Author: Lekan Adeyeye

FORMER President Olusegun Obasanjo says Nigerians are united whilst overseas but are “something else” when they return, tasking them to embrace unity and togetherness both at home and abroad. Obasanjo made this disclosure on behalf of a delegation of eminent traditional leaders and academics that included the Olowu of Owu Kingdom, Oba (Prof.) Saka Matemilola; at an Evening Reception, held at New Brunswick, New Jersey, United States, over the weekend. In a statement by his spokesman, Kehinde Akinyemi, Obasanjo told the gathering that Nigerians in the Diaspora are making the country proud in their different areas of endeavour and urged…

LAGOS State Governor, Bababjide Sanwo-Olu, has ordered the dissolution of the state executive cabinet and all other aides with effect from Friday, May 26, 2023. Sanwo-Olu, announced this on Wednesday, in a circular released by Head of Service, HoS, Hakeem Muri-Okunola. The circular number 046, was titled: “End of Political Office Holders-Cabinet/Non-Cabinet Ranks.” The governor also asked all political appointees in the state to declare their assets while handing over the affairs of their offices latest by Friday, May 26. He said the declaration of assets is in compliance with the provision of paragraph 11 (1b), part one of the…

THE paradox that is Nigeria’s oil sector may soon be history now that the less-than-a-decade-old billion-dollar initiative of the world’s wealthiest Black man is open for business. Thanks to Dangote Petroleum Refinery and Petrochemical, expectations are sky-high that the oil-rich nation is on the verge of ending its incessant bouts of petrol scarcity and price hikes, as well as a debilitating subsidy regime. Taking the stage at the inauguration of the staggering 2,635-hectare facility, President Muhammadu Buhari described the establishment of Dangote Petrochemical Refinery and Petrochemicals in Lagos State as a game-changer and milestone for Nigeria’s economy. According to Buhari,…

THE Central Bank of Nigeria (CBN) has said that the newly inaugurated Dangote Petroleum Refinery and Petrochemicals will help Nigeria generate more power for its electricity sector. Speaking today at the inauguration in Lagos State, Governor of the apex bank, Mr Godwin Emefiele, said the Dangote Refinery is expected to generate 12,000 megawatts of electricity. Mr. Emefiele, who recalled also that the project, at conception, was estimated to cost about US$9 billion, of which US$3 billion was projected as an equity investment by the Dangote Group and the balance financed through commercial loans, praised the role of Nigerian commercial banks…

THE Governor of Lagos State, Babajide Sanwo-Olu has lauded the Chief Executive Officer of Dangote Group, Aliko Dangote for the establishment of his refinery in Nigeria, particularly Lagos. He gave the commendation while speaking at the ongoing commissioning of the refinery. He added that Dangote, who came to Lagos from Kano had nothing 45 years ago but now, he has set up an empire in Nigeria to make Africa proud. He said, “The first story is about a young Nigerian 45 years ago and you see the coincidence in the story. 45 years ago, who came to Lagos, all the…

ALIKO Dangote says the first product of the Dangote Petroleum Refinery and Petrochemicals “will be in the market before the end of July, beginning of August this year”. The President of Dangote Industries Limited stated this while giving the welcome address at the inauguration of the 650,000 bpd refinery in Lagos State on Monday. “Beyond today’s ceremony, our first goal is to ramp up production of the various products to ensure that within this year, we’re able to fully satisfy our nation’s demand for higher quality products,” he said. According to him, the accomplishment is to enable Nigeria to eliminate…

A FAMILY of three has been feared dead following heavy rains in the Denro community of the Ifo Local Government Area of Ogun State. News Point Nigeria gathered that the rains were preceded by a windstorm, a situation that forced a concrete fence beside the house of the victims to collapse on the apartment the family occupied. Residents of the area said the head of the family, popularly called “Onimalu” — a butcher at the local abattoir in the area – was said to have made efforts to save his son and pregnant wife but they sadly all died. Others…

THE body of a yet-to-be-identified male has been found inside the premises of a popular secondary school in Ilọrin, the Kwara State capital. News Point Nigeria learnt that the discovery was made last week at Ilọrin Grammar School around Garin Alimi, leaving the school authorities puzzled over the circumstances surrounding the mysterious demise. It was gathered that some students who were cutting grass as part of the school’s labour activity first discovered “a decomposed leg” before raising the alarm. Explaining further, the principal of IGS (Senior), Ms Muslimat Abdullahi, told our correspondent in a telephone chat on Sunday night that…

POPULAR Agbeni market in Ibadan, Oyo State, has gone up in flames. This newspaper reliably gathered that the market gutted fire at about 04:30am, on Sunday. When contacted on phone, the state General Manager of Fire Services, Yemi Akinyemi, confirmed the incident to our correspondent. Akinyemi said, “The agency received the distress call at exactly 04:37hrs through Sunday Ogundele, Access Bank security that Agbeni market is on fire. “Our men are still battling with the job, we are grateful to Central Bank of Nigeria that allows us to use their water supply. Everything is under control. They are still going…

THE Supreme Court on Tuesday set aside the appeal by Adegboyega Oyetola of the All Progressives Congress (APC) challenging the election of Ademola Adeleke of the Peoples Democratic Party (PDP) as Osun State Governor. The apex court, in its judgment read by Justice Emmanuel Agim, also upheld the Appeal Court’s judgment which upheld the election of Adeleke as the state governor. The apex court held that the appellant failed to adduce enough evidence to prove his allegation of over voting in the July 16, 2022 governorship poll. The judgment is affirmed and adopted by the entire five members of the…

