Olam Nigeria Limited, a prominent company in the country, has reportedly paid a substantial bail bond of N1 billion to secure the release of one of its directors, Prakash Kanth, who was embroiled in a $50 billion foreign exchange (FX) fraud case. The payment was made into a special recovery account operated by the State Security Service (SSS), marking a significant development in the ongoing investigation. It has been disclosed that other high-ranking executives of the company have fled the country following the arrest of Godwin Emefiele, the Governor of the Central Bank of Nigeria, and others allegedly involved in…
Author: Editor Francis
The Federal Government has partnered with The Micro Small and Medium Enterprises (MSME), to create more jobs for Nigerians. MSME will execute various MSME-focused interventions, targeting 1.3 million beneficiaries across 17 States and the FCT. According to the press statement by the Federal Ministry Of Information and National Oreintation signed by Olusola Abiola, Director, Information Office of the Vice President, the MSME and Job Creation Unit of the Vice President’s Office, which is coordinating the interventions, has disclosed that the interventions are geared towards ensuring the realisation of the Tinubu administration’s commitment to job creation and economic diversification, with the…
An accident involving an upturned loaded truck has brought traffic to a standstill on Otedola Bridge, Ojodu Berger, Lagos State. The incident occurred on Tuesday and has led to significant congestion for commuters travelling towards Lagos/Ibadan Expressway and Ojodu Berger, exacerbated by flooding on the bridge. In response to the situation, the Lagos State Traffic Management Authority (LASTMA), has initiated efforts to clear the roadway by removing the overturned truck. Commuters are advised to exercise caution, seek alternative routes if possible, and stay updated on the situation for further developments. Your safety is our priority. “A fatal accident involving an…
Alexander Akolo, a researcher and consultant, has explained the reasons why, in Nigeria’s quest for sustainable and environmentally friendly transportation options, Compressed Natural Gas Vehicles (CNGVs), have emerged as a promising alternative to conventional fossil fuel-powered vehicles. Akolo listed several challenges that have hindered their widespread adoption in the country. Engine Knockdown Woes: One of the primary setbacks facing CNGVs in Nigeria is the high rate of engine knockdown experienced by early adopters. Many have been forced to revert to conventional fuels or even abandon their vehicles altogether due to this issue. Retrofitting vehicles for CNG use has, in some…
Festus Keyamo, the Minister of Aviation and Aerospace Development, has lauded President Bola Tinubu for his instrumental role in resolving the diplomatic standoff between Nigeria and the United Arab Emirates (UAE). The conflict stemmed from a series of events, including the UAE’s General Civil Aviation Authority (GCAA) initially approving three weekly flights from Nigeria to Sharjah Airport, with a single flight allotted to Air Peace. In response to perceived mistreatment of Air Peace, the Nigerian government reduced the Emirates’ approved slots from 21 to just one, prompting the Dubai-based airline to suspend all flights to Nigeria. In October 2022, the…
Governor Babagana Umara Zulum of Borno State unveiled a brand-new fleet comprising 70 buses on Monday evening. This move is part of an initiative aimed at enhancing metro transportation and simplifying the daily commute for civil servants to their respective workplaces. The introduction of this bus fleet is expected to alleviate the transportation challenges faced by both government employees and the wider public. Governor Zulum also inaugurated newly constructed structures and refurbished buildings at the terminus, marking a significant step forward in the state’s transportation infrastructure.
Nigeria’s first indigenous chartered accountant, Akintola Williams, has passed away at the age of 104. Mr. Williams, who celebrated his 104th birthday on August 9th, was a trailblazer in Nigeria’s accounting profession and made significant contributions to the development of the country’s financial sector. Born in 1919, Akintola Williams earned a degree in commerce with a focus on banking and finance from the University of London in 1946. In 1949, he achieved a historic milestone by becoming the first individual from sub-Saharan Africa to attain the status of a chartered accountant after successfully passing the qualifying examination of the Institute…
The United States has expressed profound sadness and offered condolences to Morocco following the devastating earthquake that struck the nation. The earthquake resulted in loss of life and extensive destruction, prompting the U.S. to convey its sympathies to the affected families. The United States has also pledged its readiness to provide any necessary assistance as Morocco addresses the aftermath of this tragedy. During this difficult time, the thoughts of the U.S. are with the Moroccan people, and unwavering support and solidarity are being extended to Moroccan partners. Meanwhile, Secretary of State Antony J. Blinken engaged in a conversation with Moroccan…
President Bola Tinubu actively courted leaders from pivotal partner nations to encourage investments in Nigeria during his engagements at the G20 summit. According to a statement from Ajuri Ngelale, the president’s spokesperson, Tinubu held meetings with leaders from Germany, South Korea, and India on the sidelines of the summit. Tinubu’s early arrival in New Delhi for the G20 summit marked him as the first head of state to attend, responding to the invitation extended to Nigeria by Indian Prime Minister Narendra Modi. Notably, Modi also extended an invitation to the African Union (AU), officially welcoming them into the circle of…
Taiwo Oyedele, Chairman, Presidential Fiscal Policy and Tax Reform, has revealed frequently asked questions about fiscal policy and Tax reform introduced by President Bola Ahmed Tinubu. Since April , Taiwo has been in the news advocating for transparent ways that taxpayer funds can be used and how tax payments can be retrieved using the NIN number. GOVIMA monitored Taiwo’s post on Likendin, saw Taiwo post 10 frequently asked questions about this new initiative.He said, “We have curated the 10 most frequently asked questions about the Presidential Fiscal Policy and Tax Reforms Committee. I am glad to say that we are…
Policies are not the same as politics. To build a sustainable Nigerian-society, it is pertinent for the governor or president to put politics behind them after being sworn into office. Developing countries that many run to are the best not through politics but through policies. Good governance is known through these initiatives. On 18 and 19, President Tinubu Introduced his list of ministers and their offices with the intention of assisting the Presidency in formulating policies. Projecting One of President Tinubu’s policies, Honourable Minister of Foreign Affairs (HMFA), H.E. Yusuf Maitama Tuggar, GOVIMA lays hands on the piece, which was…
In a diplomatic mission to resolve the ongoing dispute between Nigeria and the United Arab Emirates (UAE) over visa bans, President Bola Tinubu departed New Delhi, India, on Sunday morning for Abu Dhabi. His visit aims to engage the President of the UAE and other high-ranking government officials in discussions surrounding the protracted issue. The UAE implemented a ban on Nigerian travellers in October of the previous year, citing numerous incidents of violent crimes allegedly involving Nigerian nationals as a key factor. Additionally, this visa restriction has been linked to a substantial sum of over $300 million held by Emirates…