Renewed Hope project unveils students’ wing

The Renewed Hope Project 2027 has inaugurated its Lagos State Students Coordination with plans to engage students across tertiary institutions ahead of the 2027 general elections.

Speaking at the inauguration and press conference in Lagos, the State Students Coordinator, Sanni Olamide, said the initiative would focus on education, youth participation, opportunities and national development.

Olamide described the Renewed Hope Project 2027 as a political campaign structure connected to the 2027 activities of President Bola Ahmed Tinubu, Dr Kadiri Obafemi Hamzat and other All Progressives Congress (APC) candidates in Lagos State.

He said the students’ coordination would provide a platform for students to access information, ask questions and engage with policymakers and political stakeholders.

According to him, the group would organise Lagos Students Policy and Development Symposiums and campus town-hall meetings to discuss education, employment, entrepreneurship, technology, leadership and governance.

Olamide also announced plans for a proposed one-million-man Lagos students and youth march as part of the project’s campaign activities to express support for Tinubu’s re-election bid and continuation of the Renewed Hope Agenda.

On education, he highlighted the Nigerian Education Loan Fund (NELFUND), scholarships and technical and vocational education and training (TVET) programmes as areas of government intervention aimed at reducing financial barriers to education.

The Federal Ministry of Education currently lists revised scholarship grants, including an increase in the undergraduate Nigerian Scholarship Award from N300,000 to N450,000.

Olamide said the student coordination would work with student leaders and other stakeholders to take discussions directly to campuses.

He said the structure would be guided by ‘discipline, inclusion, accountability, respect for student leadership, measurable engagement’ and the use of data and facts.

‘Students deserve information. Students deserve access. Students deserve the opportunity to ask questions. And students deserve to participate meaningfully in the democratic process,’ he said.

Olamide added that the initiative was not only about political mobilisation but also about creating opportunities for students to engage with policymakers and participate in discussions about Nigeria’s development.

Electoral Act: Why INEC must be disbanded over Appeal Court judgment – Gbenga Hashim

Accord Party chieftain and Co-Chairman of Movment for Democratic Renewal, Dr. Gbenga Hashim, has called for the disbandment and reconstitution of the Independent National Electoral Commission (INEC) over its blatant disregard of a Court of Appeal judgment on the Electoral Act.

The Court of Appeal had voided Sections 77(5), 77(6), 77(7) and 84(2) of the Electoral Act 2026, and held that the provisions were inconsistent with Sections 221 and 222 of the 1999 Constitution, as amended.

Hashim said the implication of the July 16, 2026 judgment of the Court of Appeal in Abuja instituted by the Zenith Labour Party (ZLP) is far-reaching, arguing that actions taken by INEC under provisions subsequently declared inconsistent with the 1999 Constitution (as amended) could no longer stand.

The judgment followed an appeal by the Zenith Labour Party challenging provisions dealing with political party membership registers and candidate nomination including the timetable and schedule of INEC activities .

The Court of Appeal held that ordinary legislation cannot impose restrictions on political parties that conflict with powers already guaranteed by the Nigerian Constitution (as amended).

The Court of Appeal also stated that, ‘no other condition contained in a subsidiary law could disqualify an individual already qualified by the Constitution.’

Dr. Hashim insisted that reconstitution of the electoral body is germane to a transparent and credible 2027 general election.

Furthermore, he described ‘everything INEC has done’ under the disputed legal framework as a nullity; pending the final determination of the matter by the Supreme Court.

Hashim questioned why the electoral commission would seek to sustain statutory provisions which the Court of Appeal had declared inconsistent with the Constitution.

‘The Constitution is supreme. The National Assembly makes laws. INEC administers elections. INEC is not the Parliament and INEC did not make the Constitution.

‘So when a competent Court of Appeal declares specific provisions of an Electoral Act inconsistent with the Constitution, why is INEC fighting in court to restore those provisions rather than working with relevant political parties to address previous infractions?’

INEC has appealed the judgment to the Supreme Court.

On Wednesday, September 16, 2026, the Supreme Court heard arguments in the appeal and reserved judgment.

A seven-member panel, led by Justice Adamu Jauro, said the date for judgment would be communicated to the parties.

Regardless, Hashim stressed that his objection was not against INEC’s legal right to appeal.

‘Of course, INEC can appeal. The issue is not whether it has the right to appeal. The question Nigerians should ask is; ‘what institutional interest does the electoral umpire have in sustaining provisions which a competent appellate court has declared inconsistent with the Constitution?’

