Author: The Nation

  • Tinubu’s biopic, “Last Man Standing”, to premiere June 12 in Lagos

    Tinubu’s biopic, “Last Man Standing”, to premiere June 12 in Lagos

    A biopic of President Bola Tinubu, titled “Last Man Standing”,  will premiere in Lagos on June 12.

    Seun Oloketuyi, Managing Director of Ultimate Communications, in a statement on Saturday in Lagos said the film follows the life of Tinubu during his time as governor of Lagos State.

    The News Agency of Nigeria (NAN) reports that following the successful premiere in Abuja, the movie will premiere in Lagos with Gov. Babajide Sanwo-Olu as host, with a selected number of businessmen and politicians who will watch with him at a soon-to-be announced venue.

    Read Also: NBA tasks Tinubu on justice system reforms

    The movie stars Lateef Adedimeji, who plays the role of Asiwaju, and other actors including Gbenga Adeyinka, Jide Kosoko, Madam Kofo, Shushu Abubakar, Segun Arinze, Sam Olatunji and many others.

    At the May 26 premiere of the movie in Abuja, Sen. Barau Jibrin, Chairman, Senate Committee on Appropriation, said Nigerians should be grateful to the producers for their efforts to document history for the youth.

    Jibrin said doing this would motivate and inspire a lot of politicians and young people. 

    (NAN)

  • Traders protest as FCDA demolishes UTC market’s perimeter fence

    Traders protest as FCDA demolishes UTC market’s perimeter fence

    Traders in the popular UTC market at Area 10 in the Federal Capital Territory (FCT) are protesting the demolition of the market’s perimeter fence by the FCT Administration Department of Development Control.
    The market is barricaded with heavy armed men stopping traders from accessing their goods.

    Read Also: Lagos traders elect leaders 

    A trader, Tony Oluchukwu who spoke to our correspondent, said 

    officials of Development Control stormed the market as early as 7 this morning.

    FCDA officials have demolished its perimeter fence in preparation to pull down the entire complex.

  • EFCC grills ex-Ekiti Gov Fayemi

    EFCC grills ex-Ekiti Gov Fayemi

    The Economic and Financial Crime Commission (EFCC) on Thursday in Ilorin grilled ex-Ekiti Governor Kayode Fayemi for alleged N4 billion fraud.

    Ilorin zonal office of the anti-graft agency was said to have in a letter dated May 12 invited the former Governor to its office on May 18 over allegations bordering on money laundering and misappropriation of public fund.

    Read Also: Stop comparing me with Fayemi, Oyebanji tells Ekiti people

    EFCC source said the former Governor asked for time to honour the invitation.

    It added that Dr. Fayemi arrived at the EFCC facility around 10am and was drilled by its operatives.

    The source said that “EFCC is interrogating the former governor over allegations of misappropriation of N4 billion and money laundering”.

  • JUST IN: EFCC quizzes Fayemi over alleged N4bn fraud, money laundering

    JUST IN: EFCC quizzes Fayemi over alleged N4bn fraud, money laundering

    The Economic and Financial Crimes Commission (EFCC) has quizzed former Governor of Ekiti, Dr Kayode Fayemi, over alleged money laundering and misappropriation of N4 billion.

    A source close to the anti-graft agency said that  Fayemi arrived at the EFCC facility at about 10.am on Thursday and was drilled by the its operatives.

    The source said that the ex-governor was at the zonal command of the anti-graft agency located on Oko Close, Off Station Road, Ilorin in Kwara for interrogation over an alleged fraud.

    According to the source, EFCC is interrogating the former governor over allegations of misappropriation of N4 billion and money laundering.

    The probe is said to be connected to the handling of funds during his tenure as governor of Ekiti.

    Read Also: Speakership race: Stop heating up polity, Fayemi cautions Ekiti lawmakers-elect

    Fayemi was governor of the state from 2018 to 2022 and handed over to Gov. Biodun Oyebanji in June 2022.

    The Anti-graft agency had in a letter dated May 12 invited the former governor to appear in its Kwara office on May 18 over allegations bothering on money laundering and misappropriation of public fund.

    The commission in a letter by ACE 1 Michael Nzekwe stated “the commission is investigating a case of money laundering in which there is need to seek certain clarification from you has become imperative.

    “In view of this, you are kindly requested to come for an interview with the undersigned through the head, Economic Governance Section. Thursday, May 18, 2023. No. 10 Oko close, off Station Road, GRA, Ilorin, Kwara. Time: 10: 00 hours.”

    The former governor had, however, written the commission seeking to delay his invitation over the allegation.

    Responding through his lawyer, Adeola Omotunde, in a letter dated May 15, Fayemi said he was one of the organisers and a reviewer of one of the books published in President Buhari’s honour.

    “Our client is in receipt of your letter of invitation dated 12th May 2023 for an appointment on Thursday, 18th of May, 2023.

    “Our client is one of the organisers of the programme and will review one of the books,” the letter read in part.

    It is believed that the anti-graft agency gave heed to the request of the former governor but immediately went into action after the presidential swearing-in.

