News
World Teachers’ Day: Jubilation As Obaseki Adds Extra Half-month Bonus To 13th Month Salary
Published
2 years agoon
By
Editor
…says they are building foundation for Edo greatness
Governor Godwin Obaseki of Edo State has promised to pay teachers in the state an extra half-month bonus in December, in addition to the 13th-month salary to be paid to all workers in the State, as part of gifts to celebrate the teachers on the occasion of this year’s World Teachers’ Day.
Obaseki made the promise while addressing the teachers during an event to mark the day in the State, with the theme, “The teachers we need for the education we want,” held at the Conference Hall of Teachers House in Siluko Road, Benin City.
Commending the teachers for their role in societal development, Obaseki promised to ensure better welfare for the teachers, providing them with the skills, tools, and other incentives to effectively deliver on their roles in society.
The governor said: “Teachers say I should give them palliative or gift for today. I have already promised all workers in Edo State that you will get your 13th month salaries this year. What I will add as a gift to celebrate the teachers because of the World Teachers Day celebration is that all the teachers will get an additional half-month bonus.”
Acknowledging the teachers for supporting the government’s reforms in the education sector, which has made Edo a model State in tackling learning poverty, the governor noted, “With the transformation we have taken in basic education, Edo is now a model to be copied globally as the world is asking us how we did it. I tell them anywhere I go that my teachers are the ones who did it.
READ ALSO: World Teachers’ Day: ‘There Is Acute Teachers Shortage In Our Schools,’ Edo NUT Laments
“Edo children are no longer known for learning poverty. The world is talking about EdoBEST. Learning poverty is when a child that is up to 10 years old can’t read a complete sentence or write. We say such a child is suffering from learning poverty.
“As a government, we owe our teachers in the State and are grateful to them for what they are doing for the future of Edo State as the children they teach are the future of the State. Our teachers are building the future of Edo State, which is human resources.”
He continued: “I recall in 2018, I told the teachers that we have to do something and transform the education sector in Edo. But the problem we had in the past was that of trust because of failed promises over the years.
“But in six years, my administration has been able to build trust which is the foundation of anything in life. With trust, we have changed the landscape of education in Edo State. We still have challenges and problems to solve but they are not unique to us. We have done our best to improve in the sector.
“Teachers are the anchor of EdoBEST reforms. You have done well for our children and the reforms are far-reaching as people are coming into the State to learn how we did it. Our doors are open for them to learn how we have achieved what we have achieved.”

A cross section of teachers at the event
READ ALSO: Edo 2024: Why I Am Aspiring On The Platform Of LP – Akpata, Ex-President, NBA
Describing the theme of the celebration as apt, the governor further stated, “We believe we have already started grooming the teachers we want that will help us fulfill the educational vision we want for our future leaders.
“We have equipped our teachers in the basic schools with technological devices to enhance teaching. We have laid 2,000km of fiber optic connection across the local governments in Edo State and our plan is to connect every school and empower more teachers to give better education and information to our students.
“We will build on what we have started and pray we get a successor that believes in education and the teachers to keep the sector moving.”
Noting efforts by the government to address teachers’ shortage, Obaseki said, “The EdoSTAR programme was started to discontinue the situation where just anybody teaches our children rather than trained teachers.
“Today we have 4,500 fellow star teachers and we pay them N40,000 and observe them before finally recruiting them into the mainstream of the education sector. We will continue to address the issue of insufficient teachers in our schools.”
On his part, the Chairman of Nigeria Union of Teachers (NUJ), Edo State Chapter, Bernard Gbenga, said the World Teachers Day celebration is set aside yearly to celebrate, appreciate, recognize, and reward teachers for their contributions to the education sector and development of society.
He further commended the governor for prioritising the welfare of the teachers in the State, and taking deliberate steps to revamp and strengthen the education sector.
