General News
Controversy over Release of Chibok Girls as Army Back-Tracks

The military has retracted its statement that some of the over 219 schoolgirls abducted from Chibok town in April by Boko Haram, Islamist militants had been freed.
Major General Chris Olukolade, Army spokesman, said that there were girls in military custody, but not those from Chibok as originally thought
But Mallam Lawan Bana, chairman of Chibok Local Government Council, said in Abuja that four of the girls may have been left off the hook by Boko Haram on health ground.
The girls have been in the captivity of the Boko Haram sect since April 14.
There were insinuations yesterday indicating that many of the school girls had been rescued and taken to Maimalari barracks in Maiduguri, Borno State, in two buses.
A few months ago, Abubakar Shekau, Boko Haram leader, had offered to swap the girls with the detained sect’s members, an option that was not considered by the Federal Government.
The DHQ also insisted that it would not negotiate with the insurgents to release the girls.
But Maj.- Gen. Olukolade, said that “The story circulating in respect of the release of the Chibok girls is not true please. The buses that drove into the barracks were conveying other individuals,” Olukolade said.
Another version of the report had it that the buses that drove to the Maimalari barracks were those of the abducted girls who had earlier escaped from captivity of the insurgents.
A senior politician from Chibok confirmed to journalists that the girls were the ones that escaped and were being moved outside the state to further their studies.
About 30 girls were later sighted at the Government House, Maiduguri, in two 18-seater buses, BH 750BWL and MGM 33XA, Abuja and Borno plate numbers.
But Bana, chairman of Chibok Local Government Council, said in Abuja yesterday that four girls of the over 200 abducted schoolgirls may have been released by their captors on health grounds.
Lawan told an elated audience attending a one-day stakeholders’ meeting for the validation of draft humanitarian response plan for the abducted girls that more girls are likely to be released before the month-end.
Lawan commended Nigerians for showing concern and support for Chibok people, saying the support had restored the hope and aspiration of the people for the return of peace to the community.
Elsewhere, Mrs Oby Ezekwesili, former minister of Education and leader of #BringBackOurGirls campaign, on her Twitter handle said that “Day 162 of OUR #ChibokGirls: Yes, the rumour of their rescue is strong…We wait with earnest HOPE & expectation for EVIDENCE. What JOY!”
Again by 6.10 pm, she tweeted that Day 162 of OUR # ChibokGirls: “My heart is POUNDING in excited anxiety as WE wait. Lord, please let not our HOPE be dashed. Let this be THE DAY.”
General News
MultiChoice Secures 12 Warner Bros. Discovery Channels in New Multi-Year Deal

MultiChoice, a CANAL+ company, has retained the distribution rights to 12 Warner Bros. Discovery thematic channels following the signing of a new multi-year, multi-territory agreement between CANAL+ Group and Warner Bros. Discovery, marking a significant expansion of their long-standing partnership.

MultiChoice
The new deal, which spans several regions across Africa and Europe, covers the distribution of HBO Max as well as the renewal of selected Warner Bros. Discovery thematic channels. It represents a major milestone in the companies’ international collaboration and strengthens content offerings across MultiChoice Group territories.
MultiChoice disclosed that this agreement builds on earlier partnerships concluded in Europe. “It builds on the landmark agreements concluded in France in 2024,including the renewal of the exclusive pay-TV window for Warner Bros. Pictures films just six months after their theatrical release in France and the integration of HBO Max within select CANAL+ group offers – as well as in Poland in 2025, with the renewal of the distribution agreement for 22 thematic channels (including TVN 24 and Eurosport) and 4 free-to-air channels (including TVN).”
Under the renewed arrangement, MultiChoice Group will continue to distribute 12 Warner Bros. Discovery thematic channels across its territories, with some channels offered on an exclusive basis. CNN International and Cartoon Network will remain exclusive to South Africa while being distributed non-exclusively in other markets. Cartoon Network Porto will be exclusive in Angola and Mozambique and non-exclusive elsewhere. Other channels such as Discovery Channel, TLC, HGTV, Food Network, TNT Africa, Travel, ID and Cartoonito will be offered on a non-exclusive basis.
According to the partners, the deal reinforces CANAL+ Group’s channel portfolio on the continent. “This agreement enables CANAL+ Group to strengthen its entertainment, kids, news, and documentary channel offerings in African markets.”
The agreement is also expected to improve access for CANAL+ Group subscribers to Warner Bros. Discovery’s premium content through HBO Max and selected channels, including globally recognised series and films, further extending the studio’s international reach while consolidating MultiChoice’s content offering in key markets.
General News
Nigeria Police suspends tinted glass permit enforcement over court injunction

Nigeria Police Force has suspended nationwide enforcement of its tinted glass permit policy, hours before its scheduled rollout, in compliance with a Delta State High Court order.

