Chairman
FTX leadership pressed for information by US subcommittee chairman
The former and current CEOs of the bankrupt FTX cryptocurrency exchange have been pressed by the chair of a United States House subcommittee calling for documents relating to the exchange’s finances. “FTX’s customers, former employees, and the public deserve answers,” Raja Krishnamoorthi, Chairman of the Subcommittee on Economic and Consumer Policy wrote in a Nov. 18 letter addressed to both former FTX CEO Sam Bankman-Fried and the exchange’s current CEO John J. Ray III, who took over in the wake of FTX’s bankruptcy filings. Krishnamoorthi added the subcommittee was “seeking detailed information on the significant liquidity issues faced by FTX, the company’s abrupt decision to declare bankruptcy, and the potential impact of these actions on customers who used your exchange.” He...
PDP to commence e-registration for new members
The Peoples Democratic Party has announced its readiness to commence nationwide online registration for members. The Party made this known on Monday in a statement titled ‘Obaseki urges Nigerians to embrace PDP e-registration exercise’, signed by the Publicity Sub-committee Chairman of the PDP National E-Registration Committee, Kola Ologbondiyan. According to the statement, the Edo State Governor, Godwin Obaseki, has urged Nigerians to participate in the exercise. The statement read, “Edo State Governor, Godwin Obaseki, has urged Nigerians to turn out enmasse and register with the Peoples Democratic Party during its nationwide online electronic registration of members which will commence in a fortnight. “Obaseki, who stated this while addressing members of the PDP e-registration committee ...
Nigerian airlines list conditions for full refund to passengers after two-hour flight delay
Following the pronouncement of the Federal Government that airline operators must refund the full cost of travel tickets to passengers after a two-hour delay, commercial airlines have listed the conditions for such reimbursement. The airline operators made this known in separate interviews with newsmen. The Minister of Aviation, Hadi Sirika, had, on Thursday at the weekly State House briefing in Aso Villa, Abuja, read out some of the rights of air passengers as enshrined in Part 19 of the Consumer Protection Regulations of the Nigerian Civil Aviation Regulations (2015) and charged them to demand their rights whenever they were being trampled upon by airlines. “On domestic flights, for delay beyond one hour, carrier should provide refreshment, and one telephone call, or one SMS, or one e-ma...
Lagos assembly begins audit of 57 councils
The Lagos House of Assembly has commenced an audit exercise for all the 20 Local Government Areas (LGAs) and the 37 Local Council Development Areas (LCDAs) in the state. The Chairman, House Committee on Public Account (Local), Mojeed Fatai, made this known in a statement issued in Lagos on Saturday. Fatai said that the committee was expected to submit its report to the House after the weeklong exercise. The lawmaker explained that the exercise was aimed at checking probity and accountability in the local government administration as provided in the 1999 (Amended) Constitution. He said: “The essence of the exercise is to allow the committee go through the 2019 report of the Auditor General without fear or favour to any local council indicted by the officials of the Auditor General. “Also, t...
#EndSARS: Ogun panel recommends payment of over N218 million to victims
Ogun Governor, Prince Dapo Abiodun, has assured that he will implement the report of the State’s Judicial Panel of Investigation on Police Brutality and Extra Judicial Killings. The Governor who gave the assurance while receiving the report said its implementation was necessary towards having a peaceful society and engendering of a more robust relationship between the people and security agencies. Governor Abiodun who spoke on Friday appreciated the Panel members for their selfless efforts and contributions towards the successful completion of the task. “I believe that the implementation of this report will end the gory experience often encountered by residents of the State”, the Governor assured. The State’s helmsman added that it is important for all of us as a people and security agenci...
Anambra election: 22 political parties storm INEC office, want participation
Twenty-two political parties, on Friday, stormed the headquarters of the Independent National Electoral Commission (INEC), in Abuja, to submit names and particulars of candidates for the November 6 Anambra governorship election. The parties, which were part of the 74 political parties deregistered by INEC last year, insisted that they must be on the ballot as they had obtained a declarative judgment by the Appeal Court quashing their deregistration by the INEC. The electoral body, however, rejected their request, insisting that the parties remained deregistered. It would be recalled that the parties had, on March 18 this year, submitted letters of notice for the conduct of the governorship primaries for the Anambra poll. But INEC, then, in a swift reaction, signed by INEC National Commissi...
