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Saturday, 02 March 2024 04:41

Nigerian judiciary extensively corrupt - UN agency

United Nations Office on Drugs and Crimes (UNODC) says corruption is prevalent in the Nigerian judiciary. A representative of the UNODC, Melissa Omene, said this on Friday at a judicial accountability event in Abuja. The event was organised by Tapinitiative, a not-for-profit organisation Speaking on a 2019 survey conducted by the UNODC and the National Bureau of Statistics (NBS), Omene said the survey “found that 20 per cent of those who had contact with the Nigerian judiciary were confronted with a request for the payment of a bribe. “Indeed, corruption in the Nigerian judiciary is extensive and both male and…

Saturday, 02 March 2024 04:41

Hardship: Desperate mob loots truck loaded with Spaghetti In Kaduna

A BUA truck conveying cartons of spaghetti has been attacked by hoodlums at Dogarawa axis of Zaria-Kano expressway. Dogarawa is a settlement located on the outskirt of Zaria along the expressway. This is coming barely one week after desperate residents hijacked trailers loaded with foodstuffs in the Suleja area of Niger State, stealing bags of rice and other food items amidst widespread hardship in the country. The trailers were said to be heading for Abuja from Kaduna when the mob blocked the road and made burnfires on the highway. An eyewitness disclosed that the Friday incident occurred around 3.15pm after…

Friday, 01 March 2024 04:42

NDIC pays depositors of failed microfinance, mortgage banks

Nigeria Deposit Insurance Corporation (NDIC) says it has reimbursed depositors of 179 microfinance banks (MFBs) and four primary mortgage banks (PMBs) that were recently shut down. Bello Hassan, managing director (MD) and chief executive officer (CEO) of NDIC made this known at the ongoing 45th Kaduna International Trade Fair on Thursday. He said the corporation has significantly improved its processes to ensure swift payment of insured sums to depositors in case of bank failure. Hassan, who was represented at the occasion by Hauwa Jimeta, a senior official of the corporation, added that NDIC has continually strengthened its systems, processes, and…

Friday, 01 March 2024 04:41

West flirting with nuclear war ‘and therefore, the destruction of civilization. Don’t they understand this?’ - Putin

Western officials indulging in escalatory rhetoric should realize that they are effectively invoking the specter of an all-out nuclear war, Russian President Vladimir Putin warned in a speech to legislators in Moscow on Thursday. He also once again accused the West of instigating the Ukraine conflict. Putin addressed the topic in the opening minutes of his annual state-of-the-nation speech, a key event in which the president declares his plans and priorities in a televised address to both houses of the Federal Assembly of Russia, the national legislature. President Putin insisted that recent claims by Western officials, that Moscow is planning…

Thursday, 29 February 2024 04:45

MTN explains why calls weren’t going through yesterday

MTN Nigeria says multiple fibre cuts are responsible for the service outage experienced by its subscribers on Wednesday. Several users had complained about suffering network disruption. According to a post on its X page on Wednesday, MTN said the outage is affecting voice and data services. The telecommunications company also expressed regret at the downtime experienced by its customers. “You have been experiencing challenges connecting to the network due to a major service outage caused by multiple fibre cuts, affecting voice and data services,” MTN said. “Our engineers are working hard to resolve with services gradually being restored in some…

Thursday, 29 February 2024 04:44

Two top officials of cryptocurrency firm Binance arrested after arriving Nigeria

Two senior executives at Binance have been detained in Nigeria as the country cracks down on cryptocurrency exchanges, the Financial Times reported on Wednesday, citing people familiar with the matter. The executives flew to Nigeria following the country's decision to ban several cryptocurrency trading websites last week but they were detained by the office of the country's national security adviser and their passports seized, the report said. Binance did not immediately respond to a Reuters request for comment. The crackdown follows a period after several cryptocurrency websites emerged as platforms of choice for trading the Nigerian currency, which has suffered…

Wednesday, 28 February 2024 04:45

CBN hikes interest rate to record level in bid ‘to dig the country out of its present mess’

Nigeria’s central bank took a vital step toward restoring confidence in the battered naira by aggressively raising interest rates and pledging to dig the country out of its present “mess.” Announcing a much-bigger-than-expected 400 basis point rate increase to 22.75%, Governor Olayemi Cardoso said that the central bank was not responsible for the nation’s woes, but was working hard to put things right. “We are part of the solution,” he told a media briefing in Abuja, the capital, on Tuesday after the monetary policy committee held its first gathering since July. “We are determined to ensure that we work hard…

