Daily Record

NDLEA destroys 255 hectares of hemp farms in Ondo

The National Drug Law Enforcement Agency (NDLEA) has destroyed 255 hectares of hemp farms in five councils of Ondo State, spokesman Femi Babafemi said in a statement yesterday. He said 13 suspects were arrested while large quantities of the weed were recovered during the operation that lasted seven days in …

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Buhari to sign Electoral Act bill Friday

 President Muhammadu Buhari will sign the long-awaited Electoral Act Amendment Bill 2021 tomorrow Our correspondent learnt that he will perform the act at noon. It will end speculations that the President may withhold assent again. The National Assembly transmitted the bill to him for the second time on January 31 …

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Lawmakers to vote on VAT, power devolution, others

Another attempt to review the 1999 Constitution will be revved up at the National Assembly when lawmakers vote on 67 bills from Tuesday. The joint constitution review committee has proposed 67 bills – each on all the items being proposed for amendment. The “Report of the Senate Committee on the Review …

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Union Bank to divest from UK subsidiary

Union Bank of Nigeria, one of the oldest banks in the country with an international banking authorisation, has said it will be seeking shareholders’ approval to spin off its United Kingdom (UK) subsidiary to shareholders. The bank will meet shareholders in March, 2022, at an Extraordinary General Meeting (EGM) in …

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