Wednesday, May 29

Former CBN Director Claims Emefiele Redesigned Naira Without Approval
29May By Mariam AbdullahiNo Comments
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Former CBN Director Claims Emefiele Redesigned Naira Without Approval

The trial of Godwin Emefiele, the former Governor of the Central Bank of Nigeria, revealed that the naira redesign initiative undertaken by him in late 2022 was not sanctioned by the Committee of Governors. Emefiele was charged by the Economic and Financial Crimes Commission on May 15, before Justice Maryanne Anenih of the Federal Capital Territory High Court, over allegations of unauthorized redesign and printing of new naira notes. According to the EFCC, Emefiele spent N18.96bn on the printing and swapping of new naira notes worth N684.5m without the necessary approvals from the CBN Board and President Buhari. The EFCC further alleged that Emefiele disregarded the direction of the CBN Act by approving the printing of N375,...
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Public Hearing on Consumer Rights Bill Conducted by Imo Assembly
29May By Mariam AbdullahiNo Comments
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Public Hearing on Consumer Rights Bill Conducted by Imo Assembly

A significant event took place at the Imo State House of Assembly as they conducted a public hearing on the proposed Consumers’ Rights Protection Bill. This bill aims to strengthen consumer rights within the state. Various stakeholders, including consumer rights advocates, business owners, and government officials, were present at the hearing held at the state House of Assembly complex. During the public hearing, participants discussed the urgent need for robust consumer protection measures, especially due to the widespread circulation of counterfeit goods in the state. Concerns were also raised about product authenticity, defects, and consumer exploitation. Mr. Johnleoba Iheoma, the chairman of the House Committee on Commerce and Industry, highlighted the bill’s importance for the...
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Jimoh Ibrahim Withdraws Lawsuit Following Tinubu’s Intervention and Aiyedatiwa’s Plea
29May By Mariam AbdullahiNo Comments
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Jimoh Ibrahim Withdraws Lawsuit Following Tinubu’s Intervention and Aiyedatiwa’s Plea

The sudden withdrawal of the lawsuit filed by Jimoh Ibrahim, the senator representing Ondo South Senatorial District of Ondo State, challenging Governor Lucky Aiyedatiwa's emergence as the APC governorship candidate for the November 16 election, was influenced by key figures. Aiyedatiwa emerged victorious over Ibrahim and 14 other contenders in the April 20 APC governorship primary in Ondo State. Despite allegations of manipulation during the exercise, Aiyedatiwa initially took legal action by filing a lawsuit at the Federal High Court in Abuja, seeking to nullify his own candidacy and calling for a fresh poll. In response to the APC's plea, the lawsuit was transferred from Abuja to the Akure division of the court on the order of Chief Judge...
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Father of British-Nigerian descent alleges daughter’s body was cremated to hide evidence
29May By Mariam AbdullahiNo Comments
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Father of British-Nigerian descent alleges daughter’s body was cremated to hide evidence

Oladapo Ogundipe, a Nigerian entrepreneur, has disclosed that his daughter, Alanis, who died by suicide on May 29, 2023, in the United Kingdom, had her body cremated before a forensic autopsy could be carried out to determine the cause of her death. Alanis reportedly took her own life after allegedly facing blackmail from her boyfriend, Ryan Leggetts. The 26-year-old accountant is said to have committed suicide by jumping in front of a moving train at a station in Manchester, UK. Oladapo, the father of the deceased, revealed that the incident occurred after Leggets allegedly hacked into her phone, copied her documents, and threatened to expose her private information to the public. Add...
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Court orders create confusion over Sanusi saga as Bayero remains
29May By Mariam AbdullahiNo Comments
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Court orders create confusion over Sanusi saga as Bayero remains

In Kano, conflicting court orders on the battle for the Kano Emirate throne between Emir Muhammadu Sanusi II and deposed Emir Aminu Ado Bayero led to confusion on Tuesday. While Justice S. Amobeda of the Federal High Court, Kano, directed the Inspector-General of Police, Kayode Egbetokun, and the Kano State Commissioner of Police, Hussain Gumel, to ensure Ado Bayero receives all rights and privileges of an Emir, Justice Amina Aliyu of the Kano State High Court restrained the security forces from removing Muhammadu Sanusi II from the palace. Despite the conflicting rulings, Bayero ignored the state high court's order to vacate the mini palace in the Nasarawa area, with the police and army increasing security around the mini-palace instead. ...
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<em>Despite crisis, government under Fubara’s administration continues to deliver democracy dividends – Fubara</em>
29May By Mariam AbdullahiNo Comments
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Despite crisis, government under Fubara’s administration continues to deliver democracy dividends – Fubara

