Allegations of money laundering, tax evasion trail Rev. Mother Ajayi’s suspected ban from UK

Who is after Reverend Mother Esther Abimbola Ajayi, the General Overseer of Love of Christ (LOC) Generation Church, United Kingdom? This is the mind-boggling question that has been troubling many of her admirers and followers. The highly revered evangelist, preacher, motivational speaker and philanthropist has become a subject of derision among some Nigerians living abroad, especially in the United Kingdom, where her church is based. The church, which sources said is small, is reportedly located in Clapham, London. Sources disclosed that Iya Adura, as Rev’d Mother Ajayi is fondly called,…

Read More

GTCO rated Nigeria’s strongest and Best Banking Brand in Nigeria

Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively. These awards not only reaffirm GTCO’s position as a leading financial services group but also spotlights the Group’s enduring reputation as a customer-focused brand. Over the years, GTCO has demonstrated remarkable commitment to shaping the future of financial services in Africa and is renowned for its…

Read More

Breaking: Abiodun issues three executive orders to establish two new agencies, restrains monarchs on MOU

Ogun State Governor, Prince Dapo Abiodun, has issued three Exective Orders to establish two new agencies, namely: The Ogun State Mineral Resources Development Agency and The Ogun State Landscaping and Recreation Agency. In addition to the establishment of these two agencies, the third executive order, therefore restrains monarchs from entering into any form of agreement or Memorandum of Understanding concerning mining activities or any other land matters in their domains. A statement issued on Saturday by the Special Adviser to the Governor on Media and Strategy, Hon. Kayode Akinmade, said…

Read More

Kano Emirate Batttle: Gov. Abba orders demolition of Bayero’s Palace

The Kano State governor, Abba Yusuf, has directed the State’s Commissioner of Police to evict the 15th Emir of Kano, Aminu Ado Bayero, from the mini Palace in Nasarawa area of the Kano metropolis with immediate effect. The state government said the property where the deposed Emir is hibernating belongs to the government and it has be pencilled down for renovation, including demolition of a part of its wall. The governor spoke through the State’s Attorney-General and Commissioner for Justice, Haruna Dederi, during a press conference held at the Government…

Read More

FirstBank confirms Alebiosu as CEO

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director and Chief Executive Officer (CEO) of the bank. Updating the Nigerian Exchange Group about recent developments within the bank, the company’s Secretary, Adewale Arogundade, mentioned in a notice on Wednesday that Alebiosu’s appointment is subject to the approval of the Central Bank of Nigeria (CBN). Before his new appointment, Alebiosu was acting Managing Director of the bank since April 2024, when the former MD, Adesola Adeduntan, resigned. Labour, private sector operators bicker over…

Read More

Ogun monarch, renown journalist, PR practitioner joins ancestors

Oba Dr. Olufemi Ogunleye, the Towulade of Akinale in Ewekoro Local Government Area of Ogun State, is dead. Dr Kunle Adesina, on behalf of the family, in a statement issued on Thursday, confirmed the passage of the royal father, who died at 79. The statement read, “With gratitude to God, the entire Ogunleye Family of Akinale and Delesolu Compound, Ago-Owu, Owu Kingdom Abeokuta, hereby announce the passing unto glory of our illustrious son, father and grandfather, His Royal Highness Oba (Dr.) Olufemi Okesooto lyanda Adewunmi Ogunleye, Towulade 1 of Akinale,…

Read More

Why you should stop eating cooked food refrigerated for more than three days -NAFDAC DG

Prof Moji Adeyeye, the Director General of the National Agency for Food and Administration and Control, has urged Nigerians to refrain from storing cooked food in the refrigerator for more than three days. Adeyeye warned that cooked food stored in the refrigerator for days is susceptible to contamination by disease-causing pathogens, key agents of foodborne diseases that can lead to death. Adeyeye made this known in a statement on Tuesday signed by the agency’s Resident Media Consultant, Sayo Akintola. Adeyeye, who said this in commemoration of the 2024 World Food…

