Monday, January 24

Tag: funds

Obi Cubana breaks silence, gives details on ‘drug money’ probe by NDLEA
News

Obi Cubana breaks silence, gives details on ‘drug money’ probe by NDLEA

Obi Iyiegbu popularly known as Obi Cubana has broken his silence on his investigation by the National Drug Law Enforcement Agency (NDLEA) for alleged drug links. Cubana presented himself at the Abuja headquarters of the anti-drug agency on Thursday after he got an invitation from them. The Chairman of Cubana Group was grilled over funds paid into his companies’ accounts by convicted dealers from India, Malaysia and Nigeria. Speaking on the investigation for alleged drug money, Cubana, in an Instagram live with Daddy Freeze on Saturday, said linking him with drugs was a blow to him and made him feel so low. He said he made a covenant with God never to invest or support drugs. He expressed hope that the NDLEA after its investigation will vindicate him in the eyes of the public...
Mompha pleads not guilty to fresh charges
News

Mompha pleads not guilty to fresh charges

The anti-graft agency arraigned the Instagram celebrity earlier today at the Lagos Special Offences Court in Ikeja. Mompha and his firm, Ismalob Global Investment Limited were accused of conspiracy to launder funds obtained through unlawful activity, retention of such funds, transfer of funds for a suspect, Olayinka Jimoh a.k.a Nappy Boy, and unlawful transfer of funds for a record label, among others. According to EFCC, “Mompha concealed his interest in expensive wristwatches and other movable assets valued at over N70million.” Mompha pleaded ‘not guilty’ to the eight counts while Islamob Limited (represented also by Mompha) pleaded not guilty to the first six counts. After his plea, prosecuting counsel, Mr. Rotimi Oyedepo requested for a trial date. The defendant counsel, Gbo...
​Man Utd challenging Liverpool, Barcelona for Gladbach midfielder Zakaria
Sport

​Man Utd challenging Liverpool, Barcelona for Gladbach midfielder Zakaria

Manchester United are assessing the availability of Borussia Monchengladbach midfielder Denis Zakaria. The central midfielder is out of contract in the summer, and Gladbach are willing to sell him in January to secure some funds for the player. However, Zakaria is wanted by a host of clubs, including Liverpool, Barcelona, Juventus, Borussia Dortmund and Bayern Munich. According to the Daily Mirror, United are tracking his availability, but would have to convince him to make the move to Old Trafford over the other top teams also vying for his signature. Zakaria is available for free in the summer, but United need a midfielder urgently, and may believe a January bid is their best chance to steal a march on the other teams who also want to sign him.    
Davido adds his personal N50m donation to the N200m donated by his friends, shows proof
Celebs

Davido adds his personal N50m donation to the N200m donated by his friends, shows proof

Davido has given an update on his N250million donation to orphanages across Nigeria. In a post shared on his Instagram page this afternoon, the singer updated that he has added his personal N50 million donation to the N200 million donated by his friends. He shared a screenshot of his account balance showing N250, 000. In a statement he released over the weekend, the singer says every dime will be given to orphanages across the country. A 5-man committee has been set up to oversee the disbursement of the funds.  
Veteran comic actor Baba Suwe is dead
Celebs

Veteran comic actor Baba Suwe is dead

Veteran Yoruba actor Babatunde Omidina aka Baba Suwe is dead. The actor died on Monday at 67. Baba Suwe’s death was announced by one of his daughters, Adesola Omidina. She said: “This is to announce the sudden death of my father, Babatunde Omidina, the legend and rare gem, Baba Suwe on November 11, 2021. Details and other arrangements will be announced shortly.” Baba Suwe became popular for his comical roles in Nollywood films with Yoruba language. He suffered poor health in 2018, making several Nigerians including Vice President Yemi Osinbajo to donate funds for his medical treatment abroad.
Davido donates N200 million given to him by his friends and fans, plus an extra N50 million to orphanages across Nigeria
Celebs

Davido donates N200 million given to him by his friends and fans, plus an extra N50 million to orphanages across Nigeria

Singer, Davido, has decided to donate the N200 million given to him by his friends and fans plus a personal donation of N50 million to orphanages In a statement he released this afternoon, the N250 million is to be distributed to orphanages across the country. He said a 5-man committee has been set up to monitor the distribution of the funds. Read the statement below...
Actor Uche Maduagwu shares another hilarious video condemning celebrities ‘begging’ for money on social media
Celebs

Actor Uche Maduagwu shares another hilarious video condemning celebrities ‘begging’ for money on social media

