General News

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Police dismiss 7 officers over extortion

Owerri, Dec. 23, 2022 – Seven officers in Imo Police Command were dismissed on Thursday over alleged corrupt practices. Mohammed Barde, the state Commissioner of Police, said the officers were arrested in a bank at Umuahia, the Abia State capital, on illegal duty outside their jurisdiction. He said they were trying to extort money from their victim. Barde gave their details as F/No. 462315 Sgt. Ohakim Chibuzo; F/No. 505455 Sgt. Irome Finian; F/No. 505592 Sgt. George Osueke; F/No. 511966 Cpl. Kelechi Onuegbu and F/No. 512320 Cpl. Nwagoro Isdore. Others are …

All employers must pay minimum wage – Ngige

Abuja, Dec. 23, 2023 – Dr Chris Ngige, the Minister of Labour and Employment, says all employers of labour in the country are bound to comply with the Minimum Wage Act by paying the N30,000 minimum wage. Ngige, who spoke at a public enlightenment and sensitisation workshop for field officers on the national minimum wage in Abuja on Thursday, said all establishments were bound by the Act because they were duly represented in the negotiations. “The formal and informal sectors were represented during the collective bargaining mechanisms that produced the …

We ordered for 500m pieces of redesigned naira notes – CBN

Abuja, Dec.23, 2022 – Aisha Ahmad, a Deputy Governor in the Central Bank of Nigeria (CBN), on Thursday said the apex bank ordered for printing of 500 million pieces of redesigned naira notes.  “We ordered for 500 million pieces of currency from the Mint. That was what we ordered,” she said. Ahmad said this while briefing lawmakers at the National Assembly on the newly redesigned naira notes and CBN new policy on limited cash withdrawal. She also said that the cashless policy and naira redesign by the CBN were not …

Kidnappers: Police arrest five suspects on Lagos-Ibadan expressway

Ibadan, Dec. 22, 2022 – The Oyo State Police Command on Thursday said it had arrested five suspected kidnappers terrorising travellers along the Lagos-Ibadan expressway. The command listed the arrested suspects as Mohammadu Salfa, Usman Hassan, Muhammadu Salfa, Muhammadu Bello and Mikailu Yahaya It said cash amounting to N7.5 million was recovered from the suspects along with four AK-47 rifles, 75 AK-47 live ammunition, two pairs of military camouflage and one police. Kidnappers have been attacking passengers along the Lagos-Ibadan expressway for some time now. Parading the suspects at the Oyo …

2023 Budget: Senate postpones passage

Abuja, Dec. 22, 2022 -The National Assembly has postponed the passage of the 2023 Appropriation Bill slated for today. The Senate President, Ahmad Lawan, cited the long cleaning process the draft budget proposal underwent, among other factors for the postponement. He said the Committees on Appropriation from both chambers couldn’t meet up with the submission of the report for consideration and passage on Thursday. Lawan said irreconcilable figures were detected in the bill by the appropriation committees of both chambers and the process of cleaning the errors lasted till Wednesday. “The …

Akintoye, leader of Yoruba Worldwide resigns

Lagos, Dec. 22, 2022 – Prof. Banji Akintoye, the leader of Ilana Omo Oodua Worldwide, the apex body for Yoruba self-determination struggle, has resigned from the position. The General Secretary of the group, Tunde Amusat, said that the former Yoruba Nation leader had handed over to his former Deputy, Prof. Wale Adeniran A statement on Thursday announcing the decision of Akintoye, cited old age and a weakened body system as his reasons. Amusat said the group’s worldwide congress of Ilana Omo Oodua held on December 17th, 2022 accepted Akintoye’s resignation …

Fraud: Former AGF forfeits assets

Abuja, Dec. 22, 2022 – A Federal Capital Territory High Court has ordered the interim forfeiture of assets recovered from Ahmed Idris, a former Accountant General of the Federation, by the Economic and Financial Crimes Commission.   Wilson Uwujaren, the EFCC spokesperson, in  statement on Wednesday, said Justice M.A Hassan gave the order on Tuesday while ruling on a motion exparte marked M/1149/2022 and filed by the commission. The forfeited items in cash include $899,900; N304, 490,160.95; and 15 properties in Kano and Abuja. Idris and others are being prosecuted …

Canada APC advises party to scrutinise diaspora masqueraders

Lagos, Dec. 22, 2022 – The Canada Chapter of All Progressives Congress (APC) has advised the party’s Presidential Campaign Council (PCC)  to look out for persons masquerading as its diaspora representatives.  Mr Elas Abone, the Chairman of the party in Canada,  said there was need for the APC to be careful in dealing with people who came to Nigeria as members and representatives of the party abroad. “This is an election year and already, we have reports of persons claiming to be diaspora chairmen, whose intentions are strictly to create internal …

Nigeria’s domestic debt stock may rise to N22.57tn

Lagos, Dec. 22, 2022 – Nigeria’s domestic may rise to N22.57 trillion if the National Assembly approves President Buhari’s supplementary budget proposal of N819 billion sent to the assembly on Wednesday. The President said the supplementary budget, which will be financed through domestic borrowing, is to fix various infrastructure destroyed by floods across the various states in the country a few months ago.  “The year 2022 has witnessed the worse flood incident in recent history which has caused massive destruction of farmlands at a point already closed to harvest season. …

CBN revises policy on cash withdrawal

Lagos, Dec. 22, 2022 – The Central Bank of Nigeria has bowed to pressure from the National Assembly to revise its cash withdrawal limits policy. In a circular on Wednesday signed its Director of Banking Supervision, Haruna Mustafa, the CBN said it had reviewed upwards the maximum weekly limit for cash withdrawal across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively. It said that for transactions above the withdrawal limits, financial institutions would be  required to get details of the customers and upload same on …