Day: May 23, 2024

Court Grants Abba Kyari Two-Week Bail For Mother’s Burial Rites

ADEOLA YUSUF

A federal high court in Abuja has granted bail to Abba Kyari, suspended deputy commissioner of police (DCP), for two weeks. Kyari has been in detention since his arrest in February 2022. In the ruling delivered on Tuesday, Emeka Nwite, the presiding judge, said the bail is to enable Kyari to conclude the burial rites of his mother, Yachilla Kyari, who died on May 5. The judge ruled that Kyari should deposit his international passport with the court and report to any National Drug Law Enforcement Agency (NDLEA) formation nearest…

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Lamido Sanusi II Reinstated As Kano Emir

Aliyu Aliyu

“All the district heads elevated or appointed under the repealed law are to revert to their previous positions,” details of political fireworks by state assembly that dethroned Emir Bayero, others Sanusi Lamido Sanusi II has been reinstated as the Emir of Kano. This decision, a report by Abuja-based Leadership newspaper showed, followed the Kano State House of Assembly’s resolution to dethrone the current Emir and also dismantle the four new Emirates in the State established under a controversial 2019 law. Though it has not been officially announced, the LEADERSHIP said…

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CBN Orders Existing BDCs To Reapply For New License

Abibat Babalola

The Central Bank of Nigeria, CBN yesterday released new operational guidelines for Bureau De Change, BDCs, and directing existing operators to reapply for new licenses and six six-month deadlines to meet the new minimum capital requirements. The new guidelines introduce two categories of BDCs, Tier 1 and Tier 2, with minimum capital requirements of N2 billion and N500 million respectively. The new guidelines were released yesterday via a circular to all BDC operators and stakeholders in the financial services industry. Among other things, the new guidelines limited the foreign currency…

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Family Of Detained Accountant Asks IG To Probe Fraud Allegations

Abibat Babalola

The family of detained chartered accountant, Ms. Omafume Ayinuola, has asked the Inspector General of Police IGP, Kayode Egbetokun to probe accusation of fraud preferred against their daughter by a prominent stockbroker and businessman, Peter Ololo. The family in a petition by Erhievuyere-Dominic Peter, a brother to the detained accountant, lamented that members of the family were currently living in fear for the safety of detained sister, stressing that members of the family have been subjected to harassment and intimidation. The petitioner complained that “The actions taken against his family…

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