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Some hours after the Central Bank of Nigeria dissolved the boards and managements of Union Bank of Nigeria, Keystone Bank and Polaris Bank over alleged corporate governance infractions and non-compliance with regulatory requirements, the financial regulatory body appointed new executive directors to oversee the affairs of the deposit money banks. A statement by the acting Director of Corporate Communications, Sidi Hakama, on Thursday morning, said the appointment takes immediate effect. According to the statement , Yetunde Oni, the first female CEO of the Standard Chartered Bank in Sierra Leone, was appointed Chief Executive Officer of Union Bank. PUNCH Online reports that…

The Young Progressive Party (YPP) has issued a fervent plea to President Bola Tinubu, urging him to suspend the Minister of Interior, Olubunmi Tunji-Ojo, amidst allegations of his involvement in a controversial contract with the Ministry of Humanitarian Affairs and Poverty Alleviation. Expressing a sense of urgency, the party has given a 48-hour ultimatum for the suspension of the minister, threatening nationwide youth mobilization to shut down Abuja on Monday, 15th January 2024, should their demand go unmet. In an open letter addressed to Tinubu on Tuesday night, Comrade Emmanuel Bishop Amakiri, the National Chairman of the YPP, cited…

Rachel, a former follower of the deceased pastor TB Joshua, recounted her experiences living with him in a video featured on BBC News Africa. She mentioned that on a particular evening, he summoned her to his room, instructed his aides to vacate the bathroom where they were sleeping, and after they left, he locked the doors, dimmed the lights, and requested her to lower the bottoms of her pajamas. She added that Pastor TB Joshua would contact them late at night, specifically between 3 a.m. and 5 a.m., when they were fatigued and drowsy, asking them to join him…

It was a shocking scene at the Ikorodu branch of Globus Bank when a staff of the bank was seen inside the toilet after committing suicide. According to the suicide note she wrote before taking her life, which reads; “NOTHING IS WORKING IN MY LIFE”; “MY FIGURES ARE COW”; “MY BRAIN IS CLOGED UP”; “THE ECONOMY IS GETTIBG HARDER”; “THE DECISIONS ARE WRONG”; “MY MIND IS MESSED UP”; “THE FUTURE DOESN’T SEEM BRIGHT AT ALL, I SEE EXTREME HARDSHIP”; “I CAN’T BEAR THE PAIN ANYMORE”; “I AM SORRY MUM, I AM SORRY DAD, I AM SORRY NENE, NKWE, 7070, NAZO,…

  The Living Perfect Master and founder of One Love Family, Satguru Maharaj Ji, has posited that until the Federal Government and the Ibrahim Gusau led Nigerian Football Federation (NFF) sacks Coach Jose Peseiro will Super Eagles win the AFCON cup.   Recall the Super Eagles of Nigeria faced a 2-0 defeat against Guinea in a pre-Africa Cup of Nations (AFCON) friendly match at the Bani Yas Stadium in Abu Dhabi, UAE on Monday January 8, 2024.   According to Maharaj Ji, “We do not need a white man or foreign coach to win games. The vibration in a black man…

The US and UK have hinted they could take military action against Yemen’s Houthi rebels, after they repelled the largest attack yet on Red Sea shipping. Carrier-based jets and warships shot down 21 drones and missiles launched by the Iran-backed group on Tuesday night. The allies warned of “consequences” for such attacks. Asked about potential strikes in Yemen, UK Defence Secretary Grant Shapps said: “Watch this space.” The Houthis said they targeted a US ship providing support to Israel. The have repeatedly claimed – often falsely – that they are attacking merchant vessels linked to Israel in protest at…

The Chief Magistrate Court of Kwara State has adjourned the hearing of a case filed against Adegbola Abdulazeez, an Isese (traditional religion) practitioner and activist, also known as Tani Olohun to January 30, 2024. The Isese practitioner was remanded in prison last year for trumped-up charge of planning to start a war in the city by “inviting other traditional and idol worshippers to assemble in Ilorin on the 20th of August, 2023.” SaharaReporters had also reported how the prison authorities in Kwara State denied family members and activists access to Tani Olohun when he was in detention. He finally regained…

The Economic and Financial Crimes Commission (EFCC) has arraigned the former Minister of Power and Steel, Mr Olu Agunloye, before Justice Donatus Okorowo of the Federal High court, over allegations of fraud. Mr Agunloye was brought before the court on Wednesday where he pleaded not guilty to the charges read against him. The Judge ordered that he be remanded in Kuje Correctional center, pending when the bail would be granted. The EFCC in December 2023, declared Agunloye wanted on an alleged case of forgery and corruption. In a communique shared by the Commission on X and its website, the former…

In line with the report  and recommendation of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim Obazee  Central Bank of Nigeria (CBN) has dissolved  the boards and managements of Titan Trust Bank, Union Bank, Keystone Bank and Polaris Bank. The decision to dissolve the boards was taken after a meeting between Yemi Cardoso, Obazee, and the board and management of the four banks. It would be recalled that the investors in Titan Trust Bank refused to honour the invitation to a meeting with the Special Investigator. More to follow…

The Permanent Secretary of the Ministry of Humanitarian Affairs and Poverty Alleviation, Abel Olumuyiwa Enitan, has taken charge of the affairs of the Ministry following the suspension of the minister, Betta Edu. This development is in line with the directive issued by President Bola Tinubu, who suspended Edu on Monday over her alleged involvement in a N585 million fraud. The minister has been accused of paying public funds into private accounts. It was gathered that Enitan assumed responsibility of the Ministry after a letter to that effect from the office of the Secretary to the Government of the Federation was…