Category: News

May 2, 3 declared public holidays to mark Workers Day, Eid ul-Fitr

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Federal Government has declared Monday, May 2 and Tuesday, May 3, 2022 as public holidays to mark Workers Day and Eid ul-Fitr celebrations. Minister of Interior, Ogbeni Rauf Aregbesola, made the declaration on behalf of the Federal Government.   He congratulated workers across the country on this year’s celebration, urging them to raise the bar of their trade, in line with the President Muhammadu Buhari administration’s drive to rev up governance and make Nigerians derive maximum benefit from the nation. He also congratulated Muslims for the successful completion of the…

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Deeper Life church expels man over alleged rape attempt of 12-yr-old girl

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A 60-year-old man identified as Boniface Onyekwere, has been expelled by Deeper Life Bible Church, Anambra State, over an alleged attempt to rape a 12-year-old girl. The church’s stand was made known in a disclaimer signed by the State Overseer, Pastor Jude Chukwuocha and dated April 26, 2022, which noted that Onyekwere was not a pastor or worker in any Deeper Life church in Anambra State. Onyekwere was arrested by the Anambra State Police Command on charges of attempted rape of a minor who was entrusted in his care. The…

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GTCO Plc Releases Q1 2022 Unaudited Results …Reports Profit Before Tax of ₦54.3b

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Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the corresponding period March 2021. FX translation of the FCY loan book led to a drop in the Group’s net loans by 4.7% from ₦1.80trillion recorded as at December 2021 to ₦1.72trillion in March 2022. Deposit…

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Cybercrime contributes 0.08 per cent to GDP loss, about $500 million -NCC

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The Nigerian Communications Commission (NCC) has disclosed that cybercrime remains one of the dangers of digital transformation in Nigeria and across the globe.     NCC noted that while the opportunities a digitally literate population pose economically, socially, and developmentally are immeasurable, conversely, the risks posed, especially coupled with a youth unemployment rate estimated by the National Bureau of Statistics (NBS) at about 45 per cent, are severe. It noted: “We report that cybercrime alone, one of such risks, contributes to 0.08 per cent of the GDP loss, about $500 million.…

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Mortuary attendant arrested for cutting off dead body’s head

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Kushimo Lukman, a mortuary attendant, was, yesterday, arrested in Abeokuta, the Ogun State capital, for cutting off the head of a deceased boy. Lukman, who was arrested by men of the Ogun State government-owned security outfit, the So-Safe Corps, while on routine patrol, said the severed head was requested for by one Chief Ifalonishe at the cost of N50,000. The So-Safe Corps said the suspect, who resides at 9, Abule Oloni, Oke Yidi, Abeokuta, was “an acclaimed mortuary attendant working with MABOD at Oke-Yidi, Abule Oloni, Abeokuta.” Yusuf said he…

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SAHEED ADEMOLA ELEGUSHI: Twelve Years as a KING

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by Temitope Oyefeso When the instrument of authority was presented to Oba Saheed Ademola Elegushi on April 27, 2010, as the 21st monarch of Ikate-Elegushi kingdom, a coastal community along the Lagos lagoon, the people were ecstatic. But, there were careful expectations because, the prince, though steeped in the rich pedigree of his predecessors and forbears, was being entrusted with leadership at a relatively young age. He was in his early 30s. But he was not unmindful of the huge responsibilities placed on him. Armed with robust tutelage from the…

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Elon Musk acquires Twitter in a $44 billion deal

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Billionaire Tesla and SpaceX CEO, Elon Musk, has acquired Twitter in a $44 billion deal that would cap a bid that began in early April to exert official influence over policies designed to combat abuse on the platform, which Musk has cast as anti-free speech. On April 4, Musk became the company’s largest shareholder and backed out at the last minute from an agreement to join Twitter’s board of directors.  Now, on the verge of taking over the company, Musk is promising to bring “free speech” to Twitter.  Musk is…

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NDLEA arrests Drug baron with 103 bank accounts at Lagos airport

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Chief Afam Ukatu, the billionaire drug baron behind the N3bn tramadol deal involving a suspended Deputy Commissioner of Police and former leader of the Intelligence Response Team, Abba Kyari, has been arrested by the National Drug Law Enforcement Agency. A statement on Monday by the spokesperson for the agency, Femi Babafemi, said he was arrested “after months of surveillance and evading arrest.” According to Babafemi, Ukatu, who is the chairman of Mallinson Group of Companies, was nabbed onboard a flight to Abuja at the MM2 terminal of the Lagos airport,…

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Many injured as Deeper life church building collapses in Badagry

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Heavy rain which was later followed by a heavy storm has left no fewer than six members of the Deeper Life Bible Church, located in Iragbo community in Badagry, Lagos State, on Sunday, with serious degrees of injuries when the church building collapsed while the service was in progress. It was learnt that the church building collapsed around 9:30 a.m. One of the members of the Church who was also a victim, Mr. Topohozin Tunde, said six members of the church sustained serious injuries. “I also sustained a serious knee…

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Wema Bank debunks money laundering and bribery tales

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Wema Bank says its attention has been drawn to recent reports in the media on money laundering and bribery allegations on a customer’s transaction. In a statement by the Bank, it said the publication went ahead to mention the names of certain Wema Bank management staff who were allegedly involved in the said transaction. The statement reads, “The bank wishes to state categorically that there is no merit in the article, and it is a malicious publication against members of our staff and the bank’s customer. “The said allegations are…

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