Obasa reinstated as Lagos Speaker, ending 49-Day crisis

After 49 days of intense political upheaval, Mudashiru Obasa has been reinstated as the Speaker of the Lagos State House of Assembly, ending the crisis that had gripped the legislative chamber. His return follows the resignation of Mojisola Meranda, the former speaker, during a tense plenary session on Monday. The move to restore Obasa to the prestigious position marks the culmination of a political struggle that involved high stakes, internal divisions, and calls for accountability.

The Political Strife: A Crisis Unfolds

The crisis that led to Obasa’s initial removal from office began on January 13, when he was ousted by 32 out of the 40 lawmakers of the Lagos State House of Assembly. The decision to remove Obasa was not made lightly; it stemmed from a series of allegations against him, including financial impropriety, high-handedness, and gross misconduct. These accusations rocked the House and led to a breakdown in relations between Obasa and several members of the Assembly.

The allegations centered around claims of mismanagement of funds and authoritarian leadership, with some accusing Obasa of running the Assembly like a personal fiefdom. The controversy over his leadership style sparked deep divisions among the lawmakers, and many members felt that the integrity of the Assembly had been compromised under his leadership. As the scandal intensified, it became clear that Obasa’s position had become untenable, leading to his eventual removal.

Meranda, who was the Deputy Speaker at the time, was elevated to the position of Acting Speaker in the wake of Obasa’s removal. Despite this change in leadership, the crisis within the House of Assembly persisted, with factions and tensions continuing to simmer.

The Resignation of Mojisola Meranda: A Turning Point

The 49-day period of uncertainty came to an abrupt end on Monday when Mojisola Meranda, the Acting Speaker, announced her resignation during a highly charged plenary session. Her decision to step down was a dramatic moment in the ongoing saga, and it paved the way for Obasa’s reinstatement.

Meranda’s resignation marked the end of an era for her, as she returned to her role as the Deputy Speaker, a position she had previously held. In her resignation speech, Meranda emphasized the need for unity within the House, acknowledging the deep divisions that had surfaced during the crisis. Her departure was seen by some as a necessary step to allow for a fresh start, and it cleared the path for the return of Obasa to the leadership of the Assembly.

The Nomination and Swearing-In of Mudashiru Obasa

In a swift turn of events, former Majority Leader Noheem Adams took to the floor of the House, moving a motion to nominate Mudashiru Obasa as Speaker once again. The motion was seconded by Nureni Akinsanya, a key ally of Obasa. In an unexpected turn of fate, no other member came forward to challenge Obasa’s nomination, which further solidified his path to reinstatement.

The decision to reinstate Obasa was not without its detractors, but the overwhelming support from key lawmakers made it clear that the House was ready to move past the divisions of the past. Obasa was subsequently sworn in as Speaker by the Head of the Legal Department of the House, marking the end of the prolonged crisis.

Obasa’s Address: A New Beginning

In his first speech after taking the oath of office, Obasa spoke with a tone of reconciliation and resolve. He expressed deep gratitude to his colleagues for their support and promised to work closely with them to restore the integrity and functionality of the Lagos State House of Assembly. Obasa acknowledged the tumultuous period that had preceded his return and pledged to learn from the mistakes of the past.

“I am deeply grateful for the trust you have placed in me once again,” Obasa said, addressing the lawmakers. “I promise to listen to each and every one of you, to uphold the dignity of this Assembly, and to ensure that we work together for the greater good of Lagos State. I also extend my appreciation to the staff and the media for their positive representation of this House during these difficult times.”

His remarks were seen as an attempt to build bridges with the members of the Assembly, many of whom had previously expressed frustration with his leadership. The speech was also a clear indication that Obasa was aware of the challenges that lay ahead and was determined to regain the confidence of both his colleagues and the public.

The Road Ahead: Unity and Accountability

The reinstatement of Mudashiru Obasa as Speaker signals the end of a chapter in the turbulent history of the Lagos State House of Assembly. However, it also marks the beginning of a new phase, one that will require careful navigation of the political landscape. For Obasa, the road ahead will not be easy. The divisions that led to his initial removal have not fully healed, and there are still questions surrounding the allegations of financial mismanagement and misconduct.

