THE United Bank for Africa Plc has appointed Ghanaian national, Mrs. Abiola Bawuah, as its Africa new Chief Executive Officer. According to a statement, Bawuah will oversee the bank’s operations across Africa, excluding Nigeria. She is the first female CEO of the UBA Africa and her appointment demonstrates the bank’s commitment to diversity. Bawuah’s appointment brings the number of female directors across the UBA Group to eight, a report by Nairametrics says. Before her appointment as the bank’s Africa CEO, Bawuah was UBA’s Regional CEO for West Africa, managing operations in nine subsidiaries including Benin, Burkina Faso, Cote d’Ivoire, Ghana,…
Author: Lekan Adeyeye
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A 20ft laden container has fallen on a commercial bus in the Ojuelegba area of Lagos State, crushing nine passengers to death. News Point Nigeria investigations reveal that the commercial bus was picking up passengers at the bus stop along the Ojuelegba Bridge when the truck lost control and fell over the side of the bridge. Early responders at the scene of the incident were the officials of the Lagos State Emergency Management Agency (LASEMA) who suspended the container and cut off the top of the bus to rescue a woman and take her to the trauma centre. LASEMA Permanent…
NO fewer than 11 people have lost their lives in a road accident that occurred in Ore town along the Benin-Shagamu Expressway in Odigbo Local Government Area of Ondo State, on Sunday morning. It was gathered that the accident involved a Marcopolo bus and a truck. The victims were said to have burnt beyond recognition as the vehicles involved caught fire. The Ondo Sector Commander of the Federal Road Safety Corps, Mr Ezekiel Son’Allah, confirmed the incident. He said the accident occurred as a result of excessive speeding on the part the drivers of the vehicles involved.
OPERATIVES of the National Drug Law Enforcement Agency (NDLEA), have successfully dismantled a trans-border drug cartel and arrested five leaders of the syndicates operating in parts of the world in a special operation that lasted weeks during which different quantities of skunk, methamphetamine and ephedrine as well as air compressors used to conceal and distribute them globally were recovered. The special operation came on the heels of a warning by the Chairman/Chief Executive of the Agency, Brig. Gen. Mohamed Buba Marwa (Retd) that drug barons and cartels will have it rough in 2023 if they fail to back out of…
THE Central Bank of Nigeria (CBN) has extended the deadline for the use of the old notes till February 10. CBN Governor, Godwin Emefiele, announced the extension in a statement signed on Sunday. He explained that the apex bank has sought approval from President Muhammadu Buhari to extend the deadline for the use of the old notes by 10 days. “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: A 10-day extension of the deadline from January 31 to February 10 to allow for the collection of more old notes legitimately held by Nigerians,”…
LAOLU Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, has bagged the University of Ibadan (UI) Alumni group’s 2022 Special Recognition Award. The convener of “World of Uites”, organizers of the awards, Mr Tobilola Ogunbajo, assisted by a member of the group, Mr Onele Peter-Cole, presented the award to Akande on Friday, in his office at the Presidential Villa. Presenting the award, Ogunbajo said that The World of Uites – a virtual gathering of the University of Ibadan alumni, affiliated with the Lagos Chapter, is recognising Akande for his selfless service to…
SOME major roads in Osogbo and Ilesa were on Saturday blocked by protesters, said to be displeased with the decision of the Election Petition Tribunal that sacked Senator Ademola Adeleke as governor. The protesters, who prevented vehicular movement along Osogbo/Ikirun road, also blocked Gbongan/Osogbo road to traffic and beat up many commercial motorcyclists that were operating in the town. While many commuters were stranded and had to trek long distances to their destinations, many business places did not open to customers over the fear of attack by the hoodlums. At Igbona Area, the convoy of the State Commissioner of Police,…
THE Nigerian Bar Association (NBA) says the Central Bank of Nigeria (CBN) is under statutory obligation to redeem the old N200, N500, and N1,000 banknotes after the January 31 deadline. The apex bank has however remained unequivocal about its decision that only the redesigned currency will be legal tender after the date. But the NBA President, Yakubu Maikyau, SAN, in a letter addressed to the CBN Governor, Godwin Emefiele, insisted that the law allows Nigerians to redeem their old naira notes at the CBN. According to a statement by the NBA’s National Publicity Secretary, Akorede Lawal, made available to News…
THE Osun State Governor, Ademola Adeleke, has described the judgement of the governorship election petitions tribunal as “a miscarriage of justice”, vowing to challenge the ruling at the Court of Appeal. News Point Nigeria reports that, the Election Petitions Tribunal hearing the All Progressives Congress’ Adegboyega Oyetola’s petition against the victory of the Peoples Democratic Party’s Ademola Adeleke on Friday annulled the result of the July 16 Osun governorship poll. Justice Tetsea Kume, while delivering a majority decision, declared that the Independent National Electoral Commission did not comply substantially with the constitution and the provisions of the Electoral Act. Reacting…
THE chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, has said there have been attempts to hack into the commission’s computer system ahead of the 2023 general elections. Yakubu spoke on Thursday during the 2022 National Conference of the National Association of Judiciary Correspondents (NAJUC) in Abuja with the theme, ‘2023 General Elections; Judiciary and Sustainability of Nigeria’s Democracy.” The INEC chairman who was represented by the deputy director of ICT, Dr Lawrence Bayode, said the attacks were from different parts of the world and not just Nigeria. “We were looking at the system yesterday and we…
