ACCESS Holdings has said it is yet to confirm if its Group Chief Executive Officer, Mr Herbert Wigwe, was involved in an airplane crash in the U.S. on Saturday. Access Holdings said this in a public announcement issued on Sunday in Lagos State. The public announcement was issued by the Head of Media Relations at Access Holdings, Mr Kunle Aderinokun. Aderinokun was reacting to reports on the death of Wigwe in the announcement. He assured Nigerians that the bank was working with the U.S. authorities to gather accurate information. Aderinokun acknowledged the lack of specific details but assured stakeholders that…
Author: Abimbola Daniels
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HERBERT Wigwe, the immediate past Managing Director of Access Bank and current Chief Executive Officer of Access Holdings, is dead. Wigwe was reportedly on board a chopper with his wife, son and three other passengers when the unfortunate incident happened at California. They were reportedly heading for Las Vegas to watch Super Bowl, the annual league championship game of the National Football League (NFL) of the United States. The New York Times has confirmed the incident but kept the identities of the passengers. However, sources in the banking industry confirmed to Daily Trust that the bank chief was on board…
A FORMER member of the House of Representatives who represented the Ika Federal Constituency of Delta State, Dr Cairo Ojougboh, is dead. The politician was said to have passed away on Wednesday evening while watching the AFCON semifinals match between Nigeria and South Africa. A source close to the politician said, “Cairo Ojougboh, a medical doctor died during the Nigeria vs.South Africa match. “The incident happened when the penalty was awarded against Nigeria. Dr Ojougboh was said to have shouted and slumped due to massive heart attack when SA scored.” As of the time of filing this report, his family…
THE Federal High Court in Lagos on Wednesday ordered the Federal Government to fix the prices of goods and petroleum products within seven days. Justice Ambrose Lewis-Allagoa specifically ordered the government to fix the price of milk, flour, salt, sugar, bicycles, and their spare parts, matches, motorcycles and their spare parts, motor vehicles and their spare parts as well as petroleum products, which includes diesel, Premium Motor Spirit and kerosene. The judge gave the order while delivering judgment in a suit No FHC/L/CS/869/2023, filed by human rights activist, Mr. Femi Falana, against the Price Control Board and the Attorney-General of…
THE Central Bank Governor, Olayemi Cardoso, has explained that the ongoing initiatives to relocate departments and personnel to other branches are responses to the current “overpopulation” at the headquarters. Cardoso stated these in an interview with Arise TV, which was monitored by News Point Nigeria on Monday. The governor, lamenting the sensational slant to the issue said the process was normal for any vibrant entity like a central bank. According to him, the move was to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent. There has been…
JUSTICE Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Friday, adjourned till March 25, 2024 further hearing in the trial of Mamman Nasir Ali, son of a former PDP National Chairman, Ahmadu Ali, and Christian Taylor, who are facing trial over an alleged N2.2 billion oil subsidy fraud. The Lagos Zonal Command of the Economical and Financial Crimes Commission (EFCC) had, on Friday, March 24, 2023, re-arraigned the two defendants alongside Nasaman Oil Services Limited on an amended 49-count charge bordering on conspiracy to obtain money by false pretence contrary to Section 8 and 1(3) of…
THE Independent National Electoral Commission (INEC) has declared the candidate of the All Progressives Congress as winner of the Surulere Federal Constituency 1 By-Election. Declaring the results, the Returning Officer for the bye-election, Prof Simeon Adebayo, revealed that the APC Candidate scored a total of 11, 203 votes. Laguda, a former chairman of the All Progressives Congress in the Surulere Local Government replaces Femi Gbajabiamila who was appointed Chief of Staff to President Bola Tinubu. Gbajabiamila was the Speaker of the House of Representatives between 2019 and 2023 and had won his re-election into the House for the sixth consecutive…
FIRST Bank of Nigeria Holdings Plc has appointed the 20th richest man in Africa, Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at the meeting of the Board of Directors of the company held on Wednesday. Otedola, also the Chairman of Geregu Power, succeeds the outgoing Chairman of the FBN Board, Ahmad Abdullahi. Otedola was appointed to the Board of FBN Holdings Plc on August 15, 2023 as a Non-Executive Director. Otedola was recently ranked by American business magazine, Forbes, as the 20th…
OYO State Governor, Seyi Makinde, on Monday, lamented that out of the three major candidates who contested the 2023 presidential election, only the Peoples Democratic Party candidate, Atiku Abubakar, has not called or sent a message to him to commiserate with the people of the state over the recent explosion in Ibadan, the state capital. Five people were confirmed dead while 77 sustained varying degrees of injuries and 58 houses were damaged during the explosion that rocked Adeji, Old Bodija in Ibadan. Makinde made his position known in Ibadan while receiving the presidential candidate of the Labour Party, Peter Obi,…
THE Ogun State police command has confirmed the release of the People’s Democratic Party (PDP) Chairman in Lagos State, Philip Aivoj, after spending four days with his kidnappers. According to a police spokesperson in the state command, Omolola Odutola, the PDP chieftain was freed in the early hours of Monday, although she could not give details surrounding his release. The Lagos PDP chairman was abducted, alongside some other party officials, by gunmen around Ogere on the Lagos-Ibadan Expressway on Thursday last week. They were returning from the party’s stakeholders’ zonal caucus meeting convened by the Oyo State Governor, Seyi Makinde,…
