Sources
Court orders final forfeiture of ex-Zamfara governor’s money in Zenith, Polaris banks
The Federal High Court, Abuja, on Tuesday, ordered the final forfeiture of former Governor of Zamfara, Abdulaziz Yari’s funds domiciled in Zenith and Polaris Banks. While 56, 056.75 dollars was lodged in Polaris Bank account, the sums of N12.9 million, N11.2 million, 301, 319.99 dollars; N217, 388.04 and 311, 872.15 dollars were kept in different Zenith Bank accounts in the name of Yari and his companies. Justice Ijeoma Ojukwu, in a judgment, held that the former governor had not shown good cause why the order sought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) should not be granted. Yari served as governor of Zamfara between May 2011 and May 2019. The ICPC had instituted a suit, praying the court for the former governor to show cause why the money unde...
Lagos chamber projects positive economic recovery by Q2
The Lagos Chamber of Commerce and Industry (LCCI) has projected a return to positive growth path for the Nigerian economy in the second quarter of 2021. Mrs Toki Mabogunje, President, LCCI, addressing journalists at the first edition of the chamber’s quarterly news conference, said the projection was subject to the absence of major economic shocks. Mabogunje, however, said that the projected recovery was expected to be subdued within the region of one per cent. “Projections by the World Bank and the International Monetary Fund put Nigeria’s annual average growth for year 2021 at 1.1 per cent and 1.5 per cent, respectively. “Expectation of slow growth momentum reflects the lingering effects of the pandemic on the Nigerian economy and prospects of stricter containment measures considering th...
Senior Republican lawmaker says will vote to impeach Donald Trump
<img width="696" height="464" class="entry-thumb" src="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg" srcset="https://www.today.ng/wp-content/uploads/2021/01/13125818-696×464.jpg 696w, https://www.today.ng/wp-content/uploads/2021/01/13125818-300×200.jpg 300w, https://www.today.ng/wp-content/uploads/2021/01/13125818-630×420.jpg 630w, https://www.today.ng/wp-content/uploads/2021/01/13125818.jpg 699w" sizes="(max-width: 696px) 100vw, 696px" alt="(FILES) In this file photo taken on November 14, 2018 Wyoming US Representative Liz Cheney speaks following the House Republican leadership vote at the Longworth House Office Building on Capitol Hill in Washington, DC. – Senior Republican Con...
LASU appoints Damola Oke acting vice-chancellor
News Agency of Nigeria The Senate of the Lagos State University, LASU, has appointed Professor Oyedamola Oke as the acting vice-chancellor of the institution. Oke was appointed at the emergency senate meeting held on Monday. He was, before his appointment, the Deputy Vice-Chancellor, Administration. Sources at the meeting said 113 professors attended the meeting and Oke polled 61 votes to beat Prof. Wahab Elias, the Deputy Vice Chancellor, Academic, who got 51 votes. One person did not reportedly vote. Prof. Oke emergence was contrary to speculations that Elias would emerge and that he was the candidate of the establishment. The Governing Council of the university headed by Prof. Adebayo Ninalowo, later met to ratify the choice of Oke. The Council will convey the decision of the Senate to ...
Nigerian government lists conditions for states to access coronavirus vaccines
The Federal Government has listed conditions for states to meet before the Pfizer/BioNTech vaccine being expected wt the end of January would be released to them. The National Primary Health Care Development Agency (NPHCDA), during a webinar tagged “Sensitisation Meeting with Media Gatekeepers on COVID-19 Vaccine Introduction”, at the weekend, said no vaccine will be release to states until facilities such as cold chains are in place. According to Director, Logistics and Health Commodities, NHPCDA, Kubura Daradara, the vaccine must be administered within five days of receipt for it to remain potent, and only the states that show commitment would receive the doses when available. She added that the 100,000 doses would be administered to 50,000 people, because each person has to take a secon...
