Author: Adejuyigbe Francis

Thought Leader, Idea Bank, Nation Builder.

The Lagos State University (LASU) has removed the Dean of Student Affairs, Prof. Tajudeen Olumoko. The report revealed that Olumoko was among the certificate racketeering syndicates that helped people purchase LASU certificates for ₦2m or ₦3m, depending on the technicality of the course involved. Confirming the development, a source in the university, who does not want his name mentioned said Olumoko was removed on Tuesday, November 7, 2023, and has been replaced by Dr. Abiodun Fatai-Abatan. The source added that Olumoko had not been sacked yet. Meanwhile, the report indicting the institution stated that the former Vice Chancellor of the university,…

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The Economic and Financial Crimes Commission (EFCC) adhered to the order of the High Court of the Federal Capital Territory, Abuja, on Wednesday, November 08, 2023. Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who had been in the custody of Federal Government security agencies for over 150 days, was brought to court in compliance with the directive issued by Justice Olukayode Adeniyi. Dressed in a yellow Babariga paired with a Hausa cap, Emefiele entered the courtroom at approximately 12:30 PM, accompanied by a team of EFCC operatives ensuring his security. The court premises were abuzz with anticipation as…

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All flights to Owerri, Imo State, from airports across Nigeria have been blacklisted by the unions in the aviation industry. The action follows a joint directive by the Labour Union, which consists of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), in response to the brutalisation of the NLC President, Joe Ajaero, in Owerri last week. The joint statement issued by the aviation unions, which include the National Union Of Air Transport Employees (NUATE), Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), Association of Nigeria Aviation Professionals (ANAP), and the National Association of Aircraft Pilots And Engineers (NAAPE), confirms…

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Tertiary Education Trust Fund (TETFund) has pledged to partner with Rural Electrification Agency, REA, to provide uninterrupted power in universities and other tertiary institutions in the country. The Executive Secretary of TETFund, Arc. Sonny Echono, stated this on Tuesday during a courtesy visit to his office by the Managing Director of REA, Salihijo Ahmad, in Abuja. Echono noted that the importance of steady power supply in tertiary institutions cannot be over-emphasized, commending the Energizing Education Programme (EEP) programme by REA in select universities and teaching hospitals across the country. “There is sheer acceptance that this is important for us as…

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The National Identity Management Commission (NIMC) has cleared a backlog of over two million National Identification Number (NIN) modification requests. NIMC Acting Director’General, Engineer Abisoye Coker-Odusote, confirmed this in a statement on Wednesday. She said the achievement underscores NIMC’s commitment to ensuring that all Nigerians have access to secure and universally recognized identity documentation. “NIMC’s dedicated teams have been working tirelessly to process these backlogs and will not relent in effort to ensure that citizens have a streamlined experience when obtaining their NINs. “We acknowledge the challenges that many Nigerians faced in the past and appreciate the patience they have…

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The Naira depreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, November 7, as the supply of foreign exchange (FX) into the system shrinks. Data from the FMDQ Securities Exchange showed that forex transactions worth $70.92 million were recorded during the trading session, 19.1 per cent or $16.73 million lower than the $87.65 million achieved in the preceding session. Last week, the Nigerian currency gained weight on the greenback after it was reported that about 2 per cent of FX backlogs had been cleared, but it failed to sustain the positive momentum, as…

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Akinwumi Adesina, president of African Development Bank Group has said the size of the electric vehicles value chain is estimated to increase from the current $7 trillion to $57 trillion by 2050 and that future depends on Africa. Adesina made the submission at the Africa Investment Forum 2023 Wednesday at the Palace Congress, Marrakech, Morocco. He noted that this is because Africa accounts for the largest source of green metals for the development of electric vehicles, including platinum (70%), cobalt (52%), manganese (46%), bauxite (25%), and graphite (21%). “Africa has the largest sources of renewable energy sources in the world,…

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Foreign airlines have disclosed that about 90% of their $783m trapped funds have remained unpaid. The airlines stated this during a stakeholders’ forum convened by Festus Keyamo, the Minister of Aviation and Aerospace Development, in Lagos recently. According to data from the International Air Transport Association, as of August 2023, Nigeria accounted for a substantial $783m of airlines’ blocked funds. Despite recent efforts to alleviate the situation, the airlines said a significant portion of those funds remained inaccessible to them. Chima Kingsley, the Chairman of International Airline Operators, emphasised that while international banks had received some funds from the Central…

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The Nigeria Labour Congress (NLC), on Wednesday, said that it is not compulsory for the governorship election scheduled for November 11, 2023, to be held in Imo. The NLC Head of International Relations, Uchenna Ekwe, stated this during an interview on Channels TV. Ekwe said the Imo people have been faced with violence, adding that the election would not produce anything. He said that the workers in Imo do not have faith that the election would determine anything. Ekwe said, “Talking about the election, in Imo in particular, did the votes count? How did he (Hope Uzodinma) become governor? In Imo, is…

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Osun State Governor, Ademola Adeleke, has debunked allegations that he is spending N400 million monthly on domestic running costs. These claims were made by the All Progressives Congress (APC) National Secretary, Ajibola Basiru, during a meeting with party members in Osogbo. Basiru had claimed that Governor Adeleke was influenced by his family, particularly his elder sister, Dupe Adeleke-Sanni, and raised concerns about increased state allocations without a commensurate improvement in government service delivery. In response, Governor Adeleke, through his spokesperson, Olawale Rasheed, described the allegations as “careless, ill-thought, and lacking any iota of truth.” He refuted the claim that he…

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The Appeal Court has declared the Labour Party candidate, Thaddeus Atta, as the duly elected House of Representatives member representing Eti Osa Federal Constituency in Lagos State. The National Assembly Elections Petition Tribunal sitting at Tafawa Balewa Square, Lagos, had in September declared the election inconclusive. The tribunal ordered the Independent National Electoral Commission (INEC) to conduct a supplementary election within 90 days in 33 polling units where elections were not held. However, the Appeal Court on Tuesday overturned the tribunal’s directive and ruled that the elections were conclusive. This legal battle involved famous Nigerian singer and Peoples Democratic Party…

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The Federal Government has inaugurated additional enhanced e-passport facilities at selected Nigerian Embassies in Italy, Spain, Greece, Austria and Switzerland. The Minister of Interior, Dr Olubunmi Tunji-Ojo inaugurated the facilities at the Nigerian Embassy in Rome. A statement by the Service Public Relations Officer (SPRO) Dr Adedotun Aridegbe on Tuesday in Abuja stated the new passport processing centres were part of efforts to streamline passport processing and acquisition for Nigerians residing in the diaspora. Tunji-Ojo emphasised the dedication of President Bola Tinubu’s government to citizens’ diplomacy and the enhancement of services to the diaspora community. The Interior Minister who, was…

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