EL-RUFAI TO REMAIN IN ICPC CUSTODY AS COURT DELAYS BAIL HEARING UNTIL JUNE. (PHOTO).

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 El-Rufai To Remain In ICPC Custody As Court Delays Bail Hearing Until June Former Kaduna State governor Nasir El-Rufai will remain in the custody of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) until at least June 2026 after his bail hearing was postponed. Justice Darius Khobo of the Kaduna State High Court adjourned the hearing to the first week of June.  El-Rufai is currently facing an amended nine-count charge involving alleged fraud and abuse of office brought against him by the ICPC. The former governor had earlier appeared in court to seek bail, but the judge deferred ruling on the application.  Meanwhile, in a separate case, he was granted bail by Justice Rilwanu Aikawa of the Federal High Court in Kaduna, set at ₦200 million.  Despite this, the court directed that he remain in ICPC custody until all bail conditions are met. Among the conditions, El-Rufai is prohibited from making public statements about the case and is requi...
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30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS. (PHOTO).

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 30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS


The Central Bank of Nigeria says the banking sector recapitalisation programme introduced in 2024 is progressing steadily, with financial institutions strengthening their capital base to meet new regulatory thresholds.


A statement by the Acting Director of Corporate Communications at the bank, Hakama Sidi Ali, says thirty banks have already met the new minimum capital requirements tied to their respective licence categories.


The statement adds that thirty-three banks had raised additional capital through rights issues, initial public offerings and private placements as part of the recapitalisation programme.


The CBN notes that the capital positions of the remaining banks are currently undergoing routine verification ahead of final confirmation of compliance within the stipulated timeline.


The apex bank reiterates that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation initiative will further strengthen banks’ capacity to support households, businesses and sustainable economic growth.

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