Author: Vincent Osuwo

Men of the Lagos State Police Command have arrested eight notorious cable thieves and recovered stolen cables in the Igbo Efon area of Lekki. This was made known to the public by Benjamin Hundeyin, the Police Public Relations Officer, Lagos State Command. According to the police command, “Seven of the suspects were arrested at about 9:30 p.m. in Anthony Village, Lagos on June 1, 2023 when RRS operatives on patrol in the area accosted them while digging and shoveling the ground for armoured cable belonging to Ikeja Electric”. Lagos Taskforce raids Lekki criminal hideouts, arrests 38 He said : “Operatives…

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CBN withdraws license of 146 financial Institutions Former CBN Governor, Godwin Emefiele is facing corruption charges

PRESS RELEASE  PRESIDENT TINUBU SUSPENDS EMEFIELE FROM OFFICE AS CENTRAL BANK GOVERNOR. President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. Governors back Tinubu on fuel subsidy Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), who will act as the Central Bank Governor pending the conclusion of investigation and the reforms. Willie Bassey Director, Information For: Secretary…

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EFCC arrests 95 internet fraudsters across the South South of Nigeria

The Economic and Financial Crimes Commission (EFCC) has stated that its operatives in Port Harcourt, Rivers State, have apprehended fifty six suspected internet fraudsters. The Port Harcourt zonal command of the EFCC stated this in a press statement signed by Wilson Uwujaren, Head, Media & Publicity, of the zonal command. The statement stated that they suspects were arrested for allegedly involving in various criminal activities ranging from dating/romance scams to investment scams, oil scams, contract scams, impersonations, business scams, possession of fraudulent documents, crypto currency scams, and forgeries. Internet Fraud: EFCC arrests 28 suspects in Calabar The statement reads :…

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Tinubu has crashed expectations of Nigerians- APC Chieftain

President Bola Tinubu on Friday, in Abuja assured traditional rulers in the country that his administration will run an open-door policy that is ready to listen to the yearnings of Nigerians toward transforming the country’s rich potentials to reality. Speaking at an interactive session with the Royal Fathers under the aegis of National Council of Traditional Rulers of Nigeria (NCTRN), the President apprised them on the decision of his government to remove fuel subsidy, improve security, create jobs and sustain the environment as well as the forthcoming election of principal officers of the 10th National Assembly. ‘‘We are all ears.…

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BudgIT Rivers Open Budget Survey Fiscal Performance

BudgIT, a leading civic-tech organization advocating for transparency and accountability in Nigeria’s public finances, is calling on the Budget Office of the Federation and the Office of the Minister for Finance of the Federal Republic of Nigeria to promptly publish the 2022 third quarter budget implementation report as mandated by extant legislation. It has been eight months since the end of the third quarter of 2022, and according to the law, the report’s publication ought not to extend beyond 30 working days after the end of the quarter. This request is pertinent, having ascertained that the report is presently inaccessible…

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FG warns GenCos: Risk grid disconnection over non-compliance

President Bola Tinubu has signed into law the 2023 Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The newly adopted law will end the monopoly of national power generation, transmission, and distribution in Nigeria. This new law will provide states, businesses, and individuals with the authority to generate, transmit, and distribute electricity throughout the country. In July 2022, lawmakers passed the Electricity Act 2023, which empowered states to grant licenses to private investors to establish mini-grids and power plants within their states. However, the Act excluded interstate and transnational electricity delivery. AEDC blames unstable electricity on…

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The first refinery in Port Harcourt was commissioned in 1965

Mr. Abdullahi Sule, the governor of Nasarawa State, stated yesterday that the Muhammadu Buhari administration spent over $19 billion repairing Nigeria’s four refineries in eight years with zero results. Governor Sule stated this while speaking on Channels Television yesterday, June 8, 2023. The governor, who was Managing Director of African Petroleum (AP) about 20 years ago, stated that the process and finances for fixing the country’s refineries were largely mismanaged. Buhari commissions Dangote refinery, seeks to end fuel imports The governor claimed that various licenses had been awarded in the past for the construction of refineries, but that this had…

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Appeal Court to deliver judgment in Rhodes-Vivour, Jandor’s petitions Wednesday

Gbadebo Rhodes-Vivour, the flag bearer of the Labour Party (LP) in the recent past Lagos State Gubernatorial election, has condemned in totality, the statement made by the Speaker of the Lagos State House of Assembly, Hon Mudashiru Obasa. Earlier, Chronicle NG reported that Hon Obasa, during his inauguration as the Speaker of the 10th Assembly, had stated that hence “Lagos is a Yoruba land as against the assertions of some people that it is a no-man’s land,” therefore, “There would be laws…in the areas of economy and commerce, property and titles, and we will reverse all that is reversible to…

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Staff of banks blame CBN as cash shortage worsens

Chairman and Chief Executive Officer of the National Salaries Incomes and Wages Commission (NSIWC), Ekpo Nta, has stated that the Federal Government has set up a National Pay Policy (NPP) to combat workplace arbitrariness and ensure adequate remuneration for Nigerian workers. Nta who stated this while speaking with the Daily Sun, said the new federal government’s policy would analyze the amount of hours a person spends in the office as well as the quality of work done to determine income payment. He said: “What it entails is that when people are working in any country, even in your own private…

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Speaker, Lagos State House of Assembly, Mudashiru Ajayi Obasa turns 50

The Speaker of the Lagos State House of Assembly, Hon. Mudashiru Obasa has stated that Lagos belongs to the indigenous Yorubas and it is not a no man’s land. Hon Obasa stated this in his acceptance speech as a third-term speaker of the Lagos Parliament and the inauguration of the 10th Lagos assembly on Tuesday. This comes against the backdrop of the ethno-political and religious divides between lagosians during the recent 2023 national elections. In the presidential and gubernatorial elections, many Igbos backed the Labour Party’s presidential candidate, Peter Obi, and the LP’s state governorship candidate, Gbadebo Rhodes-Vivour. However, this…

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