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Moniepoint commits ₦3b to establish innovation hubs in OAU, others

Nigeria’s leading financial technology company, Moniepoint, has announced a landmark ₦3 billion investment to establish world-class innovation hubs in three foremost Nigerian universities — Obafemi Awolowo University, Ile – Ife; Ahmadu Bello University, Zaria and University of Nigeria, Nsuka.

The announcement was made by the Chief Executive Officer of Moniepoint, Tosin Eniolorunda, during the official launch of the initiative at Obafemi Awolowo University, Ile-Ife, on Monday.

Speaking at the event, Eniolorunda explained that the initiative was conceived to bridge the gap between classroom learning and practical industry application, particularly in the fields of engineering, technology, innovation and the digital economy.

A release by the Public Relations Officer of the University, Abiodun Olarewaju, stated that the vision was inspired by Eniolorunda’s personal academic journey as a graduate of Mechanical Engineering from Obafemi Awolowo University and his commitment to giving back to institutions that nurture future innovators and nation-builders.

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Troops Arrest 21 Suspected Drug Peddlers In Abia Community

Troops of the 144 Battalion (Rear) under Operation Eastern Sanity have recorded a major operational breakthrough following a coordinated joint raid that led to the arrest of 21 suspected illicit drug peddlers at Owaza Mammy Market in Ukwa West Local Government Area of Abia State.

The operation, carried out on Tuesday, May 25, 2026, was based on credible intelligence indicating the alleged activities of crude oil bunkerers, illegal petroleum dealers, pipeline vandals, and illicit drug traffickers operating within the market and surrounding bushes.

In a statement issued by the Acting Assistant Director, Army Public Relations, 14 Brigade Nigerian Army, Abia State, Mazinho Attah, the operation involved troops of the 144 Battalion (Rear) working in collaboration with personnel of the Nigerian Navy Component and the Nigerian Air Force 511 Quick Response Group.

According to the statement, security operatives executed a well-coordinated raid by swiftly cordoning off the market and adjoining suspected criminal hideouts before conducting an extensive search operation.

The raid led to the arrest of 21 suspects allegedly found in possession of large quantities of illicit substances, including Indian h**p, rizzlers, and suspected hard drugs commonly referred to as “ice.”

Security operatives also recovered the sum of N103,000 believed to be linked to the suspected illegal activities.

The arrested suspects are currently undergoing preliminary profiling and are expected to be handed over to the National Drug Law Enforcement Agency (NDLEA) for further investigation and possible prosecution.

The Nigerian Army stated that aggressive patrols and area domination operations have continued across the general area to deny criminal elements operational freedom.

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Court Dismisses Suit Seeking to Bar Goodluck Jonathan From 2027 Presidential Race, Fines Plaintiff ₦20M

A Federal High Court in Abuja has struck out a suit seeking to disqualify former President Goodluck Jonathan from contesting the 2027 presidential election, affirming that he remains constitutionally eligible to run.

In its ruling on a case marked FHC/ABJ/CS/2102/2025, Justice Peter Lifu held that earlier judicial decisions by both the Federal High Court in Yenagoa and the Court of Appeal had already settled the question of Jonathan’s eligibility to seek another presidential term.

The court consequently dismissed the suit for lacking merit and imposed a ₦20 million fine on the plaintiff, Johnmary Jideobi, for instituting what it described as an unmeritorious

Officials of the Independent National Electoral Commission (INEC) were present in court during the judgment delivery.

The suit had sought a perpetual injunction to restrain Jonathan from presenting himself to any political party or being listed as a presidential candidate for the 2027 election, as well as to stop INEC from accepting his nomination.

The ruling comes amid heightened political speculation over Jonathan’s possible return to active politics, especially after reports that a faction of the Peoples Democratic Party (PDP) had granted him a waiver and automatic presidential ticket.

Jonathan had earlier told supporters that he would consult widely before making any decision on a possible 2027 run, describing the presidency as a serious responsibility.

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A Federal High Court sitting in Abuja will today, May 26, 2026, deliver its judgment in a suit seeking the disqualification of a former President, Goodluck Jonathan, from the 2027 presidential race.

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