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Breaking: Tinubu Dissolves Boards of Parastatals, FG Agencies etc.

19Jun

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Elections, News, Nigeria, Press Statement

Breaking: Tinubu Dissolves Boards of Parastatals, FG Agencies etc.

President Bola Tinubu has made a significant decision by approving the immediate dissolution of the Governing Boards of all Federal Government parastatals, agencies, institutions, and government-owned companies. This move aims to bring about a restructuring and fresh approach in the governance of these entities. The announcement came through a statement released on Monday by the Director of Information in the Office of the Secretary to the Government of the Federation, Willie Bassey. He clarified that the directive excludes boards, commissions, and councils listed in the third schedule, part one section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria. The exclusion means that agencies such as the Nigeria Judicial Council, Code of Conduct Bureau, Council of State,...

Breaking: Service Chiefs, Advisers, Others Retired; New Ones Appointed

19Jun

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Armed Forces, News, Nigeria, Security

Breaking: Service Chiefs, Advisers, Others Retired; New Ones Appointed

In a major shake-up of the nation's security apparatus, President Bola Ahmed Tinubu, GCFR, has announced the immediate retirement of all Service Chiefs, the Inspector-General of Police, Advisers, and the Comptroller General of Customs. The President wasted no time in appointing their replacements, with the newly appointed officers set to assume their roles with immediate effect. The list of the newly appointed officers was released today by the Secretary to the Government of the Federation, Willie Bassey. Among the key appointments are Mallam Nuhu Ribadu as the National Security Adviser, Maj. Gen. C.G Musa as the Chief of Defence Staff, Maj. Gen. T. A Lagbaja as the Chief of Army Staff, Rear Admiral E. A Ogalla as the Chief of Naval Staff, AVM H.B Abubakar as the Chief of Air Staff, an...

Bulkachuwa Denies Influencing Wife’s Judicial Decisions

18Jun

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Elections, Judiciary, Legislature, News, Nigeria

Bulkachuwa Denies Influencing Wife’s Judicial Decisions

Former Senator Adamu Bulkachuwa, who represented Bauchi North during the 9th Assembly, has refuted claims that he had influenced the decisions of his wife, Justice Zainab Bulkachuwa, the former President of the Court of Appeal. He specifically addressed the incident during the valedictory session in the Senate, where he alleged that he used his position to seek favors for his colleagues from his wife but was interrupted by the former Senate President, Ahmed Lawan. In an interview with the BBC Hausa Service on Sunday, Senator Bulkachuwa clarified that his words were misrepresented and that he was not given the opportunity to fully express his thoughts. He explained that he had only just begun his remarks during the valedictory session when he was cut off. He had intended to thank his wi...

16Jun

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Elections, Legislature, News, Nigeria

Why I Lost the Senate Presidency – Yari

In a surprising turn of events, former Zamfara State governor, Senator Abdulaziz Yari, has come forward to accuse fellow senators of betraying him in the race for the Senate Presidency seat. The All Progressives Congress (APC), Yari's political party, had initially chosen Godswill Akpabio from Akwa Ibom as their preferred candidate for the prestigious position. During the inauguration of the 10th National Assembly on Tuesday, Godswill Akpabio emerged victorious and was sworn in as the Senate President. Akpabio secured an impressive 63 votes, while Yari, unfortunately, fell short with only 46 votes. Expressing his disappointment, Yari revealed that he had high hopes of securing at least 61 out of the total 109 votes, which would have secured his victory as the Senate President. The f...

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

14Jun

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Law Enforcement, News, Nigeria

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

In a recent development following the suspension of Mr. Abdulrasheed Bawa, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by the Federal Government on Tuesday, June 14, 2023, Mr. Abdulkarim Chukkol has been appointed as the Acting Chairman of the Commission. Prior to assuming this new role, Mr. Chukkol served as the Director of Operations at the EFCC. With an impressive background, he is a pioneer staff of the Commission and a distinguished member of the EFCC Cadet Course One. Known for his expertise in cybercrime and money laundering investigations, Mr. Chukkol brings a wealth of experience to his new position. Throughout his career at the EFCC, Mr. Chukkol has held significant command appointments within the organization. From 2011 to 2016, he served...

