The Central Bank of Nigeria (CBN) has insisted that it followed the law and due process in the ongoing Naira notes redesigning exercise, which it said was 12 years due. Its position was contained in a note sent to the media in the early hours of this morning in an apparent response to claims by the Minister of Finance, Budget and National Planning, Zainab Ahmad, that her ministry was not carried along by the CBN in the exercise. The bank’s spokesman, Mr Osita Nwanisobi, expressed surprise at the minister’s claim, stressing that the CBN remains a very thorough…
Author: YemieFash
The chairman of the Independent National Election Commission, Professor Mahmood Yakubu, has said that the commission lacked the power to force any electoral candidate to attend a debate. Yakubu who made this known during the quarterly consultative meeting with media executives in Abuja said that debates are democratic rights and cannot be forced on any candidate and that there were, however, “unspoken consequences” for those who failed to attend. The INEC boss made the statement at the quarterly consultative meeting with media executives in Abuja noted that debates are democratic rights and cannot be forced on any candidate. He also…
Two Majors and 32 Brigadier Generals who retired in 2019 were on Friday honoured with the ceremonial pulling-out ceremony by the Nigerian Army Medical Corps (NAMC). The glamorous event which was held at the Bonny Cantonment, Victoria Island Lagos, was in recognition of their meritorious and unblemished over three decades of service to the country. Speaking at the ceremony, the former Corps Commander, Medical, Maj.-Gen. Ikechuckwu Okeke (rtd) said it showed the army and the NAMC still value the age-long military tradition that appreciates team contribution. He expressed gratitude to the Chief of Army Staff (COAS), Lt.-Gen. Faruk…
A yet-to-be-ascertained number of travellers have reportedly been kidnapped on the popular Lagos-Ibadan Expressway, South-West Nigeria. It was learnt that the incident which happened around Dominion University on Friday evening created tension, as many motorists turned back. “I can confirm some motorists have just been kidnapped near Dominion University, Ibadan. Many vehicles had to turn back but the road is free as I am talking to you,” a source said. “I saw three vehicles with their doors wide open and not a single person was found inside the three vehicles and there is no trace of where they…
Elon Musk, the billionaire founder of Tesla Inc., has sacked three top Twitter executives. The development is coming less than a day after completing the acquisition of Twitter, and also after Musk promised not to fire 75 percent of Twitter staff. The top executives sacked include; Parag Agrawal, chief executive officer; Ned Segal, chief financial officer; and Vijaya Gadde, the firm’s top legal and policy executive. One of the executives, Gadde, was said to have been fired for playing a major role in the ban of Donald Trump, former president of the United States of America, from…
The CBN has spent N281.07 billion to print bank notes between 2016 and 2020 and another N3.88 billion to destroy mutilated notes within the same period. Data from the apex bank showed that N33.37 billion had been used to print new notes in 2016, the amount expended increased to N49.52 billion and N64.04 billion 2017 and 2018. By the end of 2019, N75.52 billion had been spent on printing new naira notes as the amount spent declined in 2020 to N58.07 billion. Within the same five year period, the central bank spent N3.88 billion to destroy N4.197 trillion. N1.44 billion…
The Economic and Financial Crimes Commission (EFCC) has said it will go after anyone who buys the votes from the electorate to compromise the 2023 general election. EFCC Chairman Abdulrasheed Bawa said this while addressing reporters after defending the agency’s 2023 budget before the Senate Committee on Anti-Corruption and Financial Crimes. The chairman said the commission would collaborate with the Independent National Electoral Commission (INEC) to ensure that Nigerians, especially the politicians, comply with the Electoral Act. Bawa said: “The Electoral Act has already made provisions for what is financially acceptable in campaign financing, and I think that is the law of…
The presidential candidate of the Labour Party (LP), Mr Peter Obi, says Nigeria will regain its pride position in Africa if he is elected as president in 2023. Obi said this in his tweet to commend his Tanzanian supporter who placed the party’s flag on mount Kilimanjaro. Newsmen report that a Tanzanian LP supporter, identified as OGersh, climbed Africa’s tallest mountain, Kilimanjaro, for 10 and a half hours to mount the party’s flag at Uhuru Peak. Obi commended him for his efforts and said, “thank you for taking our OBIdient message to the peak of mount Kilimanjaro. “It must have…
A federal high court in Umuahia, Abia state, has ordered the federal government to return Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), to Kenya from where he was extradited to Nigeria in June 2021. The court also ordered the government to pay Kanu the sum of N500 million as damages for his illegal abduction and violation of his fundamental human rights. More to follow…
The Osun State Governor, Adegboyega Oyetola, has approved the release of the sum of N377,120,472.20, for the payment of the fourth round of gratuity to pensioners of primary school extraction. This was disclosed in a statement obtained in Osogbo on Wednesday and signed by the state Head of Service, Dr. Festus Oyebade. The statement also said payment of the beneficiaries would commence on Thursday. It further read in parts, “the total no of beneficiaries is 1,887 at a gross amount of N377,120,472.20. “The list will be posted on the notice boards of the Local Government Pensions Bureau…