Nigeria Archives | Page 30 of 51

EFCC arrests 47 suspected internet fraudsters in Edo

Fola Badmus7 months ago7 months ago01 mins

Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Saturday, February 15, 2025 arrested 47suspected internet fraudsters at different locations in Ekpoma, Edo State. The suspects were arrested based on credible intelligence that linked them to fraudulent internet activities. Items recovered from them include 14 exotic cars, laptops and phones They have made useful statements and would be charged to court as soon as investigations are concluded.

President Tinubu congratulates El-Rufai on 65th birthday

Fola Badmus7 months ago7 months ago01 mins

President Bola Tinubu has congratulated Mallam Nasir Ahmad El-Rufai on his 65th birthday. Mallam El-Rufai is an administrator, scholar, and politician. He is a founding member of the All Progressives Congress (APC) and highly regarded for his resourcefulness and brilliance. He served as governor of Kaduna State for eight years, and prior to elective office, he had served as Director-General of the Bureau of Public Enterprises, and Minister of the Federal Capital Territory (FCT) from 2003 to 2007. President Tinubu celebrated Mallam El-Rufai on this occasion and commends his endeavours for democracy; his meritorious service to the nation, and mentorship of the younger generation. The President acknowledged Mallam El-Rufai’s role in the dialogues leading up to the formation of the APC and his contributions to the success of the party in the three consecutive elections of 2015, 2019, and 2023. President Tinubu wished El-Rufai good health and strength for continuous service to the nation.

SERAP gives CBN 48 hours to withdraw hike in ATM transaction fees

Fola Badmus7 months ago7 months ago011 mins

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his ‘leadership position to immediately withdraw the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller Machine (ATM) transaction fees’. SERAP urged him to ensure that the exercise of CBN statutory powers and functions does not inflict misery on poor Nigerians and contribute to human rights abuses. The CBN recently announced that ATM withdrawals made at a machine owned by a bank but outside its branch premises will now attract a charge of N100 per N20,000 withdrawn. ATM withdrawals at shopping centres, airports or standalone cash points, will incur a N100 fee plus a surcharge of up to N500 per N20,000 withdrawal. Banks ‘are advised to apply the increased ATM fees with effect from March 1, 2025.’ In the open letter dated 15 February 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “the manifestly unlawful, unfair, unreasonable, and unjust increase in ATM transaction fees will hit hardest those at the bottom of the economy and exacerbate the growing poverty in the country.” SERAP said, “The increase in ATM transaction fees ought to have been shouldered by wealthy banks and their shareholders, not the general public. The increase only benefits the CBN and commercial banks at the expense of poor Nigerians.” According to SERAP, “CBN policies should not be skewed against poor Nigerians and heavily in favour of banks that continue to declare trillions of naira in profits mostly at the expense of their customers. The increase in ATM transaction fees would inflict misery on poor Nigerians and contribute to human rights abuses.” The letter, read in part: “The increase in ATM transaction fees is also entirely inconsistent with the oft-expressed commitment by the government of President Bola Tinubu to address the growing poverty across the country.” “We would be grateful if the recommended measures are taken within 48 hours of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the CBN to comply with our request in the public interest. “The exorbitant and unlawful increase in ATM transaction fees at a time the country is facing economic and financial crises would contribute further to the impoverishment of the population. “Imposing exorbitant ATM transaction fees on socially and economically vulnerable Nigerians at a time several Nigerian banks are declaring trillions of naira in profits yearly is manifestly unfair, unreasonable and unjust. “The increase cannot be justified under the Nigerian Constitution 1999 [as amended], the CBN Act, Federal Competition and Consumer Protection Act, and the country’s international human rights obligations. “The patently unlawful, unfair, unreasonable and unjust increase in ATM transaction fees also inherently contributes to violations of the human rights of socially and economically Nigerians. “The increase creates a two-tiered financial system that discriminates against poor Nigerians who may not be able to afford or pay the increased fees. “While the government of President Tinubu has primary responsibility for protecting the rights of Nigerians, the CBN also has the responsibilities to ensure that its practices and guidelines do not cause or contribute to human rights abuses. “The CBN could play an important role in promoting economic opportunities for Nigerians where the majority of the people live in poverty. “The CBN is failing to comply with the Nigerian Constitution, the Federal Competition and Consumer Protection Act and the country’s international human rights obligations in the exercise of its statutory powers and functions. “The CBN is also compromising its stated mission to advance the management of the country’s economy, and ultimately, sustainable development. “According to our information, the CBN through a Circular to all banks and other financial institutions dated February 10 2025 stated that it has reviewed and increased the ATM transaction fees prescribed in section 10(7) of the CBN Guide to Charges by Bank, Other Financial and Non-Bank Financial Institutions 2020. “Section 42(1)(a) of the CBN Act 2007 provides that ‘The Bank shall wherever necessary seek the co-operation of and co-operate with other banks in Nigeria to – (a) promote and maintain adequate and reasonable financial service for the public.’ It also provides that any policy of the CBN ‘shall be in the national interest.’ “Section 1(c)(d) of the Federal Competition and Consumer Protection Act, 2018 provides that the objectives of the Act are to ‘protect and promote the interests and welfare of consumers’ and ‘prohibit restrictive or unfair business practices’ such as the exorbitant and unreasonable increase in ATM transaction fees by the CBN. “Significantly, the provisions of the Federal Competition and Consumer Protection Act are directly binding on the CBN, as the provisions constrain the exercise of the statutory powers and functions of the institution. “Specifically, section 2(1) the Act provides that its provisions ‘apply to all undertakings [such as the CBN] and scope of application to all commercial activities within, or having effect within, Nigeria. “Section 2(2) provides that, ‘This Act also applies to and is binding upon- (a) a body corporate or agency of the Government of the Federation; (b) a body corporate; (c) all commercial activities aimed at making profit and geared towards the satisfaction of demand from the public.’ “According to section 70(1) of the Act, ‘For the purpose of this Act, an undertaking [such as the CBN] is considered to be in a dominant position if it is able to act without taking account of the reaction of its customers or consumers.’ “The Act prohibits abuse of dominant position by the CBN including charging excessive ATM transaction fees to the detriment of consumers. “Section 104 of the of the Act asserts the supremacy of the Act over ‘the provisions of any other law’, such as the CBN Act. The only exception to the provision is the Nigerian Constitution 1999 [as amended]. “Section 127(1) of the Act also prohibits the CBN from making any policy or providing “any services at…

