Author: Mary Ugwuanyi - Page 27 - African News Today

Strategic Capital Investment Limited Buys Polaris Bank For N50 Billion

21Oct

By Mary UgwuanyiNo Comments

Finance, News, Nigeria

Strategic Capital Investment Limited Buys Polaris Bank For N50 Billion

The Central Bank of Nigeria, CBN, and the Asset Management Company of Nigeria, AMCON, have announced the sale of Polaris Bank to Strategic Capital Investment Limited, SCIL. SCIL acquired 100 percent of the equity in the bank. CBN The House of Representatives ratified the acquisition on Wednesday, stating that the purchase was in accordance with stipulated procedure and the needed presidential approval. Osita Nwanisobi, the Director of Corporate Communications Department at the CBN, in a statement issued on behalf of the apex bank and AMCON stated that “SCIL had paid an upfront consideration of N50 billion to acquire 100 percent of the equity of Polaris Bank and had also accepted the terms of the agreement which includes the full repayment of the sum of N1.305 trillion, ...

UEFA WCL: Oshoala Bags Player Of the Match In Barca’s Trashing Of Benfica

20Oct

By Mary UgwuanyiNo Comments

News, Nigeria, Sports

UEFA WCL: Oshoala Bags Player Of the Match In Barca’s Trashing Of Benfica

Nigerian international, Asisat Oshoala was named the Player of the Match in Barcelona’s 9-0 thrashing of Benfica in the UEFA women’s Champions League on Wednesday. This was contained in a tweet on the UEFA women’s Champions League Twitter handle. Oshoala bagged two goals and provided two assists as Barcelona kicked off their champions league campaign in Group D. The Super Falcons star assisted Barca’s first and second goals before getting on the scoresheet for her side’s third ad eight goals. See Also: The Nigerian had now netted three goals in all competitions for former European champions this season. She is the current African women’s Player of the Year and finished last season as the highest goal scorer with 20 goals in the Spanish league. Source: Compl...

Ekiti Speaker Dies Of Cardiac Arrest At 66

20Oct

By Mary UgwuanyiNo Comments

News, Nigeria

Ekiti Speaker Dies Of Cardiac Arrest At 66

Funminiyi Afuye, the speaker of the Ekiti State house of Assembly, has died. Funminiyi Afuye, the speaker of the Ekiti State house of Assembly, has died. Confirming his death, Yinka Oyebode, the Chief Press Secretary to the State Governor, said, “Afuye died Wednesday evening at the Ekiti State Teaching Hospital, Ado Ekiti, where he was receiving treatment after suffering a cardiac arrest.” Funminiyi-Afuye Oyebode stated this in a statement, titled, “Speaker, Ekiti State House of Assembly, Funminiyi Afuye, passes”. The Chief Press Secretary added, “The government of Ekiti State regrets to announce the death of the Speaker of the State House of Assembly, Funminiyi Afuye. “The late Afuye, 66, was a former Commissioner, Ekiti State Ministry of Information and a two-time memb...

Peter Obi Responds El-Rufai’s Accusation Of Using DSS To Detain Him

19Oct

By Mary UgwuanyiNo Comments

Nigeria

Peter Obi Responds El-Rufai’s Accusation Of Using DSS To Detain Him

Presidential candidate of the Labour Party, LP, Peter Obi, has debunked ordering the detainment of Nasir El-Rufai during the Anambra governorship election in 2013. El-Rufai had on Monday, during an interactive session with the Arewa joint committee, alleged that he was detained in his hotel room while on an inspection of the 2013 governorship election in Anambra State on the orders of Obi, then Anambra State governor. Reacting to the allegation, Obi while speaking at the event said he had no such power to order El-Rufai’s detention, noting that he was equally detained in his Local Government Area, LGA. He said, “When I came in now, somebody told me that my brother, the governor of Kaduna state, said that he came to my state and I detained him. Let me tell you, it is good when...

PDP Condemns Wike’s Endorsement Of Sanwo-Olu

19Oct

By Mary UgwuanyiNo Comments

Lagos News, News, Nigeria

PDP Condemns Wike’s Endorsement Of Sanwo-Olu

The Lagos State chapter of the Peoples Democratic Party, PDP, has frowned at the endorsement of Governor Babajide Sanwo-Olu of Lagos State by Rivers State Governor, Nyesom Wike. Wike had during the 22nd conference of Committee of Wives of Lagos State officials, on Tuesday in Lagos endorsed Sanwo-Olu for a second term in office. The Rivers State governor who spoke at the event said he chose to attend the occasion despite Sanwo-Olu being a member of the All Progressives Congress, APC. He said, “If Sanwo-Olu is not doing (well), even if he belongs to my party, I will not come here. If you belong to my party and you are not doing well in governance, you won’t see me. If you don’t belong to my party and you are doing well, you will see me. Good governance is what I stand fo...

