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CBN Orders All Financial Institutions and Payment Providers to Implement Dual Connectivity for PoS Terminals Within One Month to End System Downtime

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The Central Bank of Nigeria (CBN) has issued a directive requiring all financial institutions, acquirers, and payment service providers to implement mandatory dual connectivity for Point of Sale (PoS) transactions within one month, signaling a major regulatory push to stabilise the country’s electronic payment infrastructure.

The directive, outlined in a circular dated December 11, 2025, and signed by Rakiya Yusuf, Director of the Payments System Supervision Department, upgrades an earlier policy issued in September 2024. According to the CBN, the move is designed to address the recurring PoS downtime caused by overreliance on a single transaction channel.

Under the new regulation, all acquirers, processors, and Payment Terminal Service Providers are required to maintain active connections with both the Nigeria Inter-Bank Settlement System (NIBSS) and Unified Payment Services Limited (UPSL). This dual connectivity framework is intended to reduce dependence on any single aggregator, ensuring smoother transaction processing and greater reliability for businesses and consumers alike.

The CBN noted that persistent downtime at PoS terminals has hindered retail transactions, disrupted payments for goods and services, and affected merchant confidence in electronic payments. By enforcing dual connectivity, the central bank aims to strengthen the resilience of the payments ecosystem, minimise operational interruptions, and support the broader adoption of digital payments across Nigeria.

Industry analysts view the directive as a timely intervention that could stabilise the country’s payment infrastructure while encouraging innovation and competition among PoS service providers. Compliance with the new requirement is expected to be closely monitored by the regulator, with financial institutions and service providers required to implement the changes within the stipulated one-month period.

Prices of major staple food items across Nigeria recorded notable declines in October 2025, offering some relief to households grappling with prolonged food inflation.

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The trend is detailed in the Selected Food Price Watch report released on Friday by the National Bureau of Statistics, which shows both year on year and month on month reductions in the prices of several widely consumed staples, including rice, beans, garri, and tomatoes.

According to the report, the average price of one kilogram of local rice fell to N1,913.78 in October 2025. This represents a 2.01 percent decline compared with N1,944.64 recorded in October 2024, as well as a 1.59 percent drop from the September 2025 average. The decline is considered significant given rice’s position as a primary staple in Nigerian households and a major driver of food inflation trends.

Beans recorded one of the sharpest price corrections during the period. The NBS data shows that the average price of one kilogram of brown beans declined to N1,760.53 in October 2025, down from N2,798.50 a year earlier. This translates to a steep 37.09 percent year on year decrease, alongside a further 3.04 percent reduction compared with September 2025. The bureau attributed the sharp fall to improved harvest yields and increased market supply, particularly across the North central and North west regions.

Garri prices also showed significant easing. The average price of one kilogram of white garri dropped to N846.69 in October 2025, compared with N1,198.05 in October 2024, reflecting a 29.33 percent year on year decline. On a month on month basis, prices fell by 2.88 percent from N871.78 recorded in September 2025. The NBS linked the sustained decline to more stable cassava production and improved processing output.

Similarly, the average price of loose tomatoes declined to N1,269.17 per kilogram in October 2025. This represents a 13.43 percent reduction from N1,465.99 recorded in the same month last year, and a 0.83 percent decrease from September 2025. Despite tomatoes being highly sensitive to seasonal weather patterns and transportation challenges, the data indicates improved supply conditions across key tomato producing states.

The NBS report suggests that easing supply constraints, better harvest outcomes, and improved market availability contributed to the overall moderation in food prices during the month. Analysts note that if the trend is sustained, it could help slow food inflation and ease cost of living pressures in the final quarter of the year.

Geregu Power Plc Projects N17.06 Billion Pre-Tax Profit for Q1 2026, Signaling Year-on-Year Earnings Growth

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Geregu Power Plc has projected a pre tax profit of N17.06 billion for the first quarter of its 2026 financial year, signaling expectations of stronger earnings momentum despite a cautious outlook.

The projection was disclosed in the company’s earnings forecast filed with the Nigerian Exchange on Thursday. The guidance was jointly signed by Geregu Power’s Chief Executive Officer and Chief Financial Officer, marking the company’s first formal earnings outlook for the 2026 financial year.

