Latest Articles
Amotekun in Ekiti arrest 79 Kidnappers, settle 63 cases
Lagos, Dec. 11, 2022 – Rtd Brig. Gen. Joe Komolafe, the Commander of Ekiti State Amotekun Corps, says the corps arrested 79 suspected kidnappers and settled 63 farmer-herder cases since it was established. He said that the suspected kidnappers had been handed over to the police for prosecution. The Commander said this while receiving some journalists who paid a courtesy call on him in Ado-Ekiti at the weekend, adding that the corps had achieved a lot in quelling crimes in the zone. ”We came in at a time the South-West …
FG approves 5 banks for disbursement of Cabotage Fund
Lagos, Dec.11, 2022 – The federal Government has approved five banks as the primary lending institutions for the disbursement of Cabotage Fund. The banks are Union Bank, Zenith Bank, Polaris Bank, UBA and Jaiz Bank. A statement issued by the Nigerian Maritime Administration and Safety Agency (NIMASA) in Lagos today said that Mallam Mu’azu Jaji Sambo, the Minister of Transportation, made the announcement in Lagos at a joint press conference with the NIMASA boss, Dr. Bashir Jamoh, last weekend following the approval of the banks by the government. sambo had …
President Buhari reiterates commitment to fair, credible elections
Lagos, Dec. 11, 2022 – President Muhammadu Buhari has reiterated his determination to ensure free, fair and credible elections in the country next year. He said that the outcome of the governorship elections in Anambra, Ekiti and Osun were testimonies of his resolution on free and fair elections in the country. A statement issued on Saturday by Mallam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, said the president reiterated this promise on Friday when he received the Katsina State APC Governorship Candidate, Dr Dikko …
President Buhari approves disbursement of $350m Cabotage Fund
DEC. 11, 2022 – President Mohammadu Buhari has approved the disbursement of the $350 million Cabotage Vessel Financing Fund. Muazu Sambo, the Minister of Transportation, announced the approval of the disbursement of the fund in Lagos on Saturday at the flag-off ceremony of the third phase of the Nigerian Seafarers Development Programme (NSDP). The Cabotage Vessel Financing fund (CVFF) established under the Coastal and Inland Shipping (Cabotage) Act, 2003. The fund is intervention fund created by the federal government todevelop the capacity of Nigerian shippers to enable them maintain their …
IMF and Ghana to reach staff-level agreement by Tuesday
Accra, Dec. 10, 2022 – (Reuters/GBN) The International Monetary Fund (IMF) and Ghana are expected to reach a staff-level agreement on a loan deal by Tuesday at the latest, said three sources with knowledge of the ongoing talks. The IMF did not respond to a request for comment, but a spokesperson for Ghana’s finance ministry said they could not comment beyond that the negotiations were ongoing. Two sources said that the IMF programme was expected to be an extended credit facility, which would provides financial assistance to countries with drawn …
Biden to announce support for African Union joining G20
Washington, Dec 10, 2022 (Reuters/GBN) – President Joe Biden next week will announce U.S. support for the African Union’s admission to the G20 group of the world’s largest economies as a permanent member, a White House official said on Friday. Biden will make the announcement during the U.S.-Africa Leaders Summit in Washington next week, White House adviser Judd Devermont said, when Biden will meet presidents of African countries. “We need more African voices in international conversations that concern the global economy, democracy and governance, climate change, health, and security,” Devermont …
HEDA unveils 6th edition of Compendium of 100 High Profile Corruption Cases in Nigeria
CorruptionLagos, Dec.10, 2022: The Human and Environmental Development Agenda (HEDA) Resource Centre has unveiled the 6th edition of its “Compendium of 100 High Profile Corruption Cases in Nigeria’’, saying it is to make Nigerians know who are keeping the country underdeveloped. Sulaimon Arigbabu, the Executive Secretary of HEDA Resource Centre, said this while addressing participants at the event on Friday in Lagos. Arigbabu said that Nigerians had taken it for granted that some people would shout when a high profile corruption case was uncovered and after, it would die down. “From …
I have no business with fraud – D’banj
Lagos, Dec, 10, 2022 – Music star, Oladapo Oyebanjo, also known as D’banj, has denied allegations of fraudulent practices made against him by the Independent Corrupt Practices and Other Related Offences Commission. He said that nothing incriminating was found on him by the commission. The singer was detained by ICPC on December 6, over allegations of fraud in connection with the N-Power programme, but released on self-recognition on Friday. D’banj took to his social media handles a few hours after he was released to tell his ordeal in ICPC and …
How God called me to raise billionaire Christians – Ajiboye
Lagos, Dec. 10, 2022 – Mr Olatayo Ajiboye, the Founder of Billionaire Christians Movement, says he was inspired by God to start training youths on the sound principles of prospering through establishing and running genuine businesses. Olatayo, a serial entrepreneur and Chairman of Talentcity International Limited, said this while telling the story of his life to journalists in Lagos at the weekend. He traced his motivation to a call from God in 2010 to take the challenge to raise billionaire Christians who will grow though their commitment to and dedication …
NDIC resolves 248 complaints, recovers N8.3 billion to bank customers
Kano, Dec. 9, 2022 – The Nigerian Deposit Insurance Corporation (NDIC) successfully resolved 248 complaints and recovered over N8.3 billion to bank customers between January and November this year. Mr Bello Hassan, its Managing Director, said this at the NDIC Day at the Kano International Trade Fair in Kano on Thursday. He said that the highest of 190 complaints bordered on unauthorised withdrawals, 33 complaints were on POS issues, while 25 complaints bordered on banks fees, charges and frauds. He said the cases were reported to NDIC through its toll-free help …