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Inside Lagos: Cable Thief Electrocuted In Isale-Agbede

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An unidentified man has lost his life after being electrocuted at Isale-Agbede in the Lagos Island area.

Report has it that the man died while stealing a cable from a transformer in the area.

Though details of the incident remained sketchy as of the time this report was filed, a video watched by our correspondent on Friday, showed the body of the man trapped between two transformers while about three long cables were also seen at the incident scene.

It was further learnt that the incident happened a few days after the cables were replaced after the former ones were stolen by suspected louts in the area.

A tweep identified only as Teewhy, who posted the video, noted that residents of the area often thought the victim was an official of the Eko Electricity Distribution Company.

He said, “The guy here tried to steal a cable from a transformer panel but unfortunately ‘NEPA’ restored light and he was electrocuted. It happened somewhere around Lagos Island. Most people thought it was “NEPA’ officials that do come and steal them.’’

Efforts to reach the spokesperson for the EKEDC, Mr Felix Ofulue, were futile as his mobile indicated that it was switched off at the time the report was filed.

Contacted, the state police spokesperson, Benjamin Hundeyin, confirmed the incident, saying the man had yet to be identified.

Hundeyin stated, “We are aware of the incident but the man has yet to be identified. Investigation is also ongoing.’’

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FCT Resident Doctors Begin 7-Day Warning Strike

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The Association of Resident Doctors in the Federal Capital Territory (ARD-FCT) commenced a seven-day warning strike on Monday to demand urgent reforms in the territory’s health sector.

In a communiqué signed by President George Ebong and other executive members, the doctors described the FCT health system as fraught with chronic systemic failures, calling for immediate and comprehensive reform.

Ebong highlighted the dire working conditions: severe manpower shortages, malfunctioning equipment, unpaid allowances, unpaid salaries, and delayed promotions. Many doctors are reportedly overburdened, covering multiple departments simultaneously, a scenario he warned could precipitate a systemic collapse.

The ARD-FCT has issued a one-week ultimatum to the FCT administration to begin implementing meaningful improvements—particularly in staffing and welfare—or face escalation to an indefinite strike.

Responding on Channels Television’s Sunrise Daily, Minister of State for Health Isaq Salako expressed optimism that ongoing government dialogue with the National Association of Resident Doctors (NARD) could avert further disruption. He acknowledged that about 40% of the 2025 residency allowances remain unpaid, and assured that discussions are underway to resolve these outstanding issues.

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Lending Rates May Drop As Inflation Eases — CBN Governor Cardoso

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The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has signalled that lending rates could decrease in the coming months, as headline inflation shows signs of slowing.

Speaking during a fireside chat at the European Business Chamber (Eurocham Nigeria) C-Level Forum, Cardoso said that while inflation remains elevated, its gradual decline opens the door for lower interest rates.

He emphasised that an environment of easing inflation and improved market efficiency would naturally support stronger corporate lending and increased investment.

Cardoso underscored the CBN’s top priority: maintaining financial system stability while addressing inflation pressures. He reiterated that the ongoing recapitalisation of banks is critical in strengthening institutions to withstand economic shocks and support growth.

He also highlighted the importance of deepening financial inclusion through technology-driven solutions and fintech, as part of broader efforts to promote equitable access to credit and tackle poverty.

In addition, he praised enhanced coordination between the central bank and fiscal authorities—including the Ministries of Finance, Trade and Industry, and the Budget Office—as key for sustaining economic reforms and long-term stability.

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JUST IN: Suspected Gunmen Abduct APC Chairman’s Wife, Daughter In Kwara

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The wife and daughter of Alhaji Mohammed Swasun, chairman of the All Progressives Congress (APC) in Patigi Local Government Area of Kwara State, have been abducted.

The incident occurred on Sunday evening when suspected gunmen stormed the community. Swasun reportedly witnessed as his wife, Hajia Fatima, and daughter, Amina, were taken away to an unknown location.

A source confirmed that the matter has been reported to the Patigi Police Division.

“The authorities are aware, but the kidnappers have not contacted the family yet,” the source said.

As of the time of filing this report, security agencies have not issued an official statement on the incident.

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