News
Gov. Sanwo-Olu’s Bailout Saves Lagos Tertiary Institutions From Crisis – SA Education Tokunbo Wahab
Special Adviser on Education to the Lagos State Governor, Mr. Tokunbo Wahab, has said Governor Babajide Sanwo-Olu’s led government is bent on improving human capital and infrastructural development of Lagos State as its public private partnership hostel project in Lagos State University, LASU, is set to generate billions of naira.
Mr. Tokunbo Wahab who said this during the visit of Lagos State Online Media Publishers Association at his Alausa Ikeja, Lagos Office also said Mr. Governor believes so much in human capital development and to that extent the theme’s agenda have education and technology as a pillar, same way it has health and environment as a pillar.
He said, “For us we have gone back to the foundation and that is our resolve. We have to go back to our primary schools so as to make it more competitive with our private schools that are bridging the gap and what we have done in the past few months is that; we have put ‘EkoExcel’ in place. ‘EkoExcel’ allows the teachers to be retrained to a 21st century teachers; it allows the teachers to use the tab as a modern day technique to teach, it also allows you to monitor them and put the curriculum at par across the state.”
The young and vibrant politician also said, “Whilst we are doing that, we also admits that the state of physical infrastructures across the schools in some parts of the state is not something we are proud of; we would not blame anybody, we are taking responsibility as a government and to that extent we are putting investment on the physical infrastructure, so as to make the classrooms habitable for these pupils. Whilst doing that, we are also putting in place other infrastructure for them. In all these we are doing, we are also saying to ourselves, we must reduce the ratio of teachers to students and that has led us to start massive recruitment of teachers from primary to secondary school levels.”
He said; “In our secondary schools, we try to place a template that will make it seamless for those that leaves our primary when ‘EkoExcel’ is in place to our secondary. We are also trying to review the curriculum to see if it is very possible to get it to our institutions of higher learning where have Michael Otedola College of Primary Education, in Epe and Adeniran Ogunsanya College of Education at Ato Ijanikin, to see if we could try and replicate EkoExcel from there.”
On the plans and progress so far in Lagos tertiary institutions, Wahab said, “All our higher institutions in Lagos State were in dare states when we came in. And I thank Mr. Governor for signing out a bailout for each and every one of them. Michael Otedola College of Primary Education, in Epe had a 200 million naira bailout, LASU had almost N400 million, Adeniran Ogunsanya had about N350 million bailout funds to take care of debts they have owed over the years.”
“We went to LASU which is about 36 years old; and we told Mr. Governor that we must be audacious to the school to make it competitive and global and to that extent we had a massive infrastructural deficit on ground. So, we did what has not been done before in the history of this country in LASU in December, we gave 8,272 hostel bed spaces for LASU students in a PPP project. We didn’t spend a kobo of the state fund to get this; tax payers’ money is intact. However, in the course of time LASU and Lagos State Government will generate billions of naira as concession fee and equity share holders in due course and LASU after the expiration of the contract we still own those hostels. We are also planning to replicate these across the state institutions.”
On the peaceful atmosphere of learning being experienced since the Governor came in about a year ago, the Special Adviser said; “That again we have been able to put in place. Since Mr. Governor came in, remember there was a problem at Lagos Polytechnic before we came in? What we had to do is set up a visitation panel which will be winning-down any moment from now and we have promised to implement every recommendation from that panel. There is now industrial harmony at Adeniran Ogunsanya College of Education with the appointment of a new provost which was seamlessly done.”
He however said, with all these, the government won’t neglect other sectors of the economy and critical infrastructures like roads and others in the state but that they have to make sure that people that manages these sectors are educated and healthy so that the governor’s efforts wont go to waste and the State can only achieve this through high human capital development.
He said; “Mr. Governor has put his skin in it now by increasing the 2020 budget on education by 63% and more than 40% increase on health which is unheard of in the history of Lagos State. That tells you his conviction and believes and where his heart lies. So, that is where we are.”
Operatives of the Department of State Services (DSS) have released Ogun State-based pastor Kayode Olawoye and two of his associates, Johnson Idowu and Korede Oluwadare, following intense public outcry.
Olawoye became an internet sensation following his exposé on the poor state of some roads in Ogun State, which he had repeatedly drawn to the attention of the state government.
A family source close to Olawoye confirmed his release in a telephone conversation with PUNCH Metro on Tuesday.
In an earlier interview with our correspondent, Olawoye’s family had raised concerns over his detention after he was allegedly invited by the DSS.
