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Former Plateau Governor Triples State Debt From N107 Billion to N307 Billion – Ex-Speaker Exposes

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The former Speaker of the Plateau State House of Assembly, Rt. Hon. Nuhu Ayuba Abok has made a startling revelation about the state’s debt burden under the leadership of former Governor Simon Lalong. According to Abok, Lalong, who served two terms in office, managed to increase the debt from N107 billion to a staggering N307 billion

He called on citizens of the State to pray fervently that Governor Caleb Mutfwang will succeed in the midst of the daunting challenges he inherited from the past administration.

Abok stated at a Thanksgiving service held on Sunday at COCIN Church Jos Jarawa where he expressed gratitude to God for finding him worthy to serve Plateau State in the capacity of a Speaker adding that without God, he would have been consumed by challenges.

He noted that as Speaker, he took certain decisions in the interest of Plateau and pleaded for forgiveness wherever he stepped on the toes of others, saying it was not deliberate.

Abok revealed thus, “the former Governor of Platea State, Senator Jonah David Jang, met the state’s debt burden at about N80 billion and took it to N107 billion.

“While former Governor Simon Lalong who met it at N107 billion, lifted it up to N307 billion, I want to called on Plateau people to pray fervently for Governor Mutfwang to succeed in the midst of the daunting challenges.”

Governor Caleb Mutfwang who was in attendance admonished Plateau people to stand together, irrespective of tribe and faith in defending the State’s heritage against the enemies confronting communities in Mangu, Barkin-Ladi, Riyom and other Local Governments Areas of the State.

Mutfwang said, “It is time for Plateau people to unite on a common front in preserving the state. We must forget the mistakes of the past where various ethnic groups were left alone to confront calamities that befalls their communities,” he said.

Governor Mutfwang described the former Speaker and Special Adviser on Legislative Affairs, Rt. Hon. Ayuba Abok, as a dogged, courageous and resilient young man who fought for the peace and unity of Plateau.

“I trust that it is well with us, God knows all about our struggles and we have confidence that through Jesus we shall be victorious. I thank God for this opportunity to celebrate God together with the former Speaker of the House of Assembly Hon. Nuhu Ayuba Abok, a young man who has also struggled through life to get to where he is and God has seen him through.

“I thank you all for your prayers, thank you for your encouragement and thank you for standing with us in this difficult moment in our life on the Plateau but I am confident that God will not allowed Plateau to be destroyed. I am confident that God will grant us victory over those that troubled us and Plateau will prosper again.

“Let me encourage us, it is not time to be careless, it is time for us to unite as a people, it is time for us to stand shoulder to shoulder with one another, this land that God has given us, He gave us for a purpose. We will prosper in the land that He has given us, we should continue to pray for the Bible says watch and pray.” The Governor stated.

The Paramount ruler of Afizere nation, the Agwom Izere, HRH Da Isaac Wakili, appreciated Governor Mutfwang for coming and congratulated him for emerging victorious at the poll.

He encouraged him and Plateau people to remain firm, courageous and resolute in the midst of the current security challenges.

Earlier on, the Former COCIN Vice President, retired Rev. Obed Dashan, who took the sermon from the Book of Psalm 103: 1-6 and I Thessalonian 5:16 with a theme: “Giving thanks in all circumstances” encouraged believers to hold firm unto God and give thanks to God in all situations.

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WAFCON 2026: This Tournament Is Exciting, Tougher And Unpredictable – Ayodele Thomas 

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Before the start of the 2026 WAFCON, some critics had argued that the expansion of the championship to 16 teams would lower the technical standard of the tournament and the characteristic excitements.

And ahead of the quater-finals stage, Sports Chronicle Magazine sought the views of a renowned sportspreneur and an investor in women and youth football development, Ayodele Thomas, on the ongoing championship.

He shared his views on the performances of the Super Falcons, so far, in the championship. He began by stating that the performances of the reigning WAFCON champions, the Super Falcons, have been encouraging.

“I would describe the Super Falcon’s performance so far, as encouraging, but inconsistent. The opening defeat was disappointing, particularly for the defending champions.

It exposed some defensive weaknesses. However, the team showed very good character in the subsequent games and the 6-2 victory over Egypt, was a significant statement of their attacking quality.”

Concerning the Super Falcons’ quater-finals clash against arch-rivals, he acknowledged that the Lionesses of Cameroon poses a great threat to the Nigerian women, considering their physicality and competitiveness.

“The Cameroon gave is a very serious test for Nigeria and one of the biggest rivalries in African women’s football. Historically, these matches have rarely been straightforward.

“On paper, Nigeria should have the quality and experience to win, particularly, because of the depth of the squad and the attacking options available.

But Cameroon will provide a completely different challenge from Egypt. They are physically strong, competitive and capable of making the game difficult for Nigeria.

“For me, the key to the match will be Nigeria’s defensive discipline and ability to control the midfield. We cannot afford to concede cheap goals and then rely on our attacking players to rescue the game. However, I would expect Nigeria to have the advantage,” he quipped.

Thomas, who is the President of TopPro Sports Management Company, went ahead to describe the standard of tournament as high and competitive.

“I think the overall standard of the 2026 WAFCON has been noticeably higher and more competitive than in previous editions,” he noted.

“The expansion to 16 teams, has provided more countries with the opportunity to compete at the highest continental level, and we are seeing less of the traditional gap between the established powers and the emerging teams.

The results and performances have shown that African women’s football is becoming increasingly competitive.

“Overall, I would say the tournament is competitive, entertaining and increasingly difficult to predict. Which is exactly what you want from a major continental championship.

“The fact that Nigeria, despite being the defending champions and the most successful nation in WAFCON history, had to fight hard to reach the quarterfinals is itself evidence of how competitive the women’s game in Africa has become,” Thomas remarked conclusively.

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Recapitalisation: NAICOM Revokes Royal Exchange Prudential Life Insurance License

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BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission (NAICOM), has revoked the certificate of registration for Royal Exchange Prudential Life Insurance PLC  over its failure to meet the statutory minimum capital requirement under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

The cancellation, which took effect on Plc August 3, 2026, The regulator also ordered the immediate winding up of the firm’s operations.

The action was executed under the legal powers granted to the regulatory authority by the Nigerian Insurance Industry Reform Act (NIRA) 2025.

According to a notice signed by Deputy Commissioner (Technical) Decent Jankara, titled “Notice Of Cancellation Of Certificate Of Registration Of Royal Exchange Prudential Life Insurance Plc”, the regulator appointed Titilayo Akinlawon (SAN)as Receiver and Provisional Liquidator to oversee the winding up of its affairs.

The notice added that “The appointed Receiver is mandated to take control of the company’s affairs, liquidating its assets and settling its outstanding liabilities in strict accordance with NIRA 2025 regulations and extant insurance guidelines.”

“Relevant stakeholders and financial institutions have been instructed to cooperate fully with the Receiver during the official takeover and winding-up proceedings.”

This development comes days after NAICOM announced the completion of the insurance sector recapitalisation exercise and published a list of 43 insurance and reinsurance companies that met the July 31, 2026 compliance deadline.

The post Recapitalisation: NAICOM Revokes Royal Exchange Prudential Life Insurance License appeared first on Business Today NG.

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