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70bn bus purchase: Lagos Assembly threatens to arrest Ambode, former commissioners
Lagos State House of Assembly on Thursday threatened to issue a warrant of arrest against the former governor of the state, Akinwunmi Ambode, and four others who served under him as commissioners.
The decision followed two preliminary reports presented by two different ad-hoc committees set up by the House to investigate the 820 buses purchased by Ambode and to appraise the 2019 mid-year budget.
The former commissioners involved include Kazeem Adeniji (former attorney General and commissioner for justice), Olusegun Banjo (Budget), Akinyemi Ashade (Finance) and Wale Oluwo (Energy and Mineral Resources).
Presenting the preliminary report of a nine-man ad-hoc committee to probe the 820 buses purchased by the former governor, Chairman of the Committee, Hon. Fatai Mojeed, said that it was discovered that due process was not followed in the purchase of the buses.
Mojeed added that the former governor used the refund of the Paris Club for the purchase of the buses without the approval of the House.
“He did not inform the House before commencing the purchase of the buses. Over N48 billion was spent for the purchase of the busses and N22billion was spent on import duties. 520 of the buses are still at the seaport,” he said.
He added that the accountant general of the state told the committee that she depended on the approval of Ambode for the purchase of the buses and that no payment voucher was made available to the committee.
The lawmaker further said that they also demanded the budget instrument used for the purchase, but discovered there was no budgetary provision for the purchases.
“They could not produce any newspaper where the purchase of the buses was advertised. The committee invited 20 stakeholders. Sixteen of them complied, while four of them refused, against the constitutional provision,” he added.
On his part, Chairman adhoc on Mid-Year Budget Review, Gbolahan Yishawu, alleged that the above mentioned commissioners were invited by his committee, but refused to appear and did not give any excuse for their absence.
Yishawu also claimed that the former governor gave some directives on spending without the approval of the lawmakers.
While reacting to the matter, some members of the House suggested that since the ex-governor and those officials who worked with him had been invited by the two committees and refused to show up, warrant of arrest should be issued on them.
The member representing Alimosho Constituency 1, Hon Bisi Yusuf, told his colleagues that the House is empowered by the constitution to issue a warrant of arrest on the concerned individuals for their refusal to appear before the committees.
While expressing a contrary view, member representing Badagry Constituency 1, Ibrahim Layode, urged his colleagues to tread with caution.
He advised that the concerned individuals should be invited through newspaper advertisements, stating that the ex-officials were likely to come across the publications.
Majority Leader, Hon. Sanai Agunbiade, said: “I want to observe that if they have been invited and refuse to show up, we should summon them and if they still refuse, then a warrant of arrest can be issued. Now they’ve been invited, we should summon them by using the dailies before going to the extent of issuing arrest warrant.”
Speaker, Hon. Mudashiru Obasa, noted that the issue was beyond the issuing of arrest warrant, “because when this House invite people and they refuse to show up, it’s like setting a bad precedence for others coming behind.
“The clerk should write them, including the ex-governor, Mr. Akinwunmi Ambode, and if they refuse, we will do newspaper publications and after that we will issue a warrant of arrest.”
News
ZENITH BANK CHAMPIONS ENVIRONMENTAL SUSTAINABILITY WITH TWO-PHASE CLEAN-UP IN LAGOS
In line with its commitment to environmental sustainability and responsible business practices, Zenith Bank Plc has commemorated the 2026 World Environment Day with a two-phase environmental clean-up initiative in Lagos State, held under the global theme “Inspired by Nature. For Climate. For Our Future.”
The first phase was a morning clean-up conducted by staff of the Bank on Wednesday, 3 June 2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of community service and environmental stewardship.
The second phase, on Thursday, 4 June 2026, featured a waterways clean-up at the Falomo Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA). The joint effort focused on removing marine debris, promoting cleaner waterways, and supporting the State’s broader climate-resilience agenda.
Speaking on the initiative, Dame Dr. Adaora Umeoji, OON, Group Managing Director/CEO of Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our streets and our waterways is a practical reminder that protecting the environment is a shared responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these exercises, we are taking deliberate action to preserve our communities, support climate action, and inspire others to act. Our operations will continue to align with global environmental standards as we build a more sustainable future for Nigeria and Africa.”Zenith Bank remains committed to embedding Environmental, Social and Governance (ESG) principles across its operations, investing in green initiatives, energy efficiency, and community-focused programmes. These efforts advance the United Nations Sustainable Development Goals – particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) and SDG 13 (Climate Action). Sustainability remains an operational imperative across the Bank’s Nigerian base and its broader African, UK and European footprints.
