Author: thepublisherngr

…Warns FCT Minister to stop acting like an emperor The Oduduwa Development Congress (ODC) has disputed the claim of the Minister of the Federal Capital Territory, Nyesom Wike, that he played a significant role in bringing President Asiwaju Bola Ahmed Tinubu to power. The group said Wike’s claim is merely a product of his imagination. ODC emphasized that Nigerians, not Wike, made Asiwaju Bola Tinubu their President, and his victory was a reflection of the will of the people. Addressing a press conference in Lagos on Monday, the president of the group, Oluwasanmi Sola stated that the FCT Minister should…

Some bank customers have expressed panic as the Central Bank of Nigeria bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Association of Nigeria backed the CBN directive. The new directive will affect fintech companies such as OPay, Palmpay, Kuda Bank, and Moniepoint, from opening new accounts until further notice. Reliable sources from three major fintechs who requested not to be mentioned as they were not permitted to speak. The CBN’s move was linked to an ongoing audit of the Know-Your-Customer process of the fintechs, which have been under scrutiny in recent months over…

The trial of the Managing Director and Chief Executive Officer of MTN Nigeria Communications Ltd, Karl Toriola, Senior Executive Officer, Nkeakam Abhulimen and two others for criminal charges bordering on “copyright infringement” was on Monday stalled due to the absence of the defendants in the court. The telecommunications giant is standing trial following criminal charges filed by the Nigerian Copyright Commission (NCC) against Karl Toriola, Nkeakam Abhulimen; Fun Mobile Ltd, a telecommunications service provider; and Yahaya Maibe, its CEO. The matter which was slated for arraignment before Justice Inyang Ekwo at the Federal High Court Abuja could not go on…

A former Director of Information Technology with the Central Bank of Nigeria, John Ayoh, on Monday, alleged that he collected on behalf of the former governor of the apex bank, Godwin Emefiele, a sum of $600,000 in two installments from contractors. Ayoh, the second witness of the Economic and Financial Crimes Commission, disclosed this while recounting instances where he facilitated the delivery of money to Emefiele, claiming it was for contract awards. Under cross-examination at the Ikeja Special Offences Court in Lagos by the defence counsel, Olalekan Ojo (SAN), Ayoh admitted to facilitating the alleged bribery under pressure. The embattled…

Investors lost N154bn on Monday on the back of the decline suffered by Dangote Sugar, Secure Electronic Technology, CAP and 17 other stocks. Bearish trading followed the prevailing sentiments in the market in recent times as investors’ appetites waned. This is despite the local bourse seeing more advancing stocks (25) than declining ones (19) at the close of trading. On the gainers’ chart were Sterling Financial Holding Company, FBN Holdings and Honeywell Flour Mill, which gained 9.95 per cent, 9.83 per cent and 9.40 per cent to close trading at N4.20, N22.35 and N3.49, respectively. Sectoral performance remained mostly bearish,…

The FCT High Court sitting in Jabi, Abuja has adjourned the arraignment of Abayomi Oluwasesan till May 2nd, 2024. Although the matter was mentioned for hearing, the trial could not go on because of the absence of the Defendant (Abayomi). The prosecutor reported to the court that the prison officers couldn’t bring him because of the recent prison break at the Suleja correctional centre. He further submitted that proper arrangements are serious ongoing to secure his presence in court in the next adjourned date… The Defendant Counsel moved a motion for the review of Abayomi bail application, which is subject…

Nigerian Disc-Jockey, Anuoluwapo Sanni also known as MaskQueen DJ Bella, on Monday made a historic feat, after she broke the Guinness World Records for the longest live-streamed concert by a DJ lasting for 250 hours. As at 0.249.59.58 am on Monday, DJ Bella hits the 250 hours to set a new Guinness World Records for the longest live-streamed concert by a DJ. Bella, a seasoned Disc Jockey with over 15 years of experience behind the turntables started her 11-day live concert marathon challenge from April Thursday, 28, and rounded off early hours of Monday, April 29 at the Festival Conference…

A few months after appointment as acting director-general of Nigerian Civil Aviation Authority, NCAA, Capt. Chris Najomo is enmeshed in alleged financial recklessness, violations of government procurement regulations, and gross abuse of office. DAILY NIGERIAN reports that the top aviation regulator had proposed to spend N3,000,000,000 on purchase of vehicles; N4,317,070,233 on “international transport”; N3,310,009,756 on “local transport and travels for training” and; N8,342,547,767 on “travels and transport”. But soon after his appointment as acting DG on December 13, 2023, Mr Najomo went on spending spree, purchasing a 2022 Toyota Landcruiser (70th Anniversary Edition) worth over N250m, which was not…

From Left: Tosin Aderinwale, Chief Executive Officer, Justrite Stores; with Sola Sobowale, Mouka Brand Ambassador, Omotolani Tijani – Brand Manager, Mouka; and Chinwe Remi-Lawal, National Retail Manager, Mouka; during the opening of the company’s grand Justrite outlet in the Eleyele area of Ibadan, Oyo State. on Tuesday, 15th April 2024. Mouka, Nigeria’s leading manufacturer of mattresses, pillows, and beddings, has expanded its distribution network within the Oyo state metropolis. With the opening of the grand Justrite outlet in the Eleyele area of Ibadan, consumers now have another avenue to experience and purchase Mouka products in a modern and serene atmosphere. As a…

The Joint Admissions and Matriculation Board (JAMB) has released the results of candidates who participated in the 2024 Unified Tertiary Matriculation Examination (UTME), with 64,624 results under investigation. The Board Registrar, Prof. Is-haq Oloyede, disclosed this at a press briefing in Bwari on Monday. Oloyede said that 1,989,668 candidates registered for the examinations held in 118 towns in 774 Computer Based Test Centres (CBT). According to the registrar, out of the registered candidates, 1,904,109 sat for the examination, while 80,810 were absent. He explained that 64,624 results were under investigation for various reasons, such as verification (2,896), procedural investigations (4,594),…