Author: Amina Mohammed

The Nigeria Deposit Insurance Corporation (NDIC) announced plans to pay 2.3 million depositors of Heritage Bank approximately N650 billion starting this week. This move follows the recent withdrawal of Heritage Bank’s operating licence. NDIC Managing Director Mr. Bello Hassan made this announcement during a briefing in Abuja. He explained that the majority of Heritage Bank’s depositors, 99.9 per cent, have less than N5 million in their accounts. This means the NDIC expects to process these insured deposits swiftly. There are about 4,000 depositors with more than N5 million in their accounts. Before losing its license, Heritage Bank had issued over…

The Federal Government and Organised Labour on Wednesday adjourned the minimum wage talks till Thursday (today) when the negotiation is expected to continue. The Tripartite Committee on National Minimum Wage postponed the session in anticipation of the Minister of Finance, Wale Edun, submitting the salary template to President Bola Tinubu today. Tinubu had on Tuesday directed the finance minister to present the cost implications for a new minimum wage within two days. The President gave the order at a meeting with the government negotiation team led by the Secretary to the Government of the Federation, George Akume, at the presidential…

Gunmen have killed five persons in Kimakpa village of Kwall district in Bassa local government of Plateau state. The killing, according to national publicity secretary Irigwe Development Association ((IDA) Sam Jugo, took place on Monday 2nd June 2024 around 12 am. Jugo said: “We woke up this morning to another sad one. In the middle of the night of 2nd June, 2024 criminal invaders attacked and killed 5 of our residents in cold blood at Kimakpa. “The criminal elements who came in their numbers with heavy weaponry killed a pastor of Assemblies of God church Kwall Pastor Dauda Dalyop. ”Also…

Nigeria Senate in rowdy session over bill to ban cattle grazing and ranching business on Wednesday. Tensions ran high as the bill to ban open grazing successfully passed its second reading in the Nigerian Senate on Wednesday. The legislative session was marked by heated debates and strong emotions, reflecting the contentious nature of the proposed law. If enacted, this bill will finally prohibit open grazing nationwide, aiming to resolve longstanding conflicts between herders and farmers. The bill, sponsored by Senator Titus Zam, representing Benue North West,  outlines specific regulations for the establishment and management of ranches, promoting best practices and…

The renowned senior pastor and general overseer of Omega Fire Ministries, Apostle Johnson Suleman, is celebrating 20 years of marriage to his wife, Lizzy. In a heartwarming tribute posted on social media, Apostle Suleman expressed his deepest gratitude to his wife for her unwavering support, friendship, and peace. He wrote on Instagram: “Happy anniversary to 26 years of friendship and 20 years of marital glory. Thanks, Lizzy for being a blessing and a gift to me. Thanks for the peace you give. Thank you, Lord, for life, health and blessings…It’s my 20th marriage anniversary. Say a prayer for us…” The…

Kaduna State House of Assembly has recommended that the immediate-past governor of the state, Nasir el-Rufai, be prosecuted for alleged abuse of office and money laundering in his administration. This was following the investigation of the ad-hoc committee set up by the House, led by Henry Zacharia. According to the report submitted by Zacharia on Wednesday, most of the loans obtained under el-Rufai’s administration were not used for their intended purpose, and in some cases, due process was not followed in securing the loans. The committee, therefore, recommended the investigation and prosecution of the ex-governor and some other indicted members…

The Nigerian Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank it was already in the process of paying them. The Managing Director of NDIC, Bello Hassan,  stated this at a briefing where he outlined the processes of repayment, insisting that the corporation will not take 30 days as stipulated by law but will settle customers within one week. The Nation reported that the Central Bank of Nigeria (CBN) on Monday, June 4, revoked the banking licence of Heritage Bank. According to the CBN, the decision was due to the bank’s inability to improve its financial performance. “The Board…

At least 30 state governments spent N986.64bn on recurrent expenditures, including refreshments, sitting allowances, travelling, utilities, among others between January and March 2024. This was contained in a budget assessment done by Open Nigerian States, a website supported by BudgIT that acts as a repository for public budget data, were analysed. A breakdown showed that the 30-state government spent N5.1bn on refreshments for guests, N4.67bn on sitting allowances to government officials, N34.63bn on local and foreign travel expenses, and N5.64bn on utility bills, amounting to N50.02bn in the first three months of 2024. The general utilities include electricity, internet, telephone…

Liverpool FC has submitted its Premier League retained list following the end of the 2023-24 season, with confirmation of the departure of several senior and Academy players. As announced last month, “Joel Matip and Thiago Alcantara are set to leave the Reds upon the expiry of their contracts this summer, following eight and four years respectively with the club,” a Wednesday statement obtained from the club website read. The club hailed Matip and Thiago’s contribution to the club’s success during their spell. “Centre-back Matip surpassed 200 appearances during his time on Merseyside, scoring 11 goals and claiming seven honours –…

The Nigeria Customs Service, Western Marine Command on Tuesday, handed over 17 sacks of Cannabis Sativa, containing 1, 257 parcels worth N96m, intercepted along Bar Beach in Lagos State, to the National Drug Law Enforcement Agency. Speaking during the handover at the command  in Apapa, Lagos, the Customs Area Controller of the command, Paul Bamisaiye, said that the officers of the command, in a bid to purge the Western waterways of smuggling activities, intercepted the hard drugs weighing 609kg. He stated that a patrol team at the Bar Beach station received credible intelligence on the movement of a boat on…