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The naira’s value has continued to fall, tumbling to a new low of N1005 to the British pound sterling on the parallel exchange platform Aboki Forex on Saturday. Checks by online newspaper, Peoples Gazette revealed that the naira traded at N1005 against the British Pounds Sterling and N890 to a dollar. The rapid depreciation of the country’s currency follows a prolonged ban on bureau de change operators and the Central Bank of Nigeria’s finalised plans to redesign the national currency. Godwin Emefiele, the governor of the central bank, declared in October that new naira notes would be released by December…

The Chief Whip of the Senate, Senator Orji Uzor Kalu, has facilitated the construction of thirty five additional road projects for his Abia-North Senatorial District. According to findings the road projects are located across the local government areas of the district with others in the Southern and Central Senatorial Districts. Further confirming the report, the Abia North Senator who spoke with journalists at his Abuja residence expressed delight at the more than thirty five road projects he facilitated through the Federal Roads Maintenance Agency (FERMA) in the 2022 budget. The roads are: 1. Construction of AMAOGUDU township road with Asphalt…

SOME State governors are devising means to launder money they stashed in houses, chairman of the Economic and Financial Crimes Commission (EFCC) Abdulrasheed Bawa has revealed. Bawa, who did not name the concerned governors, said in an interview with Daily Trust that the Commission is closely monitoring the state chief executives. According to Bawa, the EFCC is aware of plans by three governors to infiltrate the system with money through table payment of their state workers’ salaries. The development is coming after the Central Bank of Nigeria (CBN) announced on October 26 that it would redesign the country’s currency over…

The Federal Road Safety Corps, FRSC, has warned Nigerians against using some models of Lexus vehicles as they are prone to accidents. This warning was contained in a press statement issued on Friday by Bisi Kazeem, the Public Education Officer of the Corps. According to the statement, the automobile maker has begun to recall Lexus NX260, Lexus NX3650h and Lexus NX400h+ manufactured between 31 March 2021 to 26 April 2022 due to faulty programming of the Lane Keeping Assist (LKA) System. The statement referenced a report contained in a memo forwarded by the Office of the Secretary to the Government…

The Economic and Financial Crimes Commission, EFCC, today November 4, 2022, secured the nod of a Federal High Court sitting in Abuja to publish an order of interim forfeiture of 40 landed properties belonging to a former Deputy Senate President, Sen. Ike Ekweremadu. Justice Inyang Ekwo made the order while ruling on a motion exparte brought by the EFCC in Suit No.FHC/ABJ/CS/1242/2022. The Commission had approached the court for an Order of interim forfeiture of the said properties which “are subject matters of investigation, enquiry and examination by the EFCC. which are reasonably suspected to be the proceeds of unlawful…

The Federal Medical Centre, Abuja has expressed worry over the congestion of its mortuary caused by unclaimed corpses in the hospital. The management of the hospital said it is making plans to conduct mass burial for the eight unclaimed corpses. Speaking with The Punch, the Head of Clinical Services, Dr. Joseph Eziechila said the management of the hospital has gotten a court order, police extract and cemetery permission to bury the corpses. “In every institution, there are policies. Once a corpse stays in a morgue for more than eighteen months and no person has come to claim the body, you…