The Nigerian Financial Intelligence Unit (NFIU) has unveiled shocking revelations regarding the financing of terrorist activities within Nigeria. According to recent reports, the Indigenous People of Biafra (IPOB), along with bandits and other terror groups, have been allegedly funding their operations through global crowdfunding and sports betting platforms. The NFIU disclosed that IPOB has been receiving funds from affiliates in 22 different countries, with at least 27 registered entities under its name. Notably, seven of these registrations were traced back to the United States, while six were identified in the United Kingdom. Furthermore, investigations revealed that over $160,000 raised through…
Author: Editor Francis
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has concluded its two-day meeting for March 2024, marking the second MPC gathering of the year and the 294th meeting of the CBN. Following deliberations, the MPC has decided to implement significant changes in monetary policy. In a notable move, the MPC has elected to increase the Monetary Policy Rate (MPR) by 200 basis points, raising it from 22.75% to 24.75%. Additionally, the Committee has adjusted the asymmetric corridor to +100bps/-300 basis points. While the MPR hike indicates a tightening stance, the MPC has opted to retain the Cash…
Travel content creator Pelumi Nubi, 28, survived a solo road trip crash from London to Lagos, as revealed in an Instagram post on her verified account. The accompanying video depicted her vehicle as severely damaged, particularly the front and windscreen. In her caption, Nubi urged followers to “say a prayer for me,” emphasising her ordeal. It was reported that Nubi’s determination to challenge the notion of impossibility, was highlighted by her ambitious route from England through France, Spain, Morocco, the West Sahara Desert, and several African countries before reaching Lagos, Nigeria. Despite facing obstacles, Nubi remained resolute, aiming to demonstrate…
In a recent press statement, the Ibadan Electricity Distribution Company (IBEDC) revealed that it has identified 1,459 cases of energy theft among its subscribers in the months of January and February 2024. Mr. Johnson Tinuoye, the Chief Key Accounts Officer of the firm, signed the statement on Tuesday, highlighting the severity of the issue. IBEDC stated that it is vigorously pursuing investigations and legal actions against individuals and businesses involved in energy theft. Collaborating with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences, IBEDC aims to combat the various offences, including metre bypass and illegal metre…
The Nigerian Army has announced that the soldiers tragically killed in the Okuama community of Delta State will be laid to rest on Wednesday, March 27, 2024, at the National Cemetery in Abuja. In a statement released via the Nigerian Army’s official handle on Tuesday, it was revealed that the burial ceremony is scheduled to commence at 3 pm. Notably, President Bola Tinubu is slated to attend the event as the Special Guest of Honour. Further updates will be provided as information becomes available.
Senegal’s President-elect, Bassirou Diomaye Faye, expressed gratitude towards outgoing President Macky Sall for facilitating a smooth election process and accepting the election results graciously. Faye, a 44-year-old tax inspector, pledged to govern with humility and prioritize national reconciliation. President Sall, despite his party’s defeat, congratulated Faye on his victory, hailing it as a triumph for Senegalese democracy. Faye attributed his victory largely to the support of his colleague and friend, opposition leader Ousmane Sonko, who, despite being barred from running, rallied significant public backing. Both Faye and Sonko, former tax inspectors turned political allies, shared a close bond, leading to…
U.S. Africa Command’s General Michael Langley presented the command’s annual posture statement to the House Armed Services Committee on March 21, accompanied by Assistant Secretary of Defense for International Security Affairs Dr. Celeste Wallander and U.S. Central Command’s General Michael Kurilla. In his address, General Langley highlighted pressing concerns such as the impact of global events like the Russian Federation’s war in Ukraine and the Houthis’ attacks in the Red Sea on millions of Africans. He emphasized the interconnected challenges of terrorism, poverty, food insecurity, climate change, and mass migration, which contribute to violent extremism and Russian exploitation across the…
In a significant move towards modernizing government operations, the Vice President of Nigeria, Sen. Kashim Shettima, inaugurated the commencement of training on the digitalization of workflow processes within the State House. The initiative, heralded as a fulfilment of President Bola Ahmed Tinubu’s commitment to fostering an efficient workforce through technology, underscores the administration’s dedication to leading by example. Representing the Vice President at the opening ceremony was Sen. Ibrahim Hadejia, the Deputy Chief of Staff to the President. Sen. Shettima emphasised the necessity of aligning government operations with contemporary realities, stating that leveraging machine learning and artificial intelligence to enhance…
In a move marking World Water Day, Ambassador Linda Thomas-Greenfield declared the United States’ commitment to bolstering global water and sanitation efforts. Emphasising the transformative potential of water beyond being a mere resource, Ambassador Thomas-Greenfield stressed its role in fostering peace and supporting various facets of human existence. Highlighting the dire situation faced by billions worldwide, particularly in conflict zones and regions severely impacted by climate change, where access to safe water remains a luxury, the Ambassador underscored the urgency for action. She warned that water insecurity could exacerbate tensions between communities and perpetuate cycles of poverty and inequality. The…
In a bid to promote U.S. technology and expertise in infrastructure development, U.S. Trade and Development Agency (USTDA), Director Enoh T. Ebong embarks on a three-day visit to Atlanta, from March 25-27. The visit aims to highlight opportunities for Georgia-based companies to participate in USTDA-funded infrastructure projects across sub-Saharan Africa. Director Ebong’s visit coincides with the Atlanta Phambili roadshow, led by U.S. Ambassador to South Africa, Reuben E. Brigety II, as part of the Prosper Africa initiative. During the roadshow, Director Ebong will emphasize USTDA’s commitment to facilitating sustainable infrastructure solutions in the region and fostering collaboration between U.S. and…
One of the gubernatorial aspirants of the All Progressives Congress in Ondo State, Dr. Paul Akintelure, has tragically passed away. Dr. Akintelure, a medical practitioner, succumbed to a brief illness in Lagos during the early hours of Tuesday. The state’s APC Publicity Secretary, Mr. Alex Kalejaiye, confirmed this sad development. Further details regarding his passing are yet to be disclosed. “It is true, I can confirm it. We would issue a statement about it shortly,” stated the APC spokesperson. Stay tuned for updates…
Former Minister of Education, Obiageli Ezekwesili, has emphasized the urgent need for Nigerian citizens to take a stand against political corruption and incompetence masquerading as leadership. In a recent statement posted on her social media platform, Ezekwesili lamented the lack of true leadership within the Nigerian political landscape. She stressed that unless citizens actively engage in demanding accountability and integrity from their leaders, the country’s trajectory is unlikely to change for the better. “Even looking ahead to the next century, from 2024 to 2100, there will be no significant change unless Nigerians prioritise their own well-being and challenge the political…