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Home > Archives for > Page 50
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Folarin Kehinde

Folarin Kehinde

Headlines

Security operatives on high alert as terrorists now use wall clocks for bombings in Nigeria

by Folarin Kehinde December 16, 2024
written by Folarin Kehinde

Investigations reveal that terrorists in Nigeria have begun using wall clocks as timers to detonate Improvised Explosive Devices (IEDs) at critical government infrastructure.

This method, aimed at causing maximum destruction, was notably used in a recent attack on the Shiroro/Kaduna transmission power network, which plunged much of Northern Nigeria into darkness.

Sources, speaking on the condition of anonymity to New Telegraph, confirmed that the tactic is now being employed by terrorists to target key assets, causing widespread damage.

The aim appears to be not only to destroy but to disrupt essential services, with the potential for significant socio-economic impact.

In response to the emerging threat, Nigeria’s military and security agencies have ramped up their efforts to combat IEDs.

Special training programs are being organized for personnel across military, security, intelligence, and law enforcement agencies to improve their ability to detect and neutralize explosives before they can cause harm.

The counter-IED courses focus on equipping operatives with advanced skills to combat the evolving tactics of terrorism.

A senior official stated, “Terrorists have resorted to using wall clocks to detonate IEDs because of the method’s ability to evade detection. They are specifically targeting critical infrastructure with the aim of inflicting severe damage.”

To counter this growing threat, there is a heightened focus on preparing first responders and bomb technicians through regular assessments and counter-IED drills.

Additionally, the National Counter Terrorism Centre (NCTC) is working closely with the Office of the National Security Adviser (ONSA) to curb the growing terrorism threat.

Despite the challenges, sources have assured the public that security forces are making significant progress in containing the insurgency.

“Efforts are ongoing, and terrorists are being systematically neutralized. The resolve of the state remains strong, and the days of these criminals testing our strength are numbered,” said one source.

Already, the intensified security operations have led to the elimination of many terrorist commanders and fighters.

December 16, 2024 0 comments
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Headlines

NNPC Cuts Petrol Prices Nationwide

by Folarin Kehinde December 16, 2024
written by Folarin Kehinde

The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, across its retail outlets nationwide.

The price of petrol at NNPC retail outlets has dropped from N1,060 per litre to N1,040 per litre in Abuja, a reduction of N20 per litre.

The price change took effect on Saturday morning.

However, prices at independently-owned filling stations remain higher, ranging from N1,115 per litre to N1,120 per litre, depending on location.

It is the belief of stakeholders that local production from the Port Harcourt and Dangote refineries will lead to more competitive fuel pricing in the near future.

Production from the Port Harcourt refinery, which began in November has joined Dangote’s 650,000 barrels per day refinery, which earlier began supplying products into the Nigerian and foreign markets.

December 16, 2024 0 comments
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Headlines

NCPC Set to Flag Off 2024 Main Pilgrimage to Israel and Jordan

by Folarin Kehinde December 16, 2024
written by Folarin Kehinde

The Nigerian Christian Pilgrim Commission (NCPC) is finalizing preparations for the 2024 Main Pilgrimage exercise to the Holy Land. The pilgrimage is scheduled to begin on December 22, 2024, with the first batch of pilgrims departing from Lagos.

To ensure a seamless exercise, the Executive Secretary of the NCPC, Bishop Stephen Adegbite, recently visited Israel and Jordan for a state of readiness assessment. During the visit, he held strategic meetings with key stakeholders in Israel, including officials from the Ministry of Foreign Affairs, Tourism, and Border Control.

Bishop Adegbite also engaged in high-level discussions with Israel’s Deputy Prime Minister, Yariv Levin, the Israeli Ambassador to Nigeria, Michael Freeman, and Nigeria’s Ambassador to Israel, Mrs. Agatha Afoekelu. The meetings focused on fostering collaboration to enhance the pilgrimage experience for Nigerian pilgrims.

During his time in Jerusalem, Bishop Adegbite visited the Wailing Wall, where he offered prayers for Nigeria, President Bola Ahmed Tinubu, First Lady Senator Oluremi Tinubu, the success of the 2024 Pilgrimage exercise, and the well-being of the NCPC Board and staff.

The NCPC remains committed to providing a spiritually enriching and well-organized pilgrimage for all participants. Pilgrims from Lagos State will lead this year’s exercise as they embark on the journey to the Holy Land next week.

December 16, 2024 0 comments
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Headlines

Gov Yusuf sacks SSG, Chief of Staff, 5 commissioners

by Folarin Kehinde December 12, 2024
written by Folarin Kehinde

Kano State Governor, Abba Kabir Yusuf has reshuffled his cabinet, sacking the Secretary to the State Government, Chief of Staff to the Governor, Commissioner of Information and four other commissioners.