‘Does this not raise questions about INEC’s complicity in the very process that Nigerians are asking it to be an umpire over?’

Hashim warned that the commission’s action could described as going against Nigeria’s democracy.

‘INEC is fighting in all courts, including the Supreme Court, wasting public resources to hire big lawyers to sustain provisions of the Electoral Act that contradicts the Constitution. INEC is complicit in the perfidy to rape Nigeria’s democracy.

‘INEC, as presently constituted, is a threat to Nigeria’s democratic order.’

According to Hashim, an electoral commission should be the first institution to insist on constitutional compliance rather than defend statutory provisions that have been judicially declared inconsistent with the Constitution.

‘An electoral commission should be the first institution to insist on constitutional compliance.

‘It should not be seen as defending a statutory arrangement that has been judicially declared unconstitutional designed primarily by the ruling party legislators to constrict the democratic space’

Hashim said the development reinforces warnings he had made before now that the 2027 electoral process could become a ‘coronation’ rather than a genuine democratic contest.

‘We warned ever before now that what INEC seeks to do in 2027 is a coronation, not an election.’

He said the danger was not limited to election day, arguing that democracy also depends on whether citizens and political party members are allowed to genuinely participate in selecting candidates.

‘An election means that citizens and members of political parties genuinely participate in choosing their candidates and ultimately their leaders.

‘A coronation is the presentation of a predetermined choice for public endorsement through a process that constricts rather than widens the political space,’ and added that, ‘from all indication, INEC is supervising coronation, not conducting election.’

Hashim also criticised what he described as the silence of some opposition candidates who, according to him, had become less vocal after securing party tickets.

‘Some opposition candidates are deceived because they have been given gate-pass to attend the coronation ceremony and so, have lost their voices.

‘We shall continue to speak because we are not just politicians. We are democrats.’

Hashim also questioned what he described as the ‘conspiracy of silence’ of major media organisations over the Court of Appeal judgment and subsequent Supreme Court proceedings.

‘How can a Court of Appeal judgment declaring portions of the Electoral Act unconstitutional, followed by an appeal by INEC to the Supreme Court, not be one of the biggest stories in Nigeria?

‘How can a matter with direct implications for the rules governing political parties and candidates nomination ahead of 2027 election receive so little sustained national attention?’

He said Nigerians deserve to understand the constitutional questions before the Supreme Court without any attempt to interfere with judicial independence.

‘I am asking Nigerians to understand what is before the Court. Judicial independence does not mean public silence,’ Hashim insisted.

He questioned why major media organisations had not made the case a sustained National story.

‘Where are the front-page investigations? Where are the prime-time constitutional debates? Where are the legal experts explaining to Nigerians what the Court of Appeal actually declared and what the Supreme Court has been asked to determine?

‘Why are we discussing the politics of 2027 without sufficiently discussing the legal architecture under which the 2027 election will be conducted?’

Hashim said the fact that judgment had been reserved made sustained public attention even more important.

‘The case is now before the Supreme Court. The parties have argued their positions. Judgment has been reserved.’

He warned against a situation where Nigerians would only begin to understand the significance of the legal dispute after the 2027 election.

Hashim said his intervention should not be viewed merely through the prism of his political ambition.

‘I am not just a politician. I am first and foremost a crusader for the establishment and sustenance of the democratic order.

‘My commitment to democratic governance predates this particular contest. I will continue to defend the Constitution and Nigeria’s democratic order; whether the issue concerns me personally or another Nigerian.’

Hashim reiterated that he would continue to pursue the matter through lawful and constitutional channels and collaborate with individuals, political parties and organisations committed to true democracy.

‘I will pursue every lawful avenue available to defend democratic choice. I will challenge, through constitutional means, any action by public institutions which I believe compromises the democratic rights of Nigerians.’

Hashim consequently called for the disbandment and reconstitution of INEC, describing the move as necessary to restore confidence in the electoral process.

‘I believe INEC should be disbanded and reconstituted.

‘This is not a call to abolish elections or destroy electoral administration. It is a call to rebuild the institution responsible for conducting our elections.’

He said Nigeria needs an electoral commission that is institutionally independent and whose actions and activities are firmly anchored in the Constitution.

‘We need an electoral commission that is constitutionally grounded, professionally competent, transparent and genuinely independent of the political interests of the government of the day.

‘INEC must be stronger than individual politicians. It must be stronger than the government.

