Connect with us

News

Good morning! Newspaper Headlines Today: $4.5bn fraud: Court grants Emefiele’s request for forensic expert

Published

on

‎1. The Lagos State Special Offences Court in Ikeja on Monday granted former Central Bank of Nigeria Governor, Godwin Emefiele, permission to engage forensic experts to examine WhatsApp conversations and a mobile device marked “iPhone 2” tendered as evidence in his ongoing $4.5 billion and N2.8 billion fraud trial.

2. The ward head of Shuwaka (Sarkin Shuwaka) Kyaram District, Garga Community of Kanam Local Government Area, Plateau State, Mallam Hudu Hassan Barau, who was abducted about six days ago by bandits, has been found dead. It was learnt that the body of the monarch was recovered from the bush Monday morning.

3. Lagos State Emergency Management Agency, LASEMA, on Monday confirmed that six persons were rescued and four died following the collapse of a three-storey building. The building is located at No. 325, Bornu Street, Ebute Meta, Lagos State.

4. No fewer than six persons are feared dead in Ikn’gwakap community of Mushere Chiefdom, Bokkos Local Government Area of Plateau State after gunmen stormed the community at midnight on Sunday and shot sporadically. In a statement, the National Publicity Secretary of the Mushere Youth Movement, Kutyil Gashion Nahum, said the dead included women and children, while several others are missing.

See also  Death Of 14-yr-old boarding student: Mother alleges rape, accuses school of complicity

5. Former Vice President Atiku Abubakar says over two years after taking power, there is no sign that President Bola Ahmed Tinubu can address the prevailing hunger and poverty in the country. The opposition leader described the hunger in the country as unacceptable, especially the underprivileged poor and down-trodden.

6. The National Bureau of Statistics (NBS) says the inflation figure dropped to 20.12 percent in the month of August. A report released on Monday said food inflation also dropped to 1.65% when compared to the 3.12% recorded in the month of July.

7. Bandits in the early hours of on Monday attacked a mosque at Gidan Turbe village in Tsafe Local Government Area of Zamfara State, abducting no fewer than 40 worshippers. The attack came barely hours after a similar one at Godai village in Bukkuyum LGA of the state, kidnapping over 10 persons.

8. The Naira appreciated to N1,495 per dollar in the Nigerian Foreign Exchange Market (NFEM), the highest level in 27 weeks since February this year. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,495 per dollar from N1,503.5 per dollar last week Friday, indicating N8.5 appreciation for the naira.

See also  How Emefiele, cronies acquired 753-duplex estate with forex kickbacks — EFCC

9. The Senior Staff Association of Nigerian Universities, SSANU, and the Non-Academic Staff Union of Educational and Associated Institutions, NASU, have informed the federal government of plans to shut down public universities on September 22 if their demands are not addressed. The threat was contained in a 7-day ultimatum issued by the two unions through their Joint Action Committee, JAC, which started on September 15.

10. The Federal Government has suspended the implementation of the four per cent Free on Board levy recently introduced by the Nigeria Customs Service on all imported goods. The decision, announced by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, followed widespread concerns from importers and trade experts.

News

Roll up sleeves, make changes wherever you can, Obama tells Democrats after party’s historic win

Published

on

By

Former US President Barack Obama has called on Democrats to use their control of Congress to make changes and lay the groundwork for the future.

Democrats won full control of the US Congress in a sweeping mid-term rout Tuesday, with a landslide of upsets that delivered a crushing rebuke of President Donald Trump and his Republican Party.

Obama said the victory was a “clear message” from the American people.

“They want a politics that brings people together rather than divides them, and leaders who offer concrete solutions to the challenges they face,” he said.

Obama threw his political weight behind Democrats in key battleground states, rallying voters to rein in Trump and casting the mid-terms as a crucial chance to curb his administration’s excesses.

“These results were only possible because outstanding candidates stepped forward in every region of the country — including in areas once considered long shots,” Obama said in a statement.

See also  Alleged $6bn Mambilla fraud: Court dismisses Agunloye’s rights violation suit against EFCC

“They came from different backgrounds and represented a range of political perspectives, but were united by shared values, a belief in public service, and a commitment to putting the people of their districts and states first.”

Obama noted that the Trump administration has another two years in office, “our job now is to roll up our sleeves, make changes wherever we have the power to do so, prevent further damage, and lay the groundwork for the future”.

Trump watched returns come in from the White House East Room, where the mood was described as tense.

He was silent on Truth Social for three hours Tuesday night as Democrats kept flipping seats blue.

He later posted: “I wasn’t on the Ballot and if I was, we would have won IN A LANDSLIDE! Thank you for your attention to this matter.”

Continue Reading

News

Good morning! Nigerian Newspapers Headlines: Obi campaign: OK Movement tackles NDC, Obidients

Published

on

By

1. A fresh disagreement has emerged within the political groups backing Peter Obi’s 2027 presidential ambition, as the United Kingdom Coordinator of the OK Movement, Adebayo Brown, accused leaders of the Nigeria Democratic Congress Presidential Campaign Council and the Obidient Movement of fuelling divisions among supporters.

The accusation followed a disagreement over claims that Obi, the NDC presidential candidate, and his running mate, Rabiu Kwankwaso, had dissociated themselves from the OK Movement.

2. Southwest All Progressives Congress (APC) leaders yesterday resolved to mobilise the six states to give an overwhelming number of votes to President Bola Ahmed Tinubu in the January 16  election. The leaders, who met in Lagos, decided to work assiduously to deliver votes that will surpass what the President got in the 2023 election i

3. The Economic and Financial Crimes Commission has uncovered an illegal oil refinery allegedly operated by Chinese nationals in the Ogere area of Ogun State. The commission said the facility was discovered on Saturday, October 31, 2026, by operatives of its Lagos Zonal Directorate 2 following intelligence and surveillance on the activities of illegal sludge oil refiners.

