Month: February 2024

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  • SERAP Sues Wike, Governors, Over Failure To Account For N40 Trillion LGA Allocations

    SERAP

    Socio-Economic Rights and Accountability Project (SERAP) has initiated legal proceedings against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr. Nyesom Wike, “due to their failure to provide an account for the purported missing N40 trillion federal allocations designated for local governments in the states and the FCT.”

    The suit followed the damning revelations by former President Muhammadu Buhari who in December 2022 stated that “If the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman but he will sign that he received N100 million. The chairman will pocket the balance and share it.”

    In the suit number FHC/ABJ/CS/231/2024 filed last Friday at the Federal High Court, Abuja, SERAP is asking the court to “direct and compel the governors to publish details of LGA allocations and actual disbursement of the allocations to local governments in their respective states from 1999 to date.”

    SERAP is also asking the court to “compel and direct Mr Wike to publish details of federal allocations meant for the Area Councils in the FCT and the actual disbursement of the allocations to the Area Councils in the FCT from 1999 to date.”

    In the suit, SERAP is arguing that, “The Nigerian Constitution 1999 [as amended], the Freedom of Information Act, and the African Charter on Human and Peoples’ Rights impose transparency obligations on the governors and Mr Wike to publish the details of LGA allocations and actual disbursement in their states and the FCT.”

    SERAP is arguing that, “State governors and Mr Wike cannot hide under the excuse that the Freedom of Information Act is not applicable to their states and the FCT. The legal obligations to publish the information sought are also imposed by the provisions of the Nigerian Constitution and the African Charter on Human and Peoples’ Rights.”

    According to SERAP, “It is in the public interest and the interest of justice to grant this application. Nigerians are entitled to their constitutionally and internationally recognized human right to information.”

    SERAP is also arguing that, “Transparency in the actual disbursement and spending of federal allocations meant for local governments is fundamental to increase accountability, prevent corruption, and build trust in democratic institutions, and strengthen the rule of law.”

    SERAP also said, “States and the FCT should be guided by transparency and accountability principles and proactively publish information pertaining to their actual disbursement and spending of federal allocations meant for local governments.”

    The suit filed on behalf of SERAP by its lawyers Kolawole Oluwadare, Kehinde Oyewumi and Andrew Nwankwo, read in part: “Opacity in the amounts of federal allocations actually disbursed to local governments in the states and FCT has continued to have negative impacts on the fundamental interests of the citizens.”

    “The constitutional principle of democracy provides a foundation for Nigerians’ right to know details of spending of public funds. Citizens’ right to know promotes openness, transparency, and accountability that is in turn crucial for the country’s democratic order.”

    “The Nigerian Constitution, Freedom of Information Act, and the country’s international obligations rest on the principle that citizens should have access to information regarding their government’s activities.”

    “Implicit in the freedom of expression is the public’s right to know what governments are doing on their behalf, without which truth would languish and people’s participation in government would remain fragmented.”

    “Transparency would ensure that the allocations are not diverted into private pockets, and increase public trust that the money would be used to benefit Nigerians resident in these local government areas.”

    “Many years of allegations of corruption and mismanagement of federal allocations meant for local governments have contributed to widespread poverty, underdevelopment and lack of access to public goods and services in several states.”

    “Granting the reliefs sought would ensure transparency and accountability in the actual disbursement and spending of federal allocations in the states and FCT would also improve the enjoyment by Nigerians of their right to natural wealth and resources.”

    “The governors and Mr Wike have a legal responsibility to promote transparency and accountability in the actual disbursement and spending of federal allocations meant for local government areas in the states and FCT and to ensure that the allocations are dully and fully disbursed to the local governments.”

    “Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the culture of impunity of perpetrators.”

    “Combating the corruption epidemic in the spending of federal allocations meant for local government areas in the states and FCT would alleviate poverty, improve access of Nigerians to basic public goods, and enhance the ability of the local governments to effectively and efficiently discharge their constitutional and statutory responsibilities.”

    “According to our information, the 36 states in Nigeria and the federal capital territory, Abuja, have collected over N40 trillion federal allocations meant for the 774 local governments areas in the country and FCT.”

    “The Federation Account Allocation Committee (FAAC) disbursed to states N225.21 billion federal allocations meant for local governments in November 2023 alone. States also collected N258,810,449,711.47 federal allocations meant for local government areas in December 2023.”

    “However, there is opacity in the actual disbursement of federal allocations to the local government areas in the states and FCT. States and the FCT have over the years failed and/or refused to disclose the portion of federal allocations that are disbursed to local governments.”

    “Former president Muhammadu Buhari recently alleged that state governors routinely pocket or divert federal allocations meant for local governments areas in their states.”

    “According to Buhari, ‘If the money from the Federation Account to the State is about N100 million, N50 million will be sent to the chairman but he will sign that he received N100 million. The chairman will pocket the balance and share it with whoever he wants to share it with.’”

    “Section 162(6) of Nigerian Constitution 1999 (as amended) provides that each state shall maintain a ‘State Joint Local Government Account’ into which all allocations to local government councils from the Federation Account and from the Government of the State shall be paid.”

    “Section 162(5) makes it mandatory that amounts standing to the credit of the councils will be allocated to the States for the benefit of their local government councils.”

    “Section 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power. Section 16(2) further provides that, ‘the material resources of the nation are harnessed and distributed as best as possible to serve the common good.’”

  • Nigeria’s Northern Senators Urge Niger Military Junta To Begin Democratic Process

    Nigeria’s Northern Senators Urge Niger Military Junta To Begin Democratic Process

    Following the lifting of sanctions imposed on Niger Republic and others by the Economic Community of West African States, ECOWAS, the Northern Senators Forum, NSF, has asked the government and people of the country to seize the opportunity to hasten the process of returning to democratic governance.

    This, according to the Senators, is to build a stronger and more prosperous nation, harnessing their resilient spirit and unwavering determination.

    ECOWAS, on Saturday, lifted economic sanctions on Niger, Mali, and Burkina Faso with immediate effect after hours of deliberation by the Authority of Heads of State and Government at an extraordinary summit on the political, peace, and security situation in the region at the State House, Abuja.

    In a statement signed by the NSF spokesperson, Senator Suleiman Kawu Sumaila (NNPP Kano South), they expressed appreciation to the leaders of ECOWAS led by President Bola Tinubu for their decisive action in lifting the sanctions imposed on Niger Republic as a result of the military takeover on July 26, 2023.

    The lawmakers commended ECOWAS for responding to “the progressive requests” made by them individually and collectively on the subject matter, noting that the decision made by the body was a testament to its commitment to regional solidarity, cooperation, and respect for human rights.

    “We are confident that this decision will leave an indelible mark on the collective consciousness of all West African nations and serve as a shining example for resolving differences through dialogue and diplomacy,” they stated.

