Author: bibncollar

The Nigeria Police Force (NPF) has arrested 1,088 suspects linked to various financial crimes in separate operations conducted in 2024. These operations also led to the recovery of $11.45 million and ₦142.26 billion, according to a statement issued on Tuesday by the Force Public Relations Officer, Olumuyiwa Adejobi. The crackdown is part of Nigeria’s broader efforts to address its placement on the Financial Action Task Force (FATF) grey list, which identifies the country as a high-risk jurisdiction for money laundering and terrorism financing. Adejobi highlighted that in response to Nigeria’s grey list designation in February 2023, the police intensified financial…

The Labour Party’s 2023 presidential candidate, Peter Obi, has refuted claims that he opposes forming a coalition ahead of the 2027 elections, emphasizing that any alliance must prioritize the welfare of Nigerians rather than a mere struggle for power. Obi made this clarification on Tuesday via his official X account after reports suggested he had rejected coalition efforts led by former Vice President Atiku Abubakar and other opposition figures. Speaking at a two-day national conference in Abuja on Monday, themed “Strengthening Nigeria’s Democracy: Pathway to Good Governance and Political Integrity,” Obi expressed skepticism about alliances formed solely for political advantage.…

In a bid to curb financial fraud, the Central Bank of Nigeria (CBN) has directed the Nigeria Inter-Bank Settlement System (NIBSS) to debit the settlement accounts of commercial banks that receive fraudulent funds. The new measure, set to take effect in January 2025, aims to hold banks and fintechs accountable for lapses in their fraud detection systems. According to sources familiar with the directive, banks that fail to adequately screen incoming transactions or detect fraudulent activity will face immediate debits once such cases are reported. This move is expected to push financial institutions to strengthen their Know Your Customer (KYC)…

Former Rivers State Governor, Rotimi Amaechi, has called on Nigerians to actively defend their votes and ensure credible leadership in the 2027 elections, emphasizing that power is never freely given. Speaking during a panel discussion in Abuja on Monday, January 27, Amaechi warned against political complacency, stressing that Nigerians must be prepared to fight for the leadership they desire. Using the election of Malam Ibrahim Shekarau as governor of Kano State as an example, Amaechi highlighted how mass mobilization and public resistance played a decisive role in securing victory. “The only way Shekarau became governor of Kano State was because…

The Debt Management Office (DMO) has dismissed reports claiming President Bola Ahmed Tinubu inherited a public debt of N21 trillion, clarifying that the actual figure was N87.38 trillion as of June 30, 2023. In a statement released on Monday, the DMO explained that this figure includes external and domestic debts owed by the Federal Government of Nigeria (FGN), the 36 states, and the Federal Capital Territory (FCT). “As of June 30, 2023—the first debt data published after President Bola Ahmed Tinubu assumed office on May 29, 2023—the Total Public Debt Stock was N87.38 trillion, not N21 trillion as erroneously reported,”…

…INEC’s lapses revealed as witness cites Electoral Act and INEC manual …APC counsel rattled as witness dismantles false claims with precision The Edo Governorship Election Tribunal sitting in Abuja was the scene of high drama today as a star witness for the PDP delivered a powerful testimony, exposing irregularities in INEC’s declaration of Monday Okpebholo as governor. Drawing on Section 2.3.6 of INEC’s Manual for Election Officials, the witness highlighted a critical breach of electoral procedures. He explained that INEC’s failure to record the serial numbers of sensitive election materials in Form EC25B violated its own guidelines, effectively invalidating results…

In a groundbreaking move to revolutionize healthcare delivery in Anambra State, Engr. Barth Nwibe, Managing Director of SEGOFS Energy, has invested a remarkable ₦3 billion in the construction of a world-class, AI-backed diagnostic center in Awka. This project, in partnership with Apex Specialist Hospital Nigeria, promises to transform the medical landscape of the state, offering advanced diagnostic and healthcare services previously accessible only abroad. The foundation-laying ceremony, held in Awka on Saturday, marked the collaboration between SEGOFS Energy, an upstream oil services company owned by Engr. Nwibe, and Apex Medical Systems, led by its founder, Prof. Uchenna Nwosu. The diagnostic…

Former Kaduna State Governor, Nasir El-Rufai, has sharply criticized the All Progressives Congress (APC), accusing the party of abandoning its founding principles and nurturing ineffective leadership. Speaking at a national conference in Abuja focused on strengthening Nigeria’s democracy, El-Rufai described the current state of governance and opposition politics in the country as a “national emergency.” He lamented the lack of internal democracy within the APC, stating, “I no longer recognize the APC. The party’s organs haven’t met in two years—no caucus, no NEC, nothing. It’s unclear whether it’s even a one-man show or a zero-man show.” El-Rufai also criticized…

The Lagos State Government has announced the signing of a Memorandum of Understanding (MoU) with the Federal Government to commence exploratory work on the 68-kilometer Green Line rail project. The Green Line will connect Marina to the Lekki Free Trade Zone, passing through key areas such as Victoria Island, Lekki, and Ajah. This rail line is poised to enhance connectivity and boost economic activities along one of Africa’s fastest-growing industrial corridors. The announcement was made by the Lagos State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, during a Citizen/Media Stakeholders Forum organized by the Ministry on Monday. According to…