As Obasa begins his second tenure as Speaker, it will be crucial for him to demonstrate a commitment to transparency, accountability, and collaborative leadership. The eyes of both the public and the political elite will be watching closely to see whether he can deliver on his promises of reform and unity. The challenges will be many, but the stakes are high, and Obasa’s ability to steer the House toward greater harmony will determine his legacy.

The Lagos State House of Assembly, for all its internal strife and political drama, remains a critical institution in the governance of Nigeria’s commercial capital. The resolution of this crisis, while restoring stability to the Assembly, is a reminder of the delicate balance of power, trust, and leadership that defines the political landscape in the country. As the House moves forward under Obasa’s leadership, the hope is that it can build a more cooperative, transparent, and accountable future for the people of Lagos.

As Mudashiru Obasa settles back into his role as Speaker, the expectations for his leadership are high, both from his colleagues in the Lagos State House of Assembly and from the broader public. His reinstatement signals the resolution of a crisis, but it also highlights the precarious nature of political alliances and the volatility of leadership in the region.

For many, the key question is whether Obasa can truly rebuild the fractured relationships within the Assembly. His previous tenure, which had been marked by accusations of autocracy and financial mismanagement, will undoubtedly haunt his second chance at leadership. Even though he has promised to be more inclusive and accountable, some members of the Assembly remain wary of his leadership style and his ability to balance power.

Obasa’s ability to navigate these challenges will require a careful balancing act. He will need to build consensus among the various factions within the House, while also ensuring that the core values of transparency and integrity are upheld. His actions will have to speak louder than his words—any misstep could reignite the divisions that led to the crisis in the first place.

Moreover, Obasa’s relationship with Governor Babajide Sanwo-Olu and other key political figures in the state will play a crucial role in shaping the future of the Assembly. As Speaker, Obasa will need to align with the executive arm of the state government to ensure that legislative initiatives are in harmony with the broader governance goals of Lagos. However, his reinstatement has already signaled that the political dynamics in Lagos are complex, and the loyalty of the House to the executive branch may not be as solid as it once was.

The Role of the Public and Media

Another important factor in the aftermath of Obasa’s reinstatement is the role of the public and the media. Throughout the crisis, both the public and the media played an instrumental role in shaping the narrative surrounding Obasa’s leadership and the actions of the House. With the allegations of financial impropriety and misconduct still hanging over his head, Obasa will need to work hard to rebuild public trust.

The media, which had often reported critically on Obasa’s tenure, will continue to play a significant role in holding him accountable. If Obasa fails to live up to his promises of transparency and reform, the media will undoubtedly scrutinize his actions, further complicating his political career. Public perception will be a crucial element of his success or failure as Speaker.

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Additionally, public expectations of the House of Assembly are growing. Citizens of Lagos are increasingly demanding better governance, accountability, and service delivery from their elected representatives. The House is expected to pass laws that address critical issues such as infrastructure development, healthcare, education, and the economy. How Obasa manages to lead the Assembly through these pressing concerns, while maintaining unity among the lawmakers, will define his tenure.

Lessons Learned from the Crisis

The 49-day crisis has already taught valuable lessons for both the members of the Assembly and the public. First, it has underscored the importance of internal cohesion and transparency within legislative bodies. The ease with which Obasa was removed initially highlighted the vulnerability of leaders who fail to maintain the trust of their colleagues. In turn, the way the situation has been resolved—with Obasa’s return to the helm—shows that political stability can often be restored when key players are willing to negotiate and make compromises.

The crisis also served as a reminder that power within political institutions is never absolute. No matter how long a leader has held a position, the influence of other political forces—be they individual lawmakers, the public, or the media—can shift the balance of power at any moment. This fluidity requires leaders to be constantly mindful of their actions and the perceptions of those around them.

