As financial market analysts continue to digest the 2021 financial results of the FirstBank Limited, which they say reflect the return of the banking conglomerate to its leadership position, Festus Akanbi writes that the regime of strong fundamentals which the robust performance represents is in tandem with the ongoing restructuring being midwifed by the current board and management of the company The Nigerian investing community was held spellbound earlier in the week when FBN Holdings Plc released its much-awaited 2021 financial statements to the public, showing a stellar performance, especially…
Read MoreAuthor: topnews
2023: Peter Obi dumps PDP
Erstwhile presidential aspirant on the platform of the Peoples Democratic Party (PDP) and former governor of Anambra State, Peter Obi, yesterday, resigned his membership of the party two days before its presidential primary. He said his resignation was because of the difficulty he faced in carrying out his ‘Rescue Nigeria’ mission through the main opposition party. In a letter dated May 24, 2022 and addressed to the national chairman of the PDP, Iyorchia Ayu, Obi said he had already informed the chairman of the PDP chapter in his Agulu Ward…
Read MoreSharing in VAT from alcohol sale: Lawyer sues FG, 12 northern states
Chief Malcom Omirhobo, a Human rights lawyer, has sued the Federal Government (FG), Attorney General of the Federation (AGF), Lagos State government and its attorney general, and 12 other northern states and their attorneys general at the Federal High Court, Lagos, over-allocation of Value Added Tax (VAT) realised from the sale of alcoholic beverages. Other defendants in the suit are Kano, Zamfara, Kaduna, Bauchi, Sokoto, Borno, Gombe, Jigawa, Katsina, Kebbi, Niger and Yobe States. They were all joined alongside their attorney’s general. The applicant is asking the court to determine…
Read MoreRochas Okorocha arrested by EFCC
Former Imo State governor and presidential aspirant, Rochas Okorocha, was yesterday arrested by Economic and Financial Crimes Commission (EFCC), at his Maitama, Abuja residence. Though the security operatives met stiff resistance from the supporters of the former governor, tear gas was fired to disperse them to effect the arrest. The anti-graft agency said it laid siege to the home of the former governor to arrest him, accusing him of jumping bail granted him by the commission. EFCC’s spokesperson, Wilson Uwujaren, in a statement, said the move followed the refusal of…
Read MoreCourt orders MC Oluomo, NURTW to stop levying Lagos drivers
The Ikoyi Federal High Court has ordered the Chairman of the Lagos State Park and Garages Management, Musiliu Akinsanya, aka MC Oluomo, and eight others to stop collecting levies from commercial drivers. Justice Peter Lifu gave the order in respect to an ex parte application filed by a lawyer, Mr Olukoya Ogungbeje. The lawyer filed the application on behalf of himself and a new transport union, Transport Union Society of Nigeria. Other respondents in the suit are the Registered Trustees of the National Union of Road Transport Workers, Registered Trustees…
Read MoreFG to pay N20m damages over bizman’s death in EFCC custody
the Federal Government has been found liable by the Community Court of Justice of the Economic Community of West African States, for the death of a businessman, Desmond Nunugwo, in the custody of the Economic and Financial Crimes Commission in April 2016. The court, therefore, directed the FG to pay N20m compensation to the deceased’s family. The 29-page judgment on Tuesday was handed down by Justice Edward Asante, who presided over the case and was assisted by Justices Dupe Atoki and Januaria Costa, on March 21, 2022. By a 2005…
Read MoreDr. Victor Adoji clinches PDP senatorial ticket for Kogi East
Former banker turned politician, Dr. Victor Alewo Adoji (DVAA), won the Kogi East Senatorial District’s ticket as the Peoples Democratic Party (PDP) candidate for the 2023 general election. During the primary election on Monday, Adoji polled 117 to defeat Engr. Aminu Suleiman, Elder Ubolo Okpanachi and Isaac Alfa, a former Chief of Air Staff and senator, and who scored 54, 43 and 20 respectively. The PDP chieftain who contested the senatorial election during the last 2019 general elections is a grassroots politician who has contributed immensely to the growth and…
Read MoreI need a man to marry urgently -Eucharia Anunobi
Eucharia Anunobi, Nollywood actress turned Evangelist, has affirmed that she is urgently in need of a man to settle down with. I’m an interview with BBC Igbo, the 56-year-old Eucharia reveals her utmost concern about settling down. In 2006, It was gathered that the actress’s marriage to her ex-husband, Mr Charles Edwu, ended after six years of marriage. Eucharia’s marriage to Charles birthed Raymond who was an only child but sadly died from complications linked with sickle cell anaemia at age 15. According to the thespian. “Please, I use this…
Read MoreWater resources minister summoned as agency auctions N2bn government assets for N13.6m
The management of the Ogun-Osun River Basin Development Authority is currently being queried by the Office of the Auditor General for the Federation over the sale of government plant, property and equipment valued at over N2bn at a paltry sum of N13.618m. The House of Representatives’ Committee on Public Accounts has consequently summoned the Minister of Water Resources and the Permanent Secretary of the ministry to explain the auction. The committee had on Friday grilled the Managing Director of OORBDA, Olufemi Odumosu. At the investigative hearing, Odumosu justified the disposal,…
Read MoreFour confirmed dead, 18-yr-old among rescued victims, as building collapses in Lagos
An 18-year-old boy, simply identified as Matthew, was among the five persons rescued at the site of the three-story building that collapsed on Freeman Street, Lagos Island, on Saturday, as the rescue operation continued yesterday. It was gathered that four people died in the collapsed building that was undergoing conversion into a three-storey building. The last survivor, Matthew, who was miraculously rescued from ground zero of the building and rushed to the hospital, was said to have been away from work due to sickness before that Saturday, when he resumed. …
Read More