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Omosehin: NAICOM's Recapitalisation That Puts Policyholders First

By Abua Hunde ‎ ‎For years, Nigeria’s insurance industry has occupied an uncomfortable position in the national economy. Its importance has never been in doubt, yet its enormous potential has remained largely untapped because of weak public confidence, low penetration, concerns over claims settlement and the limited financial capacity of some operators. But since his appointment as Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM) in 2024, Olusegun Ayo Omosehin has brought a renewed sense of purpose to the regulation and repositioning of the sector. ‎ ‎Omosehin did not come to NAICOM as a stranger to the insurance business. With more than three decades of experience, he has worked across different segments of the industry and occupied senior leadership positions at Crusader Insurance, Custodian & Allied, Admiral Insurance, AIICO General Insurance, Mutual Benefits Assurance and Old Mutual Nigeria Life Assurance. ‎ ‎He also served as...
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Property Deal Turns Sour as Landowner Terminates JV and Reclaims Victoria Island High-Rise Linked to Dr. Samuel Mawuyon Ajose

What began as a Joint Venture for a high-rise development in Victoria Island has reportedly escalated into a major legal dispute, following the Landowner’s termination of the JV over a fundamental breach by the developer, Levitikal Construction Limited and subsequent move to reclaim possession of the property linked to former Lagos governorship aspirant Dr. Samuel Mawuyon Ajose and Levitikal.  The dispute has reportedly spilled into multiple court proceedings including in Suit No: FHC/LAG/CS/1245/2026 instituted at the Federal High Court, Lagos, arbitration and EFCC investigations. Interestingly, the property had also previously been sealed by the EFCC amid EFCC probe, raising fresh questions about its legal and commercial status.  The latest development leaves prospective buyers and investors with critical questions: Is  it safe to invest in a project riddled with multiple court cases? The legal battle appears far from over. For prospective buyers, the warning is clear: ...

Lagos High Court Reserves Ruling On Tajudeen Akanbi's Bail Application

A Lagos State High Court on Tuesday heard the bail application of Hammed Tajudeen Akanbi and reserved ruling to a date to be communicated to parties.   The application was argued before Justice A.T. Muyideen, who had earlier adjourned proceedings to November 2026 due to the annual court vacation. However, the court brought forward the hearing of the bail application following concerns over the deteriorating health of the defendant.   Counsel to Akanbi, Olalekan Ojo, SAN, urged the court to grant bail on medical grounds, stating that his client’s condition had worsened in custody. He also relied on a Certified True Copy of the police investigation report, which he said exonerates the defendant.   In a related application, Rukayat Afolabi, Esq., representing co-defendants Shafi Fatai and Yusuf Ismaila, asked the court to direct the Kirikiri Correctional Centre clinic to release the medical records of her clients.   The Director of Public Prosecutions opposed the applic...

Ajiran Murder Trial: CHSR Raises Concerns Over Repeated Case File Recalls, Seeks Resumption

The Centre for Human and Socio-Economic Rights (CHSR) has raised concerns over developments surrounding the ongoing murder trial involving Alhaji Ahmed Tajudeen Akanbi and other defendants before the Lagos High Court, calling for greater procedural and administrative transparency in the handling of the case. CHSR made the position known on Sunday, September 27, 2026, at an emergency press conference held at the Liberation Centre, where its President, Comrade Alex Omotehinse, addressed journalists, representatives of civil society organisations, leaders and members of the Ajiran Community and other concerned Nigerians. The organisation said that the defendants were standing trial over the deaths of two members of the Ajiran Community in Eti-Osa Local Government Area of Lagos State—Mr Sheriff Ishola Salami, described as a youth leader who died on April 18, 2023, and Prince Kazeem Ademola Akinloye, son of the Ojomu of Ajiranland, who died on August 26, 2024. Omotehinse said that the purpo...

Minister Of Interior Targets 90% Of The Registered Voters In Ondo East And West Federal Constituencies For APC

  The Minister of Interior, Hon. Olubunmi Tunji-Ojo is targeting 90 percent of the registered voters in Ondo East and West Federal Constituency ahead of the general election in January 2027 for APC.   The Minister who is the Captain of the Positive Crew spoke to representatives of Ward 2, 4,5 6, 12, in Ondo East local government through the first officer of the positive Crew Otunba Bola Fisayo.   In his message, wards 2,4,5,6 12 have about sixty settlements with a high number of electorates. The Minister noted that it is time our people in the remote areas are given a sense of participation and benefits in the government of the day.   The Minister's goodwill message also stated that it is time our rural areas are integrated with urban areas and there  must be an end to discrimination in terms of development across the state.   The Representatives to over sixty villages in Ondo East had been dispatched already with the message of President Tinubu Renewed Hop...

OML 11 Listing: MOSOP, Affiliate Bodies Reject FG’s 5% Equity, Demand Delisting From London Stock Exchange

Following an extraordinary emergency summit comprising the coalition of Ogoni Diaspora Organizations, the National Union of Ogoni Students International (NUOS INTL) USA, Frontier Youth and Women formations, and allied civil rights bodies across Ogoniland (Nigeria) and in the Diaspora, the coalition has issued a definitive declaration to the Nigerian state, multinational corporations and the international community on the listing of OML 11 on the London Stock Exchange by Shell Nigeria for $2.4 billion. The coalition stated that the Ogoni people, the Movement for the Survival of the Ogoni People (MOSOP) and its authentic affiliate bodies are neither represented nor spoken for by the Federal Government's alleged handpicked Ogoni Dialogue Committee (ODC), Ledum Mitee, Chief Lesi Maol and the factional MOSOP leader, Nsuka Fegelo, who they described as a 'rebel.' The statement was jointly signed by Ewards Adookor, Acting President of NUOS INTL USA; Edwards Adookor, leader of The ...

CHSR Seeks Resumption Of Ajiran Murder Trial, Decries Recall Of Case File

The Centre for Human and Socio-Economic Rights (CHSR) has raised concerns over the repeated administrative recall of the case file in the ongoing prosecution of suspects linked to the deaths of two residents of Ajiran Community in Eti-Osa Local Government Area of Lagos State. The organisation, in a petition addressed to the Chief Judge of Lagos State, urged the judiciary to ensure that the substantive proceedings continue before the court handling the matter, while allowing all parties to present their cases in accordance with the law. The case concerns the deaths of Sheriff Ishola Salami, who was reportedly killed in April 2023, and Prince Kazeem Ademola Akinloye, who was reportedly killed in August 2024. Recent reports indicate that Hammed Tajudeen Akanbi is standing trial alongside Shafi Fatai and Yusuf Ismaila over the alleged killings.  A Lagos High Court had previously ordered Akanbi's remand, while subsequent bail applications were dealt with by different courts. In its late...