‘It must be stronger than the opposition. And, its first loyalty must be to the Constitution and the democratic choice of Nigerians.’

Hashim said Nigeria could not afford an electoral system in which citizens were invited to vote after critical political choices had already been determined through processes beyond their control.

‘The 2027 election must not become a ceremony for endorsing decisions already made elsewhere.

‘It must be an authentic democratic contest in which the constitutional rights of political parties, candidates and voters are upheld.’

Hashim said the central issue was ultimately whether Nigerians would be allowed to genuinely choose their leaders through a process in which constitutional rights and democratic choices were respected.

‘Nigeria needs an election, not a coronation; constitutional supremacy, not administrative complicity with evil and impunity; and democratic choice, not institutional capture.’

NEXT XV to usher new era in Sri Lanka schools rugby

Sri Lankan schools rugby will enter a new chapter with the launch of the inaugural NEXT XV franchise rugby tournament, bringing together 140 schoolboy players in a four-team competition from 19 September to 10 October at CR and FC Ground, Longdon Place.

The first game will kick off tomorrow (19) at 6 pm, and the second game will be at 8 p.m.

The tournament will feature four franchises: Colombo Aces, Kandy Tuskers, Galle Lions and Jaffna Bulls, with each squad comprising 35 players. Organisers have also guaranteed game time for every player during the four-week competition, making it one of the biggest talent development initiatives introduced in schools rugby.

NEXT XV will serve as the official national selection tournament for Sri Lanka Rugby. National selectors will closely monitor performances before naming a 40-member training squad for the Junior Asia Rugby Tournament, which Sri Lanka will host in Colombo this December.

The regional championship will feature Sri Lanka, Hong Kong China, Chinese Taipei and South Korea, with the winners securing Asia’s qualification berth for the 2027 Junior World Rugby Tournament.

The competition will begin with a three-round league stage before culminating in the third-place playoff and the grand final on 10 October.

Several leading school captains and standout performers from the recently concluded Schools Elite Rugby Sevens Championship have been drafted into the franchises. Shaakib Zumri has been appointed captain of the Colombo Aces, while Disas Pathirana will lead the Jaffna Bulls in their opening game, with Kandy Tuskers to be led by Pawan Liyanagama for their first game.

The NEXT XV franchise skippers

Colombo Aces: Shaakib Zumri

Jaffna Bulls: Disas Pathirana

Kandy Tuskers: Pawan Liyanagama

Galle Lions: To be appointed

Colombo Aces

Shaakib Zumri (capt), Hakeem Chunchi, Nisith Kumarasinghe (both vice captains), Evin Jayasena, Mohamed Fawaz, R. M. S. Bandara, Abdul Muzil, Kevin Weerakoon, Tuan Jayah, Deneth Chamuditha, A. N. Ahamed, Udan Bulathsinhalage, Abdul Ghani, Keshara Rahul, Inosh Silva, W. R. M. Gunathilake, Dinuka Perera, Nelith Hapugalle, Thenula Costa, Shevon Yanush, Thisun Perera, Hiruka Jayadinu, Ameen Rifaz, Sankitha Thewmin, Imadh Inam, Sadev Liyanage, Shaveen De Soysa, Nisal Chathura, Manuga Jayaweera, Lisath Pathirana, Shifaan Inthikab, Diyon Pietersz and Danitha Prabodha.

Kandy Tuskers

Pawan Liyanagama (capt), Minula Yaddehige, Achintha Jayasena, Afham Abdeen, Nethshan Manthusha, Mayanka Dias, Abdul Sallay, Methuka Wickramaratne, Raswin Sabar, M. H. M. Zain, Senuth Dissanayake, Zulfikar Saifullah, Maduranga de Silva, Tharusha Gimhana, Nethsara Lakkitha, Sanija Jayasuriya, Yehen Anavaratne, Hansaka Fernando, Demith Silva, Akira Yatawara, S. N. Haniffa, Simak Shafeek, Sachintha Uduwara, Geethma Dissanayake, M. S. Shafraz, J. M. D. A. Jayasundara, Manuja Boteju, Resandu Sahas, Chamith Samarasinghe, Nethula Dissanayake, Ayaan Hussain, Amindu Rajapaksha, Wagisha Dissanayake, Sasindu Dissanayake and Sandaru Dissanayake.