According to his spokesperson, Sanusi Bature Dawakin Tofa the development forms part of a major political decision to effect pragmatic political realignment of his administration.

According to the statement by Bature, Governor Yusuf maintained the much awaited decision that finally came to enable optimum performance that will drive more dividends of democracy to the good people of Kano State.

Those affected by the major shakeup are the Chief of Staff, Alh. Shehu Wada Sagagi whose office is now scrapped, and Secretary to the State Government, Dr. Abdullahi Baffa Bichi, who was dropped on health ground.

According to Bature, Governor Yusuf removed some cabinet members and reassigned others to enhance administrative performance and political retool.

Those who retained their positions are Attorney General and Commissioner for Justice, Barr. Haruna Isa Dederi, Commissioner for Agriculture, Dr. Danjuma Mahmoud, Commissioner for Health, Dr. Abubakar Labaran, Commissioner for Land and Physical Planning, Hon. Abduljabbar Mohammed Umar, Commissioner for Budget and Planning Hon Musa Suleiman Shannon and Commissioner for Works and Housing Engr. Marwan Ahmad.

Also retained are Commissioner for Solid and Mineral Resources, Sefiyanu Hamza, Commissioner for Religious Affairs, Shiekh Ahmad Tijani Auwal, Commissioner for Youth and Sports, Hon. Mustapha Rabiu Kwankwaso, Commissioner for Investment and Commerce, Adamu Aliyu Kibiya and that of Internal Security and Special Services, Major General Mohammad Inuwa Idris Rtd.

According to the statement, those reassigned are the Deputy Governor, Comrade Aminu Abdulssalam, who was moved from Ministry of Local Government to Higher Education; Hon. Mohammad Tajo Usman moved from Science and Technology to Ministry for Local Government and Chieftaincy Affairs and Dr. Yusuf Ibrahim Kofar Mata from Higher Education to Science, Technology and Innovation.

Others on reassignment list include Hon. Amina Abdullahi from Humanitarian and Poverty Alleviation to Ministry for Women, Children and Disable; Hon. Nasiru Sule Garo, from Ministry of Environment and Climate Change to Ministry of Special Duties.

Also, the Governor has directed the Chief of Staff and the five commissioners that are dropped to report to the office of the Governor for possible reassignment.

December 12, 2024 0 comments
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Wike
Headlines

BREAKING: “Let Heaven Fall” – Wike Vows To Continue Demolitions In FCT

by Folarin Kehinde December 12, 2024
written by Folarin Kehinde

Minister of the Federal Capital Territory, Nyesom Wike, has defended his decision to demolish properties supposedly built on government lands in Abuja, despite criticism from residents and property owners.

Leading reporters reports that the demolitions by Wike sparked controversy, with many residents left without homes.

A construction company, Paullosa Nigeria Limited, recently raised the alarm over a demolition notice issued by the Federal Capital Development Authority to demolish its estate in the Lifecamp area of Abuja.

However, Wike on Thursday insisted that the structures being demolished were illegally built on government lands and posed security risks.

He vowed to continue the demolitions, saying, “Let heaven fall. It is even better that heaven comes down now so that we would not be fasting again to go to heaven.”

The minister also addressed allegations of blackmail, stating that he would not be swayed by threats or intimidation.

“What is wrong is wrong; no amount of blackmail can stop us,” he said. “We would stop anybody who thinks they will take government land for whatever reason with formal approval. We would not look at your face. If you like, be a civil rights activist or a television personality.”

Wike warned individuals who still owed ground rents in the FCT to pay up or risk their titles being revoked. He emphasized that security was a priority function of any government.

December 12, 2024 0 comments
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Headlines

Alleged defamation: Court stops production, selling of Dele Farotimi’s book on Amazon, others

by Folarin Kehinde December 11, 2024
written by Folarin Kehinde

Following the controversial battle of alleged defamation of character between Afe Babalola and Dele Farotimi, a court has ordered the suspension of the production and selling of the former’s book, Nigeria and Its Criminal Justice System.

Recall that Babalola had filed a defamation suit against Farotimi after his book hit the market.

The book has been sold widely across the globe having hit a best seller status on online stores like Amazon.

The Federal High Court sitting in Abuja on Wednesday, December 11, issued an ex-parte order suspending further production or distribution of the book.

The order by the court was granted pending the hearing and determination of the motion on notice for interlocutory injunction filed on Friday, December 6, 2024.

The order was granted after the judge listened to an exparte application filed by the managing partner at Afe Babalola’s law firm.

