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Former CBN Governor Denies Printing New Naira Notes Worth N18.96 Billion

15May

By Adebayo SheriffNo Comments

Press

Former CBN Governor Denies Printing New Naira Notes Worth N18.96 Billion

Godwin Emefiele, the former Central Bank of Nigeria (CBN) governor, entered a plea of not guilty on Wednesday in response to accusations of approving the printing of N684.5 million with a value of N18.96 billion. Emefiele made this plea during his arraignment by the Economic and Financial Crimes Commission (EFCC) on four counts before Justice Maryann Anenih of the FCT High Court in Abuja. The EFCC, in the four counts against him, alleged that Emefiele intentionally disregarded the law to harm the public while executing the naira swap policy of former President Muhammadu Buhari's administration. Additionally, the anti-graft agency accused Emefiele of illicitly authorizing the withdrawal of N124.8 billion from the Federation’s Consolidated Revenue Fund. Further d...

NEWS ALERT: Emefiele secures N300m bail in latest criminal proceeding

15May

By Mariam AbdullahiNo Comments

News

NEWS ALERT: Emefiele secures N300m bail in latest criminal proceeding

Former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has been granted a N300 million bail by the Federal Capital Territory, FCT, High Court in Maitama. This comes after he was arraigned on a four-count charge related to the unauthorized printing of new Naira notes. Emefiele pleaded not guilty to the charges brought against him by the Economic and Financial Crimes Commission, EFCC. As part of the bail conditions, he is required to provide two sureties, each owning titled property within the Maitama area of FCT. Justice Anenih mandated that Emefiele surrender his travel documents to the court and obtain court permission before traveling abroad. The bail conditions mirror those set by Justice Hamza Muazu in a separate criminal case against Emefiele in the FCT High Court....

LaLiga President, Javier Tebas, Picks His ‘GOAT’ Between Messi and Ronaldo

15May

By Ofomata EdidiongNo Comments

Sports

LaLiga President, Javier Tebas, Picks His ‘GOAT’ Between Messi and Ronaldo

The ongoing debate of who is the greatest of all time between Lionel Messi and Cristiano Ronaldo has received input from La Liga president, Javier Tebas. In his assessment, Tebas acknowledged both players as being among the finest in the history of football but notably placed the Inter Miami forward as his top choice over the Portugal captain. His sentiments were expressed during a recent interview with Juan Jose Buscalia from DSports. "Lionel and Cristiano are without a doubt two of the greatest players in history, with Messi being my top pick. While players are significant, they are not the sole defining factor of a competition," Tebas shared. He further commented, "The continuous excellence displayed by Messi and Cristiano from a young age, maintaining peak performance over...

The EFCC clarifies its stance on banning foreign missions’ financing

15May

By Mariam AbdullahiNo Comments

News

The EFCC clarifies its stance on banning foreign missions’ financing

Addressing concerns, the Economic and Financial Crimes Commission (EFCC) emphasized that it does not have the authority to dictate or prohibit foreign missions on managing their finances. During an interview with Arise Television, the Acting Director of Public Affairs for the EFCC, Wilson Uwujaren, highlighted the agency’s perspective. Uwujaren expressed, "The EFCC does not possess the jurisdiction to intervene in how foreign missions handle their finances or instruct them on their financial operations." Recognizing the diplomatic privileges that foreign missions hold as representatives of their respective countries under international law, Uwujaren emphasized that the EFCC respects these privileges and refrains from encroaching on them. He stated, "It is outside the scope of the EFCC'...

15May

By Ofomata EdidiongNo Comments

Metro

EFCC Enugu Division Apprehends 23 Suspected Internet Frauds

The Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC, made a breakthrough on Wednesday with the seizure of 23 individuals believed to be involved in internet fraud in Enugu State. In a statement released by the Commission, it was revealed that the suspects, located in Igboeze, Nsukka, and Enugu metropolis, were apprehended on May 10, 2024. The arrests were conducted based on actionable intelligence received regarding their alleged illicit online activities. Among the confiscated items were three vehicles, mobile devices, laptops, a Point Of Sale (POS) machine, and various potentially incriminating documents. The EFCC further stated that the suspects will face legal proceedings once investigations are finalized.