THE Federal High Court in Lagos on Monday granted leave to former Ekiti State governor Ayodele Fayose, who is facing money laundering charges, to travel for medical treatment. Justice C.J. Aneke granted the leave following an application to that effect by Fayose’s lawyer, Ola Olanipekun (SAN), who was represented at the Monday proceedings by Mr Ahmed T. The Economic and Financial Crimes Commission has been trying Fayose, alongside his company, Spotless Investment Limited, since 2018 shortly after he finished his second term in office as governor. The EFCC accused him of laundering N2.2bn, which he allegedly used to prosecute his…

THE Supreme Court has fixed May 9 for judgment in the appeal filed by former Osun Governor, Gboyega Oyetola against the election of Ademola Adeleke. In his appeal, Mister Oyetola is seeking the reversal of the March 25 judgment of the Court of Appeal in Abuja which affirmed Adeleke’s victory in the last governorship election in Osun State. The Appeal Court had, in its judgement, set aside an earlier judgment by the Osun Governorship Election Petition Tribunal, which held in favour of Oyetola and removed Ademola Adeleke. A five-member panel of the Supreme Court announced the date after taking arguments from…

THE federal lawmaker representing Akoko SouthEast/South-West Federal Constituency Area of Ondo State in the National Assembly, Hon. Ade Adeogun, has been suspended from the All Progressives Congress (APC). Adeogun was suspended alongside Hon Gbenga Omole, the lawmaker representing Akoko South West Consistency I, in the State House of Assembly, for alleged anti-party activities. This newspaper gathered that the two were suspended with twenty other members and leaders of the party in Akoko South Local Council Area of the state, in a letter signed by the chairman of the party in the LGA, Mr Sehinde Mise. Others suspended include Yaya Adelakun,…

THE National Association of Resident Doctors have given the Federal Government two weeks to implement agreements concerning their demands or face industrial disharmony. News Point Nigeria, the resident doctors made this known in a communique issued on Saturday at the end of their Extraordinary National Executive Council meeting held in Abeokuta, Ogun state. The meeting which held from Thursday, April 27 to Saturday was predicated upon burning issues affecting the welfare of the doctors and the alarming rate of flight of doctors and other healthcare workers on account of poor remuneration, grossly inadequate funding of the health sector, and the…

GOVERNOR Nyesom Wike of Rivers State is asking Nigerians to rally around President-elect Bola Tinubu, saying the time for politics is over.  News Point Nigeria reports that, Tinubu of the All Progressives Congress (APC) defeated the Peoples Democratic Party (PDP)’s Atiku Abubakar and Peter Obi of the Labour Party (LP) to clinch the seat in the hotly-contested February poll. Although Wike belongs to the PDP (did not support the party’s candidate but worked for Tinubu), the Rivers leader is asking Nigerians to back the incoming administration which is set to be sworn in on May 29th, 2023. “Elections have come…

THE Niger Delta Development Commission (NDDC) has donated relief materials to Aiyetoro, a coastal community in Ondo State recently ravaged by ocean surges. The relief materials were handed over by the Executive Director of Projects of the NDDC, Mr. Charles Ogunmola, who was accompanied by the NDDC Director of Ondo State Office, Mr. Olaniyi Salami, Director of Environmental Protection and Control, Engr. Obeka Onuoha, Director of Community and Rural Development, Mr. Gordon Okeya, at a ceremony at the Naval Base Igbokoda on Thursday. Ogunmola said he received videos of the ocean surge that displaced over 200 households and destroyed properties…

THE ruling All Progressives Congress has dissolved its Presidential Campaign Council, which was inaugurated in October to campaign for the victory of the president-elect, Asiwaju Bola Tinubu, and his running mate, Senator Kashim Shettima, in the build-up to the 2023 presidential election. The dissolution was contained in a statement that was jointly signed by the PCC Director General, Governor Simon Lalong and the Secretary of the council, James Faleke. Lalong also applauded the President Muhammadu Buhari for his unflinching support for APC presidential candidate throughout the electioneering campaign Recall that Buhari had presided over the unveiling of the presidential campaign…

ONE of the aviation unions on a two-day nationwide strike has described as “a fallacy”, a claim by the Minister of Aviation, Hadi Sirika that the aviation sector is an essential service and should not embark on strike. The General Secretary of the National Union of Air Transport Employees (NUATE), Ocheme Aba, stated this on Channels Television’s Sunrise Daily programme on Tuesday. The minister, had in January 2023, said with the new Act of the Federal Airports Authority of Nigeria (FAAN), industrial actions are illegal as aviation has been classified as an essential service. However, about three months after, aggrieved…

NOVA Merchant Bank Limited (“NOVA or “the Bank”), announced its Audited Full Year 2022 financial results, showing an outstanding 107.9% year-on-year growth in profit before tax and the group year-on-year profit before tax of 98.2%, as both funded and non-funded income grew significantly on the back of innovative offerings and exceptional customer service. Notably, the Group continues to gain market share, a reflection of its steady penetration across key growth sectors, as reflected in the 30% growth in customer deposits. Asset quality remains exceptional, with Non-Performing Loan ratio of 0.2%, underscoring the best-in-class governance and management discipline in creating quality…

THE access roads to the international and domestic wings of the Murtala Muhammed Airport in Lagos State were on Monday blocked by aviation workers protesting the Federal Government’s failure to address their concerns. News Point Nigeria reports that, the action of the aviation workers has caused serious gridlock around the Airport Road in Ikeja, with entrance to the Murtala Muhammed Airport Two terminal hugely affected. The gridlock left several travellers distraught amid desperate efforts to catch their flights. A coalition of aviation workers unions had announced a two-day strike what they described as the government’s failure to address their concerns.…