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Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have apprehended Pastor Michael Ogundepo in Akure, Ondo state, for an alleged N1.6m visa scam. The pastor is accused of seizing a victim's passport and converting N1.67m for personal use. This incident highlights the need for individuals to be cautious and verify the authenticity of visa application services.
The Nigerian Postal Services (NIPOST) has experienced a significant decline in revenue over the past three years, with turnover dropping by 43.8% between 2019 and 2022. The National Bureau of Statistics (NBS) released data showing that NIPOST generated only N3 billion in 2022, compared to a five-year high of N5.37 billion in 2019. This decline in revenue can be attributed to a decrease in the number of post offices, postal agencies, and boxes installed, as well as increased reliance on charges from private courier operations.
Former special adviser to the managing director of NDDC, George Turnah, has been sentenced to six years imprisonment for obtaining money under false pretense. The sentence was passed by the Federal High Court in Port Harcourt alongside two others. This marks a significant step in the fight against corruption in Nigeria.
Umar Dangiwa, a former military administrator of Kaduna, has stated that the ongoing probe of the Central Bank of Nigeria (CBN) by the Bola Tinubu administration will expose significant corruption that occurred under the Muhammadu Buhari government. Dangiwa highlights alleged forex round-tripping and Anchor Borrowers fraud by the President's cabal. This article delves into the claims made by Dangiwa and the implications of the CBN probe.
The Nigeria Customs Service (NCS) has suspended two commercial banks for failing to remit import duties and other statutory charges. The banks, whose names were not disclosed, were unable to meet the Service-Level Agreements (SLAs) set by the NCS. The suspension, aimed at ensuring transparency and efficiency in revenue collection, involves a substantial sum of over N10 billion. Importers are urged to use authorized dealer banks that comply with NCS regulations.
Nigerian journalist Damilola Ayeni has been arrested in Benin and falsely accused of involvement with a jihadist terror movement. This case highlights the importance of press freedom in Africa and the need for authorities to release Ayeni immediately and unconditionally. The Committee to Protect Journalists (CPJ) has called for Ayeni's release and for all charges against him to be dropped.
Nigerian journalist Damilola Ayeni has been released after being detained by authorities in Benin. The Committee to Protect Journalists calls for his unconditional release and dropping of charges, highlighting the need for press freedom and safety for journalists.
Nigeria's Court of Appeal has rejected petitions filed by the opposition challenging the legitimacy of President Bola Tinubu's victory in the February election. The court ruled that the opposition parties were unable to provide sufficient evidence of voting irregularities or to question Tinubu's qualifications. The verdict can still be appealed at the Supreme Court within 60 days.
The Nigerian appeals court has rejected opposition challenges to overturn President Bola Ahmed Tinubu's election victory. The court dismissed petitions from two main opposition parties after a highly contested ballot. The ruling may now be appealed to the Supreme Court, which has never overturned a Nigerian presidential election since 1999. Despite the opposition's claims of fraud and electoral law violations, Tinubu's victory remains intact.
The Nigeria Sovereign Investment Authority (NSIA) recently hosted members of the House of Representatives who came to Lagos to assess the impact of various projects undertaken by the Authority on the country's economy. The visit primarily focused on healthcare, infrastructure, and agriculture. The lawmakers praised the NSIA's interventions in the healthcare sector, particularly at the NSIA-LUTH Cancer Centre. The NSIA has made significant investments in the healthcare industry, including the establishment of modern medical diagnostic centers and plans for expanding the oncology and diagnostic facilities across Nigeria. Additionally, the lawmakers inspected the Golden Fertilizer Company Limited, revived under the Presidential Fertilizer Initiative, and the Lagos-Ibadan Expressway.
An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China (PBoC) to reduce reliance on dollars for trade. This article discusses the importance of implementing the Nigeria-China currency swap and its potential benefits for businesses and the Nigerian economy.
More than 60 people in Nigeria have been arrested and remanded in prison for their alleged involvement in a gay wedding. Homosexuality is illegal in Nigeria, and a 2014 anti-gay law carries severe penalties for those convicted. The suspects are facing charges related to celebrating a gay wedding, with a court granting a remand request from the police. The defense lawyer is working to secure bail for the suspects before the 14-day remand period expires.
More than 60 people arrested in Nigeria in connection with an alleged gay wedding have been remanded in prison. Homosexuality is illegal in Nigeria and is generally viewed as unacceptable in most parts of Africa. The suspects are facing charges related to allegations of celebrating a gay wedding. The court has granted a remand request from the police, and the next hearing is scheduled for September 18. A 2014 anti-gay law in Nigeria includes a prison term of up to 14 years for those convicted and bans gay marriage, same-sex relationships, and membership of gay rights groups.
The Economic and Financial Crimes Commission (EFCC) has revealed that the reason behind featuring fraud suspect, Adedamola Adewale (aka Ade Herself), at the National Youth Service Corps (NYSC) Orientation lecture was to utilize her talent as an actress, skit maker, and social media influencer to dissuade other youths from engaging in cybercrimes. The EFCC clarified that the fraud charges against Ade Herself had been resolved, and comments and reactions simply displayed a lack of information.
The Nigerian private sector experienced a contraction in business activity during the third quarter of the year, according to the Stanbic IBTC Bank Nigeria Purchasing Managers' Index (PMI) report. The report highlights the impact of rising prices, particularly due to higher transportation costs and the removal of the fuel subsidy. As a result, demand diminished, new orders and employment growth slowed, and the overall health of the private sector marginally weakened. Despite these challenges, some sectors like agriculture and manufacturing continued to see output increase, offering a glimmer of hope for the future.
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