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Court orders unconditional release of Emefiele

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Court awards Emefiele N100m in damages
Emefiele
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An Abuja High Court, on Thursday, ordered the Economic and Financial Crimes Commission, EFCC, to unconditionally release the embatled former Central Bank of Nigeria, CBN, governor, Mr. Godwin Emefiele.

Respondents in the suit are the Federal Republic of Nigeria, Attorney General of the Federation, Chairman of EFCC and the EFCC.

Recall that Emefiele, who was released by the Department for State Service, DSS, after several court orders for his release, was re-arrested by the EFCC.

Trial judge, Justice O. Adeniyi, while ruling on an exparte application by A. Labi-Lawal, counsel to Emefiele, said: “It is, hereby, ordered: Accordingly, the 3rd (AGF) and 4th (EFCC Chairman) respondents are, hereny, ordered to unconditionally release the applicant (Emefiele) from detention forthwith or, in the alternative, produce him in court on a date fixed for hearing of the substantive motion on notice for purpose of being admitted to bail by the court.

“Accordingly, it is hereby further ordered that the motion on notice shall be heard on November 6, 2023, by 1p.m., prompt.

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“The instant order, together with the motion on notice, shall be served on the respondents,” the court added.

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Security guard allegedly kills employer two weeks after resuming duty

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Late Mrs Okafor and the alleged killer
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• Guard arrested, blames devil for the murder

A security guard identified as Abdul Latiff has reportedly been arrested for allegedly killing his employer, Mrs Marbel Okafor, at her residence on Victoria Island, Lagos.

According to reports, Mrs Okafor employed Abdul as her security guard during the first week of August 2026. However, barely two weeks after he resumed work, tragedy struck.

On August 16, Abdul allegedly entered his employer’s room and stabbed her several times in the stomach.

A neighbour reportedly heard Mrs Okafor screaming and repeatedly calling Abdul’s name. When the neighbour approached him to find out what was happening, Abdul allegedly claimed that his employer was frightened by a cockroach and that this was why she was shouting.

He was said to have subsequently taken three mobile phones, ₦10,000 from her purse and other valuables before fleeing in a vehicle to Jalingo, Taraba State, his reported hometown.

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Neighbours later discovered Mrs Okafor’s body and alerted the police. Following an investigation, officers reportedly traced the suspect to Taraba State, where he was arrested.

When questioned about what his employer had done to provoke the alleged attack, Abdul reportedly replied that she did nothing to him, describing his action as “the devil’s work.”

The matter is reportedly being investigated by the police but no official statement has been issued on the incident, which has gone viral on the social media.

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Uber exit a wake-up call, exposes Nigeria’s business crisis

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Uber officially shut down its operations in Nigeria on Wednesday, September 2, 2026, bringing an end to 12 years of business in the country.

While the company has diplomatically described the move as part of a review of its business priorities and investment focus, its exit comes at a difficult time for businesses operating in Nigeria.

Companies are facing a combination of rising operating costs, inflation, currency instability, weaker consumer purchasing power and an increasingly unpredictable business environment.

And that is where the bigger conversation begins.

Why is Nigeria struggling to remain an attractive destination for businesses despite being one of Africa’s largest consumer markets?

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The Tinubu-led APC administration inherited a fragile economy and introduced major reforms aimed at stabilising it. But Nigerians cannot ignore the reality that businesses are still under enormous pressure, while some companies are shutting down, scaling back or redirecting investments elsewhere.

Economic performance should not be measured by statistics alone. It should also be measured by whether businesses can survive, expand, employ more people and confidently invest in the country.

Uber’s exit should therefore serve as a wake-up call.

Nigeria needs an economic environment that makes businesses want to come, stay and expand—not one that gradually pushes them toward the exit.

If the government wants to attract serious local and foreign investment, it must urgently address the conditions making it increasingly expensive and difficult to do business in Nigeria.

Because when major companies leave, the consequences go beyond corporate boardrooms. Jobs, investment, competition and opportunities for millions of Nigerians are affected.

And that leaves Nigerians with a very uncomfortable question:

Is Tinubunomics creating an investment-friendly Nigeria—or are we simply being asked to endure the pain and “bole ka ja”? (The Guardian)

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Uber shuts down operations in Nigeria

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Ride-hailing company, Uber, has shut down its operations in Nigeria.

In a statement, the company, which came into Nigeria in 2014, said its exit is effective from September 2, 2026.

“We are writing to share some difficult news. After a thorough review of our business, we have made the tough decision to wind down our operations in Nigeria, effective 2 September 2026.

“Since we first launched in Lagos in 2014, it has been an absolute privilege to be a part of your daily life connecting you with independent transportation providers.

“Whether it was a morning commute, a ride to see loved ones, or exploring the city, thank you for trusting the platform to connect you to a driver to get you there safely. We know this may cause disruption to your routine, and we sincerely apologize for the inconvenience.”

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In a memo on Wednesday, the ride-hailing company also announced elimination of roughly 3,300 positions.

The job cuts focused on management and coordination roles, according to its CEO, Dara Khosrowshahi.

“Today, we’re making a number of significant organizational changes across Uber. We are removing layers, simplifying team structures, refining our global location strategy, and focusing our people and investments against the biggest opportunities ahead of us.”

“As a result, we will be reducing the size of our team by about 10%. Everyone whose role has been affected has already been notified, except in countries where we will follow the required local process.

“This wasn’t a decision we made lightly, because it will have a real impact on our teammates and friends who have worked hard for Uber. It’s important to say that these changes are about how we’re organized and what we’re prioritizing, not about anyone’s contributions to Uber, which we will always value.

“I’m sure you’re asking, ‘Why, and why now?’ particularly since our business is performing so well. Over the last 5+ years, Uber has grown by orders of magnitude, with our top line nearly tripling. We’ve built new products, expanded into new businesses, reached more consumers and supported more earners, and become a much larger and stronger company. But that growth has also brought complexity: more layers, more coordination, more fragmented ownership, and in some cases structures that made sense when businesses were smaller but no longer serve us well at our current scale.

“Our opportunity from here is enormous: we have the chance to bring Uber to hundreds of millions more people; to invest even more in drivers, couriers and merchants; and to innovate across our core businesses and build the autonomous future.

“The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future. A leaner organization will mean clearer ownership, faster decisions, and more time spent building rather than coordinating. It will also generate savings that we intend to reinvest in growth, innovation, and the capabilities that will matter most over the coming years.

“It’s our job as leaders to make these difficult calls, and to give you transparency into our thinking and our decision-making process.”

The layoffs are the latest round of job cuts for Uber, which eliminated roles in customer service and HR earlier this year.

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