Jaffna Bulls

Disas Pathirana (capt), Udan Wijekoon, Nimantha Seneviratne, Hamza Abdeen, Nevith Manthusha, McKyle Karunaratne, Revone Perera, Dimath Bandara, Tatheera Dahamdiv, Praveen Lakmal, Jehan Gunasekara, Rehan Attanayake, A. M. C. Ahamed, Kaizer Lye, Naveed Thahir, Akeesha Pushpakumara, Irosh Jayasinghe, P. B. Bandara, Savistha Fernando, Menusha Marasinghe, Parthana Sanjana, Mukshidh Siyam, Pasindu Bandara, Damsath Peiris, Vinuja Jayathilake, Talish Soysa, Bilal Nazeer, Dinal Ekanayake, Jayathu Rajaratne, Dion Fernando, Methuka Mindula, Raaid Mazar, Tharush Aditya, Sheveen Nethsara and Madushan Jayarathna.

Galle Lions

Shan Althaf, Damian Perera, R. W. M. Hasindu, Shenuka Perera, Sadeesha Weerasinghe, Habeeb Uzni, M. R. M. Rifaz, Sahib Ishan, Ammaar Minhaz, Ashaz Akram, Ashlin de Silva, Thewan Siriwardhane, Yohan Gunawardena, Prathish Yapa, Shaheed Zumri, Nithika Fernando, Methupa Bandara, Ravindu Anjula, Januka Perera, Limasha Thathsarani, Jamaal Wakeel, I. J. M. Ahamed, Abdul Rahuman, Shevon Jayasuriya, Risindu Hewawasam, M. I. M. Rizan, Mandila Wickramasinghe, Shashika Madusanka, Aniq Kaleel, Ishen Bandara, Sithum Liyanage, S. K. Tharuka, Amindu Rajapaksha, Randeera Fernando and Akash Madusanka.

Ivan Peries painting fetches $ 640,000 at NY auction

A painting by Sri Lankan-born artist Ivan Peries has sold for $ 640,000 at Christie’s South Asian Modern + Contemporary Art auction in New York, setting a new auction record for a work by a Sri Lankan-born artist.

Christie’s described The Well as one of Peries’ most important works, noting it is the only one of his seven monumental ‘panel paintings’ to have been offered at auction. The painting was exhibited at the 1958 Venice Biennale and depicts a rural Sri Lankan coastal scene centred on a village well.

Peries was a founding member of Sri Lanka’s influential ’43 Group, the collective credited with shaping the island’s modern art movement. He was born in 1921 and died in 1988.

Oando’s shareholders approve cross-border listings

Shareholders of Oando Plc yesterday authorised the board of the energy group to undertake listings on other stock exchanges, in a major resolution that opened possible future listings on world’s stock exchanges.

At the 47th annual general meeting, shareholders reaffirmed confidence in the company’s earnings outlook and its board and management, expressing supports for strategic initiatives being undertaken to expand operations and deepen profitability

Group Chief Executive, Oando Plc, Mr Wale Tinubu, said the company has achieved several operational milestones and assured that shareholders would enjoy dividends of these achievements from the next business year.

He said the company has maintained operational control and disciplined execution of its growth strategy, which provide stable platform for building sustainable growth.

‘Operational control gives us execution capacity and creates value. We are focusing on clear accountability and stronger performance management. As we continue our integration, we will allocate capital responsibly, report on time, meet our guidance and commit to our choices,’ Tinubu said.

Chairman, Oando Plc, Mr Ademola Akinrele (SAN), commended the shareholders for their supports, assuring that the company remains focused on delivering good returns to its stakeholders.

He said: ‘I thank you all for your attendance today, and I’d like to thank you in particular, shareholders, for the range of your questions, the thoughtfulness of it, the insight of the questions, and the passion and love you’ve shown for the company, and also the patience and confidence you have reposed on the board’.

National Coordinator, Pragmatic Shareholders Association, Mrs Bisi Bakare, commended the board and management for their strategic approach to portfolio development and disciplined capital allocation.

‘I want congratulate the board and management for the strategic shift in the mining and infrastructure business from broad-based exploration to a more disciplined asset prioritisation approach. I believe this is a prudent approach, particularly given the need for disciplined capital allocation across the group,’ Bakare said.

Shareholders, at the virtual meeting, also approved amendments to the company’s Memorandum and Articles of Association to provide for physical, electronic or hybrid general meetings, as well as provisions relating to digital assets, cryptographic technologies, distributed ledger technologies, and other emerging technologies, subject to applicable laws and regulatory requirements.

