FBN Holdings PLC (FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking on the appointments, the Group Chairman of FBN Holdings Plc, Dr. Oba Otudeko, CFR, said, “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and…
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Government to phase out yellow buses in Lagos
In accordance with its transportation masterplan of the state, the Lagos State Government says it plans to phase out yellow buses. Commissioner for Transportation, Dr Frederic Oladeinde, said this in a virtual forum on Thursday, adding that the busses would be replaced by blue buses. The virtual forum was titled ‘Transport and traffic conference’. He said, “We are reforming the bus sector and over time, Lagos will phase out the yellow buses because the yellow buses are not conducive for a mega city like Lagos. That is why we are…
Read MoreNigerian Breweries depot sealed over N169 million tax liabilities
The High Court sitting in Akure, Ondo State yesterday, ordered that the Nigerian Breweries (NB) Plc depot in Akure be sealed off pending the settlement of their tax liabilities to the state government. Justice William Akinrotoye also granted the cross-petition of the state government for the recovery of N169.175 million from the company, being the haulage fees it owed for the period 2017 to 2019. Consequent upon series of arguments from both the petitioner and the respondents’ counsel, Justice Akinrotoye ruled in favour of the state government, dismissing the petition…
Read MoreChinese expatriates abducted by labourers in Osun
Some labourers hired by three Chinese miners have been reportedly abducted on a mining site located at Akere Village near Ifewara, Osun State. Before the men were abducted, it was gathered that a policeman attached to the expatriates was killed. The abduction, it was learnt, occurred following a disagreement between the expatriates and the labourers, said to be mainly northerners, hired to work on the site. The details of what led to the disagreement was however unknown at the moment. A resident of Ifewara town, Gboyega Emmanuel, said that the incident…
Read MoreUS based Nigerian on vacation killed after kidnappers recieved N10m ransom
Prince Eloniyo Dennis Abuda, a Nigerian based in the United States of America, was kidnapped on Saturday, January 30, 2021 along the Benin-Akure road on his way to Lagos from Fugar, Etsako Central Local Government Area of Edo State. Later, the decomposing body of Prince Abuda was found on Tuesday near the small town of Agbanikaka, Ovia North East Local Government Area of the state. Prince Abuda who was based in Atlanta, Georgia, United States was kidnapped near Agbanikaka with some of his family members including a woman who was…
Read More15 to 20 million Nigerians to become poor soon – World Bank
The World Bank and the Chairman of the Presidential Economic Advisory Council, Dr Doyin Salami, have said Nigeria needs to implement key reforms in order to get the economy out of the current doldrums and achieve sustainable inclusive growth. They said this on Tuesday at the virtual launch of the 2021 Macroeconomic Outlook of the Nigerian Economic Summit Group, a private sector-led think-tank. At the forum, the World Bank said its estimates show that between 15 million and 20 million Nigerians will join the poverty rank by 2022. World Bank…
Read MoreI discovered three children with my ex-wife aren’t mine – High Court Judge
Anthony Okorodas, a Delta State High Court judge, says he recently discovered that the three children he had with his first wife are not his. Okorodas said in a statement that he made the discovery after he had sponsored two of them to university while the third one was already 17 years old. The judge said he discovered this after the three children were subjected to DNA tests. Okorodas, who described the discovery as devastating, said he and his current wife had been responsible for the education of the three…
Read MoreKiller-herders: Sunday ‘Igboho’ visits Ogun state
Sunday Adeyemo (a.k.a. Sunday Igboho), on Monday, stormed Ogun State, insisting that killer-herdsmen must vacate Yorubaland. Igboho, alongside his supporters, arrived in Abeokuta, the state capital and immediately proceeded to some troubled areas in Yewaland in Ogun West Senatorial District. His visit was in continuation of his campaign against the marauding herdsmen in the South-West. He had recently displaced some Fulani herdsmen in Igangan, Oyo State, a development, which had attracted knocks and kudos nationwide. He insisted that Fulani herdsmen who engage in killing and kidnapping must vacate the region…
Read MorePavilion hotel boss summoned over CCTV cameras uncovered in rooms
Ogun State Police Command said it had commenced investigation into the alleged invasion of privacy of guests at the Pavillion Hotel, Ayepe, in the Odogbolu area of the state. The development followed public outcry against the hotel after an online video showed guests lamenting the discovery of closed circuit television cameras in their rooms. In the trending video, a guest was seen removing a camera that was planted in an air conditioner in one of the rooms. The guest said, “This is a room in the hotel we are sleeping…
Read MoreLai Mohammed lied, Boko Haram controls my LGA without military presence -Borno Speaker
“There is no single existence of civil life in Guzamala, not to even talk of Military presence in the Council Headquarter and its surrounding communities, that are not dominated by armed Boko Haram Fighters.” These was the statement made by the Speaker of Borno State House of Assembly, Rt Hon Abdulkarim Lawan, on Monday, when he faulted claims made by Minister of Information, Lai Mohammed and the immediate past Chief of Defence Staff (CDS) Gen Gabriel Olonisakin that all the 27 Local Government Areas in the state have been liberated…
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