The Supreme Court on Wednesday ruled that both old and new naira notes will remain legal tenders.
The court ordered that the old N200, N500, and N1000 notes continue to co-exist till further notice.
The apex court ruled that the old and new notes remain in use until the Federal Government puts a process in place for its replacement or redesign after due consultation with relevant stakeholders.
Details later…
…….. receives father’s blessings
Pastor Isaac Oyedepo, the son of Bishop David Oyedepo, the founder of the Living Faith Church Worldwide, has unveiled his own ministry.
Isaac disclosed this when he shared a YouTube video titled “Unveiling of the Isaac Oyedepo Evangelistic Ministries” on his X account on Tuesday, November 28.
In the YouTube video, Bishop Oyedepo, not only ministered but also prayed for Isaac and his wife, Ayomitide, as they both knelt.
Bishop Oyedepo was heard saying in part, “As hands are laid on you, I pray for unusual grace for sustainable connectivity that will keep you going without sweat.
“I pray that impact will be your goal not good preaching but great impact and I pray that your life will interpret your message in the name of Jesus.
“As you step into this new phase of your assignment, may you be clothed with humility. I have never begged, yet I have never lacked, I have never borrowed yet I have never lack.”
The younger Oyedepo had in October clarified that there were no complications in his relationship with his family, particularly his father, and he remained a steadfast member of the Living Faith Church.
Rivers State Governor Sim Fubara has been warned to prepare for a tough battle ahead, following his face-off with the Minister of the Federal Capital Territory (FCT), Nyesom Wike.
The warning came from the Spiritual Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, who said that Fubara’s second-term ambition will be “tough” and that he will face similar challenges to those faced by former Lagos State Governor Akinwummi Ambode.
Ayodele urged Fubara to seek God’s help, as only he can change Wike’s mind and ensure that Fubara is not impeached. He also warned the governor to be careful of moles in his camp who are working to remove him from office.
According to Ayodele, “He will still face impeachment, but I see him surviving it. The house will continue to be troubled. They will make him uncomfortable and make his first term miserable, but he will survive it if he turns to God for help.”
“There is no amount of what he does; it is only God that can fight for him. There will be so many moles in his camp. It’s unfortunate that this is happening at a time when Fubara is willing to work.
“They won’t appreciate his efforts and they will want to mess him up. Those who are against his governorship will also add to it. The governor must be careful, put his security together and be very prayerful,” he added.
The rift between Wike and Fubara began less than six months after Fubara took office. Wike’s loyalists in the Rivers House of Assembly moved to impeach Fubara, but the governor vowed to resist such a move.
Last week, Wike accused Fubara of burning down the state House of Assembly and described the governor as an ingrate.
The federal government has ordered airline companies in the country to pay travellers compensation for delayed and cancelled flights.
The Minister of Aviation and Aerospace Development, Festus Keyamo, made the declaration during a meeting with the heads of agencies under the ministry
Keyamo insisted that defaulting airlines must pay compensations for flight cancelations and delays.
“We are not deaf to the cries of Nigerians about delays and canceled flights. The law is there and we are looking at how to enforce those laws for compensation of Nigerians who bear the brunt of cancellation of flights and disrupting the activities,” Keyamo said.
“The process of grounding the airline or taking the airlines to court will create more problems.
“So if the reason for the delay and cancellation of flight is their fault they must pay compensation. And what I am suggesting is that if they don’t get cash back they must get some rebate when they buy next ticket.
“I have set up a committee to look into it such that they can generate a code that they can use when they want to purchase the next ticket.
“We are concerned about the passenger satisfaction and the safety of the air travelers,” he added.
Keyamo directed the Director-General of the Nigerian Civil Aviation Authority to prepare a weekly catalogue of cancelled flights.
He also directed the Nigeria Safety Investigation Bureau to conclude all incidents of air accidents and mishaps in the next 10 days.
He said: “For the recent incidents that happened recently, some minor, and others classified as serious incidents although there were no fatalities.
“The NSIB is investigating these incidents and I have directed them that within 10 days from today they must submit their report of the incidents and what actually transpired.”
CGIAR, the world’s largest global agricultural innovation network, will participate in the 39th edition oF Ghana’s National Farmers’ Day Celebration.
CGIAR will share cutting-edge research on sustainable agriculture and food security; host interactive
sessions on climate-smart agriculture and sustainable farming practices; and engage
with stakeholders, including through hands-on demonstrations of products and services.
CGIAR’s Ghana Convener and International Water ManagemeNt Institute(IWMI) Regional Representative For West Africa, Dr. Olufunke Cofie noted that the National Farmers’ Day Celebration offers a unique platform for CGIAR to connect with the agricultural community in Ghana.
“Our participation will focus on strengthening our participation with the Ghanaian farmers and showcase our work. We are here to share, learn, and collaborate towards a sustainable agricultural future.
“As the world grapples with the challenges of climate change and food insecurity”.
Cofie further explained that CGIAR’s involvement in the prestigious event underscores its commitment to advancing sustainable agricultural development through innovative research.
CGIAR engages directly with farmers, policymakers, and other key stakeholders to foster collaboration, share knowledge, and position itself as a provider ofsmart solutions for agricultural resilience and food security.
This year’s celebration takes place under the theme of “Delivering Smart Solutions for SustaInable Food Security and Resilience,” in Tarkwa, Western Region, on 1 December, 2023, with precursor activities at Agrifest Ghana 2023 in Accra from 27 November to 1 December.
The former governor of the Central Bank of Nigeria, Godwin Emefiele will remain in prison after failing to meet the hefty N300 million bails set by the court.