Anambra election: Nnewi PDP members defect to Labour Party
Some members of the People’s Democratic Party (PDP) in Nnewi South Local Government Area of Anambra State, Tuesday, decamped to the Labour Party. The former PDP members were received at Ezinifite, Nnewi by the Labour Party’s governorship candidate, Mr. Obiora Agbasimalo, ahead of this year’s election on November 6. The Chairman of the decampees from the LGAs and wards, Chief Alphonsus Ofoke, said their decision to identify with Labour Party was as a result of the outstanding attributes of the governorship candidate. According to Ofoke, Agbasimalo is a man who has exhibited a great sense of humility and a clear vision of how to move the state forward. In his reaction, Agbasimalo congratulated them for such bold steps while assuring them that the party is home to all. He said: “There is no d...
House concurs with Senate, approves $6.183 billion external loan request
The House of Representatives has approved the federal government’s request for $6.183 billion (N2.343 trillion) as external borrowing in 2021 Appropriation Act. The approval followed the consideration and adoption of clauses in the report presented by the committee on Aids, Loans and Debt Management, chaired by Hon. Ahmed Dayyabu Safana. The House also gave approval for the bill seeking to establish a Defence Research and Development Bureau (DRDB) to conduct and coordinate robust research and development in the Armed Forces of Nigeria. The approval was sequel to the consideration and adoption of the 5 parts and 34 Sections of the Bill’s report, presented by Chairman House Committee on Defence, Hon. Babajimi Benson. Presenting the report, Benson said the objective of the Bureau was to condu...
INEC promises to train Malawian electoral body on delineation, creation of polling units
The Independent National Electoral Commission (INEC) has promised to teach its Malawian electoral commission counterpart the tricks it used in the delineation of constituencies and creation of polling units. Speaking when his Malawian counterpart, Justice Chifundo Kachale, led a delegation on a courtesy visit on him in Abuja on Thursday, National Chairman of INEC, Prof Mahmood Yakubu, said he understand that the Southern African country is also faced similar challenges Nigeria had previously. He announced to the delegation that the Commission is currently undergoing a historic voter registration exercise, emphasizing: “We are also doing the voter pre-registration online, which will now be completed physically in person at designated centres nationwide. So you are coming at the right time. ...
PSC: Why Ibrahim Magu’s name was dropped promotion list
The Police Service Commission (PSC) on Thursday said it dropped the name of former Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, from promotion list because it is still awaiting clearance from the Office of Attorney General. The PSC had promoted 24 CPs, 35 DCPs, 52 ACPs, 50 CSPs and dropped Magu from promotion. A statement issued by Ikechukwu Ani, Head, Press and Public Relations of PSC said the decisions were the high-points of the Commission’s 12th Plenary Meeting held on Tuesday and Wednesday, which was presided over by the Commission’s Chairman, Musiliu Smith, a retired Inspector General of Police. “The Commission declined the promotion of CP Magu pending clearance from the office of the Attorney General of the Federation and Minister of Justice and the Offic...
Senate screens Lauretta Onochie, others for INEC position
The Senate on Thursday started the screening of nominees for appointment as National Commissioners for the Independent National Electoral Commission. The nominees, including one of the aides of President Muhammadu Buhari, Lauretta Onochie, are already in the Senate for the exercise. Onochie arrived at the Senate wing of the National Assembly about 11 am; accompanied by the Special Adviser to the President on National Assembly Matters, Babajide Omoworare. She was immediately ushered into the office of the Chairman of the Senate Committee on INEC, Senator Kabri Gaya. Onochie is currently waiting for her turn to be screened by the Senate panel. The nomination of Onochie, who currently serves as Senior Special Assistant on New Media to President Buhari, has provoked serious public outcry with ...
Mass defection: House member asks PDP national chairman to resign
Rep Rimamnde Shawulu (PDP-Taraba), has urged the National Chairman of the Peoples Democratic Party (PDP), Mr Uche Secondus, to resign following mass defection from the party to the All Progressives Congress (APC). Shawulu said this a letter addressed to the chairman and made available to newsmen in Abuja on Wednesday. He decried the rate at which the party was losing members to the ruling APC in recent times. Shawulu also urged members of the National Working Committee (NWC) of the party to resign. “Today, unexpectedly, four members of the House of Representatives from Zamfara defected from the PDP to APC,” he said. He said unlike before, when leaders of the party at the House usually put up a form of protest, not a whisper was heard or a hand raised in protest against the defection. “Dear...