According to the filing, the projected pre tax profit represents an improvement over the N13 billion recorded in the corresponding period of 2025. If achieved, the forecast would place the power generation company on a positive year on year earnings trajectory at the start of the new financial year.

While the projected figure points to growth, the guidance suggests a measured approach amid prevailing operating conditions in the power sector, including cost pressures, regulatory considerations, and broader macroeconomic challenges.

Geregu Power is one of Nigeria’s leading power generation companies and a key player in the country’s electricity value chain. Market analysts note that the company’s early earnings guidance provides investors with increased visibility into its performance expectations and signals management’s confidence in its operational outlook for the year.

The company is expected to release its first quarter 2026 financial results after the end of the reporting period, which will confirm whether the projected earnings target is met.

BRYAN OKOYE: The Chameleon Actor, The Rising Star Redefining Range, Transformation, and Raw Storytelling in Nollywood

In an era where many actors chase stardom through repetition, Bryan Okoye stands out as the actor who doesn’t just play roles, but embodies and becomes them. In an industry where many seek to be seen, he’s the multi-lingual actor who seeks to become.

A performer who can morph from a taxi driver to an inspector, a criminal to a pastor, a plumber to a journalist and still make each transformation feel lived-in, raw, and real. But his work in ETITI takes this even further. Portraying a trinity of identities; a tortured madman, a fallen prince, and a vessel of prophecy all in one!

 

Bryan delivers a world-class performance that dissolves the boundary between sanity and spirit. It’s a rare blend of grit, soul, and emotional depth that positions him among Nollywood’s most unpredictable and magnetic talents.

 

A Shape-Shifter in Storytelling

Nicknamed “The Chameleon Actor” by fans and critics, Bryan’s craft thrives on transformation. Every new character demands a new body, a new rhythm, and sometimes, a new soul. His method isn’t just cosmetic as it goes beyond surface level acting; it’s psychological and soulful.

 

“For me, I just love and I’m grateful for opportunities that require me to not just to act or imitate, but to actually transform in acting, and showcase my range as an actor.”

 

Bryan’s versatility extends beyond performance as he speaks five languages, including French, which allows him to navigate stories and characters across cultures with ease.

This rare depth of interpretation has made Bryan a standout in Nigeria’s evolving film scene, where authenticity is becoming the new currency.

 

 

 

The Birth of a Chameleon

Born and bred in the quiet city of Jos, the cradle of creativity, Bryan’s journey began with his breakout role in My Name Is Azed (2020), where he played Azeez, a young and naive taxi driver navigating survival and sacrifice in the harsh city of Lagos.

 

This was a character for which he had taken off his dreadlocks of 5 years just to become, and his performance turned out to be one that would quietly announce a new kind of performer in Nollywood; one who values truth over impression.

 

The raw honesty of his portrayal earned him a nomination for Best African Actor at the Septimius Award Amsterdam in 2022, sharing the category with industry heavyweights Stan Nze, Ijeoma Grace Agu and Osas Ighodaro.

 

Range Without Limits

Since that breakout role, Bryan has evolved into one of the most versatile actors of his generation. In Chris Odeh’s BLACK PEPPER, he embodies Inspector Uche, an officer of the law torn between justice and misogyny.

 

In Niyi Akinmolayan’s CRIMINAL on Prime Video, he flips the coin entirely, playing Ekene, a conflicted streetwise outlaw who serves as a moral compass in his gang and whose silence says just as much as his rage.

 

Then comes CHETAM, the critically acclaimed ShowMax original series where Bryan embodies Ikemefuna the hunter, the most hated character of the show by the audience, but only because he made the character feel strikingly real.

And in TEMPTATION where he stars alongside BamBam, he steps into the pulpit as a pastor, wrestling not just with faith, but with the fragility of human nature. And in FOR IKEMEFUNA, a South African film about xenophobia, Bryan delivers a stirring dual portrayal as a petty trader and Okada rider, a role that earned him his first international win as Best Supporting Actor at the Crown Point International Film Festival (USA) and the Chicago International Film Festival a recognition that solidified his rising global footprint.

