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N10b scandal rocks NIPOST’s restructuring plan

The Senate has ordered a probe into the N10 billion restructuring funds released to NIPOST by the Federal Ministry of Finance. This followed the discovery of irregularities in the agency’s subsidiaries – NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited. In its resolution of December 30, 2023, Red Chamber said it uncovered alleged illegal transfer of federal ...

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N17b cash: EFCC detains social investment scheme coordinator

A few hours after her suspension, the Economic and Financial Crimes Commission (EFCC) yesterday arrested the National Coordinator and Chief Executive Officer (CEO) of the National Social Investment Programme Agency (NSIPA), Halima Shehu. She was still being detained as at press time last night. Halima Shehu was picked up in connection with the movement of N17 billion from NSIPA account to ...

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FG suspends accreditation of degree certificates from Benin Republic, Togo

  The Federal Government has suspended the accreditation and evaluation of degree certificates from Benin Republic and Togo. This move followed a report detailing how a degree was acquired from a university in Benin Republic in under two months. “This report lends credence to suspicions that some Nigerians deploy nefarious means and unconscionable methods to get a Degree with the ...

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Full text of President Tinubu’s New Year address

Dear Compatriots, It gives me immense joy to welcome each and everyone of you – young and old- to this brand new year 2024. We must lift up our hands to Almighty God, in gratitude, for His grace and benevolence to our country and our lives in the year 2023 that has just gone by. Though the past year was ...

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Keystone Bank trains over 300 female SMEs on financial literacy in Borno

In a move towards fostering gender equality, inclusiveness, economic empowerment and in promoting the development of the micro, small and medium enterprises in the country, Keystone Bank Limited recently empowered over 300 female-business owners in Maiduguri, Borno State capital. The well-attended event was held at the White Arena Event Centre in Old GRA, Maiduguri, on Tuesday, December 5th, 2023. At ...

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Finally, FG exempts universities, polytechnics from IPPIS

The Federal Government on Wednesday approved the exemption of universities, polytechnics, colleges of education and other tertiary institutions of learning from the Integrated Payroll and Personnel Information System. It said, henceforth, remunerations to staff members of these institutions would no longer flow through the platform. The Minister of the Information and National Orientation, Mohammed Idris, disclosed this to State House ...

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Reasons for naira scarcity – CBN

The Central Bank of Nigeria (CBN) has explained the reasons behind scarcity of naira notes in the country. This comes following a series of complaints by some bank customers on the scarcity of naira notes at the counters, Automated Teller Machines (ATMs), Points of Sale (PoS), and Bureaux de Change (BDCs). In a statement issued by the Corporate Communications Department ...

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BREAKING! House Of Reps Issues Arrest Warrant On CBN Governor, Olayemi Cardoso

The house of representatives committee on public petition has issued a warrant of arrest on Olayemi Cardoso, governor, Central Bank of Nigeria (CBN) for refusing to appear before it to answer questions on their operations. The committee also ordered the arrest of Oluwatoyin Madein, accountant general of the federation, and 17 others. The motion was led by Fred Agbedi, a ...

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HEART OF GOLD!!! Primate Ayodele Launches Palliative Market, Sells Bags Of Rice, Beans, Others For Less Than N5000

HEART OF GOLD!!! Primate Ayodele Launches Palliative Market, Sells Bags Of Rice, Beans, Others For Less Than N5000—-The Leader Of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has launched a palliative market initiative where prices of goods were crashed ridiculously for church members in order to cushion the effect of fuel subsidy removal and economic hardship in the country. The ...

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