PRESIDENT Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as Executive Director, Corporate Finance & Risk Management and Executive Director of, Large Enterprises Directorate respectively to the Bank of Industry (BOI). In a statement on Tuesday, a spokesman for the bank, Theodora Amechi, said the appointments take immediate effect. Akinde is a finance professional with over 20 years of Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance). Before joining the Bank of Industry, he was an Associate…
Author: Abdullahi Maitama Sani
PRESIDENT Bola Tinubu will soon present the whistleblowing policy to the National Assembly for legislative action. This is according to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. He disclosed this on Wednesday in Abuja during a meeting tagged “Implementing the whistle-blowing policy in Nigeria issues, challenges and the way forward.” Edun explained that the Federal Government expects the support of Nigerians in making the policy work towards enhancing transparency and accountability. “The policy does provide mechanisms for protection and it is our duty to uphold these provisions and support those who come forward in the…
THE Nigeria Labour Congress (NLC) president, Joe Ajaero, will appear before the Nigeria Police Today for questioning. The development followed after the August 19 invitation over alleged criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime. The development followed a formal invitation from the police on 19 August 2024 over alleged criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime. Ajaero, accompanied by fellow labour leaders and NLC legal representatives, is expected at the IRT Complex, Old Abattoir by Guzape Junction, Abuja, by 10am. The invitation has raised concerns among both national and international civil rights groups, particularly regarding the…
FEMI Gbajabiamila, the Chief Of Staff to President Bola Tinubu, says there is no timeline yet for the implementation of the Steve Oronsaye’s Report. He stated this on Tuesday during an interview after an official visit to the headquarters of the Nigeria Extractive Industries Transparency Initiative (NEITI) in Abuja. Gbajabiamila, a former Speaker of the House of Representatives, debunked claims of the report being stalled. He said the Federal Government is working out all necessary modalities to ensure a smooth run of the policy when implemented. There were some motions without movement on the 12-year-old report during ex-President Muhammadu Buhari’s…
ONE week after returning from a trip to France, President Bola Ahmed Tinubu is preparing for a trip to the Peoples Republic of China. According to Ajuri Ngelale, Special Adviser to the President on Media and Publicity, the Chinese at the Presidential Villa on Tuesday. Addressing a press conference, Ngelale said the China engagement which is expected to take place in the first week of September is part of the efforts of the present administration to uplift the wellbeing of Nigerians. In China, Tinubu is expected to meet with President Xi Jinping of China where Some Memorandum of Understanding (MoU)…
PRESIDENT Bola Tinubu has appointed Adeola Oluwatosin Ajayi, as the new Director-General of the DSS.. Ajayi replaces former DG, Yusuf Magaji Bichi, who was appointed to the position by former President Muhammadu Buhari. The appointment of Ajayi was disclosed in a statement by the media aide to President Tinubu, Ajuri Ngelale, on Monday. The President also appointed Ambassador Mohammed Mohammed is the new Director-General of the NIA. Mohammed’s appointment follows former NIA DG, Ahmed Rufai Abubakar‘s voluntary resignation a few days ago. See full statement below: STATE HOUSE PRESS RELEASE PRESIDENT TINUBU APPOINTS NEW DIRECTORS-GENERAL OF NIA, DSS President Bola…
A FEDERAL High Court in Abuja has frozen the bank accounts of 32 individuals and companies’ linked to the 10-day #EndBadGovernance Protest organised across the country pending investigation and prosecution of the case. Justice Emeka Nwite, in a ruling on the ex-parte motion moved by counsel for the Inspector-General of Police, Ibrahim Mohammed, also ordered the banks to apprehend the account holders or any person transacting business on the said accounts. Mr Nwite, who granted the motion dated and filed on August 20, directed the banks to contact the Nigeria Police Force through the telephone numbers: 08035179870 and 07032449912 as…
PRESIDENT Bola Tinubu has vowed to invoke his constitutional powers to continue to equip, arm and empower the Nigerian military. He acknowledged “the importance of strategic leadership in addressing the complex security and development challenges” confronting Nigeria. According to a statement signed by the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha, on Friday, President Tinubu made the vow on Friday during the graduation ceremony of the Course 32 participants at the National Defence College Abuja. Represented by Vice President Kashim Shettima at the event, the President decried the state of…
VICE President Kashim Shettima has charged the Nigerian Armed Forces to remain vigilant and proactive in addressing regional security threats. He gave the charge at the Graduation Ceremony of Course 32 of the Nigerian Defence College Abuja. Shettima who represented President Tinubu said the current administration is determined to make Nigeria safe for investment and economic prosperity. He emphasised the need for strategic leadership to address the mirage of security challenges in the country. A total of 111 participants took part in the course, with 19 foreign participants. Addressing the participants, the VP urged them to continue to uphold the…
PRESIDENT Bola Tinubu has sworn in Justice Kudirat Kekere-Ekun as the 23rd Chief Justice of Nigeria, pending her confirmation by the Senate. Her swearing-in followed President Bola Tinubu’s return to Abuja on Friday after a trip to France on a brief work visit. The President, who arrived at the Nnamdi Azikiwe International Airport in the early hours of Friday, left for France on Monday. President Tinubu who had cut short his to France, is scheduled to swear in the new Chief Justice of Nigeria, Kudirat Kekere-Ekun this morning at the Council Chambers in the state House. Justice Kekere-Ekun will succeed…
