News
Palliative: Sanwo-Olu Wants Assembly To Re-order 2023 Budget

Governor Babajide Sanwo-Olu is seeking the approval of the Lagos State House of Assembly to reorder the sum of N234.669 billion from the 2023 budget of N1.768 trillion.
The governor said the reordering would enable the government focus more on capital expenditure and palliatives to cushion the effects of the current economic challenges faced by residents of the State.
Eromosele Ebhomele
Media Assistant to the Speaker of the Lagos State House of Assembly, in a statement quoted
the Clerk of the House, Barrister Olalekan Onafeko, to have relayed the intention of the Governor to the House, through a letter at plenary on Tuesday.
In the letter, Governor Sanwo-Olu told Speaker Mudashiru Obasa and the lawmakers that the state was increasingly confronted with the need of his administration to meet the yearnings of the people.
The governor noted that the 2023 budget had been partially implemented adding that as at 30 June, 2023, it had 76 percent overall performance.
“We noted that some of the major MDAs that are supposed to implement the capital expenditure are performing below expectation while others have almost exhausted their budgetary provisions,” the governor said in the letter dated 9th October, 2023, while noting that the administration plans to spend in priority areas once the approval is granted.
Governor Sanwo-Olu added that the government was working to ensure greater performance of the capital expenditure.
“Apart from this, we are confronted with the need of this administration to meet its electoral promises to the citizens and have resolved to take advantage of the clement weather condition in the later part of this year to complete various projects,” the letter explained.
He said the reordering had also become expedient to help ameliorate the effect of the removal of fuel subsidy and the harmonisation of the exchange rates which have resulted in economic challenges for the citizens.
He listed some of the projects meant to be implemented with the reordered budget to include the Face 1 Blue Rail Line, provision of programmes and projects for social inclusion, gender equality and youth, completion of Lekki-Epe Road Face 3, provision of security and emergency equipment as well as zero-tolerance for potholes.
Meanwhile, Governor Sanwo-Olu has sent the name of Mrs. Kemi Ogunyemi for confirmation as a member of the State Executive Council.
International News
Neymar Included In Brazil’s 2026 World Cup Squad (FULL LIST)
Brazil superstar Neymar was handed a dramatic recall to the country’s World Cup squad on Monday, returning to the national team after a near three-year absence.
The inclusion of Neymar, Brazil’s all-time leading goalscorer with 79 goals in 128 appearances, was the biggest surprise in the 26-man squad named by coach Carlo Ancelotti.
Ancelotti announced Neymar’s selection at a gala ceremony in Rio de Janeiro, with loud cheers ringing out as the veteran attacker’s call-up was confirmed.
Speculation has raged for months over whether the 34-year-old former Barcelona and Paris Saint-Germain attacker would force his way back into the national team set-up.
The forward, a veteran of the 2014, 2018, and 2022 World Cups, had not played for Brazil since suffering a knee injury during a World Cup qualifying game against Uruguay in 2023.
A mixture of injuries and poor form had left him outside the national team setup, with Ancelotti citing concerns over his fitness after leaving him out of Brazil’s squad for March friendlies against France and Croatia.
However, Neymar, who rejoined boyhood club Santos in January after an injury-ravaged stint in Saudi Arabia, has now earned Ancelotti’s stamp of approval for the World Cup in the United States, Canada and Mexico.
Brazil, who are chasing a record sixth World Cup crown, open their World Cup campaign against Morocco on June 13 before playing Haiti and Scotland in Group C.
Brazil World Cup Squad
Goalkeepers: Alisson (Liverpool/ENG), Ederson (Fenerbahce/TUR), Weverton (Gremio/BRA)
Defenders
Alex Sandro (Flamengo/BRA), Danilo (Flamengo/BRA), Leo Pereira (Flamengo/BRA), Bremer (Juventus/ITA), Douglas Santos (Zenit St Petersburg/RUS), Gabriel Magalhães (Arsenal/ENG), Ibanez (Al-Ahli/KSA), Marquinhos (Paris Saint-Germain/FRA), Wesley (Roma/ITA)
Midfielders
Bruno Guimaraes (Newcastle/ENG), Casemiro (Manchester United/ENG), Danilo (Botafogo), Fabinho (Al-Ittihad/KSA), and Lucas Paqueta (Flamengo/BRA).
Forwards
Endrick (Lyon/FRA), Gabriel Martinelli (Arsenal/ENG), Igor Thiago (Brentford/ENG), Luiz Henrique (Zenit/RUS), Matheus Cunha (Manchester United/ENG), Neymar (Santos/BRA), Raphinha (Barcelona/ESP), Rayan (Bournemouth/ENG), Vinicius Junior (Real Madrid/ESP)
AFP
Business
Wema Bank Announces Closing Date for One-Day MD/CEO Children’s Day Initiative
As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming MD/CEO of Wema Bank for one day.
Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day.
As 12-year-old Chiderije Mbah emerged winner, the Wema Bank One-Day MD/CEO initiative dominated the conversation on May 27, 2025, with children across Nigeria inspired to put in the work towards a successful future and parents commending the Bank’s consistent commitment to empowering children and helping them build the right future. This year, 2026, the Wema Bank One-Day MD/CEO initiative has returned on a larger scale.
For the 2026 Children’s Day celebration, Wema Bank will give another child or teenager [ages 0-16] a chance to step into the shoes of Managing Director/CEO of Wema Bank, for a day. The child will get to oversee board meetings, make tactical decisions, and experience firsthand the demands and responsibilities that come with the office of MD/CEO, especially for an institution like Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT.
To participate, children/teens are expected to record a 60-second video detailing what their ideal role in banking would be and what they hope to achieve. This video is to be posted on any social media platform using #EvolutionOfPossibilities and tagging @wemabank on the post. The post with the highest number of likes emerges winner and the winner gets to become MD/CEO of Wema Bank on Monday, May 25, 2026, in celebration of Children’s Day.
Both parents and teens are encouraged to hurry and make their submissions now as entry closes in less than two days, specifically on Wednesday, May 20, 2026.
More details on the Bank’s social media platforms @wemabank
News
ISIS Nigeria: Many Killed In Fresh Airstrikes Attack
The United States Africa Command (AFRICOM) and Nigerian forces have carried out additional airstrikes against Islamic State in northeastern Nigeria.
The attack followed the killing of of ISIS commander Abu-Bilal al-Minuki, who was eliminated alongside some of his men, on Friday.
In a statement, AFRICOM said No U.S. or Nigerian forces were harmed during the strikes.
Commenting on the operation, the Defence Headquarters said more than 20 ISIS/ISWAP fighters were killed.
According to the Director of Defence Information, Major General Samaila Uba, the operation targeted terrorist hideouts in Metele area of northern Borno, a known flashpoint for insurgent attacks.
In a statement, he said the strikes were based on credible intelligence indicating the movement and convergence of terrorist elements in the area.
The Defence Headquarters explained that the latest offensive is part of sustained counterterrorism operations in the North-East, aimed at dismantling insurgent networks and denying them safe havens.
“The ongoing operations follow the neutralisation of ISIS commander Abu-Bilal al-Minuki and are part of sustained efforts to disrupt terrorist networks, remove them from the battlefield and deny the terrorists any safe haven within Nigeria,” the statement read.
The military further reaffirmed its commitment to defending Nigeria’s territorial integrity, stressing that insurgents will continue to face decisive action.
“The Armed Forces of Nigeria will continue to aggressively defend the sovereignty, security and territorial integrity of the nation. Terrorists who threaten our citizens, communities and national stability will be located and defeated. There will be no safe haven for terrorists anywhere in Nigeria,” it added.
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