 

Beyond film, Bryan has also endeared families across the continent with his role as Jude, the impulsive and hotheaded journalist on TINSEL, Africa’s longest-running TV soap opera, a character that further showcases his ability to bring complexity and charisma to everyday storytelling.

 

Each performance is a metamorphosis; physical, emotional, and profoundly internal.

 

 

 

The Madman of Etiti

Bryan’s standout performance however, as Chizoba, the madman/Fallen Prince in Etiti, is where his craft truly erupts and is already being talked about as one of the year’s most haunting portrayals on television. A prince cursed into insanity, torn between memory and madness, Bryan’s transformation was so convincing that audiences forgot the man and only saw the myth.

 

A fearless surrender to character that leaves audiences unsettled, moved, and transfixed. The role demanded extremes physical, emotional, and spiritual and Bryan delivered a performance layered with madness, skill, vulnerability, instinct, intuition, and raw poetry.

 

An Actor with a Vision

But beyond the screen, Bryan is an artist on a mission. His work often explores identity, love, morality, faith, and the unseen struggles that define humanity.

 

In short films like Steal, Kill, Destroy, which is currently having its festival run and winning hearts and awards globally, he dives deep into the theme of divine love of God through the voices of darkness always searching for light in the most unexpected corners of storytelling.

 

Bryan approaches acting as a sacred act of empathy and revelation. “For me,” he says, “acting isn’t about imitation; it’s about understanding. Every character carries a piece of truth the world needs to see.” With each project, Bryan continues to expand the emotional vocabulary of Nollywood proving that authenticity, not familiarity, is the future of storytelling.

 

 

 

The Next Chapter

As Nollywood continues to expand globally, Bryan Okoye represents a new generation of actors driven not just by fame but by faith, purpose, and truth. His versatility from regal gravitas to unhinged vulnerability marks him as one of the most exciting names to watch.

 

And if there’s one thing audiences can expect from Bryan, it’s this: he’ll never show up the same way twice! With each film, he continues to challenge the limits of storytelling in Nollywood, fusing emotional depth with spiritual insight. As his star continues to rise, one truth remains clear: Bryan Okoye is not just an actor he’s a transformation waiting to happen.

Bayo Adelabu Petitions DSS Over Primate Ayodele’s N150m ‘Spiritual Intercession’ Demand

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EXCLUSIVE:

Bayo Adelabu, Nigeria’s Minister of Power and former Oyo State governorship candidate, has formally petitioned the Department of State Services (DSS), accusing Primate Elijah Ayodele, founder of INRI Evangelical Spiritual Church, Oke Afa, Lagos, of attempting to extort N150 million in exchange for “spiritual intercession” to secure Adelabu’s election as governor.

Adelabu, who has announced his intention to contest the 2027 Oyo governorship election, alleges that Primate Ayodele engaged in blackmail and made false prophecies aimed at tarnishing his reputation after he rejected all demands for money and expensive spiritual items.

The petition, dated October 13, 2025, and signed by Bolaji Tunji, Adelabu’s Special Adviser on Strategic Communications and Media Relations, was submitted to the DSS Director-General. It details the former governorship candidate’s claims that the cleric’s actions constitute malicious intent and attempted extortion under the guise of spiritual guidance.

Bryan Okoye: The Chameleon Actor, Mastering Range and Raw Storytelling in Nollywood

