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S/African court issues arrest warrant for ex-president Zuma

S/African court issues arrest warrant for ex-president Zuma

A South African court issued an arrest warrant for former President Jacob Zuma on Tuesday, after he skipped court on grounds of needing medical treatment, but the judge stayed the warrant until his corruption trial resumes on May 6. Zuma’s lawyer presented the judge with a sick note from what he said was a military hospital, but the judge questioned ... Read More »

Customs arrest driver with $8.6m cash  at Lagos Airport

Customs arrest driver with $8.6m cash at Lagos Airport

The Murtala Muhammed International Airport Command of Nigeria Customs Service has intercepted over $6.8 million from a passenger at the Lagos Airport.A source close to the Customs said an airport worker linked with the movement of the money has been arrested. A driver working with Nigerian Aviation Handling Company, NAHCO, at the Murtala Muhammed International Airport was immediately arrested by ... Read More »

Maritime security: FG set to deploy integrated architecture – Amaechi

Maritime security: FG set to deploy integrated architecture – Amaechi

…Explains Why Secure Anchorage Was Stopped …Dakuku Says 80% of Deep Blue Assets Ready by June L-R: Director General, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside; Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi; Director, Maritime Safety, Federal Ministry of Transport, FMOT, Mr Paul Adalikwu; and the Managing Director of Nigerian Ports Authority (NPA), Ms. Hadiza Bala ... Read More »

Ignore PDP’s ultimatum on Okada restrictions – Lagos APC

Ignore PDP’s ultimatum on Okada restrictions – Lagos APC

Lagos state APC has urged Lagosians to discounternance the ultimatum given by the opposition PDP to the Lagos state Governor, Babajide Sanwo-olu over the recent restrictions placed on motorcycle and tricycle in the state. The ultimatum is nothing but a comic interlude according to the party spokesman, Honorable Seye Oladejo. Here’s the full statement by the party: Our attention has ... Read More »

Three feared killed as Okada riders, police clash in Lagos

Three feared killed as Okada riders, police clash in Lagos

At least three persons have been feared killed after a fight broke out between commercial motorcyclists and policemen at Ijora in Apapa, Lagos. The fight, which started around 9:30am, was said to have led to destruction of vehicles and other properties in the area. Policemen had gone to the port community to enforce the state government’s ban on commercial cycles ... Read More »

Fighting poverty: What Nigeria can learn from China, India- Okonjo Iweala

Fighting poverty: What Nigeria can learn from China, India- Okonjo Iweala

Dr. Ngozi Okonjo-Iweala, two-time Nigeria’s finance minister who attended the recently concluded 50th World Economic Forum, which held in Davos, Switzerland, spoke on how Nigeria could get out of poverty, taking its cue from how China and India fought (and are still fighting) the scourge. She recommended: “China is phenomenal in eradicating poverty. India has now done so well, so ... Read More »

Report:Banks took N950 billion loan from CBN in three months

Report:Banks took N950 billion loan from CBN in three months

  Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months, the apex bank’s quarterly economic report has shown. The report released at the weekend showed that the loans came through CBN’s Standing Facilities meant for the lenders to square up their liquidity positions and meet customers’ needs. The funds ... Read More »

Senate: With 85% VAT Revenue, States Have No Excuse Not to Pay Minimum Wage

Senate: With 85% VAT Revenue, States Have No Excuse Not to Pay Minimum Wage

Determined to make the 30,000 Minimum Wage a reality, the federal government has already conceded between 80 and 85 per cent of revenues accruable from Value Added Tax (VAT) to states to enable them meet their wage obligation. This was contained in the Finance Bill, recently signed into law by President Muhammadu Buhari, leaving the remaining 15 per cent to ... Read More »

“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch

“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch

The Bank’s African Economic Outlook provides headline numbers on Africa’s economic performance and outlook   African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s ... Read More »

Oyo people expecting us to massively develop the LGs, Makinde tells chairmen

Oyo people expecting us to massively develop the LGs, Makinde tells chairmen

Governor Seyi Makinde OF Oyo State has told the 33 Caretaker Chairmen of local governments and 35 chairmen of Local Council Development Areas (LCDAs) that the people of the state expect massive development of the councils under his watch. The Governor, who spoke at the Executive Council chambers of his office, told the chairmen that residents of the state expect ... Read More »

Varsities face new strike as govt pays only  lecturers on IPPIS

Varsities face new strike as govt pays only lecturers on IPPIS

ONLY varsity teachers captured on the Integrated Personnel Payroll Information System (IPPIS) will get alert for their January salary, the Federal Government said on Thursday. The IPPIS has been a subject of controversy between teachers’ umbrella body – Academic Staff Union of Universities (ASUU) – and the Federal Government. The payment of tertiary institutions’ lecturers will begin today, it was ... Read More »

