News

Bandits strike Plateau community, kill miner, injure two, abduct one

Published

45 seconds ago

May 1, 2026

Preport

Bandits suspected to be Fulani militias, on Thursday, laid siege on the Sabon Gari (Yilpo) community in Mangu Local Government Area of Plateau State, killing one youth miner, injuring two, and abducting another youth.

A youth leader in the community, Nandom Ishaku, who confirmed the attack to DAILY POST on Friday, said a group of youths who were going back to the village after their mining activities were ambushed by the armed Fulani bandits along the Aloghom-Yilpo-Mwansat college axis, killing one miner identified simply as Kyenshak, injuring two others, and abducting one of them.

“It was another sad moment for the peaceful and loving people of Sabon Gari (Yilpo) community on Thursday at about 3:55pm when armed Fulani militias ambushed some youths who were returning from tin mining along the Aloghom-Yilpo-Mwansat college axis leading to the death of Kyenshak, while two youths sustained gunshots, and one person was kidnapped. We don’t know whether he is alive or has been killed by the militia”, Ishaku said.

He added that the attack is coming a few days after a Fulani media group, the Gan Allah Fulani Development Association, GAFDAN, issued a statement accusing youths in the Aloghom community of attacking herders and rustling their cattle.

“A few days ago, a Fulani group, the Gan Allah Fulani Development Association, GAFDAN, released a disturbing statement accusing youths in Aloghom of attacking Fulani herders and stealing their cattle.

“We knew immediately that the statement was a precursor to an impending attack as that has been their modus operandi. Whenever they plan an attack, they will fabricate baseless allegations to justify it.

“The annoying thing is that when we saw the statement, we quickly alerted security operatives and warned that there would be an imminent attack but the security officials did not take the alert seriously. And now, we have lost a vibrant youth,” Ishaku lamented.

Business

Nigerian Insurers Association Honours Mohammed Kari

Published

37 minutes ago

May 1, 2026

Preport

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Nigerian Insurers Association on Thursday in Lagos organized its 2026 Awards and Special Recognition ceremony at the Insurers House.

Among those celebrated was Mohammed Kari, a former Commissioner for Insurance and current Waziri of Bauchi, who received special commendation.

The high-profile gathering recognised former Presidents and Council representatives of the association, applauding their enduring impact on the advancement of the NIA and the broader insurance sector in Nigeria.

The post Nigerian Insurers Association Honours Mohammed Kari appeared first on Business Today NG.

News

Reps Order DISCOs To Refund N55.42bn NMMP Loan

Published

5 hours ago

May 1, 2026

Preport

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By EricJames Ochigbo

The House of Representatives has directed 11 electricity distribution companies to refund N55.42 billion obtained under the National Mass Metering Programme (NMMP).

Lawmakers on Thursday adopted a committee report giving the DISCOs a seven-month deadline to repay the loan to the Central Bank of Nigeria.

Presenting the report, Chairman Uchenna Okonkwo said the probe followed the committee’s mandate and found the metering scheme failed to achieve expected outcomes.

Okonkwo said the programme, introduced in 2020, aimed to close metering gaps, promote local manufacturing, curb losses, and end estimated billing practices.

He listed beneficiaries as Abuja, Eko and Enugu distribution companies, alongside Ibadan, Ikeja and Jos electricity distribution companies.

Others include Kano and Yola distribution companies, among the 11 firms that received disbursements under the intervention scheme.

Okonkwo said the committee engaged the Central Bank, Meristem Wealth Management, NESI-SSL, NERC and other stakeholders during the investigation.

“The report indicates the programme, initiated in 2020, was to be implemented in three phases.

“N59.28 billion was earmarked for the 11 companies, repayable at nine per cent interest, with six per cent to financiers and three per cent to the CBN.

“The investigation revealed DISCOs received N55.42 billion, leaving N3.85 billion unaccounted for,” he said.

The chairman raised concern over a clause granting Meristem Wealth Management 0.5 per cent of DISCO collections annually until 2030.

He said the firm had already received N450 million for its services, a development the committee strongly criticised.

The committee recommended the firm provide its profile, structure and detailed report on work done under the metering programme.

Following adoption, the House approved creating a loan recovery committee by the CBN and NERC to recover funds from beneficiaries before 2026. (NAN) (www.nannews.ng)

EOO/KTO

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Edited by Kamal Tayo Oropo