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Dangote visits Tinubu in Abuja

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Africa’s richest man, Aliko Dangote on Friday visited President Bola Tinubu amidst sweeping economic reforms in the world’s largest black nation, Nigeria.

Tinubu, who was sworn-in on 29 May, 2023 has hit the ground running, initiating painful economic reforms, which many believe will reverse the downturn the nation has experienced in the last eight years.

He became president amidst massive opposition by a group known as ‘Obidients’ but the gang-up failed as he defeated the oppositions to become president.

On swearing-in day, his pronouncement on fuel subsidy removal shook the nation, with queues resurfacing in many petrol stations, culminating in hiking of prices of petroleum products.

He suspended the nation’s apex bank chief, Godwin Emefiele, a decision that earns him accolades from Nigerians.


Few days later, the head of the nation’s anti-graft agency, Abdulrasheed Bawa was also suspended and is facing serious grilling in the hands of Nigeria’s secret police over accusation of graft.

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In the midst of the happenings, the Central Bank of Nigeria directed Deposit Money Banks to remove the rate cap on the naira at the Investors and Exporters’ (I&E) Window of the foreign exchange market.

Amidst these reforms, Dangote visited on Friday, but details of the meeting were unknown as at press time, but it might not be unconnected with the nation’s economy, which may also affect his businesses.

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Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Military commander killed in ambush by bandits in Katsina

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1. Military commander of an army camp located at Sabon Garin Dan’Ali, in Danmusa local government area of Katsina state has been killed in an ambush. Sources said the incident happened Thursday evening and the corpse of the deceased, a major in the army, was deposited at a hospital in Katsina.

 

2. Movement would be restricted for the duration of today’s local government election in Oyo State, the State Government announced on Friday evening. The restriction will help officials of the Oyo State Independent Electoral Commission, OYSIEC, to conduct the poll without hindrance.

 

3. Senate President Godswill Akpabio, the Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas and the Deputy President of the Senate, Senator Barau Jibrin, were among the dignitaries who attended the wedding fatiha of the children of emirs of Kano and Bichi, Alhaji Aminu Ado Bayero and Alhaji Nasiru Ado Bayero, on Saturday.

READ  Tinubu deserves commendation for suspending Betta Edu – Atiku

 

4. President Bola Tinubu has approved the appointment of Mr. Jim Ovia, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund, NELFUND. This is contained in a statement issued by Ajuri Ngelale, Special Adviser to the President on Media & Publicity, on Friday.

 

5. Governor Hyacinth Alia of Benue State, on Friday, urged his predecessors including Chief Samuel Ortom, to refrain from interfering in his administration, warning that he would not allow anyone to destabilise his government. Alia while briefing journalists on his return from the USA, Friday morning, said the past governors have had their own term.

 

6. The National Chairman of the ruling All Progressives Congress, APC, Dr Abdullahi Ganduje, has said the New Nigeria People’s Party, NNPP, led government in Kano State is behind the various protests against him in Abuja. Ganduje in a statement by his aide, Comrade Okpokwu Ogenyi, alleged that the Kano government had been hiring protesters from the streets, mostly Kwankwasiyya members, some of whom are from the North Central geo-political zone to demand his resignation.

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7. The American International School of Abuja has paid $760,910.84 to the Economic and Financial Crimes Commission, EFCC, from the $845,852 school fees allegedly deposited by former Kogi State governor, Yahaya Bello in respect of five of his children in the school.

 

8. Bandits have attacked the palace of the Emir of Zurmi, Alhaji Bello Muhammad Bunu, killing three people and abducting some residents of the town. The bandits, who stormed the town around 10pm on Wednesday, according to locals, also attacked the residence of the former Military Administrator of Nasarawa State, Colonel Bala Muhammad Mande (rtd).

 

9. The Nigeria Correctional Service has stepped up efforts to track down and recapture escaped inmates of the Suleja Medium Security Custodial Centre, Niger State. The Minister of Interior, Olubunmi Tunji-Ojo, on Thursday, said the government would relocate a lot of correctional centres to create better infrastructure and security.

 

10. Men of the Economic and Financial Crimes Commission, assigned to tackle currency mutilation, dollarisation of the economy, and forex malpractice, have arrested 34 suspected currency speculators accused of foreign exchange fraud. This was made known in a statement shared on the commission’s website on Friday.

READ  Army arrests six suspects behind illegal oil refinery in Rivers

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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.

READ  Niger coup: Nigeria fighting serious wars, fresh wars not needed – Adeboye

 

 

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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…

 

READ  Angry residents burn Niger police station over priest’s murder
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