Ejes Gist News

Month: July 2024

  • Oyo Rep Appoints 500 Aides To Monitor Constituency Projects

    Tolulope Akande-Sadipe, the Chairman, House of Representatives Committee on Ethics and privileges has announced the appointment of 500 aides.

    She said the aides will help her monitor her constituency projects.

    The All Progressives Congress, APC, lawmaker, who represents Oluyole federal constituency in Oyo State made this declaration via a statement made available to journalists on Wednesday.

    She maintained that the primary responsibility of the aides is to ensure timely reporting of project requirements relating to health, school infrastructure, education, roads, electricity and empowerment initiatives.

    She further stated that the new aides would collaborate with grassroots community leaders to ensure equitable distribution of democratic dividends throughout the constituency.

    Akande-Sadipe noted that the appointments was aimed at ensuring effective service delivery in her constituency.

    “Their primary responsibility is to ensure timely reporting of project requirements, health, school infrastructure, education, roads, electricity, empowerment initiatives, and more to Hon. Tolu and the constituency office administration team.

    “Additionally, they will oversee project supervision, leveraging their residency within the communities across the Local Government Area.

    “They will collaborate closely with grassroots community leaders to ensure equitable distribution of democratic dividends throughout the LG,” she said.

  • BREAKING: Customs Seize N270 Million Worth of Weapons at Lagos Airport

    BREAKING: Customs Seize N270 Million Worth of Weapons at Lagos Airport

    The Nigeria Customs Service (NCS) has announced the interception of a larger cache of arms and ammunition at the Murtala Muhammed International Airport (MMA) in Lagos, valued at ₦270 million.

    The seized consignment, is from Turkiye and was found in the airport’s cargo section. One of the suspect has been detained.

    Read Also : Angry youths burn down INEC Office in Benue

    Military equipment and gear were also among the items confiscated by the NCS Airport Command.

    This development comes just 48 hours after another significant seizure of a container filled with arms and ammunition smuggled from Turkiye at Onne Port, Rivers State.

    In a statement issued on Wednesday night, Comptroller General of the NCS, Bashir Adewale Adeniyi, confirmed the latest seizure: “On 19th June 2024, the MMA 2 command deployed personnel to man all exit points and conduct examinations on all consignments due to the intelligence available to us. During this examination, a parcel with number 235/587737755 from Turkiye was intercepted.

    “The consignment was isolated, and we found 55 pieces of Tomahawk semi-automatic short guns. One suspect has been arrested.”

    Earlier, the NCS reported intercepting a 40-feet container at Onne Port, Rivers State, containing pump action rifles and ammunition worth N4.17 billion.

    The inspection of the container, labeled “MAEU165396, revealed 844 rifles and 112,500 pieces of live ammunition imported from Turkiye.

  • Angry youths burn down INEC Office in Benue

    Angry youths burn down INEC Office in Benue

    Irate Youths Burn Down INEC LGA Office in Benue

    The Independent National Electoral Commission (INEC) announced on Wednesday that its local government office in Ukum, Benue State, was set ablaze by irate youths reportedly protesting against insecurity.

    Read Also : Lagos Arrests ‘Area Boys’ Extorting N100 From Pedestrians (Video)

    National Commissioner and Chairman of Information and Voter Education Committee, Sam Olumekun, disclosed this in a statement, confirming that no casualties were recorded during the incident. However, he noted that the commission lost a number of valuable properties in the fire, and security agents have been notified of the development.

    “The Resident Electoral Commissioner (REC) for Benue State, Professor Sam Egwu, has reported that our Local Government Area office in Sankara, headquarters of Ukum Local Government Area, has been attacked and burnt down,” the statement read.

    “The incident occurred at 2 pm today, Wednesday 3rd July 2024, when the youths in the area said to be protesting against the activities of bandits attacked facilities of government agencies, including INEC.

    I Didn’t Discuss Nnamdi Kanu’s Release”: Obasanjo Clarifies Meeting with Southeast Governors

    “Although no casualties were reported, the building has been extensively damaged. Office furniture and other movable and immovable materials, including 10 electric generators, 300 ballot boxes, and 270 voting cubicles, were destroyed in the attack.

    “The attention of security agencies has been drawn to the incident and they have already deployed their personnel to the area.”

  • Lagos Arrests ‘Area Boys’ Extorting N100 From Pedestrians (Video)

    The government of Lagos state has nabbed the individuals who were seen charging people N100 before using a makeshift crossover bridge at the Trade Fair area.

    This was made known in a post by the state Commissioner for Environment and Water Resources, Tokunbo Wahab, on X.

    The arrest came after a citizen, #ARISE0214, reported the extortion on Wednesday, following heavy rainfall in the area.

    Wahab confirmed the arrests via his X account, stating: ”Following a complaint made by #ARISE0214, miscreants charging people for using the makeshift crossover bridge at Tradefair this morning have been arrested by the operatives of Lagos State Environmental Sanitation Corps #LAGESCOfficial.

    “They will be prosecuted according to the law.”

  • I Didn’t Discuss Nnamdi Kanu’s Release”: Obasanjo Clarifies Meeting with Southeast Governors

    I Didn’t Discuss Nnamdi Kanu’s Release”: Obasanjo Clarifies Meeting with Southeast Governors

    Obasanjo Clarifies Meeting with Southeast Governors, Denies Nnamdi Kanu’s Release Discussion.

    Former President Olusegun Obasanjo has clarified that the release of Nnamdi Kanu was not discussed during his meeting with Southeast governors in Enugu on Tuesday, July 2.

    The governors were invited to the meeting with the former president and Chief Emeka Anyaoku to discuss matters related to regional development.

    EFCC Issues Strong Warning Against July 5 Nationwide Planned Protests

    Obasanjo’s special assistant on media, Kehinde Akinyemi, stated in a statement on Wednesday, July 3, that the meeting focused on regional development issues, including security and infrastructure.

    Obasanjo emphasized, “Others were economic and cooperative/collaboration, which was meant to complement the national economic development agenda.”

    “The meeting with them was at my invitation and that of Chief Emeka Anyaoku before their summit begins. The issue of Nnamdi Kanu was not on the agenda and was not discussed in my presence.”

    The governors at the meeting were Hope Uzodinma of Imo, Alex Otti of Abia, Chukwuma Soludo of Anambra, Francis Nwifuru of Ebonyi, and Peter Mbah of Enugu.

  • Senate Reveals Reasons Behind Borno Suicide Bombings, Criticizes Security Forces

    Senate Reveals Reasons Behind Borno Suicide Bombings, Criticizes Security Forces

    Senate Criticizes Security Forces Over Gwoza Suicide Bombings, Calls for Modern Tactics.