All the resolutions presented at the meeting were passed, including the re-election of Mr Ademola Akinrele, Mr Omamofe Boyo, Mr Ikeme Osakwe and Mr Adeola Ogunsemi as Directors retiring by rotation; re-appointment of BDO Professional Services as the company’s external auditors; election of members of the Statutory Audit Committee; and approval of the remuneration of Non-Executive Directors.

Oando had seen a 20 per cent growth in total revenue in first half 2026 as improved operating efficiency and higher production drove the indigenous energy solutions group to its most remarkable performance in recent period.

Key extracts of the six-month report for the period ended June 30, 2026 released at the Nigerian Exchange (NGX) showed that group revenue rose by 20 per cent to N2.1 trillion. Gross profit quadrupled by 331 per cent to N101 billion while net profit after tax closed at N68.6 billion.

The financial results underlined significant operational improvements. Oando’s upstream subsidiary reported 92 per cent facility uptime compared to 85 per cent in 2025, resulting in 16 per cent increase in average production to 42,789 boepd in first half 2026 from 36,836 boepd in first half 2025.

The production performance included crude oil production, which improved by 19 per cent to 12,358 bopd; gas volumes, which rose by 14 per cent to 28,497 boepd, and NGL production, which increased by 16 per cent to 1,935 boepd.

The company attributed the first half 2026 performance to cost-optimisation initiatives, especially lower transport, logistics, service and information and communication technology (ICT) costs, alongside the benefit of higher production across a largely fixed field cost base.

The six-month results were also supported by successful drilling of new wells, restoration of 12 previously shut-in wells, and sustained improvements in facility uptime across OMLs 60-63.

In its trading arm, the group also saw a 2.1 per cent increase in trading volumes to 13.15 MMbbl. The company attributed this increase to its crude oil marketing and offtake programmes and increased sourcing from marginal field producers.

Oando reiterated its focus on expanding crude oil marketing and trading portfolio in the second half.

Tinubu said the first half 2026 results marked an important inflection point in Oando’s journey.

‘Over the past two years, our priority has been to successfully integrate one of the most significant upstream acquisitions in Africa and unlock the full value of our expanded portfolio. The progress achieved during the period demonstrates that we are now delivering the operational and financial outcomes expected from that transformation,’ Tinubu said.

He explained that the group’s performance was driven by operational efficiency as it strengthened asset integrity, improved facility reliability and reinforced security across operating areas, resulting in average facility uptime of 92 per cent while reducing production operating costs by 18 per cent to $16.83 per boe.

He said: ‘Our development programme also gathered significant momentum during the period as we successfully drilled and completed two land development wells, with an additional land well currently being drilled, while mobilising a second drilling rig to accelerate activity across our operated portfolio. In parallel, we continued an extensive programme of rig-less well interventions designed to restore production, sustain plateau output and mitigate natural field decline. Together, these activities increased average production to 42,789 boepd, representing 16 per cent year-on-year growth.

‘This translated into a stronger financial performance, with revenue increasing by 20 per cent to N2.1 trillion, while the business generated N179.5 billion in operating cash, improving liquidity. Profit after tax also increased by 8.0 per cent to N68.6 billion, reflecting the overall improvement in operating performance during the period’.

In 2026, Oando embarked on an extensive drilling programme across both the operated and non-operated portfolio. With this already yielding results in first half within OMLs 60-63, the company hopes to complete its seven-well programme with planned drilling across its assets in Idu T, Samabri A and Ogbanbiri. This is to be complemented by a rig-less programme of approximately 100 well intervention activities planned across the portfolio for the full year. Together, these activities are expected to add production, sustain plateau and offset natural field decline across the portfolio.

Tinubu reassured on the outlook of the group, noting that the group has established a clear roadmap for sustainable growth.

He said: ‘Looking ahead in 2026, our priorities remain firmly centred on completing our seven-well drilling programme and portfolio-wide well intervention campaign while delivering production of circa 50,000 boepd. Beyond 2026, our identified inventory of 62 development wells, supported by 55 planned well interventions, provides a clear pathway towards our medium-term production ambition of approximately 100,000 boepd.

‘Furthermore, we shall execute an intensive fundraising and balance sheet restructuring programme to optimise our capital structure, strengthen our financial position, improve working capital, enhance financial flexibility and ensure the business is appropriately funded to accelerate growth and maximise long-term shareholder value

‘We have built a resilient operating platform and established a clear roadmap for growth. Our focus is now on translating our significant opportunities into higher production, a stronger balance sheet and superior long-term returns for our shareholders’.