Wednesday, 28 February 2024 04:44

NLC suspends nationwide protest because ‘objectives of protest achieved on first day of the demonstration’

Nigeria Labour Congress (NLC) has suspended its two-day nationwide protest. The NLC had declared a two-day nationwide mass protest for February 27 and 28, over the economic hardship confronting millions of Nigerians since the removal of the petrol subsidy in May 2023. The NLC and Trade Union Congress of Nigeria (TUC), had on February 8, given a 14-day ultimatum to the federal government over the rising cost of living in the country. A late night meeting on Monday between the federal government and NLC was not enough to convince the latter to shelve the nationwide protests. On Tuesday morning, the…

Wednesday, 28 February 2024 04:41

Ex-Vice Chancellor delivers Hallmark University Maiden Convocation Lecture today

PRESS RELEASE Hallmark University, Ijebu-Itele, Ogun State will be holding its maiden convocation ceremony on the 29th of February, 2024 at the University main auditorium. According to the University Registrar, Afolabi Ajayi, "the former Vice-Chancellor of Olabisi Onabajo University, Ago-Iwoye, Professor Wale Olaitan, will be the special guest at the occasion." The Convocation Lecture holds 11am on Wednesday February 28, 2024. He stated further that: "Graduating students, their parents and guests must be seated by 9.30am at the University Auditorium and must remain seated until the end of the ceremony." Parts of the programmes marking the occasion include lectures, exhibitions,…

Tuesday, 27 February 2024 04:47

FEC constitutes committee to implement Orosanye panel report on restructuring of MDAs

Federal Executive Council (FEC) on Monday, gave its nod for the implementation of aspects of the 2012 Stephen Oromsaye Panel Report. Minister of Information and National Orientation, Mohammed Idris, disclosed this after the council meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja. He said the go-ahead was given to reduce the cost of governance.” The minister further said the implementation of the report means that some agencies, commissions and departments of government have been scrapped, merged, subsumed and others moved under new ministries. He explained: “President Bola Tinubu has taken a decision to implement the so…

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Tuesday, 27 February 2024 04:45

NLC nationwide protest to go ahead today despite last minute pressure from FG - Ajaero

The federal government has been unable to convince the Nigerian Labour Congress (NLC) to halt its planned nationwide protest. A government delegation led by George Akume, secretary to the government of the federation, met with the NLC and Trade Union Congress (TUC) and other labour leaders on Monday night. After the sit-down, Ajaero said the union would embark on a peaceful rally to express their grievances over the deteriorating economic crisis and high cost of living in the country. Speaking with journalists, Ajaero said it is the responsibility of both parties to ensure the protest is peaceful. He asked the…

Tuesday, 27 February 2024 04:44

Hardship: Customs suspends rice sale after pregnant woman, 6 others die in stampede

Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons at the NCS Old Zonal Headquarters in the Yaba area of Lagos State on Friday. Chief Superintendent of Customs and National Public Relations Officer for Comptroller General of Customs, Abdullahi Maiwada, disclosed the suspension of the exercise in a statement on Monday. Nigeria Customs had said it was selling seized food items at N10,000 per 25kg to alleviate the people’s suffering as a result of the current high cost of living and other economic hardships. On Friday, a pregnant…

Monday, 26 February 2024 04:45

Tinubu sets up economic advisory committee - Dangote, Soludo are members

President Bola Tinubu has set up an economic advisory committee comprising the federal government, state governments, and the private sector. The president announced the setting up of the committee after he held a meeting with some key stakeholders at the State House, Abuja, on Sunday evening. Tinubu said the goal is to provide “additional efforts” in stabilising the economy and ensuring the “best economic future” for Nigerians. “Let’s look at what we’re doing right and what we’re doing wrong to bring life back to the economy. Like I said, many times, the people of this country are only the people…

Monday, 26 February 2024 04:44

Hardship: NLC says no going back on nationwide protest, warns against physical attacks by govt’s agents

Nigerian Labour Congress (NLC) says it is determined to go ahead with its planned two-day nationwide protest over the rising cost of living, irrespective of the intimidation by the government. In a statement on Sunday, Joe Ajaero, the NLC president, said the hardship that Nigerians are experiencing cannot be cured by intimidation and violence. Ajaero noted that the protest scheduled for Tuesday and Wednesday would be observed in a peaceful manner. The NLC president said citizens have the fundamental right to peaceful protest. He urged the government to put on its thinking cap and find a lasting solution to the…

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