     

    The Senate has attributed the recent suicide bombings in Gwoza town, Borno state, to a failure of intelligence by security forces. This was disclosed by Senate President, Godswill Akpabio, during a plenary session on Wednesday, July 3.

    Finidi George Named as Rivers United Coach on Two-Year Contract

    Akpabio made the statement while contributing to a debate on a motion about the incident, which was sponsored by the Senate’s chief whip, Mohammed Ali Ndume.

    In his lead debate, Ndume pointed out that the Mandara Mountains, Sambisa Forest, and the Lake Chad region remain strongholds for terrorists.

     

    He stressed that these areas continue to serve as havens for insurgents, contributing to the persistent threat of terrorism in the region.

    Details Emerge as Nnamdi Kanu, Agrees to Comply with Tinubu Govt’s Terms of Release

    The Senate, in its resolutions, urged the Federal Government to instruct the military to rethink its conventional strategies for combating insurgency and other crimes. The lawmakers advocated for the deployment of modern technology and scientific tactics in the fight against terrorism.

    The senators noted that relying solely on traditional methods, such as the deployment of troops, has not been effective. They observed that terrorists are employing non-conventional tactics to kill Nigerians and disrupt their livelihoods, indicating a need for a more sophisticated and innovative approach to security operations.

  • Finidi George Named as Rivers United Coach on Two-Year Contract

    Finidi George Named as Rivers United Coach on Two-Year Contract

    Former Super Eagles coach, Finidi George, has officially been introduced as the new coach of Rivers United. The unveiling ceremony took place at the Rivers United secretariat in Port Harcourt, marking the beginning of a new era for the team.

    Finidi George signed a two-year contract and will step into the role following the dismissal of Stanley Eguma towards the end of the last season. Rivers United, who finished in eighth position in the Nigeria Professional Football League (NPFL) last season, are looking to Finidi to bring a fresh perspective and revitalized energy to the team.

    Finidi George Takes Over Rivers United

    George, a former Ajax winger, comes with an impressive track record, having led Enyimba, the nine-time NPFL champions, to victory in the 2022/2023 NPFL season. His extensive experience and strategic insight are expected to drive Rivers United to new heights in the upcoming seasons.

     

    With Finidi George at the helm, Rivers United hopes to harness his expertise and leadership to achieve greater success in the NPFL. The fans and the management of Rivers United are optimistic about the positive changes the former supreme eagle coach is expected to bring to the team.

  • EFCC Issues Strong Warning Against July 5 Nationwide Planned Protests

    EFCC Issues Strong Warning Against July 5 Nationwide Planned Protests

    EFCC Warns Against Planned Protest, Vows to Maintain Law and Order.

     

    The Economic and Financial Crimes Commission (EFCC) has issued a stern warning regarding a planned protest against its operations. Amid widespread calls on social media for a nationwide protest following alleged illegal raids by EFCC operatives, the Commission emphasized it will not tolerate any breakdown of law.

    In a statement released on Wednesday, the EFCC claims that a shadowy group has been mobilizing young Nigerians, including students, via social media campaigns to protest against its enforcement activities, especially those targeting cybercrimes. The Commission expressed concerns that individuals under investigation or prosecution might be behind this movement, aiming to incite a national uprising that could jeopardize the country’s peace and security.

    How Nigeria’s Public Debt Reached $91.46bn Despite Generating $1trn in 40 Years — Agbakoba

    While acknowledging the citizens’ right to protest, the EFCC emphasized that it will not tolerate any disruptions to law and order, particularly around its offices nationwide. The Commission has assured the public that it is working with other security agencies to address any potential threats.

    The EFCC also urged parents, guardians, and heads of tertiary institutions to prevent their wards from being exploited in the campaign against the Commission. It stressed that its anti-corruption and anti-cybercrime efforts are crucial for safeguarding the future of Nigeria’s youth.

    Details Emerge as Nnamdi Kanu, Agrees to Comply with Tinubu Govt’s Terms of Release

    Dele Oyewale, the EFCC’s Head of Media and Publicity, reiterated the Commission’s commitment to maintaining Nigeria’s stability and security amidst these emerging challenges, warning public officials that they “won’t go scot-free after stealing public funds.”

  • Details Emerge as Nnamdi Kanu, Agrees to Comply with Tinubu Govt’s Terms of Release

    Details Emerge as Nnamdi Kanu, Agrees to Comply with Tinubu Govt’s Terms of Release

    IPOB Leader, Nnamdi Kanu, Reportedly Agrees to Comply with Tinubu Govt’s Terms of Release.

     

    The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has reportedly agreed to comply with the conditions set by President Bola Tinubu’s administration for his release from the custody of the Department of State Services (DSS).

    This development was disclosed by Senator Enyinnaya Abaribe, representing Abia South Senatorial District, following a recent meeting between South-East Senators and the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN). The meeting, led by Senator Abaribe, included approximately 15 federal lawmakers and focused on Kanu’s release.

    How Nigeria’s Public Debt Reached $91.46bn Despite Generating $1trn in 40 Years — Agbakoba

    Senator Abaribe expressed optimism that the Attorney-General would persuade the Federal Government to consider releasing Kanu, noting that his prolonged detention has exacerbated insecurity and unrest in the South-East region.

    According to Vanguard, Senator Abaribe revealed that he personally met with Kanu at the DSS headquarters, where Kanu expressed his willingness to comply with the government’s conditions for his release.

    The senators’ meeting with the Attorney-General came after South-East governors appealed directly to President Tinubu for Kanu’s freedom. Previously, a group of 50 House of Representatives members had urged President Tinubu to direct the Attorney-General to use Section 174 of the Constitution to terminate the terrorism-related charges against Kanu.

    LPPC Shortlists 98 Lawyers for Senior Advocate of Nigeria (SAN) Rank (Full List)

    Nnamdi Kanu’s legal troubles began with his arrest in Lagos in October 2015, followed by bail in April 2017, and subsequent escape from the country. He was re-arrested in Kenya in June 2021 and has since remained in DSS custody. Despite the Court of Appeal ordering his release in October 2022, the Supreme Court overturned this decision in December 2023, allowing the Federal Government to continue with the trial on seven remaining charges.

    This ongoing legal battle continues to garner significant attention and advocacy efforts from lawmakers and leaders in Nigeria’s South-East region.

