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Inspector-General of Police Olatunji Disu receives protective gear from US-based Signal 63 Ministries
via Punch Nigeria1 min read
The Inspector-General of Police, Olatunji Disu, received a donation of protective gear from the United States-based organization Signal 63 Ministries, facilitated by the Fundamental Baptist Ministry International. The consignment was presented at the Force Headquarters in Abuja. Mr. Bill Graham of Signal 63 Ministries and Rev. and Mrs. Philemon Sidi of the Fundamental Baptist Ministry International facilitated the donation. Disu commended their efforts, stating the donation is a critical intervention to enhance the safety and operational confidence of frontline personnel. He reaffirmed his administration's commitment to equipping officers for effective service delivery, emphasizing that the well-being of personnel is non-negotiable and a cornerstone of building a more resilient and professional police force.
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Bang Si-hyuk, the founder of Hybe, the management company behind K-pop group BTS, could face arrest due to allegations of fraudulent trading related to the company's stock market debut. South Korean police have requested prosecutors seek an arrest warrant, claiming Bang misled investors in 2019 about Hybe’s initial public offering while allegedly preparing for the listing in secret. Police allege that Bang, who is also Hybe’s chairman, misrepresented the company’s listing prospects and financially benefited, reportedly pocketing approximately 200 billion won $136 million; £101 million. Bang has denied any wrongdoing, with his legal team expressing regret over the police's move and stating their intention to cooperate with legal procedures to clarify their position. The case, under investigation for months, has involved raids on Hybe’s headquarters, asset freezes, and calls for Bang to resign as chairman. He has also been under a travel ban since August. Hybe, listed on South Korea’s Kospi exchange in October 2020, gained global prominence largely through BTS. This development occurs as BTS begins a comeback world tour, projected to generate over $1 billion in revenue for Hybe. Under South Korean law, illicit gains exceeding 5 billion won can lead to penalties ranging from five years to life imprisonment. Bang Si-hyuk, who co-founded JYP Entertainment before establishing Big Hit Entertainment now Hybe, is considered a key figure in K-pop’s global rise.
The Federation Account Allocation Committee FAAC distributed N2.04 trillion as revenue for March 2026, an increase of N150 billion from the N1.89 trillion shared in February. This was announced by Bawa Mokwa, Director of Press and Public Relations for the Office of the Accountant General of the Federation, following the April 2026 FAAC meeting in Abuja. The total distributable revenue included N1.32 trillion from statutory revenue, N515.39 billion from Value Added Tax VAT, and N200 billion in augmentation. The Federal Government received N789.16 billion 38.8%, states received N657.60 billion 32.3%, and local government councils received N468.83 billion 23.0%. Oil-producing states were allocated N120.76 billion as derivation 5.9%. Total gross revenue for March 2026 was N2.364 trillion, with N81.08 billion deducted for collection costs and N246.87 billion for transfers, refunds, and savings. Gross statutory revenue for March 2026 was N1.699 trillion, an increase of N137.91 billion from February, which largely drove the higher FAAC distribution. However, VAT collections saw a marginal decrease, with N664.425 billion in March compared to N668.450 billion in February. Companies Income Tax, Capital Gains Tax, Stamp Duties, and Excise Duty showed significant increases, indicating improved non-oil tax performance. Conversely, Petroleum Profit Tax, Hydrocarbon Tax, oil and gas royalty, import duty, and CET declined. The FAAC outcome highlights the growing strength of non-oil taxes, wh
Must ReadThe Nigerian Investment Promotion Commission NIPC recently hosted a UK trade and investment delegation in Abuja, positioning Nigeria as a competitive and reform-driven destination for global capital. The UK–Nigeria Trade and Investment Mission, held from April 20 to 21, 2026, was a collaboration with DMA Invest and the UK Department of Trade, with participation from the British High Commission and private sector stakeholders. The NIPC stated that the mission delivered a clear message to potential investors that Nigeria is open for business and ready to compete. The two-day event included ministerial roundtables, sector-specific discussions, and targeted Business-to-Government and Business-to-Business meetings, aiming to convert dialogue into concrete investment deals. Participants identified specific, bankable opportunities to accelerate investment inflows and deepen bilateral economic ties. DMA Invest described the mission's performance as its best ever, attributing it to ongoing institutional reforms and improved coordination. Aisha Rimi, Executive Secretary and CEO of NIPC, led the engagements, emphasizing the goal of translating strategic engagements into real projects and partnerships that impact Nigeria’s economy. She highlighted the need to convert gains from President Bola Tinubu's recent state visit and other UK–Nigeria engagements into measurable investment outcomes. The NIPC views the mission as a significant step in strengthening economic cooperation and attractin
Chelsea Football Club has announced the dismissal of head coach Liam Rosenior after 107 days in charge, citing a string of poor results including five consecutive Premier League defeats without scoring. The club confirmed the decision in a statement, acknowledging it was not taken lightly but was necessary due to performances falling below required standards. Rosenior, appointed in January on a six-year contract to replace Enzo Maresca, leaves Chelsea seventh in the Premier League and seven points shy of Champions League qualification, though the team remains in the FA Cup. Calum McFarlane will serve as interim head coach until the end of the season, starting with Sunday’s FA Cup semi-final against Leeds. Chelsea stated they will undertake a process of self-reflection to find a long-term appointment for the head coach position.