According to the court, the order temporarily restrains the agents, publishers, distributors, sellers, re-publishers, re-sellers, or any other person howsoever described, including Dele Farotimi Publishers, Amazon Online Bookstore, Rovingheights Bookstore, Booksellers Bookstore, Jazzhole Lagos Bookstore, Glendora Bookshop, Quintessence Lagos Bookstore and Patabah Books Limited from further publishing, selling, circulating, advertising, or distributing the physical/hard/digital/soft copies of the book online, electronically, physically or by any other means including social media.

December 11, 2024 0 comments
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Headlines

BREAKING: Tinubu hosts German President Steinmeier at the Villa

by Folarin Kehinde December 11, 2024
written by Folarin Kehinde

President Bola Ahmed Tinubu is currently meeting with the German President, Frank-Walter Steinmeier, who is in Nigeria on a three-day state visit.

President Steinmeier arrived the Forecourt of the State House, Abuja, at 11:06am and was recieved by President Tinubu and members of the Executive Council.

On arrival, the German Leader was welcomed with the German Anthem, Deutschland über alles, afterwards the guards of honour mounted by Brigade of guards rendered the Nigerian Anthem and led the visiting leader in inspection of the guard.

Steinmeier was also welcomed with 21 gun salutes by the Brigade of Guards.

A statement by the German Embassy on Monday disclosed that while in Nigeria, President Steinmeier will meet with President Tinubu as well as with the President of the Commission of Economic Community of West African States (ECOWAS), His Excellency Dr. Alieu Omar Touray.

The German President will then proceed to Lagos, where he will engage with business representatives, visit a start-up hub and meet with members of Nigeria’s culture sector and civil society.

Steinmeier will further meet with Dr. Nike Okundaye, popularly known as Mama Nike, of the Nike Art Gallery, and the legendary author and Nobel Laureate for Literature, Prof. Wole Soyinka.

Following the visit of German Chancellor Olaf Scholz to Nigeria in October 2023 and the visit of the Nigerian Leader, President Tinubu, to Germany in November 2023, President Steinmeier’s visit to Nigeria is the third exchange between both countries on the level of head of state and government since President Tinubu’s inauguration.

December 11, 2024 0 comments
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Entertainment

Abuja Agog, as Makems Excites Fashion Lovers at 2024 Jewellery Exhibition

by Folarin Kehinde December 11, 2024
written by Folarin Kehinde

Makems Jewellery, an Abuja-based fast-rising jewellery-making company in Nigeria, has set the city agog, as it recently held its annual jewellery exhibition with a wide range of trendy, fine and unique handmade, locally-produced and imported jewellery products on display for hundreds of visitors to the venue of the event.

The jewellery exhibition was an expertly-curated showcase of exceptional ornaments, ranging from contemporary designs to vintage treasures such as Makems handmade jewellery, earrings, long necklaces, jewellery set, bangles and bracelets, rings and male bracelets, among others with special focus on promoting local contents, which aligns with Federal Government’s policy direction on promotion of local contents in all sectors of the economy.

The annual Makems 2024 Jewellery Exhibition, which took place on December 7, 2024 at the Glowing Ages Academy, Games Village Road, Kaura District, Abuja attracted fashion lovers and potential clients, who used the opportunity to purchase trendy jewellery of their choice which meet their status as the Yuletide season begins while networking with other visitors.

Addressing stakeholders and visitors at the event, the Director of Business Development at Makems, Miss Temitope Adejare, said Makems Jewellery makes unique jewellery products locally and also sell imported jewellery products as well.

“Considering what has been happening in the economy in the area of dollar exchange to Naira, you will realise that things that are imported have become so expensive because they are in dollar. So, what we have done at Makems Jewellery is to ensure that we source for local jewellery materials and we have a lot of them that are locally-made in Nigeria on display at this exhibition.

“Makems Jewellery has a passion for making jewellery and we now make do with what we can really do in Nigeria and we have been able to come out with beautiful jewellery pieces that people really love at this exhibition,” Adejare said.

She explained that “what we do is unique to an individual. We do not repeat the design. So, if you buy any Makems jewellery piece, it is the only one that exists in terms of design. Overtime, people have come to know this and they love it also and they like coming for the exhibition.”

According to her, Makems works year round to gather the best of locally-manufactured jewellery products as well as some imported designs and bring people together at the exhibition to come and see the various designs that Makems has brought on display for the season for them to purchase their favourite designs.

“As you can see, we sell imported jewellery pieces as well but as you may have observed, most people would be at the Stand for Nigerian-handmade jewellery products because they are more unique, more durable and are very nice. This means, our locally-produced collection of jewellery appeals more to our clients.

“Why most people run from Nigerian-made products is literally because of the quality. Most of the time, people that do local contents tend to compromise quality standards but what we have done at Makems is to ensure that what we have is of high quality even better than many of the imported jewellery, as the designs are nice and unique and meet the expectation of Nigeria across social divides.

