Thursday, May 10, 2018

Chinedu Asadu

    Falana to senate: Accept my sympathy, you lack power to summon IGP

Falana to senate: Accept my sympathy, you lack power to summon IGP

Femi Falana, human rights lawyer, says the senate "did not get it right" by tagging Ibrahim Idris, inspector-general of police (IGP), "an enemy of democracy".Following Idris’ failure to appear before the senate on three different occasions, the upper legislative chamber said he is unfit to hold any public office.The IGP had been summoned over the growing insecurity in the country and [...]

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    Magu: N24bn EFCC complex could have been built for N120bn 

Magu: N24bn EFCC complex could have been built for N120bn 

Ibrahim Magu, chairman of the Economic Crimes Commission (EFCC), has defended the use of N24 billion in building a new headquarters.Speaking with journalists during a tour of the complex in Abuja, on Wednesday, Magu said contrary to insinuations that the money is too much, the value of the building could have been five times the amount used.He said the EFCC [...]

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    Reps probe ‘mismanagement’ of safe school initiative fund

Reps probe ‘mismanagement’ of safe school initiative fund

The house of representatives has resolved to probe alleged mismanagement of the safe school initiative (SSI) fund in the north-east.This followed a motion raised during plenary on Wednesday by Shuaibu Abdulrahman, a lawmaker from Adamawa state.The SSI was launched as a global intervention fund in 2014 under the leadership of Gordon Brown, former British prime minister, after the abduction of [...]

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    Femi Adesina: Buhari never promised not to receive treatment abroad

Femi Adesina: Buhari never promised not to receive treatment abroad

Femi Adesina, spokesman of President Muhammadu Buhari, says the president never promised not to receive medical treatment abroad.He said this in reaction to a statement in circulation quoting Buhari as making the promise while speaking as a presidential candidate at Chatham House, London.Buhari was alleged to have asked: “What is the difference between me and those who elected us to [...]

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    House of reps adjourns but fails to lay 2018 budget as promised

House of reps adjourns but fails to lay 2018 budget as promised

The house of representatives has adjourned Tuesday's plenary without laying the 2018 appropriation bill for passage as earlier promised.Last week, Abdulrazaak Namdas, spokesman of the lower legislative chamber, said the 2018 budget would be laid before the lawmakers on Tuesday and passed within the week.“By next week (ie. this week), everything about the budget will be treated and passed,” he [...]

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    Femi Adesina: I want to believe Buhari will return on Saturday

Femi Adesina: I want to believe Buhari will return on Saturday

Femi Adesina, spokesman of President Muhammadu Buhari, says his principal's trip to London is “just for a review” of his health.In a statement issued on Monday night, Garba Shehu, also a presidential spokesman, said the trip is at the instance of the president's doctor.“The doctor requested the president to return for a meeting (after an initial one) which he agreed [...]

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    Rep to Buhari: I expected you to correct Trump that not only Christians are being killed

Rep to Buhari: I expected you to correct Trump that not only Christians are being killed

Aliyu Madaki, a member of the house of representatives, has asked US President Donald Trump not to bring his “divisive politics” into Nigeria.He said this on Tuesday in reaction to a comment Trump made when he recently hosted President Muhammadu Buhari last week.Trump had told Buhari, during their meeting, that America would not accept the killing of Christians in Nigeria.“We [...]

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    Osinbajo: No appetite to implement TSA under Jonathan

Osinbajo: No appetite to implement TSA under Jonathan

Vice-President Yemi Osinbajo says the administration of ex-president Goodluck Jonathan had no appetite to implement the treasury single account (TSA) policy.He said this on Monday while speaking at the opening ceremony of the open government partnership week held in Abuja.The TSA is a federal government-regulated account where all government revenues and incomes are domiciled. Jonathan introduced the policy in 2015 [...]

