Author: Chronicle Editor

-VP lists housing, renewable energy financing as priority for banking & finance sector -Adds: Job creation, poverty reduction should be target Vice President Yemi Osinbajo says that over the years, the banking sector has played a major role in the economy, however, due to the emergence of new challenges, the sector must implement more transformative projects such as housing and renewable energy, among others, in ways that will increase job opportunities and alleviate poverty. Prof. Osinbajo stated this today in Abuja at the opening session of the 14th Annual Banking and Finance Conference themed “Economic Recovery, Inclusion, and Transformation, the…

Manchester United conceded a dramatic stoppage-time goal as they lost to Young Boys despite Cristiano Ronaldo scoring on his Champions League return for the Red Devils. Ronaldo, who became the joint all-time Champions League appearance holder on his 177th appearance in the competition, fired United ahead after an exquisite pass from fellow Portuguese Bruno Fernandes. United played for almost an hour with 10 men after Aaron Wan-Bissaka’s dangerous challenge on Christopher Martins earned the defender a straight red card. They looked set to hang on for a point in an entertaining match after Cameroon winger Moumi Ngamaleu’s equaliser, but a…

The Economic and Financial Crimes Commission, EFCC, has warned hotel owners across the country to be wary of allowing internet fraudsters to congregate or hibernate around their facilities. The Commission gave the warning on Tuesday September 14, 2021 on the heels on an operation by the Ibadan Zonal Command of the agency that led to the arrest of 56 suspected internet fraudsters in Abeokuta, Ogun state. The suspects include: Garfar Olamide Taiwo, Fadimaye Habeeb, Badmus Idris, Samuel Victor, Seun Fuad, Alli Isaac, Oyeleke Mubarak, Bolu Soetan, Koleosho Eniola, Saheed Abidemi, Olaewe Tosin, Ayedun Idowu, Oniyitan Ayomide, Akinlabi Precious, Gbadebo Sultan,…

President Muhammadu Buhari has sent a formal request to the Senate, seeking approval of an external loan amounting to over $5billion, to fund projects captured under the 2018-2021 borrowing plan. The letter dated 24th August, 2021 was read during plenary by the Senate President, Ahmad Lawan. Buhari in the letter explained that the projects listed in the 2018-2021 Federal Government Borrowing Plan are to be financed through sovereign loans from the World Bank, French Development Agency (AFD), China-Exim Bank, International Fund for Agricultural Development (IFAD), Credit Suisse Group and Standard Chatered/China Export and Credit (SINOSURE) in the total sum of…

-Demands quick implementation of PIA The Senate President, Ahmad Lawan, has stated that the biggest challenge faced by Nigeria is the issue of insecurity which must be given top priority and mitigated by constant engagement between the Executive and Legislature. Lawan stated this on Tuesday in a speech delivered to welcome Senators back from the upper chamber’s two-month annual recess. According to him, efforts must be made to sustain the fight against insecurity by ensuring adequate funding for security agencies in the 2022 budget to be submitted by President Muhammadu Buhari later this month to the National Assembly for consideration. He…

President Muhammadu Buhari has sent two bills to the senate that will ultimately control the proliferation of arms and regulate the importation and exportation of explosives in the country. The bills are: the Control of Small Arms and Light Weapons Bill 2021; and Explosives Bill 2021. The transmission of both bills were accompanied by two separate letters dated the 26th and 27th August, 2021, respectively. The letters were read during the commencement of plenary by the Senate President, Ahmad Lawan. President Buhari, in the letter which accompanied the Explosives Bill 2021, explained that request for the consideration and eventual passage…

Justice Sikiru Oyinloye of the Kwara State High Court sitting in Ilorin has sentenced two final year students of two tertiary institutions in Ilorin to various jail terms for offences bordering on cybercrime. The convicts are Oyewale Wasiu Adetunji and Adebayo Ibrahim Abiodun, who are students of Kwara State University, KWASU, Molete and Kwara State Polytechnic, Ilorin, respectively. Also convicted alongside Oyewale and Adebayo was one Saheed Sikirullahi, who claimed to be a former student of Kwara Polytechnic, Ilorin. The Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC prosecuted the three convicts on separate charges. Cultists behead…

Rev. David Yonggi Cho, the founder of Yoido Full Gospel Church in Seoul, has died on Tuesday morning at the age of 85. The popular religious leader was known to head the world’s largest congregation. According to local Korean media, he passed away at 7:13 a.m. at a Seoul hospital where he had been under medical treatment. He  had been hospitalised since last year after suffering a cerebral hemorrhage. He was born in 1936 in the southeastern rural county of Ulju to a family with Buddhist belief. His family moved to the southern port city of Busan after the 1950-53…

By Dapo Okubanjo His appointment as new Minister of Agriculture and Rural Development was unexpected, but when it came, it did not come as a surprise to many people. This has little to do with the passion with which Dr Mohammad Mahmood Abubakar ran the Ministry of Environment since his initial appointment as a cabinet member, but also with the manner the Kaduna-born,US-trained environmentalist is known to enmesh himself in any official assignment he is saddled with. And coming few weeks after the President declared that he did not want to end his term in office as a failure, who…

At least four persons have been kidnapped along Ayetoro-Ekiti Otun road in Ekiti State on Sunday. Residents of the area revealed that the gunmen whisked the victims away into the forest beside the road. According to a witness, who was one of the passengers that escaped, the bandits waylaid two buses in transit from Otun-Ekiti. However, they only able to capture four travellers. “Definitely, they were the ones who operated along Ayetoro – Ewu Road on Sunday evening. The Sunday operation was not successful and that was why they waited around to carry out this one,” the source said. Gunmen…