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March 31, 2026

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Iyabo Ojo Bows Out of Feud Mediation Between Funke Akindele, Toyin Abraham

Nollywood actress and filmmaker Iyabo Ojo has announced she is stepping away from efforts to reconcile her colleagues, Funke Akindele and Toyin Abraham, following renewed tensions between the two stars.

In a lengthy Instagram post shared on Tuesday, Ojo addressed mounting criticism over her involvement in the long-running rift, making it clear she would no longer play the role of mediator.

“I have tried my best, but at this point, I can’t beg anyone anymore. I honestly don’t want to get involved,” she stated.

Reconciliation Efforts and Fallout

Ojo revealed that her relationship with Akindele spans several years, despite past disagreements. She admitted to previously criticising Akindele publicly over issues linked to Abraham’s movie—an action she now regrets.

According to her, she later reconciled with Akindele and went to great lengths to broker peace between both actresses, even pleading with them privately to settle their differences.

Her efforts initially paid off, leading to a temporary truce that saw the two stars interact publicly again. However, the peace agreement reportedly came with a condition that disagreements would be handled privately and not aired on social media.

That understanding broke down in December after Abraham raised concerns about alleged sabotage surrounding her cinema release, sparking fresh speculation among fans and reigniting the feud.

Viral Moment Sparks Fresh Debate

The controversy gained renewed traction after a viral video from a recent movie premiere in Lagos showed an apparent snub between the two actresses, further fueling online reactions and debate within the industry.

‘The Sky Is Big Enough for All’

Ojo, visibly frustrated by the situation, stressed that she holds no ill will toward either party but has chosen to distance herself moving forward.

“The sky is big enough for all. When both parties are ready, they will make peace,” she added.

She also clarified issues surrounding her upcoming film, noting that Abraham was initially cast in The Return of Arinzo but withdrew due to scheduling constraints—a development that required last-minute script adjustments.

What’s Next

While the rift between Akindele and Abraham continues to draw public attention, Ojo’s decision marks a turning point, signalling that any future reconciliation will have to come directly from both actresses.

Meanwhile, The Return of Arinzo is set to hit cinemas nationwide from April 3, adding another layer of anticipation amid the ongoing industry buzz.

Building, Business, Construction, News, Politics, Trending

JUST IN: Senate Approves Tinubu’s $6bn Loan Plan for Budget Support, Port Upgrade

Nigeria’s Senate has approved President Bola Tinubu’s request to secure $6 billion in fresh external loans, in a move aimed at addressing fiscal shortfalls and financing critical infrastructure projects.

The approval came shortly after the President transmitted two separate loan requests to the upper chamber, underscoring the urgency of the Federal Government’s funding needs.

Breakdown of the Loan Request

According to the letters read on the Senate floor by Senate President Godswill Akpabio, the borrowing plan includes:

  • $5 billion from Abu Dhabi Bank to support budget deficit financing and service existing debt obligations.
  • $1 billion facility from UK Export Finance, to be accessed through Citibank in London, targeted at upgrading Nigeria’s port infrastructure.

The requests were swiftly referred to the Senate Committee on Local and Foreign Debts, chaired by Aliyu Wamakko, which presented its report leading to the approval within hours.

Focus on Port Rehabilitation

President Tinubu said the $1 billion facility would be deployed to rehabilitate key maritime assets, including the Lagos Port Complex and Tin Can Island Port.

He noted that the projects are designed to tackle longstanding inefficiencies, improve safety standards, and boost Nigeria’s capacity for non-oil trade—positioning the country as a regional logistics hub.

Rising Borrowing Amid Fiscal Pressures

The latest approval highlights the government’s continued reliance on borrowing to bridge widening budget deficits.

Earlier, the National Assembly had approved a request by the administration to raise N1.15 trillion from the domestic market to finance the 2025 budget shortfall.

With total expenditure in the 2025 Appropriation Act now pegged at N59.99 trillion, analysts say external borrowing remains a key strategy for funding large-scale infrastructure and sustaining economic reforms.

What It Means

The Senate’s swift endorsement signals strong legislative backing for the Executive’s financing strategy, even as concerns persist over Nigeria’s rising debt profile.

If effectively implemented, the port rehabilitation projects could significantly improve trade efficiency, reduce congestion, and enhance Nigeria’s competitiveness in regional and global markets.

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