Connect with us

News

Good morning! Here Are Some Major News Headlines In The Newspapers Today: Banks involved in 70% of financial crimes – EFCC

Published

on

 

1. The Economic and Financial Crimes Commission, on Monday, indicted banks as being linked to about 70 per cent of the financial crimes in Nigeria. EFCC Chairman, Ola Olukayode, disclosed this while speaking in Abuja at the 2023 Annual Retreat and General Meeting of the Association of Chief Audit Executives of Banks in Nigeria.

2. The organised private sector has expressed concern about the spate of looting of trucks conveying food and raw materials by suspected hoodlums, warning that it can lead to a shutdown of industries across the country. The President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, said the current economic hardship was ushering in anarchy.

 

3. Former President Olusegun Obasanjo, on Monday, advised that Nigeria should approach the government of Zimbabwe for a solution to the current all-time high inflation in the country. He noted that since Zimbabwe was recently confronted with the same problem and came out of it, the southern African country would have useful advice for Nigeria.

READ  NORTH – SOUTH DIVIDE: The North Plots To Retain Power Again!

 

4. The House of Representatives, on Monday, called for the arrest of the top executives of Binance Holdings Limited, which is facing fraud allegations. Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value.

 

5. The Ondo State Security Network Agency, also known as Amotekun corps, has arrested no fewer than 67 men for allegedly engaging in kidnapping and some other crimes in the state. The suspects were said to have been arrested by the Amotekun corps in collaboration with the police, army, the Department of State Services and the Nigeria Security and Civil Defence Corps, in various parts of the state in the last two weeks.

 

6. Several people, including a soldier were reportedly killed by suspected bandits in separate attacks in Kwande and Apa Local Government Areas of Benue State. The attacks, according to some locals, happened between Saturday and Sunday in the Udedeku community of Maav-Ya, Mkoonmom district of Mbaikyor, Turan Jato-Aka and Ochumekwu in Kwande and Apa LGAs respectively.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Court grants EFCC permission to arrest ex-Kogi Governor, Yahaya Bello

 

7. Crash involving an articulated vehicle, along the Zaria-Kano Expressway claimed not less than 12 lives, while 28 others suffered varying degrees of injuries. The accident, as confirmed by the Federal Road Safety Corps, occurred at Tashar Yari Village at about 7.36 am on Monday, which the FRSC blamed on overtaking, speeding and overloading.

 

8. The Minister of State, Federal Capital Territory, FCT, Dr. Mariya Mahmoud, yesterday, declared that Sunday’s looting of a warehouse at Gwagwa-Tasha by hoodlums was a criminal act. She made this declaration at the end of her assessment visit to the site to ascertain the level of damage on the warehouse.

 

9. President Bola Tinubu has returned to Abuja after a two-day State visit to Qatar at the invitation of the Emir, Sheikh Tamim bin Hamad Al Thani. Tinubu, who arrived at the Presidential Wing of the Nnamdi Azikiwe International Airport, Abuja, around 6:37 pm, was received on arrival by senior government officials led by Vice President Kashim Shettima.

READ  BREAKING: EFCC arrests Ogun assembly speaker Oluomo over alleged financial crimes

 

10. The Federal High Court in Abuja yesterday adjourned a fresh N1 billion suit filed by Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, against the Federal Government until March 18 for a hearing. Justice James Omotosho had in January fixed the hearing for Monday. But counsel to the defence, I.I. Hassan, told the court that they were yet to be served with the processes.

News

29 Generals retire from Nigerian Army

Published

on

By

 

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.

READ  Kanu hires U.S. firm to lobby for Biafra

 

“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  Good morning! Here Are Major News Headlines In Nigerian Newspapers Today: Oil marketers threaten to close filling stations over rejection of old naira notes by banks

Continue Reading

News

Tinubu’s tax reforms not to frustrate Nigerians — Shettima

Published

on

By

 

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  We set-up Olokun Festival Foundation to rescue dying Yoruba culture, tradition - Gani Adams

 

“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.

Continue Reading

News

Good Morning! Here Are Some Major News Headlines In The Newspapers Today: Saboteurs switched off CCTV cameras during Kogi varsity invasion – Ododo

Published

on

By

 

1. Kogi State Governor, Usman Ododo, has blamed internal saboteurs for Thursday’s abduction of students of Confluence University of Science and Technology, Osara. The governor said preliminary investigation revealed that all the CCTV cameras installed in the school were switched off during the attack.

 

2. A medium range aircraft, Embraer 145, belonging to a premium services provider, Xejet Airlines, skidded off the runway and plunged into the grass areas of Runway 18Left of Lagos Airport on Saturday. The aircraft with 52 passengers and the crew members on board departed Abuja Airport before the incident at the runway of Lagos Airport.

 

3. Federal Capital Territory, FCT, Minister, Nyesom Wike, stormed Rivers State yesterday with a warning to his political opponents that their illegal acts stand no chance of success in the ongoing crisis in the state. Wike, the immediate past governor of the state, is currently in a stand-off with his successor and estranged godson, Siminalayi Fubara.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: EFCC may prosecute 300 forex racketeers

 

4. The federal government has said that the introduction of Compressed Natural Gas, CNG, buses under the Presidential CNG Initiative, PCNGI, will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance Minister and Coordinating Minister of the Economy, Mr. Olawale Edun, expressed this view in Lagos on Saturday.

 

5. Foreign Affairs Minister, Yusuf Tuggar has written all the foreign missions in the country to comply with the directive of the Economic and Financial Crimes Commission, EFCC, to charge payment for visa and consular services in naira instead of dollar. Tuggar has already met with a few envoys who sought more clarifications on the EFCC’s advisory.

 

6. Authorities of the Nigerian Army have launched a probe into how some soldiers kept in guard rooms (detention) for various offences broke the facility located at the 8 Division Garrison, Sokoto. It also said it would go ahead to implement the directive of the Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja, to look into the state of all Nigerian Army detention facilities.

READ  Good morning! Here Are Some Major News Headlines In The Newspapers Today: Court grants EFCC permission to arrest ex-Kogi Governor, Yahaya Bello

 

7. President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the country.

 

8. Former National Chairman of the Peoples Democratic Party, PDP, Prince Uche Secondus, has accused the Minister of the Federal Capital Territory, Nyesom Wike, of being the mastermind of the current charged political atmosphere in Rivers State. He alleged that Wike had instructed his aides and political associates to continuously malign and sabotage the peace, progress, and prosperity of Rivers State.

 

9. The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received via two major development projects. The first project is the Nigeria Reforms for Economic Stabilization to Enable Transformation Development Policy Financing, which is set to receive $1.5bn.

READ  Minna varsity lecturer found dead with her throat cut

 

10. No fewer than 17 persons were on Saturday injured in multiple road crashes on Ota-Idiroko Road. It was learnt that 15, out of the 32 persons involved in the accident which occurred at 8:55 am around Iju Bridge, managed to escape unhurt.

Continue Reading

Trending News