A National Commissioner at the Independent National Electoral Commission, May Agbamuche-Mbu, has taken over as the acting Chairman of the Commission.

This followed the formal handover of duties by Professor Mahmood Yakubu, who is proceeding on a terminal leave.

The transition was announced during a stakeholders’ meeting with Resident Electoral Commissioners held on Tuesday at the INEC headquarters in Abuja.

Speaking at the meeting, Yakubu explained that he was stepping down in accordance with Section 306, Subsections 1 and 2 of the 1999 Constitution (as amended).

“In recognition of the significant challenges ahead, and having had the honour of serving the Commission for the past 10 years, with only a few weeks remaining in my tenure. I have made a decision.

“In the interim, I am handing over to one of the most senior national commissioners by date of appointment. Following consultation with other national commissioners, May Agbamuche-Mbu will serve in an acting capacity pending the appointment of a substantive chairman of the Commission.

“I hope that this will afford the appointing authorities adequate time to appoint a new chairman. It will also enable the new chairman to quickly settle down to the task of conducting elections and electoral activities in Africa’s most demographically and logistically complex environment.

“Since 2015, I have worked with 24 national commissioners and 67 resident electoral commissioners, so also to the staff of the Commission. Those involved in elections or vastly knowledgeable about election management understand the conduct of elections and what it entails. I will forever cherish the support of successive secretaries and staff of the Commission nationwide,” he noted.

Yakubu expressed gratitude to colleagues, stakeholders, civil society groups, development partners, and Nigerians, acknowledging their roles in supporting electoral processes during his tenure.

He also praised members of the National Youth Service Corps, calling them “among the most educated and most patriotic and also most knowledgeable election officials I have worked with.

“Above all, I thank Nigerians for their comments as well as criticisms, which encouraged rather than discouraged us to persevere.”

As part of his farewell, Yakubu presented two publications documenting the Commission’s work during his tenure: Election Management in Nigeria 2015–2025 and Innovations in Electoral Technology 2015–2025.

“All that remains at this point is for me to pray that God will continue to bless our country and our democracy,” Yakubu said as he handed over to Agbamuche-Mbu.

He added, “It is now my pleasure to sign my official handing over notes and present the same to Agbamuche-Mbu. And from that point, I will take my exit.”

Before taking his exit, the outgoing chairman outlined the Commission’s preparations for several upcoming elections, including the Anambra State governorship election next month, the Area Council election in the Federal Capital Territory in February 2026, the Ekiti State governorship election in June 2026, and the Osun governorship election in August 2026.

He also confirmed that “INEC has already begun preparations for the 2027 general elections” while awaiting the passage of “a new Electoral Act currently before the National Assembly.”

“Beyond these reviews, the commission needs to further clean up the voters’ register, review the locations of some of the polling units, and allotment of voters to them. The management of party primaries is another major area of activity,” he said.

Yakubu reflected on the logistics and challenges of managing Nigeria’s electoral process, highlighting issues such as insecurity, natural disasters like floods, and the need to update frameworks for internally displaced persons’ voting.

“Over the years, we achieved a lot in responding to challenges and monitoring our introducing many innovations. We have consolidated the biometric register of voters and replaced many of our manual processes with digital platforms and applications,” he said.

He listed innovations introduced under his leadership, including technologies for locating election facilities, virtual training, management of political party finances, and monitoring elections through the Election Monitoring and Support Centre.

“Indeed, we have made tremendous progress, but a lot more needs to be done,” he said.

Before his foray into electoral administration, Yakubu, born in May 1962, served as Executive Secretary of the Education Trust Fund.

Former president Muhammadu Buhari appointed Yakubu as INEC on October 21, 2015, following Senate confirmation, and he assumed office on November 9, 2015, succeeding Professor Attahiru Jega.

In 2020, he was reappointed for a second five-year term, again confirmed by the Senate — first in Nigeria’s democratic history.

The Punch

In recognition of his unwavering commitment to Africa’s development, Fidelity Bank Plc recently hosted a grand black-tie dinner to celebrate the retirement of Professor Benedict Okechukwu Oramah, outgoing President and Chairman of the African Export-Import Bank (Afreximbank), after ten years of transformative leadership.

