The recent murder of over 40 vigilantes by bandits in Bakori Local Government Area of Katsina state has changed the presidential campaign rally of the All Progressives Congress (APC) to a prayer session on Monday. It was a solemn environment at the Muhammadu Dikko Stadium as fewer attendees at the rally, despite the presence of President Muhammadu Buhari. Also Read: SERAP sues Lawan, Gbajabiamila over ‘unlawful’ N228.1bn NASS Budget Party leaders such as the APC Presidential Candidate Asiwaju Bola Ahmed Tinubu, Katsina State Governor Aminu Bello Masari and Chairman of Progressive Governors’ Forum and Kebbi State Governor Atiku Bagudu told…
Author: meridianspy
The World Bank Country Office in Nigeria’s capital city, Abuja, has said that the hardship being faced by Nigerians due to fuel scarcity and the naira redesign policy could escalate tension in Africa’s largest economy ahead of the general elections. According to an internal document dated February 2, obtained exclusively by PREMIUM TIMES, the bank said that the deadline of 10 February for the phasing out of old naira notes will cause a cash crunch which could be economically and socially damaging to vulnerable people in Nigeria. “The shortage of cash compounds fuel shortages which have been ongoing for months,”…
Manchester City’s title hopes are in trouble again as they face likely points deduction or expulsion from the English Premier League (EPL) over allegations of breaking financial rules. A Premier League statement issued on Monday afternoon confirmed that “Manchester City have been charged with numerous breaches of financial rules following 4-year investigation.” Also Read: Ahead of January deadline: Chelsea bids £105.6m for Benfica midfielder, Enzo Fernandez “Possible sanctions if found proven include points deductions or even expulsion from the league,” The Times report says. The club has however rejected the allegations, calling for a further probe by an Independent body.…
Worried about the effects of Central Bank of Nigeria (CBN)’s naira redesign policy is having on the residents of their respective states, the governments of Kaduna, Kogi and Zamfara have dragged the Federal government before the Supreme Court. The governors are seeking a restraining order to stop the full implementation of the policy which takes effect on February 10. In a motion ex-parte filed on their behalf by their lawyer, AbdulHakeem Uthman Mustapha (SAN), the three northern states are urging the apex court to grant them an interim injunction stopping the Federal Government either by itself or acting through…
By Dakuku Peterside Nigerians are facing the reality of scarcity of cash literarily. Banks are overwhelmed by angry customers demanding money, the ATMs are flooded with furious Nigerians struggling to withdraw cash, and some spend the whole day hoping to get a few Naira notes to pay bills. POS operators complain of a lack of money; a few have charged between 15% and 20% to customers to get some cash. Most Nigerians are stranded because the bank apps for transfers need to be fixed, and most cannot make or receive transferred money. Naira notes are in high demand, and the…
Godwin Emefiele, the governor of the Central Bank of Nigeria, has issued a warning to anyone seen spraying the New Naira note have the possibility of being arrested along with any collaborators from a commercial bank and any Central Bank official who helped them get access to newly currency. Emefiele noted that anyone earned money in a legitimate way, will not be spraying money like the people seen in trending videos have done, adding that all those seen spraying the newly-redesigned currency will be traced and prosecuted. Also Read: Currency and Fuel Scarcity: 3 killed as Youth, Police Clash in…
Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Senate President, Dr Ahmad Lawan and Speaker of House of Representatives, Mr Femi Gbajabiamila over their “failure to cut the unlawful National Assembly budget of N228.1bn, including the N30.17bn severance payments and inauguration costs for members.” The suit followed the move by the National Assembly to increase its 2023 budget from N169bn proposed by President Muhammadu Buhari to N228.1bn. The approved budget shows an increase of about N59.1bn. The country’s budget of N21.83tn is based on a N10.49tn revenue, and N11.34tn deficit. In the suit number FHC/ABJ/CS/152/2023 filed…
The spokesperson for the All Progressives Congress Presidential Campaign Council, Festus Keyamo; and a immediate past Speaker of the House of Representatives, Yakubu Dogara, traded words on Sunday over the endorsement of the APC presidential candidate, Bola Tinubu, by the President, Muhammadu Buhari. Recall that Buhari on Saturday, had said he will continue to campaign for Tinubu as the “next president of Nigeria”. Buhari, on his Twitter handle, described Tinubu as a Nigerian who would give his best to Nigeria. The tweet read, “Today in Lafia, Nasarawa State, I delivered my message: vote Asiwaju Bola Ahmed Tinubu as the next…
Nigerian singer, Temilade Openiyi, popularly known as Tems, has set a new record for Nigerian music at the 65th edition of the prestigious grammy awards 2023. The singer, whose significant contributions earned her three nominations for the Grammy Awards in 2023, has won her first Grammy award in the category of “Best Melodic Rap Performance” for her vocal and compositional work on Future’s big single “Wait For U,” which also features Drake and herself. Also Raed: Am glad to have My 10th House, Naira Marley thanked God for his Acquired Glass Mansion Meanwhile, her colleague, award-winning singer, Damini Ogbulu, known…
NDLEA Intercepts 75.75kg skunk from Canada Returnee The National Drug Law Enforcement Agency (NDLEA) has seized 75.75kgs of cannabis indica, which came from Montreal, Canada, hidden in a container of four used vehicles. with number MSCU 5336680. In a statement by the Director, Media and Advocacy NDLEA, Mr Femi Babafemi, on Sunday in Abuja. Babafemi said that this was coming barely a month after operatives at the Tincan seaport intercepted a consignment of 24.5kgs of cannabis indica, concealed in used vehicles imported from Canada. He said the consignment had also been traced to a suspect already in custody in connection…
The Kenyan government has dropped the financial impropriety charges against Nigerian Financial Technology company, Flutterwave. The Kenyan government in July last year blocked 62 bank accounts with Sh6.2 billion ($59.2 million) belonging to Flutterwave and some other firms. Another $3.3 million belonging to Flutterwave was also seized two months later amid accusations that the FinTech firm and some companies were involved in card fraud and money laundering. Also Read: NNPCL, Daewoo Seal $740.6m Contract To fix Kaduna Refinery The company later denied the allegations in a statement issued a few days later. “Claims of financial improprieties involving the company in…
The People’s Democratic Party (PDP) has decried the excruciating pain and distress being faced by Nigerians from their inability to access the new naira notes occasioned by the reported nefarious activities of corrupt APC leaders, who are compromising the system to intercept and hoard the new banknotes for their selfish vote-buying plans ahead of the February 25, 2023, Presidential election. The party expressed optimism that the hopelessness and anguish brought upon the nation by the APC administration will be a thing of the past when the PDP Presidential candidate, Atiku Abubakar assumes office as President come May 29, 2023. PDP,…