News

Nigerians Using Naira To Buy Dollars Will Be Arrested; it’s Illegal – CBN

Published

2 years ago

July 20, 2022

“For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication of that,” Godwin Emefiele, CBN governor, said Tuesday at the Monetary Policy Committee (MPC) meeting in Lagos.

Reading the riot act to bank customers, Mr Emefiele urged Nigerians illegally exchanging naira for dollar to stop, adding that the apex bank would conduct investigations and bar those found culpable from conducting transactions in Nigerian banks.

Mr Emefiele disclosed the apex bank’s monitoring of customers and banks, warning that the CBN would sanction banks caught in illegal transactions.

“We will conduct investigations, and we will have proof, and you will not be able to conduct transactions in any Nigerian bank. We will place ‘post no debit’ on the defaulting customer’s account. It is a very injurious tool to stop you from conducting illegal flows, either domestic or foreign currency,” added the CBN governor.

News

BREAKING: Lawmakers Impeach Lagos Assembly Speaker Obasa

Published

4 hours ago

January 13, 2025

lagoslately

JUST IN: Lawmakers Impeach Lagos Assembly Speaker Obasa

Lagos Assembly Speaker Mudashiru Obasa has been impeached by 32 members of the State House of Assembly.

This development comes amid allegations of corruption and financial mismanagement against the speaker.

According to reports, the embattled Speaker was impeached for gross misconduct and abuse of office.

Obasa has been accused of spending N17 billion on a gate to the assembly complex, which critics argue is excessive and fraudulent. There have also been allegations of mishandling constituency funds and projects.

Obasa who represents Agege State Constituency I in 2007 has been reelected four times in 2011, 2015 2019 and 2023. He was first elected Speaker in 2015.

Members of the Assembly immediately elected Mojisola Meranda representing Apapa I State Constituency as the new Speaker.

Details later…

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Ibadan Stampede: Court Reveals Date to Hear Oriyomi, Naomi, School Principal’s Bail Application

Published

5 days ago

January 8, 2025

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Oyo High Court has revealed plan to decide on bail applications filed by ex- Queen Naomi Silekunola, Alhaji Oriyomi Hazmat and Fasasi Abdulahi on Monday, 13th January, 2025.

The court commenced the hearing of the bail applications filed by Hamzat, Naomi, and Fasasi on Tuesday amid tight security.

Counsels to the suspects had filed summon of Application for bail before the court.

Their applications were heard at Oyo state High Court, Court 8, Ringroad, Ibadan on Tuesday.

Justice K.B. Olawoyin after listening to the submission and arguments of the Counsels at the points of law adjourned the ruling on the bail application till Monday, 13th January, 2025.

The suspects are currently being remanded at the Nigerian Correctional Centre Agodi on Holden charge.

The suspects were represented in the Court by Alhaji Waheed Olajide, Musibau Adetunmbi, (SAN) and Adekunle Soba loju, (SAN).

News

FG Raises Duty Tour Allowances, Others for Public Officials

Published

4 weeks ago

December 16, 2024

lagoslately

The Federal Government has approved an upward review of allowances for officers in public service.

Some of the allowances under review include Duty Tour Allowance, transport allowances, uniform allowances, and overtime allowances.

The decision was reached at the 46th meeting of the National Council on Establishment, chaired by the Head of the Civil Service of the Federation, Didi Walson-Jack.

The NCE, which serves as the highest policy-making body for public service matters, is chaired by the Head of the Civil Service of the Federation and includes the Heads of Service from the 36 states and the Federal Capital Territory.

The meeting was preceded by a two-day technical session chaired by the Permanent Secretary, Service Policies and Strategies Office.