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NigComsat: Rep. committee probes alleged N180.9m insurance breach
The House of Representatives Committee on Insurance and Actuarial on Tuesday, began investigations into the N180.9 million insurance premium allegedly paid for the failed Satellite 1 project launched in 2011.

The committee is also investigating the Satellite 1-R project for which Nigeria obtained $500 million loan from China.
The Chairman of the Committee, Rep Darlington Nwokocha demanded that NigComsat must submit all documents on insurance transactions on the project within seven days.
Nwokocha raised concerns over alleged irregularities surrounding the unilateral appointment of the insurance brokers without recorded due process.
According to the chairman, the committee’s investigation is premised on six petitions written by concerned Nigerians within the insurance industry.
The rep said that the investigative hearing was aimed at unravelling issues bothering on infractions, impunity perpetuated by the operator who allegedly influenced the contract.
He said that the committee was also interested in revealing all financial recklessness entrenched in the multi million dollar satellite contract.
Responding, NigComSat Managing Director/CEO, Mr Abimbola Alale said that the Chinese company that manufactured the satellite unilaterally filled the Lead Insurance form.
He said that the Chinese partners nominated the UK based insurance firm to insure NigComsat 2, which was launched in 2014.
Also, the Managing Director of Fasahal Insurance company, one of the insurance companies, Mr. Frederic Adejo affirmed that he was not a chattered Broker.
He disclosed that NigComSat introduced him to the Lead Insurance firm.
On his part, the Managing Director of A & G Insurance company, Mr. Abiola Ajibowu, informed the committee that all relevant documents required had been transmitted.
According to him, the only evidence of the contract is the policy document, which contains the value of the asset, premium paid and the period of the insurance policy.
The lawmakers demanded for bank statements on all the transactions and the schedule insurance policy. (NAN)
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BREAKING: Trump Threatens Military Action, Declares Nigeria ‘Country of Particular Concern’ — Orders Probe
By: Fabian Apechihin
U.S. President Donald J. Trump has warned that the United States could halt all aid to Nigeria and has ordered the Pentagon to prepare for possible military action if the Nigerian government does not stop what he described as the killing of Christians in the country.

Posting on his Truth Social account, Trump said the U.S. may go into Nigeria “guns-a-blazing” to “wipe out the Islamic terrorists who are committing these horrible atrocities,” and asked congressional figures to investigate the matter and report back to him. He also announced that he had placed Nigeria on a watch list as a “Country of Particular Concern” for religious-freedom violations.
Nigeria’s federal government has rejected the claims, saying the allegations “do not reflect the situation on the ground” and stressing that Nigerians of all faiths live and worship together. The Ministry of Foreign Affairs said Nigeria remains committed to fighting terrorism and protecting the rights of all citizens, and that it will engage Washington to clarify regional dynamics and the country’s security efforts.
The president’s statement has already drawn international attention and media coverage, and follows recent calls by some U.S. lawmakers and advocacy groups expressing concern about attacks on religious communities in parts of Nigeria. Nigerian officials, including the Minister of Information, have repeatedly argued that violent actors in the country target people across faiths and that available data do not support claims of targeted, state-enabled “genocide.”
This is a developing story; major news agencies—including Reuters, AP, Al Jazeera, and others—are reporting on the exchange between Washington and Abuja.
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UNILORIN VC congratulates new NUJ Correspondents Chapel exco
…hails former chairman Garba on impactful tenure
Stephen Olufemi Oni, Ilorin
The Vice Chancellor of the University of ilorin, Prof. Wahab Olasupo Egbewole, SAN, has congratulated members of the newly elected Executive Committee of the Correspondents’ Chapel of Kwara State Council of the Nigeria Union of Journalists (NUJ), led by Mr Biola Azeez, the State Editor of the Nigerian Tribune newspapers.
In a congratulatory message to the new NUJ leaders, Prof. Egbewole also lauded the immediate past Chairman, Mr Abdulhakeem Garba of Channels Television for successfully handing over to a successor.
A statement made available to news men in Ilorin, the Kwara state capital, on Saturday by the University’s Director of Corporate Affairs, Mr Kunle Akogun, expressed the Vice Chancellor’s delight over the outcome of the election, saying that the peaceful conduct of the election and the absence of any rancour in its aftermath have shown the Correspondents’ Chapel as truly the flagship crop of journalists in Kwara State.
Prof. Egbewole also said that this development has further raised the public rating of the Correspondents’ Chapel, whose members constitute the crux of the membership of the elite UNILORIN Accredited Press Corps (UAPC).
While wishing the new exco members a successful and impactful tenure of office, the Vice Chancellor expressed the hope that the new NUJ officials would carry every member of the Union along to justify the confidence reposed in them.
End
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Biola Azeez Emerges New Chairman Of Kwara NUJ Correspondents’ Chapel
Stephen Olufemi Oni, Ilorin
In a smooth transition of leadership, Biola Azeez, the Kwara state correspondent of the Tribune newspapers, has emerged as the new Chairman of the Correspondents’ Chapel of the Nigeria Union of Journalists (NUJ), Kwara State Council.
Azeez’s emergence by affirmation marks the end of the tenure of the Mallam AbdulHakeem Garba-led executive committee, ushering in a new leadership phase for the elite body of journalists covering the state.
Also elected by affirmation were Ibrahim Alege of TVC as Vice Chairman, Sikirat Shehu of BusinessDay as Financial Secretary, and Afusat Agunbiade of the News Agency of Nigeria (NAN) as Treasurer. .
In the only contested positions, Mosunmola Ayobami of Western Post defeated Okufemi Akobi of AIT by 27 votes to 4 to become the new Secretary, while Oluseyi DaSilva of Arise TV triumphed over Taiye Joseph of Kogi Graphics in another closely watched race to bec the new Auditor of the Chapel.
The new leadership is expected to build on the achievements of the outgoing executive in promoting professional excellence and strengthening collaboration between the media and public institutions in Kwara State.
In his acceptance speech, Biola Azeez commended the immediate past executives of the Chapel on standard set, pledging that his administration would improve on professionalism and welfare of members.
He also said that efforts would be made to improve on relationship with government and other newsmakers in the state in order to perform more effectively and serve as watch dog of the society.
End.
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