A Federal High Court sitting in Abuja has ordered the temporary freezing of four Jaiz Bank accounts linked to the immediate-past Group Managing Director, GMD, of Nigerian National Petroleum Company Limited, NNPCL, Mr Mele Kyari, over alleged fraud. The trial Judge, Justice Emeka Nwite made the order, yesterday after counsel to the Economic and Financial Crimes Commission, EFCC, moved an ex-parte motion to the effect. EFCC had told the court that investigations were ongoing on the matter and that the commission would need sometime to conclude its findings. The judge, in his ruling held that, the application was meritorious and…
Author: Reporter
The Naira yesterday depreciated to N1,555 per dollar in the parallel market from N1,550 per dollar on Monday. But the Naira appreciated to N1,534.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell slightly to N1,534.5 per dollar from N1,534.8 per dollar on Monday, indicating 30 kobo appreciation for the naira. Consequently, the margin between the parallel market and NFEM rate widened to N20.5 per dollar from N15.2 per dollar on Monday.
The Ogun State chapter of the All Progressives Congress, on Tuesday suspended a former governor of the state and senator representing Ogun East, Gbenga Daniel. Also suspended is one of his loyalists, Kunle Folarin. The duo were suspended for alleged anti-party misconduct. The Director of Publicity of the state chapter of the ruling party, Nuberu Olufemi, disclosed this in a statement issued to journalists on Tuesday. According to the statement, the decision to suspend Daniel and Folarin, both members of the APC from Ward 4 and Ward 6 in Sagamu Local Government Area, respectively, was taken at the State Working…
Spokesperson for Ooni of Ife, Oba Enitan Ogunwusi, has said the monarch will not react to the 48-hour threat by the Alaafin of Oyo, Oba Abimbola Owoade, to reverse the title conferred on a popular Ibadan-based business mogul, Dotun Sanusi. Olafare, in a Facebook post on Tuesday, disclosed that Oba Ogunwusi had particularly directed him to ignore the revered Oyo monarch. According to him, the Ooni will not dignify what he described as “undignifyable” with an official response, stressing that he had left the matter to be handled in the public court of opinion. He wrote, “My principal has directed…
The Labour Party (LP) has expressed deep concern over the conduct of Saturday’s by-elections held across 16 states, describing the exercise as a significant setback to Nigeria’s democratic journey. In a statement issued by Ken Asogwa, Senior Special Adviser (Media) to the Acting National Chairman, Senator Nenadi Usman, the party alleged irregularities including vote-buying, electoral violence, and lack of transparency in the process.According to the LP, the by-elections — conducted by the Independent National Electoral Commission (INEC) — fell short of acceptable democratic standards. “What transpired across Nigeria in the name of by-elections amounted to a mockery of democracy. From…
ABUJA Director-General of the World Trade Organisation, WTO, Dr. Ngozi Okonjo-Iweala, on Thursday met behind closed doors with President Bola Tinubu at the Presidential Villa. She commended the administration of President Tinubu for the reforms that are restoring stability to Nigeria’s economy. Okonjo-Iweala, who described the meeting as “very good,” said the President was “gracious” to receive her shortly after she joined First Lady, Senator Oluremi Tinubu, to launch a Women Exporters Fund earlier in the day. The fund, jointly managed by the WTO and the International Trade Centre, ITC, in Geneva, is aimed at helping Nigerian women entrepreneurs grow…
Nigerian football fans have intensified calls for the immediate dismissal of Super Eagles coach Eric Chelle following the team’s humiliating 4-0 defeat to Sudan that ended their African Nations Championship campaign with a game to spare. The comprehensive loss in Zanzibar on Tuesday night has sparked widespread outrage on social media, with supporters questioning Chelle’s tactical approach and team selection decisions that saw Nigeria crash out of the tournament without scoring a single goal in two matches. “Very disgraceful CHAN campaign. NFF, please don’t wait till this man costs us World Cup 2026 ticket before you sack him. If we…
NIGER Niger state Governor Alhaji Mohammed Umaru Bago has confirmed the arrest of a terrorist Kingpin Abubakar Abba. Abubakar Abba until his arrest was the leader of the dreaded Mahmuda terrorist organisation which operated in the Borgu local government area of the state and part of Kwara state. Governor Bago said the terrorist leader was arrested by operatives of the Department of State Security DSS in Wawa town. A statement by Bologi Ibrahim, Chief Press Secretary to Governor Bago, on his facebook page said the terrorist was apprehended without a shot being fired. “Yes, it is true. I can confirm…
Ahead of the commencement of Dangote Petroleum Refinery’s direct fuel distribution scheme billed to start tomorrow, marketers and tanker drivers said they had met with the company amid fears that they might be sent out of business. the refinery would start its direct fuel distribution on Friday, August 15, having received some of the 4,000 Compressed Natural Gas-powered trucks needed for the plan. Dangote’s announcement of the direct fuel distribution programme had sent shivers down the spines of tanker drivers and members of the Natural Oil and Gas Suppliers Association of Nigeria over fear that they might lose their livelihoods.…
Minister of Information and National Orientation, Alhaji Mohammed Idris, has said President Bola Tinubu’s renewed Hope Agenda has made cancer treatment possible in the country. Idris stated this when he and his team paid a courtesy visit to the Governor of Enugu State, Mr Peter Mbah, on Thursday in Enugu. He said that all the information structure of the Federal Government was brought to Enugu to see and report on the positive efforts of Tinubu and Mbah. According to him, Tinubu has done so well that one will wonder if he is in his second term. Idris also said that…