Additionally, the resignation of Meranda and the subsequent return of Obasa also highlight the importance of leadership transitions in the political landscape. Meranda’s decision to step down, while difficult, allowed for the resolution of the crisis and brought an end to a period of uncertainty. In many ways, her role in facilitating a smooth transition, despite the challenges, should not be underestimated. She demonstrated political maturity, understanding that her departure was necessary to restore order and move forward.

A Time of Reconciliation

As Obasa prepares to lead the House of Assembly once more, a period of reconciliation seems to be in the air. Some of the lawmakers who had previously called for his removal may now view the reinstatement as an opportunity for a fresh start. Obasa’s promise to listen to his colleagues and work collaboratively will be tested in the coming weeks and months. If he can successfully foster a spirit of cooperation and compromise, there is hope that the Assembly will move beyond the toxic divisions of the past and focus on serving the people of Lagos.

However, the process of healing will take time. Trust, once broken, is not easily restored. Obasa will have to work hard to demonstrate his commitment to ethical leadership and fiscal responsibility. His actions in the coming months will be scrutinized closely, and his ability to prove that he has learned from the past will be crucial to his success.

The Bigger Picture: Political Implications for Lagos and Nigeria

The saga of Obasa’s removal and reinstatement is not just a local issue confined to the walls of the Lagos State House of Assembly. It also has broader implications for the political landscape in Lagos and, by extension, Nigeria. As one of the country’s most important states, Lagos is often seen as a bellwether for national political trends. The events unfolding in the Assembly may signal a shift in how political power is exercised, both within the state and beyond.

The crisis also highlights the growing role of legislative independence in Nigerian politics. For many years, state legislatures in Nigeria have been seen as subservient to the executive branch, with governors having significant influence over the actions of lawmakers. However, the removal of Obasa demonstrates that legislative bodies can assert their authority when necessary, even against powerful political forces.

Ultimately, the resolution of the Lagos House of Assembly crisis may provide a blueprint for other states facing similar challenges. If Obasa is able to successfully navigate this turbulent period and lead the Assembly with integrity, it could serve as an example of how political institutions in Nigeria can recover from crises and emerge stronger and more unified.

Conclusion: A New Chapter in Lagos Politics

The reinstatement of Mudashiru Obasa as Speaker of the Lagos State House of Assembly marks the conclusion of a political crisis, but it also ushers in a new chapter for the Assembly and the state. The next few months will be crucial in determining whether Obasa can fulfill his promises of transparency, unity, and accountability. If he succeeds, it could set the stage for a more stable and cooperative political environment in Lagos. However, if he falters, the divisions within the Assembly may resurface, potentially leading to further political instability.

For now, the people of Lagos are watching closely, hopeful that the lessons learned from this crisis will guide the Assembly toward a brighter, more prosperous future.

Court adjourns FIRS $79.5bn suit against Binance until April 7

The Federal High Court in Abuja on Monday, adjourned the suit filed by the Federal Inland Revenue Services (FIRS) against Binance Holdings Ltd, demanding 79.5 billion US dollars over economic losses allegedly caused by its operations in Nigeria, until April 7.

The matter, which was on number 9 on the cause list, could not proceed before Justice Inyang Ekwo.

The development occured after some cases had be heard by the judge before he went on recess.

The News Agency of Nigeria (NAN) reports that the FIRS ha, in the suit marked: FHC/ABJ/CS/1444/2024, dragged Binance, Tigran Gambaryan and Nadeem Anjarwalla to court.

In the originating summons dated and filed Sept. 30, 2024, by Chief Kanu Agabi, the country’s’ tax regulatory body sought four questions for determination.

The FIRS prayed the court to determine “whether pursuant to Section 13(2) of the Companies Income Tax (CIT) Act Cap. C21, LFN, 2024 and Order (1)(a) and (c) of Companies Income Tax (Significant Economic Presence) Order 2020, the defendants are not liable to pay annual corporate income tax to the Federal Republic of Nigeria for having had significant economic presence in Nigeria from 2022 to 2023, among others.

