Diaspora Voting Bill to Get Second Reading—Reps Member

By Adedapo Adesanya The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has cancelled all activities lined up for his 60th birthday amid increased calls for his sack. Mr Komolafe, a Fellow of the Nigerian Society of Engineers (NSE), turned the milestone age on Tuesday, September 26 and there was a planned thanksgiving service to mark the day slated for this Saturday, September 30. However, he said that amid the current economic state in the country, he has decided to cancel all the planned celebrations, according to a report by Premium Times. This development comes

By Modupe Gbadeyanka The 12-year-old boy with missing intestines, Adebola Akin-Bright, who has been receiving treatment at the Lagos State University Teaching Hospital (LASUTH), Ikeja, has died. Adebola died on Tuesday evening, according to reports. He was to be flown abroad for an intestine transplant to get him back to normal before he breathed his last today. Adebola had surgery at a private hospital in the Alimosho area of the state known as Obitoks Medical Centre, but it was later discovered that his intestines were missing. The Lagos State House of Assembly had on Tuesday asked Governor Babajide Sanwo-Olu to

By Bliss Okperan A news report filtering in indicates that a part of the Supreme Court complex in Abuja has been gutted by fire. The incident, according to what Business Post gathered, happened on Monday morning. It was said that offices of three justices were affected by the inferno, whose cause is yet unknown at the time of filing this report. Details later…

By Adedapo Adesanya The federal government has declared Monday, October 2, 2023, a public holiday to celebrate Nigeria’s 63rd Independence Day, which falls on Sunday, October 1. The Minister of Interior, Mr Olubunmi Tunji-Ojo, made this known in a statement signed by the ministry’s Permanent Secretary, Mrs Oluwatoyin Akinlade, in Abuja on Thursday. Mr Olubunmi acknowledged the global socio-economic hardship, noting that Nigeria is not excluded. He, however, reasserted the government’s commitment to tackling the issues facing the country to reassure Nigerians. “It is today a known fact that difficult Socio-Economic and Security challenges are global, and Nigeria is not

The suspended Chairman of the Special Presidential Investigation Panel for the Recovery of Public Property (SPIP), Mr Ekoi Obono-Obla, has apprehended. Mr Obono-Obla, who was declared wanted in October 2019, was eventually nabbed by operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) following months of running from the law. He was arrested on Friday in Abuja for repeatedly failing to honour invitations sent to him. The commission, while investigating allegations of abuse of office, certificate forgery and fraud amongst others, had wanted Mr Obono-Obla to appear before it to clear his name. ICPC had kept surveillance

By Kester Kenn Klomegah During several years of Omar al-Bashir administration, Sudan’s economy was largely shattered due to political tyranny, deep-seated corruption and poor policies. According to the Corruptions Perception Index, Sudan is one of the most corrupt nations in the world. Sudan has a population of 43 million (2018 estimates), nearly 80% live far below the poverty line despite its boast of natural resources including huge oil deposits. While historically agriculture remains the main source of income and employment hiring of over 80 percent of Sudanese, it makes up a third of the economic sector. But most farms remain

By Modupe Gbadeyanka An alleged plan by the Department of State Services (DSS) to arrest General Overseer of the Omega Fire Ministries, Apostle Johnson Suleiman, was foiled by Governor Ayodele Fayose of Ekiti State on Wednesday. It was gathered that the secret police had attempted to go away with the man of God in the wee hours of Wednesday in Ado Ekiti, the Ekiti State capital. Apostle Suleiman was in the state for a two-day crusade, which was attended by Mr Fayose. Few days ago, the cleric was reported to have told members of his church in Auchi, Edo State

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) is planning to clean up the financial system by closing all tier-1 accounts mostly operated by digital banks but have not been linked to the Bank Verification Number (BVN). The reason for the action, according to a senior official of the apex bank, is that these entry-level accounts are being used to perpetrate fraud in the country. In order to have more people in the financial system, some digital banks and financial technology (fintech) companies, like Opay and Palmpay, open bank accounts for customers with minimal requirements. These accounts, known as

By Dipo Olowookere The operating licences of three stockbroking companies in the nation’s capital market have been revoked by the Nigerian Stock Exchange (NSE), Business Post has confirmed. With this, the three affected companies are no longer allowed to deal with the trading of stocks in the country as they have been expelled. A circulated dated May 17, 2019 and signed by Mr Olufemi Shobanjo, the Head of Broker Dealer Regulation at the NSE, gave the names of the stockbroking firms as Mercov Securities Limited, Resano Securities Limited and Transafrica Financial Services Limited. In the circular obtained by Business Post,

By Modupe Gbadeyanka President Muhammadu Buhari will address the nation on Thursday, October 1, 2020, a statement from the presidency on Wednesday has announced. However, the address will not be in the form of the usual 7am nationwide broadcast. According to the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, tomorrow’s speech will be from the Eagle Square. On Thursday, October 1, 2020, Nigeria will mark her 60th anniversary of independence in 1960 and activities have been lined up to celebrate the diamond jubilee. In the statement issued on Wednesday afternoon, Mr Adesina said the speech

By Modupe Gbadeyanka Four banks have been fined the sum of N5.87 billion by the Central Bank of Nigeria (CBN) for their role in the illegal repatriation of funds to South Africa by MTN few years ago. A lawmaker, Senator Dino Melaye, had raised an alarm that the South African owned telco illegally repatriated about $14 billion to South Africa between 2006 and 2016. He had also claimed that this was done with the aid of some financial institutions operating in Nigeria. The matter was investigated and the central bank said it found out that the sum of $3.5 billion

By Dipo Olowookere A maternity and child welfare clinic in Kofaran, Bauchi State has been renovated by a top lender in Nigeria, Fidelity Bank Plc. This is part of the bank’s efforts in touching lives and impacting positively on communities through its Fidelity Helping Hands Project (FHHP); an initiative that enables the financial institution and its employees to carry out Corporate Social Responsibility (CSR) interventions. Last week, the firm donated equipment to the hospital, which was unveiled by the its Managing Director/Chief Executive Officer, Mr Nnamdi Okonkwo, in a ceremony that attracted people from the host communities and environs. Mr