Tinted glass permit
The policy, set for January 2, 2026, aimed to curb vehicle-related crimes but faced legal challenge from a private citizen against the Inspector-General of Police, the force, and Delta Police Commissioner.
An ex parte injunction issued in December 2025 restrained enforcement pending suit determination, prompting the hold announced by spokesperson Benjamin Hundeyin on January 1.
Police entered appearance, filed preliminary objections, and sought injunction vacation; hearing adjourned to January 20, 2026.
The Nigerian Bar Association condemned initial police plans as “executive recklessness,” accusing disregard for rule of law, while police insisted no permanent bar existed on statutory duties.
IGP Kayode Egbetokun reiterated adherence to law while prioritising public safety via intelligence-led strategies during proceedings.
General News
NDIC Reinforces Full Oversight Compliance to Safeguard Depositors

Mr. Thompson Sunday, the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), has reaffirmed the Corporation’s strict compliance with fiscal and financial regulations, including the provisions of the Fiscal Responsibility Act (FRA) 2007, noting that the NDIC has consistently remitted the required percentage of its earnings to the Federal Government.

Mr. Sunday made this known during a courtesy visit to the Managing Director/Chief Executive of the Ministry of Finance Incorporated (MOFI), Dr. Armstrong Takang, as part of NDIC’s ongoing engagement with key stakeholders following his formal assumption of office in July 2025.
According to him, NDIC takes financial accountability and transparency seriously, stressing that the Corporation complies fully with statutory remittance obligations, including the payment of 20 per cent of gross earnings or 80 per cent of net surplus to the Federal Government, as applicable. He added that NDIC also submits its financial statements ahead of statutory deadlines.
The NDIC MD/CE explained that this culture of compliance aligns with the Corporation’s role as a key institution within Nigeria’s financial safety-net, charged with protecting depositors and promoting confidence in the banking system. He emphasized that adherence to fiscal discipline remains central to NDIC’s credibility and effectiveness.
Mr. Sunday further disclosed that NDIC also complies with the Federal Government’s 50 per cent cost-to-income ratio policy, although he noted that the policy poses operational constraints. He explained that the deductions affect NDIC’s ability to build a strong Deposit Insurance Fund, which is needed to respond effectively to bank failures.
He stressed that international best practices under the Core Principles for Effective Deposit Insurance issued by the International Association of Deposit Insurers (IADI) require deposit insurers to maintain adequate funds to reimburse depositors when banks fail without recourse to government, adding that the NDIC is seeking an exemption to strengthen its capacity in this regard.
Mr. Sunday described MOFI as a critical stakeholder, noting that the Federal Government, through MOFI, holds a 40 per cent equity stake in NDIC. He said sustained collaboration with MOFI is essential to ensuring that NDIC continues to meet its obligations to government while effectively safeguarding depositors’ funds.
In his remarks, Dr. Takang commended the NDIC for its exemplary collaborative spirit and acknowledged the Corporation’s compliance with fiscal regulations. He assured that MOFI would continue to engage the Federal Ministry of Finance on NDIC’s behalf, noting that a strong NDIC is vital to sustaining confidence in Nigeria’s financial system.
Both institutions reaffirmed their commitment to continued cooperation, transparency and accountability, with Mr. Sunday reiterating that NDIC remains focused on balancing regulatory compliance with its overriding mandate of depositor protection and financial system stability.
E-Financial2 days agoBanks to Impose N50 Stamp Duty on Transfers of N10,000 and Above from January 1
E-Financial2 days agoFIRS Rebrands as Nigeria Revenue Service, as New Tax Laws Take Effect
E-Financial2 days agoHow Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector
Broadcasting2 days agoHow to Use the Correlation of Gold with Other Trading Assets in the Forex Market
E-Business2 days agoGalaxy Backbone Celebrates the Federal Government’s Paperless Civil Service Milestone
General News1 day agoNigeria Police suspends tinted glass permit enforcement over court injunction
E-Financial8 hours agoFidelity Bank Appoints Onwughalu as New Chairman After Chike-Obi’s Tenure
Broadcasting8 hours agoDStv Offers Instant Package Upgrade for Customers from January to February













