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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Nigeria, US collaborate to probe Wigwe’s helicopter crash

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1. The Federal Government on Monday confirmed it has commenced talks with the government of the United States of America on the ongoing investigation of a chopper crash that claimed the lives of the Group Chief Executive Officer of Access Holdings, Herbert Wigwe, and some prominent Nigerians in California, USA, on Friday.

 

2. Power distribution companies that are performing below stipulated standards in the Nigeria Electricity Supply Industry are going to lose 50 per cent of their operating expenditures, the Federal Government declared on Monday. It made the declaration through the Nigerian Electricity Regulatory Commission at the 1st NESI Stakeholders Meeting of 2024 in Lagos.

 

3. The naira fell to a new all-time-low of N1,534/$ at the official Nigerian Autonomous Foreign Exchange Market on Monday. This indicates a loss of 3.93 per cent or N58 from the N1,476.13/$ the national currency closed last week Friday, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country.

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4. Gunmen have killed a police officer and freed seven inmates in an attack on Okigwe Correctional Farm Settlement. The incident took place on Monday at the Correctional Service Farm Settlements, Umualomokein Okigwe. It was gathered that the attackers also abducted the correctional service officer in charge of the settlement shortly before attacking the residence of Senator Patrick Ndubeze.

 

5. The police in Lagos State have arrested a woman for allegedly stabbing her neighbour to death over water. The incident occurred at 10, Tunkarimu Street, Ajegunle Apapa, around 9:30pm on Sunday. The suspect, Cynthia Aigbodon, allegedly killed one Barakat Adio during a misunderstanding at a public borehole near their residence.

 

6. Ogau Onyeka Michael, a senior official of the Central Bank of Nigeria, CBN, on Monday, explained why he paid $6,230,000 in cash for international election observers during the 2023 general election. Michael, who is the First Prosecution Witness, PW1, in the ongoing trial of former CBN Governor, Godwin Emefiele, made the revelation while testifying in court on Monday.

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7. Governors elected on the platform of the main opposition Peoples Democratic Party, PDP, rose from a meeting in Abuja, on Monday, with a call on President Bola Tinubu to immediately put in place initiatives that will bring the food crisis to an end. PDP lamented that Nigeria is almost on the road to Venezuela and called on the Federal Government to work with relevant stakeholders with a view to bringing succor to Nigerians.

 

8. Emir of Kano, Alhaji Aminu Ado Bayero, has urged Nigeria’s First Lady, Senator Oluremi Tinubu, to convey the message of the teeming populace about the hunger and starvation in the country to the President, saying the hardship is more alarming. The Emir made the call when the first lady paid him a courtesy visit at his palace on Monday.

 

9. Nigerians are still bearing the effects of the policies of ex-President Muhammadu Buhari, Adams Oshiomhole, senator representing Edo North Senatorial District, has said. Oshiomhole said President Tinubu should not be held responsible for the right or wrong decisions taken by the previous administration.

READ  Nigeria pays $1.79bn to service debts owed World Bank, China in five years

 

10. Gunmen on Sunday evening reportedly killed nine traders along Jibia/Batsari Road in Katsina State. Residents alleged that the traders were returning to their community from a local market in Jibia when they ran into the gunmen around 6 pm on Sunday.

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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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