Court restrains FG from deducting $418m from states
A Federal High Court in Abuja on Friday halted the plan by the Federal Government to deduct $418 million from the bank accounts of the 36 states of the federation. The restraining order against the Federal Government was given by Justice Inyang Ekwo following an ex parte application argued by the lawyers to the 36 States, Jibrin Okutepa (SAN) and...
Group warns against politicising Ikoyi building collapse
The Advocate of Good Governance (AGG) Lagos State Chapter has warned against politicisation of the collapse of 21-storey building on Gerald Road, Ikoyi on Monday. Also, it commiserated with the families of those who lost their lives at the collapsed 21-storey building in Ikoyi. The group's spokesperson, Mr. Biyi Adebiyi, stated this while addressing newsmen at the site of the incident...
21-storey building collapse: Osinbajo denies ownership, threatens litigation
Vice President Yemi Osinbajo (SAN) has denied ownership of the 21-storey building under construction on Gerald Road, Ikoyi, Lagos that collapsed on Monday. So far, 36 bodies have been evacuated from the scene of the building collapse. Osinbajo categorically stated that he has “no interest whatsoever, and has never had any interest, either legally or beneficially, in the land, the building...
FMDQ’s turnover increases to N24.03trn in September
FMDQ Securities Exchange Ltd. has recorded a turnover of N24.03 trillion in the Fixed Income and Currency (FIC) markets in the month of September. This was stated in the monthly FIC report obtained from FMDQ on Friday. The report showed that the turnover represented an increase of 94.89 per cent (N11.70 trillion) in contrast with N12.33 trillion recorded in August. A breakdown of...
FEMI ADESINA: This Kumuyi is simply different
He rarely speaks on things that do not have to do with the work of the Kingdom, which he is completely sold out to, and has been engrossed in for over 50 years. In fact, he exemplifies the words of the prophet that “he shall not strive, nor cry; neither shall any man hear his voice in the streets.” But...
CBN approves payment service bank licenses to MTN, Airtel
Two major telecommunications firms in Nigeria, MTN Nigeria and Airtel Africa, have been granted approval in principle (AIP) for payment service bank (PSB) licenses. MTN’s MoMo Payment Service Bank Limited and Airtel’s SMARTCASH Payment Service Bank Limited (Smartcash) were granted approval in principle. The telcos stated that the Central Bank of Nigeria (CBN) granted the approvals on Thursday November 4. Uto Ukpanah,...
Femi Adesina: Why I stopped attending my church in Abuja
Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, has decried the manner many preachers have turned the pulpits to avenues to spew out hate, especially against government. Adesina, in an op-ed titled ‘This Kumuyi is simply different’, narrated how he stopped attending a branch of his church in Abuja as a result of the pastor’s persistent...
UNIABUJA professors, other abductees rescued – Police, VC, ASUU
All abducted victims of the University of Abuja have been rescued and reunited with their families. The police in Federal Capital Territory confirmed the release on Friday. DSP Josephine Adeh, Police Public Relations, said the feat was achieved through a joint operation with other security agencies. Armed men had on Tuesday morning invaded the Senior Staff Quarters of the University of Abuja. At...
CBN spends N58.bn to print banknotes in one year
The Central Bank of Nigeria (CBN) spent a total of N58,618.50 million to print banknotes in 2020. This was revealed in the annual report of the apex bank’s Currency Operations Department (COD) released on Thursday. The N58.6 billion incurred on printing of banknotes in 2020 is less than what the CBN spent in 2019. In the report, the Bank’s total cost incurred...
Bianca Ojukwu blames Obiano for APGA’s dwindling fortunes
Widow of Dim Chukwuemeka Odumegwu Ojukwu, Bianca, has expressed worry over the dwindling political fortunes of the All Progressives Grand Alliance (APGA). Ojukwu, who spoke on Thursday to mark the posthumous birthday of the late Biafra warlord, on November 4, blamed Governor Willie Obiano for the defection of APGA members to other political parties, especially the All Progressives Congress (APC). Ojukwu...
