Author: Yetty
Yetty
Yetty is an entertainment blogger with skin in the game. She knows her way around the industry and thrives to promote and share binge-worthy contents. She is one of the best bloggers out there.
The Federal Executive Council (FEC) meeting on Wednesday, July 10th, 2024, sent shockwaves through various ministries as it directed a reevaluation of planned projects, particularly those inherited from past administrations. This move, spearheaded by President Bola Tinubu, signifies a shift towards a more cautious and strategic approach to project execution. Focus on Funding and Reassessment: The Minister of Information and National Orientation, Mohammed Idris, addressed journalists after the FEC meeting, clarifying the rationale behind the decision. He explained that the council had “stepped down memoranda for some major projects requiring additional funding, especially projects under the purview of the Federal…
Chaos erupted in a Federal High Court, Abuja, on Thursday, July 11th, 2024, as former Minister of Power, Saleh Mamman, collapsed shortly before his arraignment. Mr. Mamman, who served under President Muhammadu Buhari’s administration, was scheduled to face charges of alleged fraud and misappropriation of N33 billion ($89.7 million) during his tenure. The dramatic turn of events unfolded as the court prepared to hear the case. Mr. Mamman, who had been looking visibly pale throughout the proceedings, suddenly slumped forward in the dock. Court officials and security personnel rushed to his aid, calling for medical attention. The courtroom erupted in…
Nigeria’s foreign exchange (forex) reserves have crossed a significant threshold, reaching $35.05 billion as of July 8th, 2024. This marks the highest level since May 30th, 2023, just a day after the current administration under President Bola Tinubu took office. The news, announced by the Central Bank of Nigeria (CBN), has been met with cautious optimism by economic analysts and stakeholders. Reasons for the Rise: Several factors likely contributed to the rise in forex reserves: Improved Oil Prices: A steady rise in global oil prices, Nigeria’s primary export, has boosted government revenue and forex inflows. CBN Interventions: The CBN’s recent…
In a landmark judgment delivered on Wednesday, July 10th, 2024, the Supreme Court of Nigeria has significantly bolstered the autonomy of local government councils (LGCs) across the country. The unanimous decision, delivered by a seven-member panel led by Justice Bode Rhodes-Vivour, bars state governors from arbitrarily dissolving democratically elected LGC administrations. This historic verdict comes in response to a lawsuit filed by the Federal Government of Nigeria (FG) against all 36 state governments. The suit, marked SC/CV/343/2024, challenged the practice of governors dissolving LGCs for flimsy reasons or without following due process. The FG argued that such actions undermined the…
In a decisive move to curb illegal mining activities and protect the environment, the Federal Government, on Tuesday, July 9th, 2024, sealed a sand dredging and mining company operating in Ilate-Etido Community, Obafemi/Owode Local Government Area of Ogun State. The company, Ojibas Nigeria Limited, reportedly owned by a businessman from Osun State, was targeted by officers from the Mining Inspectorate Department of the Federal Ministry of Solid Minerals and Development. This action follows a period of mounting tension in the Ilate-Etido Community. Residents had staged protests against Ojibas Nigeria Limited, accusing them of destructive and environmentally damaging practices. The community…
The Ambrose Alli University (AAU), Ekpoma, Edo State, is poised for a new era of leadership and excellence. On a date yet to be officially announced, the Edo State Government, led by Governor Godwin Obaseki, has approved the constitution of a Governing Council for the prestigious university. This decision marks a significant step forward for AAU, following a period of focused intervention by a Special Intervention Team (SIT). The SIT, established by Governor Obaseki, played a crucial role in addressing various challenges faced by the university. Their work included, but was not limited to, tackling issues related to internal governance,…
The 2024 UEFA European Championship, hosted by Germany, promises not only thrilling football but also a hefty financial reward for participating teams. With a total prize pool of €331 million (approximately $378 million), the tournament offers a significant financial incentive for success. From participation fees to hefty bonuses for reaching the final, let’s delve deeper into the breakdown of the Euro 2024 prize money: Participation Matters: A Base Reward for All Teams Every nation that qualified for Euro 2024 received a participation fee of €9.25 million ($10.6 million). This ensures that even teams eliminated in the group stages receive a…
Anamekwe Nwabuoku, the former Acting Accountant-General of the Federation, made a dramatic plea in a Federal High Court in Abuja on Wednesday. Facing charges of money laundering to the tune of N1.6 billion ($3.6 million), Nwabuoku begged for an extension of the deadline to refund the allegedly looted funds. This development has sparked a national conversation, raising questions about the seriousness of his intentions and the effectiveness of Nigeria’s anti-corruption efforts. A web of Allegations: Unraveling the Nwabuoku Case Nwabuoku’s legal troubles stem from his time as Director of Finance and Accounts in the Ministry of Defence between 2019 and…
The ghosts of tournaments past have finally been exorcised. England, a team burdened by decades of underachievement on the international stage, has defied expectations and reached the Euro 2024 final. This historic feat is the culmination of a decade-long development program that has transformed the national team from perennial nearly-men to genuine contenders. A History of Heartache: The Long Road to Redemption For English football fans, the phrase “major tournament heartbreak” has become a wearisome refrain. Since their solitary World Cup triumph in 1966, the Three Lions have consistently fallen short in major competitions. Semi-final defeats at Euro 1996 and…
For Nigerians grappling with the persistent darkness of power outages, a glimmer of hope has emerged. The United States Agency for International Development (USAID) has announced a significant investment of N115.2 billion ($266 million) to support reforms and advancements in Nigeria’s power sector. This comes at a critical juncture, as the country continues to battle crippling blackouts that disrupt daily life and hinder economic growth. A Nation in the Dark: The Scope of Nigeria’s Power Crisis Nigeria’s power sector is plagued by a multitude of challenges. Despite having an installed generation capacity of 12.5 GW, only a fraction of this…