Author: straightnewsng.com

Former Governor of Bauchi State, Isa Yuguda, Monday, spilled more fuel subsidy scam racketeered by the Nigerian National Petroleum Company (NNPC) in conjunction with marketers and other stakeholders in the crude oil sector.  The fuel otherwise known as Premium Motor Spirit (PMS) until its removal by President Bola Tinubu administration has been regarded as a scam by many Nigerians and experts. Yuguda who also was former minister of state for transport, stated this when he appeared as a guest on Channels Television’s Sunrise Daily. “I remember a friend of mine in the oil industry, who during a meeting of an…

The British man behind the massive hack of celebrity Twitter accounts including Barack Obama, Joe Biden, Kim Kardashian, and Elon Musk has been jailed for five years. Joseph James O’Connor, 24, pleaded guilty to a string of cyber crime offences in May, almost three years after his hacking group which aimed to hijack over 130 Twitter accounts in a Bitcoin scam. Those targeted include leading brands such as Apple and Uber, as well as Bill Gates, Barack Obama, and other high-profile figures, The Guardian reports. O’Connor, also known under an online alias as Plugwalk Joe, additionally pleaded guilty to stealing…

The Federal Government has declared Wednesday, June 28 and Thursday, June 29, 2023 as Eid-El-Kabir public holiday. This was contained in a statement by a Permanent Secretary in the Ministry of Interior, Oluwatoyin Akinlade.  “The Federal Government has declared Wednesday June 28th and Thursday June 29th 2023 Public Holidays in commemoration of this year’s Eid-el-Kabir celebration and heartily felicitates with the Muslim Ummah at home and in the diaspora,” the statement read. Akinlade enjoined Muslims and all Nigerians “to make sacrifices for the growth and development of our communities and our great country, Nigeria.” The permanent secretary expressed hope that…

Corpses of three medical students from two universities involved in the Marina Resort boat mishap in Calabar, Cross River State capital have been recovered, the State Police Command confirmed Monday. Straightnews online had reported that the tourist boat accident occurred on Saturday afternoon at the popular Marina Resort in the coastal city. The three students were missing, while 11 others were rescued on Saturday after their boat capsized at the Calabar resort. Also read:  Boat mishap: Three medical students die in Calabar It was gathered that the passengers were on a boat cruise when the mishap occurred around 3 p.m.…

President Bola Ahmed Tinubu has been brought under pressure to sack Maj. Gen Barry Tariye Ndiomu, Rtd, as Coordinator of the Presidential Amnesty Programme over allegation of  ‘‘gross incompetence, cluelessness and visionless leadership.’’ A press release signed by Comrade Ebiowei Alaowei, National President, Presidential Amnesty Programme Beneficiaries Forum on Monday, alleged that ‘‘Maj-Gen. Barry Tariye Ndiomu, Rtd, has completely bastardised the Presidential Amnesty Programme with his clueless leadership style and has neglected the real beneficiaries of the programme.’’ Alaowei noted that ‘‘He has instead incorporated into the programme people who were never part of the programme. The original beneficiaries of…

Nigerians face tougher times as President Bola Tinubu administration removed Premium Motor Spirit (PMS) subsidy, added 7.5 per cent on diesel and plans to hike electricity tariff. Already, Abuja Electricity Distribution Company (AEDC) has notified its customers of an increase in electricity tariff from July 1, 2023. In a statement released on Sunday, June 25, AEDC stated that the review was due to the fluctuation of the Naira in the exchange rate. Also read: NERC supports New Electricity Act The statement reads “Effective July 1st 2023, please be informed that there will be an upward review to the electricity tariff…

Tension that gripped residents of Sokoto metropolis on Sunday over alleged blasphemy of the Holy Prophet of Islam, Muhammad (SAW) ended on a tragic note. This was even as angry mob lynched one Usman Buda, a butcher at Sokoto Abattoir, over an alleged blasphemy of the prophet. According to a report by Daily Trust, the butcher allegedly made the comment during an argument with another trader at the Sokoto main Abattoir around 8 a.m. on Sunday. “Our leaders made a fruitless attempt to save him but they could not contain the crowd. They initially rescued him and hid him before they…

Zenith Bank is the latest company to join the exclusive group of stocks worth over one trillion (SWOOTs) as market capitalization crossed N1 trillion during the week. The stocks in this category are now Airtel Africa, MTN Nigeria, Dangote Cement, BUA Foods, BUA Cement, and Zenith Bank. Its share price appreciated by 3.23% from last week to close at N32 per share taking its market capitalization above a trillion to close at N1.004 trillion. Also read: Nigeria Stock Market Loses N265b On Banks’ Unimpressive Q3 Results At the close of market activities for the week, the combined market capitalization of SWOOTs is now valued at N21.560…

Socio-Economic Rights and Accountability Project (SERAP) has told Central Bank of Nigeria (CBN) to ‘‘withdraw regulations on customers’ social media handles or face legal action.’’ “Immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification,” SERAP urged. It further urged Mr Folashodun Shonubi, acting CBN Governor, to “withdraw the Circular number FPR/DIR/PUB/CIR/007/076 of 20 June 2023 mandating banks and other financial institutions to implement and comply with the unlawful mandatory provisions on customers’ social media handles in the CBN…

Nigeria’s Senate President, Godswill Akpabio, has restated the readiness of National Assembly to partner President Bola Tinubu administration in changing policies inhibiting progress and development of the country. Akpabio stated this on Saturday at the Thanksgiving Service organised in his honour at the Regina Pacis Auditorium, St. Anne Cathedral Ifuho, Ikot Ekpene Local Government Area of Akwa Ibom State. Akpabio who appreciated God for His mercies and grace upon his life and family, thanked the president, the National Working Committee (NWC) of the ruling All Progressives Congress (APC) and his colleagues in the Senate for standing by and supporting him…