CBN Orders Banks To Accept Travel Documents, Refugee ID Cards For Transactions

CBN orders banks to accept travel documents, refugee ID cards for transactions

The Central Bank of Nigeria (CBN) has ordered banks and other financial institutions to accept Machine Readable Convention Travel Document issued by Nigeria Immigration Service; and the Refugee Identify Card issued by the National Commission for Refugees, Migrants and Internally Displaced Persons as means of identification for banking transactions. The CBN disclosed this in a circular titled ‘Acceptance of Machine Readable Convention Travel Document and refugee identification card as means of identification’ on Wednesday, to all banks, other financial institutions, and Payment Service Providers. It stated, “The attention of the…

Read More

First Executive Governor Of Lagos State, Alhaji Lateef Jakande Dies At 91.

First Executive Governor of Lagos State, Alhaji Lateef Jakande Dies At 91.

The former Minister of Works passed on Thursday morning in Lagos at the age of 91. The former journalist who became governor of Lagos State in Nigeria from 1979 to 1983, and later was Alhaji Lateef Kayode Jakande, “Baba Kekere”, as he is also fondly called, is credited with the establishment of the Lagos State University, LASU, and the Lagos Television, LTV, which is among the first crop of state-owned television stations in the country. His administration also constructed waterworks and adequately met the water needs of Lagos residents at…

Read More

Why PDP Berates Ogun Govt For Denying Sunday Igboho

Why PDP Berates Ogun Govt For Denying Sunday Igboho

The Ogun State chapter of the Peoples Democratic Party (PDP) has lambasted the Ogun State government for saying it did not invite Sunday Adeyemo to help solve its security challenges. Adeyemo, also known as Sunday Igboho, on Monday, stormed Igua, Yewa North Local area of Ogun State to chase away herdsmen, days after he visited Igangan in Oyo State to sack Fulani herdsmen, whom he accused of killings, kidnapping among others. It was reported that houses belonging to Fulani herdsmen and a cow market were set ablaze in Igua during…

Read More

9mobile, Globacom, Airtel Fail Quality Tests In 20 States – NCC

9mobile, Globacom, Airtel fail quality tests in 20 states – NCC

9mobile and Globacom have failed to meet key performance indicators stipulated by the Nigerian Communications Commission, the latest report by the industry regulator has shown. According to the report, the two mobile operators were unable to meet Key Performance Indicators in 19 states of the federation, while Airtel failed to meet the KPI in one state, Ogun State. The report covered the month of July 2020. The report showed only MTN was successful in meeting the KPIs in every state of the federation. The data from the industry regulator indicated…

Read More

IMF Foresees Improved Capital Spending In Nigeria

IMF foresees improved capital spending in Nigeria

The International Monetary Fund (IMF) has projected that Nigeria’s capital spending will improve this year while anticipating that financing the country’s deficit will remain a challenge with its huge debt servicing burden. The IMF, in its updated ‘Fiscal Monitor’ report titled: ‘Government Support is Vital as Countries Race to Vaccinate,’ released yesterday, projected overall fiscal balance to be 5.9 percent and 4.7 percent for 2020 and 2021 respectively. The report noted that this was an improvement compared with the 0.8 percent and 0.2 percent it had projected for the country…

Read More

NIC Orders Sterling Bank To Pay N1.7m In Judgment Debt

Lawyers sue CBN, SEC over cryptocurrency ban

The National Industrial Court on Wednesday ordered Sterling Bank Plc to pay N1.7 million as judgment debt. Delivering judgment, Justice Benedict Kanyi, also directed that the claimants be paid N576,720 each, being the judgment sum of N1.7 million, which was their unpaid salary arrears. The judge in addition said evidence of the payment should be deposited in the case file before the court. He further submitted that Sterling Bank, the garnishee, would thereafter be discharged and he made no further order as to cost. Earlier, the matter was slated for…

Read More

How I Discovered Three Children With My Ex-Wife Weren’t Mine – Delta State Judge

How I discovered three children with my ex-wife weren’t mine – Delta State Judge

A Delta State High Court judge, Anthony Okorodas, said he recently discovered that the three children he had with his first wife are not his. Okorodas said in a statement that he made the discovery after he had sponsored two of them to university while the third one was already 17 years old. The judge said he discovered this after the three children were subjected to DNA tests. Okorodas, who described the discovery as devastating, said he and his current wife had been responsible for the education of the three…

Read More

Supreme Court Blocks Request To Unfreeze Abacha Loot In UK, Switzerland, Others

Supreme Court blocks request to unfreeze Abacha loot in UK, Switzerland, others

Supreme Court, has for the second time, rejected the request by Alhaji Ali Abacha, a brother to the late Head of State, Sani Abacha, to unfreeze accounts traced to him and relatives of the late Abacha in the United Kingdom, Switzerland, Jersey, Liechtenstein, and Luxembourg. In a unanimous judgment on Friday, a five-man panel of the court, led by Justice Sylvester Ngwuta held that Ali Abacha’s case was statute-barred, when it commenced in April 2004, at the Federal High Court in Kaduna. The judgment was in the appeal marked: SC/359/2010,…

Read More

NDLEA Arrests Suspected Cocaine Trafficker At Lagos Airport

NDLEA Arrests Suspected Cocaine Trafficker At Lagos Airport

The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect for cocaine trafficking. Ukaegbu Onyekachi was intercepted on Tuesday at the Murtala Muhammed International Airport in Lagos, according to Ahmadu Garba, a senior official of the anti-drug agency. He confirmed that the suspect was arrested with 3.30 kilograms of the illicit drugs during the inward clearance of passengers on Ethiopian Airlines at the E-arrival hall of the airport. Garba, who is the NDLEA commander at the airport, explained that Onyekachi arrived in Nigeria onboard Ethiopian Airways from Sao Paulo…

Read More

Northern Governors Approve Trial Of Criminal Herdsmen

“The Northern Governors Forum concedes to the rights of Nigerians to reside wherever they so desire without any molestation or discrimination,

The Northern Governors Forum has called for the arrest and trial of criminal herdsmen operating in the country. The Forum, in a statement, yesterday, expressed concern over the lingering reports that herdsmen belonging to a particular ethnic group are being targeted in some parts of the South East and South West, leading to loss of lives and properties. Chairman of the Forum and Governor of Plateau State, Simon Bako Lalong, said: “The Northern Governors Forum concedes to the rights of Nigerians to reside wherever they so desire without any molestation…

Read More