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FG Supports 25,204 Vulnerable Households in Plateau With Cash Transfers

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The Federal Government has disbursed financial support to 25,204 vulnerable households in Plateau State under the Renewed Hope Cash Transfer programme, officials confirmed on Friday.

Mrs. Mary Fom, Coordinator of the National Social Investment Programme (NSIP) in Plateau, revealed the update during a one-day stakeholders’ engagement meeting in Jos. She said the intervention is part of the government’s wider poverty reduction drive.

“So far, we have produced debit cards for 25,204 beneficiaries in Plateau. Of these, 23,797 have collected their cards, while 1,371 cards are still unclaimed,” Fom explained. She noted that efforts are ongoing to reach the remaining beneficiaries so that payment service providers can complete the distribution process.

According to her, many of the unclaimed cards belong to residents who may have relocated due to security challenges in their communities.

Fom also highlighted other components of the NSIP—such as N-Power, the National Home-Grown School Feeding Programme, and the Government Enterprise and Empowerment Programme—as part of the Federal Government’s broader strategy to support vulnerable Nigerians.

She said the engagement with stakeholders was designed to gather suggestions on strengthening the programme’s operations in Plateau.

The coordinator expressed appreciation to President Bola Tinubu for his commitment to poverty eradication and to Plateau State Governor Caleb Mutfwang for providing an enabling environment for the scheme’s implementation.

The Renewed Hope Cash Transfer programme is a key component of the Federal Government’s effort to provide direct financial relief to vulnerable households across the country, particularly those affected by economic hardship and security challenges.

 

 

 

 

 

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Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

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Investors sue Selena Gomez alleging fraud tied to her mental health startup

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Singer and actress Selena Gomez and her mother are being sued over their mental health startup, Wondermind. The plaintiffs in the lawsuit say they invested nearly $1.2 million in the startup, and are accusing Gomez of securities fraud and breach of contract.

They allege that the startup failed to deliver on its commitments without informing investors, and Gomez failed to market the startup after promising to do so. The news was first reported by Forbes.

Wondermind launched in 2021 and aimed to offer daily mental health resources to users. The lawsuit alleges that investors were unaware of the company’s troubles until a September 2025 story from The Cut uncovered them.

“Gomez purported to sign a contract obligating her to perform and then ignored it,” the complaint reads. “The partnerships did not exist. The initiatives never materialized. The app was never built. And for three years, while the Company quietly collapsed around them, not one of its founders, officers, or directors said a word to the investors whose money was funding the collapse.”

The investors allege that Gomez and Wondermind misrepresented the company’s finances and overstated the extent of Gomez’s involvement. The plaintiffs are seeking to recover their investments and legal fees.

Wondermind did not respond to our request for comment.

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