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Home > Archives for > Page 69
Author

Nelson Ugwuagbo

Nelson Ugwuagbo

Fubara
Headlines

Rivers Assembly Gives Fubara 48 Hours To Present 2025 Budget

by Nelson Ugwuagbo March 3, 2025
written by Nelson Ugwuagbo

The Rivers State House of Assembly has issued a 48-hour ultimatum to Governor Siminalayi Fubara to present the 2025 budget for legislative consideration.

The resolution was passed during plenary on Monday in Port Harcourt, following a motion moved by Deputy Speaker Dumle Maol. The lawmakers referenced a Supreme Court order in Suit No.: SC/CV/1174/2024, which halted the state’s statutory federal allocations and restricted spending from the Consolidated Revenue Fund of Rivers State until an Appropriation Bill is passed.

The resolution, signed by Speaker Martin Amaewhule, stated:

Speaker Amaewhule also criticized Governor Fubara’s directive instructing Heads of Local Government Administration (HLGAs) to take charge of local councils, calling it illegal and contrary to the Supreme Court’s ruling.

The lawmakers cited the 1999 Constitution (as amended), the Rivers State Local Government (Amendment) Law, 2023, and the Supreme Court’s judgment in Suit No.: SC/CV/343/2024, which prohibits the administration of local governments by HLGAs or any other persons except democratically elected officials.

Meanwhile, the House announced plans to go on recess by Friday, stating that lawmakers have been working continuously for the past two years.

Notably, there was no mention of the 2024 budget during the plenary session.

Governor Fubara had signed a ₦1.1 trillion 2025 budget into law on January 2 after presenting it to the Victor Oko-Jumbo-led lawmakers. However, last week, the Supreme Court ruled that Speaker Amaewhule and his faction are the legitimate members of the Rivers State House of Assembly, ordering them to resume legislative activities.

March 3, 2025 0 comments
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Food Prices
Headlines

Jubilation As Kano Government Reduce Food Prices at Trade Fair Complex

by Nelson Ugwuagbo March 3, 2025
written by Nelson Ugwuagbo

The Kano State Government, in collaboration with Kano Major Markets, has announced a reduction in the prices of essential food items at the Kano Trade Fair Complex.

The initiative aims to make food more affordable for residents, with several staple products now available at lower prices compared to regular market rates. The revised prices include:

  • BUA Rice – Reduced from ₦81,000 to ₦76,000
  • Amarava Rice – Reduced from ₦72,000 to ₦66,000
  • Dangote Sugar – Reduced from ₦82,000 to ₦79,000
  • IRS Flour – Reduced from ₦61,000 to ₦57,000
  • Crown Taliya – Reduced from ₦16,000 to ₦15,100
  • Crown Macaroni – Reduced from ₦15,700 to ₦14,700
  • Honey Macaroni – Reduced from ₦15,700 to ₦14,700
  • BUA Macaroni – Reduced from ₦16,500 to ₦15,000

Residents in Kano can take advantage of these reduced prices by purchasing their food supplies at the Kano Trade Fair Complex.

March 3, 2025 0 comments
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Supreme Court
Headlines

Supreme Court Blocks CBN from Releasing Funds To Rivers Govt, Directs Amaewhule to Reconvene Pro Wike Assembly

by Nelson Ugwuagbo February 28, 2025
written by Nelson Ugwuagbo

The Supreme Court has prohibited the Central Bank of Nigeria (CBN), the Accountant General of the Federation, and other relevant agencies from releasing funds to the Rivers State Government until it complies with previous court orders.

Delivering a one-hour, thirty-six-minute judgment, Justice Emmanuel Akomaye, leading a five-member panel, dismissed a cross-appeal by Governor Siminalayi Fubara challenging the legitimacy of the Rivers State House of Assembly under the speakership of Martin Amaewhule.

