A Federal High Court sitting in Lagos has granted the Federal Government an order of interim forfeiture of property valued at N11,140,000,000.00 linked to the embattled former Central Bank of Nigeria governor, Godwin Emefiele. On Wednesday, the presiding judge, Justice Chukwujekwu Aneke, made the order following a motion filed and argued by the counsel for the Economic and Financial Crimes Commission, Rotimi Oyedepo (SAN). Oyedepo told the court that Emefiele was suspected to have purchased the choice property, mostly located in highbrow parts of the Federal Capital Territory, Abuja, by proxy, with the proceeds of fraud. EFCC’s lawyer said the…
Author: Daily News Hub
Nigerian Deposit Insurance Corporation, on Wednesday, assured depositors of Heritage Bank that they’ll be refunded their money with the liquidated Heritage Bank. To this end, NDIC said it has commenced the process of payment to all depositors of the bank. NDIC Managing Director, Bello Hassan, gave this assurance at a press briefing in Abuja. Hassan, who outlined the processes of repayment, insisted that NDIC would not wait till 30 days as stipulated by law, but would settle customers within one week. The NDIC boss said, “Preliminary findings show that depositors fund was about N650 billion while the Bank loans was…
…as Committee accuses ex-gov of fraud, money laundering, submits report Samuel Adesola, Kaduna Kaduna State House of Assembly has recommended the immediate past governor of the state, Mallam Nasir El-Rufai for probe for allegedly siphoning the sum of N423billion and perpetrating fraud and money laundering during his eight-year tenure. The recommendation is contained in the report of the Assembly Committee which probed alleged corruption and financial irregularities during El-Rufai’s tenure. The Committee has already submitted the report. Chairman of the ad hoc committee, Henry Zacharia, presented the report to the Assembly during plenary on Wednesday. The committee, which was charged…
No fewer than 30 state governments of the federation spent N986.64bn on recurrent expenditures, including refreshments, sitting allowances, travelling, utilities, etc., in the first three months of 2024, The PUNCH reports. The states’ budget implementation reports, which were obtained from Open Nigerian States, a website supported by BudgIT that acts as a repository for public budget data, were analysed. For the first three quarters of the year, our correspondent examined budget implementation data from thirty states; data for six states was not available. Benue, Imo, Niger, Rivers, Sokoto and Yobe States were the ones without Q 1, 2024 data. A…
The Nigerian Guild of Editors has kicked against the increasing sequence of abduction and arrest of journalists in the country by security agencies, particularly the Nigeria Police Force, under the guise of enforcing the Cyber Security Act. The NGE, which condemned the development, also warned of the consequence of such illegal actions on press freedom. The professional body of media executives and senior editors also warned of the dangers of allowing certain territories of the Nigerian states to fall into the hands of terrorists and bandits, expressing optimism that the Federal Government had everything required to flush out the enemies…
By Umar Faruk, Gusau Former Zamfara State governor and Senator representing Zamfara West Senatorial District, Alhaji Abdulaziz Yari, has provided 76 trucks of assorted fertilisers for distribution to farmers at a subsidised price across the State. Making the revelation at a meeting held with members of the distribution committee in Gusau, the state capital, Chairman of the Committee and Head of A. A. Yari Political Organisation, Hon. Lawal M. Liman Gabɗon Ƙaura, stated that five trucks of the commodity would be given to each of the eight Local Government Areas of Zamfara Central and North Senatorial Districts, respectively. Hon. Lawal…
Organised labour, on Tuesday, vowed to reject any insignificant addition to the ₦60,000 offer by the tripartite committee on the new minimum wage. Trade Union Congress President, Festus Osifo, stated on Channels Television’s Politics Today programme on Tuesday. Recall that organised labour suspended its strike which began on Monday after reaching an agreement with the Federal Government. The government promised that President Bola Tinubu is committed to a minimum wage more that the N60,000 earlier offered. Asked whether labour would accept a few thousand naira additions to the offer, Osifo said, “No, we also told them that it’s not that…
…as Akpabio advises labour to consider implication of high wages Senate, on Tuesday, pledged to give the National Minimum Wage Bill accelerated hearing any time President Bola Tinubu sends it to the National Assembly for proper legislative actions. The Bill would be sent to the National Assembly for legal backing whenever the organised labour and the Federal Government conclude negotiations on it. Akpabio gave this assurance during plenary while reacting to the news of the suspension of the industrial action embarked upon by the organised since Monday. Senate was debating a motion on the ‘Urgent Need For The Organised Labour…
One person was reportedly killed, six seriously injured and 30 trapped when a mine site collapsed in Galkogo village of Shiroro Local Government Area of Niger State. A firm, African Minerals and Logistics Limited, is said to be operating the site. The Manager of the site, Alhaji Ibrahim Ishaku, was also said to be among the workers trapped in the mine pit. Niger state Emergency Management Agency has confirmed the incident. NSEMA said the mine pit collapsed because of the rainfall impacts that had softened the soil. The Agency added that those who attempted to rescue those trapped in the…
In a bid to embrace digital transformation, the ruling All Progressives Congress (APC) will on Wednesday kickstart the process for the electronic membership registration in all 36 States and the Federal Capital Territory. The date for the commencement of the registration exercise proper is yet to be fixed. The Nation however gathered that the exercise will be formally flagged off in Minna, Niger State capital. A “Train the Trainer” workshop for 109 participants – three each from the 36 states and one participant from FCT is billed for Ladi Kwali Hall, Abuja Continental Hotel (formerly, Sheraton Hotel). The training workshop…