The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that monies in dormant accounts in banks are susceptible to fraud. He said this on Tuesday at the end of the 296th meeting of the Monetary Policy Committee in Abuja, where he announced a further hike in the benchmark interest rate to 26.75 per cent. The CBN recently directed financial institutions under its watch to transfer funds in dormant accounts, unclaimed balances and other financial assets to its custody for safekeeping. According to the apex bank, the objective of the move includes identifying dormant accounts/unclaimed balances and financial…
Author: UZDO Media
Rivers State Governor, Siminalayi Fubara, has challenged the National Assembly Joint Committee on Electoral Matters to focus on amendments that contribute to improving the electoral process in the country for the good of the society and not to advance individual gains. The governor maintained that any legislation targeting to empower or undo particular individuals is misplaced. Fubara gave the charge when he hosted a delegation of the National Assembly Joint Committee on Electoral Matters led by its Chairman, Senator Sharafadeen Alli and co-chair, Adebayo Balogun, on a courtesy visit to the Government House in Port Harcourt on Thursday. This…
The Federal High Court in Abuja, on Tuesday, directed the Peoples Democratic Party in Rivers State to proceed with the conduct of its ward, local government and state congresses. While delivering his ruling, Justice Peter Lifu barred the Department of State Services, the police, the Independent National Electoral Commission and seven others from “stopping, truncating or disrupting” the conduct of the congresses of the party. The congresses were scheduled to commence on July 27 across the country with ward congresses, followed by local government congresses on August 26 and then the state congresses in September. The scheduled congresses are to…
The House of Representatives Committee on Federal Character, on Thursday, commenced investigations into the level of compliance with the Federal Character Principle on the recruitment of staff members by the nation’s 12 river basin authorities. This was as the committee chaired by a former Deputy Speaker, Idris Wase, questioned the Managing Directors of the Hadejia-Jama’a River Basin Authority and the Upper-Niger Basin Development Authority on the agencies’ staff strength and recruitment process about compliance with the federal character requirement. Speaking at the event held at the National Assembly Complex, Abuja, Wase stated that all federal Ministries, Departments and…
United States Vice President, Kamala Harris, on Tuesday, vowed to put a stop to the abortion ban and help restore reproductive freedoms. “And we who believe in reproductive freedom will stop Donald Trump’s extreme abortion bans because we trust women to make decisions about their own body and not have their government tell them what to do,” Harris told a cheering crowd. “And when Congress passes a law to restore reproductive freedoms as president of the United States, I will sign it into law,” she said at her first presidential campaign rally in Wisconsin, CNN reported. Reproductive rights are likely…
Rivers State Governor, Siminalayi Fubara, has denied proposing to pay a minimum wage of N80,000 to workers in the state and local government areas. The denial came following reports circulating online that the governor had promised to pay the said sum. But his Chief Press Secretary, Nelson Chukwudi, in a statement issued in Port Harcourt, the state capital, on Friday described the report as unverified claims. The statement read,, “The attention of the Rivers State Government has been drawn to claims circulating in an online media that the Governor of Rivers State, Sir Siminalayi Fubara,, has proposed to pay a…
The Confederation of North, Central America and Caribbean Association Football has announced the nominees for the 2023/24 Player of the Year award. It nominated six players each in the male and female categories. This was revealed in a Tuesday statement titled, “CONCACAF announces 2023/24 Player of the Year Awards nominees.” “At the conclusion of the voting period, on August 2, 2024, the player in each category with the most votes out of the 100 available will be named 2023/24 CONCACAF Men’s Player of the Year and 2023/24 CONCACAF Women’s Player of the Year,” the statement read. CONCACAF, which is one…
Contentions over the reinstatement of the impeached Deputy Governor of Edo State, Phillip Shaibu, have generated more controversies, giving indications of more legal battles. This is as contending sides on Friday threatened to explore legal actions to fight their courses. Speaking on the side of Edo State Governor, Godwin Obaseki, who fell out with Shaibu, his Chief Press Secretary, Crusoe Osagie, on Friday accused Shaibu of sponsoring thugs, stating the course to appeal the judgment reinstating Shaibu has commenced. Osagie and Shaibu who both appeared on Friday at different sessions of interviews on Arise TV Morning Show Programme, differed on…
Real Madrid have become the first football club to surpass €1 billion in revenue. This historic financial achievement was announced by the Real Madrid Board of Directors following their meeting on July 23, where they reviewed the annual accounts for the 2023-2024 financial year. A Tuesday statement obtained from the club’s website by PUNCH Online revealed this. The statement was titled, “Real Madrid Becomes The First Football Club To Exceed One Billion Euros in Revenue.” On the pitch, Real Madrid’s football first team enjoyed a stellar season, securing the Champions League for the sixth time in the last decade, along…
BIODUN BUSARI examines the re-election of President Bola Tinubu as the Chairman of the Economic Community of West African States and the need to unite countries that pulled out of the sub-regional bloc The Economic Community of West African States re-elected President Bola Tinubu as its Chairman during the 65th Ordinary Session of the Authority of Heads of State and Government at the Presidential Villa in Nigeria’s capital Abuja on Sunday, July 7, 2024. Tinubu was first elected to chair the Authority of the Heads of State and Government of the West African regional bloc on July 9, 2023, in…