In the midst of the ongoing political turmoil in Rivers State, Governor Siminalayi Fubara maintains that his administration remains steadfast in providing benefits to the people. He credits this endurance to the grace of God and the unwavering support from former governor Dr. Peter Odili and elder statesman Senator John Mbata. Acknowledging the achievements attained thus far, Fubara attributes them to divine intervention guiding the government towards the right path and giving him the strength to persevere. The governor expressed these sentiments during a state banquet held to mark his first year in office and the 57th anniversary of Rivers State's founding at the Government House in Port Harcourt on Monday night. Communicated through the Chief Press Secretary, Nelson Chukwudi, Fub...
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About Biafra Heroes Day as per Iwuanyanwu
29May By Mariam AbdullahiNo Comments
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About Biafra Heroes Day as per Iwuanyanwu

In response to the planned Biafra Heroes Day by the separatist Indigenous People of Biafra, Ohanaeze Ndigbo President-General, Chief Emmanuel Iwuanyanwu, stated that the organization has not formally received any notice regarding the event. IPOB has declared May 30th as a day for the sit-at-home protest across the five South-East states, honoring Igbo individuals who lost their lives during the 1967-1970 civil war. Despite the announcement by IPOB for a shutdown in the region on May 30th, Ohanaeze claimed unfamiliarity with the specifics of the statement and requested time to review it closely. An anonymous Ohanaeze chieftain expressed concerns about the frequent sit-at-home directives, citing disruptions to daily activities and potential risks for exam-taking students,...
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Atiku Abubakar Proposes Six Strategies to Revamp Tinubu’s Economic Policies
29May By Mariam AbdullahiNo Comments
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Atiku Abubakar Proposes Six Strategies to Revamp Tinubu’s Economic Policies

On Tuesday, the 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, criticized President Bola Tinubu's policies, stating that they have not led to prosperity but instead have impoverished the poor and bankrupted the wealthy. Atiku outlined six recommendations for President Tinubu to consider in order to enhance the effectiveness of the current administration. President Tinubu, who began his tenure on May 29, 2023, under the agenda of Renewed Hope for Nigeria, is commemorating his first year in office today. In a statement released on Tuesday, Atiku assessed the administration's performance over the past year, criticizing the lack of a comprehensive economic remodeling plan and the implementation of a patchwork of poli...
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The Minister of Education Summoned by the Senate Regarding Stranded Foreign Scholars
29May By Mariam AbdullahiNo Comments
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The Minister of Education Summoned by the Senate Regarding Stranded Foreign Scholars

In response to the difficulties faced by Nigerian students abroad, the Senate has called on the Federal Government to impose sanctions on officials accountable for their hardships. The Minister of Education, Prof. Tahir Mamman, and the Federal Scholarship Board leadership have been summoned by the Senate due to delays in disbursing overdue grants to the students. Additionally, Tahir has been requested to deliver a comprehensive report on the status of all Nigerian students under international scholarship programs, including a breakdown of their outstanding entitlements. During Tuesday's plenary session, the Senate directed its President, Godswill Akpabio, to conduct a thorough investigation into the situation and ensure prompt corrective acti...
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Report: Foreign Inflow to NGX Saw a Drop in April
29May By Mariam AbdullahiNo Comments
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Report: Foreign Inflow to NGX Saw a Drop in April

In April, the Nigerian Exchange Limited experienced a 19.14% decrease in foreign inflow, totaling N42.58bn compared to N52.66bn in March as per the Domestic & Foreign Portfolio Investment Report of Nigerian Exchange Limited for April. Conversely, foreign outflow surged by 88.10% to N78.25bn from N41.60bn in March, reflecting a continued tepid interest from foreign investors in the local equity market. This decline follows a trend observed since the start of the year, with foreign outflow steadily rising from N37.33bn in January to N40.88bn in February. Overall, foreign transactions in April recorded a 28.19% increase to N120.83bn compared to N94.26bn in the previous month. The local stock market faced losses of about N3.54tn in April due...
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