Author: straightnewsng.com

Akwa Ibom State House of Assembly has urged Governor Umo Eno to issue an Executive Order to addressing security breaches in the state. This followed the recent gruesome murder of a 70-year-old Elder Enefiok Etuk and his younger sibling, Ebongeti Etuk in Nsit Ibom Local Government Area of the state. The killings of the two brothers in circumstances yet to be unravelled by the police who claimed to have launched a manhunt for the assailants. It is gathered that the House has impressed it on Governor Umo to come up with the Executive Order in a bid to stem the…

Binance Nigeria is in dire straits as the Federal Government slammed a $10 billion fine on the crypto currency trading platform. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu, confirmed this to the BBC Friday morning. Binance is an online exchange where users can trade cryptocurrencies. Nigeria is one of the largest peer-to-peer crypto markets in the world. Between July 2022 and June 2023, crypto transactions in the country reached $56.7 billion, according to Chainalysis. However, an insider in Binance confirmed to Peoples Gazette that the company has no intention to pay the fine. Also…

Cross River State Governor, Senator Bassey Otu has reinstated Prof. Itam Hogan Itam, as the Village Head of Obufa Obio Ukem, Clan Head of Efut Ukem, Muri Munene, and Paramount Ruler of the Efuts. The restoration was contained in a press release by Governor Otu’s Chief Press Secretary, Emmanuel Ogbeche. Prof. Itam was dethroned by former Governor Ben Ayade in May 2022, for allegedly participating in political activity, during a build-up to the 2023 general election. However, the Governor said his restoration is based on the ruling of the High Court of Cross River State in Suit No. HC/MSC/154/2022 between…

The Nigeria Deposit Insurance Corporation (NDIC) has announced the successful reimbursement of depositors affected by the closure of 179 microfinance banks and four mortgage banks nationwide. Dr. Bello Hassan, the Managing Director of the NDIC, stated this during the NDIC Special Day at the 45th Kaduna International Trade Fair on Thursday. Represented by Hauwa Gambo, the Deputy Director of Communication at NDIC, Hassan reaffirmed the corporation’s commitment to protecting the funds of depositors in distressed licensed banks. Hassan highlighted the implementation of the Single Customer View framework, aimed at expediting payments to depositors of liquidated banks. Related posts CBN Shuts…

A Pastor of the Redeemed Christian Church of God is in hot waters following his arraignment before the Lagos State Sexual Offences and Domestic Violence Court in Ikeja. Pastor Emmanuel Orekoya was arraigned before Justice Abiola Soladoye for allegedly defiling and impregnating his 17- year-old daughter. Lagos State government slammed two counts of unlawful sexual intercourse and sexual assault against the defendant. In November 2022, the daughter of the Pastor had called him out in viral video for molestation and allegedly defiling her several times when she was a minor. Also read Defilement: Court sentences Man to life in Akwa…

Amid rebuttals of payment of N30 billion to governors to resolve food crisis, Nigeria’s Senate President Godswill Akpabio has made a U-turn and apologized for making the claim. Recall that Akpabio had said based on unverified report, each of the 36 Nigerian state governors received additional N30 billion from the Federal Inland Revenue Service (FIRS) to tackle food scarcity and hardships facing Nigerians. In a rejoinder by Hon. Eseme Eyiboh, his Special Adviser on Media and Publicity and official Spokesperson said ‘‘The office of the President of the Senate has been drawn to various misconceptions in the public domain on…

Contract worth N1.07 trillion was Monday approved by Federal Executive Council for the construction of the first phase of the Lagos-Calabar Coastal Highway. Announcing a resolution of the FEC’s meeting, Works Minister Dave Umahi said the pilot phase consist a 47.47-kilometer dual carriage way of five lanes on each side and a train track on the middle. The phase, according to him, is part of the 700-kilometre road, spanning through nine states with two leading to the North. Umahi, who stated this while chatting with State House reporters after FEC’s meeting in Abuja, said the project will be constructed with…

Open letter to Senator Godswill Akpabio, President of the Senate of the Federal Republic of Nigeria My Dear Senate President, Modesty Is a Virtue to Embrace I hope this letter finds you well, despite the passage of time since we last communicated directly. It is with a heavy heart that I take this public platform to address you, given our longstanding relationship and the mutual respect we have shared. Over the past three years, attempts to reach out to you have been met with silence, prompting me to resort to this open correspondence. It is crucial that I express my…

The Center For Human Rights and Accountability Network (CHRAN), a good governance group in Nigeria, has decried the poor state of development in the 31 local government areas of Akwa Ibom State. As a first-line measure, CHRAN wants the Akwa Ibom State House of Assembly Committee on Local Government and Chieftaincy Affairs to wake up to its oversight responsibility by embarking on a tour of the councils to appraise and spur up effective development at the grassroots. The position paper was jointly signed by CHRAN’s Director and its Secretary, Otuekong Franklyn Isong and Barr. Christopher Ekpo, respectively, and presented by…

The Central Bank of Nigeria (CBN) has placed limits on the foreign exchange (FX) sales by Bureau De Change (BDC) operators.  The apex announced the directive on February 23, 2024, in a document entitled ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’. BDCs, according to the circular, may sell foreign currency in the equivalent of $4,000 and $5,000 for personal travel allowance (PTA) or business travel allowance (BTA), respectively, to an individual once every six months, the apex bank said. This as the Presidential Candidate of the Labour Party in the 2023 general elections, Peter Obi…