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Naira Depreciates, Closes Week At N1,602.18 Per Dollar

 

The Naira ended the trading week on a downward note, slipping by 0.34% against the US dollar at the official market on Friday.

According to figures published by the Central Bank of Nigeria (CBN), the local currency traded at N1,602.18 per dollar, representing a depreciation of N5.49 compared to the exchange rate of N1,596.69 recorded on Wednesday, April 30, ahead of the Workers’ Day public holiday.

The Naira had shown relative stability earlier in the week, exchanging at N1,599.95 on Monday, N1,599.71 on Tuesday, and N1,596.69 on Wednesday.

Despite the recent dip, the weekly trend indicates only a modest shift, with the currency also recording a marginal loss of 0.02% at the start of the trading week.

The fluctuation comes amid continued efforts by the CBN to stabilize the foreign exchange market.

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Court Jails Herdsman 10 Years For Destroying N50m Farm

 

An Ondo State Magistrates’ Court sitting in Akure has sentenced a herdsman, Dan-Bello, to 10 years in prison for violating the state’s anti-open grazing law and causing damage to farmland valued at N50 million.

Dan-Bello faced a five-count charge, including conspiracy, unlawful grazing, malicious damage, breach of peace, and illegal entry.

Prosecuting counsel P.O. Nwafor told the court that on October 27, 2023, the convict led cattle onto farmland owned by the National Palm Produce Association of Nigeria (NPPAN), situated along the Ago Panu–Ute Road in Owo Local Government Area.

According to Nwafor, the grazing was unauthorized and took place on land not designated for such purposes, violating the Ondo State Livestock Rearing and Grazing Regulation Law, 2021.

She added that the cattle “destroyed young palm trees and watermelons cultivated across two hectares.”

Nwafor further revealed that the situation escalated when one of the fleeing herders returned the next day with six others and allegedly set the farm ablaze, also destroying a motorcycle in the process.

In his ruling, Magistrate Damilola Sekoni said the prosecution had presented “credible and sufficient” evidence.

He sentenced Dan-Bello to four years without the option of a fine on the first count, two years with a N50,000 fine option on the second count, and one year each on the third and fourth counts.

For the fifth count, the herdsman received an additional two years without an option of fine.

Sekoni ruled that the sentences would run concurrently but added that Dan-Bello could be discharged upon payment of N2 million in compensation to the complainant.

He emphasized that adherence to the anti-open grazing law is critical, stating that the legislation was designed to “prevent clashes between farmers and herders in the state.”

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Now That Okey Bakassi Is A Traditional Ruler

 

Renowned Nigerian comedian, Okechukwu Anthony Onyegbule, popularly known as Okey Bakassi, has taken on a new and unexpected role as the traditional ruler of his hometown, Umuihuocha Obohia Autonomous Community in Ahiazu Mbaise, Imo State.

With his coronation, he now bears the title His Royal Highness, Eze Okechukwu Onyegbule, OKWE II.

The news, which has been making waves on social media, has left many Nigerians both amused and intrigued.

After all, it’s not every day that a figure known for comedy steps into the weighty shoes of traditional leadership.

“His greatness is unstoppable,” remarked social media user Teddy Nelson.

Okey Bakassi’s career spans over two decades in entertainment.

He once served as the Senior Special Assistant on Entertainment to former Imo State Governor, Ikedi Ohakim.

Now, he’s charting yet another course, this time in the custodianship of his people’s cultural heritage.

His community’s reverence for the “Okwe” title makes the honor particularly significant. Bakassi becomes only the second individual in the town’s history to bear the title.

Nigerians, however, are curious about how the witty performer will transition to royal duties.

Facebook user Markson Na’ambo mused, “The people go laugh tire. I pray and hope they take him seriously.”

Another netizen, Eruore Dickson, compared the unfolding story to a scene straight out of a Nollywood movie.

Those who remember Bakassi’s golden days in Nigerian comedy, especially his on-stage camaraderie with Julius Agwu, know how masterfully he could light up a room with humor.

A journalist even recalled interviewing the duo in the early 2000s, where laughter overwhelmed the entire session.

“For each question, they played around with jokes before giving an answer,” the journalist wrote.

Now wearing a crown instead of a mic, many wonder: will the monarch still make people laugh? Will royal meetings double as comedy shows? While time will tell, one thing is certain Okey Bakassi may have become Eze Onyegbule, but the humor that made him a household name will likely remain part of his identity.

As the saying goes, the rain may fall, but it cannot wash away the spots of a leopard. So perhaps, the comedian king will rule with both wisdom and laughter.

