Author: Akintayo Adams

Two former lawmakers from Lagos, Dipo Olorunrinu and Sir Jude Idimogu have hailed President Bola Tinubu for his courage and determination to fight terrorism by listing alleged financiers of terrorism in the country. They both made this remark in separate interviews with the News Agency of Nigeria on Thursday in Lagos. They were reacting to the Federal Government’s release of the identity of 15 entities, including nine individuals and six Bureau De Change operators and firms, allegedly involved in terrorism financing on Wednesday. The alleged financiers were disclosed by The Nigerian Financial Intelligence Unit in an email, entitled: “Designation of…

Ahead of Senegal’s presidential election on Saturday, Former Nigerian President Goodluck Jonathan has led the West African Elders Forum, WAEF, to the country on a mediation mission. This was revealed in a statement signed and issued in Yenagoa on Thursday by the Communications Officer of the Goodluck Jonathan Foundation, Wealth Ominabo. Fmr. President Jonathan, who also is the chairperson of WAEF, and other members of the forum left Abuja for Dakar on Thursday, according to the communique. The statement named Dr Mohamed Ibn Chambas, former Special Representative of the Secretary-General and Head of the United Nations Office for West Africa…

Governor Ademola Adeleke has approved the payment of March salaries, pensions and palliatives for Public Servants in Osun State. In a statement released by Mallam Olawale Rasheed, spokesperson to the Governor, the approval of the salaries, pensions and palliatives have been confirmed by the Head of Service, and the approval covers all categories of local and state government employees including tertiary institutions in the state. “I can confirm that Mr Governor has approved the March salaries, pensions and palliative wage awards, including the payment of the outstanding half salary for retirees under the contributory pension scheme yet to obtain their…

The local currency continued it’s recent recovery on Thursday by appreciating significantly against the dollar. This is in no small part thanks to recent interventions by the Yemi Cardoso-led Central Bank of Nigeria (CBN). From ₦1,536.83 on Wednesday, the naira appreciated to ₦1,382.35/$ within 24hrs at the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks the first time in a long while that the Nigerian currency would record such a huge gain. It happened barely 24 hours after the Central Bank of Nigeria (CBN) announced it had cleared $7bn valid foreign exchange claims while increasing the country’s forex reserves. The…

The WBC through its President, Mauricio Sulaiman has made it compulsory for Anthony Joshua to challenge the winner of the Oleksandr Usyk versus Tyson Fury bout. All the belts are up for grabs on the 18rh of May in Saudi Arabia when Fury takes to the ring against Usyk. A rematch is expected later in the year. According to Sulaiman, there is no obstacle preventing Joshua from fighting Usyk or Fury. “The WBC was presented a sanction request which was to fight for the undisputed. The WBC accepted that sanctioning and we accepted the rematch they have requested,” Sulaiman said…

A total sum of ₦1.152 trillion February revenue has been shared by The Federation Account Allocation Committee, (FAAC) to the Federal Government, States and Local Government Councils. The revenue was shared at the March meeting of FAAC chaired by the minister of Finance and Coordinating Minister for the Economy, Wale Edun on Thursday (Yesterday). “The ₦1.152 trillion total distributable revenue comprised distributable statutory revenue of ₦101.349 billion and distributable Value Added Tax, VAT revenue of ₦428.806 billion,” reads the FAAC press release. Also, it comprised Electronic Money Transfer Levy, EMTL revenue of ₦15.157 billion and Exchange Difference revenue of ₦607.444…

The Babaloja General of Oyo state, Alhaji Yekeen Abass has made known the decision to close some markets in Ibadan, the state capital, as the 8th day Fidau of late Olubadan of Ibadanland, Oba Mohood Lekan Balogun holds on Friday (Tomorrow). This was revealed in a statement made available to newsmen. Announcing on behalf of market leaders and elders, the Babaloja General said it is important for market men and women to give honour to the late Olubadan in remembrance of the roles he played in the development and growth of the historical city. Markets at Gate, Oje, Beere, Ojaaba,…

In a video making rounds on the internet, a young man is claiming to be one of the killers of the 16 soldiers attacked in Okwuma community while on peacekeeping mission over a communal clash between Okuama and Okoloba community in Bomadi and Ughelli South Local Government Area of Delta State. The young man, who failed to mention his name in the video, said two warring communities had a land dispute which led to a crisis. However, he blamed the government and leaders for failing in their duties to call both communities for a peaceful resolution. “This is the last…

The House of Representatives on Wednesday passed a bill sent by President Bola Ahmed Tinubu seeking enhanced salaries and allowances for judicial office holders in the country. The approved bill increases the total monthly package of the CJN to ₦5,385,047.26, ₦4,213,192.54 for other Supreme Court Justices and ₦4,478,415.78 for the President of the Court of Appeal. Justices of the Court of Appeal are to earn a total monthly package of ₦3,726,665.40, while ₦3,527,022.61 is the total monthly package of the Chief Judge of the Federal High Court, President of the National Industrial Court, Chief Judge of the FCT High Court,…

A draft UN resolution calling for an “immediate and durable ceasefire” in the Israel-Hamas war has been circulated by the United States amid the famine in besieged Gaza. Previous Security Council texts using the word “immediate” has been blocked by Washington, however, Blinken, the secretary of state confirmed a shift in position on Wednesday (Yesterday). Blinken, who is due to meet five Arab foreign ministers in Egypt on Thursday (Today), emphasized any immediate truce must be related to the release of hostages snatched by Palestinian militants during the October 7 attack that set off the war. The Israeli bombardment of…