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Four Nigerian fintech companies have been directed by the Central Bank of Nigeria (CBN) to suspend onboarding new customers. The affected fintech are OPay, Palmpay, Kuda Bank, and Moniepoint. This directive comes amidst investigations into allegations that accounts on these platforms have been used for illegal foreign exchange transactions. A representative from two of the affected companies confirmed the CBN’s order is linked to these accusations. However, they noted that the directive might be misdirected, as the majority of the implicated accounts belong to commercial banks, not fintech platforms. “I can confirm that 90% of the accounts implicated in the illicit forex transactions are with commercial banks, and only 10% are with fintechs,” one of the sources said. “Why then has the CBN not extended this directive to the commercial banks? We face a widespread issue here, and targeting fintechs seems like an unfair focus on the more vulnerable targets.”

The Governor of Edo State, Godwin Obaseki, on Monday, April 29, approved a new minimum wage of N70,000 for civil servants in the state. The governor made the announcement at the inauguration of the newly built ultra-modern Labour House secretariat complex for labour unions in the state, along Temboga Road, Ikpoba-Hill, Benin City. According to him, the new wage comes into effect on May 1st, 2024.

The Benue State Governor, Rev. Fr. Hyacinth Alia, on Friday, asked his predecessors to refrain from interfering in his administration, saying they already had their term. The governor gave the warning while briefing journalists in Makurdi on his return from the United States of America. Though, the governor did not particularly mention anybody, the immediate past governor of the state, Samuel Ortom had during the celebration of his 63rd birthday said that those advising the governor to be at daggers drawn with the Secretary General of the Federation, Senator George Akume, did not have the interest of the state. But speaking to journalists in Makurdi, Alia asked his predecessors to henceforth shut up. The governor stated that he would not allow anyone to destabilize his administration. He said, “I can’t allow anyone whether a former governor or Civil Servant. If you are a former governor and you have nothing to contribute to Benue, shut up. You had your term you went through it, and all...

A Kogi State High Court sitting in Lokoja has ordered the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, to appear in court on May 13, 2024, to show cause why an order of committal should not be made against him for allegedly disobeying court order. The EFCC boss is facing a contempt charge for carrying out “some acts upon which they (the EFCC) have been restrained” by the Court on February 9, 2024, pending the determination of the substantive Originating Motion. Justice I. A. Jamil, delivering a ruling in Suit No: HCL/68M/2024 and Motion No: HCL/190M/2024, ordered that “the said act was carried out by the Respondent (EFCC) in violation of the order, which was valid and subsisting when they carried out the act. That same act of the Respondent amounts to Contempt. EFCC operatives had laid siege on the residence of the immediate past Governor of Kogi State, Alhaji Yahaya Bello, as early as 8 am on April 17, 2024, with a bid to arrest him, despite a court ...

The President General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu has appealed to the warring factions in the Rivers State to sheath their swords and allow peace to reign. Chief Iwuanyanwu who made the appeal while answering questions from journalists in Owerri said the misunderstanding between the group loyal to the Minister of the FCT, Nyesom Wike, members of Rivers House of Assembly and Governor Siminalayi Fubara should be resolved amicably. The Ohanaeze Ndigbo’s leader noted that such resolution is in the interest of peace, development of the people of Rivers State, the entire Eastern region and Nigeria in general. He stressed that Ohanaeze Ndigbo was observing the situation with great concern and is very uncomfortable with the development. Chief Iwuanyanwu noted that both former Governor Wike and his successor are their sons and wondered why they could not come to a roundtable to resolve their differences so that Rivers State can progress. He emphasised that only the F...

The federal government (FG) says it has approved the commencement of flight services from Abuja to London by Air Peace. Festus Keyamo, minister of aviation and aerospace development, spoke on Channels television on Thursday. Keyamo said he gave the approval for Air Peace to add Abuja to its London route on April 24. “Just yesterday (Wednesday), I approved Air Peace for the Abuja-London route, not only Lagos-London route,” the minister said. “British Airways also come to Abuja. “So, let Air Peace block that path and start a war. It’s all for the good of Nigerians.”

PDP CRISIS AND THE STRUGGLE FOR NATIONAL LEADERSHIP OF PEOPLES DEMOCRATIC PARTY: NORTHERN GROUP REJECTS ATIKU ABUBARKAR ENDORSES NYESOM WIKE AS NATIONAL LEADER OF PARTY The attention of the AREWA PDP TRANSPARENCY GROUP has been drawn to several media publications about who becomes the National Leader of the Peoples Democratic Party (PDP) to champion the state of affairs of the Party in the forthcoming National Executive Council Meeting and beyond. Leadership means care, concern and responsibility. It is not self serving, not periodic and not spontaneous. The PDP as the biggest opposition party in Africa has suffered a lot of Leadership Crises which resulted in its loss of Power at the National Level from 2015 till date.  These Crises are largely self inflicted due to insensitivity, lack of political vision, lack of care, concern and respect for the Vision of the Founding Fathers of the Party, and for the yearnings and aspirations of the Nigerian Citizenry. Charity, they say, begins...

A Deputy Commissioner of Police attached to the Force Criminal Intelligence and Investigations Department (FCIID), Gbolahan Olugbemi has allegedly committed suicide in Ogbomoso, Oyo State. The body of the DCP, who had served as an aide to former Governor Adebayo Alao-Akala was reportedly discovered in his apartment with noose round his neck hanging. Though, full investigation is yet to be carried out to ascertain the cause of his death, a source told Vanguard that it looks like a suicide. The deceased DCP Gbolahan Olugbemi was said to have come home for the Easter celebration and arrived at his residence at Petros Academy Street, Federal Low cost area with no one accompanying him. The deceased officer whose age is put at 50 plus was the Aide De Camp of late Governor Adebayo Alao-Akala during his eleven month tenure from 2006-2007. Vanguard gathered that his residence has been cordoned off and sympathizers stood in clusters mourning the tragic end of the gallant officer. One of his neig...