The house of representatives has asked the Central Bank of Nigeria (CBN) to hit the brakes on the implementation of the cashless policy it recently re-introduced. At the plenary session on Thursday, the lower legislative chamber said the policy will lead to a significant decrease in credit extension by Nigerian ...
Read More »CAN Raises Alarm as El-Rufai moves to Demolish 110-year-old church
The Christian Association of Nigeria (CAN) has raised the alarm over a 7-day quit notice issued to St. Gregory’s Anglican Church, Sabon Gari, Zaria, by the Kaduna State Urban Planning Development Agency (KASUPDA). In the notice seen by TheCable, the agency said the failure to comply with the directive will ...
Read More »Osinbajo to NEC: Don’t ask Me for Anything on the New Economic Council ask Buhari
Vice-President Yemi Osinbajo says the national economic council will have to send a request through the president to get a briefing from the newly appointed economic advisory council (EAC). Osinbajo made this statement on Thursday in response to a request for clarification by members of the national economic council regarding their ...
Read More »Missing Millions of Naira: Allegation of Witch-Hunt Trails Court-Martial Chairman
Hakeem Otiki, a major-general standing trial over the alleged theft of millions of naira, has asked Lamidi Adeosun, a lieutenant-general, not to preside over the case. Five soldiers were declared wanted by the Nigerian army after they absconded with a large amount of cash allegedly on the orders of Otiki ...
Read More »Cabal targets Osinbajo over actions taken as Ag President
Fresh facts on Wednesday emerged on some decisions taken by President Muhammadu Buhari on the functions of his deputy, Prof Yemi Osinbajo. A source in the Presidential Villa confided in The PUNCH that members of the cabal in the Presidency were bitter about the roles played by the Vice-President, when ...
Read More »Revenue Generation: CBN imposes additional charges on transactions on individual bank accounts
Effective Wednesday, September 18, cash deposits and withdrawals from individual bank accounts are to attract addition charges, the Central Bank of Nigeria said on Tuesday. In a circular to all deposit money bank (DMBs), the Director, Payments System Management Department at the CBN, Sam Okojere, said henceforth 3 percent processing ...
Read More »$11m Fraud Allegation: Obinwanne (Invictus) Okeke Pleads not Guilty, Remanded in Prison till February 2020
Obinwanne Okeke, the 31-year-old Nigerian held by American authorities for alleged fraud, entered a plea of not guilty to two counts of wire and computer fraud at his first hearing on Monday. The presiding judge at the Newport News, Virginia, federal courthouse, declared the case as “complex,” but said Mr ...
Read More »Nigeria’s domestic revenue among world’s lowest —Bill Gates
American billionaire and philanthropist, Bill Gates, has said that Nigeria has one of the lowest domestic revenues at just six per cent of GDP compared to 15 per cent in some other countries. This, he said, is perhaps one of the reasons why the largest black nation has a problem ...
Read More »Update: BudgIT Co-Founder Seun Onigbinde Resigns Govt Appointment
Following public criticisms that have greeted his appointment to the budget ministry, Seun Onigbinde has now turned down the appointment. Mr Onigbinde, co-founder of BudgIT, a civic group committed to government financial transparency, announced his resignation on Monday. Mr Onigbinde had last week announced his decision to accept a technical ...
Read More »BREAKING: BudgIT Seun Onigbinde Resigns over Outrage on Appointment
Seun Onigbinde, co-founder of BudgIT, has resigned his appointment as technical adviser at the ministry of budget and national planning. More to follow…
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