Day: February 17, 2021

Stanbic IBTC Gives N34.8m In Scholarship to Successful UTME Students

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has awarded scholarships to successful candidates in the 2019 and 2020 University Tertiary Matriculation Examinations (UTME). This was done as part of its aspiration to encourage hardwork and excellence in academic pursuit. The 87 beneficiaries were drawn from the 36 states of the federation and…

Senate Asks Buhari To Declare State Of Emergency On Security

The Nigerian Senate on Wednesday called on President Muhammadu Buhari to urgently declare a state of emergency over the prevalent insecurity in the country. The Senate who in strong terms condemned the kidnap of students and teachers of Government Science Secondary School, Kagara, Niger State, by unidentified gunmen, further called on the President to “consider…

FG Spends N50b Subsidizing Electricity Monthly – Minister of Power

Worried by the incessant complaints by ordinary Nigerians over the unavoidable and periodic increase in the cost of electricity, Minister of Power, Mr Sale Mamman said the Federal Government had been subsidizing electricity supply in the Country to the tune of over fifty billion naira. Aaron Artimas, the Special Adviser, Media and Communications to the…

EFCC Denies Corruption Allegation Against Abdulrasheed Bawa

Few hours after President Muhammadu Buhari nominated Abdulrasheed Bawa on Tuesday for Senate confirmation as the next substantive chairman of the Economic and Financial Crimes Commission (EFCC), news surfaced online that he was arrested and detained by the anti-graft agency in 2019 for selling at least 244 trucks worth between N20-30 million each to his…

US Court Sentence Invictus Obi To 10-Year Jail Term For $11m Fraud

Forbes celebrated Nigerian entrepreneur, Obinwanne Okeke popularly known as ‘Invictus Obi’ was on Tuesday in a Florida court sentenced to a 10-year jail term for computer and wire fraud. Invictus Obi was arrested in 2019 and formally pleaded guilty in June 2020 for charges relating to $11 million (N4.2 billion) computer-based fraud transacted between 2015…

Buhari Blames Elites for Rising Violence in Nigeria

President Muhammadu Buhari has attributed the series of violence and disruption being experienced in parts of the country to a few people with resources and influence. The president, who said this on Tuesday during a meeting at the State House Abuja with a delegation of Borno/Yobe Elders Forum, assured Nigerians that the culprits will be…