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Monthly Archives: August 2018

Lagos To Host 7th World Coconut Festival

The Lagos State Government in collaboration with the African Coconut Heritage Initiatives is set to host the 7th edition of the Coconut Heritage Festival tagged ‘AGUNKEFEST’ in commemoration of the 2018 World Coconut Day as listed in the State’s calendar of cultural events released earlier in the year. The event is scheduled to hold on Sunday, September 2, 2018 at ... Read More »

Saraki Picks Presidential Form

Senate President, Dr Abubakar Bukola Saraki has formally picked his People’s Democratic Party ( PDP) Nomination form, hours after declaring his intention to run for President come 2019. The visit to the Party HQ was announced via Twitter today and it stated “Director General of the Saraki Presidential Campaign Organization, Hon. Mohammed Wakil, obtained the Presidential Nomination and Expression of ... Read More »

MTN Denies Breaking Law in $8.1B Transfer

MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were done in flagrant violation of ... Read More »

Tambuwal Picks PDP Presidential

The Governor of Sokoto State, Aminu Tambuwal, on Thursday in Abuja purchased the Peoples Democratic Party presidential nomination form. He also said that he was prepared for the Presidency in 2019. The former Speaker of the House of Representatives, told journalists that he was not bothered about the hostility from the ruling All Progressives Congress and President Muhammadu Buhari. Read More »

Saraki Declares For President ” My Agenda For Nigeria”

After weeks of consultation with his constituency, Nigerian political heavyweights and the international community, Senate President, Dr Abubakar Bukola Saraki has officially declared for President. Senator Saraki showed his knack for innovation as he made the big declaration during an interactive session with youths who are gunning for different political offices come 2019. His full speech is reproduced: 1.​Let me ... Read More »

CBN Slams N5.B fine, wants MTN to refund $8m

Standard Chartered – N2.4 bn …Stanbic IBTC  ​ – N1.8 bn …Citibank         ​  – N1.2 bn …Diamond Bank ​ – N0.25 bn…writes MTN to refund $8 billion The Central Bank of Nigeria (CBN) says it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same to refund the sum of $8,134,312,397.63 for what ... Read More »

APC Chieftain, Kemi Nelson Reacts ” I was not part of the incident”

Following media reports of an alleged altercation at the Lagos All Progressives Congress (APC) Secretariat, top politician  and Zonal Women Leader ( South West) has denied being involved in any form of thuggery. Noting that in all of her 30 years of politicking, she has always played by the rules and been above board. A statement signed by Hon. Princess ... Read More »

Zenith Bank MD, Amangbo in EFCC Net

Peter Amangbo, the GMD/CEO of Zenith Bank is at the moment in the net of the Economic & Financial Crimes Commission ( EFCC) over a suspicious multi-million naira transaction ccording to Premium Times investigation. The Economic and Financial Crimes Commission is alleging that the transactions, at least N117 billion in value, are suspicious in nature but that Zenith failed to ... Read More »

APC Senatorial Aspirant, Opeyemi dragged to court over N511m Loan

  Hon. Michael Opeyemi Bamidele, a Senatorial aspirant and chieftain of the All Progressives Congress (APC) has been dragged to court by the Asset Management Corporation of Nigeria (AMCON) The decorated legal practitioner is being accused of defaulting on the payment of a loan he secured from defunct Oceanic Bank Plc in 2007. The alleged loan amount of N210 million ... Read More »

Lagos Reopens Third Mainland Bridge At 5pm

The Lagos State Government has announced that the Third Mainland Bridge which was temporarily closed for Investigative Maintenance Test would be reopened by 5pm on Sunday (today). The State Government, in a statement by the Permanent Secretary, Ministry of Transportation, Dr Taiwo Salaam, said the decision to reopen the bridge earlier than announced followed the completion of the test by ... Read More »