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Report: Companies diverting export proceeds

A report by AZA Finance, an Africa-focused provider of currency trading solutions has attributed the pressure facing the naira on the parallel market to diversion of export proceeds away from the approved channels by a lot companies in the country.
The Federal High Court, Abuja, on Friday, ordered the Economic Financial Crimes Commission (EFCC) to remand Mr Abdulrasheed Maina, former Chairman, Pension Reform Task Team, in the Nigerian Correctional Service’s centre pending the determination of the case.

EFCC: How Abdulrasheed Maina stole N14 billion using fictitious accounts

A prosecution witness has narrated how a former chairman, Pension Reform Task Force Team, (PRTFT), Abdulrasheed Maina, who is standing trial before a Federal High Court in Abuja, stole about N14 billion from pension accounts through several illegal payments to fake pensioners, non-existing contracts, and other pension reform unions.
The Economic and Financial Crimes Commission (EFCC) says no amount of media campaign against its Chairman, Mr Ibrahim Magu will stop the prosecution of the former President of the Senate, Dr Bukola Saraki.

EFCC insists former Senate president bought Ikoyi property with monies drawn from Kwara government...

A witness brought to testify in the trial of former Senate President Bukola Saraki before a Lagos Division of the Federal High Court has narrated how Saraki allegedly purchased his Lagos properties with funds drawn from the coffers of the Kwara State Government.
The governor, Hope Uzodinma, disclosed this in Owerri, after meeting with the leadership of the state chapters of the Nigeria Union of Pensioners, NUP, led by Josiah Ugochukwu, Nigeria Labour Congress, NLC, Comrade Austin Chilakpu and Trade Union Congress, TUC, at the Government House in Owerri.

Ghost workers uncovered in Imo councils

About 300 ghost workers have been uncovered in the 27 local government areas of Imo State, Permanent Secretary of the Local Government Service Commission, Mrs. Rosemary Izuogu, said yesterday.
3. President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC, meeting at the Council Chamber, Presidential Villa, Abuja.

FEC approves N40 billion for road, ecological projects

The Federal Executive Council (FEC) yesterday approved N40 billion for the construction of road and ecological projects in different parts of the country.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Recession: Nigerian government won’t recall 2021 budget – minister

Despite the country sliding into recession and pressure to tinker with its fiscal policies, the Federal Government will not retrieve or adjust the 2021 budget now being considered in the National Assembly.

How Abdulrasheed Maina, others stole N14 billion from pension account – witnes

The trial of former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, on money laundering charges continued in his absence on Wednesday, as a witness, Mrs. Rouquayya Ibrahim, narrated how he stole over N14billion from the federal pension account.

Recession: CSOs express dismay over alleged poor management of economy

Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.

Capital market operators oppose Nigerian government’s proposed unclaimed dividend fund

The proposed plan by the Federal Government to manage unclaimed dividends, projected to hit N200bn by the end of this year, has drawn the ire of capital market operators on the adverse effects on investor confidence and future growth of the market.
L-R: Chairman, South West Governor’s Forum and Ondo State Governor, Arakunrin Rotimi Akeredolu; his Counterparts from Osun, Ogun, Lagos, Ekiti and Oyo States, Mr. Gboyega Oyetola; Prince Dapo Abiodun; Mr. Babajide Sanwo-Olu; Dr. Kayode Fayemi and Mr. Seyi Makinde

YCE seeks cancellation of pensions for former governors, deputies In Southwest

In order to reduce the cost of governance in the Southwest geo-zone, the Yoruba Council of Elders has called on remaining governors in the zone to follow the step of Governor Babajide Sanwoolu of Lagos State by canceling the pensions paid to former governors and their deputies.
Charli D’Amelio is the first TikTok creator to hit 100 million followers. She’s the first by some distance, too — only two other creators have cracked 50 million.

