An Economic and Financial Crimes Commission (EFCC) investigator, Mr Samuel Adelana on Friday told an Ikeja Special Offences Court how a cleric, Ayodeji Olorunfemi, allegedly defrauded an octogenarian of N36.5 million. Olorunfemi is standing trial on a three-count charge bordering on obtaining money under false pretenses and stealing. Adelana, a police officer with EFCC, was led in evidence by counsel to the commission, Mr Ahmed Yerima. He said that his team received a petition signed by one Mr Adedayo Olayide on behalf of the complainant, Mrs Tawakalitu Ilumooka, against the defendant, sometime in 2018. The investigative officer said that his team began investigation by…
Author: Newsdesk
President Muhammadu Buhari has urged the leadership of the National Assembly to stop the practice of approving special budget for government enterprises by committees of the parliament. Buhari made the call when he presented the 2023 Appropriation Bill of N20.51 trillion to a joint session of the National Assembly on Friday in Abuja. The president recalled that the budget of Government-Owned Enterprises (GOEs) had been integrated into the 2019 budget submission. According to him, this has helped to enhance the comprehensiveness and transparency of the Federal government budget. Buhari, however, observed that some GOEs liaise directly with relevant committees of…
President Muhammadu Buhari says the federal government has allocated N470 billion for revitalisation of tertiary institutions in the country in 2023. Buhari said this when he presented N19.7 trillion 2023 budget to a joint session of the National Assembly on Friday in Abuja. The president said that government was unhappy with the crisis that had paralysed activities in the public universities in the country. According to him, we expect the staff of these institutions to show a better appreciation of the current state of affairs in the country. “In the determined effort to resolve the issue, we have provided a…
President Muhammadu Buhari has said that the Federal Government has provided N470 billion in the 2023 Budget for revitalisation and salary enhancements in the tertiary institutions. The President said this when he presented the 2023 Appropriation Bill of N20.5 trillion to a joint session of the National Assembly. The budget is tagged “Budget of Fiscal Sustainability and Transition”. Buhari who said that the amount was from constrained resources was aimed at revitalisation and salary enhancements in the tertiary institutions. “The Government notes with dismay the crisis that has paralysed activities in the public universities in the country. “We expect the…
The Attorney-General of the Federation (AGF), Abubakar Malami has said that about 10 witnesses would testify in a suit filed against Prof. Obiajulu Obikeze and four others over allegations bordering on forgery of chieftaincy documents. Counsel for the AGF, Ewere Aliemeke, made this known on Friday before Justice Inyang Ekwo of a Federal High Court, Abuja. Upon resumed hearing, Aliemeke, who held the brief of Joe Agi, SAN, informed that the matter was scheduled for report. “We are pleased to inform the court that we have been able to retrieve the file of the case from the Office of the Attorney General of the Federation,” he…
The Court of Appeal has permitted the Academic Staff Union of Universities (ASUU) to appeal the ruling of the National Industrial Court (NIC) ordering the union to call off its strike. However, the appellate court granted the application on the condition that the union obeys the ruling of the lower court and calls off the strike immediately pending the determination of the substantive suit The court gave ASUU seven days within which to file the appeal. The National Industrial Court on September 21, ordered ASUU to call off the strike. The court granted the motion on notice filed by the…
China’s external financial assets stood at $9.1563 trillion at the end of June and the external financial liabilities reached $7.0746 trillion resulting in over $2.0816 trillion of net external assets. The State Administration of Foreign Exchange said external financial assets, reserves assets reached $3.2466 trillion, accounting for 35 per cent of the total. It also said direct investment assets stood at $2.6039 trillion, accounting for 28 per cent of the total. “In external liabilities, direct investment liabilities were $3.5874 trillion or 51 per cent of the total, while portfolio investment liabilities were $1.9633 trillion or 28 per cent of the…
The Court of Appeal has ordered the Academic Staff Union of Universities (ASUU) to call of the strike immediately as it is the only condition that the union’s request to appeal the ruling of the National Industrial Court which ordered the union to call off its strike will be given effect. The court, however, granted the application on the condition that the union obeys the ruling of the lower court and calls off the strike immediately pending the determination of the substantive suit. The court gave ASUU seven days within which to file the appeal following the obedience of the…
Prof. Mahmood Yakubu, the Chairman, Independent National Electoral Commission (INEC), on Thursday reiterated that votes cast by electorate would determine the outcome of the 2023 general elections Yakubu, who spoke at the 6th Annual Conference of the Guild of Corporate Online Publishers (GOCOP), also urged the media gurus to help fight fake news. He spoke on “2023 Elections: Managing the Process for Credible Outcome”, in Lagos. Yakubu, who commended the leadership as well as membership of GOCOP for extending invitation to him, said INEC cherished the support of the online media. The INEC boss reminded the publishers to be aware…
The ASUU Strike is now on its 236th day, that is seven months and 24 days. Yet another full academic session has been lost to strike by academics in public universities in Nigeria. The most important victims ae over two million students in public universities who have been denied access to their places of learning. University lecturers are also angry, unpaid and hungry. They are above all clueless as to why the strike tactics they have used for fourty five years is still not working. The mediators – traditional and religious rulers, legislators, university council chairs are talking to both…