Barely three weeks after a major bust, the National Drug Law Enforcement Agency (NDLEA) has intercepted another significant shipment of codeine syrup at the Onne Ports in Rivers State. This latest seizure involved seven containers carrying 1,229,400 bottles of codeine-based cough syrup, valued at over N9.8 billion. The operation, which took place on July 18,…
The Supreme Court’s landmark verdict on local government autonomy has reignited discussions on the necessity of the Independent National Electoral Commission (INEC) overseeing local council elections. The ruling, delivered on July 11, 2024, declared unconstitutional the state governments’ refusal to grant financial autonomy to local governments and the arbitrary removal of elected council chairmen. This…
The Central Bank of Nigeria (CBN) has released updated guidelines on the management of dormant accounts, unclaimed balances, and other financial assets. This revision follows the review of the October 2015 guidelines and aligns with Section 72 of the Banks and Other Financial Institutions Act (BOFIA) 2020. The updated guidelines aim to standardize the management…
Governor Fayose Fraud Trial: The Economic and Financial Crimes Commission (EFCC) continues its prosecution of former Ekiti State Governor, Ayodele Fayose, and his company, Spotless Investment Limited, in a high-profile fraud case. The defendants face an 11-count charge of money laundering and stealing, involving a substantial sum of N6.9 billion. The case, which began on…
The Honourable Commissioner for Justice and Attorney General of Ondo State, Dr. Kayode Ajulo SAN, made a significant move towards justice reform. Accompanied by the Chief Judge of Ondo State, Hon. Justice Ayedun Odusola, and other key stakeholders, Dr. Ajulo visited multiple Correctional Centers across the state, leading to the release of 57 inmates. This…
Senator Ali Ndume has spoken out after being removed from his position as Senate Chief Whip. In a statement at his country home in Maiduguri on Friday, Ali Ndume asserted that he did nothing wrong and fully supports the remarks he made in the interview that led to his dismissal. Ali Ndume’s removal came after…
Tony Okocha, a prominent figure in Nigerian politics, has urged the National Assembly (NASS) to remove the conduct of local government (LG) elections from the hands of the State Independent Electoral Commission (SIEC). Tony Okocha’s plea is based on his belief that the current system is prone to manipulation and fraud. He alleged that election…
Philips Shaibu, the reinstated Deputy Governor of Edo State, has set the record straight on his political affiliation. In a recent interview on Arise TV’s morning show, Philips Shaibu revealed that he has been an unofficial member of the All Progressives Congress (APC) for some time. He explained that his formal exit from the Peoples…
The members of the Nigerian House of Representatives have unanimously voted to reduce their salaries by half for a period of six months. This decision, taken as a gesture of solidarity with the Nigerian populace, aims to address the pressing economic challenges and food insecurity faced by the nation. The lawmakers, who currently earn a…
The Central Bank of Nigeria (CBN) has given the green light for the sale of $20,000 to every Bureau de Change (BDC) in the country. This move is aimed at increasing foreign exchange liquidity in the market and reducing the pressure on the naira. The CBN has fixed the exchange rate at N1,450 per US…