Charli D’Amelio hits 100 million TikTok followers

Charli D’Amelio is the first TikTok creator to hit 100 million followers. She’s the first by some distance, too — only two other creators have cracked 50 million. On TikTok, that makes her more than twice as big as Will Smith, three times as big as The Rock, four times as big as Selena Gomez, and five times as big as Kylie Jenner and Ariana Grande.
4. President Muhammadu Buhari is currently presiding over the 24th virtual Federal Executive Council, FEC, meeting at the Council Chamber, Presidential Villa, Abuja.

Recession: SERAP asks President Buhari to cut cost of governance, not public services

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him “to put the country’s resources at the service of human rights, and to support the less well-off to enjoy an adequate standing of living through cutting the cost of governance and implementing bold transparency and accountability measures in your government’s response to Nigeria’s second recession in five years.”

NNPC targets profitability by 2021 – chief

The Nigerian National Petroleum Corporation (NNPC) has restated its commitment to efficiency, openness, transparency and prudence in service delivery if it is to realise its objectives and meet the expectations of its shareholders.

Twitter to hand @POTUS account to Biden on inauguration day

Twitter will hand control of the presidential @POTUS account to Joe Biden when he is sworn in on inauguration day, even if President Donald Trump has not conceded his election loss, US media reported Friday.
President-elect Joe Biden is preparing to take over from President Donald Trump, but his transition team isn’t getting the level of cybersecurity support usually provided by outgoing administrations, according to The Wall Street Journal.

Joe Biden transition team forced to build own cybersecurity protections

President-elect Joe Biden is preparing to take over from President Donald Trump, but his transition team isn’t getting the level of cybersecurity support usually provided by outgoing administrations, according to The Wall Street Journal. That could mean Biden’s team is more vulnerable to cyberattacks than if it had the full support and resources of the federal government.

Court convicts ex-Access Bank staff for N9 million fraud

Justice T.B. Adegoke of the Federal High Court sitting in Asaba, Delta State has fixed November 30, 2020 for sentencing of Onus Osagie Amahian, a former staff of Access Bank who was prosecuted on a 25-count charge bordering on forgery and making false entry into Delta State Government payroll by the Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC.

CSO throws weight behind calls for amendment of Fiscal Responsibility Act

Following the ongoing fight against corruption by the Buhari-led administration, a Civil Society Organisation, CSO, Paradigm Leadership Support Initiative, PLSI, on Friday, threw weight behind calls for amendment of Fiscal Responsibility Act 2007, to make the desired impact to sanitise the system.
Ethiopia’s parliament has appointed a new head of Tigray region, Prime Minister Abiy Ahmed said as a prominent rights group reported a “massacre” of scores of civilians in the conflict.

Ethiopia’s Tigray forces fire rockets into city, no casualties

Forces from Ethiopia’s rebel Tigray region fired rockets on Friday into the city of Bahir Dar in the neighbouring Amhara region but caused no casualties or damage, the Amhara government said, as federal forces moved towards the Tigray capital.

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Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.

Sudan inflation soars, raising spectre of hyperinflation

Inflation in Sudan has risen to one of the highest levels in the world, and the country risks slipping into hyperinflation unless it gets its budget deficit and money supply under control, economists say.
Manchester City manager Pep Guardiola has slammed his club’s grueling schedule.

Pep Guardiola: There’s no joy in this season’s football

Guardiola watched Manchester City hit five past Burnley – and then claimed this season is leaving him joyless.
Dave Prowse, the British actor behind the menacing black mask of Star Wars villain Darth Vader, has died, his agent Thomas Bowington said Sunday.

Darth Vader actor Dave Prowse passes onat 85 – agent

Dave Prowse, the British actor behind the menacing black mask of Star Wars villain Darth Vader, has died, his agent Thomas Bowington said Sunday.

Expert warns against inserting objects in mouth during seizures

A Neurologist at the National Hospital, Abuja, Dr Yusuf Zubairu, on Sunday warned that inserting objects and forcing liquid into the mouth of an...
Pathfinder International has urged Federal Government to decentralise her policies on implementation of Family Planning (FP) measures, considering the country’s cultural and religious diversity.

Nigerian government urged to decentralise family planning policies

Pathfinder International has urged Federal Government to decentralise her policies on implementation of Family Planning (FP) measures, considering the country’s cultural and religious diversity.