Nigeria Archives - Page 103 of 332

Dec

28

2023

CBN Reassures Public on Bank Safety Amid Takeover Rumors

News2023, Nigeria, Security

The Central Bank of Nigeria (CBN) has affirmed the safety of deposits amid speculations of a government takeover of some CBN-supervised institutions. The Acting Director of Corporate Communications at CBN, Hakama Sidi-Ali, dispelled concerns and clarified that Nigerian banks are secure. The reassurance was prompted by unconfirmed reports, suggesting a government takeover of Titan Trust Bank (formerly Union Bank) and Keystone Bank. These reports allegedly stem from claims by CBN's special investigator, Jim Obazee, stating that the former CBN governor, Godwin Emefiele, used proxies to acquire these institutions. In response, Sidi-Ali emphasized that Nigerian banks remain safe and sound. She…

Dec

25

2023

By OHAFIATV

Soyinka said, “Tinubu disregarded my advice not to run for president.”

Economy, Politics2023, Economy, Nigeria, Opinion, Politics, Wole Soyinka

Prominent Nigerian dramatist Prof. Wole Soyinka has said that President Bola Tinubu disregarded his recommendation to not seek the office. When Soyinka paid Tinubu a courtesy call at his Lagos residence, he claimed to be checking up on the President and his spouse, who had disregarded his counsel. The famous author claimed that during the "embarrassing" visit, he gave the President a seven-point agenda. "I had a seven-point agenda when I came here. And we had a pretty in-depth conversation about those things," Soyinka said to reporters following the meeting. "It's actually a humiliating visit because I went to see…

Dec

23

2023

By OHAFIATV

The Abia Judicial Panel uncovers abandoned road projects, prob missing hospital properties.

Abia State, News, PoliticsAbia State, Nigeria, Okezie Ikpeazu

The dismal state of Isuikwuato General Hospital has been linked by Akabueze Ndukwe, Secretary General of the Isuikwuato Development Union, to the purported loss of a 125KVA power generating equipment and a few "unserviceable" hospital vehicles. Ndukwe stated that he noticed the missing items in 2020 and reported the matter to the stakeholders of Isuikwuato LGA. He was being cross-examined by Enobong Okafor, the counsel to the Abia State Judicial Panel of Inquiry on the Recovery of Government Properties and Funds, regarding the auction sales of "unserviceable vehicles" and the missing 125KVA Generator. He claimed that the 125KVA Generator Set…

Dec

21

2023

By OHAFIATV

Five lads in police net for unlawful ownership of AK-47 firearm

MetroCrime, Metro, Nigeria, Security

Five people were detained in Kurmi village in Bakori Local Government Area, according to the Katsina State Police Command, after it was discovered that they were in unlawful possession of an AK-47 gun. This was revealed to reporters in Katsina on Wednesday by the command's spokesperson, ASP Abubakar Sadiq-Aliyu. "On December 19, 2023, our operatives attached to Bakori divisional police headquarters, working with vigilante members while on patrol, successfully identified and apprehended five suspects based on credible intelligence." The suspects are 20-year-old Sharhabilu Dahiru, 25-year-old Abubakar Tukur, 20-year-old Kasamanu Abdullahi, 20-year-old Abdulrahman Shu'aibu, and 20-year-old Sulaiman Sanusi. Lawal was invited…

Dec

21

2023

By OHAFIATV

Accelerate the use of Chinese currency, Representatives urge FG

Business, Economy, Metro, PoliticsBusiness, Economy, Metro, Next Level, Nigeria, Opinion, Politics, Representatives

The Federal Government and the Central Bank of Nigeria have been urged by the House of Representatives to expedite the Chinese Yuan's adoption as a substitute trading currency. This call was part of a resolution that was approved on Wednesday in response to a motion made by Jafaru Leko. Recall that the Federal Government of Nigeria and China established a bilateral currency swap arrangement. This was reported by OHAFIATV News. Amidst the naira's struggle against major Western currencies, Leko encouraged the government to embrace the current in the motion. According to him, the currency need to be included in Nigeria's…