Category: Leadership

Court Orders Final Forfeiture Of $4.7m, ₦830m, Properties Linked To Emefiele

ADEOLA YUSUF

The Federal High Court in Lagos has ordered the permanent forfeiture of $4.7 million, ₦830 million, and multiple properties linked to the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Yellim Bogoro in a judgment delivered on Friday also ordered the final forfeiture of investments worth $900,000 traced to one of Emefiele’s close relative, Anita Joy Omoile. READ ALSO: UCL: Real Madrid Meet Atletico Madrid As Bayern Munich Play Bayer Leverkusen + FULL DRAW Nigeria Terminates Oyo-Ogbomoso Road Contract Awarded To RCC I’m Not Looking For…

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Nigeria Terminates Oyo-Ogbomoso Road Contract Awarded To RCC

ADEOLA YUSUF

The Federal Government has terminated the 98km Oyo-Ogbomoso Road contract awarded to Reynolds Construction Company (RCC). The Minister of Works, Dave Umahi, disclosed this on Thursday at a Federal Roads Stakeholders’ engagement, themed, ‘Enhancing Federal Roads in Oyo State: Challenges and Sustainable Solutions,’ in Ibadan, the Oyo state capital. Umahi added that the contract would be re-awarded to a new contractor soon. Recall that the Oyo/Ogbomoso road construction has been stalled for a long time, leading to several loss of lives in accidents and loss of revenue to traders and…

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Global Ratings Not Nigeria’s Anti-Corruption Focus – EFCC Boss

ADEOLA YUSUF

Ola Olukoyede, chairman of the Economic Financial Crimes Commission (EFCC), says Nigeria has recorded “substantial progress” in the fight against corruption. Speaking on Tuesday at the public presentation of a report reviewing Nigeria’s performance in Transparency International’s Corruption Perception Index (TI-CPI) from 2019 to 2024, Olukoyede highlighted major achievements in the country’s anti-corruption efforts. The EFCC chairman urged Nigerians to focus on internal progress rather than international ratings, arguing that many of the country’s recent successes are not reflected in global assessments. “There is no gainsaying the fact that in…

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Nigerian Govt Slams Binance With Fresh $81.5bn Lawsuit

ADEOLA YUSUF

The Federal Government has asked an Abuja Federal High Court to compel cryptocurrency platform, Binance, to pay N79.51 billion and N231 million, which is equivalent to $81.5 billion, as penalty for alleged economic losses caused by its operations in Nigeria. The plaintiff, the Federal Inland Revenue Service, in a charge seen by DAILY POST on Wednesday, marked FHC/ABJ/CS/1444/2024, is also seeking payment of $2.001 billion in income taxes for 2022 and 2023. In the lawsuit, Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, are accused of contravening…

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Publish Details of Dormant Accounts, Unclaimed Balances, CBN Orders Banks

ADEOLA YUSUF

The Central Bank of Nigeria (CBN) has instructed all banks and financial institutions to publicly disclose details of dormant accounts, unclaimed balances, and other financial assets on their official websites. According to CBN, a dormant account refers to a bank account that has remained inactive for at least one year. The directive was outlined in a circular issued on Monday, titled “Guidelines on Management of Dormant Account, Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions in Nigeria.” The circular was signed by Michael Akuka on…

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Boko Haram: US To Audit Aid Funds To Nigeria

ADEOLA YUSUF

The United States Mission to Nigeria has announced an investigation into how past aid allocated to Nigeria and other countries has been utilised. This follows US President Donald Trump’s January 20, 2025, decision to suspend all foreign aid for 90 days, citing concerns about global destabilisation and misalignment with American interests. The move responds to growing calls for a comprehensive review of US Agency for International Development (USAID) health funds. In a post on its verified X (formerly Twitter) handle on Tuesday, the US Mission to Nigeria confirmed that monitoring…

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‘Missing’ Osun Monarch In FBI Custody Over ‘$4.2 Million COVID-19 Fraud’

ADEOLA YUSUF

Joseph Oloyede, the Apetu of Ipetumodu in Osun state, has been taken into custody by the United States Federal Bureau of Investigation (FBI) after being indicted for conspiracy, wire fraud, and money laundering. Oloyede was crowned as the monarch of Ipetumodu in 2019 but frequently travelled between Nigeria and the US for “royal and personal engagements”. Indigenes began raising concerns after his throne was vacant for nearly a year. READ ALSO: ‘We Are Tired,’ UCH Doctors Begin Strike Over Power Outage HEIRS Energies Rallies Industry Leaders For Nigeria’s Oil Output…

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‘We Are Tired,’ UCH Doctors Begin Strike Over Power Outage

ADEOLA YUSUF

‘A tertiary hospital in darkness,’ What-led-to-what details of UCH disconnection by IBEDC that has lasted for four months   Members of the Association of Resident Doctors at University College Hospital in Ibadan have embarked on an indefinite strike, an official said on Monday. The association’s General Secretary, Dr Uthman Adedeji, told the News Agency of Nigeria in Ibadan, Oyo State capital that the strike was due to a power outage in some of the hospital’s residential areas. NAN recalls that the Ibadan Electricity Distribution Company, reconnected UCH on Wednesday, after…

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First Lady Sprayed Dollar At Event — Report

ADEOLA YUSUF

A widely circulated video on social media has stirred controversy, showing Katsina State’s First Lady, Hajiya Fatima Dikko Radda, allegedly spraying US dollars at an event. The footage, primarily shared on Instagram, has sparked criticism, with many questioning the insensitivity of such an act. This is more so in a state grappling with terrorism, kidnapping, poverty, and a high number of out-of-school children. READ ALSO: Nedu Didn’t Know I Was Using Him To Expose VDM — Deeone Police Officer Dies Inside Hotel, Female Guest Flees ‘Landing In Lagos Shortly,’ US…

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Nedu Didn’t Know I Was Using Him To Expose VDM — Deeone

ADEOLA YUSUF

A former Big Brother Naija reality show star, Deeone, has revealed that Chinedu Ani Emmanuel, popularly known as Nedu Wazobia, was unaware that he used his appearance on Honest Bunch podcast to expose VeryDarkMan. Deeone revealed this in an interview on a Television Continental programme: “Breakfast Show,” after Nedu resigned from his job. The resignation followed the backlash that attended the revelation on VDM by Deeone on the Honest Bunch podcast and the reaction of VeryDarkMan. READ ALSO: Police Officer Dies Inside Hotel, Female Guest Flees ‘Landing In Lagos Shortly,’…

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