  • How Nigeria’s Public Debt Reached $91.46bn Despite Generating $1trn in 40 Years — Agbakoba

    How Nigeria’s Public Debt Reached $91.46bn Despite Generating $1trn in 40 Years — Agbakoba

    Human rights activist and senior lawyer, Dr. Olisa Agbakoba, SAN, has highlighted the factors behind Nigeria’s rising public debt, which stands at $91.46 billion (N121.67 trillion) despite generating $1 trillion in 40 years.

    Agbakoba identified key issues such as the exclusion of Nigerians from major value chains, weak enforcement of local content laws, incorporation of foreign agreements, tax avoidance, and corruption as major contributors to the growing debt.

    Naira slump, Tinubu’s loans push public debt to N121tn, See details

    In his presentation titled “The Paradox of Nigeria’s Oil and Gas Industry: A Policy Paper,” Agbakoba called for increased Nigerian participation in sectors like legal services, shipping, banking, insurance, drilling, oil field services, and engineering within the oil and gas industry.

    Key Points from Agbakoba’s Presentation:

    1. Revenue Generation vs. Debt: Over the past 40 years, Nigeria has generated over $1 trillion from oil and gas, but the country’s public debt has reached N121.67 trillion ($91.46 billion) as of March 31, 2024.
    2. Exclusion from Value Chains: Nigerians are largely excluded from crucial value chains in the oil industry, including legal, shipping, banking, insurance, drilling, oil field services, engineering, and construction.
    3. Loss of Legal Work: Over $1 billion in legal work is lost to foreign firms annually due to perceptions of superior expertise and international experience.
    4. Shipping and Banking: Nigerian shipping companies are not engaged in crude oil shipping due to the absence of a national fleet framework, and funds from crude oil production are often held in foreign banks before being remitted to the Central Bank of Nigeria.
    5. Insurance and Drilling: The Nigerian insurance industry plays a minor role in the oil and gas sector, and major drilling contracts are typically awarded to foreign firms.
    6. Engineering and Construction: Large-scale projects in the oil and gas sector are often awarded to foreign companies, limiting local capacity building and job creation.
    7. Legal and Contractual Challenges: Foreign agreements often exclude Nigerian laws, and the complexity of contracts puts Nigerian entities at a disadvantage. This has led to unfavorable outcomes in international arbitrations and limits Nigerian participation.
    8. IOC Dominance: International Oil Companies (IOCs) have more bargaining power, resulting in a significant portion of revenues leaving the country and limiting technology transfer and skill development among local companies.
    9. Tax Avoidance: Oil rig companies avoid taxes, leading to a massive loss of potential government revenue. The revenue from oil rigs is estimated at N3 trillion yearly, approximately 15% of the national budget.

    Agbakoba emphasized the need for substantial investments in preventive measures, increased local content participation, and the implementation of laws to ensure a fair and competitive environment. He highlighted the importance of addressing these challenges to reduce public debt and promote economic growth.

  • LPPC Shortlists 98 Lawyers for Senior Advocate of Nigeria (SAN) Rank (Full List)

    LPPC Shortlists 98 Lawyers for Senior Advocate of Nigeria (SAN) Rank (Full List)

    98 Lawyers have been Shortlisted for Senior Advocate Of Nigeria Rank. 

    The Legal Practitioners’ Privileges Committee (LPPC) has announced a shortlist of 98 lawyers for the prestigious rank of Senior Advocate of Nigeria (SAN). Among the notable names are Prof. Abdulkarim Kana, Monday Ubani, Kunle Edun, and Dr. Rapulu Nduka. The list features 87 candidates in the advocate category and 11 in the academic category.

    Read Also : What is Drug Abuse? MTN Foundation Rallies NDLEA, UNODC to Combat Substance Abuse at Conference

    Included in the list are Wendy Kuku, legal adviser to the Independent National Electoral Commission, Terkaa Aondo, a prominent human rights lawyer, and Paul Daudu, chairman of the NBA Bwari branch. The LPPC invites public comments on the integrity, competence, and reputation of these lawyers, though publication of their names does not guarantee their success.

    Female Lawyers Don’t Have Time To Cheat On Their Men Or Husbands;  Nigerian Lawyer Says

    Complaints must be submitted with a verifying affidavit sworn before a Superior Court of Record in Nigeria or a Notary public, in twenty copies. The Supreme Court will swear in successful candidates during its annual new legal year ceremony.

    10 Top Nigerian Newspaper Headlines For Today, Wednesday, July 3, 2024

    The shortlisted lawyers are:

    1. Lateef Karim, Esq.
    2. Godwin Ike, Esq.
    3. Johnson Odionu, Esq.
    4. Nnodim Duru, Esq.
    5. Innocent Ovbagbedia, Esq.
    6. Soronnadi Njoku, Esq.
    7. Adamu Abubakar, Esq.
    8. Charles Musa, Esq.
    9. Udochi Iheanacho, Esq.

    10. David Onietan, Esq.
    11. Elele Casmir, Esq.
    12. Josiah Nduka, Esq.
    13. Godwin Obeta, Esq.
    14. Habeeb Ilavbare, Esq.
    15. Moses Obafemi, Esq.
    16. Mathew Esonanjor, Esq.
    17. Baba Dalah, Esq.
    18. Babatunde Sodipo, Esq.
    19. Mustapha Abubakar, Esq.
    20. Emmanuel Esene, Esq.

    21. Henry Bello, Esq.
    22. Boniface Moore, Esq.
    23. Clement Ezika, Esq.
    24. Omokayode Dada, Esq.
    25. Edwin Anikwem, Esq.
    26. Roy Nwaeze, Esq.
    27. Olumide Olugbenga, Esq.
    28. Monday Ubani, Esq.
    29. Ayoola Ajayi, Esq.
    30. Paul Obi, Esq.

    31. Olasupo Ati-John, Esq.
    32. Cole Ololade, Esq.
    33. Charles Adeogun-Phillips, Esq.
    34. Okechukwu Ajunwa, Esq.
    35. Jacob Ifere, Esq.
    36. Emmanuel Adekile, Esq.
    37. Christopher Okeke, Esq.
    38. Waziri Mamman, Esq.
    39. Oluronke Adeyemi, Esq.
    40. Oluwole Olawale Afolabi, Esq.

    41. Toboukebide Kekemeke, Esq.
    42. Akinbamigbe Adesomoju, Esq.
    43. Victor Owarienomare Odjemu, Esq.
    44. Josiah Ojochide Daniel-Ebune, Esq.
    45. Olukunle Ogheneovo Edun, Esq.
    46. Abdulaziz Enebi Ibrahim, Esq.
    47. Stanley Chidozie Imo, Esq.
    48. Charles Oladipo Titiloye, Esq.
    49. Abdulkarim Kana Abubakar, Esq.
    50. Kingsley Chuku, Esq.

