archiveJune 2023

  Justice Okon Abang of the Federal High Court sitting in Warri, Delta State on Tuesday, June 13, 2023 convicted and sentenced one Otede Pio Meyeoghene to 10 years imprisonment without an option of fine. Meyeoghene was first arraigned in 2018 by the Benin Zonal Command of the EFCC and...

In preparation for the standard effectiveness of the International Sustainability Standards Board (ISSB), the ISSB, Financial Reporting Council of Nigeria (FRCN), and NGX Regulation Limited (NGX RegCo), recently organized five webinars to prepare companies for the imminent release of the ISSB’s first two IFRS Sustainability Disclosure Standards, better known as...

The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) and Internet Service Providers (ISP) in the country to comply with regulatory frameworks emplaced by the Commission towards ensuring security and safety of their networks for telecom consumers. The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the...

The new appointees include Mr. Nuhu Ribadu, Special Adviser, Security; Mr. Dele Alake, Special Adviser on Special Duties, Communications and Strategy; Mr. Yau Darazo, Special Adviser on Political and Intergovernmental Affairs; Mr. Wale Edun, Special Adviser on Monetary Policies. Others include Mr. Zachaeus Adedeji, Special Adviser, Revenue; Mr. John Ugochukwu...

Following Tuesday, June 14, 2023, suspension of Mr. Abdulrasheed Bawa, as Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by the Federal Government, Mr. Abdulkarim Chukkol has stepped in as Acting Chairman of the Commission. According to a press statement signed on Thursday by the Head, Media &...

A Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), Olisa Agbakoba, has urged President Bola Ahmed Tinubu to sack the chairman of the Independent National Electoral Commission (INEC), Mahmood Yakubu. The former NBA chief said Yakubu has to leave his role as the INEC...

The Nigeria Labour Congress (NLC) says it has proposed a wage award to the Federal Government to cushion the effects of petrol subsidy removal on workers and Nigerians. Mr Joe Ajaero, NLC President said this on Wednesday at the ongoing 111th Session of the International Labour Conference (ILC), in Geneva,...

Suspended Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Abdulrasheed Bawa on Thursday arrived at the headquarters of Department of State Services (DSS) for questioning. This was sequel to an invitation extended to him by the DSS. Bawa’s invitation was disclosed in a statement posted on the agency’s...

President Bola Tinubu, on Thursday morning, inaugurated the National Economic Council (NEC) at the Council Chamber of the State House Abuja. The inauguration comes a week after Tinubu directed council members to concretise intervention plans to mitigate the effects of the petroleum subsidy. Tinubu, who inaugurated the NEC at 11:25...

The Central Bank of Nigeria (CBN) has announced the unification of all segments of the Nigerian forex market. The apex bank, in a statement Wednesday, announced the collapse of all windows into the Investors & Exporters (I&E) window. This move is part of the Nigerian government’s efforts to improve liquidity...