  Actor Uche Maduagwu has shared another video condemning celebrities for coming online to ask their fans and friends to give them money. His reaction came after Davido asked his friends to give him N1 million. He had initially shared a video in which he condemned those soliciting for funds online. Today he has shared another one. Watch below
Valencia struggling to keep hold of Leeds attacker Helder Costa
News

Valencia struggling to keep hold of Leeds attacker Helder Costa

Valencia may struggle to keep hold of on-loan Leeds United attacker Helder Costa. The 27-year-old joined the Spanish side in the summer and has impressed during his time at the club so far, winning Man of the Match for his performance in a 2-0 win over Villareal. Having also revealed that he is 'happy' at Valencia earlier in the month, it looked likely that Costa would secure a permanent stay at the end of the campaign. However, Valencia's financial issues continue to rumble on, with the club this week announcing losses of €31.2million, reports Leeds-Live. The likes of Goncalo Guedes may have been sold to free up funds elsewhere, with Liverpool and Arsenal supposedly keeping tabs on the Portuguese winger.
ASUU strike won’t happen – Ngige reacts to three-week ultimatum given by the union
News

ASUU strike won’t happen – Ngige reacts to three-week ultimatum given by the union

The Minister of Labour, Chris Ngige has assured that the strike threatened by the Academic Staff Union of Universities (ASUU) will not happen. ASUU issued a three-week ultimatum Monday, Nov. 15, to the federal government to implement the earlier agreement reached with the union. Emmanuel Osodeke, the ASUU national president, said: "We are giving the federal government a three-week ultimatum. If after three weeks they don’t meet our demands, we will be going on strike." However, speaking on Channels Television on Tuesday, Nov. 16, Ngige said funds were available for universities and the strike will not happen. He said: "The strike will not happen. For one, I know that the funds to pay are there and the ministry of education has assured me that by tomorrow, they will emanate ...
Activist shares photo of the man accused of defiling his neighbour’s 6-month-old daughter
News

Activist shares photo of the man accused of defiling his neighbour’s 6-month-old daughter

Victor Dickson, the man accused of defiling his neighbour's 6-month-old daughter, has been pictured. Yolanda George-David, who is trying to get justice for the child after her parents dropped the case due to lack of funds, shared a photo of the suspect. She revealed the survivor experiences pain when she pees and also when she's placed in a sitting position. Recall that earlier, George-David alleged that the suspect's pastor, while pleading on the suspect's behalf, said the survivor's parents should be thankful that the rape didn't happen when she's older.
‘Mwendwa not meant for football, Nyamweya was better’ – Former FKF NEC member Alila
Sport

‘Mwendwa not meant for football, Nyamweya was better’ – Former FKF NEC member Alila

The current federation head has been under immense pressure owing to the dropping standards of the game as well as alleged misappropriation of funds Former Nyanza regional Football Kenya Federation National Executive Committee member Toma Alila has hit out at current president Nick Mwendwa for allegedly mismanaging the sport in the country. The FKF president has been accused of funds misappropriation and contributing to lowering the standards of the game in Kenya. According to Aina, his predecessor Sam Nyamweya did a great job when he was in charge, as opposed to Mwendwa who, he says, should have been left to continue heading the Transfer Matching System.  
Lagos State Govt reacts to viral video of pupils singing the National Anthem in flooded school assembly ground
News

Lagos State Govt reacts to viral video of pupils singing the National Anthem in flooded school assembly ground

The Lagos State Government has reacted to a viral video of pupils singing the national anthem in their flooded school assembly ground. In a statement issued on Sunday, October 31, the Lagos State Ministry of Education said that the building had been demolished and is being built, adding that the video was taken months ago. "The school assembly viral on social media is a low cost private school in Makoko, Lagos State," the statement read. "The video was taken some months ago by a church that wanted to use the video to raise funds for the school. The building has been demolished and is being built. Lagos State authorities are sending officials there on Monday to ascertain level of progress. Thanks for your concerns" - HC Education
Lai Mohammed can’t win election in his ward in Kwara, Lagos is his home – Governor Abdulrahman Abdulrazaq
News

Lai Mohammed can’t win election in his ward in Kwara, Lagos is his home – Governor Abdulrahman Abdulrazaq

Governor Abdulrahman Abdulrazaq of Kwara state has said that Minister of Information and Culture, Lai Mohammed is of no political value in his ward in the North Central state. The Governor who has been at loggerheads with Lai Mohammed, in an interview with ThisDay also countered the Minister's claim of raising a major part of the funds for the 2019 elections in the state, which the APC won by a landslide. Abdulrazaq accused Lai Mohammed of hiding some of the donations from him and staying in Abuja, without knowing what was happening in Kwara during the election. He said; “Everything that was donated, Lai Mohammed did not declare to the party, or to me. Some were direct donations to me. “Some were sent to Kwara APC but there’s no governor, no minister. He was sitting there in...
Queen Elizabeth ‘is spending millions privately funding Prince Andrew’s fight against Virginia Giuffre sex assault lawsuit’
Lifestyle

