Author: Chronicle Editor

Gross Earnings Crosses the N0.5 trillion mark Contributions of Ex-Nigeria operations’ now at 46% Proposes Final Dividend of N.80 United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 2019, recording impressive growth across top and bottom lines. According to the 2019 financials filed at the Nigerian Stock Exchange (NSE) on Friday February 28, 2020, the Africa’s global bank’s gross earnings grew by 13.3 percent to N559.8 billion, compared to N494.0 billion recorded in the corresponding period of 2018. The bank’s total assets also grew significantly by 15.1 percent to an unprecedented N5.6 trillion for…

The Lagos chapter of the All Progressives Congress (APC) has described the 2023 presidential ambition of Chief Bode George of the Peoples Democratic Party (PDP) as a dreamy Nollywood ambition. In a statement signed by Seye Oladejo, Lagos state APC spokesman, the attention of the ruling party has been drawn to the purported presidential ambition of Chief Bode George through series of newspaper interviews. “The dreamy Nollywood ambition itself would ordinarily not have been dignified with a response but for his focus on his political nemesis, Asiwaju Bola Ahmed Tinubu,” the statement read. “It’s apparent from the various interviews that…

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Friday, February 28, 2020 arraigned one Noah Adesoyin before Justice Sherifat Solebo of the Special Offences Court, Ikeja, Lagos State on one-count charge of stealing to the tune of N24, 000, 000.00 (Twenty-four Million Naira) belonging to one Noel Abdullahi. The defendant allegedly defrauded the victim when the victim approached him for the purchase of one of his properties: a two-bedroom flat under construction, situated at Cornelius Odinjor Cresent, Chevy View Estate, Chevron, Lagos State for agreed price of N25 million. The victim allegedly paid the sum of N24…

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on Friday, February 28, 2020 arraigned one Ngozi Philomena Okoye and her company, Menoil Oil and Gas Limited before Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos State on a two-count charge bordering on obtaining goods by false pretence and stealing to the tune of N349, 000, 000. 00 (Three Hundred and Forty Nine Million Naira) belonging to one Frank Karkitie, Director of Enegas Power Limited. The defendant allegedly purchased two million litres of Automative Gas Oil, AGO on credit from the victim (Frank Karkitie) using her company and promised…

VP receives UN Joint Monitoring Mission on Non-Communicable Diseases & Tuberculosis Vice President Yemi Osinbajo has explained that increasing funding towards improving the healthcare sector and ensuring the well-being of Nigerians remain a priority for the Buhari administration, even as it continues to ramp up efforts to effectively tackle non-communicable diseases and Tuberculosis and safeguard the lives of Nigerians. Prof. Osinbajo said this when he received at the Presidential Villa on Friday a delegation of the Joint United Nations Programming Mission on Non-Communicable Diseases (NCDs) and Tuberculosis, who are on a visit to Nigeria. The UN delegation was led by…

The Insight by Lateef Adewole “A clear conscience fears no accusation”. It was interesting watching the vigour with which our honourable members of the House of Representatives debated the issue of immunity for the presiding officers of the National Assembly (NASS) on Tuesday. The bill was sponsored by Hon. Odebunmi Olusegun (APC-Oyo). It proposed an amendment to Section 308 of the 1999 constitution (as amended), which provides immunity for the president, vice president, governor and deputy governor, from being arrested and prosecuted for criminal and civil offences while in office. We know that the bill’s presentation was like the biblical…

Leading cement manufacturer, Lafarge Africa Plc, has identified to that had contact with an Italian, who was the first case of coronavirus in Nigeria. The unnamed Italian had visited the company’s plant in Ewekoro, Ogun state on Wednesday. Folashade Ambrose-Medebem, a spokesperson of the company, has now disclosed that others who had contact with him have been identified. “The Lagos State Government has reported a first case of n-COVID19 (Coronavirus) in Nigeria. “The individual concerned works for a vendor that provides services to Lafarge Africa Plc in Ogun State,” the statement read. Naira Marley knows fate on evidence against him…

Justice I. Nicholas Oweibo of the Federal High Court, Ikoyi, Lagos on Friday, February, 2020, adjourned till May 13, 2020 for ruling on the admissibility of documents brought before the court  in evidence against  Azeez Fashola, a.k.a Naira Marley and for continuation of the entertainer’s trial for his alleged involvement in credit card fraud. Naira Marley is standing trial on an 11-count charge of conspiracy and credit card fraud, preferred against him by the Economic and Financial Crimes Commission, EFCC. At the resumed sitting today, February 28, 2020, the prosecution through its second prosecution witness (PW2), Augustine Anosike, an investigator…

The audience participatory radio programme, “Have Your Say” has been resuscitated by the Federal Radio Corporation of Nigeria (FRCN) to educate, enlighten and project the policies of the Buhari administration to the citizenry. Introduced during the first term of the administration, “Have Your Say” offers a national radio platform for Nigerians to interact with key government officials including Ministers and heads of MDAs on various programmes and policies of the administration. The programme engages Nigerians from across the country and provides a feedback mechanism, where the government can measure the impact of its programmes. The programme runs every Thursday on…

The Lagos State Government has raised its level of response to coronavirus (COVID-19) incident, following a reported case of a patient diagnosed with the infectious viral disease in the State in the early hours of Friday. This is coming, just as the Chief Incident Commander and the State Governor, Mr. Babajide Sanwo-Olu, allayed fears of residents on spread of the virus. The Governor also offered more information on how the patient was identified and efforts currently being made to prevent the spread of the virus. The patient, Sanwo-Olu said, is an Ogun State-based expatriate who flew into Lagos from Milan…