    They, therefore, urged all regional stakeholders to continue engaging in dialogue and pursuing peaceful solutions to address any remaining concerns, fostering a harmonious environment for progress and development.

    “We understand that this action will go a long way in alleviating the suffering of the people of Niger Republic, as well as ensuring the restoration of stability and economic prosperity in our region.

    “We are particularly grateful that ECOWAS leaders have considered our pleas to restore electricity, open borders, and lift the sanctions on Niger Republic. These measures will not only have crucial humanitarian implications but will also foster regional integration, trade, and cooperation.

    “We firmly believe that this step taken by ECOWAS will positively impact the lives of the people of Niger Republic and Nigeria and facilitate the restoration of trust and harmony among all member states.

    “As representatives of the people and advocates for justice and democracy, we commend ECOWAS for their responsiveness and understanding of the immense challenges faced by our fellow West African nation.

    “The Northern Senators Forum stands in solidarity with ECOWAS in restoring democracy and the rule of law in Niger Republic and other West African countries, and we are committed to working to promote stability, peace, and socioeconomic development throughout the region,” the statement added.

  • Customs Rice: APC Mourns Member, Others Who Died In Stampede

    Comfort Adebanjo

    The All Progressives Congress has officially acknowledged the demise of one of its members, Comfort Adebanjo, and six others who sought to buy confiscated rice being sold by the Nigeria Customs Service as a measure to alleviate the economic challenges in the country.

    The ruling party made the confirmation on Saturday in an obituary message released to mourn the late party member and the other Nigerians.

    The PUNCH reports that customs says it has concluded plans to commence the direct distribution of seized food items to Nigerians due to the demonstration against the soaring cost of living in the country.

    The National Public Relations Officer of the service, Abdullahi Maiwada disclosed this in a statement on Tuesday.

    Maiwada said that the move was in response to the critical challenges of food security and the soaring cost of essential food items in the country.

    He added that the items must be certified fit for consumption before they could be distributed to Nigerians.

    However, there was a stampede on Friday, which led to the death of seven persons.

    The Coordinator of FKL Ward E1, Lagos State of the APC, Oluwafemi Fadahunsi, and Secretary, Comrade Adebari Adewale, confirmed that Adebanjo was one of the seven persons who died during the stampede.

    In the obituary released on Saturday, the party wrote, “It is with heavy hearts and regret we announce the painful death of one of our members in FKL WARD E1, Mrs Adebanjo Comfort Funmilayo of house number 104, Ibidun street by AKINHANMI street, Ojuelegba.

    “She was among the 7 victims who died in the course of buying custom rice at Yaba.

    “May God grant all the members of her family and all the residents of WARD E1 the fortitude to bear the irreplaceable loss.”

  • Fire razes FCT Minister of State’s residence, No Salvage as Firefighters Grapple with Response Delay

    Fire razes FCT Minister of State’s residence, No Salvage as Firefighters Grapple with Response Delay

    Blaze Engulfs FCT Minister of State’s Residence – No Salvage as Firefighters Grapple with Response Delay

    In a dramatic turn of events, the private residence of the Minister of State for the Federal Capital Territory (FCT), Mariya Mahmoud, succumbed to an intense fire on a fateful Sunday afternoon. The blaze left nothing untouched at No. 9, Justice Roseline Ukeji Close, Asokoro, as firefighters struggled to mount a swift response.

    Details emerging from the scene indicate a distressing scenario, with the residence being completely razed by the unrelenting flames. Despite the valiant efforts of firefighters, their response was reportedly sluggish, allowing the fire to consume the property unabated.

    As of now, no official statement has been released by the Media aide to the Minister, Mr. Austine Elemue. However, upon contacting him, Elemue confirmed the incident while disclosing that an investigation into the cause of the fire outbreak is currently underway.

    Read Also : Red Alert in Nigeria’s Presidential Guards Brigade Amidst Coup Suspicions, See Details

    The cause of the fire remains shrouded in mystery, adding an element of perplexity to the unfolding situation. Security operatives and firefighters have converged on the scene, attempting to bring the situation under control.

    The absence of an official statement has left the public in suspense, eagerly awaiting updates on the Minister’s residence inferno. The incident adds another layer of complexity as authorities delve into the investigation, seeking to unravel the circumstances leading to the destructive fire.

    Stay tuned for further developments as security operatives and firefighters work tirelessly at the scene, grappling with the aftermath of the intense blaze.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • Red Alert in Nigeria’s Presidential Guards Brigade Amidst Coup Suspicions, See Details

    Red Alert in Nigeria’s Presidential Guards Brigade Amidst Coup Suspicions, See Details

    Presidential Guards Brigade Placed On High Alert Over Suspicions Of Coup Plot In Nigeria; Key Brigades Under Watch As Commander Holds Emergency Meetings With Tinubu, Gbajabiamila. 

     

    In an exclusive revelation, SaharaReporters discloses that the Presidential Guards Brigade has been placed on high alert due to suspicious activities hinting at a possible coup plot in Nigeria.

    Read Also: Nigeria’s Northern Senators Urge Niger Military Junta To Begin Democratic Process

    Unusual movements have triggered concerns, leading to emergency meetings involving key figures like Col. Adebisi Onasanya, the Commander of the Presidential Guards Brigade, President Bola Tinubu, and Chief of Staff Femi Gbajabiamila.

    The heightened alert comes amidst rising tension in the country, marked by economic challenges, soaring inflation, and increased living costs.

    Pay Attention To: Nigeria’s Northern Senators Urge Niger Military Junta To Begin Democratic Process

    These issues follow the removal of fuel subsidy and the floatation of the naira under President Tinubu’s administration. The economic policies have led to a surge in prices, contributing to public discontent.

    Last week, General Christopher Musa, the Chief of Defence Staff, warned against advocating for a coup due to economic hardships. He emphasized the military’s commitment to protecting democracy, cautioning that those promoting a coup would face legal consequences.

    The suspicions prompting the alert involve unusual movements of the armoured corps, leading to fears of a potential coup. Col. Onasanya’s emergency meetings with President Tinubu and Chief of Staff Gbajabiamila within a short span have fueled speculations.

    In response to the economic challenges, protests have erupted in various states, including Kano, Ogun, Niger, Sokoto, Oyo, and Osun. The Nigeria Labour Congress has announced a nationwide protest scheduled for February 27 and 28, addressing the economic hardships. The government, however, has warned against the protests, citing contempt of court, while the Trade Union Congress expressed concerns about potential anarchy.

    Amidst these developments, Nigeria’s Presidential Guards Brigade remains on high alert, monitoring key brigades and assessing the evolving situation.