Queen Elizabeth ‘is spending millions privately funding Prince Andrew’s fight against Virginia Giuffre sex assault lawsuit’

The Queen is reportedly spending millions of pounds funding Prince Andrew's fight against sex abuse allegations. The Duke of York is being sued in New York by Virginia Giuffre, now 38, who claims he sexually abused her on three separate occasions when she was 17 in London, New York and on billionaire paedophile Jeffrey Epstein's Caribbean island. Andrew, 61, has strongly denied the allegations. Her Majesty, 95, agreed to pay for the duke's legal defence last year shortly after his disastrous interview on BBC Newsnight, according to the Daily Telegraph. The duke last week expanded his American legal team to include Melissa Lerner alongside his lead counsel Andrew Brettler. Mr Brettler is thought to be charging the Duke around $2,000 (£1,476) an hour. The Queen will source f...
Real Madrid have enough money to buy Mbappe and Haaland next year – LaLiga president
Sport

Real Madrid have enough money to buy Mbappe and Haaland next year – LaLiga president

LaLiga president, Javier Tebas, has claimed Real Madrid have enough funds to buy both Kylian Mbappe and Erling Haaland next summer. Tebas stated this in an interview with Partidazo Cope on Monday. “Real Madrid have enough money to sign both Kylian Mbappé and Erling Haaland next summer,” he said. Los Blancos failed with several bids to land Mbappe from Paris Saint-Germain last month. The LaLiga giants tabled an initial £137million offer, which was quickly rejected. Madrid then increased their bid to £145m plus £9m in add ons, but this was also turned down by PSG. On transfer deadline, Madrid tried again with a final £189m bid and heard nothing from the Ligue 1 side. Haaland on the other hand will have a release clause of £68m next year. ...
Cows may cost N2m each if Lagos passes anti-grazing bill – Miyetti Allah
News

Cows may cost N2m each if Lagos passes anti-grazing bill – Miyetti Allah

The Miyetti Allah Cattle Breeders Association (MACBAN) has warned that the price of a cow could go up as high as N2 million if the Lagos State Government passes the proposed anti-open grazing law. Maikudi Usman who is the association’s zonal secretary for South-West gave the warning while speaking at the one-day public hearing organised by the state House of Assembly on the anti-open grazing bill in Lagos on Wednesday, September 8. According to Usman, ranching which is being proposed by the government is quite expensive when compared to open grazing. “If cattle are bred in one place, the price could go up to about two million naira each. We agreed with some local chiefs in other states that anyone who wants to rear cows in a location should register and should indicate when he i...
Dr. Dre sues ex-wife Nicole Young for allegedly Stealing Money from his Recording Studio Company
Celebs

Dr. Dre sues ex-wife Nicole Young for allegedly Stealing Money from his Recording Studio Company

Dr. Dre is taking his ex-wife Nicole Young to court for a fresh case after filing a lawsuit accusing her of 'embezzling' funds from his recording studio business. The 56-year-old rapper and producer is suing Young, 51, for allegedly taking money out of accounts for his Recording One music studio in Los Angeles' Sherman Oaks neighborhood, according to legal filings obtained by The Blast. Dre's lawsuit was filed after the judge overseeing his divorce ordered him in July to pay nearly $300,000 per month to his ex in spousal support for the foreseeable future. The legal filings indicate that Recording One was formed in 2015 to operate as a recording studio. Both Dre (who was born Andre Young) and his then-wife were in charge of 'maintenance and control' of the studio assets, an...
Court freezes N19bn linked to ex-Bank PHB MD, Francis Atuche
News

Court freezes N19bn linked to ex-Bank PHB MD, Francis Atuche

Justice Lateefat Okunnu of the Lagos State High Court in Ikeja has ordered the freezing of N19,178, 253,050 belonging to convicted former Managing Director of the defunct Bank PHB, Francis Atuche. The Judge gave the order following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC) on August 17, 2021. The funds, investigation showed, were domiciled in 24 different banks in Nigeria. EFCC counsel, Kemi Pinheiro (SAN) told the court that 15 persons and 22 firms were used by Atuche and his co-respondent, Ugo Anyanwu, a former Chief Financial Officer of the bank, to launder the funds. He named Anthony Atuche, Emeka Patrick Atuche, Paul Okobi, Felix Oyiana, Moruf Kazeem Adisa, Olatunji Abiodun, Daniel Enebeli, Aina Olugbenga, Augustine Nwabueze. T...
Heads to roll over 6 trillion naira misappropriation in NDDC, Buhari vows
News

