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PENSIONS SHAKEUP: Disgraced Former Bauchi Governor Ruthlessly Purged From Premium Pension Board By Court Order!.
An arbitration tribunal has mandated the immediate removal of former Bauchi State Governor, Mohammed Abubakar, along with three other directors—Sale Yunusa, Bitrus Kwaji, and Bappayo Yahaya—from the board of Premium Pension Limited. The panel, led by Olusola Adegbonmire, determined that their positions violated the company’s 2017 shareholders’ agreement because they qualify as Politically Exposed Persons (PEPs).....KINDLY READ THE FULL STORY HERE▶
The ruling, delivered on May 25, 2026, gives the respondents 30 days to facilitate the directors’ resignations or removals. The case was initiated by company co-founder Muhammed Barde and three investment firms following a long-standing dispute over corporate governance and shareholding rights.
Option 2: Detailed News Style (Best for full context)
Arbitration Panel Declares Appointment of Former Public Officials to Pension Board “Invalid”
In a landmark corporate governance ruling, an arbitration tribunal has invalidated the appointments of four directors at Premium Pension Limited. The tribunal found that the directors—including a former governor, a former Head of Service, and a retired Major-General—fell under the “Politically Exposed Persons” (PEP) category, rendering their service a breach of Clause 5.1 of the 2017 shareholders’ agreement.
Key Details of the Ruling:
The Order: The board must procure the removal of the affected directors within 30 days.
Legal Interpretation: The tribunal noted that PEP status applies not just to current officials, but to former public officers whose continued influence presents governance risks.
The Dispute: The legal battle stemmed from allegations of shareholder oppression and a breach of the “right of first refusal” regarding company shares claimed by co-founder Muhammed Barde.
Solicitors for the claimants have already notified the National Pension Commission (PenCom) to ensure the tribunal’s orders are strictly enforced.
Option 3: Impact-Focused Breakdown
| Category | Details |
| Principal Affected Figure | Mohammed Abubakar: Former Bauchi Governor (2015–2019) and 2027 gubernatorial aspirant. |
| Other Removed Directors | Sale Yunusa (ex-Bauchi Housing GM), Bappayo Yahaya (ex-Gombe Head of Service), and Bitrus Kwaji (ex-Military Pension MD). |
| Core Violation | Breach of PEP (Politically Exposed Persons) restrictions in the 2017 shareholders’ agreement. |
| Deadline for Compliance | 30 days from the date of the Award (May 25, 2026). |
| Legal Basis | Reliance on the Money Laundering Act 2022 and international Financial Action Task Force (FATF) standards. |
entertainment
“YOU WILL NEVER SEE YOUR MONEY AGAIN!” Ubi Franklin Drops A Bombshell On The Brutal Financial Reality Of The Music Industry!.
Prominent music executive Ubi Franklin has opened up about the daunting financial realities of the industry during his appearance on the EC podcast, labeling the music business as the single riskiest venture he has ever undertaken. Franklin revealed that pushing a single track to the public can easily demand an investment of up to ₦100 million, noting that dropping the song is merely the starting line.....KINDLY READ THE FULL STORY HERE▶
According to him, maintaining momentum requires heavy spending long after release—even if a track successfully goes viral on TikTok—because modern music consumers have exceptionally short attention spans and can lose interest overnight. Highlighting the volatile nature of the industry, Franklin warned that sinking massive amounts of capital into a song offers zero guarantee of a financial return, making it an intensely unpredictable gamble for executives and investors alike.
Reflecting on the grueling economics of the trade, Franklin stated: “Music is the riskiest business I’ve ever done. You need ₦100m to promote one song. Even if TikTok carries it, you still need money to keep it on the charts because people have short attention spans, and there’s no guarantee you’ll get your money back.”
entertainment
POLICE MOVE IN: Reality Star Tacha Arrested At Her Lagos Home Over Cybercrime Unit Summons
Big Brother Naija star Natacha Akide, popularly known as Tacha, has reportedly been arrested by the Nigeria Police Force.....KINDLY READ THE FULL STORY HERE▶
According to Best of Nollywood (BON) CEO and movie producer Seun Oloketuyi, the reality star was picked up at her Ajah residence on Sunday morning after allegedly ignoring three separate police invitations issued by the Nigeria Police National Cyber Crime Centre (NPF-NCCC) between May and August 2026. Sources indicate the arrest stems from a viral online video in which Tacha accused an unnamed man of child molestation, rape, and trafficking young people to Europe under the guise of fake scholarships.
In a separate recent interview with Daily Sun, Tacha reflected on her rise in the entertainment and beauty industry, crediting her late mother’s hard work and prayerful nature as her primary driving force. “If she had the same opportunity I have right now, she would do everything I have done and even more,” Tacha shared, noting that her ongoing success is fueled by a desire to keep making her mother proud.
latest
“HE HAD NEVER TREATED ME THAT WAY”: Hanga Breaks Silence On The Toxic Fallout With Kwankwaso.
Senator Rufai Sani Hanga (Kano Central) has detailed the breakdown of his political relationship with Rabiu Kwankwaso, the NDC vice-presidential candidate, in an interview with Dan’uwa Rano TV.....KINDLY READ THE FULL STORY HERE▶
The rift largely stemmed from Hanga’s massive constituency empowerment program, where he distributed vehicles, rice, fertilizers, and other items. According to Hanga, Kwankwaso grew unhappy with his rising public profile and the scale of the initiatives. Tensions peaked when Hanga hosted the distribution event at a venue associated with Kwankwaso; though the former governor initially agreed to attend, he arrived looking displeased, left for prayers, and never returned.
Hanga recounted that Kwankwaso later confronted him, complaining that the event was designed to court public praise and dismissing the small portion of items allocated to him. Despite Hanga apologizing, he felt deeply disrespected—especially after previous instances where Kwankwaso pressured him to allocate empowerment resources outside his senatorial district.
Concluding that mutual respect had vanished and that Kwankwaso’s dissatisfaction ultimately cost him his return ticket, Hanga remarked, “He has treated others this way, but he had never done it to me until that moment.”
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