Day: October 20, 2022

Polaris Bank Acquired for N50bn

Ganiyu Amodu

New owner of Polaris Bank, SCIL, To Pay N1.3trn in 25 Years The Strategic Capital Investment Limited (SCIL) has paid N50 billion for the acquisition of 100 per cent equity in Polaris Bank. The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) on Thursday formally announced the completion of a Share Purchase Agreement (SPA) of the bridge bank. CBN’s Director, Corporate Communications Department, Osita Nwanisobi, in a statement on behalf of CBN and AMCON, stated that they have accepted the terms of the agreement for…

Read More

UK PM, Liz Truss, Resigns After 44 Days in Office

Precious Ibekwe

Build ip to Liz Truss exit as shortest-serving UK Prime Minister in History    Liz Truss has announced her resignation as British Prime Minister after a chaotic 44 days in office during which she lost the confidence of her Conservative Party Members of Parliament (MPs) and the public and oversaw economic turbulence. She is set to become the shortest-serving Prime Minister in history after she battled an open revolt from Conservatives demanding her departure. Speaking from a lectern in Downing Street, Truss said on Thursday she had told King Charles…

Read More

22 Oil ‘Thieves’, 2 Vessels Busted, Handed Over To EFCC

Abibat Babalola

Two vessels, MT Platform and MV Caribbean Crest alongside a crew of 22 suspected oil thieves were on Tuesday, October 18, 2022 handed over to the Economic and Financial Crimes Commission, EFCC, for further investigation and possible prosecution by the Nigerian Navy. Commanding officer of the Nigerian Navy Forward Operating Base, Bonny, Rivers State, Lieutenant Commander MG Munza disclosed that the vessel, MV Caribbean Crest and her crew members were arrested on the 15th of February, 2022 at the Bonny Fairway Buoy with an unspecified quantity of stolen Petroleum Product…

Read More

NCC Reverses 10 Percent Tariff Increase On Voice, Data Services

Abibat Babalola

The Nigerian Communications Commission (NCC) has reversed the unilateral increase of voice and data services by some Mobile Network Operators (MNOs), saying it was without the final approval of the Board of the Commission. The Commission, in a statement in Abuja by its Director of Public Affairs, Reuben Muoka, acknowledged the operating environment, which precipitated the upward tariff adjustment but insisted that all processes for such approval must be followed. “The consideration for 10 percent approval for tariff adjustments for different voice and data packages was in line with the…

Read More

‘How Witches Dealt With Me For Acting As Their Member’ – Nollywood Veteran

Ganiyu Amodu

Popularly called Iya Gbonkan, Margaret Bandele Olayinka has featured in many Yoruba films as a witch Popular Yoruba actress Margaret Bandele Olayinka aka Iya Gbonkan has claimed she was severely dealt with by witches after her role in the movie ‘Koto Orun’. The veteran, who is well known for playing the role of a witch in most movies, said they used to come to her every other night around 12 midnight compelling her to join their fold. But the 64-year-old thespian noted she always refused their request because according to…

Read More

Avoid Trips To Nigeria, Australia Warns Citizens

Ganiyu Amodu

The Australian government has warned its citizens to avoid travelling to Nigeria over the recent flooding that has ravaged some parts of the country. According to its travel advisory on the consulate’s website on Wednesday, over 20 states including Abuja, the nation’s capital were listed for Australians to avoid. The country also listed terrorism, kidnapping and other criminal activities as reasons for its nationals to reconsider making trips to the most African populous country. READ ALSO: Ukraine Removes Ambassador To Kazakhstan After Row With Moscow 45,000 litre Fuel Tanker Explodes…

Read More

Ukraine Removes Ambassador To Kazakhstan After Row With Moscow

ADEOLA YUSUF

Ukraine has removed its ambassador to Kazakhstan in Central Asia, according to a decree published on the presidential website, after remarks he made about Russia spurred condemnation from Moscow. Russia’s foreign ministry had urged Kazakhstan to expel Petro Vrublevsky after he gave an interview in which he made comments about “killing” Russians. He later apologised for the remarks. Astana had said it communicated the “unacceptability” of Vrublevsky’s statement to Kyiv and an agreement had been reached for his recall. The decree published by Ukraine’s presidency on Tuesday evening did not…

Read More

45,000 litre Fuel Tanker Explodes on Lagos-Ibadan Expressway + LOCATION

Ganiyu Amodu

Fatality, casually figures yet unknown as fire fighting, rescue operation begin – FRSC Spokesperson   A 45,000 litre fuel-laden tanker has exploded along the Lagos-Ibadan expressway. Platforms Africa reports that the Federal Road Safety Corps (FRSC), which confirmed that the incident happened in the early hours of Thursday, noted that this has led to a road diversion on the expressway. It was learnt that a bus was involved in the raging fire, which occurred at Araromi town, before Sagamu interchange, Ogun State. Details of the incident is still sketchy, according…

Read More

BREAKING: How Ekiti House of Assembly Speaker, Funminiyi Afuye, Died

Gbenga Adeoti

“He was not sick, his blood pressure just hit the roof and he was rushed to the Ekiti State University Teaching Hospital, Ado-Ekiti, where he was confirmed dead” The Speaker of the Ekiti State House of Assembly, Rt. Hon. Funminiyi Afuye, is dead. Platforms Africa reports that the Chief Press Secretary to Governor Biodun Oyebanji of Ekiti State, Yinka Oyebode, confirmed the death of the Speaker. Furrher checks by Platforms Africa showed that the Speaker died on Wednesday evening in Ado-Ekiti. Afuye was said to have died at the Ekiti…

Read More