A recent ruling by the High Court of the Federal Capital Territory (FCT) in Abuja has resulted in the freezing of the Oyo State Government’s accounts in ten commercial banks across the country. Justice A. O. Ebong issued the order in response to a garnishee proceeding initiated by former council leaders in Oyo State, who…
Petrol prices in Nigeria are experiencing a silent surge, reaching between N660 to N700 per litre across several states, as the yuletide season approaches, according to a recent review by Nairametrics on Monday, December 18. This increase is not merely a festive season phenomenon but is closely tied to the recent removal of fuel subsidies,…
The Federal Capital Territory High Court in Abuja has delivered a verdict prohibiting former Minister of Women Affairs and Social Development, Pauline Tallen, from holding any public office. The court’s decision, pronounced on Monday, stemmed from Ms. Tallen’s disparaging remarks about a Federal High Court decision in Adamawa State last year. The Federal High Court…
Sonny Echono, the executive secretary of the Tertiary Education Trust Fund (TETFund), disclosed that the fund disbursed a whopping ₦320 billion for interventions in tertiary institutions across Nigeria in 2023. This revelation came during Mr Echono’s address to journalists following the TETFund management retreat in Makurdi on Monday. Mr Echono shared that the retreat aimed…
Amidst the ongoing political turbulence in Rivers State, President Bola Tinubu convened a crucial meeting at the Presidential Villa in Abuja. The gathering saw the Rivers State Governor, Siminalayi Fubara, in attendance alongside former Governor Sir Peter Odili, and other influential stakeholders from the state. Notably, the meeting follows the recent clash between Governor Fubara…
Governor Babajide Sanwo-Olu of Lagos State has given a festive boost to public servants by approving a N35,000 wage award for December. Additionally, the governor sanctioned a 50% payment of basic salary as a December bonus for political appointees and public servants. The Head of Service, Bode Agoro, conveyed the announcement in a circular titled…
After the All Progressives Congress’s (APC) presidential primary election, several former aspirants have declared support for Bola Tinubu. Key figures include former Vice President Yemi Osinbajo, Ahmad Sani Yarima, Chief Rotimi Amaechi, Dr. Nicolas Felix, and Dr. Kayode Fayemi. Based on their commitment to the current administration’s success, they’ve decided to set aside their own presidential aspirations for the 2027 elections. They plan to extend an olive branch to candidates from other parties and aim to facilitate cooperation post-elections. A group dinner has been organized as a show of unity and dedication to advancing President Tinubu’s agenda.
The House of Representatives warned ministries, departments, and agencies (MDAs) not to interfere with the traditional January to December budget cycle. The House Committee on Hydrological Services issued the warning after Mr. Clement Nze, Director-General of the National Hydrological Services Agency, presented the performance of the 2023 budget and defended the 2024 budget. Lawmakers accused the agency of overstepping the 2023 Appropriation Act by spending beyond the budget and questioned the early full payments to contractors. The committee requested the NIHSA to promptly present a detailed budget to maintain the annual budget cycle.
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for legislation targeting unexplained wealth in Nigeria to curb criminal activities related to treasury looting. Speaking at the 6th Senator Abiola Ajimobi Roundtable and 74th Posthumous Birthday, Olukoyede emphasized the need for Nigeria to diversify its economy away from oil, suggesting…
Ogun State Governor, Prince Dapo Abiodun, has emphasized the imperative of shifting Nigeria’s economic focus from oil to the non-oil sector for long-term sustainability. Speaking at the 6th Senator Abiola Ajimobi Roundtable and 74th Posthumous Birthday, Governor Abiodun underscored the importance of diversification into mineral resources, agriculture, manufacturing, tourism, and technology. Governor Abiodun highlighted the…