News
Court Bars Reps From Summoning 17 Insurance CEOs Over Alleged Debt
The Federal High Court in Abuja has issued an order restraining the Speaker of the House of Representatives, the House Committee on Capital Market and Institutions, and two of its members from summoning the Chief Executives and Managing Directors of 17 insurance companies to appear before a scheduled hearing on alleged indebtedness.
Justice Emeka Nwite granted the interlocutory order, on Monday, Aug 18th following an application filed by the insurers who are members of the Nigerian Insurers Association (NIA).
The application brought by their counsel, Prof. Taiwo Osipitan, sought to stop the House committee from enforcing various letters directing the Chief Executive Officers and Managing Directors of the companies to appear before the lawmakers on July 21, 2025 or any subsequent date pending the determination of the substantive suit.
The suit arose after reports that the House of Representatives commenced an investigation into 25 insurers over alleged non-remittance of multibillion-naira revenue allegedly owed to the Federal Government.
Through their Counsel, the insurers, however, argued that their activities are already regulated by statutory agencies of the Executive arm of government, namely the National Insurance Commission, Corporate Affairs Commission, and Federal Inland Revenue Service—and that the National Assembly lacks constitutional powers to scrutinize their operational documents or alleged indebtedness to the Federal Government.
They contended that the July 3rd summons requiring them to submit operational records was aimed at recovering N98.4 billion, allegedly owed to the Federal Government, which falls outside the legislature’s oversight mandate and amounts to an unlawful usurpation of executive powers.
The plaintiffs in the suit are Regency Alliance Plc, Coronation Insurance Plc, Linkage Assurance Plc, Guinea Insurance Plc, Veritas Kapital Assurance Plc, LASACO Plc, Universal Insurance Plc, Sovereign Trust Insurance Plc, Alico Insurance Plc, AXA Mansard Insurance Plc, Cornerstone Insurance Plc, NEM Insurance Plc, Mutual Benefits Assurance Plc, International Energy Insurance Plc, Consolidated Hallmark Insurance Plc, SUNU Assurances Nigeria Plc, and Staco Insurance Plc.
The defendants are the Speaker of the House of Representatives, the Committee on Capital Market and Institutions, a member of the Committee, Hon. Kwamoti Laori, as well as the the Chairman of the Committee, Hon. Bob Solomon.
In his ruling, Justice Nwite observed that none of the defendants filed any process or appeared for defence to the application.
The judge noted that once a party has been given the opportunity to be heard but fails to respond, such a party cannot claim to have been denied fair hearing.
In granting the interlocutory injunction, Justice Nwite restrained the defendants, their agents, or representatives from taking any steps or compelling the Chief Executive Officers and Managing Directors to attend the committee’s meeting/hearing slated for July 21 or for any subsequent date, pending the determination of the substantive suit.
The court subsequently adjourned to September 9, 2025, for hearing of the substantive suit.
International News
US Wants Justice In The killing Of Pastor Dachomo’s 9 Family Members
The United States has condemned the killing of members of the family of Plateau-based cleric, Rev. Ezekiel Dachomo, describing the attack as horrific and urging Nigerian authorities to ensure those responsible are brought to justice.
In a statement shared on X on Thursday, the US Department of State’s Bureau of African Affairs expressed condolences to the victims’ families and called for stronger measures to prevent further attacks on vulnerable communities across Nigeria’s Middle Belt.
“The United States strongly condemns the horrific killing of members of Rev. Ezekiel Dachomo’s family in Plateau State, Nigeria. The continued violence targeting Christian communities and other vulnerable populations in Nigeria’s Middle Belt is deeply alarming,” the bureau said
The US said it had already engaged Nigerian officials on the worsening security situation, stressing that urgent action was needed to curb recurring attacks and hold perpetrators accountable.
“As I discussed last week with Nigerian officials, we must do more to prevent violent acts. The perpetrators must be held accountable, and urgent action is needed to strengthen security and protect Christians and other vulnerable communities,” the statement added.
The bureau reaffirmed Washington’s commitment to working with the Nigerian government to combat terrorism and violent extremism, stressing that Christians and other Nigerians should be able to practise their faith without fear of violence.
The statement followed the July 12 attack on Kum community in Riyom Local Government Area of Plateau State, where nine members of Rev. Dachomo’s extended family, including a two-month-old baby, were killed.