CAF to conduct live draws for four competitions in Cairo

Fola Badmus7 months ago7 months ago02 mins

The Confédération Africaine de Football (CAF) will today (Thursday), 13 February, 2025 conduct Live Draws for four of its upcoming competitions that will take place this year. The Live Draws will be held at the CAF Headquarters in Cairo, Egypt and will be streamed on CAF’s Official YouTube channel, CAF TV from 13h00 Cairo Time (11h00 GMT). The Final Draw for the nine teams taking part in the inaugural CAF Women’s Futsal Africa Cup of Nations, Morocco 2025 will be conducted first at 13h00. The draw for the CAF African Nations Championship, Kenya, Tanzania, Uganda 2024 Second Stage Qualifiers will follow at 13h25 Cairo time (11h25 GMT). The Final Draw for the expanded 16-team CAF Under-17 Africa Cup of Nations, Morocco 2025 will take place at 13h45 Cairo Time (11h45 GMT). That will be followed by the Final Draw for the 13-team TotalEnergies CAF Under-20 Africa Cup of Nations, Cote d’Ivoire 2025 at 14h25 Cairo Time (12h25 GMT). LIVE DRAW SCHEDULE: 13h00 Cairo Time (11h00 GMT) | CAF Women’s Futsal AFCON, Morocco 2025 13h25 Cairo Time (11h25 GMT) CAF CHAN 2024 2nd Stage Qualifiers 13h45 Cairo Time (11h45 GMT) CAF U-17 AFCON, Morocco 2025 14h25 Cairo Time (12h25 GMT) | TotalEnergies CAF U-20 AFCON, Cote d’Ivoire 2025

PDP Leadership Crisis Deepens as 11 NWC Members Reject Reinstatement of Senator Anyanwu

