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New year: 2026 will be turning point for Nigeria – Tinubu

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President Bola Ahmed Tinubu has assured citizens that 2026 will mark a turning point toward stronger economic growth, improved living conditions and security.

In his New Year goodwill message on Wednesday, the President acknowledged the sacrifices Nigerians have made over the past year, insisting that the tough economic reforms introduced by his administration are beginning to show results.

According to Tinubu, despite global economic challenges, Nigeria recorded steady progress in 2025, with consistent economic growth, improved exchange rate stability, and a gradual decline in inflation, which he said fell below 15 per cent by year’s end.

“We are starting to see the benefits of the difficult decisions we took,” the President said, expressing confidence that ordinary Nigerians would feel the impact more clearly in the months ahead.

He noted that the economy grew steadily throughout 2025, with annual growth expected to exceed four per cent, while the Nigerian Stock Exchange recorded one of its strongest performances in years, gaining over 48 per cent and attracting renewed investor interest.

Tinubu also pointed to the country’s improved external position, revealing that Nigeria’s foreign reserves rose to $45.4 billion by late December 2025, offering stronger protection for the naira against external shocks.

He added that foreign direct investment climbed sharply in the third quarter of the year, a development he attributed to growing confidence in Nigeria’s economic direction.

On government finances, the President said his administration remains committed to fiscal discipline and fairness, particularly in addressing the burden of multiple taxation faced by citizens and small businesses. He praised states that have adopted harmonised tax systems and promised that tax reforms in 2026 would focus on easing pressure on basic consumption while raising revenue in a sustainable way.

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President Tinubu also acknowledged Nigerians’ concerns over insecurity, reaffirming his commitment to protecting lives and property. He disclosed that Nigerian forces, working with international partners, carried out coordinated operations against terrorist groups in parts of the Northwest late in 2025 and have continued pressure on criminal networks across affected regions.

The President said security agencies would strengthen cooperation at home and abroad, while his administration continues to push for decentralised policing and properly regulated forest guards as part of long-term solutions to insecurity.

On social development, Tinubu announced plans to fast-track the Renewed Hope Ward Development Programme in 2026, targeting at least 10 million Nigerians for economic empowerment through agriculture, trade, mining, and small-scale processing at the community level.

He assured citizens that key infrastructure projects covering roads, power, railways, ports, healthcare, education, and agriculture would continue without disruption, with the aim of improving food security and everyday quality of life.

Calling for unity, the President reminded Nigerians that national progress requires collective effort.

“Nation-building is a shared responsibility,” he said, urging citizens to remain patient, hopeful, and committed to the country’s future.

Tinubu, however, wishes Nigerians a peaceful, productive, and prosperous New Year, while praying for the safety of the nation’s security forces and lasting peace across the country.

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South Korean judge who hiked ex-first lady’s jail sentence found dead

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A South Korean judge who more than doubled the former first lady’s prison sentence last month was found dead on Wednesday, police said.

Shin Jong-o was “found unconscious around 1:00 am (1600 GMT on Tuesday)… at the Seoul High Court building”, an investigator at Seocho district police station told AFP.

Shin was taken to the hospital and pronounced dead, he said, adding: “There is no sign of foul play in the death.”

Local media reported that Shin had left a suicide note, but the investigator said there was none.

Last month, Shin presided over 53-year-old Kim Keon Hee’s appeal trial, finding her guilty of stock manipulation and bribery, and increasing her sentence to four years from 20 months.

The heavier sentence came after her acquittal by a lower court on the stock manipulation charge was overturned.

Shin said at the time that Kim had “failed to acknowledge her culpability and has instead consistently resorted to excuses”.

The police investigator said on Wednesday that the judge’s “bereaved family is stricken by the incident” and requests privacy.

AFP

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Court frees ex-HOS Oyo-Ita in N570m money laundering case

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The Federal High Court in Abuja on Tuesday discharged and acquitted former Head of Service of the Federation, Winifred Oyo-Ita, of alleged N570m money laundering charges filed against her by the Economic and Financial Crimes Commission.

The trial judge, Justice James Omotosho, upheld the no-case submissions filed by Oyo-Ita and eight co-defendants, holding that the EFCC failed to establish a prima facie case against them after about six years of trial.

“The case presented by the prosecution has no weight whatsoever,” the judge ruled.

Justice Omotosho described the anti-graft agency’s case as one “built on the quicksand of speculations, suspicions and shoddy investigation.”

He added that the prosecution failed to establish the predicate offences required to prove money laundering allegations.

“Crucial elements of money laundering offences, which are the establishment of a predicate offence, were glaringly absent in this case presented by the prosecution,” he said.

The judge held that the prosecution failed to prove that funds allegedly traced to Oyo-Ita were proceeds of unlawful activities.

