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Nigeria Deposit Insurance Corporation, NDIC, announced it will begin investigating directors of the 183 banks that recently had their licenses revoked. This was disclosed by the Managing Director of the NDIC, Mr Bello Hassan at a one-day capacity-building workshop for law enforcement agencies on Thursday in Lagos. The NDIC says it plans to work with the Economic…
Ijaw Elders Forum, a coalition of Ijaw groups, has written to President Bola Tinubu to demand a review of procedures in disposal of vessels and trucks seized for complicity in oil theft. The letter, dated 31 July and sighted by the NewsEmbassy on Thursday, condemned the menace of oil theft on the Nigerian economy and the…
“Whenever the militants visit a village, they will ask the chief to call all the people to listen to their message. The militants will say to people that they are against the government, that they want everybody to become Muslim and that those who refuse to obey will be slaughtered.” These are the words of…
Abia State Police, has confirmed the arrest of the General Overseer of the Agape Evangelical Ministry, Bishop Timothy Otu, over the death of a female evangelist, Mrs Happiness Echieze, in a hotel in Aba. Police Public Relations Officer, Abia State command, ASP Maureen Chinaka, explained that Otu had checked into a hotel in Obingwa council…
NNPCL, The Nigerian National Petroleum Company Limited has secured a $3 billion crude repayment loan to support the naira and stabilise the foreign exchange market, a terse statement posted on the official account of the company on X (formerly known as Twitter) said on Wednesday. The statement noted that the oil company secured the funding…
Kebbi CP, Kebbi State Commissioner of Police, Titus Musa, on Thursday at the state police headquarters in Birnin Kebbi decorated no fewer than 158 police officers from the ranks of Inspectors to Superintendents of Police. In a statement issued by the Command’s image maker, SP Nafiu Abubakar, the decoration was in line with the police…
N10 million bribery allegation that hit the National and State Houses of Assembly Election Petition Tribunal sitting in Kano, the Kano State Branch of the Nigerian Bar Association, NBA has called on the Tribunal to unmask and reveal identity of lawyers involved in the act. It was gathered that the Presiding judge of the Tribunal,…
Breaking News: Men of Operation Delta Safe, OPDS, have arrested three suspected crude oil thieve and seized a vessel and two tankers used in carrying out illegal activities in Rivers State. The OPDS operatives seized the vessel used by oil thieves to store their products at the moment in Port Harcourt and arrested one suspected…
Vice President, Kashim Shettima, has commended Google’s N1.2 billion grant initiative for the President Tinubu administration’s one million jobs initiative. Shettima made the commendation when he received in the audience some executives of Google, a leading global technology company, at the Presidential Villa, on Tuesday in Abuja. According to him, the announcement of a grant…
Crypto exchange Binance is shutting down its fiat-to-crypto payment platform Binance Connect, according to reports. The move comes over a year after the platform launched in March 2022, originally named Bifinity. Binance Connect will officially shut down on Aug. 16. “We periodically review our products and services to ensure that our resources continue to be focused…
