Category: Top Stories

Import Duties: First Bank Defrauds Federal Government of N100bn

Gideon Myek

.CBN, Clearing Agents Blacklist Lender …May face EFCC soon The Central Bank of Nigeria (CBN) on the orders of the House of Representatives Committee on Customs has delisted First Bank Plc from collection of import duty revenue due to its alleged failure to remit N100billion collected on behalf of the Federal Government of Nigeria on export proceeds for Nigerian Exports Promotion Council (NEPC). This indication was given by the Acting National President of Association of Nigerian Licensed Customs Agents (ANLCA) Dr Kayode Farinto innan exclusive chat with DAILY TREND on…

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Lagos Couple Kidnaps Selves, Demands N5m Ransom From Relatives

Gideon Myek

The Lagos State Police Command has arrested a couple (name withheld) over alleged self-kidnap for N5 million ransom. The command’s spokesperson, SP Benjamin Hundeyin, confirmed this to the News Agency of Nigeria on Saturday. Hundeyin said that the husband, a 53-year-old technician and wife, a 48-year-old masseuse and bone setter, were arrested on Wednesday and Thursday respectively after a family member of the man reported the purported kidnap. He said the couple, who admitted to the crime, claimed they planned the self-kidnap with a view to raising N3 million to…

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Cancer Causing Substance Found In Indomie Noodles

JUSTINA EMMANUEL OKPARA

Indofood, makers of Indomie instant noodles, has reacted to a recall of its products in Taiwan and Malaysia over an increased cancer risk. Health officials in Malaysia and Taiwan said they had detected ethylene oxide, a compound, in Indomie’s “special chicken” flavor noodles. Ethylene oxide is a colourless, odourless gas that is used to sterilise medical devices and spices and has been associated as a cancer causing chemical. The ministry of health in Malaysia said it had examined 36 samples of instant noodles from different brands since 2022 and found…

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How Southerners Control Juvenile Sex Trade In Maiduguri

Admin

Despite the pervading insecurity, recent investigations have revealed that the den of prostitution in Maiduguri, capital of Borno State, has largely been in the hands of southerners and non-Muslim. According to findings, the current peaceful atmosphere has provided more grounds for the illicit trade to thrive Ironically, the Muslim dominated community has been taken over by this group of people for the purpose of promoting prostitution, drug and other illegal engagements. Prominent brothels housing underage girls are controlled by these men from with protection from serving and retired military personnel.…

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How Okada Riders Killed Policeman– Eyewitnesses

Admin

Eyewitnesses have recounted how a yet-to-be-identified policeman was killed on Wednesday by rampaging commercial motorcyclists, known better as Okada riders, in the Cele-Ijesha area of Lagos State. The Okada riders were said to be protesting against the enforcement of the ban on commercial motorcycle operations in the area when the incident happened. PUNCH Metro gathered that during the clash, the motorcyclists also injured a Divisional Police Officer who was said to be part of the team enforcing the ban in the community. During the enforcement around 11 am on Wednesday,…

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Basketmouth Shuns Response To AY’s Allegations

JUSTINA EMMANUEL OKPARA

Comedian Bright Okpocha, also known as Basketmouth, has refused to respond to the claim by his colleague, Ayodeji Makun, popularly known as AY, that the cause of their feud was a debt of N30,000. Recall that AY had in an interview with media personality Chude Jideonwo, said: “In 2006, Basketmouth usually had multiple wedding gigs on Saturdays’. So what he used to do at that point in time was to attend one, and at a point, leave the venue to catch up in the other venue. “Now, one of the…

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Premium Pension Grows Asset Under Management To N1.041trn

JUSTINA EMMANUEL OKPARA

One of the leading Pension Fund Administrators in the country, Premium Pension Limited, has grown its Asset Under Management (AUM) to N1.000.41 trillion at the end of 2022 financial year. This is despite increasing economic challenges and stiff competition in the industry. This growth represents N120.93 billion over 2021 year-end of N879.48 billion, indicating a year-on-year growth rate of 12.08 per cent. Mr. Ibrahim Alhassan Babayo, Chairman, Board of Directors of Premium Pension Limited, disclosed this at the 18th Annual General Meeting (AGM) of the company held at its corporate…

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2023 IWD: Banker Charges Female Accountants On Digitalisation

JUSTINA EMMANUEL OKPARA

Mrs Folashade Femi-Lawal, Head, Card and Messaging business, First Bank of Nigeria Plc, has called on female accountants to focus on being relevant in the digital world. Femi-Lawal said this on Tuesday in a presentation at a webinar organised by the Society of Women Accountants of Nigeria (SWAN) in commemoration of the 2023 International Women’s Day in Lagos. The United Nation’s theme for this year’s IWD is: ‘DigitALL: Innovation and technology for gender equality.’ Femi-Lawal said female accountants and other women must embrace the role of technology and how to…

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IWD: UK-based Nigerian Chartered Accountant Hails SWAN Members, Others

Gideon Myek

UK-based Nigerian Chartered Accountant, Mr Olanrewaju Sharafa, on Wednesday hailed members of the Society of Women Accountants (SWAN) and other women across the world for their outstanding achievements. Sharafa, also a Governance Professional, in a statement made available in Lagos, said SWAN had been consistent as a reputable society that represents the voice of female chartered accountants in Nigeria. “I join the United Nations and women around the world to celebrate the International Women’s Day. “As a chartered accountant, I have the privilege of working or networking with women in…

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Breaking: Old Naira Notes, No Extension Beyond Feb. 10—CBN

JUSTINA EMMANUEL OKPARA

After days of suspense surrounding the legality of old naira notes, the Central Bank of Nigeria (CBN) has declared that the February 10 deadline earlier given for the notes to cease from being legal tender remains. CBN Governor, Mr Godwin Emefiele, ruled out extension today in Abuja when he briefed ambassadors of foreign nations and diplomats in Nigeria about the apex bank’s monetary policy and issues thrown up by the currency redesign. Details later

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