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DSS Confirms ‘Entrenched Interests’ Plot to Install Interim Government

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By Gom Mirian, Abuja

The Department of State Services (DSS), yesterday said it has confirmed a plot “by some key players” to install an interim government and stop Bola Ahmed Tinubu from being inaugurated as president.

The plot includes embarking on violent protests nationwide to engineer the declaration of a state of emergency as well as securing frivolous court injunctions to stall the inauguration, the DSS said.

In a statement yesterday, the Public Relations Officer of the secret police, Peter Afunanya, said: “The Department of State Services (DSS) has identified some key players in the plot for an Interim Government in Nigeria.

“The Service considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis.

“The illegality is totally unacceptable in a democracy and to the peace loving Nigerians. This is even more so that the machination is taking place after the peaceful conduct of the elections in most parts of the country.”

There have been agitations for Tinubu, the president-elect, not to be inaugurated on May 29, 2023 based on complaints by his opponents on the presidential election.

Datti Baba-Ahmed, the vice-presidential candidate of the Labour Party (LP), specifically called on President Muhammadu Buhari and Olukayode Ariwoola, the chief justice of Nigeria (CJN), not to inaugurate Tinubu, tagging it an “illegality”.

Some demonstrators also went to the defence headquarters building in Abuja on Tuesday to protest the outcome of the presidential election in what might be understood as an invitation for military intervention.

Afunanya alleged that some protests are being sponsored.

“The planners, in their many meetings, have weighed various options, which include, among others, to sponsor endless violent mass protests in major cities to warrant a declaration of State of Emergency. Another is to obtain frivolous court injunctions to forestall the inauguration of new executive administrations and legislative houses at the Federal and State levels,” he said.

“The DSS supports the President and Commander-in-Chief in his avowed commitment to a hitch-free handover and will assiduously work in this direction. It also supports the Presidential Transition Council and such other related bodies in the States. It will collaborate with them and sister security and law enforcement agencies to ensure seamless inaugurations come 29th May, 2023.

 “Consequently, the Service strongly warns those organising to thwart democracy in the country to retract from their devious schemes and orchestrations.

“Stakeholders, notably judicial authorities, media and the Civil Society, are enjoined to be watchful and cautious to avoid being used as instruments to subvert peace and stability of the nation. While its monitoring continues, the DSS will not hesitate to take decisive and necessary legal steps against these misguided elements to frustrate their obnoxious intentions.”

IPOB Denies Plan to Print Biafra Currency, Form Govt

The Indigenous People of Biafra, IPOB, Wednesday said it has no plans to print Biafra currency and operate a government in exile.

IPOB’s spokesman, Emma Powerful, warned those he described as autopilot to desist from such a move.

In a statement he signed, Powerful distanced IPOB from the autopilot group, stressing that the group has no faction.

Powerful, who distanced IPOB from those operating Radio Biafra in the United States, noted that those operating under the guise of the Directorate of State are not members of IPOB.

“We the Indigenous People of Biafra (IPOB) under the command and leadership of the great liberator Nnamdi Kanu once again reiterate that IPOB is not part of the formation of Biafra government in exile anywhere.

“The people behind the shambolic Radio Biafra government in exile in the USA are not IPOB members, and they should stop linking themselves to us.

“Those piloting government in exile in the USA are not IPOB members, and they don’t mean well for Biafra freedom and restoration.

“IPOB has no plan to print Biafra currency, stamps, and other important state documents because we are not yet a sovereign nation. If we print currencies now, where can they be used as legal tender,” the statement read in parts.

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Veritas Kapital Records N13.6bn Premium in 2025

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Veritas Kapital Assurance Plc has reported an eight percent rise in Gross Written Premium to N13.6 billion in the first half of the year.Managing Director of Veritas Kapital Assurance, Dr. Adaobi Nwakuche disclosed this in a statement on Wednesday in Lagos.Nwakuche said the performance reflected strong market presence and effective distribution channels.

She noted that Net Insurance and Investment Income surged by 244 per cent to N5.
2 billion, from N1.52 billion recorded in the full year 2024.According to her, Profit After Tax reached N3.2 billion, already surpassing the company’s total earnings for the full year 2024.“These results affirm the strength of our values-driven model, built on our people’s dedication, a clear strategy, and unwavering focus on customer value,” she said.
Nwakuche said Total Assets rose by 11 per cent to N37 billion from N33.1 billion in 2024, showing improved financial health and operational efficiency.She added that shareholders’ funds increased to N15.1 billion from N11.92 billion in 2024, underscoring investor confidence and sound governance.“This performance is the result of disciplined underwriting, investment optimisation, expanded digital capabilities, and strong customer-focused service delivery.“The H1 2025 results go beyond growth. They show Veritas Kapital’s evolving role as a partner in progress, delivering solutions relevant to individuals, businesses, and communities. “Each figure tells a story of protection delivered, promises honoured, and futures secured. We are building trust, not merely growing profits,” Nwakuche said.She added that as Nigeria adapts to new economic realities, Veritas Kapital is charting a course defined by agility, innovation, and intentionality.The company, she said, is investing in digital access, claims responsiveness, and talent development, while reinforcing its core values of integrity, transparency, and service.