    As the nation grapples with economic uncertainties, the security apparatus is actively engaged in safeguarding the democratic order.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • NDLEA Arrests Port Terminal Operator, Dock Worker Over 1,044.29kg Cocaine, Colos (Photos)

    Terminal Operator

    The National Drug Law Enforcement Agency (NDLEA) has reported that its operatives are in the process of identifying individuals belonging to an organized criminal network responsible for the recent smuggling of two containers containing illegal drugs, along with assorted arms and ammunition. The items were imported from Durban, South Africa to the Tincan seaport in Lagos.

    According to NDLEA, among those already arrested as members of the syndicate are: a clearing and notification party of the two containers, Falowo Samuel Kayode; a dock worker, Anjorin Idowu and Uzairu Ahmed Iguda, who is in charge of the Five Star terminal at the port.

    It said investigations revealed that the three suspects conspired with the agent and notify party, Falowo Samuel Kayode, to remove the 192.7kg Colorado, pistol and rounds of ammunition from the container to an empty container in the terminal.

    The agency also said another dock worker at the terminal, Mohammed Muktar Sule (alias organizer) who is equally linked to the syndicate is currently at large.

    This was made known in a statement issued by Femi Babafemi, the NDLEA’s Director of Media and Advocacy, on Sunday.

    Babafemi disclosed that the Agency had requested for a 100 percent joint examination of two containers marked MSCU 4581770 and TRHU 7968071 from South Africa based on credible intelligence.

    He said the exercise was conducted with other stakeholders on January 18 and 19, 2024, during which 56.39kg cocaine and 795kg Colorado, a synthetic strong strain of cannabis, among other illegal items, were recovered from the containers.

    Babafemi disclosed that the latest seizure brings the total recovered from the two containers to 56.39kg of cocaine and 987.9kg of Colorado, with a combined weight of 1,044.29kg.

    “Investigations have also revealed three kingpins believed to be based in South Africa and connected with the importation of the containers. They include: Odeyemi Taiwo Emmanuel; Akinyemi Olayinka and Adebayo Adewole Emmanuel, who are now on the Agency’s wanted list,” he added.

    Similarly, NDLEA in Edo State on February 20 raided a drug joint under powerline off Etete Road, GRA Benin City, where they arrested a salesgirl, Jessica Destiny, 24, and recovered assorted illicit drugs.

    The agency stated that a follow up operation the following day led to the arrest of the owner of the joint, 36-year-old Ibrahim Sani, who is the Commander, Arewa Association Vigilantes in the area.

    It further disclosed that a consignment of 179kg cannabis was recovered by operatives at Badagry Waterside, Lagos on Wednesday, February 21. A 67-year-old grandpa, Rafiu Ogunro was nabbed on Thursday 22nd February, at Magbon, Ogun state with 57kg cannabis, 2,700 pills of tramadol, and 231 bottles of Codeine syrup, weighing 2.31 litres.

    Announcing further interceptions and seizures made by the NDLEA, Babafemi said: “In Borno, a 25-year-old lady, Zara Mele was arrested with quantities of cocaine and heroin at Baga check point on Tuesday February 20, while Usman Shuaibu, 26, and Mohammed Lawan, 22, were also nabbed with quantities of the same class A drug at Meri and Babban Layi areas of Maiduguri the same day, respectively.

    “No less than 44,820 pills of opioids being taken to Zamfara state by Tasiu Mohammed, 25, and Abubakar Tanko, 54, were intercepted along Jega-Sokoto road by NDLEA officers in Kebbi state, while a farmer Ali Abdulhamid, 35, was arrested in his farm where he grows tomatoes and some stems of cannabis sativa weighing 73 kilograms at Bakin Kasuwa village, Birnin Yero area of Igabi LGA, Kaduna state.

    “Two suspects: Shuaibu Ahmed, 38, and Tanimu Abdullahi, 29, travelling in a commercial bus from Lagos to Kano with 99 blocks of cannabis weighing 37kg were intercepted by NDLEA officers along Kwali-Gwagwalada express road, Abuja on Monday, February 19, while one Michael Okefi was arrested at Upper Iweka area of Onitsha, Anambra state with 483 bottles of codeine-based cough syrup concealed in two 50-litre kegs. A follow up operation led to the arrest of the actual owner, Osinachi Jasper.

    “At least 540 grams of cocaine concealed in canvas shoes heading to the UK were intercepted at a courier firm in Lagos on Friday, February 23, by NDLEA operatives of the Directorate of Operation and General Investigation, DOGI.

    “Equally, a consignment of tramadol 225mg hidden in ladies headgear going to the UK was also seized the same day at the courier house, while another parcel containing ecstasy concealed in a body cream container meant for Cyprus was also intercepted.

    “In Kano state, different quantities of opioids and other illicit drugs were recovered from at least 12 young men arrested in parts of Kano between Monday 19th and Friday 23rd February. Some of the suspects include: Yusuf Abdullahi,20; Usman Muh’d,18; Sadiq Jibrin, 20; Ibrahim Lawan, 25; Ukasha Usaini,19; Sahabi Lamini,15; Isiyaka Mohd, 28; Bashir Ayuba,36; Ahmad Idris,18; Abubakar Sani,29; Bashir Mohd, 21 and Udochukwu Ezekiel, 35”.

    Reacting to the development, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) commended the officers and men of the Tincan, Lagos, Edo, Ogun, Kaduna, Kano, Anambra, Kebbi, Borno, and FCT Commands of the Agency for their balanced efforts in the past week.

    Marwa equally applauded their counterparts across the country for intensifying their WADA advocacy lectures thus creating parity between their drug supply reduction and drug demand reduction activities.

  • Nigeria’s Northern Senators Urge Niger Military Junta To Begin Democratic Process

    Following the lifting of sanctions imposed on Niger Republic and others by the Economic Community of West African States, ECOWAS, the Northern Senators Forum, NSF, has asked the government and people of the country to seize the opportunity to hasten the process of returning to democratic governance.

    This, according to the Senators, is to build a stronger and more prosperous nation, harnessing their resilient spirit and unwavering determination.

    ECOWAS, on Saturday, lifted economic sanctions on Niger, Mali, and Burkina Faso with immediate effect after hours of deliberation by the Authority of Heads of State and Government at an extraordinary summit on the political, peace, and security situation in the region at the State House, Abuja.

    In a statement signed by the NSF spokesperson, Senator Suleiman Kawu Sumaila (NNPP Kano South), they expressed appreciation to the leaders of ECOWAS led by President Bola Tinubu for their decisive action in lifting the sanctions imposed on Niger Republic as a result of the military takeover on July 26, 2023.

    The lawmakers commended ECOWAS for responding to “the progressive requests” made by them individually and collectively on the subject matter, noting that the decision made by the body was a testament to its commitment to regional solidarity, cooperation, and respect for human rights.

    “We are confident that this decision will leave an indelible mark on the collective consciousness of all West African nations and serve as a shining example for resolving differences through dialogue and diplomacy,” they stated.

