News

2027: Supreme Court Judgment supersedes FHC ruling — SDP to INEC, Gabam

Published

1 month ago

July 10, 2026

Preport

The National Working Committee of the Social Democratic Party, led by Prof. Sodiq Gombe, has made an important clarification regarding a Federal High Court judgment being paraded by its embattled former acting chairman, Shehu Gabam.

In a statement on Friday by the opposition party’s spokesperson, Araba Aiyenigba told the Independent National Electoral Commission that the ground upon which the FHC judgment was based has been set aside by the Supreme Court.

This comes following a highcourt judgment submitted to INEC by Gabam and its legal term laying fresh siege to the party leadership.

However, SDP told INEC that the said judgment has been appealed against by the party, and it is now pending before the Court of Appeal.

“The SDP calls on the Independent National Electoral Commission (INEC) to take note that the said judgment has been appealed against by the Social Democratic Party, and it is now pending before the Court of Appeal.

“It is clear that the said plaintiff is not the governorship candidate of the Social Democratic Party in the Osun State and did not participate in our primary election. Dr Ajala is the SDP governorship candidate.

“With respect to the leadership of the SDP, the Supreme Court has maintained that courts do not have jurisdiction to determine who can be the national chairman, national secretary, or the leadership of a political party.

“Having moved beyond the distraction of Shehu Musa Gabam, the party is focused on strongly building and reinforcing its capacity for victory ahead of the 2027 general elections,” the statement reads.

Recall that Gombe’s name was uploaded on INEC’s portal after Gabam’s name was removed.

However, Gabam renewed his claim to the leadership of SDP with a judgment dated June 24.

Related Topics:2027 Gabam INEC SDP Supreme Court

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Motsepe Urges Calm as FIFA Crisis Deepens, Backs March 2027 Election

Published

1 hour ago

August 14, 2026

Preport

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Confederation of African Football (CAF) President Patrice Motsepe has called for calm and unity amid the growing crisis within world football’s governing body, insisting that the FIFA presidential election in March 2027 should provide the appropriate platform for members to determine the organisation’s direction.

Speaking in Salzburg around the UEFA Super Cup, Motsepe said the current disagreements should not descend into prolonged internal conflict, urging all sides to respect FIFA’s electoral and governance processes.

Read Also: ‘Africa Must Protect Its Interests’ — CAF’s Lux September Speaks on FIFA Crisis | Sports247 Nigeria

FIFA’s 211 member associations are expected to decide the organisation’s leadership at the 77th FIFA Congress in Rabat, Morocco, on March 18, 2027. Current president Gianni Infantino is seeking another term.

Motsepe maintained that the election should allow the various candidates and member associations to make their positions clear through the established democratic process rather than through continued public confrontation.

The CAF president also reiterated his support for Infantino, describing him as a leader who has shown commitment to African football.

“Gianni Infantino has been loyal to Africa and has shown a deep commitment to African development and growth.”

His comments come amid a major dispute over FIFA’s proposed Forward Enterprise, which involved plans for private investment in FIFA competitions and triggered strong opposition from UEFA, CONCACAF and other stakeholders. FIFA eventually abandoned the proposal after widespread criticism over transparency and the consultation process.

Motsepe said the current situation should instead encourage dialogue, cooperation and respect for due process.

Africa’s position could be particularly influential at the election because CAF’s 54 member associations represent the second-largest voting bloc in FIFA, behind UEFA’s 55.

With the FIFA presidential contest approaching, Motsepe’s position keeps CAF firmly aligned behind Infantino while other confederations continue to demand changes in FIFA’s leadership and governance.

Business

Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval

Published

2 hours ago

August 14, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday said its positioning itself for a major market transformation.

With NAICOM verification now completed, the non-life insurer plans to deploy its strengthened capital position toward underwriting larger corporate risks, expanding digital infrastructure, and competing more aggressively for market leadership within Nigeria’s financial ecosystem.

A statement released by the insurer noted that, recapitalisation is not the destination. It is the platform for growth.

The statement further said is now focused on converting its enhanced capital position into greater underwriting capacity, stronger customer propositions, improved service delivery, strategic partnerships and sustainable market growth.

Commenting on the development, the Managing Director/Chief Executive Officer, Mr. Ademola Abidogun, said:

“Recapitalisation has given Guinea Insurance the strength to think bigger, compete harder and pursue opportunities with greater confidence. We have strengthened our capital; now we are focused on strengthening our position in the market.”

“Nigeria is a market of enormous opportunities, and Guinea Insurance intends to be at the forefront of capturing those opportunities. Whether it is supporting major corporates, SMEs, institutions or individuals, we are ready to provide the capacity, expertise and confidence that businesses need to grow.”

The completion of the recapitalisation also reinforces Guinea Insurance’s ambition to become a more competitive, innovative and customer-focused insurer, with increased capacity to participate in larger risks, develop relevant insurance solutions and deepen its relationships across the insurance value chain.

The Company will build on this stronger foundation through disciplined underwriting, technology and innovation, operational excellence, robust risk management and a relentless focus on customer experience.

It will also pursue strategic opportunities that expand its market reach and create sustainable value for shareholders and other stakeholders.

According to the Company, the objective is clear: to turn capital strength into market strength.

Guinea Insurance expressed its appreciation to its shareholders, investors, policyholders, brokers, employees, business partners, regulators and other stakeholders whose confidence and support contributed to the successful completion of the recapitalisation exercise.

As Guinea Insurance enters its next phase, the Company is looking beyond compliance and capital adequacy. It is preparing to compete for bigger opportunities, serve more customers, support more businesses and deliver greater value across the Nigerian economy.

The post Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval appeared first on Business Today NG.