Heads to roll over 6 trillion naira misappropriation in NDDC, Buhari vows

President Muhammadu Buhari has vowed that unscrupulous Nigerians involved in the misappropriation of six trillion naira pumped into the Niger Delta Development Commission NDDC would be made to cough out the missing funds. Buhari who received the Forensic Audit Report carried out on the commission lamented that over 13.777 projects awarded by those at the helms of affairs were abandoned. The President received the report through the Attorney General of the Federation AGF and Minister of Justice, Abubakar Malami. Buhari while receiving the report said no one indicted for shady deals in the NDDC would be spared no matter how highly placed. To demonstrate the federal government’s seriousness, the President ordered that the report be made available to the Federal Ministry ...
Buhari’s Government has Recovered Close to one N1trn Looted Funds – APC leaders
News

Buhari’s Government has Recovered Close to one N1trn Looted Funds – APC leaders

Leaders of the ruling All Progressives Congress (APC) have said that the Buhari-led administration has recovered close to N1 trillion worth of stolen funds and assets, since assuming office in 2015. The claim was made in a statement released on Thursday September 2, by former National Publicity Secretary of the APC, Mr. Lanre Issa-Onilu; member of the APC Caretaker/Extraordinary Convention Planning Committee, Barr Ismail Ahmed, Presidential Aide, Mr. Tolu Ogunlesi; and Director-General of the Progressives Governors’ Forum, Salihu Lukman. Reiterating that the Buhari administration is also focused on ensuring that taxes and other debts owed the federal government were recovered in full, the APC leaders under the aegis of APC Legacy Awareness and Campaign added that all final forfei...
Ugbo completes £6m transfer from Chelsea to Genk as Lokomotiv Moscow make move for wonderkid Anjorin
Sport

Ugbo completes £6m transfer from Chelsea to Genk as Lokomotiv Moscow make move for wonderkid Anjorin

The Blues are selling more homegrown talent to possibly fund a big money signing in the last week of the transfer window Chelsea are raising more funds through player sales with Genk having signed Ike Ugbo for £6 million ($9m) as Lokomotiv Moscow make an approach for Tino Anjorin. Ugbo saw his transfer to Belgium delayed after an approach from Marseille, but they couldn't come to an agreement with the Blues. Genk will pay an initial £3m ($4m) but Chelsea can earn up to £6m should all the add-ons be met, and they will earn 20 percent of any future sale.
Lionel Messi: PSG put five players up ‘for sale’ [Full list]
Sport

Lionel Messi: PSG put five players up ‘for sale’ [Full list]

Paris Saint-Germain have put at least five players up for sale in a bid to raise funds following the signing of Lionel Messi from Barcelona. According to French outlet, Le Parisien, the five players PSG wants to sell this summer are Julian Draxler, Pablo Sarabia, Rafinha Alcantara, Layvin Kurzawa and Thilo Kehrer. Mauricio Pochettino’s side wants to trim their squad after spending a lot of money to sign five new players, including Messi, this summer. Messi joined former Real Madrid captain Sergio Ramos, Italy goalkeeper Gianluigi Donnarumma, former Liverpool midfielder Georginio Wijnaldum and Inter wing-back Achraf Hakimi in moving to PSG this summer. The Argentine captain left Barcelona for PSG this summer after he was unable to sign a new contract at Camp Nou ...
EFCC arrests two for allegedly diverting N21.5m raised for cancer patient who later died
News

EFCC arrests two for allegedly diverting N21.5m raised for cancer patient who later died

The Kaduna Zonal Command of the Economic and Financial Crimes Commission has arrested the duo of Michael Yusuf Michael and Martha Daniel, promoters of MYM123CARE, for allegedly obtaining money by false pretense. A statement released by EFCC said the suspects were arrested following a petition alleging that they solicited funds from the general public through the Foundation on the pretext of providing aid to the needy, but converted the proceeds to personal use. ''Investigation revealed that on 22nd March 2021, Yusuf Michael posted a video of a woman with breast cancer and solicited for donations from public-spirited individuals who responded by donating money into MYM123CARE’s account domiciled in a first-generation bank. The account which was in the red, had by March 26, 2021 reco...
EFCC arraigns BDC operator for alleged N197m fraud in Kano
News

