Author: Prince Ade ADe

Former Vice President, Atiku Abubakar, on Wednesday insisted that he did not lose the just concluded presidential election. Speaking at a reception organized by the Peoples Democratic Party Governors Forum (PDP GF) for outgoing, re-elected, newly elected and former governors of the main opposition party on Thursday in Abuja, he said the PDP must stay together and focus on how to regain what he described as its stolen mandate. Addressing a packed hall of party stakeholders inside Transcorp Hilton, he also advised members to examine how the PDP receded from being the oldest and dominant political party in 1999 to…

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The Central Bank of Nigeria (CBN) says the Bank Verification Number (BVN) issued in Nigeria remains for life and has no expiry date, as reported by a national newspaper. Its Acting-Director, Corporate Communications, Alhaji Isa Abdulmumin, said this in a statement on Wednesday. According to Abdulmumin, the claim is completely false. He, therefore, bank customers to be guided. “The attention of the Central Bank of Nigeria has been drawn to reports suggesting that the Bank Verification Number issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a ten-year period. “Contrary to these claims, we…

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Oba Adewale Sunday Boboye, the Ajagun Ode of Ode community in Akure North local government area of Ondo state, has been sentenced to 10 years imprisonment by an Osi Magistrates’ Court for unlawfully demolishing of palm trees and food crops. The convict was earlier charged with six-count on Felony to wit malicious damage. The Magistrate, Mrs. Bukola Ojo sentenced the convict to 10 years after she found him guilty of the charges against him. The prosecutor, Sergeant Ajiboye Babatunde, while reading the facts of the case, said the convict, and others at large on September 20, at about 3:00pm at…

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A graduate student of the Federal Polytechnic, Offa, Oluwatosin Fadiran has won seven hundred thousand Naira at the accessepreneur contest. Fadiran, who graduated from the Mass Communication Department of the institution won the contest at National Youths Service Corps Orientation Camp (NYSC) in Kwara State. Oluwatosin who graduated with Distinction from the Polytechnic emerged as 1st runner-up in a tight competition with graduates from other institutions. ‘Accesspreneur’ is a Business Plan Competition sponsored by Access Bank, under SAED Program where youths corps members in orientation camps are allowed to present proposals for defense after which the winner and runner-ups will…

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Three people have lost their lives in a clash that occurred between two rival cult groups in Owo, headquarters of the Owo Local Council of Ondo State. The clash occurred at about 9 p.m., with its cause yet to be ascertained as of press time. According to sources, the clash created tension within some parts of the community, with residents hurriedly rushing indoors. The Commander of the Amotekun Corps in Ondo State, Akogun Adetunji Adeleye, who confirmed the clash, said his men had been able to restore calm after they moved to the scene of the crisis. “About the rival…

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Barely 18 days to the end of his tenure, the Governor of Taraba State, Darius Ishaku, has approved N2 billion for the purchase of luxury vehicles for himself, his deputy and their wives. A source, who asked not to be named for fear of being victimised, told PREMIUM TIMES the approval was made during the last State Executive Council (SEC) meeting chaired by Mr Ishaku. “Governor Darius Ishaku in our last SEC meeting asked the council to approve a memo he presented for the purchase of vehicles for himself, his deputy and their wives and it was speedily approved without…

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There is disquiet in the Rivers State chapter of the All Progressives Congress, APC, over the somewhat strange romance between the Governor of Rivers State Nyesom Wike and the party’s hierarchy, especially the President-elect, Bola Tinubu. The development is causing upset among the APC members ahead of the inauguration of Tinubu as President and his formation of cabinet within six months. Against his own political party, the Peoples Democratic Party, the Governor is believed to have worked for the national ruling party during the 2023 presidential election. And this has intensified the rumours that it is just a matter of…

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With rates rising globally and investors moving funds out of emerging economies, Nigeria, which plans to fund a large part of its 2023 budget through borrowings, may find it hard to get foreign loans. This was stated by the deputy divisional chief, International Monetary Fund (IMF), Wenjie Chen, during a keynote presentation at the IMF Regional Economic Outlook in Lagos. Nigeria is currently grappling with huge debt overhang of over N77 trillion and the need to increase revenue generation to meet expenditure requirements. Nigeria’s total public debt stock hit N46.25 trillion at the end of December 2022, data by the…

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Madam Alice Odumakin, the mother of the late National Publicity Secretary of the pan-Yoruba socio-political group, Afenifere, Mr Yinka Odumakin, has died at the age of 93. According to a short statement titled: ‘Odumakin: Heavens gain a third angel,’ a copy of which was made available to newsmen by Yinka’s wife, Dr Joe Okei-Odumakin, the matriarch died on Wednesday morning in Ikorodu, Lagos around 10.15am. It revealed that Yinka’s mother never recovered from the death of her son and husband till she gave up the ghost. Okei-Odumakin, however, said the family would soon make available further information on the passing…

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Governor Rotimi Akeredolu of Ondo State on Wednesday faulted the zoning arrangement for the 10th National Assembly proposed by his party, the ruling All Progressives Congress (APC), describing it as a “skewed arrangement that reinforces injustice”. The Senior Advocate of Nigeria, in a statement, rejected the zoning formula of this party, saying, “This is an unworkable arrangement that reinforces injustice and enhances inequity.” The ruling APC, as a single party, has the highest number of members in both green and red chambers. The APC National Working Committee (NWC) had on Monday zoned the leadership of the 10th National Assembly. The…

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