Author: Akintayo Adams

First Bank of Nigeria (FBN) has laid off about 100 senior staff members as part of a major organizational shakeup. According to sources familiar with the matter, the bank’s top executives were asked to leave as part of its corporate restructuring and repositioning plan for 2025. This follows the confirmation of Olusegun Alebiosu as FBN’s managing director (MD) and chief executive officer (CEO) in June. The departures appear to be part of an effort by the board, led by chairman Femi Otedola, to bring new leadership into several key positions in the bank. However, some exits were voluntary, with senior…

Segun Olowookere, who was arrested at the age of 17 in 2010 for allegedly stealing a fowl and subsequently sentenced to death, has been released from prison after spending 14 years in detention. His release was made possible by clemency granted by the Governor of Osun State, Ademola Adeleke, after his case garnered widespread attention. Actress Abiola Adebayo shared the news in a video posted on Instagram on Monday. In the video, Adebayo is seen with Segun and his parents as they celebrate his release from Kiri Kiri Correctional Centre in Lagos State. “This is Segun Olowookere. We’re just leaving…

Governor Sim Fubara of Rivers State has presented the 2025 budget proposal to a faction of the state House of Assembly. The ₦1.1 trillion budget was presented to the Victor Oko-Jumbo-led House of Assembly on Monday. The four-member Assembly faction, led by Oko-Jumbo, had earlier read Fubara’s letter requesting permission to present the appropriation bill during plenary on Monday. This marks Fubara’s second budget presentation since assuming office. In 2023, Fubara presented the 2024 state appropriation bill of N800 billion to a four-man House of Assembly faction led by Speaker Edison Ehie. The presentation took place amid the sudden demolition…

Nigerian music sensation Burna Boy has urged Nigerians to stop comparing him with the late Afrobeat founder and activist, Fela Anikulapo-Kuti. This comes after Burna Boy faced criticism for detaining his colleague, Speed Darlington, for allegedly defaming him. In a statement on social media, Burna Boy emphasized that he is not Fela and that the constant comparisons need to end. He stated, “I’m not Fela, I’m BIG7. I’m all about positivity, peace, and prosperity but honestly, I’d rather kill you than die for you.” This remark has sparked mixed reactions among fans, with some supporting his stance and others criticizing…

Enyimba International of Aba have officially unveiled former Super Eagles forward, Brown Ideye. “We are delighted to officially announce the addition of former Super Eagles Striker, Brown Ideye to our fold,” the two-time CAF Champions League winner announced on their official website on Monday. “We are expectant of the experience and professionalism he will add to our game and quest in our remaining games this season, especially under the New Gaffer.” The experienced forward has been training with the nine-time Nigeria Premier Football League, NPFL, champions for the past few weeks. This marks a return to the NPFL for a…

Funke Akindele, the iconic Nigerian actress, director, and producer, has once again proven her unmatched prowess in the Nollywood industry. Her latest movie, “Everybody Loves Jenifa,” has achieved an impressive ₦1,034,091,220 in just 19 days, making it one of the fastest films to reach the ₦1 billion milestone in Nigerian box office history. This achievement marks Funke Akindele’s second ₦1 billion grossing movie within just 12 months. This success has solidified her position as the highest-grossing producer and director in Nollywood history. In addition to this remarkable achievement, Funke Akindele holds the record for the top four highest-grossing Nollywood movies…

The 125,000 barrels per day Warri Refining and Petrochemicals Company (WRPC) has commenced operations. This announcement was made by Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), during a tour of the facility on Monday. This development comes just a month after the rehabilitation of the Port Harcourt refinery in Rivers State. Addressing the team during the tour, Kyari stated, “This plant is running. Although it is not 100 per cent complete, we are still in the process. Many people think these things are not real. They think real things are not possible…

Former Nigerian President Olusegun Obasanjo has paid tribute to the late Jimmy Carter, describing him as a man of humility who made significant contributions to Africa during his time in office. Carter, who passed away, on Sunday, at the age of 100, served as President of the United States from 1977 the to 1981. Obasanjo recalled Carter’s leadership and its lasting impact, particularly in supporting the fight against colonialism and apartheid in Southern Africa. Obasanjo highlighted Carter’s diplomacy and patience, noting that despite the challenges he faced, such as the American embassy occupation in Iran, Carter’s achievements, including the peace…

A Jeju Air flight from Seoul on Monday was forced to return after encountering a landing gear problem, just a day after South Korea’s most deadly plane crash. The Boeing 737-800 involved in this incident was the same model as the Jeju Air plane that crashed on Sunday, killing 179 people after landing without its landing gear engaged. Song Kyung-hoon, the head of the management support office at Jeju Air, explained that Flight 7C101, which departed from Seoul’s Gimpo International Airport for Jeju Island at around 6:37 am, returned to Gimpo at 7:25 am after a landing gear issue was…

AC Milan have sacked their manager Paulo Fonseca following a 1-1 draw with AS Roma on Sunday. The decision was announced on Monday, just six months after Fonseca took charge of the team. The club is currently eighth in the Serie A standings with 27 points from 17 games. Fonseca’s tenure saw mixed results, including a notable victory against Real Madrid in the Champions League, but his inability to secure consistent league performance led to his dismissal. The club has already lined up his compatriot, former Porto manager Sergio Conceicao, as his likely replacement. Fonseca himself confirmed the news as…