Despite attempts by his legal team, the former CBN governor, who was recently arrested for allegedly breaking Nigerian procurement laws, has not been released.
Emefiele’s extraordinarily strict bail requirements has proven to be a significant barrier to his release.
The decision to keep Emefiele incarcerated has sparked debate on the justice system’s impartiality as well as the seriousness of the accusations brought against him.
Emefiele’s supporters contend that the bail sum is excessive and could be an attempt to weaken his financial standing.
However, others opposed to Emefiele contend that the charges are severe enough to warrant punitive legal measures.
The severity of the charges against the Emefiele is demonstrated by the court’s decision to uphold the high bond requirement.
Legal experts anticipate that Emefiele’s legal team will intensify their efforts to secure a more reasonable bail amount, citing the potential negative consequences of his prolonged incarceration on the nation’s economic well-being
President Bola Tinubu on Tuesday, November 28, urged the Senate to consider and approve his request to obtain a loan of $8,699,168,559 and €100 million as part of the 2022 – 2024 external borrowing plan of the federal government.
Tinubu’s letter of request was read at plenary by Senate President, Godswill Akpabio.
The president noted that the World Bank and African Development Bank have indicated interest to support the loan with $1billion and N1.5billion respectively.
Tinubu in his letter titled: “2022-2024 external borrowing plan” said: “I write in respect of the above subject and to submit the attached Federal Government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.
The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the Federal Executive Council (FEC) held on May 15, 2023.
“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.
“Consequently, the required approval is in the sum of $8,699,168,559 and €100 million
I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.
“Given the nature of these facilities, and the need to return the country to normalcy, it has become necessary for the Senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”
Senate President Akpabio thereafter referred the executive request to the Senate Committee on Foreign and Local Debts for further legislative work and to report at plenary in one week.
Popular Nollywood actress, Laide Bakare is set to marry for the third time after her two failed marriages.
The 43-year-old made the announcement in a post on her Instagram page on Monday.
Recall that the actress had previously married to Olumide Kunfulire with whom she shares a daughter named Simi, born in 2008.
In 2013 Bakare tied the knot for the second time with a Lagos socialite, Tunde Oriowo and had two sons together.
However, announcing her upcoming third marriage ceremony, the actress shared a video of herself and her husband-to-be.
Captioning the clip, she wrote: “Love is a beautiful thing. Join us this Saturday, December 2nd at AMORE GARDEN Lekki phase 1 by 5pm. I can’t wait to host you.”
In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend.
Scheduled to hold on Saturday, 16 and Sunday, 17 December 2023 at the Fidelity Grounds, Oniru, Victoria Island, Lagos, the event is designed to create a fun and relaxed atmosphere for children to play, parents to relax and young adults to unwind during the festive season.
“The Yuletide season is all about coming together and spending quality time with loved ones especially as we wind down the year in anticipation of a new year.
As a bank committed to providing memorable experiences for its clients, we pioneered the Fidelity Family Weekend to fete host our customers and clients to two fun filled days of family entertainment.
We believe this is one more way of thanking our customers for a successful year,” noted the Divisional Head, Brand & Communications, Fidelity Bank Plc, Meksley Nwagboh, Ph.D. in a chat with journalists.
The Fidelity Family Weekend would run from 10am to 10pm daily and would feature dedicated fun activities for children including dancing competitions, bouncing castles, train rides, Santa’s Grotto, balloon games, amongst others.
Similarly, the programme for the adults’ section would feature exciting activities like karaoke competitions, games arcades, couple games, musical performances and so many more fun games that are geared towards providing a memorable experience for guests.
Entry into the event is free but guests are required to pre-register at www.fidelitybank.ng/family-weekend before 12 December 2023.
Commenting further, Dr Nwagboh said, “As a bank dedicated to helping individuals grow, businesses thrive and economies to prosper, we boast of an array of products and services for our diverse client base.
These include the Fidelity SWEETA account for young children below the age of 17 years, Fidelity Flex for teenagers and undergraduates; and even the Fidelity Vintage Account for senior citizens; all tailor-made to meet our customer’s specific needs. The Fidelity Family Weekend is therefore another demonstration of this devotion to provide platforms for our customers to fulfill their lifestyle requirements”.
A gas plant located in the Rumukurusi axis of Port Harcourt, Rivers State, went up in flames early on Tuesday, causing panic among residents and business owners in the area.
It was gathered that the incident occurred at about 5 am when most people were still asleep.
Residents said they woke after hearing people shouting from the location of the gas facility owned by Hydropet Oil Services Limited.
A shop owner in the area who simply gave her name as Grace, said she saw the fire when she woke up around 5:20 am
She stated, “So I quickly came out to the road leading to Eneka, lo and behold it was Hydropet gas plant that was on fire. The fire was huge. I was so afraid because My shop is close to that place.”
Leading Reporters learnt that it was the Shell fire service that extinguished the fire which lasted for about four hours.
“Imagine from Artillery to Eleme Junction there is no fire station. Even when the Federal Fire Service came within a short time they ran out of water.
“Thank God for the Shell Fire Services because we don’t know maybe the tank would have exploded.”
Meanwhile, many residents and business owners thronged out to catch a glimpse of the fire, while some expressed worry over a possible explosion.
Scores of policemen and the fire service team cordoned off the area with red lights and prevented vehicles from further accessing the road.
When contacted, the Police Public Relations Officer in the State, Grace Iringe-Koko, said she would find out from the police division and get back to our correspondent.
She had yet to do so as of the time of filing this report on Tuesday morning.
