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|Nairaland / General / Champions League QF & SF Draw: Chelsea To Play Real Madrid, AC Milan To Face Nap by Worldtopnewsng2: 12:35pm On Mar 17|
Champions League QF & SF Draw: Chelsea To Play Real Madrid, AC Milan To Face Napoli (SEE FULL LIST)
Worldtopnewsng.com on the road to Istanbul, Turkiye, the Champions League quarter-finals and semi-finals, which was held at UEFA’s headquarters in Nyon, Switzerland today (Friday).
Eight teams that make it to the quarter-finals include Spanish giant, Real Madrid CF, FC Bayern Munich, SL Benfica, FC Internazionale Milano, Manchester City FC, Chelsea FC, AC Milan, and SSC Napoli.
Quarter-Final draw (Matches on April 11/12 & 18/19)
* QF 1: Real Madrid CF vs Chelsea FC
|Nairaland / General / Emefiele Bows To Pressure, Says Old N200, N500, N1,000 Notes Remain Legal Tender by Worldtopnewsng2: 10:39pm On Mar 13|
Emefiele Bows To Pressure, Says Old N200, N500, N1,000 Notes Remain Legal Tender Till Dec 31
After the March 3 judgement by the Supreme Court, the Presidency, CBN and the AGF kept mum, throwing many bank customers and Nigerians into confusion as the ruling of the apex court contradicted the directive of the President on February 16 that old N500 and N1000 notes are banned and old N200 notes remain valid till April 10.
However, the Presidency broke its silence on Monday, saying the President never told the CBN and the AGF not to obey the order of the apex court.
“The CBN has no reason not to comply with court orders on the excuse of waiting for directives from the President,” the Presidency noted.
The Presidency also said the President is an absolute respecter of the rule of law and that the “negative campaign and personalised attacks against the President by the opposition and all manner of commentators is unfair and unjust”.
The CBN had extended the deadline for the swap of old N200, N500, and N1,000 from January 31 to February 10 following complaints by many Nigerians but the Supreme Court, after a suit filed by the states, held that the Federal Government, the CBN, commercial banks must not continue with the February 10 deadline pending the determination of a notice in respect of the issue.
However, the President, in a national broadcast on February 16, directed the apex bank to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days — by April 10, 2023. He also said old N500 and N1,000 banknotes cease to be legal tender in Nigeria.
There has been a flurry of reactions and stark criticisms against the President’s directive including from governors of his party, the All Progressives Congress (APC).
Governors Nasir El-Rufai (Kaduna), Abubakar Badaru (Jigawa), Rotimi Akeredolu (Ondo), Umar Ganduje (Kano); Speaker of the House of Representatives, Femi Gbajabiamila; Minister of State for Labour and Employment, Festus Keyamo; and many stalwarts of the ruling APC have openly censured and
|Nairaland / General / INEC Postpones Governorship, State Assembly Elections To March 18 by Worldtopnewsng2: 9:43pm On Mar 08|
INEC Postpones Governorship, State Assembly Elections To March 18
INEC’s decision is coming about three days before the March 11 date earlier scheduled for the state elections.
Basically, INEC needs about 4-5 days to retrain ad-hoc staff on the reconfiguration that they won in court today.
If not postponed, then it would be worse than what happened during the presidential and NASS elections.
|Crime / How Stanbic IBTC Staff Allegedly Converts Multi-million Naira Bad Loan To Person by Worldtopnewsng2: 7:34pm On Mar 05|
How Stanbic IBTC Staff Allegedly Converts Multi-million Naira Bad Loan To Personal Use
Consequently, the presiding Judge, Abimbola Awogboro adjourned till 24th of May, 2023 for report of settlement.
Ajayi Olusola a staff of StanbicIBTC bank was arraigned before the court based on a petition written and jointly signed on behalf of Stanbic IBTC Bank by Kayode Agbetoye
Manager, investigations and Fraud Risk and Rekia Eletu
Head, Investigations and Fraud Risk, the petition titled “Alleged Diversion of Approved Written -off Amounts for Bad Loans by Olusola Ajayi Others.