The agency, therefore, sought nine reliefs should the court answered its questions in the affirmative.

It wants the court to declare that pursuant to all relevant laws, the defendants are liable to pay annual corporate income tax to the Federal Government for having significant economic presence in the country.

It wants the court to declare that Binance and its representatives are lliable to file their income tax to the agency for the year 2022 and 2023 respectively from the time they began to exercise significant economic presence in Nigeria.

FIRS also seeks a declaration that it is entitled, under Section 87(1) of the CIT Act Cap. C21, LFN, 2004; Sections 25(1) and 34(1) of the FIRS (Establishment) Act 2007, to recover from the defendants the cumulative sum of $2,001,000,000.00 being the amount due by way of income tax to the plaintiff from the defendants for 2022 and 2023 respectively.

It also seeks a declaration that pursuant to Section 85(1) of the CIT Act Cap. C21, LFN, 2004 and Section 32(1) of the FIRS (Establishment) Act 2007, the defendants are liable to additional payment of 10 per cent per annum on the tax due but not paid for 2022 and 2023 respectively.

The agency, therefore, sought an order mandating the defendants to pay to the plaintiff the sums of $2,001,000,000.00 for year 2022 and for 2023, being the unpaid income tax due to the plaintiff from the defendants for the year 2022 and 2023 respectively.

“An order mandating the defendants to pay to the plaintiff the 10% addition for non-payment of income tax for year 2022 and 2023 respectively.

“An order mandating the defendants to pay 26.75% interest rate being the prevailing Central Bank of Nigeria (CBN) lending interest per annum from the 1st January, 2023 and 1st January, 2024 respectively when the tax become due and payable until it is fully paid.”

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In the affidavit deposed to by Jimada Yusuf, a member, Special Investigation Team from the Office of the National Security Adviser (ONSA), he said he and other officials of FIRS and other regulatory agencies, investigated Binance’s business activities in Nigeria.

Yusuf said the Federal Government discovered that Binance had been operating in Nigeria for over six years without registration.

According to him, this was allegedly confirmed by Gambaryan and Anjarwalla during a meeting with the Securities and Exchange Commission (SEC) in 2024.

He further claimed that in a letter dated February 20, 2024, Binance admitted to having 386,256 active users from Nigeria on its platform, with a trading volume of $21.6 billion and a net revenue of $35.4 million for the calendar year 2023.

He accused Binance and its executives of multiple infractions, including offering financial services without the necessary licenses, operating without required permits, non-compliance with the money laundering Act, providing currency speculation services without proper authorisation, etc.

Yusuf averred that Binance engaged in Virtual Asset Service Provider (VASP) activities in Nigeria, providing trading and custodial services to Nigerian users without proper registration with the relevant regulatory agencies, among others.

NAN reports that the FIRS and the Economic and Financial Crimes Commission  (EFCC) are also prosecuting the cryptocurrency company in separate charges before Justice Emeka Nwite of the same court.

(NAN)

Senator Nwoko congratulates Regina Daniels on Nollywood Personality of the Year Award amid rumored marital saga

Senator Ned Nwoko has publicly congratulated his wife, Regina Daniels Nwoko, on being honoured as Nollywood Personality of the Year by The Sun Newspaper.

His heartfelt message comes amid ongoing speculation about the state of their marriage, following recent social media activity that raised eyebrows among fans.

The rumours began when Regina Daniels, a popular Nollywood actress and producer, suddenly deactivated her Instagram account, leaving her millions of followers in the dark.

After a two-week hiatus, she returned to the platform but made a noticeable change—she removed “Nwoko” from her Instagram bio, further fueling speculations of a possible rift between her and her husband.

Fans and social media users quickly speculated about potential marital issues, with many questioning if the couple was facing challenges behind closed doors. However, Ned Nwoko’s recent public show of support and admiration for his wife appears to dismiss the rumors, suggesting that all is well between them.

However, taking to social media, the billionaire politician and philanthropist expressed his pride in Regina’s achievements, highlighting her dedication and influence in Nollywood.

