The Supreme Court has affirmed the victory of Peter Mbah as the elected governor of Enugu State in the March 18 gubernatorial election. While delivering the judgement on Friday, the five-member panel of the apex court led by Justice Mohammed Garba, in a unanimous decision, held that a petition filed by the governorship candidate of the Labour Party (LP), Chijioke …
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CBN investigators say Emefiele lodged Β£543m in UK court alone, reveals other monumental fraud
The final report of the Special Investigator on the Central Bank of Nigeria and related Entities, Jim Obaze has uncovered alleged monumental fraud perpetrated under Godwin Emefiele. The alleged fraud under the erstwhile Governor of the apex bank, is said to include opening of 593 bank accounts in the United States, United Kingdom and China without the approval of the …
Read More »Nigeria spends N1.79tr on domestic debt servicing in 3 months
Nigeria has spent the sum of N1.792tr on servicing domestic debts in three months of July, August and September 2023, data sourced from the Debt Management Office (DMO) by Ripples Nigeria has shown. For the month of July, the country spent N268bn to service its domestic debt. The figure rose to N696bn by August 2023 before hitting N827b in September …
Read More »Rivers Assembly withdraws impeachment notice against Fubara
The intervention of President Bola Tinubu in the political crisis in Rivers State has started yielding results, as members of the state House of Assembly have withdrawn the impeachment notice that was previously sent to Governor Siminalayi Fubara. The lawmakers officially began their sessions in the state capital of Port Harcourt on Wednesday. The lawmakers gathered solely to focus on …
Read More »RipplesMetrics: 2024 proposed budget: What critical sectors are getting
In November, President Bola Tinubu presented his first appropriation bill to a joint session of the National Assembly, as the president of Nigeria, proposing to spend N27.5 trillion in the 2024 fiscal year. The budget is about N6 trillion higher than the N21.83 trillion approved by former president Muhammadu Buhari for 2023. RipplesMetrics has reported the trends of increasing budget …
Read More »EFCC detains ex-power minister, Agunloye for alleged $6bn Mambilla project fraud
The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of State for Power, Olu Agunloye, Channels Television reports.Read more The commission had on December 13 declared wanted the former head of the Federal Road Safety Corps (FRSC) for alleged $6 billion fraud in the Mambilla hydroelectric power project. In a public notice posted on its X platform, …
Read More »SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures and teaching approaches available. OLUWATOBI ODEYINKA writes. Helen Samuel is a 40-year-old HND 2 student at The Polytechnic, Ibadan. And while her mobility disability couldnβt stop her from pursuing education to the tertiary level, it subjected her academic journey to …
Read More »Former Plateau Gov, Lalong, resigns as Labour Minister, heads to Senate
Former Plateau State governor, Simon Lalong, may have resigned from his position as the Minister of Labour and Employment, thus ending weeks of speculations. One of President Bola Tinubuβs media aides, Imran Mohammad who posted the development on X on Monday, said the President had accepted the resignation while a valedictory will be held at the Federal Executive Council (FEC) …
Read More »Kano gov, Yusuf, to know fate Dec 21 as Supreme Court fixes date to hear appeal against sack
The Kano State governor, Abba Yusuf will know his fate on Thursday December 21, as the Supreme Court has fixed that date to hear his appeal agains the judgement that had sacked him from office. This was made known on Monday by the governorβs counsel, Bashir Tudun Waziri, who said a hearing of notice had been given to their legal …
Read More »NGX: Equity market begins week on bullish note as investor make N8bn profit
The equity market began the week on a bullish note as trading activities on the floor of the Nigerian Xchange closed positive Monday (18/12/2023) by 0.02%. The All-Share Index ASI increased to 72,404.91 from 72,389.23 recorded at the close of the trading on Friday December 15, 2023. Investors also made a profit of N8.58bn as market capitalization increased today by …
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