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks

The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa ABIDJAN, Ivory Coast, January 30, 2020/ — For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure ... Read More »

Senate probes NNPC over $25 billion Turn Around Maintenance expenditure

Senate probes NNPC over $25 billion Turn Around Maintenance expenditure

The Senate on Thursday directed its Committee on Petroleum Resources (Downstream) to investigate the expenditure of over $25 billion on the turn around maintenance of the nation’s four refineries in the last 25 years. The move by the Senate followed a motion sponsored by Senator Yusuf Yusuf representing Taraba Central Senatorial District. Yusuf in his lead debate noted that the ... Read More »

EFCC Arraigns Baker in Sokoto for Allegedly Defrauding FG of N8.5m Cassava Bread Fund

EFCC Arraigns Baker in Sokoto for Allegedly Defrauding FG of N8.5m Cassava Bread Fund

By: Adebola Owolola The Economic and Financial Crimes Commission, EFCC, Kaduna Zonal Office, on Tuesday, January 28, 2020, arraigned a Sokoto-based baker, Abdurazak Adamu, before Justice Mohammed Mohammed of the State High Court 7, Sokoto State. The defendant was docked on a one-count charge of criminal breach of trust to the tune of N8.548, 140.80 (Eight Million, Five Hundred and ... Read More »

EFCC Arraigns Ex-Kwara Finance Commissioner for Money Laundering

EFCC Arraigns Ex-Kwara Finance Commissioner for Money Laundering

By:Adebola Owolola The Ilorin Zonal Office of the Economic and Financial Crimes Commission, EFCC on January 29, 2020 arraigned the immediate past Commissioner for Finance in Kwara State, Ademola Banu before Justice Babangana Ashigar of Federal High Court, Ilorin on charges bordering on money laundering. Banu was arraigned alongside Travel Messenger Company Limited and one Olarewaju Adeniyi on a nine-count charge. The EFCC alleged ... Read More »

Why I’m probing Adams Oshiomhole- Obaseki

Why I’m probing Adams Oshiomhole- Obaseki

Governor Godwin Obaseki of Edo State has explained why he ordered probe of the new five star Bénin Specialist hospital. The five star Bénin Specialist hospital was built during the administration of Governor Adams Oshiomhole and commissioned by President Mohammadu Buhari in November, 2016. It took several protests before the hospital was opened last year but operated through a consultancy ... Read More »

Alleged $1.2b Malabu Oil deal : Adoke gets N50M bail

Alleged $1.2b Malabu Oil deal : Adoke gets N50M bail

A High Court of the Federal Capital Territory (FCT) in Gwagwalada in Abuja has granted a N50million bail to a former Attorney General of the Federation and Minister of Justice, Mohammed Adoke (SAN). In a ruling on Thursday, Justice Abubakar Kutigi upheld Adoke’s bail requested, and. also ordered him to produce a surety in like sum. Justice Kutigi also admitted ... Read More »

Reps Speaker swears in House Leader,calls for reforms

Reps Speaker swears in House Leader,calls for reforms

Speaker of the House of Representatives Femi Gbajabiamila on Wednesday sworn in Hassan Ado Doguwa and five other newly members of the House who won their rerun election during last Saturday by the Independent National Electoral Commission (INEC).In his address,the Speaker called for general reforms in the polity.The full text below: ADDRESS BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES, ... Read More »

Buhari Marginalising South-west in Appointments, Gani Adams Alleges

Buhari Marginalising South-west in Appointments, Gani Adams Alleges

The Aare Ona Kakanfo of Yorubaland, Chief Gani Adams, yesterday alleged that the South-west was being marginalised by the President Muhammadu Buhari, in terms of appointments into public offices. Speaking yesterday in Ado Ekiti, Ekiti State during the 6th World Congress of the Oodua Progressives Union, Adams said: “Buhari’s government is tainted with nepotism. You have a situation whereby only ... Read More »

EFCC goes after ‘Baba Ijebu’ over alleged multi-billion naira tax fraud

EFCC goes after ‘Baba Ijebu’ over alleged multi-billion naira tax fraud

Kessington Adebutu, Nigeria’s gambling mogul whose business empire has enjoyed decades of patronage as a household name across the country, has become a new target of a vast corruption investigation by the Economic and Financial Crimes Commission. The multiple allegations of tax fraud and economic sabotage levelled against Mr Adebutu marked a remarkable tumble for one of the Nigerian bookies most ... Read More »