News
Senate Confirms Oyedele’s Appointment As Minister
By Kayode Sanni-Arewa
The Senate has confirmed the appointment of Taiwo Oyedele as a minister-designate under the administration of President Bola Tinubu.
The Senate President, Senator Godswill Akpabio, announced the confirmation after lawmakers cleared the nominee through a voice vote at the Committee of the Whole.
Oyedele is expected to replace Mrs Doris Uzoka-Anite as Minister of State for Finance.
The confirmation of the outgoing chairman of the Presidential Committee on Fiscal Policy and Tax Reforms followed his screening by the lawmakers on Wednesday.
Senators spent over two hours grilling the nominee before eventually confirming him as a minister-designate.
Answering questions from the lawmakers, Oyedele described his nomination as the Minister of State for Finance as a call to serve Nigeria
With over two decades of experience working with national governments, multilateral institutions, and global corporations, my journey across the private sector, academia, and public policy has focused on fiscal governance and economic transformation,” the 50-year-old told senators.
“However, this moment is not about personal accomplishments; it is a call to serve at a critical time when Nigeria faces significant fiscal challenges and remarkable opportunities.”
President Bola Tinubu nominated Oyedele to replace Doris Uzoka-Anite, who was moved to serve as the minister of Budget and National Planning (state).
Days after his nomination, President Tinubu forwarded his name to the Red Chamber, seeking the lawmakers’ confirmation.
At the event, Oyedele praised Tinubu for nominating him as a minister and tagged his appearance before the Senate as an honour.
“I am deeply honoured to appear before this distinguished chamber today. I thank President Bola Ahmed Tinubu, GCFR, for the confidence reposed in me through this nomination, and I thank the Senate for the opportunity to share my vision,” the public policy expert, accountant, and economist told the lawmakers.
Before his appointment, Oyedele served as the tax reforms committee chair, masterminding the enactment of a new tax regime in Nigeria.
While he was appointed to that position in July 2023, it took Oyedele and his team over two years to rejig Nigeria’s tax laws.
Though there were pushbacks initially about the laws, they eventually went live on January 1, signalling a fresh era.
The laws are targeted at significantly transforming tax administration in the country, leading to increased revenue generation, an improved business environment, and a boost in domestic and foreign investments.
News
BREAKING: Finally, Power Minister, Adelabu resigns from Tinubu’s cabinet
Finally, Minister of Power Adebayo Adelabu has resigned from President Bola Tinubu’s cabinet.
In a resignation letter dated April 22, 2026, and addressed to President Bola Tinubu, Adelabu said the decision would take effect from April 30, 2026, to allow for a smooth transition.
The letter, routed through the Office of the Secretary to the Government of the Federation, stated that he was stepping down with “a deep sense of honour and profound gratitude.”
He wrote, “I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities.”
Adelabu thanked the President for the opportunity to serve, describing his appointment as a privilege.
He said, “Your Excellency, I remain sincerely grateful for the privilege and confidence you reposed in me by appointing me to serve our great nation in this capacity.
It has been a rare honour to contribute to national development under your leadership and to play a role in advancing reforms in the power sector—one of the most critical foundations of Nigeria’s industrial growth and economic transformation.”
News
Reps Begin Review of Police Trust Fund Law, Tighten Timeline for Committee Work
By Gloria Ikibah
As part of efforts to strengthen the country’s security architecture, President Bola Tinubu, has sent a formal communication to the House of Representatives on seeking legislative approval for the repeal and re-enactment of the Nigerian Police Trust Fund (NPTF) Establishment Act, 2025.
The request which was transmitted to the House for consideration and passage on Wednesday at plenary, underscores the need to improve the management and administration of the fund, enhance police training, and provide modern equipment for the Nigeria Police Force.
According to the letter,, the proposed amendment is aimed at boosting the operational capacity, accountability, and sustainability of the Police Trust Fund in line with current security challenges.
The President urged lawmakers to give the bill expeditious consideration, as the said the reform will improve the welfare of police personnel and support skill development across the force.
In another development, the House Committee on Rules and Business has moved to tighten legislative discipline, directing all standing and ad hoc committees to submit reports on bills and motions within set timelines in line with House procedures.
Chairman of the committee, Rep. Francis Uwaive, reminded all committee chairmen to treat all assigned matters within 30 days, with the risk of losing such assignments after 60 days if no progress is made, except where a short extension is granted.
A firm deadline has also been set for all outstanding reports, with the end of April 2026 as the cut-off point, and non-compliance attracting automatic discharge.
Amid the formal proceedings, lawmakers briefly paused to celebrate two members marking their birthdays, acknowledging their contributions to public service and national development.
The mood later shifted as the House paid tribute to a former member of the Fifth Assembly, observing a minute’s silence in his honour following his passing after a prolonged illness.
He was remembered for his dedication and service to his constituents in Benue State, with colleagues noting that his death represents a significant loss to the legislature and the country.
News
Iran Seizes Two Ships attempting to cross Strait of Hormuz
Iran’s Revolutionary Guards said on Wednesday that their naval forces stopped two ships attempting to cross the Strait of Hormuz and directed them to the territorial waters of the Islamic Republic.
“The Islamic Revolutionary Guard Corps naval force this morning identified and stopped in the Strait of Hormuz two violating ships,” the Guards said in a statement.
“The two offending ships… were seized by the IRGC’s naval forces and directed to the Iranian coast.”
They identified one ship as “MSC-FRANCESCA”, which they said belonged “to the Zionist regime” in reference to Israel, and the other as “EPAMINONDAS”, which they said was “tampering with navigation systems and jeopardising maritime security.”
The Guards further warned against any action against the regulations imposed by the Islamic republic in the strait “as well as activities contrary to the safe passage” through the waterway.
Tehran has said vessels must seek permission to leave of enter the Gulf through Hormuz, through a route that in peacetime accounts for a fifth of the world’s oil and gas exports along with other vital commodities.
Source: AFP
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