Read More

How we detected and removed 1,618 ghost workers from FG payroll -HoS

Dr. Folashade Yemi-Esan the Head of Service of the Federation says the Federal Government has uncovered 1,618 officers in the Civil Service with illegal and fake employment letters. Dr. Yemi-Esan made this known on Wednesday in Abuja, during a media parley organized as part of programmes marking the 2024 Civil Service Week, with a theme: Education an African fit for the 21s Century: Building Resilient Education System for Increased Access to Inclusive Longlife, Quality and relevant Learning in Africa. She disclosed that through physical verification conducted by the Ministries, Departments…

Read More

Kano court sacks Sanusi as Emir

A Federal High Court in Kano, presided over by Justice Abdullahi Liman, on Thursday, 20 June, 2024 nullified the reinstatement of Muhammadu Sanusi II as the 16th Emir of Kano. The court also nullified all the actions taken after the controversial reinstatement. “I hereby order that every step taken by the government is hereby nullified and becomes null and invalid and that this does not affect the validity of the repealed Emirates Law but actions taken by the governor which include the assenting to the law and the reappointment of…

Read More

Fidelity Bank chairman, Chike-Obi advocates continental unity and economic integration

In a conversation with Kenneth Igbomor of CNBC Africa, Mustafa Chike-Obi, Chairman of Fidelity Bank Plc, emphasized the need for Africa to unite and collaborate for economic prosperity. “Africa must work together, leveraging our collective strengths to compete globally,” Chike-Obi asserted. He highlighted the significance of the African Continental Free Trade Area (AfCFTA) in driving sustainable development, stating, “True economic growth will only come from integration and shared efforts.” Watch the full interview here: https://www.cnbcafrica.com/media/6355014775112/chike-obi-africa-needs-to-be-competitive-/

Read More

Auto Industry summit: Customs boss, Adeniyi to address challenges of local assemblers as Kia, Carloha, Coscharis, Globe Motors, others key into maiden event

As momentum gathers for the maiden edition of the Nigeria Auto Industry Summit (NAISU) scheduled to hold at Radisson Lagos, GRA Ikeja, on June 27, 2024, more stakeholders in the automotive sector have expressed their support for the event. Already, Kia Nigeria, Carloha Nigeria, Coscharis Motors, Globe Motors, Ineh-Mic Motors, Suzuki By CFAO, RT Briscoe, Toyota Nigeria Limited (TNL), Weststar Associates Limited and Honda Automobile Western Africa Limited (HAWA) have committed themselves to the success of the maiden event with full support while others are still being expected to join…

Read More

Rivers Crisis: Fubara vows to resist supporters arrest, holds security council meeting

Governor Siminalayi Fubara of Rivers State, on Tuesday, convened a high-level security council meeting with heads of security agencies. The security meeting, which took place at the Government House in Port Harcourt, the state capital, was in response to escalating political tension in the state following the expiration of the tenure of the local government chairmen in the state. The closed-door session focused on recent disturbances at local government secretariats and the overall security situation in the state. Addressing reporters after the closed-door meeting, Fubara said the meeting with the…

Read More

June 12: MKO Abiola’s family on fire as Kudirat’s son accuses Simbiat’s son of incompetence and betrayal of father’s legacy

Abdulmumuni Abiola, a brother to Kola Abiola and son of the winner of the June 12, 1993 presidential election, the late MKO Abiola, has criticised the poor handling of his father’s legacies. He expressed his disappointment in the podcast MIC ON with Seun Okinbaloye, released Saturday night. He also blamed Kola, Abiola’s eldest son, who he said was in a position to hoist his father’s legacy but failed to do so. This is as he alleged that Kola, who could have carried on with his father’s struggle, was in a…

Read More

Lagos Police rescues Fouani brothers

The Lagos State Police Command says the abducted Fouani brothers and two others have been rescued in Orugbo Iddo by men of the Marine Police. The spokesperson for the command, Benjamin Hundeyin, made this known via a text message on Tuesday. According to him, the brothers identified as Abbas Fouani, Youssef Fouani, and Amtal Fouani, who were abducted on June 14 around 6pm in Lagos were rescued last night. One of the brothers is the Managing Director of Fouani Nigeria Limited that specialises in electronics and is the sole distributor…

