The Labour Party (LP) in Kwara has suspended Basambo Abubakar, the governorship candidate of the party in the state, for alleged anti-party activities. Basambo’s suspension comes in the wake of his endorsement of Shuaib Abdullahi, governorship candidate of the Peoples Democratic Party (PDP) in Kwara. Speaking with journalists on Tuesday, Kehinde Rotimi, the Kwara LP chairman, said the LP has not joined forces with any party for the governorship and state assembly polls billed for Saturday. Rotimi said Abubakara has no authority to announce the alignment of the LP with another party. He called on supporters of the party to…
Author: meridianspy
Some experts have expressed different opinions about the impact of the collapse of the American bank, Silicon Valley Bank, on the Nigerian economy. Regulators closed SVB Financial Group and its subsidiary, Silicon Valley Bank, on Friday and seized its deposits in what is the largest US banking failure since the 2008 financial crisis and the second-largest ever. The beginning of the end for SVB started on Wednesday, when it surprised investors with news that it needed to raise $2.25bn to shore up its balance sheet. According to a California regulatory filing, customers withdrew $42bn of deposits by the end of…
The Department of State Services (DSS) has reportedly deployed its operatives to the Kirikiri Maximum Security Prison in Lagos, Daily Post reports. The personnel said to be more than a dozen, arrived at the penitentiary located in the Apapa area late afternoon of Sunday, March 12. Their presence is linked to an alleged attempt on the life of one of the daughters of Vice President Yemi Osinbajo. Osinbajo, a former Commissioner of Justice in Lagos, and his wife Dolapo have two daughters Damilola and Kanyinsola and a son Fiyinfoluwa. Since arrival at Kirikiri, the DSS agents have been patrolling inside…
The residents of the FCT’s Kpaduma Community have filed a lawsuit against the FCT Administration (FCTA) over the destruction of their homes and are seeking N10 billion in damages. After court proceedings yesterday at the FCT High Court in Life Camp, Abuja, the natives’ attorney, Sylvester Ogbelu, told journalists that they were in court to challenge the demolition of their homes in defiance of court orders prohibiting the FCTA or any developer from taking any action against the community. He said, “We are also challenging the FCTA for the torture, harassment, victimisation, oppression and the kind of hardship the people…
The Speaker of the House of Representatives, Femi Gbajabiamila, has debunked speculation that he is lobbying to be appointed his Chief of Staff. Gbajabiamila, who has been representing the Surulere I Federal Constituency of Lagos since 2003, is a key loyalist of Tinubu’s. While other elected members of the 10th House of Representatives were at the International Conference Centre (ICC) to collect their certificates of return, the Speaker was noticeably absent last week. As a result of his absence, there were reports that Gbajabiamila was lobbying to be appointed as chief of staff to Tinubu. However, speaking with journalists in…
The federal government on Monday says set to relocate over 10,000 persons from Mosun Kingdom in Bassa LGA of Kogi state following the impact of the 2022 floods. Abubakar Yelwa, managing director of the Hydro-Electricity Power Producing Areas Development Commission (HYPPADEC), spoke on Monday during a tour of affected communities. NAN reports that Yelwa said the relocation became necessary because the negative impact of the 2022 floods caused villagers to desert their homes for safety. Also Read: NiMet Forecasts More Flood inn 2023 He added that the government will soon commence the construction of buildings that would accommodate the affected…
A coalition of nine political parties, under the age is of the Alliance of Registered Political Parties (ARPP), has endorsed the re-election bid of Babajide Sanwo-Olu, governor of Lagos. Addressing a the press on Monday, Ajayi Adebayo, leader of ARPP, said the decision was reached after a thorough analysis of the performance of Sanwo-Olu. Adebayo said the group resolved not to sacrifice various achievements of the Sanwo-Olu-led administration on the altar of bitter politicking. He said the coalition also desires continuity and realisation of the Lagos dream. “We reached this decision sequel to our thorough analysis of all the good…
Bare few days to the governorship and state house of assembly poll, Gunmen have kidnapped the Accord Party candidate for the Ogba/Egbema/Ndoni Local Government Area Constituency 2 in the Rivers State House of Assembly for the March 18 election, Chukwudi Ogbonna. Mr. Ogbonna was reportedly kidnaped while driving in his car at Rumuigbo, near Port Harcourt on Monday night when the gunmen forced him to stop and whisked him away with his car. The candidate’s cousin’s brother, Ifeaka Nwakiri confirmed the incident to our Punch on Tuesday morning, saying “They took him with his Mercedes car. We have reported the…
Roland Okajere, 36, has been remanded to the Kirikiri Correctional Center by an Ikeja Magistrate’s Court in Ogba, Lagos State. He was remanded for allegedly raping his 18-year-old daughter inside his shop in Ikotun. Following the defendant’s arraignment on Monday for a charge of rape that the police had filed against him, the magistrate, Mr. L. A Owolabi, issued the order. The police prosecutor, Inspector Esther Igbineweka, told the court that the defendant committed the offence on January 4, 2023. According to the prosecutor, the offence committed is punishable under Section 260 of the Criminal Law of Lagos State,…
By kabir Abdulsalam The National Identity Management Commission (NIMC), has announced new fee of N1,000 for National Identity Number (NIN) integration and verification. In a statement, yesterday by agency spokesman, Kayode Adegoke, said the new arrangement was in furtherance of the Ministry of Communications and Digital Economy’s directive to streamline passport application, renewal and issuance processes. Adegoke said every Nigerian seeking NIN verification would pay verification fee of N1000; African countries, $3.00 (organization or its equivalent in other currencies) and other countries $10.00 (or its equivalent in other countries) NIMC. Also Read: Unlike Zenith bank, MTN apologies to Subscribers for…
The largest oil and gas field financing transaction of about $1.1bn – Oil Mining License 17, owned by billionaire business tycoon, Tony Elumelu, is currently under investigation following the uncovering of an illegal oil bunkering facility connected to it, The PUNCH has learnt. In a report, the investigation was necessitated after the Nigeria Security and Civil Defence Corps on Thursday, uncovered an illegal local refinery at Otamiri-Etche, Etche Local Government Area of Rivers State. The illegal refinery, report gathered, steals crude from OML17 fields operated by Heirs Holding Oil and Gas Limited. In 2021, Heirs Holdings acquired 45 per cent…
Finally, Emefiele bows To Supreme Court Judgement, plays Old N500, N1000 Banknotes As Legal Tender The Central Bank of Nigeria (CBN) has finally bowed to pressure, after announcing that Old N500, N1000 Banknotes now remain Legal Tender. In a statement, the acting Director, Corporate Communications, Isa AbdulMumin, at the late hour of Monday. The statement read in full: In compliance with the established tradition of obedience to court orders and sustenance of the Rule of Law Principle that characterized the government of President Muhammadu Buhari, and by extension, the operations of the Central Bank of Nigeria (CBN), as a regulator,…