Author: Alade Adisa

The Bank of Industry (BOI) has announced that it has disbursed N22.89 billion of the N75 billion manufacturing sector intervention fund to 29 manufacturers.Its Managing Director, Dr Olasupo Olusi, made this known on Monday at the first BOI interactive session with the Organised Private Sector (OPS) in Abuja, which was monitored virtually.Olusi said that out of the N75 billion manufacturing sector fund, other 20 projects valued at N6.3 billion were at different stages of disbursement.He said that the interactive session was a collaborative milestone, a reflection of shared vision to create a thriving industrial sector.According to him, it is also…

Senior Advocate of Nigeria (SAN) Babatunde Ogala has dismissed allegations that legal luminary Chief Afe Babalola is being used to target activist and lawyer Dele Farotimi for his anti-Tinubu stance during the 2023 general elections.Speaking on the matter during an interview with ARISE NEWS on Tuesday, Ogala described the claims as “ridiculous and insulting” to the 95-year-old Babalola, a revered figure in Nigeria’s legal and educational circles.Afe Babalola, at 95, being used by whom; to achieve what? I think it’s ridiculous for those who say such. That is most ridiculous and insulting on Chief Afe Babalola, a revered icon, a…

A Federal Capital Territory (FCT) High Court sitting at Maitama, on Tuesday, denied bail to Yahaya Bello, the immediate past governor of Kogi State. The former governor has been in detention since November 25. In a ruling delivered by Justice Maryann Anenih, the court described as premature and incompetent, the application the former governor filed to be released on bail, pending the determination of the charge against him. The court noted that Bello filed the bail application even before he surrendered himself to the Economic and Financial Crimes Commission (EFCC.) Justice Anenih, who stressed that a bail application is filed…

Henceforth, any airline that delays tickets refund to passengers will face severe sanctions, the Nigerian Civil Aviation Authority (NCAA) has warned. NCAA conveyed this warning in a statement by its Director of Public Affairs and Consumer Protection, Mr Michael Achimugu in Abuja on Tuesday. Achimugu said tickets refund compliance regulations remains central to the NCAA’s consumer protection agenda. He said the time had come for airlines adhere strictly to the refund timelines as failure to comply will attract immediate sanctions under Part 19 of the regulations.The director said the Part 19 of the NCAA Regulations 2023 aimed to safeguard passenger…

1,500 defectors from the Peoples Democratic Party (PDP), All Progressive Grand Alliance (APGA) and Young Progressive Party (YPP) have been received into the All Progressives Congress (APC) by a member of the House of Representatives, Aminu Jaji, (APC-Zamfara). Jaji, who is the Chairman of the House Committee on Ecological Fund, represents Birnin Magaji/Kaura Namoda Federal Constituency. A statement issued in Gusau on Monday by the lawmaker’s Media Assistant, Jamilu Iliyasu said the defectors included the leaders and supporters of PDP, APGA, YPP and other political parties in the state. Jaji, represented by the State Chairman, APC Jajiyyaa Group, Alhaji Isiyaka…

The Bank of Industry (BOI) has announced that it has disbursed N22.89 billion of the N75 billion manufacturing sector intervention fund to 29 manufacturers. Its Managing Director, Dr Olasupo Olusi, made this known on Monday at the first BOI interactive session with the Organised Private Sector (OPS) in Abuja, which was monitored virtually. Olusi said that out of the N75 billion manufacturing sector fund, other 20 projects valued at N6.3 billion were at different stages of disbursement. He said that the interactive session was a collaborative milestone, a reflection of shared vision to create a thriving industrial sector. According to…

Not less than 14 people were feared killed in an auto accident along Tage Bridge in the Kafin Hausa Local Government Area of Jigawa State. According to eyewitnesses, the accident, which occurred on Monday when a vehicle conveying passengers somersaulted and plunged into the river. One of the sources said the accident was gruesome, with many bodies littered around the scene. Confirming the accident on Monday through its Public Relations Officer, DSP Shi’isu Adam, the state police command revealed that the driver of the vehicle survived the accident and is currently assisting the police with investigations to ascertain the cause…

The National Information Technology Development Agency (NITDA) has warned against a new version of banking malware, Grandoreiro, that is targeting bank users globally. According to the agency, the banking Trojan is primarily distributed through phishing emails and fake websites. NITDA issued the warning on Monday via a statement seen by NEW DAILY PRIME. NITDA said, “A new version of the banking malware, Grandoreiro has emerged, targeting users globally. This banking Trojan is primarily distributed through phishing emails and fake websites. It tricks victims into downloading malware disguised as legitimate software updates or documents. “Grandoreiro uses advanced techniques, including screen overlay…

Chief Ezekiel Nwifuru Nwankpu, father of Governor Francis Nwifuru of Ebonyi State, has been crowned the traditional ruler of Oferekpe Agbaja Autonomous Community in Izzi Local Government Area of Ebonyi State. Ezeogo Nwankpu, renowned for his extensive household, married 30 wives, although some who were unable to bear children eventually left. Currently, he lives with 17 wives and has fathered 108 children. The newly crowned king is a respected farmer and patriarch. Among his children, 21 have graduated from higher institutions, including Governor Nwifuru, who is one of the children from his fourth wife. The traditional ruler’s coronation has drawn…

Former presidential candidate of the Labour Party (LP), Peter Obi, on Monday, met with senior lawyer, Chief Afe Babalola, SAN, in Ado-Ekiti, Ekiti State. The former governor of Anambra State had pleaded with Babalola to have mercy and consider the “situation” of human rights lawyer, Dele Farotimi, who is at the Ekiti prison. The legal luminary has come under intense criticisms since he petitioned the Nigerian police to arrest Farotimi, with Nigerians locally and in the diaspora already set for a mega protest to force the release of the detained activist cum lawyer. Obi, who came from Lagos to Ekiti…