    51. Adeyinka Oluwaseun Aderemi, Esq.
    52. Olaolu Akintunde Owolabi, Esq.
    53. Adedeji Sharafadeen Abdulkadir, Esq.
    54. Idowu Omotunde Benson, Esq.
    55. Kolawole James Olowookere, Esq.
    56. Chinasa Thelma Unaegbunam, Esq.
    57. Ademola Oluwawolemi Esan, Esq.
    58. Omosanya Atilola Popoola, Esq.
    59. Taiye Ayotunde Oniyide, Esq.
    60. Emonye Oga Adekwu, Esq.

    61. Aderemi Oguntoye, Esq.
    62. Kashopefoluwa Olawale Balogun, Esq.
    63. Abdul Adamu, Esq.
    64. Theodore  Ezeobi, Esq.
    65. Rilwan Umar, Esq.
    66. Chienye Okafor, Esq.
    67. Kaka Lawan, Esq.
    68. Abba Muhammed, Esq.
    69. Wendy Kuku, Esq.
    70. Ekele Iheanacho, Esq.

    71. Okechukwu Edeze, Esq.
    72. Akinyemi Olujinmi, Esq.
    73. Gyang Yaya Zi, Esq.
    74. Idris Abubakar, Esq.
    75. George Ibrahim, Esq.
    76. Boonyameen Lawal, Esq.
    77. Terkaa Aondo, Esq.
    78. Tochukwu Tochukwu, Esq.
    79. Uchenna Njoku, Esq.
    80. Paul Daudu, Esq.

    81. Chukwudi Enebeli, Esq.
    82. Yusuf Ogunrinde, Esq.
    83. Tobechukwu Nweke, Esq.
    84. Ademola Abimbola, Esq.
    85. Yunus Abdulsalam, Esq.
    86. Mofesomo Tayo-Oyetibo, Esq.
    87. Chukwuemeka Nnawuchi, Esq.

    SHORTLISTED ACADEMIC APPLICANTS, IN ORDER OF SENIORITY AT THE BAR:

    1. Prof. John Agbonika
    2. Prof. Osy Nwebo
    3. Prof. Nlerum Okogbule
    4. Prof. Nnamdi Obiaraeri
    5. Prof. Nathaniel Inegbedion
    6. Prof. Collins Obioma
    7. Prof. Violet Aigbokhaevbo
    8. Prof. Augustine Agom
    9. Prof. Ibrahim Abikan
    10. Prof. Chima Ubanyionwu
    11. Prof. Ganiyu Oke

    The LPPC, chaired by the Chief Justice of Nigeria, is responsible for conferring the Senior Advocate of Nigeria rank on deserving lawyers.

  • What is Drug Abuse? MTN Foundation Rallies NDLEA, UNODC to Combat Substance Abuse at Conference

    What is Drug Abuse? MTN Foundation Rallies NDLEA, UNODC to Combat Substance Abuse at Conference

    What is drug abuse? 

    In a collaborative effort to combat substance abuse through prevention, MTN Foundation, NDLEA, and UNODC came together for a multi-stakeholder conference in Abuja. The event saw key government officials and experts unite to discuss evidence-based strategies against drug abuse among Nigerian youths.

    This conference follows the recent Anti-Substance Abuse Programme (ASAP) stakeholder conference hosted by MTN Foundation in Lagos. So far, the initiative has successfully engaged 86,400 students and 1,440 teachers from 144 public secondary schools across 12 states, along with advocacy walks in Abuja, Lagos, and Rivers State. Additionally, a 24/7 toll-free psycho-social support helpline for affected youth was launched in partnership with the NDLEA. These efforts highlight the growing awareness and commitment to fighting substance abuse among youths in the country.

    Senator George Akume, representing the Federal Government, emphasized the administration’s support for these collaborative efforts. He highlighted that the fight against drug abuse requires a unified approach and praised the ongoing initiatives for their impact.

    Prince Julius Adelusi Adeluyi, Chairman of MTN Foundation, reinforced the foundation’s commitment to the cause. “Our mission is to reduce the rate of first-time substance abuse among young Nigerians. The power of collective action cannot be overstated,” he remarked.

    Brig Gen Mohammed Buba Marwa, Chairman of NDLEA, called for substantial investments in preventive measures and early detection, stating, “The Drug Integrity Test initiative aims to establish an anti-drug culture in Nigeria. It targets students, workers, and prospective couples to prevent drug use and enable early intervention, treatment, and rehabilitation.”

    Dr. Oliver Stolpe, outgoing UNODC Country Representative, emphasized the importance of evidence-based prevention programs and community involvement in tackling the drug abuse problem.

    The event, held at the State House in Abuja, also highlighted the importance of grassroots initiatives and tailored interventions to meet specific community needs. It also highlighted how fostering a sense of ownership and responsibility within local communities can yield more impactful and sustainable outcomes.

    MTN Foundation and Drug Abuse fight.

    MTN Foundation remains committed to continuing this fight against substance abuse, aligning with the strategies and support outlined by key stakeholders at the conference. The foundation is dedicated to reducing drug abuse among Nigerian youth, and it will continue to support collaborative efforts to create a healthier, drug-free future for the country.

     

    What is Drug Abuse, Effect of Drug Abuse, How to Prevent Drug Abuse

    Understanding what is drug abuse is vital to addressing the problem effectively.

    To address the question what is drug abuse, it refers to the habitual taking of addictive or illegal drugs. Knowing how to prevent drug abuse involves implementing educational programs, increasing awareness, and providing support systems for at-risk individuals. These steps are essential in combating the effect of drug abuse on individuals and society.

    What is Drug Abuse?

    Drug abuse refers to the harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs. It encompasses the use of drugs in a manner, frequency, or quantity that is detrimental to the individual’s physical and mental health, as well as to their social and occupational functioning.

    Key Characteristics of Drug Abuse:

    1. Dependency: Regular and repeated use of drugs can lead to dependence, where an individual feels compelled to continue using the substance despite the negative consequences.
    2. Tolerance: Over time, a person may need to consume larger amounts of the drug to achieve the same effect, indicating the development of tolerance.
    3. Withdrawal: When a dependent individual stops using the drug, they may experience withdrawal symptoms, which can be physical (nausea, sweating, shaking) and psychological (anxiety, irritability).
    4. Health Risks: Drug abuse can lead to a range of health issues, including heart disease, liver damage, mental health disorders, and increased risk of infectious diseases (e.g., HIV/AIDS from needle sharing).
    5. Social and Occupational Impact: Substance abuse can negatively affect relationships, job performance, and overall quality of life. It can lead to legal problems, financial instability, and social isolation.

