NEWS
Crisis Brews at FUT Minna as ASUU Cries out over Illegal Recruitment, Interference

From Dan Amasingha, Minna
Academic Union of Universities (ASUU) of the Federal University of Technology, Minna has strongly condemned the latest discoveries about illicit recruitment tactics at the institution.
The FUT chapter of ASUU said it was highly concerned by the university management administration’s flagrant disregard for due process and infringement of university autonomy.
The Chairman ASUU in the university, Professor Gbolahan Bolarin stated this in a statement issued on Wednesday in Minna, Niger State.
He accused some individuals of manipulating the recruitment procedures and that reducing academic appointments to mere political instruments was alarming and inappropriate.
According to Gbolahan Bolarin, ” For example, a senator representing Niger East Senatorial District, through his Senior Legislative Aide (SLA) proudly displayed in public, letters of employment of two individuals that benefited from the illegal recruitment process (which was captured as a constituency project).
Gbolahan said, “as a Union of Academics, we are worried about the collusion between the university’s administration, politicians, and staff of the accountant general’s office (IPPIS to be specific) to undermine the integrity of academic appointments.
“Our Union posited that the Federal University of Technology, Minna, just like other universities has been charged with safeguarding the ideals of academic independence, transparency and merit,” he declared.
He however noted that new findings pointed to a troubling pattern of meddling with the university’s autonomy, thereby jeopardizing the integrity of its academic activities.
Furthermore, the statement added that ASUU requests that the University management should prioritize adherence to predefined recruitment rules and respect for academic autonomy.
Additionally, the ASUU branch chairman is asking all concerned to retrace their steps and prevent avoidable disharmony in the University because “we will not sit back and allow our University to be reduced to glorified secondary school due to the quality of the academic staff”.
Accordingly, he said, “this illegal recruitment and interference with university autonomy at the Federal University of Technology, Minna are reprehensible and must be addressed immediately”, and emphasized that the federal government had announced in December 2023 that the universities are now exempted from IPPIS, stressing that it became worrisome when staff of IPPIS were sighted “on our campus in March, 2024 capturing about one hundred people recruited without advertisement and or interview.”
Professor Bolarin attributed some of these infractions to the lack of governing council in federal universities, adding that as a result of which many VCs are now hiding under approval/waiver from the Minister of Education and Head of Service to circumvent laid down rules and procedures.
“Consequently, we call on the president (visitor to Federal Universities) to urgently reinstate Governing Councils on all our campuses.
“We want to confirm our commitment towards safeguarding academic staff interests and maintaining the integrity of the Nigerian University system.
“The union invites all the good people of Nigeria to join forces to protect the autonomy and reputation of our Universities across the country,” said the chairman.
NEWS
Robust Capital Market Crucial for Nigeria’s Economic Prosperity- NGX Chairman

