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Good morning! Here Are Some Major News Headlines In The Newspapers Today: Emefiele illegally opened 593 illegal bank accounts in UK, US, China – Investigation report

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1. The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval of the apex bank’s board of directors and the CBN Investment Committee. The Special Investigator on the CBN and Related Entities, Jim Obaze, found that the ex-CBN governor lodged £543, 482,213 in fixed deposits in UK banks alone.

 

2. The National Economic Council, chaired by Vice President Kashim Shettima, on Thursday, set up committees on economic affairs, as well as crude oil theft and management. The committees will be headed by Kwara State Governor, AbdulRahman AbdulRazak and his Imo State counterpart, Hope Uzodimma, respectively.

 

3. A London court has quashed an $11bn damage bill against Nigeria lodged by Process & Industrial Developments Limited Gas Company. The bill charge was brought forward against Nigeria for a collapsed gas processing project in Cross River, Nigeria.

READ  FG arraigns Emefiele on six counts  over alleged N1.6bn procurement fraud

 

4. The Supreme Court, on Thursday, reserved judgments on the Kano and Bauchi states governorship appeals. The five-man panel led by John Okoro adjourned the appeals for judgment after listening to the parties’ arguments.

 

5. The Senate, on Thursday, okayed 11 Justices shortlisted for appointment to the Supreme Court. The confirmation of the 11 Justices came a day after the Senate received a letter from President Bola Tinubu, requesting the screening and confirmation of the Justices.

 

6. A juju musician, Omoba De Jombo, and his crew members, have reportedly regained their freedom four days after they were kidnapped in Abuja. The band members had performed in the Federal Capital Territory and were reportedly travelling to Kogi State for another performance when they were kidnapped last weekend.

 

7. The Senate has shifted the passage of the 2024 President Bola Tinubu’s ‘Renewed Hope’ budget. The Appropriation Committee had initially planned to present the 2023 budget to the Senate on Thursday while the passage was billed for Saturday, December 23, 2023. However, many of the committees were unable to meet the Wednesday deadline stipulated by the committee in its timetable.

READ  Customs seize 139 trailers of rice, other banned cargo valued at N10billion 

 

8. The House of Representatives has directed its Committee on Aviation to invite the immediate past minister of aviation, Hadi Sirika, to brief it on the status of the proposed national carrier, Nigeria Air, as of the time he left office. The former minister is expected to provide insights on a wide range of controversies surrounding the project.

 

9. The federal government, on Thursday, December 21, apologized to Nigerians over the current scarcity of Naira notes in circulation, saying that it will ease in the coming year. The Minister of Information and National Orientation, Mohammed Idris said the scarcity was not deliberate.

 

10. A few days after the crisis resolution in Rivers State, a similar scenario is playing out in Benue State as members of the All Progressives Congress (APC) National Assembly caucus have accused Governor Hyacinth Alia of displaying dictatorial tendencies and poor leadership.

 

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Some varsity students kidnapped by gunmen have been rescued, says Kogi government

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The Kogi state government says some students abducted from the Confluence University of Science and Technology (CUSTEC) Osara have been rescued.

 

The government said the kidnappers “succumbed to superior firepower and escaped with gun wounds”. 

 

On May 9, gunmen invaded the university and abducted students who were preparing for their examinations.

 

The state government had said nine students were missing after the attack.

 

Usman Ododo, governor of Kogi, had visited the institution and assured parents of his commitment to rescue the students.

 

Ododo had also said closed circuit television (CCTV) cameras installed in the school were switched off on the night of the attack.

 

In a statement issued on Sunday, Kingsley Fanwo, information commissioner, said some of the students have been rescued by a joint team of security operatives and hunters.

 

Fanwo did not release the specific number of students rescued.

 

READ  PDP shuns zoning, throws presidential primary open

William Aya, police spokesperson in Kogi, told TheCable on Sunday morning that 14 students have been rescued.

 

“This is to inform the general public that some of the students abducted by gunmen at the Confluence University of Science and Technology, Osara have been rescued safely by local hunters and other security agents,” the statement reads.

