Former Vice President Atiku Abubakar on Thursday asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited (NNPCL)’s $3.3 billion emergency crude repayment loan. Last August, the NNPCL secured a $3.3 billion emergency crude repayment loan from the African Export-Import Bank to stabilize the foreign exchange market. A few weeks ago, the Federal Government received $2.25 billion out of the $3.3 billion FX facility from the African Export-Import Bank. But reacting to the deal in a statement, the 2023 presidential candidate of the Peoples Democratic Party (PDP), wondered why the only information available to the public on…
Author: Alexander
The Federal Capital Territory (FCT) High Court, Abuja on Thursday vacated its earlier order of the court directing the Inspector-General of Police, Kayode Egbetokun, to arrest the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede for disobeying a ruling of the court which asked operatives of the commission to vacate a property at Number 6, Aso Drive, Abuja. Justice Abubakar Hussaini Musa upheld the submission of the EFCC Counsel, Senior Advocate of Nigeria, Rotimi Oyedepo, that Olukoyede “is an officer of the law and respecter of the rule of law, with fervent commitment towards moving the EFCC…
The Lagos State governor, Babajide Sanwo-Olu, on Thursday disclosed a plan by the state to establish a commercial airline. The announcement was on Thursday made during the comprehensive presentation of the administration’s achievements in the West of Lagos at the Lagos West Senatorial District People’s Town Hall Meeting. The state government is also preparing to kickstart the construction of a new airport in Lekki. According to Sanwo-Olu, the idea to have a state-owned airport has been in deliberation for several months. He said the state is in the final stages of determining the financing model for the project. Asked why…
The Office of the President of the Senate, Godswill Akpabio, has issued a warning to the public regarding a fraudulent online loan application circulating on social media platforms. The fake offer, titled “N200,000 Palliative Loan By the Senate,” features a misleading image of Senator Akpabio alongside the coat of arms and the logo of the Central Bank of Nigeria (CBN). This deceptive scheme, posted on Facebook under the account name Templeshort, falsely claims to provide instant loan approval. Members of the public are asked to pay no attention to the advertisement as it did not originate from the Office of…
The Supreme Court has upheld the five years sentence of former House of Representatives member, Farouk Lawan, for receiving a bribe of $500,000 from businessman Femi Otedola. His appeal sought to set aside the February 24, 2022 judgment of the Court of Appeal in Abuja, which sentenced him to a five-year jail term and discharged him on two out of the three counts on the corruption charge brought against him by the Federal Government. In the lead judgment prepared by Justice John Okoro but read by Justice Tijjani Abubakar, the apex court held that Lawan’s appeal was without merit and…
The Federal Government says that the ban of some plastic materials is inevitable, even as it urged Nigerians to be prepared for “wholistic circular management of our waste”. The Minister of State for Environment, Iziaq Salako, made this known in a statement on Tuesday. He said the decision of the Lagos State Government to ban Styrofoam and other single use plastics is “a strong signal to businesses and the general public that the menace of single use plastics needs to be comprehensively addressed, if Nigeria is to deliver on her environmental agenda of sustainability. The Lagos State Government is…
No fewer than 30 persons, mostly children and women, were killed by assailants in Kwahaslalek village, a community in the Mangu Local Government Area of Plateau State. Mwaghavul Development Association President, Joseph Gwankat, said the attack occurred on Tuesday night while residents assembled at a compound in the village to observe the curfew imposed on the local government by the government. Houses and property were also destroyed in the attack. Two other communities of Kinat and Mairana on the borders of Mangu and Barkin Ladi local government areas were also attacked same night. Sources indicated that aside from the attacks…
A governorship aspirant in Edo State, Osagie Ize-Iyamu, on Wednesday dismissed rumours of a rift with the former National Chairman of the All Progressives Congress (APC), Adams Oshiomhole. Ize-Iyamu, a guest on Channels Television’s Politics Today, said he was on good terms with Oshiomhole, describing their relationship as cordial. “I will tell you categorically that we are on good terms. There is no quarrel between myself and Comrade Adams Oshiomhole. “We have worked closely throughout the party formation to begin to quarrel unnecessarily. The fact that we disagree does not mean that there is a problem. He has a strong…
Ondo State Governor, Lucky Aiyedatiwa, has announced the selection of Olayide Owolabi Adelami for the position of Deputy Governor. Adelami, who hails from Owo, the hometown of the late Governor Rotimi Akeredolu, is a former Deputy Clerk of the National Assembly. The name of the deputy governor nominee has been transmitted to the Ondo State House of Assembly for approval. Earlier Wednesday, the governor sacked all commissioners, senior special assistants (SSAs) and special assistants (SAs) appointed by Akeredolu and directed them to immediately hand over to the Permanent Secretaries or the most senior administrative officers in their respective offices. Aiyedatiwa,…
The Economic and Financial Crimes Commission, EFCC on Wednesday, January 24, 2024 arraigned a former governor of Anambra State, Willie Obiano before Justice Inyang Edem Ekwo of the Federal High Court sitting in Abuja. He was arraigned on nine- count charges bordering on money laundering, diversion of funds, stealing and corruption to the tune of N4billion. Count one of the charge reads: “That you, Chief Willie Maduabuchi Obiano, whilst being the Executive Governor of Anambra State of Nigeria between March 2014 – March 2022, sometime between the 16th February, 2018 and 9th March, 2018 in Abuja, within the jurisdiction of…