Held at the Lagos Continental Hotel on Thursday, 2 October 2025, the event was themed “Celebrating a Titan” and drew a distinguished gathering of dignitaries, captains of industry and international guests. They came together to honour a man widely regarded as one of Africa’s most influential financial leaders.

Welcoming guests to the event, Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, described Prof. Oramah as “a towering figure in Africa’s economic renaissance.” She noted that his tenure at Afreximbank was defined by bold ideas, strategic foresight and a relentless pursuit of inclusive growth. “From Cairo to Kigali, Lagos to Lusaka, his influence has touched lives, empowered businesses and strengthened the very fabric of African integration,” she said. She also highlighted his role in pioneering initiatives such as the Pan-African Payment and Settlement System and his advocacy for intra-African trade and creative industries.

Among the guests in attendance were the Lagos State Governor, Mr. Babajide Sanwo-Olu; Ogun State Governor, Prince Dapo Abiodun; Minister of Art, Culture, Tourism and Creative Economy, Ms. Hannatu Musawa; Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; and Minister of State for Finance, Dr. Doris Nkiruka Uzoka-Anite.

Special recognition was given to Mrs. Chinelo Oramah, whose steadfast support was acknowledged as instrumental to her husband’s success. “Her dedication to maintaining the home front has been pivotal,” said Dr. Onyeali-Ikpe, “as Prof. Oramah pursued the transformational initiatives that have distinguished his tenure.”

The evening featured tributes from several guests including Mr. Babajide Sanwo-Olu; Chairman of Vista Group Holding, Mr. Simon Tiemtore; and Chairman of Fidelity Bank Plc, Mr. Mustafa Chike-Obi, who described Prof. Oramah as “the most consequential African person in the last 10 years.”

In his remarks, Prof. Oramah expressed deep appreciation for the honour. “I want to thank the board and management of Fidelity Bank for this honour. It is not always that when a leader of an institution gets to the twilight of his tenure that those he works with deem it important to say we appreciate you. I really cherish this event. On behalf of my family and wife as well as the Afreximbank family, I say thank you.”

He also reflected on the longstanding relationship between Afreximbank and Fidelity Bank. “Our relationship with Fidelity Bank dates back to the 1990s and it has grown from year to year. Fidelity Bank is one of the trusted partners that we have. Fidelity Bank has helped us to achieve some of the things we have achieved here in Nigeria. When my dear sister, Nneka, took over, she did more than everyone expected. The transformation that we continue to see in Fidelity Bank is something that makes all of us proud. With all of the activities that you do that complement what we do at Afreximbank and the type of financing that supports what we do at Afreximbank, I believe that the partnership in the years ahead will grow even stronger.”

The evening was anchored by broadcast journalist Ojinika ‘Ojy’ Okpe and comedian and actor Okechukwu Anthony Onyegbule, popularly known as Okey Bakassi. The celebration reached its climax with a musical performance by Nigerian highlife singer Chinedu Okoli, professionally known as Flavour N’abania.

Billionaire Elon Musk, the world’s richest person, is nearly halfway to becoming the planet’s first trillionaire, Forbes magazine reported on Wednesday.

The Tesla and SpaceX CEO became the first person to achieve a net worth of $500 billion, briefly, as the shares in his electric vehicle company rebound from his clumsy stint in politics, amid other gains.

The 54-year-old’s net worth hit $500.1 billion Wednesday before dipping back to $499.1 billion, the publication’s “Real-Time Billionaires” tracker reported.

Ranked after him are Oracle CEO Larry Ellison with a net worth of $350.7 billion, followed by Meta CEO Mark Zuckerberg with a net worth of $245.8 billion on the Forbes list.

After graduating from the University of Pennsylvania and dropping out of Stanford University, Musk banked his first millions when he sold an online publishing software company to US computer maker Compaq for more than $300 million in 1999.

His next company eventually merged with PayPal, and after leaving that venture, the South African-born tech entrepreneur founded space rocket company SpaceX in 2002 and became the chairman of electric carmaker Tesla in 2004.