November 25, 2019

EFCC

200 Yahoo Boys Arrested In October – EFCC

November 25, 2019 2:10 pm

The Economic and Financial Crimes Commission (EFCC), said it recorded no fewer than 200 arrests of Internet fraud suspects, popularly known as ‘Yahoo Boys’, in October alone.

The Acting Chairman of the commission, Mr Ibrahim Magu, stated this at an interactive session with newsmen on Friday in Abuja.

According to Magu, the biggest catch of the commission was Instagram celebrity, Ismaila Mustapha, a.k.a Mompha, and his Lebanese accomplice, Hamza Koudeih.

He said the suspects, who were “kingpins of an Organised Cyber Syndicate Network (OCSN)”, allegedly laundered a total of N33 billion.

Magu said: “Five wristwatches valued at over N60 million …

Nigeria’s Foreign Assets At Risk As Enron Seeks $22m Arbitration

As Economy Maintains Resilience Amid Challenges

November 25, 2019 2:10 pm

The positive Gross Domestic Product numbers achieved in the third quarter of 2019 calls for more complementary fiscal and monetary policy to enhance macroeconomic growth, writes Obinna Chima

Last week, the National Bureau of Statistics (NBS) released the Gross Domestic Product (GDP) report for the third quarter (Q3) of 2019, which showed that GDP expanded to 2.28 per cent (year-on-year), in real terms, in the period under review, compared to the 2.12 per cent recorded in the preceding quarter.

The latest GDP performance was the second highest quarterly rate recorded since 2016.

The report also showed that aggregate GDP for …

Nigeria’s Future Lies In The North Central - Saraki

Blame Saraki, Secondus For PDP’s Woes In Kogi

November 25, 2019 2:09 pm

A Chieftain of Peoples Democrat Party, PDP, in Kogi State, Mr. Toba Abraham, has fingered former Senate President, Senator Bukola Saraki, and the National Chairman of the party, Uche Secondus, as responsible for the dilemma of the party in Kogi State.

Abraham stated that the way and manner the duo were running the affairs of the state party without recourse to democratic principles led the party to its present predicament in the state

Abraham who spoke on Monday in Lokoja on the Saturday’s defection of former House of Representatives member, Sunday Karimi (Yagba Fed constituency, 2011 – 2019) from …

Burna Boy, Jidenna And Olamide To Headline REDTV Rave

November 25, 2019 10:56 am
REDTV, the fast-paced lifestyle channel that puts Africa on the global stage is about to host the 4th edition of its annual party, ‘The Redtv Rave’ on November 30, 2019. This year’s event is themed ‘The shutdown.’
The Executive Producer of REDTV, Bola Atta, who spoke excitedly about the rave, stated that they have made adequate plans to accommodate over 5,000 guests are expected.

The performing artists at this year’s rave include a headline of Burna Boy, Olamide and Jidenna. Also performing are rising star, Fireboy, Tems, Ajebutter22, SDC, BOJ,

…

FG Committed To Ideas That Will Build The Nation – Onu

November 25, 2019 10:53 am

The Minister of Science and Technology, Ogbonnaya Onu, has assured that the Federal Government is committed to ideas that will help in nation-building.

The Minister spoke on Monday at a book launch by the Managing Director and Editor-in-Chief of Sun Newspapers, Mr Onuoha Ukeh, in Transcorp Hilton Hotel, Abuja.

He commended the author for consistency holding the government accountable by being a voice for the poor.