The company reaffirmed full-year production guidance of 40,000-50,000 boepd, supported by a seven-well drilling programme across OMLs 60-63, of which two wells have been completed, with two more in progress. The trading arm has revised its guidance to 22-26 MMbbls following adjustments to a crude oil marketing programme. The company also continues to advance the rights issue and its $1.5 billion multi-instrument issuance programme and the expansion of its clean energy initiatives.

Lagos APC names Ogunsan, Lakanu, Odumosu in 36-man security team

The Lagos State chapter of the All Progressives Congress (APC) has constituted a 36-member Security and Intelligence Directorate under its Campaign Council ahead of the 2027 governorship election.

The directorate, unveiled as part of preparations for the poll, is made up of retired senior security officers, professionals and community stakeholders drawn from different backgrounds.

Prominent members include the Executive Secretary and CEO of the Lagos State Security Trust Fund (LSSTF), Dr. Ayodele Ogunsan; retired Deputy Inspector General of Police (DIG), Taiwo Lakanu; General Olumuyiwa Okunowo; and retired Assistant Inspector General of Police (AIG), Hakeem Odumosu.

The directorate is expected to coordinate public safety and security matters during the campaign of the APC governorship candidate, Dr. Kadri Hamzat. It will also handle stakeholder engagement in the course of the party’s political activities.

Other members of the committee are Dr. Rasaq Balogun, retired Colonel Dele Oyefuga, Comrade Sola Omojuwa Omosebi, Sheriff Muhammed, Liasu Rasaq, and Wasiu Ogunlana.

Also on the list are Sefiu Bello, Bolaji Idris Ariyo, Tunde Oyedeji, DCP Fashesan, Kenny Motajo, Adesanya Tolulope, Adedoyin Rojaiye and Sule Yusuf.

The directorate further includes Alhaji Gafar Owolabi, Damilola Bamgbose Ajaja, Abdulrasaq Adewole, Opeyemi Ogunsakin, Yomi Jones, Niyi Olofin, Gbemisola Olusegun Kebku, Wuzu Shakiru, Issa Folami, Comrade Rasaq Olokuoba, ACP Segun Odunlami, ACP Leke Smith and Prince Ifalade Oyekan.

Rounding off the membership are Ireti Ayomide Adewole, Ayo Adesanya, Adeyinka Isiaka, Adekunle Muritala and Chief Dayo Ariyo.

The constitution of the directorate is part of the APC’s broader organisational preparations for the 2027 governorship contest in Lagos State, as political parties across the state intensify plans ahead of the election.

Asia Asset Finance Rights Issue oversubscribed, strengthening capital position and investor confidence

Asia Asset Finance PLC (AAF) has further strengthened its capital position following the successful oversubscription of its Rights Issue, reinforcing the company’s financial resilience and providing a stronger platform for its next phase of sustainable growth.

The Rights Issue comprised 45,162,012 Ordinary Voting Shares at Rs. 33.30 per share, offered on the basis of four shares for every 11 shares held, with the objective of raising approximately Rs. 1.504 billion.

Investor response exceeded the amount sought. Applications totalling approximately Rs. 1.937 billion were received, resulting in the issue being oversubscribed by approximately Rs. 432.49 million. AAF received 1,264 applications for 44,582,154 shares under shareholder entitlements, together with 247 applications for a further 13,597,662 additional shares.

The newly infused capital further enhances AAF’s capital base and supports the company’s continued focus on maintaining a strong Capital Adequacy Ratio (CAR). The strengthened position provides additional capacity to support business expansion, reinforce operational resilience and pursue sustainable growth while maintaining prudent financial discipline.

Asia Asset Finance Chief Executive Officer Rajiv Gunawardane said, ‘The successful oversubscription of our Rights Issue is a strong vote of confidence in Asia Asset Finance and our growth journey. The new capital infusion further strengthens our capital adequacy and supports sustainable, responsible expansion. Backed by the strength of the Muthoot Group, we remain focused on advancing financial inclusion, supporting women’s financial empowerment, and expanding access to responsible financial solutions across underserved communities, while creating long-term value for all stakeholders.’

The successful capital raising adds further strength to an institution with over 55 years of experience in Sri Lanka’s financial services sector. AAF is the Sri Lankan subsidiary of Muthoot Finance, giving the company the backing, expertise and financial heritage of one of India’s leading financial services institutions.