You may like
Alleged N95bn LG Fraud: Edo To Prosecute Obaseki, PDP Leaders, Others, Says Okpebholo
Okpebholo Inherited N682bn Debt From Obaseki Govt – Committee
Investigate Alleged Plan By Obaseki To Sell, Convert N100bn Okomu, Presco Bonds, Shareholders Urge Okpebholo
Ededuna Obaseki Descendants Commemorate 85yrs Of Father’s Departure, Thank Individuals
Descendants Of Ededuna Obaseki Felicitate Benin Monarch On Igue Festival
Obaseki Govt Left ₦200bn Contractual Debts – Edo Verification Committee
News
DMO Unveils July FGN Savings Bond As CBN Offers N250bn In Treasury Bills
Published
3 hours agoon
July 10, 2025By
Editor
In a bid to attract retail investors and deepen domestic participation in government securities, the Debt Management Office (DMO) has announced the July 2025 issuance of the Federal Government of Nigeria (FGN) Savings Bond. The offering includes a 2-Year bond maturing on July 16, 2027, with an attractive annual interest rate of 15.762 percent, and a 3-Year bond maturing on July 16, 2028, with a higher yield of 16.762 percent per annum.
The FGN Savings Bond is specifically tailored for retail investors, offering an accessible and low-risk opportunity to earn fixed returns while supporting national development. The offer window is expected to remain open for a week, giving Nigerians across various income brackets the chance to participate.
Simultaneously, the Central Bank of Nigeria (CBN) is set to hold its first Treasury Bills (T-bills) Primary Market Auction (PMA) for the month today, July 9, 2025. The CBN aims to raise a total of N250 billion across the three standard maturities: N100 billion in 91-day bills, N20 billion in 182-day bills, and N130 billion in 364-day bills.
READ ALSO:DMO To Auction N350bn FGN Bonds At N1,000/Unit
T-bills remained a preferred short-term investment vehicle for institutional investors, banks, and corporates, offering liquidity and risk-free returns. This auction comes at a time when interest rates remain elevated, reflecting ongoing monetary tightening to curb inflation and stabilize the naira.
Together, the DMO and CBN offerings highlight the government’s strategy to manage public debt sustainably while providing diverse options for investors. Market analysts anticipate robust demand, especially for the longer-tenor instruments, as investors seek to lock in high yields amid economic uncertainties.
News
Court Slams €1m Damages Against Union Bank Over Breach, Negligence
Published
3 hours agoon
July 10, 2025By
Editor
…Awards N50m damages in favour of NICON Investment Ltd
…Union Bank heads to Appeal Court
A High Court of Lagos State has slammed £1 million in damages against Union Bank Plc for negligence and breach of its fiduciary duties to NICON Investment Limited.
Delivering judgment on Wednesday in a suit marked LD/1074/2010 filed by NICON Investment Limited against Union Bank, Justice O. Abike Fadipe held that NICON Investment Limited (Claimant) is a duly registered and incorporated limited liability company operating a fixed deposit account with the Union Bank (Defendant) payable with interest on demand.
The court held in the judgment that the sum of £130,720,557.06 stands to the credit of NICON Investment Limited in its fixed deposit account domiciled with the Union Bank as of April 30, 2010.
Justice Abike-Fadipe further held in the judgment that the unilateral conversion of the claimant’s £130,720,557.06 to US dollars without the due authorization or mandate of the claimant is wrongful, null and void.
According to the judge, “The defendant bank’s unilateral act of converting the fixed deposit of the claimant from British Pounds Sterling to US Dollars and Dollars to Naira is unauthorized and is null and void.”
READ ALSO:Court Adjourns Defamation Case Against Anambra Businessman
The Judge agreed that the Pounds Sterling fixed deposit account of the Claimant is not tied to the indebtedness of Global Fleet Oil and Gas Limited or meant in any way or manner whatsoever to provide security for the said debt.
The court held that the bank’s unilateral use of part of the claimant’s £130,720,557.06 to liquidate Global Fleet Limited’s debt without the mandate of the Claimant is wrong, null and void.
Consequently, the court awarded the sum of N50 million to the Claimant against the defendant as damages for unlawful deduction and illegal penalties and charges made on the account of the Claimant by the bank.
It directed the bank to avail the claimant with its statement of account of the fixed deposit account as well as reconciliation of same from inception till date and that the bank should also render an account of all transactions on the claimant’s Pounds Sterling fixed deposit account together with all accrued interest thereon.
The court went ahead and made an order setting aside all acts of the bank pertaining to or connected with and affecting the claimant’s Pounds Sterling fixed deposit account, vis-à-vis its conversion to US Dollars, Naira and unilateral liquidation of the indebtedness of Global Fleet Limited and NICON Investment Limited from the said account.