The book being launched, with the title ‘The Powers That Be: Thoughts and reflections on people, power and politics’, attracted a host of dignitaries, with Ekiti State Governor Kayode Fayemi, Bayelsa State Governor …

Navy

Trump Fires US Navy Chief Over Handling Of Discipline Case

November 25, 2019 10:52 am
The chief of the US Navy on Sunday criticized Donald Trump after being sacked in a dispute over an elite SEAL commando whose demotion for misconduct was reversed by the president.
Richard Spencer was ousted as Navy Secretary, a civilian position, in a case that has fueled reports that the US military leadership has been angered by Trump’s interference in discipline cases.“I no longer share the same understanding with the Commander in Chief who appointed me, in regards to the key principles of good order and discipline,” Spencer said in a stinging letter published by US media.
…
Nigeria Deserves More At 60 – Gov Fintiri

Adamawa: Clear ₦115 Billion Debt, Governor To Commissioners

November 25, 2019 10:51 am

Adamawa State Governor Ahmadu Umaru Fintiri has challenged newly sworn-in state commissioners to deploy their competence to help clear up the clutter of ₦115 billion naira debt that has been piled up by the previous government.

Fintiri told the new commissioners that they have come into office at a challenging time where the state is clogged with a heavy financial burden, and that they have to be in top form to turn around the fortunes of the northeastern state.

Fintiri made the remarks at the swearing-in ceremony of new commissioners on Monday.

“It is quite remarkable for me to preside …

Senate

Senate May Pass 2020 Appropriation Bill Thursday

November 25, 2019 10:50 am

The ₦10.33 trillion 2020 budget proposal presented by President Muhammadu Buhari to the National Assembly may be passed by the upper legislative chamber on Thursday.

This is with a view to bringing the budget cycle effective 2020 fiscal year to January to December from the current May to April and the passage will be coming less than two months after the budget estimate was presented by the President to a joint session of the National Assembly on October 8.

The Senate is currently working  towards the realisation of the Thursday deadline for budget passage as its committee on Appropriation headed …

Miyetti Allah Partners Security Agency To Expose Criminals

November 25, 2019 10:48 am

The Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Nasarawa State chapter, Mohammed Hussaini, has said the association is partnering security agencies to expose criminals in the state.

The chairman stated this yesterday in an interview with the News Agency of Nigeria (NAN)  in Lafia.

According to him, the partnership is part of the collective efforts to ensure the state is rid of criminals, adding that security is everybody’s business and not that of the security agencies alone.

“The efforts have yielded a lot of results, leading to the arrest of criminals across the state.

“The kidnappers …

WikiLeaks Founder, Julian Assange Could Die – Reports

November 25, 2019 9:23 am

More than 60 doctors wrote an open letter published Monday saying they feared Julian Assange’s health was so bad that the WikiLeaks founder could die inside a top-security British jail.

The 48-year-old Australian is still fighting a US bid to extradite him from Britain on charges filed under the Espionage Act that could see him given a sentence of up to 175 years in a US prison.

In the letter to Home Secretary Priti Patel, Britain’s interior minister, the doctors call for Assange to be moved from Belmarsh prison in southeast London to a university teaching hospital.

They based their

…

Importing Fuel Now Makes No Economic Sense – OVH Energy

November 25, 2019 9:22 am

OVH Energy Marketing Limited, Oando Licensee, has said importing fuel under the current arrangement does not make economic sense for any investor.

Its Managing Director, Mr. Hubb Stockman, stated this at an interaction with energy editors on the milestones recorded by the company. He said even if forex was procured at the official exchange rate of N306 from the Central Bank of Nigeria (CBN),  such investor would end up selling at a loss in the market.

He said the development has left the Nigerian National Petroleum Corporation (NNPC) as the sole importer of petrol into the country, adding that …

Akwa Ibom Debunks Allegation Of Poor Quality Roads

November 25, 2019 9:22 am

Akwa Ibom State government has debunked claims by some House of Assembly members that roads constructed by Governor Emmanuel administration have failed.

Two members of the Assembly, Victor Ekwere and Mark Esset, had confronted the Commissioner for Works, Ephraim Inyang-Eyen with the allegation that about 97 percent of all roads constructed in local government areas by Emmanuel’s administration collapsed immediately after their inauguration.

While putting a lie to the allegation, Inyang-eyen said a problem with one or two out of the 57 roads currently being constructed across the state did not amount to 97 percent of the supposedly failed roads, …

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