NEWS
Court Adjourns Activists’ Case in Calabar to Feb 27

From Ene Asuquo, Calabar
A magistrate court sitting in Calabar has again adjourned a case involving an environmental activist, Odey Oyama to February 27 as the prosecuting counsel failed to produce evidence for trial as originally ordered by the court.
In case no mc/20c/2025, the magistrate, Okoho Bassey Otu had on the 7th of February 2025 ordered the prosecutor to produce evidence for trial to begin on the 14th of February 2025.
Recall that the activist, Oyama is alleged to have promoted a native war in Effi, his community in Ikom local government area of cross river state.
However, the prosecutor OU Ubi instead of producing evidence for the trial to begin has made an application to the Chief judge of cross river state seeking the transfer of the case back to Ikom division where the case emanated
According to the prosecutor, “We made the application subject to section 382 and 383 of the administration of cross river state criminal justice law 2016 which empowers the prosecutor to seek for transfer of this case”
“I also refer you to sections 96 and 97 of the cross river state criminal justice law which empowers the Chief judge of the State with the judicial powers to direct where a case should be heard”
The defence counsel, chief Sunny Mgbe in his argument told the court that the prosecutor was to come with evidence for trial.
“Your worship we have submitted to the decision of the court for the case to commence in Calabar division”
He argued that though the prosecutor has made an application to the chief judge of cross river, he maintained that it remains a mere application until it is acted upon or gets the approval of the chief judge.
Mgbe stressed that since the CJ has not given any directive to stop the case from going on in Calabar division, the court has the jurisdiction to continue with the case, “My Lord disregard this” he stated.
In her submission, the magistrate, Okoho Bassey Otu said, “The court shall grant one more adjournment within which shall determine whether the case will continue in Calabar or not, but urged the prosecuting counsel to get the approval of the application before the next adjourned date.
“However, in the circumstances of this case, the court shall grant one more adjournment within which the court will be in a better position to determine whether the matter shall go on in this court or not, as the prosecutor has shown that there is something before the C J
The court adjourned the matter to 27th February 2025 for either hearing or as will be directed by the Chief judge of the State.
NEWS
C’River Steps Up War against Illegal Mining with Statewide Sensitization Campaign

From Ene Asuquo, Calabar
In a determined move to bolster security consciousness and curb the growing threat of illegal mining by foreign elements, the Cross River State Government, through its Anti-Illegal Mining Committee/Taskforce in collaboration with the Federal Ministry of Mines and Solid Minerals Development, has embarked on a five-day sensitization tour across 10 Local Government Areas of the state.
Chairman of the Anti-Illegal Mining Committee/Taskforce, Prince Paul Effiong, described the situation as dire, warning that “Cross River State is sitting on a time bomb if the activities of illegal miners are not urgently curtailed. ”He underscored the immense natural and mineral wealth of the state, stressing that when properly harnessed; it could drive sustainable development and boost the state’s economy. “Illegal mining is not only destroying our environment, but also threatening public health and security,” Effiong stated.“Our farmlands and forests are being ravaged. Toxic chemicals are seeping into our water sources, raising the risk of cholera, cancer, and other diseases. We must act now.”He also cautioned communities to be vigilant against bribery and manipulation by illegal miners. “They come bearing cash, gifts, and false promises, but their intention is to divide and exploit,” he said.Effiong further raised security concerns about the unchecked movement of foreign nationals into forested areas. “With the rising insecurity in the country, we must be cautious about who we allow access to our communities. Many of these foreigners arrive in numbers without registration or profiling—it’s a ticking security threat.”In Boki Local Government Area, the Executive Chairman, Hon Beatrice Etta Nyiam, emphasized the urgency of the sensitization initiative. “The alarming influx of unidentified individuals engaging in unauthorized mining in our hinterlands is deeply concerning,” she said.“I call on our traditional rulers and youths to work with the anti-illegal mining team. This is not just about minerals; it’s about protecting our heritage and the future of our children.”Federal Mines Officer, Ayelabola Bumi, noted that Cross River is blessed with vast mineral deposits, but warned against misuse. “God has blessed this land abundantly. Let us guard His gifts jealously so that He will not regret bestowing them upon us,” he said.“Illegal miners extract what they want with no regard for the environment or host communities. The devastation they leave behind is ours to deal with.”Also speaking, the State Security Adviser, Major General Okoi Obono (rtd), acknowledged that Cross River has a longstanding reputation for peace and hospitality but warned that the influx of unidentifiable strangers poses a clear risk.“Cross River remains committed to being a safe haven, but we must tighten our security systems,” he stated. “Most of these people come at night, and their identities remain unknown. There must be proper documentation and profiling of every visitor entering our communities.”He reaffirmed the government’s commitment to the safety of its citizens: “Security is our shared responsibility. It is paramount and non-negotiable.”Special Adviser to the Governor on Chieftaincy Affairs, Otuekong Francis Edet, appealed to community leaders to take a principled stance. “Mining is a legitimate economic activity, but not when it’s done illegally or at gunpoint,” he warned.“Our traditional institutions must avoid sharp practices. Don’t mortgage the future of your communities for temporary gains. If mineral resources are exploited legally, the Corporate Social Responsibility of companies will ease the burden on the government and improve our living standards.”Edet also encouraged community members to report suspicious activities without hesitation. “Timely information can save lives and protect our environment.”In his closing remarks, His Royal Majesty Otu Fredaline Akandu lauded Governor Bassey Otu for establishing the Anti-Illegal Mining Committee and pledged full support from the traditional institution.“We will stand side by side with the government to protect our land, our people, and our future,” he declared.The sensitization campaign aimed to create synergy among the three tiers of government, share vital knowledge, and develop sustainable strategies for effective resource management. It also sought to enhance environmental preservation, strengthen community vigilance, and foster long-term security and development in Cross River State.NEWS
CBN, Cardoso Shine at Capital Market Choice Awards

