Day: June 10, 2022

How Road Accident Killed 1,834 Nigerians in 3 months — NBS

Ganiyu Amodu

Country suffered 3,345 road accidents between January and March, 2022 A report by the National Bureau of Statistics, NBS, has revealed that 1,834 persons died out of 3,345 road accidents that occurred across country between January and March 2022. The report titled, “Road Transport Data Q1 2022,” however, showed that there was a decline of 1.82% from last year’s October to December which recorded 3,407. In the report that was published on Wednesday, NBS said there were 871 fatal accidents and 374 minor ones in the period under review, as…

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Court Acquits Ochuko, Ex-PPMC MD Haruna Momoh’s Wife, Of N3bn Fraud

Ganiyu Amodu

A Federal High Court in Abuja has discharged and acquitted Ochuko Momoh, wife of a former Managing Director of Pipelines and Products Marketing Company, Haruna Momoh of money laundering related charges. Platforms Africa reports that Ochuko was facing trial in a N3bn fraud case. In a judgment on Thursday, Justice Taiwo Taiwo acquitted Ochuko and five others on money laundering related charges. READ ALSO: N80bn Fraud: Buhari Suspends Accountant General After Arrest by EFCC House of Reps ex-Speaker, Patricia Etteh, Arrested for Alleged Fraud Nigeria’s Accountant General Arrested for N80bn…

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Foreign Direct Investment Flows Into Africa Hit record $83bn

Abibat Babalola

The first and the last; how Southern, West, East and North Africa countries shared the FDI Foreign Direct Investment (FDI) to African countries hit a record $83bn in 2021, according to UNCTAD’s World Investment Report 2022 published on June 9. This was more than double the amount reported in 2020, when the Covid-19 pandemic weighed heavily on investment flows to the continent. Despite the strong growth, investment flows to Africa accounted for only 5.2 percent of global FDI, up from 4.1 percent in 2020. READ ALSO Nigeria’s Oil Revenue Sinks…

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Tinubu In Surprise Visit To Osinbajo’s Home + Photos

Abibat Babalola

Visit coordinated by Nigeria’s First Lady, Hajjia Aisha Buhari – report The presidential candidate of the All Progressives Congress for the 2023 elections, Asiwaju Bola Ahmed Tinubu, has paid a surprise visit to the Vice President, Prof. Yemi Osinbajo (SAN), in his Abuja residence. Osinbajo lost to Tinubu at the presidential primaries of the APC at Eagle Square, Abuja on Wednesday, coming third. A former Minister of Transportation, Rotimi Amaechi, came second. READ ALSO: INEC Gives Atiku, Tinubu, Obi, Others 8 days to Present Running Mates Tinubu promises 15,000MW Electricity,…

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Nigerians Defy CBN Ban, Trade N78bn Bitcoin in 3 Months

Abibat Babalola

Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. This is a 5.71 per cent increase from the N73.54bn worth of Bitcoin that was traded in the corresponding period of 2021, according to data made available to our correspondent by Paxful, one of the major peer-to-peer cryptocurrency platforms in the nation. Trade from Nigeria accounted for 25.87 per cent of the total N300.48bn ($715m) worth of Bitcoin that was…

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INEC Gives Atiku, Tinubu, Obi, Others 8 days to Present Running Mates

Abibat Babalola

Muslim-Muslim ticket likely as Presidential candidates In last-minute rush for running mates Political parties are required to upload the details of their candidates for each constituency to the INEC Candidate Nomination Portal The Independent National Electoral Commission (INEC) has given all presidential candidates of the 18 registered political parties eight days to pick and submit the list of their vice-presidential candidates. INEC Chairman, Prof. Mahmood Yakubu, said this on Thursday in Abuja at a meeting with the Resident Electoral Commissioners (RECs). This means that the presidential candidates of the Peoples…

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EFCC Releases Names, Age of 140 ‘Yahoo Boys’ Arrested In Lagos

Abibat Babalola

How the special operations by the anti-graft agency landed the 140 youths from big hotels in Ikorodu into the EFCC’s net + Full list Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested 140 suspected internet fraudsters, also known as yahoo boys, in the Ikorodu area of Lagos State. The EFCC Head of Media and Publicity, Wilson Uwujaren, disclosed this in a statement on Thursday in Abuja, the nation’s capital. READ ALSO: Nigeria’s exAGF Idris Caught In Fresh N90b Racket, Case With EFCC Now N174b Shots Fired As…

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