Governor Nasir el-Rufai Reveals Why Some People, Are Scared Of Restructuring

Mallam Nasir el-Rufai of Kaduna State in northern Nigeria The Governor of Kaduna State, Mallam Nasir El-Rufai, has disclosed that the reason why some people and groups are scared about restructuring was because restructuring would affect their political viability. This was made known through a statement by his Special Adviser to the Governor (Media and Communication), Mr Muyiwa Adekeye via speech by the governor titled, ‘Restructuring is a national endeavour, let’s realise it together’, and shared by the governor on his social media handles. The governor called for a collective…

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Christmas Travels: Arik Air Leases, Deploys Aircraft Boeing 737-700

The management of Arik Air said it has leased a Boeing 737-700 aircraft in order to enhance its operational capacity this Christmas period and beyond as a result of increasing travel demands. The airline, in a statement by Mr. Adebanji Ola, its Communication Manager, said that the aircraft, which was leased from Eznis Airways would be deployed to operations on Wednesday, December 2, 2020. Ola said the aircraft has arrived its facilities at the Murtala Muhammed Airport (MMA), Lagos on November 21, 2020, adding that the leased aircraft would enable…

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N2billion EFCC Case: Abdulrasheed Maina Arrested In Neighbouring Niger Republic

Having been on the run to evade trials in Nigeria, the operatives of intelligence service in a collaboration with men of anti-corruption agency in Nigeria finally arrested Mr. Abdulrasheed Maina, in a town in Niger Republic. Recall that failure to produce him in court landed Senator Ali Ndume in Kuje prison. The arrest, it was gathered was made possible due to an existing mutual relationship and security agreement between the two neighbouring countries. Maina, who was a former Chairman of the Pension Reform Task Team (PRTT), is facing a 12-count…

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Domiciliary Accounts: CBN Explains The New Guidelines

The Central Bank of Nigeria (CBN) through a circular issued by its Director, Trade and Exchange Department, Dr. Ozoemena Nnaji has clarified that following different interpretations on the operationalisation of domiciliary accounts and to ensure the stability of the foreign exchange market, export proceeds domiciliary accounts would continue to be operated based on existing regulations, which allow its holders use of their funds for business operations only, with any extra funds sold in the Investors & Exporters’ (l&E) Window. The circular also stated that for ordinary domiciliary accounts, where such…

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Nigeria Army Demotes General Adeniyi Over Leaked Video

Following what the Nigerian Army described as ‘violating social media guidelines’ the former Theatre Commander of Operation Lafiya Dole, Major General Olusegun Adeniyi, was on Monday convicted by a military court martial sitting in Abuja. The court martial also demoted the General.  The Army said the tribunal found Adeniyi guilty of violating military social media guidelines and ordered his demotion by at least three years. Adeniyi’s aide, Private Tokunbo Obanla, who was prosecuted alongside the general, was also found guilty and sentenced to 28 days in jail with hard labour.…

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