President Bola Ahmed Tinubu has directed that former federal civil servants who relocated to foreign countries without resigning formally and still drawing salaries from the treasury be made to refund the money. The President also ordered that supervisors and department heads under whose watch these frauds occurred and who aided and abetted these fraudulent practices must be punished. President Bola Tinubu who was represented by the Secretary to the Government of the Federation, George Akume, gave these directives at the 2024 Civil Service Award and Gala Night to mark the 2024 Civil Service Week. “While I was away in South…
Author: Michael Chibuzo
…Gold transaction adds $5m to foreign reserves …70+ Kilograms refined for London Bullion Market Gold delivery standard Solid Minerals Development Minister, Dr. Dele Alake has commended President Bola Ahmed Tinubu for supporting reforms in the solid minerals sector assuring that the National Gold Purchase programme will increase the country’s reserve and boost the naira’s value. Presenting the latest gold bar sourced from artisanal and small gold miners and refined by an agency of the Ministry, the Solid Minerals Development Fund, to meet the London Bullion Market Association Good Delivery Standard over the weekend, Alake said the refined gold would be…
The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has expressed satisfaction with the progress made so far on the AKK Gas Pipeline Project, spearheaded by the Nigerian National Petroleum Company Limited (NNPC Ltd) and commended the team for their doggedness and dedication. The Minister who gave the commendation on Friday in Kaduna emphasized the importance of the project to President Bola Ahmed Tinubu’s Administration Strategy to grow the economy and create jobs. He stated that the Federal Government is committed to providing all necessary support towards ensuring the completion of the project within six…
By Fredrick Nwabufo Nigeria’s rising global profile is not the conjuring of luck or the divination and contrivance of some dissociated variables. It is the result of purposeful, diligent, and experienced leadership. The workings of President Bola Tinubu’s leadership. Nigeria has always mattered in the chat rooms and chopping tables of global discourse — as pertaining Africa. It has always been significant as the largest democracy in Africa, and as the most populous nation and one of the biggest economies on the continent. But the world is paying more attention to Nigeria. It is taking more interest in the nation…
The Federal Government of Nigeria has reacted to reports indicating that 12 lawmakers in the United States wrote to the US President, Joe Biden to urgently intervene and ensure the release of one of the Binance Executives undergoing trial in Nigeria. The lawmakers claimed that the Binance Executive, Tigran Gambaryan who is a US citizen is being held in “unsavoury prison conditions” in Nigeria and that his health was deteriorating as a result. The Federal Government in a statement released by the Minister of Information and National Orientation, Mohammed Idris on Friday has refuted the claims made by the US…
Three out of the six airplanes in Nigeria’s Presidential Fleet has been put up for sale by the federal government. The expected sale of these three ageing presidential jets according a government official meant to rid the presidential fleet of those aircrafts who are becoming increasingly unserviceable. The move will also drastically reduce the amount of money the federal government spends on fleet maintenance. The reported move to sell off half of the airplanes in the presidential fleet is coming amidst the recent recommendation of the House of Representatives Committee on National Security and Intelligence for the government to purchase…
Nigeria’s foreign reserves have increased by more than $1.4 billion within a month, hitting $33.58 billion as at June 19th, 2024. This figure is the highest level since March 28, 2024. This marks a significant financial milestone in Nigeria’s quest for increased foreign exchange reserves. This significant increase in FX reserves is also coinciding with the longest period of stable exchange rate seen in over a year. The exchange rate has remained largely within the N1,500 to 1$ average for over a month now. The volatility of the past few months has considerably ebbed. There is also considerable convergence between…
The Knights of Sir Paul Chukwuma (KSP), a grassroot-based support group has declared that ahead of the APC governorship primary in Anambra State, majority of party faithfuls have shown strong preference for the former National Auditor of the APC, Sir Paul Chukwuma to emerge as the governorship candidate of the APC for the 2025 governorship election in the state. In a statement signed by the Publicity Secretary of the group, Charles Igwe on behalf of the State Executive Committee and the Local Government Coordinators of KSP in the 21 LGAs of Anambra, the support group stated that Sir Paul Chukwuma…
The National Publicity Secretary of the All Progressives Congress (APC), Felix Morka, Esq. has described the allegations by the Peoples Democratic Party (PDP) accusing the APC of plotting to forcefully take over the government of Rivers State as a plot that exists only in PDP’s “warped imagination”. The APC national spokesman stated this in a press statement released to journalists yesterday evening in response to the PDP’s accusation. Felix Morka in the statement, slammed the PDP for mischievously misrepresenting the comments reportedly made by the Chairman of the Rivers State APC Caretaker Committee, Chief Tony Okocha while sweeping under the…
The leader of the proscribed Indigenous People of Biafra, Nnamdi Kanu, has condemned the killing of soldiers by suspected members of the group in Aba few weeks ago as well as in other places. The detained IPOB Leader made this condemnation today in a brief interview to Channels TV shortly after the day’s court session was adjourned. Speaking on the insecurity in the South East, Kanu said, “There will not be insecurity when I am out of this place (detention). I condemn any manner of killing, every manner of killing, I condemn it in its entirety.” Mazi Nnamdi Kanu stated…