Author: Alade Adisa

The Federal Government has declared that the Central Bank of Nigeria (CBN) misappropriated N2.73 trillion in interest payments from Ways and Means advances, in recent years. This development raises serious concerns over irregularities in managing government funds. The allegation was disclosed in the consolidated financial statement of the Federal Government for the year ended December 31, 2021, submitted to the National Assembly by the Auditor-General, Shaakaar Chira, with reference number AuGF/AR.2021/01 and dated July 31, 2024. The Ways and Means facility, a temporary loan mechanism provided by the CBN to the government to finance budget deficits, is at the centre…

The Federal Government has spent the sum of N1.4 billion to rehabilitate repentant terrorists and establish terrorism trial centres since mid-2023. After former President Muhammadu Buhari gave assent to the Terrorism (Prevention and Prohibition) Bill on May 12, 2022, the National Counter-Terrorism Centre (NCTC) was established. The government announced plans to build two disarmament, deradicalisation, rehabilitation, and reintegration centres for former Boko Haram members and other terrorist factions in December 2022. Rear Admiral Yem Musa (retd.), the coordinator of the NCTC, confirmed to the House of Representatives Committee on National Security and Intelligence that N2.4bn would be allocated to these…

Following Federal Government’s implementation of key reforms, including removing fuel subsidies and introducing comprehensive tax policies, the World Bank has disbursed a $1.5bn loan to Nigeria. Per PUNCH, the loan, part of the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative, is among the fastest disbursements Nigeria has received with both tranches released in less than six months. A World Bank document seen by NEW DAILY PRIME on Sunday, stated that the loan was approved on June 13, 2024, with the first tranche of $750m disbursed on July 2, 2024. The second tranche, tied to the fulfilment…

By Emmanuel Nwagboniwe After a protracted battle with cancer, the sun set yesterday for one of the world’s most impactful leaders in recent history, Jimmy Carter, the 39th president of the United States(U.S) ,as he passed at the ripe age of 100 years Carter’s demise was announced Sunday by the Atlanta Journal-Constitution.His death is coming about six weeks after the passing of his wife Rosalynn on Nov. 19, 2023 at the age of 96 years The late former president himself had entered hospice care in February 2023. Carter survived for years after he had a “small mass” removed from his…

…Shares a special night with Georgina and Cristiano Jr…Named best player in the Middle East ·WHAT HAPPENED? Ronaldo was awarded the Best Middle East Player award at the Globe Soccer Awards and was also given a honorary award to celebrate him becoming the highest official goalscorer of all time. The five-time Ballon d’Or winner made a number of comments during the awards gala taking on the authenticity of the prize given to the best player in the world and also claiming that the Saudi Pro League was better than Ligue 1. ·WHAT RONALDO POSTED Ronaldo made his way to the…

Pep Guardiola says Manchester City “need help” during the January transfer window after admitting his side have “no chance” of winning the Premier League title this season. The City boss celebrated 500 games in charge of the club with a nervy 2-0 win over Leicester on Sunday. City’s victory – just their second in their last 10 Premier League games – lifts them up to fifth, but they are 14 points behind leaders Liverpool. “We are far away from winning the Premier League,” Guardiola told BBC’s Match of the Day. “We accept there’s already no chance of that but we…

Former presidential aide, Reno Omokri has expressed confidence in President Bola Tinubu’s chances of securing a second term in the 2027 general elections. In a video posted on his official X account, Omokri lauded Tinubu’s exceptional emotional intelligence and strategic approach to building relationships, even with adversaries. “President Tinubu is a highly emotionally intelligent individual who is strategic in his dealings with people. He has a unique ability to turn even his enemies into friends,” Omokri stated. He said, “A lot of people have enemies, and they maintain that enmity, they nurse that grudge, they keep up that vibe, that…

Russia is deploying “human waves” of North Korean soldiers, the U.S. said Friday, and at least one soldier captured by Ukraine died of his injuries. According to White House National Security Council spokesperson John Kirby, some North Korean soldiers have taken their own lives rather than surrendering to Ukrainian forces. These suicides, he said, were “likely out of fear of reprisal against their families in North Korea in the event that they’re captured.” South Korea’s National Intelligence Service had confirmed on Friday that the North Korean soldier captured the previous day had died. Ukrainian President, Volodymyr Zelenskyy said in a…

The Lagos State Government has approached the Supreme Court in its bid to overturn the judgment of the Court of Appeal which quashed the conviction of Femi Olaleye, the Managing Director Optimal Cancer Care Foundation, on a two-count charge of defilement of a child and sexual assault by penetration The notice of appeal, which was filed on December 27, 2024, was sighted by NEW DAILY PRIME. The notice which was filed the Lagos State Director of Public Prosecutions, (DPP), Dr. Babajide Martins, another Director in the Ministry of Justice, Mr Adebayo Haroun, and Deputy Director, Mr Babajide Boye alongside 3…

The Nasarawa State Police Command says its operatives stormed stormed a kidnappers’ hideout in the state and rescued three victims. In a statement by its Public Relations Officer, Rahman Nansel, the Command said the rescued victims were Abdulsalam Shuaibu, Sani Shaibu, and Blessing Okorie. Nansel said police operatives from the Gitata Division in Karu Local Government Area swung into action after getting the information that a Volkswagen Sharon vehicle with three occupants was attacked along the Kaduna-Keffi highway. He said, “Upon receipt of the information, the Divisional Police Officer, SP Zaks Wambai, swiftly mobilized his team to the scene and…