Read More

UniBen’s fresh graduate beaten, raped to death by unknown assailants

A female student of the University of Benin (UNIBEN) identified as Adekolore Idowu Glory has been reportedly raped to death. Glory, 22, a recent graduate of the university, was said to have been beaten and raped to death at Iyowa Community, Benin City on June 13. In an X post, a user who identified as Glory’s brother said unknown men attacked her while she was on her way back home from school. Glory, who graduated in April this year, was said to have been processing her clearance when she was…

Read More

Cholera Outbreak: These are what you need to know

Recently, the Nigerian government confirmed the outbreak of cholera in parts of the country, including Lagos State. Laboratory investigations and test results in Lagos have however confirmed that the current outbreak is associated with the Cholera subtype known as Serovars O1. The identified Cholera strain according to the Lagos State Health Commissioner, Akin Abayomi, is “highly aggressive and contagious, with the potential for widespread” concerns, heightened by the rainy season. As of Sunday, data provided by Mr Abayomi on his Instagram account revealed that the state had recorded 350 suspected…

Read More

Lagos battling with highly contagious cholera strain -Health Commissioner

Dr. Akin Abayomi, the Lagos State commissioner for health, says the state government is battling a strain of cholera described as highly aggressive and contagious. On Sunday, Abayomi said Lagos has recorded 17 confirmed cases of cholera and 15 fatalities so far. He said laboratory investigation has confirmed the strain to be cholera sub-type O-1, adding that the subtype is associated with more severe diseases. On Monday, in a post on X, Abayomi said the identified strain is “highly aggressive and contagious, with potential for widespread dissemination”. Abayomi said through…

Read More

Peter Obi’s pillar of support visits First Lady, days after wearing Tinubu’s styled cap

Former President Olusegun Obasanjo visited the first lady Oluremi Tinubu, in Lagos on Monday, on the occasion of the Eid-el-Kabir celebration. Busola Kukoyi, media aide to the first lady, shared the picture of Oluremi and Obasanjo in a post published on X. “Former President of the Federal Republic of Nigeria Chief Olusegun Obasanjo and the First Lady of the Federal of Nigeria Senator Oluremi Tinubu after receiving the Former President who came felicitating on the Sallah Celebration on Monday 17th June,” Kokoyi wrote on X. Former President of the Federal…

Read More

How Isa Funtua wrecked Keystone Bank, collects N28bn loan through fake companies

Abubakar Isa Funtua, son of late businessman and publisher, Mallam Ismaila Isa Funtua, has been arrested by the Economic and Financial Crimes Commission, EFCC, over alleged N28 billion fraud. The late Isa Funtua was ex-President Buhari’s very close confidant, long-time friend and associate.” Abubakar is currently being interrogated by the operatives of the anti graft agency over his involvement in a N28 billion alleged scam. Abubakar and his Ugandan business associate, Asega Aliga, are accused of embezzling N28 billion from Keystone Bank and fleeing the country. Operatives of the anti-graft…

Read More

You are not my son, Oba of Benin chides LP candidate, Akpata over wrong claim to the Palace

The Oba of Benin, His Royal Majesty Oba Ewuare II, has publicly corrected Labour Party gubernatorial candidate Olumide Akpata for claiming to be a “son of the Palace”. Akpata, during a recent meeting with the monarch repeatedly referred to himself as a “son of the Palace” in both English and the local dialect. The Oba, however, swiftly dismissed his assertions, explaining that he had instructed one of his chiefs to verify Akpata’s claims. He added that his investigation revealed that Akpata has no direct or distant links to the Palace.…

Read More

Emir Sanusi holds dubar to Celebrate Sallah

The 16th Emir of Kano, Alhaji Muhammadu Sanusi II, held a Sallah durbar in Kano as part of activities marking the celebration of Eid el Malud. The action was in defiance of the ban by the Kano State Police Command banning the event usually held after the Sallah prayer due to the tension generated by the removal from office of Emir Aminu Ado Bayero and the re-installation of Emir Muhammadu Sanusi. The Emir had earlier led Eid prayer and sermon at the Kofar Mata Jumu’at mosque. The Eid prayer was…

