News Update

The Binance Regional Manager for Africa, Nadeem Anjarwalla, who escaped from a Nigerian detention facility on March 22, has been arrested in Kenya. The fugitive was reportedly arrested by Kenayan Police Service while he was hiding in the East African country.

 President Bola Tinubu on Monday said foreigners pump a lot of money to fund illegal mining and terrorism across Africa. The president stressed the need for African countries to strengthen regional cooperation and institution-building to address the evolving threat of terrorism on the continent.

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 The Federal Government on Monday vowed to sell off the five electricity Distribution Companies (DisCos) as blackout persists. Minister of Power, Adebayo Adelabu said banks and the Asset Management Company (AMCON), which have been managing these DisCos, having taken over because of the failure of the management to repay loans, lack the technical capacity.

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 President Bola Tinubu will today embark on an official visit to the Kingdom of the Netherlands for high-level discussions with Prime Minister Mark Rutte. A statement last night in Abuja by his Special Adviser on Media and Publicity, Ajuri Ngelale, said the President is visiting on the invitation of Prime Minister Rutte.

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 The Rivers State House of Assembly has passed the Local Government Amendment Bill into law without the assent of Governor Siminalayi Fubara. The Assembly passed the Bill yesterday, despite the State High Court’s order directing the status quo on the issue of elongating the tenure of elected local government officials, which formed part of the amendment.

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 Following the recent rebound of the naira against the dollar, the price of a 50 kilogramme bag of rice has dropped to an average of N67,000 in Lagos, Abuja, Ogun, and others, from about N90,000 in February 2024. In communities close to the borders, our correspondents gathered that the staple was selling at a much lower rate compared to what was obtained in the cities.

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 The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange. The exchange rate means the naira fell by N65 or 5.26 per cent from N1,169.99/$1 recorded on Friday.
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 In what appears to be a retaliatory cult clash, one Azeez Olaitan was reportedly killed by suspected members of the Aiye Confraternity in the Alogi area of Odeda Local Government Area of Ogun State on Sunday. This is just as the Ogun State Police Command said that the window of amnesty extended to members of various cult groups in the state to surrender their arms and be reintegrated into society was still open.

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 Tragedy struck at Yar’Gwanda village in Tsanyawa local Government area of Kano State at the weekend when a 60-year-old man, Malam Danjuma, his son, Ibrahim, 35, and Aminu Gaye, also 35, died in a pit latrine while trying to recover a cellphone. One of the rescuers, Abba Alasan, 28, was, however, rescued from the latrine.
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 from dailypost