Nigeria

ICYMI: Nigeria to integrate global Islamic finance standards into financial reporting

By Sabiu Abdullahi

The Financial Reporting Council of Nigeria (FRC) has announced plans to incorporate international Islamic finance standards into the Nigerian Financial Reporting Framework (NFRF).

Executive Secretary of the FRC, Dr. Rabiu Olowo, disclosed this development in Abuja on Wednesday, explaining that the initiative seeks to strengthen regulatory clarity, protect investors, and position Nigeria as a leading hub for Islamic finance in Africa.

Dr. Olowo stated that the engagement with stakeholders follows last year’s decision to adopt the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) standards for both Islamic and non-interest financial institutions operating in Nigeria.

He emphasized the differences between Islamic and conventional finance systems, particularly in areas such as interest prohibition, risk-sharing, asset-backed financing, and ethical investment. According to Olowo:
“These differences make it important for us to coordinate closely with stakeholders to effectively integrate the standards and innovations of Islamic finance institutions.”

He added that the updated framework will ensure that financial reports accurately reflect the substance of non-interest transactions, including governance and disclosure requirements. Olowo said:
“Adopting the AAOIFI standards will enhance transparency, accountability, comparability and consistency in financial reporting across Nigeria’s non-interest finance sector, while strengthening market discipline and boosting investor confidence.”

Citing the global growth of Islamic finance, Olowo noted examples such as the issuance of Sukuk and other non-interest instruments in countries like the United Kingdom, highlighting the expanding acceptance of these financial models beyond traditional markets.

He clarified that the adoption of these standards is not intended to disrupt existing financial operations, but rather to improve clarity, credibility, and regulatory certainty for institutions offering non-interest financial products.

Dr. Basheer Oshodi, representing the Non-Interest Finance Institutions of Nigeria, explained that the initiative aims to build Islamic finance deliberately and set clear guidelines. He added:
“More importantly we won’t disrupt the financial reporting framework, but we will enhance it and give it more potency so that by Q1 this year we should start implementing.”

This move is expected to strengthen Nigeria’s non-interest finance sector and provide investors with greater confidence in the country’s financial reporting standards.

Police in Nigeria arrest ‘Yahoo Boy’ for murdering friend over sharing internet fraud proceeds

By Sabiu Abdullahi

The Delta State Police Command has arrested a 28-year-old man over the alleged killing of his friend and former classmate following a disagreement linked to internet fraud proceeds.

The arrest was disclosed in a video statement by the police spokesperson in the state, Bright Edafe, a superintendent of police. In the clip, the suspect identified himself as Oghenegare and admitted involvement in online fraud, popularly called “Yahoo Yahoo”.

According to the police spokesperson, the victim, identified as Courage, aged 25, lost his life after a dispute broke out between him and the suspect during their fraudulent online activities.

“The suspect murdered his friend and former classmate,” Mr Edafe said.

He explained that both men were engaged in internet fraud when a transaction disagreement escalated into violence.

“They went into the business of internet fraud, and somehow, they had a transaction conflict resulting in a fight where he used something that looks like a small shovel or a battle axe on the head of the deceased,” Mr Edafe stated.

Speaking in the video, the suspect openly acknowledged his role in internet fraud. When asked about his occupation, he said, “I am an internet fraudster, Yahoo boy.”

He told investigators that the victim introduced a “job” expected to generate close to $1,000. He alleged that the victim later refused to share the WhatsApp login details connected to the deal, which prevented him from accessing the transaction.

According to a report filed by Premium Times, the suspect said the disagreement led to a physical confrontation. He explained that he used a broken “sharp shovel” kept in his home for security to attack the victim.

“I kept it (the shovel) at home in case a thief visits,” he said.

He further told the police that he cut the victim’s head with the tool and later disposed of the weapon while attempting to evade arrest.

Mr Edafe said the police are still searching for the murder weapon.

The suspect also claimed that both he and the deceased belonged to a cult group known as Black Axe. He said the victim was known within the group by the alias “Vikings”.

When questioned about any benefit from cult involvement, he responded, “Nothing.”

The incident comes amid continued concern over the spread of internet fraud in Nigeria. Law enforcement agencies have sustained efforts to curb the crime across the country.

