The Supreme Court on Wednesday adjourned judgement in the new naira policy suit to March 3, 2023. A nine-member panel led by Justice John Okoro announced the date after taking final arguments from lawyers to parties in the cases. Details later…
A Federal High Court sitting in Lagos State on Wednesday ordered the forfeiture of 14 properties in Lagos, Abuja and the United Arab Emirates linked to the Kogi State government. Justice Nicholas Oweibo granted the interim order following an ex parte motion filed by the Economic and Financial Crimes Commission. EFCC counsel, Mr Rotimi Oyedepo, SAN, who argued the ex parte motion, told the court that the properties, including the one in the world’s tallest building, Burj Khalifa, in Dubai, UAE, were reasonably suspected to have been derived…
By Godwin Ebiboute Leloh The Central Bank of Nigeria has ordered banks to start accepting the old N500 and N1,000 notes from the public with immediate effect. The apex bank pegged the maximum amount the banks can receive at N500,000. The CBN maintained that the old currencies were still no more legal tender. A source from the bank said the CBN directed the banks to collect the monies instead of going to the CBN office following difficulties encountered in getting access to the bank. The official said, “Go to your…
By Ehinomen Azeigbe Fighting erupted in some areas on the popular Lagos-Ikorodu expressway in Lagos State over the scarcity of the new naira notes and the hardship the policy has thrown Nigerians. PUNCH reports that some suspected touts in Mile 12, Ketu and Ojota areas on the expressway, took to the road attacking commuters and creating chaos. A driver, attached to one of the cab-hailing firms operating in the state who does not want his name in print over fears of harassment, said he had to…
The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10, 2023. The CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday, January 29, 2023. This come after Nigerians have called for an extension of the deadline, sighting scarcity of the new notes in circulation. The CBN governor had earlier insisted that there won’t be any extension to the policy, saying kidnapping and ransom-taking have reduced since the three banknotes were redesigned. He…
The Osun State Governorship Election Petition Tribunal sitting in Osogbo on Friday, January 27, 2023, has sacked Governor Ademola Adeleke as the duly elected governor of the state. The tribunal in a split document of two to one declared that the Independent National Electoral Commission, INEC, should withdraw the Certificate of Return issued to Adeleke and issue the same to former Governor Adegboyega Oyetola. The majority judgement which was read by the Chairman, Justice Tertse Kume said Oyetola scored the majority lawful votes of 314,931 against Adeleke’s 219,666…
Niger State Governor, Abubakar Sani Bello has directed the total lifting of the curfew on Lambata community in Gurara Local Government Area of the State earlier imposed on the 15th January, 2023 from 6:00pm to 6:00am as a result of a violent clash that led to the killing of the Village Head of Lambata, Alhaji Muhammed Abdulsafur. A statement issued by the Secretary to the State Government (SSG), Ahmed Ibrahim Matane explained that the lifting of the curfew begin from today Thursday 26th January, 2023. The SSG revealed that the…
President Muhammadu Buhari has signed the N21.83 trillion 2023 Appropriation Bill into law. Buhari signed the bill at the Council Chambers of the State House in Abuja, on Tuesday, December 6, 2022. This development comes six days after the National Assembly passed the bill, which represents an increase of N1.32 trillion from the N20.51 trillion budget proposal of Buhari. A breakdown of the budget indicates an allocation of N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure, and N5.9…
In 2013, Pope Benedict XVI was the first to resign in almost 600 years. Pope Emeritus Benedict XVI has died at the age of 95, the Vatican announced on Saturday. It said that the 95-year-old Pope Emeritus Benedict XVI passed away on Saturday at 9:34 AM in his residence at the Vatican’s Mater Ecclesiae Monastery. The Pope Emeritus has been down with sickness.
President Muhammadu Buhari has reappointed Prof. Mojisola Adeyeye as the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC). The agency disclosed this via its official Twitter handle @NafdacAgency on Friday. It wrote “Prof. Mojisola Christianah Adeyeye has been reappointed as the @DGatNAFDAC for the second and final tenure of five years. She stopped by briefly at the corporate headquarters in Abuja to meet with some Directors.” Prof. Adeyeye was first appointed as Director-General in November 2017.