Author: NPO Admin I
By Halimah Olamide The International Monetary Fund (IMF) has predicted further worsening of the value of Naira saying it foresees a 35% further depreciation. The global financial body said the depreciation may bring the exchange to about N2,081 to $1 in the official market rate. The Brenton Wood body said the development may bring inflation rate to about 44%. For Nigeria to come out of the crisis, the organisation said the country would require a number of other fiscal adjustments which is capable of putting further pressure on the citizens. IMF noted that NIgeria has been beset by a plethora…
By Femi Alabi Ovér 26 people were killed and many others injured in Katsina State when Katsina Community Watch Corps and other security agents raided the hide out of terrorists in Katsina. Terrorists killed the Commander, Katsina Community Watch Corps (KCWC) for Kankara LGA, Sanusi Hassan, four local vigilantes and two young men from Birdigau when they clashed with security operatives who raided their hideout at Yar Taipa, Birdigau ‘J’ located between Malumfashi and Kankara LGA. A security personnel from the area told Vanguard that the security operatives were on a mission to dislodge the criminals from their new hideout…
By Femi Alabi The Nigeria Labour Congress, NLC has told the Department of State Service, DSS, not to blackmail and lie against members of the workforce, noting that the organised labour cannot do anything that would compromise the sovereignty of the country. NLC is also worried about the new role that the secret service is assuming, asking DSS when they got the position of the spokesperson of the government. NLC President, Comrade Joe Ajaero, in response to the earlier statement issued by the DSS where it advised the organised labour to shelve the planned peaceful protest queried that if…
By Kamil Opeyemi The Economic and Financial Crimes Commission is set to arraign the immediate-past governor of Kwara State, Abdulfattah Ahmed, for alleged N10bn fraud Tomorrow. The ex-governor has been detained by the EFCC since Monday when he honoured an invitation for interrogation. Credible sources in the anti-graft agency said the ex-governor would be dragged before the Federal High Court in Ilorin, the Kwara State capital. “He is going to be arraigned on Friday at the Federal High Court in Ilorin for diversion of funds, amounting to N10bn,” the source told our correspondent. His Chief Press Secretary, Alhaji AbdulWahab Oba,…
By Femi Alabi Following the controversies that trailed the Edo State Governorship primary of the All Progressives Congress APC, the party on Wednesday has relieved Imo State Governor, Hope Uzodimma of the post of Chairman of the party’s Primary Election Committee for Edo State. Cross River State Governor, Bassey Otu, was appointed as the new Electoral Panel chairman. APC in a statement issued on Wednesday by the National Organising Secretary, Sulaiman Argungu, said the Cross River State governor has now been saddled with the responsibility of conducting the re-run primary election slated for Thursday, February 22. Other members of…
By Femi Alabi Former Head of State of Nigeria, General Yakubu Gowon, has appealed to the Authority of Heads of State and Government of the Economic community of West African States (ECOWAS) to lift sanctions imposed on Burkina Faso, Guinea, Mali and Niger in order resolve the problems amicably. The three countries last month announced that they were pulling out of the bloc following protracted disagreement with ECOWAS over military regimes that toppled democratic governments in the three countries. Gowon in a letter addressed to the Heads of State and Government of the region, appealed to ECOWAS, he read…
By Femi Alabi House of Representatives has urged the Council of Legal Education to suspend proposed increment of Nigerian Law School fees school fees from N296,000 to N476,000. This was sequel to the adoption of a motion moved by the minority leader, Hon Kingsley Chinda and presented by Hon Ginger Owusibe from Abia State. Moving the motion, Owusibe explained that the function of the Council of Legal Education to oversee legal education in Nigeria includes deciding the cost of tuition and other services rendered to students of the Nigerian Law School. He said in exercising its functions, the Council of…
By Femi Alabi Leaders of the Labour Party on Wednesday arrived in Benin, the Edo State capital over the arrest of the party’s National Chairman, Julius Abure. Abure was arrested on Wednesday by Police operatives of Zone 5 Benin for attempted murder, illegal possession of firearms, and related offences. Speaking during a visit to the police facility, LP’s National Secretary, Umar Farouk, said he and some members of the party’s National Working Committee (NWC) as well as some senators were in Benin to know why Abure was arrested. “I have just arrived from Abuja. When I came…
By Halimah Olamide Labour Party on Wednesday confirmed the arrest of its national chairman, Mr. Julius Abure in Benin, the Edo state capital. The party said also arrested was its Edo state chairman, Kelly Ogbaloi. NPO Reported earlier that policemen had arrested Abure after manhandling him. A statement by Obiorah Ifoh, National Publicity Secretary of the party said the Labour Party on Tuesday had a very successful delegate election in Benin ahead of the Party Primaries scheduled to hold on Friday. “The party chairman only this morning along with party governorship aspirants also kept a scheduled security briefing with the…
By Femi Alabi Operatives of the Economic and Financial Crime Commission (EFCC) on Wednesday raided Bureau De Change operators in Sabo, Ibadan, over an alleged Naira/dollar exchange hike. The latest development comes after the National Security Adviser, Mallam Nuhu Ribadu, ordered a crackdown on currency speculators. Confirming the raid, an eyewitness said the current trading rate in the market is around N1900 to N1,940, The eye witness added that the operatives confiscated a lot of cash and arrested ten people. He said, “They took about ten people. Amongst the arrested are people who don’t deal in exchange business, innocent people.…