SERAP Drags Buhari to Court for Missing N11trn Electricity Funds

By Adedapo Adesanya Operatives of the National Drug Law Enforcement Agency (NDLEA) have uncovered illicit substances bound for Europe, the United Arab Emirates and Asia. Disclosing this in a statement on Sunday, NDLEA spokesman, Mr Femi Babafemi, said the illicit substances intercepted included various quantities of methamphetamine and opioids concealed in hems of new jeans trousers, dolls, buttons, local soap and tins of milo beverage. He noted that the operation was carried out by operatives of the Directorate of Operations and General Investigation (DOGI) at courier houses in Lagos, he said some of the items seized included tramadol 225mg concealed

 By Adedapo Adesanya The Cross River Government has entered into a partnership with Oando Clean Energy on the provision of wind power in the state. Signing the Memorandum of Understanding (MoU) at the ongoing climate conference, known as COP28, in Dubai, Governor Bassey Otu of Cross River State said the collaboration signified the commitment of the state to spearhead the green economy, which he described as a significant milestone in his development objective for the state. Represented by the state Commissioner for Special Duties and Inter-Governmental Relations, Mr Oden Ewa, the Governor said the strategic deal with the energy company

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Modupe Gbadeyanka One of the lenders in Nigeria, Heritage Bank, has reacted to reports making the rounds that its employees were involved in a N150 million fraud in connivance with agents of MTN Nigeria. Yesterday, the Special Fraud Unit of the Nigeria Police Force in Lagos paraded three bankers suspected to have hacked into bank accounts of customers and diverting a total sum of N150 million in the process. The bankers were Oyelade Shola-Isaac (32), Osuolale Hammid (40), and Akeem Adesina (33). They were shown to the media along with eight other suspects in connection with the fraud. Three

By Modupe Gbadeyanka Over the weekend, more than 4,000 talented singers were at the Colossus Hotel, Ikeja, Lagos, to audition for the Nigerian Idol season 7 music reality show and become to latest music celebrity like the season 6 winner, Kingdom. The budding music acts were there to fight for a spot in the top 500 contestants who will emerge from the live audition to the next stages. The 500 contestants would be judged again and pruned down to 250 contestants. Only 50 contestants will proceed to theatre week out of the 250 contestants, and the 50 contestants will be

By Modupe Gbadeyanka In order not to have their career progression hampered, the Lagos State government has charged the over 700 newly recruited healthcare workers to be of good conduct and avoid practices inimical to their professional ethics. From October – December 2020, the Lagos State Governor, Mr Babajide Sanwo-Olu, approved the appointment of 774 new healthcare employees to complement work delivery across the 27 public health facilities of the state. On Tuesday, they were inducted by the Lagos State Health Service Commission via a virtual induction training programme geared towards educating them on ethics and ethos guiding the public

An experienced lithium mine operator, Mr Keith Muller, has been hired as the new chief executive of Atlantic Lithium Limited, the lithium exploration and development company working to deliver Ghana’s first lithium mine. The appointment of Mr Muller signals an important step in developing its flagship Ewoyaa Lithium Project in Ghana’s Central Region. He would be expected to use his experience of two decades in the mining industry, particularly in hard rock lithium mining and processing, to take the organisation to a greater height. The new CEO will focus on minimising the footprint of the proposed Ewoyaa mine, ensuring transparency

By Adedapo Adesanya The Naira appreciated against the Dollar on Tuesday by 0.16 per cent or 67 kobo at the Investors and Exporters (I&E) segment of the foreign exchange market. At the spot market yesterday, the domestic currency went for N416.00/$1 as against N416.67/$1 it was transacted at the previous trading day. Business Post reports that the local currency regained strength during the session despite a 24 per cent or $18.39 million increase in the value of FX transactions. Data from the FMDQ Group showed that the turnover for Tuesday was $95.17 million compared with the $76.78 million printed on

By Modupe Gbadeyanka The final report of the European Election Observation Mission (EU EOM) to Nigeria on the 2023 general elections has continued to generate reactions. The latest to comment on the report is the Conference of Nigeria Political Parties (CNPP), which threw its weight behind the content of the findings. In a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, the CNPP noted that “the observations and recommendations should be commended as major international contributions to the deepening of democracy in Nigeria.” It said, “Those who are kicking against the report are doing so based on

By Modupe Gbadeyanka Mr Richard Ododo has been chosen to be the next Managing Director/Chief Executive Officer of Standard Alliance Insurance Plc. This followed the resignation of the former occupier of the same position, Mr Bode Akinboye, after meritoriously serving the company for four years. “The board of Standard Alliance Insurance Plc is pleased to inform the Nigerian Stock Exchange (NSE), its shareholders, the investing public and other stakeholders of the appointment of a new Managing Director/Chief Executive Officer, Mr Richard Ododo following the resignation of the former Managing Director/CEO, Mr Bode Akinboye, after meritoriously serving the company for four

By Modupe Gbadeyanka The first flour milling company in the northern part of the country, Northern Nigeria Flour Mills Plc, has released its financial statements for the year ended March 31, 2017. In the results analysed by Business Post, fortunes of the firm continued to nosedive when compared with its performance in the last five years. The flour miller declared a loss after tax of N16.234 million majorly caused by the N16.639 million it paid as tax during the year. A year ago, the company had declared a loss of N197.240 million as well as N199.558 million decline in 2015.