Day: February 7, 2024

EFCC Set Up Special Task Force, Declare War Against Dollarization of Economy, Mutilation of Currency

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EFCC Set Up Special Task Force, Declare War Against Dollarization of Economy, Mutilation of Currency The Economic and Financial Crimes Commission (EFCC) has declared war against currency mutilation and dollarization of the economy. Making the step a top priority, the nation’s anti-graft agency announced on Wednesday that to ensure effective implementation, the Commission has established a Special Task Force in all its Zonal Commands. Under the leadership of the Executive Chairman, Ola Olukoyede, the Task Force has been tasked with safeguarding the economy from various forms of abuse, leakages, and…

Customs CG, Adeniyi Proposes N706 Billion Budget For Projects, Staff Welfare

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Customs CG, Adeniyi Proposes N706 Billion Budget For Projects, Staff Welfare The Senate Committee on Customs at the National Assembly received the 2024 budget of the Customs Service from the Comptroller-General of Customs, Adewale Adeniyi. Defending the proposed budget, Adeniyi emphasized the importance of consolidating ongoing projects, enhancing staff welfare, and incorporating technology into Customs processes. He highlighted the measures that will be taken to improve officers’ efficiency and well-being, including awards, promotions, and allowances. Adeniyi also expressed his commitment to surpassing the revenue target for 2024, which is set…

INEC Announces Schedule For Supplementary Election In Taraba, New Re-run in Enugu

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INEC Announces Schedule For Supplementary Election In Taraba, New Re-run in Enugu The Independent National Electoral Commission, INEC, has announced that a supplementary election will be held in Taraba, and a new re-run election will take place in Enugu State on February 14. This decision was made during the commission’s regular meeting on Tuesday, where various matters were discussed, including the outcome of the recent re-run and by-election held on Saturday. The by-election was conducted in nine constituencies to fill vacant seats that became available due to the death or…

Food Scarcity in Nigeria: Details Of Meeting Between Tinubu’s CoS, Gbajabiamila, Ribadu, Ministers Emerge

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Food Scarcity in Nigeria: Details Of Meeting Between Tinubu’s CoS, Gbajabiamila, Ribadu, Ministers Emerge At the Presidential Villa in Abuja on Tuesday, a crucial meeting took place involving the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, National Security Adviser (NSA) Mallam Nuhu Ribadu, key ministers, and the governor of the Central Bank of Nigeria, Yemi Cardoso. The main agenda of the meeting was to discuss the pressing issues of food security and the recent protests that have erupted in some states. The meeting, which commenced at approximately 5:30…

CBN Threatens To Deal With Banks Engaging In Unauthorized Withdrawals From Customers’ Account

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CBN Threatens To Deal With Banks Engaging In Unauthorized Withdrawals From Customers’ Account The Central Bank of Nigeria (CBN) has committed to take strong action against any bank that undermines monetary policies or engages in unauthorized withdrawals from customer accounts. The Governor of the apex bank, Olayemi Cardoso, emphasized this pledge on Tuesday during a briefing with members of the House of Representatives in Abuja. To ensure stricter oversight, Cardoso said certain departments within the CBN are being reinforced to enhance surveillance. The CBN Governor stated that any reported instances…