The court ordered Amaewhule to resume sitting immediately with all elected members of the House, ruling that Governor Fubara acted unlawfully by presenting an appropriation bill before a four-member Assembly, thereby excluding 28 constituencies. It described this action as a violation of a court directive requiring him to present the 2024 budget to a duly constituted Assembly led by Amaewhule.

Additionally, the court condemned the governor’s handling of the alleged defection of 28 lawmakers, labeling it an act of “brigandage and dictatorship” aimed at preventing the House from carrying out its legislative duties.

The Supreme Court further criticized the demolition of the Rivers State House of Assembly complex, describing it as an abuse of executive power intended to obstruct the legislative process.

February 28, 2025 0 comments
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Edukoya
BusinessHeadlines

Nigerian EduTech Company Edukoya Shuts Down, 3 Years After Raising $3.5 Million

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

After three years of operation, Nigerian education technology startup Edukoya has ceased operations, citing poor infrastructure and economic challenges that hindered its ability to scale.

The startup, which secured Africa’s largest pre-seed funding of $3.5 million in 2021, announced on Wednesday that it would return capital to investors rather than continue in what it described as an unsustainable market environment.

In a statement obtained by reporters, Edukoya said despite early success, it faced significant adoption barriers, including limited internet penetration, high device costs, and declining disposable incomes, which impacted its target audience’s ability to pay for digital education services.

Launched to revolutionize digital learning for K-12 (primary and secondary) students, Edukoya quickly gained traction, enrolling over 80,000 students, facilitating millions of practice questions, and conducting thousands of live tutoring sessions.

However, after considering strategic alternatives such as partnerships, mergers, and business model pivots, the company found no viable path forward.

“Having explored various strategies to sustain operations—including partnerships, mergers, and business model shifts—without success, we’ve made the difficult decision to shut down and return capital to investors rather than exhaust resources in an unsupportive market,” the statement read.

“This strategic shutdown—though counterintuitive in a startup culture that emphasizes persistence at all costs—creates better outcomes for everyone: our investors can redeploy capital, our team can transition with dignity, and we preserve our vision’s integrity instead of compromising to survive.”

Edukoya’s closure reflects broader challenges in Africa’s edtech sector, where startups struggle to balance innovation with infrastructure limitations and affordability concerns. While digital learning remains a high-potential market, achieving large-scale adoption continues to be difficult.

The company expressed gratitude to its team, parents, students, and investors, stating that while its journey is ending, the insights gained could contribute to future innovations in African edtech when market conditions improve.

February 27, 2025 0 comments
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Pope Francis
Africa & World

Pope Francis Showing Slight Improvement – Vatican

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

Pope Francis’ health has shown slight improvement, the Vatican reported on Wednesday, though it cautioned that the prognosis for the 88-year-old pontiff remains uncertain as he continues to battle pneumonia.

“The clinical conditions of the Holy Father in the last 24 hours have shown a further, slight improvement,” the Vatican stated in its nightly bulletin. “Although a slight improvement is being recorded, the prognosis remains reserved.”

The Argentine pontiff was admitted to Rome’s Gemelli Hospital on February 14 with breathing difficulties and bronchitis. His condition later worsened, raising concerns among Catholics worldwide.

Over the weekend, Francis suffered respiratory attacks that required high oxygen levels and blood transfusions. However, the Vatican confirmed that no further such episodes had occurred, although he remains on oxygen therapy and continues breathing exercises.

A CT scan conducted on Tuesday showed a “normal progression of the pulmonary inflammatory condition,” while blood tests on Wednesday confirmed ongoing improvement. Additionally, a mild renal insufficiency detected over the weekend has now resolved, the Vatican said.

Doctors have warned that the Pope’s recovery could be prolonged, with his hospital stay expected to extend beyond this week.

Despite his condition, Francis has remained engaged in Church affairs from his hospital suite. Now in his 13th day at the hospital, he was reportedly “sitting in a chair and continuing with the treatment as normal,” according to a Vatican source. He received the Eucharist in the morning and spent the afternoon working.

