Category: Africa - Page 17 - African News Today

16Jun

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Why I Lost the Senate Presidency – Yari

In a surprising turn of events, former Zamfara State governor, Senator Abdulaziz Yari, has come forward to accuse fellow senators of betraying him in the race for the Senate Presidency seat. The All Progressives Congress (APC), Yari's political party, had initially chosen Godswill Akpabio from Akwa Ibom as their preferred candidate for the prestigious position. During the inauguration of the 10th National Assembly on Tuesday, Godswill Akpabio emerged victorious and was sworn in as the Senate President. Akpabio secured an impressive 63 votes, while Yari, unfortunately, fell short with only 46 votes. Expressing his disappointment, Yari revealed that he had high hopes of securing at least 61 out of the total 109 votes, which would have secured his victory as the Senate President. The f...

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

14Jun

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Law Enforcement, News, Nigeria

Abdulkarim Chukkol Becomes Acting Chairman of EFCC

In a recent development following the suspension of Mr. Abdulrasheed Bawa, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC) by the Federal Government on Tuesday, June 14, 2023, Mr. Abdulkarim Chukkol has been appointed as the Acting Chairman of the Commission. Prior to assuming this new role, Mr. Chukkol served as the Director of Operations at the EFCC. With an impressive background, he is a pioneer staff of the Commission and a distinguished member of the EFCC Cadet Course One. Known for his expertise in cybercrime and money laundering investigations, Mr. Chukkol brings a wealth of experience to his new position. Throughout his career at the EFCC, Mr. Chukkol has held significant command appointments within the organization. From 2011 to 2016, he served...

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

14Jun

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Breaking News, Corruption, Economy, Justice, Law Enforcement, News, Nigeria

Breaking News: EFCC Boss, Bawa, Suspended by Tinubu

President Bola Ahmed Tinubu has taken the decision to indefinitely suspend AbdulRasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), from his position. The suspension comes as a result of serious allegations of abuse of office that have been leveled against Bawa. The President has deemed it necessary to initiate a thorough investigation into the conduct of the Chairman during his tenure. In an official statement released on Wednesday by Willie Bassey, the Director of Information at the Office of the Secretary to the Government of the Federation, the decision to suspend Bawa was announced. The statement clarified that the suspension was implemented to allow for an unbiased investigation into the allegations brought against him. As part of the suspension ...

CBN Grants Banks Authority to Trade Foreign Exchange Freely

14Jun

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Economy, Finance, News, Nigeria, Trade

CBN Grants Banks Authority to Trade Foreign Exchange Freely

In a significant development, the Central Bank of Nigeria (CBN) has issued authorization to commercial banks, allowing them to engage in the unrestricted trading of foreign exchange at market-determined rates. This move effectively empowers banks to sell forex based on prevailing market rates, marking a departure from the previous tightly controlled exchange rate system. Notably, some banks have already set the USD to Naira rate within the range of N699 to N750, indicating that Nigeria is transitioning towards a freely floating exchange rate regime, aligning with President Bola Ahmed Tinubu's commitment to unifying the country's exchange rates. In response to this development, Dr. Andrew Nevin, the Advisory Partner & Chief Economist of PricewaterhouseCoopers (PwC), shared his in...

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

9Jun

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Breaking News, Corruption, Economy, Justice, News, Nigeria

Breaking: CBN Governor, Emefiele Suspended by President Tinubu

President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect. This decision was made in light of the ongoing investigation of his office and the planned reforms in the financial sector of the economy. The suspension of the Central Bank Governor has caused widespread concern and criticism. The President does not have the power to suspend the Central Bank Governor. The power to remove the CBN Governor is vested in the President and the Senate jointly, as stated in Section 11(2) of the Central Bank of Nigeria Act, 2007. Mr Emefiele has been directed to immediately hand over the affairs of his office to the Deputy Governor (Operations Directorate), Mr. Folashodun Adebisi Shonubi, who will act as the Central Bank Governor...