According to the cleric, the attackers, believed to be armed Fulani militias, asked for him by name before opening fire on his relatives.
Dachomo, who serves as Regional Chairman of the Church of Christ in Nations (COCIN) in Barkin Ladi Local Government Area, said his family had repeatedly been targeted because of his outspoken criticism of the violence in Plateau State.
He recalled that his grandmother and an uncle were also killed in previous attacks, adding that days after burying his relatives, he received a written death threat from the same group, warning that he would be their next target.
News
Graduation Ceremony Ban: Govt Threatens To Shut Erring Schools, Exempts SS3 Students
The Anambra State Government has clarified that its indefinite ban on graduation ceremonies applies to all kindergarten, primary and secondary schools across the state, except for students completing Senior Secondary School (SS3).
The clarification was contained in a press statement issued on Friday by the Commissioner for Information and Value Reformation, Law Mefor, following what the government described as public enquiries and concerns over the directive.
According to the government, Governor Chukwuma Soludo ordered the suspension of graduation ceremonies to reduce the financial burden imposed on parents by schools.
“The essence is to reduce the financial burden on parents,” the commissioner said.
The government explained that the ban covers all forms of graduation-related events, including “passing out,” “cross over,” and any similar ceremonies organised by schools.
Mefor further stated that the directive applies to both public and private schools operating in Anambra State.
However, he noted that students graduating from Senior Secondary School (SS3) are exempted from the ban.
The commissioner stressed that graduation ceremonies for SS3 students remain optional and, where organised, must not involve any levies or financial demands on students or their parents.
“Graduation ceremonies for students exiting Senior Secondary School are optional and, where carried out, must be conducted without any form of levy or financial demand on students and parents,” he said.
The state government also warned that school proprietors and administrators who violate the directive would face severe consequences.
“Any school management found in violation of this directive will face serious sanctions, which may include the closure of such school,” Mefor stated.
The clarification followed widespread reactions after the state government announced the suspension of graduation ceremonies, with many parents and school owners seeking details on the categories of schools affected and whether any exceptions would be allowed.
Governor Chukwuma Soludo, in October 2025, banned graduation ceremonies and Christmas parties in schools across the state as part of efforts to reduce the financial burden on parents and guardians.
The governor said the policy was designed to make education more affordable and equitable for families while discouraging unnecessary expenses associated with school activities.
Expressing concern over what he described as avoidable financial pressure on parents, Soludo had also directed schools to discontinue the use of textbooks designed for pupils to write in.
“This is to owners and administrators of government, private, and mission schools in Anambra: we have set out some basic standards to ensure that the poor are not made to spend so much just because their children are in school.
“One of the measures includes discontinuing the use of textbooks designed for students to write in. This practice forces parents to buy new textbooks annually.
“Once a child finishes a class, he should be able to pass on his textbooks to his younger siblings,” the governor had said.
News
Massive Gridlock As Multiple Accident Leave One Dead On Kara Bridge
At least, one person has been confirmed dead leaving others with different categories of injury, following an early-morning multiple-car crash along the Kara Bridge, inward Mowe/Ibafo on the Lagos-Ibadan Expressway, which left hundreds of motorists stranded and grounded economic activities.
In a detailed report of the incident, the FRSC, Lagos Sector Command, said the first crash occurred at about 12:05 a.m. on the outbound carriageway towards Ibadan, involving five articulated trucks and one Toyota Sienna vehicle.
The FRSC report also said rescue and recovery operations were ongoing when another crash occurred at the inbound carriageway towards Lagos involving a commercial bus.
It added that Lagos State Traffic Management Agency LASTMA officials, FRSC officials, officials of the Lagos State Emergency Management Agency LASEMA, and police operatives were on the ground to manage the situation. Tow trucks were also present as officials continued recovery operations.
-
Health & Wellness11 months agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
News12 months agoPICTURE: In Lagos Couple Sentenced to 22½ Years for Cannabis Trafficking
-
Trending News11 months agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
-
Business4 months agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
International News4 months agoIndian Police Arrest Nigerian Over ₦290m Drug Haul
-
Business2 years agoHeritage Bank Customers’ Path to Securing ₦5m Insured Funds: A Step-By-Step Guide by NDIC”
-
Business4 months agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Business2 years ago
Dangote; We Did Not Fix ₦600/Litre Petrol Price
