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NAHCON endorses four Islamic banks for Hajj savings scheme

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By Kayode Sanni-Arewa

The National Hajj Commission of Nigeria has endorsed four banks to support and implement the Hajj Savings Scheme.

An official in the Information and Publications Division of NAHCON, Abdulbasit Abba, announced the development in a statement in Abuja on Tuesday.

Abba stated, “A significant milestone for the Hajj Savings Scheme, three new Islamic banks—Taj Bank, Alternative Bank, and Lotus Bank—have officially joined the initiative to support Nigerian pilgrims.

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“These banks will operate alongside Ja’iz Bank, bringing the total number of participating financial institutions to four

The official signing and acknowledgment of the appointment letters took place at Hajj House in Abuja, where representatives from the three new banks received their official letters from the National Hajj Commission of Nigeria (NAHCON).

“The Commissioner for Policy, Personnel, Management, and Finance, Prince Abdullazak Aliu, presented the letters on behalf of the Chairman/CEO, Prof. Abdullahi Usman.

“This expansion marks a new era for the Hajj Savings Scheme, ensuring a more robust financial structure to facilitate pilgrimage arrangements for Nigerian Muslims.”

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Just in: Bandits reportedly kidnap newly installed monarch, wife, one other in Kwara

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Suspected bandits have reportedly attacked the palace of a traditional ruler in Olayinka community, Ifelodun Local Government Area of Kwara State, abducting the monarch, his wife, and one other person in the early hours of Saturday.

According to sources who spoke to newsmen, the armed men stormed the palace around 1:40 a.m., firing sporadically before taking the royal father to an unknown destination.

Yes. At Olayinka at about 1 am. His wife and one other person were also abducted.

The Monarch is one of the recently graded.”

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Another source added, “The bandits invaded the palace around 1:40 a.m. on Saturday. They came heavily armed and took the monarch away without resistance because everyone was terrified.”

The abducted monarch was said to have been recently elevated and officially installed by the Kwara State Government earlier this year, a development that has made the incident particularly shocking to residents.

The attack is the third reported case of a traditional ruler being kidnapped in Kwara South within a year. In 2025, two monarchs in the region were abducted by suspected bandits and were only released after ransom payments were made.

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Fuel, diesel prices will drop in Nigeria as crude oil slumps

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Domestic prices of petrol and diesel are expected to decline following a sharp drop in global crude oil prices triggered by the reopening of the Strait of Hormuz.

As of Saturday morning, West Texas Intermediate (WTI) and Brent crude fell by 11 percent and 9 percent to $83.85 and $90.38 per barrel, respectively, down from about $100 per barrel.

The decline comes after Iran announced that the Strait of Hormuz has been fully reopened for vessel passage.

The development has begun to reflect in Nigeria’s downstream petroleum market, where depot marketers have slightly reduced fuel prices.

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Petrol prices at depots now range between N1,205 and N1,206 per litre— about N5 to N6 higher than the Dangote Refinery price of N1,200 per litre.
This pricing trend was observed among marketers such as Aiteo, Bono, and NIPCO.

Meanwhile, diesel prices at depots in Lagos, including Menj and Duport, stood at N1,775 per liter.
Market observers say the drop in crude oil prices has triggered panic selling among depot marketers.

Despite this, retail pump prices have remained unchanged as of filing this report, with petrol selling between N1,290 and N1,333 per litre, while diesel ranges from N1,850 to N1,900 per litre.

The President of the Independent Petroleum Marketers Association, Abubakar Maigandi, confirmed the development, noting that further reductions are likely if the downward trend in crude prices persists.

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“We expect fuel prices to drop in the coming days if crude oil prices continue to decline.

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Wife demands divorce from husband for being poor

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An Area Court at Centre-Igboro, Ilorin, Kwara State, has dissolved the Islamic marriage between a couple, Toyin Ajibola and Bashirat Mohammed on grounds of lack of money.

The presiding judge, Hammad Ajumonbi, while delivering ruling said that even though Toyin did not want to divorce his wife, she still had the needed to move on not be left stranded.

He, dissolved their marriage and granted custody of the three children from their union to the wife.

The court also ordered the woman to observe the three months iddah (waiting) period before remarrying.

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Ajumonbi ordered Toyin to be responsible for the feeding of their children.

“The defendant should have unrestricted access to their children, while the plaintiff should always make their children available any time the defendant requested to see them,” the judge said.

Earlier, Bashirat had applied for divorce saying that she was tired of her marriage to her husband due to paucity of fund and her husband’s irresponsibility.

“I want the court to grant me divorce so that I can have rest of mind,” she said.

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The husband, however, told the court that he was still interested in his wife even though he was financially handicapped.

“I have been trying hard to get money to feed my family, but couldn’t.

“It is so painful that I can’t get money to visit her and the children when they left home,” he said.

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