The Central Bank of Nigeria (CBN) has sold the sum of US$122,671,000.00 (One Hundred and Twenty-Two Million, Six Hundred and Seventy-One Thousand United States Dollars) to 46 authorised dealers in its determination to promote stability and reduce market volatility in the foreign exchange market. A statement signed by the Bank’s Director in charge of Financial Markets, Dr. Omolara Duke, disclosed that of the total sale, US$67,500,000.00 (Sixty-Seven million, Five Hundred Thousand US Dollars) was sold to 27 Authorised Dealers, while the sum of US$2.5 million (Two Million, Five Hundred Thousand…
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Tension As Dissolved OCDA, ENTRACO, Parks Management Officers Still Operating
Anger is raging in some quarters as personnel of Owerri Capital Development Authority (OCDA), Environmental Transformation Commission (ENTRACO, Imo Motor Parks and others dissolved some months ago are allegedly still operating in collaboration with some government officials who are sabotaging the appointment of new teams to take over. Investigations revealed that those opposed to the continued operation of the dissolved teams say that further stay in office does not augur well for effective internally generated revenue for the state. They allege that leaks in the system that led to loss…
Read MoreUmuezeanoruo Eziama: Nwadike Hails Organizers’ Dedication Towards 2024 Wrestling Competition
…Harps on need for culture, tradition dev. …Calls on the Ministry of Tourism, