris Tabakovic later equalised to force penalties, where Bosnia held their nerve to seal qualification.

 

Ranked 66th globally, Bosnia reached the finals for only the second time in their history, having previously appeared in 2014. They will compete in Group B alongside Canada, Qatar, and Switzerland.

Elsewhere, Turkey booked their return to the World Cup for the first time since 2002 after a 1-0 victory over Kosovo, courtesy of Kerem Akturkoglu’s second-half strike. They will face the United States, Paraguay, and Australia in Group D.

 

Sweden also secured qualification after edging Poland 3-2, with Viktor Gyokeres scoring a late winner. They will compete in Group F against the Netherlands, Japan, and Tunisia.

 

Czech Republic completed the list of qualifiers after defeating Denmark on penalties, setting up Group A clashes with South Africa, South Korea, and Mexico. Conclave.

CBN concludes banking sector recapitalisation as operators raise N4.65trn

 

 

The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024.

 

This is disclosed in a statement issued on Wednesday in Abuja, jointly signed by Dr Olubukola Akinwunmi, Director, Banking Supervision and Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications Department of the CBN

In the statement, the apex bank said that, over the 24-month period, Nigerian banks raised a total of N4.65 trillion in new capital, strengthening the resilience of the financial system and enhancing its capacity to support the economy.

 

The bank said that the programme recorded strong participation from both domestic and international investors with 72.55 per cent of capital sourced locally and 27.45 per cent from international markets, reflecting

sustained confidence in the Nigerian banking sector.

The CBN confirmed that 33 banks had met the revised minimum capital requirements established under the programme.

 

“A limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks.

 

 

“All banks remain fully operational, ensuring continued access to banking services for customers,’’ it said.

 

The apex bank said that the programme had strengthened Capital Adequacy Ratios (CAR), with the sector maintaining levels above international Basel benchmarks.

 

It said that minimum CAR thresholds remained at 10 per cent for regional and national banks and 15 per cent for banks with international authorisation.

 

“The recapitalisation implemented alongside an orderly exit from regulatory forbearance has improved asset quality, reinforcing balance sheet transparency and overall financial system stability,’’ CBN stated.

 

 

The apex bank said, to safeguard these gains, it had strengthened its risk-based capital adequacy framework requiring banks to conduct regular stress testing across defined scenarios and maintain appropriate capital buffers.

 

It said that key regulatory measures, including prudential guidelines and the supervisory framework, were subject to periodic review to support ongoing strengthening of governance, risk management, and sector resilience.

 

The bank said that the recapitalisation programme was carried out without disruption to banking services, ensuring continuous access for individuals and businesses throughout the process.

 

 

“The successful completion of the programme establishes a stronger and more resilient banking system, better positioned to support lending, mobilise savings, and withstand domestic and global shocks.

 

“The CBN remains committed to maintaining a stable, transparent, and resilient financial system that inspires confidence among depositors, investors, and the broader public, and to advancing the sustainability of the nation’s financial architecture,’’ it stated.

 

The CBN Governor, Mr Olayemi Cardoso, corroborated the gains, stating that the recapitalisation programme had strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system.

 

 

Cardoso said that it also ensured that the financial system was well-positioned to support economic growth and withstand domestic and external shocks. Conclave.