Businesses
Court orders final forfeiture of ex-Zamfara governor’s money in Zenith, Polaris banks
The Federal High Court, Abuja, on Tuesday, ordered the final forfeiture of former Governor of Zamfara, Abdulaziz Yari’s funds domiciled in Zenith and Polaris Banks. While 56, 056.75 dollars was lodged in Polaris Bank account, the sums of N12.9 million, N11.2 million, 301, 319.99 dollars; N217, 388.04 and 311, 872.15 dollars were kept in different Zenith Bank accounts in the name of Yari and his companies. Justice Ijeoma Ojukwu, in a judgment, held that the former governor had not shown good cause why the order sought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) should not be granted. Yari served as governor of Zamfara between May 2011 and May 2019. The ICPC had instituted a suit, praying the court for the former governor to show cause why the money unde...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Osun: Coronavirus new guidelines are with immediate effect – commissioner
Osun State Government has warned people conducting themselves and their businesses in manners that contravene the new set of COVID-19 management guidelines in the state. According to Commissioner for Information and Civic Orientation, Funke Egbemode, the new guidelines released on Wednesday are with immediate effect. She wrote; “Citizens are informed that every condition in the guideline, including the conditions for the conduct of business, for events, religious activities and the curfew, are with immediate effect. “The government wishes to reiterate that mechanisms are in place for strict enforcement of these guidelines. Citizens are hereby warned to adhere to these non-pharmaceutical safety protocols aimed at protecting them against the virus. Let us cooperate with the government to kee...
Dangote completes Nigeria’s longest concrete road
Makamba Online The Dangote Group has completed Nigeria’s longest rigid pavement located in Kogi State. It is the first of its kind, top engineers say. The 43KM Obajana-Kabba road constructed by Dangote Industries Limited (DIL), has been described by motorists as the country’s most strategic highway that is aiding travellers between the North and the South. Olatunbosun Kalejaiye, the Project Director, said he was excited that the Corporate Social Responsibility Project is being delivered for use by Nigerians, adding that while the rigid pavement has been completed, the company was dressing the shoulders. Site Engineer Samuel Obosi assured that the dual carriage way will be durable and less susceptible to potholes and repairs like asphalt road, adding that it would crash the rate of road acc...
WhatsApp delays data sharing change after backlash
WhatsApp on Friday postponed a data-sharing change as users concerned about privacy fled the Facebook-owned messaging service and flocked to rivals Telegram and Signal. The smartphone app, a huge hit across the world, cancelled its February 8 deadline for accepting an update to its terms concerning sharing data with Facebook, saying it would use the pause to clear up misinformation around privacy and security. “We’ve heard from so many people how much confusion there is around our recent update,” WhatsApp said in a blog post. “This update does not expand our ability to share data with Facebook.” It said it would instead “go to people gradually to review the policy at their own pace before new business options are available on May 15.” The update concerns how merchants using WhatsApp to cha...
PDP raps President Buhari over performance claims
The Peoples Democratic Party, PDP, yesterday berated President Muhammadu Buhari over his stewardship in the past five years, saying he has failed to justify the confidence reposed in him by Nigerians. This is even as the party noted Mr. President’s “illusory self-assessment” has validated its position that “he has since abandoned governance for the luxury and pleasures of Aso Presidential villa, having lost sync with the reality of the devastation his incompetent administration has brought to our nation in the last five years.” In a statement signed by its spokesman, Kola Ologbondiyan, the PDP insisted “that every fair criticism of Buhari’s administration only reveals a litany of failures and a reversal of fortune for our country in the last five years,” adding that, “it is unfortunate tha...
Abuja chamber welcomes FCT tax harmonisation
Abuja Chamber of Commerce and Industry (ACCI) has welcomed the plan by the Minister of the Federal Capital Territory (FCT), Alhaji Muhammad Bello to harmonise tax policies within the territory in order end multiple taxations on by businesses in the territory. The President of ACCI, Alhaji Abubakar, in a statement yesterday, commended the minister for acknowledging the challenges faced by businesses within the territory due to series of levies, charges and taxes from Federal, FCTA and Area Councils. “Multiple taxations within the FCT and the larger national economy has imposed crippling consequences on businesses. “The fallout has been many failed businesses, the rising level of inflation, the non-thriving of existing ones and the lack of capacity to engage many unemployed youths. “We want ...
