Lagos APC Chieftain Dies In Mecca

ADEOLA YUSUF

The Lagos chapter of All Progressives Congress (APC) has described the death of its former welfare secretary, Ramota Bankole, as unfortunate and shocking. Ms Bankole, one of the Lagos APC women leaders from Epe Division, died while performing Hajj pilgrimage in Saudi Arabia. APC spokesman in Lagos, Seye Oladejo, said Thursday, “Her death is most shocking and unfortunate. She was a committed and experienced party leader.” The chairman of Epe LGA, Surah Animashaun, confirmed Bankole’s death on Thursday. READ ALSO Energy Theft: Nigeria Mulls Electricity Offences Tribunal Kano Orders Demolition…

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Energy Theft: Nigeria Mulls Electricity Offences Tribunal

ADEOLA YUSUF

The Federal Government said yesterday it was working on establishing an electricity offences tribunal to combat power theft in the country. Speaking at a briefing in Abuja, the Managing Director, Nigerian Electricity Management Services Agency, NEMSA, Aliyu Tahir, who disclosed this, said: “We are working on the establishment of an electricity offences tribunal with an in-built appeal system for faster dispensation of electricity-related offences. It is to vest NEMSA in-house counsel with powers to prosecute electricity offences.” Providing further explanation about the tribunal, Tahir said the initiative would adequately check…

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Kano Orders Demolition Of Bayero Palace

ADEOLA YUSUF

The Kano government has ordered the demolition of a section of the palace of Ado Bayero, the deposed 15th Emir of Kano. Haruna Dederi, Kano state attorney-general and commissioner for justice, said the government has directed the police to take over the Emir’s palace in Nassarawa LGA. Dederi said the state government has concluded arrangements for the general reconstruction and renovation of the palace, including demolishing “dilapidated walls”. Earlier on Thursday, a federal high court in Kano nullified all actions by the Kano state government repealing the Kano Emirates Council…

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Otedola Regains Position As First Bank’s Biggest Shareholder

ADEOLA YUSUF

Femi Otedola, billionaire businessman and chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank. According to corporate filings on the Nigerian Exchange Group (NGX) on Thursday, Otedola now owns 9.41 percent shares in the bank. This became possible after he purchased the group’s shares valued at N18.9 billion. According to the corporate filings, the billionaire paid N21.91 per share or N6.935 billion for 316,506,776 shares. He then bought an additional 546,674,034 shares through Calvados Global Services Limited, his holding company, for N21.97 per share…

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BREAKING: Court Reinstates Bayero As Kano Emir

ADEOLA YUSUF

A Federal High Court in Kano has set aside the Kano State Emirate Law 2024, which dissolved the five Emirates in Kano State The court dismissed all steps taken by the Kano State Government to repeal the Kano Emirates Council Law relied upon by the state to dethrone the 15th Emir of Kano, Ado Bayero and four others. Justice Abdullahi Muhammad Liman, while ruling on Thursday, set aside the action of Kano government, ordering parties to maintain status quo. Recall that the Kano House of Assembly had repealed the law…

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Nigeria Announces Sulphur Cap On Oil Products Import

ADEOLA YUSUF

Nigeria has reduced the sulphur cap on refined oil product imports to 50 Parts Per Million (ppm) according to market participants. The new cap which took effect at the start of June, according to sources — marks a sharp reduction from a previous 200 ppm limit set on March 1. According to sources, there was no widespread information campaign to make market participants aware of the specification change. The lower sulphur limit comes as Nigeria braces for the imminent ramp-up of 10 ppm ultra-low sulphur diesel production at the Dangote…

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Cholera Kills 21 In Lagos, Infects 401 As Outbreak Escalates

ADEOLA YUSUF

Hot spots of cholera: Full list of Lagos areas that are now the hot beds of the dreaded disease   Cholera outbreak in Lagos State has escalated, with the number of suspected cases rising to 401 and resulting in 21 fatalities. The increase was confirmed by Dr Kemi Ogunyemi, Special Adviser to the Lagos State Governor on Health, in a recent update. Lagos Island, Kosofe, and Eti Osa local government areas have recorded the highest numbers of cases. Cholera is a water and food-borne disease caused by ingesting the bacterium…

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NNPCL, TotalEnergies Ink $500m Gas Deal

ADEOLA YUSUF

The Nigerian National Petroleum Company Limited, NNPCL and TotalEnergies are working towards investing $550 million to develop a gas processing facility in Rivers State. The aim is to boost exports and domestic supplies. The investment according to reports would include a gas processing plant and a pipeline. The report quoting an unarmed NNPCL source said an announcement would be made this week. The gas processing facility will be built on the Ubeta onshore gas field, jointly owned by Total and NNPC, and will supply gas to the Nigeria Liquefied Natural…

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Ogun Monarch, Oba Olufemi Ogunleye Dies At 79

ADEOLA YUSUF

The Towulade of Akinale in Ewekoro Local Government Area of Ogun State, Oba Olufemi Ogunleye, is dead. Dr Kunle Adesina, on behalf of the family, in a statement issued on Thursday, confirmed the passage of the royal father, who died at 79. The statement read, “With gratitude to God, the entire Ogunleye Family of Akinale and Delesolu Compound, Ago-Owu, Owu Kingdom Abeokuta, hereby announce the passing unto glory of our illustrious son, father and grandfather, His Royal Highness Oba (Dr.) Olufemi Okesooto lyanda Adewunmi Ogunleye, Towulade 1 of Akinale, Owu…

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Nigeria Announces Plan To Send First Citizen To Space

ADEOLA YUSUF

The Nigerian Government has announced that it is sending its first citizen into space The Director General of the National Space Research and Development Agency, NASRDA, Mathew Adepoju, made this known at a press conference in Abuja on Wednesday. He said that the government had signed a Memorandum of Understanding, MoU, with the Space Exploration and Research Agency, SERA, to facilitate the ambitious venture. READ ALSO: Makinde Approves Appointment Of Olakunleyin As 43rd Olubadan Untold Story Of Farooq Oreagba, Cancer Survivor Who Won Hearts At Ojude Oba Don’t Keep Cooked…

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