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APC Accuses Osun Labour Leaders Of Taking N172m To Endorse Governor Adeleke

Governor Adeleke,

The Osun State chapter of the All Progressives Congress (APC) has accused the Nigeria Labour Congress (NLC) of receiving a N172 million inducement to publicly endorse Governor Ademola Adeleke for a second term during the 2025 Workers’ Day celebration.

In a statement released on Thursday by the party’s Director of Media and Information, Kola Olabisi, the APC alleged that labour union leaders in the state were financially motivated to adopt Governor Adeleke’s candidacy for re-election.

“We gathered that the organized labour organisations in the state have been induced to adopt the Governor Adeleke for the second term during the May Day anniversary slated for the Fakunle Comprehensive High School, Osogbo, Osun State,” the statement read.

Olabisi further claimed the funds had already been disbursed among various labour factions.

“To this effect, it has been scooped that the state government has made available the sum of N172 million for the leadership of NLC.”

“With the sharing formula of N97 million for the factionalized NULGE while both the NLC and the TUC are smiling to the bank with a sum of N75 million each meaning that the Governor Adeleke-led government coughed out N172 million as an inducement for the labour unions to adopt him for second term on May Day,” he stated.

The APC also criticized the state’s preparations for the Workers’ Day celebration, describing them as a facade to boost the governor’s popularity.

“Information has it that the purpose of the cash inducement by the state government for the labour unions is to encourage the leaders of the unions to adopt the candidature of Governor Adeleke for second term during the May Day celebration.

“In order to make the forceful second term adoption exercise rosy, the state government has bought Ankara uniforms for all the government workers in the state with a directive to them to flood the venue of the event on the May Day in order to give a false popularity and acceptability to the embattled Governor Adeleke whose popularity is waning on daily basis for acts of mis-governance.”

In response, the Chairman of the Trade Union Congress (TUC), Bimbo Fasasi, dismissed the allegations as unfounded and unworthy of attention.

“Laughable! That’s all I can say. It is a cheap blackmail, baseless and unworthy of occupying public space for discussion,” Fasasi stated in a brief text message.

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2025 World Press Freedom Day: The Intersection Of AI And Journalism Ethics

 

As the global media terrain evolves, Artificial Intelligence (AI) is emerging as a central force in reshaping journalism.

From automating tasks like content generation to powering complex data analysis, AI is rapidly transforming how stories are told, distributed, and consumed.

The implications for press freedom and ethics are significant, so much so that this year’s World Press Freedom Day is themed: Reporting in the Brave New World: the Impact of Artificial Intelligence on Press Freedom and the Media.”

The shift is no longer speculative. Newsrooms are actively incorporating AI into their operations.

Some fear it could displace journalists, while others believe it enhances newsroom productivity by taking over repetitive work and enabling more personalized news experiences.

A bold example of AI integration comes from Nigeria’s TVC News, which recently introduced AI news anchors in five local languages.

“TVC News, a satellite digital television platform in Nigeria has made history as the first broadcaster in Nigeria to introduce Artificial Intelligence news anchors,” the company announced.

“The AI anchors will deliver news in English, Yoruba, Hausa, Igbo, and Pidgin, reaching audiences across the country in the languages they understand.”

Edward Akintara, Corporate Communications Manager, stated this move is part of the station’s broader technological advancement.

Meanwhile, CEO Victoria Ajayi reassured the public “AI news anchors would not replace human broadcasters… they would be used to showcase the dexterity and expertise of the company’s human talent.”

Yet, alongside such innovations come deep concerns. AI’s role in shaping narratives has raised alarms over bias, misinformation, surveillance, and erosion of journalistic values.

The United Nations notes that AI holds both promise and peril for media freedom.

“While the principles of free, independent, and pluralistic media remain crucial, AI’s impact on information gathering, processing, and dissemination is profound, presenting both innovative opportunities and serious challenges,” a UN note read.

“AI can help support freedom of expression by making information easier to access… At the same time, AI brings new risks. It can be used to spread false or misleading information, increase online hate speech and support new types of censorship.”

AI’s dual role was explored in a webinar hosted by the Media Foundation for West Africa (MFWA), held on April 30, 2025.

Titled “AI, Press Freedom and the Future of Journalism,” the session gathered journalists, technologists, academics, and civil society experts.

Topics included the ethical dilemmas, editorial implications, and sustainability challenges posed by AI in the news industry.

Ajibola Amzat, Africa Editor at the Centre for Collaborative Investigative Journalism, emphasized how AI is altering traditional editorial roles:

“Not again! AI such as ChatGPT, Deepseek, Co-Pilot now play the same role as human editors… AI has also made the production of journalism faster and with less error.”