NNPC seeks $1 billion funding to revive PHC refinery
The Nigerian National Petroleum Corporation, NNPC, is currently shopping for $1 billion to revamp Nigeria’s biggest refinery located in Port Harcourt, Rivers State. To realise its plans, the nation’s oil company is already in high-level discussion to raise the money via a prepayment deal with trading firms. If the financing is successful, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel demand is sapped by lockdowns and renewable energy is gaining ground over fossil fuels. The money would be repaid over seven years through deliveries of Nigerian crude and products from the refinery once the refurbis...
US Democrat Senate wins push stocks higher despite Capitol chaos
Clean sweep by Democrats allows them to enact big-spending policies likely to benefit the economy, investors say. Global stock markets rose and bonds nursed losses on Thursday in anticipation of a big-borrowing and big-spending Democratic administration driving growth, following runoff elections that gave the party control of both houses of the United States Congress. On Wednesday, US Treasury bonds had suffered their steepest selloff in months after Democratic Party victories in two races in the state of Georgia handed them narrow control of the Senate and the power to pass their agenda. US S&P 500 futures rose 0.6 percent and Nasdaq 100 futures rose 0.9 percent as markets seemed to shake off a late fade that pulled Wall Street indexes back from fresh record peaks when chaotic protest...
FBI probing threat to crash airplane into U.S. Capitol to avenge Iranian general’s assassination – reports
The Federal Bureau of Investigation (FBI) is investigating the crashing by unknown persons, of radio frequencies used by U.S. air traffic controllers, to broadcast a threat to fly an airplane into U.S. Capitol in revenge for the assassination of prominent Iranian General Qasem Soleimani. U.S. broadcaster CBS news reported this on Wednesday. Congress is due to convene for a meeting later in the day to certify Joe Biden’s victory in the presidential election. “We are flying a plane into the Capitol Wednesday. “Soleimani will be avenged,” what sounded like an electronically generated male voice said on the audio recording, published by CBS. According to the broadcaster, citing sources, while the threat is not treated as credible by the U.S. government, it is being investigated as a breach of ...
Alexander Wang responds to sexual assault claims
Fashion designer Alexander Wang is facing accusations of sexual assault, prompted by claims from Owen Mooney, a male model who, in early December, shared an encounter on TikTok that he’d had with Wang in 2017 at a nightclub. In the video, Mooney said: “I was by myself at one point, and this guy next to me obviously took advantage of the fact that no one could fucking move, and he just started touching me up, like, fully up to my leg, in my crotch. And then I looked to my left to see who it was, and it was a really famous fashion designer, and I just couldn’t believe that he was doing that to me.” Though Mooney initially did not disclose a name, in a subsequent post he revealed the person to be Wang. Soon after, eight men and trans women also shared stories of lewd behavior by Wang, accordi...
ExxonMobil staff killed, others wounded in gas flaring accident
File Photo Fire explosion from a gas flaring operation at the Qua Iboe Terminal (QIT) process area at ExxonMobil facility in Ibeno local government area, Akwa Ibom State has allegedly killed some staff of the company and left others wounded. It was gathered that the incident happened on Sunday, December 13, 2020, when the victims were about to light up the gas flaring plant. Sources who preferred to remain unnamed said one of the victims who was killed was a supervisor working at the facility’s processing area, while another supervisor injured by the explosion had been rushed to an undisclosed hospital in the state. He said it was possible that the victims who were to turn on the plant shut for maintenance purposes, flouted all safety procedures that would have averted the explosion. “Two ...
U.S. sanctions Turkey over purchase of Russian defense system
The United States imposed long-anticipated sanctions on Turkey on Monday over Ankara’s acquisition of the Russian S-400 air defense systems, further complicating already strained ties between the two NATO allies. Turkey condemned the sanctions as a “grave mistake” and urged Washington to revise its “unjust decision.” Senior U.S. officials said in a call with reporters that Ankara’s purchase of the S-400s and its refusal to reverse its decision left the United States with no other choice. The sanctions, first reported by Reuters last week, target Turkey’s top defence procurement and development body Presidency of Defence Industries, its chairman Ismail Demir and three other employees. While limited to one company, they are still likely to weigh on the Turkish economy, analysts said, at a ti...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...