The National Insurance Commission (NAICOM) has revoked the registration license of Universal Insurance Plc and appointed Ogbonna Chukwumerije of Pinheiro LP as receiver/provisional liquidator to oversee the company’s winding-up process.....KINDLY READ THE FULL STORY HERE▶

According to official statements, the cancellation became effective on August 14, 2026, after the insurer failed to comply with the stipulated Minimum Capital Requirement under the Nigerian Insurance Industry Reform Act 2025. Following his appointment, Chukwumerije has assumed control of the company’s management, issuing strict directives to financial institutions, debtors, and stakeholders regarding asset protection, verification of authority, and the proper handling of outstanding claims and liabilities.

The Osun State chapter of the All Progressives Congress (APC) has accused members of the Accord Party of unleashing post-election violence against its supporters across the state.....KINDLY READ THE FULL STORY HERE▶

In a statement released by party spokesperson Kola Olabisi, the APC claimed that armed political thugs and unauthorized individuals forcefully seized control of local government council areas and motor parks. The party detailed multiple violent incidents, including clashes in Osogbo and Modakeke, an assault on a local ward chairman in Ifelodun Local Government Area, and the destruction of property.

Citing specific instances of arson, vandalism, and physical assault, the APC condemned the hostility as a direct threat to public safety. The party urged Governor Adeleke to intervene immediately, demanding that he call his supporters to order and manage his electoral victory responsibly to prevent further escalation.

African Action Congress (AAC) 2027 presidential candidate Omoyele Sowore has dismissed the National Peace Accord as a largely ineffective “ritual.”....KINDLY READ THE FULL STORY HERE▶