Arase Loses Job as Police Service Commission Chairman, Argungu Takes Over

President Bola Tinubu has approved the removal of the Chairman of the Police Service Commission, PSC, Solomon Arase, and has appointed DIG Hashimu Argungu (Rtd) as his replacement. Solomon Arase, a former Inspector General of Police, was accused of being involved in the illegal sale of police land, which was exposed in an investigative report by the International Centre for Investigative Reporting, ICIR, in February. The President has also approved the appointment of Chief Onyemuche...

EFCC Raid in Akure Sparks Fury: Protesters Accuse Officials of Brutality, Harassment

A recent raid conducted by the Economic and Financial Crimes Commission, EFCC, in a hotel and a club in Akure, the capital city of Ondo State, has sparked protests and outrage. The raid, which took place in the early hours of Saturday, 8 June, resulted in the arrest of 127 suspected internet fraudsters, according to the EFCC. “The alleged internet fraudsters were arrested in an early morning sting operation at a ‘Yahoo Party’ held simultaneously at Signature...

Lawmakers Propose 2 Vice Presidents, Zonal Rotation for Presidency

A group of 35 lawmakers in the House of Representatives proposed an amendment to the 1999 Constitution that would establish a six-year term for presidents and governors, to reduce government spending and increase efficiency in governance. The group, who called themselves “Reform-minded lawmakers”, disclosed the proposed constitutional changes at a press conference on Monday. The proposed amendment also includes the rotation of the presidency among the six geopolitical zones of Nigeria to ensure equal representation...

Minimum Wage Stalemate: FG Offers N62,000 While Labour Demands N250,000

…Governors say N60,000 minimum wage “cannot fly” Nigeria’s national minimum wage debate continues with no clear resolution in sight. The Nigerian government and labour unions remain at odds over the appropriate level for a new national minimum wage. Organised labour, represented by the Nigeria Labour Congress, NLC, and Trade Union Congress, TUC, initially proposed a significant increase to N615,000, citing inflation and severe economic hardship. They argue that this reflects the rising cost of living...

President Tinubu Completes Abandoned VP’s Official Residence After 14 Years

In a significant milestone, President Bola Ahmed Tinubu has commissioned the long-abandoned official residence of the Vice President, completing a project that had been stalled for 14 years. The state-of-the-art structure cost N21 billion and was awarded in 2010 but abandoned in 2015. The Tinubu administration reviewed and revived the project in January 2024, and it has now been completed with world-class facilities. Speaking at the commissioning ceremony on Friday, President Tinubu emphasised his administration’s...

Founder of Cutix Cables Plc, Chief Engr. Gilbert Uzodike, Passes Away at 75

It is with profound sorrow that the family of Chief Engr. Gilbert Obiajulu Uzodike announces his passing on Friday, June 7, 2024. Chief Uzodike, revered by many as Oziuzo-Nnewi, died in the early hours of Friday in Dallas, Texas, at the age of 75 after a courageous battle with pancreatic cancer. Chief Uzodike was a renowned industrialist and business incubator, was the founder of Cutix Cables Plc, Adtec Limited, and Adswitch Plc. He was a...

Nigerian Senate Divided Over Bill Banning Open Grazing

…bill passes second reading despite opposition. A proposed bill aiming to ban open grazing and establish ranches in Nigeria caused division among senators in the Nigerian Senate on Wednesday. The bill was sponsored by Senator Titus Zam, representing Benue North-West Senatorial District, who argued that the ongoing clashes between farmers and herders could be resolved through the legislation. “Now is the time to adopt international best practices in animal husbandry. Now is the time to...

Senate Approves 300% Salary Increase for Nigerian Judges

The Nigerian Senate on Wednesday passed a bill granting a significant pay rise to judicial officers across the country. The legislation proposes a 300 per cent increase in salaries, allowances, and fringe benefits for the Chief Justice of Nigeria, CJN, and all other judges at both federal and state levels. This decision comes after a report by the Senate Committee on Judiciary, Human Rights, and Legal Matters, chaired by Senator Mohammed Monguno, was presented and...

Naira Seen Weakening to N1,450-$1 by Year-End, Says Fitch Ratings

International credit rating agency Fitch Ratings has projected a decline in the value of the Nigerian naira by December 2024. The agency forecast the naira to settle around N1,450 to the US Dollar by year-end. This projection comes as the naira currently trades around N1,488 to the USD on the official market and N1,500 at the parallel market (as of 5 June 2024) amidst ongoing volatility in the Nigerian foreign exchange market. The naira has...

Court Freezes N11.1 Billion Properties Linked to Former CBN Governor

A Federal High Court in Lagos has ordered the interim forfeiture of properties valued at N11,140,000,000 allegedly linked to Godwin Emefiele, the embattled former governor of the Central Bank of Nigeria, CBN. Justice Chukwujekwu Aneke issued the order on Wednesday after an ex parte motion filed by the Economic and Financial Crimes Commission, EFCC. The EFCC, represented by senior advocate Rotimi Oyedepo, argued that the properties were suspected proceeds of unlawful activities by Emefiele. Emefiele...

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