EFCC arraigns BDC operator for alleged N197m fraud in Kano

The Economic and Financial Crimes Commission (EFCC) in Kano State has arraigned Yusuf Yakubu before Justice Sanusi Ma’aji of the Kano State High Court on a one count charge of misappropriation. The defendant allegedly obtained the sum of $870,000 from the complainant under the pretext of changing same to Naira. He later returned only N220,300,000 and diverted the balance of N197,600,000. The funds belong to Oliver Ogokumaka and Obumnemi Okoli. Yakubu’s offense was contrary to section 308 and punishable under section 309 of the Penal Code. The defendant pleaded not guilty when the charges were read. Counsel for the prosecution, Musa Isah asked the court for trial date. Defence counsel, Abdul Adamu said he had filed a motion challenging the jurisdiction. Justice Ma’aj...
EFCC Interrogates Ex-Senate President, Bukola Saraki over corruption allegations
News

EFCC Interrogates Ex-Senate President, Bukola Saraki over corruption allegations

The Economic and financial crimes commission today July 31 invited and is currently interrogating former Senate President, Bukola Saraki. Saraki, who is a former governor of Kwara state, was invited for questioning over allegations of misappropriation of funds and money laundering. He arrived at the commission's office at about 2pm and is currently being interrogated. It is not clear if he will be detained overnight. As senate president between 2015 and 2019, Saraki spent a considerable time facing allegations of corruption and false declaration of assets. He was acquitted by the Supreme Court in June 2018.
Man City Puts up Sterling, Mahrez, seven other players for sale [Full list]
Sport

Man City Puts up Sterling, Mahrez, seven other players for sale [Full list]

  Manchester City winger, Raheem Sterling, is among nine players up for sale at Etihad this summer, The Athletic reports. Other players up for sale are Riyad Mahrez, Aymeric Laporte and Gabriel Jesus. The rest of the players on the list are Bernardo Silva, Lukas Nmecha, Pedro Porro, Yangel Herrera and Ivan Ilic. Man City are keen to sell the players this summer in a bid to raise funds to sign Tottenham Hotspur striker, Harry Kane and Aston Villa’s Jack Grealish. Both Kane and Grealish are likely to cost a combined fee in excess of £200million. Man City wants to bolster their squad under Pep Guardiola ahead of the 2021/22 season after winning the Premier League title last season.
Liverpool reject £8.5m offer to sign Kabak from Schalke
Sport

Liverpool reject £8.5m offer to sign Kabak from Schalke

The Reds were not interested in bringing back the defender, who was on loan at Anfield for the second half of 2020-21 Liverpool have turned down the chance to sign former loanee Ozan Kabak from Schalke for just £8.5 million ($11.75m), Goal has learned. The Reds were offered the Turkey international, who spent the second half of last season at Anfield, with Schalke desperate to raise funds and cut their wage bill following their relegation from the Bundesliga. But Liverpool’s stance, for now at least, has not changed, and sources say it is unlikely to do so before the end of the summer transfer window.
Chelsea billionaire owner, Roman Abramovich ‘releases funds for the club to sign Erling Haaland for £150m
Sport

Chelsea billionaire owner, Roman Abramovich ‘releases funds for the club to sign Erling Haaland for £150m

Roman Abramovich has reportedly handed Chelsea the funds to go and get Borussia Dortmund star striker Erling Haaland this summer for £150million. The 20-year-old Norwegian, who scored 41 goals in 41 matches last season for the German side, would follow England international Jadon Sancho, who is joining Manchester United for £73million. According to BILD, Abramovich has released the money for Chelsea to sign Haaland this summer but will need to offload some attacking stars in order to get the deal over the line. The report claims attacking trio Callum Hudson-Odoi, Tammy Abraham, and Hakim Ziyech are just some of the players that face the chop at Stamford Bridge should the west Londoners steal a march in the race for Haaland. Hudson-Odoi, who nearly left the club to join ...
‘We are at the final stages’ – Hakimi transfer to PSG will be completed in 24 hours, says Inter CEO Marotta
Sport

‘We are at the final stages’ – Hakimi transfer to PSG will be completed in 24 hours, says Inter CEO Marotta

The Moroccan star will leave the Serie A champions after spending just one season with the club Inter CEO Giuseppe Marotta has confirmed wing-back Achraf Hakimi will be a PSG player within the next 24 hours. Hakimi only joined Inter last summer from Real Madrid, and the Moroccan helped the club lift the 2020-21 Serie A title in his first season with the club. However, amid Inter's financial difficulties, the club has been forced to sell Hakimi to raise funds.
Alleged N900m fraud: ICPC rejects ex-JAMB Registrar, Ojerinde’s plea bargain in court
News

Alleged N900m fraud: ICPC rejects ex-JAMB Registrar, Ojerinde’s plea bargain in court

