NNPC to fund Lagos-Badagry Expressway, 20 other road projects with N621.2bn
The Federal Executive Council (FEC) has given the Nigerian National Petroleum Corporation (NNPC) the approval to deploy some of its tax liabilities to Lagos-Badagry Expressway and 20 other road projects across the six-geo-political zones. Babatunde Fashola, Minister of Works and Housing, briefed State House correspondents after a virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at...
PPMC: Nigeria spends N8.3bn daily on petrol subsidy
Managing Director, Petroleum Products Marketing Company (PPMC), Mr. Isiyaku Abdullahi, has said that the full deregulation of the petroleum downstream sector will save Nigeria N12 trillion in four years. Abdullahi stated that with the price of crude oil at $80, Nigeria now pays N8.3 billion daily on fuel subsidy. Abdullahi spoke at the ongoing 15th Oil Trading and Logistics (OTL) Africa...
Yar’Adua’s Agric Minister, Abba Ruma, dies in London
Dr. Abba Sayyadi Ruma, a former Minister of Agriculture and Water Resources during the administration of late President Umaru Musa Yar’adua, is dead. Ruma, according to Daily Trust, died in a London hospital. Confirming the demise of Ruma, his uncle and Danwairen Katsina, Alhaji Sada Salisu Ruma, said late Sayyadi had battled diabetes for a long time before he eventually passed...
Vietnam begins vaccination of children against COVID-19
Southern Vietnam’s Ho Chi Minh City (HCMC) on Wednesday started vaccinating children against COVID-19. According to a local media outlet, VnExpress, the city became the first locality in the country to do so. The inoculation campaign began in Cu Chi district, where over 1,500 high school students were vaccinated, two weeks after the country’s health authorities approved the inoculation for children...
How bank manager forged my signature to divert N42.5m – Hotelier
A hotelier, Mr. Babatunde Emmanuel on Wednesday before an Ikeja Special Offences Court, alleged that Access Bank Plc., relied on forged documents to authorise illegal debit and credit transactions on his account amounting to N42.5 million. Emmanuel, the owner of Aerol Hotels Limited, made the revelation during the trial of Sydney Mmeka, a former manager of the Festac branch of...
Kenya gets $150m World Bank credit for climate financing
World Bank has granted Kenya 16.7 billion shillings (about $150 million) to support the country’s climate action plan, the National Treasury said Wednesday. The Treasury said the money would be used to strengthen local resilience to the impact of climate change through a 10-year programme dubbed financially locally-led climate action starting in 2020. “Climate change remains the biggest challenge of our...
Why I spent two days in EFCC custody, by ex-Senate President Anyim
Former Secretary to the Government of the Federation (SGF), Senator Anyim Pius Anyim, has explained why he was detained for two days by the Economic and Financial Crimes Commission (EFCC). Anyim was released on Tuesday after he was kept in custody since Sunday by EFCC over allegation that part of N780 million aviation fund was diverted to a company he...
Bayern Munich’s Hernandez escapes jail as judges impose condition
Bayern Munich’s HernandezLucas Hernandez, Bayern Munich and France defender, will not have to go to prison in Spain this week after judges instead imposed a suspended sentence. The regional court in Madrid announced the decision on Wednesday. A six-month prison term was imposed in 2019 after he breached a six-month restraining order by reconciling with his now wife. But after hearing his...
Teenager jailed 3 months for stealing plastic chairs from church
An Abeokuta Magistrates’ Court on Wednesday sentenced a 19-year-old boy, Lekan Alaka, to three months imprisonment for stealing plastic chairs worth N91,200 from Mount Zion Anglican Church. The police charged Alaka, whose address was not given with theft. Magistrate Olajumoke Somefun held that the prosecution proved its case beyond reasonable doubt. Somefun sentenced Alaka to three months imprisonment with an option of N100,000 fine. Earlier,...
NCAA to airlines: Desist from admitting unauthorised passengers into cockpit
The Nigerian Civil Aviation Authority (NCAA) has threatened to sanction airline operators and flights crew who allow unauthorised personnel into the cockpit during flight operations. The Director-General, NCAA, Capt. Musa Nuhu, issued the warning in a letter: NCAA/ DG/ AIR/1/11/324 dated October 25 and addressed to accountable managers in Lagos on Wednesday. Nuhu decried the worrisome trend and vowed to take...
