Connect with us

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: FEC approves $3.45bn World Bank loan application for power, others

Published

on

 

1. The Federal Executive Council on Monday approved the application for a $3.45bn loan to finance five items. They include projects in the power sector, renewable energy, states’ resource mobilisation programme, adolescent girls’ initiative for learning and empowerment and a women’s empowerment project.

2. President Bola Tinubu has assured Nigerians and investors that there is an ongoing plan to boost the country’s foreign exchange liquidity. This was as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that the country was expecting about $10bn inflows in the nearest term, which would help to clear foreign exchange backlog and stabilise the naira.

3. The Chairman of the Supreme Court panel hearing the appeals against the election of President Bola Tinubu, Justice John Okoro, said on Monday that the Peoples Democratic Party candidate, Atiku Abubakar, must prove the allegation of certificate forgery levelled against the president beyond reasonable doubt. He stated this following the submission of Atiku’s lead counsel, Chris Uche, SAN, urging the court to admit the fresh evidence brought by the petitioners.

READ  World Bank halts new financing to Uganda over anti-gay law

4. The Federal Government has said it will demand damages from Process & Industrial Developments Limited, which lost its $11bn arbitration award against Nigeria on Monday in the United Kingdom. The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi said that there will be further hearing by the United Kingdom court on the heels of the judgment to determine costs payable by P&ID and others in the matter.

5. Tragedy struck on Monday in Ilorin, Kwara State capital, when a tree fell and killed two people, including a woman, and injured 10 others in the Sango area of the town. The incident, according to sources, occurred around 8am by the roadside near a filling station opposite Oke Adini Junction of the town.

6. The Ondo State House of Assembly has written to the State Chief Judge, Justice Olusegun Odusola, to constitute a panel to investigate the allegations of gross misconduct against the deputy governor, Mr Lucky Aiyedatiwa. In a letter signed by the Speaker of the Assembly, Mr Olamide Oladiji, and made available to our correspondent on Monday, the House said the impeachment process resumed after the expiration of the ex parte order of the Federal High Court.

READ  ‘My greatest fear about marriage’ – Newly-wed Blessing Nze

7. Workers across the 36 States and the national assemblies say they have concluded all arrangements to lock up their respective workplaces pending when their demands for financial autonomy of the legislative arm of government would be granted.

8. President Bola Ahmed Tinubu has said the era of industrial actions in the nation’s academic environment has come to an end as the administration’s Students Loans Scheme begins January 2024. He stated this on Monday while speaking at the 29th edition of the annual Nigerian Economic Summit, anchored by the Nigerian Economic Summit Group (NESG), at the Transcorps Hilton, Abuja.

9. The Lagos State Government has sealed off the popular Alaba International Market in continuation of the clampdown on markets across the state over poor environmental sanitation. Alaba Market’s shutdown followed the closure of several other markets in the State in recent times by the Lagos State Waste Management Authority (LAWMA).

READ  Obasanjo lists two mistakes he's made in life, one was picking his ‘number two’ in 1999

10. Some irregularities, including duplications in the award of contracts, have been uncovered by the Senate Ad-hoc Committee on Fact-finding on the East-West Road project. According to the committee, the duplications were discovered in the award of some projects by the Federal Ministry of Works, the Niger Delta Development Commission (NDDC), the governments of the states in the region and the local governments.

 

 

 

 

News

Shake-up in EFCC as Olukoyede appoints chief of staff, 14 directors

Published

on

By

 

Ola Olukoyede, chair of the Economic and Financial Crimes Commission (EFCC), has appointed Michael Nzekwe as his chief of staff.

 

As part of a restructuring drive, Olukoyede upgraded all the zonal commands of the EFCC to departments and appointed 14 new directors.

 

A statement by Dele Oyewale, EFCC spokesperson, said the security unit of the agency has been upgraded to a department with a chief security officer at the helm.

 

“To this effect, 14 new directors have been appointed to head each of the zonal commands,” Oyewale said.

 

Additionally, to bolster and fortify the security architecture of the commission, the security unit of the EFCC has been upgraded to a department with a seasoned officer appointed as director, security and chief security officer.

 

“A new department has also been created in the executive chairman’s office and it is headed by former Makurdi zonal commander of the EFCC, Mr. Friday Ebelo who also doubles as director and coordinator, special duties at the corporate headquarters of the commission.”

