Month: February 2024

US Museum Returns Royal Artifacts to Ghana’s Ashanti King

ADEOLA YUSUF

California museum on Thursday returned seven royal artefacts to Ghana’s traditional Ashanti king to commemorate his silver jubilee in the first planned handovers of treasures looted during colonial times. The ceremony came as pressure grows for European and U.S. museums and institutions to restore African artefacts stolen during the rule of former colonial powers Britain, France, Germany and Belgium. The Ghana royal treasures from the Fowler Museum, including a gold necklace, an ornamental chair and an elephant tail whisk, were presented during a ceremony of chiefs at the Manhyia Palace…

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Rwanda President Kegame Steps Down From AU Position After Seven Years

ADEOLA YUSUF

Paul Kagame, the President of Rwanda, is set to step down from his role as leader of the African Union (AU) reform process.  Since assuming this position in 2016, Kagame has collaborated with experts from across Africa to enhance the efficiency of the AU. The decision to relinquish his duties was announced during a meeting with the reform team at Urugwiro village in Kigali, the capital of Rwanda. This hybrid meeting, attended by Moussa Faki Mahamat, Chairperson of the African Union Commission (AUC), focused on the implementation of the reform…

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EFCC Declares Emefiele’s Wife Wanted

ADEOLA YUSUF

The Economic and Financial Crimes Commission (EFCC) yesterday declared Margaret Dumbiri Emefiele, wife of embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele wanted. Also declared wanted by the anti-graft agency were Eric Ocheme Odoh (m), Jonathan Omoile (m) and Anita Joy Omoile (f) for alleged for allegedly conniving with the immediate past CBN governor to convert “huge sums of money” belonging to the Federal Government. The EFCC, in a public notice, also accused the wanted persons of committing felony to wit: obtaining money by false pretences…

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No Liquidation Of Outstanding Debt, No Ways, Means Provision For Ministries, Others – CBN

ADEOLA YUSUF

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex bank will no longer give Ways and Means to the Federal Government until the previous loans are repaid. Olayemi noted that it was one of the measures taken by the apex bank to curtail the economic country currently plaguing the country. Ways and means is the money that the CBN lends to the Federal Government in the meantime to augment spending based on the time the revenue is generated. Cardoso on Friday alongside the economic…

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Tinubu Signs Electricity Bill Into Law

ADEOLA YUSUF

President Bola Ahmed Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. According to the spokesperson of President Tinubu, Ajuri Ngelale, who disclosed this in a statement on Friday, the bill, initially sponsored by Honourable Babajimi Benson, who represents the Ikorodu Federal Constituency in Lagos State, was passed by both houses of parliament in July and November 2023, respectively. READ ALSO NERC Penalises 11 DisCos, Slashes N10.5bn From Revenues + Reason Dufil Prima Appoints Chain Reactions As PR Consultant For Indomie Noodles 172 Cases Of Kidnapping Recorded In…

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NERC Penalises 11 DisCos, Slashes N10.5bn From Revenues + Reason

ADEOLA YUSUF

The Nigerian Electricity Regulatory Commission (NERC) says it has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with the capping of estimated bills for unmetered customers. The commission, on Friday, declared that it would deduct N10,505,286,072 from the annual allowed revenues of the 11 power distribution companies during the next tariff review as part of sanctions over their non-compliance with the capping of estimated bills for unmetered customers. NERC, in a notice seen by Business Standards, stated that the billing of unmetered customers in their various franchise areas for 2023…

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Dufil Prima Appoints Chain Reactions As PR Consultant For Indomie Noodles

ADEOLA YUSUF

Chain Reactions Africa has announced its appointment as the new strategic communications and public relations consultant for Dufil Prima Foods Limited, makers of Indomie Instant Noodles. According to a statement on Thursday by the PR firm, the partnership, which took effect on February 1, 2024, intends to first strengthen Indomie Noodles’ market leadership and build stronger emotional connections with consumers across the Nigerian market. “With a commitment to delivering quality products and enriching the lives of consumers, Dufil Prima Foods Limited recognises the importance of breakthrough communications strategies that reaches…

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172 Cases Of Kidnapping Recorded In Seven Weeks — IGP

ADEOLA YUSUF

No fewer than 172 kidnap cases were recorded across the country in the past seven weeks. The Inspector-General of Police, Kayode Egbetokun, said this when he met with Strategic Police Managers in Abuja. At the meeting on Thursday, Egbetokun said 107 victims of kidnap were rescued by the police, while 166 firearms and 41 vehicles were recovered during the seven weeks. He put the number of persons arrested for various crimes in the past seven weeks at 814. The IGP, who also said that 14 people, including two public officials,…

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‘Don’t Come Back,’ South Africans Threaten Stanley Nwabali

ADEOLA YUSUF

Super Eagles goalkeeper, Stanley Nwabali has reportedly been threatened by South Africans not to return to his clubside, Chippa United following his heroics against the country. Nwabali, who has been impressive for Super Eagles in the AFCON so far, plies his trade for Chippa United in South Africa. While speaking on Channels Television on Thursday, former Super Eagles international, Idah Peterside made known the threats. Peterside said some fans have already told the Super Eagles shot-stopper not to return to Chippa United after the tournament. He said, however, that there…

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AFCON: Nestle Sales Rep Dies During Super Eagles Semi Final Match

ADEOLA YUSUF

A sales representative with one of the multi-national manufacturing companies in Nigeria, Nestle, Mikail Osundiji, has died while watching the semi final match of the ongoing Africa Cup of Nations between Nigeria and South Africa. The 43-year-old man allegedly died after the centre referee cancelled Nigeria’s second goal against South Africa. The goal was scored by striker Victor Osimhen. The referee thereafter awarded a penalty against the Super Eagles, which was converted by Bafana Bafana. READ ALSO Anambra-born Businessman Dies Watching Nigeria, South Africa Match In Ivory Coast Cancer: King…

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