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BREAKING: FG Drops All Charges Against Binance Executive Gambaryan

by Folarin Kehinde October 23, 2024
written by Folarin Kehinde

The federal government has dropped all charges against Tigran Gambaryan, a Binance Holdings executive who has been detained since April and facing trial for money laundering.

The Economic and Financial Crimes Commission (EFCC) announced the withdrawal of charges at the Federal High Court in Abuja on Wednesday morning.

It should be recalled that the judge, Emeka Nwite, had previously denied Gambaryan bail twice, citing flight risk concerns.

Gambaryan’s health had reportedly deteriorated during detention, with prison officials describing him as “very sick”.

Gambaryan, a United States citizen and former IRS agent, was arrested in February while visiting Nigeria to address regulatory concerns about Binance. He was accused of money laundering and operating an unlicensed financial institution.

The prosecution’s lawyer stated that Gambaryan was merely an employee of Binance, not involved in the company’s broader financial decisions.

Mark Mordi, Gambaryan’s defence lawyer and Senior Advocate of Nigeria agreed with the prosecution’s assessment.

It is understood that there were intense diplomatic efforts between Nigerian and US government officials to secure Gambaryan’s release.

US lawmakers had campaigned for Gambaryan’s release, writing to relevant authorities to intervene.

October 23, 2024 0 comments
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Headlines

BREAKING: FG reacts to CNG car explosion in Edo state

by Folarin Kehinde October 18, 2024
written by Folarin Kehinde

The federal government has finally reacted to the recent CNG-powered vehicle explosion at the NIPCO filling station in Aduwawa, Benin, Edo State.

Speaking on TVC this afternoon, the Director General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, urged Nigerians to prioritize safety when converting their vehicles to Compressed Natural Gas (CNG).

The explosion, which occurred on Wednesday, left three individuals severely injured, including a motorist who suffered significant eye injuries.

According to a filling station attendant, a woman was critically injured with her stomach ripped open, while another person had to undergo a foot amputation due to the blast.

All injured parties are currently receiving treatment at the University of Benin Teaching Hospital (UBTH).

The incident was traced back to a cylinder that had been improperly fabricated by a welder lacking the necessary approvals.

Osanipin reiterated the importance of using only accredited CNG conversion centers to ensure the safety of both vehicles and their occupants.

“If you want to convert your vehicle, go to accredited CNG conversion centres to ensure safety; don’t go to roadside mechanics,” he advised.

He pointed out the government’s efforts, noting that six agencies are currently working on the Presidential CNG Initiative to bolster safety measures and expand the service network for CNG-powered vehicles.

Osanipin urged all Nigerians to remain vigilant and informed about the risks associated with unregulated CNG conversions, stressing that safety must always come first.

October 18, 2024 0 comments
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Tinubu
Headlines

FG to Tackle Poverty, Plans Cash Transfers for 20 Million Poor Nigerians

by Folarin Kehinde October 16, 2024
written by Folarin Kehinde

The Federal Government has unveiled a comprehensive plan to provide cash transfers to 20 million poor Nigerians in a move to address poverty and improve living standards.

According to Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the social investment program aims to impact 60% of the poorest citizens, directly supporting 20 million households.

He made the disclosure at a panel session titled ‘Fiscal Reforms for a More Secure Future’ during the 30th Nigeria Economic Summit in Abuja on Tuesday.

He said the government’s economic reform agenda focuses on reducing inflation, creating jobs, and stimulating growth in key sectors such as agriculture, manufacturing, oil, and housing.

Edun attributed the increased revenue to the effective application of technology, which has reformed the civil service and improved domestic resource mobilization.

He said, “In terms of revenue, the number one place to look was inwards, domestic resource mobilisation. That’s where the government started. By the first half of this year, revenue had doubled.

“Aggregate government revenue was more than doubled. And that was achieved by applying technology very robustly.

“We have applied technology in a way that essentially reforms the civil service. Rather than waiting for compliance from government ministries, departments and agencies and government companies, we looked at what the rules and regulations were, how much a company was allowed to spend on its revenue, and then how much of its surplus it had to provide to government.