News
ZENITH BANK APPOINTS ENGR. MUSTAFA BELLO AS CHAIRMAN AT ANNUAL GENERAL MEETING
Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026.
Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing the high standards of corporate governance, regulatory compliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board of Zenith Bank Plc on 29 December 2017 and has served on several Board committees, including the Board Audit and Compliance Committee, Board Governance, Nomination and Renumeration Committee and as Chairman of the Board Risk Management Committee until his appointment as Chairman of the Board of Directors.
He has extensive leadership experience at Board and executive levels, a strong understanding of corporate governance principles and regulatory expectations, and a proven track record in strategic oversight and organisational growth. He has consistently demonstrated integrity, independence and sound judgement, qualities that distinguished him as the natural choice to lead the Board into its next chapter.
Engr. Mustafa Bello is a distinguished engineer, statesman and corporate leader. His career spans more than four decades across the public and private sectors of the Nigerian economy. He served as Minister of Commerce of the Federal Republic of Nigeria from 1999 to 2002 under President Olusegun Obasanjo, GCFR, where he led the development of Nigeria’s WTO-consistent Trade Policy. He also oversaw the Corporate Affairs Commission (CAC) online project of 2002, which modernised the way businesses register and operate in the country. From November 2003 to February 2014, he served as Executive Secretary and Chief Executive Officer of the Nigerian Investments Promotion Commission (NIPC), where he was instrumental in attracting foreign direct investment into Nigeria, building multilateral and bilateral partnerships, and representing the Federal Government at international conferences and missions.
He graduated from Ahmadu Bello University (ABU), Zaria, in 1978 with a B.Engr. in Civil Engineering (Second Class Upper Division), winning the Shell Prize for the best project and thesis in the Faculty of Engineering. He began his career with the Nigerian Army’s Directorate of Quartering and Engineering Service from 1978 to 1979, before joining the Niger State Housing Corporation as a Senior Civil Engineer from 1980 to 1983.
He is currently the Chairman of Invest-in-Northern Nigeria Limited, a special purpose vehicle for the economic and social transformation of the Northern Nigerian economy, and has previously served on the boards of Eskom Holdings Limited of the Republic of South Africa (2004 to 2008) and FrieslandCampina WAMCO Nigeria Plc as an Independent Non-Executive Director. He is a Fellow of the Nigerian Society of Engineers and a Registered Member of Council for the Regulation of Engineering in Nigeria (COREN) as well as Fellow of the Academy of Natural Sciences & Engineering in Nigeria (ANSEN).Zenith Bank stands among Africa’s leading financial institutions, with a strong capital base and operations across Nigeria, the United Kingdom, the United Arab Emirates, Ghana, Sierra Leone, The Gambia and Côte d’Ivoire.
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FirstBank Confirms Appointment of Olayinka Ijabiyi as Group Head, Marketing and Corporate Communications
FirstBank, West Africa’s premier financial institution and financial inclusion service provider, has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. The appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey.
Olayinka Thomas Ijabiyi is a seasoned marketing and corporate communications professional with over 25 years of experience driving brand transformation, strategic visibility, and stakeholder engagement across financial services, telecommunications, media, and international development sectors.
Ijabiyi joined FirstBank in 2011 and has served in acting capacity as the Group Head of Marketing and Corporate Communications from December 2024 until his recent confirmation. In his role, he leads the development and execution of integrated marketing and corporate communications strategies across the Group’s markets. He oversees brand and reputation management, executive positioning, Corporate Responsibility and Sustainability as well as strategic communications initiatives aligned to the Bank’s business objectives/aspirations.
Prior to his current role, Ijabiyi has held leadership positions within the Marketing and Corporate Communications Department in FirstBank, including Head Brand Strategy and Special Projects, Head Digital Marketing and Head Brand and Stakeholder Management.
Before joining FirstBank, Ijabiyi built a diverse career across leading organizations including British Council, Multichoice, MTN and Etisalat Nigeria, where he played key roles in brand building, corporate communications and digital transformation initiatives.
Widely recognized for his strategic mindset, leadership ability to translate business objectives into impactful marketing and communications strategies, he has successfully led major brand initiatives, including milestone anniversary campaigns and brand refresh programs, while consistently delivering efficiencies and enhancing brand equity.
Ijabiyi holds a Master’s degree in Public and International Affairs from the University of Lagos and a Bachelor’s degree in English Language from the former Ondo State University, Ado Ekiti. He is a Fellow of the National Institute of Marketing of Nigeria (NIMN) and a member of the Nigerian Institute of Public Relations (NIPR), amongst other industry bodies.
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