 

“Local vigilante men and security agents engaged the kidnappers in a fierce shootout and the kidnappers succumbed to superior firepower and escaped with gun wounds, leaving the kidnapped students who also ran in different directions to avoid being caught up in the fire exchange.

 

“Many of the students kidnapped and even other people in captivity have been rescued and taken to medical facilities for proper attention, while many others were also rescued in the early hours of today.”

 

He said a hunter and DSS operative sustained injuries during the firefight with the kidnappers, adding that they are receiving medical attention.

 

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: INEC declares PDP's Fubara as winner of Rivers Gov election

Fanwo said security agents are “currently combing the forests” to rescue the remaining students in captivity.

 

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29 Generals retire from Nigerian Army

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Twenty-nine generals of the Infantry Corps of the Nigerian Army have retired from active military service.

 

Of the 29 retired infantry officers who pulled out of active service at the Jaji Military Cantonment in Kaduna State on Friday, 19 were major generals, and 10 were brigadiers general.

 

Among them is Major General Victor Ezugwu, who spoke on behalf of the retirees. He said the war against terrorism banditry will end if the proposed establishment of army aviation succeeds and the night fighting capabilities of the army infantry corps are improved.

 

As the threats to Nigeria’s sovereignty are becoming asymmetric in time and space, Ezugwu admonished serving officers and soldiers to be proactively way ahead of the enemies in all aspects of unfolding combat scenarios.

He also urged their successors to not only sustain the modest strategic, operational, and tactical achievements made but also to surpass them.

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“The frontline is expanding and the Nigerian Army is becoming increasingly committed with the eyes of the nation and the world on it,” he said.

“Our Infantry Corps must therefore not relent or rest on her oars as the entire Nigerian Army depends largely on the Infantry Corps to achieve its core mandate and mission.

 

“I admonish the Infantry that as the threats to Nigeria’s sovereignty are becoming asymmetric in time and space, you must be proactively way ahead of our adversaries in all aspects of the unfolding combat scenarios,” he added.

 

While calling on the Infantry Corps to review some of its tactical and operational strategies in the areas of night fighting capabilities, and frontline intelligence gathering on enemy activities, Ezeugu advised the corps to strengthen basic field crafts training in the areas of aggressive fighting patrols to dominate at least 5 km radius of their locations, ambushes, listening and observation posts as well as all levels of battle drills.

READ  FG arraigns Emefiele on six counts  over alleged N1.6bn procurement fraud

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Tinubu’s tax reforms not to frustrate Nigerians — Shettima

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Vice President Kashim Shettima says Nigeria’s tax reforms under the administration of President Bola Tinubu is targeted at improving the system for the overall benefit of all Nigerians.

He said contrary to speculations in some quarters, “we are not here to frustrate any sector of our economy but to create an administrative system that ensures the benefits of a thriving tax system for all our citizens.”

The Vice President, represented by the Special Adviser to the President on General Duties (Office of The Vice President), Aliyu Moddibo Umar, spoke on Saturday at the close-out retreat of the Presidential Fiscal Policy and Tax Reforms Committee held at the Transcorp Hilton, Abuja.

According to a statement by his spokesman Stanley Nkwocha, the Vice President explained that the policy thrust of the Tinubu administration’s tax reforms, pointing out that the dynamics of the nation’s fiscal landscape prompted the Tinubu administration to pause and reconsider the direction it was going.

READ  FG arraigns Emefiele on six counts  over alleged N1.6bn procurement fraud

 

“Our aim remains the revitalisation of revenue generation in Nigeria while sustaining an investment-friendly and globally competitive business environment,” he noted.

 

While expressing confidence in the ability of the committee to deliver on the mandate, the Vice President emphasised the significance of the task ahead, noting that “we are gathered today because we are transitioning from the phase of proposal in the operations of this committee’s work to the phase of implementation.

 

“I am confident that both the federal and state governments stand ready to ensure the effective implementation of your reform proposals, and we shall provide the institutional framework to guarantee the adoption of the consensuses of this committee, aligning them with our economic agenda,” he added.

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