How Peter Obi Arrested, Detained Me in Anambra In 2013 – El-Rufai

18Oct

By Mary UgwuanyiNo Comments

News, Nigeria

How Peter Obi Arrested, Detained Me in Anambra In 2013 – El-Rufai

Kaduna State governor, Nasir El-Rufai has recalled how the presidential candidate of the Labour Party, LP, Peter Obi, allegedly arrested him in Anambra State when Obi was governor in 2013. El-Rufai narrated this while interacting with the Arewa Joint Committee in Kaduna on Monday. The Kaduna State governor said Obi arrested and detained him for 48 hours. He added that Obi was then aiming for second tenure as governor on the platform of the All Progressives Grand Alliance, APGA. He said, “In 2013, I went to Anambra State as an official of the APC to witness the bye-election for governorship. Your next guest, Peter Obi, as governor, got me arrested and detained for 48 hours in my hotel room. “Now I’m the Governor of Kaduna State and he’s coming to Kaduna. In additi...

Nnamdi Kanu’s Counsels Serve DSS, Malami Appeal Court Ruling

18Oct

By Mary UgwuanyiNo Comments

Judiciary, Justice, News, Nigeria

Nnamdi Kanu’s Counsels Serve DSS, Malami Appeal Court Ruling

Nnamdi Kanu’s legal team has served copies of the judgment of the Court of Appeal that freed the leader of the Indigenous People of Biafra, IPOB, on the Department of State Services and the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN. Kanu’s counsels said that with the handover of the court order, the Federal Government is left with no choice but to free Kano from detention. This was disclosed by Kanu’s senior lawyer and lead counsel for IPOB, Ifeanyi Ejiofor, in a statement on the outcome of their visit to Kanu. Recall that the Court of Appeal in Abuja had on Thursday last week, discharged and acquitted Kanu on terrorism charges brought against him by the Federal Government. See Also: FG To Decide On Nnamdi Kanu Very Soon ...

Nine Ghanaians Jailed For Cannabis Smuggling Into Nigeria

17Oct

By Mary UgwuanyiNo Comments

Crime, Judiciary, Justice, Law Enforcement, News, Nigeria

Nine Ghanaians Jailed For Cannabis Smuggling Into Nigeria

Nine Ghanaians have been sentenced to eight years imprisonment each by the federal high court in Laos for attempting to smuggle cannabis into Nigeria. This was confirmed by the NDLEA spokesperson, Femi Babafemi, in a statement released on Sunday, noting that the convicts identified as Victor Wuddah, Freeman Gazul, Adotete Joseph, Sottie Moses, Sottie Stephen, Christian Tette, Kanu Okonipa, Daniel Koyepti, and Kanu Natte — were sentenced on Friday. Babafemi said the convicts had attempted to smuggle 10,843.95 kilogrammes of cannabis into Nigeria “through the sea”. He said, “They were initially arrested by men of the Civil Defence Corps and transferred to NDLEA for further investigation and prosecution. “At the conclusion of investigations, they were arraigned in charge numb...

17Oct

By Mary UgwuanyiNo Comments

Education, News, Nigeria

Real Reason We Called Off Strike – ASUU

The Academic Staff Union of Universities, ASUU, has revealed the rationale behind the suspension of its industrial action. Prof. Emmanuel Osodeke, the President of ASUU said the eight months strike was suspended due to a court order and plea from concerned Nigerians. The ASUU President disclosed this when he appeared on Channels TV on Sunday. He said, “As you have seen from our press release – although there were interventions by the Speaker (Gbajabiamila) and others – the major reason we are resuming is because we are obeying the industrial court’s judgement. The issues have not been fully resolved and no agreements signed. “We are resuming because we are a law-abiding organisation and we don’t want to break the law. “We are also hoping that the intervention of the...

Six Dead, Five Unaccounted For As Boat Capsizes In Niger

16Oct

By Mary UgwuanyiNo Comments

News, Nigeria, Transportation

Six Dead, Five Unaccounted For As Boat Capsizes In Niger

No fewer than six people have been reported dead after a boat capsized in the Gbara area of Mokwa Local Government Area, LGA, in Niger State. A statement issued by the Niger State Emergency Management Agency, NSEMA, on Saturday stated that five people are still missing. Th mishap occurred on Friday evening when the boat which was carrying 48 passengers was on its way back from Danchitagi village market in Lavun LGA to Gbara village. According to the NSEMA, the accident was caused by heavy downpour, accompanied by windstorm. The statement read, “NSEMA has received a report of boat mishap that occurred yesterday evening around 6:30pm at Gbara area of Mokwa LGA (River Kaduna). ee Also: Scores Die As Boat Capsizes In Anambra “The boat, which took off from Lanchikagi village...