archive2020

  The claims that Economic and Financial Crimes Commission (EFCC) investigators pressured former bankers, standing trial for allegedly defrauding the Central Bank of Nigeria in the mutilated currency scam, for a bribe of N96 million for their release on bail, is untrue. Three former bankers, Ayodele Adeyemi, Ishaq Akano and ...

The Senate on Tuesday considered a bill seeking to improve credit repayment culture, reduce non-performing loans in the banking sector, streamline loan recovery watch-list consistent loan defaulters with the view to track and blacklist them. The bill which scaled second reading was referred by the Deputy Senate President, Ovie Omo-Agege,...

The Makurdi Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Tuesday, December 8, 2020, arraigned one Patience Simon Robert before Justice Simon O. Aboki of the Nasarawa State High Court, Lafia for alleged impersonation and obtaining money by false pretences. Robert ran into trouble following a petition...

  wants six months extension   The House of Representatives has directed the National Insurance Commission (NAICOM) to suspend the December 31, 2020 deadline given to Insurance and Reinsurance companies in Nigeria to recapitalize. The directive by NAICOM is to increase the companies’ minimum paid-up capital for six months beginning...

  The National Population Commission (NPC) has said that Nigeria’s population is now estimated at 206 million. The Chairman of the NPC, Nasir Kwarra, said this at a press conference on the commencement of the next Enumeration Area Demarcation in Abuja on Tuesday. This comes exactly two years after the...

Only one passenger turned up and made the historic trip from Ibadan to Lagos on Monday as the Lagos-Ibadan standard gauge train started operation. The newly introduced service, according to the Nigeria Railway Corporation (NRC), provides fully air-conditioned train services in the Economy, Business and First Class categories. The corporation...

  The Ibadan Electricity Distribution Company (IBEDC) has revealed that it lost more than N1.8 billion monthly to capping of estimated billing, describing it as a disservice to the energy industry. The acting Managing Director of the company, Mr John Ayodele, stated this in an interview with the News Agency...

Nigeria government on Tuesday denied allegations of engaging in systematic and egregious religious freedom violations by the United States. “Nigeria does not engage in religious freedom violation, neither does it have a policy of religious persecution,” Nigeria’s information minister Lai Mohammed said in a statement. Mohammed argued that Nigeria jealously...

approves expulsion of Hilliard Etta from party   The National Executive Committee (NEC) of the All Progressives Congress (APC) has extended the tenure of the Caretaker and Extraordinary Convention Planning Committee (CECPC) for another six months. This was part of the five resolutions unanimously reached at the NEC meeting of...

Former Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba has officially assumed duty as the chairman of the regulatory agency. During the event which was witnessed by other commissioners of the agency, Garba sought the cooperation of the entire NERC team in order to succeed in...