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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.
Enugu State Governor, Dr. Peter Mbah, has reiterated his commitment to reviving the Institute of Management and Technology (IMT), Enugu. The Governor received the report of the Committee of Inquiry into the Accounts, Management Practices, and Staff Conduct in the institute. The report will serve as a pillar for planned reforms in the institution and education sector statewide.
Governor of Enugu State, Dr. Peter Mbah, has expressed his determination to revitalize the Institute of Management and Technology (IMT), Enugu. In a bid to restore the institution to its former glory, the government has received the report of the Committee of Inquiry into the Accounts, Management Practices, and Staff Conduct in IMT. This report will serve as a foundation for planned reforms not only in IMT but across all levels of education in Enugu State.
The Nigerian Association of Road Transport Owners (NARTO) has called on the Federal Government to remove the 7.5% Value Added Tax (VAT) on Automotive Gas Oil (AGO), also known as diesel. NARTO warns that failure to remove the VAT would lead to disruptions in the distribution and supply of petrol (PMS). The high cost of diesel, coupled with the deplorable state of roads and skyrocketing dollar rate, has made the cost of doing business in the transport sector unbearable.
Unity Bank Plc, a retail lender in Nigeria, is determined to prioritize recapitalization and asset creation in response to the prevailing foreign exchange revaluation in the financial system. The bank's Managing Director, Tomi Somefun, acknowledged the disruptions and impact on the bank's financial positions due to the depreciation of the Naira currency. However, she expressed optimism about the positive economic outcomes of government policies in the near future. Unity Bank Plc aims to bolster its asset creation, liability generation, and business growth while focusing on process automation, cost efficiency, and value chain relationships.
The Nigerian Communication Commission (NCC) is actively conducting a sensitisation program across the country to educate individuals about the dangers of electronic fraud. The program aims to empower Nigerians with the necessary knowledge and information to protect themselves from falling victim to scams and online fraud. The NCC emphasizes the importance of safeguarding personal information and not trusting anyone with sensitive details, such as ATM card details and PIN numbers. By spreading awareness and promoting online security, the NCC hopes to prevent citizens from becoming victims of electronic fraud.
Students of the University of Jos in Plateau State, Nigeria, have taken to the streets to protest against the significant increase in school fees and other services rendered by the institution. The students blocked roads leading to the campus, carrying placards with powerful messages demanding a reversal of the fee hike. This protest is part of a larger trend where several Nigerian universities have raised their tuition fees, leading to widespread frustration among students and the public at large.
Surajudeen Olasinde recounts the harrowing incident of his wife and two daughters being kidnapped in Abuja. The kidnappers demanded a hefty ransom but were eventually paid a fraction of the initial amount. The family is now seeking help from authorities to ensure their safety.
Armed men attacked the village of Kulben in Nigeria, resulting in the death of at least 26 people. The assailants first injured one person before invading the village and intermittently firing at the fleeing residents. Security forces arrived after the attackers had escaped. This incident adds to the escalating security threats faced in northern and central Nigeria.
Edo State Government has implemented a free transportation scheme to alleviate the impact of the fuel subsidy removal imposed by the federal government. The scheme, spearheaded by Governor Godwin Obaseki, aims to provide Edo residents with affordable commuting options within the state. The Edo City Transport Service (ECTS) will offer free bus rides during the initial two-month period, covering both intra-city travel within Benin metropolis and connections to major cities across the three senatorial districts. This initiative showcases the government's commitment to the welfare of its citizens.
The United Arab Emirates (UAE) has lifted the visa ban on Nigerians following an agreement between President Tinubu and President Mohammed bin Zayed Al Nahyan. This move will see the resumption of flights by Etihad and Emirates Airlines into and out of Nigeria. The agreement also includes new investments worth billions of US dollars into the Nigerian economy and a forthcoming foreign exchange liquidity management programme between Nigeria and the UAE.
Nigeria's Bank of Industry (BOI) has recorded significant growth in its financial performance, with total assets reaching N3.3 trillion as of June 2023. The bank's profit before tax after impairments saw a substantial increase, and it maintained a low non-performing loan rate. Under the leadership of Olukayode Pitan, BOI has raised billions of dollars to support the growth of Nigerian industries and small businesses.
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.
PHED has begun the Global Token Identifier Rollover (TID) for prepaid meters in its franchise area. This initiative is in line with the directive of the Nigerian Electricity Regulatory Commission (NERC). The upgrade involves implementing a standard transfer specification code with key change tokens to ensure seamless meter functionality.
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