Author: Npo_report
By Halimah Olamide United States President, Joe Biden, has announced his withdrawal from the ongoing presidential race. He made the announcement in a social media post on Sunday evening, stating that it had been the greatest honour of his life to serve as president. According to him “it is in the best interest of my party and the country.” “And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling the duties as President for the…
By Halimah Olamide The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Friday, July 19, 2024, has arraigned one Rufus John Isip, a self-acclaimed forex broker before Justice C. S. Onah of the Federal High Court sitting in Uyo, Akwa Ibom State. The anti graft agency made this known in a statement released on Saturday. Isip was arraigned alongside his company, ITM-IT Resources Limited on an eight-count charge bordering on fraudulent conversion, money laundering and obtaining by false pretence to the tune of N2,022,081,172 (Two Billion, Twenty-two Million, Eighty-One Thousand, One Hundred and Seventy-two Naira). Count…
By Halimah Olamide Nigerian medical doctor and visual artist, Dr. Fola David, has broken the world record for the largest canvas painting. He announced the good news via his instagram handle, @foladavid. The exercise which commenced on July 16th is expected to conclude on July 21st at Onikan Stadium. According to him, he’ll be drawing a Nigeria map showcasing her diverse cultures. On Friday, David surpassed the previous record of 629.98 m² (6781.04 ft²) held by Ravi Soni from India. Soni achieved the record in Rajasthan on November 30, 2021. The Nigerian visual artist also revealed that his ultimate goal…
By Halimah Olamide The Special Adviser to the President on Information on Strategy, Bayo Onanuga, has stated that the former Labor Party Presidential Candidate, Peter Obi, should be held responsible for anarchy in the country. He made the assertion via an X post on Saturday morning. According to Onanuga, Peter Obi’s supporters are the people planning mayhem in Nigeria “Don’t be fooled: the malcontents planning to stage nationwide protests are supporters of Peter Obi, the failed presidential candidate of the Labour Party. “And he should be held responsible for whatever crisis emanates from the action.” He wrote. He further claimed…
…Implements Stricter Regulations By Halimah Olamide The Central Bank of Nigeria (CBN) has implemented stricter regulations for managing dormant accounts and unclaimed financial assets in banks and other financial institutions. This was made known in a circular signed by John Onojah, Acting Director, Financial Policy and Regulations Department, CBN on Friday. These new guidelines, is set to be effective and immediately, supersede previous policies issued in 2015. The guidelines, which align with Section 72 of the Banks and Other Financial Institutions Act (BOFIA) 2020, followed engagement and consultations with relevant stakeholders, whose comments and recommendations were considered in the review…
By Halimah Olamide Telecom Operator and service provider, 9Mobile, has denied being affected by any court order. This was contained in a statement signed by the management of the company on Friday. This is following earlier reports in the media dated Friday 19th July, 2024 headlined, “Court Orders 9mobile to Pay N55bn Debt to Keystone Bank.” “The Management of 9mobile wishes to inform the concerned public and critical stakeholders that, contrary to this misleading headline, Emerging Markets Telecommunication Services Limited (EMTS), trading as 9mobile was neither a party to any suit nor affected by the order said to have been…
By Halimah Olamide President Bola Ahmed Tinubu has on Friday stared that the reforms embarked upon by his administration would make Nigeria competitive. He made the assertion when he received a delegation of the international energy company, ENI, led by its Chief Executive Officer, Mr Claudio Descalzi, at the Presidential Villa, Abuja. He commended the company for its proposed new investment in Nigeria and reiterated his vision of making the nation more globally competitive and an investment destination. The president said his administration’s reforms would reposition the nation’s economy by exploring the possibilities of innovative thinking, strategic planning, new technology…
By Halimah Olamide The Joint Committee of the House of Representatives investigating arbitrary rise of cement price in the country, has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market. The committee resolved to visit production plants of the companies after going though their books to ascertain the cost of production with a view to determine a fair price of cement for all Nigerians. The Chairman of the joint committee, Rep. Jonathan Gaza (APC-Nasarawa) made the demand on Friday at a public hearing while quizzing Dangote Cement Company…
By Halimah Olamide The Oyo State Police Command says it has arrested 41 persons for their alleged involvement in armed robbery, rituals, kidnapping, murder and car-snatching, amongst other offences. The Commissioner of Police in the state, Mr Ayodele Sonubi, said this on Friday at the Police Headquarters in Ibadan, while briefing newsmen on the command’s recent achievements. Sonubi said that his men recovered different cars, motorcycles and dangerous weapons from the suspects. He listed the other items to include 11 exotic vehicles, two Ak-47 rifles, 1,346 pieces of 7.62 live rounds of ammunition and N16 million cash, amongst others. He…
By Halimah Olamide No fewer than four students have been reported dead following a bus accident at the University of Ilorin. According to information gathered by correspondent of NPO Reports, the bus was on its way outside the campus when the accident occurred at the main gate of the institution. Additionally, according to eyewitness, some other passengers on the bus sustained varying degrees of injuries. https://x.com/nporeports/status/1813954556398796815?s=46&t=bC9rXNhOjvr-U1ffFr-F3g Meanwhile, the school management in a statement has expressed regret over the tragic incident. The statement was signed by the Director, Corporate Affairs of the institution, Mr Kunle Akogun, on Thursday. The statement read;…