The petition was written and address to the Commisioner of Police Special Fraud Unit 13b,Milverton Avenue Ikoyi Lagos.Nigeria.
Stanbic IBTC Bank PLC in the said petition stated thus:
We are currently investigating a case of alleged diversion of approved Written-off Loan by some staff members and others. The amount to be written-off, as approved by the Board,were expected to be posted into loan accounts of the beneficiary debtors, to nil off the outstanding loans as provisioned. It was however discovered that the written off amounts
|Nairaland / General / Ohanaeze Ndigbo Leaders Visit APC-ICC Lagos, Pledge Support For Sanwo-olu by Worldtopnewsng2: 8:55am On Mar 03|
Ohanaeze Ndigbo Leaders Visit APC-ICC Lagos, Pledge Support For Sanwo-Olu
Ayinde who is also the Chief of Staff to Governor Babajide Sanwoolu said the Igbo community were not guilty of any crimes for voting for their kinsman, Mr Peter Obi in the just concluded presidential election.
He noted that many Yoruba voters did not come out to vote last Saturday adding that voter apathy was widely responsible for the party’s defeat in Lagos.
He said the Governor, thus, deserves the votes of all residents for a second term in office.
Earlier in his address, the leader of the political wing of the Ohanaeze Ndigbo, Chief Solomon Ogbona pledged their unflinching support for the APC in the March 11 gubernatorial election.
|Nairaland / General / I Won The Election, We'll Explore Legal Options To Reclaim Our Mandate, Says Obi by Worldtopnewsng2: 4:46pm On Mar 02|
I Won The Election, We'll Explore Legal Options To Reclaim Our Mandate, Says Obi
But while addressing a world press conference in Abuja on Thursday, Obi said the election did not meet the necessary requirements and could not be adjudged credible.
The former Anambra State governor insisted that Nigerians were robbed of their true choice, adding that he would pursue justice through court and was ready to challenge the results till he prove his argument.
“The election that we just witnessed had been conducted and the results announced as programmed. It is a clear deviation from electoral rules and guidelines contrary to what we were promised.
“This election did not meet the minimum standard expected of a free, fair, transparent and credible election. It will go
|Nairaland / General / INEC Declares Tinubu Winner Of 2023 Presidential Election by Worldtopnewsng2: 5:32am On Mar 01|
INEC Declares Tinubu Winner Of 2023 Presidential Election
The INEC Chairman, Professor Mahmood Yakubu, announced Tinubu as the winner at the International Collation Centre in Abuja during the early hours of Wednesday.
Tinubu won the election ahead of other contenders — the Peoples Democratic Party candidate, Atiku Abubakar; the Labour Party candidate, Peter Obi; and the New Nigeria Peoples Party candidate, Rabiu Kwankwaso.
The three leading presidential candidates won in 12 states each while Kwankwaso claimed only Kano State.
Tinubu edged Atiku, a former vice president and his closest challenger, with no fewer than 1.8 million votes.
Aside from Tinubu; Obi; Atiku, and Kwankwaso, other candidates that gunned for the nation’s oval office include Dumebi Kachikwu of the African Democratic Congress; Kola Abiola, People’s Redemption Party; Omoyele Sowore, Africa Action Congress; Adewole Adebayo, Social Democratic Party; Malik Ado-Ibrahim, Young Progressive Party; Prof Christopher Imumulen, Accord Party; Prof Peter Umeadi, All Progressives Grand Alliance; and Yusuf Mamman Dan Talle, Allied Peoples Movement.
|Politics / #nigeriadecides: Tinubu Beats Atiku In Ekiti With 111,940 Margin by Worldtopnewsng2: 9:15pm On Feb 26|
#NigeriaDecides: Tinubu Beats Atiku In Ekiti With 111,940 Margin
Third in the line is the Labour Party (LP) candidate, Peter Obi who polled 11,397.