The Rising Star Redefining Range, Transformation, and Raw Storytelling in Nollywood
In an era where many actors chase stardom through repetition, Bryan Okoye stands out as the actor who doesn’t just play roles, but embodies and becomes them. In an industry where many seek to be seen, he’s the multi-lingual actor who seeks to become.
A performer who can morph from a taxi driver to an inspector, a criminal to a pastor, a plumber to a journalist and still make each transformation feel lived-in, raw, and real. But his work in ETITI takes this even further.
Portraying a trinity of identities; a tortured madman, a fallen prince, and a vessel of prophecy all in one! Bryan delivers a world-class performance that dissolves the boundary between sanity and spirit. It’s a rare blend of grit, soul, and emotional depth that positions him among Nollywood’s most unpredictable and magnetic talents.
A Shape-Shifter in Storytelling
Nicknamed “The Chameleon Actor” by fans and critics, Bryan’s craft thrives on transformation. Every new character demands a new body, a new rhythm, and sometimes, a new soul. His method isn’t just cosmetic as it goes beyond surface level acting; it’s psychological and soulful.
“For me, I just love and I’m grateful for opportunities that require me to not just to act or imitate, but to actually transform in acting, and showcase my range as an actor.”
Bryan’s versatility extends beyond performance as he speaks five languages, including French, which allows him to navigate stories and characters across cultures with ease.
This rare depth of interpretation has made Bryan a standout in Nigeria’s evolving film scene, where authenticity is becoming the new currency.
The Birth of a Chameleon
Born and bred in the quiet city of Jos, the cradle of creativity, Bryan’s journey began with his breakout role in My Name Is Azed (2020), where he played Azeez, a young and naive taxi driver navigating survival and sacrifice in the harsh city of Lagos.
This was a character for which he had taken off his dreadlocks of 5 years just to become, and his performance turned out to be one that would quietly announce a new kind of performer in Nollywood; one who values truth over impression.
The raw honesty of his portrayal earned him a nomination for Best African Actor at the Septimius Award Amsterdam in 2022, sharing the category with industry heavyweights Stan Nze, Ijeoma Grace Agu and Osas Ighodaro.
Range Without Limits
Since that breakout role, Bryan has evolved into one of the most versatile actors of his generation. In Chris Odeh’s BLACK PEPPER, he embodies Inspector Uche, an officer of the law torn between justice and misogyny.
In Niyi Akinmolayan’s CRIMINAL on Prime Video, he flips the coin entirely, playing Ekene, a conflicted streetwise outlaw who serves as a moral compass in his gang and whose silence says just as much as his rage.
Then comes CHETAM, the critically acclaimed ShowMax original series where Bryan embodies Ikemefuna the hunter, the most hated character of the show by the audience, but only because he made the character feel strikingly real. And in TEMPTATION where he stars alongside BamBam, he steps into the pulpit as a pastor, wrestling not just with faith, but with the fragility of human nature.
And in FOR IKEMEFUNA, a South African film about xenophobia, Bryan delivers a stirring dual portrayal as a petty trader and Okada rider, a role that earned him his first international win as Best Supporting Actor at the Crown Point International Film Festival (USA) and the Chicago International Film Festival  a recognition that solidified his rising global footprint.
Beyond film, Bryan has also endeared families across the continent with his role as Jude, the impulsive and hotheaded journalist on TINSEL, Africa’s longest-running TV soap opera, a character that further showcases his ability to bring complexity and charisma to everyday storytelling.
Each performance is a metamorphosis; physical, emotional, and profoundly internal.
The Madman of Etiti
Bryan’s standout performance however, as Chizoba, the madman/Fallen Prince in Etiti, is where his craft truly erupts and is already being talked about as one of the year’s most haunting portrayals on television.
A prince cursed into insanity, torn between memory and madness, Bryan’s transformation was so convincing that audiences forgot the man and only saw the myth.
A fearless surrender to character that leaves audiences unsettled, moved, and transfixed. The role demanded extremes physical, emotional, and spiritual  and Bryan delivered a performance layered with madness, skill, vulnerability, instinct, intuition, and raw poetry.
An Actor with a Vision
But beyond the screen, Bryan is an artist on a mission. His work often explores identity, love, morality, faith, and the unseen struggles that define humanity. In short films like Steal, Kill, Destroy, which is currently having its festival run and winning hearts and awards globally, he dives deep into the theme of divine love of God through the voices of darkness always searching for light in the most unexpected corners of storytelling.
Bryan approaches acting as a sacred act of empathy and revelation. “For me,” he says, “acting isn’t about imitation; it’s about understanding. Every character carries a piece of truth the world needs to see.”
With each project, Bryan continues to expand the emotional vocabulary of Nollywood — proving that authenticity, not familiarity, is the future of storytelling.
The Next Chapter
As Nollywood continues to expand globally, Bryan Okoye represents a new generation of actors driven not just by fame but by faith, purpose, and truth. His versatility from regal gravitas to unhinged vulnerability marks him as one of the most exciting names to watch.
And if there’s one thing audiences can expect from Bryan, it’s this: he’ll never show up the same way twice! With each film, he continues to challenge the limits of storytelling in Nollywood, fusing emotional depth with spiritual insight. As his star continues to rise, one truth remains clear: Bryan Okoye is not just an actor, he’s a transformation waiting to happen.

