NEWS
Obi Commends JAMB Registrar For Owning Up To UTME Mistakes
Former Labour Party presidential candidate Peter Obi has praised Professor Ishaq Oloyede, the Registrar of the Joint Admissions and Matriculation Board (JAMB), for what he described as a rare show of honesty and accountability following the controversy surrounding the 2025 UTME results.
The exam, taken by over 1.9 million candidates across Nigeria, saw more than 1.5 million students score below 200.
The widespread underperformance sparked outrage nationwide, with parents, students, and education stakeholders questioning the credibility of the test.
READ MORE: 2025 UTME: Human Rights Lawyer Drags JAMB, Education Ministry To Court
Amid the growing public backlash, Prof. Oloyede stepped forward to admit that technical issues had compromised the integrity of the results for nearly 380,000 candidates.
According to him, the glitches affected 65 centres in Lagos, impacting over 206,000 candidates, and 92 centres in the South-East, where another 173,000 were affected.
In a press conference that drew national attention, the registrar tearfully confessed to the errors, citing “technical glitches” as the root cause.
His emotional address stirred fresh debates across the country, with many calling for the Federal Government to either overhaul or scrap the examination body entirely.
Reacting to the development, Peter Obi issued a statement titled “Let’s Not Let Glitches Become a National Crisis,” in which he commended Oloyede’s courage to admit fault publicly.
“I recently watched the heartfelt press conference delivered by the JAMB Registrar, Prof. Ishaq Oloyede, in which he acknowledged that technical glitches had affected the recently released JAMB results, impacting 379,997 candidates,” Obi said.
“His open admission of fault and deep remorse stand out as a rare but commendable display of accountability in our public institutions.”
While appreciating JAMB’s swift response, Obi expressed deeper concerns about what the incident reveals about the state of institutional systems in Nigeria.
He warned that repeated failures of this magnitude come at a heavy emotional cost to the public.
“The emotional and psychological toll on students, and even parents, some of whom have reportedly suffered severe trauma, and in heartbreaking cases, even death, serves as a reminder of what is at stake,” he noted.
Obi advised exam bodies and similar institutions to build stronger internal frameworks that ensure technical reliability.
He called for the adoption of “comprehensive quality assurance frameworks” that involve “rigorous testing and constant auditing of technical infrastructure.”
He also stressed the need for better communication and faster problem resolution to restore confidence in public institutions.
“There must be no room for further glitches — not in JAMB, not in any arm of government. The cost of repeated failure is simply too high,” he said.
As reactions continue to trail the scandal, legal actions are being filed, including a suit involving JAMB and the Ministry of Education over alleged violations of minors’ rights.
The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).
President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
READ ALSO: Dangote Refinery Opens Landmark IPO Today
The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.
The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).
The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.
The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.
ALSO READ: Dangote Calls Refinery IPO ‘People’s IPO’ as N2.15tn Offer Opens
The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.
It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.
According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”
The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.
The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”
The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.
SEC warns against fake IPO agents
The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.
The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.
The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.
Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.
The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.
The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.
The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.
Investor demand for the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO) has reached a historic level, with subscription activity surging across digital investment channels.
Data released by the Nigerian Exchange (NGX) on its official X handle on Monday showed that total transaction volume had surpassed 402,634, pushing the total subscription value to ₦1,476,171,994,112, approximately ₦1.476 trillion.
The figures, displayed on the #NGXInvest command centre dashboard, highlight the strong appetite among investors for the landmark offering.
More details shortly.
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