NCSP REAFFIRMS NIGERIA’S POSITION ON ONE-CHINA PRINCIPLE

 

The Nigeria-China Strategic Partnership (NCSP) has reaffirmed Nigeria’s unwavering commitment to the One-China Principle, stating that the country’s position on Taiwan remains a settled and non-negotiable matter of national policy.

The statement comes as global attention turns once again to China’s insistence on the One-China Principle, following the visit of a United States delegation led by President Donald Trump in Beijing, accompanied by America’s most powerful business executives. The visit underscored the enduring centrality of the Taiwan question in China’s diplomatic engagements, and Beijing’s consistent position that the People’s Republic of China is the world’s only legitimate Chinese government and that Taiwan is an inalienable part of its territory.

$8.4 Million worth of coc@ine discovered in shipment of Kim Kardashian brand underwear

 Authorities have reportedly discovered coc@ine worth an estimated $8.4 million concealed inside a shipment linked to a popular underwear brand owned by reality TV star and business mogul Kim Kardashian.

Jakub Jan Konkel, 40, was sentenced to 13 years and six months in prison on Monday for stashing a slew of drugs inside his truck carrying 28 pallets of Skims clothing from the Netherlands, according to the National Crime Agency.

Konkel, from northern Poland, was stopped by Border Force officers at the Port of Harwich in Essex, England, as he arrived on a ferry with his truck full of the celebrity shapewear last September, the agency said.

Wema Bank Announces Last Call for Submission of Entries for One-Day MD/CEO Children’s Day Initiative

As the deadline of May 20, 2026, fast approaches, Wema Bank has announced the last call for submissions for children and teens interested in participating in becoming MD/CEO of Wema Bank for one day. 

Launched in May 2025 as part of Wema Bank’s 80th anniversary celebration, the One-Day MD/CEO initiative was introduced by Wema Bank to commemorate Children’s Day in a uniquely unprecedented manner. Inspired by the Bank’s 80th anniversary theme “80 Years of Impact, A Future of Possibilities”, the Wema Bank One-Day MD/CEO initiative served as a bridge between past and future, giving children across Nigeria the once-in-a-lifetime opportunity to become the MD/CEO of Wema Bank for one day—Children’s Day. 

Wema Bank Plc Sets the Record Straight on False and Misleading Publication by NDIC on Legacy Transactions Involving Defunct Gulf Bank Plc

 

General Comments

Wema Bank Plc has noted with concern recent media publications containing false, misleading, and wholly unsubstantiated allegations regarding the sale of certain Banana Island properties purportedly linked to the defunct Gulf Bank Plc. We unequivocally reject these claims, which are inaccurate, malicious, and clearly intended to distort the true position. For the benefit of our stakeholders—shareholders, customers, regulators, and the general public—we set out below the factual background to the transaction.

The Original Exposure and Default

In 2002, Wema Bank Plc (the Bank) made an inter-bank placement with Gulf Bank Plc in the sum of ₦4.6 billion. By August 2004, that exposure had been reduced to approximately ₦1.2 billion, after which the outstanding obligation became delinquent. In seeking to recover depositors' and shareholders' funds, Wema Bank pursued lawful recovery steps, which ultimately dovetailed into a criminal investigation of the then Managing Director of Gulf Bank Plc.

Promasidor Nigeria Marks International Day of Families, Advocates Child Well-Being and Stronger Family Support Systems

 

Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, is commemorating this year’s International Day of Families with a renewed call for stronger support systems that promote child well-being and help reduce inequalities affecting families across the country.

Observed globally on May 15, this year’s theme, “Families, Inequalities and Child Wellbeing,” highlights the urgent need to address disparities in access to nutrition, education, care, and opportunity factors that continue to shape the future of millions of children.

US Federal Court Jails Nigerian‑Born Professor For 5 Years And 10 Months Over $1.4m Donor Fund Theft

 A United States federal district court in Michigan has sentenced Nkechy Ezeh, a former executive director at the Early Learning Neighbourhood Collaborative (ELNC), to 70 months in prison for orchestrating a scheme that diverted $1.4 million in taxpayer and donor funds meant for vulnerable preschool children.

British man hauled out of Italian bar when he was meant to be in quarantine for hantavirus

 A British man in his 60s has been detained in a bar in Italy despite being under strict quarantine orders linked to the growing hantavirus outbreak connected to the MV Hondius cruise ship.

The man and his travelling companion were apprehended in Milan before being transferred to hospital facilities at Sacco Hospital. Authorities had ordered the pair to remain in isolation until June 6 as part of a 42-day quarantine period following possible exposure to the virus.

Iran's Parliament speaker issues ultimatum to U.S. over peace proposal

 

On Tuesday, May 12, Iranian Parliament Speaker Mohammad Bagher Ghalibaf issued a firm ultimatum to the United States, demanding the acceptance of Tehran’s 14-point peace proposal or the prospect of continued "failure."

This defiant message follows US President Donald Trump’s rejection of Iran’s latest counteroffer, which the U.S. president slammed as “TOTALLY UNACCEPTABLE!”, stating that a fragile ceasefire in place since April 8 was on “life support.”

Ghalibaf asserted that Washington must acknowledge the "rights" of the Iranian people to resolve the more than two months of conflict, warning in a post on X that “There is no alternative but to accept the rights of the Iranian people as laid out in the 14-point proposal.

Aare Adetola EmmanuelKing Felicitates Olofin of Ilisan Remo on 86th Birthday

The Borokinni of Ilishan Remo, Sir Aare Adetola EmmanuelKing KOF, has extended warm birthday felicitations to the Olofin of Ilisan Remo, His Royal Majesty, Oba (Dr.) Barr. Michael Olufemi Mojeed Sonuga Daniyan II, as the revered monarch celebrates his 86th birthday anniversary.

In a statement released to commemorate the royal father’s birthday, Aare Adetola EmmanuelKing described the monarch as a symbol of peace, wisdom, progress, and exemplary royal leadership, whose reign has continued to bring honor and development to Ilisan Remo.

Rite Foods Celebrates Mother’s Day, Honouring the Strength, Resilience, and Everyday Impact of Women

Rite Foods Limited, Nigeria’s leading food and beverage company, is celebrating this year’s Mother’s Day by recognizing the extraordinary strength, resilience, sacrifice, and nurturing spirit of women and mothers whose everyday contributions continue to shape homes, workplaces, communities, and the nation at large.

The Company also celebrates the remarkable women within its workforce who seamlessly balance professional excellence with the responsibilities of motherhood, bringing dedication, compassion, and strength to every role they occupy.

Mother’s Day, observed globally on Sunday, 10th May, is a moment to honour women whose firm commitment forms the foundation upon which families thrive, and societies grow. From nurturing dreams and raising future leaders to providing stability, care, and emotional support, mothers remain the quiet force powering everyday life.

Power Sector Has No Quick Fix, Reforms Will Be Transparent Under My Watch – New Minister of Power, Joseph Tegbe

 

The Ministerial-Designate for Power, Joseph Olasunkanmi Tegbe, has pledged to transform the power sector through high levels of transparency in his reforms to resuscitate the sector, which has been plagued by incessant national grid collapses and power failures

Tegbe, who spoke during the Senate screening on Wednesday, 6th May, 2026, acknowledged persistent challenges across the power value chain, noting that while there is no “quick fix,” there is a “disciplined path to solving it,” anchored on execution discipline and measurable progress.

“We will not do things the way we used to do before. I will not promise what I cannot deliver. We must close the metering gap and ensure Nigerians can track performance through a transparent public dashboard,” he said.