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August 17, 2023 Court Strikes Out FG’s Firearms Charge Against Emefiele

Court Strikes Out FG’s Firearms Charge Against Emefiele

The Federal High Court in Lagos has dismissed the illegal possession of firearms charges brought against the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, by the Federal Government.

Justice Nicholas Oweibo decided on Thursday in response to the Director of Public Prosecutions (DPP) Mohammed Abubakar's application to withdraw the two-count charge.

Abubakar's decision to withdraw the charges was based on Section 108 of the Administration of Criminal Justice Act (ACJA), 2015.

In defence, Emefiele's counsel, J.B. Daodu, argued that the prosecution's withdrawal of the charge should be contingent on the government's adherence to the court's July 25 ruling, which granted Emefiele bail in the sum of N20 million.

In his ruling, Justice Oweibo approved the Federal Government's request for withdrawal. However, he expressed strong criticism of the Government's behaviour, stating;

"The prosecution's actions have demonstrated a lack of respect for the rule of law. Keeping the case on the court's docket while showing disrespect to the court serves no purpose."

So, the charge was dismissed because of insufficient investigation.

August 17, 2023 Davido To Release ‘Unavailable’ Remix With US Rapper Latto

Davido To Release ‘Unavailable’ Remix With US Rapper Latto

Nigerian Music Star Davido Set to Drop Remix of 'Unavailable' Featuring Rapper Latto

Davido, the acclaimed Nigerian music sensation, is gearing up to unveil a remix of his chart-topping track 'Unavailable,' originally featured on his Timeless album.

This exciting rendition features popular American Rapper Latto and is scheduled for release on Friday, August 18, 2023.

Davido took to Twitter to confirm the news, sharing a video that offers a glimpse into the creative process behind the remix, with both Davido and Latto captured during their collaborative songwriting efforts.

In anticipation of the official announcement, Latto teased fans with images of herself alongside Davido on Twitter, accompanied by the caption "Let me cook," generating heightened excitement.

'Unavailable' originally achieved viral success as part of Davido's 'Timeless' album.

Released on March 31, the album has already amassed over a billion streams on various platforms, including Spotify, Apple Music, Audio Mack, YouTube, and Boom Play.

August 17, 2023 NNPC Obtains $3 Billion Loan To Support Naira Stability

NNPC Obtains $3 Billion Loan To Support Naira Stability

The Nigerian National Petroleum Company (NNPC) Limited has obtained a $3 billion Emergency Crude Repayment Loan from Short-Import Bank (AFREXIM Bank).

 In a concise announcement, NNPC revealed that the commitment letter for the loan was executed at the headquarters of AFREXIM Bank in Cairo, Egypt. This strategic move is intended to support the Federal Government's ongoing fiscal and monetary reforms, focusing on stabilising the exchange rate market.

This development follows closely after the acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, affirmed the CBN's plans to enhance liquidity in the foreign exchange market. Shonubi shared that he had engaged in discussions with President Tinubu, who expressed concerns about market dynamics and their repercussions on the populace.

Shonubi emphasised that the fluctuations in the market are largely fueled by speculative demand. He expressed confidence that the imminent measures to be enacted by the CBN will substantially impact the market.

In his nationwide address on July 31, President Tinubu stated that his administration is diligently monitoring the effects of exchange rates and inflation on Premium Motor Spirit (PMS) prices (commonly known as petrol). He assured that interventions would be made when deemed necessary.

August 17, 2023 Manchester City Triumphs Over Sevilla to Secure Super Cup Victory

Manchester City Triumphs Over Sevilla to Secure Super Cup Victory

Manchester City added the UEFA Super Cup to the Treble they claimed last season with a victory over Sevilla on penalties in Athens.

Pep Guardiola's Champions League winners lost the Community Shield to Arsenal in a shootout but saw their fortunes transformed when Sevilla's Nemanja Gudelj hit the bar after nine successful penalties.

City had to come from behind in an entertaining encounter to force penalties after a towering header from Youssef En-Nesyri put the Europa League holders ahead on 25 minutes.

Sevilla goalkeeper Bono and his Manchester City counterpart Ederson both excelled with fine saves before man-of-the-match Cole Palmer rose at the far post in the 63rd minute to level with a looping header from Rodri's cross.

City belatedly improved as the game headed towards the final whistle and almost won in stoppage time when Nathan Ake forced a sharp save from Bounou.

But City got the win they craved when Nemanja Gudelj missed the decisive penalty of the shootout, striking the bar and handing Pep Guardiola a record-equaling fourth Super Cup.

It set up the tense finale, resulting in another piece of silverware added to Guardiola's vast collection.

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