He wrote: “Congratulations, Regina Daniels. A big congratulations to my dear wife, Regina Daniels, for being honored as The Sun Newspaper’s Nollywood Personality of the Year!

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“Your dedication, talent, and passion for the industry continue to set you apart. This recognition is a testament to your hard work and the impact you’ve made in Nollywood. I am incredibly proud of you and excited for all the greatness ahead. Keep soaring, my love! The sky is just the starting point.”

The message has since gone viral, with many interpreting it as a strong declaration of unity and support for Regina. Fans of the actress have also flooded her social media pages with congratulatory messages, while some remain curious about the real state of their relationship.

Regina Daniels, who began her acting career as a child star, has grown into one of Nollywood’s most influential figures, often using her platform to advocate for young women and social causes. Her latest recognition by The Sun Newspaper further cements her status as a powerhouse in the Nigerian entertainment industry.

Despite the ongoing rumours, the couple has not publicly addressed any marital issues, leaving fans to speculate whether the Instagram bio change was simply a personal decision or something more.

For now, Ned Nwoko’s glowing tribute to his wife suggests that their marriage remains intact, and Regina Daniels continues to soar in her flourishing career.

FULL LIST: Anora leads 2025 Oscars as big winners are announced

The golden glow of the Dolby Theatre shimmered with excitement as the biggest night in Hollywood unfolded—the 97th Academy Awards.

The evening’s spotlight was on “Anora,” a film that had captivated audiences worldwide. Directed by Sean Baker, “Anora” wove a poignant tale of love and resilience, earning it six nominations.

Journalists, fans, and industry insiders buzzed with anticipation, eager to witness history in the making. Among the crowd stood Elena Carter, an aspiring filmmaker who had long dreamed of this moment, watching as the night’s winners took the stage, shaping the future of cinema before her eyes.

As the ceremony unfolded, “Anora” clinched five Oscars, including Best Picture. Sean Baker’s visionary direction and original screenplay were honored, and Mikey Madison’s portrayal of the titular character earned her the Best Actress award.

The first major announcement sent waves through the audience—Best Picture went to Anora, a raw and riveting drama that had captured the hearts of audiences and critics alike. Sean Baker, the film’s director, took to the stage, his voice shaking with emotion. “This film is about the resilience of the human spirit,” he said. “And tonight, I share this honor with everyone who believes in telling real, authentic stories.”

Mikey Madison, who portrayed the lead in Anora, was next, winning Best Actress. Tears welled in her eyes as she accepted her golden statuette. “This role changed my life,” she said. “And I hope it inspires others to take risks and believe in their art.”

Meanwhile, Adrien Brody’s powerful performance in The Brutalist earned him the Best Actor award, solidifying his status as one of Hollywood’s most versatile performers. The night also saw Zoe Saldaña take home Best Supporting Actress for her gripping role in Emilia Pérez, and Kieran Culkin earn Best Supporting Actor for A Real Pain, marking a triumphant evening for emotionally charged performances.

Elena clutched her notepad, scribbling every detail, absorbing the magnitude of the moment. She knew how these awards were more than just accolades—they were a statement about the stories that mattered.

As the ceremony continued, I’m Still Here, a poignant Brazilian film, won Best International Feature, while Flow took home Best Animated Feature, its innovative storytelling setting a new benchmark in animation. El Mal from Emilia Pérez won Best Original Song, its haunting melody leaving the audience spellbound.

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Among the technical categories, Dune: Part Two dominated with wins in Best Sound and Best Visual Effects, showcasing the power of immersive filmmaking. The Brutalist triumphed in Cinematography and Original Score, while Wicked dazzled in Best Production Design and Costume Design, proving that spectacle and substance could coexist.

By the end of the night, as the winners gathered backstage, Elena felt a renewed sense of purpose. She knew her journey was just beginning. One day, she promised herself, she would be up on that stage, telling a story that moved the world.

As the credits rolled on another historic Oscars night, the message was clear—cinema was alive, evolving, and forever inspiring.

