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Major News Headlines In The Papers Today: CBN says it ordered N500 million of redesigned Naira

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1. Deputy Governor of the Central Bank of Nigeria in charge of Financial Stability, Aisha Ahmad on Thursday said the apex bank ordered the printing of 500 million pieces of the redesigned notes. She stated this while responding to questions from lawmakers at the House of Representatives on Thursday.

2. President Muhammadu Buhari has restated his administration’s commitment to improving the welfare of police and military personnel. Buhari spoke on Thursday in Abuja as he received the 2021 audited report and 2023 budget proposal of the Police Service Commission (PSC).

3. Governor Nyesom Wike of Rivers State yesterday said he would make his preferred presidential candidate known in January 2023. Wike who stated this during the commissioning of the Rumukurishi flyover in Port Harcourt on Thursday, said he would move from State to State to campaign for his candidate in January.

4. Men of the Ogun State Police Command have arrested a 26-year-old man, Adeyemi Babatunde, for allegedly killing a 46-year-old driver, Obafunsho Ismail, over a minor argument. The incident occurred on December 8, 2022, around 8pm when the suspect, who drove a Lexus SUV with a customised number plate, Olu of Oya, hit the deceased’s car from the rear and caused damage to the vehicle.

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5. Police Affairs Minister, Dr. Muhammad Maigari Dingyadi, has assured that next year’s elections would hold as scheduled, just as he disclosed that N4.5 million has been spent to fuel police vehicles across the Police Commands in the country. He stated this at the 15th edition of the PMB scorecard series in Abuja, yesterday, saying the 2023 general election would not be scuttled by pockets of criminality across the country.

6. The Defence Media Operations (DMO) said soldiers fighting the counter insurgency war in the North East have killed 103 members of the Boko Haram and Islamic State of West Africa State Province (ISWAP) terrorists in the last three weeks. The soldiers also arrested 40 terrorists, including four commanders and rescued 30 kidnapped victims.

7. Tragedy struck, yesterday, at the Cele bus stop on the Apapa-Oshodi expressway, after two containers fell off a truck and landed on three vehicles. One of the drivers in a commercial bus with plate number AKD 489 XZ, who was trapped inside, was killed in the process.

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8. The Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, yesterday, came under scathing criticism for promising to reopen the nation’s borders if elected. Information, Culture and Tourism Minister Lai Mohammed, who faulted the plans, said the border closure policy, if reversed, would be count-productive.

9. The chairman of the National Drug Law Enforcement Agency (NDLEA), Brig-Gen. Buba Marwa yesterday advised drug barons to halt their nefarious activities, warning that nobody is above the law. He disclosed that no fewer than 3,434 offenders have been prosecuted by the agency, while 126 were undergoing counselling in 11 centres attached to psychiatric hospitals.

10. No fewer than 11 were feared killed following high electric power supply in some areas of Zazzau in Zaria, Kaduna State. Areas affected include Gwargwaje and Kauran Juli situated along Zaria-Kaduna Expressway.

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UPDATED: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

 

Ngelale said Tinubu believes that Ovia will bring his immense wealth of experience to ensure that no Nigerian student suffers a paucity of funds in the quest for tertiary education.

 

On April 3, Tinubu signed the student loans amendment bill into law to provide Nigerians with quality and accessible education.

 

The law will allow Nigerian students in tertiary institutions to access low-interest loans for tuition and other academic needs.

 

Subsequently, the president appointed Akintunde Sawyerr as the managing director and chief executive officer (CEO) of the fund.

 

Tinubu also appointed Frederick Oluwafemi Akinfala as the executive director of finance and administration, while Mustapha Iyal will serve as the executive director of operations of NELFUND.

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JUST IN: Tinubu appoints Jim Ovia as chairman of education loan fund

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President Bola Tinubu has appointed Jim Ovia as the chairman of the Nigerian Education Loan Fund (NELFUND).

 

Ajuri Ngelale, presidential spokesperson, announced the appointment of Ovia, chairman of Zenith Bank, in a statement on Friday.

More to follow…

 

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ICPC detains TETFund boss ‘over questionable N7.6bn project’

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has detained Sonny Echono, executive secretary of the Tertiary Education Trust Fund (TETFund).

Demola Bakare, ICPC spokesperson, confirmed the development on Friday.

 

Bakare said that Echono was invited by the anti-graft agency on Thursday.

“The executive secretary of TETFund is here with us. He has been invited for questioning. He is still in custody. He was invited yesterday.” Bakare said.

 

“He was invited on Thursday. He has not been released. He’s still with us. Investigation is still ongoing.”

 

It was earlier reported that TETfund awarded two contracts to Fides Et Ratio Academy and Pole Global Marketing (PGM) within two months at the cost of N3.8 billion respectively without the approval of the federal executive council (FEC), which is required for the contract size.

 

The contract was to provide capacity building course and learning management systems to about 2 million students across higher institutions in the country.

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In a rejoinder, TETFund said it did not award N7.6 billion contracts to two companies without due process.

 

The agency said it was wrong to say they were contracts, whereas they were ICT projects implemented under a memorandum of understanding (MoU) which doesn’t require competitive bidding in public procurement.

 

TETFund further said its disbursement guidelines were approved by the president on the recommendation of the “Fund’s Board of Trustees and concurrence of the Honourable Minister of Education in line with the TETFund Act 2011″.

In an interview with TheCable, Echono said there was no form of irregularity in the N7.6 billion project.

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