N2.7bn fraud: Sirika, daughter plead not guilty to charge

The former Minister of Aviation and Aerospace, Hadi Abubakar Sirika, is presently being arraigned before Justice Sylvanus Orji of the Federal Capital Territory High Court in Abuja. Sirika, who was docked alongside his in-law and daughter, Fatima, pled not guilty to all the charges preferred against them after it was read to them. The defendants…

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[UPDATED] Reps direct CBN to suspend cybersecurity levy

The House of Representatives Thursday asked the Central Bank of Nigeria to withdraw the circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country, The Nation reports. The motion on the urgent need to halt and modify the implementation of the cybersecurity levy was moved…

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FG scraps signature bonus payment for oil blocs

The Federal Government has waived the signature bonus requirement in the bidding process for newly auctioned oil blocks. The Minister of State for Petroleum Resources, and Oil, Mr Heineken Lokpobiri, said this exemption is to attract fresh investments and ramp up oil output. He disclosed this on the sidelines of the ongoing 2024 Offshore Technology…

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Owner of demolished beach business declares support for Lagos-Calabar coastal road

Bolaji Ariyo, Mami Chula Beach’s Chief Executive Officer and one of the affected property owners in the Lagos-Calabar Coastal Road construction says millions stand to benefit from the project. The Minister of Works, David Umahi, had last week disclosed that the Federal Government would pay N2.75bn in compensation to property owners affected by the demolition necessary for the construction…

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Cybersecurity levy arbitrary, illegal, out of touch – northern elders

The Ango Abdullahi-led Northern Elders Forum, on Thursday, condemned the Central Bank of Nigeria’s decision to impose a cybersecurity levy on bank customers across the country. The NEF through its  Director of Publicity and Advocacy, Abdul-Azeez Suleiman, in a statement, released in Kaduna, expressed dissatisfaction with the policy. The Forum cited the escalating costs associated…

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