News

Obaseki Takes Steps To Tackle Price Hike In Edo, Meets, Trade Unions, Other Stakeholders

Published

1 year ago

February 26, 2024

The Edo State Governor, Mr. Godwin Obaseki, is taking steps to combat the current hike in food prices in the State, urging for the collaboration and support of all stakeholders to proffer lasting solutions to the incessant price surge and guarantee better welfare for the people of the State.

Obaseki met with relevant stakeholders including market associations, traders, and farmers’ unions, among others, at the Urhokpota Hall, in Benin City, to chart actionable measures to address the rising cost of living, particularly food prices in the State.

He said, “I called this meeting because of the cost of living in Nigeria as things are hard, especially the prices of food. The people can’t eat anymore and as an administration, we can’t just keep quiet but to act.”

Obaseki continued: “We have called this meeting to see how to solve this problem as trading blames will not lead to any solution to the serious challenges we are facing. All problems have solutions, and we are here to discuss and see how to solve this high price hike challenges facing us.

“You said trade unions are people fixing prices, but I don’t know how they work to achieve that in the market. I want to know how they fix prices. I thought it was demand and supply that controlled the prices.

“If we say unions are the problem then we must look at the unions and their activities and how to control them. We must set up a committee to check and look at the activities that lead to price hike. The committee will help us know if they are doing anything against the law.”

Obaseki noted, “This meeting shows that bad road has a role to play in price increment in our markets. I have been begging the Federal Government to help repair and fix the Ekpoma/Auchi Road since when Babatunde Fashola was Minister for Works but no results till now. I appeal to them to ensure contractors complete the road which has been on for over 30 years. I have approached Dangote and BUA to support us in doing the bad portion of the road because their trucks ply that route.”

Speaking on the measures put in place to address the hike in food prices, the Governor stated that his administration will support farmers to expedite efforts towards increased local production of food crops in the State.

The governor also promised to ensure adequate security for farmers to enable them to continue with their farming activities, while also reassuring the farmers that the government will fix their tractors and send them to their various local government councils to help them prepare for the 2024 farming seasons.

Earlier, Solomon Idiogbe, representative of the Edo Civil Society Organization appealed to the governor to help check the activities of Unions across various markets in the State as they significantly contribute to the rising cost of goods and services in Edo.

Also, Edo State Market Women Association leader, Madam Blackky Ogiamien, commended the Governor for his administration’s commitment to the welfare of Edo citizens, particularly in the area of security.

Also in attendance were: Secretary to Edo State Government, Osarodion Ogie Esq.; Commissioner for Business, Trade and Cooperatives, Hon. Patrick Uanseru; Commissioner for Agriculture and Food Security, Hon. Stephen Idehenre; Commissioner for Public Safety and Security, Hon. Kingsley Uwagbale; Managing Director, Edo State Investment Promotion Office (ESIPO), Mr. Kelvin Uwaibi; Oredo Local Government Council Chairman, Dr. Tom Obaseki; Ovia South West Local Government Council Chairman, Engr. Edosa Enowoghomwenma; amongst others.

Other critical stakeholders in the food and services value chain present at the meeting include the Tomatoes Sellers Association, the Benin Chamber of Commerce, Hotel owners, Barbing Saloon Association, Building Materials Association, Market Women, Food Stuff and Cattle Dealers Association, Edo branch of the NURTW, Arewa traders and marketers co-operative, amongst others.

News

Peter Obi’s Son, Oseloka, Speaks On Gay Allegations

Published

3 hours ago

August 23, 2025

Editor

Oseloka Obi, son of the 2023 Labour Party presidential candidate Peter Obi, has responded to viral allegations linking him to homosexuality after photographs of him with London-based British-Nigerian Kent Okwesa, circulated online this week.

The pictures, which emerged on Wednesday, showed Oseloka and Okwesa sitting closely at a restaurant in the United Kingdom, sparking a wave of online speculation and gossip.

In a detailed statement, Oseloka dismissed the rumours as malicious falsehoods driven by his father’s involvement in Nigerian politics.

He noted that while he rarely responds to such narratives, the persistence of gossip and unfounded claims made it necessary to address the matter.

“Because of my father’s involvement in Nigerian politics, there has been a persistent curiosity and, at times, malicious obsession with me.

“I have no social media presence and no interest in maintaining one, so I rarely correct these falsehoods. But perhaps it is time I address them,” he wrote.

Oseloka stressed that the photos of him in circulation were being misrepresented, insisting they were ordinary snapshots with friends and colleagues.

“The truth is simple: Peter Obi’s son appears in photos with his friends and colleagues, nothing more. If people wish to invent otherwise, I hope they sleep soundly knowing they are spreading lies,” he added.

