Presidency Alleges Plot to Trigger Ethnic, Religious Unrest

By Adedapo Adesanya A Federal Capital Territory High Court, Abuja, has adjourned an alleged procurement fraud case involving ex-Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to January 18 and 19, 2024, for continuation of trial. Mr Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6 billion. He had pleaded not guilty to the charges. He was granted bail on November 17, 2023, to the tune of N300 million, and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions. However,

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Investors Hub The major U.S. index futures are pointing to a sharply higher open on Monday, with stocks likely to extend the strong upward move seen last week. Early buying interest is likely to be generated amid a positive reaction to the highly anticipated meeting between President Donald Trump and Chinese President Xi Jinping over the weekend. At the meeting, Trump and Xi agreed to a 90-day truce in the escalating trade war between the world?s two largest economies as they work to reach a long-term trade deal. A White House statement said Trump agreed not to raise the

By Adedapo Adesanya  The Lagos State government has issued a six weeks ultimatum to trucks and other haulage vehicles to get necessary documents and ensure that they are road worthy condition to avoid punishment. The decision was reached at a stakeholder’s meeting with owners of trucks and articulated vehicles in Lagos on Friday. The Director, Vehicle Inspection Service, (VIS), Mr Akin George Fashola, said that there was an agreement among participants that a period of six weeks be given all stakeholders involved in haulage movement to revalidate their documentation and put their vehicles in a proper working condition, and that

By Investors Hub Asian stocks ended mixed on Tuesday as scant details about the partial U.S.-China trade deal announced last week as well as renewed Brexit uncertainty dented sentiment. In addition, investors adopted a cautious stance ahead of earnings results from the big U.S. banks this week. China’s Shanghai Composite Index dropped 16.84 points, or 0.6 percent, to 2,991.05 after the release of inflation data. Hong Kong’s Hang Seng Index finished marginally lower at 26,503.93. Chinese consumer price inflation accelerated to the highest since 2013 on food prices, while factory gate prices eased further in September as trade disputes with

By Aduragbemi Omiyale Investors who subscribed for the first tranche of the Stanbic IBTC Infrastructure Fund have received a total cash reward of N3.24 per unit. The investment tool was designed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, to bridge the gap between the funding needs of promoters of viable infrastructure projects and long-term institutional investors. After the tranche I was launched on September 30, 2021, the company paid an interim distribution of N1.24 each to unitholders in November 2021 and in January 2022, it paid a final distribution of N2.00 per unit for the

By Nneka Okumazie Maybe the standard human measure for answered prayer is so inaccurate that many think the fervent prayers of the righteous are to no avail. Maybe using physical proportionality to assume spiritual effectiveness is the great misunderstanding against the Christian faith. Many think that for the righteous to pray for X, and not receive X at a certain time, means prayers don’t work. Prayers work, all the time, at least for those the Lord hears. The answer may not always be what was extrapolated, but it was advised to always pray. So, if the Lord says His people

By Modupe Gbadeyanka Mr Israel Jaiye Opayemi, Managing Director/Chief Strategist of Chain Reactions Nigeria, one of the country’s leading Public Relations and Integrated Communications Consulting Firms and the Exclusive Nigerian Affiliate and Preferred West Africa’s Partner of Edelman, the world’s largest PR firm with presence in 65 countries across the globe, has won the ‘PR Practitioner of the Year’ at the 2018 edition of the Lagos PR Industry Gala Awards (LaPRIGA). Mr Opayemi was named winner of the prestigious award category during the award ceremony in Lagos on Thursday, December 20, 2018, organised by the flagship Lagos State Chapter of

**Pays N40.4bn Tax to Government By Dipo Olowookere Nigeria’s treasury is expected to receive a boost with the expected payment of N40.4 billion in corporate tax by a leading cement firm in the country, Dangote Cement Plc. The tax is from the operational result of the cement marker in the first quarter of 2021, according to details of its financial statements released to the Nigerian Exchange (NGX) Limited on Friday, April 30, 2021. The country is currently undergoing a decline in earnings and the payment of over N40 billion into the coffers of the government would go a long way

By Adedapo Adesanya The Information Systems Audit and Control Association (ISACA) has warned Nigerians working from the comfort of their homes to be wary of possible cyberattacks, which are rampant at vulnerable periods. According to Director, Research and Marketing of ISACA, Abuja Chapter, Mr Ime Udoko, there are increased threats of attacks to people who have adopted the Remote Work Model (RWM) Mr Udoko said on Wednesday that the COVID-19 pandemic has encouraged the use of RWM by businesses and institutions, but warned that if precautionary measures were not taken, they can be easily attacked by cyber criminals. “The RWM