PUNCH Removes Daily, Weekend Editors Through Resignation Order

Tunji Abioye, Samson Folarin Step In   Management of The Punch newspapers has removed the editors for both its daily and weekend titles through a resignation order. Platforms Africa gathered that Tunji Abioye, and Samson Folarin have been asked to immediately step in after the gale that affected the top editorial staff of the newspaper’s titles. A former politics editor of the newspaper, Friday Olokor, who shared the news on Facebook, added that the new order by the management has created tension in the newsroom. “Tension in PUNCH, mgt asks…

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2024 Hajj Death Toll Exceeds 900

. Relatives of Nigerian pilgrims panic, reach out to NAHCON, States boards         Friends and family searched for missing hajj pilgrims on Wednesday as the death toll at the annual rituals, which were carried out in scorching heat, surged past 900. Relatives scoured hospitals and pleaded online for news, fearing the worst after temperatures hit 51.8 degrees Celsius (125 Fahrenheit) in Mecca, Islam’s holiest city, on Monday. About 1.8 million people from all over the world, many old and infirm, took part in the days-long, mostly outdoor…

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Reason EFCC, Flutterwaves Gave For Planned Establishment of Cybercrime Centre

To intensify the fight against internet crime and enhance the security of business transactions, unicorn payments technology company, Flutterwave, says it is partnering the Economic and Financial Crimes Commission (EFCC) to establish and a state-of-the-art Cybercrime Research Centre. The fintech company with fortunes worth over $1bn headquartered in San Francisco with footprints in Nigeria and other African countries said the centre would also provide a “sustainable lifeline to youths across the country”. To this effect, the Silicon Valley-based company signed a Memorandum of Understanding (MoU) with the anti-graft agency on…

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Nigeria’s Debts Hit N121.67 Trillion

▪️How Country Acquired N24.33 Trillion Debt In Just Three Months – DMO       Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) in December 2023 to ₦121.67 trillion ($91.46 billion). The debt represents external and domestic borrowings by the Federal Government and the 36 state…

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Lagos APC Chieftain Dies In Mecca

The Lagos chapter of All Progressives Congress (APC) has described the death of its former welfare secretary, Ramota Bankole, as unfortunate and shocking. Ms Bankole, one of the Lagos APC women leaders from Epe Division, died while performing Hajj pilgrimage in Saudi Arabia. APC spokesman in Lagos, Seye Oladejo, said Thursday, “Her death is most shocking and unfortunate. She was a committed and experienced party leader.” The chairman of Epe LGA, Surah Animashaun, confirmed Bankole’s death on Thursday. READ ALSO Energy Theft: Nigeria Mulls Electricity Offences Tribunal Kano Orders Demolition…

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Energy Theft: Nigeria Mulls Electricity Offences Tribunal

The Federal Government said yesterday it was working on establishing an electricity offences tribunal to combat power theft in the country. Speaking at a briefing in Abuja, the Managing Director, Nigerian Electricity Management Services Agency, NEMSA, Aliyu Tahir, who disclosed this, said: “We are working on the establishment of an electricity offences tribunal with an in-built appeal system for faster dispensation of electricity-related offences. It is to vest NEMSA in-house counsel with powers to prosecute electricity offences.” Providing further explanation about the tribunal, Tahir said the initiative would adequately check…

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Kano Orders Demolition Of Bayero Palace

The Kano government has ordered the demolition of a section of the palace of Ado Bayero, the deposed 15th Emir of Kano. Haruna Dederi, Kano state attorney-general and commissioner for justice, said the government has directed the police to take over the Emir’s palace in Nassarawa LGA. Dederi said the state government has concluded arrangements for the general reconstruction and renovation of the palace, including demolishing “dilapidated walls”. Earlier on Thursday, a federal high court in Kano nullified all actions by the Kano state government repealing the Kano Emirates Council…

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Otedola Regains Position As First Bank’s Biggest Shareholder

Femi Otedola, billionaire businessman and chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank. According to corporate filings on the Nigerian Exchange Group (NGX) on Thursday, Otedola now owns 9.41 percent shares in the bank. This became possible after he purchased the group’s shares valued at N18.9 billion. According to the corporate filings, the billionaire paid N21.91 per share or N6.935 billion for 316,506,776 shares. He then bought an additional 546,674,034 shares through Calvados Global Services Limited, his holding company, for N21.97 per share…

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