Normalcy returns to Kwara community after security operatives, drivers clash
Normalcy returned to Ilesha-Baruba community in the Baruten Local Government Area of Kwara on Monday after a Friday clash between security operatives and commercial vehicles drivers. The clash between the security operatives and drivers in the area left at least three persons dead and several people injured from gunshots. Newsmen report that the clash occurred on Friday during a misunderstanding over “bookings’’ between the operatives mounting roadblocks on the Ilesha-Baruba/Chikanda highway and commercial drivers plying the route. The corpses of the deceased, which had earlier been deposited at a morgue in Saki, Oyo State, were brought into Ilesha-Baruba on Sunday night for burial. Newsmen who went round the community reports that the residents have returned to their normal businesses. Ma...
Rivers governor threatens to shut jetty over criminal activities
Governor Nyesom Wike of Rivers State has threatened to shut down the Bonny-Bille-Nembe Jetty in Port Harcourt which conveys travelers to various riverine communities in the state if cases of criminality or physical violence in the area continued. The governor said the zeal to provide an enabling environment for sea travelers and boost the marine economy of the state spurred his administration to remodel the once dilapidated jetty first built in the 1950s. Wike stated this at the commissioning of the remodeled Bonny-Bille-Nembe Jetty by the Governor of Sokoto State, Rt. Hon Aminu Tambuwal on Saturday. The governor in a statement by his media aide, Kelvin Ebiri Wike, said he decided to remodel the once filthy and disused jetty because he firmly believes that the people of the state deserve t...
#EndSARS: It’ll take long to rebuild destroyed property – Governor Sanwo-Olu
Governor Babajide Sanwo-Olu of Lagos State, said, yesterday, that it would take the state time to rebuild the properties destroyed during the EndSARS protests. This came on a day the Lagos State government disclosed that the 2021 budget of N1.164 trillion would be funded from a revenue estimate of N971.028 billion in the fiscal year, with a target on the expansion of tax nets. Governor Sanwo-Olu stated this while briefing State House correspondents, after meeting behind closed doors with President Muhammadu Buhari, at the Presidential Villa, Abuja. He said the meeting dwelt more on the second wave of the Coronavirus pandemic, security situation and the impact of the #EndSARS protests in the state. On rebuilding Lagos after the EndSARS protests, he said: “It is also some of the things I dis...
PDP sets agenda for Lagos governor in 2021
The Lagos State Chapter of Peoples Democratic Party has advised Gov. Babajide Sanwo-Olu to strive hard to provide satisfactory dividends of democracy to residents of the state in 2021. The state PDP Publicity Secretary, Taofik Gani, said this in an interview with the News Agency of Nigeria in Lagos, while assessing Sanwo-Olu’s performance in 2020. “As a constructive opposition party, the year 2020 was not satisfactory in terms of dividends of democracy to Lagos residents. “Most of the local council chairmen performed below average, Sanwo-Olu should look into that because the chairmen are putting too much pain on the people due to their abdication of duties. “We are indeed very anxious to take over government as an opposition party in Lagos,” Gani said. According to him, the party shared wi...
PDP: Nigerians fed up with President Buhari’s government
The Peoples Democratic Party (PDP), on Sunday, maintained that Nigerians have become fed up with the Muhammadu Buhari administration and are now rallying under the main opposition party. In a statement issued in Abuja by its national spokesman, Kola Ologbondiyan, the PDP described the recent attack on it by presidential spokesman, Garba Shehu, “as a feeble kick of a weak horse, in another failed attempt to beguile Nigerians.” Recall that the presidential spokesman had described the PDP as “a university of lies.” The PDP said it is not surprised that “the Buhari Presidency is rattled by the bitter truth that Nigerians are fed up with President Muhammadu Buhari as well as his All Progressives Congress (APC) and are rallying on our platform to rescue our nation from misrule.” The party noted:...
