money
LOC: Nigerian government yet to release funds for 20th National Sports Festival
The Federal Government is yet to release the funds it promised Edo for the hosting of the 2020 National Sports Festival (NSF) with less than a week to its commencement. Musa Ebomhiana, a Project Manager in the Media and Communications Sub-Committee of the festival’s Local Organising Committee (LOC), disclosed this on Sunday in Benin. He told newsmen however that, while the Edo State Government still remained hopeful the fund would be released, an early release would be better. “This will ensure smooth planning for the nation’s number one sports fiesta,” he said. Ebomhiana pointed out that the need to have a smooth planning was the reason the state’s Deputy Governor, Philip Shaibu, had last week appealed for the funds’ early release. “We are taking seriously the promise by the Minister of Y...
Former Roma boss, online fan clash over Mo Salah sale
Four years after Mohammed Salah was sold to Liverpool for £35m a die-hard Roma fan has hauled pebbles at the decision describing it as undue emphasis on money over quality. Former Roma president James Pallotta locked horn with a fan who from all indication was ready to throw blows should the need arise. Salah has starred for Liverpool ever since leaving Roma in 2017 for £35m. The unamed fan took Pallotta online , suggesting it was all about money, claiming Roma only cared about Financial Fair Play regulations. He posted to social media: “Replacing Salah with [Patrik] Schick is confirmation of the inability of a company that constantly sells the best players. “You’re not good enough at turning omelettes, trust me.” Pallotta replied: “You still show ignorance by ignoring fact that Salah want...
EFCC chairman: I will resign If asked to do anything contrary to my conscience
The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said that he will resign if he’s asked to compromise. This is as he vowed to ensure that corruption in Nigeria is gotten rid of, saying the “rule of law and fear of God shall be his guiding principles.” The EFCC boss said this on Friday, March 26, 2021, when he featured in a Nigerian Television Authority interview programme One-on-One. His words were disclosed in a statement titled ‘We’ll rid Nigeria of corruption – Bawa Vows,’ which was issued on the official Twitter handle of the EFCC. “We need to change our attitudes in Nigeria,” Bawa was quoted to have said. “We are in the habit of worshipping people that have money in the society, but never bother to ask questions about their source of income. In winn...
Interpol: Fake coronavirus vaccines are being sold online
The International Criminal Police Organisation (INTERPOL) has warned against the purchase of COVID-19 vaccines online. INTERPOL noted that criminals have started producing and selling fake vaccines through online platforms. The law enforcement organisation, in a statement published on its website, said members of the public that purchase such fake vaccines are at risk of serious health hazards. “With criminal groups producing, distributing and selling fake vaccines, the risks to the public are clear: these can include buying a product which not only does not protect against COVID-19, but poses a serious health hazard if ingested or injected. Such products are not tested, regulated or safety-checked,” the statement read. “Legitimate vaccines are not for sale. They are strictly administered ...
Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
Niger governor decries level of corruption in Nigeria
The Niger State Governor, Alhaji Abubakar Sani Bello, has decried the level of corruption in the country’s political and economic environment, insisting that corruption is endemic in all the facets of the nation’s life. Speaking at a two-day ‘Get involved leadership’ training in Minna Wednesday, Governor Bello said: “The problem with Nigeria today is enormous, every sector is corrupted. There is no country that can develop with the level of corruption we have. According to the governor, “When you have a system where only limited or few people are transparent, the system can never work.” He submitted that as a result of the high level of corruption in the polity, political positions either elective or those appointed have always gone to the highest bidder, a development he described as unac...
Nigerian government tenders foreign currency in ‘money laundering’ trial of ex-NAF chief
The Federal Government, on Thursday, tendered before the Federal High Court, Abuja, different currencies of dollars stashed in three bags as evidence in the money laundering charge against Air Commodore Umar Mohammed (rtd.) Counsel to the Attorney General of the Federation (AGF), Magaji Labaran, tendered the bags of money before Justice Inyang Ekwo while leading the only witness in the case, Stephen Olatubosun, in evidence. Newsmen report that Mohammed (1st defendant) and his company, Easy Jet Integrated Service Ltd (2nd defendant), are being charged with three counts bordering on money laundering, illegal possession of firearms and possession of classified documents without lawful authority. The retired air officer and his company are alleged to have received the sum of one million, thirt...
