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Showing posts with label Breaking News. Show all posts
Showing posts with label Breaking News. Show all posts

Friday, February 5, 2021

February 05, 2021

BREAKING: CBN Bans Nigerians From Buying, Selling Bitcon, Cryptocurrencies


The Central Bank of Nigeria, CBN, on Friday, instructed Deposit Money Banks (DMBs), other Financial Institutions (OFIs), Non-Bank Financial Institutions (NBFIs) and local financial institutions against having any transactions in crypto or facilitating payments for crypto exchanges.

The apex bank gave the directive in a letter to all DMBs, OFIs and NBFIs dated February 5th.

The circular signed by Director of Banking Supervision, Bello Hassan stated:” The CBN circular of January 12, 2017 ref FPRIDIRGENT R/06/010 which DMBs, NBFIs and OFIs and members of the public on the risks associated with transactions in crypto currency refers.

“Further to other regulatory directives on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payment from cryptocurrency exchanges is prohibited.”

CBN warned that a breach of this directive will attract severe regulatory sanctions.

The Apex bank ordered DMBs, OFIs, NBFIs, to identify persons and entities transacting in or operating crypto currency exchanges within their system and ensure that such accounts are closed immediately.

Wednesday, February 3, 2021

February 03, 2021

BREAKING: FG Approves Immediate Take-off Of Federal Polytechnic, Ugep, Cross River State, Releases N2B


By Soni Daniel

The Federal Government has approved the establishment of a Polytechnic for Cross River State and it is to be situated in Ugep in the Northern part of the state.

To enhance its early take-off, the Federal Government has also approved the release of N2 billion for the project.

The new school, the first of its kind in that part of the country, is to take off in October this year and the approval has already been communicated to the Minister of State for Power, Mr. Goddy Jedy Agba, who is the highest-ranking political leader in the Buhari administration from the state.

The approval letter with reference DHE/ Poly.49/C.1/11/354 dated January 29, 2021 and signed by the Permanent Secretary, Ministry of Education, Mr. Sonny Echono, reads in part: “I write to inform you that His Excellency President Muhammadu Buhari, has approved the establishment of Federal Polytechnic, Ugep, Cross River State.

“Mr. President also approved a take-off grant of N2 billion for thenew polytechnic from the funding resources of TETfund and for the provision of core facilities for the immediate take-off. This has been duly conveyed to TETfund for implementation.

“In view of the above, technical team from the Federal Ministry Education and the National Board for Technical Education (NBTE) will soon visit your state to identify the site in Ugep and assess its readiness for commencement of academic activities in October 2021,” the letter said.

Tuesday, January 26, 2021

January 26, 2021

BREAKING NEWS: President Buhari Sacks Service Chiefs, Announces Replacements

By Johnbosco Akpakwuru

President Muhammadu Buhari has accepted the immediate resignation of the Service Chiefs, and their retirement from service.

This was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Chief Femi Adesina in Abuja Tuesday.

"The President congratulates the new Service Chiefs, and urges them to be loyal and dedicated in the discharge of their responsibilities.” 

Monday, December 21, 2020

December 21, 2020

INEC Issues Certificate Of Return To Hon. Jarigbe As Senator Representing C'River North


By Omeiza Ajayi

The Independent National Electoral Commission INEC has issued a Certificate of Return to Hon. Jarigbe Agom Jarigbe as the winner and duly elected candidate of the Peoples Democratic Party PDP in the last Cross River North Senatorial bye-election.

INEC’s decision followed last week’s judgment of the Court of Appeal which declared Jarigbe as the substantive candidate of the Party which won the election.

The appellate court had affirmed the judgment of an FCT High Court which had earlier declared Hon. Jarigbe as duly elected PDP candidate for the December 5 Cross River North Senatorial seat.

The certificate of return was handed over to Jarigbe by an INEC National Commissioner, Mr Festus Okoye at a brief ceremony in Abuja.

Before the appellate court ruling, INEC had earlier issued a certificate of return to Dr Stephen Odey.

Thursday, December 17, 2020

December 17, 2020

BREAKING: Appeal Court Sack Dr. Odey, Declares Hon. Jarigbe Winner Of C'River North Senatorial Election

Hon. Jarigbe Agom


By Kunle Olasanmi and Michael Oche

The Abuja Division of the Court of Appeal on Thursday affirmed the declaration of Jarigbe Agom as the duly elected candidate of the Peoples Democratic Party (PDP) for the Cross River North senatorial bye election that held on December 5, 2020.