    They, therefore, urged all regional stakeholders to continue engaging in dialogue and pursuing peaceful solutions to address any remaining concerns, fostering a harmonious environment for progress and development.

    “We understand that this action will go a long way in alleviating the suffering of the people of Niger Republic, as well as ensuring the restoration of stability and economic prosperity in our region.

    “We are particularly grateful that ECOWAS leaders have considered our pleas to restore electricity, open borders, and lift the sanctions on Niger Republic. These measures will not only have crucial humanitarian implications but will also foster regional integration, trade, and cooperation.

    “We firmly believe that this step taken by ECOWAS will positively impact the lives of the people of Niger Republic and Nigeria and facilitate the restoration of trust and harmony among all member states.

    “As representatives of the people and advocates for justice and democracy, we commend ECOWAS for their responsiveness and understanding of the immense challenges faced by our fellow West African nation.

    “The Northern Senators Forum stands in solidarity with ECOWAS in restoring democracy and the rule of law in Niger Republic and other West African countries, and we are committed to working to promote stability, peace, and socioeconomic development throughout the region,” the statement added.

  • Pastor Idowu Iluyomade Biography, Net Worth, Wiki, State, Age, Wife, RCCG, Children

    Pastor Idowu Iluyomade Biography, Net Worth, Wiki, State, Age, Wife, RCCG, Children

    Read the full Biography of Pastor Idowu Iluyomade, Pastor Idowu Olusola Iluyomade state of origin, Wife , Children  and hus Multifaceted Journey of Faith, Law, and Leadership. 

    Delving into the intricate details of Pastor Idowu Iluyomade’s life unfolds a narrative that transcends the ordinary. From his educational achievements to his illustrious legal career and influential role in the religious domain, Pastor Idowu Iluyomade stands as a multifaceted personality making significant contributions to society.

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    Biography of Pastor Idowu Iluyomade: Wikipedia Profile

    • Name: Idowu Iluyomade
    • Full Name: Pastor Idowu Iluyomade
    • Age: 64 years (2024)
    • Date of Birth: May 4th, 1960
    • Ethnicity: Yoruba
    • Wife: Pastor Siju Iluyomade
    • Children: 3:
    • Church: RCCG City of David Parish
    • Net Worth: Over $2.8 Million

    Pastor Idowu Iluyomade, a distinguished figure in the religious sphere, serves as the Pastor-in-Charge of The Redeemed Christian Church of God (City of David). He also holds the positions of provincial pastor of Lagos Province 4 and the head of the Apapa Family. Beyond his religious duties, he is the driving force behind the Excel Charity Foundation, a social intervention vehicle dedicated to transforming lives, restoring dignity, and reforming society.

    Pastor Idowu Iluyomade Biography

    Born on May 4th, 1960, Pastor Idowu Iluyomade commenced his academic journey at the University of Ife, Ile Ife, graduating in 1981. A year later, he was called to the Nigerian Bar, and during his youth service from 1982 to 1983, he served in the Lagos State Ministry of Justice as the Director of Public Prosecutions.

    His legal career intertwines with his ministerial responsibilities, combining both seamlessly. Pastor Idowu Iluyomade has established himself as an advocate, representing high net worth clients and blue-chip companies. His legal interests span diverse areas, including International Trade Finance, Mergers and Acquisitions, Energy Law, Commercial Law, Shipping, Corporate matters, and more.

    Beyond the courtroom, he holds board memberships in notable companies such as Aboil Energy Services Ltd, Axiom IT Systems Ltd, and Visible Assets Ltd, showcasing his prowess in business leadership.

    As a man of letters, Pastor Idowu Iluyomade has authored several books, including titles such as “Eat This, Not Ashamed,” “Between the Mother Hen and the Bad Mamas,” and “Caught Red-Handed,” among others.

    Pastor Idowu Iluyomade Wife, Personal Life

    Pastor Idowu Iluyomade is happily married to Pastor Siju Iluyomade, a Nigerian lawyer, speaker, and activist. Pastor Siju Iluyomade is the founder of Arise Women Conference, a faith-based non-governmental organization dedicated to women’s empowerment.

    Their marriage, often referred to with endearment as ‘Sugar Baby,’ is not only a testament to love but also a visible example of a perfect partnership. Blessed with three adorable children, Pastor Idowu and Pastor Siju Iluyomade exhibit a constant display of love for each other.

    As the Special Assistant to the General Overseer of the Redeemed Christian Church on Christian Social Responsibility (CSR), Pastor Idowu Iluyomade continues to leave an indelible mark, intertwining faith, leadership, and social responsibility.

    In the vibrant tapestry of Pastor Idowu Iluyomade’s life, the threads of faith, legal prowess, and societal impact weave together, creating a narrative of inspiration and leadership.

    Pastor Idowu Iluyomade State Of Origin.

    Pastor Idowu Olusola Iluyomade is from Osun State.

    Pastor Idowu Iluyomade net worth.

    The net Worth of the Redeemed Christian Church of Christ (RCCG) Pastor Idowu Iluyomade has an estimated net worth of over 2.8 million dollars.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now

     

  • Popular Comedian, Basketmouth Poses A Curious Question To Nigerian Native Doctors

    Posted by Samuel on Sun 25th Feb, 2024 – tori.ng

    He asked why their powers are only used to help their clients entrap men or for money rituals and not to help stabilize the dollar or help leaders to be more empathic and ‘have sense’’.

    Basketmouth

    Basketmouth, the world-famous Nigerians comedian, has taken to his Instagram page to ask an interesting question about Nigerian native doctors.

    He asked why their powers are only used to help their clients entrap men or for money rituals and not to help stabilize the dollar or help leaders to be more empathic and ‘have sense’’.

    As expected, his question has gotten people talking online.

    See his post below…

  • The Life I Chose Adekunle Gold  Lyrics

    The Life I Chose Adekunle Gold Lyrics

    Adekunle Gold‘s “The Life I Chose” is a lyrical masterpiece that explores the soulful journey of life, full of emotions, reflections, and unspoken truths. The lyrics are available here. This blog post will examine the artist’s creative expressions as we decipher the meanings behind the lyrics.

    The Life I Chose Lyrics

    The song opens with a catchy melody that draws listeners in and sets the mood for the emotional trip that will come next. Adekunle Gold’s vocals are hauntingly beautiful, echoing the sentiments of life’s choices and their consequences.

    Verse 1

    The first verse paints a vivid picture of the struggles and sacrifices that people make in order to achieve their dreams. The raw honesty in Adekunle Gold’s lyrics allows listeners to connect on a personal level, as they reflect on their own life choices.

    Chorus:

    The chorus serves as a powerful anthem, expressing the inevitability of facing challenges and making decisions that shape one’s destiny. The soul-stirring melody lingers, leaving an indelible mark on the listener’s heart.

