news
Update : $32 million fraud: Princess Toyin Kolade debunks allegation, fault detractors’ pull down tactics
With the current story making the round about seasoned businesswoman Princess Toyin Kolade, Iyalaje Oodua, the head honcho of Fisolak Global Resource over an alleged fraud case relating to her client, the business woman has distanced herself from the said case, claiming she has been exonerated in the past but the Police Special Fraud Unit, SFU over the years.
The report claimed that she and her company is currently enmeshed in some fraudulent act but to set the records straight, she averred that; she was contacted by the said foreign national to clear some goods for them which she did and got paid for the services her company rendered.
The said Indian nationals who supposedly got loans from the bank at no point involved Princess Toyin in their dealings and whatever transpired between the Indian nationals and the bank is not in anyway her concern. As we speak, the Indians forfeited their properties and other valuables which the bank sold to recover their debt they have also left the country.
The philanthropist also disclosed that; “I am never a fraudulent nor dubious person and those who know me well can attest to the fact. I have been audited and exonerated by the Police Special Fraud Unit whom after thorough investigation found out that the issue had nothing to do with me. They wrote to me and my company in person and pleaded. The case ended more than 5 years ago. It was recently revisited and they are still attaching me and my company to the legal process which should originally not be so. I am just clearing agent who only worked for the accused and got paid. I keep records and I have the documents still intact till date for records purpose. So the unnecessary clamor for my detractors to exploit this avenue to make disparaging comments and unfound assertions about me is uncalled for. The said story is being syndicated by an individual with questionable character who feels intimidated by my numerous achievements ever since I was conferred with the title as Iyalaje Oodua by the Ooni Of Ife.”
“The more they throw their punches it won’t still get to me. I know the person behind it and I pray they heal very fast and come to bear in mind that who God has blessed no man can curse. I am a moving train and I am not intimidated nor perturbed by the lingering rumors. They are all lies from the pit of hell. I am not a fraudster. I work hard for my money. I have instructed my lawyer to take a legal action against those responsible for the inclusion of my name in this issue when the court finally exonerate me.”
Thorough findings further confirmed that the mischievous report flying about town was just concocted based on the unavoidable absence of her lawyer, Barr. Olapade Awowole, who couldn’t make it to the court on Thursday, 4th of November.
However, the legal counsel, Awowole had reiterated his determination to attend the court proceeding tomorrow, 9th of November to get his client’s name off the mess.
news
Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway
![]()
The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.
The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.
In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.
The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.
According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.
He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”
Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”
The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.
The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.
Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.
The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.
Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.
The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.
Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.
He said the highway would serve as a critical driver of development and improve long-term economic productivity.
Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.
news
BREAKING: Faleke Obtains Tinubu’s Presidential Nomination Forms
![]()
(L-R): Founder of Tinubu Support Group, James Faleke; APC National Organising Secretary, Suleiman Argungu; and other APC officials during the presentation of nomination and expression of interest forms to Faleke for President Bola Tinubu in Abuja on Tuesday.
The lawmaker representing Ikeja Federal Constituency, James Faleke, has picked up the All Progressives Congress Expression of Interest and Nomination forms on behalf of President Bola Tinubu ahead of the 2027 presidential election.
The APC National Organising Secretary, Suleiman Argungu, on Tuesday in Abuja, declared the process open and presented the Expression of Interest and Nomination forms to Faleke, who also serves as the founder of the Tinubu Support Groups.
Faleke’s collection and payment for the forms, valued at N100 million on behalf of the President, formally signal the commencement of Tinubu’s bid for re-election.
The Independent National Electoral Commission has scheduled the Presidential and National Assembly elections for Saturday, January 16, 2027, while governorship and State Houses of Assembly elections will hold on Saturday, February 6, 2027.
The commission also announced that party primaries, including the resolution of related disputes, will run from April 23, 2026, to May 30, 2026.
INEC further stated that campaigns for the presidential and National Assembly elections will begin on August 19, 2026, while those for governorship and state assembly elections will commence on September 9, 2026
news
Gbajabiamila Endorses Hamzat, Says Lagos Is in Safe Hands
![]()
The Chief of Staff to President Bola Ahmed Tinubu, Femi Gbajabiamila, has assured Lagos State Deputy Governor, Kadri Obafemi Hamzat, of his support in securing the All Progressives Congress (APC) governorship ticket ahead of the 2027 election.
Gbajabiamila, a former Speaker of the House of Representatives, gave the assurance on Sunday, describing Hamzat as competent and well-suited to lead Lagos State.
He stated that the state would be in safe hands under Hamzat’s leadership.
Hamzat had visited Gbajabiamila at his Surulere residence in Lagos as part of consultations with party stakeholders over his governorship ambition.
Responding, Gbajabiamila commended Hamzat’s capacity and approach, expressing confidence in his ability to govern the state effectively.
“Dr Hamzat, you are a man of honour, and it shows in your approach to consultations. But I say this publicly—you can take my support for granted because I have full confidence in your ability and capacity. My constituency, Surulere, is for you, and Lagos is for you,” he said.
In his remarks, Musiliu Obanikoro, a member of the Governor’s Advisory Council (GAC), briefed the host on the extent of consultations carried out so far.
“I can confidently inform the Chief of Staff that the level of endorsement has been overwhelming,” he said.
Other members of the delegation included the Secretary of the GAC, Alhaji Muti Are, Senator Ganiyu Olanrewaju Solomon, Hon. Bode Oyedele, Engineer Adekunle Olayinka, Dr. Hakeem Shittu, Hon. Saheed Kekereekun, Dr. Jebe, and Hon. Rasaq Ajala, among others.
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment1 year agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
news11 months agoBREAKING: Tinubu swears in new NNPCL Board