IBEDC Apologises Over Blackouts in Ogun, Oyo, Kwara

The Ibadan Electricity Distribution Company, IBEDC, has apologised to Band A customers in Ogun, Oyo and Kwara states after several feeders failed to provide the required daily electricity supply hours on Monday.

The company blamed the outages on technical faults, load shedding, forced outages and disconnections linked to unpaid bills, with some feeders recording no power supply.

One of the affected feeders was the Water Works, Ojere 33kV feeder serving Arakanga Water Scheme and Iberekodo in Abeokuta, which IBEDC said was disconnected over non-payment.

Other affected feeders included those serving Papalanto Train Station in Ogun and Moniya Train Station in Ibadan, while the Joju feeder supplying parts of Owode, Ajibode and Iya Ilogbo experienced a prolonged outage due to a breaker fault.

IBEDC said some other Band A feeders recorded between 12 and 19 hours of supply due to equipment faults and load shedding, but reaffirmed its commitment to meeting the required supply hours.

Tinubu: Nigeria Must Turn Economic Stability Into Jobs, Investment

President Bola Tinubu says his administration is now shifting its focus from achieving economic stability to using that stability to drive investment, increase production, create jobs and improve Nigerians’ living standards.

Tinubu made this known on Tuesday at the 19th Annual Banking and Finance Conference in Abuja, where he said the economic reforms introduced by his government were beginning to deliver positive results.

The President, who was represented by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the banking and financial sector would be vital to achieving the country’s economic transformation.

Tinubu said stability should serve as the foundation for achieving greater prosperity.

He said his administration had implemented difficult reforms in foreign exchange, taxation, public finances and fiscal management to correct structural problems that had built up over several decades.

He pointed to the economy’s 4.43 per cent growth in the second quarter of 2026 and an estimated 17 per cent increase in GDP in US dollar terms during the first half of the year as evidence of progress.

The President also maintained that Nigeria was still on course to reach a $1 trillion economy by 2030, while its purchasing-power GDP had exceeded $2.2 trillion.

He further cited rising external reserves, now above $54 billion, declining inflation, increased investor confidence and positive assessments from international rating agencies as signs of economic improvement.

Tinubu called on banks to move beyond traditional financial intermediation and play a bigger role in transforming the economy by providing more funding to businesses and productive sectors.

He identified economic growth, financial inclusion, technology, long-term financing and public trust as key priorities for creating a stronger and more resilient financial system.

The President also called for deeper development of Nigeria’s capital markets, pension, insurance and asset management industries to attract long-term funding for infrastructure, manufacturing, housing and energy.

He stressed the importance of public confidence in the financial system, saying strong consumer protection and effective regulation were necessary to sustain financial stability.

Leadership Dispute Emerges Over Iru Ekun Commandant Position

A leadership disagreement has emerged within the Iru Ekun Security Organisation in Ijebu North, Ogun State, following differing claims over who should occupy the position of Commandant, the head of the organisation.

One of the groups involved said Comrade Ilerioluwa Adekoya initiated the idea of establishing Iru Ekun and was supported by his colleague, Mrs Success Balogun, popularly known as Iron Lady. The group argued that their contributions to the establishment of the organisation should be taken into consideration in choosing its Commandant.

Another group, represented by Comrade Mukaila Asebebe, Comrade Idowu Ayodele, popularly known as Olori Odo, Comrade Akeem Salisu and Comrade Olusegun Dada, also stated its position on the leadership issue. The group said its members had several years of experience in security activities, while Iru Ekun was established more recently.

The group further stated that stakeholders and prominent dignitaries involved in the selection process chose Comrade Idowu Ayodele, also known as Olori Odo, as Commandant. It said his long-standing involvement in security activities in Ijebu-Igbo, good conduct and commitment to security were among the factors considered.

The dispute has therefore focused on competing claims over who has the right to lead the Iru Ekun Security Organisation. While one side points to its role in initiating the organisation, the other relies on its experience in community security work. Stakeholders are expected to resolve the disagreement and determine the leadership of the organisation.

Stakeholders Select Olori Odo as Iru Ekun Commandant in Ijebu North

The selection of a Commandant for the Iru Ekun security organization is currently generating discussions in Ijebu North, Ogun State, as stakeholders seek to determine the head of the organization.

Speaking on the matter, Comrade Mukaila Asebebe, Comrade Idowu Ayodele, popularly known as Olori Odo, Comrade Akeem Salisu, and Comrade Olusegun Dada, popularly known as Atilari, said they have been involved in security activities for several years.

According to the group, although Iru Ekun is a relatively new security organization, its members have longstanding experience in security work within Ijebu-Igbo and have remained committed to maintaining security in the area.

The group explained that important stakeholders and dignitaries came together to select Comrade Idowu Ayodele, also known as Olori Odo, as the Commandant. They said his years of involvement in security activities, good conduct, and absence of reported misconduct were among the factors considered in the selection.

The selection is currently at the centre of discussions in Ijebu North, with stakeholders expected to resolve the matter and establish the leadership structure of the Iru Ekun security organization.