Insight: The Handling of Zazzu Singer by Police Officers Upon Arrest [VIDEO]

15May

By Isaac EghosaNo Comments

Entertainment

Insight: The Handling of Zazzu Singer by Police Officers Upon Arrest [VIDEO]

Incident captured on video presents a depiction of the treatment of renowned artist, Habeeb Okikiola, known as Portable, during his detainment by members of the Nigeria Police Force, NPF. A viral clip exhibited the singer being manhandled by the police officials following an attempt to evade them. Recently, the Lagos State Police Command detained the Zazzu artist due to his reluctance in settling a debt accrued from the purchase of a Mercedes G-Wagon from a local car vendor in the state. Speaking on Portable’s apprehension, the spokesperson for the Command, Benjamin Hundeyin, disclosed that the artist had only remitted N13 million out of the N27 million owed for the vehicle, and has made no effort to pay the remaining N14 million. Hundeyin further elaborated that whenever the car deal...

Ekiti Governor Oyebanji Offers 50% Subsidy on Improved Oil Palm, Cocoa, and Cashew Seedlings for Farmers

15May

By Mariam AbdullahiNo Comments

News

Ekiti Governor Oyebanji Offers 50% Subsidy on Improved Oil Palm, Cocoa, and Cashew Seedlings for Farmers

Governor Biodun Abayomi Oyebanji of Ekiti State has given his approval for a 50% subsidy on oil palm, cocoa, and cashew seedlings that will be provided to farmers in the state during this planting season. The State Commissioner for Agriculture and Food Security, Mr Ebenezer Boluwade, shared this information in a statement released to the press in Ado-Ekiti. He mentioned that this initiative is part of the strategic efforts by the Oyebanji administration to generate employment, foster wealth creation, and revive the state's agricultural sector to its former glory, particularly during the 1970s when Ekiti State was renowned worldwide as a leading cocoa producer in Nigeria. The goal of the program is to rejuvenate the sector by replacing aging trees in existing plantations and those that ...

NNL and FRCN Collaborate for Live Broadcast of Super Eight

15May

By Ofomata EdidiongNo Comments

Sports

NNL and FRCN Collaborate for Live Broadcast of Super Eight

An agreement has been reached between the Nigeria National League and the Federal Radio Corporation of Nigeria, FRCN, to provide live commentaries for all the Super Eight playoff matches. In a conversation with NNL Media, the league's chairman George Aluo shared the news about this partnership. This arrangement aims to allow Nigerians to closely follow the games from start to finish. He praised the largest radio network in Africa for coming on board for this initiative. Expressing his excitement about the collaboration, Aluo mentioned that, for the first time ever, FRCN will be broadcasting their matches live. He elaborated on the significance of this move, emphasizing that football enthusiasts in even the most remote villages across the nation will now have access to live coverage of...

Approval granted for BUA Cement’s N120bn funding for the restoration of Lokoja-Benin road

15May

By Mariam AbdullahiNo Comments

News

Approval granted for BUA Cement’s N120bn funding for the restoration of Lokoja-Benin road

Rehabilitation of the Okpella section of the Lokoja-Benin road and other sections has received the nod from the Federal Executive Council (FEC). Under Nigeria’s government tax credit scheme, BUA Cement will be funding the project with N120 billion. After the FEC meeting on Tuesday, the disclosure was made by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, via his official X handle. Following the approval at the FEC meeting, contracts were awarded for the equalisation of the Lokoja-Benin Road, Okpella Section, Lokoja-Benin, Dualised Auchi Section -Uromi Link Road, and Lokoja-Benin Road, Ekpoma Section,” revealed Onanuga. He added, “A fuel tanker recently submerged in water on this route, prompting villagers to swim to rescue the individuals aboard. BUA C...

Godwin Emefiele denies allegations of printing N684 million notes with N18.96 billion

15May

By Mariam AbdullahiNo Comments

News

Godwin Emefiele denies allegations of printing N684 million notes with N18.96 billion

Accused of printing N684 million notes with N18.96 billion, former Central Bank of Nigeria governor, Godwin Emefiele, pleaded not guilty to the four-count charge on Wednesday. Emefiele's plea of not guilty came after he was presented before Justice Maryann Anenih at the Federal Capital Territory High Court in Abuja by the Economic and Financial Crimes Commission (EFCC). The charges brought against him include claims that he violated the law during the implementation of the naira swap policy of former President Muhammadu Buhari's administration, and also of approving the unlawful withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation. This recent arraignment adds to the two existing charges against Emefiele. In November 17, 2023, he faced a six-count cha...