See the results of the 16 local governments:
1. Ilejemeje Local Government
2. ISE/ORUN Local Government
3. EFON Local Government
4. GBONYIN Local Government
5. EMURE Local Government
6. IREPODUN/IFELODUN Local Government
7. IKERE Local Government
|Politics / #nigeriadecides: Atiku, Buhari Cast Their Votes by Worldtopnewsng2: 10:25am On Feb 25|
#NigeriaDecides: Atiku, Buhari Cast Their Votes
The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has cast his vote at his polling unit in Ajiya in Yola North Local Government Area of Adamawa State.
He voted almost two hours after the polls opened nationwide.
Mr Abubakar has repeatedly committed himself to accepting the outcome of the presidential election, provided it is free and fair.
|Nairaland / General / Buhari Addresses Nigerians, Says N500, N1000 Old Notes No Longer A Legal Tender by Worldtopnewsng2: 8:20am On Feb 16|
Buhari Addresses Nigerians, Says N500, N1000 Old Notes No Longer A Legal Tender
I have found it necessary to address you today, on the state of the nation and to render account on the efforts of our administration to sustain and strengthen our economy, enhance the fight against corruption and sustain our gains in the fight against terrorism and insecurity which has, undoubtedly, been impacted by several internal and external factors.
5. For a smooth transition, I similarly approved that the redesigned banknotes should circulate concurrently with the old bank notes, till 31 January 2023, before the old notes, cease to be legal tender.
6. In appreciation of the systemic and human difficulties encountered during implementation and in response to the appeal of all citizens, an extension of ten days was authorized till 10th February, 2023 for the completion of the process. All these activities are being carried out within the ambit of the Constitution, the relevant law under the CBN Act 2007 and in line with global best practices.
7. Fellow citizens, while I seek your understanding and patience during this transient phase of implementation, I feel obliged to avail you a few critical points underpinning the policy decision. These include:
a. The need to restore the statutory ability of the CBN to keep a firm control over money in circulation. In 2015 when this administration commenced its first term, Currency-in-Circulation was only N1.4trillion.
b. The proportion of currency outside banks grew from 78%in 2015 to 85% in 2022. As of October 2022, therefore, currency in circulation had risen to N3.23 trillion; out of which only N500 billion was within the Banking System while N2.7 trillion remained permanently outside the system; thereby distorting the financial policy and efficient management of inflation;
c. The huge volume of Bank Notes outside the banking system has proven to be practically unavailable for economic activities and by implication, retard the attainment of potential economic growth;
d. Economic growth projections make it imperative for government to aim at expanding financial inclusion in the country by reducing the number of the unbanked population; and
e. Given the prevailing security situation across the country, which keeps improving, it also becomes compelling for government to deepen its continuing support for security agencies to successfully combat banditry and ransom-taking in Nigeria
8. Notwithstanding the initial setbacks experienced, the evaluation and feedback mechanism set up has revealed that gains have emerged from the policy initiative.
9. I have been reliably informed that since the commencement of this program, about N2.1 trillion out of the banknotes previously held outside the banking system, had been successfully retrieved.
10. This represents about 80% of such funds. In the short to medium and long terms, therefore, it is expected that there would be:
a. A strengthening of our macro economic parameters;
b. Reduction of broad money supply leading to a deceleration of the velocity of money in the economy which should result in less pressures on domestic prices;
c. Lowering of Inflation as a result of the accompanying decline in money supply that will slow the pace of inflation;
d. Collapse of Illegal Economic Activities which would help to stem corruption and acquisition of money through illegal ways;
e. Exchange Rate stability;
f. Availability of Easy Loans and lowering of interest rates; and
g. Greater visibility and transparency of our financial actions translating to efficient enforcement of our anti- money laundering legislations.
11. I am not unaware of the obstacles placed on the path of innocent Nigerians by unscrupulous officials in the banking industry, entrusted with the process of implementation of the new monetary policy. I am deeply pained and sincerely sympathise with you all, over these unintended outcomes.
