Author: TheScrutinyNG

The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package worth over N50 billion was said to have been allocated as the payoff for the exercise. According to an insider, the retirement initiative is driven by the need to streamline operations and reduce staff numbers under the leadership of the apex bank’s Governor, Olayemi Cardoso. A circular released three weeks ago by the CBN noted that the application for Early Exit Package (EPP) was open to all cadres of staff and will close by Saturday,…

President Bola Tinubu, on Sunday, expressed the Federal Government’s recommit to ending the threat of HIV and free treatment for HIV, ensuring no one is left. President Tinubu, who gave the assurance at the 2024 World AIDS Day Celebration in Abuja, also commended the National Agency for the Control of AIDS (NACA). According to him, the current prevalence as well as vertical transmission of HIV from mothers to children is an indication of the substantial responsibility that lies ahead of Nigeria. President Tinubu said the Federal government remains committed to sustaining the gains made over the past two decades on…

After suspending the planned electronic levy deductions following the hues and cries that trailed it, the Federal Government has finally carved in and commenced the deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda, and others. The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levy of N50 on the recipient of any electronic receipt or transfer of N10,000 or above, and was earlier announced to take effect from September 9, Tribune Online reported. The introduction of the EMTL was,…

As the chairman of ECOWAS, President Bola Ahmed Tinubu has vowed to ensure stability in the West African sub-region, as well as the entire continent. Tinubu stated this during the closing ceremony of the African Military Games 2024 in Abuja, Mr Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice-President, said in a statement. Tinubu, represented by the Vice-President Kashim Shettima, also reiterated his administration’s determination to root out all forms of security threats and violent crimes in Nigeria. The President, who is the Chairman of ECOWAS Authority of Heads of State and…

*To Showcase Youth Empowerment, Investment Forum Basking in the euphoria of previous editions, the Drum Online looks set to once again facilitate the convergence of global cultural icons, enthusiasts, percussionists and business moguls to celebrate the vibrant beat of African-Canadian heritage as the 3rd edition of the prestigious Pan-Afrikan Drum Festival holds in Canada come July 2025. The 2025 edition promises to be an unforgettable experience as African and Canadian cultures, through the rhythms, colors, and sounds that embody the unity of both critical cultures, will be showcased. Enthusiasts of music, dance, and cultural expression can look forward to a…

Edo State governor, Monday Okpebholo, has accused his predecessor, Godwin Obaseki, some members of the Peoples Democratic Party (PDP) and editors of some leading newspapers of an alleged grand plan to orchestrate a media trial to discredit his victory in the September 21, governorship election and his administration. The governor who made the accusations in a statement by his chief press secretary, Fred Itua was reacting to the claim by former Aviation Minister, Osita Chidoka, that the Independent National Electoral Commission (INEC), manipulated the election in favour of the Edo Governor. According to him, “We are aware that former Governor…

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to disclose the names of the companies and contractors who collected over N167 billion from 31 ministries, departments, and agencies (MDAs) without executing any projects. SERAP is specifically asking President Tinubu to direct the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, and the Accountant-General of the Federation, Oluwatoyin Sakirat Madein, to identify the contractors and also recover the stolen funds. The civil society organisation is further seeking details of the projects for which the contractors received N167 billion, including the proposed locations, the number…

US President-elect Donald Trump on Sunday named Lebanese-American businessman, Massad Boulos, as his senior advisor on Arab and Middle Eastern affairs. “I am proud to announce that Massad Boulos will serve as Senior Advisor to the President on Arab and Middle Eastern affairs,” Trump posted on Truth Social of the appointment, which puts his daughter Tiffany’s father-in-law in a major White House position. Boulos was a key emissary for the Trump campaign, helping to mobilize Arab American and Muslim voters, many of whom were angry over President Joe Biden’s steadfast support for Israel in the Gaza war even as the…

President Bola Tinubu will leave France on Monday for Cape Town, South Africa, to co-chair the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) alongside President Cyril Ramaphosa. The presidential BNC, scheduled for Tuesday, December 3, will be preceded by a ministerial meeting on December 2, 2024, at the South African Parliament Building in Cape Town. Presidential spokesman, Bayo Onanuga, in a statement on Sunday said Tinubu and Ramaphosa would engage in substantive talks on a wide range of issues of mutual interest, including bilateral, regional and international matters. “Building on the commitments from their June 20, 2024, meeting…

The Abia State Government has disputed the claim by the Nigeria Labour Congress (NLC) that it is among the 14 states yet to implement the new N70,000 minimum wage. The NLC had threatened to begin a strike on Monday over the non-compliance of affected states with the implementation of the new minimum wage. At a joint press conference with the state leadership of the Organised Labour at the Government House in Umuahia on Sunday, Pastor Caleb Ajagba, Chief of Staff to the Governor, clarified that Abia State began implementing the new minimum wage in October. He expressed surprise at the…