Month: August 2022

Fidelity Bank to acquire Union Bank UK

Emporium Reporters

Fidelity Bank Plc says it has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.   The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary.   Fidelity Bank said the Central Bank of Nigeria (CBN) had issued “No Objection” letter for the deal.   It also added that the transaction is still subject to the approval of the Prudential Regulatory Authority (PRA) of the United Kingdom.   While speaking on the…

Man rapes friend’s wife while husband was sound asleep on same bed

Emporium Reporters

A 39-year-old man has been arrested by the police for allegedly raping his friend’s wife on her matrimonial bed at Surulere area of Lagos.   The incident happened on August 22, 2022 at about 2:00 a.m.   The suspect allegedly burgled into the apartment of the victim and unlawfully had sexual intercourse with her.   The victim told NAN that she was sleeping with her husband on the same bed in their apartment when she felt she was being made love to.   “I was sleeping with my husband on…

JUST IN: Appeal Court nullifies N20b damages against DSS on Igboho

Emporium Reporters

The Ibadan Division of the Court of Appeal on Tuesday set aside the judgment which declared the attack on the house of Yoruba nation agitator Chief Sunday Adeyemo aka Sunday Igboho illegal.   The court also nullified the N20 billion exemplary and aggravated damages awarded against the Department of State Security (DSS) for the attack, describing it as outrageous.   Justice Muslim Hassan, in his judgment, held that the Oyo State High Court lacked jurisdiction on the matter, adding that the judge should not have awarded damages based on his…

Buhari signs civil Aviation, Advertising Council, 6 other bills

Emporium Reporters

President Muhammadu Buhari has assented to eight bills recently passed by the National Assembly.   The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Nasir Baballe Ila, disclosed this in a statement issued in Abuja on Monday.   The bills are the Civil Aviation Act 2022, the Nigeria Meteorological Agency (Establishment) Act 2022, the Pharmacy Council of Nigeria (Establishment) Act 2022, the Nigerian Council for Management Development Act 2022, the National Institute of Credit Administration (Establishment) Act 2022, the Chartered Institute of Social Work Practitioners…

FG to borrow N11.3trn to fund N19.76trn 2023 budget

Emporium Reporters

The Federal Government is planning to borrow N11.3 trillion to fund the N19.76 trillion proposed 2023 budget.   The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, disclosed this while presenting the 2023 to 2025 Medium Term Expenditure Framework (MTEF) and Fiscal Policy Paper (FSP) to the House of Representatives’ Committee on Finance chaired by Honourable Abiodun Faleke.   According to her, the fiscal parameters for the year showed that oil production volume was pegged at 1.69mbpd, oil benchmark – $70 per barrel, exchange rate – N435.57/$; N8.501…

2023: Middle Belt Leaders, Delegates endorse Peter Obi

Emporium Reporters

Leaders of Middle Belt Communities and delegates from the Southern and Middle Belt Alliance, have endorsed the Presidential ambition of Peter Obi of Labour Party ahead of 2023 Presidential Elections.   Other groups that also endorsed the former Governor of Anambra state in a communique read by Rev. Aminchu Adamu, at the “Middle Belt Save Nigeria Conference” held in Jos, Plateau State on Saturday, August 27, 2022, were Trade Unions, Market Leaders, Student, Religious and Youth leaders in the middle belt region of Nigeria.   Opening the endorsement of Peter…

Why Peter Obi Won’t Be The Next President Of Nigeria By Dr. Sunday Adelaja.

Emporium Reporters

So many people ask me if I’m Obidient or not. I had tried to shy away from the answer so I don’t offend the feelings of those who are truly sold out to the ideas of Peter Obi to be the next Nigerian President. Unfortunately I have a different opinion on this matter. I’m sorry to disappoint you guys, but the truth is I have a good track record when it comes to taking a political position either in Nigeria or on the world stage at large. I almost never…

NiDCOM Boss applauds Diasporas contributions to Nigerian economy …… as diaspora remittances increases

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Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM) has commended Nigerians in the Diaspora on the rise of remittances in the first quarter of the year, by 20.3 per cent, representing the seventh consecutive quarterly increase in diaspora remittances since last quarter in 2020.   In a statement by the Commission’s Head of Media and Public Relations, Abdur-Rahman Balogun, Dabiri-Erewa said that increase in remittances by Nigerians abroad which has played a significant role in the country’s Gross Domestic Product (GDP), has a great impact on socio-economic growth of the country…

ASUU: Beyond Trade Unionism Dynamics; Bufalo Soldier Approach By Associate Prof Anthony Danladi Ali

Emporium Reporters

Before the Buffalo soldier strike, before the Academic Staff Union of Universities (ASUU) is annihilated, set aside other conditions for calling off strike, insists only on reasonable pay as an interim measure. Then, when the hurly burly is done, or else if the assailant adopt a separatist tactic the opposing combatant might be overwhelmingly flabbergasted by conquest. After all, Lecturers rubbish themselves by backing Muhammadu Buhari for President in 2015 and 2019. Tuesday August 2, 2022, 4.55 am in dream I walk towards male students hostel in a University. Two…

Fayemi approves Ekiti Diaspora Livestock production project

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The final nod for a proposed livestock production farming by a group of Ekiti indigenes in the Diaspora under the aegis of Ekiti Diaspora Forum (EDF) has been given by the state Governor, Dr. Kayode Fayemi with his approval of a 250 hectares of land (for a start) in Irele Ekiti for the purpose.   In a press release issued by the former Senior Special Assistant (Diaspora Affairs) to Ekiti State Governor, Femi Odere, the statement said that the final approval for this livestock farming, whose first phase will be…