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Abuja, Nigeria – April 24, 2024 – In a swift response to yesterday’s incident at the Murtala Muhammed Airport, Lagos, where a Dana Air aircraft skidded off the runway, the Minister of Aviation, Senator Festus Keyamo, has directed the Nigerian Civil Aviation Authority (NCAA) to suspend the airline’s operations with immediate effect. This suspension will remain in place pending a comprehensive audit of the airline’s safety standards. The Minister’s directive comes amidst growing concerns about Dana Air’s safety record. While thankfully there were no reports of injuries in yesterday’s incident, it has reignited anxieties following a series of previous occurrences. The NCAA will…

Professor Zacchaeus Adangor, a prominent legal figure and former Attorney-General, has resigned from the state cabinet for the second time in six months. This latest development, coming just days before the crucial national elections, has sent shockwaves through the state’s political landscape and reignited speculation about the depth of the rift between Governor Siminalayi Fubara and his predecessor, Nyesom Wike, now the powerful Minister of the Federal Capital Territory (FCT). A History of Resignation and Redeployment Adangor’s first resignation came in December 2023, citing a “conflict of personal principles” in a tersely worded letter to Governor Fubara. This move was widely…

The Economic and Financial Crimes Commission (EFCC), Nigeria’s leading anti-graft agency, has sent shockwaves through the financial sector with the freezing of over 300 bank accounts linked to suspicious foreign exchange (FX) flows. This unprecedented move, announced on April 23rd, 2024, by EFCC Chairman Ola Olukoyede, signals a renewed focus on tackling financial crimes and safeguarding the integrity of the nation’s foreign exchange market. Unearthing a Bigger Scheme: Beyond Crypto Concerns While the announcement initially linked the frozen accounts to suspicious cryptocurrency trading, Chairman Olukoyede revealed a more concerning discovery. He stated that the EFCC had uncovered a scheme potentially more damaging…

In a move aimed at bolstering the Nigerian foreign exchange market and arresting a slight depreciation of the naira, the Central Bank of Nigeria (CBN) announced the sale of fresh US dollars to Bureau De Change (BDC) operators at a discounted rate of N1,021 per dollar. This intervention, detailed in a circular signed by the Director of Trade and Exchange Department, Hassan Mahmud, marks the second such sale this month and the fourth this year, underlining the CBN’s proactive approach to managing foreign exchange volatility and ensuring the availability of essential foreign exchange for legitimate purposes. Discounted Rate Aims to…

The Lagos Division of the Court of Appeal has reserved judgment on the appeal filed by Nollywood actor Olanrewaju James, popularly known as Baba Ijesha. This comes after the actor challenged his conviction for sexual assault of a minor by a Lagos State High Court in July 2022. Background of the Case: In 2021, Baba Ijesha was accused of sexually assaulting a minor, leading to his arrest and subsequent trial. In July 2022, Justice Oluwatoyin Taiwo (retd.) of the Ikeja Domestic Violence and Sexual Offences Court found him guilty on four out of six counts of sexual assault and sentenced him to…

Arsenal emphatically reaffirmed their title credentials with a resounding 5-0 victory over London rivals Chelsea at the Emirates Stadium on Tuesday night. This dominant performance puts them firmly back in the Premier League title race, piling pressure on current leaders Manchester City and second-placed Liverpool. The Gunners came flying out of the blocks, eager to erase the memory of their recent home defeat to Aston Villa. Their dominance was rewarded inside five minutes when Leandro Trossard, a player Chelsea missed out on in January’s transfer window, smashed home the opener at the near post. Chelsea, further hampered by the pre-match absence of their dangerman…

The recent filing of fresh charges against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), by Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), marks another chapter in the ongoing saga of legal challenges facing him. Emefiele, who is already entangled in two separate criminal cases, now faces allegations that he approved the printing of N684.5 million worth of naira notes at an inflated cost of N18.96 billion. These charges assert that this action violated legal standards and was intended to harm the public during the controversial naira redesign policy under the Buhari administration. Historical Context of Charges Godwin Emefiele’s legal troubles were initiated in…

The Startling Allegation The Economic and Financial Crimes Commission (EFCC) has brought forward a serious accusation against former Kogi Governor Yahaya Bello, claiming he misappropriated a substantial amount of state funds. At the heart of this controversy is an alleged transaction of $720,000 purportedly used to cover the educational expenses of Bello’s child. This accusation not only sheds light on the potential misuse of public resources but also calls into question the integrity of governance in Kogi State. Background: The Genesis of the Controversy Yahaya Bello, who served as the Governor of Kogi State, is no stranger to controversy. His tenure was marked by various allegations of…

Overview of the Project Funding In a significant development for Nigeria’s infrastructure landscape, Hitech Construction Company Limited has received authorization from the Bureau of Public Procurement (BPP) to seek Federal Executive Council (FEC) approval for a monumental funding request. The company aims to secure over N1 trillion for the construction of a 47.5km section of the Lagos-Calabar Coastal Road, marking a pivotal phase in this extensive project. The segment in question will stretch from Ahmadu Bello Way to Eleko Village Area in the Lekki Peninsula. Details of the Funding Request The funding amount requested by Hitech Construction totals N1,101,771,271,871.01, which…

Optimistic Outlook for the Super Falcons As the Olympic Games in Paris approach, the Nigeria Football Federation (NFF) President, Alhaji Ibrahim Musa Gusau, has shared a positive outlook on the performance of the Super Falcons, Nigeria’s senior women’s soccer team. In a discussion with Completesports.com in Abuja, Gusau expressed strong confidence that the team would surpass their previous showing at the FIFA Women’s World Cup held in Australia/New Zealand. Recapping World Cup Performance At the last FIFA Women’s World Cup, the Super Falcons demonstrated commendable skill and tenacity, exiting the tournament in the Round of 16 following a tense penalty…