EFCC releases Fani-Kayode after six hours interrogation
Former Minister of Aviation, Chief Femi Fani-Kayode, has left the custody of the Economic and Financial Crimes Commission (EFCC) after spending over six hours with the ioperatives. The former minister left EFCC office in Lagos at 8:30p.m. after he was granted bail on self-recognisance. There were reports that Fani-Kayode was quizzed by EFCC operatives in connection with forgery. “Just arrived at the...
How FIRS officials siphoned N2bn through Duty Allowances – EFCC
The trial of Head of Stakeholders Unit of the Federal Inland Revenue Service (FIRS), Emmanuella Eteta Ita, and Surestart School Limited continued on Monday, November 22, before Justice F. Giwa Ogunbanjo of the Federal High Court, Abuja. The Economic and Financial Crimes Commission (EFCC) has presented two more witnesses. The fourth prosecuting witness, Ijeoma Matilda, an operative of the EFCC, while...
Emefiele: I’m happy Otedola, Odukale are scrambling for First Bank shares
Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has expressed satisfaction that billionaire investors are scrambling for the shares of the First Bank of Nigeria. Emefiele recalled that six years ago when the apex bank made intervention in First Bank, its share price was N2. Not only that, he said investors were running away from the bank. The CBN Governor...
Buhari suspends inauguration of NNPC board
The inauguration of the newly constituted Board of the Nigerian National Petroleum Company Limited (NNPC) earlier scheduled for Wednesday 24th November, 2021 has been postponed until further notice. President Muhammadu Buhari, who doubles as the Minister of Petroleum Resources, gave the directive for the suspension on Tuesday. No reason was given for the cancellation of the inauguration of the board. In a...
Kano children: We want abolition of child marriage, street begging
Children in Kano State, on Tuesday, voiced their grievances against some cultural practices that affect them. Specifically, they called for abolition of child street begging and early marriage. They made the called through Miss Saudat Wakil, who led a team of children to United Nations Children’s Fund (UNICEF), Kano Field Office on Tuesday. Wakil and other 21 children assumed the leadership of...
Tambuwal: Nigeria can’t survive another four years of APC
Chairman, Peoples Democratic Party (PDP) Governors’ Forum, Rt. Hon. Aminu Tambuwal, has described the ruling All Progressives Congress (APC) as a rickety vehicle that cannot take Nigeria to any destination. Speaking at the PDP retreat in Abuja on Tuesday, the Governor of Sokoto State accused the APC of destroying the nation’s economy. Tambuwal said Nigeria cannot survive another four years under...
Tottenham report pre-tax loss of $107m
Tottenham Hotspur FC have announced pre-tax losses of 80.2 million pounds ($107 million) for the financial year ending June 2021. The total debts also increased from 605 million pounds to 706 million pounds. The club said the last two financial years had been “significantly affected by the COVID-19 pandemic” and have resulted in pre-tax losses of nearly 150 million pounds for...
Senate: Prisoners’ daily meal allowance shouldn’t be higher than NYSC members’
The Senate Committee on Sports has called for increase in daily feeding allowance paid to National Youth Service Corps (NYSC) members. This, it said, was in consideration of the contribution of corps members to national development. Chairman of the Committee, Sen. Obinna Ogba (PDP-Ebonyi) made the call in Abuja on Tuesday, while submitting the committee’s 2022 budget defence report of Ministry...
To sustain economic growth, CBN retains MPR at 11.5%, other parameters
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per cent for the umpteenth time. Reading a communiqué after the committee’s 282nd meeting on Tuesday, the CBN Governor, Mr. Godwin Emefiele, said the MPC also unanimously agreed to hold all other monetary policy parameters constant. The Asymmetric...
NNPC GMD: Fuel to sell for N340 per litre in 2022
Group Managing Director of the Nigerian National Petroleum Company (NNPC), Malam Mele Kyari, has dropped the hint that a litre of fuel may sell between N320 and N340 in 2022. Speaking at the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” in Abuja on Tuesday, Kyari assured that fuel subsidy removal would...
