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Naira Falls To N750 Against US Dollar

Naira Falls To N750 Against US Dollar

The naira has suffered further depreciation at the parallel market, currently trading for N750 against the dollar, according to black market platform Aboki Forex. The current parallel market exchange rate was monitored by Peoples Gazette Thursday night. The online newspaper had reported in September that the naira hit a record high, trading at N719 against the dollar. Since then, the dollar has continued to rise, exchanging at a higher rate. In 2021, the apex bank prohibited the sale of foreign exchange to BDC operators in a bid to arrest the fast fall of the country’s currency. The apex bank had…
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Don’t Appeal Court Judgement On Nnamdi Kanu, Seek Political Solution — Orji Kalu Tells Buhari [VIDEO]

Don’t Appeal Court Judgement On Nnamdi Kanu, Seek Political Solution — Orji Kalu Tells Buhari [VIDEO]

The Chief Whip of the Senate, Senator Orji Uzor Kalu, on Thursday pleaded with President Muhammadu Buhari to pursue political solution in the case of the detained leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu. The Federal Government had earlier on Thursday dragged Nnamdi Kanu to the Supreme Court following an order of the Court of Appeal freeing the IPOB leader. Kalu, in a video clip he shared on his verified Facebook page, appealed to President Buhari to reconsider the decision on appealing the judgement , and should instead release Kanu. According to Senator Kalu, “an appeal to…
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Buhari appoints NDDC sole administrator

Buhari appoints NDDC sole administrator

President Muhammadu Buhari has appointed a replacement for Effiong Akwa, who has just been sacked as the interim administrator of the Niger Delta Development Commission (NDDC). Emmanuel Audu-Ohwavborua, a director in the Delta State office of the NDDC, has been asked to take over the running of the commission, pending the setting up a new management team and a governing board, according to a letter from the Minister of Niger Delta Affairs, Umana Umana. According to the letter, Mr Audu-Ohwavborua is the most senior director in the NDDC. The NDDC is under the ministry’s supervision. “President Buhari has approved that…
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BREAKING: Orji Kalu, Abaribe, Ekwunife, Others Tell Buhari To Release Nnamdi Kanu

BREAKING: Orji Kalu, Abaribe, Ekwunife, Others Tell Buhari To Release Nnamdi Kanu

....Urge FG Not to Appeal Appellate Court Ruling The South East Caucus in the Senate on Thursday urged the Federal Government to obey the Appeal Court ruling, which ordered the immediate release of leader of Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu. The Caucus in a statement released in Abuja also advised FG against appealing the ruling at the Supreme Court, but rather asked the Presidency to utilise the opportunity presented by the Appeal Court ruling and consider political solution to solve the lingering problem in the interest of the country's unity and peaceful coexistence of Nigerians. The Caucus…
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EFCC Arraigns Ex-Lagos Attorney-General, Shasore for Alleged $100,000 Fraud

EFCC Arraigns Ex-Lagos Attorney-General, Shasore for Alleged $100,000 Fraud

The Lagos Zonal Command of the EFCC, on Thursday, October 20, 2022, arraigned a former Attorney-General of Lagos State, Olasupo Shasore, SAN on a four-count charge bordering on money laundering to the tune of $100, 000(One Hundred Thousand Dollars) before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos. Olasupo Shasore, SAN, on or about the 18th day of November, 2014 in Lagos, allegedly induced one Olufolakemi Adelore to commit an offence to wit; accepting cash payment of the sum of US100, 000.00 (One Hundred Thousand United States Dollars) without going through a financial institution, which sum…
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Buhari sacks NDDC sole administrator

Buhari sacks NDDC sole administrator

President Muhamadu Buhari has sacked Effiong Akwa, the sole administrator of the Niger Delta Development Commission (NDDC). In a statement on Thursday by Patricia Deworitshe, director of press, ministry of Niger Delta Affairs, the president also announced the constitution of a new management team and governing board of the NDDC. In December 2020, President Muhammadu Buhari removed Kemebradikumo Pondei as acting managing director of the NDDC — appointing Akwa as the head of the agency. According to the statement, the names of the new management team and governing board will be transmitted to the national assembly for approval. “President Muhammadu…
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‘I’m not a born again Christian like Ikpeazu’  – Wike

‘I’m not a born again Christian like Ikpeazu’  – Wike

Amid the crisis in the Peoples Democratic Party, PDP, Governor Nyesom Wike has vowed to always fight for his beliefs. Wike said he’s not a born-again Christian, hence would always fight back his aggressors. He spoke during the birthday celebration of his Abia State counterpart, Okezie Ikpeazu. Wike describing Ikpeazu as a quiet man who observes the Bible verse that when “they slap you, turn the other cheek”, the governor said he would retaliate rather than turn the other cheek if anybody slapped him. According to Wike, he would blow off the head of anybody who slaps him. He said:…
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Fed Govt Appeals Judgment Freeing IPOB Leader Nnamdi Kanu

Fed Govt Appeals Judgment Freeing IPOB Leader Nnamdi Kanu

The Federal Government yesterday took its case against the Indigenous People of Biafra (IPOB) leader, Nnamdi Kanu to the Supreme Court. It has asked the apex court to stay the execution of the October 13 Court of Appeal judgment that freed the leader of the separatist group. The request forms one of the reliefs in a motion for a stay of execution filed yesterday before the apex court by the office of the Attorney-General of the Federation (AGF). According to TheNation, the motion contained a seven-ground notice of appeal, in which the Federal Government not only faulted the lower court’s…
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2023:  ‘If I were not in PDP, you will see me working for Peter Obi’ — Ortom

2023: ‘If I were not in PDP, you will see me working for Peter Obi’ — Ortom

Governor Samuel Ortom of Benue State has said he would rather work for the success of Peter Obi, the presidential candidate of the Labour Party, if he were not to be a member of the Peoples Democratic Party, PDP. Ortom stated this on Wednesday when he hosted Obi at his private residence in Abuja. He said, “I’m in PDP and I am working for PDP but I tell you if I were not in PDP, you will see me working for Peter Obi but I am in PDP. Let’s see how things work our but the truth is that the…
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Oil Theft: Navy Hands Over Vessels, Crew to EFCC

Oil Theft: Navy Hands Over Vessels, Crew to EFCC

Two vessels, MT Platform and MV Caribbean Crest alongside a crew of 22 suspected oil thieves were on Tuesday, October 18, 2022 handed over to the Economic and Financial Crimes Commission, EFCC, for further investigation and possible prosecution by the Nigerian Navy. Commanding officer of the Nigerian Navy Forward Operating Base, Bonny, Rivers State, Lieutenant Commander MG Munza disclosed that the vessel, MV Caribbean Crest and her crew members were arrested on the 15th of February, 2022 at the Bonny Fairway Buoy with an unspecified quantity of stolen Petroleum Product suspected to be automotive gas oil (AGO), while MT Platform…
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