Day: April 30, 2024

Finally, EFCC Arraigns Ex-Kwara Commissioner For N1.22billion Fraud

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The Economic and Financial Crimes Commission (EFCC) has arraigned a former Commissioner for Finance in Kwara State, Ademola Banu, before the Federal High Court sitting in Ilorin, the state capital, over alleged money laundering and misappropriation of state funds to the tune of N1.22 billion. The former commissioner was arraigned before Justice Evelyn Anyadike on Monday, April 29, 2024. The defendant was alleged to have among sundry issues conspired to divert the said sum during the administration of former Governor Abdulfatah Ahmed between May 2011 and May 2019 when he…

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Naira Crashes To N1,419 Against Dollar At Official Market

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The naira, on Monday, April 29, 2024, further depreciated at the official market, trading at N1,419.11 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N79.88 This represents a 5.96 per cent loss when compared to the previous trading date on Friday, April 26, when it exchanged at N1,339.23 to a dollar. Also, the total daily turnover reduced to 147.83 million dollars on Monday, down from 309.01 million dollars recorded…

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OPay, Kuda Bank, Moniepoint, Palmpay Can’t Onboard New Customers – CBN

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The Central Bank of Nigeria (CBN) has directed four fintech companies to suspend the onboarding of new customers. The affected fintech firms OPay, Palmpay, Kuda Bank, and Moniepoint, have come under scrutiny due to allegations of their accounts being utilised for illicit foreign exchange transactions. investigations revealed that most insider-related bank frauds were carried out via these fintech companies, particularly OPay accounts. According to sources, representatives from two of the companies acknowledged that the CBN’s directive was linked to fraudulent allegations. Confirming the development in a statement on Tuesday, OPay…

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MTV Base Celebrates ‘MTV Base Day’ With Epic Bash At The Good Beach

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MTV Base, Africa’s leading youth culture and entertainment brand channel, celebrated its annual MTV Base Day on Friday, 26 April 2024, with an electrifying night of music and entertainment at The Good Beach. Marking another year of championing African talent, the event was a resounding success, capturing African youth culture’s vibrant energy and spirit. The night showcased some of Nigeria’s stars, with captivating performances from artists such as Eltee Skillz, Morravey, Oladapo, 1dabanton, Gdzilla, Minz, W4 and. The atmosphere was electric as the music flowed, and the audience danced and…

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Finally, Finidi George Appointed New Super Eagles Head Coach

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The Nigeria Football Federation has appointed former Super Eagles winger Finidi George as the new head coach of the nation’s senior men’s national team. The announcement came in a statement on Monday, with the NFF Board approving the recommendation of its Technical and Development Committee to hand over the reins to the 52-year-old former Ajax Amsterdam and Real Betis forward. Finidi George, who spent 20 months as an assistant to the outgoing José Santos Peseiro, had been serving as the interim coach after the Portuguese tactician’s departure following the Super…

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Enugu Awards Contract To Revamp Hotel Presidential, Set To Revive Nigergas Company

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By Tony Adibe The Governor Peter Mbah-led Administration in Enugu State Government has awarded the contract for the revamping of Hotel Presidential, a premier hotel in the heart of the state’s capital. The administration also said that it was currently perfecting the terms of agreement for the resuscitation of the state-owned Nigergas Company Limited sequel to a memo by the Enugu State Investment Development Authority in line with Dr. Peter Mbah’s target to rehabilitate, refurbish, and commission all dormant state assets such as Nigergas. Government made these known after the…

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Nimbo Attack: Enugu Governor, Mbah Visits Community Over Killing Of 4 Villagers

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By NewsBits Governor Peter Mbah of Enugu State has described the recent attack that resulted in the death of four natives in Nimbo as unacceptable to his administration, vowing that enough was enough, as the government would track down and bring the attackers to book. Mbah described the attack as a collective tragedy to the entire state, assuring that the government would work with community and security stakeholders to strengthen security not only in Nimbo, but also the entire Uzo Uwani LGA. This was even as the Nimbo community called…

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Court Asks Air Peace To Answer FIJ’s Queries On Aircraft Operations

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By NewsBits A Lagos High Court has ordered Air Peace to answer questions raised by the Foundation for Investigative Journalism on the libel suit filed by the firm on its aircraft operations from Lagos to Anambra State on October 12, 2022. In the suit number: LD/ADR/4833/23 – Air Peace v. Foundation for Investigative Journalism, Air Peace maintains that it adhered to safety protocols and practices in compliance with safety directives and policies. It challenged FIJ’s Interrogatory’s compelling answers to questions regarding the aircraft used and flight operation, describing them as…

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