On Air Now:
Now Playing:Loading...
site loader
November 16, 2023 FG Reduces Charges Against Emefiele Strike Stalls Arraignment

FG Reduces Charges Against Emefiele Strike Stalls Arraignment

The Federal Government has revised and reduced the charges against the immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, from the initial 20 counts to six. The charges, originally centered on alleged procurement fraud, were filed in August, citing a purported fraud amount of N6.5 billion.

Emefiele, along with a female CBN employee, Sa’adatu Yaro, and her company, April 1616 Investment, had their arraignment before the High Court of the Federal Capital Territory, Abuja, delayed on two occasions. The Department of State Services' failure to produce Emefiele in court led to the stalling of proceedings. Subsequently, the charges were amended following his release by the DSS and his immediate re-arrest by the Economic and Financial Crimes Commission on October 27.

In the modified charge sheet marked CR/577/2023, viewed on Wednesday, the counts were reduced to six, and the alleged procurement fraud amount was decreased from N6.9 billion to N1.2 billion. Notably, Emefiele is now the sole defendant in the amended charges.

The scheduled arraignment on Wednesday faced disruption due to the ongoing strike by the Nigeria Labour Congress and Trade Union Congress. This nationwide strike was initiated following an assault on NLC President Joe Ajaero in Imo State on November 1. Workers at the court, adhering to the directive of the Judiciary Staff Union of Nigeria at the Federal Capital Territory High Court, joined the strike, suspending court proceedings.

In the amended charge sheet, the Federal Government alleges that Emefiele unlawfully acquired 43 vehicles between 2018 and 2020, amounting to N1.2 billion. Furthermore, the former CBN governor is accused of providing a corrupt advantage to Yaro by awarding a contract for the procurement of 37 Toyota Hilux vehicles valued at N854 million.

November 16, 2023 Labour Suspends Nationwide Strike After Meeting With FG

Labour Suspends Nationwide Strike After Meeting With FG

In a significant development, the leadership of organized labour has decided to suspend the ongoing nationwide indefinite strike initiated on Tuesday, November 14, 2023.

The announcement of the suspension came after a meeting between the National Executive Council of the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), and the National Security Adviser, Nuhu Ribadu, held on the evening of Wednesday, November 15, 2023. Commencing a few minutes past 7 p.m., the meeting lasted nearly an hour.

The National Deputy Vice President of the TUC, Tommy Etim, conveyed the decision to suspend the strike, citing the trust placed in the National Security Adviser. "The NEC of the NLC and the TUC have suspended the strike. We did this based on our trust in the National Security Adviser, Nuhu Ribadu, who gave us his words," Etim stated. Similarly, the General Secretary of the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employee (AUPCTRE), Comrade Sikiru Waheed, confirmed the development to journalists, expressing gratitude for the commitment of all involved in the industrial action.

The organized labor had resorted to the nationwide strike to compel the federal government to take decisive action following an incident in Imo State where NLC president Joe Ajaero was assaulted. Ajaero and other labor leaders staged a protest in Owerri, the Imo State capital, on November 1, rallying workers against the state government's alleged violation of their rights. However, security operatives intervened, leading to Ajaero being allegedly handed over to thugs who assaulted him.

The decision to suspend the strike followed a joint NEC session of NLC and TUC, considering the plea of the Federal Government during a meeting at the office of the National Security Adviser, Nuhu Ribadu. As a result, the labor movement directed workers to resume their official functions on Thursday, November 16, 2023.

The labor movement had made several demands to the Federal Government, including a nationwide strike and the dismissal of the Area Commander implicated in the attack against Ajaero. Last week, the NLC and TUC picketed the Nnamdi Azikiwe International Airport in Abuja, disrupting access and flights as a warning to the government. The strike, which began on Tuesday, paralyzed commercial activities nationwide.

The National Security Adviser later appealed to the labor leadership to de-escalate tensions, revealing that two suspects connected to the attack in Imo had been arrested.

November 15, 2023 Asake Releases Remix Of ‘Lonely At The Top’ Featuring H.E.R.

Asake Releases Remix Of ‘Lonely At The Top’ Featuring H.E.R.

Asake has collaborated with Grammy and Academy Award winner H.E.R on a remix of his chart-topping hit tune ‘Lonely At The Top’ to strengthen his dominance of the soundscape.

The remix, which will be released on November 15, 2023, follows the song’s record-breaking chart-topping run in Nigeria, where it broke a new 13-week record as the longest number one song on the TurnTable Top 100.

The inclusion of H.E.R on the remix indicates that Asake hopes to recreate the Nigerian success of ‘Lonely At The Top’ on a global scale.

One of the tracks from Asake’s sophomore album, ‘Work of Art,’ the single discusses the loneliness, emptiness, and skepticism that comes with success. After gaining popularity on TikTok and gradually migrating to other platforms, the tune became an instant fan favorite.

Asake has had a successful 2023, making him one of Afrobeats’ most sought-after performers. Following the release of his sophomore album, the superstar astonished fans by selling out the O2 Arena.

Asake also made history with his latest 2024 Grammy nomination for his smash tune ‘Amapiano’ with Olamide, which was nominated for Best African Song Performance.

November 15, 2023 CBN Says Old Naira Notes Remain Legal Tender Indefinitely

CBN Says Old Naira Notes Remain Legal Tender Indefinitely

The Central Bank of Nigeria, CBN has said the old N200, N500, and N1,000 notes will remain legal tender indefinitely and no longer have a deadline

This was disclosed in a statement signed by the bank’s Director of Corporate Communications Isa Abdulmumin where it made known its intention to extend the validity of old naira notes beyond any expiry date.

In March 2023, the Supreme Court had extended the deadline to phase out the old naira notes to December 31, 2023.

According to the bank, it is working with the relevant authorities to vacate the subsisting court ruling on the same subject.

While explaining that the move is in line with international best practices and “to forestall a repeat of earlier experiences, the bank said it will continue to issue and accept all denominations of the bank notes, old and redesigned, to and from deposit money banks (DMBs).

The CBN there encouraged the general public to embrace alternative modes of payment such as e-channels, for day-to-day transactions.

 

 

Watch Live

x
PHP Code Snippets Powered By : XYZScripts.com
X