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The International Monetary Fund is looking to triple its concessional financing for the poorest countries to over $18 billion to help them respond to the novel coronavirus pandemic, Managing Director Kristalina Georgieva said on Wednesday.

IMF: Corruption corrodes trust in government

Ms. Kristalina Georgieva, the Managing Director, International Monetary Fund (IMF), says corruption corrodes trust in government and weakens the impact of policies and public spending.
Nigerian National Petroleum Corporation (NNPC)

Military swoops on vandals in Arepo, arrests 10

Military personnel attached to the Defence Headquarters operation, Operation Awatse, late on Monday swooped on vandals in the Arepo area of Lagos, arresting ten persons who had brought trucks and container laden trucks to scoop fuel from a broken Nigerian National Petroleum Corporation (NNPC) pipeline.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC arraigns former BAGIS director general in court

The Economic Financial Crimes Commission (EFCC) has arraigned the former Bauchi State Director General of Bauchi Geographic and Information System (BAGIES), Honourable Baba Abubakar Suleiman in Court over allegations of fraud and obtaining money under false pretense.
KIDNAPPING

Gunmen kidnap couple, demand N15 million ransom in Edo

A teacher identified as Mr Paul Aluola and his wife have been reportedly kidnapped by gunmen suspected to be kidnappers in Ewatto, Esan South East local government area of Edo state.

House of Reps summons British envoy over MP’s comment against General Gowon

The House of Representatives has summoned the British High Commissioner to Nigeria, Catriona Laing, over the recent comments made by a member of the British parliament, Tom Tugendhat, against a former Head of State, Yakubu Gowon.
Cardi-B says she is sorry after hosting a large thanksgiving gathering at her home despite warnings following the deadly coronavirus pandemic.

Cardi B apologizes following backlash over her 37-person thanksgiving celebration

Cardi-B says she is sorry after hosting a large thanksgiving gathering at her home despite warnings following the deadly coronavirus pandemic.
The Nigerian Correctional Service has suspended from Service, Deputy Controller of Corrections, Abubakar Mohammed Sani, who was arraigned by the Economic and Financial Crimes Commission, (EFCC) over alleged recruitment scam.

Nigerian Corrections suspends deputy controller over ‘recruitment scam’

The Nigerian Correctional Service has suspended from Service, Deputy Controller of Corrections, Abubakar Mohammed Sani, who was arraigned by the Economic and Financial Crimes Commission, (EFCC) over alleged recruitment scam.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has been granted an order to forfeit 60 buildings linked to a deputy commandant of Nigeria Security and Civil Defence Corps (NSCDC).

ICPC secures forfeiture of hidden $919,000 to government

Justice Mohammed Sani of the Federal High Court has ordered the forfeiture of the sum of $919,000 said to have been hidden away in an interest-yielding account by some officials, to the government.
An Ekiti State High Court sitting in Ado Ekiti has sentenced two septuagenarians and four others to death by hanging for the murder of one Sola Adeniyi.

Abductors of two reverend sisters, driver to die by hanging

Abductors of two Reverend sisters and their driver along the Benin/ Ore/ Lagos highway, in Ondo state four years ago have been sentenced to death by hanging.

Cleric loses 15-year old marriage over infidelity

An Igando Customary Court in Lagos State on Monday dissolved 15-year-old marriage of a cleric, Yusuf Adeniyi, over infidelity.
5. President Muhammadu Buhari Thursday night received Ebonyi State Governor, David Umahi, shortly after he defected from the Peoples Democratic Party (PDP) to the ruling All Progresives Congress (APC).

