Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced on Wednesday that the Federal Government has cleared the outstanding $7bn foreign exchange backlog to various firms following a successful verification exercise by forensic auditors. Cardoso disclosed this at the launch of Nigeria’s Regulatory Policy Framework organised by the Presidential Enabling Business Environment Council. The…
The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has condemned the attempt to introduce Sharia in the Southwest, stating that it is alien to Yoruba culture and religious beliefs. Speaking at the 2025 Oodua festival, held at Enuwa Square, Ile-Ife, Osun state, on Wednesday, Adams stressed that the introduction of Sharia is aimed at…
An aeroplane with 64 passengers on board collided with a U.S. Army Black Hawk helicopter on Thursday close to Reagan National Airport outside of Washington, DC. “Fatalities” have been recorded, and rescuers have yet to rescue a survivor, CNN reported. The media outlet reported that the aircraft collided with the army helicopter as it approached…
Operatives of the Economic and Financial Crimes Commission have arrested the former Executive Secretary of the National Health Insurance Scheme, Prof. Usman Yusuf, for allegedly awarding contracts to family members while in office. Yusuf was also accused of inflating the scheme’s ICT budget from N4.975 billion to N8.7 billion and approving payments beyond his approval…
Former United States senator from New Jersey Bob Menendez has been sentenced to 11 years in prison for what prosecutors described as one of the most brazen corruption schemes in U.S. history. The 71-year-old politician, who served nearly 18 years in the Senate, was convicted last year of taking nearly $1 million in bribes, including…
The Police Service Commission (PSC) has received the assurance of the German government for more and continuous support for the ongoing Police Reform in the country. Chairman of the Commission, DIG Hashimu Argungu rtd visited the German Ambassador to Nigeria, Ms Annett Gunther in Abuja where he expressed the Commission’s gratitude for the continued support…
The Nigerian Correctional Service (NCoS) says it has spent over N1.047b on the welfare of 1,024 serving, retired and deceased personnel of the service in 2024. The Acting Controller General, NCoS, Sylvester Nwakuche said this at a ceremony to mark the 19th anniversary of the Correctional Welfare Insurance Scheme (CWIS), on Wednesday in Abuja. The…
Dada Olusegun, Special Assistant to President Bola Tinubu on Social Media, criticized the Peoples Democratic Party (PDP) as ineffective for the country. Commenting on a viral video showing PDP stalwarts fighting, Dada stated that the PDP is not useful as either an opposition or ruling party. It should be noted that chaos erupted at the…
In a landmark judgement, the Bayelsa State High Court has sentenced four convicts to death by hanging for their involvement in a kidnapping case. The convicts, Manager Etonzor, Daniel Derietiedei, Inimotimi Rufus, and Tari Firstman, were found guilty of conspiracy and kidnapping under Section 2 (1) of the Bayelsa State Law 2013. The kidnapping incident…
Former Vice President Atiku Abubakar, ex-Kaduna State governor Mallam Nasir El-Rufai, and other prominent politicians have been accused of planning to overthrow President Bola Tinubu. The allegation was made by a group known as Joint Action on Democracy (JAD). According to JAD, these politicians are aggrieved because President Tinubu has initiated reforms that are already…