This marks the Pope’s fourth and longest hospitalization. Having had part of a lung removed as a young man, he has experienced increasing health challenges in recent years, including frequent bronchitis and chronic hip and knee pain, which have necessitated the use of a wheelchair.

Faithful from around the world continue to gather at the Vatican and outside the Gemelli Hospital to pray for his recovery, with a fresh round of prayers held in St. Peter’s Square on Wednesday evening.

February 27, 2025 0 comments
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AGF
Headlines

₦1.96bn Fraud: Ex-AGF Pleads With Court To Negotiate With EFCC

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

A former Acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku, facing trial over an alleged ₦1.96 billion fraud, has requested more time from the Federal High Court in Abuja to negotiate a settlement with the Economic and Financial Crimes Commission (EFCC).

Nwabuoku, who is standing trial on a nine-count charge, made the plea on Monday after the EFCC, represented by Senior Advocate of Nigeria (SAN) Ekele Iheanacho, informed the court that it had five witnesses ready to testify.

Although his lawyer, Isidore Udenko, represented him in court, the defendant disclosed that he had engaged a Senior Advocate of Nigeria to facilitate an out-of-court settlement. Udenko noted that a previous attempt to reach an agreement with the anti-graft agency had failed, leading to the commencement of trial.

Responding, EFCC’s counsel, Iheanacho, stated that while the prosecution was prepared to proceed with the trial, it had no objection to the defendant’s request if it served the interest of justice.

“Even though our five witnesses are in court and we are ready to go on with the trial, however, if the request of the defendant will meet the justice of the case, we will not be opposing,” he said.

Following the submission, Justice James Omotosho adjourned the case to March 13, 2025, for either a settlement report or the continuation of the trial.

Nwabuoku was appointed as acting AGF in May 2022 after the suspension and subsequent trial of former AGF Ahmed Idris over an alleged ₦80.2 billion fraud. However, the EFCC later accused Nwabuoku of financial misconduct before his appointment, leading to his removal in July 2022.

He was subsequently charged alongside a Director in the Federal Civil Service, Felix Nweke. However, the EFCC later amended the charge, removing Nweke as a co-defendant after he agreed to testify against Nwabuoku.

According to the prosecution, Nwabuoku allegedly violated Section 18 of the Money Laundering Prohibition Act, 2011 (as amended in 2012), an offence punishable under Section 15(3) of the same Act.

The court had earlier heard testimony from Nweke, who alleged that Nwabuoku used four different companies to divert public funds. He further stated that the illicit funds were deposited in accounts controlled by an individual identified as Gideon Joseph.

February 27, 2025 0 comments
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NAFDAC
Headlines

NAFDAC Warns Against Chemical Ripening of Fruits

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

The National Agency for Food and Drug Administration and Control (NAFDAC) in Adamawa State has cautioned fruit dealers against using chemicals to ripen fruits and urged consumers to be cautious of chemically treated produce.

State Coordinator Gonzuk Bedima issued the warning on Thursday in an interview with the News Agency of Nigeria in Yola. He identified calcium carbide, a chemical commonly used in welding, as the primary substance used to artificially ripen fruits, particularly bananas and oranges.

Bedima warned that exposure to calcium carbide poses serious health risks, including cancer. He noted that NAFDAC had previously sensitized fruit sellers and would intensify awareness campaigns, especially with the approach of the fasting season, when fruit consumption increases.

He advised consumers to remain vigilant and avoid fruits that appear overly ripe on the outside but are unripe inside, as this could indicate chemical treatment.

“If you suspect such fruits, avoid buying them, as they are dangerous to your health,” he said, urging the public to report cases of chemically ripened fruits to NAFDAC to prevent further risks.

February 27, 2025 0 comments
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Rema, Mercy Chiwo
Entertainment

Mercy Chinwo, Rema, Ayra Starr, win Big At 2025 Trace Awards

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

Nigerian artistes Rema, Mercy Chinwo, D’banj, and Ayra Starr were among the top winners at the 2025 Trace Awards, held on Wednesday, February 26, at the Mora Resort in Zanzibar, Tanzania.

