Author: Kwara Reporters

The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors governing Polaris, Titan, Union and Keystone Banks.CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso, on Wednesday in Abuja.The source who pleaded anonymity, hinted that an official statement dissolving the board of directors will be sent shortly.The source said, “In the next hour, there is going to be official communication from the bank. We are working on it and an official statement will be sent soon.”The action follows the recommendation of the Special Investigator, Jim Obazee,…

Deputy Governor of Edo State, Philip Shaibu, has described the refusal of Governor Godwin Obaseki to support his candidature in the upcoming 2024 governorship election as betrayal.Speaking during an interview with Arise TV, Shaibu said he was persuaded to be the deputy governor to Obaseki, adding that he added value to the government in terms of political structure and his finances.Shuaibu who is the Peoples Democratic Party (PDP) governorship aspirant expressed displeasure over Obaseki’s support for an “outsider” instead of him.He said, “Actually, I was persuaded and there was no protest. I actually didn’t want to be a deputy governor.…

Betta Edu, suspended Minister of Humanitarian Affairs and Poverty Alleviation, is currently in custody of the Economic and Financial Crimes Commission (EFCC).Shortly after President Bola Tinubu suspended her on Monday, the anti-graft agency summoned Edu to its headquarters in Jabi area of the Federal Capital Territory, Abuja.An operative of the EFCC had told Daily Trust that the anti-graft agency had earlier recommended the suspension of the Minister in order to pave way for the ongoing investigation that had been ordered by the President.Edu is expected to be grilled over alleged N585 million fraud in her ministry.The Presidency had withdrawn the…

The Federal Capital Territory High Court in Abuja has declared the prolonged detention of the former Governor of the Central Bank of Nigeria, Godwin Emefiele, without trial as a flagrant violation of his fundamental rights.The court slammed a total of N100m fine against the Federal Government and the Economic Financial Crime Commission and barred them from rearresting or detaining the ex-CBN governor afresh without a valid court order.But the EFCC expressed its dissatisfaction with the judgment, vowing to go on appeal.The judgment was given in a fundamental human rights suit filed by the former CBN governor following his prolonged detention…

After facing a 12-hour marathon interrogation by anti-graft operatives on Monday, ex-minister Sadiya Umar-Farouq returned home on Monday night and is expected to resume Tuesday at the headquarters of the Economic and Financial Crimes Commission (EFCC) in Abuja. The former Minister of Humanitarian Affairs and Social Development is facing probe over an alleged laundering of N37.1 billion.She had arrived at the Jabi Headquarters of the EFCC about 10:18 am on Monday to honour the invitation to offer clarifications on some issues that the Commission is investigating.The former minister had a long session with the EFCC interrogators. The Monday session ended about…

Depict image Ten persons have been confirmed dead following a fatal accident in Kwara State involving a bus and a truck. Daily Trust gathered that the bus was on its way to Sokoto while the truck was heading to Lagos when the accident took place claiming 10 lives.The incident occurred around 6:40 am on Monday along the Olooru – Okoolowo axis involving a Volvo truck and a Toyota Hiace bus.Twenty persons, 15 males, four females and one child were involved in the crash.Those who lost their lives include five women, four men and a child, while the remaining 10 persons sustained various…

President Bola Tinubu has ordered the Economic and Financial Crimes Commission to launch a full-blown investigation into the finances of the Ministry of Humanitarian Affairs and Poverty Alleviation.Tinubu handed down the directive in a statement on Monday by his Special Adviser on Media and Publicity, Ajuri Ngelale, who also announced the suspension of the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, over the N585m scandal in the ministry.The statement was titled ‘President Tinubu suspends Minister of Humanitarian Affairs and Poverty Alleviation from office.’Edu’s suspension was happening as her predecessor, Sadiya Umar-Farouq, was grilled for about 12 hours by…

A coalition of Fulani groups in Plateau State on Sunday comprising Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Gan Allah Fulani Development Association of Nigeria (GAFDAN), Bajoil Fulani, Jonde Jam Kautal Hore and Lawul Fulaku, said it had lost 350 members between October, 2023 and January, 2024 in the state.The coalition also claimed that it lost 834 cattle within the said period in various communities of Barkin Ladi, Bokkos and Mangu LGAs of the state.This is the first time the leadership of the Fulani communities has come out to voice their apprehension over the recent attacks and killings in…

President Bola Ahmed Tinubu has directed a thorough investigation into the indictment of the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, in the transfer of N585.189 million grant meant for vulnerable groups in Akwa Ibom, Cross River, Ogun and Lagos states into a private account.The president also promised to ensure that any breaches and infractions identified in the course of investigation are decisively punished.A viral document signed by Edu and directed to the Office of the Accountant-General of the Federation revealed that the minister directed the disbursement of N585.189 million into one Bridget Mojisola Oniyelu’s private account.The…

The Chairman of the Dangote Group Aliko Dangote has clarified the recent visit of officials of the Economic and Financial Crimes Commission (EFCC) to its office but assured of its commitment to helping the agency with its investigations.EFCC officials visited the Dangote Group headquarters in Lagos over details of foreign exchange allocated to it by the Central Bank of Nigeria (CBN) from 2014 to the present.Days after the visit, Dangote in a statement explained that: “On 6 December 2023, we received a letter requesting details of all the foreign exchange allocated to our company by the Central Bank of Nigeria…