Day: August 16, 2024

Chinese Firm Releases One Presidential Jet

ADEOLA YUSUF

Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese firm has released one of the seized Nigeria’s presidential jets. Recall that Zhongshan, the Chinese firm had secured a court order to confiscate three Nigerian presidential jets pending when Zhongshan receives $74.5 million awarded to it against Nigeria. The spokesperson of the company who made this known to newsmen on Friday said, the company released the aircraft because President Bola Ahmed Tinubu would need it to travel to a scheduled meeting with President Macron of France early next week. His words according…

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‘It Just Makes Me Laugh,’ Obasanjo Reacts To Claim His Father Is Igbo

ADEOLA YUSUF

Former President Olusegun Obasanjo for the first time reacted to the claim of his Igbo paternity, declaring that such insinuation makes him laugh. This is just as the former President said he doesn’t believe anybody in Nigeria should be driven away from any part of the country declaring that, “we own this country together.” Obasanjo, according to a statement on Friday issued by his Special Assistant on Media, Kehinde Akinyemi, said this when he received on Thursday the leadership of Ndigbo Amaka Progressive Market Association, an umbrella body of major…

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N90bn Hajj Subsidy: NAHCON Boss Paid Self N21. 2m, Officials N16.9m

Ganiyu Amodu

▪️BBC gives details of fraud, payment inflation in Hajj commission   More details have emerged in the ongoing probe of how the N90 billion subsidy released by the Nigerian government for the 2024 Hajj operation was spent by the National Hajj Commission of Nigeria (NAHCON). A report by BBC showed that the NAHCON chairman, Mr. Jalal Arabi, paid himself N21.2 million, instead of N6.7m; and paid commissioners N16.9 million instead of N6, 7 million. Quiting a source within the Economic and Financial Crimes Commission (EFCC), the report revealed that a…

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“900k To 1.53m bopd,” Mele Kyari’s Magic That Rebooted Nigeria’s Output

ADEOLA YUSUF

“Not just gloom and doom and missed deadlines for delivering on refinery overhauls and construction of grid length gas pipelines,” Full report on First E&P narration of how NNPC saved company, provided visionary leadership for industry   Despite the harsh criticisms of the Nigerian National Petroleum Company Limited (NNPCL), the national oil company under Mele Kyari as Group CEO, has in recent times worked very hard to improve Nigeria’s daily crude production by as much as 60,000 barrels per day, it was learnt yesterday. Slowly and steadily, the Group Chief…

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Gunmen Kidnap Over 20 Medical Students In Benue

ADEOLA YUSUF

Over 20 medical and dental students, along with a House Officer, have been kidnapped by gunmen in Benue State. The students, from the University of Maiduguri and the University of Jos, were on their way to attend the annual convention of the Federation of Catholic Medical and Dental Students, FECAMDS, in Enugu. The kidnapping occurred around 5:30 p.m. in the Otukpo area of Benue State, where the students were ambushed by the gunmen while travelling together. READ ALSO How Nigerian Govt Turned Citizens To Beggars – Afe Babalola Nigeria’s Inflation…

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How Nigerian Govt Turned Citizens To Beggars – Afe Babalola

Abibat Babalola

FOUNDER of Afe Babalola University Ado-Ekiti, ABUAD, Aare Afe Babalola, yesterday, took a swipe at the Federal Government over the distribution of palliatives, describing it as an attempt to turn Nigerians to beggars and leading them to poverty. Babalola made this known when the Prestige Sisters League came on a thank-you visit to him at the ABUAD campus. Speaking on the recent protest across the country, he said that those protesting against hunger do so because everyone knows there is hunger in the country. He said: “Those who are complaining…

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Nigeria’s Inflation Rate Drops To 33.4% In July — NBS

Abibat Babalola

A newly published report by the National Bureau of Statistics (NBS) has indicated a decline in Nigeria’s headline inflation rate to 33.40 per cent in July 2024 from 34.19 per cent in June 2024. The development marks the first since December 2022, when it last dropped to 21.34 per cent. According to the Bureau’s Consumer Price Index (CPI) report for July 2024, the headline inflation rate decreased by 0.79 percentage points in July 2024 compared to June 2024. A breakdown of the figure showed that on a year-on-year basis, the…

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‘Since I Have known Tinubu, He Uses Only One Wristwatch’ – Shettima

Abibat Babalola

Vice President Kashim Shettima has called on Nigerians to support President Bola Tinubu in his efforts to tackle the country’s socio-political, economic, and security issues. This comes as he shared details of the modest lifestyle of the president while speaking at the launch of Professor Modupe Adelabu’s book, Navigating the Politics of Universal Education Policies in Nigeria, in Abuja on Thursday. Shettima while asserting that President Tinubu is deserving of the trust of Nigerians assured citizens that the tough measures being implemented by the government will soon yield positive results.…

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