Author: Opalim Lifted

Femi Otedola, a billionaire businessman, announced on Tuesday that his offer to buy Nigerian conglomerate Transnational Corporation Plc for N250 billion had been rejected. In a statement sent to TheCable weeks after acquiring interests in Transcorp and selling the shares, Otedola made various claims against Transcorp Chairman Tony Elumelu. Otedola claimed that he purchased the organization’s shares because he believed in the Group’s potential to reach N2tn in valuation. Otedola said, “I offered to buy Transcorp Plc for N250bn, but unfortunately, my offer was rejected. My goal was to maximize the company’s potential as a Nigerian conglomerate with a market…

The issue of fuel subsidies was at the forefront of a policy discussion and book presentation attended by notable people in Abuja on Wednesday. Some dignitaries, including Lamido Sanusi, Nasir El-Rufai, and World Bank Country Director in Nigeria Shubham Chaudhuri, stated the policy should be scrapped due to its bad impact on the country’s economy. According to Sanusi, a former Emir of Kano, the Federal Government’s continued subsidy payments amount to “stupidity” when the nation is clearly on the verge of “bankruptcy.” He, therefore, called on the incoming government of Asiwaju Bola Tinubu to stop the policy. Sanusi, who is…

On Tuesday, a 23-year-old student of Adekunle Ajasin University, Akungba Akoko in Akure Ondo State (name withheld) told an Ikeja Special Offences and Domestic Violence Court how the founder of her church, Oluwafeyiropo Daniels, of I Reign Christian Family Church, allegedly raped her. The witness, a former assistant pastor of the church’s branch in Akungba, Akure, told Justice Ramon Oshodi’s court that her first meeting with the bishop occurred on May 28, 2018, when he visited Akure for a program. The rape victim, who was led in cross-examination by Lagos State prosecution counsel Babajide Boye, testified that she later became…

British police expressed regret over the arrests of the leader of anti-monarchist group Republic and five others at the coronation of King Charles, following criticism that the security response was heavy-handed. London’s Met Police said they regretted that six of those arrested at the event were prevented from protesting during the coronation on Saturday. They have had their bail cancelled and no further action will be taken, the police statement added. “We regret that those six people arrested were unable to join the wider group of protesters in Trafalgar Square and elsewhere on the procession route,” the statement, issued late…

Israel murdered three Islamic Jihad leaders and ten civilians in Gaza on Tuesday, according to Palestinian sources, prompting threats of retaliation from the movement and condemnation from Egypt, which has negotiated previous ceasefires in the enclave. In anticipation of a flare-up, Israel stopped highways in Israeli communities near Gaza, advised inhabitants to stay close to bomb shelters, and announced the mobilisation of military reservists. Social media images showed Iron Dome missile interceptor batteries being trucked to the front lines. The extent of any escalation might be determined by if Gaza’s governing Hamas terrorists participate, as they did in the 2021…

The Central Bank of Nigeria (CBN) took a significant move yesterday to enhance dollar liquidity through international bank representatives in Nigeria. The central bank licensed them to work with their parent corporations to provide and syndicate foreign currency-denominated loans (dollar loans) to Nigerian businesses. The Guidelines for the Regulation of Foreign Bank Representative Offices in Nigeria, signed by the Director of Financial Policy and Regulation Department, Muhammad Musa, stated that the policy corresponds with the CBN’s mandate to maintain financial system stability. He stated that the rules are supported by Sections 6(1) and 8(1) of the Banks and Other Financial…

Obianuju Catherine Udeh, commonly known as DJ Switch, a Nigerian disc jockey, has chastised the General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adeboye, for saying that God can use President-elect Bola Tinubu to fix the country. At the monthly thanksgiving ceremony at the RCCG Headquarters in Ebute-Metta, represented by his Special Assistant, Pastor Dele Balogun, claimed Nigeria would grow under Tinubu’s leadership. Reacting via her Twitter handle on Monday, DJ Switch said Pastor Adeboye who was mute during the injustices mounted against Nigerians by his “best friends” in the ruling All Progressives Congress, APC, has…

One hundred and twenty-nine Nigerians fleeing war-torn Sudan landed at Nnamdi Azikiwe International Airport in Abuja Wednesday. The information was revealed in a statement made on the Diaspora Commission’s Twitter account. The 129 refugees constitute the eighth group, increasing the total number of Nigerians evacuated to 1,600. According to the announcement, “the eighth batch of evacuees: 129 nationals that departed Port Sudan International Airport landed at Nnamdi Azikiwe International Airport around 9:25 a.m. (local time) on May 8 via Tarco Air.” “According to The Guardian, there have been 1,600 evacuees so far.” “The good news is that so far, no Nigerian…

A gas explosion in a Delta State community has brought to an abrupt end the life of a clergyman Adese Onos, his wife and a domestic staff. The clergyman until his demise was the representative of the President General in the Forum of President-Generals of Urhobo Kingdoms. The explosion which occurred on Thursday at Orogun, Ughelli North Local Government Area, is also home to Ovie Omo-Agege, the Deputy President of the Senate and  Gubernatorial candidate of the All Progressives Congress (APC),  in the recently conducted Delta State gubernatorial election. While earlier reports suggested that the explosion injured Pastor Onos, his…

On Sunday, eight people were killed in a boat accident in Guasau, the capital of Zamfara State. Abba Shehu, an eyewitness, told reporters on Monday that the victims included a woman and seven children. Shehu stated that the victims were on their way to gather water in a river near Gusau when their canoe collapsed. He stated that the bodies of the deceased had been evacuated, but that rescuers were still looking for additional bodies. “We have rescued four persons alive and evacuated eight dead bodies. “We are still searching for more dead bodies because there were over 20 people…