Beleaguered human rights lawyer, Dele Farotimi, has been granted bail by the Ekiti State High Court. The court granted Farotimi bail in the sum of N50 million, with a surety of the same amount on Monday morning. The court ruled that the surety must possess a landed property and adjourned the matter to January 29, 2025, for further proceedings. Farotimi was taken to court by Chief Afe Babalola, a Senior…

Operatives of the Lagos State Fire and Rescue Service have rescued a 63-year-old plumber, Akin Kuboye, alive from deep well in the Igando area of the Lagos.The Director of the fire agency, Mrs. Margaret Adeseye, confirmed this in a statement yesterday.She said that the incident occurred on Sunday at 9:54 a.m. at 20, Muyibi Adebayo Street, off Agric Road, Egan – Igando, Lagos.Adeseye said that the rescue team responded to…

A timely warning has come from the Director General of NAFDAC, Prof. Moji Adeyeye,as she warned Nigerians against the consumption of fake and adulterated drinks, especially during the Christmas and new year seasons. Adeyeye, who gave the warning when she featured at the News Agency of Nigeria (NAN) Forum in Abuja at the weekend .She said the proliferation of fake and adulterated drinks, food and drugs in the country had…

The Federal Capital Territory Internal Revenue Service (FCT-IRS), has created a dedicated unit for taxation of more than 10,000 High-Net-worth Individuals (HNIs) in the FCT.The acting Executive Chairman of the Service, Mr Michael Ango, disclosed the development in a circular made available to reporters in Abuja on Sunday.The move, according to him, is to boost Internally Generated Revenue (IGR) in the FCT.Ango explained that the unit would focus on assessment…

Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has said contrary to speculations, the tax reform effort of the President Bola Tinubuadministration seeks to stimulate economic activities and generate jobs for Nigerians.Speaking with journalists on the side-lines of the 2024 Annual Retreat of the Bankers’ Committee in Abuja over the weekend, Bagudu said Tinubu remained committed to entrenching the principle of equality in all parts of the country. He…

An economist, Mr. Johnson Chukwu, has urged the Central Bank of Nigeria (CBN) to leverage existing infrastructure and Bank Verification Numbers (BVN) to address delays in verifying bank transactions.Chukwu, the Chief Executive Officer of Cowry Asset Management Ltd., raised the concern at the annual workshop of the Capital Market Correspondents Association of Nigeria (CAMAN) in Lagos.The theme of the workshop is: “Banks’ Recapitalisation: Bridging the Gap Between Investors and Issuers…

By Ikechukwu Nwagboniwe With barely two weeks until Christmas and the subsequent new year celebrations, getting cash in Kaduna, Kano and Katsina States has now become an extremely herculean task.The results have bemoaned the obnoxious situation which was reminiscent of a similar ugly development during the 2022 yuletide season.The distrausted residents have therefore called for an urgent action by the concerned authorities in order not to hamper the forthcoming Christmas…

Gunmen suspected to be bandits have unleashed an attack on Kakin Dawa village, a district in Gidan Goga, Maradun Local Government Area, Zamfara State. NEW DAILY PRIME gathered that the hoodlums abducted over 50 women and children in the attack.According to a community member, the gunmen stormed the village at about 1:30 am on Sunday with sophisticated weapons, moving from house to house. “Everyone started running because the armed bandits…

Ostensibly to boost commercial agriculture in Ekiti State, Governor Biodun Oyebanji has disbursed N146 million as compensation to 46 landowners in Oke Ako, whose land was acquired for the state’s agribusiness initiative. In a statement on the state government’s Facebook page yesterday, it was disclosed that the initiative was part of the “Bring Back the Youth in Agriculture” scheme, involving the allocation of 4,000 hectares of land to young farmers…

Governor, Biodun Oyebanji of Ekiti State , has reaffirmed his administration’s dedication to strengthening the state’s revenue generation capacity to fund recurrent expenditures through Internally Generated Revenue (IGR), without imposing undue burdens on citizens. According to a post on the state government’s Facebook page yesterday, Oyebanji disclosed this while commissioning the newly established Ekiti State Internal Revenue Service (EKIRS) Area Tax Office in Ikole-Ekiti. He emphasised his vision of building…

Gbagada General Hospital, Lagos is currently embroiled in a heart-wrenching case of alleged medical negligence leading to the tragic death of a newborn, alongside baby swapping allegations. This development, which has sparked outrage at the decades-old hospital, has left a grieving family devastated and demanding justice. An X (formally Twitter) user, who identified herself as the baby’s aunt, shared a detailed account of the ordeal on the platform, alleging gross…

The Nigerian telecommunications sector recorded an 87% decline in foreign investments for the third quarter of 2024, marking a significant downtrend from the previous two quarters of the year. This is according to the latest capital importation data released by the National Bureau of Statistics (NBS). The NBS data shows that the sector attracted only $14.4 million in capital importation in Q3, a sharp decline from the $113.42 investments recorded…