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Ebonyi Monarch Jesophat Ikegwu shot dead by unknown Gunmen in Onicha Community

Kenneth Onyekwere by Kenneth Onyekwere
April 2, 2026
in News
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Ebonyi Monarch Jesophat Ikegwu shot dead by unknown Gunmen in Onicha Community
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Ebonyi State has been thrown into mourning after unknown gunmen killed HRH Jesophat Ikegwu, the traditional ruler of Ishinkwor community in Onicha Local Government Area. The attack occurred on Wednesday night at the monarch’s palace, sources confirmed to The Trumpet.

Eyewitnesses said the assailants stormed the palace and shot Ikegwu through a window, leaving the community in shock. The Onicha Local Government Chairman, Ikechukwu Ogbofia, condemned the killing, stating that police have launched a full investigation and urged residents to remain calm.

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This incident marks the fifth reported killing of monarchs in Ebonyi State in recent times. Last month, the traditional ruler of Ndufu-Alike community in Ikwo Local Government Area was abducted and killed, with his body set ablaze. Although nine suspects were arrested in connection with that crime, no updates on prosecutions have been reported.

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The Ebonyi State Police Command confirmed the murder, with Public Relations Officer SP Joshua Ukandu stating that investigations are ongoing and that security agencies are actively pursuing those responsible.

The killing has intensified concerns over the safety of traditional rulers in Ebonyi State, prompting calls for stronger security measures to protect community leaders.

Tags: Ebonyi security alertEbonyi State violenceEbonyi traditional ruler attackIshinkwor community shootingJesophat Ikegwu murderedmonarch assassinations NigeriaNigeria monarch killed 2026Onicha LGA newspolice investigate Ebonyi palace shooting
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Nigeria can’t rely on borrowing forever, Finance Minister warns over fresh World Bank loan plans

Nigeria can’t rely on borrowing forever, Finance Minister warns over fresh World Bank loan plans

May 12, 2026
Nigeria can’t rely on borrowing forever, Finance Minister warns over fresh World Bank loan plans By Paul Joseph Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has declared that the country can no longer depend heavily on borrowing to fund national development, insisting that stronger tax reforms and sustainable revenue generation are now critical to the nation’s future. Speaking at the 28th Annual Tax Conference of the Chartered Institute of Taxation of Nigeria in Abuja, Oyedele said Nigeria must build a resilient fiscal system capable of financing infrastructure, healthcare, education, security and social welfare without excessive reliance on debt. His remarks come amid reports that the Federal Government is seeking a fresh $1.25 billion loan from the World Bank to support economic reforms and job creation initiatives. According to the minister, the government’s ongoing tax reforms are designed to improve fiscal sustainability, attract investment, reduce inequality and stimulate long-term economic growth. Oyedele noted that Nigeria’s tax system has for years been weakened by multiple taxation, poor compliance, fragmented administration and overdependence on a narrow revenue base, making it difficult for government revenues to adequately support development needs. He explained that the proposed reforms aim to simplify taxation, improve fairness and reduce the burden on low- and middle-income earners while creating a more investor-friendly environment. The minister disclosed that minimum wage earners have now been exempted from personal income tax, while plans are underway to reduce company income tax rates in order to encourage business expansion and investment. He added that reforms to the Value Added Tax system are expected to lower operational costs, improve efficiency and help moderate inflationary pressures across the economy. Oyedele further revealed that at least 15 states have already adopted tax harmonisation laws aimed at reducing multiple taxation and easing compliance burdens on businesses operating across the country. Also speaking at the conference, Vice-President Kashim Shettima defended the reforms, describing them as pro-people and pro-business measures intended to strengthen the economy and lift millions of Nigerians out of poverty. Former Edo State Governor, Adams Oshiomhole, also backed the reforms, arguing that wealthy Nigerians and private jet owners should contribute more through taxation to support national development. Fintiri approves new phase of Business Wallet programme for 72,000 Adamawa entrepreneurs

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