money
Kebbi: NSCDC sets up committee to investigate ‘extortion’
File Photo The Nigeria Security and Civil Defense Corps (NSCDC) says it has set up a five-man committee to investigate alleged N1 million extortion by its staff in Kebbi State. The State Commandant of the corps, Alhaji Suleman Ibrahim, made this known at a news conference in Birnin Kebbi on Monday. Ibrahim said, “I have read a report online that my officers have been alleged to have extorted money from a client. ”This has never been the tradition of the Nigerian Security and Civil Defense Corps in the state as one of our core values is serving with integrity, honesty and diligence. “I am not a party to such an incident and I am not aware of it, and I doubt if any of my officers will do such an illegal and unlawful act. ”But still, we will take any allegation serious to its logical conclusi...
Delta governor: We inherited N100 billion unpaid pension under compulsory pension scheme
Gov. Ifeanyi Okowa of Delta on Sunday said his administration inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS). Okowa disclosed this at the third session of the 8th Synod of the Church of Nigeria (Anglican Communion), Ughelli Diocese. The session was held at Bishop Agori-Iwe Memorial Church, Ughelli. Okowa said that the financial burden forced 18 state governments out of 26 that enlisted on the scheme to withdraw, leaving only eight state governments, including Delta, in the Programme. The governor explained that the major challenge which forced the states to withdraw and others not to enrol in the scheme, was the huge backlog running into billions of naira. He said that his administration was up-to-date with payment of pensioners in the old scheme. ...
Lagos: Police arrest protesting Uber, Bolt drivers
The police in Lagos have arrested some members of the Professional E-hailing Drivers and Private Owners Association (PEDPA), the umbrella body of e-hailing ride companies including Uber and Bolt, who had embarked on an industrial action over the services rendered by the platforms. Five drivers, including the president of PEDPA, Idris Shonuga, were arrested on Tuesday. Speaking on the arrest, Kolawole Aina, the Regional Vice President PEDPA, South-west, said the drivers were picked up by the police at the National Stadium in Surulere while they were gathering for a peaceful march to Alausa. Newsmen reported that Bolt and Uber drivers commenced strike on Monday to express their displeasure over the “unfavourable pricing” of the companies and its impact on their business. Shonuga, who listed ...
European Super League shelved as more clubs withdraw
The European Super League collapsed on Wednesday as eight of the 12 founding members from England, Italy and Spain abandoned the breakaway project. The project collapsed after it came under massive pressure from fans, politicians, football officials and even the British royals. Founder and Juventus chairman Andrea Agnelli told Reuters he was reluctantly calling time on the new league. This was after six English clubs withdrew on Tuesday, with Inter Milan and Atletico Madrid following suit and AC Milan indicating they would too. “The voices and the concerns of fans around the world have clearly been expressed about the Super League, and AC Milan must be sensitive to the voice of those who love this wonderful sport,” the Italian club said in a statement. Agnelli said he still believed in the...
Akwa Ibom wins CIRDDOC 2020 best budget transparency award
In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...
Florentino Perez: Cristiano Ronaldo will not come back to Real Madrid
Real Madrid president Florentino Perez has ruled out a return to Santiago Bernabeu for Cristiano Ronaldo and claims to have had no contact with Paris Saint-Germain regarding a move for Kylian Mbappe. Movement in the Spanish capital is being mooted ahead of the summer transfer window, with Perez – who is famed for his ‘Galactico’ recruitment model – being re-elected to remain at the helm of the Liga giants. It has been suggested that efforts will be made to re-sign a five-time Ballon d’Or winner, with Ronaldo having left Real for Juventus as the club’s all-time leading scorer in 2018, but no bid is being lined up to land the 36-year-old Portuguese. Perez has told El Chiringuito: “Cristiano Ronaldo will not come back to Real Madrid. “It does not make sense, he has a contract with Juventus. I...
