Author: Alade Adisa

Governor Babajide Sanwo-Olu of Lagos State has initiated legal proceedings against the Economic and Financial Crimes Commission (EFCC) over allegations of threats regarding his arrest, detention, and prosecution following the conclusion of his gubernatorial tenure.According to NAN, the governor, represented by his attorney Darlington Ozurumba, filed a fundamental right enforcement suit before Justice Joyce Abdulmalik at the Federal High Court in Abuja.Ozurumba informed the judge during the court session on Tuesday, that he had withdrawn the previous originating summons and replaced it with a new one.The counsel stated that the EFCC had been properly served with the updated court documents.However,…

Olufemi Soneye, the spokesperson of Nigerian National Petroleum Company Limited (NNPCL), has said he is not aware of any fresh Premium Motor Spirit (petrol) pump price increase across its retail outlets.According to the Daily Post, Soneye said in an interview on Tuesday, “There is no increase in gasoline price that I am aware of. “Soneye’s comment comes amid speculation that NNPCL had increased fuel pump from N1,030 per litre to N1060 in Abuja.In the same vein, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said NNPCL’s ex-depot price has not changed.He said, “For us independent marketers,…

A former aide to ex-President Goodluck Jonathan, Reno Omokri has commended President Bola Tinubu for running an inclusive government that will enhance the country’s unity and stability.In a statement yesterday, Omokri said some people’s claims that the president’s appointments are lopsided are untrue, as the appointments reflect the federal character principles enshrined in the 1999 Constitution as amended.Some weeks ago, the Northern Elders Forum (NEF), and former Vice President Atiku Abubakar criticised the president’s recent appointments as lopsided.Omokri, however, dismissed the claim as untrue, noting that available records showed Tinubu’s appointments complied with the constitutional provisions on federal character.His statement…

The World Bank has advised the Central Bank of Nigeria (CBN) to refrain from intervening in the foreign exchange market through forex auctions. The Bretton Woods Institution also advised the CBN to continuously reaffirm the commitment to exchange rate flexibility by adopting a comprehensive, systematic, and transparent framework for foreign exchange interventions. The World Bank policy advisory was included in the Nigeria Development Update, offering recommendations to stabilize the naira against foreign currencies. The CBN had auctioned $876.26m to end users via a retail Dutch auction on August 26, 2024, a major move away from its traditional sales of foreign…

A court in Belgium sentenced more than 100 people in a mass drugs trafficking trial on Tuesday which authorities hailed as a major victory in the battle against drug gangs. Per Reuters, Belgium has been on the front line in Europe’s war against drugs. Officials have said more than 100 of Europe’s most dangerous criminal networks operate in Belgium, with drug gangs blamed for a rise in street shootings in Brussels. The convictions resulted from the earlier takedown by law enforcement authorities of the Sky ECC encrypted messaging service that had been widely used by drugs traffickers. “More than 100…

The Osun State chapter of the All Progressives Congress (APC) has suspended former Minister of Interior, Rauf Aregbesola over what it called alleged anti-party activities.The party leaders claimed that the former governor’s influence within certain factions has deepened internal divisions, creating a rift within the party.In a formal resolution submitted to APC National Chairman Dr. Umar Ganduje, Osun APC leaders, including Chairman, Tajudeen Lawal and Secretary Kamar Olabisi, accused Aregbesola of establishing a splinter faction, which they believe has led to discord.The document, titled “Resolution Suspending Rauf Aregbesola for Anti-Party Activities and Constituting a Disciplinary Committee,” was dated October 22…

Repentant Niger Delta militant leader, Asari Dokubo has credited President Bola Tinubu with saving him from the “fury” of former President Olusegun Obasanjo.Speaking on Arise TV programme on Tuesday, Dokubo recounted how Tinubu’s support shielded him during a period he described as being “buried alive” under Obasanjo’s administration.Dokubo highlighted his longstanding connection with Tinubu, dating back to Nigeria’s military era.“My relationship with Tinubu was very robust,” he said, explaining that he initially benefited from this bond without being able to reciprocate until Tinubu ran for the presidency.“His coming out for the presidency was the only time I was able to…

Governor Biodun Oyebanji of Ekiti State has presented the 2025 Appropriation Bill and budget estimate of N376 billion to the Ekiti State House of Assembly.Oyebanji, while presenting the budget estimates of N375,790,077,618.15 to the lawmakers at the state assembly in Ado-Ekiti on Tuesday, said the budget tagged: “Budget of Sustainable Impact,” has capital expenditure of N183,463,507,129.54, representing 49 percent of the total budget while the re-current expenditure has N192,326,570,488.61, representing 59 percent of the budget.He said the budget would focus on food security, wealth creation and welfare of the people.Oyebanji pointed out that the objectives of the budget was to…

President Bola Tinubu has met wth the Implementation Committee on Crude Oil and Refined Products Sales in Local Currency. According to reports, the meeting started a few hours ago and was held at the Aso Rock Presidential Villa in Abuja. The meeting aims to solidify the recent policy shift allowing the sale of crude oil to the Dangote Refinery in naira instead of U.S. dollars, reported. Key figures in attendance were the Minister of Finance, Mr. Wale Edun, who chairs the committee, leads a small delegation that includes Aliko Dangote, Chairman of Dangote Group, and Mr. Mele Kyari, Group CEO…

An Israeli strike on a five-story building where displaced Palestinians were sheltering in the northern Gaza Strip killed at least 60 people early Tuesday, more than half of them women and children, Gaza’s Health Ministry said.In a separate development, Lebanon’s militant group Hezbollah said it has chosen Sheikh Naim Kassem to succeed longtime leader Hassan Nasrallah, who was killed in an Israeli airstrike last month. Hezbollah vowed to continue with Nasrallah’s policies “until victory is achieved.”Washington Times reports Israel also faced backlash from aid groups after its parliament passed legislation that could severely restrict the ability of the U.N. agency…