Speaking with PUNCH correspondent earlier on Tuesday, Olawoye’s wife, Shola Olawoye, said her husband received a phone call from the DSS on Sunday evening, asking him to report to its Ogun State office by 2 p.m. on Monday, January 19, 2026.
According to her, the officials described the invitation as a “friendly interrogation visit,” assuring him that it was nothing serious.
She said Olawoye arrived at the DSS office at about 1:30 p.m. on Monday but was held without family members having access to him, adding that several efforts made to reach him proved abortive.
She also noted that two other associates, Benjamin Olaleye and Joshua, who accompanied him to the DSS office, were also detained.
“I have not been able to speak with him since he entered the office. I don’t know his condition—whether he has eaten or even taken water. The people who went with him also had their phones seized, and we have not heard from any of them,” she said.
Shola said that while she was at the DSS office to inquire about her husband’s welfare, she was told to leave and return later, with assurances that he would be released after questioning.
She added that she waited until late Monday night and into Tuesday morning without receiving any update on his status, adding that the detention may be linked to his continued advocacy for the improvement of road infrastructure across the state.
She continued, “This is a man who is fighting for grassroots governance. He is not a criminal. He is not fighting or abusing the governor. He is not anti-politics, anti-peace, or protesting. He is simply saying, ‘Our governor should fulfil his campaign promises.’ That is all he is doing, and I don’t understand when being civil became a crime in my state.
“I do not know when being civil and asking for your rights turned into a criminal offence. He has been detained as if he were a criminal. Bandits are on TikTok and everywhere, yet the DSS has not detained any of them.
But they have detained my husband since yesterday. It has been almost 24 hours now, and I have not heard anything from him. I need the help of the whole of Nigeria.”
Another family member, who did not want to be named, explained that Olawoye had been invited on two occasions in the past and had always honoured the invitations.
The family source said this was the third time Olawoye had been invited by the DSS, adding that during previous visits, he was questioned about his public commentary on the condition of roads in Ogun State.
The source alleged that DSS officials had repeatedly asked whether he was sponsored to publicise poor road infrastructure in the state, an allegation Olawoye denied, maintaining that he had no sponsor.
“The first time he was invited, I was with him at the meeting. They asked who was sponsoring him to showcase the bad roads that Governor Dapo is not fixing. He replied that nobody was sponsoring him and that he was instructed by God to speak out about the bad roads so that the governor would fix them.
“The second time, they asked him the same question again—that he should name the people sponsoring him. He told them nobody was sponsoring him,” the family member said.
The news of his detention, however, sparked public outcry, with social media users condemning the action.
Reacting to the detention, Amnesty International Nigeria, condemned Olawoye’s detention in a statement on Tuesday.
The human rights advocacy group described the detention as unlawful and abuse of human rights.
The statement read, “The Nigerian authorities must end the incessant intimidation and harassment of Pastor Kayode Olawoye — a cleric widely known for advocating for better road infrastructure in Ogun State.
“Subjecting such a peaceful advocate for good governance to bizarre intimidation by the Department Of State Services is unlawful. The advocacy of Pastor Kayode is justified given the shocking and deplorable state of roads in Ogun — his state. Criticizing Gov. Dapo Abiodun is not crime.
“The authorities have an obligation to uphold and protect fundamental human rights. Instead of investing in desperate attempts to punish activists, the government should be listening to them and doing more to addressing people’s concerns.”
In an update on Tuesday night, the family source told our correspondent that Olawoye and the two associates who were with him had been released.
The source said, “Mr Olawoye and the two associates have been released. They were freed on Tuesday night after more than 24 hours in detention.”
Meanwhile, when contacted on Tuesday, the State Director of the DSS in Ogun State, Peter Afunanya, did not respond to messages sent to his line, nor did he pick calls placed to him as of the time of filing this report.
The governor’s Special Adviser on Information and Strategy, Kayode Akinmade, asked our correspondent to call back when contacted on Tuesday.
He was, however, not reachable as of the time of filing this report.
Nigeria’s retail lender, Unity Bank Plc, has launched an upgraded version of its mobile banking platform, Unifi, as part of ongoing efforts to improve customer experience on the Bank’s digital Banking platform and reinforce its proposition in ebusiness.
The latest update, Unifi version 2.3, introduces a suite of improved features designed to enhance usability, security, and convenience for customers. Key upgrades include enhanced security protocols, expanded quick-action functionalities, improved bill payment options, and an updated Nigeria Quick Response (NQR) feature to support faster and more secure QR code transactions.
