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Osogbo, Dec. 24, 2022 – The Osun State Government has set up an Assets Recovery Panel to recover stolen assets of the state by officers of previous administration of Adegboyega Oyetola. Olawale Rasheed, the Spokesman for Gov. Ademola Adeleke, said the state government constituted the panel to recover government’s property in the hands of private individuals, including ex-government officials who served in the previous administration. Rasheed alleged, in a statement in Osogbo, on Friday that some former officials of the state went away with various models of vehicles illegally. The …

Abuja, Dec. 21, 2022 – The Kingdom of Saudi Arabia has restored 95,000 Hajj slots to the National Hajj Commission of Nigeria ahead of the 2023 Holy pilgrimage. Mousa Ubandawaki, NAHCON Assistant Director of Information and Publications, said this in a statement on Wednesday in Abuja. “The Saudi Ministry of Hajj and Umrah has granted Nigeria its usual allocation of 95,000 slots in 2023 holy pilgrimage. “The hopes of many prospective Nigeria pilgrims to perform the 2023 Hajj may have been answered as the Saudi Ministry of Hajj and Umrah …

Washington, D.C., Dec.15th, 2022 – The U.S. Export-Import Bank (U.S. EXIM Bank) and Africa50, a pan-African infrastructure investment platform,  have signed an MOU to mobilize $300 million worth of financing to support investments in climate, ICT, and infrastructure projects in Africa. A statement issued by Africa50 and the made available to Global Business News (GBN) in Lagos on Thursday, said the landmark agreement was signed on the sidelines of the just concluded U.S.- Africa Leaders Summit. The MOU identified six target sectors for financing which are Climate and energy security; technology and …

Abuja, Dec.15, 2922 – Chief Ike Ekweremadu, a former Deputy Senate President, on Thursday alleged that the Economic and Financial Crimes Commission (EFCC) was responsible for his travails at the London Court where he had been in detention over alleged organ harvest. He made the allegation before Justice Inyang Ekwo of a Federal High Court in Abuja. The Senator, who has been in custody in London over an alleged organ harvest, told the Federal High Court that the EFCC wrote a letter to the London Court which made the foreign …

Abuja, Dec, 15, 2022 – The Economic and Financial Crimes Commission (EFCC) recovered N134.337 billion worth of assets between January and October 2022. Abdulrasheed Bawa, its Chairman, told the State House correspondents at the Presidential Villa on Thursday that the money were in monetary and other assets. Bawa said that the commission recovered monetary assets in foreign currencies which included over $121 million, over £21,000 pounds sterling and over €156 euros. None-cash assets recovered include over 4,136 metric tonnes of petroleum products, 65 real estates, 52 automobiles, 15 plots of …

Lagos, Dec.14, 2024 – The Murtala Muhammed International Airport (MMIA) Command of  Nigeria Customs Service (NCS) in Lagos recorded N1.9 billion revenue in November, 2022. Mohammed Gidado, the Area Controller, said this in a statement in Lagos, adding that the amount represented an increase of N350 million over the amount generated in October. Gidado said the command recorded the greater success through seamless clearance procedure of passengers’ accompanied and unaccompanied baggage. He said the success also was achieved through active pursuance of the Customs’ mandate which included interception of contraband, …

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 …