READ ALSO:Court Dissolves Marriage On Couple’s Agreement
Justice Abike-Fadipe dismissed the defendant’s counterclaim in its entirety with a cost awarded to the claimant and the third defendant to the counterclaim severally in the sum of N10 million, respectively.
NICON Investment Limited had, in its case, asserted that it maintained a banker /customer relationship with the defendant, who operated a British Pound Sterling fixed deposit account with the Bank. The court also ordered an interest of 5 percent per annum from May 2010 that was used to fully liquidate the second defendant to the first counterclaimant’s debt (Global Fleet Oil and Gas Limited).
Meanwhile, Union Bank of Nigeria Plc has announced that it has instructed its legal team to immediately appeal a recent court ruling that could result in a liability exceeding N400 billion plus accrued interest.
The case involves NICON Investment Limited, Global Fleet, and business mogul, Senator Jimoh Ibrahim.
In a statement released on Wednesday, the bank acknowledged the judgment of Justice Abike Fadipe of the Ikeja High Court, which found the bank liable in a matter concerning the disputed deposit agreement.
READ ALSO:My Wife Goes Clubbing At Will, Cares Less That She’s Childless, Man Tells Court
The statement, signed by Mrs Olufunmilola Aluko, Chief Brand and Marketing Officer of Union Bank, emphasised the institution’s commitment to professionalism, ethical conduct, and legal compliance.
“While we respect the authority of the court, we strongly disagree with the judgment delivered and have instructed our lawyers to file an appeal against it immediately,” the bank stated.
The bank expressed concerns over several aspects of the judgment, including the court’s findings on consolidation of indebtedness, locus standi, and third-party liability, which it says run at a conflict with established legal principles and its understanding of the facts.
“We are confident in our legal position and intend to vigorously pursue all lawful avenues to ensure justice is served. Union Bank had previously transferred the relevant debt obligations to the Asset Management Corporation of Nigeria (AMCON), and we maintain that all actions taken in this regard were in line with applicable laws and sound banking practice.”
READ ALSO: Mobile Court On Standby, As Street Traders Clash With Kwara Govt
The bank also reaffirmed its commitment to safeguarding stakeholder interests and upholding the integrity it has built over its more than 100-year history.
The case took a dramatic turn when the Federal High Court in Lagos ordered Union Bank to refund £137 million (approximately N400 billion) to NICON Investment Limited, along with 5 percent annual interest accrued over 14 years.
The judgment was seen as a significant legal victory for Senator Ibrahim, who currently represents the Ondo South Senatorial District.
The court ruled that Union Bank had failed to honour the terms of the long-standing deposit agreement, leading to the monumental judgment.

The Joint Admissions and Matriculation Board (JAMB) has announced the top ten candidates in the 2025 Unified Tertiary Matriculation Examination (UTME), with the highest score recorded as 375 out of a possible 400.
Contents
1. Okeke Chinedu Christian – Score: 375
2. Ayuba Simon-Peter John – Score: 374
3. Abdulmalik Olayinka Jimoh – Score: 373
4. Roberts Ayibo Damiete – Score: 373
5. Ononugbo Chibueze Chigozirim – Score: 373
6. Olawepo Tunmise Gertrude – Score: 373
7. Afenitan Leslie Ofeoritse – Score: 373
8. Azoyenime Samuel Chukwuemeka – Score: 372
9. Oyebode Emmanuel Oluwapelumi – Score: 372
10 Omigie Cecil Osaigbovo– Score: 372
Tribune Online reports that while speaking at the 2025 Policy Meeting on Admissions held in Abuja on Tuesday, JAMB Registrar, Prof. Ishaq Oloyede, said the best-performing candidate, Okeke Chinedu Okeke from Anambra State, scored 375 and chose the University of Lagos (UNILAG) to study Mechanical Engineering.
Oloyede disclosed that the second highest scorer, Ayuba Simon-Peter John from Gombe State, secured 374 and selected Afe Babalola University, Ado-Ekiti (ABUAD), also opting for Mechanical Engineering.
READ ALSO: UTME Resit: 200,000 Score Above 200
Abdulmalik Olayinka Jimoh from Kwara State followed closely with a score of 373. He also picked UNILAG and chose Mechanical Engineering.
