Day: October 20, 2022

BREAKING: Buhari appoints Audu-Ohwavborua as NDDC Acting MD,hours after sacking Awka

Emporium Reporters

President Muhammadu Buhari has approved the appointment of Engr Emmanuel Audu-Ohwavborua, as Acting Managing Director of the Niger Delta Development Commission (NDDC).   The appointment was contained in a press statement issued by the Director of Press, Ministry of Niger Delta Affairs, Patricia Deworitse, on Thursday, October 20, 2022.   His appointment followed the sack of Effiong Akwa, the Interim Administrator of the NDDC.     She said this arrangement will subsist pending the appointment of a substantive Managing Director and members of the NDDC Governing Board.   According to…

Ekiti Assembly Speaker’s death shocking, devastating – Oyetola

Emporium Reporters

Governor Adegboyega Oyetola of Osun has described the death of the Ekiti State House of Assembly Speaker, Rt. Honourable Funminiyi Afuye, as shocking and devastating.   Oyetola urged both the immediate past governor of the State, Dr. Kayode Fayemi , with whom the deceased worked closely with and the incumbent governor, Biodun Oyebanji, who was also looking forward to working with the late Speaker, to take heart and be consoled by the fact that the late Afuye demonstrated that he was indeed a loyal, dedicated and committed progressive politician while…

JUST IN: CBN sells Polaris bank for N50bn after rescuing it with N1.2trn

Emporium Reporters

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100percent of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).   The deal secured the approval of the House of Representatives, who, on Wednesday, October 19, 2022, sanctioned the sale of Polaris Bank and affirmed that the acquisition followed laid down procedures and got the relevant presidential approval.   A statement issued by the Director, Corporate Communications Department…

A Professor’s pay-slip and lessons from ASUU strike, by Azu Ishiekwene

Emporium Reporters

After eight months’ strike, one of the longest in the country’s history, university teachers finally returned, at gunpoint, to the classrooms on Monday. It was the 16th time university teachers would be striking in 23 years. Frustrated parents and distraught students just couldn’t wait to hear that the strike had been suspended and schools reopened.   It does appear, however, that if all we’re interested in is to tick the box, it won’t be long before we’re back to square one.   There is a clear and present danger that…

UCHE EKWUNIFE, KINDERGARTEN PRESIDENT AND MOBOCRACY By Law Mefor

Emporium Reporters

There is a disturbing executive rascality and mob mentality brewing in the buildup to the 2023 Presidential election. The recent occurrences by some state and non-state actors typify the unfortunate trend – Zamfara, Ebonyi, Lagos and Akwa Ibom cases are ready examples. Governor Matawale of Zamfara shut down media houses for covering the PDP rally. Labour Party’s senatorial candidate in Ebonyi state Linus Abah Okorie was arrested by the Police and charged to court for allegedly insulting almighty Governor Dave Umahi. The Police just tear-gassed the youths who gathered to…

Broadband: Pantami woos State Governors, Obaseki shares experience

Emporium Reporters

The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, today, in Abuja, told a gathering designed for State Governors that the potentials of broadband were so enormous that if made available for citizens, will be the best gift for their economic emancipation.   Pantami told the state governors and their representatives including other industry stakeholders at the maiden edition of Broadband Technical Awareness Forum for Governors (BTAF), organised by the Nigerian Communications Commission (NCC), where Governor of Edo State,Godwin Obaseki, gave an impressive report card about what…

BREAKING: Buhari sacks NDDC Sole Administrator

Emporium Reporters

President Muhammadu Buhari has approved the disengagement of the Interim Administrator of the Niger Delta Development Commission (NDDC), Effiong Okon Akwa.   This was contained in a letter signed by the Director of press, Ministry of Niger Delta Affairs, Patricia Deworitshe, dated Thursday, October 20, 2022.   According to her, the President has also approved the constitution of a new Management Team and Governing Board of the NDDC in line with section 5(2) of the NDDC Act, 2000.   Akwa was appointed interim administrator of the Commission for the duration…

Full text: Liz Truss resignation speech

Emporium Reporters

I came into office at a time of great economic and international instability.   Families and businesses were worried about how to pay their bills.   Putin’s illegal war in Ukraine threatens the security of our whole continent.   And our country had been held back for too long by low economic growth.   I was elected by the Conservative Party with a mandate to change this.   We delivered on energy bills and on cutting national insurance.   And we set out a vision for a low tax, high…

BREAKING: British Prime Minister, Liz Truss resigns

Emporium Reporters

Liz Truss has announced she is resigning as prime minister after just six weeks in the role.   There will be a leadership election within a week, Ms Truss said.   It comes after the chair of the 1922 Committee, Sir Graham Brady entered No 10 for a crisis meeting with the prime minister, followed by party chair Jake Berry.   Ms Truss’ brief stint as leader involved a mini-Budget that spooked the market, the sacking of her close ally and chancellor Kwasi Kwarteng, the resignation of home secretary Suella…