However, he added:
“AI has been found to reproduce ideologies in news that reinforces social inequality, racism, sexism and colonialism… The data largely used to power AI technology are mostly collected from the Global North which predisposes audience from the Global South to consuming western ideologies at a faster rate.”

Amzat also underscored the need for media investment in verification tools:
“Newsrooms should train and retrain reporters more frequently to develop verifying skill, invest in fact-checking tools and regularly track influence operations online and social media.”
He called on governments to contribute by being transparent:

“Government should start by being more transparent and accountable to the citizens… Government should promptly provide accurate information and be responsive to media enquiry as a way of fighting misinformation and disinformation.”

In Nigeria, events marking the day include a symposium by SERAP and the Nigerian Guild of Editors, addressing how the Cybercrime Act is being allegedly used to suppress dissent and restrict media freedom.

This aligns with growing concerns over state and corporate control of information using AI.

Ayode Longe, Deputy Executive Director of Media Rights Agenda, also weighed in on AI’s rapid adoption:
“AI can do a lot of things today, including research, curating information, analysing data, writing and editing stories… The Il Foglio Newspaper… built its own AI chatbot with which it wrote whole editions of its newspaper, this is phenomenal.”

Yet, he warned about AI’s limitations:
“We have been told that AI sometimes hallucinates… some are made up… There is also the consideration of compensation for those whose works are being used… AI can be used to produce deep fakes that are difficult to spot as AI-generated.”

He emphasized the need for regular training on fact-checking to combat disinformation:
“All journalists should be trained and retrained on fact-checking… The journalist also needs to be widely read and discerning.”

On regulation, Longe argued for a collective approach:
“AI regulation is not something that should be left to government alone but must be stakeholders driven… The government, the media, the technology companies, the academia, the legal profession and even the consumers all have to come together to formulate policies.”

Despite the threats, Longe acknowledged AI’s potential to help sustain the media industry:
“AI can be used to generate news, do fact-checking, proofread and even edit making the working of journalism faster and better… It can also be used to target and reach more audiences faster… which inadvertently means more advertising revenue for the media.”

As the industry adapts to this digital shift, the consensus remains clear: AI must complement, not compromise journalism’s core mission, truth, accountability and freedom of expression.

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Police Rescue 20 Victims Trapped In Ponzi Scheme, Arrest Key Suspect

 

Police operatives in Ondo State have rescued 20 individuals who were reportedly held against their will by a syndicate behind a fraudulent Ponzi scheme known as ‘Quest International Company.’

The Commissioner of Police in the state, Wilfred Afolabi, disclosed the development at the command’s headquarters in Akure, noting that the victims had been deceived into joining the scheme under the pretense of employment opportunities.

The breakthrough came weeks after the collapse of another investment platform, Crypto Bridge Exchange (CBEX), and involved a sting operation at the syndicate’s base in Oba-Ile, Akure North Local Government Area.

Those rescued include Rafiu Kehinde, Adebayo Nafisat, Mohammed Aishat, Jesujuwon Osuntoki, Mustapha Gbolahan, Ibukun Samuel, Gbolahan Wasiu, Aminu Ifasina, Mohammed Sheifff, and Adebayo Rohemat. Others named are Saheed Ibrahim, Ibrahim Adebayo, Adebayo Sukurat, Olawoyi Wasilat, Sholagberu Shakirat, Adeyemi Skukurat, Basari Saadiqq, and Raji Taofeek.

One of the suspects, 26-year-old Sadiq Zakariya, was apprehended after parents from Osun and Oyo States lodged complaints about their children’s sudden disappearance.

The victims had been missing since November 2024 after being invited to Akure for a supposed job offer by acquaintances.

Afolabi explained that following these reports, the command’s surveillance unit initiated an investigation on April 24, leading to the eventual discovery of the victims.

“During the operation, one Sakariya Sadiq was discovered to be the prime suspect involved in the alleged criminal activities,” the commissioner stated.

“Victims are allegedly lured into joining a Ponzi scheme called ‘Quest International Company’ under false promises of profit.”

He added that participants were compelled to pay ₦1.5 million each and required to bring in two more recruits as a condition for full membership.

Once involved, they were cut off from their families.

The suspect reportedly claimed that the payments covered items such as “chi-pendants,” “bio-discs,” and accommodation.

Afolabi affirmed that Zakariya would face charges once the investigation concludes. Meanwhile, arrangements are underway to reunite the rescued victims with their families.

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Despite Walkout On Sole Administrator’s Wife, Rivers Govt Insists Empowerment Programme Was Successful

 

Despite a walkout by a section of women during an empowerment programme in Rivers State, the state government has affirmed that the event proceeded as planned, with 500 beneficiaries receiving critical livelihood tools.

