NewsReports

Deposit Money Banks in the country are now allowing customers to transfer foreign currency cash deposits made into their domiciliary accounts. The announcement from the banks started coming in four days after the Central Bank of Nigeria lifted the ban on foreign currency deposits. The CBN had on Monday said holders of ordinary domiciliary accounts were allowed to deposit foreign …

Tension is heightening in Edo ahead of the 2016 governorship election in the state, as leaders of the ruling All Progressives Congress (APC) engage in war of words over the alleged endorsement of the Chairman of the Economic Team of the state government, Mr Godwin Obaseki, as the likely candidate of the APC, by Governor Adams Oshiomhole. The situation has …

A former Chairman of the Board of Trustees (BoT) of the Peoples Democratic Party (PDP), Chief Tony Anenih, has given an insight into the controversial N260 million he received from the embattled former National Security Adviser (NSA), Colonel Sambo Dasuko (retd), during the Jonathan administration. Sunday Vanguard learnt, at the weekend, that Anenih shed light on the money in a …

By Alltimepost.com President Mohammadu Buhari has sent a shock wave through the Nigerian Military as he ordered the Economic and Financial Crimes Commission (EFCC) to further investigate the alleged misconduct established against retired and serving officers of the Nigerian Air Force and Nigerian Army. Those who were involved in the procurement of arms between 2007 and 2015 may have cause …

President Muhammadu Buhari has approved an investigation into the theft of the 219 girls from Government Secondary in Chibok, Borno State. The panel to investigate the incident which happened in April 2014 is soon to be named by the National Security Adviser, NSA, General Babagana Munguno. The investigation will seek to, among other things, unravel the remote and immediate circumstances …

Iranian state-controlled news outlet Tasnim released video Wednesday afternoon that shows a U.S. sailor apologizing for purportedly infringing upon Tehran’s sovereignty. On Tuesday, Iran seized two U.S. naval boats, arguing they illegally entered Iran’s territorial waters. The Pentagon said they encountered mechanical troubles, forcing their boats to go off course. “It was a mistake, it was our fault, and we …

The Federal Government says 41 Nigerians have died following the outbreak of Lassa fever in over 10 states. The Minister of Health, Prof. Isaac Adewole, said this at a press briefing jointly organised with the Minister of Information and Culture, Alhaji Lai Mohammed, in Abuja on Tuesday. He also said the Federal Government planned to establish an inter-ministerial committee as …

The Minister of Foreign Affairs, Geoffrey Onyeama, has assured Nigerians that negotiations are ongoing with a number of countries on the modalities for the repatriation of some looted funds stashed abroad. The minister stated that the Federal Government had been in touch with Switzerland, which he said, had earlier repatriated $700m to Nigeria. He noted that another $300m that was …

As outrage continued to trail the reportedly missing 2016 Budget presented to the joint session of the National Assembly on Tuesday, December 22, 2015, by President Muhammadu Buhari, the Presidency, on Tuesday night, distanced itself from the missing budget. Disturbed by the raging enquiries posed by Nigerian social media users, following the news of the missing budget, Senior Special Assistant …

Detained National Publicity Secretary of the Peoples Democratic Party, Olisa Metuh, has said he is cooperating with the Economic and Financial Crime Commission. The PDP chieftain said he had volunteered statements to the anti-graft agency in which he explained his role in the alleged arms scandal money. Metuh, in a statement by his Special Assistant Mr. Richard Ihediwa, in Abuja …