In September last year, the Economic and Financial Crimes Commission arrested 28 suspected internet fraudsters in Ilorin. The operation led to the recovery of luxury vehicles and electronic devices linked to the illegal activities.

Previous reports have shown that internet fraud remains deeply rooted in parts of Nigerian society, with many young people attracted by promises of quick wealth and an affluent lifestyle.

BUK moves to curb unauthorised use of own name, identity on social media

By Abdullahi Mukhtar Algasgaini

Bayero University Kano (BUK) has officially prohibited the unauthorized use of its name, acronym, or official logo on all social media platforms. The ban is aimed at protecting the institution’s reputation and ensuring the accuracy of information associated with it.

The directive was contained in a public notice issued on Thursday, 29th January 2026, by the University’s Director of Public Affairs, Malam Lamara Garba, acting on behalf of the Registrar.

The statement expressed the University’s concern over the increasing unauthorised use of its identity by individuals and groups on social media. It noted that such practices have the potential to mislead prospective students, applicants, and the general public who may mistakenly associate the content with the official university.

Consequently, the university has banned any person or group from using “Bayero University Kano,” its acronym “BUK,” or its official logo on any social media page or account without prior written authorization from the university management.

The notice further ordered all those currently using the university’s name or insignia without permission to remove them immediately. It warned that anyone found violating this directive would face appropriate sanctions.

The move is seen as part of broader efforts by the institution to safeguard its brand integrity and combat the spread of misinformation.

BUK moves to curb unauthorised use of own name, identity on social media

By Abdullahi Mukhtar Algasgaini

Bayero University Kano (BUK) has officially prohibited the unauthorized use of its name, acronym, or official logo on all social media platforms. The ban is aimed at protecting the institution’s reputation and ensuring the accuracy of information associated with it.

The directive was contained in a public notice issued on Thursday, 29th January 2026, by the University’s Director of Public Affairs, Malam Lamara Garba, acting on behalf of the Registrar.

The statement expressed the University’s concern over the increasing unauthorised use of its identity by individuals and groups on social media. It noted that such practices have the potential to mislead prospective students, applicants, and the general public who may mistakenly associate the content with the official university.

Consequently, the university has banned any person or group from using “Bayero University Kano,” its acronym “BUK,” or its official logo on any social media page or account without prior written authorization from the university management.

The notice further ordered all those currently using the university’s name or insignia without permission to remove them immediately. It warned that anyone found violating this directive would face appropriate sanctions.

The move is seen as part of broader efforts by the institution to safeguard its brand integrity and combat the spread of misinformation.

Troops neutralise ISWAP terrorists in Borno

By Anas Abbas

Troops of the Nigerian Armed Forces have dealt a significant blow to fighters of the Islamic State West Africa Province (ISWAP) during offensive operations in Borno State, military sources confirmed on Thursday.

According to a statement issued by the theatre command of Operation Hadin Kai, soldiers engaged ISWAP elements in coordinated actions across insurgent-held terrain in the early hours of the day. The engagements resulted in several militants being killed, with additional insurgent positions disrupted.

Military officials said the operations are part of an ongoing campaign to suppress extremist activity in the northeast and degrade the capabilities of ISWAP and allied groups.

In recent weeks, troops have maintained pressure on insurgent lines, repelling attacks and seizing weapons and logistics materials during clearance patrols.

The Defence Headquarters reiterated its commitment to sustaining momentum in counter-terrorism efforts until lasting stability returns to affected communities in Borno and neighbouring states.

Film Review: TAQDEER

Taqdeer (Divine Decree), a 2025 Nigerian Islamic film directed by Ruben Reng, is a captivating tale of love, fate, and cultural heritage. Starring Ibrahim, Sakina, Mustapha, and Zainab as leading characters, this film weaves a narrative that explores the intricacies of human relationships against the backdrop of Nigerian and Hausa traditions.

The film’s plot revolves around themes of destiny, faith, and choices, unfolding a story that keeps viewers engaged. The narrative delves into the lives of its characters, exploring their struggles and triumphs in a way that resonates deeply. 