12. To stem this tide, I have directed the CBN to deploy all legitimate resources and legal means to ensure that our citizens are adequately educated on the policy; enjoy easy access to cash withdrawal through availability of appropriate amount of currency; and ability to make deposits.
13. I have similarly directed that the CBN should intensify collaboration with anti-corruption agencies, so as to ensure that any institution or person(s) found to have impeded or sabotaged the implementation should be made to bear the full weight of the law.
14. During the extended phase of the deadline for currency swap, I listened to invaluable pieces of advice from well meaning citizens and institutions across the nation.
15. I similarly consulted widely with representatives of the State Governors as well as the Council of State. Above all, as an administration that respects the rule of law, I have also noted that the subject matter is before the courts of our land and some pronouncements have been made.
|Nairaland / General / Nigerian Govt To Extend Validity Of Old Naira Notes Till April 10 by Worldtopnewsng2: 6:00pm On Feb 15|
Nigerian Govt To Extend Validity Of Old Naira Notes Till April 10
The official said that while others were “on the same page with the president”, Nasir El-Rufai, governor of Kaduna state, insisted on total cancellation of the policy.
Buhari, who had earlier delayed attending the federal executive council (FEC) meeting by 40 minutes to monitor the development at the Supreme Court, was disappointed that the governors reneged on their promise to withdraw the case.
He had, after the meeting Wednesday, met with Godwin Emefiele, the CBN governor, and Modibbo Tukur, the director of the Nigerian Financial Intelligence Unit (NFIU), on the need to allow all old notes circulate in the system to ease hardship on ordinary Nigerians.
“The president will not disobey court. But he is also concerned about the suffering of Nigerians and wants the to find lasting solution to it,” the official further explained.
“It is clear that some militancy is being propagated against the people by elite who have the means to secure the new notes no matter what while the people continue to suffer
|Nairaland / General / Protesters Set Ablaze Access Bank Property In Delta State by Worldtopnewsng2: 4:25pm On Feb 15|
Protesters Set Ablaze Access Bank Property In Delta State
This comes under 24 hours after the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, declared that old notes as illegal tender.
In view of the declaration, banks, fuel stations and business owners are now rejecting the old notes across the country.
|Nairaland / General / Emefiele Disobeys S'court Order, Declares Old Naira Notes As Illegal Tender by Worldtopnewsng2: 3:36pm On Feb 14|
Emefiele Disobeys S'Court Order, Declares Old Naira Notes As Illegal Tender
This comes as the Supreme Court earlier restrained the Federal Government from implementing the February 10 deadline for the currency swap.
A seven-man panel of the apex court led by Justice John Okoro, in a unanimous ruling, granted an interim injunction restraining the Federal Government, the Central Bank of Nigeria and commercial banks from implementing the Friday terminal date for the old naira notes.
However, the CBN governor insisted that there was no need to shift the deadline.
He also said that Point of Sale agents who charge above N200 for the CBN cash swap programme will be arrested and jailed when caught.
|Nairaland / General / N195/litre Pump Price: Fuel Marketers Plan Shutdown Monday by Worldtopnewsng2: 8:04pm On Feb 05|
N195/litre Pump Price: Fuel Marketers Plan Shutdown Monday
Ahmed stated, “The information is in order, because the depots that the NNPC gives products to are selling at a higher price, and IPMAN members will not like to leave their stations idle. And to avoid sanctions, it is better to close your station.
“So what is going to happen in essence is that marketers have to buy products using the NNPCL loading tickets, and if they don’t have the tickets, all they have to do is to close down their stations. You have to buy from the NNPCL in order to sell at the government regulated price.”
He said the NNPCL was the only importer and it often gave the product to DAPPMAN to sell to IPMAN members at a regulated rate.