    Verse 2:

    In the second verse, Adekunle Gold delves deeper into the complexities of life, addressing themes of love, loss, and resilience. The poetic nature of the lyrics adds a layer of depth, inviting listeners to interpret the words based on their unique experiences.

    Sapele water shack pass liqour
    Gbagbe first impression
    Many, many blessings otun ti le kan
    O ya, ki lẹ fẹ sọ

    (Nothing)

    That’s what I thought
    Baddie to gbe wa poco o ti lọ
    We finna pack up, pack up some more
    Emi ti mo like ki n ma faaji gan-an
    Ti o baby ma lo, ko sofo fo, fo, fo
    (Yeba)

    Another one mo tun ti ṣe ‘mi
    New sound design by Kel-P
    Pool side, sippin Don Peri
    All the fine girls won fe gum-body
    Okanlọmọ

    Motivation for my man dem all
    Change of status
    Dem no go reach us
    Destinambari
    O yatọ

    This is the life I chose
    This is the life I chose
    Aye mo wa jẹ, mi o wa jẹya
    This is the life I chose
    This is the life I chose
    This is the life I chose
    Aye mo wa jẹ, mi o wa jẹya
    This is the life I chose

    All of a sudden
    Everybody act like they love me (Fake love)
    Men dey active
    If you fuck with my team, it’s risky
    If no be you baba
    Dem for don dey laugh me for their corner
    Shout out to me me me, I stay believing
    Everyday is a pay day
    Amen

    Another one mo tun ti ṣe ‘mi
    New sound design by Kel-P
    Pool side, sippin Don Peri
    All the fine girls won fe gum-body
    Okanlọmọ
    Motivation for my man dem all
    Change of status
    Dem no go reach us
    Destinambari
    O yatọ

    This is the life I chose
    This is the life I chose
    Aye mo wa jẹ, mi o wa jẹya
    This is the life I chose
    This is the life I chose
    This is the life I chose
    Aye mo wa jẹ, mi o wa jẹya
    This is the life I chose

    FAQs

    Q1: What inspired Adekunle Gold to write “The Life I Chose”?

    A1: Adekunle Gold drew inspiration from his personal journey, navigating the highs and lows of life, love, and self-discovery.

    Q2: Are there hidden meanings in the lyrics?

    A2: Yes, the lyrics are layered with hidden meanings, allowing listeners to interpret the song in diverse ways based on their individual perspectives.

    Q3: Is there a music video for the song?

    A3: Yes, Adekunle Gold released a visually captivating music video that complements the emotional depth of the lyrics.

     

    To sum up, “The Life I Chose Lyrics” delves deeply into the human experience and goes beyond just being a song. This song is a timeless work of art that appeals to listeners all over the world thanks to Adekunle Gold’s skillful lyrics and moving performance.

  • SADE Lyrics By Rotimi Ft Mayorkun & Nasty C

    SADE Lyrics By Rotimi Ft Mayorkun & Nasty C

    Introducing the dynamic duo Mayorkun and the lyrical genius Nasty C. from Rotimi’s “SADE”—welcome to the poetic realm. We will break down the verses of this catchy masterpiece in this post, exploring the depths of creativity and emotion incorporated into each stanza.

    The Life I Chose Adekunle Gold Lyrics

    Verse Breakdown

    The song “SADE” begins with an entrancing melody that sets the stage for a narrative of love, desire, and passion. Genre-bending music is woven together by the soulful voice of Rotimi, the sultry delivery of Mayorkun, and the distinct rapping of Nasty C.

    As the verses unfold, listeners are taken on a journey through the complexities of love. The lyrics resonate with raw emotions, exploring the highs and lows of romantic relationships. The synergy between the three artists is evident, elevating the song to a level of artistic brilliance.

    Owwweee
    Hey
    Oh na na na
    Get close
    Baby baby (yeah)
    Even closer

    I know you thought
    That I would come and break your heart
    No not today
    No not today
    And I know that you thought that
    I would come and add to your scars
    No not today
    No not today

    You need a good hugging (Sade)
    Good sex and good loving (Sade)
    Someone you can trust in (Sade)
    Don’t bout nothing (Sade)
    I know you struggling but love is so hard
    No not today
    No not today

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    I’m a Yoruba demon
    Wey don repent
    I don change my ways (way e yeaah)
    I know the distance is long
    But I hope you don’t miss my calls
    One day I’ll knock on your door (ko ko ko)
    I’m different, I’ll prove it all (in to to)
    Shey we go table the matter
    Make we solve am
    Call panel beater make you call
    Carpenter I might be dangerous
    But I’m on your side
    On your side

    I know you thought
    That I would come and break your heart
    No not today
    No not today
    And I know that you thought that
    I would come and add to your scars
    No not today
    No not today

    You need a good hugging (Sade)
    Good sex and good loving (Sade)
    Someone you can trust in (Sade)
    Don’t bout nothing (Sade)
    I know you struggling but love is so hard
    No not today
    No not today

    Over heater over heater
    Over heater over heater
    Girl on fire traumatize creature
    Love and protect you like my sister
    Mona Lisa
    Mona Lisa
    Mona Lisa
    Mona Lisa
    Speak of you highly and love you deeper open your doors
    Run you a hot bath open your pores
    Grapes and top wine open your drawers
    I’m nothing like them other niggas from before
    I’m fighting the stereotype I’m going to war
    Let’s go mia elope on the shore
    Mrs Me
    Them legs are gold I’m mister Tee
    Keep them around my neck til I forget to breathe
    Breathe
    Breathe

    I just want to listen to ya
    Tell me all of the things you want
    Tell me all of things you need
    Just sit back and listen to ya
    Hold you close
    While I hear you out
    Were so close I can hear you breathe
    Cuz nothing will matter cuz nothing’s the same
    Cuz when you’re with me, let your past be your pain
    And I won’t neglect you or repeat the pain
    The pain
    The pain

    I know you thought
    That I would come and break your heart
    No not today
    No not today
    And I know that you thought that
    I would come and add to your scars
    No not today
    No not today

    Exploring Mayorkun’s Contribution

    Mayorkun’s vocal prowess adds a layer of sweetness to the song, enhancing the romantic essence. His delivery of lines such as “You dey burst my brain” brings a delightful charm to the narrative. The collaboration showcases the seamless blend of different styles, making “SADE” a standout track in the music landscape.

    Nasty C’s Lyrical Brilliance

    Nasty C, known for his impeccable rap skills, injects energy and depth into “SADE.” His verses provide a contrast, adding a dynamic element to the overall composition. The switch between singing and rapping creates a captivating rhythm, keeping the listeners engaged from start to finish.

    SADE by Rotimi ft Mayorkun & Nasty C MP4 Video

     

    FAQS (Frequently Asked Questions)

    Q1: Who is the primary artist in “SADE”?

