Author: TheLagosianMagazine

Wale Edun, minister of finance and coordinating minister of the economy, says the federal government had “exited” servicing its debts through ways and means. Edun spoke on Thursday at the 2024 Access corporate forum, themed, ‘Nigeria’s Economic Rebirth: Hopes and Implications’. His statement comes days after the Central Bank of Nigeria (CBN) said it would sustain its ways and means advances to the federal government at a 5 percent limit for the 2024-2025 fiscal year. Ways and means is a loan facility through which the CBN finances the federal government’s budget shortfalls. Speaking on plans to boost revenue and managing…

By Jimmy Fatunbi The President of the Senate, Godswill Akpabio, on Thursday, flagged-off the distribution of 16,800 bags of fertilizers to the people of Akwa Ibom State. This intervention was in fulfillment of his promise of qualitative and effective representation to the people of Akwa Ibom North West Senatorial District He also used the flag- off ceremony to personally present the second tranche of cheques of N500,000 Naira each to 45 students of tertiary institutions on the platform of the Godswill Akpabio Scholarship Scheme. Speaking at the ceremony in Ukana, Essien Udim Local Government Area of Akwa Ibom State, Akpabio…

There was a heavy presence of soldiers on the borders of Edo State with Kogi, Delta, Ondo and Anambra states on Thursday, ahead of Saturday’s governorship election in the South-South state. In addition, about 100 operatives of the Economic and Financial Crimes Commission had also been deployed in the state to forestall incidences of vote-buying during the poll. A total of 17 political parties will be participating in the election with the All Progressives Congress candidate, Senator Monday Okpebholo, Asue Ighodalo of the Peoples Democratic Party and Olumide Akpata of the Labour Party leading contenders in the election. Detachments of…

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position that was reiterated by officials of the $20bn Lekki-based plant. The PUNCH exclusively reported on Wednesday that three major oil marketers were expecting vessels of imported petrol this week barring any unforeseen circumstances. Dealers said about 141 million litres of PMS are being conveyed to…

By Jackson Udom President of the Senate, Godswill Akpabio, has said that the Senate will tinker with the constitution to allow the supreme Court Judgement on local government autonomy to be implemented Akpabio stated this on Thursday, when he received members of the All Progressives’ Congress APC in Akwa Ibom State, who were loyal to the erstwhile Interim National Secretary of the party, Senator John James Akpanudoedehe, in Uyo. A statement issued by his Special Assistant on Media, Jackson Udom, quoted Akpabio saying, ” I thank President Bola Tinubu, for looking for a way to bring the all needed autonomy…

By: Raymond L. Daye Sep 18, 2024 Everyone’s fantasy: a rich relative you never knew about dies and leaves you several million dollars. Your first thought is, “This will change my life.” For 400 U.S. senior citizens who were conned out of $6 million over a five-year period, that statement proved to be all-to-true. This “morally reprehensible” scheme was finally concluded earlier this year when U.S. District Judge Kathleen Williams sentenced the last member of the gang, Amos Prince Okey Ezemma, to seven years and one month in federal prison for mail and wire fraud. The maximum sentence for the…

By Jimmy Fatunbi President of the Senate, Godswill Akpabio, on Wednesday further reiterated his commitment to the development and empowerment of the people of Akwa Ibom North West Senatorial District, Akwa Ibom people and the entire nation. Akpabio made the promise during the flag-off of the Akwa Ibom All Progressives’ Congress (APC) local government elections campaign at the Ikot Ekpene Township Stadium. A statement endorsed by his Special Assistant on Media, Jackson Udom quoted him as saying, ” let me once again assure you all that, I will continue to work for you, the state and Nigeria as a whole.…

The Nigerian Air Force (NAF) in Wednesday commenced the airlift of election materials for the Independent National Electoral Commission (INEC) to Benin, Edo State, ahead of the upcoming governorship election scheduled for 21 September 2024. A statement signed by Group Captain Kabiru Ali, Deputy Director, Public Relations and Information said, “This move is part of a broader effort to ensure timely and secure delivery of sensitive materials necessary for the smooth conduct of the elections. “The airlift operation demonstrates the collaboration between NAF and INEC, aimed at facilitating logistics and ensuring a peaceful election process in Edo State”. It may…

The Economic and Financial Crimes Commission has said the former governor of Kogi State, Yahaya Bello was not in its custody. The commission, in a statement on Wednesday by its spokesperson, Dele Oyewale, said that Bello remains wanted with a subsisting warrant of arrest. He said, “Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC, is incorrect. The Commission wishes to state that Bello is not in its custody. “Bello, already declared wanted by the Commission for alleged N80.2billion money laundering charges, remains…

Commissioner of Police Ishola Olanrewaju Olawale has assumed duty as the 40th Commissioner of Police at the Lagos State Command. The state Police Public Relations Officer, Benjamin Hundeyin, who confirmed this in a statement on Tuesday, noted that Olawale took over from CP Adegoke Fayoade, who had been promoted to the rank of Assistant Inspector-General of Police and had since been redeployed as the AIG Zone 2 Headquarters, Onikan, Lagos. Hundeyin stated that Olawale joined the Nigeria Police Force as a Cadet Assistant Superintendent of Police in 1992. “He holds a BSc in Geography and an MSc in Urban and…