Watching Taqdeer is a visually immersive experience. The cinematography captures the vibrant essence of Abuja, blending traditional and modern elements harmoniously. The film’s use of Hausa language and Islamic cultural references adds authenticity, making the story feel both personal and universal. The performances by the cast are compelling, bringing depth to their characters.

Taqdeer’s formal techniques, such as its cinematography and sound design, effectively enhance the narrative’s emotional impact. The film’s portrayal of Islamic moral themes and traditions provides a rich context for the story, making it relatable and thought-provoking. The blend of music and story-based sound adds to the film’s atmosphere, drawing viewers into the world it creates.

Analytically, while Taqdeer is strong in many areas, certain scenes linger longer than necessary, which can detract from the story’s overall momentum. Nevertheless, these moments are outweighed by the film’s strength, particularly its moral richness.

In conclusion, Taqdeer is worth watching for its engaging narrative, moral richness, and strong performances. It offers a glimpse into Nigerian Muslim culture and explores universal themes of love and fate, making it a compelling watch for audiences interested in diverse storytelling.  

Reviewed by

Rexford Asamoah Adu

radu@smail.uni-koeln.de

Journalist raises alarm over delayed retirement benefits for Bauchi retirees

By Sabiu Abdullahi

A journalist in Bauchi State, Muhammad Sani Mu’azu, has expressed deep concern over the plight of some retired government workers, especially former journalists, who are yet to receive their gratuities.

Muhammad Sani Mu’azu made the remarks in a post on his Facebook page, noting that the will left by the late veteran journalist, Malam Dalhat Hamid Bello, deeply troubled him. The will urged Bello’s children to use his gratuity to settle debts owed to him, highlighting the difficult circumstances the late journalist faced after retirement.

According to Muhammad Sani, Malam Dalhat Hamid Bello often called him to give advice on work and life, particularly on reducing stress and workload. However, Bello never openly expressed regret for dedicating his life to public service. Muhammad Sani said the frequent advice indicated that Bello had faced challenges after leaving government service.

He emphasized that no work he has done at the radio station, or may do in the future, could match the level of sacrifice shown by Malam Dalhat Hamid Bello. What surprised him, he added, was that the late journalist often advised him to take things easy. He described this as a valuable lesson for young journalists.

Muhammad Sani noted that if Malam Dalhat Bello’s gratuity had been paid on time, it would have prevented the need to publicize his will on social media or wait until the government made a posthumous payment.

He praised the Bauchi State Government for its promise to settle the late journalist’s gratuity, calling it commendable and expressing good wishes for the governor. However, he added that “there is still a long way to go.”

The journalist also pointed out that many retirees, like Malam Dalhat, are still alive but desperately in need of their gratuities. Some of these are former journalists who dedicated their lives to public service but now live in hardship.

He explained that a typical trait of retired journalists is to hide their struggles. Even in difficult circumstances, they often appear cheerful and well-dressed, while close family members know the hardships they endure.

Muhammad Sani Mu’azu appealed to the Bauchi State Governor to show compassion to other retirees yet to receive their gratuities. He urged the government to act promptly, even if it means borrowing funds, so that these workers can be paid while still alive, rather than waiting until death to release large sums to their heirs.

Nigerian soldiers overrun kidnappers’ camp, free eight captives In Kaduna

By Sabiu Abdullahi


Troops of Sector 7 under Operation ENDURING PEACE (OPEP) have dismantled a kidnappers’ hideout in Badurum Kasa Forest, located in Kauru Local Government Area of Kaduna State, and rescued eight abducted persons.

This is contained in a statement released by the Nigerian Army today via their official Facebook handle.

The operation took place on January 28, 2026, after the troops received credible intelligence on the activities of the criminal group.

Acting swiftly, the soldiers moved into the forest in a coordinated mission alongside operatives of the Zango Kataf Police Area Command, members of the Civilian Joint Task Force, Forest Guards, and local hunters.

According to military sources, the joint team advanced deep into the forest and made contact with the kidnappers at about 5:59 p.m. The criminals reportedly became overwhelmed by the firepower and tactical advance of the security forces. They abandoned their captives and escaped into nearby bushes.