A 45-YEAR-OLD child trafficker, Alimot Haruna, has confessed selling off over 42 children into child labour in the last five years. The suspect was arrested on Wednesday by a team of policemen from Ijora Badia Police Station of the Lagos Police Command. It was learnt that the suspect whose operational base is in Ilorin, Kwara state capital, had been on the police wanted list over similar crime. The suspect in her confessional statement said she operates from her base in Molete village in Kwara. “I have sold over 42 children to different clients in the past. Most of my clients…
THE Nigeria Civil Aviation Authority (NCAA), has suspended the Permit for Non-Commercial Flight (PNCF) of Mattini Airline Services Limited, following the the runway excursion involving its Challenger CL 601 aircraft with 10 persons onboard in Ibadan on Friday. The NCAA in a statement signed by its Director of Public Affairs and Consumer Protection of NCAA, Mr Michael Achimugu, noted that the Nigerian Safety Investigation Bureau (NSIB) has launched an investigation into the occurrence in line with statutory provisions. The agency stated that the suspension will subsist until it is determined that the conditions of the PNCF have been adhered to.…
A PRIVATE jet having about 10 persons onboard including Very Important Personalities (VIPs) has overshot the Ibadan airport runway in the Oyo State capital. An impeccable source said the incident happened on Friday around 11 am at the Samuel Ladoke Akintola Airport. The jet with registration number, N580KR, missed the runway and skidded into the nearby bush. Firefighters and rescue officials from the Federal Airports Authority of Nigeria (FAAN) were immediately deployed to the scene. But there was no death or casualty recorded. “It was a private plane from Abuja. It landed safely but overshot the runway. There was no casualty,” a…
THE Lagos State governor, Babajide Sanwo-Olu, on Thursday disclosed a plan by the state to establish a commercial airline. The announcement was on Thursday made during the comprehensive presentation of the administration’s achievements in the West of Lagos at the Lagos West Senatorial District People’s Town Hall Meeting. The state government is also preparing to kickstart the construction of a new airport in Lekki. According to Sanwo-Olu, the idea to have a state-owned airport has been in deliberation for several months. He said the state is in the final stages of determining the financing model for the project. Asked why…
NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities & Exchange Commission (SEC). NOVAmbl Asset Management is a subsidiary of NOVA Merchant Bank. SEC had reported that a total of 21 dollar funds registered during the review period averaged an impressive 8.5% return, and all funds within this category achieved positive returns in 2023, with NOVAmbl Asset Management’s Dollar Fixed Income Fund emerging as the best-performing. Undoubtedly, NOVA Merchant Bank’s dedication to excellence and its unwavering…
GOVERNOR of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said the apex bank is implementing “inflation targeting policy” to reduce the inflationary pressures from the current 28.9% to 21.4 per cent in 2024. Cardoso said this would have a profound impact on businesses and reflate the economy in a way that more jobs would be created. He spoke while delivering his keynote address at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report presented in Lagos on Wednesday. Cardoso who joined the event virtually also highlighted various steps being taken to achieve economic stability…
HEIRS Energies, Africa’s foremost indigenous-owned integrated energy company, commemorated its three-year anniversary. In a short timescale, Heirs Energy has implemented a track record of significant production increases, pioneered a new model of community engagement and built at world class Nigerian management team, all contributing to a new beginning in ensuring Nigeria’s sustainable energy future. Heirs Energies launched in January 2021, following the completion of an 8-year, $1.2 billion transaction to acquire oil license OML17, from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and ENI, and solidifying the joint venture partnership with the NNPC. The Chairman…
THE National Agency for Food and Drug Administration and Control says it is investigating a viral social media post alleging a woman fried plantain chips using oil adulterated with polythene. In a statement on Saturday by NAFDAC’s Resident Media Consultant, Sayo Akintola, the agency said it was taking a science-based approach to verifying the claim before taking any action. The agency assured citizens of its commitment to safeguarding public health amid the disturbing allegation. According to the viral post, a woman allegedly melted about five pieces of “olonka rubber” (polythene) into oil before grating plantain to make chips. The statement…
THE Monetary Policy Committee of the Central Bank of Nigeria will hold its first policy meeting for the year on February 26th and 27th. This is according to a tentative MPC meeting calendar posted on the website of the apex bank. The meeting which will be the first under the leadership of Governor Yemi Cardoso is scheduled to be one of the six meetings scheduled for this year. According to the document, the bank will hold its second MPC meeting on the 25th and 26th of March, 2024. It also stated that other meetings will be held in May, July,…
THE management of Dangote Petroleum Refinery has commenced registration of distributors for the lifting and distribution of refined petroleum products across the country. So far, members of three prominent associations, that constitute 75 per cent of the total market in Nigeria have been registered. The associations are Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria, (IPMAN), and Major Oil Marketers Association of Nigeria, (MOMAN). The company is also considering other marketers that have signified interest in the lifting and distribution of its petroleum products in the country. Executive Secretary, Depot, and Petroleum Products…