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

14Jun

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Breaking News, Corruption, Economy, Justice, Law Enforcement, News, Nigeria

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

President Bola Ahmed Tinubu has taken the decision to indefinitely suspend AbdulRasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), from his position. The suspension comes as a result of serious allegations of abuse of office that have been leveled against Bawa. The President has deemed it necessary to initiate a thorough investigation into the conduct of the Chairman during his tenure. In an official statement released on Wednesday by Willie Bassey, the Director of Information at the Office of the Secretary to the Government of the Federation, the decision to suspend Bawa was announced. The statement clarified that the suspension was implemented to allow for an unbiased investigation into the allegations brought against him. As part of the suspension ...

CBN Grants Banks Authority to Trade Foreign Exchange Freely

14Jun

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Economy, Finance, News, Nigeria, Trade

CBN Grants Banks Authority to Trade Foreign Exchange Freely

In a significant development, the Central Bank of Nigeria (CBN) has issued authorization to commercial banks, allowing them to engage in the unrestricted trading of foreign exchange at market-determined rates. This move effectively empowers banks to sell forex based on prevailing market rates, marking a departure from the previous tightly controlled exchange rate system. Notably, some banks have already set the USD to Naira rate within the range of N699 to N750, indicating that Nigeria is transitioning towards a freely floating exchange rate regime, aligning with President Bola Ahmed Tinubu's commitment to unifying the country's exchange rates. In response to this development, Dr. Andrew Nevin, the Advisory Partner & Chief Economist of PricewaterhouseCoopers (PwC), shared his in...

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

9Jun

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Breaking News, Corruption, Economy, Justice, News, Nigeria

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This decision was made in light of the ongoing investigation of his office and the planned reforms in the financial sector of the economy. The suspension of the Central Bank Governor has caused widespread concern and criticism. The President does not have the power to suspend the Central Bank Governor. The power to remove the CBN Governor is vested in the President and the Senate jointly, as stated in Section 11(2) of the Central Bank of Nigeria Act, 2007. Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), Mr. Folashodun Adebisi Shonubi, who will act as the Central Bank Governor...

El-Rufai Warned Against Inciting Religious Conflict with His Words

5Jun

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News, Nigeria, Religion

El-Rufai Warned Against Inciting Religious Conflict with His Words

Samuel Kwamkur, a prominent figure within the All Progressives Congress (APC) in Plateau state, issued a stern warning to Nasir El-Rufai, the former Governor of Kaduna State, cautioning him against making inflammatory remarks that could ignite conflict in Nigeria. Kwamkur, a former National Director of the Christian Association of Nigeria (CAN), expressed his concerns during a press conference held in Jos on Sunday. He was responding to alleged statements made by El-Rufai before his departure from office, wherein the former governor purportedly claimed that the Islamic dominance in Kaduna had been successfully extended to the entire country and would persist. According to Kwamkur, El-Rufai allegedly acknowledged deceiving Christians who questioned the Muslim/Muslim ticket during ele...

Nigerian Electricity Workers to Go on Nationwide Strike Over Fuel Subsidy Removal

4Jun

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Economy, Labour, News, Nigeria, Petroleum, Power

Nigerian Electricity Workers to Go on Nationwide Strike Over Fuel Subsidy Removal

In response to the sudden elimination of fuel subsidy by the Nigerian government, the National Union of Electricity Employees (NUEE) has instructed its members to go on a nationwide strike. The NUEE has called upon its members to comply with the directive and halt their work starting from early Wednesday morning. The decision comes after President Bola Tinubu declared the discontinuation of the petroleum subsidy regime, citing its lack of sustainability. Following this announcement, the Nigerian National Petroleum Company Limited (NNPCL) directed its outlets across the country to sell fuel at prices ranging from N480 to N570 per litre, a nearly 200 percent increase from the previous price below N200. In reaction to these developments, the Nigeria Labour Congress (NLC) has declared i...