    (NAN)

  • Tribunal: Onjeh petitions INEC chair over alleged concealment of electoral materials

    Tribunal: Onjeh petitions INEC chair over alleged concealment of electoral materials

    The All Progressives Congress (APC) 2023 senatorial candidate of Benue South, Comrade Daniel Onjeh, has petitioned the Independent National Electoral Commission(INEC) Chairman, Prof. Mahmud Yakubu, over what he termed concealment of sensitive electoral materials used for the February 25 poll in Benue South by some staff of INEC.

    In a three-page petition to the INEC chairman dated May 22, Onjeh stated the Hon. Justice Ory Zik-Ikeorha-led National/State Legislative House Election Tribunal holding in Makurdi, Benue State, had in its ruling on his ex parte motion challenging the outcome of the election granted an order permitting him, his lawyers and agents to conduct physical inspection and take photocopies of all the sensitive electoral materials used by INEC for the conduct of the election.

    Onjeh, who was APC’s candidate in the 2015 re-run election against former Senate President, David Mark, further wrote that when his team got to the INEC Local Government Offices at Oju, Obi, Otukpo, Agatu, Apa, Okpokwu, Ado and Ohimini Local Government Areas of Benue South, they realised for majority of the polling units which they were challenging the results in court, the ballot papers were not provided for inspection because they were not available.

    Read Also: INEC told to shun irregularities, corruption

    The former President of the National Association of Nigerian Students (NANS) and the West Africa Students’ Union (WASU) added that they were shocked to observe that the ballot papers for the conduct of the election across the local governments they had visited for inspection were either not available or all muddled up.

    He said because there were no Polling Unit Code Numbers on the ballot papers, they could not establish which ballot paper was used in any particular Polling Unit.

    “The findings from our inspection of the ballot papers are expected to avail us of sufficient evidence to present in court in defense of our claims of votes suppression and reallocation, unauthorized mutilations of election result sheets, non accreditation of Voters, amongst others; following which we may pray the Tribunal to order a recount of the ballot papers, or the Tribunal may suo motu order a recount of the ballot papers in the court, when the trial of the case commences formally on 3rd June, 2023,” Onjeh stated.

    Onjeh argued since they claimed his opponent in the People’s Democratic Party (PDP), Sen. Patrick Abba Moro, won the election, the original ballot papers used for the conduct of the election should not be produced in the open court.

    Onjeh further alleged that since the Tribunal had scheduled June 3, 2023 for sitting to commence the trial proper on his petition, which gives him barely eight days to close his case, it was clear from all that was playing out that INEC could be sabotaging his case because he needed to promptly conclude the inspection of the electoral materials to write his report and submit to the Tribunal to pave way for the recounting of the ballot papers in court.

    Onjeh, who was the immediate past Chairman of the Governing Board of Projects Development Institute (PRODA), Enugu, requested the INEC Chairman to direct the relevant INEC officials at the various Local Government Offices in Benue South to promptly reorganise all the ballot papers and other sensitive materials and to allow him and his team to have unfettered access to inspect them in line with the Order of the Tribunal.

    “Permit me to further state that the inspection of the sensitive electoral materials by me and my team must entail flipping through the various electoral materials, including ballot papers, to check for incidences of irregularities.

    ‘’It is not enough for INEC to enable us to only stare at the materials from a distance. We must be allowed to get close enough in order to establish the evidences that we are seeking to present to the court,” added Onjeh in the petition.

  • SDP backs Tinubu on fuel subsidy removal

    SDP backs Tinubu on fuel subsidy removal

    The Social Democratic Party (SDP) has backed  the current administration of President Bola Tinubu on the removal of fuel subsidy, describing it as a bold and positive step.

    The National Secretary, SDP, Dr Olu Agunloye made the remark in a statement issued in Lagos on Thursday.

    The News Agency of Nigeria (NAN) reports that President Bola Tinubu on May 29, after his swearing-in ceremony, announced the removal of pump price of petrol.

    Agunloye said the removal of fuel subsidy which, if well-handled, could impact positively on both the economic growth and development of Nigeria.

    The national secretary said Tinubu should put in place well thought out implementation policies, programmes and projects that would lead to complete deregulation process and multiple local refineries.

    Read Also: JUST IN: Tinubu meets Senate President, Speaker

    He said the government should also ensure general increase in national productivity and ultimate national competitiveness that would effectively engender significant increase in the well-being and welfare of the people within a short time.

    Agunloye said the party recognised that sometimes a nation needs to take tough decisions for its survival, and for Nigeria, the moment was here.

    He said: “We recognise subsidies as fiscal tools used by governments to foster economic development, usually to maintain prices of commodities or products at a particular level.

    “It is a design which, when properly deployed, becomes a tool for social justice in line with the SDP Manifesto.

    “We have noted that successive past nine Presidents of the Federal Republic over the past 37 years announced the removal of fuel subsidy but did not have the political will.

    “They do not have the determination to accomplish this but rather only multiplied the ills of the fuel subsidy making severe negative impacts on the economy and the people of Nigeria.