“The social investment programme is spearheaded by direct transfers to reach 60 per cent poorest in the population. And right now, 20 million households are being supported directly. And it’s going to rise to, well, 20 million people, four million households so far, and it will rise to 15 million households who will be paid directly by the government.

“That is how President Tinubu’s government is spending the money which is being yielded from better oil production.”

Edun also revealed that the government is focused on agriculture, manufacturing, oil, and housing as vital drivers of the country’s economy.

“We are looking to food production to help bring down inflation,” he explained.

“We aim to make food more available, affordable, and to reduce the cost of living for Nigerians.”

October 16, 2024 0 comments
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Headlines

‘It is now compulsory, All Students Must Graduate with 2 skills” FG

by Folarin Kehinde October 11, 2024
written by Folarin Kehinde

The federal government said with the new curriculum set to roll out for Basic and Senior Secondary Education in Nigeria, every student must graduate with at least two skills.

The Minister of Education, Prof Tahir Mamman who stated this said the new curriculum is designed to incorporate knowledge, skills and values at Basic and Senior Secondary Education levels.

He stated this at the 68th National Council on Education (NEC) meeting in Abuja on Thursday, with the theme, “Innovation, Digital Technology Entrepreneurship: Tools for Educational and National Development in the 21st Century. “

He said the new curriculum is designed to incorporate knowledge, skills and values, especially with a special focus on skills, so that students, when they graduate, will have skills that they can connect with the economy and have a productive life.

He explained that today, they share a common challenge that the country’s educational curriculum is all in danger of becoming obsolete as technology is disrupting every industry, including education.

“A well-designed and effective curriculum determines a sustainable development, quality, and the relevance of education. This is the main reason why this administration places priority on the institutionalisation of curriculum development in the overall context of education,” he said.

The ministry, according to him, is implementing the Education Transformation Agenda of Mr. President designed to comprehensively overhaul the education sector to ensure quality learning, skill development, access and equity.

Prof Mamman reaffirmed that government has the primary responsibility of protecting and ensuring inclusive and equitable quality education at all levels for all learners.

“The government therefore, is committed to observing all relevant international protocols, conventions and treaties for the protection of our learners, teachers, learning institutions and facilities from attack and any other instrument on education, which the country has domesticated. “

Earlier, in his welcome address, the Minister of State for Education, Dr Tanko Sununu said any nation that is desirous of growth must in essence embrace the new culture of creative ideas, entrepreneurship and the use of digital technology.

He said: “To meet the challenges posed by new technological development, we must ensure that the educational system is structured and made more relevant to the needs and aspirations of the society.”

Sununu noted that new and relevant ideas must be injected into the system to enhance national development, adding that education at all levels needs renewal in order to meet up with the present globalisation.

Also, the Chairman Senate Committee on Tertiary Institutions and TETFund, Muntari Mohammed said digital literacy must be a fundamental component of the curriculum, adding that their leadership remains focused to ensure stability in the education sector.

October 11, 2024 0 comments
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Headlines

We’re not responsible for petrol price hike – FG

by Folarin Kehinde October 10, 2024
written by Folarin Kehinde

The Federal Government has said it is not responsible for the hike in the pump price of petrol.

On Wednesday, the Nigerian National Petroleum Company Limited (NNPCL) raised the pump price of fuel from N897 per litre to N1, 030 in Abuja; from N855 to N998 in Lagos; N1, 070 in North-East; N1,025 in other South-West states; N1,045 in South-East and N1,075 in South-South.

This had triggered reactions among Nigerians who asked President Bola Tinubu to work towards reversing the increment.

But in a chat with Daily Trust, Minister of Information and National Orientation, Mohammed Idris, said the government should not be held responsible for the latest hike in petrol price.

The minister explained that the NNPCL made the decision in response to prevailing circumstances in the energy industry, emphasising that it did not act on any instruction from the federal government, as the government can no longer fix prices of petroleum products, in line with the provisions of the Petroleum Industry Act (PIA).

