Author: Samuel Akpenpuun

The Federal Government has launched $500 million domestic bond, about three weeks after hinting at the action. Unveiling the bond in Lagos on Monday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that the launch was a bold step towards economic transformation poised to attract both local and international investors. “This historic initiative is aimed at raising a minimum of $500 million from both local and international investors, marking a significant step in Nigeria’s ongoing economic reform and development efforts” he said. Edun stated further that the bond issuance, which is set to leverage the…

The Katsina Chief Judge, Justice Musa Danladi Abubakar, has told the state’s anti-corruption agency to be thorough in its work and assured of readiness to designate a special court to try corruption-related cases in the state. The court, according to him, will be fully equipped with an electronic evidence presentation system from arrest to interrogation and collection of evidence to achieve the desired objective. Abubakar disclosed this on Thursday when he received members of the newly established Katsina State Public Complaints and Anti-Corruption Commission on a familiarisation tour in his office at the Katsina High Court. “There’s corruption all over…

The senator representing Bauchi South Senatorial District, Shehu Buba, has faulted the emirate council’s withdrawal of his Mujaddadin Bauchi title. On Thursday, the council stripped Buba of his chieftaincy for allegedly insulting the state governor, Bala Mohammed. The lawmaker criticised the policies of Mohammed during the kick-off of the All Progressives Congress (APC) LG electioneering campaign in the state. Buba said the governor has worsened the poverty index in Bauchi, adding that there is a need to ensure the accountability of resources allocated to states. In a letter addressed to the Emir of Bauchi, expressed shock at the decision of…

Cross River State Governor Bassey Otu, has tasked the newly unveiled Local Government Service Commission with upholding their primary responsibility with unflinching dedication and working to advance the state. While speaking during the inauguration ceremony of the 7-member commission held in Calabar on Thursday, Governor Otu stressed on the critical role of local government in the broader agenda of his administration. He described the unveiling as not just a routine exercise, but an essential step in the strategic direction of his administration in line with the people’s First agenda. “This exercise is politically imperative, socio-economically expedient, and administratively wise,” he…

Manchester United will start their 2024/25 Premier League campaign with a home fixture against Fulham on Friday, while Manchester City will begin their title defense with a challenging trip to Chelsea on Sunday. New Liverpool manager Arne Slot will be under scrutiny as he leads his team to Ipswich for his first competitive match since taking over from Jurgen Klopp. Ipswich, newly promoted after a 22-year absence, will be eager to make a strong impression. Erik ten Hag Faces Crucial Start for Manchester United Erik ten Hag, who secured his position at Manchester United with a surprising FA Cup final…

Former Technical Adviser to an ex-Minister of Petroleum Resources, Daniel Kunle, says the $20bn Dangote Refinery can secure Nigeria’s petroleum supply for the next 10 years till the country transits to electrical vehicles. Kunle, during Channels Television’s Politics Today on Thursday, said “since independence in 1960, Dangote Refinery is the first mega industrial project that is puttng us on the status of economic sovereignty”. “The four government refineries combined, the four – the small one in Port Harcourt built in 1965, the bigger one built in 1988, and the Warri refinery built in 1978, Kaduna in 1980 – combined, will…

The United States on Thursday announced its approval of a $5 billion sale of up to 600 Patriot missiles and related equipment to Germany, which has donated several of the advanced air defence systems to Ukraine. The proposed sale of the PAC-3 MSE missiles “will support the foreign policy and national security of the United States by improving the security of a NATO ally that is an important force for political and economic stability in Europe,” the Defense Security Cooperation Agency (DSCA) said in a statement. It “will improve Germany’s capability to meet current and future threats and increase the…

The Federal High Court in Lagos has ordered the interim forfeiture of a cash sum of $2,045m linked to the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Justice Akintayo Aluko also ordered the interim forfeiture of seven landed properties linked to the suspended CBN Governor. The lands are listed as: “two fully detached duplexes of identical structures, lying being and situated at No. 17b Hakeem Odumosu Street, Lekki Phase 1, Lagos; an undeveloped/bare land, measuring 1919.592sqm with Survey Plan No. DS/LS/340 LYING, being and situate at Oyinkan Abayomi Drive (Formerly Queens Drive), Ikoyi, Lagos; a bungalow…

The Federal Government has intensified monitoring and screening procedures at all entry points in the country in response to the monkey pox (Mpox) outbreak. The Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, disclosed this in a statement on Thursday signed by his Special Adviser on Media & External Relations, Tashikalmah Hallah. The Africa Centre for Disease Control on Tuesday declared a public health emergency over the growing mpox outbreak on the continent. The outbreak has swept through several African countries, particularly the Democratic Republic of Congo. There is a serious and growing outbreak in the Democratic Republic…

The Labour Party Presidential Candidate in the 2023 poll, Peter Obi, has described as international embarrassment the seizure of three Presidential Jets by the French Court. Reacting to the incident Obi frowned at the secrecy involved in both buying and selling of Presidential jets, a property of Nigerian people. Writing on his X handle on Thursday, Obi said, “The trending international news on the seizure of three Jets belonging to Nigeria’s Presidential fleet is yet another of many embarrassing things exposing our failed leadership and our attitude to the rule of law even in a democracy. “It has also thrown…