Nas Hits The Crypto Jackpot Thanks To Coinbase Investment, Celebrates Financial Win On Twitter
HipHopWired Featured Video Source: Bernard Smalls / @PhotosByBeanz83 The only rapper who can honestly say they “ethered” JAY-Z in a battle is now celebrating a huge financial victory. Quietly Nas has been building quite the investment portfolio through his venture capital firm QueensBridge Venture Partners. One of those investments recently has proven to be a very lucrative one for the “One Mic” crafter. On Wednesday (Apr.14), Coinbase Series B went public on the NASDAQ stock exchange with a share price of $381. Nas’ QueensBridge Venture Partners reportedly dropped a large investment in the Coinbase Series B to the sum of $100,000 and $500,000. It is now the largest cryptocurrency exchange in the United States. CoinDesk broke down purchase and reports that at the time, the share price was ...
RCCG apologises to minister over Osun road project
File Photo Minister of Works and Housing, Babatunde Raji Fashola (SAN), on Thursday, dismissed alleged payment of N151million to a firm for a road rehabilitated by the Redeemed Christian Church of God (RCCG) in Osun State. Fashola in his submission before the Senate Committee on Ethics, Privileges and Public Petitions, probing the allegation, said the claim by the church was untrue. He said the 15-kilometer road was awarded to Messrs Cartil Construction Nigeria Limited at the cost of N662.7million by the Federal Government in 2011. He said the Ministry paid N99million as 15% mobilisation fee and N52million to the contractor after the firm achieved 26.2 per cent of work done on the road in March and December 2011, respectively. He insisted that the award of the contract and the subsequent p...
EFCC hands over recovered N67.5 million to victim in Enugu
YouTube The Economic and Financial Crimes Commission (EFCC), has restituted the sum of N67,523,000 to one Mr. Emmanuel Onyekachukwu Onah, a trader based in Onitsha, Anambra State. EFCC spokesperson, Wilson Uwujaren, said Onah’s ordeal started sometime in 2019 when he transferred the sum of N75,760,540.00 to the duo of Tega Esinone and Obiajulu Umeagukwu for onward transmission to his business partner, Crecedor Industrial Co. Ltd in Hong Kong. The suspects converted the money to their own use. After efforts to recover his money from the suspects failed, Onah petitioned the EFCC. The commission in the course of investigating the scam, initiated a non-conviction based forfeiture process which culminated in a December 1, 2020 ruling by Justice I.N Buba of the Federal High Court, Enugu, orderin...
Official: TETFund spends N120 billion on academic staff training since 2008
Academic Staff from public institutions across the country have so far accessed over N120 billion for training, within and outside Nigeria, from the Tertiary Education Trust Fund (TETFund) since its inception in 2008. The Chairman, Board of Trustees of TETFund, Alhaji Kashim Imam, disclosed this on Wednesday when he led a delegation of the fund to the University of Maiduguri (UNIMAID) on an assessment visit. Imam said for 2021 alone, the fund was investing N25 billion on academic staff training and development. Imam said the team was in the university for a verification visit and to assess the impact of the training programmes, through interaction with management and beneficiaries. He noted that the fund had to suspend the sponsorship of academic staff attending international conferences, ...
US company mistakenly deposits $1.2 million into woman’s account
It’s not quite the nearly $1 billion blunder that Citigroup Inc. made last summer, but Charles Schwab Corp. said it accidentally sent more than $1 million dollars to the Fidelity Brokerage Services account of a woman in Louisiana. Schwab blamed an “issue created by a software enhancement” for erroneously transferring $1.2 million in February to the Fidelity account of Kelyn Spadoni, rather than the $82.56 she had requested, according to a lawsuit filed in federal court in New Orleans last month. When the company realized the mistake and attempted to take the money back, it was gone and Spadoni wasn’t answering her phone, the bank said. Spadoni, 33, of Harvey, Louisiana, was arrested earlier this week and fired from her job as a 911 dispatcher, nola.com and WVUE-TV reported, citing the Jeff...
Rivers governor: I haven’t touched one kobo of council funds
Rivers Governor Nyesom Wike has boasted his administration has not touched one kobo belonging to the local government areas. Wike insisted since the council chairmen had their allocations and other revenue in full, they had no reason not to perform. The Governor said his administration had vigorously addressed security challenges in the state to enable all council chairmen deliver dividends of democracy to people at the grassroots. He spoke at the Peoples Democratic Party (PDP) Local Government election grand finale rally in Obio/Akpor Local Government Area at Oginigba Primary School Field on Tuesday. He said: “The state government has provided the enabling environment for every local chairman in the State to perform. Since the inception of this administration, the State government has not...
