“Following this Court’s ruling, Kano State Government has directed the State Commissioner of Police to remove the deposed emir of the eight metropolitan local governments from the Government property where he is trespassing as the Government has already concluded arrangements for the general reconstruction and renovation of the property including the demolishing and reconstruction of the dilapidated wall fence with immediate effect.”
Author: Abdoulaye Kay
He now holds a 9.41% stake in the bank, after acquiring N18.9 billion worth of the group’s shares in the NGX today, June 20.
“Out of the new domestic borrowing of N6 trillion, we have raised N4.5 trillion. For the Ways and Means, out of seven trillion approved for securitisation, we have raised N4.905 trillion. The financial sector has come a long way, and this is another strategic meeting to chart a way forward.”
The breakdown of the total debt as of March 31, 2024, shows that the domestic debt component was N65.65 trillion (approximately $46.29 billion), while the external debt component amounted to N56.02 trillion (approximately $42.12 billion).
The Federal High Court in Kano has abrogated the law promulgated by the State Assembly to dissolve the four Emirates created by former governor Abdullahi Ganduje. The presiding judge, Justice A.M. Liman gave the ruling on Thursday. The Kano House of Assembly had repealed the law after which Governor Abba Kabir Yusuf implemented it by dethroning Alhaji Aminu Ado Bayero as Emir of Kano. The governor also reversed the creation of four emirates, Bichi, Rano, Karaye and Gaya, and sacked the Emirs appointed by his predecessor, Dr. Abdullahi Umar Ganduje. Earlier today, the court had adjourned its ruling on the…
The ruling was initially fixed for 12pm but the shift was announced before midday.
The appellant also prayed the court to stay execution of all orders particularly the Exparte Order granted on the 23rd of May 2024 by the lower court pending the hearing and determination of the Appeal presently before the Court.
Fubara has also mandated the Auditor General of the State to begin the audit of the accounts of the 23 Local Government Areas for the past three years.
Just recently, African Export-Import Bank (Afreximbank) disbursed $40-million Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support the bank’s acquisition and recapitalisation of Union Bank UK as part of its international expansion programme. Provided in two tranches of $20 million each, the first tranche of the facility enabled Fidelity to part-refinance the acquisition of 100 percent equity stake in Union Bank UK, while the second tranche was used to support its recapitalisation via the injection of additional equity into the acquired bank, as approved by the United Kingdom’s regulator.
Ronaldo, 39, playing at a record-extending sixth European Championship, was denied by Stanek on three occasions as Portugal constantly looked to find the competition’s all-time top goal scorer.