THE presidential candidate of the ruling All Progressives Congress (APC) Bola Tinubu has accused the Peoples Democratic Party (PDP) of sabotaging fuel supply in the county to blackmail the Federal Government. Several parts of Nigeria are experiencing fuel scarcity with queues snaking into streets in some areas. The price of the product has also jumped across the country. But Tinubu has pinned it on the main opposition party, accusing the PDP of “creating queues” for the product across Nigeria. “We are not the same thing as the poverty development party. They developed poverty, they met good account. For 16 years…
THE Inspector-General of Police, Usman Baba, has recommended Frank Mba and Idowu Owohunwa to the Police Service Commission for the office of Commissioners of Police, Ogun and Lagos Commands respectively. This was contained in a document exclusively obtained by News Point Nigeria on Thursday, signed by the Force Secretary, AIG Hafiz Inuwa, on behalf of the IGP. Our correspondent gathered that the recommendations were yet to be approved by the PSC. Impeccable PSC sources told News Point Nigeria on Thursday that the recommendation was a welcome development, adding that it showed that the Nigeria Police Force now respects the constitutional…
THE Central Bank of Nigeria (CBN) has launched the Nigerian National Domestic Card Scheme, AfriGo, aimed at creating a more robust payment system that would drive financial inclusion in the country. Launching the card virtually, this morning, the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, said that transaction charges on all cards would henceforth be paid in Naira, except for international transactions. According to him, AfriGo would be cheaper and would be a matter of national pride, with potential to boost financial inclusion. Emefiele said, “The National Domestic Card avails us the sovereignty of our data. Secondly,…
THE UK government on Wednesday said it had cut tariffs and extended duty free trade in goods exported from Nigeria. Mr Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos. Llewellyn-Jones said the scheme would help to boost Nigeria’s non- oil exports in line with the Federal Government’s wider trade policy objectives and take off in April 2023. He noted that the scheme would reduce import costs by over £750 million per year, thereby reducing prices, and increase…
THE presidential candidate of the All Progressives Congress (APC), Bola Tinubu has said that attempts by some persons to sabotage his chances, by hoarding fuel and the new naira notes, won’t stop his victory in the February 25, 2023 poll. Tinubu, who spoke on Wednesday during a rally at the MKO Abiola Stadium in Abeokuta, the Ogun State capital, also said there is a plot by some saboteurs to stop the 2023 general elections from holding. He said fuel scarcity and the redesign of three naira notes won’t dissuade his supporters from voting him in. “Let fuel be expensive, only…
THE Dangote Group of Companies has reacted to what it called some misleading reports regarding the commissioning of Dangote Refinery during the present working visit of President Muhammadu Buhari GCFR to Lagos State. According to a statement by Anthony Chiejina, Group Chief, Branding and Communications Officer, Dangote Industries Limited, “We want to state categorically that our 650,000 barrels per day (bpd) Refinery project was never part of the President’s programme on projects to be commissioned. For the record, the projects slated for commissioning in Lagos State by President Muhammadu Buhari GCFR include: Lekki Deep Sea Port; 32-Metric Tonnes Lagos Rice Mill, Imota; 18.75km…
No Justification To Protest On Highways, NARTO President Says MINISTER of Works and Housing, Honourable Babatunde Raji Fashola has urged members of the Nigerian Association of Road Transport Owners, (NARTO) to place priority on adequate training of truck drivers to mitigate accidents on the highways. Fashola gave the advice on Tuesday while speaking at the Annual General Meeting of the association held in Abuja. The Minister who recalled efforts by the President Muhammadu Buhari administration to put federal roads in good shape through maintenance and rehabilitation expressed concern over spate of fatal accidents which he attributed to reckless driving.…
PRESIDENT Muhammadu Buhari on Tuesday commissioned the Blue Rail Line (from Marina to Mile 2) in Lagos State. The President alongside Governor Babajide Sanwo-Olu of Lagos State and his deputy, Obafemi Hamzat commissioned the project at the Marina Train Station in the state. The President also witnessed the signing of the commencement of the Phase 2 of the project from Mile 2 to Okokomaiko. Speaking at the programme on Tuesday, Sanw-Olu thank the President for his support to the state including tax breaks and waivers granted on the project. Buhari, who did not make a speech at the event, earlier…
THE Central Bank of Nigeria (CBN) says its January 31, 2023 deadline for the validity of the old N200, N500 and N1,000 notes remains. The CBN Governor, Godwin Emefiele announced this after the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. The CBN also raised the Monetary Policy Rate (MPR), which measures interest rate, to 17.5 percent. According to him, kidnapping and ransom-taking have reduced since the three banknotes were redesigned. He also said the time given for the swap of the old naira notes with new ones were enough for Nigerians to go to commercial banks…
PRESIDENT Muhammadu Buhari says the newly inaugurated Lekki Deep Sea Port and the Imota Rice Mill are projected to create more than 300,000 direct and indirect jobs, and generate economic benefits valued at well over 92 Trillion Naira (200 billion dollars) over . The President spoke at a State Dinner in his honour on Monday night during his two-day official visit to Lagos State to commission landmark infrastructure projects undertaken by the State Government and the private sector, MRS Holdings Limited. The President said these labour-intensive projects, which will contribute to job creation in the country, fit well to his…