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A Federal High Court in Lagos has ordered the permanent confiscation of properties worth over N12 billion allegedly linked to Godwin Emefiele, former Governor of the Central Bank of Nigeria (CBN). This comes after an earlier court order granted temporary control of the assets to the Economic and Financial Crimes Commission (EFCC). The EFCC accused Emefiele of using proxies to …

The equity market restarted from the Eid al-Fitr holiday with investors losing N47 billion by the end of the trading session on Wednesday. This follows the fall in share prices, including CAVERTON, ABC TRANSPORT, and NB on the stock exchange floor today. After five hours of trading on the capital market, equity capitalization fell to N56.4 trillion from N56.5 trillion …

Principal Spokesperson, Peter Obi/Datti Baba-Ahmed of the 2023 Election Presidential Campaign Council, Alhaji Yunusa Tanko, said that reform of the current electoral process is much more necessary than the proposed single-term rotating president, to deepen democracy. Tanko, former National Chairman of the defunct National Conscience Party, said this in an interview with journalists in Abuja on Tuesday, and stressed that …

National Rivers State Governor, Siminalayi Fubara, has directed the 23 local government chairmen in the state to hand over the posts to the administrative heads of their various councils. Fubara gave the guidance in a statewide broadcast Tuesday morning. READ ALSO: Rivers Fubara Assembly faction confirms eight commissioner candidates The order was issued after the end of the terms of …

Rivers State is on edge as the term of office of local government chairmen ends today, June 17, at midnight, with the chairmen refusing to leave office despite warnings from Governor Siminalayi Fubara. The Association of Local Governments of Nigeria (ALGON) chairmen are relying on a controversial law passed by the State House of Assembly, which extends their term of …

Here are the top 10 stories making headlines across the country. 1. The Presidency hits back at the New York Times, saying Tinubu inherited a “dead economy” that needs urgent surgery The Presidency has given a strong response to a New York Times report on Nigeria’s economic situation, characterizing the article as “misleading”, “misleading” and “typical of the prescriptive and …

The Presidency has given a strong response to a New York Times report on Nigeria’s economic situation, characterizing the article as “misleading”, “misleading” and “typical of the prescriptive and insulting manner” in which foreign media often report situation in Africa. country. In his full statement, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Sunday, delivered a detailed rebuttal, …

CLAIM: An X user posted a picture of a military checkpoint claiming that it was shot on a road in the Southeastern region of Nigeria. VERDICT: False! FULL TEXT Some X users in recent posts, have alleged that the number of military checkpoints in the Southeastern inter-state roads have increased, a situation they claim is causing hardship for travelers especially …

The House of Representatives, last week, raised the alarm on the alleged invasion of Okwa community in Cross River State by Cameroonian bandits. One other story from the National Assembly (NASS), was also analysed within the week under review. 1. As Cameroonian bandits invade Cross River On December 20, the House of Representatives appealed to President Bola Tinubu to urgently …

Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, says embattled ex-CBN Governor, Godwin Emefiele, will go down in history as the worst Governor to ever head the apex bank. Moghalu, a former presidential aspirant, who made his position known in a series of tweets on his verified X account on Saturday, said the report released by …