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Hardship: Benue ex Commissioner, Olofu launches N50m education fund for Idoma students (Photos)

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Former Commissioner for Finance in Benue State, Dr. David Olofu, has launched a N50m Education Support Fund, to carter for the hardship being faced by Idoma students in tertiary institutions across the 9 Local Government Areas of Benue South.

Olofu, who was the Chairman of the Forum of Commissioners for Finance in Nigeria, and current Senior Technical Advisor to the Nigerian Governors’ Forum, said the initiative was to support the President Bola Ahmed Tinubu led administration’s resolve to provide succours to the students.

Olofu was initially nominated by the Idoma Area Traditional Council for a chieftaincy title in Otukpo, but barely 48 hours to the event, he was allegedly delisted, on the order of the Governor Hycient Alia. No official statement from the Governor’s media team yet.

But Olofu, at a press conference in Otukpo, Benue State on Friday, said he had put that behind him, saying, he would rather use the funds raised for the reception of the event, to put smiles on the faces of Idoma students.

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“As you are aware, in the last couple of days, I was scheduled to be conferred with the chieftaincy title by the revered Idoma Area Traditional Council.

“And when I got the notification from his Royal Majesty, the Och’Idoma, I informed all my friends and associates, my political party and also constituted the central planning committee to make sure that we have a successful confirmation ceremony.

“Less than 48 hours to the event, I got notification that, that will no longer be the case. In the meantime, my friends, colleagues and associates had supported me to make sure that this event was held hedge free.

“I have to some extent, utilized the support that was provided, but I did not exhaust what was provided and I felt that, given that, that provision had been made by them, I reached out to them and we came to a conclusion that I should apply the balance of what has been contributed to support my people in any way possible, and in consultation with my constituency and my leaders across party lines.

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“Let me also mention that, this contribution that I have mentioned came in from all over the federation, across party lines. Both people who are in PDP, APC, APGA and Labour, contributed to this event to identify with the honor that was going to be bestowed on me by His Royal Majesty, the Och’idoma.

“You may recall, I served as the chairman of the Forum of Commissioners of Finance of Nigeria, and currently serving as Senior Technical Advisor to Nigerian Governors’ Forum.

“So, the support came across board and from all over the federation. And after consultation with my leaders, we decided that we apply what is left from the support that I have received to support Idoma students in higher institutions, by way of what I refer to as Education Support Fund.

“So today, by the grace of God, we are using what has been contributed by my colleagues, friends and associates, to set up an Education Support Fund, under the umbrella of Apa Legacy Sustainability Initiative.

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“And we have a window of about 50 million, with an initial inflow of about 20 million and a projection of 10 million per year, to reach out to all the students that will qualify for this intervention”, Olofu said.

He recounted how he resorted to serving as a waiter in restaurants during his days at the University of Agriculture, Makurdi, just to meet up with his education funding; adding that, he fought the temptations to quit schooling and saw himself to the graduation.

In naming the Board of Trustees of the Education Support Fund, Olofu said, “We consulted widely and we came to a conclusion that our brother, our leader and our son, who is currently serving as a senior lecturer at the Federal University Wukari; our own brother, Professor David Salifu, a former SSG to serve as the chairman of the Board of Trustees that will administer this fund.

“Let me emphasize that, this fund will devoid of political affiliations and to work with him in that team, we have also recognized that we bring on board the National Association of Idoma Students (NAIS).

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“We also recognized the need to have a representative of the Idoma Area Traditional Council and also a representative of civil society on that team and to provide secretarial services, we have also nominated Honourable Owoicho Oyi, the former chairman of Apa Local Government, to serve in that capacity”.

The Board chairman, Prof. Salifu in his acceptance message, described the project as laudable and enjoined other Idoma sons and daughters to emulate the initiator of the project, Dr. Olofu.

“I accept my appointment to chair the Board of the Education Support Fund initiated by my younger brother, the immediate past Benue Finance Commissioner, Dr. David Olofu. I am totally committed to the goal of the Foundation and I call us to make ourselves available as the blocks to building this initiative to its logical conclusion”.

The President of NAIS, Comrade Vincent Odebugu expressed his gratitude to Dr. Olofu, for his charity towards the Idoma students, despite the situation of things.

