Day: January 10, 2025

US Inks Deal to Return $52.88 Million Recovered From Diezani

Ganiyu Amodu

In a bid to end the cycle of corruption which has hampered development in Nigeria, diplomatic efforts are being made by the federal government, to initiate recovery of looted funds stashed in foreign lands. This is yielding results, as the United States of America signed an agreement in Abuja to return 52.88 million dollars illicit funds recovered from Diezani Allison -Madueke, former petroleum resources minister and her associates. ‘Iku Baba Yeye!’ Seven Things To Know About New Alaafin, Oba Abimbola Owoade ‘It’s Akeem Owoade,’ Makinde Appoints Canada-Based Prince as New…

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‘Iku Baba Yeye!’ Seven Things To Know About New Alaafin, Oba Abimbola Owoade

Ganiyu Amodu

The Oyo state governor, Seyi Makinde, has appointed Prince Abimbola Akeem Owoade as the new Alaafin of Oyo. Platforms Africa presents seven things hitherto unknown about the new alaafin of Oyo, whose forebears are known among the Yorubas as Iku baba yeye, the second in command only to the gods. 1. Prince Akeem attended Baptist High School, Saki, before earning a National Diploma in Mechanical Engineering from The Federal Polytechnic, Ilaro (1994 — 1997). 2. He had his Higher National Diploma in the same field from The Polytechnic, Ibadan (1999…

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‘It’s Akeem Owoade,’ Makinde Appoints Canada-Based Prince as New Alaafin

Gbenga Adeoti

Has this ended the two-year face-off over the vacant Alaafin of Oyo stool?     Governor of Oyo State, Seyi Makinde, has approved the appointment of a Canada-based businessman, Abimbola Akeem Owoade, as the new Alaafin of Oyo. Makinde said that the approval for the new monarch was issued after a thorough review of the Oyo kingmakers, the Oyomesi, recommendation which they claimed was based extensive consultations and traditional divinations. Fresh Controversy Rocks Alaafin Stool, Kingmakers Uncover Plan To Replace Gbadegesin Oyo Palace Aide Who Outlived Three Alaafins Dies At…

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Makinde Announces Owoade As New Alaafin Of Oyo

Ganiyu Amodu

Oyo State governor, Seyi Makinde, has formally approved the selection of Prince Abimbola Akeem Owoade as new Alaafin of Oyo. A statement signed by the Commissioner for Information and Orientation, Prince Dotun Oyelade, said that Prince Abimbola Akeem Owoade after thorough consultations and divinations, has been recommended by the Oyomesi and approved by the Governor of Oyo State. According to the commissioner, a statement to this effect has been issued by the Honourable Commissioner for Local Government and Chieftaincy Affairs, Hon. Ademola Ojo, who said that the announcement has put…

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CBN Suspends Extension Of Export Proceeds On Behalf Of Exporters

Abibat Babalola

The Central Bank of Nigeria (CBN) has suspended the extension of export proceeds by banks on behalf of exporters. Ag. Director of Trade and Exchange Department, Dr. W.J Kanya, disclosed this yesterday in a circular to Authorised Dealers and the general public, adding that that the decision was Pursuant to provision of Memorandum 10A (23a) and Memorandum 10B (20a) of the Foreign Exchange Manual Revised Edition of March 2018 in respect of repatriation of export proceeds for oil and non-oil export. The apex bank directed that from the date of…

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Sanwo-Olu Signs N3.366trn Lagos 2025 Budget

Abibat Babalola

Lagos State Governor, Babajide Sanwo-Olu, has signed a budget of N3.366 trillion into law for the 2025 fiscal year. Sanwo-Olu’s Special Adviser on Media and Publicity, Gboyega Akosile, disclosed this on X on Thursday, Jan. 9. He wrote: “The budget size is N3.366 trillion meant for the continuation of the great works of the Sanwo-Olu/Hamzat administration.” This comes three days after the budget was passed by the Lagos State House of Assembly. The house on Monday, Jan. 6, passed the appropriation bill following the presentation of a report on the…

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Nigeria, China Mull Military Equipment Production Deal

Abibat Babalola

President Bola Tinubu on Thursday urged the government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries. He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year. China and Nigeria recently renewed their currency swap agreement, valued at 15 billion yuan (approximately $2 billion), to enhance trade and investment. Receiving the Minister of Foreign Affairs of China, Wang Yi, at the State…

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Japa: Nigerians Face Massive Schengen Visa Rejection — Report

Abibat Babalola

Nigerians are facing significant visa rejections for intending travellers to Schengen nations amidst the growing rate of migration to developed countries. Half of all visa applications to the destination by Nigerians were rejected. The latest Henley Global Mobility Report January 2025, published by Henley & Partners, indicates that out of 105,926 Schengen visa applications submitted by Nigerians in 2024, 42,940, representing 40.8 per cent of the total application were rejected. Migration has been part of the Nigerian middle-class psyche for decades, but the migration rate has increased in the last…

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‘Law For The Poor Only?’ Reactions As Police Arrest Officer In Okoya Sons’ Video

Gbenga Adeoti

The viral video shows two sons of the billionaire business mogul, Chief Rasaq Okoya, abusing the naira, an offence that once led to a jail term for the popular crossdresser, Bobrisky   The policeman captured in the recent viral video shared by the sons of the lagos businessman, Chief Okoya, where they were abusing the naira, has been identified and detained for disciplinary action. This announcement made by Muyiwa Adejobi, Force Public Relations Officer, on his verified Facebook page has been greeted by reactions from Nigerians who demanded the arrested…

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