Rasheed Aro

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Rasheed Aro

Rasheed Aro

@rasheed_esq

Corporate & commercial lawyer building BlackMond Law. Co-Founder, MESAGE AI · Chartered Arbitrator · Author

Katılım Ekim 2020
989 Takip Edilen2.4K Takipçiler
LIFE AS CJAY
LIFE AS CJAY@justcjay___·
So you no been dey see my tweet before?
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Rasheed Aro
Rasheed Aro@rasheed_esq·
Some insurance companies in Nigeria have 17 days left to prove they’re not just collecting your premium and praying nothing goes wrong. S2: Law For Everybody Here’s the story. Insurance works like this: you pay a company small amounts of money regularly, called premiums, so that if something bad happens, your house burns down, your car crashes, you get sick, they pay you a much bigger amount to cover it. But that only works if the insurance company actually has enough money sitting somewhere to pay out when disaster strikes. Imagine ten people in your neighborhood all pay a small “just in case” fund to one person, and then one house catches fire. If that one person spent all the money already, everyone is in trouble. So the government passed a law in 2025 called NIIRA, and it says every insurance company must keep a much bigger financial cushion than before, real money set aside, not just promises on paper. They were given 12 months to fix this, and that clock runs out on July 30, 2026. Just over two weeks from now. Some companies are scrambling to raise the extra money by selling shares on the stock exchange right now, actually strengthening their pockets before the deadline. Others might not make it in time. Why does this matter to you? If you have an insurance policy, life, car, health, or business, this deadline determines whether that company will actually still exist, or be strong enough to pay you, when you eventually need them to. A cheap, tiny insurance company that can’t meet this new capital requirement isn’t just “smaller”, it might not be able to pay your claim at all when the day comes that you need it. That’s the topic for today’s series Ire o 🤝
Rasheed Aro@rasheed_esq

Your retirement money used to hide behind a curtain. Now it’s behind a vault door only math can open. S1: Law For Everybody You know how when you save money, you want to make sure nobody can just walk in and take it? That’s what your pension is, money set aside for when you’re older, kept by a company for you. Then we have th hackers who try to sneak into computer systems and steal money or and information. So the government’s pension agency regulating this sector called PenCom just made a new rule: every company that holds people’s retirement money must now use super strong digital locks, called “cryptographic defences”, think of it like upgrading from a simple key to a lock that changes its code every second so a thief can never guess it. If these companies don’t put in these strong locks, they get in trouble and have to pay fines, like a timeout, but with money. Why does this matter to you? Because it means you, your parents or grandparents’ pension money is now a little safer from digital thieves than it was before, and the company holding it doesn’t get to choose whether to protect it anymore. They have to. Ire o

