Day: August 21, 2024

‘Why Doubters Should Watchout;’ IMPI Likens Tinubu To Rogan on Policies

Aliyu Aliyu

. Says president will prove doubters wrong The Independent Media and Policy Initiative (IMPI) has said that President Bola Tinubu’s policies will eventually have a positive impact on the Nigerian economy inspite of the short term pains. The policy think tank came to that conclusion after analysing the President’s nationwide broadcast in the aftermath of the August 1 to 10 protest. In a policy statement signed by its Chairman Niyi Akinsiju, IMPI compared the Tinubu administration’s policy thrust to that of some former Western leaders which were initially vilified, but…

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EFCC’s Bid for Whistle-Blowers’ Protection, By Tunde Rahman

ADEOLA YUSUF

“The recovery, through a whistler-blower’s effort, of $43.5million, GBP27, 800 and N23.2million at No. 16 Osborne Road, Ikoyi in Lagos is particularly remarkable.” Delivering a paper on the “Impact of the whistleblowing policy on public sector accountability and transparency” on Thursday July 11, 2024 at the Inter-agency Task Team (IATT) conference in Abuja, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Olanipekun Olukoyede, reopened the debate about the imperative of effective engagement of whistle-blowers in the battle against corruption. Restarting the conversation, perhaps unwittingly, he identified…

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Fake Milo Beverage Floods Market, NAFDAC Begins Mop-up

Ganiyu Amodu

The Bauchi State Office of the National Agency for Food and Drugs Administration and Control, has begun a three-day exercise in markets in Bauchi State to mop up fake Milo chocolate drinks in circulation. The Bauchi State Coordinator of NAFDAC, Dr Paul Kamai made this known on Wednesday in an interview with the News Agency of Nigeria in Bauchi. ”The NAFDAC office began the inspections in markets and superstores to get rid of the fake Milo in circulation following a directive from the Headquarters. “This exercise will last for three…

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Slained Abuja Crossdresser Identified As Probe Continues

Ganiyu Amodu

The Federal Capital Territory Police Command said it has identified the corpse of a crossdresser found on Katampe-Mabushi Expressway in Abuja as Ifeanyi Chukwu-Agah Benedict. The Command’s Public Relations Officer, Josephine Adeh, in a statement on Wednesday identified the crossdresser as a 33-year-old man. Benedict was said to have hailed from Afikpo North Local Government Area of Ebonyi State. The statement by Adeh, a Superintendent of Police, said: “Sequel to a case of culpable homicide and discovery of an unidentified male corpse earlier mistaken for a female on August 8,…

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‘You Can’t Force Us To Sell To Dangote, Others,’ Oil Producers Tell NNPCL

ADEOLA YUSUF

Oil producers under the aegis of the Independent Petroleum Producers Group have told the Nigerian National Petroleum Company Limited that they cannot be forced to sell their products to Dangote Petrochemical Refinery Company and other local refineries. The Chairman of IPPG, Abdulrazak Isa, made the position of the group known in a letter he signed dated August 16, 2024. The letter, addressed to the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, rather told the NNPCL to utilise its allocated 445,000 barrels of oil per…

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‘How Tinubu Got Money To Acquire Used Jet From Arabs,’ – Aide Opens Up

ADEOLA YUSUF

The Senior Special Assistant on Print Media to the President, Abdulaziz Abdulaziz, has revealed how the Federal Government raised money to acquire a presidential jet for the use of President Bola Tinubu despite the fact that it was not appropriated for. The presidential aide was quoted to have made the revelation in an interview he granted BBC Hausa Service, monitored by Vanguard. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, had confirmed the existence of a new presidential jet on Monday when he said that was…

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Chinese Firm to Sell Seized Nigerian Properties in UK to Recover $70m Judgement Debt

ADEOLA YUSUF

A Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, has taken possession of two residential properties in Liverpool, UK, owned by Nigeria, to recover a $70 million judgement debt. The properties were seized in June 2024 after Nigeria failed to settle a 2021 arbitration ruling. The properties, valued at $2.2 million, will be sold on online marketplaces like eBay to recover the debt, which includes $55.7 million in arbitration awards, $9.4 million in interest, and £2.86 million in legal costs. The dispute arose from a 2001 trade agreement between Nigeria…

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‘Even If We Don’t Do Psquare, Can’t We Still Be Brothers?’ – Paul Okoye Cries Out

ADEOLA YUSUF

Popular Nigerian singer Paul Okoye, popularly known as Rudeboy of the Psquare group, has expressed his dismay over the ongoing feud between him and his brothers, Peter Okoye (Mr P) and Jude Okoye. In a recent statement, Paul questioned why they cannot come together as a family despite no longer being in business together. The P-Square crisis, which has been making headlines, took a new turn when Paul accused his twin brother, Peter, of petitioning the Economic and Financial Crimes Commission (EFCC) to have him arrested. This allegation came to…

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Ex-Anambra Deputy Speaker Slumps, Dies After Exercise

Abibat Babalola

The former Deputy Speaker of the Anambra State House of Assembly, Harford Oseke, has slumped and died. According to reports, Oseke had just finished his regular exercise routine at the Alex Ekwueme Square in Awka, the state capital when he suddenly collapsed. Efforts to revive him proved abortive and he was pronounced dead shortly after the incident. His body has since been deposited at the Apex Medical Centre in Awka. READ ALSO: CBN Records All-Time High Remittance Inflows Of $553m In July POETRY AND NTUK’S TORUS OF VERSES, By Akpandem…

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CBN Records All-Time High Remittance Inflows Of $553m In July

Abibat Babalola

The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024, a 130 percent increase from the corresponding period in 2023. In a statement on Tuesday, Hakama Sidi Ali (Mrs.), Ag. Director of the Corporate Communications Department at the CBN, said this figure represents the highest monthly total inflows on record and reflects ongoing efforts by the apex bank to enhance liquidity in Nigeria’s foreign exchange market. She noted that the substantial growth in remittance receipts is attributable to policy measures…

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