Month: February 2021

Alleged N1.4billion fraud: EFCC Closes Case Against ex-NBA President, Usoro

The Economic and Financial Crimes Commission, EFCC on February 18, 2021 closed its case against a former President of the Nigerian Bar Association, NBA, Paul Usoro, SAN who is standing trial before Justice Rilwan Aikawa of the Federal High Court, Ikoyi, Lagos for an alleged N1.4billion fraud. The EFCC charged Usoro with a 10-count charge…

Sanwo-Olu Approves Over N454m Death Benefits For Deceased Civil Servants

The Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, has approved the payment of Death Benefits to 252 direct beneficiaries and family members of deceased staff. According to the Permanent Secretary, Ministry of Finance, Mrs. Oyeyemi Ayoola, Governor Babajide Sanwo-Olu, approved the release of the First Tranche of the Insurance Benefits totalling N 454,888,253.36. Speaking on…

Elo Iyayi Launches AdTraders To Offer Unparalleled Service To Clients

AdTraders, a young, vibrant and pioneering media buying agency, has been launched to redefine the media buying industry in Nigeria. The agency is for an environment where the only certainty is change said Elo Iyayi, Managing Director of AdTraders. According to Iyayi, no one could have anticipated the effect of Covid-19 on an already fragmented…

NAFDAC Approves AstraZeneca COVID-19 Vaccine For Use

The National Agency for Food and Drug Administration and Control (NAFDAC) has approved the use of AstraZeneca COVID-19 vaccine in Nigeria. In a press conference, Thursday morning, Professor Mojisola Adeyeye,Director-General of NAFDAC said the agency received the dossier of the vaccine from Serum Institute of India on February 10, 2021, and the NAFDAC Vaccine safety…

Abdulrasheed Bawa: Setting The Pace In Fight Against Corruption

By Wole Arisekola The appointment of 40 year old Abdulrasheed Bawa by President Muhammadu Buhari as the head of the Economic and Financial Crime Commission (EFCC), no doubt ushers in a new dawn at the anti-graft agency that has over the years been riddled with leadership crisis since its establishment many years ago during the…

Stanbic IBTC Gives N34.8m In Scholarship to Successful UTME Students

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has awarded scholarships to successful candidates in the 2019 and 2020 University Tertiary Matriculation Examinations (UTME). This was done as part of its aspiration to encourage hardwork and excellence in academic pursuit. The 87 beneficiaries were drawn from the 36 states of the federation and…

Senate Asks Buhari To Declare State Of Emergency On Security

The Nigerian Senate on Wednesday called on President Muhammadu Buhari to urgently declare a state of emergency over the prevalent insecurity in the country. The Senate who in strong terms condemned the kidnap of students and teachers of Government Science Secondary School, Kagara, Niger State, by unidentified gunmen, further called on the President to “consider…

FG Spends N50b Subsidizing Electricity Monthly – Minister of Power

Worried by the incessant complaints by ordinary Nigerians over the unavoidable and periodic increase in the cost of electricity, Minister of Power, Mr Sale Mamman said the Federal Government had been subsidizing electricity supply in the Country to the tune of over fifty billion naira. Aaron Artimas, the Special Adviser, Media and Communications to the…

EFCC Denies Corruption Allegation Against Abdulrasheed Bawa

Few hours after President Muhammadu Buhari nominated Abdulrasheed Bawa on Tuesday for Senate confirmation as the next substantive chairman of the Economic and Financial Crimes Commission (EFCC), news surfaced online that he was arrested and detained by the anti-graft agency in 2019 for selling at least 244 trucks worth between N20-30 million each to his…