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Youth Assembly gets new 40 reps in Lagos, elects Aderibigbe Speaker



Last Updated on July 26, 2023 by Fellow Press

(Photo: Amb. Adeola Aderibigbe, the newly elected Speaker, National Youth Assembly of Nigeria (NYAN) Lagos State Chapter (middle) and other national officers of NYAN during the inauguration of new ambassadors on Wednesday in Lagos.)

The National Youth Assembly of Nigeria (NYAN), Lagos State Chapter, on Wednesday elected and inaugurated new representatives (ambassadors) in 40 constituencies in the state.

The ambassadors also in turn elected Amb. Adeola Aderibigbe (Etio-Osa Constituency I) as the State Assembly Speaker, while Amb. Akindayo Ajiboye (Somolu II) emerged as Deputy Speaker.

Other elected principal officers of the assembly are Rasheed Wasilat (Clerk), Victor Martins (Majority Leader), Emmanuel Nwokolo Emmanuel (Minority Leader), and Emmanuel Keshinro (Chief Whip).

The News Agency of Nigeria (NAN) reports that ambassadors and principal officers were elected and sworn in at the NYAN 2023 Lagos State Convention held at International Press Centre (IPC), Ogba in Lagos.

The Chairman, Convention Planning Committee, Amb. Jamiu Akangbe, said that all representatives were returned unopposed.

Akangbe said that the new ambassadors in various constituencies included John Ojetunde (Somolu I), Naimah Obidola-Adegoke (Ikeja II), Ayodeji Atitebi (Ikeja I), Akindayo Ajiboye (Somolu II), Tosin Akindele (Ikorodu I) and Emmanuel Macaulay (Kosofe I).

Others he said included Washilat Rasheed (Ajeromi Ifelodun I), Matthew Adewunmi (Alimosho II), Emmanuel Keshinro (Oshodi Isolo I), Emmanuel Nwokolo (Amuwo Odofin I), Kennedy Obuzor (Amuwo Odofin II), Adaora Uyanna (Surulere I).

Also elected, according to him, are Adam Abdulfatai (Agege I), Temitope Adeoye (Agege II), Nathaniel Pyennap (Ojo I) Oluwafemi Omisore (Ibeju-Lekki 1) and Phillip Awoseyila (Lagos Mainland 1).

Akangbe said that among the new ambassadors were Kehinde Adegboyega (Lagos Island 1), Olusayo Enoch (Lagos Island II), Julius Itaman (Mushin II), Abdulwasiu Akinwande (Ajeromi Ifelodun II), Imoleayo Adewale (Surulere II).

He said that John Mayomi (Alimosho 1), Obiora Beluolisa (Ibeju-Lekki II), Paul Erameh (Apapa I), Chiamaka Amazigo (Badagry 1) among others were also elected as ambassadors.

Administering the Oath of Office on the new ambassador, Amb. Michael Ogunsola, National Minority Leader, NYAN, said that the group had the mandates to create mechanism for the development of the youths in the country.

Ogunsola said that NYAN both at the National and State level meet four times in a year to chart a way for better future for the youth.

Also speaking, the NYAN National Speaker, Amb. Bashir Shagari urged the newly elected ambassadors and principal officers to show capacity in influencing government policies to protect the interest of the youth.

Shagari, who was represented by Amb. Samsideen Ogunolu, the South West Zonal Coordinator, NYAN, urged the youth to get prepared for the challenges, saying that NYAN believed strongly in consistency, commitment and sacrifice.

He said: “Whatever position you have, don’t be intoxicated by power but work hard to better the cause of the youth.

“We are not an organisation that lobbies to collect money from politicians. We are there to put the matters of youth in our front burner.

“Don’t allow the profit to override your duty. See this privilege as a call to serve and you must serve humanity.

“You educational experience, connectivity and other should be use to support and promote youth. Your post should be used to serve humanity selflessly.”

In his inaugural speech Aderibigbe called on all the ambassadors to forget about differences and ethnic divides in the state but unite and work together to better the lot of the youth.

Emphasising the need for increased youth advocacy, NYAN speaker said that youth in the state needed people that would stand for them and mount pressure on decision makers about various challenges and plights of the youth.

“Millions of youths in Lagos State are jobless and millions are also entrepreneurs who need empower to advance their businesses.

“As Speaker, I will be at the fore front of the advocacy to safeguard the interest of the youth.

“For things to work, however, we all have to unify ourselves and work together not minding our diverse ethnic and religious divides.

“If we can come together and work as youths of Lagos State, I believe Lagos State will be a better place for us all,” Aderibigbe said.

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FG updates on UAE lifting visa ban on Nigeria



The Minister of Aviation, Festus Keyamo, has revealed that the United Arab Emirates (UAE) government will soon announce the date for lifting the visa ban that has been imposed on Nigerian travellers.

This information was shared during an interview with Otega Ogra, Senior Special Assistant to President Bola Tinubu, which is available on the official YouTube page of the State House of Nigeria.

Keyamo acknowledged that while a resolution was reached between President Bola Tinubu and UAE President Mohamed bin Zayed Al Nahyan during President Tinubu’s working visit to the UAE in September 2023, additional processes were required before the ban could be officially lifted.