Chairman, Nigerian Exchange Group, Dr Umaru Kwairanga, says the Nigerian Capital Market has experienced exponential growth since he assumed office in 2022.He reiterated the group’s commitment to deepening Nigeria’s capital market in alignment with President Bola Tinubu’s vision of growing the nation’s GDP to one trillion dollars by 2030.
In a statement issued in Lagos, Kwairanga was said to have made the remarks while delivering a keynote address at the “For the Love of Our Country (FLOC) 2025” symposium, held at Bayero University Kano (BUK) on Friday. He spoke on the theme, “Reimagining Nigeria’s Economy for a Prosperous Future: Where We Were, Where We Are, and Where We Should Be in the Next Decade”.According to him, the All Share Index (ASI) rose from 48,837 basis points to 111,742 basis points, while market capitalisation grew from N26.375 trillion to N70.463 trillion by May 2025.He said that bond markets were included with total market capitalisation now at over N121 trillion.“This growth shows that we have more than doubled the indices of both our equity and bond markets in just over two years.“However, our goal is even more ambitious as we work towards making the capital market central to achieving a $1 trillion economy,”he said.Kwairanga emphasised the strategic importance of a robust capital market in financing long-term infrastructure, encouraging formalisation of businesses, and mirroring the nation’s true economic potential.He noted with concern that Nigeria’s market capitalisation remains less than 20 per cent of Nigeria’s GDP, compared to South Africa’s Johannesburg Stock Exchange which exceeds its national GDP.To address this, he outlined several initiatives being undertaken by NGX Group and its regulators, particularly the Securities and Exchange Commission (SEC), to enhance market transparency and efficiency.He said these include the dematerialisation of share certificates, resolution of unpaid dividend backlogs, and the recent reduction in clearing time for secondary market transactions to T+2.“We are working closely with regulators and stakeholders to make our market more accessible and attractive.”He said that major listings in the oil and gas sector, such as the planned sale of a stake in NNPC Ltd. and the anticipated listing of Dangote Petrochemicals, would significantly boost market capitalisation.He also spoke on digital innovation as a key driver of market participation, citing the launch of NGX Invest, a digital platform for primary market offers and financial literacy campaigns targeting youths, students, and members of the National Youth Service Corps (NYSC).The chairman revealed the ongoing engagements with institutional investors such as pension fund administrators and mutual funds.He also hinted on the development of sophisticated products like exchange-traded funds, derivatives, and ethical investment instruments.He highlighted efforts to integrate African capital markets through cross-border linkages that would allow investors in Nigeria to trade shares listed on exchanges in countries like Ghana and vice versa.In spite challenges such as declining disposable income, infrastructural deficits, and global economic headwinds, Kwairanga expressed optimism that these could be surmounted.“We are confident that Nigeria will have the broader, deeper, and more sophisticated capital market it deserves before the end of this decade,”he said. (NAN)NEWS
FCT Emergency Department Rescues Suspected Victim of ‘one Chance’ in Asokoro

The Federal Capital Territory Emergency Management Department (FEMD) says it has rescued a woman, who was forcefully pushed out of a moving vehicle in Asokoro, Abuja, on Friday.The department’s Head of Public Affairs, Mrs Nkechi Isa, disclosed this in a statement in Abuja.
Isa said that the incident occurred at about 4:30 p. m. at the Powerhouse Bus Stop Junction,Yakubu Gowon Crescent in Asokoro. According to her, eyewitnesses at the scene said the woman was pushed out of a moving vehicle suspected to be a robbery, by “one chance” operators.She described “one chance” as a criminal gang posing as commercial drivers with passengers, leaving one space (one chance) for an unsuspecting victim.Once they take off, the criminals dispossess the victims of their valuables and often throw them out of the moving vehicle.She said that the FEMD Search and Rescue Team was notified of the incident by the FCT Fire Service and immediately swooped into action.“On arrival at the scene, the team found the victim, identified as Khadija Salisu, unconscious but without visible physical injury.“She was promptly taken to the Asokoro District Hospital and is responding to treatment,” Isa said. (NAN)NEWS
Ministry Warns Public Against Fake Account

The Ministry of Foreign Affairs on Friday warned against the use of social media accounts by unscrupulous individuals spreading false information about its officials.The ministry’s spokesperson, Kimiebi Ebienfa, issued the warning in Abuja following the creation of a fake Facebook account in the name of Permanent Secretary, Amb.
Dunoma Ahmed. Ebienfa said, “This fraudulent account is being used to spread false information, promise contracts, solicit help, and offer enticing rewards to unsuspecting members of the public. “The Ministry firmly disassociates itself from this impersonation and urges the public to disregard any messages from the fake account, which is not an official channel. “It is important to clarify that the Permanent Secretary does not operate or own any social media account.” He advised the public not to engage with individuals or groups behind such fraudulent schemes, as they are deceptive and harmful. According to him, the ministry is working closely with security agencies and Meta, Facebook’s parent company, to investigate and shut down the fake account. Ebienfa reaffirmed the ministry’s commitment to transparency, integrity, and protecting citizens from fraudulent activities across all platforms. (NAN)