Read More

SEC warns Nigerians over Davido’s crypto token

The Federal Government has warned Nigerians against investing in the crypto token of music star, David Adeleke, better known as Davido. Last month, Davido announced the launch of the crypto token or memecoin inspired by himself. The digital currency, known as “Timeless Davido” ($DAVIDO), sparked excitement among the singer’s fans and supporters. Davido worked with the main blockchain platforms Phantom and Solana to complete the proposal. Initially, $DAVIDO skyrocketed, hitting a market cap of $10 million in four hours and gaining momentum on DEX Screener. The jubilation was however short-lived,…

Read More

Why NPF rejected newly recruited constable list – Adejobi

The Nigeria Police Force (NPF) says the ongoing police constable recruitment was marred by alleged corruption and irregularities. In a statement released on Saturday, Muyiwa Adejobi, force spokesperson, said the NPF has dissociated itself from the recent list of successful candidates published by the Police Service Commission (PSC). The force spokesperson said the NPF had been “inundated with a series of complaints and allegations of corruption raised by unsuspecting candidates and stakeholders on the irregularities that marred the exercise most especially the disappearance of the names of screened candidates who…

Read More

Finidi steps down as Super Eagles Coach

has stepped down as coach of the Super Eagles. This was made known by ex-Super Eagles media officer, Toyin Ibitoye in a post on X.com on Saturday. He wrote, “News just in. Finidi George #FinidiGeorge_FG has resigned from his #NGSuperEagles manager position.” The resignation follows the Nigeria Football Federation’s (NFF) decision to appoint a foreign coach to oversee him, despite his recent appointment in May. George, 53, took the reins after Jose Peseiro’s contract ended in February, having served as his assistant for 20 months. However, the team’s disappointing performance…

Read More

Popular businessmen, Fouani brothers kidnapped in Lagos, boat found in Ikorodu as kidnappers demand $150m

Three brothers and members of the Fouani family, owners of Fouani Nigeria Ltd have reportedly been abducted in Lagos state. Fouani Nigeria Ltd specialises in electronics and is the sole distributor of LG, Hisense and Maxi products in Nigeria. The brothers, Abbas Fouani, Youssef Fouani and Amtal Fouani were said to have been abducted around 6pm on Friday. The were reportedly kidnapped while traveling on a boat from Apapa to Victoria Island. Details of the incident are still sketchy as at the time of filing this report. However, when contacted,…

Read More

Deposed Emir, Bayero wins case against Kano govt, gets N10m for damages

Alhaji Aminu Ado Bayero the deposed Emir of Kano has defeated the Kano state government in a case of rights of movement and freedom to civil liberty instituted against the government. The Court upheld the rights of movement and freedom to civil liberty of the deposed Emir of Kano, Alhaji Aminu Ado Bayero and asked the Kano State Government to pay N10m damages to the 15th Emir. In his judgment, the Presiding Judge of the Federal High Court 3, Justice Simon Amobeda, on Friday, upheld the applicant counsel’s withdrawal of…

Read More

Fidelity Bank Plc Promotes 11% of Staff Following Record Financial Performance

Leading financial institution, Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees. This significant move follows the release of the bank’s 2023 full year Audited Financial Statements, which reported an impressive 131.5 percent growth in Profit Before Tax (PBT) to N124.26 billion. The recent promotions span every level within the bank, reflecting Fidelity Bank Plc’s commitment to recognizing and rewarding excellence across its entire organization. This strategic initiative has garnered positive reactions from staff members, who…

Read More

FG declares Monday, Tuesday as public holidays

The Federal Government has declared Monday, June 17 and Tuesday, June 18, 2024, public holidays to mark this year’s Eid-el-Kabir festival. In a statement on Friday signed by the Ministry of Interior’s Permanent Secretary, Dr Aishetu Ndayako, quoted the minister, Olubunmi Tunji-Ojo, as congratulating all Muslim Ummah both at home and in the Diaspora on the occasion. Tunji-Ojo called on the Muslim Ummah to continue to imbibe the spirit of peace, kindness and sacrifice, as exemplified by Prophet Ibrahim (Peace be upon Him) and to also use the period to…

