Month: February 2021

Nigerian Banks borrow N15.95bn from CBN in one Month + FULL LIST

ADEOLA YUSUF

‌ Commercial Banks in Nigeria borrowed N15.95 billion from the Central Bank of Nigeria (CBN) in the Standing Lending Facility window in November, 2020. The CBN, which confirmed this in its latest monthly economic report for November, maintained that the Deposit Money Banks have, with this, continued to reduce their borrowings due to excess liquidity in the system. Part of the report read, “Deposit Money Banks and merchant banks continued to access the standing facilities window to square liquidity positions in November 2020. “The trend at the CBN standing facilities…

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‘How Instagram Star ‘Hushpuppi’ Laundered Funds For North Korean Hackers’

ADEOLA YUSUF

  New details have emerged about the case against Instagram influencer Ramon Abbas popularly known as Hushpuppi, who wowed the internet with pictures of his clothes, cars, money and lifestyle between 2012 and 2020. In July, Abbas was charged by the U.S. Attorney’s Office in Los Angeles with conspiring to launder hundreds of millions of dollars from “business email compromise” (BEC) frauds and other scams. On Wednesday, the Department of Justice shed more light on one of those scams: working with North Korean hackers to launder funds stolen from a Maltese bank.…

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WIEN, REAN ink deals to Co-host 2nd International Women in Energy Symposium

ADEOLA YUSUF

  The Women in Energy Network (WIEN) has declared partnership plan with the Renewable Energy Association of Nigeria (REAN) to host the International Women in Energy Symposium. President of WIEN, Ms. Funmi Ogbue, who stated this during a virtual press conference, maintained that this is in recognition of the need to support strategies that will promote and enable equal participation of women in the energy value chain. The Virtual Symposium is sub-themed: “Light Up Africa”. It aims to bring together Women in Energy across Africa. The event will yield initiatives, to extend the…

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Shell opens up on $2.7bn oil row with Aiteo, moves to get accounts unfrozen

ADEOLA YUSUF

  The Shell Petroleum Development Company (SPDC) has opened up to Platforms Africa on the bickering between it and AITEO Eastern E&P Company Limited, over crude oil metering disagreement, which has led a Federal High Court Sitting in Lagos, Nigeria’s commercial capital, to block its accounts in 20 commercial banks. The company, insisted in a statement sent to this fastest growing Africa-focused online newspaper that it believed that “the freezing injunction was obtained by Aiteo without any valid basis.” Here is the full statement issued by Bamidele Odugbesan, Media Relations…

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Trump supporter who donated $2.5m for ‘voter fraud’s’ probe demands refund

ADEOLA YUSUF

  The Republican regrets his decision, as he’s taken a conservative nonprofit group focusing on voter fraud in the 2020 election to Court.   A Republican, Fred Eshelman, who donated $2.5 million to a conservative nonprofit focusing on voter fraud in the 2020 election wants his money back. The Washington Post reports that the donor, Fred Eshelman gifted the money to an investigation launched by Texas-based group, True the Vote, which pledged to reveal voter fraud. “I thought about the range of possibilities around vote fraud,” he told The Post. He wasn’t knowledgeable about the organization before the election. Now,…

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How Nigeria’s Top Politician, Junaid Mohammed, died in Isolation Centre

ADEOLA YUSUF

Nigeria’s popular politician and Minority Leader of the House of Representatives during the Second Republic, Dr. Junaid Mohammed, has died at an isolation centre. Mohammed, a fierce critic of President Muhammadu Buhari, died at the centre, where parients are usually quarantined for treatment in Kano on Thursday evening. One of his sons who confirmed this death, however, said that his father tested negative to COVID-19. It was learnt that his corpse would be received by the family for burial on Friday. The Soviet-trained medical doctor was elected to the National…

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Nigerian Customs’ ex-Chief, Abdullahi Dikko, dies

ADEOLA YUSUF

  The former Comptroller of the Nigerian Customs Service, Abdullahi Dikko, has died. A statement by the agency’s Public Relations Officer, Joseph Attah, read; “The family of the former Comptroller General of Customs, Abdullahi Dikko Inde just announced his passing away today. His funeral prayers ( Janaza ) will take place tomorrow, Friday 19th February, 2020 after Jumaat Prayers at National Mosque Abuja. “He was the Comptroller General of Customs from 2009 to 2015. May Allah Forgive his shortcomings and may Aljannatul Firdausi be his final abode. “May Allah give…

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NNPC raises red flag on fuel hoarding, demands sanctions for erring marketers

ADEOLA YUSUF

    Here is the real reason NNPC embargoed fuel price hike in February     The Nigerian National Petroleum Corporation (NNPC)on Thursday demanded stiff penalty for fuel marketers who have engaged in hoarding to create “artificial scarcity.” The corporation, which also said that it had, in spite of the rise in the price of crude oil in the international market, ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021, raised the red flag on hoarding by some marketers. It “called on relevant…

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COVID-19: 20 African Nations To Get Vaccines Next Week

ADEOLA YUSUF

  Here is why safety of patients infected by South African variant of COVID-19 may not be guranteed by the AstraZeneca vaccine doses. The distribution of coronavirus vaccine across the African continent is to begin next week, the Africa Centres for Disease Control and Prevention (CDC) said on Thursday. Africa CDC chief, John Nkengasong, said doses of the AstraZeneca vaccine would be distributed to around 20 countries and that health-care workers would be prioritised in the inoculation programme. South Africa has replaced the AstraZeneca vaccine it initially purchased with a…

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Ned Nwoko’s Assassination Story, a Hoax, by Gabriel Ogbechie 

ADEOLA YUSUF

  My attention has been drawn to several publications in the print and social media wherein Ned Nwoko alleged that a plan to assassinate him is being sponsored by me. I also refer to a recent press conference held by the same Ned Nwoko wherein he alleged that the prisoner who told him of the plan to assassinate him has mysteriously died. He also accused me of being responsible for the death of the alleged prisoner/informant. I categorically state again that these allegations are completely false and a figment of Ned Nwoko’s…

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