A key aspect of the rollout builds on the Bank’s continued investment in digital and security infrastructure, aimed at safeguarding customer data, ensuring secure payments and enabling safe, real-time transactions across channels.
Speaking on the upgrade, Adenike Abimbola, Divisional Head, Retail, SME, Digital Banking & Fintech Partnerships at Unity Bank, said the improvements are built on the back of continuous interrogation of the platform to be more responsive to customer feedbacks which are being received overtime in our interactions and engagements.
“Digital banking has become an integral part of everyday life, particularly for retail customers who expect speed, dependability, convenience, and security as standard. With the latest upgrade to Unifi, we are responding directly to these expectations by enhancing functionality, strengthening security, and simplifying key payment and transaction journeys. Our goal is to ensure that customers can carry out their banking activities seamlessly, confidently, and without friction, anytime and anywhere.”
She added that the Bank remains committed to continuous improvement of its digital channels in line with evolving customer needs and emerging industry trends.
“As mobile banking increasingly defines how people interact with financial services, Unifi is central to our strategy of delivering intuitive, reliable, and inclusive digital solutions. We will continue to invest in technology partnerships and platform enhancements that support financial inclusion, drive adoption, and improve overall customer experience.”
Originally introduced as part of Unity Bank’s strategic push to expand its retail footprint, particularly among young and digitally savvy customers, Unifi has grown into a core engine of the Bank’s retail banking expansion. The platform plays a critical role in driving customer acquisition, deepening engagement, and reinforcing Unity Bank’s broader digital transformation agenda.
The Unifi mobile app is available for download on Android and iOS devices, offering customers access to a wide range of services, including transfers, bill payments, airtime purchases, and QR-enabled transactions.
Nigeria’s banking sector is being reshaped by one of the most ambitious recapitalisation programmes in its history.
If you bank, invest, or do business in Nigeria, understanding how this works and where each bank stands matters.
In 2024, the Central Bank of Nigeria raised minimum capital requirements and introduced three banking “tiers”: regional, national, and international.
Banks have until March 31, 2026, to comply.
Here’s what that means:
International banks need ₦500bn in paid-up capital
National banks need ₦200bn
Regional banks need ₦50bn
Paid-up capital is key. Retained earnings don’t count.
Several banks, including Access Bank, Zenith Bank, GTBank, UBA, Fidelity Bank, and First Bank of Nigeria, have already met the ₦500bn threshold and secured international licences.
Others, such as Stanbic IBTC, Citibank Nigeria, and Wema Bank, have secured national licences and appear focused on domestic operations.
First City Monument Bank, a subsidiary of FCMB Group Plc, sits between these groups. In 2024, it raised ₦147.5bn in a public offer, pushing its banking subsidiary above ₦200bn in paid-up capital and securing its national licence. That means FCMB’s core banking operations are not at risk under the new rules.
The bank is now raising additional capital to reach the ₦500bn mark required for an international licence.
This includes further share sales and shareholder-approved funding options. Regulatory review is ongoing.
Why does this matter to customers? A bank’s licence affects what it can do.
International banks can finance cross-border trade and large projects. National banks focus on domestic lending. Both are viable models.
For FCMB customers, the national licence already ensures continuity.
The international licence would expand services beyond Nigeria into the rest of Africa and the world.
The recapitalisation is also driving mergers, downgrades, and niche strategies across the sector, making Nigeria’s banking system more structured and transparent.
By 2026, the system will be stronger, not because every bank has become international, but because each has chosen a sustainable path.
DSS Releases Ogun Pastor, Associates Following Public Outcry Over Arrest
Unity Bank Unveils Enhanced Unifi Mobile App To Deepen Digital Banking Experience
Recapitalisation Explained — Where Access, FCMB And Others Fit
Doctor Remanded For Issuing Fraudulent Medical Report To Blogger Just Adetoun — Ogun Govt
Rivers Police Officer Kills One Colleague, Injures Another In Shooting Incident
Sowore Re-Arraigned; Court Drops Meta, X As Defendants In DSS Case
Video: Lagos Residents Scoop Diesel As Tanker Overturns On Tincan-Liverpool Bridge
Police Clarify Prof. Duru’s Witness Role, Deny Links To Akpabio Following Withdrawn Complaint
Omije Ojumi Burial Rites Suspended Indefinitely Over Family Crisis
