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Breaking: Sylva withdraws presidential bid

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Timipre Sylva, Minister of State for Petroleum, has withdrawn from the presidential race in the All Progressives Congress (APC) and has returned to work.

Sylva was said to have withdrawn from the race having considered the enormous work at hand at the ministry.

The Northern Solidarity Group had on May 9, presented the APC’s Expression of Interest and Nomination form to the minister to enable him to contest the party’s 2023 presidential primaries.

An official at the ministry who chose to remain anonymous said Sylva withdrew from the race to support President Muhammadu Buhari in his quest to achieve a robust oil sector.

“He promised to consult the leader of the country and his political leaders the day he was presented with the form. He believes that concentrating on his work will attract more investments for the oil and gas sector.

“He has consulted and he believes that the challenges at the ministry and oil and gas sector are enough issues for him to begin to deal with now than going to pursue presidential ambition at the expense of the nation.

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“The oil and gas sector is the mainstay of the economy and it is not like any other ministry somebody can just come in and take over.

“It requires some measures of time for the person to understand what is happening in the system. For the interest of the industry and the nation, he has decided to wave that personal ambition to see what he can contribute in the remaining part of President Buhari’s administration.

“The implementation of the Petroleum Industry Act 2021 is very critical and he wants to continue to make his own contribution to the day-to-day running of the country and support Mr President for robust achievements,” the official said.

Meanwhile, Mr Horatious Egua, Senior Special Assistant to the minister on media, when contacted, confirmed that the minister was back to work.

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Some youths trading crypto unaware they’re being used to fund terrorism – Olukoyede

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Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), says some youths who trade in cryptocurrencies do not know that they are being used to fund terrorism in Nigeria.

 

Olukoyede spoke on Wednesday during a multi-stakeholders’ national dialogue on preventing terrorism financing and violent extremism.

 

The EFCC chair said some of the people who receive money to trade in cryptocurrencies do not know that their financiers are sponsors of terrorism.

 

He added that some of the 1,146 bank accounts recently frozen by the anti-graft agency were conduits for terrorism funding.

 

“Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies,” he said.

 

“They are potential platforms to fund terrorism. A lot of us don’t understand that. Some of our discoveries during investigation of some of these platforms were mind boggling.

 

“We thought Binance was a major one. Yes, it was. We are prosecuting them. But there are other platforms we have discovered.

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“They used some of these young men. Some of them don’t know that the people who gave them money to trade are people who fund terrorism.”

 

The EFCC boss said there is a need to adopt technology in tracking money used to fund terrorism in the country.

 

Olukoyede narrated how he was informed by a friend in the US Federal Bureau of Investigation (FBI) that dollar bills across the world can be tracked with technology.

 

“It is important for us to adopt the use of technology,” he said.

 

“I was comparing notes with an assistant director in the FBI — a friend of mine. He said: ‘My brother, from our systems in the US, we can track every printed dollar anywhere in the world’.”

 

The EFCC boss added that Nigeria must get to that stage where technology can be deployed to track naira notes used for terrorism financing.

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Emirates to resume Lagos-Dubai flights October 1

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Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai.

 

In a statement on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services will be operated using a Boeing 777-300ER.

 

Emirates’ Deputy President and Chief Commercial Officer, Adnan Kazim, said, “We are excited to resume our services to Nigeria. The Lagos-Dubai service has traditionally been popular with customers in Nigeria and we hope to reconnect leisure and business travellers to Dubai and onwards to our network of over 140 destinations.

 

“We thank the Nigerian government for their partnership and support in re-establishing this route and we look forward to welcoming passengers back onboard.”

 

Emirates Airlines had suspended its Dubai-Lagos flights in 2022 over its inability to repatriate trapped funds in Nigeria in the heat of the diplomatic row between the two countries.

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Nigeria and the UAE have a long history of restriction of flights between both countries based on certain unresolved issues surrounding the Bilateral Air Services Agreement (BASA). Visa restrictions later surfaced as diplomatic fireworks continue between Nigeria and the UAE, which is a top destination for Nigerian migrants and tourists.

 

In September 2023, President Bola Tinubu met with UAE President, Mohamed bin Zayed Al Nahyan, in Abu Dhabi, to smoothen the rough edges in the diplomatic relations between the two countries.

 

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, recently said Emirates Airlines has indicated a definite date to resume flight operations to Nigerian airports.

 

However, the UAE has not officially announced its latest decision on visa ban imposed on Nigerian travellers.

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Police parade ex-Oyo motor park boss, Auxiliary for murder, others

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Oyo State Commissioner of Police, Hamzat Adebola, on Thursday, paraded the former Chairman, Park Management System, Lamidi Mukaila fondly called Auxiliary.

 

The Department of State Services penultimate Tuesday arrested Auxillary at his Olodo residence in Ibadan, the state capital, months after the police had declared him wanted for allegedly involving in a series of armed robbery, kidnapping, and murder cases.

Adebola, while parading the suspect at the state police command, said he would be charged in court.

 

He said, “Discreet intelligence-led search commenced for the sacked PMS chieftain with the help of technology, collaborative efforts with sister services and community policing, many locations were identified, traced and combed for months until his recent arrest in a concerted effort with our sister services.

 

“Exhibits recovered in his possession at his Diamond Hotel residence around Alakia-Isebo Egbeda under Egbeda Local Government Area at the time include one AK-47 Riffle, four AK-47 magazines, 84 live AK-47 Ammunitions, 19 pump action riffles, one Barreta pistol, seven cut-to-size guns, one English made Barrel Gun.

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“724 live cartridges, 25 cutlasses, Seven Jack knives, 33 mobile phones, one Samsung laptop, charms, one Mazda Bus, one Toyota Sienna, cash sum of N3,450,000.00. Moving forward, the suspect would be charged to court for offenses committed.” He stated.

 

The CP, therefore, thanked the public for providing credible information to curb the crime in the state.

 

Adebola also reiterated the commitment of the command to deal decisively with any criminally motivated individual or group who intended to flip the state retrogressively into the historical dark ages of the “Wild West.”

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