According to a statement from Hector Igbikiowubo, Senior Special Adviser on Media to the Rivers State Government, the programme took place at the EUI Event Centre in Port Harcourt and featured the distribution of deep freezers, gas cookers with ovens, grinding machines, and generators to support underprivileged women.

The wife of the President, Senator Oluremi Tinubu, was represented at the event by the wife of the Rivers State Administrator, Dr. Theresa Ibas.

In her address, Dr. Ibas explained that the programme is part of a nationwide effort aimed at economically empowering 18,500 women across Nigeria’s six geopolitical zones.

“These tools are designed to help our women establish and grow successful businesses, contributing to the nation’s prosperity,” Senator Tinubu stated in a message delivered by Dr. Ibas.

“This program reflects the Renewed Hope Agenda of President Bola Ahmed Tinubu, which prioritizes inclusivity, economic growth, and sustainable development particularly for women.”

Earlier, an uproar ensued when the women expecting the presence of the First Lady discovered she was absent.

Disappointed by the substitution with the wife of the Sole Administrator, Lady Ete-Ibas, some attendees walked out of the venue in protest.

Nonetheless, the state government clarified that the core objectives of the initiative were achieved.

The programme was implemented under the Renewed Hope Initiative (RHI) in collaboration with the Office of the Senior Special Assistant to the President on Sustainable Development Goals (SDGs).

Senator Tinubu noted that the initiative had already been successfully executed in the North Central zone, and the Rivers event marked the conclusion of the South-South leg.

She also emphasized the initiative’s alignment with key global targets: “This program reflects the Renewed Hope Agenda of President Bola Ahmed Tinubu, which prioritizes inclusivity, economic growth, and sustainable development, particularly for women.”

She added that it aligns with the United Nations Sustainable Development Goals, especially SDG-5 on Gender Equality and SDG-8 on Decent Work and Economic Growth.

Dr. Ibas, speaking further, called for collective commitment to peace as a foundation for long-term progress.

She said, “My husband’s appointment as Rivers State Administrator was aimed at restoring stability.”

She appealed to citizens to support law and order, urging them to help steer the state back to its “cherished path of glory.”

Princess Adejoke Orelope-Adefulire, the Senior Special Assistant to the President on SDGs, also addressed the gathering, encouraging women to embrace entrepreneurial opportunities amid Nigeria’s current economic realities.

She said the initiative was designed to “drive inclusive growth through strategic partnerships while addressing poverty and hunger.”

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Kidnapped Enugu Reverend Sisters, Seven Others Released

 

A coordinated security operation has led to the safe recovery of all nine individuals abducted on the night of April 26, 2025, in Eburumiri, Ibagwa-Aka, Igbo-Eze South LGA of Enugu State.

Among those rescued were two Reverend Sisters, whose kidnapping sent shockwaves through the local community.

Speaking to journalists, the Executive Chairman of Igbo-Eze South, Barrister Ugo Ferdinand Ukwueze, denounced the criminal act and lauded the swift rescue efforts.

“The abduction of innocent persons, religious and civilian alike, is not merely a criminal offence; it is an assault on our collective dignity,” he declared.

Following the incident, the local council worked closely with state and inter-state security forces, including teams from Nsukka and Kogi, to launch an aggressive search-and-rescue mission.

“Within 24 hours, we successfully rescued three of the abductees, and I am pleased to announce that all nine have now been reunited with their families and are receiving necessary medical evaluation and psychological support,” Ukwueze confirmed.

The council chairman underscored the necessity of public participation in local security efforts.

“It is imperative that we cultivate a culture of vigilance and proactive information-sharing. Suspicious activities should no longer be overlooked,” he stated, calling on residents to be active partners in safeguarding the community.

He further commended the state government’s role in the success of the operation, highlighting the leadership of Governor Peter Ndubuisi Mbah.

“The promptness of the state government’s intervention sends a strong message that criminality has no place within our borders,” Ukwueze said.

Vowing to strengthen local defenses, Ukwueze revealed plans to restructure the security framework across the LGA.

A Local Security and Stakeholder Summit is scheduled, aimed at developing long-term strategies for community safety.

“Igbo-Eze South will not tolerate criminality in any form. We will mobilise every lawful force to defend our territory,” he stated.

“Together, we shall build a safer, stronger, and more secure Igbo-Eze South,” he concluded.

