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The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank Plc that they will receive their insured funds following the bank’s liquidation. This announcement came shortly after the Central Bank of Nigeria (CBN) revoked Heritage Bank’s commercial banking license and appointed the NDIC as the liquidator. NDIC spokesman Bashir Nuhu confirmed that depositors…
In a move aimed at safeguarding Nigeria’s financial system, the Central Bank of Nigeria (CBN) has taken decisive action by revoking the operating license of Heritage Bank Plc. The decision, announced by Hakama Ali, the Acting Director of Corporate Communications at the CBN, underscores the regulatory body’s commitment to upholding the integrity and stability of…
Chief Malcolm Emokiniovo Omirhobo has issued a strong plea to the Nigerian Army and the Federal Government, urging them to exercise restraint and adhere to the rule of law in response to the recent tragic events in Aba, Abia State. The appeal follows the unfortunate loss of soldiers and property in the area, prompting the…
In a recent press release issued by the Nigerian Army’s Director of Defence Media Operations, Major General Edward Buba, a condemnable attack on troops of Operation UDO KA in Abia State has been reported. The incident occurred on the 30th of May, 2024, at the Obikabia Junction Checkpoint in Obingwa Local Government Area, adjacent to…
In a significant development amidst ongoing political turmoil, the Rivers State High Court in Port Harcourt has declared the seats of 25 lawmakers vacant following their defection from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). This decision was handed down by Hon. Justice Charles Wali in Suit No. PHC/1512/CS/2024, amidst a…
The elders of Kano South have issued a strong appeal to Governor Abba Yusuf to overturn the recent ruling on the Kano Emirate Law and reinstate the previously disbanded emirates. This plea was articulated by Musa Salihu Doguwa, Chairman of the Elders Forum, during a media briefing at the NUJ Secretariat Farm Center in Kano….
In a significant development, the Federal Government of Nigeria has taken the governors of the 36 states to the Supreme Court, alleging mismanagement of Local Government Areas (LGAs). This lawsuit, initiated by the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, aims to secure full autonomy for LGAs, positioning them…
The Nigerian anti-corruption community is in mourning following the death of Ibrahim Lamorde, the former chairman of the Economic and Financial Crimes Commission (EFCC). Lamorde, who was 61 years old, passed away early Sunday in Egypt, where he had been receiving medical treatment. The cause of death has not been disclosed, but his passing was…
In a recent statement, Nasir El-Rufai, former governor of Kaduna State and former minister of the Federal Capital Territory, emphasized the urgent need to reclaim the federal character of Nigeria. El-Rufai, who chaired the APC Committee on True Federalism, highlighted the importance of devolving powers and responsibilities to the subnational level in order to unleash…
Renowned US rapper Nicki Minaj was reportedly arrested at Amsterdam’s Schiphol Airport on Saturday on suspicion of possessing soft drugs. The rapper was later released after paying a fine. Minaj, 41, shared photos on social media showing her being questioned by officials before her scheduled performance in Britain later the same day. While Dutch police…