    Commonly Abused Substances:

    • Alcohol: Although legal, excessive consumption of alcohol can lead to addiction (alcoholism), liver disease, and other health problems.
    • Opioids: Includes prescription pain relievers (like oxycodone and morphine) and illegal drugs (like heroin). Abuse can result in severe addiction and overdose.
    • Stimulants: Includes prescription medications (like Adderall and Ritalin) and illegal drugs (like cocaine and methamphetamine). Abuse can lead to cardiovascular problems and mental health issues.
    • Cannabis: While some use cannabis for medical purposes, its recreational use can lead to dependency and cognitive impairments.
    • Hallucinogens: Includes drugs like LSD, psilocybin mushrooms, and MDMA. Abuse can cause long-term psychological effects and risky behavior.

    Addressing Drug Abuse:

    • Prevention: Education and awareness programs can help prevent drug abuse by informing people about the risks and consequences of substance use.
    • Treatment: Options include detoxification, rehabilitation programs, counseling, and support groups (like Narcotics Anonymous). Treatment aims to help individuals stop using drugs, maintain a drug-free lifestyle, and achieve productive functioning in the family, workplace, and community.
    • Support Systems: Family, friends, and community support are crucial in helping individuals recover from drug abuse.

    Understanding drug abuse and its implications is essential for preventing and addressing this pervasive issue effectively.

  • 10 Top Nigerian Newspaper Headlines For Today, Wednesday, July 3, 2024

    10 Top Nigerian Newspaper Headlines For Today, Wednesday, July 3, 2024

    Top Nigerian Newspaper Headlines For Today, Wednesday, 3rd July 2024

    Good morning, Nigeria. Welcome to the Ejes Gist – Naija News roundup of Top Nigerian Newspaper Headlines For Today, Wednesday, 3rd July 2024. Here is the latest news in Nigeria today 2024.

    1. Tinubu Approves New Withholding Tax Policy

    President Bola Tinubu has approved a new withholding tax policy, replacing the outdated 1977 tax system. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, revealed this on Tuesday, highlighting that the new policy alleviates the burden on farmers and Small and Medium Enterprises, promoting tax equity. The updated policy will soon be published in the official gazette.

    2. Sultan Has No Constitutional Power To Appoint Anyone – Sokoto Govt

    The Sokoto State government asserted that the Sultan of Sokoto lacks the authority to make appointments. Commissioner of Justice, Barrister Nasiru Binji, noted that the current Chieftaincy law conflicts with Nigeria’s constitution, particularly section 76(2) of the Sokoto Local Government and Chieftaincy Law 2008, which is inconsistent with section 5(2) of the 1999 Constitution as amended.

    3. NNPC Declares State Of Emergency On Crude Oil Production

    The Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency on crude oil production. Group Chief Executive Officer, Mele Kyari, announced this during the 23rd Nigeria Oil and Gas Conference and Exhibition. Kyari emphasized the need for timely actions to tackle impediments and achieve a daily production of two million barrels without new rigs.

    4. SSANU Considers Shutdown Of Universities Over Withheld Salaries

    The Senior Staff Association of Nigerian Universities (SSANU) has threatened to shut down universities on July 4 due to non-payment of four months’ withheld salaries. Following a two-week ultimatum to the government, SSANU expressed frustration over the government’s insensitivity and a perceived divide-and-rule approach.

    5. Lawmaker Accuses Deputy Speaker Of Sidelining New Legislators

    Cyril Hart, representing the Bonny/Degema federal constituency, accused Deputy Speaker Benjamin Kalu of sidelining new legislators during debates. The accusation was made after Ahmed Jaha’s motion on recent suicide bombings in Borno. Hart exited the green chamber in protest, although Kalu defended the recognition process as based on seating arrangements.

    6. Dangote Criticizes CBN’s Latest Interest Rate Hike

    Aliko Dangote, Chairman of the Dangote Group, criticized the Central Bank of Nigeria’s (CBN) recent interest rate hike to almost 30%. Speaking at a summit organized by the Manufacturers Association of Nigeria, Dangote argued that high interest rates stifle business growth and urged the government to create a supportive environment for local businesses.

    7. Obasanjo Advocates For Nnamdi Kanu’s Release

    Former President Olusegun Obasanjo met with South East Governors to discuss pressing issues, including advocating for the release of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). The governors also established a committee for the burial of the late minister Ogbonnaya Onu and agreed to visit President Tinubu to address regional concerns.

    8. Akpabio Predicts Transformation Of Nigeria In Seven Years

    Senate President Godswill Akpabio expressed optimism about Nigeria’s transformation within the next seven years. At the launch of the Kugbo Bus Terminal in Abuja, Akpabio emphasized the importance of supporting President Tinubu’s administration to achieve significant progress.

    9. Army Declares State Of War Over Borno Suicide Bombings

    The Nigerian Army declared that recent suicide bombings in Borno indicate a state of war. Major General Edward Buba detailed the attacks in Gworza Local Government Area, attributing them to terrorist responses to military successes. A curfew was imposed, and condolences were extended to the victims’ families.

    10. Wabara Reiterates Rejection Of ₦250 Million Bribe For Third Term Agenda

    Former Senate President Adolphus Wabara confirmed rejecting a ₦250 million bribe to support former President Olusegun Obasanjo’s third-term agenda. In a recent interview, Wabara underscored his resistance as crucial to maintaining Nigeria’s democracy, suggesting that accepting the bribe could have led to prolonged dictatorship.

    Latest news in Nigeria today 2024.

    Keep updated with the Top Nigerian Newspaper Headlines For Today and the latest news in Nigeria today 2024. Breaking news in Nigeria today 24/7 covers the most important events happening in the country. Stay informed with Naija News for more updates and top stories

  • Dollar to Naira Exchange Rate at Black Market (Aboki FX) July 3, 2024: USD to NGN CBN Rate

    Dollar to Naira Exchange Rate at Black Market (Aboki FX) July 3, 2024: USD to NGN CBN Rate

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx) Today July 3, 2024?

    Many Nigerians, especially those engaged in foreign trade, travel, and investment, have always been very interested in and concerned about the exchange rate between the US dollar and the Nigerian naira. The parallel market, also known as the black market or Aboki FX, often offers a different rate from the official Central Bank of Nigeria (CBN) rates. For many, this is a critical source of foreign exchange.