By Tony Obiechina, Abuja
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has been conferred an Honorary Award at the maiden Nairametrics Capital Market Choice Awards, held in Lagos.Presenting the Honorary Award to Cardoso, the Founder/CEO of Nairametrics, Ugo Obi-Chukwu, said the award was in recognition of Cardoso’s transformative leadership and strategic contributions to Nigeria’s financial and capital markets, noting that under his leadership, the CBN has pursued reforms which has transformed the financial sector, restored investor confidence, deepened market participation, and fostered long-term economic resilience.
In addition to the individual recognition, the Central Bank of Nigeria also won the “Market Reform Initiative of the Year” award, a testament to the Bank’s continued efforts to drive systemic reforms and innovation within the financial ecosystem.According to the organisers, “the CBN’s recent policy interventions aimed at strengthening monetary transparency, investor confidence, and financial market stability earned it the distinguished award”.Receiving the award on behalf of the Governor and the CBN, the Bank’s Director, Banking Supervision Department, Dr. Olubukola Akinwunmi, expressed gratitude to Nairametrics for the award and urged all stakeholders to continue striving for transparency to ensure stability in the financial system.Other Honorary Award recipients were the Governor of Lagos State, Babajide Sanwo-olu; the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; the Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama; and the President, Capital Market Academics of Nigeria, Professor Uche Uwaleke.Posthumous awards were also conferred on the trio of the late Chief Akintola Williams, Nigeria’s first Chartered Accountant; the late Chief Subomi Balogun, pioneer banker; and the late Florence Seriki, a pioneering female tech entrepreneur.The event featured 25 award categories and brought together key players from across the financial services sector to celebrate excellence, resilience, and leadership that are shaping the future of Nigeria’s capital market.NEWS
Tinubu is God’s gift to Nigeria, Says Arthur Eze

By Andrew Oota, Abuja
The Chief Executive Officer of Atlas Oranto Petroleum, Arthur Eze has described President Bola Tinubu as “God’s gift to Nigeria”.Eze lauded Tinubu’s leadership style, reform-driven governance, and commitment to national unity.Speaking in an upcoming State House documentary marking Tinubu’s second anniversary in office, Eze said the president exemplified the bold and God-ordained leadership Nigeria needs at this pivotal moment in history.
The oil magnate said: “God doesn’t make mistakes. That man, Tinubu, was created for a purpose. God gave him the power to change lives.“Tinubu has no enemies. He is a unifier. He speaks with humility and honesty; that’s why we admire him.”Reflecting on his experience during the Nigerian civil war and his deep roots in the South-East, Eze noted that Tinubu has demonstrated an unprecedented commitment to inclusivity and development in the region.“What Tinubu has done for the South-East, nobody else has. He gave us the Minister of Works, the Minister of Science and Technology, and the South-East Development Commission. This is an opportunity for the Igbo to unite with the rest of Nigeria,” Eze was quoted as saying in a statement issued by presidential spokesman Bayo Onanuga on Sunday, May 25, 2025.Eze, therefore, urged Nigerians to support the president for stability, growth, and future prosperity.“He’s not a man of division — whether Christian or Muslim, he respects all. All he asks is that we pray to God and work together,” he added.