Author: straightnewsng.com

An Egyptian Court, Saturday, ordered the arrest of the two sons of former President Hosni Mubarak on charges of stock market manipulation, state media reported. The Cairo Criminal Court accuses Alaa and Gamal Mubarak of being involved in making unlawful profits of about 500 million pounds (about 28 million dollars) from manipulating stock market shares. Saturday’s order includes three other defendants. All the defendants were being tried while they were at large after they had been released on bail in the case. The court set Oct. 20 for a trial. Egypt’s long-time dictator Hosni Mubarak was toppled in 2011 after…

The Peoples Democratic Party, PDP, is unhappy with the Economic and Financial Crimes Commission for freezing the private bank accounts of its governorship candidate, Senator Ademola Adeleke, in the Osun State election, and those of his family members, including singer, David Adeleke, popularly known as Davido. EFCC reportedly froze seven different bank accounts of the Adeleke family including that of Osun state PDP governorship aspirant Isiaka Adeleke, singer Davido and his billionaire father. Coming few days to Osun state governorship election, PDP, Saturday, called on President Muhammadu Buhari to direct the commission to immediately unfreeze their accounts. In addition, the…

Ex-President OIusegun Obasanjo has branded President Muhammadu Buhari ‘’King in the North’’ purportedly for appointing Yusuf Bichi, a Northerner as the new Director-General of Department of State Services, DSS. Bichi who has resumed duty took over from Matthew Seiyefa from Bayelsa State appointed as an acting Director-General of DSS by Prof. Yemi Osinbajo, the then acting President after the sack of Lawal Daura. Obasanjo who in his Twitter handle on Saturday tweeted ‘’Whenever I think the “King in the North” has healed from nepotism, tribalism, favouritism and irredentism, he will prove me wrong by striking another low blow.’’ The ex-president,…

As militancy continues to claim lives and property in Etim Ekpo and Ukanafun local government areas of Akwa Ibom State, two aides to Governor Udom Emmanuel have written off the insecurity as a no-issue that should deserve any government attention, investigation by Straightnews has shown. For more than three years past, Ukanafun and Etim Ekpo communities in Akwa Ibom State have been ravaged by cult war now militancy, resulting in the loss of more than 1,000 lives and property worth millions of naira. At worst, public schools have been closed, Ukanafun Local Government Secretariat under lock and key, health centres,…

What started as a rumour that Mrs Kemi Adeosun, the Finance Minister had resigned her appointment but was later dispelled by a few has been confirmed. As it is, President Muhammadu Buhari, Friday, accepted the resignation of Adeosun, and thanked her for her services to the nation, wishing her well in her future pursuits. In a statement signed by Mr Femi Adesina, Special Adviser to the President on Media and Publicity said the President also approved that Mrs Zainab Ahmed, Minister of State Budget and National Planning, should oversee the Ministry of Finance with effect from Friday. Premium Times more than…

Some Nigerians in the social media have continued to knock the appointment of retired Yusuf Magaji Bichi, another Northerner as the Director-General of the Department of State Services, DSS by President Muhammadu Buhari. With the appointment, Bichi will take over from Matthew Seiyefa, a Southerner who was appointed an acting Director-General of DSS after the sack of Lawal Musa Daura from Katsina State by Prof. Yemi Osinbajo, the then acting President. Appointees of Northern extraction under President Buhari include Lt.-Gen. Abdulrahman Dambazau, rtd (Kaduna state), Minister of Interior;  Ibrahim Magu (Borno state), Economic and Financial Crimes Commission (EFCC) Chairman;  Lt.-Gen.…

In the current ranking of top-flight African clubs, Egyptian club, Al Ahly, have the best team in the continent with Enyimba, a two-time African champions and Akwa United FC, the 2017 Aiteo Cup winners are the only two Nigerian clubs to join top 50. Ranked 69th in the world, Al Ahly is also only the African club ranked in the top 100 clubs with European champions Real Madrid leading the pack on the world stage. Enyimba, however, is Nigeria’s only representative in the top 500 clubs in the world, occupying 470, with Akwa ranked 634, while Lobi Stars and Kano…

The All Progressives Congress, APC, has promised Yakubu Dogara a crushing and humiliating defeat at the polls in the next year’s general elections. In its first formal reaction to news of the speaker’s defection, the party empathized with House Speaker, Yakubu Dogara, on his reported defection to the opposition Peoples Democratic Party, PDP, saying a bleak political future awaited him. “We have received several media requests for a reaction to the purported defection of the Speaker, House of Representatives, Rt. Hon. Yakubu Dogara from the All Progressives Congress (APC) to one of the opposition political parties, as reported…

The governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has called for caution by member countries of the West African Monetary Zone against rushing into a common monetary union and creating a common currency in the sub-region. He spoke at the 37th meeting of the Committee of Governors of Central Banks of the West African Monetary Zone, in Abuja, Thursday. He saidL “Our desire for greater economic prosperity for our people through a common monetary union must not vitiate our awareness of the potential adverse and contagion factors associated with unified monetary area and common currency.  “The unfolding…

Some governors, under the aegis of PDP Governors’ Forum, are divided between the choice of Senate President, Bukola Saraki, Sokoto State governor, Aminu Tambuwal, and ex- Vice President, Atiku Abubakar. Yet, Board of Trustees (BoT) members of Peoples Democratic Party, PDP are inching for a consensus presidential candidate of the party’s presidential primaries is slated for October 5 and 6. A source in the PDP Governors’ Forum, who confided in our correspondent Thursday, said eight out of the 14 PDP governors were rooting for Saraki, while the remaining governors are divided between Atiku and Tambuwal. The party has governors in…