Ahmed added, “They also give the product to MOMAN to sell through the stations of major marketers, but DAPPMAN has to sell to independent marketers because independent marketers do not have depots.
|Crime / Witness Narrates How Amaechi, Njide Ndili Stole $4.7m From Hercules Offshores Ni by Worldtopnewsng2: 5:20pm On Jan 30|
Witness Narrates How Amaechi, Njide Ndili Stole $4.7m From Hercules Offshores Nigeria Limited
Being led in evidence in by an Assistant Commissioner of Police, Mr. Simon Lough, SAN, the witness stated that Addax Petroleum Development Nigeria had a contract with Lionstone Offshore Services Limited which was executed by Hercules Offshore Nigeria Limited, based on a joint written agreement entered between Hercules and Lionstone on 14th January, 2010.
The witness in his testimony said, “Sometime in December 2009, Mr. Ameachi came to Hercules to discuss the possibility of collaboration between the two companies, can team up, and carry out some contracts in the Nigeria Oil and Gas field.
Okon also explained that the first defendant had based his reason on the expertise and experience of Hercules Offshore Nigeria Limited, in the field, and by 14th January, 2010, a joint bidding agreement was entered into and some terms were spelt out.
|Nairaland / General / CBN Extends Old Naira Use Deadline Till Feb 10 by Worldtopnewsng2: 12:32pm On Jan 29|
CBN Extends Old Naira Use Deadline Till Feb 10
The Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10.
READ ALSO: Atlanta Standstill As Tinubu Takes Campaign To The USA
|Politics / Tribunal Declares Oyetola Osun Gov by Worldtopnewsng2: 12:47pm On Jan 27|
Tribunal Declares Oyetola Osun Gov
The Election Petition Tribunal hearing the All Progressives Congress (APC) and Adegboyega Oyetola’s petition against the victory of the Peoples Democratic Party (PDP)’s Ademola Adeleke on Friday annulled the result of the July 16 Osun governorship poll.
Justice Tetsea Kume, while delivering a majority decision declared that Independent National Electoral Commission (INEC) did not comply substantially with the Constitution and the provisions of the Electoral Act.
He subsequently deducted the over-voting observed from the votes scored by the candidates and
|Nairaland / General / Abia PDP Guber Candidate, Ikonne Is Dead by Worldtopnewsng2: 2:24pm On Jan 25|
Abia PDP Guber Candidate, Ikonne Is Dead
The Abia State Peoples Democratic Party (PDP) governorship candidate for the forthcoming general election, Prof. Eleazar Uchenna Ikonne is dead, Worldtopnewsng.com reports.
Prof. Ikonne who was the former Vice-Chancellor of the Abia State University has been absent since last few weeks.
|Nairaland / General / Saka, Nketiah’s Goals Help Arsenal Overcome Stubborn Man United, Extend Win Stre by Worldtopnewsng2: 8:42pm On Jan 22|
Saka, Nketiah’s Goals Help Arsenal Overcome Stubborn Man United, Extend Win Streak
After the break, the tempo did not dip and Bukayo Saka gave Arsenal the lead with an equally brilliant goal before Aaron Ramsdale, usually so reliable, spilled a corner right into the path of Lisandro Martinez, who duly punished the home side from close range.
Still, as has been the way all season, Arsenal roared back. Nketiah, in for the injured Gabriel Jesus, ensured a dramatic three points for Mike Arteta’s side with a late strike to send the Emirates Stadium into a frenzy.
|Nairaland / General / Exclusive! NNPC Approves Petrol Pump Price Hike To N185/litre by Worldtopnewsng2: 10:59am On Jan 19|
Exclusive! NNPC Approves Petrol Pump Price Hike To N185/litre
NNPC in a notice to fuel marketers directed them to change the petrol price on pumps to the new price effective today.
gathered that the majority of filling stations in Lagos have adopted different price models, with some stations in the country selling the product at N260, N280 and N320.