READ  Subsidy: Tinubu to pay N8,000 to 12 million poor families for six months from World Bank loan

 

Nzekwe was the commander of the Ilorin zonal command and a course one officer.

 

Nzekwe, a lawyer and an investigator, has served in various departments in the anti-graft agency — including legal and prosecution, operations (now department of investigations), internal affairs (now department of ethics and integrity), Servicom, and asset forfeiture.

The new chief of staff has attended trainings and courses at home and abroad, including the Advance Defence Intelligence Officers Course organised by Defence Intel Agency (DIA).

 

 

Continue Reading

News

Sierra Leone energy minister resigns over electricity crisis

Published

on

By

 

 Sierra Leone’s minister of energy, Kanja Sesay, has resigned after weeks of electricity crisis in the West African nation.

 

According to BBC, in his resignation letter on Friday, Sesay said he took full responsibility for the crisis.

 

In a statement, the government said the energy ministry has been placed under the direct supervision of President Julius Maada Bio, who will be assisted by two other officials.

 

Sesay’s resignation came hours after the government paid $18.5 million to two power providers, Turkish Karpowership and Transco-CLSG group.

 

Sierra Leone owed the two producers $40 million.

 

After two months of outages, power was restored in Freetown after the payments were announced.

 

Since mid-April, Freetown and the cities of Bo, Kenema and Koidu have experienced multi-day stretches without electricity.

 

Karpowership confirmed the payment in a statement.

 

“We are pleased to confirm that the electricity supply has returned to full capacity in Freetown,” the statement reads.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Inflation pushes additional 4m Nigerians into poverty in 2023– World Bank

 

The company has been supplying electricity to Sierra Leone since 2018 from a floating offshore unit, but it had reduced its capacity from 65 megawatts to just five in recent months due to payment issues.

 

It had previously cut supplies to Sierra Leone in September over unpaid bills.

 

In October, it briefly cut power to Guinea-Bissau, saying it had been left with no option “following a protracted period of non-payment”.

 

Continue Reading

News

American School refunds $760,000 of Yahaya Bello’s children fees to EFCC

Published

on

By

 

The Economic and Financial Crimes Commission has confirmed the receipt of the refund of $760,000 paid as advanced school fees by a former Kogi State Governor, Yahaya Bello for his children at the American International School, Abuja.

 

Dele Oyewale, spokesperson for the EFCC, confirmed the development to The Post on Saturday.

 

“The school has refunded the entire $ 760, 000 to the EFCC’s recovery account,” he said.

 

Earlier, the American International School of Abuja had asked the EFCC to provide “authentic banking details” for the refund of fees paid for the children of the former governor.

 

Bello allegedly paid $720,000 in advance as fees for five of his children from the coffers of the Kogi State Government.

 

The children are in Grade Levels 2 to 8 at the school.

 

On April 17, EFCC operatives laid siege on Bello’s residence in Abuja in an attempt to arrest him over an alleged N80.2 billion fraud.

READ  Nigeria's D’Tigress beat Senegal to claim historic 4th consecutive Afrobasket title

 

While the operatives were at the house, Usman Ododo, governor of Kogi, arrived at the property and reportedly whisked Bello away.

 

In a letter addressed to the Lagos Zonal Commander of the EFCC, the school said the sum of $845,852 has been paid in tuition “since the 7th of September 2021 to date.”

 

AISA said the sum to be refunded is $760,910 because it had deducted educational services already rendered.

 

“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family,” the letter reads.

 

It added, “Since the 7th September 2021 to date, $845,852.84 in tuition and other fees have been deposited into our bank account.

 

We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84.

READ  Nigeria’s poverty reduced by seven per cent – World Bank report

 

“No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”

 

The school said it would draw the attention of the anti-graft agency if there were any further deposits by the Bello family.

In a statement signed by Greg Hughes, AISA also said, “Ali Bello contacted the school on Friday 13 August 2021 requesting to pay the family school fees in advance until the students graduate from High School.”

 

The Chairman of the EFCC, Ola Olukoyede, had earlier revealed that the former governor transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.
Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

 

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

READ  Lagos socialite Farida Sobowale attempts suicide on Third mainland bridge

 

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

Continue Reading

Trending News