News

…Sets cumulative tenure limit of directors of the same bank to 24 years  The Central Bank of Nigeria (CBN) has increased the tenure of the Managing Director/Chief Executive of banks to a maximum of 12 years from 10 years. This was disclosed in a circular on the new, “Corporate Governance Guidelines for Commercial, Merchant, Non-interest … [Read more…]

…Nobody will harrass citizens for coming out under our watch – Police Security agencies in Enugu State have assured residents in the state to go about their normal businesses as they were on ground to protect them from any form of attacks and harassment. Operatives in the State gave this assurance on Sunday in Enugu … [Read more…]

THE Republic of Seychelles has confirmed a travel ban on Nigerian tourists due to criminal activities, including drug trafficking and internet fraud. According to a report by Seychelles News Agency, the country’s Vice-President Ahmed Afif confirmed the development tp journalists. Afif disclosed that some Nigerians have been linked to activities which the country considers to … [Read more…]

Justice Ibironke Harrison of the Lagos State High Court sitting at the Tafawa Balewa Square will on October 9 deliver judgment in the trial of suspended Assistant Superintendent of Police (ASP) Drambi Vandi, the alleged killer of Lagos-based lawyer Mrs. Omobolanle Raheem. Justice Harrison fixed the date for judgment after the prosecution team led by … [Read more…]

Justice Yusuf Halilu of a High Court of the Federal Capital Territory (FCT) has discharged Senator Rochas Okorocha of corruption charges filed against him by the Economic and Financial Crimes Commission ((EFCC). This is the third time Okorocha has been freed by courts in respect of alleged fraud and corruption said to have been committed … [Read more…]

…enjoins citizens to erase everything about sit-at-home from their memories …as PGs pledge support to end sit-at-home Governor Peter Mbah of Enugu State has assured residents and visitors carrying on businesses in the state of their safety, stressing that his administration had already placed security agencies on the highest level of alert to forestall security … [Read more…]

Governor Charles Soludo of Anambra state has vowed that the state and its residents will not obey any illegal sit-at-home orders. Soludo stated this following the state government’s directive that, henceforth, residents should ignore the sit-at-home order by unauthorised individuals or groups in the state. The directive was contained in a statement issued by the … [Read more…]

South-east governors and other Igbo leaders are set to meet President Bola Tinubu over rising insecurity in the region, Governor Hope Uzodinma of Imo State said on Thursday. Mr Uzodinma disclosed this while speaking with reporters shortly after meeting with Mr Tinubu at the Presidential Villa, Abuja. The governor recalled that he and other governors … [Read more…]

President Bola Tinubu has declared an immediate State of Emergency on food insecurity to tackle the increase in the prices of food, his spokesperson has said. Presidential spokesperson Dele Alake said in a Thursday statement that Mr Tinubu is “not unmindful of the rising cost of food and how it affects the citizens.” Food prices … [Read more…]

The State Security Service (SSS) has announced that it has charged the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, to court. SSS spokesperson Peter Afunanya, in a Thursday statement, said Mr Emefiele was charged in compliance with a court order. Mr Afunanya’s statement, released hours after the court order, did not provide … [Read more…]

The House of Representatives has amended the 2022 supplementary appropriation act and approved President Bola Tinubu’s request to source for 500 billion naira from the approved budget to provide palliatives for Nigerians following the removal of petrol subsidy. This amendment comes 24 hours after the president’s request and was speedily taken through 2nd and 3rd … [Read more…]