News

Wike-backed PDP faction inaugurates new exco in Sokoto

Published

5 months ago

June 14, 2026

A faction of the Peoples Democratic Party, PDP, in Sokoto State aligned with the Minister of the Federal Capital Territory, Nyesom Wike, has inaugurated a new state executive committee ahead of the 2027 general elections.

The new executives emerged during a congress in Sokoto supervised by officials from the PDP National Secretariat and representatives of the Independent National Electoral Commission, INEC.

Leader of the delegation, Abubakar Bawa-Kalgo, described the exercise as transparent and conducted in line with the party’s constitution.

He also dissolved the state caretaker committee before inaugurating the newly elected officials and urged them to remain accountable and committed to their responsibilities.

The new executive committee is headed by Hayatu Tafida as State Chairman, with Ahmad S. Fawa as Secretary, Bello Bashir as Treasurer, Abdulkadir Gidadawa as Youth Leader, Murtala Muhammad as Auditor, Hadiza Abubakar as Women Leader and Buhari Sidi-Attahiru as Publicity Secretary.

Speaking at the event, PDP governorship candidate Abubakar Abdullahi congratulated the new officials and urged them to work for the growth of the party in the state.

Abdullahi also challenged members of the faction led by Tanimu Turaki to stop presenting themselves as the legitimate leadership of the party, arguing that the convention which produced them had been nullified by the Supreme Court.

“How can a group invited to convene a national convention in a state previously governed by one of its members continue to claim the leadership of our party after the Supreme Court nullified the convention?” he queried.

Also speaking, PDP National Organising Secretary Umar Bature called for unity among members to strengthen the party’s chances in Sokoto State but insisted that the rival faction lacked legal recognition.

“I call on those claiming to be the leaders of PDP in Sokoto to stop doing so. You should shut that office to avoid impersonating the legitimate party leadership,” he said.

In his acceptance speech, the newly inaugurated State Chairman, Hayatu Tafida, thanked party members for the confidence reposed in him and pledged to work diligently to advance the party’s interests in the state.

News

NPFL: VAR Is Not A Luxury, Technology Is Taking Over – Avonda Richard

Published

38 minutes ago

November 7, 2026

PlateauReports

WhatsApp Image 2026 11 06 at 8.02.51 PM.jpeg

Avonda Richard, an ardent supporter of the Nigerian Premier Football League (NPFL) based in Ogba, Lagos State, has called for the introduction of Video Assistant Referee (VAR) technology in the domestic league, insisting that Nigeria must embrace modern football technology to improve officiating and strengthen the credibility of its football competitions.

Speaking during Sports247’s Let’s The Fans Talk programme, Richard expressed concerns over the standard of refereeing in Nigerian football, acknowledging the efforts of match officials while pointing out the challenges affecting their performance, particularly inadequate training and facilities.

“To be honest, the Nigerian officiating sometimes is really, really poor. But I must also give it to them; they are trying their best,” Richard said.

He argued that some referees lack the necessary professional training and access to adequate facilities to prepare them for the demands of the game, stressing that officiating should be treated as a serious profession that requires proper development and continuous education.

Richard maintained that introducing VAR into the NPFL would help reduce officiating errors and bring Nigerian football closer to the standards of other competitive leagues.

“VAR is not a luxury because technology is taking over. So VAR is something that Nigeria needs to introduce in the Nigerian Premier League,” he stated.

Beyond the introduction of technology, Richard also called for improved television coverage of the domestic league, noting that Nigerian football deserves greater visibility and should be accessible to supporters in the same way they follow major European competitions.

“We should be having a Nigerian professional league that people can watch, just like when we watch Premier League, Italy and Germany on the screen,” he added.

He believes that increased broadcast coverage would attract more attention to the NPFL, create greater awareness among football supporters and encourage accountability within the league.

Richard’s comments highlight the growing conversation around the need for improved refereeing standards, investment in modern technology and greater visibility for Nigerian football as the NPFL continues to seek stronger recognition within African football.

Business

CBN issues regulations for non-security virtual assets, effective November 5,

Published

1 hour ago

November 7, 2026

PlateauReports

BY NKECHI NAECHE-ESEZOBOR—The apex regulator, the Central Bank of Nigeria (CBN) on Friday issued regulations for the Operations of Non-Security Virtual Assets in Nigeria, setting out a framework for licensing, regulating and supervising stablecoins, virtual asset service providers and related activities.

According to a circular to virtual asset service providers and stakeholders in the financial services industry, the apex bank said the regulations are meant to promote responsible innovation, strengthen the integrity of the Nigerian financial system and provide an appropriate framework for emerging digital payment instruments.

The CBN said the regulations are issued under the CBN Act, 2007, the Banks and Other Financial Institutions Act, 2020, and other applicable laws. It described them as a comprehensive, risk-based framework covering the licensing, authorisation, regulation, supervision and oversight of non-security virtual assets in Nigeria.

The framework covers stablecoins, Deposit Money Tokens, virtual asset service providers, virtual asset payment services, platform-facilitated peer-to-peer services, and custody, transfer, remittance, clearing and settlement activities.

The regulations also set requirements on the classification and designation of regulated tokens and activities, and on the licensing of issuers and providers of non-security virtual asset services. Other areas covered include capital, reserve-backing, liquidity and redemption; corporate governance, risk management and internal controls; and technology risk, cybersecurity and operational resilience.

They further address the safeguarding of reserve and customer assets; customer protection, disclosures and complaints management; and anti-money laundering, counter-terrorist financing and counter-proliferation financing obligations. Sanctions screening, transaction monitoring, blockchain analytics, Travel Rule compliance, counterparty due diligence, regulatory reporting, supervisory access, information sharing, enforcement, administrative sanctions and orderly wind-down arrangements are also included.

The CBN said the regulations apply to persons carrying out regulated activities in or from Nigeria, those directing such activities at persons in Nigeria, and those whose activities may materially affect the country’s payments system, financial system, foreign exchange market or financial stability. They may apply whether or not the person has a physical presence in Nigeria.

The apex bank said the regulations do not displace the statutory mandate of the Securities and Exchange Commission or any other competent authority. Activities involving security virtual assets, securities, investment contracts or other capital-market products remain subject to the capital-market regulatory framework. Where an activity involves both non-security virtual assets and matters under another authority’s mandate, approvals must be obtained from each competent authority.

All affected institutions, issuers, service providers, operators, promoters and other stakeholders are required to familiarise themselves with the regulations and comply fully with the applicable requirements.

The regulations take effect from November 5, 2026. The circular was issued by the CBN’s Payments System Policy Department.

The post CBN issues regulations for non-security virtual assets, effective November 5, appeared first on Business Today NG.