The full list of the top ten scorers in the 2025 UTME as released by JAMB is as follows:
1. Okeke Chinedu Christian – Score: 375
State of Origin: Anambra
Gender: Male
Institution of Choice: University of Lagos (UNILAG)
Course of Choice: Mechanical Engineering
2. Ayuba Simon-Peter John – Score: 374
State of Origin: Gombe
Gender: Male
Institution of Choice: Afe Babalola University, Ado-Ekiti (ABUAD)
Course of Choice: Mechanical Engineering
3. Abdulmalik Olayinka Jimoh – Score: 373
State of Origin: Kwara
Gender: Male
Institution of Choice: University of Lagos (UNILAG)
Course of Choice: Mechanical Engineering
4. Roberts Ayibo Damiete – Score: 373
State of Origin: Rivers
Gender: Male
READ ALSO: FULL LIST: Nigeria’s Varsities That Accept 140, 150, 160 JAMB Scores
Institution of Choice: University of Lagos (UNILAG)
Course of Choice: Electrical/Electronic Engineering
5. Ononugbo Chibueze Chigozirim – Score: 373
State of Origin: Enugu
Gender: Male
Institution of Choice: University of Ibadan (UI)
Course of Choice: Electrical/Electronic Engineering
6. Olawepo Tunmise Gertrude – Score: 373
State of Origin: Kwara
Gender: Female
Institution of Choice: University of Lagos (UNILAG)
Course of Choice: Computer Science
7. Afenitan Leslie Ofeoritse – Score: 373
State of Origin: Delta
Gender: Male
Institution of Choice: Covenant University (CU)
Course of Choice: Mechanical Engineering
READ ALSO: UTME Resit: 200,000 Score Above 200
8. Azoyenime Samuel Chukwuemeka – Score: 372
State of Origin: Delta
Gender: Male
Institution of Choice: Obafemi Awolowo University, Ile-Ife (OAU)
Course of Choice: Aerospace Engineering
9. Oyebode Emmanuel Oluwapelumi – Score: 372
State of Origin: Ogun
Gender: Male
Institution of Choice: University of Lagos (UNILAG)
Course of Choice: Petroleum & Gas Engineering
10 Omigie Cecil Osaigbovo– Score: 372
State of Origin: Edo
Gender: Male
Institution of Choice: University of Ibadan (UI)
Course of Choice: Mechanical Engineering
(Tribune)
- DMO Unveils July FGN Savings Bond As CBN Offers N250bn In Treasury Bills
- Court Slams €1m Damages Against Union Bank Over Breach, Negligence
- FULL LIST: Top 10 Highest Scorers In 2025 UTME
- 31 Workers Escape Death As Tunnel Collapses In Los Angeles
- Ondo Govt, Company Sign MoU To Build $15bn 500,000bpd Refinery
- Elon Musk’s X CEO Resigns
- Three Policemen, Two Soldiers Die As Security Forces Neutralise 30 Bandits In Katsina
- ‘I Feel Your Pain’ – Ighodalo Reacts To S’Court Verdict On Edo Guber Election
- BREAKING: Supreme Court Upholds Gov Okpebholo’s Election
- NAFDAC Warns On Recalled U.S. Supplements
About Us
Trending
- Entertainment4 days ago
2Baba’s New Romance In Trouble As Natasha Fumes Over Loyalty Remark
- News2 days ago
BREAKING: FG Officially Releases Age Limit For Admission Into Tertiary Institutions
- News2 days ago
OPINION: APC’s Leprosy Versus ADC’s Scabies
- Metro4 days ago
Tragedy As Navy Boat Capsizes After Free Medical Outreach In Delta
- News3 days ago
Flash Flood Warning: Sokoto, Edo, Akwa Ibom, 17 Other States At Risk In July — NiMet
- Politics5 days ago
JUST IN] 2027: South-South APC Endorses Tinubu, Four Govs For Re-election
- Politics4 days ago
2027: Peter Obi Speaks On Running For President, Deal With Atiku
- Politics1 day ago
‘The Man I Defeated 32 Years Ago Hasn’t Forgiven Me’ – Ita-Giwa Laments Discrimination Against Women In Politics
- Metro23 hours ago
Mysterious Bird Found Inside Auchi Poly Lecturer’s Office, Killed
- Headline5 days ago
Thai Police Rescue Eight-year-old Boy Living With Dogs, Unable To Speak