The Fraud Called ‘Band A’ Electricity Tariff, By Ikechukwu Amaechi

ADEOLA YUSUF

No matter how anyone tries to rationalise the obtuse economic reforms of the Tinubu administration, the most searing no confidence vote in their sustainability has been passed by the president himself when the presidency announced that it was no longer sustainable for the Aso Rock Villa to continue paying the yearly N47 billion ‘Band A’ electricity tariff. Aso Rock’s move which jolted many is coming on the heels of increasingly unreliable public power supply, even as the cost soars for both households and government institutions. In 2024, the Abuja Electricity…

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EFCC Traces CBEX Funds To Four Countries, Says Full Recovery Impossible

ADEOLA YUSUF

The Economic and Financial Crimes Commission (EFCC) says it has traced funds linked to the failed crypto bridge exchange (CBEX) scheme to at least four countries. Speaking on Politics Today, a Channels Television programme, on Wednesday, Ola Olukoyede, EFCC chairman, said although efforts are underway to recover the stolen funds, full restitution to victims may be impossible. Olukoyede said several accounts have been blocked and funds frozen, although the amounts cannot be disclosed yet. READ ALSO: Saudi Arabia Imposes $26,661 Fine On Hajj Visa Violators
 Labour Asks Tinubu To Immediately…

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Saudi Arabia Imposes $26,661 Fine On Hajj Visa Violators


ADEOLA YUSUF

The Saudi Ministry of Interior has announced strict new penalties targeting individuals who violate Hajj permit regulations, including a heavy fine of $26,661 on those who apply for visit visas on behalf of people attempting to perform Hajj without proper authorisation. The new measures, released via the Saudi Press Agency (SPA), are part of intensified efforts to curb unauthorised access to Makkah and the holy sites during the annual pilgrimage. The enforcement period will run from the 1st of Dhul-Qi’dah to the 14th of Dhul-Hijjah, the Islamic calendar months surrounding…

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Labour Asks Tinubu To Immediately Reverse Fubara’s Suspension, Withdraw Tax Bills

ADEOLA YUSUF

The organised Labour in Nigeria has asked President Bola Tinubu to immediately reverse what it describes as the unconstitutional suspension of the elected Government of Rivers State via a state of emergency. This is part of the demands put forward by both the President of the Nigeria Labour Congress and the Trade Union Congress, Comrades Joe Ajaero and Festus Osifo, during the May Day celebration held at Eagle Square, Abuja. The labour leaders urged the Federal and state governments to cease actions that erode the civic space and deepen it…

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Court Orders BRT Driver Killed Over Bamise’s Murder

ADEOLA YUSUF

“You will be hanged by the neck until you are dead,” Justice Sherifat Sonaike merciless judgment for Andrew Ominikoron, who once admitted he raped the 22 year-old deceased whose mutilated body was dumped on Carter bridge + The Full story of criminal rape and merciless murder inside BRT   Justice Sherifat Sonaike of the Lagos State High Court, sitting at the Tafawa Balewa Square Annexe, has sentenced Bus Rapid Transit driver, Andrew Ominikoron, to death by hanging for the murder of 22-year-old Oluwabamise Ayanwola. Ominikoron was arraigned on a five-count…

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Court Dissolves 13-Year-Old Marriage Over Sexual Starvation

ADEOLA YUSUF

A Grade A Customary Court sitting at Mapo in Ibadan has dissolved a 13-year-old marriage between one Durojaye Akingbade and his estranged wife, Olabisi, on grounds of stubbornness and sexual starvation. Pronouncing the marriage dissolved, the Court President, Mrs S.M. Akintayo, held that the petitioner was no longer interested in continuing with the relationship and that the court could not force him to continue. Akintayo, therefore, ordered both Akingbade and Olabisi to go their separate ways, in the interest of peace and tranquility. READ ALSO: Banks’ Customers Now Pay N6…

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Banks’ Customers Now Pay N6 Per SMS Transaction Alert

ADEOLA YUSUF

Banks will commence implementing charges for alerts and other short messages (SMS) communications to their customers at the rate of N6 for every SMS transaction with effect from today. This is coming on the heels of the increase in telecommunications rates by telecommunication providers following a nod by the Federal Government. The SMS charges were increased by 50% to N6 from the previous N4 per message. READ ALSO: ‘Effective June 1,’ English FA Bans Transgender From Women’s Football NLC Demands 65-Year Retirement Age For Civil Servants Alaafin Opens Up As…

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‘Effective June 1,’ English FA Bans Transgender From Women’s Football

ADEOLA YUSUF

The Football Association of England has announced that transgender women will be banned from participating in women’s football starting June 1. The decision follows a ruling by the UK Supreme Court on April 16, which held that, under equalities law, a woman is defined by biological sex. The association cited this as a key factor in updating its policy. In a statement released by the English FA on Thursday, the association said it remains committed to making football accessible but must align with the current legal definitions and ensure fairness…

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NLC Demands 65-Year Retirement Age For Civil Servants

ADEOLA YUSUF

The Nigeria Labour Congress (NLC) has called on the federal government to raise the retirement age for all civil servants to 65 years or 40 years of service, aligning with conditions already granted to select sectors. Speaking during the May Day celebration at Eagle Square in Abuja on Thursday, NLC President Joe Ajaero made the appeal while presenting the union’s key demands. “It is imperative to extend the revised retirement age of 65 years or 40 years of service currently enjoyed by teachers, health professionals, and judges to all public…

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CBEX Resumes Operations Amid SEC Ban, N1.2tn EFCC Probe

ADEOLA YUSUF

The Crypto Bridge Exchange (CBEX) trading platform has resumed operations despite the probe launched by the Economic and Financial Crimes Commission (EFCC) over alleged N1.2 trillion digital fraud. The development was disclosed by two traders on Wednesday, who added that the platform announced fresh withdrawal options to restore investor confidence following the infamous crash of the platform. Per the report, CBEX quietly resumed operations, with new users now allowed to register, trade, and withdraw profits amid ongoing investigations by regulatory agencies. It was also gathered that existing investors who have…

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