Author: straightnewsng.com

The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) has recovered N1.36 billion and 10.29 million dollars belonging to Nigerian Export and Import (NEXIM) Bank. Head, Media and Communications of the Panel, Ms Lucie-Ann Laha, who stated this in a statement in Abuja on Friday, said that the funds were recovered from Heritage Bank. Laha said that the dollar component of the recovered funds was part of refund of money illegally placed in fixed deposit by previous management of NEXIM Bank at Heritage Bank. “Upon maturity of the fixed deposit term, however, Heritage Bank failed to return…

The Federal High Court in Lagos, Friday, vacated the bench warrants issued against four officials of Akwa Ibom State government for allegedly refusing to appear before the court. The officials which include Nsikan Nkan, the state’s Commissioner for Finance; Mfon Udomah, the Accountant-General of the state; Uwemedimo Nwoko, the state’s Attorney-General and Commissioner for Justice and Margaret Ukpe were all said to be at large by the Economic and Financial Crimes Commission (EFCC). Their names were listed by the EFCC in the N1.4 billion alleged money laundering charge it brought against Mr. Paul Usoro (SAN), the President of the Nigerian…

 Manchester City legend, Yaya Toure, is hanging his boots and exploring a move into coaching and management, the Ivorian’s agent, Dimitri Seluk, has revealed. The midfielder and CAF Award winner, who is retiring at 35, moved to Greece following his release by Manchester City last summer after winning three Premier League titles- FA Cup and two League Cups. The former Ivory Coast international, who also represented the likes of Barcelona  and Monaco at the peak of his career, is set to explore a move into coaching and management. The final outings of his distinguished career came during a second spell…

The Election Petitions Tribunal sitting in Uyo, Akwa Ibom State, Friday, upheld that the ruling be deferred on respective applications till final addresses. The tribunal upheld the prayer of S. I. Ameh, SAN, Lead Counsel to Senator Akpabio at the resumed pre-hearing suit brought before it by Akpabio of the All Progressives Congress (APC) challenging the declaration of Engr. Chris Ekpenyong of the Peoples Democratic Party (PDP) as a winner in the Ikot Ekpene Senatorial election. Counsels to Engr. Ekpenyong and Peoples Democratic Party (PDP), Kanu Agabi, SAN, and Solomon Umoh, SAN, respectively, had argued that the ruling should not…

The Abuja Division of the Court of Appeal on Friday struck out four appeals filed by ex-Chief Justice of Nigeria, Justice Walter Onnoghen, in relation to his trial before the Code of Conduct Tribunal. The three-man bench led by Justice Stephen Adah, in the four unanimous judgments, held that three of the appeals had become academic since the trial had been concluded by the CCT. One of the appeal was ruled to be incompetent. But delivering judgment on the appeal challenging the January 23, 2019 ex parte order made by the CCT for the suspension of the ex-CJN, Justice Adah,…

Arsenal and Chelsea have qualified for the Europa League final, completing an historic week with European football’s two major finals now featuring Premier League teams. The London clubs will face one another in Baku on 29 May while Liverpool will take on Tottenham in the Champions League final in Madrid on 1 June. Arsenal beat Valencia 4 to win their semi-final tie 3-7 while Chelsea sealed their place in the final by beating Eintracht Frankfurt  4-3 on penalties after the match finished 1-1 after extra time, with the aggregate score 2-2. Kepa Arrizabalaga was Chelsea’s hero as the Spanish goalkeeper…

The Securities and Exchange Commission (SEC), has approved the application by MTN Nigeria to list on the Nigerian Stock Exchange by way of introduction. This was confirmed by the Head, Corporate Communication, SEC, Efe Ebelo on Wednesday. Ebelo said the commission approved the listing after MTN had successfully completed the registration of 20,354,513,050 billion ordinary shares of N0.02 kobo. “The Securities and Exchange Commission, SEC can confirm that the application by MTN Nigeria to list on the Nigerian Stock Exchange by way of introduction has been approved.” According to Acting Director-General of SEC, Ms. Mary Uduk, “MTN sought to come…

Peoples Democratic Party (PDP), Thursday, rejected the Court of Appeal judgment which upheld Gboyega Oyetola of the ruling All Progressives Congress (APC) as the winner of Osun State governorship election. The Election Petition Tribunal in its March 22 ruling declared Mr. Ademola Adeleke of the PDP as the winner of the governorship election. Isiaka Oyetola of the All Progressives Congress, who was recognised by the Independent National Electoral Commission (INEC), approached the appellate court to review the tribunal judgment that sacked him as the duly elected governor of Osun. While a five-member panel of the appellate court led by Jummai…

President Muhammadu Buhari has re-appointed the governor of Central Bank of Nigeria, Godwin Emiefele, for a final five-year term. Emefiele was first appointed by former President Goodluck Jonathan in 2014 and was retained after Buhari assumed office in 2015. It is the first time since 1999, when Nigeria returned to democracy, that anyone would be nominated to serve two terms as CBN governor. Buhari’s letter seeking the Senate’s approval for his reappointment of Mr Emefiele was read out by the Senate President, Bukola Saraki, at the close of plenary on Thursday. The president, in the letter, said Mr Emefiele’s first…

The inaugurated Governing Board of the National Bureau of Statistics (NBS) has been challenged to devise innovative policies that would support the mandate of the bureau to aid the diversification of the economy. Headed by Dr. Kabiru Nakaura, the 15-member board comprising six political appointees and nine institutional members has Dr. Yemi Kale, the Statistician-General of the Federation/Chief Executive, NBS, as its secretary. Inaugurating the board on Thursday, Senator Udo Udoma, the Minister of Budget and National Planning, charged the members to see their appointments as a call to national service, stressing that the statistical agency remained critical to the…