Read More

FirstBank partners International Women’s Society to empower women

First Bank of Nigeria Limited has partnered with the International Women’s Society (IWS) to empower over 250 widows, in commemoration of the 2024 International Widows’ Day. The News Agency of Nigeria (NAN) reports that beneficiaries at the Lagos event, tagged “IWS Widows Feast and Empowerment Programme”, received various essential tools, equipment and grants. The items distributed were sewing machines, freezers, coolers, hair dryers, cake mixers, industrial cooking gas, generators, and freezers to help the widows establish and sustain their businesses. Ms Lande Atere, Chief Customer Experience Officer, FirstBank, said that…

Read More

A failed attempt to trigger a run on banks

As market sentiment remains highly volatile and driven by news flow, banks liquidity levels can become vulnerable due to spread of inaccurate information. As Nigerian banks put finishing touches to their recapitalisation plans as directed by the Central Bank of Nigeria (CBN), industry watchers have seen how social media mercenaries and their hirelings are deliberating distorting the truth and pushing campaigns that spread false information which could result in deposit outflows from their targeted banks. Earlier this month when the Central Bank of Nigeria (CBN) revoked the banking licence of…

Read More

Dangote refinery to upgrade fuel storage capacity, generating 1,500 megawatts power

The President of the Dangote Group, Alhaji Aliko Dangote, says it is expanding the storage capacity of his refinery by 600 million litres. This, according to him, will enable the refinery to have a storage capacity of 5.3 billion litres. The Dangote Petrochemical Refinery refinery currently has 4.78 billion litres of storage capacity for refined petroleum products. Dangote spoke at the Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The Bahamas on Wednesday. The billionaire alleged that international oil companies refused to sell crude oil to his…

Read More

Tinubu to celebrate Sallah, holidays in Lagos

The President, Asiwaju Bola Ahmed Tinubu will depart Abuja, the nation’s capital, for Lagos on Friday, where he would celebrate the Eid-el-Kabir festival. In a statement on Friday by his spokesman, Ajuri Ngelale, Tinubu will observe Eid-el-Kabir in Lagos, where he will also spend the Sallah holidays. It added that the President will mark the occasion with prayers and reflection on advancing the transformation of Nigeria in line with his Renewed Hope Agenda. The Sultan of Sokoto, Sa’ad Abubakar, declared Sunday, June 16, as Eid-el-Kabir day after affirming that Friday…

Read More

World Bank approves $2.25bn loan for Nigeria

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has announced that the World Bank has approved two financial support packages valued at $2.25 billion for Nigeria. Edun, in a statement issued by the ministry’s spokesperson, Mohammed Manga, said the loan approval was part of President Bola Tinubu’s ongoing efforts to stabilise the economy, reposition it for sustained and inclusive growth, and provide urgent support to the poor and vulnerable. He listed the approved loans to include $1.5 billion for the Nigeria Reforms for Economic Stabilization to…

Read More

Akwa Ibom Gov., Umo Eno sacks Special Duties’ Commissioner

Akwa Ibom State Governor Umo Eno has relieved the Commissioner for Special Duties, Dr Bassey Okon, of his appointment with immediate effect. This was disclosed in a statement issued by the Secretary to the State Government, Enobong Uwah, on Monday, June 10, 2024. Uwah, who did not give reasons for the commissioner’s sack, directed him to hand over all state government property in his possession to the permanent secretary. NNPCL, NOSL begin oil production in Akwa Ibom He thanked Okon for the period he served Akwa Ibom State and wished…

Read More

Alleged Sexual Harassment: HoS suspends Foreign Affairs’ Perm. Sec.

Mr. Folasade Yemi-Esan, the Head of Service of the Federation has ordered the suspension of the Permanent Secretary of the Ministry of Foreign Affairs, Ambassador Ibrahim Lamuwa, over alleged sexual harassment. The senior civil servant was accused of serial sexual harassment by a married female employee of the ministry, Simisola Ajayi. Ajayi accused in a petition dated May 29, 2024, and addressed to the Minister of Foreign Affairs, Ambassador Yusuf Tuggar. Ajayi, in the petition filed by her lawyer Femi Falana (SAN), said multiple instances of harassment allegedly by Lamuwa…

