Rountrip

The Economic and Financial Crimes Commission (EFCC) has widened its probe into the controversial insurance industry recapitalisation exercise, with invitation letters now being issued to other operators beyond the initial petitioners. A letter dated 3rd September 2026 and addressed to the Managing Director of Linkage Assurance Plc, Mr Daniel Braie, at the company’s Abuja office, 29 Aswan Street, Wuse Zone 3, confirms the expansion. Titled “Investigation activities letter of invitation – Re: capitalisation exercise in the insurance sector,” the correspondence from the EFCC’s Capital Market and Insurance Fraud Section requires Braie to report for an interview on Thursday, 24th September 2026. The development comes amid growing pressure on Olusegun Ayo Omosehin, Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), to step aside.  Industry stakeholders and civil society organisations have intensified calls for his immediate suspension or...

By Thomas Agagu ‎ ‎In the life of any institution, recognition means little when it is detached from results. But when an honour follows measurable achievements, it becomes a useful reminder that hard work is being noticed and that a new direction is beginning to make an impact. ‎ ‎This is the context in which Bashir Bayo Ojulari's emergence as the 2026 Leadership Newspapers CEO of the Year (Public Sector) should be viewed. ‎ ‎The recognition comes at a particularly important moment for the Nigerian National Petroleum Company Limited, as the national oil company records stronger financial performance, attracts fresh investment, advances critical oil and gas projects and pursues reforms aimed at making the organisation more efficient, transparent and commercially competitive. ‎ ‎The figures behind the recognition make the story even more compelling. In the first six months of 2026, NNPCL recorded N19.04 trillion in revenue and N2.28 trillion in profit after tax. Between January and ...

The Coalition for Good Governance in Nigeria (CGGN) has called for the immediate resignation of Olusegun Ayo Omosehin, Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), over what it described as a deepening regulatory and financial crisis that threatens to destroy public confidence in the nation’s insurance industry. In a statement signed by Salisu Mohammed, the group said Omosehin’s continued stay in office while a formal petition against him and NAICOM sits before the Economic and Financial Crimes Commission (EFCC) constitutes a clear and present danger to the sector and an affront to accountability. “The petition before the EFCC is not a minor administrative disagreement. It centres on alleged unlawful demands for a one per cent capital injection fee, forced transfer of entire capital funds into CBN escrow accounts contrary to Section 16(3) of the Nigerian Insurance Industry Reform Act 2025, and the collection of about ₦180 million...

The Centre for Public Accountability and Social Well-being is declared support for the Lagos State House of Assembly position on the allocation of portions of a disputed parcel of land to the Ojaekomo and Ojomu royal families. Speaking at press briefing on the outcome of the House of Assembly intervention on the land dispute, the Secretary of the Centre, Oluwagbamila Oluwasegun, and counsel to the Ojaekomo family, Olu Akinkuowo, Esq. said the Assembly reached the position at a meeting held on September 10, 2026, following petitions and concerns over the ownership and use of the land. The meeting was attended by representatives of the Ojaekomo and Ojomu families, Bashiru Fakorede and his counsel, the Executive Secretary of the Lands Bureau, the Surveyor-General and other government officials. The meeting was presided over by the Chairman of the relevant House Committee, Hon. Noheem Adams, who represents Eti-Osa Constituency and is the Majority Leader of the Assembly. According to the Ce...

‎ ‎By Sunday Johnson ‎ ‎“The true test of a man’s character is what he does when no one is watching.” This observation, widely attributed to American basketball coach, John Wooden, captures something important about leadership; that the character of a leader is often revealed not by the speech he makes, but by the things he chooses to do when applause is absent. ‎ ‎In General Olufemi Olatubosun Oluyede, Nigeria appears to have a military leader whose understanding of service goes beyond rank, uniform and command. Since assuming office as Chief of Defence Staff, he has continued to demonstrate that leadership in the Armed Forces is ultimately about responsibility, sacrifice and the welfare of the men and women entrusted with defending the nation. ‎ ‎Oluyede's journey to the highest professional position in Nigeria's military establishment did not happen overnight. Born in Ikere, Ekiti State, in 1968, he joined the Nigerian Defence Academy in 1987 and was commissioned into the Ni...

Deputy Spokesman of the House of Representatives, Philip Agbese, has accused the National Insurance Commission (NAICOM) of misinterpreting and selectively implementing insurance laws, warning that its actions could weaken the Nigerian Agricultural Insurance Corporation (NAIC), cost jobs and discourage investment in agriculture. Agbese, who is also a member of the House Committee on Insurance and Actuarial Matters, said the matter went beyond a disagreement between a regulator and an institution, arguing that NAIC plays an important role in protecting agricultural investments and providing confidence to farmers, businesses and investors. Speaking with journalists in Abuja on Thursday, the Labour Party lawmaker said the regulatory process surrounding NAIC required urgent scrutiny, particularly amid concerns over NAICOM’s implementation of the insurance sector recapitalisation programme. “The issue before us is bigger than a regulatory disagreement. NAIC is a strategic institution with a ...