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Daily Archives: August 9, 2018

NASS may pass budget for 2019 election next week –INEC

The National Chairman of the Independent National Electoral Commission, INEC, Yakubu Mahmood,, said there was hope that the 2019 election budget would be passed by the National Assembly next week. The National Assembly may reconvene to consider the N242 billion budget for the 2019 general election. Mahmood made this known in Abuja on Wednesday shortly after a meeting with the ... Read More »

Skripal attack: US to sanction Russia over Novichok use

The US has said it will impose fresh sanctions on Russia after determining it used nerve agent against a former Russian double agent living in the UK. Sergei Skripal and his daughter Yulia were left seriously ill after being poisoned with Novichok in Salisbury in March, though they have now recovered. A UK investigation blamed Russia for the attack, but ... Read More »

Current political happenings in Nigeria battle between good, evil — Osinbajo

Acting President Yemi Osinbajo has described the current political happenings in Nigeria as a battle between the good and bad elements whose aim was to continue suffocating the nation by milking it dry. He said the Federal Government “would not compromise” in the ongoing war against corruption and protection of national interest. Mr Osibanjo made the declaration in Daura on ... Read More »

EFCC unfreezes Benue account

The Benue State Government can now access its accounts with various banks where its funds are kept following the unfreezing of its account by the Economic and Financial Crime Commission (EFCC) on Thursday. According to the Press Secretary to the governor, Mr Terver Akase, the state government got to know that its accounts had been unfrozen when it got calls ... Read More »

Saraki shouldn’t be Senate President – APC explodes

The All Progressives Congress (APC) on Thursday declared that Senator Bukola Saraki should not be Nigeria’s Senate President. This was contained in a statement by Yekini Nabena, APC National Publicity Secretary. He claimed that Saraki had been indicted for corruption and funding of robbers as such should not be holding a sensitive position. The statement reads: “In every democratic country, ... Read More »

NASS Invasion: EU expresses concern, wants security agencies to be neutral

The European Union (EU) has expressed concern over the recent invasion of the National Assembly by heavily armed men in hoods. EU stressed the importance of the law enforcement agencies staying neutral, while advocating for independence of institutions in line with the constitutional provisions. In a statement from the EU embassy in Abuja, the EU Heads of Mission also posited ... Read More »

First Bank redeems $300m Eurobond, pays bondholders

First Bank yesterday said it had redeemed a $300 million Eurobond before maturity and had paid all bondholders.The seven-year bond was issued in 2013 at 8.25 percent and had been due to be repaid in 2020. First Bank announced its intention last month to repay the debt before maturity and said on Tuesday it had made the payment after obtaining ... Read More »

Protest rallies rock Akwa Ibom over Akpabio’s defection

Several rallies were held on Wednesday in some local governments in Ikot Ekpene senatorial district of Akwa Ibom State against the defection of former governor Godswill Akpabio from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) Before Akpabio was received into the APC, some stakeholders in the senatorial district gathered at Ritman College to denounce Akpabio’s defection, ... Read More »

EFCC arrests former DSS DG

The Economic and Financial Crimes Commission (EFCC) has arrested a former Director-General of the Department of State Service (DSS), Ita Ekpenyong. He was reportedly arrested in connection with alleged N17billion fraud in the agency. The arrest was said to be part of ongoing probe of the sacked DG of the agency, Lawal Daura. The two ex-DSS chiefs were said not ... Read More »

Saraki meets with 45 political parties’ chairmen

The Senate President, Bukola Saraki, is meeting with chairmen of 45 political parties in his office at the National Assembly. Saraki made this known in a tweet on his verified Twitter handle, @bukolasaraki, on Thursday. The tweet reads, “I am now meeting with the National Chairman of the 45 political parties at my office in the Senate.’’   Read More »