Speaking on affordability, the Business Development Director said because the products are domiciled in Naira, “you find out that it is easier for people to buy.” She optimistically noted that Makems was targeting “exporting our locally-manufactured jewellery products in the long run, thereby helping Nigeria’s Naira-to-dollar exchange to appreciate through local production of the fashion products and exports.”

According to her, “With what we have done at Makems, we have a lot of staff that we have employed and this also means we are creating employment opportunity for Nigerians across the value chain. We are also available online across social media platforms for online purchase of our products.”

Adejare added that Makems’ plan is to become a household name as an indigenous jewellery-sourcing and production firm, thereby enhancing the government’s policy direction to deepen local content, improve value addition through offerings of durable, comfortable and affordable jewellery products in Nigeria in the next few years.

December 11, 2024 0 comments
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Business

Nigerians lament as Moniepoint failed transactions hits harder after CBN’s #1bn fine on regulation

by Folarin Kehinde December 11, 2024
written by Folarin Kehinde

Customers banking with moniepoint throng different branches of their banks on Monday morning to complain over failed transactions made over the weekend.

One of the customers who preferred anonymity explained that one of his colleagues sent over #200,000 to her and transferred the receipt showing successful but over 3 days now the money has not dropped and when she visited her bank they made a general announcement that transactions made between Friday and Sunday via moniepoint will show successful but it has not left their account hence they should lodge their complain with moniepoint.

Meanwhile, it could be recall that
the Central Bank of Nigeria’s (CBN) recently increased scrutiny of fintech startups, two of the country’s most prominent unicorns, Moniepoint and OPay, were fined ₦1 billion each in the second quarter of 2024, sources with direct knowledge of the matter told TechCabal. While several other fintech companies were also penalized, the two firms were the hardest hit.

The penalties followed a routine CBN audit of the fintech sector, which revealed compliance issues. According to two sources familiar with the process, these regulatory checks are a standard procedure for banks and financial institutions under CBN oversight.

At least four other fintech companies were similarly penalized, though the details of these fines remain unknown.

The CBN has increasingly relied on fines to enforce regulatory compliance. In 2023, Nigerian banks paid a combined ₦678 million in penalties. In October 2024, the central bank and the Securities and Exchange Commission (SEC) imposed a ₦15 billion fine on ten commercial banks, including Zenith and GTBank, for various infractions in the first half of the year.

Until recently, Nigeria’s rapidly growing fintech sector largely operated without CBN interference. However, the rapid expansion of fintechs like OPay and Moniepoint, which now serve millions of users, has invited greater scrutiny. OPay, for instance, claims a customer base of around 40 million, while Moniepoint, which processed 5.2 billion transactions in 2023, does not disclose specific customer numbers but is similarly large.

As these fintech giants have grown in influence, so too have concerns over their regulatory frameworks. A significant issue is that many fintechs, including OPay and Moniepoint, still operate under microfinance bank licenses. Originally intended to support micro, small, and medium enterprises, these licenses have allowed the companies to expand rapidly and service millions of customers. However, with that expansion has come heightened concern that the current licensing framework is inadequate to safeguard customers effectively, according to one source.

Beyond licensing, the CBN has also expressed concerns about the fintechs’ compliance with Know Your Customer (KYC) processes. In April 2024, the central bank imposed a two-month ban on customer onboarding for several fintech companies, including Kuda Bank and Palmpay, citing non-compliance with KYC standards. The ban forced fintechs to overhaul their onboarding procedures and commit to improving their compliance measures.

Moniepoint declined to comment on any part of this story.

“We categorically refute the claims that OPay Digital Services was fined by the Central Bank of Nigeria to the tune of ₦1 billion for regulatory infractions,” OPay said in a statement to TechCabal. “These claims are entirely false.”

Customers are yet to receive their funds back at time of filing this report.

December 11, 2024 0 comments
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Headlines

VIDEO: ‘It’s confusing me’ Edo Gov Okpebholo says after struggling to pronounce 2025 state’s budget in figure

by Folarin Kehinde December 10, 2024
written by Folarin Kehinde

There was an uproar at the Edo State House of Assembly on Tuesday following the 2025 budget presentation by Edo State Governor, Monday Okpebholo.

In a widely circulating video seen by Leading reporters, Okpebholo could be seen struggling to perfectly pronounce the appropriation presented to the assembly members.

After several attempts to pronounce the figure, okehpbolo said ‘Let me take this again, it is confusing me’.

Watch video below:

https://twitter.com/EdoUpdates/status/1866491478144352714?t=_Q9bFBBPIIBMIkck2FW2jg&s=08
December 10, 2024 0 comments
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