Author: News Editor
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has identified the huge purchases of food items by the government as palliatives for distribution to vulnerable citizens as a contributor to the galloping food inflation in the country. He disclosed this in his contributions during the March Monetary Policy Committee meeting, which was published on the CBN website on Monday. At the meeting, the MPC raised the benchmark interest rate to 24.75 percent from 22.75 percent, which it said was aimed at tackling inflation. But according to to the Consumer Price Index report released by the Nigerian Bureau of…
Popular celebrity bartender and businessman, Pascal Okechukwu, also known as Cubana Chief Priest, is exploring an out-of-court settlement with the Economic and Financial Crimes Commission (EFCC) with respect to the charge of Naira abuse levelled against him by the anti-graft agency at the Federal High Court sitting in Lagos. His lawyer, Senior Advocate of Nigeria, Chikaosolu Ojukwu, disclosed this to trial judge, Justice Kehinde Ogundare at the proceedings on Thursday. The defence counsel also told the court that parties have applied that the matter be settled pursuant to the provisions of section 14(2) of the EFCC Act. Chikaosolu said that…
Akwa Ibom State Governor, Pastor Umo Eno, marked the 2024 Workers’ Day Celebration with several important announcements aimed at enhancing the welfare of workers in the State. Key highlights of his declarations include: -Designating the 1st and 3rd Fridays of every month as farm days for workers in the State, in line with his Back-to-Farm Initiative. – Allocating an additional N2 billion Naira for the payment of gratuities. – Presenting brand new vehicles to the NLC and TUC Chairmen. – Unveiling plans for the recruitment of medical personnel into the State Civil Service, addressing the demand for quality healthcare services.
as Goodluck Jonathan inaugurates Road, Flood Control projects The Governor of Akwa Ibom State, Pastor Umo Eno rhas insisted that since the funds at his disposal belong to the people, he will continue to allow sound opinions and suggestions to guide his policy framework and formulations. Speaking at the inauguration of flood control and road projects at Atiku Abubakar Way in Uyo, the Governor said he was ready to continue depending on constructive engagements with the people to administer Governance to the people. The projects included the construction of a 1.3KM, 8 meters deep 2X2X0.3M Underground Flood Control Tunnel along…
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede has disclosed that he made personal efforts to invite a former governor of Kogi State, Yahaya Bello to respond to investigations regarding his alleged involvement in money laundering to the tune of N80,246,470,089.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eighty Nine Naira, Eighty Eight Kobo). Olukoyede stated this in Abuja on Tuesday, April 23, 2024 while addressing media executives at the Corporate Headquarters of the EFCC. According to him, he had a telephone conversation with Bello offering him…
The Federal Airports Authority of Nigeria (FAAN) said it has re-opened the runway 18L/36R at the Murtala Mohammed Airport in Lagos for flight operations. The runway was temporarily closed after a Dana Air plane skidded off it on Tuesday. FAAN’s Director of Public Affairs and Consumer Protection announced this in a statement. According to her, prompt actions were taken by FAAN’s emergency response team to evacuate and recover the aircraft from the site. Subsequently, comprehensive clearing operations were conducted to ensure the runway was free of any Foreign Object Debris (FOD) that could impede flight safety. She added that the…
Newsday Newspaper publisher, Chief Edet Isong, has joined well-wishers worldwide to identify with the Governor of Akwa Ibom State, Pastor Umo Bassey Eno, as he celebrates his 60th birthday anniversary. In his birthday message, Chief Isong expressed gratitude to Governor Eno for his administration’s commitment to the welfare of public servants in the state. The Okete-Okete Oro highlighted the governor’s efforts in paying over N15 billion in pension and gratuities to retired primary school teachers and other civil servants. Chief Isong who is a Mokafa of Efut also commended the governor for reawarding the Nsit Atai-Okobo dualization road project, which…
This follows the absence of Bello in court for his arraignment on Tuesday. He was absent from court for his arraignment on a 19-count charge of alleged money laundering to the tune of ₦84bn. The judge relied on section 384 (4 and 5) of the Administrative and Criminal Justice Act 2015, directing the counsel to the immediate past governor, to receive a copy of the charge. The court held that where it had become impossible to effect personal service of a legal process on a defendant, such could be done through substituted means. Justice Nwite further held that it was…
Controversial cross-dresser and socialite, Idris Olanrewaju Okuneye, popularly known as Bobrisky, has filed a notice of appeal challenging his conviction on a four-count charge of Naira abuse. In his Notice of Appeal filed by his lawyer, Bimbo Kusanu, Bobrisky is asking the court to set aside the six months imprisonment sentence imposed on him and replacing same with the option of a fine of N50,000 (Fifty Thousand Naira) on each of the counts against him. On April 12, 2024, Justice Abimbola Awogboro of the Federal High Court, Lagos had sentenced Bobrisky, to six months imprisonment without an option of fine…
The Rivers State House of Assembly has once again vetoed Governor Fubara and enacted an amendment to the Rivers State Local Government Law. The latest veto is coming on the heels of five previous vetoes during which the Assembly has overridden the governor to enact laws. The Assembly members gathered in the Hallowed Chamber by 8:30 am on Monday – a departure from their usual official 10 am timing – with two items on the order paper for the day. The Speaker, Martin Amaewhule, informed the House that the governor had refused to sign an amendment to the Local Government…