Asset
AfreximBank to support Ogun infrastructural development with $200 million
The African Export-Import Bank (Afrexim) has disclosed its plans to support infrastructural development in Ogun State with an envelope of $200m. The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state. The President and Chairman of the Board of Directors of the Afrexim Bank, Benedict Oramah, who made this known when he led management of the bank on a courtesy visit to Governor Dapo Abiodun at his Oke-Mosan Office, Abeokuta, on Monday, equally said the bank would partner Ogun on ensuring that the 250-bed Specialist Hospital, Abeokuta, is completed and begin operations soon. Oramah, while noting that the bank has been investing heavily in the health sector in Africa to develop vaccines ...
US universities admit about 13,000 Nigerians yearly
US Embassy in South Africa The United States Consulate’s Public Affairs Officer, Mr. Stephen Ibelli, has disclosed that about 13, 000 Nigerian students are admitted in US annually. Ibelli made the disclosure yesterday during the launch of the ‘Windows on America’ Hub at the Nnamdi Azikiwe University (NAU), Awka. He described Nigerians as one of the most dominant immigrant groups in the US. He said that the ‘Windows on America’ hub was aimed at providing Nigerian youths with educational opportunities available in U.S.A “Windows on America” are free spaces that offer services to students to learn about how to study in the United States and how to apply for scholarships to study abroad. “The hub will help to promote mutual understanding between the US and great youths of Nigeria to access inf...
EFCC: Top government officials involved in illicit financial flows
The Economic and Financial Crimes Commission (EFCC), has accused Nigerian leaders and top government officials of aiding the Illicit Financial Flows (IFF) activities in the country. The EFCC also revealed that corrupt government officials and their private sector collaborators used fronts and ownership structures that do not provide sufficient information about the true identities of the natural persons behind the title to hide illicit money and transferred same to safe havens abroad. The Executive Chairman of the EFCC, Mr. Abduralsheed Bawa, disclosed this during a one-day conference that was organised by the Civil Society Legislative Advocacy Centre (CSLAC) on IFF on Corruption in Arbitration in Abuja Bawa, who was represented by the Head of Research Unit, Department of Policy Research a...
Rivers governor: PDP will suffer if I leave
Governor Nyesom Wike of Rivers State has said that his party, the Peoples Democratic Party (PDP) will suffer if he leaves for another party. Wike made the assertion on Monday while briefing newsmen in Government House, Port Harcourt, the state’s capital. Newsmen report that the governor’s claim is coming barely one week after his Cross River counterpart, Ben Ayade, dumped the part for the ruling All Progressives Congress, APC. The governor also claimed that he would win election in any party he joins, stressing that PDP in Rivers State lack political detractor. Governor Wike, who described himself as asset to the national opposition party, accused some members of the PDP’s National Working Committee (NWC) of been “tax collectors”. He said, “If I leave PDP tomorrow, the party will suffer… S...
Minister charges diplomats to change the narratives about Nigeria
The Minister of Foreign Affairs, Geoffrey Onyeama, yesterday, charged officials of the Ministry of Foreign Affairs to change the narratives about the country. Onyeama stated this during the opening of a three-day induction programme for over 350 officers posted to Nigerian missions abroad in the Ministry of Foreign Affairs. Onyeama told the officers that it had been a rocky and bumpy road to get to the point in which they were set to depart the country, adding that he was however glad that the day had arrived. “I am here to rejoice and to express my love for you all and to say that we have to keep hope alive, we have to maintain solidarity. We are in this thing together and by God’s grace, we will all be an asset for our country, Nigeria. That is what it is really all about, about Nigeria,...
Report: Barcelona open to selling Antoine Griezmann for the right price
Italian Sky Sports journalist Matteo Moretto has proclaimed that Barcelona are willing to sell French superstar Antoine Griezmann in the summer if they were to receive an adequate offer, in order to try and ease the pressure on their accounts. After a far from optimal start to his stint in Garnet and Blue, Griezmann has largely managed to turn his fortunes around. He has established himself as a very useful asset for Barcelona, and proved to be an instrumental part of the Catalans’ Copa del Rey triumph. However, despite his turn of form, there has been constant speculation regarding Antoine Griezmann’s departure from Barcelona. Considering the massive cost of his transfer from Atletico Madrid two seasons ago and his high wages, the club might be open to a sale in the summer. The upcoming t...
Elon Musk says he is first SNL host with Asperger’s syndrome
Elon Musk kicked off his “Saturday Night Live” debut by declaring himself to be the first person with Asperger’s syndrome to host the US comedy sketch show. “Or at least, the first person to admit it,” he said. In his opening monologue, the eccentric tech entrepreneur behind Tesla and SpaceX offered an explanation for some of his past eyebrow-raising behavior. “Look, I know I say or post strange things but that’s just how my brain works. To anyone I’ve offended I just want to say, I reinvented electric cars and I’m sending people to Mars in a rocket ship,” he said. “Did you think I was also going to be a chill, normal dude?” Musk has previously drawn criticism for moves like publicly mocking the US Securities and Exchange Commission and calling a cave diver who rescued boys trapped in Thai...
Taraba governor: Senator Alhassan’s demise a personal loss
Taraba State Governor Darius Ishaku has described the death of former minister of Women Affairs Senator Aisha Jumai Alhassan as a personal loss to him. In a statement issued in Jalingo on Friday night and signed br Bala Dan Abu Special Adviser to the governor on Media, Ishaku said that he received the news with rude shock and is still trying to come to terms with it. He described Alhassan as a woman of courage and rare asset who have contributed immensely to the political emancipation of wen and her death would leave a gapping hole on the political landscape of the nation. “Governor of Taraba State, Arc Darius Dickson Ishaku, has received with deep shock news of the death of Senator Aisha Jumai Alhassan, a former governorship candidate in the state and frontline member of the People’s Demo...
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
DPR revokes Addax Petroleum oil mining licences
File Photo The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the Director/Chief Executive Officer, DPR, Mr. Sarki Auwalu, who disclosed this, said it was discovered that over 50 per cent of the assets had remained underdeveloped, which he said was resulting to loss of revenue to the federal government. According to him, “Addax refused to develop the assets and Addax were therefore not operating the assets.” The DPR boss pointed out that going by the country’s Petroleum Act, “the first reason for a revocation is when you discover that...
U.S. Senate confirms Wally Adeyemo as deputy treasury secretary
The U.S. Senate has confirmed Adewale Wally Adeyemo as Deputy Secretary of the Treasury, making him the first Nigerian-American to hold the powerful job. Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules. He is expected to play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments. A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury. The Senate on Thursday confirmed Adeyemo on a voice ...
Grammy: Young Nigerians redefining global music space – APC
The All Progressives Congress (APC) has congratulated Nigerian Afrobeat star, Damini Ogulu popularly known as Burna Boy, and hip hop artist, Ayodeji Balogun musically known as Wizkid, for winning awards at the 63rd 2021 Grammys held in Los Angeles, United States of America. The National Secretary of the Caretaker/Extraordinary Convention Planning Committee, Senator John Akpanudoedehe, in a statement issued yesterday, said the awards crowned the efforts of Nigerian superstars such as Fela Anikulakpo Kuti and others, who were the main progenitors of Afrobeat/Afropop that has become the mainstream music all over the world. According to Akpanudoedehe, “As a party, we are immensely proud that the country’s musical stars are leading the pack of young Africans who are redefining the global music ...
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