See also  At last, Emefiele meets bail conditions, released from Kuje Prison

4. The National Youth Service Corps has identified four irregularities in a certificate linked to former Minister of Innovation, Science and Technology, Uche Nnaji, insisting that the document was not issued by the corps. An Assistant Director in the NYSC Department of Certification, Yusuf Jumare, disclosed this on Tuesday while testifying as the second prosecution witness in the alleged certificate forgery and money laundering case against Nnaji before the Federal High Court in Abuja.

5. The National Assembly is set to transmit the proposed State Police Bill to President Bola Tinubu for assent after completing the authentication of approvals secured from 28 state Houses of Assembly. The Clerk to the National Assembly, Kamoru Ogunlana, disclosed this in a statement on Tuesday, confirming that the number of state legislatures that had approved the proposed constitutional amendment exceeded the constitutionally required threshold of 24 states.

6. The Ondo State Police Command has uncovered a suspected counterfeit currency production site in Odigbo Local Government Area of the state, arresting one suspect and recovering three bags of suspected fake United States dollar notes. The command said the operation took place on October 29 at Kiniso Village, via Ajue, following investigations into a complaint by a man who allegedly received counterfeit dollars from two men during a currency exchange transaction.

See also  Bandits think they are serving God by committing crimes, says Gumi

7. The Department of State Services, DSS, has dismissed allegations by former Vice President and African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, that it is organising protests to disrupt political activities in Sokoto State. The Service said its operatives had been providing security protection to political candidates across party lines, citing the evacuation of the ADC governorship candidate in Sokoto State, Mannir Daniya, during an attack on October 31, 2026.

8. The African Democratic Congress has kept the venue of its presidential campaign rally in Sokoto State secret ahead of Wednesday’s kickoff, citing security concerns amid allegations of attempts to disrupt the event. The party said it was taking precautionary measures to avoid being caught unawares, following reports of a possible plot to frustrate the rally scheduled for November 4.

9. The Lagos State Police Command has uncovered a suspected high-tech indoor cannabis farm at a residential property in Apapa, Lagos State, arresting a Polish national and a Nigerian in connection with the discovery. It was learnt that the suspects were identified as Thomas Razvickas, 49, a Polish national, and James Chisome, 36, a Nigerian. Both reportedly reside at the property where the facility was discovered.

See also  Two Senegalese lawmakers jailed six months for assaulting pregnant colleague

10. The Director-General of the Department of State Services, DSS, Oluwatosin Adeola Ajayi has set free and approved an initial payment of N20 million to four suspects, out of which each suspect is to receive five million Naira as compensation after being cleared of alleged membership of the proscribed Indigenous People of Biafra, IPOB.

Continue Reading

News

Tinubu deserves credit for bringing Nigeria back from the brink, says Emir Sanusi 

Published

on

By

The Emir of Kano, Muhammadu Sanusi II, has said that President Bola Tinubu deserves credit for bringing Nigeria’s economy back from the brink, citing improvements in economic growth, inflation, foreign reserves, and export diversification.

Emir Sanusi, who gave the commendation while speaking on Tuesday at the Oxford Global Think Tank conference convened by Arunma Oteh, said the country is beginning to lay the foundations for economic stability, although significant challenges remain.

“I’m not a fan of politicians, but we need to give credit to President Tinubu’s administration for bringing us back from the brink,” he said.

Sanusi, a former Central Bank of Nigeria (CBN) governor, said the economy grew by 4.48 percent in the second quarter (Q2) of 2026, describing the performance as progress compared with the average growth recorded during the administration of former President Muhammadu Buhari.

“GDP in Q2 2026 was at 4.48 percent. It’s not as high as it was under the Yar’Adua/Jonathan government, but during the Buhari years, the economy grew by 0.9 percent. Today it’s at 4.5 percent. That’s progress,” he said.

See also  Emefiele worst CBN gov in history — Moghalu

Sanusi also noted the decline in inflation from about 30 percent to 14.6 percent, adding that it was projected to fall to 12.5 percent by the end of the year.

He said Nigeria’s gross domestic product (GDP) per capita, measured in dollar terms, had increased by 47 percent since 2023.

According to the emir, “If we continue at this rate, by the end of next year, GDP per capita will be back to where it was in 2005”.

He also cited the country’s foreign reserves, which he put at $55 billion, but cautioned that a significant portion of the inflows was driven by foreign portfolio investments (FPI), which are volatile.

He attributed the continued inflows partly to high oil prices amid the war in the Strait of Hormuz and the attractive returns available to investors in Nigeria.

“Our reserves are at $55 billion, and yes, a lot of it is driven by portfolio flows, which are volatile,” he said.

See also  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Emefiele fails to meet ₦300 million bail, may remain in custody till 2024

He said high oil prices and returns on Nigerian investments have encouraged foreign investors to maintain their exposure to the country.

On diversification, Sanusi said “20 percent of Nigeria’s exports were coming from the Dangote refinery”, describing the development as evidence of progress beyond the country’s traditional export sources.

“There are clearly foundations being laid for stability. It’s not the end, but the first step towards stability,” he said.

The emir, however, criticised the Tinubu administration’s communication of its economic policies, saying the government appeared to interpret criticism and suggestions as attacks.

“This government doesn’t express itself properly. It sees every suggestion and contribution it does not like as an attack, and it doesn’t have good spokespersons,” he said.

Despite his reservations about the government’s communication, Sanusi said the administration deserved recognition for the economic gains recorded so far.

Continue Reading

Trending News