    See the black market Dollar to Naira exchange rate for July 3, 2024, below. At these rates, you can exchange your dollar for Naira.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate at black market Yesterday (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market), yesterday, July 2,  2024, players buy a dollar for N1500 and sell at N1505 according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today July 3, 2024

    Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
    Buying Rate N1510
    Selling Rate N1515

    Dollar to Naira CBN Exchange Rate

    The Central Bank of Nigeria sets the official exchange rates, providing stability through government regulation. As of now, the rates are:

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN) CBN Rate Today
    Buying Rate N1548
    Selling Rate N1549

     

    These rates reflect government policies aimed at stabilizing the naira and managing foreign exchange reserves. Businesses and individuals that prefer regulated transactions frequently rely on these rates.

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

    Dollar to Naira Exchange Rate at Black Market (Aboki FX) July 2, 2024: USD to NGN CBN Rate

    Pounds and Euro to Naira Exchange Rates

    For those dealing with currencies other than the US dollar, here are the latest rates:

    Pounds to Naira (CBN Rates)

    • Buying Rate: ₦1,963
    • Selling Rate: ₦1,963

    Euro to Naira (Black Market Rates)

    • Buying Rate: ₦1,662
    • Selling Rate: ₦1,665

    These rates are also subject to market conditions and economic policies.

    Geegpay and Grey: online Exchange Platforms

    Digital platforms like Geegpay and Grey offer convenient and secure options for currency exchange, providing competitive rates.

    Geegpay Dollar to Naira Rates

    • EUR (€): Buying at ₦1,690.03, Selling at ₦1,695.55
    • GBP (£): Buying at ₦1,950, Selling at ₦1,965
    • USD ($): Buying at ₦1,480, Selling at ₦1,550

    Grey Dollar to Naira Rates

    • EUR (€): Buying at ₦1,640.03, Selling at ₦1,719
    • GBP (£): Buying at ₦1,902, Selling at ₦2,015
    • USD ($): Buying at ₦1,460, Selling at ₦1,500

    These platforms have gained popularity due to their ease of use, transparency, and security, making them viable alternatives to traditional methods.

    Factors Influencing Black Market Rates

    Understanding the factors that influence the dollar to naira exchange rate in the black market can help anticipate changes and make better financial decisions.

    Economic Policies

    Government policies significantly impact exchange rates. Decisions on interest rates, inflation control, and foreign exchange regulations by the Central Bank of Nigeria (CBN) directly affect the naira’s value. For instance, when the CBN adjusts policies to manage inflation or stabilize the naira, it impacts the exchange rate.

    Supply and Demand

    The availability of foreign currency versus the demand for it plays a crucial role. When foreign currency is scarce or demand is high, the naira depreciates, leading to higher exchange rates. Conversely, an abundant supply of dollars can lead to lower rates.

    Political Stability

    Geopolitical events and internal political stability affect investor confidence. Political unrest or uncertainty can cause the naira to depreciate as investors move towards safer assets. Stability and positive political developments, on the other hand, can strengthen the naira.

    Global Economic Conditions

    Global market conditions, such as shifts in oil prices (a major export for Nigeria), international economic trends, and global inflation rates, influence the naira’s value. For example, a significant drop in oil prices can negatively impact Nigeria’s economy and the naira.

    Comparing Official and Black Market Rates

    There is a significant disparity between official and black market rates. The black market offers higher rates, but with substantial risks such as fraud and legal issues. The CBN advises using official channels to avoid these risks. Official rates are stable and reliable, making them suitable for the majority of transactions.

    Why the Disparity Between Official and Black Market Rates?

    The disparity between the official CBN rates and the black market rates is influenced by several factors:

    1. Supply and Demand: The availability of foreign currency in the official market is often limited, leading individuals and businesses to seek forex in the black market where demand drives up prices.
    2. Regulatory Restrictions: The CBN imposes restrictions on the amount of forex available for personal and business use, making it difficult for many to meet their needs through official channels.
    3. Economic Instability: Fluctuations in oil prices, inflation, and economic policies can create uncertainty, prompting people to turn to the parallel market for more favorable rates.

    Impact of Black Market Rates on the Economy

    The high exchange rates in the black market can have various implications for the Nigerian economy:

    • Inflation: Higher costs for imported goods can drive up prices locally, contributing to inflation.
    • Investment: Unfavorable exchange rates can deter foreign investment as investors seek more stable economic environments.
    • Trade: Exporters may benefit from higher naira values per dollar, while importers face increased costs, potentially leading to trade imbalances.

    How to use the parallel market 

    For those needing to engage in forex transactions through the black market, safety and caution are paramount. Here are some tips:

    1. Verify Rates: Always check the latest rates from reliable sources like Aboki FX to ensure you get the best deal.
    2. Deal with Reputable Dealers: Engage with well-known and trusted Bureau De Change operators to avoid scams.
    3. Stay Informed: Keep abreast of economic news and CBN policies that could affect exchange rates.

    FAQs on dollar naira exchange rate black market

    • How much is a dollar to naira today in the black market? The buying rate is N1495, and the selling rate is N1500 as of June 23rd, 2024.
    • Why does the black market offer higher rates than the CBN? The black market rates are driven by supply and demand dynamics, regulatory restrictions, and economic instability.
    • Is it legal to trade forex in the black market? While the CBN discourages it, many engage in the black market due to the unavailability of sufficient forex through official channels.
    • What are the risks of trading in the black market? Risks include fluctuating rates, potential scams, and the legal gray area of such transactions.
    • Can the CBN influence black market rates? The CBN can influence these rates through monetary policy, forex interventions, and regulatory measures, but direct control is limited.
    • How often do black market rates change? Rates can change on a daily or even multiple times per day, depending on market conditions and economic news.

    Conclusion on the Dollar-Naira Exchange Rate Black Market

    The dollar to naira exchange rate at the black market reflects a complex interplay of economic factors, regulatory frameworks, and market dynamics. While it offers a critical alternative for many Nigerians seeking forex, it also underscores the challenges and opportunities within Nigeria’s broader economic landscape. Staying informed and cautious can help navigate this often volatile market effectively.

    Non-Bank Transactions Surge Threatens West Africa’s Financial Stability – Cardoso

    Yemi Cardoso, Governor of the Central Bank of Nigeria, has raised alarms about the rising volume of transactions by non-bank and Other Financial Institutions (OFIs), warning that this trend threatens West Africa’s financial stability. Speaking at the 10th meeting of the College of Supervisors for Non-Bank Financial Institutions in Abuja, Cardoso emphasized the vital role of non-bank financial institutions in promoting financial growth and inclusion in the West African Monetary Zone (WAMZ).