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He said, “I stand here today in appreciation and in commendation to Hon. David Olofu, for this charitable act towards the Idoma nation, of a truth, you have experienced what it takes to pass through the four walls of the university, having a track record of facing challenges while on campus. These are the challenges we leaders of the association are facing and we are handicapped by not being able to render solutions.”

In their separate remarks, a Chieftain of the People’s Democratic Party (PDP), Hon. Chris Adaba Abba, and Comrade Joe Ochogwu, National President of NAIS in 1995, lauded the gesture of Dr. Olofu, urging other Idoma leaders to emulate him.

The duo acknowledged that, others would have retired home and be murmuring about the delisting, saying, anything done to support Nigerian students at this critical time, is godly and of great virtue.

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Large quantity of opioids intercepted in Taraba as NDLEA nabs 75-year-old in Ebonyi(Photos)

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. Arrests four notorious female dealers in sweeps across Edo, Imo, Kano, Gombe

Large consignments of various opioids and illicit substances concealed in building materials have been intercepted by operatives of the National Drug Law Enforcement Agency (NDLEA) in a relentless nationwide offensive against drug cartels leading to the arrest of a 75-year-old grandpa in Ebonyi, and four notorious female drug dealers in Edo, Imo, Kano, and Gombe states.

A major blow was dealt to opioid trafficking networks in Taraba state on Saturday 6th June 2026 following credible intelligence which led to the interception of a truck conveying building materials from Onitsha, Anambra state to Jalingo. A thorough search of the vehicle by NDLEA operatives at the Nukkai Timber Shade, Jalingo, led to the discovery of a massive drug stash concealed beneath the cargo, while a 22-year-old suspect, Buhari Abdullahi, was promptly arrested.
Recovered from the truck include: 320,840 capsules of tramadol; 600 ampoules of pentazocine injection; 4,500 pills of rohypnol; and 299 bottles of codeine-based cough syrup.

Demonstrating that age is no barrier to the enforcement of the law, NDLEA operatives in Ebonyi State tracked down and arrested a 75-year-old grandpa, Okebe Samuel, at Okposi. The septuagenarian was found in possession of 300 grams of skunk, which he sells in retail sachets to the youth in his community.

In Imo state, NDLEA officers successfully raided a known drug enclave at Umulolo, Orlu. The raid resulted in the arrest of a notorious female dealer, 32-year-old Chioma Okeke, and the recovery of 8 kilograms of skunk.
Meanwhile, in Edo state, an intense sweep of notorious drug hotspots within Benin City by NDLEA operatives on Tuesday, 2nd June 2026, yielded the arrest of four key traffickers, including three females.

At Uyosa, Benin City, two female suspects, Chioma Igba (24) and Precious Ozomah (22), were nabbed with a cocktail of illicit substances including 176 grams of skunk, 65 grams of Loud, and 5 grams of Methamphetamine. Along Agbor road in Benin City, another female suspect, 21-year-old Anita Abraham, was apprehended with 95 grams of Scottish Loud and 329 grams of regular Loud. At Upper Mission, Benin City, a male suspect, Henry Okey (43), was arrested with a diverse cache of psychotropic substances consisting of Loud, Colorado, Swinol, and Methamphetamine.
A swift operation by operatives in Kano State on Thursday, 4th June 2026, led to the arrest of a 19-year-old suspect, Saifullahi Lawan at the Kafi area of Madobi, with 40 blocks of skunk weighing a total of 38 kilograms.

In a related development, operatives in Gombe State on Monday, 1st June intercepted 28-year-old Ugwu Sabastine Ifebuchi near the Dantiti Plaza in the Tumfure area of Gombe. The suspect was caught with 15,000 capsules of tramadol.
The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands and formations equally continued across the country in the past week.

Some of them include: WADA sensitization lecture delivered to students and staff of Holiness Foundation Primary School, Saki, Oyo state; Dorras High School, Ibeju Lekki, Lagos; Ado Girls Secondary School, Onitsha, Anambra; and Army Day Secondary School, Kano state; among others.
Reacting to the string of successful operations, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) commended the officers, men and women of the Taraba, Ebonyi, Imo, Edo, Kano, and Gombe commands for their resilience and vigilance. He also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts. He re-emphasized that the agency remains fully committed to dismantling drug supply chains and will continue to target traffickers regardless of age, gender, or concealment methods.