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) will, on July 6, arraign Professor Dibu Ojerinde, former Registrar, Joint Admissions and Matriculation Board (JAMB), at the Federal High Court, Abuja, for alleged N900 million fraud. Justice Obiora Egwuatu fixed the date on Monday, after Ebenezer Shogunle, the counsel to ICPC, disagreed with the terms of the plea bargain application the defence counsel, P.A.O. Olorunnisola, SAN, had planned to file before the court. Recall that the operatives of the anti-corruption commission had, on March 15, arrested the former chief executive officer on allegations bordering on misappropriation of funds. The commission said that Ojerinde allegedly committed several frauds while heading JAMB and the National Examinati...
Suit seeking to stop appointment of Appeal Court Judges struck out
News

Suit seeking to stop appointment of Appeal Court Judges struck out

Justice Inyang Ekwo of the Federal High Court in Abuja on Friday struck out a suit seeking to stop the appointment of 18 new Justices for the Court of Appeal. Justice Ekwo threw out the case on the grounds that it lacked merit in law and in substance. Delivering judgment in the public interest suit, the Judge held that the body that instituted the case has no power under the law to file a public interest case. Justice Ekwo said the plaintiff having been registered as a non-governmental body to raise funds for charity only in law cannot go outside its mandate to dabble into issues of public interest litigation. Details soon …
Spain pardons 9 imprisoned Catalan leaders for their roles in failed secession attempt
News

Spain pardons 9 imprisoned Catalan leaders for their roles in failed secession attempt

Spain's Prime Minister, Pedro Sanchez has pardoned nine leaders serving prison sentences for their roles in Catalonia's failed secession attempt, the European nation has announced. Catalonia is the wealthy, restive northeastern region of Spain whose capital is Barcelona. For decades many of its citizens have clamored for independence from Spain, causing rift in the region. The pardons, approved by the Spanish cabinet and announced at a news conference, made good on recent promises by Prime Minister Pedro Sánchez to reconcile with a separatist movement that in 2017 rocked Spain with an independence referendum.   Spain’s courts declared the vote illegal and the government ordered a crackdown, confiscating ballots and even sending in riot squads to beat many who tried to v...
Can anybody tell me why APC should not win next election? – Governor Hope Uzodinma asks
Politics

Can anybody tell me why APC should not win next election? – Governor Hope Uzodinma asks

Nigerians to give reasons why the All Progressives Congress (APC) should not win the 2023 general elections in the country. Addressing newsmen after a meeting with President Muhammadu Buhari on Tuesday June 8, the Imo state Governor claimed that no one has come in concrete terms to accuse the Buhari-led administration of failure. Uzodinma also alleged that part of the problem this government is facing is the deliberate attempt by some group of people to pull it down. He said; "Part of the problem of this government is the deliberate attempt by some group of people to pull (it) down. “Because nobody is telling me that this government is not performing, that salaries are not being paid or that the roads are not being constructed or the railway is not going or the various i...
Chelsea to Sell 10 Players [Full list]
Sport

Chelsea to Sell 10 Players [Full list]

  Chelsea defender, Kurt Zouma, is among ten players up for sale at Stamford Bridge this summer transfer window, The Athletic reports Other players up for sale are Fikayo Tomori, Olivier Giroud and Tammy Abraham. The rest of the players on the list are Ross Barkley, Emerson Palmieri, Tiemoue Bakayoko, Danny Drinkwater, Davide Zappacosta and Michy Batshuayi. Chelsea are keen to sell the players this summer in a bid to raise funds for their manager, Thomas Tuchel, to sign new players. Tuchel led Chelsea to secure their second Champions League title last Saturday night thanks to a 1-0 victory over Premier League champions Manchester City. The German has already shortlisted the names of six players he wants the club to sign this summer. The former PSG manager also...
NDLEA Uncovers N30bn Slush Funds
News

NDLEA Uncovers N30bn Slush Funds

The chairman of the National Drug Law Enforcement Agency, Buba Marwa, has revealed that the NDLEA is currently investigating N30bn slush funds believed to be proceeds of drugs. He disclosed this in Abuja on Monday, May 31, while giving commendation letters to 45 outstanding officers as well as the best performing commands award for the months of March and April 2021. Marwa said the agency’s offensive action would not stop until the nation’s streets, communities, towns, and cities had been cleaned up of any remnant of illicit drugs. He said: “While we keep up the offensive in the field, the leadership of the agency will daily continue to work out effective strategies and tactics to sustain the momentum. “That is why we’ve strengthened our Directorate of Assets and Financial ...
Foreign Countries Should Refund Stolen Funds with Interest – ICPC
News

