The Nigerian Defence Headquarters on Thursday morning declared eight people wanted over the gruesome killing of 17 military personnel in Delta State on March 14, 2024. This was announced in a circular issued by the Defence Headquarters via its verified social media platforms which identified the suspects as follows: 1. …
Read More »Court discharges, acquits Mohammed Adoke in OPL 245 trial
Justice Abubakar Kutigi of the FCT high court has dismissed the charges of fraud, bribery and conspiracy filed against Mohammed Bello Adoke, former attorney-general of the federation, by Economic and Financial Crimes Commission (EFCC). Ruling on the “no case” submission made by Adoke, Kutigi said the EFCC failed to prove …
Read More »FG declares March 29, April 1, public holidays
Olubunmi Tunji Ojo, Interior Minister_ The federal government has declared Friday, March 29 and Monday, 1st April, as public holidays to mark the celebrations of 2024 Good Friday and Easter Monday respectively. The minister of interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government. The minister made the …
Read More »Binance: It’s negligence – Ex-DSS director reveals why Anjarwalla escaped, questions NSA
Former Director of the Department of State Services, DSS, Mike Ejiofor, has blamed the escape of Binance executive, Nadeem Anjarwalla, from custody on negligence and compromise. Recall that the Federal Government has been investigating money laundering and terrorism financing transactions allegedly done on the Binance currency exchange platform. To this …
Read More »Budget Padding Scandal: Suspended Ningi Demands Reinstatement, Threatens To Seek Legal Action
The Senate on March 12 suspended Senator Ningi for three months over allegations of budget padding. The suspended senator representing Bauchi Central in the Nigerian Senate, Ahmed Ningi, has written to Senate President Godswill Akpabio, demanding that his suspension should be lifted. SaharaReporters had reported how Ningi, a Peoples Democratic …
Read More »Nigerian High Court Stops Omehia From Refunding N696Million Received As Pension, Other Benefits As ‘Former Rivers Governor’
Justice Kio emphasised that Omehia never sought recognition from the state government or the House of Assembly and thus cannot legitimately demand the funds paid to him erroneously. Justice Daketima Kio of the Rivers State High Court has declared that Mr Celestine Omehia cannot be held accountable for the payment …
Read More »CBN Gov Distances Self From Emefiele’s N100bn Fertilizer Handed Over To Agric Ministry
L-R Former CBN Governor, Godwin Emefiele, Minister, FMAFS Abubakar Kyari The Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has distanced his administration from the N100bn worth of fertilizer reportedly released to the Federal Ministry of Agriculture and Food Security (FMAFS) on Tuesday. Cardoso, during the 294th meeting of CBN’s …
Read More »FAAN MD, Kuku, Reveals Why Contractor Abandoned Lagos Airport Runway
Managing Director of the Federal Aviation Authority of Nigeria, Olubunmi Oluwaseun Kuku, The Managing Director of the Federal Aviation Authority of Nigeria, Olubunmi Oluwaseun Kuku, has revealed how contractors awarded runway 18-Right at the Murtala Muhammed Airport, Lagos abandoned the project leading to closure for 11 months. The MD who …
Read More »Higher Interest Rate Looms As CBN Raises MPR Further To 24.75%
Dr. Olayemi Cardoso The Central Bank of Nigeria has further raised the Monetary Policy Rate to 24.75 per cent, a decision influenced by the rising inflation in Africa’s biggest economy. The apex bank took the hawkish stance on Tuesday at the 294th Meeting of the Monetary Policy Committee in Abuja. …
Read More »CBN approves sales of $10,000 to BDC at N1,251/$1
CBN Governor Olayemi Cardoso, The Central Bank of Nigeria (CBN) has approved the sale of $10,000 to each Bureau De Change (BDC) at the rate of N1,251/$1. This is contained in a circular to the BDCs by the CBN. According to the circular, the CBN approved a second tranche of …
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