Author: Chronicle Editor

The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office on Wednesday, October 7, 2020 arraigned the trio of Adegoke Johnson Adebayo, Ayodele Elijah Olubunmi Sunday and Adelowo Waheed Adewole, before Justice Ladiran Akintola of the Oyo State High Court, Ibadan for N83,500, 000 (Eighty Three Million, Five Hundred Thousand) loan fraud. The suspects, who are staff of Osun State Environmental Protection Commission, and president, secretary and treasurer of the Commission’s staff cooperative society, respectively, allegedly diverted the sum, obtained as loan for the cooperative members. The EFCC preferred a 10-count charge, bordering on conspiracy, abuse of office, stealing, forgery,…

The Economic and Financial Crimes Commission, Enugu Zonal Office on Wednesday, October 7,2020, arraigned Pastor Obianwu Kingsley before Justice I.N Buba of the Federal High Court, Enugu, Enugu State on a one-count charge, bordering on obtaining by false pretence to the tune of N720,000.00 (Seven Hundred and Twenty Thousand Naira) The charges read: “That you Obianwu Kingsley (Trading Under the name and style of Union Global Express Assurance Company Nig) between the 1st day of May 2016 to the 1st day of May 2019, at Nsukka, Enugu State, within the jurisdiction of the Federal High Court of Nigeria, with intent…

The Senate has mandated its Committee on Banking, Insurance and Other Financial Institutions to cause an investigation into illicit and excessive bank charges by commercial banks operating in the country. This was even as the upper chamber urged the Central Bank of Nigeria to look into the complaints of Nigerians in this regard with a view to reviewing downward all charges on their bank accounts. The resolutions were reached sequel to the consideration of a motion sponsored by Senator Patrick Abba Moro (PDP – Benue South). The lawmaker in his presentation, noted the Senate became concerned following several complaints from…

Senate President Ahmad Lawan has urged President Muhammadu Buhari to reduce its borrowing to fund major projects across the country. Lawan said the federal government should reduce its borrowing by seeking alternative ways of implementing infrastructural projects not funded through local and foreign loans. He said this on Wednesday after the Senate passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of the presentation of the 2021 Appropriation Bill to the National Assembly by President Buhari on Thursday. Lawan said, “We need to put up a lot of effort to ensure that these revenue generating agencies do their…

…As Lawan cautions FG on borrowing to fund projects …Advocates merger of agencies to reduce cost of governance The Senate has passed the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of the presentation of the 2021 Appropriation Bill to the National Assembly by President Muhammadu Buhari on Thursday. The passage was sequel to consideration and adoption of the report of the Joint Committee on Finance; and National Planning and Economic Affairs. Chairman of the Joint Committee, Senator Solomon Olamilekan Adeola (APC – Lagos West), in his presentation said the key parameters and macroeconomic framework driving the 2021-2023…

The Governor of Kaduna State, Malam Nasir El-Rufai, has approved the appointment of Alhaji Ahmed Nuhu Bamalli as the 19th Emir of Zazzau. He succeeds HRH Alh. (Dr.) Shehu Idris who died on Sunday, 20th September 2020 after reigning for 45 years. Alh. Bamalli is the first emir from the Mallawa ruling house in 100 years, following the demise in 1920 of his grandfather, Emir Dan Sidi. A statement by Ja’afaru Ibrahim Sani, Commissioner, Ministry of Local Government Affairs stated that until his appointment as Emir of Zazzau, Alh. Ahmed Nuhu Bamalli held the title of Magajin Garin Zazzau and…

Two scientists have been awarded the 2020 Nobel Prize in Chemistry for developing the tools to edit DNA. Emmanuelle Charpentier and Jennifer Doudna are the first two women to share the prize, which honours their work on the technology of genome editing. Their discovery, known as Crispr-Cas9 “genetic scissors”, is a way of making specific and precise changes to the DNA contained in living cells. They will split the prize money of 10 million krona (£861,200; $1,110,400). The women’s technology has been transformative for basic science research and it could also be used to treat, or even cure, inherited illnesses.…

Covid-19 is spreading further among those around US President Donald Trump, with White House adviser Stephen Miller and a top military official infected. Mr Miller, who has been self-isolating for the past five days, confirmed on Tuesday that he had tested positive. Several military leaders are also quarantining after Coast Guard official Admiral Charles Ray tested positive. Meanwhile, Democratic candidate Joe Biden has said Mr Trump should not debate him if he is still infected. Speaking about their scheduled second encounter in Miami, Florida, on 15 October, he said he would be guided by medical experts. “I think if he…

…..as Senate investigates human rights abuses by security agencies Senate President Ahmad Lawan has said that personnel of security agencies involved in the killing of innocent Nigerian citizens must be made to face the full weight of the law. Lawan stated this against the backdrop of a motion considered on Wednesday on the “need to check the culture of arbitrariness and brutality of Security Operatives to Nigerians.” Accordingly, the Senate during plenary mandated its Committee on Judiciary, Human Rights and Legal Matters to investigate human rights abuses by Nigerian Security agencies. The upper chamber, while urging the various security agencies…

Nigerian youths in Southwest state of Lagos on Wednesday protested against the brutality and extra-judicial killings by operatives of the Special Anti-Robbery Squad (SARS). According to the youths, the protest against the tactical unit of the Nigeria Police Force will hold for three days across the state. On Wednesday, they marched to the Force Headquarters, Ikeja, Lagos, through the Computer Village, Under Bridge, carrying placards with various inscriptions. Some of the inscriptions on the placards read ‘Protect not exploit’, ‘Nigeria police stop killing us’, and ‘say no to brutal injustice’ among others. In a petition addressed to the Inspector General…