    “We have noted that for almost four decades, successive governments of Nigeria found something wrong with what necessitated the fuel subsidies but had kept making things worse and could not address the problems positively.”

    Agunloye said should any of these nine past governments of Nigeria had been an SDP government, it could have, based on its ideology of social justice, also addressed the root causes that necessitated these unsustainable subsidies in the petroleum industry.

    (NAN)

  • Rema pulls up at Barcelona’s training facility to see ‘brothers’

    Rema pulls up at Barcelona’s training facility to see ‘brothers’

    Afrorave pioneers recently visited the training facility of the Spanish La Liga club, Barcelona where he was spotted with some of the club’s stars.

    Born Divine Ikubor, the music star was gifted a white customised Barca jersey with his stage name, ‘REMA’ boldly crested on the back.

    He was spotted with Balde, Dembele, Kounde, Ansu Fati, and Kessie as they excitedly posed for a photo with Rema displaying his customized jersey.

    Read Also: Xavi clinches first La Liga trophy with Barcelona

    Sharing the photos via his Twitter handle, the 23-year-old Rave superstar called the football stars his brothers.

    He wrote: “Pulled up to see my brothers in training @FCBarcelona_es.”

    In January, the Spanish La Liga club used Rema’s song in their video as they arrived in Saudi Arabia ahead of their match against Real Betis.

    The video stirred excitement among many Nigerians who celebrated Rema seeing how the football stars’ employed his global hit song, ‘Calm Down’ to announce their arrival in the video.

  • FG will ensure development of oil host communities- NUPRC

    FG will ensure development of oil host communities- NUPRC

    The Federal Government(FG) has assured of its readiness to always ensure the all-round development of oil-producing host communities in the country as enshrined in the Petroleum Industry Act (PIA).

    Head of Nigeria Upstream Petroleum Regulatory Commission (NUPRC) Warri Regional Office, Olusegun Ogunnubi, gave the assurance in a statement on Thursday, in Warri, Delta State.

    He noted that the Host Community Development Trust fund (HCDT) created by the Petroleum Industry Act, gave the Commission the statutory obligation of ensuring the settlors, fund it for the concerned communities.

    “Through the Host Community Development Trust fund (HCDT), Nigeria Upstream Petroleum Regulatory Commission (NUPRC), will continue to ensure compliance from the settlors as regards their statutory responsibilities towards the concerned communities together in which 3% of their operating expenditure will be used to develop the communities,” he assured

    Read Also: FG postpones national award collection

    However, the NUPRC Regional Head asserted that if the concerned communities could not form a Trust Fund, the bulk of the funds would be used to develop projects defined by the communities.

    While commending stakeholders and communities in the state for their cooperation with the commission, he called for more support from the people of Ugborodo community, charging as well that the smooth-running of escravos operations must be ensured.

    Olu of Warri, Ogiame Atuwatse 111, assured of his readiness to always rally round the leadership of the NUPRC as led by the Chief Commission Executive, Engr. Gbenga Komolafe OFR FNSE, urging him and his team to see to the plight of the host communities.

    Atuwatse 111 made this known while playing host to the Head Warri Regional Office NUPRC and his team earlier in his palace at Warri.

    The monarch who called for transparency in their engagements with the people, stakeholders and the host communities, said he was optimistic that the NUPRC Warri Regional Office would succeed in its assignment.

    He urged the Commission to organize an enlarged parley of relevant stakeholders and the host communities for felt-needs assessment for the betterment of all.

  • Why we kicked out cryptocurrency- CBN

    Why we kicked out cryptocurrency- CBN

    The Central Bank of Nigeria (CBN) has explained how the interference of the private sector and the opacity of cryptocurrency forced it to put an end to the growth of cryptocurrency in the nation.

    Deputy Governor Economic Policy of the CBN Dr. Kinsley Obiora stated this in Abuja at the Business Session of the Fiscal Liquidity Assessment Committee (FLAC) retreat, organised by the CBN.

    Obiora said members of the private sector, fearing that the CBN’s decision to print more money will lead to hyperinflation decided to create cryptocurrency as a response.

    Over time the creators of cryptocurrency, he added, felt that central banks should not be left with the authority to do whatever they like with money.

    Read Also: CBN seeks fiscal, monetary sectors synergy for accelerated economic growth

    Fearing that such a mindset might cause inflation and reduce the purchasing power of households, the CBN Obiora said responded to what he called “the good aspect of that change because a lot of people actually took to cryptocurrencies”.

    Fed up with the antics of the cryptocurrency operators, Obiora said: “We kicked them out of our banking system because the opacity of the system is still a threat to financial system stability”.

    According to Obiora: “When the central bank started reacting to COVID with what we call printing money and responding to the crisis, a lot of people in the private sector felt that printing of money could lead to hyperinflation and these private sector people decided to respond by creating cryptocurrencies.

    “With the intensification of cryptocurrencies they felt that Central Bank cannot just be left with the authority to do whatever they like with money and that might cause inflation and reduce the purchasing power of households but again central banks needed to respond to what we might call the good aspect of that change because a lot of people actually took to cryptocurrencies”.