Governor Umahi: Senator Anyim, others approved defection to APC

Governor David Umahi of Ebonyi State, Sunday night revealed that the plan behind his defection was for the former Senate President, Senator Anyim Pius Anyim, and other leaders of the Peoples Democratic Party, PDP, to join him in APC two weeks after he must have successfully defected.
Governor David Nweze Umahi

Governor Umahi: Ex-SGF Anyim, Ebonyi senators, reps privy to my APC switch

Ebonyi Governor David Umahi said Senator Pius Anyim and National Assembly members from the state, were privy to his decision to join the All Progressives Congress.
Bitcoin can baffle even bigger-fish investors [Dado Ruvic-Reuters]

Low money market yield, inflation may push more investors to bitcoins

The roller coaster which the Nigerian equities market has enjoyed in the last two months may be short-lived as there are indications that investors are planning to take advantage of the low yield being recorded in the money market by diverting into Bitcoin trading.
Protestors march in support of public health services amid the coronavirus disease (COVID-19) pandemic in Madrid, Spain, November 29, 2020. REUTERS-Javier Barbancho

Spain’s health workers protest against health service cuts

Dancing and banging drums in the street, doctors and nurses protested in Madrid on Sunday against cuts which they say have left them struggling to cope with the COVID-19 pandemic.

Court restores Abigborodo, Hely Creek fields to Transnational Energy

A Federal High Court in Abuja has set aside the purported reversal of the consent given by the Federal Government for the farm-out agreement between Chevron and Transnational Energy Limited (TEL) on the Abigborodo and Hely Creeks marginal fields in the Oil Mining Lease (OML) 49.
Niger Delta Development Commission (NDDC)

House of Reps panel seeks prosecution of NDDC IMC, contractors over N81.5 billion infractions

The House of Representatives Committee on the Niger Delta Development Commission (NDDC), is seeking to have the Interim Management Committee (IMC), of the Commission and a number of contractors investigated and prosecuted by anti graft agencies should they fail to account for N81.5bn suspicious spending from January to May, 2020.
Prosecutors failed to attend Tuesday’s hearing at the federal high court in Lagos, having previously failed to present some of their witnesses in a case that had been adjourned on several occasions.

Man sentenced to life imprisonment for raping own daughter

An Ondo State High Court sitting in Akure, the State capital, has sentenced a man, Olusola Alo, to life imprisonment for raping his own daughter.
(FILES) This file photo taken on November 20, 2017 shows logos of US online news and social networking service Twitter displayed on computers’ screens. – Twitter said July 28, 2020 it had withdrawn a video retweeted by President Donald Trump in which doctors made allegedly false claims about the coronavirus pandemic, after Facebook took similar action. “Tweets with the video are in violation of our COVID-19 misinformation policy. We are taking action in line with our policy,” a Twitter spokesperson said, declining to give details on how many people had watched the video.The video was also removed by Facebook on Monday evening, said a company spokesperson, explaining that the footage shared “false information about cures and treatments for COVID-19.” (Photo by LOIC VENANCE / AFP)

#EndSARS: SERAP seeks probe of ‘false posting’ on ministry’s Twitter

Socio-Economic Rights and Accountability Project, SERAP, has asked the Minister of Information and Culture, Mr Lai Mohammed, to probe false posting on the ministry’s official Twitter handle of court proceedings in a lawsuit against him and the National Broadcasting Commission, NBC.

Recent Stories

FCTA spent N29 billion on coronavirus during lockdown – minister

The Senate has been told that the Federal Capital Territory Administration, FCTA spent a total sum of N28.5billion on some activities within the Federal Capital Territory, FCT during the outbreak of the Coronavirus COVID-19 pandemic, especially during the lockdown.
The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

Only good governance will silence social media criticism – NCC chair

The Chairman of the Nigerian Communications Commission (NCC), Professor Adeolu Akande, has said only good governance will silence social media from its criticism of government.

INEC expresses readiness for saturday bye-elections in 11 states

The Independent National Electoral Commission, INEC, has expressed readiness for the conduct of bye-elections across 11 States this Saturday.

APC sets agenda for reappointed INEC chairman, tasks him on fairness

Following the Senate’s clearance of reappointed Chairman of the Independent National Electoral Commission INEC, Prof. Mahmood Yakubu, the ruling All Progressives Congress APC has set an agenda for the chief electoral umpire, urging him to be unbiased and apolitical.

Experts identify free zones as key route for economic recovery

As policymakers and investors explore all options available to revive the post-COVID-19 economy, a group of experts have recommended an increased focus on the industrialisation and vibrant trade flows found in Nigeria’s free trade zones.