News
Gun Battle In Oyo Forest As Police Disrupt ₦10m Ransom Collection Plot

There was a gun battle in a forest in Oyo State on Wednesday after operatives of the Nigeria Police Force disrupted an alleged ₦10 million ransom collection operation by a suspected kidnapping gang in Otefon Village Forest, Atiba Local Government Area.
The operation, carried out by the Oyo State Police Command in collaboration with the Vigilante Group of Nigeria (VGN), led to the arrest of one suspect while other members of the gang escaped with suspected gunshot injuries.
According to a statement issued by the Command, on Thursday, credible intelligence was received in the early hours of 13 May 2026 that suspected kidnappers had gathered in the forest to receive ransom for a victim they had abducted earlier.
Acting on the intelligence, the Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbemiga, directed operatives of the Anti-Kidnapping Squad (AKS) in the Oyo/Iseyin axis, alongside local security operatives, to storm the area and intercept the suspects.
READ ALSO:Gunmen Kidnap Businessman In Ibadan
Preliminary investigation showed that the gang of about six armed men had, on 9 May 2026, invaded the residence of one Alhaji Bagudu in Ilowa Village, Atiba Local Government Area, and abducted him, demanding ₦10 million as ransom.
The police said operatives first ensured the safe release of the victim before advancing towards the suspected ransom collection point to apprehend the criminals.
However, upon sighting the advancing security team, the suspects opened fire, triggering a gun duel in the forest. The exchange forced the gang to flee into surrounding bushes with suspected gunshot wounds.
One of the suspects, identified as Mohammed Sanni, was arrested at the scene.
READ ALSO:Seven Killed, 60 Injured in Ogun, Kano Road Crashes
Items recovered include a motorcycle, a mobile phone, a pair of slippers and a cap, all of which are currently undergoing forensic examination.
The Command said the arrested suspect had already made useful confessional statements, while efforts were ongoing to track down other fleeing members of the gang.
Residents were urged to remain vigilant and report individuals with suspicious injuries or movements to the nearest police formation.
The Commissioner of Police commended the operatives and their collaborators for the successful operation and reaffirmed the Command’s commitment to sustained action against kidnapping and violent crimes across the state.
(GUARDIAN)
News
Six Corps Members Receive N10m Grants To Boost Agribusiness

Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.
The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.
Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.
Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.
READ ALSO: NYSC Swears In 1,600 Corps Members In Bauchi
He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.
“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.
The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.
Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.
READ ALSO: NCCSALW Deploys NYSC Members In Fight Against Illegal Arms In Northeast
She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.
According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.
Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.
She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.
The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.
“We are happy with our collaboration with the NYSC, and it will continue,” he said.
READ ALSO: NYSC Lauds Gov. Mohammed’s Intervention In Fence Collapse
Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.
He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.
He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.
According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.
News
CBN Reduces Interest Rate To 23%

The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.
Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.
According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.
READ ALSO: CBN Monetary Tightening Worsening Nigeria’s N50tn Development Finance Gap – Group
Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.
According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.
“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”
News
NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.
The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.
The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.
According to the post, the two union leaders have resolved their differences after years of strained relations.
READ ALSO: Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo
“After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.
The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.
“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.
The post also described the meeting as a significant step beyond previous public displays of reconciliation.
READ ALSO: FG Gives KWAM 1 Aviation Appointment, After Airport Incident
“This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”
Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.
“Both parties are delighted about the new development,” the post said.
The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.
News3 days agoBREAKING: Tinubu Extends Working Vacation
News4 days agoSix Hidden Health Benefits Of Unsweetened Zobo
News4 days agoJehovah’s Witnesses Announce New Position On Blood Transfusion Policy
News4 days ago2027: Step-by-step Guide To Applying For INEC Ad Hoc Staff Recruitment
News4 days agoHow 36 Nigerian States Got Their Names
Headline4 days agoNigerian Man Jailed After Masturbating In Front Of Woman On UK Train
Headline3 days agoHow To Format An Academic CV For US Master’s, PhD Applications
News4 days agoStop Acid Reflux Pain: Foods You Must Ban From Your Kitchen
Headline4 days agoNigerian Woman Arrested, Charged Over Illegal Voting In US
News4 days ago[OPINION] Wike-APC: Fights Always End Adultery
















