Author: Chronicle Editor

The Economic and Financial Crimes Commission, EFCC, has sought the assistance of the International Police Organisation (Interpol), on the extradition of Nigerian treasury looters and cybercrime suspects, hibernating abroad as well as the fleeing officials of Process and Industrial Developments Nigeria Limited (P&ID). The acting chairman of the EFCC Mohammad Umar Abba, made the appeal on Tuesday, November 24, 2020 when a delegation of the National Central Bureau of Interpol Nigeria, led by Garba Baba Umar, a commissioner of police, came on a courtesy visit to EFCC headquarters, Abuja. Abba disclosed that the Commission needed the support of the Interpol…

Chancellor of the Exchequer Rishi Sunak warned the UK will suffer its deepest recession in more than 300 years as a result of the coronavirus pandemic, with 2.6 million unemployed, as he set out government spending plans. “Our health emergency is not yet over and our economic emergency has only just begun,” Sunak told Parliament. “So our immediate priority is to protect people’s lives and livelihoods.” In his statement to the House of Commons, Sunak announced: A pause to pay rises for public sector workers in non-health roles An increase in the National Living Wage to 8.91 pounds ($11.89) an…

…forwards Buhari’s request for confirmation of INEC chair, others to relevant Committees The Senate on Wednesday confirmed the appointments of seven nominees to the Federal Competition and Consumer Protection Commission. This was just as the Upper Chamber rejected Mrs. Yinka Osoba Akpata as Executive Commissioner to represent the South West on the Commission. The confirmation of the nominees followed the consideration of the report of the Senate Committee on Trade and Investment. Chairman of the Committee, Senator Francis Adenigba Fadahunsi (PDP- Osun East), in his presentation said that the panel recommended Akpata’s rejection as a result of her failure to…

…As President appoints Zuru as National Commissioner to replace Nahuche The Senate on Tuesday received a request from President Muhammadu Buhari to confirm the Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, for a second and final term in office. The request was contained in a letter dated 21st October, 2020, and read on the floor by the President of the Senate, Ahmad Lawan. The letter reads: “In accordance with the provision of Section 154(1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), I am pleased to present for confirmation by the Senate,…

Senator Elisha Abbo has announced his defection from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC). The Senator who is representing Adamawa North in the Senate House of Assembly announced his defection in a letter addressed to the House. Senate President Ahmad Lawan read the letter during Wednesday’s plenary session. In the letter, Senator Abbo explained that his decision to defect to the APC is because of the mismanagement of the PDP in Adamawa state by Governor Umaru Fintiri. Abbo was the senator who was accused of assaulting a woman in an adult toy shop in…

Justice Muhammad Tukur of State High Court, Kaduna today November 24, convicted and sentenced the duo of Maryam Muhammad Jallo and Rukaiya Muhammad Jallo to ten years imprisonment for offences that border on criminal breach of trust. The pair who are blood sisters were prosecuted on an amended one count charge by the Kaduna Zonal office of the Economic and Financial Crimes Commission, EFCC. The charge reads, “that you Maryam Jallo and Rukaiya Jallo on the 30th day of March, 2019 in Kaduna within the judicial division of this Honourable Court, while being entrusted with the sum of One Million…

Justice Okon Abang of the Federal High Court, Abuja on Wednesday revoked the bail he granted to Faisal Maina, son of Abdulrasheed Maina, former chairman, Pension Reform Task Team (PRTT). He also issued a bench warrant against him and ruled that his trial will continue in his absence. The younger Maina, who is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a three-count charge of money laundering and false declaration of assets was admitted to bail on November 26, 2019 in the sum of N60 million with one surety in like sum. The surety, the judge ruled,…

The bodies of three children were found in a car parked at the home of a retired police officer at Ugwu Ogede in Itchi, Igbo-Eze South local government area of Enugu State yesterday. The victims, identified as Chibugo Eze, Chinenye Eze, and Ebuka Ene, were reported missing after they went to fetch water at a commercial borehole owned and located at the home of a former police officer. It was gathered that two other children, named Kingsley Eze, and Mmasichukwu were equally rescued from the same car. 2023: APC Should Honour Zoning Agreement – Fashola Upon resuscitation, they claimed that…

South Korea has decided to withdraw its candidate Yoo Myung-hee from the race for World Trade Organisation (WTO) Director-General (DG), Washington Trade Daily has reported. Myung-hee is South Korea’s trade minister and its candidate for the top job at the WTO following the resignation of Roberto Azevedo. Nigeria’s candidate in the WTO race Dr. Ngozi Okonjo-Iweala had secured the popular vote by a wide margin on October 28, but was not named DG because the United States (US) opposed her candidacy. The two women are the last candidates standing and the eventual winner will set a record as being the…

Nigeria is grappling with additional challenges, including a faster rate of inflation, as the gap between official and parallel segment of the foreign exchange (FX) market continues to widen. As of yesterday (Tuesday), the differential between the two windows had hit N110, which experts said would increase informal remittances and discourage genuine investors who might be waiting to bring in funds. This comes as the Monetary Policy Committee (MPC) retained the policy rate at 11.5 per cent yesterday as it ended the last session for the year. The policy rate is the benchmark against which other lending rates in the…