Worldtopnewsng monitored some filling stations in Ejigbo, Ikotun, Iyana-Iba Road, Agege, Ikeja, Ogba, Bariga, Somolu, Ebute-Metta, Lagos Island among others findings showed that queues for petrol at filling stations in many parts of the country have continued unabated, causing hardship for residents and motorists trying to get the product.
|Crime / Court Orders CBN To Freeze Polaris Bank Account by Worldtopnewsng2: 11:59pm On Jan 14|
Court Orders CBN To Freeze Polaris Bank Account
An Ondo High Court has granted a garnishee order directing the Central Bank of Nigeria(CBN) to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84k.
The order was made by Justice Adebusoye in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye, for Garnishee order nisi attaching all the sums of indebtedness of Polaris Bank to Ondo state Government in a Judgement delivered in suit No AK/75/2017.
Titiloye had filed the application over alleged failure and neglect of the bank to meet the condition of the stay of execution of the judgment.
In the judgment, the Bank was held liable for mismanaging the account of Ondo Ministry for Local Government and Chieftaincy affairs.
|Crime / NDLEA Frozen N4.3bn In Autonation Motor Boss, Ugochukwu Nsofor 126 Bank Accounts by Worldtopnewsng2: 4:20pm On Jan 08|
NDLEA Frozen N4.3bn In Autonation Motor Boss, Ugochukwu Nsofor 126 Bank Accounts
This was contained in court documents obtained by our correspondent in Abuja on Friday.
Chukwukadibia was arrested last October following the discovery of a large consignment of drugs worth N8.8bn from one of his mansions in the highbrow Victoria Garden City, Lekki area of Lagos.
The substances were contained in hundreds of cartons kept in the house, according to a statement by the NDLEA Director of Media, Femi Babafemi.
|Crime / ...how Victim Begged Him To Use Condom by Worldtopnewsng2: 12:44pm On Jan 06|
She said while she was on her way to inspect the school’s clinic before retiring to her desk, the defendant approached her and demanded to see her later that night.
Imolita said around 9pm while she was at her desk, which had a bed beside it, the defendant knocked on the door to the room, but she hesitated to let him in.
She later let the defendant in after he requested vitamin C from her.
After giving him the drug, the 35-year-old said she offered Emmanuel a seat when he said he had been wanting to say something to her.
According to her, during their discussion, he professed love to her and she replied that she was married with kids.
|Nairaland / General / Consumers Kick As Eko, Ikeja Electric, Other Discos Hike Electricity Tariff Secr by Worldtopnewsng2: 4:41pm On Jan 05|
Consumers Kick As Eko, Ikeja Electric, Other Discos Hike Electricity Tariff Secretly
He said, “Electricity tariff is now N72.2 per unit. Another price hike from N66; I suspect they are going to N100. A higher price for poorer services.
Another customer of Ikeja Disco identified as Ola Busari said, “They are just milking us. This is a perfect robbery. Discos need to be checked.
Another Lagos resident named Olojede said, “They increased prices without informing us. There was no official communication to us as our estate representatives.” However, the Nigerian Electricity Regulatory Commission, in its Multi-Year Tariff Order, provides a 15-year tariff path for the Nigeria Electricity Supply Industry with limited minor reviews each year.
It states that reviews are in the light of changes in a limited number of parameters such as inflation, interest rates, exchange rates and generation capacity, and major reviews every five years when all of the inputs were
|Nairaland / General / Nigeria’s Petroleum Tanker Drivers Threaten Nationwide Strike by Worldtopnewsng2: 11:29am On Jan 05|
According to Osesua, the trucks, which lifted the black oil at a modular refinery (Walter Smith Refinery and Petrochemical) in Ibigwe, Imo State, on Monday and Tuesday, were intercepted between Ahoada and Elele in Rivers State.
Osesua, who gave the number plates of the trucks as EFR 770 XA and AFZ 351 ZY, said they were conveying 40,000 liters each to Bob and Sea Depot, Koko Delta State.