Group urges service chiefs to fish out criminal elements
Following the activities of armed bandits in the country, group has charged the new service chiefs to address the current Insecurity situation in the North East, particularly Maiduguri, which they noted,was the epicenter of insecurity in the country. By way of appeal the group urge the new security heads adopt a new strategy, hit the ground running by relocating to the theatre of the war against terrorists for at least six months in the first instance and not national tour. In a statement, Wednesday, the experts operating under the aegis of Coalition of Concerned Nigeria Security Experts noted that two months after the current security chiefs assumed office, insecurity was assuming a new dimension. In the statement by its National Coordinator, Prof. Otedola Adekunle and National Secretary,...
AFCONQ: Super Eagles boss wary of Benin ahead of crucial game
Nigeria national team coach Gernot Rohr believes the Republic of Benin will be a hard nut to crack, given their recent performances. The three-time African champions will square off against the Squirrels at Porto-Novo’s Stade Charles de Gaulle on Saturday. Michel Dussuyer’s men are on a five-game unbeaten run, having last tasted defeat against the Super Eagles in their first Afcon qualifying game in November 2019 Their home form has also been spectacular, given they have not lost for eight years, having last tasted defeat against Algeria in 2013 and Rohr has warned his side to be battle-ready for the encounter. “Benin have not lost a match for eight years at home, the last time they lost was in 2013 so you can imagine that we want to be the first team to win there in eight years,” Rohr tol...
Nigerian senate wants travel passport documents renewable abroad via post
The Senate is making moves to make it easier for Nigerians in diaspora to renew their passport documents. It specifically wants to make it possible for Nigerians to be able to renew the documents abroad via post. The lawmakers also want more centres where passports can be renewed abroad as well as the removal of ‘middlemen’ in the process. These are some of the resolutions the lawmakers took on Wednesday after they deliberated a motion on the “urgent need to remove the difficulty faced by Nigerians outside of the shores of Nigeria in renewing their Passport” sponsored by Matthew Urhoghide (PDP, Edo South). The move by the Senate comes at a time when Nigerians both within and outside Nigeria have decried difficulty in the process of obtaining a new travel passport as well as renewing one. A...
TUC opposes sale of Port Harcourt refinery
File Photo The Trade Union Congress (TUC) is opposed to the sale of the Port Harcourt Refinery as canvassed by many Nigerians, its secretary-general, Musa Lawan, has said. The Federal Executive Council last week approved $1.5 billion (about N600 billion) for the rehabilitation of the 210,000 barrels per day refinery. The FEC approved the amount at its virtual meeting presided by President Muhammadu Buhari. The approval came amidst a controversial price increase in the pump price of petrol that was later reversed. Although Nigeria has four refineries, all government-owned, it currently imports virtually all its refined petroleum products. The approval for the Port Harcourt Refinery was greeted with mixed feelings as the country in the past spent billions of dollars on refinery maintenance w...
Femi Falana: EFCC can mandate bank MDs, executives to declare assets
The Economic and Financial Crimes Commission (EFCC) is charged with the responsibility of enforcing the provisions of all laws relating to economic and financial crimes, Africa’s leading human rights lawyer, Mr. Femi Falana (SAN) has said. Consequently, according to the senior advocate, the anti-graft commission is empowered to cause investigations to be conducted into the properties of any person as stipulated under Section 7 (1) (b) of the EFCC Act, 2004. Also yesterday, Transparency International (TI) argued that if the provisions of the Bank Employees, etc. (Declaration of Assets) Act, 1986 were effectively enforced, Nigeria could save between $15 billion and $18 billion illicit financial flows (IFFs) annually. Falana clarified the roles of the EFCC in a response to inquiries on whethe...