PRESIDENT TINUBU: LAYING THE FOUNDATION FOR A DIGITAL WORKFORCE TO DRIVE NIGERIA’S ECONOMIC TRANSFORMATION

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STATEHOUSE PRESS RELEASE
PRESIDENT TINUBU: LAYING THE FOUNDATION FOR A DIGITAL WORKFORCE TO DRIVE NIGERIA’S ECONOMIC TRANSFORMATION

Abuja, 11 December 2025 – President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to building a youthful, digitally skilled workforce to power Nigeria’s next phase of economic growth and shared prosperity. He made the remarks on Thursday at the State House Conference Centre during the 3 Million Technical Talent (3MTT) National Impact Summit and the launch of the 3MTT Digital Skills Fund, with the Secretary to the Government of the Federation, Senator George Akume, representing him.

President Tinubu highlighted that his administration’s vision for a trillion-dollar economy is anchored on technical skills, productivity, innovation, and a workforce whose capabilities meet global standards.

“Digital skills now underpin growth across every major sector, including agriculture, healthcare, finance, manufacturing, education, and public service. Our ambition to build a trillion-dollar economy will not be achieved by chance; it requires a workforce equipped to compete globally,” the President stated.

Launched in 2023 by the Ministry of Communications, Innovation and Digital Economy, the 3MTT programme targets training three million young Nigerians in critical technical skills, creating two million tech jobs, and exporting surplus talent. President Tinubu called on the 30,000 trainees who have completed the programme to remain focused, seeing themselves as the driving force for Nigeria’s next developmental strides.

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, noted that Nigeria’s digital economy is among the most attractive in Africa for investment, commending President Tinubu’s vision and the support of private-sector partners and development agencies. He emphasized that when the President assumed office in 2023, over 4.5 million technology jobs were vacant, highlighting the urgent need for initiatives like 3MTT.

Beneficiaries of the programme shared testimonies of personal and community impact:

  • Hauwa Yakubu Aliyu from Jigawa State described how the programme empowered her to train farmers in greenhouse farming techniques and represent Nigeria at the Huawei ICT Tech4Good Global Summit in China.

  • Adelani Adelaja, a military personnel from Lagos State, revealed how the programme enabled him to develop logistics solutions, improve professional skills, and train colleagues in digital expertise.

International partners expressed their support for the initiative:

  • UNDP Representative Elsie Attafuah praised the Tinubu administration’s economic reforms, noting Nigeria’s commitment to reform, courage, and future-focused development.

  • EU Ambassador Gautier Mignot pledged $48 million in support of the 3MTT Digital Skills Fund.

  • Other partners, including Google, Moniepoint, Airtel, IHS, Secure ID, and HUAWEI, lauded the administration for enhancing technical capacity among young Nigerians and providing a conducive environment for telecom businesses.

President Tinubu concluded that the 3MTT initiative is moving from concept to nationwide impact, creating jobs, nurturing startups, and developing solutions across all 36 states and the Federal Capital Territory, positioning Nigeria as a competitive player in the global digital economy.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)


If you want, I can also create a concise, media-friendly version suitable for news headlines and social posts that highlights the key figures, funding, and impact. Do you want me to do that?

British-Nigerian Artist Nnena Kalu Makes History as First Learning-Disabled Turner Prize Winner

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British-Nigerian artist Nnena Kalu has made history by becoming the first person with a learning disability to receive the Turner Prize, one of the most prestigious awards in contemporary art. The announcement was made during the award ceremony held in Bradford, England, marking a significant moment for inclusivity in the global art community.

Born in Glasgow in 1966 to Nigerian parents, Kalu has long been celebrated for her distinctive abstract practice, which includes large-scale draped sculptures and vortex-like circular drawings. Her sculptures, often constructed from found materials such as fabric, VHS tape, rope, and wire, explore themes of space, rhythm, and movement, while her circular drawings are created through repetitive, meditative motions, resulting in hypnotic, swirling forms.

