The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects, including 193 foreign nationals, for their involvement in cryptocurrency investment fraud and romance scams. The arrests were made on December 10, 2024, following a months-long investigation and surveillance operation at a high-rise building on Oyin Jolayemi Street in Victoria Island, Lagos….
The Federal Executive Council (FEC) has approved a N47.96 trillion expenditure for the 2025 budget, marking a 36.8% increase from the 2024 estimate. The decision was made during the Council’s final meeting of 2024, held on Monday in the Council Chambers of the Statesl House, Abuja. Speaking to State House Correspondents, the Minister of Budget…
The Nigerian government on Monday, December 16, 2024, renamed the University Of Abuja, Gwagwalada to Yakubu Gowon University. This was disclosed by Mohammed Idris, the Minister of Information, culture and tourism after the Federal Executive Council meeting at the Presidential Villa. The meeting was presided over by President Bola Tinubu. According to the minister, the…
GISTSMATE MEDIA reports that President Bola Tinubu has approved free train rides nationwide from December 20, 2024, to January 5, 2025. This is part of measures to ease transportation costs during the Christmas and New Year celebrations, the Minister of Information and National Orientation, Mohammed Idris, told State House correspondents in Abuja. Idris explained, “As…
GISTSMATE MEDIA reports that the Supreme Court, on Monday, declined a suit seeking to sack President Bola Tinubu from office. The apex court, in a unanimous decision by a five-member panel of justices, awarded a fine of N5 million against the plaintiff, Chief Ambrose Owuru, who was the presidential candidate of the Hope Democratic Party,…
A former Senator, Dino Melaye, has claimed that the Founder of Living Faith Church, Bishop David Oyedepo, forcefully retired Bishop David Abioye, who was his vice-president. In October this year, the church revised the retirement age from 60 to 55. At the time, Abioye was 63 while the second vice-president Bishop Thomas Aremu was 67….
Bolaji Abdullahi, a former minister of sports and youth development, has resigned from the Peoples Democratic Party (PDP). He disclosed his intention to resign in a letter dated December 16 and addressed to the PDP ward chairman in Ubadawaki, Kwara state. Abdullahi confirmed the development to TheCable on Monday. The ex-minister also said he is…
Nigeria’s annual inflation rate rose to 34.60 per cent in November from 33.88 per cent in October, the National Bureau of Statistics (NBS) said on Monday. This marks a continuation of the upward trend observed from September, when the nation recorded a reversal of a two-month decline. The statistics office said the November 2024…
Solomon Dalung, a former Minister of Youth and Sports, has explained the influence of cabals in Nigerian governance. He spoke on the Mic On Podcast published on Sunday. Dalung, who served as minister in the first term of ex-President Muhammadu Buhari, alleged how a powerful group hijacked power after the former president’s victory in 2015….
The Nigerian Presidency has dismissed remarks made by Kemi Badenoch, the newly elected leader of the United Kingdom’s Conservative Party, about her upbringing in Nigeria, labelling them as a “cock and bull story.” Temitope Ajayi, Senior Special Assistant on Media and Publicity to President Bola Tinubu criticized Badenoch for her comments, which included claims that…