Author: Fishe

The Economic and Financial Crimes Commission (EFCC), has advised Nigerians to be wary of the activities of unscrupulous elements using a fake EFCC Help Desk to issue scam alerts. The scam alerts according to the commission could be in the form of fake calls purported to be from the its’ help desk. Wilson Uwujaren, the Commission’s Spokesperson, in a statement in Abuja explained that the ‘Scam Alert’ trending on social media was fake. He clarified that for the avoidance of doubt, EFCC has no such desk, saying that any information which supposedly emanated from the said EFCC HELP DESK did…

President Muhammadu Buhari has again hinted at his retirement plans after exiting office on May 29. Speaking during the inauguration of the new Customs Headquarters in Abuja on Tuesday, the President said he would be far away from the nation’s capital after handing over power to his successor next Monday. “I try to plan to be as far away from Abuja as possible. I came from an area that is far away from Abuja,” Buhari stated. The President also underscored his cordial relationship with the Niger Republic, saying the neighbouring nation would defend him when he leaves office. According to…

Governor Abdulrahman Abdulrazaq of Kwara State has emerged as the new Chairman of the Nigeria Governors Forum (NGF). He replaced Governor Aminu Waziri Tambuwal of Sokoto State whose tenure of office would expire on May 29, 2023. This was contained in a communiqué signed by Tambuwal at the end of the 7th emergency meeting of the state governors held on Tuesday night in Abuja. It was gathered that Governor Abdulrazaq emerged through consensus, while Oyo State Governor, Seyi Makinde was chosen as vice chairman of the forum. “On the leadership of the Forum, the Governor of Kwara State, Abdulrahman Abdulrazaq,…

In what Nigerians call cash-out move, president Muhammadu Buhari has asked the Senate to approve $566,754,584.31, £98,526,012.00, and N226 billion to clear some outstanding judgement debts. This request is coming barely five days before the termination of the current administration. The letter of request was read by the Senate President, Ahmad Lawan on Wednesday during plenary. In the letter, Mr Buhari explained that the money are for judgement granted against ministries, departments and agencies which had earlier been settled through promissory notes. He stated that the payment of the judgment debt was approved by the federal executive council. “The distinguished…

The Central Bank of Nigeria’s Monetary Policy Committee (MPC), has further increased the interest rate by 2.5 per cent to 20.5 per cent from 18 per cent in March. Godwin Emefiele, the Governor of Central Bank of Nigeria disclosed this on Wednesday during the MPC communique presentation and Analysis. He explained that the decision is to curtail the rising inflation in Nigeria. “Our actions to increase the MPR rates are potent because the inflationary pressures you see today confronting us are a global phenomenon and this started in 2022”, he stated. In March, the policy-setting committee raised the MPR from…

As May 29 Inauguration Day approaches, Lagos State Governor, Babajide Sanwo-Olu, has dissolved his cabinet as he prepares for another four year, second term in office. Sanwo-Olu and his deputy, Obafemi Hamzat, will be sworn in for a four year, second term on May 29. The Head of Service, Hakeem Muri-Okunola, made the announcement on Wednesday through a circular with No. 046. The circular read in part, “However, political appointees whose appointments are by Legislation/Tenure-Based and Members of Statutory Commissions/Governing Councils whose tenures have not lapsed are not affected by this directive, unless otherwise formally informed. “Therefore, all affected political…

The Nigerian National Petroleum Company Limited has resumed oil drilling campaign at the Wadi-B located in Jere Local Government Area of Borno State. The NNPC resumed drilling after it initially stopped drilling in Wadi-B in 1995 because back then; successes were weak and findings made during the period were not in commercial quantity, it was reported. According to NNPC’s Group Chief Executive Officer yesterday, Mele Kyari, the company hopes to bring prosperity to the people through the elimination of energy poverty currently threatening Africa’s biggest economy. Kyari made the commitment at the Presidential flag-off of Wadi-B drilling campaign by President…

Ahead of his inauguration on May 29, a former British Prime Minister, Tony Blair, has visited the Nigerian President-elect, Bola Tinubu. During the visit on Tuesday in Abuja, Blair expressed readiness to support Tinubu’s incoming administration to succeed. The former British Prime Minister said the Tony Blair Institute for Global Change would partner with Tinubu’s administration in prioritising its goals and delivery. Blair said he met Tinubu due to the institute’s project in Nigeria, adding that the meeting would enable him understand the incoming administration’s priorities. Blair told Tinubu: “We would like to help in any way with your administration.…

As we all anticipate the hand-over of power to new government on May 29th in Nigeria, the Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42 to a dollar. The figure represents a 0.20 per cent decrease against N463.50 traded on the previous day (Monday). Accordingly, on Tuesday, an open indicative rate closed at N464.10 to the dollar. An exchange rate of N632 to the dollar was the highest rate recorded within Tuesday’s trading before it settled at N464.42. The naira sold for as low as 460 to the dollar within the day’s trading. Consequently, at…

Embattled Nigerian Youtuber, Emdee Tiamiyu, has said he is realistic in his dealings and also means every word he says in his controversial British Broadcasting Corporation interview. Emdee said this while reacting to the barrage of criticisms that trailed the interview he granted to the BBC where he claimed that Nigerians seeking admission into school in the United Kingdom only considered it as an alternative means to escape from Nigeria. Tiamiyu, who is known for advising Nigerians on studying in the United Kingdom noted that most Nigerians are not looking for new qualifications, but to start a new life abroad.…

The Central Bank of Nigeria has revoked the licences of 179 Microfinance banks in Nigeria, as well as four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on Tuesday. The gazette said that the licences of the financial institutions were revoked because they “ceased to carry on in Nigeria, the type of business for which their licences were issued for a continuous period of six months;  failed to fulfil or comply with the conditions subject to which their licences were granted;…

A nine-member delegation is expected to attend the inauguration of President-elect Bola Tinubu next Monday, according to an official statement by the White House on Monday. The Secretary of the United States Department of Housing and Urban Development, Marcia L. Fudge, is scheduled to lead the delegation. See the full statement below: President Biden Announces Presidential Delegation to the Federal Republic of Nigeria to Attend the Inauguration of His Excellency Bola Ahmed TinubuPresident Joseph R. Biden, Jr. today announced the designation of a Presidential Delegation to attend the Inauguration of His Excellency Bola Ahmed Tinubu on May 29, 2023, in Abuja, Nigeria. The Honorable…