Day: May 8, 2024

The Court of Appeal sitting in Lagos has adjourned till September 16, the hearing of the appeal filed by the Chairman of Ibeto Energy Development Company, Cletus Ibeto, challenging the jurisdiction of the State High Court to try him over an alleged N4.8 billion fraud. Justice Muhammed Mustapha who presided over the appellate court adjourned the appeal to await the report of settlement talks between the Economic and Financial Crimes Commission (EFCC) and the appellant. EFCC had charged Ibeto alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd,…

Read More

Nigeria’s President Bola Tinubu has returned to Abuja after two-week trips to The Netherlands, and Saudi Arabia. Tinubu, who left Nigeria on April 23, returned to the Presidential Villa in Abuja in the early hours of Wednesday, May 8, 2024. His return was confirmed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. Onanuga, in a post on his X account on Wednesday, wrote: “Welcome Home Mr President!” The presidential spokesman had, in a tweet on Tuesday evening, disclosed that Tinubu will return to Nigeria on…

Read More

By NewsBits The management of the Bamidele Olumilua University of Education Science and Technology Ikere-Ekiti (BOUESTI) has expelled a female student caught in a viral video flogging her colleague. On Monday, a clip circulated on X, which captured the student assaulting her colleague with a cane. In the footage, the perpetrator is heard screaming at the victim, saying: “I want to see you fight back. You called me a bastard? Is it because I have kept silent? I must draw blood from you today and no one can stop me”.…

Read More

By NewsBits Vladimir Putin could surpass Joseph Stalin as Russia’s longest-serving leader since Catherine the Great if he completes this latest term as president. Vladimir Putin began his fifth term as Russian president at a palace in Moscow in front of a crowd of faces – including actor Steven Seagal and the leader of a biker gang. “We are a united and great people and together we will overcome all obstacles, realise all our plans, together we will win,” he said after being sworn in on Tuesday. At the ceremony…

Read More

The Chief Executive Officer of Binance, Richard Teng, has described the detention of its employee, Tigran Gambaryan, by the Nigerian government as ‘unjust’ and that it was a “dangerous precedent” for international businesses. Teng also said that despite Binance’s repeated efforts at constructive engagement and cooperation with Nigerian authorities, Gambaryan remains in detention for ‘spurious’ reasons. Binance CEO, in a statement to Punch on Tuesday, said, “To invite a company’s mid-level employees for collaborative policy meetings, only to detain them, has set a dangerous new precedent for all companies worldwide.”…

Read More

By NewsBits A member of the House of Representatives from Borno State, Ahmed Jaha, has called on the Bola Tinubu administration to engage foreign machinery in tackling insecurity, claiming that the Nigerian security forces have failed. Jaha, who represents Chibok, Gwoza, Danbuwa made the call on Tuesday while reacting to a motion moved by Obinna Ginger. Speaking on insecurity, Jaha said the foreign mercenaries almost wiped out the Boko Haram insurgents during the Goodluck Jonathan administration. He stated that Buhari was wrongly counselled to expel the mercenaries in 2015, adding…

Read More

By NewsBits Ukrainian intelligence agents say they have foiled a Russian plot to assassinate Volodymyr Zelensky. Ukraine’s SBU State Security Service said it had caught Russian agents within the Ukrainian state guard service plotting the kidnap and assassination of the president and other senior governmental officials. The Head of the SBU, Vasyl Malyuk said the failed assassination was supposed to be a “gift” to Vladimir Putin ahead of his inauguration on Tuesday. The force said they arrested the two suspected “moles” who they believe had been recruited by Russia before…

Read More