PDP dismisses BoT Chairman, Senator Wabara suspension

Fola Badmus7 months ago7 months ago04 mins

The National Working Committee (NWC0 of the Peoples Democratic Party (PDP) has dismissed the purported suspension of the Chairman of the Board of Trustees of the Party, Senator Adolphus Wabara. The Party stated this in a statement signed the Party’s National Publicity Secretary Hon. Debo Ologunagba and made available on Tuesday The statement reads; “The attention of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) has been drawn to the purported suspension of the Chairman of the Board of Trustees of our great Party, Distinguished Senator Adolphus Wabara from the Party. “The NWC categorically dismisses the purported suspension as null and void and of no effect whatsoever not being consistent with the provisions of the Constitution of the PDP (as amended in 2017) and laid down Rules of our great Party. “For emphasis no State Working Committee has the power to suspend or take any disciplinary action against a member of the National Executive Committee (NEC) of the Party without due recourse to the NWC as clearly provided under Section 57 (7) of the Constitution of the PDP (as amended in 2017). “Section 57 (7) is unambiguous in providing that; “Notwithstanding any other provision relating to discipline, no Executive Committee at any level, except the National Executive Committee, shall entertain any question of discipline as may relate or concern a member of the National Executive Committee, Deputy Governors or members of the National Assembly…” “The explicit import of Section 57 (7) is that the Abia State Chapter has no powers whatsoever to take any disciplinary action against the Chairman of the Board of Trustees, Senator Adolphus Wabara, being a member of the National Executive Committee of the Party. “The PDP therefore condemns the purported suspension of Senator Wabara as reckless, unconstitutional and cautions those behind this act in defiance of the PDP Constitution to retrace their steps as the NWC will not hesitate to take appropriate disciplinary actions to preserve the stability of our Party and the sanctity of its Constitution. “The NWC calls on all leaders, critical stakeholders, members and supporters of our Party in Abia State, the South East Zone and indeed across the country to disregard the purported suspension.”

Tinubu Reaffirms Commitment to Revitalizing Road Infrastructure Tinubu Reaffirms Commitment to Revitalizing Road Infrastructure

2027: South West, Tinubu’s supporters playing with fire – Part 2

Fola Badmus7 months ago7 months ago03 mins

By Mallam Nasir El-Rufai Driven by ego and the arrogance of power, these South South and PDP elements increasingly and I dare add naively went against the North, where the PDP still had considerable influence and support then, in the most condescending manner and in so doing gradually lost the support of the North to the advantage of Buhari and the APC coalition. The rest, as they say, is history. Today, as I Iook at the rambunctiousness of some APC members and fellow supporters of President Bola Tinubu, especially from the south west geopolitical zone, I wonder if people have any sense of history and if they truly understand Nigerian politics. I read some people say that President Tinubu is not former President Jonathan, Jagaban is a political juggernaut and master strategist, etc. All that I totally agree with. No question whatsoever. However, politics is not a one champion show. While fPGEJ lacked equivalent political gravitas and sophistication (with all due respect to him) as PBAT, he had the then formidable PDP behemoth which could have actually seen him through but for the grievous ‘political mistake’ of messing with the North. Love or loathe that fact, the North remains the kingmaker in Nigerian politics, at least, as of today. Any politician or political party that plays with that reality might pay a steep political price for it. People who ignore history are bound to fall victim and to repeat mistakes of the past. I just want to prod our political senses, in case some of us are forgetting, in the euphoria of tribal and geopolitical politics. I hope better sense will prevail and soon too. It is whom you love that you chastise. In all, I continue to wish PBAT and my party, the APC well. With almost exactly two years to the month to the 2027 general elections, let’s focus and continue to deliver the promised dividends of democracy to Nigerians. GodBlessNigeria

President Tinubu departs for France

Fola Badmus8 months ago8 months ago01 mins

President Bola Ahmed Tinubu will depart Abuja on Wednesday for Paris, France, on a private visit en route to Addis Ababa, the Ethiopian capital. In Addis Ababa, President Tinubu, according to Bayo Onanuga, will join African leaders at the 46th Ordinary Session of the Executive Council and the 38th Ordinary Session of the Assembly of the AU Heads of State, scheduled from February 12th to 16th, 2025. The president will arrive in Addis Ababa early next week for the African Union summit. While in France, President Tinubu will meet with his French counterpart, President Emmanuel Macron.