Supported by a strengthened capital base, international parentage, an extensive distribution network and decades of local experience, Asia Asset Finance enters its next phase from a position of strength – focused on financial resilience, responsible growth, customer-centric innovation and creating sustainable value for Sri Lanka.

Abiodun inaugurates Ogun APC Campaign Council

Ogun State Governor Dapo Abiodun yesterday inaugurated the state Campaign Council of the All Progressives Congress (APC) for the 2027 general election.

He urged members to begin consultations, grassroots mobilisation and sustained engagement with voters across the state.

Prince Abiodun, who is chairman of the Campaign Council, said the inauguration marked the beginning of a new phase in the party’s preparations for the elections, directing members to translate the council’s organisational structure into effective action across the state’s 20 local governments, 236 wards and polling units.

The governor advised the council to work for the success of APC candidates, including President Bola Ahmed Tinubu, the party’s governorship candidate, Senator Olamilekan Adeola, popularly known as Yayi, his running mate, Alhaja Kudirat Adegunwa-Balogun, as well as the party’s candidates for the Senate, House of Representatives and House of Assembly.

Speaking at the inauguration in Abeokuta, Abiodun directed members to hold their inaugural meeting immediately and begin consultations and campaign activities without delay.

‘Let consultations and campaign now begin,’ he declared.

The governor said elections were not won merely through political reputation or the size of rallies, but through ‘scientific, deliberate and intentional preparation, organisation, vigilance and sustained engagement with the electorate.’

He urged members of the campaign council to take the APC message to markets, farms, workplaces, religious communities, professional associations, neighbourhoods and homes, noting that effective mobilisation must involve listening to the people and understanding their concerns.

‘Our campaign must be based on ideas, achievements and a credible vision. We must reach every local government area, ward, polling unit and community,’ he said.

He called for unity and discipline within the party, saying the ability of the APC to manage competing interests during the processes that produced its candidates demonstrated the importance of putting the collective interest above individual considerations.

‘Unity is not the absence of differences. It is the wisdom to ensure our differences do not become greater than our common cause,’ he said.

Abiodun says the campaign council brings together party leaders, strategists, professionals and grassroots organisers from across the three senatorial districts, with committees responsible for strategy, mobilisation, reconciliation, finance, security, media, youth and women engagement, welfare, transportation, digital communication, protocol, as well as traditional and religious affairs.

He cautioned members against treating their appointments as mere titles, saying membership of the council carried a responsibility requiring discipline, strategic thinking and humility.

‘These appointments are not decorative titles. They are instruments of service and responsibility,’ he said.

The governor charged the campaign organisation to communicate the achievements of his administration in infrastructure, education, agriculture, health care, security, investment promotion and social intervention.

He noted that the Gateway International Airport remained central to the state’s vision of developing an integrated aviation, agriculture, industrial and logistics hub, while other interventions had contributed to improving the business environment and positioning Ogun as a leading industrial and investment destination.

‘These are not abstract promises. They are visible on our roads, in our schools and hospitals, in our agricultural communities and in businesses expanding across our state,’ Abiodun said.

He warned that achievements could be misunderstood if they were not properly communicated, urging the campaign council to counter misinformation with facts, humility and clarity.

‘Good work that is not effectively explained may be misunderstood, while falsehood repeated without challenge may begin to appear credible,’ he said.

The governor directed the campaign organisation to operate as one coordinated political machinery, with leaders providing direction, committees translating strategy into action and grassroots structures sustaining engagement with voters.

He warned against factionalism, indiscipline and sabotage, stressing the need for proper reporting, early identification of challenges and prompt resolution of emerging issues.

Abiodun also charged APC members to maintain issue-based and civil communication throughout the campaign, rejecting insults, violence and intimidation.

‘Political victory loses its value when purchased at the expense of peace, because leadership cannot build upon the ruins of a divided society,’ he said.

The governor expressed appreciation to President Tinubu for his leadership and partnership with Ogun State through the Renewed Hope Agenda.

He also acknowledged the contributions of former governors Olusegun Osoba, Gbenga Daniel and Ibikunle Amosun; former Minister of Mines and Steel Development, Ambassador Sarafa Tunji Isola; Deputy Governor Noimot Salako-Oyedele; APC State Chairman, Chief Yemi Sanusi; Adeola; Adegunwa-Balogun; Director-General of the Campaign Council, Senator Lekan Mustapha; and other party leaders.

