Author: darelasisi@gmail.com
The Minister of Power, Bayo Adelabu, has engaged in crucial discussions with power generating companies (GENCOs) and distribution companies (DISCOs) in response to the recent setbacks in power supply experienced in the new year. The minister emphasized the urgency of addressing ongoing blackouts, citing a thorough investigation into the root causes. Adelabu revealed that after investigations, the primary factor contributing to poor power supply is the low supply of gas to GENCOs. To gain firsthand insights, he visited facilities in Olorunshogo, Ogun State, and Omotosho, Ondo State. Resolving the gas supply challenge has been identified as the top priority. During…
As the 2023 Africa Cup of Nations (AFCON) unfolds, Nigeria has positioned itself as the frontrunner to secure the trophy, according to the Opta supercomputer. With a commanding 28.8% chance of clinching the title, the Super Eagles are set for a thrilling quarter-final clash against Angola on Friday. Having navigated through the tournament with a dominant performance, including securing maximum points after the opening draw, Nigeria’s impressive run has solidified their status as top contenders. The elimination of powerhouses Senegal and Morocco has further strengthened Nigeria’s position. Mali follows closely with a 14.7% chance, and host nation Ivory Coast trails…
Former Vice President Atiku Abubakar has called on voters in Saturday’s bye-elections across nine states to reject the ruling All Progressives Congress (APC), accusing them of making insecurity and impoverishment a policy in affected polling units. Atiku, the former presidential candidate of the People’s Democratic Party (PDP), urged electorates in Ebonyi, Yobe, Borno, Kaduna, Benue, Ondo, Taraba, Lagos, and Kebbi to cast their votes for the PDP. Atiku emphasized that voters’ decisions will play a crucial role in determining the country’s readiness for economic and national recovery. He specifically appealed to voters in Ebonyi South Senatorial District to support Barrister…
The Abuja chapter of the Association of Bureau De Change (BDC) Operators has announced the indefinite closure of their business premises, effective from Thursday, February 1, 2024. Abdulahi Dauran, the Association’s chairman, attributed the decision to the scarcity of US Dollars, citing online banking transactions and cryptocurrency as contributing factors. Despite the Central Bank of Nigeria (CBN) clearing verified backlog foreign exchange claims owed to foreign airlines on Tuesday, the official market witnessed a significant dip in the Naira’s value against the dollar. At the official close of the market, some trades were reported at N1,513 per dollar. The Nigeria…
In an appearance on Arise TV’s ‘The Morning Show’ on Thursday, Ned Nwoko, the lawmaker representing Delta North Senatorial District, defended his proposal for a bill allowing civilians to own and carry firearms. Nwoko expressed his belief that lawlessness is rampant in the country, citing incidents of kidnapping by armed robbers, militants, herdsmen, and others. Nwoko criticized the perceived incapability and lack of funding of the police, asserting that citizens receive insufficient support from law enforcement agencies. As a member of the Senate Committee On Police Matters, he highlighted the inadequacy of the police force in terms of equipment and…
The Economic and Financial Crimes Commission (EFCC) has issued a clarification regarding a statement made by its chairman, Ola Olukoyede, concerning a religious sect allegedly involved in money laundering for terrorists. The anti-graft agency emphasized that the term “religious sects” does not specifically refer to a church or mosque but rather to certain groups engaged in questionable financial activities. In a statement titled “EFCC Clarifies Its Chairman’s Disclosures about Alleged Money Laundering by Religious Leaders,” the spokesperson, Dele Oyewale, dismissed interpretations giving sinister motives to Olukoyede’s revelation. Oyewale stated that those attempting to twist the disclosure were engaging in mischief…
The Ondo State Police have apprehended a 22-year-old man, Bakare Ayobami, for allegedly purchasing a car using a counterfeit bank alert. The State Police Public Relations Officer (PPRO), SP Funmilayo Odunlami-Omisanya, revealed this development in a statement issued on Wednesday in Akure. According to the PPRO, the case of cybercrime was reported to the Police on Oct. 26, 2023, involving Bakare Ayobami from Ode Irele in Irele Local Government Area of Ondo State. The incident occurred on Oct. 20, 2023, at approximately 1800 hrs, when Ayobami visited a car stand owned by Mr. Filani Oluwaseun and Mr. Ogbaguwa Oluwasola at…
The Chairman of the Economic and Financial Crimes Commission (EFCC), Barrister Ola Olukoyede, disclosed that the agency has traced N7 billion, suspected to be proceeds of fraud, to a religious organization during a public engagement on youth, religion, and the fight against corruption. Olukoyede explained that during an investigation into a N13 billion fraud case, the EFCC discovered the sizable sum linked to the religious body. The organization swiftly obtained a restraining order to prevent the EFCC from inviting its leaders. Undeterred by the restraining order, Olukoyede affirmed the commission’s commitment to the investigation, stating that they are appealing the…
Digital financial services platform, Opay, is reinforcing the security of users’ funds with the introduction of a new custom short code, as confirmed in an official statement by Opay’s Managing Director, Mr. Dauda Gotring. The newly implemented feature offers users a convenient method to swiftly lock their accounts in the event of a lost or stolen phone or card. Users can activate this security measure by dialing #955*131# to lock their accounts and #955*132# to instantly secure their cards. Explaining the significance of the enhancement, Gotring stated, “Adding another layer of protection, OPay’s advanced fraud detection system actively monitors for…
Police operatives in Ekiti state have apprehended five individuals suspected to be involved in the kidnapping incident that led to the tragic killing of two traditional rulers – Elesun of Esun-Ekiti, Oba David Ogunsakin, and Onimojo of Omojola-Ekiti, Oba Olatunde Olusola. The monarchs were ambushed and killed by armed men on Monday night between Oke-Ako and Ipao-Ekiti in Ajoni local government area as they returned from a security meeting in Irele-Ekiti. The third monarch, the Alara of Ara-Ekiti in Ikole LGA, narrowly escaped the assailants. According to Sunday Abutu, the spokesperson for the state police command, a joint operation involving…