News

Angry mob lynches, burns young man over alleged motorcycle theft in Kano

Published

4 months ago

July 6, 2026

A young man identified as Ahmad Dankoli was reportedly lynched and his body set ablaze by an angry mob in Balare, Ajingi Local Government Area of Kano State, after he was accused of attempting to steal a motorcycle.

The incident occurred at about 9 pm on Sunday, coinciding with the community’s weekly market day.

The councillor representing Balare Ward, Shu’aibu Abdulmumin Yalo, confirmed the incident to Arewa Updates, saying the deceased was accused of attempting to steal the motorcycle of a trader who had come to the market.

“The crowd accused him of attempting to steal a motorcycle. Although he tried to escape, they caught up with him and set him on fire,” Yalo said.

According to the councillor, security personnel responded to the scene but were overwhelmed by the large crowd and could not stop the mob attack.

“Security operatives came to intervene, but the number of people at the scene was too much for them to control,” he added.

Yalo noted that the market had witnessed several cases of motorcycle theft in recent months, a development he said may have fuelled the mob’s reaction.

The deceased was said to be a well-known social media supporter of the New Nigeria Peoples Party’s Kwankwasiyya movement.

The incident comes less than two weeks after another mob in Maraban Jos, Kaduna State, allegedly burnt a woman, Ummulkhairi, to death over accusations of child theft.

Authorities later said the allegation was false, sparking renewed concerns over the growing trend of jungle justice across the country.

Related Topics:alleged Angry burns Kano lynches Man Mob motorcycle theft young

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APC Chairman speaks on Akpabio’s chances of returning as Senate President in 2027

Published

1 hour ago

November 9, 2026

PlateauReports

The National Chairman of the All Progressives Congress, APC, Nentawe Yilwatda, has left open the possibility of Godswill Akpabio returning as Senate President in 2027.

Yilwatda said the decision on whether Akpabio would return as Senate President rests with the Senate and not the APC.

He spoke during an interview on Channels Television's Politics Today on Monday night.

Asked whether Akpabio would return as Senate President in 2027, Yilwatda said, "You know that the Senate will determine it. Let's wait for the election first. I don't have anybody in mind. The Senate will determine who they want to make Senate President. We, as a party, will only just bring the Majority Leader."

On the political dispute between former Imo State Governor Rochas Okorocha and incumbent Governor Hope Uzodinma, the APC chairman said the party would allow the court to determine the matter.

Asked about the dispute, he said, "We will allow the court to settle it, but behind the scenes, we are doing management of the case.

"The report I have of all the political parties, you don't have one tenth of it. I have my intelligence around everybody. I filter data from all.

"There is no political party that does not have a research unit, and the research unit goes as low as scavenging for data."

APC Chairman speaks on Akpabio’s chances of returning as Senate President in 2027

Business

Access Holdings mulls exit from foreign subsidiary to meet CBN rule – Report

Published

3 hours ago

November 9, 2026

PlateauReports

Access Holdings is considering exiting at least one market outside its base in Nigeria to comply with a Central Bank of Nigeria (CBN) rule requiring lenders to limit investment in foreign subsidiaries to no more than one-tenth of shareholders’ funds.

The banking group mentioned one business in which it plans to offload its stake to meet the requirement, Bloomberg reported on Monday, citing Chairman Aigboje Aig-Imoukhuede.

“If a subsidiary cannot meet its cost of capital and the strategic objectives for which it is set up, you should be ready to take a decision to exit,” Mr Aig-Imoukhuede was quoted as saying at an African Financial Industry Summit in Luanda, Angola, last week.

“Do we have one or two troublesome subsidiaries? I can think of one.”

Investment in subsidiaries for Nigeria’s biggest bank by assets stood at N446.6 billion at the end of September, equivalent to 19.3 per cent of its equity, according to Access Holdings’ 9M 2026 Investor Presentation.

That was roughly double the 10 per cent ceiling permitted by the Banks and Other Financial Institutions Act (BOFIA) 2020.

Only in cases of regulatory approval for a higher threshold from the CBN are lenders allowed to exceed that limit, the Act says.

The banking industry watchdog has given Access Holdings 12 months to address the issue.

The potential exit is part of the financial institution’s move to review its international operations to comply with the directive.

In June, Access Bank’s chief executive, Roosevelt Ogbonna, said the lender would reduce its shareholding in some of its foreign subsidiaries to achieve compliance.

According to Innocent Ike, CEO of Access Holdings, the lender will explore three strategies towards that end.

The options include recalling surplus capital from overseas subsidiaries, offloading minority stakes and restructuring some businesses, he said.

He added that the group has already completed one capital repatriation exercise involving its six targeted subsidiaries, and is engaging regulators in five countries to facilitate the return of excess capital to Nigeria.

Access Holdings plans to meet the regulatory requirement ahead of the March 2027 deadline, Mr Ike stated.

READ ALSO: Access Holdings’ nine-month profit jumps 6% to N474.2 billion

“We gave ourselves up till January next year, and I think we’re completing this ahead of schedule,” said Mr Aig-Imoukhuede.

The Access Holdings’ chairman said the group’s international portfolio remains fundamentally strong despite plans to sell interests in some international subsidiaries.

He noted that the group would continue to review the performance of its subsidiaries to ensure they generate sustainable returns and remain aligned with the strategic objectives for which they were established.

“You have to do dynamic portfolio management. Every year, you’re looking for ways to improve,” he said.

Access Bank sold its 97 per cent stake in its loss-making Ivorian subsidiary to Cameroon’s Afriland First Group SA for $1 million in January 2014, after the CBN restricted parent-bank capital for foreign subsidiaries.