Day: March 12, 2022

MC Oluomo not in control of motor parks -Lagos

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The Lagos State Government has denied appointing the suspended chairman of the union, Musiliu Akinsanya, alias MC Oluomo, as head of the motor parks and garages across the state. It also said it had yet to set up a committee to “immediately control” the parks and as such, it would be out of place to claim that anyone had been appointed as the chairman. Following his suspension by the national leadership of the NURTW for alleged insubordination, Oluomo had on Thursday called on the state government to take over the…

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FG has quietly removed electricity subsidy, fuel subsidy to follow – Finance minister

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Mrs Zainab Ahmed, Minister of Finance, has revealed that the Federal Government has quietly removed the subsidy on electricity tariff. She said the government had to carefully adjust the prices incrementally at some levels. Speaking on Thursday at a virtual meeting of African Finance Ministers and the International Monetary Fund, Ahmed also said the amendment of the budget was ongoing to accommodate the incremental removal of fuel subsidy. The theme of the meeting was ‘The political economy of fiscal reforms’. Ahmed said, “We are cleaning up our subsidies. We had…

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FG freezes business accounts of illegal online banks

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Some illegal financial institutions operating on Opebi Road, Ikeja, Lagos, was on Friday raided by the Federal Competition Consumer Protection Commission, in collaboration with the Independent Corrupt Practices and other Related Offences Commission, National Information Technology Development Agency, and the Nigerian Police Force. Among the financial institutions affected were, GoCash, Okash, EasyCredit, Kashkash, Speedy Choice, Easy Moni. The raid, the FCCPC said, was in response to customers’ complaints of malpractices by the financial institutions. Speaking during the raid, the Chief Executive Officer, FCCPC, Babatunde Irukera, explained that customers had accused…

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