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FG Disburses N5.12bn Pension Arrears to 90,689 DBS Pensioners

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By Tony Obiechina, Abuja

The Federal Government has released funds for the disbursement of N5.12 billion in pension arrears to 90,689 Defined Benefit Scheme (DBS) pensioners under the Pension Transitional Arrangement Directorate.This was contained in a statement by the Head of Corporate Communications of PTAD, Olugbenga Ajayi.

He said that the directorate had finalised the disbursement of the money.
The Nigeria Customs Service, the Nigeria Immigration Service, and Prisons Pension Department (CIPPD) pensioners are 8,626, received N276,032, for one-month arrears; the Police, Pension Department (PPD) pensioners are 9,681, received N619,584, for two months as arrears.
The Civil Service Pension Department (CSPD) pensioners are 12,773, received N408,736, for one-month arrears, and the Parastatals Pension Department (PAPD) pensioners are 59,609, received N3,814,He said that the payment reaffirms the administration’s commitment to ensuring that pensioners receive their due entitlements in line with the Renewed Hope Agenda of President Bola TinubuAccording to the statement, the approvals align with the President’s Renewed Hope Agenda.
“This move shows President Tinubu’s strong commitment to senior citizens’ welfare and marks a new era in DBS pension management,” said PTAD, Executive Secretary, Tolulope Odunaiya.Among the key measures is the immediate implementation of an extra budgetary allocation to enforce new pension rates for DBS pensioners.The President also endorsed the adoption of a proposed pension harmonisation policy, which will be incorporated into the 2026 pension budget. Additionally, health insurance coverage for all DBS pensioners has been approved, ensuring access to essential healthcare services.The proposed reforms include a new pension rate of N32,000 and incremental increases of 10.66% and 12.95% for pensioners from defunct and privatised agencies. Other components of the reform package include harmonisation of pension rates across all DBS pensioners and their enrolment into the National Health Insurance Scheme (NHIS).In June, PTAD announced the successful disbursement of N8.6 billion in pension arrears to 148,625 eligible DBS pensioners across various sectors. The payments reflect the implementation of the N32,000 pension increment approved by President Tinubu in 2024.PTAD had previously settled arrears related to the first pension increment of 20% to 28%, which came into effect in January 2024.

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NAF Offensive Decimates 592 Terrorists, Destroys 372 Assets in Eight Months

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By David Torough, Abuja

The Nigerian Air Force (NAF) has killed no fewer than 592 terrorists and destroyed 372 enemy assets in Borno within the last eight months, surpassing the total operational gains recorded in 2024.A statement by NAF’s spokesman, Air Commodore Ehimen Ejodame yesterday said the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, said this during a courtesy visit to Gov.

Babagana Zulum of Borno.
Abubakar said the offensive had destroyed 206 technical vehicles and 166 logistics hubs in deep hostile territory, with coordinated day-and-night strikes from Gonori to Rann, Dikwa to Damboa, Azir to Mallam Fatori.He said the offensive had been boosted by the deployment of A-29 Super Tucano aircraft capable of precision and night missions, Mi-171 helicopters for medical evacuation and logistics, and enhanced intelligence, surveillance and reconnaissance platforms for round-the-clock target tracking.
He added that a new Mi-35 gunship was expected to further intensify close-air support for ground troops in the theatre.“Backed by an upgraded fleet and precision night-strike capabilities, NAF aircraft executed 798 combat sorties, clocking over 1,500 operational flight hours in the Air Component of Operation Hadin Kai.“This year, our air war is faster, sharper, and more surgical.“We are taking out high-value targets, crippling their logistics, and hunting down every cell that threatens the peace of the North-East,” he said.The CAS also praised the “Borno Model” of combining community-driven non-kinetic measures with decisive military action, saying it had proven effective in the counter-insurgency campaign.He also inspected facilities at the NAF Base, met with aircrew and ground personnel, and received operational briefings.He reaffirmed the NAF’s commitment to precision air power, intelligence-led operations, and inter-agency collaboration to protect Nigerians.In his response, Gov. Zulum praised the NAF for its sustained air support in degrading terrorist capabilities and protecting communities.According to him, the NAF has been a steadfast partner in their fight against insurgency.“Your operations have saved countless lives and allowed our communities to begin rebuilding.“The people of Borno recognise your sacrifices and stand firmly behind you,” he said.

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