    A1: “SADE” is a collaborative effort featuring Rotimi, Mayorkun, and Nasty C.

    Q2: Are there any notable collaborations in the music industry involving these artists?

    A2: Yes, all three artists have previously collaborated with various international and local musicians, showcasing their versatility.

    Q3: Is there a music video for “SADE”?

    A3: As of the latest update, there is official music video released for “SADE.”

     

    In conclusion, “SADE” is a testament to the power of collaboration and artistic synergy. Rotimi, Mayorkun, and Nasty C have crafted a musical gem that transcends language and resonates with listeners on a profound level. The lyrics of “SADE” are a timeless addition to any playlist because they are full of depth and emotion.

  • Pastor Siju Iluyomade Biography: Age, Husband

    Pastor Siju Iluyomade Biography: Age, Husband

    Dr. Pastor Siju Iluyomade Biography.  She is a dynamic force who is married to the Special Assistant to the General Overseer of the RCCG and convener/CEO of ARISE WOMEN. Her journey begins as a practicing attorney and partner at Iluyomade & Iluyomade & Co., where she focuses on corporate law, international trade, finance, and other areas.

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    Siju Iluyomade Biography: Age, State Of Origin, Career, Husband, Awards, Net Worth
    Photo file of pastor Siju Iluyomade Biography: Age, State Of Origin, Career, Husband, Awards, Net Worth

    Siju Iluyomade Early Life and Education

    Siju Iluyomade was born in 1963 in Lagos, Nigeria. She performed exceptionally well in both academics and extracurricular activities while attending Queen’s College, a prominent secondary school for girls. She was the head girl and the president of the literary and debating society. She also won several awards and prizes for her outstanding performance.

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    She proceeded to the University of Ife (now Obafemi Awolowo University) in Ile-Ife, where she studied law. She graduated in 1985 with a Bachelor of Laws degree and was called to the Nigerian Bar the same year.

    Siju Iluyomade also pursued further education to enhance her knowledge and skills. She obtained a Diploma in Marketing from the Kenya Institute of Management in 2010.

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    She also enrolled for a Master of Business Administration (MBA) degree at Kenyatta University, which she is currently pursuing. The International Bar Association and the Nigerian Bar Association both have her membership.

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    Legal Luminary and Advocate

    Dr. Siju was called to the Nigerian Bar in 1985 and has since been an active legal practitioner, appearing in various Nigerian courts, including the Supreme Court. Her dedication to legal education earned her a merit award from the International Federation of Women Lawyers (FIDA) Lagos Branch in 2017.

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    Championing Women’s Rights

    A vocal advocate for women, Dr. Siju engages in legal forums discussing issues like Sexual Offences, Child Abuse, and Maternal Health. Her passion extends to advocating for girl child education in Nigeria.

    Siju Iluyomade Age

    Siju Iluyomade is 61 years old as of 2024.

    Empowering Women through Handmaidens Fellowship

    In 1995, Dr. Siju pioneered the Handmaidens Fellowship, a purpose-driven gathering mentoring women from all walks of life. The fellowship has evolved into a multi-generational platform, meeting every Wednesday to empower and guide women in finding their life purpose.

    Philanthropy and Impactful Initiatives

    The Handmaidens outreach, under Dr. Siju’s leadership, has made significant contributions to society. From donating incubators and medical equipment to maternity hospitals to supporting sustainable development goals through the Women in Leadership Series (HWILS), she continues to impact lives positively.

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    ARISE WOMEN and Annual Conference

    Dr. Siju founded ARISE WOMEN, an NGO dedicated to improving women’s health through mobile clinics, health promotion, education, and advocacy. The Annual Arise Women’s Conference, held on the last Saturday of October, is a national landmark programme dedicated to women’s empowerment.

    Siju Iluyomade Makeup

    Siju Iluyomade Makeup

    Siju Iluyomade Awards

    Siju Iluyomade has been recognized and honored for her outstanding achievements and contributions to women’s development and society. She has received numerous awards and accolades from various organisations and institutions, including the President of Kenya’s Moran of the Order of the Golden Heart (MGH) in 2020, the Women in Leadership Series (WiLS) Woman of the Year Award in 2019, the African Women in Leadership Organization’s (AWLO) Woman of Excellence Award in 2018, and the Nigerian Women Achievers Awards (NWAA) Woman of the Year Award in 2017. She has also been featured in several media platforms and publications, such as Forbes Africa, ThisDay, and Vanguard.

    Arise Ambassadors Award

    To spread the message of women empowerment, Dr. Siju introduced the Arise Ambassadors Award, recognizing and honoring women making a difference nationally.

    Dr. Siju Iluyomade Husband

    Dr. Siju is married to Idowu Iluyomade, a senior pastor at the Redeemed Christian Church of God, and the mother of three children.

    Siju Iluyomade State Of Origin

    Siju Iluyomade hails from Ogun State, Nigeria.

    Siju Iluyomade Twins

    Siju Iluyomade Twins


    • Facebook: Siju Iluyomade
    • Instagram: @pastorsiju
    • Twitter: @pastorsiju

    Siju Iluyomade Net Worth

    Siju Iluyomade has an estimated net worth of over $1.5 million as of 2024.

    FAQs

    Q1: What is Handmaidens Fellowship? A1: It is a purpose-driven, multigenerational fellowship founded by Dr. Siju in 1995 to mentor and empower women.

    Q2: What is ARISE WOMEN’s focus? A2: ARISE WOMEN works to improve women’s health via advocacy, education, and mobile clinics; the organization’s annual Arise Women’s Conference is its main focus.

    Q3: What is the significance of the Arise Ambassadors Award? A3: The award recognizes women contributing significantly to national development and serves to inspire others.

     

    The biography of Pastor Siju Iluyomade describes a life devoted to philanthropy, women’s empowerment, and the practice of law. Her initiatives, from Handmaidens Fellowship to ARISE WOMEN, showcase a commitment to positive change.

    Beyond the legal community, Dr. Siju is regarded as a symbol of female leadership and empowerment in Nigeria and beyond.

  • Biafra Civil War: You’re A Genocidist – IPOB Fires Back At Gowon

    On Sunday, the Indigenous People of Biafra (IPOB) accused former Military Head of State, General Yakubu Gowon (retired), of being a “genocidist.”

    IPOB’s spokesman, Emma Powerful, accused Gowon of leading the second bloodiest genocide after the Israeli Holocaust against Igbos.

    Powerful was reacting to Gowon’s latest comment on the Biafra civil war.

    After a meeting with President Bola Tinubu, the former Military Head of State had disclosed how he was accused of being unable to prosecute the Biafra civil war because he was too slow.

    Reacting, Powerful declared that the current generation of Igbos would actualize Biafra independence.

