Ondo State Governor, Oluwarotimi Akeredolu, has declared that the state is in serious security crisis. Governor Akeredolu made the declaration following the killing of a first class traditional ruler in the state, the Olufon of Ifon in Ose Local Government Area, Oba Isreal Adeusi, by suspected kidnappers around Elegbeka, Owo-Ifon highway. Barely 24 hours later, the wife of the governor’s Chief of Staff was abducted in Owena area of the state. In a statement issued by his Commissioner for Information and Orientation, Donald Ojogo, Governor Akeredolu described the killing of Oba Adeusi as as a heinous crime. He said: “All…
Author: YemieFash
The Central Bank of Nigeria (CBN) on Friday devalued the naira by N6 to dollar. The naira devaluation has brought the local currency closer to the exchange rate unification agenda of the apex bank as recommended by the International Monetary Fund (IMF) and World Bank. In a weekly exchange rate for disbursement of proceeds of International Money Transfer Service Operators (IMTOs) for November 30, 2020, all authorized dealers, Bureau De Change (BDC) Operators and Service Providers were advised to add N6 across all rates. The new rates pegged IMTOs sale of dollar to banks at N388 to dollar, higher than…
A former National Vice Chairman and ex-acting chairman of the All Progressives Congress, Hilliard Eta, has asked the Federal High Court in Abuja to nullify the Caretaker/Extraordinary Convention Planning Committee of the party and declare him as the Acting National Chairman of the party. The National Executive Committee of the APC had at its meeting held at the Presidential Villa on June 25, 2020 dissolved the party’s National Working Committee, led by the then National Chairman, Adams Oshiomhole. The NEC, at the meeting presided over by the President, Major General Muhammadu Buhari (retd.), set up the caretaker committee and appointed…
The secret screening of candidates to head the Economic and Financial Crimes Commission (EFCC) began in earnest on Monday – six days ago. Although it was not immediately clear which government agency is screening the candidates, dependable source close to the Presidency disclosed that “the shortlisted candidates are being screened right now.” Though the source refused to disclose whether it is the Department of State Services (DSS) or National Intelligence Agency (NIA) that is directed to carry out the screening, other indications point to an inter-security agency screening panel to make the screening multi-dimensional as every aspect of the lives…
Barcelona have reached an agreement with their players to cut salaries by €122million over the next three years, the club has confirmed. However, the Spanish giants will still pay out around €50million per season during that period on wage packets. The club has been forced to slash their budget, after LaLiga imposed a lower salary cap upon them last week. League president, Javier Tebas, enforced the measures to curb excessive spending with fans still not allowed into stadiums amid the COVID-19 pandemic. Having negotiated over a period of weeks with key figures such as Lionel Messi, Antoine Griezmann and coach…
Striking lecturers under the umbrella of The Academic Staff Union of Universities (ASUU) have agreed to resume academic activities. They accepted to call off the eight-month strike after the Federal Government increased its offer to the union to N70bn. The decision followed a meeting with the government team led by Minister of Labour and Employment, Chris Ngige, in Abuja, on Friday. Details shortly…
Governor Rotimi Akeredolu of Ondo state has presented a budget of N159billion to the state House of Assembly for the 2021 fiscal year. The Commissioner for Budget and Economic planning, Mr Emmanuel Igbasan who presented the budget on behalf of Governor Rotimi Akeredolu noted that the 2021 budget “is meant to rekindle people’s hope in the face of very serious social, economic and difficult challenges, triggered by the covid-19. Tagged “Budget of Hope, it has a recurrent expenditure profile of One Hundred and Three Billion, Twenty-One Million, Nine Hundred and Eighty Thousand, Three Hundred and Ninety- Three Naira and Thirty-Four…
The Federal Government has unveiled a portal for former N-power beneficiaries to apply for Central Bank of Nigeria (CBN) Empowerment Options. The platform, which was developed in collaboration with the CBN, will enable exited N-power beneficiaries to log on and apply for the various economic, empowerment and entrepreneurship options provided by the CBN. Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, encouraged interested exited beneficiaries of N- power to log on to the portal and provide the required additional information for possible placements into the various CBN intervention options. In a statement by the Permanent Secretary of…
The Federal Government has requested for a week break from discussion with organised labour to consult on the new petrol price increase. Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mele Kyari made the request at Thursday’s meeting with the leadership of organised labour at the Banquet Hall of the Presidential Villa, Abuja, on Thursday. Kyari told the meeting that the cooperation couldn’t unilaterally announce a reversal of the new price without consultation. It was agreed by both the labour and government team led by the Secretary to the Government of the Federation, SGF, Boss Mustapha that the…
Wife of Mr Olugbenga Ale, Chief of Staff to Ondo State governor, Rotimi Akeredolu, has been abducted by suspected gunmen. The woman was kidnapped in the Owena area of Ondo State on Thursday night. This comes barely 24 hours after kidnappers murdered Oba Adegoke Isreal Adeusi, traditional ruler of Ifon in Ose Local Government Area of the state. One of the sources told SaharaReporters that Mrs Ale was on transit when the bandits abducted her. He added that the gunmen ran into the bush after abducting the woman. “The woman was abducted at Owena along Ondo Road. “The case has…