He said the drivers were polite in their response and presented all necessary documents to the task force personnel. He added that the officers, however, ignored the documents, rebuffed appeals, and burnt the trucks.
|Nairaland / General / Brazil Legend Pele Dies Aged 82 by Worldtopnewsng2: 8:26pm On Dec 29, 2022|
Brazil Legend Pele Dies Aged 82
Brazil legend Pele has passed away aged 82 following a battle with cancer.
Lauded by many as the greatest player to ever play football, Pele had been battling health issues in recent years. He was pictured in a wheelchair at the 2018 World Cup and was taken into hospital after collapsing due to exhaustion a month after the tournament.
|Nairaland / General / Emefiele Bows To Politicians Pressure, Increases Weekly Cash Withdrawal Limit Fo by Worldtopnewsng2: 8:23pm On Dec 21, 2022|
Emefiele Bows To Politicians Pressure, Increases Weekly Cash Withdrawal Limit For Individuals, Corporate Organizations
The CBN said this in a letter addressed to banks on Wednesday.
The apex bank said it made the decision based on feedback received from stakeholders.
|Nairaland / General / Lagos Red Line To Move 3.5m Passengers Weekly by Worldtopnewsng2: 9:09pm On Dec 15, 2022|
Lagos Red Line To Move 3.5m Passengers Weekly
Adewale, who confirmed that the project was at 85% of its completion, said it showed that the State government understands the need to boost the transportation sector to ease daily movement of residents.
“Remember that the Rt. Hon. Speaker, Dr. Mudashiru Obasa, during the presentation of the 2023 budget, commended Governor Babajide Sanwo-Olu for the purchase of trains and his zeal to complete the project.
“So today, by the powers conferred on us by the Constitution and under the headship of Mr. Speaker, we decided to conduct an oversight on the Ministry of Transportation and to be precise, the Lagos Metropolitan Area Transport Authority (LAMATA).
“We have visited the railway and five stations in Iju, Agege, Ikeja
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|Nairaland / General / Nigeria’s Ambassador To Spain, Demola Seriki, Dies At 63 by Worldtopnewsng2: 9:36am On Dec 15, 2022|
BREAKING: Nigeria’s Ambassador
To Spain, Demola Seriki, Dies At 63
Nigeria’s ambassador to Spain, Demola Seriki, is dead.
The Lagos politician was said to have died in Madrid, Spain. He was aged 63.
|Nairaland / General / Lagos Assembly Passes ₦1.768trn 2023 Budget by Worldtopnewsng2: 4:41pm On Dec 12, 2022|
Lagos Assembly Passes ₦1.768Trn 2023 Budget
sum of N802,987,206 was approved as the new Capital Expenditure of the Ministry
of Economic Planning & Budget while N1,200,000,000 was approved as the new Overhead Cost (Social Intervention
and Humanitarian Programme) in the Ministry of Economic Planning and Budget.
Dr. Obasa, who presided over the plenary, said the passion with which the lawmakers processed the bill for passage showed their love for the progress of Lagos State.
He also expressed hope that residents of the State would show their satisfaction with the lawmakers and the All Progressives Congress (APC) by voting for candidates of the party in Lagos and at the centre during the forthcoming election.
Governor Babajide Sanwo-Olu ha
|Nairaland / General / SERAP Gives Okowa, Wike, Others 7 Days To Disclose Spending Of N625bn Refunds by Worldtopnewsng2: 9:06am On Dec 12, 2022|
SERAP Gives Okowa, Wike, Others 7 Days To Disclose Spending Of N625bn Refunds
SERAP said, “Disclosing the information would enable Nigerians to scrutinise the spending of the refunds. Publishing the details of the oil derivation refunds would also promote transparency and accountability in the spending of public funds.”
The letter, read in part: “Widely publishing details of the spending of the oil derivation refunds would ensure that persons with public responsibilities are answerable to the people for the performance of their duties in the management of public funds.”
“We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and your state to comply with our request in the public interest.”
“The public interest in obtaining the information about expenditures relating to the oil derivation refunds outweighs any privacy or other interests. The oversight afforded by public access to such details would serve as an important
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