Author: Chronicle Editor

The Police Special Fraud Unit (PSFU), has dragged Guaranty Trust Bank (GTB) Plc and two others before a Federal High Court, Lagos, over alleged $667,000, fraudulently lodged with the bank. Others joined with GTB Plc in a suit marked FHC/L/CS/586/2020, are: Albert Austine Ugochukwu and a limited liability company, Tasmara Integrated Services Limited. GTB Plc and others were brought before the court presided over by Justice Ayokunle Faji, by PSFU in a motion exparte, pursuant to section 6(6)(b), (2)(k) of the Constitution of the Federal republic of Nigeria 1999 (as amended); Executive Order 6, 2018, Section 4 of Police Act,…

The Nigerian military are unlawfully detaining boys and men at a rehabilitation centre for alleged members of the Islamist militant group Boko Haram, Amnesty International said in a report released on Wednesday. In the latest allegations of rights abuses since Boko Haram began its insurgency in Nigeria’s northeast, Amnesty criticised Operation Safe Corridor, a programme that receives financial and technical support from the European Union, Britain, the United States and the UN International Organization for Migration. Nigeria’s military did not immediately respond to requests for comment. It has repeatedly denied any wrongdoing in response to such accusations during a decade…

For the third time in a row, Dangote Group has emerged as the most admired African brand, of African continent origin by consumers. The brand is paired with the telecommunication giant, MTN in a survey of 100 Africa best brands announced in a novel global virtual event that incorporated the market openings of Kenya, South Africa and Nigeria. GTBank returns to the top spot in financial services and the United Kingdom’s BBC retains its media category ranking as the most admired media brand in separate category sub-surveys of the most admired financial services and media brands in Africa. African brands…

By Brightest Okuta One beautiful aspect of the personal life of Vice President Yemi Osinbajo is that he loves children and enjoys their company. Children love him too and his presence around them ignites a sudden happiness that is so unusual because of the spontaneity. As a clergy and the number two citizen of the country, he is a proud father (and friend) to all children in Nigeria and he has demonstrated this responsibility on countless occasions he had to meet children wherever he goes about his official duties. FG, States to work on Economic Sustainability Plan – Osinbajo He…

Pastor Osagie Ize-Iyamu has emerged the consensus candidate of the All Progressives Congress (APC) faction believed to be loyal to National Chairman of the party, Comrade Adams Oshiomhole. Ize-Iyamu, a former Secretary to Edo State Government (SSG), emerged on Tuesday night in Abuja through consensus candidate. He is expected to slug it out with Governor Godwin Obaseki for the direct primary of the party slated for June 22. He was presented by chairman of the screening committee, Senator Francis Alimikhena, the representative of Edo North Senatorial District. Other members of the screening committee were a former Edo Deputy Governor Lucky…

Leaders Bayern Munich took a big step to retaining their Bundesliga title by winning away from home at second-placed Borussia Dortmund. Joshua Kimmich’s wonderful chip from 20 yards gave Bayern the lead just before half-time after both sides had efforts cleared off the line. Dortmund brought on England’s Jadon Sancho in the second half, but he could not inspire a fightback from his side. Bayern’s win puts them seven points clear of Dortmund with six games left. Robert Lewandowski nearly doubled Bayern’s advantage late on but shot against the post. Minutes later, he and the rest of the Bayern players…

Brent crude has stabilised around $35 per barrel for about one week, raising concerns of a possible hike in petrol price in Nigeria any time soon. An analysis of global oil trading rates on Monday showed that Brent crude traded at $35.61 per barrel as of 9.32am Central Standard Time. Further findings showed that the commodity appreciated by $0.48 when compared to the previous day’s rate, although crude oil in the Organisation of Petroleum Exporting Countries basket maintained a flat rate of $28.43 per barrel on Monday. However, global oil figures showed that Brent Weighted Average in the past four…

Joe Biden attacked President Donald Trump as an “absolute fool” Tuesday for belittling his election rival over recently wearing a mask, an issue that has become a partisan flashpoint during the coronavirus pandemic. The Democratic Party’s presumptive 2020 presidential nominee had a series of choice words for the Republican incumbent, telling CNN in his first in-person interview since March that Trump has become increasingly erratic. The interview, conducted in Biden’s garden and with social distancing measures in place, followed Memorial Day ceremonies Monday in which Biden wore a mask and Trump was bare-faced. Trump retweeted a photograph of Biden and…

Twitter labelled two Donald Trump tweets “unsubstantiated” and accused him of making false claims Tuesday, a first for the social network which has long resisted calls to censure the US president over truth-defying posts. The move drew a furious response from Trump, who used the platform to accuse Twitter of “interfering in the 2020 Presidential Election.” “Twitter is completely stifling FREE SPEECH, and I, as President, will not allow it to happen!” he tweeted. The social media giant targeted two tweets the president posted on Tuesday in which he contended without evidence that mail-in voting would lead to fraud and…

The acting Managing Director, Niger Delta Development Commission (NDDC), Kemebradikumo Pondei has suggested the National Assembly padded the commission’s 2019 budget with over 500 non-existing projects. Mr Pondei made the disclosure on Tuesday while addressing journalists in Port Harcourt, Rivers State while making clarifications on allegations of corruption levelled against the Interim Management Committee (IMC). The acting managing director said that billions of naira was appropriated for the non-existing projects. He said the interim management committee made the discovery while investigating the 2019 appropriation to the commission. The News Agency of Nigeria (NAN) reports that President Muhammadu Buhari had in…