Author: Chronicle Editor

The Chairman of the Social Democratic Party (SDP), Chief Olu Falae, on Tuesday said President Muhammadu Buhari is still his friend despite expressing disappointment. Falae who visited former President Olusegun Obasanjo in Abeokuta, Ogun state, to discuss, what he called, the affairs of the nation said Buhari failed to keep his campaign promises. The meeting, which held behind closed doors at the Olusegun Obasanjo Presidential Library (OOPL), lasted for about two hours. Falae, who addressed newsmen after the meeting, dismissed rumours that he had gone to consult with Obasanjo over his (Falae) presidential ambition. “The affairs of Nigeria are greater…

The abducted twins of Oba Lekan Balogun, Otun-Olubadan of Ibadanland were released today seven days after they were kidnapped. The News Agency of Nigeria (NAN) gathered that the twins, abducted seven days ago were released in Lagos on Monday afternoon by the abductors after collecting a ransom of N10 million. NAN reports that the twins have since been moved to an undisclosed hospital for medical check-up. The hitherto shattered mother had also joined them in Lagos. Balogun said the twins were released unhurt. He said that he has heard their voices, but he has not seen them. He confirmed the…

Asiwaju Bola Ahmed Tinubu, national leader of the All Progressives Congress (APC) has again blamed past civilian administrations, especially the Jonathan government, for the nation’s economic woes. The former governor of Lagos claimed that the present administration is still cleaning the rot caused by the Peoples Democratic Party-led government. Tinubu spoke at the 35th annual Aminu Kano Memorial Symposium, held in Kano on Tuesday. He was represented by Governor Abiola Ajimobi. Other speakers at the event were Mr Dapo Olorunyomi, Publisher of Premium Times, and a stalwart of the APC, Dr. Usman Bugaje. The speakers examined “Democratic governance in Nigeria…

The Senate on Tuesday summoned the Minister of Finance Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, for explanation on alleged withdrawal of 462 million dollars for purchase of helicopters from an American firm. The two ministers are currently attending the spring meetings of the World Bank and the International Monetary Fund (IMF). Also summoned by the upper legislative chamber is the Minister of Defense, Mansur Dan-Ali. The resolution of the Senate to invite the officials was sequel to a Point-of-Order raised by Chairman, Senate Committee on Ethics and Privileges, Senator Sam Anyanwu, at…

A Federal high court sitting in Lagos, Southwest Nigeria has adjourned till 2 May 2018 for the hearing of $28,728,125 suit jointly instituted by industrial mogul Oba Otudeko and Broad Communication Limited against a cellular mobile telecommunications company, Airtel Networks Limited (formerly known as Econet Wireless Nigeria Limited) and nine others. Joined as co-defendants in the ensuing legal battle are: a promoter of Econet, Jubril Adewale Tinubu, with 9, 906, 250 shares being 9.9% voting capital, O&O Network Limited, Delta Ministry of Finance Incorporated, Delta State Government, Corporate Affairs Commission, Econet Wireless Limited, Econet Development Corporation, Ecobank Nigeria Limited, Ecobank…

…As Ambode Unveils Plans To Fix Alternative Roads …Holds 11th Town Hall Meeting Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said that the State Government would immediately take over the ABAT Truck Terminal Orile-Iganmu and commence immediate repairs on the terminal as part of efforts to permanently address the perennial traffic in Apapa axis majorly caused by breakdown of operations at the ports. Governor Ambode, who disclosed this at the 2nd Quarter 2018 Town Hall Meeting, the 11th in the series, held at the Apapa Amusement Park, said he was seriously concerned about the hardship residents in the axis…

Chelsea defender Marcos Alonso has been charged with violent conduct by the Football Association for a tackle on Shane Long in a 3-2 win at Southampton. Alonso appeared to stand on the back of Long’s calf in the first half as his team trailed 2-0 on Saturday. The Spaniard now faces missing the FA Cup semi-final against the same opponents at Wembley on Sunday if the charge is upheld. He has until 18:00 BST on Wednesday to respond. If he accepts the charge, the FA Cup semi-final tie would be the second of a three-game ban for the 27-year-old, with…

The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance. The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. According to the CEO of Nigerian Stock Exchange, Oscar Onyema, UBA Plc, Seplat Petroleum Development Company Plc, Lafarge Africa Plc and Access Bank Plc were admitted on this elite platform, having fulfilled all the…

The Director General, President Muhammadu Buhari Campaign Organization, Rotimi Amaechi has appointed Festus Keyamo, SAN as the spokesperson for Buhari’s campaign in 2019. Reacting to the letter, Keyamo posted on Twitter. “With this letter below, I have just been appointed the Director, Strategic Communications (Official Spokesperson) for the President’s 2019 Presidential Campaigns. But he indicated that he had not accepted the offer. “I will be making a formal statement on this much later,” he tweeted. BREAKING: Police teargas Shiite protesters in Abuja on Day 2 In the letter written to him reads, “I am pleased to convey to you the…

Police fired teargas at Shiite Muslim protesters in Nigeria’s capital Abuja on Tuesday on the second day of clashes with demonstrators calling for their religious leader’s freedom. A day earlier, police had fired bullets to try and disperse the protesters. Organisers said at least one demonstrator was killed and several others injured on Monday. On Monday, Nigerian police fired bullets and tear gas to disperse Shiite Muslim protesters marching for their leader’s freedom in the capital on Monday. Organisers claimed that at least one demonstrator was killed and several were wounded by gunfire but the police has denied the death.…