Foreign Countries Should Refund Stolen Funds with Interest – ICPC

Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Bolaji Owasanoye has said foreign countries should refund stolen funds with interest. Owasanoye who said this at the International Conference on IFFs and Asset Recovery held at the ICPC Headquarters in Abuja, further revealed that the Federal Government of Nigeria is currently reviewing legacy transactions in oil and gas, tax investments and the use of waivers in Nigeria in order to curb Illicit Financial Flows (IFFs). The ICPC boss also told foreign beneficiaries of IFFs to deduct loans to African countries from the illegal funds in their possessions, and return the outstanding amount with interests to the continent. He said;   “Africa is the biggest victim of IFFs. If you eva...
FG Receives €4.2m James Ibori loot
News

FG Receives €4.2m James Ibori loot

The British Government has formally paid the £4,214,017.66 looted funds recovered from family members and associates of former Delta State Governor, James Ibori. A statement released by Umar Gwandu, spokesperson of the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, said that as at May 10, the naira equivalent of the looted funds has been paid into an account designated for that purpose by the Federal Government. “Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN signed Memorandum of Understanding for the repatriation of the Ibori loot on behalf of the Federal Government of Nigeria. The development, according to Malami, was a demonstration of the recognition of reputation Nigeria earns through records of managemen...
I Became Poorer as Imo governor – Senator Okorocha says
News

I Became Poorer as Imo governor – Senator Okorocha says

Senator Rochas Okorocha, representing Imo West Senatorial District, has said he became poorer after spending eight years as governor of Imo state. Okorocha said this when he appeared as a guest on Channels Television’s Sunday Politics on Sunday, May 16. According to the former governor, people seem to have forgotten so easily that he was a successful person before becoming governor in 2011. Okorocha also dared anyone to come forth with evidence that he is corrupt and mismanaged Imo State funds while in office. “I challenge anybody to prove that I acquired any property with any government fund. I think people have forgotten that I was Rochas before becoming the governor of Imo State; I think they have forgotten completely. If anything, becoming a governor made me even poorer t...
“Save your Money for TikTok Costumes” Yomi Fabiyi tells Iyabo Ojo after She Sued him for Defamatory Publication
Lifestyle

“Save your Money for TikTok Costumes” Yomi Fabiyi tells Iyabo Ojo after She Sued him for Defamatory Publication

Yomi Fabiyi is not fazed by the legal documents Iyabo Ojo filed against him. The actor had alleged that Iyabo Ojo and Princess "promised to kill Baba Ijesha if released on bail" after he was detained for allegedly sexually molesting Princess' underaged daughter. In response, Iyabo's lawyers sued him, asked him to retract the statment, apologize, and pay 100 million Naira in damages. Reacting to the lawsuit, Yomi reshared the same defamatory post that brought about the suit and told Iyabo that he doesn't dignify everyone with a response. He wrote: Ignore any unnecessary CIVIL SUITS attached to my name, I don't dignify everybody with a response. Not even a non-criminal suit that lack merits and grounds. I don't have time to waste walai. Your lawyer will never tell you how ma...
EPL: Mikel Arteta to Offload Six high-profile Players
Sport

EPL: Mikel Arteta to Offload Six high-profile Players

  Arsenal will offload six high-profile players from the club this summer as they prepare to spend big on new players. Goalkeeper, Bernd Leno is top on the list of players who are up for sale, according to Football.London. This follows a miserable season by Mikel Arteta’s side, with the club sitting in ninth place in the Premier League table and likely to miss out on European football for the first time in over 25 years. The Gunners board are prepared to spend big in an ‘unprecedented’ transfer window and will trim a bloated squad and raise funds. Football.London reports that Arteta has now put six players on the chopping block all of whom the club hope to receive sizeable fees for. The other players in Arteta’s list include, right-back Hector Bellerin, Lucas Tor...
Thierry Henry Confirms Plans to Buy Arsenal From Kroenkes
Sport

Thierry Henry Confirms Plans to Buy Arsenal From Kroenkes

  Thierry Henry has confirmed that Spotify owner, Daniel Ek, has “reached out” to the Kroenkes, to table an offer to buy Arsenal. Ek is expected to make a bid of around £1.8bn for the Gunners before the end of the week. He is confident Kroenke will listen to the offer and has the full backing of Henry and other Arsenal legends like Patrick Vieira and Dennis Bergkamp. Henry, speaking on Monday Night Football, said: “I know a lot of people wanted to hear about [the takeover]. “It is true. Daniel is an Arsenal fan. He did not say it for any publicity. He has been an Arsenal fan for a very long time. “He already reached out [to the Kroenkes] and already said himself that he had collected the funds to make sure that he can put in a good bid. He added: “I think it i...
Why CBN Sacked First Bank Board — Emefiele (Full Text)
Business

Why CBN Sacked First Bank Board — Emefiele (Full Text)

