Author: straightnewsng.com

Policy Alert has called on Nigeria’s Fiscal Responsibility Commission (FRC) to investigate what it calls spurious loans obtained by Akwa Ibom State government. The Civil Society Organisation, promoting economic and ecological justice in the Niger Delta, claims that the loans “were obtained without due process and in breach of the Fiscal Responsibility Act 2007 and the Akwa Ibom State Fiscal Responsibility Law 2020.” Section 2(1b) of the Fiscal Responsibility Act (2007), stipulates that the Commission shall have powers to cause an investigation into whether any person has violated any provision of the Act. The call comes on the heels of the approval by Akwa Ibom State House…

The granting of request of Governor Udom Emmanuel by Akwa Ibom State House of Assembly at its plenary, to source for a N150 billion loan facility from the stock exchange market has generated heat.    Hear contributions of some of the members: Udo Kieran’s Position (Oruk Anam)  The instrument the Governor is asking for is not a loan. He has what it takes to create the money in the money market. When I read the news on the media, I approached the Governor and asked him. He told me that he is not taking any loan. He told me, “I…

US President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the Ukraine invasion, a move acknowledged would drive up U.S. energy prices. “We’re banning all imports of Russian oil and gas energy,” Biden told reporters at the White House. “That means Russian oil will no longer be acceptable in U.S. ports and the American people will deal another powerful blow to (Russian President Vladimir) Putin’s war machine.” Oil prices jumped on the news, with Benchmark Brent crude LCOc1 for May climbing by 5.4% to $129.91 a barrel by 1345 GMT. Read…

President Muhammadu Buhari and Governor Udom Emmanuel praised Nigerian women on the vital role they play to the betterment of the homes and the larger society. The President and the Governor stated this Tuesday during the celebration of the 2022 International Women’s Day. In a statement signed by Femi Adesina, the presidential spokesman, Buhari stated that celebrating under the hashtag, “#BreaktheBias, and the theme; Gender Equality Today for a Sustainable Tomorrow,” is an opportunity to reflect on the vital roles women play in society, homes, governance, the professions, and in all walks of life. Read also: Nigerian Woman Speaks Out…

The interim caretaker chairman of the All Progressives Congress,  Abubakar Bello, says the zoning report submitted by the committee led by the Kwara State Governor has been adopted and will be released Tuesday. Bello who is also the Niger State Governor said the National Executive Council meeting of the party will hold next week with President Muhammadu Buhari joining remotely. The APC last Monday postponed its National Convention to March 26. Read also: Bello takes over as acting APC CECPC Chairman, swears in state chairmen It was earlier scheduled to hold on February 26. But there are speculations that the…

The Federal High Court in Abuja, Tuesday, sent Governor David Umahi of Ebonyi State and his Deputy, Dr Eric Kelechi Igwe packing, over their defection from the Peoples Democratic Party, PDP, to All Progressive Congress, APC. The court, in a judgement that was delivered by Justice Inyang Ekwo, held that the total number of 393,042 votes governor Umahi secured during the March 9, 2019 governorship election in Ebonyi state, belonged to the PDP and same could not be legally transferred to the APC. According to the court, having defected to the APC, both Umahi and his deputy, not only jettisoned…

The Akwa Ibom State domestic debt profile, as at March 7, 2022, has risen to N389.55 billion allegedly collected for the completion of ongoing development projects. This is as Akwa Ibom State House of Assembly, Monday, March 7, passed a resolution authorising Governor Udom Emmanuel to raise N150 billion from the money market for the funding of ongoing projects in the state. Published data from the Debt Management Office (DMO) in December 2021 put the domestic debt of Akwa Ibom State at N234.85 billion. Related posts: Akwa Ibom Debt Profile On The Rise Loans: NGO Raises Alarm Over ‘Huge’ Akwa…

After several failed attempts by Nigerian government to extradite him, Mr. Sunday Adeyemo, the detained Yoruba Nation activist, has been released by the Benin Republic Government. The activist, who is fondly called Sunday Ighoho, was released on Monday to the leader of the umbrella body of Yoruba Self-determination Groups, Ilana Omo Oodua Worldwide, Professor Banji Akintoye, and his deputy, a French Language Expert and Chieftain of Ilana Omo Oodua Worldwide, Professor Wale Adeniran. In a statement issued by the Communications Secretary to Ilana Omo Oodua Worldwide, Mr. Maxwell Adeleye, Akintoye described Igboho’s release as a “Triumph of Truth over Darkness…

Former Chief of Staff to Akwa Ibom Governor, Akparawa Ephraim Inyang-Eyen has warned people in the state to be wary of deceit by political office seekers during elections. Inyang-eyen stated this on Saturday at a rally organized for the Senator representing Uyo Senatorial District in the National Assembly, Senator Bassey Albert by youths of Eket Senatorial District. Straightnews gathered that the veiled statement referred to his former boss whom he served as Commissioner for Works and Chief of Staff for more than six years, purportedly implying that he might have deceived Akwa Ibom people in not delivering the needed dividends…

Greenwich London Council has reportedly fined Nigerian singer, Davido £340,000 (N190 million) for his just-concluded sold out show at O2 Arena in London, United Kingdom. Greenwich London Borough Council is the local authority for the Royal Borough of Greenwich in Greater London, England. A social media influencer based in London, Marvin Abbey who stated this on his Twitter page, explained that the singer was supposed to end his concert at 11pm, but he overshot the time. Read also: Davido releases N250 million to 292 orphanages Talented singer Davido richer by $22.3 million in 2021 How Gospel Songs Give Succour To Award-Winning Singer, Davido Marvin wrote: “Davido was supposed…