Here is the full list of winners

Best picture

WINNER: Anora
The Brutalist
A Complete Unknown
Conclave
Dune: Part Two
Emilia Pérez
I’m Still Here
Nickel Boys
The Substance
Wicked

Best actress

WINNER: Mikey Madison – Anora
Cynthia Erivo – Wicked
Karla Sofía Gascón – Emilia Pérez
Demi Moore – The Substance
Fernanda Torres – I’m Still Here

Best actor

WINNER: Adrien Brody – The Brutalist
Timothée Chalamet – A Complete Unknown
Colman Domingo – Sing Sing
Ralph Fiennes – Conclave
Sebastian Stan – The Apprentice

Best supporting actress

WINNER: Zoe Saldaña – Emilia Pérez
Monica Barbaro – A Complete Unknown
Ariana Grande – Wicked
Felicity Jones – The Brutalist
Isabella Rossellini – Conclave

Best supporting actor

WINNER: Kieran Culkin – A Real Pain
Yura Borisov – Anora
Edward Norton – A Complete Unknown
Guy Pearce – The Brutalist
Jeremy Strong – The Apprentice

Best director

WINNER: Sean Baker – Anora
Jacques Audiard – Emilia Pérez
Brady Corbet – The Brutalist
Coralie Fargeat – The Substance
James Mangold – A Complete Unknown

Best international feature
WINNER: I’m Still Here – Brazil
The Girl with the Needle – Denmark
Emilia Pérez – France
The Seed of the Sacred Fig – Germany
Flow – Latvia

Best animated feature

WINNER: Flow
Inside Out 2
Memoir of a Snail
Wallace & Gromit: Vengeance Most Fowl
The Wild Robot

Best original screenplay

WINNER: Anora – Sean Baker
The Brutalist – Brady Corbet and Mona Fastvold
A Real Pain – Jesse Eisenberg
September 5 – Moritz Binder, Tim Fehlbaum, Alex David
The Substance – Coralie Fargeat

Best adapted screenplay

WINNER: Conclave – Peter Straughan
A Complete Unknown – Jay Cocks and James Mangold
Emilia Pérez – Jacques Audiard
Nickel Boys – RaMell Ross and Joslyn Barnes
Sing Sing – Clint Bentley and Greg Kwedar

Best original song

WINNER: El Mal – Emilia Pérez
Never Too Late – Elton John: Never Too Late
Mi Camino – Emilia Pérez
Like A Bird – Sing Sing
The Journey – The Six Triple Eight

Best original score

WINNER: The Brutalist
Conclave
Emilia Pérez
Wicked
The Wild Robot

Best documentary feature

WINNER: No Other Land
Black Box Diaries
Porcelain War
Soundtrack to a Coup d’Etat
Sugarcane

Best costume design

WINNER: Wicked
Nosferatu
A Complete Unknown
Conclave
Gladiator II

Best make-up and hairstyling

WINNER: The Substance
A Different Man
Emilia Pérez
Nosferatu
Wicked

Best production design

WINNER: Wicked
The Brutalist
Dune: Part Two
Nosferatu
Conclave

Best sound

WINNER: Dune: Part Two
A Complete Unknown
Emilia Pérez
Wicked
The Wild Robot

Best film editing

WINNER: Anora
The Brutalist
Conclave
Emilia Pérez
Wicked

Best cinematography

WINNER: The Brutalist
Dune: Part Two
Emilia Pérez
Maria
Nosferatu

Best visual effects

WINNER: Dune: Part Two
Alien: Romulus
Better Man
Kingdom of the Planet of the Apes
Wicked

Best live action short
WINNER: I’m Not a Robot
Anuja
The Last Ranger
A Lien
The Man Who Could Not Remain Silent

Best animated short

WINNER: In the Shadow of the Cypress
Beautiful Men
Magic Candies
Wander to Wonder
Yuck!

Best documentary short

WINNER: The Only Girl in the Orchestra
Death by Numbers
I Am Ready, Warden
Incident
Instruments of a Beating Heart