He further emphasised that neither he nor his father is perfect, but attested to his father’s integrity and commitment to Nigeria’s future.

“My father has my vote, not because he is my father, but because he is the right man for the job. If others wish to go low, invent scandals, or attack me to wound him, they are free to do so. But we will go high, and we will continue to focus on the future of Nigeria.”

Concluding, Oseloka urged Nigerians to redirect their attention from idle gossip to the pressing socio-economic challenges facing the country.

Read the full statement below:

News

FULL LIST: PenCom Bars Seven Mortgage Banks From Processing Housing Loans

Published

4 hours ago

August 23, 2025

Editor

The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing applications under the pension-backed equity contribution scheme for residential mortgages, citing their non-compliance with housing loan guidelines.

In a letter published on PenCom’s website, addressed to Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), the organisation instructed them to immediately stop accepting or processing equity contribution applications submitted through the affected institutions.

The blacklisted mortgage banks are:

• Jigawa Savings & Loans Limited

• FHA Mortgage Bank Limited

• Delta Trust Mortgage Bank Limited

• AG Mortgage Bank Limited

• Infinity Trust Mortgage Bank Pic

• First Trust Mortgage Bank Limited

• Mutual Alliance Mortgage Bank Limited

“Following the cited letter, the commission instructs that PFAs, including Closed Pension Fund Administrators and Pension Fund Custodians, immediately stop accepting or processing equity contribution applications submitted by the following Primary Mortgage Banks… Please be guided,” the circular read in part.

Explaining the decision, PenCom’s spokesman, Ibrahim Buwai, told The PUNCH that the sanction was imposed because the affected institutions failed to generate the mortgages for which funds had been approved.

“The whole purpose of giving access to RSA holders is to enable them to own houses through mortgages,” he said. “It was discovered that some of the primary mortgage institutions were not generating mortgages. If that is the case, it means they are not complying with the regulations. That is the reason for their blacklisting.”

PenCom introduced the equity contribution for residential mortgages in September 2022, allowing Retirement Savings Account (RSA) holders to withdraw up to 25 per cent of their balances to fund equity contributions for home ownership.

According to the commission, 24,582 RSA holders had accessed the scheme as of the first quarter of 2025, with disbursements totalling ₦149.84bn.

RSA holders who submitted applications through the barred mortgage banks are now advised to reapply with other eligible PMBs. Those who have made upfront payments were urged to contact the affected institutions for the next line of action.

News

VIDEO: How ‘Close Friend’ Leaked Cat Secret To Security During My House Invasion — Sunday Igboho

Published

5 hours ago

August 23, 2025

Editor

Yoruba Nation agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has opened up again on the July 1, 2021 midnight invasion of his Ibadan residence by security operatives, including the Department of State Services (DSS).

Speaking during a visit to the Olowo of Owo, Oba Ajibade Gbadegesin Ogunoye III, at his palace in Ondo State, Igboho alleged that the attack was carried out with the intent to take his life.

“When my house was invaded, they wanted to kill me but failed. Some said my intestines were shattered, others said my leg was broken, but there was nothing of such. They fired guns at me very well, but the prayers of you my fathers on me were answered.”

According to him, the DSS operatives forcefully gained entrance into his residence and pointed a gun at his Personal Assistant so he could lead them to his room.

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Death of cat after friend’s betrayal

While recalling the invasion, Igboho said one of his trusted friends betrayed him by leaking sensitive information about his cat to the operatives.

He disclosed that the so-called ‘trusted’ friend had told the agents not to let the cat escape, which led to the security operatives killing the animal.

“When I opened the door of my room for them, they saw my cat on the bed. One of my friends that I entrusted with secret had told them not to let the cat go. So they killed the cat and wrapped it with clothes like a corpse. They destroyed everywhere in the house and killed one of my brothers alongside one other person and they left,” he narrated.

Appeal to the Olowo

Speaking at the palace of the Olowo, Igboho said his absence from the country had lasted about five years and that he was eager to return to contribute to tackling insecurity in the South-West.

“But why I came to meet you Kabiesi is that till when will I be doing that. Nigeria is my motherland. This is about five years since I’ve been chased from here. Tinubu is your son, you can convince him to free me. If not for the wanted tag on me, I would have come to Nigeria to face the insecurity facing the South-West region. I would have entered the bush and faced them,” Igboho pleaded with the monarch.

Monarch’s response
In his response, Oba Ogunoye described Igboho as a beacon of hope for his generation and future ones, urging him not to be discouraged by the challenges he has faced.

The monarch enjoined Igboho and his supporters to remain law-abiding amid ongoing challenges.

He assured him of continued support and called for peace and cooperation across South-West communities, noting that no region can achieve sustainable development without security.
(TRIBUNE)