By Abimbola Ogunaike The Nigerian Deposit Insurance Commission(ndic) has kick-started the liquidation process of failed Heritage Bank with verification and payment of the bank depositors. NDIC disclosed this on Monday, 3 June, 2024 following its appointment as liquidator of Heritage Bank by the Central Bank of Nigeria, who announced the revocation of the licence of the bank. In a statement signed by the Acting Director of Corporate Communication, Sidi Ali, the CBN said, “This action has become necessary due to the bank’s breach of Section 12 (1) of BOFIA, 2020. The board and management of the bank have not been…
Author: Khadijah Olowode
By Abimbola Ogunnaike Nollywood actress and producer, Toyin Abraham has came out to defend her decision to support President Bola Tinubu during the 2023 elections. Recall that after the election, Abraham made a post saying she met with the then incoming President and that he shared some of his ideas with her on how he plans to solve some of the challenges confronting the country. Following the increasing hardship in the country, Abraham has been receiving sticks for her role in bringing the current government to power. Reacting to the backlash during an Instagram Live session Tuesday, 4 June, 2024,…
By Abimbola Ogunnaike The Independent National Electoral Commission (INEC) has extended the Continuous Voter Registration (CVR) for the forthcoming gubernatorial elections in Edo and Ondo states by four days. The National Commissioner & Chairman of the Information and Voter Education Committee, Sam Olumekun, who made this disclosure in a statement, said the Commission took the decision after its meeting on Tuesday, 4 June, 2024. Olumekun said the CVR, which was scheduled to end Wednesday, June 5, has been extended to Sunday, June 9, 2024. The electoral umpire also extended the duration of the exercise from 9.00 am to 5.00 pm…
By Abimbola Ogunnaike The Inspector-General of Police (IGP), Kayode Egbetokun, has disclosed that the Nigeria Police Force (NPF) under his command will soon establish a full drone system to tackle the nation’s security challenges adequately. Egbetokun made this disclosure on Monday, 3 June, 2024 in Ibadan, Oyo State capital while delivering the first distinguished Personality Lecture, organised by the TETFUND Centre of Excellence in Multidisciplinary Studies (TCEMS), University of Ibadan (UI). The Police Chief, who said although the force already had a drone, added that it would now establish a full drone system to capture everywhere in Nigeria from its headquarters…
Total expenditure on direct social investments by the three Shell companies in Nigeria and their partners in 2023 was $42.2 million, a 23% increase compared to $34.29 million in the previous year. Shell exclusively spent $14.1 million. This was a significant mark-up in efforts by The Shell Petroleum Development Company of Nigeria Ltd (SPDC,) Shell Nigeria Exploration and Production Company Ltd (SNEPCo) and Shell Nigeria Gas (SNG) as well as their partners — Nigerian National Petroleum Company Limited (NNPC); TotalEnergies EP Nigeria Limited; NAOC and Esso Exploration and Production Nigeria Ltd – to promote the socio-economic development of host communities.…
By Abimbola Ogunnaike The Senator representing Bauchi North Senatorial District in the Upper Legislative Chamber, Senator Abdul Ningi, On Tuesday, 4 June, 2024 returned to plenary sessions following a three-month suspension. Recall that the Senate had pardoned and recalled him, ending his suspension that began on 12 March, 2024. Last week, Deputy Minority Leader Senator Abba Moro moved a motion for Ningi’s recall, expressing regret on his behalf and taking responsibility for his actions. The Senate President, Godswill Akpabio, subsequently announced Ningi’s unconditional recall after pleas from some lawmakers. Ningi’s suspension stemmed from a controversial interview where he alleged discrepancies…
By Abimbola Ogunnaike The Zamfara Government has disclosed that it has paid about N5.3 billion to settle 13 years backlog of gratuity owed retired civil servants in the state. The State Governor, Dauda Lawal, made this disclosure in a statement issued by his Spokesman, Mr Suleiman Idris in Gusau on Monday, 3 June, 2024. He said that so far, the state government had settled N5.3 billion out of about N8.1 billion owed the retirees. According to Lawal, 2,209 retired local government and primary school teachers have been settled while about 1,642 retired state workers were paid in five batches. “No…
By Abimbola Ogunnaike Rivers State Police Command has disclosed that at least two persons died after a tanker suspected to be carrying Liquefied Natural Gas exploded at the Obiri-Ikwerre flyover along the East-West on the outskirts of Port Harcourt in the state. The state Police Public Relations Officer, Grace Iringe-Koko, confirmed the incident and the casualty figure. “Yes I can confirm that two persons died in the tanker fire. Myself and the Commissioner of Police are on the ground as I speak to you. “The fire has been put out but the area is still dangerous because the gas is…
The Director General, D-G of the Securities and Exchange Commission, SEC, Dr. Emomotimi Agama, would be x-raying key policies and options available in the country’s drive to strengthen her national economy while aligning with global push towards promoting green economy. This will be the high point at the 3rd National Conference being put together by Oriental News Nigeria, coming up on July 25th , 2024, at Radisson Blue GRA Ikeja, Lagos at 9am. Oriental News Nigeria a leading digital media platform would gather key policy makers, Government and non Governmental Organisations, industry experts in Nigeria’s financial sector to the conference…
The Federal Government has mobilised first responders to the scene of a collapsed mining site in Galadima Kogo, Shiroro Local Government Area (LGA) of Niger State. The Minister of Solid Minerals Development, Dr. Dele Alake disclosed that the swift action of the Federal Government underscores its commitment to mitigating the adverse impact of the incident and rescuing those still trapped in the rubble. “Upon learning of the incident, we mobilised our Federal Mines Officer (FMO) and officials of the Mines Inspectorate to the site. In collaboration with the mining company, we have rescued seven victims, some with injuries. Rescue operations…