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Real reason why we banned night vigils – MFM

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The Mountain of Fire and Miracles Ministries (MFM) has placed an indefinite ban on overnight vigils and ordered all church programmes to end by 8 p.m. daily, citing rising security concerns nationwide.

The new directive was contained in a circular dated June 5, 2026, sent to Regional Overseers and branch pastors. It takes effect immediately.

According to the memo, all services, meetings, and programmes at every level of the church must now close by 8 p.m. “for the foreseeable future.” Overnight vigils and late-night prayer meetings have been suspended indefinitely.

Where such gatherings are considered necessary, leaders are to restructure them into evening prayer sessions that must still wrap up by 8 p.m. at the latest.

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The circular was signed by Temitope A. Olawale, Director of Administration at MFM International Headquarters and Nigeria. He said the decision is a safety measure based on the current state of security in the country.

“The directives are purely precautionary and aimed at safeguarding the lives and well-being of our members in the face of the current security situation in the country,” the statement read.

MFM is known for its marathon prayer sessions and overnight programmes. The new rule marks a major shift for the church as insecurity continues to impact religious gatherings across Nigeria.

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CBN Imposes N100M Penalty On Inadequate Processing Of Forex Documents

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The Central Bank of Nigeria (CBN) has introduced stricter sanctions for banks that process foreign exchange transactions without proper documentation, imposing penalties that could run into hundreds of millions of naira.

Under the revised foreign exchange regulatory framework, authorised dealer banks found to have completed forex transactions with insufficient supporting documents will pay a N100 million fine. They will also incur an additional N10 million penalty for each affected transaction.

The sanctions are contained in the fourth edition of the Foreign Exchange Manual released by the apex bank. The document serves as the operational guide for participants in Nigeria’s foreign exchange market.

According to the CBN, the updated manual is designed to strengthen regulatory compliance, improve transparency and reinforce confidence in the country’s foreign exchange system.

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The regulator classified the offence as the execution of foreign exchange transactions without adequate documentation. It stated that any authorised dealer found culpable would be liable to the prescribed penalties.

The revised guidelines place greater emphasis on documentation requirements for all categories of foreign exchange transactions. These include spot transactions, forward contracts, swap arrangements, imports and export-related dealings.

Banks are now required to obtain, verify and retain all relevant supporting documents before foreign currency can be released to customers. Similar requirements apply to forward and swap transactions, where evidence of the underlying trade or obligation must be available before settlement.

The manual also retains existing documentation requirements for imports. Importers are expected to provide Form M, invoices, certificates of origin, packing lists and shipping documents, among other mandatory records.

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In addition, importers must submit Exchange Control Documents within 90 days after negotiating shipping documents through overseas correspondent banks.

Failure to comply with the documentation requirements attracts progressively stiffer sanctions.

A first violation will result in a 90-day suspension from foreign exchange transactions. A second offence carries a 180-day restriction, while a third attracts a one-year suspension.

The CBN warned that a fourth violation could lead to a complete prohibition from participating in foreign exchange transactions.

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Banks that fail to report cases of default to the regulator will also face sanctions under the new framework.

The apex bank further tightened reporting obligations for authorised dealers. Institutions that fail to submit required daily or monthly returns will be fined N500,000 for late submission.

Where returns are not rendered at all, the offending institution will pay a minimum penalty of N5 million. An additional N500,000 daily fine will apply until the breach is corrected.

The revised manual also strengthens oversight of banks’ foreign currency exposure levels.

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Financial institutions that exceed approved Net Open Position limits will receive a warning for the first offence. A second violation will attract a 10-working-day suspension from the Nigerian Foreign Exchange Market.

A third breach will result in a 90-day suspension from market activities.

The CBN also imposed sanctions on unauthorised reallocation of foreign exchange funds. Any bank found engaging in such practices will pay N10 million for each transaction involved.

Beyond the monetary penalty, affected institutions may be referred to the Bankers’ Committee ethics framework for further disciplinary action.

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The central bank said the new measures form part of ongoing efforts to deepen transparency, promote market discipline and establish a more rules-based foreign exchange regime.

According to the regulator, stronger compliance standards and stricter enforcement will help improve market integrity, reduce abuses and enhance investor confidence in Nigeria’s foreign exchange market.

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