    A statement by Powerful reads partly: “The attention of the global family and movement of the Indigenous People of Biafra (IPOB) ably led by the great and indefatigable leader, Mazi Nnamdi Kanu has been drawn to the horrible but true confession of starting the genocidal war against Biafra by the former Military Head of State of Nigeria, Major General Yakubu Gowon.

    “The genocidist Yakubu Gowon led the second bloodiest genocide after the Israeli Holocaust against Biafrans between 1967 and 1970.

    “Recently, during a solidarity visit to President Tinubu, the genocidist, Yakubu Gowon, openly confessed to starting the genocidal war that they call a civil war against Ndigbo without shame.

    “He equally confirmed that he was criticized for starting that war, yet he went ahead to commit the deadly genocide against the Biafra Nation.

    “As other genocidists in Nigeria, Gowon is gallivanting and glorifying himself for massacring millions of Biafran men, women, and children. His home state is under the occupation of terrorists and bandits today, but that is not his concern. The genocide he masterminded against Biafrans has visited his people. Fulani bandits and terrorists have taken over and renamed some of the villages in the Tiv nation while Gowon is watching helplessly like the slave that he is. God has preserved Gowon to witness the same genocide he perpetrated against Biafrans.

    “Fortunately, no inch of Biafran land was taken over by the Nigerian State during the bloody civil war. But Yakubu Gowon and his people have already lost some areas of their own land to Fulani conquerors and jihadists. And if care is not taken, the entire Middle Belt will be conquered by the Sokoto Fulani Caliphate. We don’t wish that happens because of the innocent people of the Middle Belt even though we despise the unrepentant Genocidist Gowon and his fellow Nigerianists’ actions against Biafrans.

    “We commend our eternal leader, Chief Dim, Odumegwu Ojukwu whether dead or alive, and other Biafra heroes and heroines for resisting the bloody genocide against Biafrans led by the genocidist, Gowon. By the special grace of Eze Chukwu Okike Abiama, this generation of Biafrans will finish the struggle and restore Biafra Independence. There is nothing people like war criminal Gen. Yakubu Gowon and company can do about it.”

  • Ex-Presidential Aide in Strong Terms Condemns Tinubu’s Qatar Trip, Says He Lacks Dignity

    Ex-Presidential Aide in Strong Terms Condemns Tinubu’s Qatar Trip, Says He Lacks Dignity

    Former Presidential Aide Jackson Ude Criticizes Bola Tinubu’s Qatar Trip, He  Lack of Dignity.

    In a scathing series of tweets titled “BOLA TINUBU AND THE LOST DIGNITY,” Jackson Ude, a former aide to Former President Goodluck Jonathan, has openly condemned Bola Tinubu for what he perceives as a lack of dignity in pursuing a trip to Qatar despite being unwelcome. Ude argues that there is no economic benefit to Nigeria due to Qatar’s lack of bilateral relations.

    Ude, in his tweets, questions Tinubu’s motives, pointing out the clear communication from the Qatari authorities stating that he is not welcome. He asserts that Tinubu’s insistence on proceeding with the trip reflects a lack of dignity and integrity. The tweets emphasize that Qatar has explicitly mentioned the absence of bilateral relations with Nigeria in terms of economic promotion.

    SERAP Sues Nigeria Governors, Wike Over Missing N40 Trillion in LG Funds

    The Qatari Note Verbale, as highlighted in Ude’s tweets, further indicates that “State Authorities would be hosting a Web Summit” and, consequently, would not be available for Bola Tinubu’s visit. This raises the pertinent question of whom Tinubu intends to meet during his visit when the state authorities won’t be available.

    According to Ude, Bola Tinubu’s actions not only lack dignity but also bring shame to Nigeria as a whole. He contends that Tinubu has, regrettably, dragged a nation of over 200 million people down with his pursuit of the Qatar trip. Ude concludes that it is a case of lost dignity, and Tinubu appears oblivious to any sense of shame.

    Qatar Rejects President Tinubu’s Request for Business and Investment Talks, New Details Emerge

     

    Former Presidential Aide Jackson Ude Criticizes Bola Tinubu's Qatar Trip, Decries Lack of Dignity
    Former Presidential Aide Jackson Ude Criticizes Bola Tinubu’s Qatar Trip, Decries Lack of Dignity

    This public rebuke by Jackson Ude highlights the intense scrutiny faced by political figures and the potential diplomatic consequences of their actions on the international stage.

     

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • SERAP Sues Nigeria Governors, Wike Over Missing N40 Trillion in LG Funds

    SERAP Sues Nigeria Governors, Wike Over Missing N40 Trillion in LG Funds

    N40 Trillion Question: SERAP Seeks Judicial Intervention in LGA Allocation Scandal

    The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigerian governors and the Minister of the Federal Capital Territory (FCT), Abuja, Mr. Nyesom Wike, over their failure to account for the alleged missing N40 trillion in federal allocations intended for local governments in the states and the FCT.

    This legal action follows revelations by former President Muhammadu Buhari, who in December 2022 stated, “If the money from the Federation Account to the state is about N100 million, N50 million will be sent to the chairman, but he will sign for N100 million. The chairman will pocket the balance and share it.”

    Filed last Friday at the Federal High Court, Abuja, under the case number FHC/ABJ/CS/231/2024, SERAP requests the court to direct and compel the governors to disclose details of local government area (LGA) allocations and the actual disbursement of these allocations to local governments in their respective states from 1999 to the present.

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    Similarly, SERAP asks the court to compel Mr. Wike to publish details of federal allocations meant for the Area Councils in the FCT and the actual disbursement of these allocations from 1999 to date.

    The suit argues that the Nigerian Constitution of 1999 (as amended), the Freedom of Information Act, and the African Charter on Human and Peoples’ Rights impose transparency obligations on the governors and Mr. Wike to disclose the details of LGA allocations and their disbursement in their states and the FCT.

    Filed on behalf of SERAP by its lawyers, Kolawole Oluwadare, Kehinde Oyewumi, and Andrew Nwankwo, the suit notes that opacity in the amounts of federal allocations actually disbursed to local governments has had negative impacts on the fundamental interests of citizens.

    It states, “The governors and Mr. Wike have a legal responsibility to promote transparency and accountability in the actual disbursement and spending of federal allocations meant for local government areas in the states and the FCT and to ensure that the allocations are duly and fully disbursed to the local governments.”

    Despite Nigeria’s enormous oil wealth, the average Nigerian has seen little benefit, largely due to widespread corruption and a culture of impunity among perpetrators.

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    “Combating the corruption epidemic in the spending of federal allocations meant for local government areas in the states and the FCT would alleviate poverty, improve access of Nigerians to basic public goods and services, and enhance the ability of the local governments to effectively and efficiently discharge their constitutional and statutory responsibilities,” the suit adds.