As a result of the operation, eight victims were rescued without injuries and later reunited with their families. Those freed are Mrs Rashida Musa (19), Mrs Hafsat Nuhu (18), Mr Zakari Saleh (52), Miss Hasiya Yahaya (13), Mr Ahmed Yahaya (14), Mr Ibrahim Saiba (11), Miss Salma Yahaya (14), and Mr Sophan Idris (18).

The operation highlights the Nigerian Army’s continued cooperation with other security agencies and local support groups. It also reflects ongoing efforts to safeguard lives, secure key areas, and limit the activities of criminal groups within Kaduna State and beyond.

Nigerians in UK launch fundraiser to ship remains of murdered student back home

By Sabiu Abdullahi

Nigerians resident in Norwich, United Kingdom, have commenced a fundraising drive to facilitate the return of the remains of Uchenna Okirie, popularly called “Common Man,” who was stabbed to death in his student residence in November 2025.

Okirie, a Nigerian citizen, was reportedly killed under circumstances that unsettled both residents of the area and members of the Nigerian community in the UK. A 27-year-old Congolese national, Benjamin Katabana, has been charged in connection with the incident.

To raise funds for his repatriation and burial in Nigeria, the Nigerian Community Norwich set up a GoFundMe campaign titled, “Rest in Peace, Uche: Help Us Return Him to His Family.”

As of Wednesday, the appeal had attracted £1,149 from 67 donors, out of a target of £7,000.

In the message accompanying the fundraiser, organisers paid tribute to Okirie, describing him as a kind-hearted and selfless individual who dedicated himself to helping others.

“We are heartbroken to share the passing of our dear friend and colleague, Uchenna Okirie, fondly known by many as ‘Common Man’… Uche was tragically stabbed to death in his home. He was a remarkable soul—steady, genuine, and deeply compassionate,” the statement read.


The community disclosed that Okirie earned a Master’s degree in Development Economics from the University of East Anglia during the 2021/2022 academic session. During his time at the institution, he also served as an international student ambassador.

He was said to be well known among students for assisting newcomers to the UK as they settled into their new environment.

“When friends arrived in the UK with nowhere to stay, he opened his home without hesitation… When someone needed help setting up a bank account, searching for a job, or navigating a new environment, Uche showed up,” the organisers stated.


They further noted that his calm nature, sincerity, and habit of placing others first earned him deep respect, adding that he would be remembered for his “unique smile, quiet generosity, and habit of placing others’ comfort above his own.”

According to the Nigerian Community Norwich, Okirie left behind friends, classmates, and colleagues who were deeply affected by his death. The group explained that the funds would cover the cost of transporting his body to Nigeria and support burial arrangements, as he had no immediate family members in the UK.

“This is our way of giving back to someone who gave so freely of himself. No contribution is too small, and every donation brings us closer to giving Uche the farewell he deserves,” the organisers added.

Army major killed in ISWAP attack on military patrol in Borno

By Sabiu Abdullahi

A major in the Nigerian Army has died following an attack by fighters of the Islamic State West Africa Province (ISWAP) on a military patrol in Damasak, the headquarters of Mobbar Local Government Area in Borno State.

Sources said that the officer, who commanded the Damasak military base, was leading a foot patrol of approximately 30 soldiers early on Friday when the team came under explosives and gunfire from the insurgents.

“From what I gathered the commander of the Damasak base led a foot patrol of 30 troops early on Friday. They came under explosives and gun attack from ISWAP, forcing them to disperse. Only eight soldiers returned to base while 22 are unaccounted for, including the commander, a major,” a source said.

Reports indicated that attempts to reach the major by phone were answered by an unknown individual, leading to speculation that he might have been captured. “Someone answers his phone each time his base tries to reach him, indicating he is in the hands of ISWAP,” the source added.

However, another security source disputed the claim of abduction, asserting that the officer was killed during the ambush.

The incident follows a similar attack last year when Brigadier General M. Uba was killed by ISWAP fighters after they ambushed a convoy of soldiers and Civilian Joint Task Force (CJTF) operatives along Damboa Road in Borno while transporting military equipment.

This attack shows the ongoing threat posed by ISWAP in the region and the continuing risks faced by Nigerian military personnel in the northeast.