He said with the subsidy regime ending since May 2023, the NNPCL had only been paying differential to keep the price within the range it had been, but the company said it could no longer absorb the losses.

“The differential you’re seeing is a result of different factors. One of them is the crisis in the Middle East. There’s volatility in the market. Therefore, the prices of petroleum products are going up, consistent with what is happening with other operators in the industry globally.

Secondly, NNPC cannot continue to absorb these losses for Nigeria because as a limited liability company, it would be operating at a loss,” he said.

The minister urged Nigerians to continue to show understanding with the NNPCL and the government, assuring that in the long run the prices would ultimately come down.

October 10, 2024 0 comments
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Headlines

FG increases cost of number plates, driver’s license

by Folarin Kehinde October 9, 2024
written by Folarin Kehinde

Amid the economic hardship in Nigeria, the Joint Tax Board (JTB) has announced revised rates for national driver’s licenses and vehicle number plates, set to take effect from November 1, 2024.

Under the new pricing structure, Nigerians will now pay N15,000 for a three-year motor vehicle driver’s license, while a five-year license will cost N21,000.

Motorcycle and tricycle operators will also experience a price hike, with the three-year license now set at N7,000 and the five-year option at N11,000.

In addition to the driver’s license rate adjustments, the cost of vehicle number plates has seen a considerable increase.

Standard private and commercial vehicle number plates will now be priced at a minimum of N30,000. Fancy number plates, often used for personalized identification, will be sold at N400,000, while motorcycle number plates will cost N12,000.

Dealer motor vehicle number plates have been set at N100,000. Government vehicle number plates have also been affected by the revision.

The government fancy motor vehicle number plate will now cost N120,000, while the standard plate will be N80,000. For motorcycles, the government fancy number plate is priced at N50,000, and the standard number plate is at N20,000.

According to the JTB, the new rates will support the implementation of enhanced security features aimed at improving the identification processes for both drivers and vehicles across Nigeria.

Olusegun Adesokan, Secretary of the JTB, emphasized the importance of public awareness and education concerning these changes.

He said in a circular: “The secretariat has requested that the FRSC notify the JTB of its public engagement and sensitization plans.

“This is to enable relevant inputs where necessary, as we are confident that a very robust engagement arrangement will ensure the seamless implementation of the revised rates as approved by the board.”

October 9, 2024 0 comments
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Headlines

FG denies approving Dangote Refinery as sole supplier of Aviation Fuel

by Folarin Kehinde October 9, 2024
written by Folarin Kehinde

The Minister of Aviation and Aerospace Management, Festus Keyamo has denied saying that the federal government approved the Dangote Petroleum Refinery Company as the sole supplier of Jet A1 fuel to domestic airlines.

The minister made the clarification in response to reports quoting him as saying that the government approved the 650,000 barrels per day refinery as the only approved refinery for the job.

Keyamo appeared on Channels TV interview, which aired on Tuesday, where he said “The airline operators just met recently. With my blessing, it’s a decision from the airline operators in Nigeria that they should only buy from Dangote refinery Jet A1.

“You can see that yesterday we started naira-for-crude purchase with Dangote. It’s all Naira, no Dollar component.”

He also said sourcing petrol from Dangote would shield airline operators from the impact of crude oil price fluctuations.

But in a tweet seen by THE WHISTLER, the aviation boss clarified that the decision was not made by the federal government.

According to him, the Airline Operators of Nigeria (AON) made the decision and not the federal government.

He clarified, “This is a misrepresentation of what I said. The correct position is that the Airline Operators of Nigeria voluntarily decided they would patronise Dangote Refinery in their purchase of JET A1 Fuel.

“Not that the federal government approves Dangote Refinery as sole supplier. that is not correct.”

October 9, 2024 0 comments
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Headlines

Nigeria @64: FG plans low-key celebration as Nigerian youths protest against hunger

by Folarin Kehinde September 30, 2024
written by Folarin Kehinde

While the Federal Government is planning a low-key Independence Day anniversary celebration, the EndBadGovernance protest organizers have also concluded plans to stage protests across the country.

