Year: 2018

Illegal repatriation: MTN to refund $8.13bn as CBN fines 4 banks N5.87bn

Emporium Reporters

The Central Bank of Nigeria (CBN) has imposed a N5.87 billion fine on Standard Chartered Bank, Stanbic-IBTC, Citibank, and Diamond Bank over alleged illegal remittance of foreign exchange to offshore investors of MTN Nigeria Communications Limited. This is even as the CBN has directed MTN to refund 8.13 billion dollars which was illegally repatriated by the company with the aid of the four Nigerian banks. In a statement issued by the CBN on Wednesday, the nation’s apex bank accused the commercial banks of carrying out the transaction without regular ‘Certificates…

Former President Lauds Saraki’s Leadership of National Assembly

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Ex-President Goodluck Jonathan on Wednesday commended the President of the Senate, Dr. Abubakar Bukola Saraki, for the firm and progressive leadership he has provided for the National Assembly.   Jonathan who spoke when Saraki paid him a courtesy visit at his Maitama Office in Abuja, said the tremendous support being enjoyed by Saraki from lawmakers in both the Senate and the House of Representatives testifies to his leadership ability.   He thanked Saraki and members of his entourage for the visit, noting that most of the leaders that came to…

2019 : Buhari Assures UK Prime Minister of Credible Elections

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President Muhammadu Buhari on Wednesday in Abuja assured UK Prime Minister Theresa May of his commitment to conducting free, fair and credible elections in 2019. Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, in a statement, said Buhari gave the assurance during a bilateral meeting with the visiting Prime Minister at the Presidential Villa, Abuja. Buhari welcomed UK’s support toward strengthening democratic institutions in the country. ‘‘I assure you that I’m all out for free, fair and credible elections. “I’m very pleased that my party is doing…

SSG Applauds FOSCIN on Security Information Management in Niger State

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The Secretary to the Government of Niger State , Hon Ibrahim Isa Ladan has commended the existing synergy on security information management between the Niger state government and the security agencies in the state   Hon Ibrahim Isa Ladan who played host to the members of the Forum of Spokespersons of Critical Institutions in Niger State, FOSCIN in Minna,also reiterated the commitment of the state government for continued partnership with security agencies for a more peaceful, secured and prosperous Niger state.   The SSG said one of the top priorities…

UK repatriates £70m stolen by an unnamed Nigerian

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United Kingdom said it has repatriated £70 million stolen by an unnamed Nigerian citizen who was convicted in an Italian court. British High Commissioner to Nigeria, Mr Paul Arkwright, who revealed this to reporters in Abuja on Monday, however, declined to disclose the identity of the person involved in the offence. He said, “There was an Italian court case with a particular person involved. A portion of the fund has been in the UK and that was the portion that was returned recently from the UK to Nigeria. So, it’s…

EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

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President Muhammadu Buhari has rejected the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly, TheCable Petrobarometer understands. The proposed law, which was conceived to liberalise the governance structure of Nigeria’s oil industry, is one of the four bills in which the omnibous Petroleum Industry Bill (PIB) was broken into by the legislature after over a decade of motion without movement. TheCable Petrobarometer learnt that Buhari has sent back the bill to the national assembly on three grounds. One, Buhari said the bill, if signed into law,…

Declaration : FG Denies Kwankwaso Access to Eagle Square

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Just 24 hours to the highly publicized presidential declaration of Senator Rabiu Musa Kwankwaso due to hold at the Eagle Square on Wednesday, the 29th August, 2018, the Federal Capital Territory Administration (FCTA) has turned down the request earlier approved for the declaration   In a letter dated August 27th, 2018 and signed by Usman Mukhtar Raji for the Facility Manager and received on August 28th, 2018 barely 24 hours to the scheduled declaration, the Abuja International Conference and Eagle Square, managed by the Integrated Facility Management Services Ltd has…

McCain: He Was an Exemplary Lawmaker says Saraki

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President of the Senate, Dr. Abubakar Bukola Saraki, has saluted late United States Senator, John Sidney McCain as an exemplary legislator who epitomized a bipartisan approach to lawmaking.   In a statement signed by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, Saraki hailed McCain as a soldier, a patriot, a great parliamentarian and American statesman.   “As the world remembers U.S Senator, John McCain, as the soldier, the patriot, and the political maverick, I remember McCain as the legislator, whose bipartisan approach to getting things done, earned him…

G4 MEDIA Network International Honours Apostle Paul Adenuga, Others

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The General Overseer,Faith Revival Apostolic Church Lagos state, Apostle Paul Adenuga has been honoured by the G4 Media Network International with an Award of Excellence in Leadership Performances and End time Rescue Missionary for his untiring impact in soul winning to the God’s kingdom. While presenting the award to the recipient, the Chairman of the G4 Media outfits who led the delegation of other 23 media team, Hon.Emmanuel Stephen,noted that the award was in recognition of Apostle Paul’s quality leadership and achievements in spiritual outreach,soul winning and human capacity development…

My exit marks end of PDP in Lagos – Salvador

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The Lagos State Chairman of the People’s Democratic Party (PDP), Mr Moshood Salvador, has dumped the party for the All Progressives Congress(APC), saying that his exit marks the end of PDP in the state. Salvador announced his defection on Monday while addressing his supporters in Lagos. He said he took the decision because all his efforts to move the PDP in the state forward had been frustrated by some elements in the party. Salvador alleged that a former deputy national of the party, Chief Olabode George, had done everything possible…