Rema secured two major awards, winning ‘Album of the Year’ for Heis and ‘Best Male Artist’. Ayra Starr was named ‘Best West African Artist’.

Gospel singer Mercy Chinwo received the ‘Best Gospel Artist’ award in recognition of her contributions to the genre, while veteran musician D’banj was honored with the ‘Lifetime Achievement Award’ for his impact on the music industry.

Other Nigerian winners included P.Priime, who won ‘Best Producer’ for MMS, and Meji Alabi, who earned ‘Best Music Video’ for directing Rema’s DND.

February 27, 2025 0 comments
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Trump
Africa & World

Trump’s $5M ‘Gold Card’ Plan Offers New Citizenship Route, Ending Investor Visas

by Nelson Ugwuagbo February 27, 2025
written by Nelson Ugwuagbo

President Donald Trump has announced plans to introduce a “gold card” visa program, offering a path to U.S. citizenship for $5 million. The new initiative would replace the EB-5 investor visa program, which has been in place since 1990.

Speaking Tuesday in the Oval Office, Trump emphasized the benefits of the proposed visa, stating that recipients would be “wealthy and successful,” contributing significantly to the economy through spending, taxation, and job creation.

Commerce Secretary Howard Lutnick confirmed that the Trump Gold Card would replace the EB-5 visa within two weeks. The EB-5 program allows foreign investors to obtain legal residency by investing approximately $1 million in a U.S. business that creates at least 10 jobs. Lutnick argued that the new program would eliminate fraud concerns associated with the EB-5 system while increasing investment requirements. The gold card would function as a green card, granting permanent residency and a pathway to citizenship.

According to the Department of Homeland Security, nearly 8,000 people were granted investor visas in the fiscal year ending Sept. 30, 2022. A 2021 Congressional Research Service report cited concerns over fraud in the EB-5 program, including challenges in verifying the legal sources of investment funds.

Investor visa programs are widely used globally, with more than 100 countries—including the United States, United Kingdom, Spain, Greece, Malta, Australia, Canada, and Italy—offering “golden visas” to affluent individuals, according to advisory firm Henley & Partners.

Trump did not specify whether the new program would include job creation requirements. While the EB-5 visa program is capped, he suggested the federal government could issue up to 10 million “gold cards” to help reduce the national deficit, calling the proposal “potentially fantastic.”

Describing the initiative, Trump said the gold card would be “somewhat like a green card, but at a higher level of sophistication,” designed for wealthy individuals or those with exceptional talent. He suggested that companies could sponsor talented individuals through the program.

Although Congress determines citizenship qualifications, Trump stated that the gold card program would not require congressional approval.

February 27, 2025 0 comments
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INEC
Headlines

INEC Issues Notice For FCT Council Polls

by Nelson Ugwuagbo February 26, 2025
written by Nelson Ugwuagbo

The Independent National Electoral Commission (INEC) has issued the official notice for elections in the six Area Councils of the Federal Capital Territory (FCT), scheduled to hold on Saturday, February 21, 2026.

In a statement on Wednesday, INEC said the early announcement complies with Section 28(1) of the Electoral Act 2022, which mandates the commission to give advance notice of elections.

“Nomination papers for all elective positions must be submitted through the commission’s online portal and delivered to its headquarters in Maitama, Abuja,” the statement read.

The commission confirmed that voting would commence at 8:30 a.m. in all polling units across the FCT on the election day.

According to the notice, only registered voters whose names appear on the voter register and who possess valid Permanent Voter Cards (PVCs) will be eligible to vote. The Bimodal Voter Accreditation System (BVAS) will be deployed for the election in line with INEC’s ‘No PVC, No Voting’ policy.

INEC urged all eligible voters and stakeholders to take note of these guidelines and prepare accordingly.

February 26, 2025 0 comments
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