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Lagos, Dec. 13, 2022 – Mr Femi Falana, a Lagos-based lawyer, and operators of PoS (Point-of-Sale) machines, have threatened to sue the Central Bank of Nigeria (CBN) if it fails to withdraw its policy on limited cash withdrawal .  The CBN introduced a new policy which fixed weekly cash withdrawal limit for an individual at N100,000 and N500,00 for a corporate entity. The policy, which will become effective on January 9, 2023, has generated criticisms, but the CBN has clarified that PoS operators can apply for a waiver. Falana on …

Lagos, Dec. 12, 2022 – The Nigerian Maritime Administration and Safety Agency (NIMASA) is sending 235 Nigerians to India and Greece as Batch B of the 435 young Nigerians to be trained as Licenced Deck and Engine Officers as well as Naval Architects under the Nigerian Seafarers Development Programme {NSDP) A statement by NIMASA in Lagos today said Mallam Muazu Jaji Sambo, the Minister of Transportation, was the Special Guest at the sent-forth ceremony for the training programme christened “NSDP Phase 3, TERRA II” at the weekend in Lagos. The minister …

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 …

 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 …

Abuja, Dec. 8, 2022 – The Senate is to seek clarifications from the Central Bank of Nigeria (CBN) on its new policy on limited cash withdrawals announced earlier this week. The new policy prescribes maximum cash withdrawal limits by individuals and corporate organisations at N100,000 and N500,000, respectively, per week. Some senators, who spoke at Wednesday’s plenary, agreed that the new policy would adversely affect many Nigerians The Senate Minority Leader, Phillip Aduda, (PDP, FCT), called the attention of his colleagues to the new policy while seconding a motion that …

Maputo, Dec. 7, 2022  (AFP/GBN) – A Mozambican court on Wednesday sentenced the son of Mozambique’s ex-president Armando Guebuza to 12 years in jail. This is following a vast corruption scandal in which the government unleashed financial havoc by trying to conceal huge debts. “The crimes committed have brought consequences whose effects will last for generations,” said Judge Efigenio Baptista who found Ndambi Guebuza guilty of embezzlement, money laundering and criminal association, in a scandal that arose after state-owned companies in the impoverished country illicitly borrowed $2 billion between 2013 …

Lagos, Dec. 5, 2022 – Asiwaju Bola Tinubu, the Presidential Candidate of the All Progressives Congress (APC), today claimed that he is a true born of Tinubu family in Lagos. He said this while fielding questions at Chatham House in London, saying that those who disputed claims that he was from the Tinubu family could request for a DNA test. The presidential candidate said he was born on March 29, 1952 in Lagos. Tinubu said that he just received his original certificate from Chicago State University and that his record …

Lagos, Dec. 5, 2022 – Ms Patience Oniha, the Director-General of Debt Management Office, says Nigeria’s public debts stock is growing out of sustainability. Oniha, who spoke at the annual conference of the Capital Market Correspondents Association of Nigeria (CAMCAN) in Lagos at the weekend, said Nigeria was now facing the risk of being unable to sustain its rising public debt stock. Nigeria’s public debt stock, both external and internal, stood at N42. 84 trillion ($103. 31 billion) as at June 30, 2022.  She said it was important that the public debt …

Lagos, Dec. 3, 2022 – The Independent National Electoral Commission(INEC) has scheduled between Monday, December 12 and Sunday, January 22 as the collection dates of PVCs in all the 774 local government area offices of the commission across the country. The commission gave this directive in a statement at the weekend. It said that it had also resolved to devolve the PVC collection to the 8,809 Registration Areas/Wards from Friday, January 6th to Sunday, January 15th, 2023. “Those that are unable to collect their PVCs at all the local government offices …