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Rasheed Aro
Rasheed Aro@rasheed_esq·
Breaking: Nigeria has achieved something Buhari never could in 8 years, Tinubu did it in 2. Buhari borrowed to survive. Tinubu borrows for sport. ₦9.41T/year avg under Buhari (8 years) vs ₦29.29T/year under Tinubu, almost 3x the pace, because why walk when you can sprint into debt? Despite removing the fuel subsidy to “reduce borrowing,” Nigeria ended up with the two biggest budget deficits in its history back to back. Truly inspiring fiscal discipline. Tinubu 2027 more records to be broken🎉📉 #SubsidyScam #TinubuBudget Ire o
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Rasheed Aro
Rasheed Aro@rasheed_esq·
In 2023, Tinubu’s campaign told Nigerians he would deliver free education from primary to university level, alongside free health services, if elected. It made sense too, since as Lagos governor back in 2000, he’d actually done it before, free WAEC and NECO registration for public school students. Three years into his presidency, that promise hasn’t just stalled, it’s been reversed. WAEC and NECO fees just went up 82% to N50,000 for 2027. The man who once delivered free exam registration as governor is now the president overseeing the most expensive SSCE fee in Nigeria’s history. Where is the promise now?
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Rasheed Aro
Rasheed Aro@rasheed_esq·
Lovely algorithm
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Rasheed Aro
Rasheed Aro@rasheed_esq·
Lovely dance steps from Seyi Tinubu and Ayo Wisdom after their administration has quietly set records that may never be broken in Nigeria: 🏆 Fastest fuel price surge in Nigerian history — 463% increase, from ₦238/litre (2023) to ₦1,340+/litre (June 2026) 🏆 Fastest borrowing pace ever — ₦29.29T/year average, ~3x the Buhari-era ₦9.41T 🏆 Two biggest budget deficits, back-to-back — ~₦23.85T deficit in 2026 alone 🏆 Fastest Naira collapse — ₦460/$ to ₦1,500+/$ 🏆 Highest debt servicing cost on record — ₦12.6T (2024), 15T+ projected (2026) 🏆 Fastest-growing public debt — $103.94B by Sept 2025, plus a fresh $6B loan in March 2026 🏆 Most eroded minimum wage purchasing power — ₦70,000 could buy 300+ litres of petrol pre-subsidy removal; by May 2026, it buys just 43.9 litres 🏆 63% of Nigerians pushed into poverty — per World Bank data cited amid the fuel crisis 🏆 Most children kidnapped in consecutive mass abductions — Kuriga (287), Papiri (303), Oyo/Borno (80+) 🏆 Sharpest single-year rise in banditry deaths — 1,585 (2024) → 2,724 (2025) 🏆 Most consecutive unfunded, rolled-over budget cycles 🏆 Most unpaid contractors nationwide despite claimed subsidy “savings” 🏆 A president who told suffering Nigerians to “thank God” while fuel prices doubled in weeks (April 2026) This city boy movement is a political vanity dressed up as youth engagement 😆 Only a future government more reckless could ever break these records. Of course, continue the dance of shame, you’ve earned unbreakable records but just not the one the country should be proud of. Dem no even sabi dance 😏 Ire o
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Rasheed Aro
Rasheed Aro@rasheed_esq·
Monday as a lawyer
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focus
focus@focusEsq·
@rasheed_esq Like fly around Lagos ❓️ instead of driving
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Rasheed Aro@rasheed_esq·
If you build a startup that can help people fly in Lagos now… Unicorn in one month 😆
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Gbotemi
Gbotemi@confindence24·
My people. Who is this handsome politician? Wrong answers only. 😂 Ire oo.
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Abdulmajeed
Abdulmajeed@AA_Moshood·
Vote Mrs B on Saturday!
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Sahara Reporters
Sahara Reporters@SaharaReporters·
WATCH: Videos Of Tinubu Saying He Accepts Criticism Shake Up Proceedings In Sowore's Trial As Witness Deji Adeyanju Concludes Testimony More on SaharaTV: bit.ly/4pkeefw
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Daniel Otabor
Daniel Otabor@DanielOtabor·
Rev. Fr. Dr. Hyacinth Alia, Executive Governor of @benuestategovt. A serious claim has been made by the reputable civic tech organisation Tracka. Most Reverend, it is said that to N8.1 million was disbursed for the purchase of 50 office chairs, furniture and fittings for Gwer West LGA in Benue State, as contained in the state’s Q4 2025 Budget Implementation Report. Let’s not ask what sort of chairs and fittings. We will revisit this later. The most pressing issue is that Tracka has said that after visiting the SUBEB headquarters in Naka to verify the project, it found no evidence that the items had been supplied. It also reports that staff said they were unaware of any such delivery to their office or elsewhere in the LGA. Rev. Fr. Dr. Hyacinth Alia, this claim deserves a prompt and transparent response. If the project was executed, kindly provide the procurement records, delivery documents, evidence of receipt, and the location of the supplied items. If it was not, the public also deserves to know what happened to the allocated funds and what corrective actions will be taken. You have been ordained since 1990, and you have served in various pastoral and administrative roles in Nigeria and the United States. So, you understand that transparency is strengthened when legitimate questions are answered with evidence. Please, this demon has to be exorcised. We need answers.
Tracka@TrackaNG

N8.1m was disbursed for the Purchase of 50 Chairs Office Furniture and Fitting for Gwer West LGA, Benue state, according to the state Q4 2025 BIR. We visited SUBEB headquarters at Naka to track this project and we found that nothing was done. Staff told us that nothing of this sort was supplied to their office or anywhere else in the LGA they are aware of. We call on the @benuestategovt and the @SUBEB to provide the public with details of how funds disbursed to this project was used.

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