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FG to seek compensation for Nigerians forced to abandon businesses in South Africa    Power outages, poor internet top obstacles facing Nigerian creatives    Enugu's annual inflation rate up at 20.4%, from 17.0% in April 2026.    Forex    US Dollar/Naira: N1,300    British Pounds/Naira: N2,151      Euro/Naira: N1,816

Thursday, 4 June 2026

Governor Otti's Lesson to Lagos State: How Street Names Should Preserve Integrity, Not Politics




Street names, bus stops, monuments and public landmarks are more than mere signposts. They are instruments of collective memory. 

They tell societies who to celebrate, what values to uphold, and which stories future generations should remember. In this regard, Abia State Governor, Alex Otti, may have offered a master class on how public spaces should be named.

Recently, Governor Alex Otti took a step that many believe reflects the true purpose of public memorialisation. The newly commissioned Umuahia Central Bus Terminal was named after Professor Nnenna Nnannaya-Oti, the INEC Returning Officer who supervised the 2023 Abia governorship election. At a time when electoral manipulation and political pressure have become recurring concerns in Nigeria, Professor Nnenna  Oti became a symbol of institutional courage by standing firmly by the results despite reported pressure and controversy, she stood firm against bribery, intimidation and electoral manipulation during the election period. . By immortalising her name, the Abia government sent a message that honesty, integrity and patriotism are virtues worthy of public recognition.

This is precisely how societies build positive role models.

Across the world, streets, squares and public landmarks are often named after individuals whose actions contributed to the advancement of society. These names become educational tools. A child who asks, "Who was this person?" opens the door to a lesson in history, sacrifice and civic responsibility.

Contrast this with the controversy surrounding the renaming of the famous Charley Boy Bus Stop in Lagos. For decades, the location had become part of public consciousness, associated with the activist and entertainer Charly Boy. The decision to remove the popular name and replace it with a Yoruba designation was viewed by many as unnecessary and reflective of ethnic considerations rather than historical significance.

While every community has the right to preserve indigenous culture and language, public naming exercises should avoid creating the impression of tribal triumphalism. Nigeria's diversity is one of its greatest strengths. Public spaces should unite citizens around shared values, not deepen ethnic divisions.

The larger question is simple: What kind of people should we immortalize?

Should society honour individuals known for integrity, courage and service, or should names be changed merely to satisfy political or ethnic sentiments?

History provides useful guidance. Consider Marcus Garvey. Although he was Jamaican, his influence on Pan-African consciousness was so profound that streets, schools and public institutions across Africa and the African diaspora have been named after him.

 Generations who encounter "Marcus Garvey Road" or "Marcus Garvey Street" inevitably ask questions about the man behind the name. In answering those questions, societies retell the story of a visionary who championed Black pride, self-determination and African unity.

That is the true purpose of commemorative naming.

The same principle explains why many nations honour freedom fighters, reformers, scientists, judges, teachers and public servants. Their names become moral signposts. They remind citizens that noble conduct deserves recognition.

Nigeria desperately needs more of such examples. At a time when corruption often appears rewarded and public trust in institutions remains fragile, celebrating citizens who demonstrate honesty and patriotism can have a transformative effect. 

Naming a bus stop after an electoral official who resisted corruption may seem like a small gesture, but symbols matter. They help define the values a society wishes to promote.

Governor Otti's approach offers a useful lesson. Public landmarks should not merely reflect geography or political convenience; they should preserve history, celebrate integrity and inspire future generations.

When a child asks why a bus stop bears the name of an honest electoral officer, the answer becomes a lesson in character. When a young Nigerian asks who Marcus Garvey was, the answer becomes a lesson in courage and leadership.

That is how nations use public spaces to shape culture. Not by erasing names for ethnic or political reasons, but by ensuring that every signpost tells a story worth remembering.

The Nigerian equities market extends loses as Aradel and Eterna Plc takes the lead


On Thursday, June 5, 2026, the massive selloffs in Aradel Holdings Plc and Eterna Plc caused a sharp 4.90% decline in the Oil & Gas Index, erasing N580.65 billion from investors' wealth and extending the Nigerian stock market's losing streak to four straight trading sessions.

 It was more of profit taking in Nigerian stock exchange, as investors are selling to make gains. Why some are gearing up to seize the opportunity to acquire the most actively traded stocks in NGX.

The Oil & Gas Index emerged as the session’s worst-performing sector after plunging 4.90%, driven primarily by losses in Aradel Holdings and Eterna.

Aradel Holdings fell 9.51% to close at N1,749.90 per share, marking one of its sharpest daily declines in recent months.

The stock, which reached an all-time high of N2,024 per share in April 2026 after a remarkable rally, has now surrendered part of those gains as investors continue to lock in profits.

Despite the sharp drop, the stock was one of the most actively traded in the market by value, with transactions totaling N3.73 billion.

The enormity of Aradel's year-to-date appreciation is shown by the fact that it is still far higher than its January opening price of N670 per share even after the drop.

Intense selling pressure also affected Eterna, which dropped 9.85% to become one of the day's largest losers and exacerbate losses in the Oil & Gas Index.

Given that oil and gas stocks had been the market's top performers going into June, the steep sectoral loss is especially noteworthy. Prior to the latest drop, the sector's year-to-date performance exceeded 123%. As investors shift their focus to other prospects, the sector is currently seeing a wave of profit-taking.