    According to SERAP, the 36 states of Nigeria and the FCT have received over N40 trillion in federal allocations intended for the 774 local government areas in the country and the FCT.

    In November 2023 alone, the Federation Account Allocation Committee (FAAC) disbursed N225.21 billion in federal allocations to states for local governments. In December 2023, states collected N258,810,449,711.47 in federal allocations meant for local government areas.

    Read also:Governor Seyi Makinde Takes Action: Four Detained in Ibadan Mining Facility Closure

    However, there has been a lack of transparency in the actual disbursement of federal allocations to local government areas in the states and the FCT, with states and the FCT failing or refusing to disclose the portions of federal allocations disbursed to local governments.

    Former President Muhammadu Buhari recently alleged that state governors routinely pocket or divert federal allocations intended for local government areas in their states.

    This version maintains the original content’s intent while improving clarity, coherence, and adherence to standard writing conventions.

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  • Governor Seyi Makinde Takes Action: Four Detained in Ibadan Mining Facility Closure

    Governor Seyi Makinde Takes Action: Four Detained in Ibadan Mining Facility Closure

    Governor Seyi Makinde Takes Stand Against Unlicensed Mining Operations in Oyo

    The Governor of Oyo State, Seyi Makinde, took decisive action on Saturday by closing down a facility used by suspected illegal miners for processing and packaging lithium within the state.

    According to his Chief Press Secretary, Sulaimon Olarewaju, the governor ordered the shutdown of the facility, originally intended for recycling batteries and tyres.

    Read also:Olumide Akpata Biography: Wife, State Of Origin, Age, Tribe

    Ejes Gist News understands that four individuals believed to be involved in the operations at the site were arrested during the operation.

    The Oyo State government noted that the individuals were operating without the necessary government licence for business activities in the state.

    During an impromptu visit to the factory site in Idi Ayunre, Oluyole Local Government Area, Ibadan, Governor Seyi Makinde revealed that initial investigations indicated the involvement of Chinese nationals in running the factory.

    The governor further emphasised that, even though the miners were granted an operational licence by the federal government in accordance with the constitution, the absence of state involvement in the issuance of mining licences poses significant security risks and concerns.

    In regard to the factory and its operators, the governor clarified that they had violated Executive Order 001 of 2024, which pertains to the proper handling of hazardous substances. He highlighted that the apprehended workers from the factory would face appropriate legal action.

    Read also:Dollar to Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 25 February 2024

    Additionally, the governor announced that the state government would assume control of the illegal factory premises through a legal process, ensuring a thorough investigation into the matter, Ejes Gist News reports.

    Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.

  • Dollar to Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 25 February 2024

    Dollar to Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 25 February 2024

    What is the Dollar to Naira Exchange Rate at the Black Market, the Pounds to naira black market Today and the Euro To Naira today black market also known as the Parallel Market (Aboki FX)? 

    Please find below the black market exchange rate for the dollar to Naira on February 25, 2024. These are the rates at which you can exchange your dollar for Naira.

    How much is a Naira to dollar today in the black market? Dollar to Naira Exchange Rate Today in the Black Market (Aboki Dollar Rate):

    Dollar to Naira Black Market Rate Today, February 25, 2024:

    Dollars to Nairas (USD to NGN) Black Market Exchange Rate Today

    • Buying Rate: N1695
    • Selling Rate: N1700

    Pounds to Naira black market Today.

    The British Pounds to Naira exchange rate is as follows.

    • Buying Rate: N2525
    • Selling Rate: N2530

    Euro To Naira today black market

    The Euro To Naira black market exchange rate today is :

    • Buying Rate: N1890
    • Selling Rate: N1916

    While the Central Bank of Nigeria (CBN) sets the official foreign exchange rate, transactions happening outside authorized channels, like the parallel market, operate independently. It is recommended to use authorized channels like banks for foreign exchange transactions.

    Also See : Black Market Dollar rate to Naira Exchange today 22 February 2024

    Dollar to Naira CBN Rate Today:

    Dollar to Naira (USD to NGN) CBN Rate Today

    • Buying Rate: N1,500
    • Selling Rate: N1,504

    Euro to Naira CBN Rate Today:

    Dollar to Naira Exchange rate Today (CBN rates)

    • Buying Rate: N1,494
    • Selling Rate: N1,493

    Pounds to Naira Today

    Pounds to NGN CBN Rate Today

    • Buying Rate: N1,886
    • Selling Rate: N1,887

    Euro to Naira Today

    Euro to Naira exchange rate Today

    • Buying Rate: N1,612
    • Selling Rate: N1,613

    Please be advised that the rates at which you buy or sell forex may differ from those displayed in this article due to price fluctuations.

    Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the US dollars and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).

    Profit-Taking Spurs N1.988 Trillion Loss in Nigerian Equities Market in One Week

    Investors in the Nigerian equities market witnessed a significant setback, incurring a loss of approximately N1.988 trillion by the close of the trading week. The domestic bourse grappled with substantial selling pressure, resulting in a decline of 3.44% and settling the benchmark index at 102,088.30 points. This marks a notable decrease from the week’s opening position of 105,722.78 points on Monday.

    Market analysts attribute this downturn to investors seizing the opportunity to capitalize on profits following a remarkable bullish rally observed in recent times.

    According to available statistics from Nairametrics, the All-Share Index, a broad indicator of Nigerian stock performance, started the week at 105,722.78 index points on February 19, 2024, and concluded the week at 102,088.30 points on February 23, reflecting a loss of 3,634.48 basis points or 3.44%.

    Further analysis reveals that activities on the Nigerian Exchange Limited (NGX), beginning the week with a market capitalization of N57.849 trillion, closed the week at N55.861 trillion. This results in a week-to-date loss of about N1.988 trillion.

    Despite the overall downturn, specific sectors showed resilience, with NGX ASem, NGX Consumer Goods, and NGX Oil and Gas appreciating by 11.66%, 2.01%, and 0.01%, respectively.

    Key Market Statistics:

    • Total turnover: 1.377 billion shares
    • Total value: N31.584 billion
    • Total deals: 42,040

    The Financial Services Industry led the activity chart, contributing 69.77% and 53.33% to the total equity turnover volume and value, respectively. Other notable sectors contributing to the turnover include the Conglomerates Industry and the Oil and Gas Industry.

    Trading in the top three equities, namely Guaranty Trust Holding Company Plc, FBN Holdings Plc, and Transnational Corporation Plc, accounted for 24.96% and 29.86% of the total equity turnover volume and value, respectively.

    In the midst of market fluctuations, fourteen equities appreciated during the week, while sixty-six equities depreciated, and seventy-four equities remained unchanged. This marks a shift from the previous week, where thirty-five equities appreciated, fifty-one depreciated, and sixty-eight remained unchanged.

     

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