Author: Akintayo Adams

Rumors and press reports claim that Nigerian actor and comedian John Ikechukwu Okafor, also referred to as Mr. Ibu, has passed away. John Okafor disclosed in October 2023 that he had a condition that might require him to amputate one of his legs. He claimed that while working with other Nollywood actors and actresses on a movie set, he became aware of the issue. In order to pay for his medical expenses, he made a plea to his followers and the general public for money and prayers. In addition, he uploaded a video of himself expressing his fear of losing…

President Bola Tinubu, according to Nimi Wariboko, a professor of social ethics at Boston University, has not yet demonstrated that he was ready for office. “Eight months into a government system is too long not to have a plan,” the author and investment banker said on Inside Sources with Laolu Akande, aired on Channels Television on Friday. He bemoaned the lack of a well-thought-out plan to mitigate the economic impact of the elimination of gasoline subsidies and other policies by the President, who emerged victorious in the February 2023 presidential election on the platform of the All Progressives Congress (APC).…

Richard Teng, the CEO of Binance Holding Limited, has been called before the House of Representatives Committee on Financial Crimes regarding allegations of money laundering and terrorism financing. At a panel on Friday, Ginger Onwusibe, the committee’s chairman, gave the management of Binance Holdings LTD. a seven-day ultimatum to come before the committee by March 4, 2024, at the latest. The Central Bank of Nigeria has reported that Binance, an online cryptocurrency exchange, has engaged in money laundering among other illicit activities. Onwusibe, however, issued a warning: should Binance Holdings disregard the summons, the committee will be compelled to use…

During its 138th Annual General Meeting (AGM), held at Loch Lomond, Scotland, the Scottish Football Association hosted the IFAB. The AGM approved a number of changes and clarifications to the Laws of the Game pertaining to players, including those concerning permanent concussion substitutes, player equipment, fouls and misconduct, and penalty kicks. The present youth and grassroots football temporary dismissal policies have been enhanced. Only after evaluating the effects of these modifications will any possible broader application be taken into consideration. The FIFA trial, in which the referee publicly discloses the conclusions and the reasoning following a video assistant referee (VAR)…

The Trade Union Congress (TUC) has reacted to President Bola Tinubu’s jab, in which he advised labor unions to cease their demonstrations and hold off on entering politics until 2027. At the Lagos Red Line project’s inauguration on Thursday, the President reminded the labor unions that they are not the sole voice for Nigerians and asked them to keep the peace. However, in response to the President’s comments on Channels Television’s Politics Today on Friday, TUC President Festus Osifo stated that union members have the freedom to demonstrate and that they are not politicians. “I listened to that comment yesterday…

In a much-anticipated move, the Nigerian Army has officially released its recruitment list, marking a significant milestone in the journey of aspiring soldiers across the nation. This announcement comes after weeks of eager anticipation since the initial call for applications was made. Recruitment Commencement: A Look Back The journey began several weeks ago when the Nigerian Army opened its doors to eager individuals keen on serving their nation. The call for applications spread far and wide, attracting a diverse pool of talented individuals from various walks of life. As news of the recruitment drive circulated, thousands of hopefuls took the…

Hundreds of prisoners at the Jos Correctional Centre demonstrated on Friday against the facility’s administrators’ intentions to cut back on their intake of rice and beans due to rising costs for basic necessities. The officer in charge of feeding the prisoners had gathered them together to let them know about the conversation they had with the contractor who supplied their food on the rise in market prices for food items and the decision to cut back on their rice intake from four times a week to twice a week. The detainees were reportedly incensed by this revelation, and as a…

When the Central Bank of Nigeria’s regulation on banning accounts without Bank Verification Numbers and National Identification Numbers goes into effect, over 70 million bank customers could lose access to their accounts. In a circular dated December 1, 2023, the CBN ordered that all bank accounts without the BVN and NIN be subject to a “Post no Debit” restriction starting on Friday, March 1, 2024. The directive, which was jointly signed by Haruna Mustapha, the director of financial policy and regulation, and Chibuzo Efobi, the director of payments system management department, stated that “having a BVN and/or NIN is required…

For the second quarter of 2024, the Central Bank of Nigeria has announced that it will offer Treasury bills valued at N1.64 trillion. This was announced by the top bank in the Treasury Bills Issue program that was made public on Friday. The Central Bank of Nigeria (CBN) uses Treasury bills, which are short-term (less than a year) debt instruments, to borrow money from the public on behalf of the federal government. To regulate the amount of money in the economy, the CBN also employs TBs. The campaign will begin on March 7 and run until May 23, 2024. The…

Claims that the cryptocurrency behemoth Binance Holdings Ltd. is in talks with the Nigerian authorities about possible fines of up to $10 billion have been denied. This runs counter to what Bayo Onanuga said earlier in a Friday interview with the BBC. Onanuga, President Bola Tinubu’s special adviser on information and strategy, claimed later that the media had misconstrued his remarks when they stated that the Nigerian government had fined Binance $10 billion in an effort to preserve the value of the naira. This was reported by the BBC on Friday. According to a Binance official quoted by Pressmen, “We…