EFCC Recovers N30 Billion in Betta Edu’s Case

Crime & SecurityNewsNigeriaPoliticsEFCC Recovers N30 Billion in Betta Edu’s Case

By Ezinwanne Onwuka (Senior Reporter)April 9, 2024

The Economic and Financial Crimes Commission, EFCC, is making headway in its probe of suspended Minister Betta Edu. They have recovered N30 billion in connection to the case and are investigating over 50 bank accounts. This follows the January suspension of Edu and a former National Social Investment Programme Authority (NSIPA) official Halima Shehu over accusations of financial impropriety in the Ministry of Humanitarian Affairs. The EFCC chairman, Ola Olukoyede, addressed the progress in the...

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14-Day Ultimatum Issued to Government Over FirstNews Editor’s Arrest

NewsNigeria14-Day Ultimatum Issued to Government Over FirstNews Editor’s Arrest

By Ezinwanne Onwuka (Senior Reporter)April 9, 2024

Nigeria’s media landscape is in turmoil following the arrest of a prominent editor, Segun Olatunji from independent news outlet FirstNews. Olatunji was abducted from his Lagos residence on 15th March by unidentified armed men who identified themselves as officers of the Nigerian Army. He was flown from Lagos to Abuja in a blindfold and cuffs to be grilled on certain stories published by the online media as its editor. He was freed after two weeks....

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CBN Shakes Up Loan Market with Foreign Currency Collateral Ban

BusinessNewsNigeriaCBN Shakes Up Loan Market with Foreign Currency Collateral Ban

By Ezinwanne Onwuka (Senior Reporter)April 9, 2024

The Central Bank of Nigeria, CBN, has announced a new regulation prohibiting banks from accepting foreign currency as collateral for loans denominated in naira. The move, outlined in a circular issued on 8 April 2024, aims to strengthen the country’s financial system and promote stability in the naira. According to the CBN’s Acting Director of the Banking Supervision Department, Adetona Adedeji, the bank observed a “prevailing situation” where borrowers were using foreign currency, most likely...

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Pelumi Nubi Completes Epic Solo Drive from London to Lagos

NewsNigeriaPelumi Nubi Completes Epic Solo Drive from London to Lagos

By Ezinwanne Onwuka (Senior Reporter)April 8, 2024

Pelumi Nubi, a content creator of Nigerian–British descent, completed a 68-day solo road trip from London to Lagos on Sunday, 7th April. Nicknamed “Wheel of Wonder,” her journey covered 17 countries and captured the world’s attention. Nubi, driving a Peugeot 107 named “Lumi,” shared her adventure on social media, showcasing the African continent as a viable tourist destination. She also documented her occasional car trouble experiences on social media, which garnered her a dedicated following....

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Nigerians Gear Up for Eid el-Fitr as Public Holidays Announced

NewsNigeriaReligionNigerians Gear Up for Eid el-Fitr as Public Holidays Announced

By Ezinwanne Onwuka (Senior Reporter)April 8, 2024

In celebration of Eid el-Fitr, the Federal Government of Nigeria has declared Tuesday, 9th April, and Wednesday, 10th April 2024, as public holidays. This announcement comes after the sighting of the crescent moon, signifying the end of the holy month of Ramadan for Muslims. The Minister of Interior, Dr Olubunmi Tunji-Ojo, congratulated Muslims on the successful completion of Ramadan. He also urged Nigerians to embrace the spirit of unity and continue to practice the virtues...

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Bobrisky Pleads Guilty to Naira Abuse Charge, Awaits Sentencing

Crime & SecurityNewsNigeriaBobrisky Pleads Guilty to Naira Abuse Charge, Awaits Sentencing

By Ezinwanne Onwuka (Senior Reporter)April 6, 2024

Popular Nigerian social media personality Idris Okuneye, better known as Bobrisky, pleaded guilty on Friday to a four-count charge of naira abuse brought against him by the Economic and Financial Crimes Commission, EFCC. Bobrisky arrived at the Federal High Court in Lagos facing six charges, but the prosecution dropped the last two related to alleged money laundering after discussions with the defence. The remaining charges centred on videos posted by Bobrisky on social media that...

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LP Chairman Abure Narrowly Escapes Fire, Possible Assassination Attempt

NewsNigeriaPoliticsLP Chairman Abure Narrowly Escapes Fire, Possible Assassination Attempt

By Ezinwanne Onwuka (Senior Reporter)April 4, 2024

Barrister Julius Abure, the national chairman of the Labour Party, LP, narrowly escaped a fire that engulfed his residence in Abuja early on Wednesday. The LP alleges the fire may have been a deliberate attempt on Abure’s life. According to a statement issued by the party’s national publicity secretary, Obiora Ifoh, the fire started shortly after 1:00 a.m. while Abure and his family were asleep. Neighbours and security personnel stationed at the compound raised the...

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15% of Nigerians to Pay More for Electricity as Regulator Hike Tariff

NewsNigeriaPolitics15% of Nigerians to Pay More for Electricity as Regulator Hike Tariff

By Ezinwanne Onwuka (Senior Reporter)April 4, 2024

The Nigerian Electricity Regulatory Commission, NERC, has announced a hike in electricity tariffs for a segment of consumers. This move comes amid ongoing efforts to reform the nation’s power sector The new tariff structure, effective 1st April 2024, applies to customers classified under Band A, which typically refers to those who receive a relatively high number of daily power supply hours often exceeding 20 hours. According to NERC’s Vice Chairman, Musiliu Oseni, these Band A...

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Nigeria Eyes End to Electricity Subsidy, Echoing Concerns From Fuel Price Hike

NewsNigeriaPoliticsNigeria Eyes End to Electricity Subsidy, Echoing Concerns From Fuel Price Hike

By Ezinwanne Onwuka (Senior Reporter)April 3, 2024

The Nigerian government has announced plans to phase out the electricity subsidy programme, a move that is likely to raise electricity prices for Nigerians. This announcement comes just barely a year after the controversial removal of fuel subsidy, sparking concerns about affordability and potential economic strain on Nigerians. Presidential spokesperson Bayo Onanuga justified the decision by citing the high cost of the subsidy program, estimated at N3.3 trillion annually. The government argues that these funds...

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JAMB Uncovers Over 1,600 Fake A-Level Results in Registration Crackdown

EducationNewsNigeriaJAMB Uncovers Over 1,600 Fake A-Level Results in Registration Crackdown

By Ezinwanne Onwuka (Senior Reporter)April 3, 2024

The Joint Admissions and Matriculation Board, JAMB, has uncovered a significant number of fake A-Level results during the 2023 Direct Entry, DE, registration exercise. A staggering 1,665 fabricated results were identified, raising concerns about the integrity of the admissions process. JAMB Registrar, Professor Is-haq Oloyede, disclosed this information while receiving leadership from the National Association of Nigeria Colleges of Education Students, NANCES, at his Abuja office. He emphasised the prevalence of “endemic corruption associated with...

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