Inspector-General of Police Orders Effective Deployment to Prevent Hijacking of Strike and Protests

6Jun

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Nigeria

Inspector-General of Police Orders Effective Deployment to Prevent Hijacking of Strike and Protests

Police Unit Commanders Directed to Maintain Law and Order Amidst Fuel Subsidy Controversy In anticipation of the planned strike and protests, the Inspector-General of Police, Usman Baba, held a meeting with various police unit commanders in Abuja on Tuesday. During the meeting, he issued orders to ensure effective deployments across the country, aiming to prevent any breakdown of law and order and the potential hijacking of the demonstrations by hoodlums. Inspector-General Alkali-Baba emphasized the need for proactive measures to maintain peace and stability amidst prevailing and projected threats. He specifically highlighted the emerging threat of industrial strike action following the fuel subsidy removal, as well as the importance of maintaining order as the country prepares to...

Strike: Oil Marketers and Transporters Oppose NLC, Emphasize Need to End Fuel Subsidy

6Jun

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Nigeria

Strike: Oil Marketers and Transporters Oppose NLC, Emphasize Need to End Fuel Subsidy

Stakeholders Highlight the Economic Implications and Urge Dialogue for a Lasting Solution As the Nigerian Labour Congress (NLC) prepares for a nationwide strike, major players in the oil and transportation sectors, including the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), National Association of Road Transport Owners (NARTO), and Major Oil Marketers Association of Nigeria, have expressed their opposition to the strike. They stressed the urgent need to end the fuel subsidy regime and highlighted the enormous debt owed to the Nigerian National Petroleum Company Limited (NNPCL). Members of these associations argued that the over N13 trillion spent by the Federal Government on fuel subsidy could have been allocated to the development of other critical se...

Nationwide Strike: Some State Chapters Support NLC

6Jun

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Nigeria

Nationwide Strike: Some State Chapters Support NLC

Kwara State Reduces Work Hours Petrol Marketers and Transporters Disassociate Themselves from the Strike Action As the planned nationwide strike over the removal of fuel subsidy approaches, the Ogun and Sokoto chapters of the Nigeria Labour Congress (NLC) have pledged their support for the industrial action. In a similar vein, the Kwara State government has implemented temporary measures to alleviate the burden on workers. However, petrol marketers and transporters have distanced themselves from the impending strike. Hammed Ademola, the Chairman of the NLC in Ogun State, confirmed that workers in the state had been mobilized in preparation for the strike. Similarly, Abdullahi Jungle, the NLC Chairman in Sokoto State, affirmed that workers in the state would join the industrial ...

Nigeria Labour Congress Vows to Proceed with Nationwide Strike despite Court Order

6Jun

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Nigeria

Nigeria Labour Congress Vows to Proceed with Nationwide Strike despite Court Order

Aviation and Bank Workers' Unions Join the Strike, Threatening Airport Operations and Banking Activities The Nigeria Labour Congress (NLC) has expressed its determination to proceed with a nationwide strike scheduled for Wednesday, despite a court order obtained by the Federal Government to restrain the union and the Trade Union Congress (TUC) from carrying out the industrial action. The strike is in protest against the removal of fuel subsidy. NLC President Joe Ajaero, in an interview, stated that the union was not aware of the court order as it came late after business hours. Ajaero affirmed that the strike would continue as planned, and by the time the order is served, the NLC office would be empty as members would be mobilizing for the strike. The court order was issued by ...

El-Rufai Warned Against Inciting Religious Conflict with His Words

5Jun

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News, Nigeria, Religion

El-Rufai Warned Against Inciting Religious Conflict with His Words

Samuel Kwamkur, a prominent figure within the All Progressives Congress (APC) in Plateau state, issued a stern warning to Nasir El-Rufai, the former Governor of Kaduna State, cautioning him against making inflammatory remarks that could ignite conflict in Nigeria. Kwamkur, a former National Director of the Christian Association of Nigeria (CAN), expressed his concerns during a press conference held in Jos on Sunday. He was responding to alleged statements made by El-Rufai before his departure from office, wherein the former governor purportedly claimed that the Islamic dominance in Kaduna had been successfully extended to the entire country and would persist. According to Kwamkur, El-Rufai allegedly acknowledged deceiving Christians who questioned the Muslim/Muslim ticket during ele...