He said the processes have now been completed, paving the way for the imminent announcement from the UAE government.

“After that high-level meeting, Mr. President, credited to him, made things very easy for us all. We did our follow-ups as his ministers. We have done everything. We have resolved everything.

“Just wait for the announcement from the UAE government, and that announcement is imminent,” Keyamo stated.

The Minister further mentioned that he is aware of the specific date when the travel restriction will be lifted, but he emphasized that it is up to the UAE government to make the official announcement.

The lifting of the ban is expected to restore ease of travel for Nigerian citizens to the UAE, thereby enhancing bilateral relations and cooperation between the two countries.

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Otedola, Zenith Bank settle out-of-court



The Federal High Court of Nigeria, Lagos Division, dismissed the case on Thursday on receiving a notice of discontinuance from the plaintiffs.

Femi Otedola, the chairman of FBN Holdings and majority shareholder of Geregu Plc, and some of his companies have opted for an out-of-court settlement with Zenith Bank Plc.

Otedola was involved in a legal dispute with the bank over alleged “fraudulent transactions” on his company’s accounts.

Court papers obtained by PREMIUM TIMES showed the Federal High Court of Nigeria, Lagos Division, where Mr Otedola and his companies filed the suit against the lender on 12 March, dismissed the case on Thursday, 13 June, on receiving a notice of discontinuance from the plaintiffs.

Zenon Petroleum & Gas Limited, Seaforce Shipping Co. Limited, Luzon Oil & Gas Limited, Garment Care and Mr Otedola were the plaintiffs, while Zenith Bank, Quantum Zenith Securities & Investment Limited, Veritas Registrars Limited and Central Securities Clearing System Plc were the defendants.

According to a court document, Justice A.O. Faji discontinued the lawsuit after the counsel for the first to third defendants and the counsel for the plaintiffs asked for the matter to be dismissed, with the “counsel for the fourth defendant not objecting.”


Mr Otedola and his companies initiated legal action against Zenith Bank and the other defendants in March, claiming that the lender disposed of his shares in the bank without authorisation, manipulated the companies’ bank accounts and fabricated some documents to conceal the alleged crimes.

He accused the lender of wrongfully calculating his debts before selling them to the Asset Management Corporation of Nigeria (AMCON), which the bank set up to buy the non-performing loans in the books of banks with the intention of recovering them thereafter.

Zenon had claimed that the letters of credit that led to the bad loans AMCON acquired were opened before the corporation took over the debt in December 2011. The company stopped operating the account after AMCON’s intervention.

According to a document seen by PREMIUM TIMES, the overdue on Zenon’s account at the point AMCON took over the liabilities was N39 billion. Zenon said Zenith Bank offered the debt to the corporation at N49 billion. AMCON ended up paying the bank N44.1 billion for the debt.

Sources with knowledge of the matter told PREMIUM TIMES in May that Mr Otedola chose to take legal action against the bank after several failed reconciliation attempts. During the month, both parties held three meetings, none yielding the desired results.

“It is clear that Zenith Bank Plc is not sincere in resolving this issue out of court and as such a time-wasting exercise,” one of the sources said.

“At this juncture, we have resolved to pursue our claims via the judiciary, law enforcement, the CBN and the court of public opinion as we know that our claims are very genuine.”

According to a document detailing the deliberations of both parties at a meeting held on 20 May, Zenith Bank agreed to refund the N205 million it wrongfully debited to Zenon’s account with compounded accrued interest using a bankdraft.

Seaforce Shipping Company Limited, owned by the billionaire tycoon, said Zenith Bank presented some statements of account claiming that it owed the bank N5.9 billion as of February 2024. It added that Zenith Bank abandoned the claim after the company showed proof that Seaforce’s account was in credit as of 2018.

A source said Zenith Bank sold the 415 million shares that Zenon held in Zenith Bank for N4.9 billion in December 2010, noting that the shares were repurchased in the following month for N5.4 billion, triggering a net loss of N142.9 million.

He further disclosed that related transactions were carried out on Mr Otedola’s account, causing a net loss of N61.5 million and a combined loss of N205.4 million in both cases.

Isyaku Mohammed, the commissioner of police in charge of administration at the Force Criminal Investigation Department, summoned the managing director of Zenith Bank on 16 May over what he described as an alleged unauthorised debit to Zenon’s account.

“This office is investigating an alleged case of fraudulent misrepresentation, wrongful debit and unauthorised transactions referred from the assistant inspector general of police, FCID Annex, Alagbon Close, Ikoyi, Lagos, involving your financial institution,” the letter, a copy obtained by PREMIUM TIMES, read.

“A precis of the petition at disposal reveals that sometime in 2011, an unauthorised withdrawal was carried out on the account of Zenon Petroleum Gas Limited with number 10110385211 to the tune of Two Hundred and Five Million, Three Hundred and Forty-six Thousand, Five Hundred and Seventy-Three Naira (N205,346,573.00) without justification.”

The letter stated that Zenith Bank wrongfully opened some letters of credit after AMCON acquired the debt in 2011, which led to unsolicited loan disbursement that further plunged Zenon into indebtedness.

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