Leading reporters reports that for the second time after President Bola Tinubu took over the leadership mantle in 2023, the FG on Thursday, September 26 announced that the October 1 Independence Day would be on a low key basis due to the mood of the nation.

The Secretary to the Government of the Federation, SGF, Senator George Akume told newsmen that President Tinubu’s government was aware of and sympathized with all Nigerians over the economic conditions they were passing through, hence the treason for a low-key celebration.

However, some activists clamouring to end bad governance in Nigeria are seeing the event as a fertile ground to continue their protest against the high cost of living and other lingering challenges bedeviling the nation.

Economic hardship

For most Nigerians, the economic situation of the country has aggravated to an unbearable stage.

Leading reporters reports that currently, there is no end in sight to the untoward hardship imposed on Nigerians from May 2023 after President Bola Tinubu announced the removal of fuel subsidy.

On Friday, September 27, the National Bureau of Statistics revealed that the prices of Beans, Rice, Bread, Egg have continued to rise across the country.

NBS, in its data, indicated that one Kilogram of Beans rose by 271.55 percent on a year-on-year basis to N2,574.63 in August 2024 from N692.95 recorded the same period last year.

Also on a month-on-month basis, the price of Beans increased to 5.31 percent to N2,444.81 in July 2024.

According to NBS, the average price of 1kg Local rice sold loose went up by 148.41 percent from N 737.11 in August 2023 to N1,831.05 in August 2024, while there was an increase of 3.65 percent on a month-on-month basis.

It also stated that the price of medium size eggs (12 pieces) experienced significant price increases by N121.92 percent from N1,031.55 in August of last year to N2,289.19 in August 2024.

Our correspondent gathered on Saturday that the price of a 50kg bag of rice has jerked up to about N100,000.

September 30, 2024 0 comments
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Headlines

Private employers paying below N70,000 risk jail – FG

by Folarin Kehinde September 19, 2024
written by Folarin Kehinde

The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated.

According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in government or private employment, should be paid less than the minimum wage.

The Permanent Secretary, Federal Ministry of Labour and Employment, Alhaji Ismaila Abubakar, stated this on Wednesday while speaking at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria, held in Ikeja, Lagos.

Abubakar, who was represented by the Director of Employment and Wages of the ministry, John Nyamali, said, “The minimum wage is now a law, and as a result, it is a punishable crime for any employer to pay less than N70,000 to any of its workers.

“The private employment agencies should make it compulsory in any contract they take from their principal that their workers should not earn less than the minimum wage. The least paid worker in Nigeria should earn N70,000, and I think that should be after all deductions.

“The minimum wage is a law, and you can be jailed if you fail to implement it. The Federal Government is committed to ensuring that the least paid worker goes home with N70,000.”

In his remarks, the President of the Employers Association for Private Employment Agencies of Nigeria, Dr Olufemi Ogunlowo, asked the government and Nigeria Labour Congress to clarify whether the N70,000 minimum wage is net or gross, stating that all ambiguities in the Act should be highlighted and explained.

September 19, 2024 0 comments
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Headlines

FG Declares Monday Public Holiday

by Folarin Kehinde September 13, 2024
written by Folarin Kehinde

The Federal Government has declared Monday, 16th September as a public holiday to mark the celebration of the Eid-ul-Mawlid, the birth of the Prophet Muhammad,

This was disclosed in a statement on Friday by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani.

“The Minister of Interior, Dr. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Muslim Ummah both at home and in the Diaspora on this occasion,” the statement read.

The minister called on the Muslim Ummah and, by extension, Nigerians, to imbibe the spirit of patience, sacrifice, and resilience.

“While congratulating the Muslim Ummah on the occasion, the Minister implored them to use the opportunity of the period to pray for enduring peace and a more prosperous egalitarian nation,” the statement read.

September 13, 2024 0 comments
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