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    Reps panel ‘uncovers’ sharp practices in capital market operations

Reps panel ‘uncovers’ sharp practices in capital market operations

The house of representatives sub-committee on capital market, regulation and compliance says it is currently probing capital market operations in the country.The committee said in the course of the probe, it has uncovered “a lot of underhand and sharp practices” perpetrated by various companies in the capital market.Following petitions on the alleged sharp practices in the sector, the Tony Nwulu-led [...]

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    Omokore: Me, steal $3bn? Osinbajo’s office was misinformed

Omokore: Me, steal $3bn? Osinbajo’s office was misinformed

Jide Omokore, a business associate of Diezani Alison-Madueke, a former minister of petroleum resources, has denied stealing $3 billion in connivance with the minister.Laolu Akande, spokesman of Vice-President Yemi Osinbajo, had accused the trio of Omokore, Alison-Madueke and Kola Aluko, another businessman, of stealing $3 billion from the Nigerian National Petroleum Corporation (NNPC).Akande had said: “The companies of both Jide Omokore [...]

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    Saraki contradicts house of reps, says budget to be passed next week

Saraki contradicts house of reps, says budget to be passed next week

Senate President Bukola Saraki says the national assembly will pass the 2018 appropriation next week.This contradicts the earlier date the house of representatives set for the passage of the budget.Last week, Abdulrazaak Namdas, spokesman of the house of representatives, said the budget would be laid before the lawmakers on Tuesday and passed within the week.“By next week (ie. this week), [...]

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    Laolu Akande: N88bn Jonathan got illegally in one day is enough to fund 244,000 N-Power graduates for a year

Laolu Akande: N88bn Jonathan got illegally in one day is enough to fund 244,000 N-Power graduates for a year

Laolu Akande, spokesman of Vice-President Yemi Osinbajo, says his principal is standing by the allegations of corruption he levelled against the government of ex-President Goodluck Jonathan.He said this on Monday, while reacting to a report attributed to “Jonathan’s media office” on previous allegations.Osinbajo had been accused of lying against the ex-president or his government by citing the looting of the nation’s [...]

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    Report: EFCC traces $4.5m missing from Ibru’s properties to UK

Report: EFCC traces $4.5m missing from Ibru’s properties to UK

The Economic and Financial Crimes Commission( EFCC) has traced the  “missing” funds from sale of properties confiscated from Cecilia Ibru, former managing director/chief executive officer of Oceanic Bank, to the UK. About $4.5 million is said to be unaccounted for, out of the over $7 million recovered from the sale of 61 of such properties in Dubai.The properties were confiscated in [...]

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    Ezekwesili: It’s sad that Nigerian children now see death as common

Ezekwesili: It’s sad that Nigerian children now see death as common

Oby Ezekwesili, former minister of education, says it is unfortunate that children are becoming accustomed to hearing news about death.She accused President Muhammadu Buhari of doing Nigerians “greatest disservice” by not coming up with solutions to the incessant killings.In 2018 alone, hundreds have been killed in Nigeria in crisis situations — and this is outside the Boko Haram violence.Crisis situations such [...]

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    Buhari’s government seeking to foist a fascist regime’ – PDP petitions UN

Buhari’s government seeking to foist a fascist regime’ – PDP petitions UN

The Peoples Democratic Party (PDP) has petitioned the United Nations over the “thoughtless abuse of human rights” being perpetrated by the federal government in the country.In the petition dated April 30 and signed by Uche Secondus, PDP national chairman, the party also accused the All Progressives Congress (APC) administration of clamping down on the opposition.The party said there is a [...]

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    I have no plan to dump APC, says Ortom

I have no plan to dump APC, says Ortom

Samuel Ortom, governor of Benue state, says he has no plan to leave the All Progressives Congress (APC).Ortom said this in Sunday while reacting to a report naming him as among APC leaders planning to defect to another political party.Benue has witnessed several killings in 2018, with some accusing the APC-led federal government of failing to make adequate efforts to [...]

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Exchange Rates

May 09, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS360495436
KANO360494435
PH361494430
ABUJA360495430
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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