archiveJuly 2020

The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. Also, the All-Share Index (ASI) dipped 105.76 points or 0.44...

The United Nations in its latest State of Food Security and Nutrition in the World report says more people are going hungry. Released on Monday, the report estimates that no fewer than 687.8 million people suffered hunger in 2019, up by 10 million from 2018, and by nearly 60 million...

By Kayode Oladeji NB: On Monday, 22nd June, 2020, I wrote this piece. Shortly after, the bubble burst, especially with the mind-boggling revelations coming out since the arrest of Magu. I had planned uploading another article for the week but a friend strongly advised I repeat this. So do forgive...

The Economic and Financial Crimes Commission (EFCC) Lagos Zonal Office has presented the first prosecution witness (PW1), Nuru Buhari, in the trial of the duo of Kayode Phillips and Hamza Koudeih, both of whom are alleged accomplices of Ismaila Mustapha, popularly known as Mompha, before Justice Muslim.S. Hassan of the...

The Economic and Financial Crimes Commission (EFCC) on Monday continued trial in the fraud charge bought against an alleged internet fraud kingpin, Onwuzuruike Ikenna Kingsley. The matter is before Justice A. T Mohammed of the Federal High Court sitting in Port Harcourt, Rivers State, and the prosecution presented its first...

The Minister of Women Affairs, Mrs Pauline Tallen, said that 3,600 rape cases were reported nationwide during the lockdown associated with the Covid-19 pandemic. Tallen, who stated this while on a courtesy visit to the Deputy Senate President on Monday evening, revealed that during the Covid-19 induced lockdown, each state...

The People’s Democratic Party (PDP) has called on the Minister of the Niger Delta Development Commission (NDDC), Senator Godswill Akpabio to step down and allow investigation into alleged fraudulent practices at the Commission. In a statement on Monday by the spokesman for the PDP, Kola Ologbondiyan, the party premised its...

The Nigeria Centre for Disease Control (NCDC) says new evidence suggests that COVID-19 may be transmitted through the air (airborne). The Director General of the NCDC, Dr. Chikwe Ihekweazu, said this during the briefing of the COVID-19 Presidential Task Force on Monday, explaining that before now the virus was believed...

Governor of Ebonyi State, David Umahi on Monday indefinitely suspended the State AUditor General, Innocent Nweda with immediate effect. He also suspended the Auditor General for local government in the state, George Ukpai. Secretary to the State Government(SSG) Kenneth Ugbala announced this in a statement in Abakaliki, the state capital....

A Federal High Court in Ibadan on Monday sentenced one Ademola Lawal to a total of 12 years in jail for impersonating a personnel of the Department of State Services(DSS) and N1.85 million fraud. Delivering judgment, Justice Patricia Ajoku convicted and sentenced Lawal based on the evidence before her and...