The governorship candidate, Adeola, in keeping with the governor’s call for an inclusive grassroots campaign, urged party members across the state to regard the 2027 election as a collective responsibility and assured those whose names were not included in the campaign council that they remained part of the party’s mobilisation structure.

He stressed that the campaign council was established to provide coordination and direction, rather than to exclude other members of the party, urging all APC members to remain active in their wards and local government areas.

Adeola called for sustained consultations and grassroots engagement, urging party members to take the party’s message to communities and work collectively for all APC candidates, from the presidential election to the governorship and legislative contests.

He said the party would provide the necessary coordination and support to strengthen mobilisation across the state, urging members to remain united and focused on the common objective.

Chief Osoba urged members of the party to close ranks, present a united front and work collectively for the success of the APC in the 2027 elections.

He appealed to aggrieved members to ‘sheathe their swords’ and work for the party, assuring them that their contributions would not be in vain.

He urged party members to put the interests of the APC above personal grievances and ensure that the campaign council remained focused on its mandate.

Abiodun thereafter formally declared the campaign council inaugurated and urged members to commence work immediately towards the party’s objectives in the 2027 general election.

‘Let us speak with one voice, work with one purpose and march in one direction,’ he said.

Bakare cautions stakeholders ahead of NBBF Elections

Former D’Tigers coach and President of Comets Basketball Club, Ayodele Bakare, has warned Nigerian basketball stakeholders against repeating past administrative mistakes as the race for the Nigeria Basketball Federation (NBBF) board leadership heats up.

Bakare in a statement released Thursday, questioned the sudden prominence of wealthy individuals vying for the NBBF presidency, warning that short-term financial interventions should not dictate the sport’s future for another four years.

He alleged a recurring pattern where wealthy figures with minimal history in the sport step in through tournaments, clinics, and prize money before being presented as administrative saviours.

‘Do you remember the things that swayed us to settle for our outgoing NBBF Board President?’ Bakare said, describing the last eight years as the worst period in the history of Nigerian basketball administration. He added that past promises of personal financial investment failed to materialize, yielding claims of loans and refunds instead.

Acknowledging that financial incentives remain appealing due to current economic hardship, Bakare urged voters to consider long-term stability over temporary gains.

He outlined his preferred criteria for the next NBBF president, emphasizing grassroots commitment, international experience, and a background in sports administration.

‘I would rather give my support to someone who has been running grassroots programmes and supporting youth development for the past twenty-five years, than someone who has recently dazzled with a few well-placed interventions over the recent year or two,’ Bakare said.

He also advocated for leadership by former national players who understand the challenges confronting young athletes.

Warning against following a familiar script promoted by previous influencers, Bakare concluded: ‘Fool me once, shame on you. Fool me twice, shame on me! I remember. Do you?’

Group backs Hamzat’s experience to sustain Lagos development

The PBAT Door-to-Door Movement, Lagos State Chapter, has described the experience of Deputy Governor Kadri Obafemi Hamzat as an asset that could help sustain and expand the state’s development under the All Progressives Congress (APC).

Hamzat is the APC candidate for the 2027 Lagos State governorship election.

The group made the assessment in a statement issued on Friday to mark Hamzat’s 62nd birthday.

The movement said the deputy governor’s years in public administration had equipped him with the institutional knowledge, leadership skills and policy experience required to consolidate existing achievements and respond to emerging challenges.

It said Lagos’ development had been shaped by successive administrations, beginning with the tenure of President Bola Ahmed Tinubu as governor, followed by the administrations of Babatunde Fashola, Akinwunmi Ambode and the incumbent, Babajide Sanwo-Olu.

According to the group, in a statement on Friday by its Lagos State Coordinator, Amosu Tomi, the administrations laid and expanded foundations in institutional reforms, infrastructure and other sectors.

It said Hamzat’s experience positioned him to maintain continuity while introducing new ideas and widening the state’s development frontiers.

The movement listed infrastructure, healthcare delivery, security and public safety, youth empowerment, skills development and economic inclusion as areas where his experience could be applied.

‘Continuity in governance does not mean the absence of innovation, but the ability to preserve successful policies and institutions while identifying areas that require improvement and introducing new solutions to emerging challenges,’ Tomi said.

The group also described Hamzat’s leadership approach as calm and measured, adding that his accessibility, attention to detail and commitment to public service had earned him recognition among stakeholders.

It said his ability to engage diverse stakeholders, listen to different perspectives and promote constructive dialogue had been evident in the discharge of his responsibilities.

It also wished him success in his political endeavours and the 2027 governorship election.