“We have no hands in Kawus Travails” -Tinubu, Dele Alake Debunk Accusations

The embattled Director General of the Nigerian Broadcasting commission, I’shaq Modibbo Kawu, has been in the news in recent weeks for all the wrong reasons. Kawu has been allegedly suspended from office and arraigned in court for allegedly signing a mind boggling N2.3bn Digital Switch Over (DSO) contract payment without following due process amongst other damning accusations. While Nigerians remain mesmerized by the revelations of huge fraud at the NBC, anonymous reports have been making the rounds accusing the national leader of the APC, Asiwaju Ahmed Tinubu, Information Minister, Alhaji…

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NDLEA unearths airport cartel planting hard drugs in passengers’ luggage

National Drug Law Enforcement Agency (NDLEA) has uncovered a cartel, which specialised in planting illicit drugs in travellers’ luggage. The NDLEA Chairman, Col. Muhammad Abdallah (rtd), disclosed this in a statement. The cartel was uncovered after NDLEA detectives embarked on investigation of a Nigerian lady identified as Zainab Aliyu. Zainab was accused of entering Saudi Arabia with tramadol. The implication in this discovery by NDLEA was the realisation that many Nigerians arrested and executed for drug trafficking in Saudi Arabia might be innocent. Zainab was arrested by Saudi Arabia Police…

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IT SHOULD BE HON. NKEIRUKA ONYEOCHIA (Opinion)

By – Eberekpe Ogho Twelve years ago a woman, Patricia Olubunmi Foluke Etteh, was the Speaker of the Nigerian House of Representative from June until October 2007. Only for five months. And nobody is saying anything about this political rigidity to this day except some selfish desire by the men to pursue and cling on to an undeserved management and power. It is time something is said about it and the moment is urgently now. Now, the men folk, the APC and the entirety of the government of this country…

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Quit Now! Transparency Centre Tells NBC DG

i A civil society organization involved in probity activism, Transparency Centre, has called on the Director-General of the National broadcasting Commission, NBC, Ishaq Modibbo Kawu, to quit office as the ICPC is said to have concluded arrangements to arraign him and others before an Abuja Federal High Court over alleged diversion of public funds. There has been searchlight on Ishaq Modibbo Kawu and a private firm, Pinnacle Communication Nigeria Limited, over alleged diversion of N2.5billion naira to the private communication company. In a statement issued by Transparency Centre Program Officer,…

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Tunde Fowler, Hameed Ali, Other Agency Heads, Ordered to Submit Handover Notes

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23. The directive, Daily Sun learned, was contained in a circular with reference no: FMF/PSSD/HON/32 dated April 8, 2019, and signed by the Minister of Finance, Zainab Shamsuna Ahmed.…

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Kawu, NBC DG, suspended

Information at the disposal of Daily Sun indicates that the Board of the National Broadcasting Commission (NBC), has suspended the Director-General of the body, Is’haq Modibbo Kawu. The suspension, according to a source, was hinged on the digital switchover crisis. But Kawu, in a swift reaction, told Daily Sun that he remained the Chief Executive of NBC. Kawu denied knowledge of his removal, saying that he was yet to see the letter of suspension. “I don’t know. I don’t know seriously. Do you have the letter? Ok! I don’t know,” Kawu told Daily Sun.

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Standard Chartered Bank pays $657m to settle OFAC violations

By Harry Cassin |  Standard Chartered Bank agreed Tuesday to pay $657 million to the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) to resolve sanctions violations primarily related to Iran, with other violations involving current or former sanctions on Cuba, Sudan, Burma, Syria, and Zimbabwe. StanChart paid $639 million for the Iran sanction violations, together with violations involving Cuba, Sudan, Burma, and Syria. OFAC called that the “global settlement.” London-based StanChart settled the Zimbabwe sanction offenses separately, paying OFAC about $18 million. In the global settlement, OFAC said…

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Fidelity Bank Realigns for Next Growth Phase, Appoints New Executive Directors

Lagos Nigeria:  As part of corporate realignment and repositioning for the next growth phase, the Board of Directors of Fidelity Bank Plc has announced the appointment of three new Executive Directors. The Board which met in Lagos recently, approved the appointment of Gbolahan Joshua as Executive Director/Chief Operations and Information Officer; Obaro Odeghe, Executive Director, Corporate Bank and Hassan Imman, Executive Director, Northern Directorate, subject to the approval of the Central Bank of Nigeria (CBN). Gbolahan will have executive responsibilities for Operations, Technology, Digital Banking, Investor Relations, Strategy and Business…

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N42bn Fraud Rocks Ministry of Trade & Industry…Minister in hot mess!

A very strange event on Monday last week, April 1, and it was no April Fool prank. Minister of Industry, Trade and Investment Dr Okechukwu Enelamah appeared before the Senate Committee on Industry, Trade and Investment to defend his ministry’s 2019 budget proposal. The committee, chaired by Senator Sabo Mohammed [APC Jigawa], accused the minister of trying to appropriate N42 billion in federal funds to a private company. Enelamah presented a booklet containing 2019 budget proposals for his ministry’s 17 agencies. When he finished, committee chairman Sabo Mohammed referred him…

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Emefiele Summoned Over Missing N33bn Pension Fund

The House of Representatives has summoned Central Bank of Nigeria (CBN) Governor, Godwin Emefiele and others over missing N33 billion pensions fund. The Emmanuel Agbonayinma-led Ad-hoc Committee probing activities of the National Pension Commission (PenCom) and violation of PenCom Act also summoned Accountant General of the Federation (AGF), Ahmed Idris and Acting Director General PenCom, Aisha Dahir Umar over the issue. Agbonayinma said they are to appear before the committee next Tuesday to explain what happened to the fund between January and April 2017. The lawmaker, who met with stakeholders…

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