NewsReports

Authorities of the Presidential Villa, Abuja have ordered a comprehensive audit of security personnel and forces deployed in the seat of power. The audit may have been necessitated by the ongoing inter-agency rivalry in the Villa. According to a memo signed by the Aide-De-Camp to the President, Lt. Col. Lawal Abubakar, the exercise was needed for “accountability and deployment.” The …

The Central Bank of Nigeria on Tuesday extended the deadline for the Bank Verification Number registration by four months from June 30 to October 31, 2015. The apex bank disclosed this in a circular issued to all Deposit Money Banks operating in the country. The circular dated Tuesday, June 30 with reference number BPS/DIR/GEN/CIR/02/008 was signed by the Director, Banking …

The National Economic Council chaired by Vice President Yemi Osinbajo on Monday set up a four-member committee to scrutinise the accounts of the Nigerian National Petroleum Corporation and the Excess Crude Account managed by the last administration. The probe was meant to unravel N3.8trillion not remitted to the Federation Account by the NNPC between 2012 and May 2015 as well …

President Muhammadu Buhari on Monday, again promised that his administration will give the highest possible priority to the rapid improvement of power supply across the country. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while granting audience to officials of CGGC, the Chinese Construction Company working on the Mambilla Power …

The Federal Government has appointed Mr Mordecai Danteni Ladan, to oversee the activities of the Department of Petroleum Resources, a statement posted on the website of the DPR on Monday stated. According to the statement, Ladan is to take over from the former DPR Director, Mr George Osahon, whose tenure elapsed on June 19. It said that a memorandum dated …

The Economic and Financial Crimes Commission on Monday arraigned Yau Gital, who was a former Chief of Staff to the then Minister of the Federal Capital Territory, Bala Mohammed, before an FCT High Court in Gudu on 10 counts of N192m fraud. Other accused persons arraigned alongside Gital were his former Special Assistant as Chief of Staff to the minister, …

President Muhammadu Buhari on Monday inaugurated the National Economic Council led by Vice President Yemi Osinbajo. The council, which has the 36 state governors and the Governor of Central Bank of Nigeria as members, is saddled with the responsibility of advising the President on economic affairs of the country. Buhari tasked members to come up with ways of liquidating outstanding …

The newly appointed Accountant General of the Federation, Alh Ahmed Idris ‎on Monday formally assumed office and vowed zero tolerance for corruption at the Treasury House. ‎Idris formally took over from the former acting AGF, Mr. Mohammad Dikwa at about 5:30pm on Monday. He called for cooperation among all members of staff and departments to be able to achieve the …

The accreditation tag of the State House correspondent of German Radio, Deutsche Welle, Mr. Ubale Musa, which was withdrawn by the administration of former President Goodluck Jonathan was restored on Monday. According to a statement from the office of the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, the development was on the directive of President …

The Speaker of the House of Representatives, Mr. Yakubu Dogara, on Sunday said that a court process instituted by 30 All Progressives Congress members stopped him from acting on a letter from the party’s leadership, nominating four principal officers for the lower chambers of the National Assembly. He also said that reliance on conventional wisdom alone would not solve the …