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The controversy surrounding the purported misappropriation of N10 billion in funds allocated for an airport project during former Abia State governor Okezie Ikpeazu’s administration has intensified, with current Governor Alex Otti vowing to recover the funds before considering legal action. During a media session on Thursday night, Governor Otti unveiled details of the alleged financial…
The Nigerian Army has reunited Lydia Simon, a Chibok schoolgirl abducted by Boko Haram in April 2014, with her family. Alongside her three children, Lydia was handed over to the Borno State Government by Major General Waidi Shuaibu, Theatre Commander of North-East Joint Task Force, Operation Hadin Kai, at a ceremony held at the Mailmalari…
In a remarkable acknowledgment of academic excellence and international collaboration, Professor James Chukwuma Ogbonna, a distinguished microbiologist and former Deputy vice-chancellor at the University of Nigeria (UNN), is poised to receive a prestigious national honour from the Japanese government. He is the current and pioneer Vice-chancellor of State University of Medical and Applied Sciences in…
The Enugu State University of Science and Technology, ESUT, has appointed Professor Rita Ani, of the department of Human Kinetics and Health Education as the Director of Sports.
A contentious legal battle has emerged between cryptocurrency platform Binance and Nigerian authorities, with allegations of a $150 million bribery demand surfacing amidst accusations of money laundering and tax evasion. The saga unfolded with accusations levied by Binance against top Nigerian government officials, claiming they demanded a staggering $150 million in cryptocurrency to resolve a…
After a two-week absence, Nigeria’s President Bola Tinubu has returned to the nation’s capital, Abuja, amid speculation and anticipation. The President’s arrival at the Aso Rock Villa, his official residence, early Wednesday morning marked the end of his overseas engagements, as reported by PUNCH Online. Tinubu’s return was eagerly awaited, especially after his Special Adviser…
In a significant operation aimed at quelling the activities of criminal elements, troops of Joint Task Force Operation UDO KA successfully neutralized an IPOB/ESN commander in Imo State, Nigeria. Following the seizure of the notorious IPOB/ESN stronghold at Mother Valley, the criminal elements had been attempting to establish alternative camps in the surrounding areas and…
In a bid to bolster cybersecurity measures within the financial sector, the Central Bank of Nigeria (CBN) has mandated a 0.5% transaction fee on cybersecurity for Nigerian deposit money banks. The levy, announced via a circular issued to all commercial, merchant, non-interest, and payment service banks, as well as mobile money operators and payment service…
The Central Bank of Nigeria (CBN) has introduced a 0.5% cybersecurity fee on electronic transactions, effective from May 6, 2024. However, this levy does not apply to certain banking transactions, as outlined in a recent circular obtained by PUNCH Online. The circular, signed by Chibuzo Efobi and Haruna Mustafa, Directors of the Payments System Management…
In response to legal requirements and Central Bank of Nigeria (CBN) guidelines, Point of Sale (PoS) companies are mandated to register their agents, merchants, and individuals with the Corporate Affairs Commission (CAC) within a two-month period. The directive was issued during a meeting between Fintech representatives and Hussaini Ishaq Magaji, the Registrar-General of CAC, held…