Month: June 2024

NCDMB Shares Local Content Experiences With Uganda Energy Officials

ADEOLA YUSUF

Key officials of the Uganda National Oil Company (UNOC) on Monday began a working visit to the Nigerian Content Development and Monitoring Board (NCDMB), stating that they were here to learn and that their country stands to gain substantially from Nigeria’s experience in local content development. Welcoming the four-member UNOC delegation at a meeting at the Nigerian Content Tower, Corporate Headquarters of the NCDMB, Swali, Yenagoa, the Director, Monitoring and Evaluation, Alhaji Abdulmalik Halilu, said the visit would open up new vistas for mutually beneficial collaboration in oil and gas…

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NCDMB Plans Changes To Enhance Nigerian Content Fund

ADEOLA YUSUF

The Nigerian Content Development and Monitoring Board (NCDMB) plans to introduce some changes that will enhance the Nigerian Content Intervention (NCI) Fund and increase the fund’s impact and efficiency. The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe hinted at the changes at the quarterly engagement forum held with the Bank of Industry (BoI), custodians of the fund on Monday in Lagos. Commenting on the performance of the Fund, the Executive Secretary confirmed that the NCI Fund has since its inception played a…

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Court Orders Forfeiture Of Property Worth N11.14bn Linked To Emefiele

ADEOLA YUSUF

A Federal High Court in Lagos, yesterday, granted an order for the interim forfeiture of property valued at N11.14 billion allegedly linked to former Central Bank of Nigeria, CBN, governor, Mr. Godwin Emefiele. Trial judge, Justice Chukwujekwu Aneke, granted the order following an-ex parte application filed and argued by Economic and Financial Crimes Commission, EFCC, counsel, Mr. Rotimi Oyedepo, SAN. The court’s order mandates the interim forfeiture of the property to the Federal Government. Oyedepo informed the court that Emefiele was suspected of purchasing the high-value property, primarily located in…

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Due Process Followed In Ongoing Trial Of Binance, Says Nigeria

ADEOLA YUSUF

The federal government says due processes are being applied in the ongoing trial of Binance, a popular cryptocurrency platform, and Tigran Gambaryan, one of its executives. On February 28, the government detained two top executives of Binance as part of a probe bordering on illegal operations in the country and foreign exchange rate manipulations. The detained executives included Nadeem Anjarwalla, a 37-year-old British-Kenyan and Binance’s regional manager for Africa; and Tigran Gambaryan, a 39-year-old US citizen and Binance’s head of financial crime compliance. READ ALSO: Kaduna Assembly Indicts El-Rufai, Aides…

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Kaduna Assembly Indicts El-Rufai, Aides In Alleged N423bn Fraud

ADEOLA YUSUF

The Kaduna State House of Assembly committee has indicted former Governor Nasir el-Rufai and several of his aides for allegedly siphoning over N423 billion of the state’s resources from 2015 to 2023. The House also asked the incumbent governor, Uba Sani, to refer those indicted, including former commissioners for finance, heads of agencies, and accountants-general who served during the period under review, to relevant security agencies for further investigation. Presenting the report during a plenary sitting, the chairman of the 13-member ad hoc committee and the Deputy Speaker of the…

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Nigerian Govt Finally Admits Paying Fuel Subsidy, Mulls N5.4Trn For Scheme

ADEOLA YUSUF

In a surprising turn of events, the federal government has finally admitted Africa’s biggest oil-producing country will be spending up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies. The revelation came during a presentation by Wala Edun, the minister of finance and coordinating minister of the economy on an Accelerated Stabilisation and Advancement Plan (ASAP), designed to address key challenges affecting the reform initiatives and stimulate development in various sectors of the economy. At…

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Top UK Universities Face Funding And Foreign Student Shortage

ADEOLA YUSUF

Some of UK’s top universities could see their attractiveness decline due to hits to funding and tighter regulations on overseas students, the annual QS 2025 university rankings warned on Tuesday. Four British universities retained their spots in the top 10 of more than 1,000 universities ranked by Quacquarelli Symonds (QS), a benchmark ranking alongside the Times and Shanghai Jiao Tong University. Imperial College London, renowned for its science teaching, shot up from sixth to second place, dethroning for the first time the historically dominant “Oxbridge” duo, with Oxford and Cambridge…

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Woman Declared Dead Is Found Alive At Funeral Home

ADEOLA YUSUF
Corpse (of a dead person)

A Nebraska woman who was pronounced dead at a nursing home on Monday was discovered breathing hours later by a funeral home employee, the authorities said. The woman, Constance Glantz, 74, of Lincoln, Neb., was brought to a hospital and declared alive, Chief Deputy Ben Houchin of the Lancaster County Sheriff’s Office said at a news conference on Monday. Ms. Glantz died hours after the error was discovered, he told reporters on Tuesday. “At this point we have not been able to find any criminal intent by the nursing home,…

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McEnies Boss, Omolaraeni Olaosebikan, Advocates National AI Strategy For Nigeria

ADEOLA YUSUF

. Celebrates Oxford Varsity AI Skills’ Acquisition, IMC Fellowship   Group Chief Executive Officer of McEnies Global Communications, Dr. Omolaraeni Olaosebikan, has advocated a national strategy for Nigeria on artificial intelligence. Olaosebikan, who said this when she hosted a media engagement on Thursday, also shed light on her latest artificial intelligence skill and knowledge acquisition. The feats, according to the trained intergrated marketing communication stategist, were achieved at both Said Business School, the University of Oxford, and the Institute of Management Consultants (IMC). A statement sent to Platforms Africa also…

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Police Grill Mohbad’s Dad Over Petition By Lagos Monarch

ADEOLA YUSUF

Joseph Aloba, father to the late singer, Ilerioluwa Aloba, aka Mohbad, was on Monday grilled by officers of the Force Criminal Investigation Department, Alagbon in the Ikoyi area of Lagos State over a petition filed by Oba Saheed Elegushi. The head of the Aloba legal team, Monisola Odumosu, in a statement on Tuesday, said the petition borders on cyberbullying, cyberstalking, and criminal defamation. Odumosu explained that the allegation came on the heels of an interview granted by Aloba recently. The statement read in part, “Mr Aloba was invited by the…

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