Obanikoro Returns N100m To EFCC

By Aduragbemi Omiyale The Vice President, Mr Kashim Shettima, has charged the National Assembly to continue to cooperate with the executive arm of government, noting that governance is a collective responsibility and not a personal endeavour. He said this at the retreat for the leadership of the 10th National Assembly last Friday at the Four Points by Sheraton, Ikot Ekpene, Akwa Ibom State. Mr Shettima said the administration of President Ahmed Tinubu was committed to safeguarding Nigeria’s democracy and maintaining the fraternal bond between the two arms of government. He described the composition of the federal government as well as

By Adedapo Adesanya The two leading opposition presidential candidates in the 2023 general elections, Mr Atiku Abubakar of the Peoples Democratic Party (PDP) and Mr Peter Obi of the Labour Party, on Tuesday, approached the Supreme Court to upturn the judgment of the Presidential Election Petition Court (PEPC), which on September 6, affirmed Mr Bola Tinubu of the All Progressives Congress (APC) as winner of the exercise held on Saturday, February 25. Mr Atiku, in his Notice of Appeal predicated on 35 grounds, insisted that the tribunal, in the judgment delivered by Justice Haruna Tsammani, committed grave error and miscarriage

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 Nigeria faces a crippling fertiliser shortage as 34,000 metric tonnes of Russian Fertiliser meant for Nigeria is stuck at ports in the European Union (EU) as a result of continued war in Ukraine. Russia’s Foreign Minister, Mr Sergey Lavrov, confirmed this development on Saturday at the 78th United Nations General Assembly (UNGA) in New York, noting that 260,000 metric tonnes of Russian fertilisers have been stranded in EU ports since 2022. According to Russian News Agency, TASS, Mr Lavrov informed reporters that, “We are ready to give these fertilisers to African countries for free. It took six

By Modupe Gbadeyanka The first trading week of 2018 on the floor of the Nigerian Stock Exchange (NSE) ended positive with the All-Share Index and market capitalization appreciating by 1.78 percent to close the week at 38,923.26 points and N13.851 trillion respectively. Similarly, all other indices finished higher during the week with the exception of the NSE Premium, NSE ASeM and NSE Lotus II indices, which depreciated by 0.58 percent, 1.44 percent and 0.82 percent respectively. During the four trading sessions in the week as a result of the public holiday declared by the Federal Government in commemoration of the

By Dipo Olowookere A total of N18.598 billion Pension Accrued Rights to 4,466 retirees, under the Contributory Pension Scheme in 14 months, from the Mainstream Civil Service, Local Governments, State Universal Basic Education Board (SUBEB), Teachers Establishment and Pension Office (TEPO) and other Parastatals, has been paid by the Lagos State Government, through Lagos State Pension Commission (LASPEC). Director-General of LASPEC, Mrs Folashade Onanuga, made this disclosure at the 31st Retirement Benefit Bond Presentation ceremony, which took place recently at the Commission’s office in Alausa, Ikeja, the state capital. According to Mrs Onanuga, the payment was made possible because of

By Adedapo Adesanya The federal government has said that Nigeria will earn $2 billion in advertising within three years of the conclusion of the ongoing reform in the creative industry and advertising sector. This was disclosed by the Minister of Information, Mr Lai Mohammed, in Abuja at a technical session of the Task Team on Audience Measurement inaugurated by the government. Mr Mohammed said the N400 million the country was currently earning from advertising was unacceptable and reiterated the position of the task team to increase it to the targeted level. He said with the conclusion of the reform process,

By Dipo Olowookere Some concerned members of staff of the Nigerian Maritime Administration and Safety Agency (NIMASA) are reportedly angry with their Director-General, Mr Dakuku Peterside. According to reports, the aggrieved workers, who chose to remain anonymous for now, flayed Mr Peterside for reverting to the loathsome impunity and autocracy that pervaded the agency during the tenure of the now embattled Mr Patrick Akpobolokemi, having earlier appeared interested in correcting the ills of the past management. This comes at a time the two immediate past heads of the are facing charges for alleged involvement in financial scandals during their tenure.

By Dipo Olowookere The digital transformation agenda of Ecobank Nigeria limited aimed at enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches has reached an advanced stage. Already, 74 out of its 479 branches of the lender have been optimised into the scheme, making the bank deliver enhanced services leveraging more on its digital channels. Speaking on the development, Managing Director of Ecobank, Mr Charles Kie, said the move was part of the financial institution’s transformation agenda meant to create a fundamental shift of its banking

By Dipo Olowookere A giant a giant size statue of a fisherman has been commissioned by the Lagos State government at the Soglo way roundabout in Badagry to reflect one of the indigenous occupations of the early settlers in the area as part activities marking the Lagos@50 celebration. Speaking at the commissioning ceremony, Governor Akinwunmi Ambode said the erection of various statues and monuments across the state was not only to serve as tourists attraction centre but also to tell the history and contribution of the indigenous fishermen in providing food for the teeming population in Lagos. The Governor, who

By Dipo Olowookere It is a dark day in the world of football as one of its legends, Diego Maradona, breadth his last on Wednesday following a heart attack. The Argentine footballer, who mesmerised the world with his dribbling skills for years, died some days after he had a brain surgery in his home country. Recall that a few days after celebrating his 60th birthday in November, the former coach of Argentina was admitted into La Plata clinic after complaining of low spirits and fatigue. Checks done by doctors at the medical facility indicated that there was a blood clot

By Dipo Olowookere Mr Andrew Scott Murray has been appointed to the board of directors of International Breweries Plc, a statement from the firm has disclosed. Mr Murray is coming into the board as a non-executive director, the statement signed by the Company Secretary/General Counsel, Mr Muyiwa Ayojimi, stated. He is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB Inbev Africa operations, based in Johannesburg, South Africa. He was the Global Director AB Inbev M&A based in New York with exceptional track record of handling transactions and Corporate disposals of different description and