Olubadan of Ibadanland, Oba Lekan BalogunThe Olubadan of Ibadanland, Oba Olalekan Balogun, has passed away on Thursday evening few days after clocking two years on the throne. Dele Ogunsola, media aide to the 82-year-old Olubadan Balogun confirmed his passage to journalists. According to him, Oba Balogun died at the University …
Read More »I’m Still PDP Member; I Didn’t Support Atiku In 2023 To Protect Party’s Constitution — Nyesom Wike
The former Rivers State Governor had had issues with the PDP hierarchy in the run-up to the 2023 presidential election. The Minister of the Federal Capital Territory (FCT) Nyesom Wike has restated that he is still a card carrying member of the Peoples Democratic Party (PDP). Wike, who stated his …
Read More »How Nigerian National Assembly Allocated N6.6Trillion For ‘Unknown Projects’ Of 20 Ministries In 2024 Budget Amid Padding Allegations
The select ministries are Youths, Sports, Defence, Foreign Affairs, Special Duties, Budget and Economic Planning, Tourism, Justice and Petroleum Resources. The last may just not have been heard about the alleged padding of the 2024 budget by the 10th National Assembly in Nigeria (NASS). In the wake of the …
Read More »N15Billion Fraud: Alleged Ponzi Scheme Operator, Ajetunmobi Opts for Out-of-Court Settlement
At the resumed trial of the defendant on Wednesday, his lawyer, Dr. B. U. Ukpenna, informed the court that he had written a letter to the office of the Attorney-General of the Federation (AGF) to resolve the matter out of court. APonzi scheme operator, Bamise Samson Ajetunmobi has declared his …
Read More »Budget Padding: Labour Party Senator Tony Nwoye Says He Was Allocated N250Million, Didn’t Get N500Million
Senator Jarigbe made the revelation on the floor of the Senate on Tuesday amid controversy following allegations made by Senator Abdul Ningi, representing Bauchi Central Senatorial District, that the budget was fraudulently jacked up by N3.7 trillion. The senator representing Anambra North Senatorial District on the platform of the Labour …
Read More »Nigerian POS Operator Returns Almost N10Million Mistakenly Transferred To His Account, Gets Celebrated By Kano Police
It was learnt that he realised that one of his customers wrongly transferred the money into his account. ANigerian Point of Sale (POS) operator has been publicly celebrated for his demonstration of honesty after he reported the sum of ten million naira (N10 million) mistakenly transferred into his account instead …
Read More »Tinubu Appoints First Female NACA DG
Dr. Temitope Ilori President Bola Tinubu has appointed Dr. Temitope Ilori as the new Director General of the National Agency for the Control of AIDS (NACA). This was confirmed in a statement signed by the agency’s Head of Public Relations and Protocol, Toyin Aderibigbe on Thursday. Ilori, whose appointment makes …
Read More »Don’t Use Your Aircraft For Commercial Operations, FG Warns Private Jet Owners
File Photo: Anap Jet Embraer ERJ-145MP The Nigerian Civil Aviation Authority (NCAA) has warned private jet owners against the unauthorized use of their aircraft for commercial purposes. The Authority stated that violators of the warning will face severe penalties. This directive is contained in a statement by the Director of …
Read More »Actualising Retirement Dreams: A Closer Look At Benefits Payments In The CPS
Aisha Dahir-Umar DG Pencom/ Internet Accessing retirement and terminal benefits within the Contributory Pension Scheme (CPS) is seamlessly regulated by the National Pension Commission (PenCom). In line with the provisions of the Pension Reform Act 2014 (PRA 2014), PenCom has established procedures and requirements for Retirement Savings Account (RSA) holders …
Read More »Naira Depreciation: CBN Moves Against Banks Using FX Revaluation Gains To Pay Dividend To Shareholders
The Central Bank of Nigeria (CBN) has moved against commercial banks using foreign currency revaluation gains to either pay dividends or meet operating expenses. The CBN made the disclosure in a circular, BSD/DIR/PUB/LAB/017/003, addressing all banks in the country. The CBN had last year campaigned against the use of gain …
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