Read More

2027: ‘I have no deal with el-Rufai’ -Akpabio

Godswill Akpabio, Nigeria’s Senate President has denied any intention to contest the 2027 presidential election alongside the immediate past governor of Kaduna State, Nasir El-Rufai. He made this known in reaction to posters circulating in some parts of Kaduna associating him with a political ambition ahead of the 2027 presidential election. A statement issued by the Senate President’s Special Adviser on Media and Publicity, Eseme Eyiboh, on Wednesday, June 12, 2024, read: “We want to state in very clear and unequivocal terms that Senator Godswill Akpabio does not have any…

Read More

Tinubu names Tanimu Yakubu as DG, Budget Office

The President, Asiwaju Bola Ahmed Tinubu, has approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation. Yakubu’s appointment follows the expiration of the tenure of Mr. Ben Akabueze. The Presidency announced the appointment in a statement issued on Thursday, June 13, 2024. The new DG Budget Office, an accomplished economist, was Chief Economic Adviser to late President Umar Yar’Adua from 2007 to 2010. Yakubu was Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner…

Read More

NDDC offers Heritage Bank’s head office, other assets for sale

The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank. NDIC announced the sale of the bank properties numbering 48 and its chattel including vehicles, office equipment, plant, and machinery in another 62 locations across the country in an advertorial on Thursday. “The Nigeria Deposit Insurance Corporation in the exercise of its right as Liquidator of failed Deposit Money Banks hereby invites interested members of the general public to…

Read More

Video: I only ‘dobale’ for democracy, Tinubu reacts to slip on June 12 anniversary

The President, Asiwaju Bola Ahmed Tinubu has reacted to the trending video of him tripping at Eagle Square in Abuja on Wednesday, saying democracy is worth falling for. Tinubu missed a step while climbing the vehicle for a parade at Eagle Square in Abuja during an event for the 2024 Democracy Day. But he quickly regained his balance and continued with the activities for the day. Speaking about the incident during a day to mark the day, Tinubu joked about the incident and said that he had only “dobale” –…

Read More

Powerful oil mafia attempted to sabotage my refinery -Dangote

The chairman of Dangote Group, Aliko Dangote, has revealed that some local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project located in Lagos. Dangote while speaking at the Afreximbank Annual Meetings, likened the oil cartels to a mafia stronger than the drug mafia, hell-bent on maintaining their grip on the industry. “Well, I knew that there would be a fight. But I didn’t know that the mafia in oil, are stronger than the mafia in drugs. I can tell you…

Read More

Tinubu praises Tolarams Group for faith in Nigeria’s economy

President Bola Ahmed Tinubu has commended the Indonesian business conglomerate, the Tolaram Group, for believing in Nigeria and having absolute faith in her economy. Tolaram, which partnered Nigeria to build the Lekki Free Trade Zone and the country’s first deep sea port, has acquired Diageo’s 58.02 per cent shareholding in Guinness Nigeria Plc. According to an announcement at the Nigerian Exchange on Tuesday, 11 June, 2024, Tolaram will also enter into long-term license and royalty agreements for the continued production of the Guinness products and its locally manufactured Diageo ready-to-drink…

Read More

MIPAD names Onyeali-Ikpe among Global Top 100 Trade Champions of African Descent Worldwide

Nigeria – In acknowledgment of her outstanding impact on global trade, Dr. Nneka Onyeali-Ikpe, the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc, has been recognized as one of the honorees in the 2024 Most Influential Global Top 100 Export and International Trade Edition. Themed, “Championing the Vision of Global Africa as a Unified Economic Block and Single Market,” the initiative which was announced on May 25, 2024 in celebration of Global Africa Day, lists several leaders in the global trade space of African descent, including the…

Read More

How Emefiele disobeyed Buhari over Naira redesign -Ex CBN Director

Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), has been accused of printing naira notes different from the design approved by former President Muhammadu Buhari. Ahmed Umar, a former director of currency operations at the apex bank, testified before a federal capital territory (FCT) high court in Abuja on Tuesday. Umar said the CBN Act requires that recommendations be made from the board of directors to the president for approval on the form of design and device in any currency. The witness told the court that the…