According to him, evidence before the court showed that contracts linked to the allegations were duly approved and executed.

He also held that estacodes, duty tour allowances and air tickets allegedly received by Oyo-Ita were properly approved.

“There is no proof before the court that estacodes or duty allowances were approved and subsequently collected without the corresponding trips being undertaken,” the judge said.

He faulted the prosecution for failing to tender travel approvals, official memos, audit queries or other documentary evidence to support its allegations.

“The prosecution has, in effect, invited the court to engage in speculation,” he added.

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Justice Omotosho further held that Oyo-Ita was neither a director nor shareholder in the companies allegedly linked to the transactions under investigation.

“The prosecution did not provide any shred of evidence to show that the monies are tainted with illegality,” the judge ruled.

He subsequently upheld the no-case submissions filed by all the defendants and discharged and acquitted them on the 18-count charge.

The EFCC had arraigned Oyo-Ita and others in March 2020 over allegations bordering on fraud involving duty tour allowances, estacodes and contract kickbacks amounting to about N570m.

During the trial, the commission called eight witnesses and tendered documentary exhibits.

However, the defendants argued that the prosecution failed to establish any ingredient of the offences to warrant them entering a defence.

Justice Omotosho also rejected confessional statements allegedly obtained from Oyo-Ita and some co-defendants, ruling that they were not obtained in compliance with provisions of the Administration of Criminal Justice Act.

He held that the prosecution failed to produce video recordings of the statement-taking sessions as required by law and consequently expunged the statements from evidence.

Oyo-Ita was removed from office by the administration of the late President Muhammadu Buhari in September 2019, amid corruption allegations.

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Missing Ebonyi engineers’ families demand fresh probe

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Wives of five engineers linked to NELAN Consulting have rejected recent comments by the Minister of Works, David Umahi, accusing him of attempting to “sweep the truth under the carpet” over the disappearance and presumed killing of their husbands in 2021.

In a strongly worded rejoinder signed by the wives of the engineers, namely Mrs Patricia Onyemeh, Mrs Lovette Edeani, Mrs Ifeoma Ejiofor, Mrs Esther Aneke, and Mrs Nwazulum, the women said Umahi’s response failed to address “grave factual and moral concerns that have persisted for nearly five years.”

The statement follows Umahi’s March 16, 2026, response in which he reportedly linked the engineers’ disappearance to communal unrest.

But the families disputed this, insisting that “the characterisation of the disappearance of the five engineers… as a general consequence of communal crisis is completely outrageous, misconceived, misrepresented, and flawed.”

The engineers, who were supervising an African Development Bank-backed ring road project in Ebonyi State, went missing on November 3, 2021, during Umahi’s tenure as governor.

According to the families, their husbands had travelled for an official meeting arranged by the state government, and were last seen in connection with the project.

“Credible accounts indicate that the victims were last seen in connection with official engagements linked to the Ebonyi Ring Road project,” the statement read, raising “legitimate questions” about attempts to attribute the incident to communal violence.

The wives alleged irregularities in the handling of the case by security agencies, particularly the Department of State Services and the Nigeria Police Force.

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They questioned why a DSS investigator, identified as Victor Chijioke Onyesom, was “suddenly sacked at the peak of his investigation,” alleging that he had been tracking communications linked to the case.

“Who influenced the conspiracy to terminate the investigation at DSS?” they asked.

The families also faulted the police for presenting skeletal remains without conducting DNA verification.

“The police presented them to the family as remains of the victims, but refused to do a DNA test.

“The test further showed that one of the five skeletal remains belonged to a female, whereas the five missing engineers are all men,” the statement said.

It further accused authorities of rushing to file charges against six suspects without concluding investigations or producing bodies.

“Without a doubt, the conspiracy in hurriedly filing the purported charge… was to tactically close the investigation… and shield the real culprits,” the wives said.

They added: “Where are the bodies of our husbands? You arrested their killers.”

The families also alleged intimidation after petitioning top government officials, including President Bola Tinubu, Senate President Godswill Akpabio, and House Speaker Tajudeen Abbas.

According to them, “an undisclosed person… threatened us not to push further for the reinvestigation of the case.”

Rejecting Umahi’s position outright, the wives said: “We totally reject David Umahi’s responses as misconceived and unfounded,” citing “interference in the investigative process, the sudden termination of the investigation, the removal of key investigators, and the suppression of critical evidence.”

They described the case as a “whitewash, cover-up, mischief, conspiracy, and plot to use the court to foreclose investigation.”

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The families called on the President, National Assembly leadership, and civil society groups to compel security agencies to reopen the case.

“We will have no option but to embark on another protest if the investigation is not reopened.

“The blood of our dear husbands will never go in vain,” the wives said.

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