Kalu is autistic and has limited verbal communication, a fact that has not hindered her ability to produce work of profound visual and emotional resonance. She has been supported for many years by ActionSpace, a London-based organization dedicated to fostering artistic talent among people with learning disabilities. At the award ceremony, Kalu was represented on stage by studio colleagues who highlighted her creative process and artistic vision.

The Turner Prize, awarded annually by Tate Britain, carries a £25,000 prize for the winner, with runners-up receiving £10,000 each. The jury praised Kalu’s work as “bold, compelling, and visually commanding,” emphasizing the importance of broadening the contemporary art field to include neurodiverse and learning-disabled voices.

Art critics and fellow artists have lauded Kalu’s win as a watershed moment. It signals a growing recognition of underrepresented artists in major cultural institutions and challenges longstanding notions of who can participate in the highest levels of contemporary art.

In a field historically dominated by artists without disabilities, Kalu’s Turner Prize victory underscores the potential for greater inclusivity and diversity in the art world. Her work not only captivates audiences visually but also invites dialogue about creativity, accessibility, and the power of art to transcend traditional barriers.

As Nnena Kalu steps into this new chapter of her career, her achievement resonates beyond the art community, serving as a powerful example of how talent, perseverance, and unique vision can reshape cultural landscapes.

ECOWAS Alarm: Nigeria Says Airforce Crew Remains in Burkina Faso Contrary to Earlier Reports

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ECOWAS Alarm: Nigeria Says Airforce Crew Remains in Burkina Faso Contrary to Earlier Reports
The latest clarification by Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar confirms that the NAF transport aircraft and its 11-man crew remain in Burkina Faso despite earlier reports suggesting their release. This development raises serious procedural and diplomatic concerns for Burkina Faso under established international aviation and diplomatic norms.
Under the Chicago Convention of 1944 and the global standards set by the International Civil Aviation Organization (ICAO), all sovereign airspaces are indeed regulated, but the rules are clear; when a state aircraft files its flight plan, declares its mission, and follows communication protocols, any dispute is resolved through diplomatic channels, not prolonged detention of crew members. A forced landing, whether due to technical, weather, or ATC reasons, triggers mandatory cooperation between both states for the safety of aircraft and personnel, not punitive or politically motivated delays.
Furthermore, military transport aircraft on official missions fall under protected categories in bilateral and multilateral practice. The continued withholding of personnel after verification of identity and mission contradicts long-standing ECOWAS and African Union norms on freedom of movement for official missions, joint security cooperation and respect for state actors engaged in non-hostile flights.
Burkina Faso risks isolating itself diplomatically within the region by escalating what should have been a routine clearance and handover situation. It is also inadvertently raising questions about its adherence to regional security cooperation frameworks and ICAO safety standards.
At this stage, several measures remain on the table; direct diplomatic engagement, invocation of ECOWAS security protocols and multilateral pressure through aviation and regional bodies. But the most important thing is for Burkina Faso to act responsibly, de-escalate the situation and immediately release the Nigerian crew to avoid further diplomatic strain or unintended consequences.
Regional stability depends on trust and established norms, not unilateral actions that undermine them.

Reno Omokri Clears Senate Screening, Secures Approval for Ambassadorial Appointme

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Reno Omokri has been confirmed by the Nigerian Senate for an ambassadorial position following a screening session on Tuesday that concluded without objections from lawmakers. His approval comes despite petitions and public calls from some Nigerians urging the Senate to reject his nomination.

Omokri was nominated by President Bola Tinubu as part of a new round of diplomatic appointments. During the screening, he responded to questions from members of the Senate Committee on Foreign Affairs and was eventually cleared for the role.

Following his confirmation, Omokri issued a formal note of appreciation, thanking key senators and officials who participated in the process. In his statement, he expressed gratitude to Senate Leader Opeyemi Bamidele, Chairman of the Foreign Affairs Committee Senator Sani Bello, and committee members including Senators Adams Oshiomhole and Ali Ndume. He also acknowledged senators from Delta State—Ede Dafinone, Joel-Onowakpo Thomas, and Ned Nwoko—for their support.

He further extended his appreciation to Senator Basheer Lado, Special Adviser to the President on Senate Matters.

Omokri described the Senate as “a place of honour” and thanked all those involved for what he called a fair and respectful screening process.