Read More

Edo Gov., Obaseki at loggerheads with Oba of Benin over ban on Okaighele

The Edo State Governor, Godwin Obaseki, is on a collision course with the Benin monarch, Oba Ewuare, II after insisting that the ban on Okaighele (community youth leaders) activities in seven local governments in Edo South Senatorial district is still in force. The Oba of Benin Palace had on June 7, 2024, kicked against the ban by the Edo State Government. While addressing the Okaigheles who protested to Palace, Chief Osaro Idah, the Obazelu of Benin, who spoke on behalf of the monarch, had said Okaighele is not something that…

Read More

FG warns of job loss, dire economic consequences as labour disowns agreement on minimum wage

The Federal Government on Wednesday admonished organised Labour to consider the broader economic implications of its push for an unrealistic higher national minimum wage. The Minister of Information and National Orientation, Mohammed Idris, who handed down the admonition, hinted that the N250,000 minimum wage demanded by labour could undermine the economy, lead to mass retrenchment of workers and jeopardise the welfare of Nigerians. However, the labour unions refuted President Bola Tinubu’s claims during his Democracy Day broadcast on Wednesday that an agreement had been reached on the new national minimum…

Read More

$6bn Mambila Power Fraud: Witness narrates how Agunloye collected N5.2m from contractor

A prosecution witness in the ongoing alleged $6 billion Mambila Power Project fraud, by the Economic and Financial Crimes Commission has narrated how former Minister of Power and Steel, Dr. Olu Agunloye, received multiple transfers totaling N5.2 million from one Mr. Jide Sotirin, an employee of Sunrise Power and Transmission Ltd. An EFCC statement on Thursday via X noted that the revelation came during Agunloye’s trial before Justice Jude Onwuegbuzie of the Federal Capital Territory High Court in Apo, Abuja, where he faces seven-count charges bordering on official corruption and…

Read More

Read Pres. Tinubu’s 2024 Democracy Day speech

The President, Asiwaju Bola Tinubu on Wednesday, delivered the 2024 Democracy Day speech, addressing a variety of issues affecting the country. Read the full text below: My fellow Nigerians, let me begin by congratulating all of us for witnessing the celebration of another Democracy Day today, the 12th day of June 2024. This year also marks our nation’s 25 years of uninterrupted democratic governance. Going through this passage was hard and dangerous. During the fateful six years that followed, we fought and struggled for our natural rights as human beings…

Read More

Alleged Sexual Harrasement: Amb. Lawuma’s victim narrates ordeal

A married employee of the ministry, Simisola Fajemirokun Ajayi, had disclosed the excesses of the permanent secretary in a petition to the Minister, through her lawyer, Femi Falana (SAN). Ajayi urged Tuggar to investigate the permanent secretary. The petition titled, “Request For An Investigation Of Amb. Ibrahim Lamuwa’s Conducts Of Sexual Harassment At The Place Of Work, Abuse Of Office Official Intimidation And Discrimination,” was signed by Adebayo A. Oniyelu LP for Falana & Falana’s. While narrating how the Permanent Secretary has been harassing her, the counsel reminded the minister…

Read More

Foreign Affairs minister Amb. Yusuf Tugar writes HoS over Perm Sec’s alleged sexual harassment of female staff

Ambassador Yusuf Tugar, Minister of Foreign Affairs, has written a letter to the Head of Service of the Federation, Folasade Yemi-Esan, wherein he alleged that his Permanent Secretary, Ibrahim Lamuwa, had sexually harassed a married female staff member of the ministry. In the letter dated May 27, Tuggar said he felt it necessary to write to her following the “gravity of the matter”, urging Yemi-Esan to handle it accordingly. The minister added that he would provide any assistance required for the head of service to discharge her duties. A married…

Read More

Video: And the President slipped

The President Asiwaju Bola Ahmed Tinubu on Wednesday slipped while boarding the parade vehicle at the venue of the 2024 Democracy Day. The President had approached the vehicle shortly after he arrived at the Eagles Square, Abuja venue of the programme. The President stepped on the edge of his agbada and slipped, losing his footing momentarily as he was about to step into the vehicle. Tinubu quickly regained his balance and continued with the proceedings. The event at Eagles Square was part of a series of events to mark the…

Read More

GTCO NOTICE OF PROPOSED OFFERING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL LAGOS, Nigeria, June 11, 2024. This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange Commission, Nigeria. This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer, solicitation or offer to buy, or any sale of securities will be made only by a prospectus…

Read More