Author: topnews

Edo poll: PDP alleges rigging as APC Monday Okpebholo wins

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The All Progressives Congress candidate for Saturday’s governorship election in Edo State, Senator Monday Okpebholo has won as the new governor of the state, even as the Peoples Democratic Party kicked against the result. Adamawa State Governor, Ahmadu Fintiri, who is the Chairman, Edo State Governorship Election National Campaign Council, on Sunday, stated that the Independent National Electoral Commission should be held accountable for violating the Electoral Act. Okpebholo polled 291,667 votes to defeat PDP’s Asue Ighodalo, who came second with 247,274 votes, and Labour Party’s Olumide Akpata, who emerged…

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Fidelity Bank Stock record Over 20% Growth Following Combined Offer

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Growing investor confidence and strong market participation have continue to boost optimism about Fidelity Bank’s stock as the bank experienced a remarkable 20% surge on the Nigerian stock market, with its share price surpassing the N13 mark by the third week of September. This upward trend follows the bank’s combined offer, which included a Public Offer and Rights Issue launched on June 20, 2024. The combined offer consisted of 10 billion ordinary shares priced at N9.75 for the public and 3.2 billion shares at N9.25 for existing shareholders, collectively raising…

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UK govt warns of tough decisions as debt hits landmark high

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Official data has shown that UK state debt is equivalent to the country’s annual output, as the new government warns of tough decisions on tax and spending ahead of its maiden budget. “Public sector net debt… was provisionally estimated at 100 percent of gross domestic product at the end of August,” the Office for National Statistics said in a release. This matched a level last seen in the early 1960s, the ONS added. Prime Minister Keir Starmer, whose Labour party was elected in early July, has warned Britons that the…

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FG, ex-CJN Onoghen to settle out of court

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The request of the federal government and the former Chief Justice of Nigeria, Justice Walter Onnoghen, to settle the appeal the appellant filed challenging his removal as CJN, has been approved by the Court of Appeal, Abuja division, yesterday. At the resumed hearing in the appeal, the lead counsel to the former CJN, Dr. Ogwu Onoja, told the 3-member panel of justices of the Appellate Court that the two parties in the suit were already having discussions on a peaceful resolution of the dispute. Onoja told the panel that the…

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We’ll no longer stop vehicles to check papers — Police

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The Nigeria Police Force (NPF) has revealed that with the introduction of the digital Central Motor Registry Information System (e-CMR), Police officers would no longer need to stop vehicles to check their papers. The Force Public Relations Officer, Olumuyiwa Adejobi made this known on Wednesday night in a post via his X handle. He said Police Officers would now be equipped with cutting-edge technology to verify documents in real-time. Adejobi added that once the e-CMR goes into effect, vehicle owners and users would no longer need to carry physical documents…

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Petrol price has rendered N70, 000 minimum wage useless — NLC tells FG

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The Nigeria Labour Congress, NLC, said it would meet with the federal government on how workers could survive the recent hike in the pump price of petrol. According to the labour movement, the current price of petrol has eroded the gains of the yet-to-be implemented N70,000 new national minimum wage. President of NLC, Joe Ajaero, who disclosed this at the opening ceremony of a two day workshop on “Minimum Wage Implementation Workshop, Southern Zone, with the theme ‘Strategies for Effective Implementation of the 2024 National Minimum Wage Act, in Lagos,”…

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My native bullet proof vest failed me – Teenage robber

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Sodiq Oyedokun, a teenager suspected to be an armed robber, has lamented how his traditional bullet proof and anti- arrest vest meant to make him disappear from crime scenes failed him. Oyedokun was arrested and paraded alongside 20 other suspected criminals by the Ondo state security outfit codenamed Amotekun in Akure, the state capital. In an interview, the suspect, said that he inherited it from his late father who was a herbalist. According to him, ” my father gave the vest to me. I kept it in our house since…

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FG opens IDP camps as flood submerges 70% of Maiduguri

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The Federal government has opened IDP camps as thousands of Maiduguri inhabitants have been displaced, with the Nigerian Correctional Service recapturing three inmates after a jailbreak, while 80 per cent of animals at the Sanda Kyarimi Park zoo died as Borno State suffered its most devastating flood disaster in 30 years. Following the disaster, President Bola Tinubu, who’s currently abroad, called for the immediate evacuation of residents in communities overtaken by floods. Seventy per cent of Maiduguri, the Borno State capital, has been submerged by the fast-moving waters, according to…

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American bizman sentenced to 74 years imprisonment for $1.2m visa scam

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An American businessman, Marco Antonio Ramirez, has been convicted and sentenced to 74 years imprisonment by a Lagos State Special Offences Court, in Ikeja, on Tuesday, for defrauding victims of $1.2m, through an EB-5 visa scam and an additional $368,698.24, in fraud. Justice Mojisola Dada, who handed down the sentence, found Ramirez guilty on two separate consolidated charges brought against him by the Economic and Financial Crimes Commission. The court ruled that the prosecution had proved its case beyond a reasonable doubt. On the first charge, Ramirez was sentenced to…

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Abure lied concerning LP’s N1000 challenge – Aisha Yesufu

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Claims made by the National Chairman of the Labour Party, Julius Abure, that only Aisha Yesufu and Pastor Itua Ighodalo, were responsible for managing the campaign funds of LP presidential candidate, Peter Obi, at the 2023 election, has been debunked by the Obi-Datti fundraising team. Abure on Monday had told journalists in Abuja after a meeting of the National Executive Council that there was no iota of truth in the allegation that he embezzled the party’s campaign donations. The embattled national chairman emphasised that there was no way he could…

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