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Aishat Buhari calls for privileges for outgoing First Lady

Abuja, May 26, 2023 – Aisha Buhari, the wife of outgoing President Muhammadu Buhari, has called for certain privileges for the wives of former presidents after the expiration of their tenure. She made the call in Abuja on Friday at the launching of a book titled ‘The Journey of a Military Wife’ written by Mrs Vickie Anwuli Irabor, the wife of Chief of Defence Staff and President of the Defence and Police Officers’ Wives Association (DEPOWA). Mrs Buhari, the outgoing First Lady, listed such privileges as the provision of vehicles, …

Madein, new AGF, assumes office with warning for zero tolerance for corruption

Abuja, May 26, 3023 – Dr Sakirat Madein, the new Accountant General of the Federation (AGF), assumed duty on Friday with a warning to her colleagues that she would not tolerate corruption. Madein gave the warning for zero corruption during the handing over ceremony in Abuja on Friday. She expressed regret that the treasury had suffered some turmoil in the recent past and promised that the treasury would, henceforth, move from strength to strength.  “We should be guided by zero tolerance to corruption and be dedicated to service and how …

$2.4bn oil probe: Malami appears before Reps committee

Abuja, May 25, 2023 – Abubakar Malami, the Minister of Justice and Attorney-General of the Federation, on Thursday met with the House of Representatives Committe on the allegation of unlawful sale of 48 million barrels of crude oil in China amounting to over $2.4 billion. Malami was accompanied by Beatrice Jedy-Agba, the Permanent Secretary in the ministry. Malami faced members of the House Committee investigating the reported loss of revenue resulting from the illicit sale of 48 million barrels of crude oil exports in 2015. Despite the submission of documents …

Elumelu’s HH Capital buys additional 19.34 million units in UBA

Lagos, May 25, 2023 – HH Capital Limited has acquired additional 19.338,220 million shares worth N162.44 million in UBA. HH Capital Limited is owned by Tony Elumelu, the Chairman of the Board of UBA. This was disclosed by a notice of shares dealing on the Nigerian Exchange Limited. The acquisition of 19,338,220 million shares represents 0.06% of the company’s total outstanding shares of the company. With the acquisition, HH Capital has increased its number of shares from 140,843,816 units of shares as of December 31, 2022, to 230,182, 036 units. …

Court dismisses suit to stop Tinubu’s inauguration

Abuja, May 25, 2023 – The Appeal Court in Abuja on Thursday dismissed a suit seeking to stop the inauguration of the President-elect, Bola Ahmed Tinubu, on May 29 The suit was filed by Chief Ambrose Albert Owuru, the presidential candidate of the Hope Democratic Party (HDP) in the 2019 elections, against President Muhammadu Buhari, the Attorney-General of the Federation, INEC and Tinubu. The appellant alleged that he won the 2019 election and that the Supreme Court wrongly dismissed his case against Buhari’s re-election for being statute-barred without looking at …

DSS raises alarm on plans to disrupt presidential inauguration

Abuja, May 25, 2023 -The Department of State Services (DSS) has sounded the alarm on plans by subversive elements to disrupt the inauguration of the new president and governors on May 29. Dr Peter Afunanya, the Spokesman for the Service, told journalists in Abuja on Thursday that the subversive elements planned to disrupt the programmes in parts of the country.  He said they planned to undermine security agencies’ efforts at ensuring peaceful ceremonies and create panic and fear among members of the public. The Service, therefore, advised Nigerians to adhere …

Sanwo-Olu signs N1trn bond to develop state’s infrastructure

Lagos, May 24, 2023 – The Lagos State Government has signed a bond of N1 trillion from the capital market to finance development of key infrastructure. The state government said that the funds would be accessed in batches The state Governor, Babajide Sanwo-Olu, signed the  bond of N1 trillion, at a ceremony where the state government, issuing parties and trustees signed transaction instruments for first sets of allotment in the N1trillion Debt and Hybrid Issuance Programme. The state issued a 10-year tenure bond value at N115 billion at 15.25 per …

10th NASS: Group writes Tinubu, demands equal chances for aspirants

Abuja, May 24, 2023 – A group, the Democracy Watch Initiative (DWI), has advised the President-elect, Asiwaju Bola Tinubu, to insist on allowing democratic process to prevail as the members of the 10th National Assembly elect their principal officers. Dr Sunusi Umar, its National Coordinator, while reading the Fall-Out of their Colloquium at Arewa House, Kaduna State, said the letter aims to forestall the drift toward greater regional distrust in Nigeria, breach of constitutional democracy, due process of leadership succession through elections and rancour in the 10th National Assembly. He …

CBN revokes licences of 179 microfinance banks

Lagos, May 22, 2023 – The Central Bank of Nigeria (CBN) on Tuesday revoked the operational license of 179 microfinance banks in the country. This is contained in an official gazette of the Federal Government published on the website of the CBN on Tuesday. The gazette disclosed that the licenses of the financial institutions were revoked because they ceased to carry on the type of business for which their licences were issued for six months. “The banks also failed to fulfil or comply with the conditions subject to which their …

Second Niger Bridge named after President Buhari

Asaba, May 23, 2023 – The of the South-eastern states governors have agreed to name the Second Niger Bridge after President Muhammadu Buhari. Bashir Ahmad, the Special Assistant to the President on Digital Communications, said this in a tweet on Tuesday. He said the second Niger Bridge would now be called Buhari Bridge. “The Second Niger Bridge is to officially be called/known as MUHAMMADU BUHARI SECOND NIGER BRIDGE.” “The MUHAMMADU BUHARI BRIDGE is officially commissioned today, by President Muhammadu Buhari. #PMBLegacy,” he wrote. Confirming the developmemt, the Special Assistant to …