CHINESE firm on a confiscation blitz of Nigerian assets has finalised repossession of a luxury jet owned by Nigeria in Canada, News Point Nigeria gathered. Zhongshang Fucheng Industrial Investment Ltd recently received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal, this newspaper heard from sources familiar with the situation, months after a Canadian court issued a judgement that empowered Zhongchang to seize the jet from Nigeria. “The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently…
THE Gombe State contingent for the 2024 National Youth Games, scheduled to take place in Asaba from September 9th to 19th, is gearing up to participate in the zonal elimination in Taraba from August 28th to September 1st, 2024. The Commissioner for Youth and Sports Development, Adamu Inuwa Ibrahim, reaffirmed the state’s commitment to participating in both the zonal elimination in Taraba and the main event in Asaba, Delta State. He expressed confidence in Gombe’s preparations, stating, “As usual, we are fully preparing, and God willing, we will attend the zonal elimination in Taraba and the National Youth Games in…
PRESIDENT Bola Ahmed Tinubu has approved the reappointment of Professor Abdurrahman Abba Sheshe as the Chief Medical Director of Aminu Kano Teaching Hospital, Kano, for a second term of four years. Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement said the new term takes effect from December 5, 2023. Ngelale said Professor Sheshe was first appointed as the Chief Medical Director of Aminu Kano Teaching Hospital on December 6, 2019. In the same vein, the President has also approved the reappointment of Professor Yusuf Jibrin Bara as Chief Medical Director of Abubakar Tafawa Balewa…
THE Federal Government says it has cut down expenditures for the upcoming COP29 climate conference in Baku, Azerbaijan, Briefing journalists in Abuja on Tuesday, the Special adviser to the President on Media and Publicity, Ajuri Ngelale, said that the measure would save the government about N10 billion from the 11-day event. “Many Nigerians would recall that as President Bola Ahmed Tinubu and the federal government of Nigeria’s delegation to COP28 in Dubai, UAE, last year, there were some elements of outcry concerning the size of the delegation,” Ngelale said. According to Ngelale, the cutting down of the official expenditure is…
THE Chinese Government on Monday distanced itself from the legal scuffle between the Ogun State Government and the Chinese company, Zhongshan Fucheng Industrial Investment Company Ltd., which involved the seizure and eventual release of some of Nigeria’s presidential aircraft, including a modified Airbus A330. This was as the Presidency confirmed the purchase and delivery of the Airbus A330 business jet, which President Bola Tinubu flew from Abuja to Paris, France, on Monday evening. The Head of Communication at the Chinese Embassy in Nigeria, Gu Jiang, told this newspaper that “Chinese companies are private enterprises and do not belong to the…
PRESIDENT Bola Tinubu has fired Jalal Arabi, as Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). Ajuri Ngelale, Presidential spokesman, disclosed this in a statement in which he announced Professor Abdullahi Saleh Usman as the new Chairman of the agency. “Professor Usman is a renowned scholar with qualifications from two Islamic centres of excellence — the University of Madinah and Peshawar University, Pakistan. “He is also well-grounded in Hajj operations, having served as the Chairman of Kano State Pilgrims Board, and successfully superintended the operations of the largest quota of state pilgrims in the country. “The appointment is…
PRESIDENT Tinubu departed Abuja Monday for Paris, using the new Airbus A330, which replaced the 19-year-old Boeing B737-700(BBJ) bought under the Presidency of President Olusegun Obasanjo. This was disclosed in statement made available to News Point Nigeria by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Monday. According to the statement, the new plane, bought far below the market price, saves Nigeria huge maintenance and fuel costs, running into millions of dollars yearly. “The recommendation to replace the B737-700(BBJ) followed an investigative hearing by Nigeria’s parliament that questioned the plane’s safety record and cost efficiency, especially…
PRESIDENT Bola Tinubu will travel to France on Monday (today), the presidency has said. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement on Sunday. He said Tinubu would return to the country after his stay in the European nation. “President Bola Tinubu will embark on a trip to France on Monday, August 19, departing from Abuja, the nation’s capital. The President will return to the country after his brief work stay in France,” the terse statement read. However, he did not state the reason for the visit. This is coming two…
NATIONAL Chairman of the All Progressives Congress (APC) Abdullahi Ganduje, has disowned campaign posters which have appeared on social media purporting that he wants to contest for the seat of the president come 2027 against President Bola Tinubu. The former Kano State governor described the posters as fake and malicious. Ganduje in a statement on Sunday by his Chief Press Secretary, Edwin Olofu, said mischief makers were behind the campaign posters. The posters presents Imo State Governor Hope Uzodinma will be Ganduje’s running mate. The statement reads: “This is to inform the general public that the poster currently circulating on…
THE National Drug Law Enforcement Agency (NDLEA) says its operatives have arrested a Vietnam-bound businessman, Paul Okwuy Mbadugha, at the Nnamdi Azikiwe International Airport, Abuja after he tested positive for ingestion of cocaine. This was contained in a statement signed by the Agency’s spokesperson, Femi Babafemi, on Sunday and made available to Channels Television. He said that the 54-year-old suspect was intercepted at the boarding gate of the Abuja airport on Monday, August 12, 2024, during the outward clearance of Qatar Airways flight QR 1432 to Hanoi, Vietnam via Doha. According to Babafemi, Mbadugha excreted a total of 88 wraps…