GOVERNOR’S STATEMENT ON THE PURPORTED MANAGEMENT CHANGE AT THE FIRST BANK OF NIGERIA LTD 1.0 Good afternoon ladies and gentlemen. 2.0 The media has been awash with commentaries on the purported management changes at First Bank of Nigeria Ltd (FBN) and the related regulatory inquiry by the Central Bank of Nigeria (CBN) to the Board of First Bank of Nigeria Limited. It has therefore become necessary for me to address the public to clear any misconceptions. 3.0 Ordinarily the board is vested with the authority to make changes in the management team subject to CBN approval. However, the CBN considers itself a key stakeholder in management changes involving FBN due to the forbearances and close monitoring by the Bank over the last 5 years aimed at stemming the slide in the going co...
Spotify Owner’s Bid To Take Over Arsenal Is Now “Very Serious”
Sport

Spotify Owner’s Bid To Take Over Arsenal Is Now “Very Serious”

Spotify founder Daniel Ek says his proposed Arsenal takeover is "very serious" and that he has secured funds for a deal. Amid last week's fallout from the European Super League collapse, Ek said he was interested in buying the club. Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira have joined his bid but owners Stan and Josh Kroenke say they do not want to sell. Ek wants to bring a compelling offer and hopes the Kroenkes "hear me out". "I have secured the funds for it and I want to bring a very compelling offer to the owners and I hope they hear me out. "I certainly didn't expect this will happen overnight and I am prepared for this to be a long journey." Swedish billionaire Ek first signalled his interest in the club following protests by Gunners fan...
Abia Govt not Starving Us of Funds – Enyimba Football Club
Sport

Abia Govt not Starving Us of Funds – Enyimba Football Club

The management of Enyimba Football Club has dismissed the report alleging that the Abia State Government had refused to fund the club for years. DAILY POST learnt that a publication by an online platform recently alleged that the Abia State Government had “starved Enyimba, Nigeria’s most successful club side, of funds in the past year”. Reacting, in a statement issued and made available to DAILY POST on Monday, the Chairman of the club, Felix Anyansi Agwu described the report as a “monstrous falsehood” meant to damage the image of the club and the Abia Government. He demanded the withdrawal of the report, stressing that the state government has been supportive in issues regarding the club. The statement reads in part: “If there is one state with a government that supports f...
“Not all Girls with Huge Instagram Accounts have Sugar daddies” Uriel Oputa write in reaction to rapper, The Game’s post
Lifestyle

“Not all Girls with Huge Instagram Accounts have Sugar daddies” Uriel Oputa write in reaction to rapper, The Game’s post

Uriel Oputa took to Instagram to disagree with a post made by American rapper, The Game. The Game told men without money to "get a regular chick with 231 followers & blurry pics" and stop going after "a popping chick on IG". He said the "popping chicks" are funded by a "nigha that's not in the pic" Reacting, Big Brother Naija reality star, Uriel Oputa said The Game "needs to stop with his stereotypical talks". She added that not every woman with a huge Instagram account has a sugar daddy. She then used herself as an example of someone who funds her business herself. Read her post below.
NDDC Is Broke, We Need More Funds – Akpabio
Politics

NDDC Is Broke, We Need More Funds – Akpabio

The Minister of Niger Delta Affairs, Senator Godswill Akpabio, has asked for more funds for the Niger Delta Development Commission (NDDC) which he said is broke. The commission was in the news towards the end of last year over allegations of corruption running into billions. At a public hearing of the national assembly, Akpabio had accused federal lawmakers of being beneficiaries of corruption. But speaking on Friday at the NDDC Strategic Capacity Building Workshop in Uyo, Akwa Ibom State capital, Akpabio said the funding system is poor because budgetary provision for the commission is staggered and does not come as and when due. The minister, who called for an amendment to the laws establishing the agency if need be, said he was determined to leave the NDDC better than how...
People are Using Resources they made from Kidnapping for Insurgency in North East – Governor Fayemi
News

People are Using Resources they made from Kidnapping for Insurgency in North East – Governor Fayemi

Governor Kayode Fayemi of Ekiti state has said that there is a direct correlation between insurgency in the north-east, and banditry in the north-west and kidnapping in the south-west. The chairman of the Nigerian Governors Forum (NGF) who said that President Buhari will approach the national assembly for funds to procure more equipment for the armed forces, alleged that people behind banditry and kidnapping are using the money they made from the criminal activities to fund insurgency in the North-East. Fayemi said; “I can tell you, and I don’t think I’ll be breaching any confidence, that one of the good news I came away with, from the President now on this issue is that he’s already informed the National Assembly that they will be receiving a special request from him on procure...

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/gqbzggmy/public_html/wp-includes/functions.php on line 5107