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SANWO-OLU DEPARTS FOR CHINA TO COMPLETE DEALS ON BLUE, RED LINE RAIL SERVICES

In a bid to fulfill his promise of delivering a multimodal transportation system for the populace, Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday departed Lagos for Beijing, the Capital of China.

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In a bid to fulfill his promise of delivering a multimodal transportation system for the populace, Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday departed Lagos for Beijing, the Capital of China.

While in China, Governor Sanwo-Olu will visit the headquarters of China Civil Engineering Construction Company, CCECC for trade and investment discussions with the top officials of the company.

He will inspect the headquarters of the Chinese construction giants and some ongoing projects undertaken around Beijing.

The Governor is scheduled to inspect the Signaling System (CBTC etc.) and Metro projects, being undertaken by CCECC around Beijing.

Governor Sanwo-Olu will depart Beijing for Dalian later in the week for a visit to the China Railway Rolling Stock Corporation headquarters and CRRC Lvshun base.

The Governor during his visit to China is scheduled to hold a high-level official meeting with the Head of China Railway Rolling Stock Corporation, CRRC Dalian.

There would also be a Technical Discussion on the DMUs for the Red Line and EMUs for Blue Line between the Lagos Metropolitan Area Transport Authority ( LAMATA) , Lagos Metropolitan Area Transport Authority ( LAMATA) , CCECC and CRRC Dalian.

Governor Sanwo-Olu is accompanied on the trip by the Commissioner for Transportation, Mr. Seun Osiyemi; Chairman, House Committee on Transportation, Hon. Temitope Adewale; Chairman, House Committee on Environment parastatals, Hon. Rasheed Shabi, Managing Director of the Lagos Metropolitan Area Transport Authority, (LAMATA) Mrs. Abimbola Akinajo and Director, Rail Transport, Mr. Olasunkanmi Okusaga, among other officials.

The Governor and the entourage are billed to return to Lagos next week.

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Rivers Assembly Suspends Impeachment Move Against Fubara After Tinubu’s Intervention

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The Rivers State House of Assembly has officially suspended impeachment proceedings against Governor Siminalayi Fubara and his deputy, Ngozi Odu, following President Bola Tinubu’s intervention.

The House moved the motion to halt the impeachment process on Thursday at its resumed sitting in Port Harcourt, the state capital.

JomogNews had reported that during its first sitting of 2026, the House had begun impeachment proceedings against the governor and his deputy over allegations of gross misconduct, including the demolition of the State Assembly complex and alleged spending without legislative approval, among other claims.

More details later….

 

 

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Reserves Surge To $48.5bn As Nigeria Reclaims 2013 Peak Levels

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Nigeria’s foreign exchange (FX) reserves have reached $48.5 billion, their highest level in nearly 13 years.

This milestone, confirmed by data from the Central Bank of Nigeria (CBN), surpasses previous multi-year peaks and represents the strongest balance since May 14, 2013, when reserves stood at approximately $48.51 billion.

However, the data showed that the foreign reserves increased steadily by 6.45 percent or $2.94 billion year-to-date, from $45.56 billion reported on January 1 to $48.5 billion.

Further checks showed that the FX reserves figure was $48.36 billion on Monday.

According to the CBN, FX reserves are assets held on reserve by a monetary authority in foreign currencies, which are used to back liabilities and influence monetary policy.

On December 22, 2025, the apex bank projected that the country’s external reserves would rise to $51.04 billion in 2026, saying the increase will be supported by FX reforms.

“Reforms in the foreign exchange market are expected to sustain exchange rate stability, while external reserves are projected to increase to US$51.04 billion,” CBN said.

On February 10, Olayemi Cardoso, governor of CBN, said the bank will do “whatever it takes” to safeguard the value of the naira, while strengthening the country’s external reserves.

Looking ahead to 2030, he said the CBN’s targets include achieving single-digit inflation and growing foreign exchange (FX) reserves driven by non-oil exports, foreign direct investment, and diaspora remittances.

 

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Ogun Police Launch Investigation Into TikToker Mirabel’s Sexual Assault Claims

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The Ogun State Police Command has launched an investigation into sexual assault allegations made by a TikToker known as Mirabel (@mirab351), who is currently receiving treatment in an Intensive Care Unit (ICU).

The case gained widespread attention after she posted emotional videos on Monday, February 16, detailing an attack she claimed occurred at her home the previous Sunday.

The command’s Public Relations Officer, Oluseyi Babaseyi, disclosed the development on Thursday while speaking on The Morning Brief.

Babaseyi confirmed that Mirabel voluntarily visited the Ibafo Police Division on Tuesday, February 17, to lodge a formal complaint and was subsequently admitted to the hospital for medical care due to her unstable condition.

“When the DPO in Ibafo met with her, she was taken to the hospital for medical analysis. She wasn’t as stable as necessary, but we ensured the investigation continued.

“As we speak, she is in the intensive care unit getting appropriate care. Her medical well-being is more important to us at this point. When she is stable, we can now continue investigations and get the necessary facts,” Babaseyi said.

According to Babaseyi, the incident reportedly occurred in Ogijo, a border community between Ogun and Lagos states.

The police have established that Mirabel was not arrested, but rather, she is being treated as a victim.

The command urges individuals with useful information to come forward and assist with the investigation.

“She was not arrested by the police. She reported a case, and we are investigating. Nothing like her arrest happened,” he said.

“If the allegation is established to be true, the perpetrator will be arrested and charged to court appropriately. Otherwise, the law also addresses giving false information,” the police stated.

The police said they will rely on evidence to reach a logical conclusion and take appropriate action.

“We advise people not to jump to conclusions based on emotions. We are investigating and will rely on evidence to reach a logical conclusion,” Babaseyi said.

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