Probe missing N26bn in Ministry of Petroleum Resources, PTDF, SERAP tells Tinubu

Fola Badmus8 months ago8 months ago012 mins

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly probe allegations that over N26 billion of public funds are missing, diverted or stolen from the Petroleum Technology Development Fund (PTDF) and the Federal Ministry of Petroleum Resources in 2021.” These damning revelations are documented in the 2021 audited report published on Wednesday 13 November 2024 by the Office of the Auditor-General of the Federation. SERAP said, “Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing public funds should be fully recovered and remitted to the treasury.” SERAP urged him to “use any recovered stolen funds to fund the deficit in the 2025 budget and to ease Nigeria’s crippling debt crisis.” In the letter dated 1 February 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these grave allegations. Tackling corruption in the oil sector would go a long way in addressing the budget deficit and debt problems.” According to SERAP, “The allegations suggest a grave violation of the public trust, the Nigerian Constitution 1999 (as amended), the country’s anticorruption legislation and international anticorruption obligations.” The letter, read in part: “Poor Nigerians have continued to pay the price for the widespread and grand corruption in the oil sector.” “Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators.” “According to the 2021 annual audited report by the Auditor-General of the Federation, the Petroleum Technology Development Fund (PTDF) in 2021 reportedly paid over N25 billion [N25,607,890,403.11] for ‘contracts without any supporting documents.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to account for over N326 million [N326,065,638.00] deposited in two banks. The Auditor-General fears the money may be missing and wants it recovered and remitted to the treasury.” “The PTDF reportedly failed to account for over N107 million [N107,691,733.93] being money for ‘the supply, installation, and commissioning of Library automation system and RFID at the Petroleum Training Institute (PTI).’” “The contract for the library ‘was awarded without the prior approval from the National Information Technology Development Agency (NITDA). The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” READ ALSO CTC of Judgment ordering Buhari’s minister to account for N729bn payment to poor Nigerians“The PTDF reportedly paid over N46 million [N46,974,216.43] to ‘three companies for services without evidence of execution.’ ‘One of the contractors was engaged on 13th April 2021 but was paid for services rendered in March 2021. All the three contractors were paid for periods they had not rendered the services to the PTDF.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to remit over N60 million [N60,355,670.03] of ‘stamp duty from the capital expenditure contracts awarded in 2019 and 2020.’ The PTDF ‘provided no reason why the money was not remitted.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to account for over N64 million [N64,088,158.44] ‘being payment for store items not supplied.” The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly paid over N41 million [N41,367,493.50] ‘for services not yet performed or goods not yet supplied.’ The payments were made ‘without relevant supporting documents such as invoices, receipts.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Federal Ministry of Petroleum Resources reportedly spent over N137 million [N137,751,789.85] ‘from the Capital Vote for expenditures which were recurrent in nature without any approval by the National Assembly and the Minister of Finance.’” “The Auditor-General fears the money may be missing. He wants the money recovered and remitted to the treasury. He also wants sanctions applied ‘for gross misconduct specified in paragraph 3129 of the Financial Regulations 2009.’” “The Ministry reportedly failed to account for over N232 million [N232,509,238.21] ‘being payments to seven companies for consultancy services for stakeholders’ engagement in the Niger Delta in January 2021.’” “According to the Auditor-General, ‘the type of engagements and the reasons for contracting the seven companies were not stated. The venue of the engagement remains unknown. This spending of public funds appeared fictitious.’” “The Auditor-General fears “the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Ministry also reportedly failed to remit over N25 million [N25,516,938.00] of ‘taxes collected from payments of N137,929,394.58] made to contractors.’ The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” READ ALSO Xenophobia: African commission to ‘take appropriate action’ on SERAP’s request to sue South Africa for $10bn“The Ministry also reportedly failed to account for over N43 million [N43,533,036.65] ‘being irregular payments for the replacement of broken ceiling.’ The Auditor-General fears “the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Ministry failed to account for over N74 million [N74,721,625.03] ‘being payments made as cash advances granted to officers between March and December 2021 without retirement.’ The Auditor-General fears ‘the money may have been diverted’, and wants it recovered and remitted to the treasury.” “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public…