Justice Binta Mohammed of the High Court of the Federal Capital Territory (FCT) had in her judgment declared Jarigbe as the valid candidate of the party for the senatorial bye election.

Dissatisfied, his challenger, John Alaga approached the Court of Appeal to set aside the judgment of the trial court.

However, in a unanimous judgment, the appellate court dismissed the appeal as frivolous, vexatious and abuse of court process.

Justice Peter Ige, held that having not participated in the primary election of the party, the appellant lacked the locus standi to institute the suit.

“The appellant lacked the locus standi to institute the suit in the first place. I wonder why the trial court did not make pronouncement on this. Only a person who participated in the primary election or a political party that has the power to challenge the outcome of the election and not a third party who did not participate in the election.

“There is no evidence before the court that the appellant participated in the primary election. He only exhibited his party card and no other exhibit. The action of the appellant is a gross abuse of the court process.

Justice Ige further held that the facts stated by the respondents to the appeal in their affidavit evidence are well founded and have not been contradicted by the appellant.

“The materials put forward by the 1st and 2nd respondents have dislodged the evidence adduced by the appellant.

The court also held that the appellant did not prove allegations of forgery which is criminal in nature and needed to be proved beyond reasonable doubt.”

The court accordingly dismissed the appeal for lacking in.merit and award a cost of N250, 000 against the appellant in favour of the 1st respondent and N100,000 in favour of the 2nd defendant.

Justice Binta Mohammed had in her judgment, held that contrary to the claim of the claimant, John Alaga, the defendant (Jarigbe) did not supply any false information to the Independent National Electoral Commission (INEC) in his INEC Form CF001 by purporting to have sat for / and or obtained educational qualification making him eligible to contest for the Cross River North Senatorial Bye election.

The court also held that the Cross River North Senatorial primary election of the PDP wherein Jarigbe (1st defendant) was nominated as the Senatorial candidate was conducted with the authentic list of the Ward and Local Government Area Executives of the party.

Justice Mohammed further held that “the first defendant having won the highest number of valid votes at the said primary election is validly nominated as the candidate of the PDP for the Cross River North Senatorial Bye election scheduled to hold on October 31, 2020 or any other date.

That the primary election of the PDP for the Cross River North Senatorial held on September 5, 2020, was duly nominated by INEC (2nd defendant) and therefore valid and in accordance with the law.

The Court therefore directed INEC, sued as the second Defendant, to include and publish the name of Hon. Jarigbe on the list of candidates for the bye election scheduled for 5th December, 2020. The INEC was also further ordered to give Hon. Jarigbe every other rights and privileges pertaining to his lawful qualification and nomination as the PDP candidate.

Tuesday, November 3, 2020

November 03, 2020

BREAKING: Looting & Vandalism: WAEC Relocates Its Office From Calabar To Uyo

Following the looting, burning and vandalization of its branch office in Calabar, Cross River State, the West African Examinations Council (WAEC), has announced that it is temporarily relocating from Calabar to its Uyo Zonal Office.

In a press statement on Tuesday, the council assured that it will resume normal operations in Calabar once status quo ante is restored.

The statement signed by Demianus Ojijeogu, Acting Head of Public Affairs reads in part: 

"The West African Examinations Council (WAEC), Nigeria wishes to inform the Cross River State Government, Cross River State Ministry of Education, School Principals, Candidates, other Stakeholders in Cross River State and indeed, the general public, that WAEC Branch Office, Calabar, Cross River State has been temporarily relocated to WAEC Zonal Office, Uyo, Akwa Ibom State, till further notice.   

"This development is as a result of the vandalization, looting and burning down of WAEC Branch Office, Calabar by hoodlums on Saturday, October 24, 2020.   The relocation which is an interim measure is to enable the Council to continue to carry out its operations and render services to the Nigerian Child and other stakeholders.  

"We wish to assure all stakeholders and the general public that normal operations will resume in Calabar Branch Office once the status quo ante is restored."

Wednesday, October 28, 2020

October 28, 2020

BREAKING: Okonjo-Iweala Emerges New WTO DG

Nigeria's Ngozi Okonjo-Iweala has emerged Director General of World Trade Organization (WTO).

She polled 104 votes from 164 member countries to defeat South Korea’s trade minister at the final stage of the race.

She becomes woman and the first African to occupy the office.

More details later