Author: topnews

Give loans to farmers without collateral, Buhari orders CBN, others

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The Ministry of Agriculture and the Central Bank of Nigeria (CBN), have been directed to bypass the knotty issue of collateral by President Muhammadu Buhari, which he described as “a terrible colonial legacy,” so that farmers will get easy access to capital. The President gave the directive during an audience with members of the United Kingdom-based Foundation for Good Governance for Development in Nigeria at the State House, Abuja, on Tuesday. According to the President, a top priority of his administration is to ensure that the efforts of hardworking Nigerian…

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Lover sets girlfriend’s family members ablaze, kills five

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A jilted lover, Deji Adenuga, a.k.a. Dakar, on Tuesday allegedly set eight family members of his estranged girlfriend ablaze on Adetuwo Street, Igbodigo town, in the Okitipupa Local Government Area of Ondo State. It was gathered that five of the victims had given up the ghost, while three others were receiving treatment at the Trauma Centre, Ondo town, Ondo State. A source revealed that Adenuga was dating a girl in the family, identified only as Titi; but she later called off the relationship. In retaliation, the suspect was alleged to have…

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Baba Suwe flown abroad For Treatment of Chronic Diabetes

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Nigerian veteran Yoruba actor, Babatunde Omidina, popularly known as Baba Suwe, has finally arrived in the United States of America for medical treatment. It would be recalled that popular Yoruba comic actor solicited for funds to help treat chronic diabetes and members of the public as well as well-meaning Nigerians donated to his cause. The vice president of Nigeria, Professor Yemi Osinbajo who was among the many prominent Nigerians to donate gave the actor one million naira. Sharing a photo and video of Baba Suwe alongside his son, Sola Omidina…

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Algeria’s richest man detained over corruption allegation

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Issad Rebrab, Algeria’s richest man, has been detained in jail on the public prosecutor’s orders, a day after his arrest as part of a corruption probe. The crackdown on alleged graft follows the resignation of veteran president Abdelaziz Bouteflika in early April after weeks of mass protests against his 20-year rule. News of Rebrab’s arrest came as thousands of students thronged the capital’s streets calling for the overthrow of the “system” and for trials against members of the deposed leader’s inner circle. Rebrab, the 74-year-old chief executive of Algeria’s biggest…

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Sri Lanka attacks claimed by Islamic State group

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The devastating string of suicide attacks against churches and hotels in Sri Lanka that killed more than 320 people on Easter Sunday, has been claimed by the Islamic State group. The claim emerged more than 48 hours after the near-simultaneous blasts tore through three high-end hotels popular with foreigners and three churches packed with Christians marking Easter. It came after Sri Lanka’s government said initial investigations suggested the attack had been carried out as “retaliation” for shootings at two mosques in New Zealand last month that killed 50 people. The…

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Access Bank, two others fined N8.12m for disclosure violations

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Access Bank Plc, Diamond Bank Plc and First Aluminium Plc, were fined a total of N8.12m for disclosure violations by the Nigerian Stock Exchange. The NSE, in its latest X-Compliance report, said the Access Bank and Diamond Bank were fined for failing to disclose the resolutions passed at the meeting of their board of directors. Access Bank was fined N4.41m, while Diamond Bank Plc was fined 3.23m, according to the report, which brings the total amount to be paid by the resulting bank from the merger to N7.64m. First Aluminium…

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Saraki to Tinubu: Your budget-padding allegation irresponsible

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In response to the budget padding allegation leveled against the President of the Senate, Bukola Saraki, by the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, Saraki has requested for proof that he has padded the national  budgets since 2015. Former Lagos State governor Tinubu in a statement on Sunday accused Saraki and the Speaker of the House of Representatives, Yakubu Dogara, of padding national budget since they came to power. “National budgets were delayed and distorted as these actors repeatedly sought to pad budgets with pet projects that would profit them,” Tinubu claimed  in the…

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Over 138 dead as Sri Lanka’s blasts hit churches, hotels

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At least 138 people were killed and 450 hurt in the bomb attacks on several churches and hotels in Sri Lanka. An incident which coincided with Easter celebrations. Eight blasts were reported, including at three churches in Negombo, Batticaloa and Colombo’s Kochchikade district. The Shangri-La, Kingsbury and Cinnamon Grand hotels and one other, all in the capital, were also targeted. A national curfew has been put in place “until further notice” and social media networks have been temporarily blocked. President Muhammadu Buhari yesterday joined world leaders in condemning the bombings.…

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Couple sells six-hour-old baby for N850,000

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A child trafficking syndicate who allegedly sold a six-hour-old baby for N850,000 shortly after he was born, have been arrested by operatives of the Imo State Police Command. The Commissioner of Police in the state, Rabiu Ladodo, who paraded the suspects at the command’s headquarters in Owerri on Saturday, described the crime as “absurd and irritating.” Ladodo said the suspects would be charged to court at the conclusion of investigation. The CP noted that it was unbelievable that the mother of the newborn, Chinonye Oparaocha, 23, conspired with the other…

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Tinubu accuses Saraki, Dogara of budget padding for past four years

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The President of the Senate, Bukola Saraki; and the Speaker of the House of Representatives, Yakubu Dogara, have been accused by the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, of allegedly hijacking and padding national budgets for the four years that the party had been in power. He claimed that the two presiding officers of the National Assembly always padded the budgets with pet projects that profited them while they cut funds appropriated to projects that would have benefited Nigerians. Tinubu made the allegations in a statement…

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