    Non-bank financial institutions provide essential services to underserved populations, including SMEs, without accepting deposits like commercial banks. Cardoso praised the adoption of the Model Act for Non-Bank Financial Institutions, a legislative milestone aimed at harmonizing supervisory practices across the WAMZ.

    Highlighting fintech innovations, Cardoso noted the rise in fintech loans, crypto, and stablecoin assets. He stressed the importance of monitoring these trends, as their increasing volumes pose significant risks to financial stability. Cardoso urged supervisors to bolster cybersecurity frameworks and adopt risk-based supervisory approaches to mitigate these risks.

    Yaw Sapong, Chairman of the College, highlighted the role of non-bank financial institutions in fostering financial inclusion and economic growth, calling for coordinated policy responses to current challenges. Dr. Olorunsola Olowofeso, Director General of WAMI, emphasized the need for resilience in the financial sector against emerging risks such as cyber threats and climate-related issues.

    The CSNBFI meeting aims to review progress in the NBFI sector and strategize on addressing current challenges, focusing on regulatory harmonization, cybersecurity, and the impact of digital innovations on financial services.

  • Many People Will Not Recognize Nigeria Again Seven Years From Today – Senate President, Akpabio

    The President of the Senate, Godswill Akpabio, has stated that in seven years time, people would not recognize the country.

    The former Governor of Akwa Ibom State stated this while admonishing Nigerians to come together in support of President Bola Tinubu’s administration for its success.

    Since his inauguration last May, Tinubu’s government has faced criticism for ending fuel subsidy on petroleum, leading to a significant increase in the cost of living and putting immense pressure on the people.

    However, during the launch of the Kugbo Bus Terminal in Abuja, Senator Akpabio emphasized that with the backing of the citizens, the Tinubu administration will thrive.

    “I have no doubt that by the time the president is through with his tenure in the country, seven years from today, many people will not recognise FCT, they will not recognise Nigeria again,”     Akpabio said on Tuesday.

    “So, all I can say is: let us continue to pray for him and be hopeful that the challenges you see today, tomorrow, you will see them no more.”

    The Senate President noted that the flag-off of the Abuja project signals the government’s commitment to the welfare of the residents of the FCT.

    “This is for me, another major wonder of President Bola Ahmed Tinubu’s administration. This is a way to cater for a city of this nature. This is a way to cater for the people of the area councils, the FCT residents and visitors alike,” the Senate President said.

    Akpabio also commended President Tinubu for picking Nyesom Wike as the Minister of the Federal Capital Territory (FCT), despite their different political background.

    “So, I believe that you are a square peg in a square hole, and I must thank the President for having the eyes to pinpoint those who can perform and bringing them,” Akpabio told the gathering, describing the project as a hub that will help traffic decongestion, and tackle insecurity among others.

    “He did it in Lagos and today, Lagos is one of the best, one of the largest economies in Africa when we are talking about cities.”

    In his remark earlier, FCT Minister, Wike expressed gratitude to Tinubu and the National Assembly for their backing, assuring the people of the FCT that no development initiatives would be left unfinished in their region.

    He declared that the period of neglected projects was coming to an end.

    The FCT has seen an increase in insecurity lately, with kidnappings posing a significant threat.

    However, Wike said, “When this is completed, what it means is that you have access to the place whether it is raining or not, you are sure of being conveyed on vehicles you can identify: you know who is the one in charge of the vehicle and it would take you to safely to wherever you are going.

    “Again, it would reduce the incidences of one-chance [kidnappers parading private cars].”

    Wike added that “in that case, it reduces insecurity”.
     

  • Week 1 Betking pool code this Saturday July 6, 2024

    Week 1 Betking pool code this Saturday July 6, 2024

    Week 1 Betking pool code for this week Saturday Fixtures, July 6, 2024.

    This newsonline Nigeria portal contains week 1 Betking pool code:  This week Betking Pool Codes for this Saturday pool fixtures 2024 can be accessed here on Ejes Gist Sports.

    Week 1 Betking Pool Code for Saturday Fixtures July 6 , 2024: The Betking Pool codes for this weekend are published every week for informational purposes only. We do not encourage anyone to risk their money. Any row or column left blank on Week 1 Betking Pool Code for this weekend will be subsequently updated during the week. Always check back for updates.

     

    See Related week 1 Bet9ja pool code for this Saturday July 6, 2024

      

    Week 1 Betking Pool Code for this weekend matches fixtures.

     

    Current pool fixtures and Betking pool codes for this week.

    Check back later.

    Betking booking codes for week 1 – See Codes

    It is important to note the following.
    • The betking codes are updated regularly, please endeavour to re-check!
    • Changes to the betking pools codes  can be adjusted anytime.

    This concludes the information regarding the Betking pool code for week 1, which includes a triple this weekend.

    Note: Please return every week to see the weekly code, which will be published as soon as it is available.

     

    Read Also Week 1 pool result 2024: Sat July 6 AUSSIE pool results Wk 1

    Week 1 Pool Fixtures 2024: Sat July 6 AUSSIE Pool fixture wk 1 – poolfixtures

    To view posts related to this week’s Pool Fixture, and Pool Results, use the following quick links.

    That is all the latest Ejes Gist Sports on the Week 1 betking pool codes for this week.  Thanks for using our platform to learn about Betking Pool Codes for this weekend.

    Week 1 betking pool code for this week.

    Week 44 Betking Pool Code

    Please note that Ejes Gist Newsonline Nigeria only published week 1 betking pool codes and betking triple draws for informational purposes and we don’t Endorse it.

     

  • Bet9ja Pool Code for week 1 2024: This Week July 6, 2024

    Bet9ja Pool Code for week 1 2024: This Week July 6, 2024

    Week 1 bet9ja pool code this week Saturday July 6, 2024 pool Fixtures and bet9ja pool result

    This online portal contains Week 1 Bet9ja Pool Code :  This Week 1 Bet9ja Pool Codes for this Saturday pool fixtures 2024 can be accessed here on Ejes Gist Newsonline Nigeria.

     

    The Week 1 Bet9ja Pool Codes 2024 for Saturday Fixtures wk 1: Every week, bet9ja pool result for this weekend football fixtures are published for informational purposes only. More so, any rows that are left blank during the week will be updated. Keep an eye out for the latest updates on Bet9ja Pool Codes for this week.

     

    Also Related: Week 1 Betking pool code this Saturday July 6, 2024

     

     

    Bet9ja Codes for Week 1 Pool Fixtures is free for all those who are interested. 

     

    Week 1 Bet9ja Pool Code for this weekend matches are;

    Check back later 

    Bet9ja booking codes for week 1 – See Codes

    That is the Week 1 Bet9ja Pool Code for this weekend.

