Seizes Consignment Hidden in Noodles Packs Operatives of the National Drug Law Enforcement Agency, NDLEA, have detained a 35-year-old lady, Chidinma Chinenye Agbazue after she was caught attempting to export 20 parcels of cannabis sativa weighing 10.70 kilograms concealed in African salad popularly called Abacha and dried vegetables to Doha, Qatar through the Murtala Muhammed International Airport, MMIA Ikeja Lagos state. NDLEA officers at the Lagos airport working in partnership with men of the Department of State Security had on Thursday 28th March intercepted Chidinma, an outbound passenger from Lagos to Doha, on Qatar Airways during clearance of passengers at the…
Author: Khadijah Olowode
By Abimbola Ogunnaike The rehabilitation of the Third Mainland and Carter bridges in Lagos will cost N21 billion and N25 billion, respectively The Minister of Works, Dave Umahi, made this disclosure during a Friday, 29 March, 2024 tour of key infrastructure projects in Lagos with the National Assembly Joint Committee on Works. According to Umahi, there is a need to declare an emergency on the two bridges to avert a reconstruction cost of N6 trillion. The minister warned of the substantial financial and safety risks posed by continued delays of the rehabilitation works. “The cost of rehabilitation of the Third Mainland…
By Abimbola Ogunnaike At least 38 families of deceased personnel of the Niger State Police command who lost their lives in the line of duty between 2022 and 2023 have been presented with a cheques of of N44 million by the state Police Commissioner, Shawulu Ebenezer Danmamman Danmammaan made the presentation during the end-of-the-month conference at the Police Officers’ Mess, Minna, the state capital. According to the police boss, the financial support was given to the families under the Group Life Assurance Scheme of the force to provide succour to the families and next of kin. The commissioner also presented…
By Abimbola Ogunnaike The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, has cried out that the recent bank capitalisation comes with unique risks, especially when banks opt for the private placement route. Recall that the Central Bank of Nigeria had on Thursday, 28 March, 2024 announced new guidelines on its recapitalisation policy for banks, directing commercial banks with international authorisation to increase their capital base to N500 billion, and national banks, N200 billion. Izunazo, in a statement on Friday, 30 March, 2024 said that the CBN should intensify efforts to ensure that laundered funds are not…
By Abimbola Ogunnaike Plans are underway to position Nigeria as a major player in the vehicle manufacturing industry, as it is set to commence local manufacturing of vehicles in the next ten years. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, made this disclosure this on Friday, 29 March, 2024, at the launch of the Nigeria Automotive Industry Development Plan. Speaking at the gathering that was attended by stakeholders drawn from the private and public sectors, the minister said the country can produce vehicles, including motorcycles, tricycles, sedans and heavy trucks. Uzoka-Anite noted that the goal was to cut down on…
By Abimbola Ogunnaike At least 63 persons have been arrested by Operatives of the Lagos State Environmental Sanitation Corps across various locations in the state for crossing the highway without using the pedestrian bridges and for engaging in street trading. The state Commissioner for the Environment and Water Resources, Tokunbo Wahab, made this disclosure in a post on his X handle on Friday, 28 March, 2024. The caption reads, “63 persons were arrested yesterday by the officials of Lagos State Environmental Sanitation Corps #LAGESCOfficial(KAI) at different locations in the state for crossing the highway without using the pedestrian bridge, and…
By Abimbola Ogunnaike The Central Bank of Nigeria (CBN) has removed limits placed on trade and payment services transactions on the Pan African Payment and Settlement System (PAPSS). PAPSS is a cross-border financial market infrastructure enabling payment transactions across Africa. The CBN disclosed this in a circular signed by Director of the Trade and Exchange Department, Hassan Mahmud. This followed the recent liberalisation of the Nigerian Foreign Exchange Market, in line with CBN’s initiatives to boost foreign exchange inflows, particularly through the facilitation of intra-Africa continental trade. The circular reads: “We hereby revise our Circular – RefTEO/FEM/PUB/FPC/011005 issued on July…
By Abimbola Ogunnaike The Transmission Company of Nigeria,(TCN), has confirmed restoring the national grid following a system disturbance at 4:28 pm on Thursday, 28 March 2024, amid the Easter Holidays. Recall that Nigerians experienced nationwide darkness on Thursday, which resulted from the collapse of the national grid. However, TCN, in a statement by its general public Public Affairs, Ndidi Mbah, said the grid was restored with full recovery achieved by 10:00 pm on Thursday. She explained that an imbalance in grid stability caused the disturbance, which was worsened by the sudden tripping of Egbin generation turbine 3. “According to a report from the…
By Abimbola Ogunnaike The Central Bank of Nigeria,(CBN), has disclosed plans to closely monitor the recapitalisation of the Nigerian banking sector, in collaboration with law enforcement agencies. The move, according to the Apex Bank, is intended to prevent illicit financing in the sector. The Director of the CBN’s Financial Policy and Regulation Department, Haruna Mustafa, disclosed this in a circular on Friday, 29 March, 2024. The circular addressed commercial, merchant and non-interest banks, including promoters of proposed banks, regarding the new minimum capital requirements for banks. The banker’s bank said it will conduct the enforcement with the collaboration of relevant law enforcement…
By Abimbola Ogunnaike A 24-year-old man named Gadafi Bala, has been arrested by the operatives of Ogun State Police Command, on Friday, 29 March, 2024 for allegedly defiling a 14-year-old girl in Ogijo in the Sagamu Local Government Area of the state. The state Police Public Relations Officer, SP Omolola Odutola, disclosed this in a statement on Friday, 29 March, 2024. Odutola said Bala committed the crime on Thursday, 28 March, 2024. The statement partly read, “A report received from Ifesowapo Otitoloju CDA in Ilara, Ogijo that a 14-year-old female JSS1 student of Aderegun Community High School, Ogijo was raped…