CBN spends N58.6bn to print 2.52bn Naira notes The Central Bank of Nigeria spent the sum of N58.6 billion to print 2.52 billion Naira notes valued at N1.1 trillion in 2020. Disclosing these yesterday in its Annual Currency Operations report for 2020, the apex bank also said it utilized $1.83 billion within the same year … [Read more…]
Nigerians, not Buhari, responsible for insecurity: Yahaya Bello “Who are we ready to do political hallelujah boys for? Take the facts and tell ourselves the truth that the situation that we find ourselves in today, we exactly called for it.” Governor Yahaya Bello of Kogi has blamed Nigerians for the worsening insecurity in Nigeria, insisting … [Read more…]
AnambraDecides: APGA now like a secret cult, says Bianca Ojukwu “APGA is now like a secret cult, and this has reduced our once vibrant party to a shadow of its former self,” she lamented. Widow of Dim Chukwuemeka Odumegwu Ojukwu, Bianca Ojukwu, has described the All Progressives Grand Alliance (APGA) as a secret cult, expressing … [Read more…]
Police rescue abducted UNIABUJA profs, others The police have reportedly rescued the six staff of the University of Abuja abducted by gunmen on Tuesday and reunited them with their families. Details of the rescue operation were sketchy but the Federal Capital Police Command spokesperson, Josephine Adeh, confirmed the development in a statement this morning. The … [Read more…]
The Supreme Court has described the raid on the Abuja residence of Justice Mary Odili by security operatives as an impunity taken too far. This came as the Body of Senior Advocates of Nigeria (BOSAN) met with the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN) where they … [Read more…]
Angry Igbo youths, yesterday, accused the Federal Government of deliberately arresting successful Igbo sons for selfish and political motives. Their anger followed the recent arrest of Igbo billionaire entertainer, Obinna Iyiegbu, popularly known as Obi Cubana, by operatives of the Economic and Financial Crimes Commission (EFCC) over alleged money laundering and tax evasion. … [Read more…]
The total amount of money owed to the Chinese government by the Federal Government as at March last year rose to $3. 121 billion (N1,126.68 trillion at USD/N361). The amount represents only 3.94 per cent of Nigeria’s total public debt of $79.21 billion as at September 2021. Similarly, in terms of external sources … [Read more…]
THE All Progressives Congress, APC, Federal Government must accept the blame for the fact that after six years in power, we are still deeply mired in our intractable petrol subsidy regime. As the leader of the then opposition party, Muhammadu Buhari had intensely argued that there was no fuel subsidy; that the subsidy … [Read more…]
EFCC Arrests Socialite Obi Cubana The Economic and Financial Crimes Commission (EFCC) has arrested a socialite Obinna Iyiegbu, better known as Obi Cubana. Obi Cubana is being questioned at the commission’s headquarters in Abuja. He arrived at the EFCC office around noon on Monday. Although details of allegations against the Anambra-born tycoon are still sketchy, … [Read more…]
Anambra Debate: Governorship candidates reluctant to condemn IPOB The activities of the pro-Biafra group, IPOB, appeared to have been a difficult issue for the governorship candidates in Anambra State to deal with during the just concluded political debate. Andy Uba of All Progressives Congress (APC), Chukwuma Soludo of the All Progressives Grand Alliance (APGA) and … [Read more…]
Fact Check, as Army Spokesman denies involvement of Army in Enugu community raid. Following trending videos of some men cladded in military uniform, shooting in a place alleged to be a community in Enugu, the 82 Division spokesman, Abubakar Abdullahi, has denied the involvement of the Army in the shooting. In a telephone chat between … [Read more…]
South-East Council of Traditional Rulers and representatives of Igbo Archbishops and Bishops; and the World Igbo Congress, WIC, have appealed to the federal government, to release the leader of Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu.Similarly, the groups also expressed “deep concern” over the high level of insecurity and socio-economic disruption in the southeast … [Read more…]