    It is crucial to note the following.
    • The Bet9ja codes are updated regularly, please endeavour to re-check!
    • Changes to the Bet9ja pools codes  can be adjusted anytime.

    Current Fixtures Bet9ja Pool Code for this week pool fixture 2024 …

     

    Navigate our website using these quick links to view posts related to this week:

     

    Week 44 Bet9ja Pool Code

     

    That is all there is to the Week 1 bet9ja pool code for this weekend.  This weekend Bet9ja Pool Code is for informational purposes and we don’t encourage or endorsed.

     

    Week 1 Pool Fixtures Sat July 6, 2024: AUSSIE Pool fixture wk 1 | poolfixtures

     

    Thanks for using our platform to learn about Bet9ja prediction and week 1 bet9ja pool code this week. Also visit our page for weekly pool fixtures codes.

  • Portugal vs France Euro 2024 Prediction, How to watch live, stream link

    Portugal vs France Euro 2024 Prediction, How to watch live, stream link

    Portugal vs France in EURO 2024 Quarterfinal Clash.

    Portugal vs France are set to face off in a highly anticipated EURO 2024 quarterfinal in Hamburg on Friday. This matchup sees Cristiano Ronaldo and Kylian Mbappe once again taking center stage.

    Roberto Martinez’s Portugal narrowly advanced past Slovenia in the last 16, winning on penalty kicks. Ronaldo, who had his extra-time penalty saved, was left in tears. The hero of the match was goalkeeper Diogo Costa, who saved all three of Slovenia’s spot kicks. Portugal boasts a supremely talented squad, with stars like Bruno Fernandes, Bernardo Silva, Diogo Jota, and Rafael Leao supporting their veteran talisman, Ronaldo.

    Portugal vs France Euro 2024

    France, under Didier Deschamps, struggled but ultimately overcame Belgium in their last 16 match. Despite not yet hitting their best form, France has managed to advance with the help of own goals and a penalty kick. Kylian Mbappe, recovering from a broken nose, has not yet hit top form, but N’Golo Kante and William Saliba have been excellent defensively. This game, a repeat of the EURO 2016 final, is expected to be decided in midfield.

    How to Watch Portugal vs France

    • Kick off: 3pm ET, Friday, 8:00pm West Africa Standard Time
    • Date : Friday, July 5, 2024
    • Stadium: Volksparkstadion, Hamburg
    • How to watch on TV, stream in USA and Nigeria: Fox Sports, DSTV Sport Channels, Startimes Sport Channels.

    Portugal Team News and Focus

    Portugal’s main concern is their tendency to give up big chances on the counterattack, as seen throughout the tournament. Diogo Costa saved them against Slovenia. Veteran defender Pepe has been excellent and will likely start again due to limited central defensive options. Portugal’s attacking options are plentiful, with Joao Felix, Pedro Neto, and Goncalo Ramos not even featuring in the last 16.

    France Team News and Focus

    France will have at least one change as Adrien Rabiot is suspended due to yellow card accumulation. Eduardo Camavinga is expected to start in midfield alongside Kante and Aurelien Tchouameni. France’s defense, with Mike Maignan in goal, has been solid. The key for France is to create big chances and be more clinical, ensuring Mbappe gets the ball frequently with Antoine Griezmann nearby.

    Week 1 pool result 2024: Sat July 6 AUSSIE pool results Wk 1

    Portugal vs France Euro 2024 Prediction

    Portugal vs France Euro 2024 Prediction: This match feels like a step too far for Portugal. While they have supreme quality in attack, France appears more solid defensively. Portugal vs France Euro 2024 Prediction: Portugal 0-1 France.

    Portugal vs France Head to Head

    Here are the head-to-head results of matches between Portugal vs France:

    • Portugal wins: 6
    • Draws: 3
    • France wins: 19

    Portugal vs France are scheduled to play each other on July 5, 2024, at Volksparkstadion in Hamburg, Germany

    Meet Five Young Players Shining at Euro 2024

  • BREAKING: CBN to sanction banks , Details Inside

    BREAKING: CBN to sanction banks , Details Inside

    CBN Threatens to Sanction Banks for Rejecting Old and Small Denominations of US Dollars. 

    The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) against the continued rejection of old and small denominations of US Dollars. This move follows reports and market intelligence that revealed the ongoing refusal of these notes, a practice deemed unacceptable by the apex bank.

    Read Also : Imo Assembly Suspends Four Members, Details Emerge

    In a circular referenced COD/DIR/INT/CIR/001/017, the Acting Director of the Currency Operations Department of CBN emphasized the need for DMBs to accept all denominations of the US Dollar. The circular highlighted that any bank found rejecting these notes would face sanctions.

    Fayose Asks Tinubu To Release Nnamdi Kanu, Offer Him Contract Like Tompolo, See Details

    What is CBN Saying?

    CBN’s directives aimed at ensuring seamless currency exchange process and maintaining confidence in the banking system’s operations regarding foreign currency transactions.

     

    More details to come .

  • Imo Assembly Suspends Four Members, Details Emerge

    Imo Assembly Suspends Four Members, Details Emerge

    Imo State House of Assembly Suspends Four Members Over Alleged Move to Impeach Speaker

    The Imo State House of Assembly has suspended four members for allegedly attempting to impeach the Speaker, Chike Olemgbe. The Speaker announced this development on Tuesday. The suspended lawmakers are Samuel Otuibe (Ahiazu-Mbaise), Henry Agbasonu (Ezinihitte-Mbaise), Chidiebere Ogbunikpa (Okigwe), and Dominic Ezerioha (Oru-West).

    Details of the Suspension

    Speaker Olemgbe revealed that the decision to suspend these members was made during an executive session. He also announced that all standing committees assigned to the suspended members have been withdrawn.

    Breaking: Deputy Governor’s Wife is Dead

    During the plenary session, the Speaker carried out minor reshuffling of the standing committees. Some of the suspended members who were present during the announcement declined to comment to the press.

    Fayose Asks Tinubu To Release Nnamdi Kanu, Offer Him Contract Like Tompolo, See Details

    Official Confirmation

    The Speaker’s Chief Press Secretary, Peter Uwa, confirmed the suspension to Vanguard in Owerri. When questioned about the suspension, Uwa stated that it was announced directly by the Speaker, Chike Olemgbe.

     

    He explained the reason behind the suspension: “For hatching and scheming an impeachment plan and inciting members to impeach the Speaker of the Imo State House of Assembly, it was the reason they were suspended. Nobody moved the motion for their suspension; it came as an announcement from the Speaker.