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Trump Cuts Funding For National Public Radio, Broadcasting Service, Labels Them “Enemies Of The People”

 

U.S. President Donald Trump has signed an executive order cutting federal funding to National Public Radio (NPR) and the Public Broadcasting Service (PBS), intensifying his long-standing criticism of mainstream media outlets.

The announcement, confirmed by the Associated Press, follows Trump’s recurring description of major news organizations as “the enemy of the people.”

Despite both NPR and PBS relying significantly on private donations and receiving only partial funding from U.S taxpayers, the president directed an immediate halt to their federal support.

“National Public Radio (NPR) and the Public Broadcasting Service (PBS) receive taxpayer funds through the Corporation for Public Broadcasting (CPB),” Trump stated in the executive order.

“I therefore instruct the CPB Board of Directors and all executive departments and agencies to cease Federal funding for NPR and PBS.”

Trump accused the two organizations of biased reporting, saying, “Neither entity presents a fair, accurate, or unbiased portrayal of current events to taxpaying citizens.”

Although the CPB’s budget has already been approved by Congress through 2027, casting doubts on how the order might be implemented, the directive marks a symbolic step in Trump’s media war.

More than 40 million Americans reportedly tune into NPR weekly, and 36 million viewers access PBS stations each month.

NPR’s CEO, Katherine Maher, had previously disclosed that NPR expected to receive around $120 million from the CPB in 2025, which she said constitutes “less than five percent of its budget.”

The move drew criticism from media watchdog groups.

Reporters Without Borders (RSF) issued a warning Friday about “an alarming deterioration in press freedom” in the U.S under Trump, citing “unprecedented” challenges for independent journalism worldwide.

In response to the order, PBS released a strong statement defending its mission and bipartisan roots.

“There’s nothing more American than PBS, and our work is only possible because of the bipartisan support we have always received from Congress,” the statement read.

“This public-private partnership allows us to help prepare millions of children for success in school and in life and also supports enriching and inspiring programs of the highest quality.”

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Joining Politics Made Me Bolder, I’ll Do It Again – Funke Akindele

Nollywood actress and filmmaker, Funke Akindele has said that her foray into politics made her more courageous, enlightened, and better informed about governance in Nigeria.

Speaking at the recent #WithChude Live session hosted by media entrepreneur, Chude Jideonwo, Akindele reflected on her experience as the deputy governorship candidate for Lagos State under the Peoples Democratic Party (PDP) in the 2023 elections.

She ran alongside Abdul-Azeez Adediran, popularly known as Jandor, but lost to the incumbent governor, Babajide Sanwo-Olu of the All Progressives Congress (APC).

“I needed to support others. I needed to give back, that was why I went into politics,” she said.

“Getting into it, seeing the violence, hearing the shouting, then I started watching female politicians, the way they speak and command respect and authority. And I said to myself, ‘Hey, you can do it.’

Akindele noted that the experience taught her vital personal and leadership lessons, pushing her out of her comfort zone.

“I stood, I spoke. I learnt that you have to be bold, courageous, and strong. What will be, will be. Fear will only keep you stuck,” she said.

She also revealed how her involvement in politics sparked a greater interest in civic education and public policy.

“I started reading more, learning more about my country and my state. When I want to speak now, I speak with statistics, with data. So yes, I’m glad I went into politics. And if you ask me whether I’ll do it again? Oh yes!” she added.

Beyond politics, Akindele used the platform to advocate for mental health awareness, opening up about her own emotional struggles, grief, and the pressure of public life.

“Right from the start, I’ve always known therapy is important, but I never submitted myself to it. I’d be scared people would hear and spread the gist. But I was dying in silence while acting strong,” she confessed.

She described how personal losses and public backlash affected her deeply, particularly after her mother’s death and the trolling she received following the elections.

“When Mum passed on my everything, my prayer partner the politics, the backlash, the insults… I watched a video where women were mocking me, saying I didn’t have a husband. I broke down. I cried and cried. Then I told myself, ‘You need to speak to someone. You can’t continue like this,’” she recalled.

Eventually, she sought professional help. “Things I couldn’t tell others, I told my therapist. And now I feel better. So I want to advise everyone out there: it’s very important to speak up. Yes.”

She also addressed the pain of being falsely accused of neglecting her late Jenifa’s Diary co-star, Adejumoke Aderounmu, who reportedly battled depression before her death in 2024.

“People called me out, saying, ‘She was in Jenifa, why are you acting like you care now?’ I was already depressed myself. I was bottling so much in,” she said.

“To cope, I went into a room, locked the door, and did a live video — just to speak out. Some people lock the door and end their lives. I thank God I locked the door and went live instead.”

Reflecting on those experiences, she concluded, “There’s no such thing as a strong person. You need to speak up.”

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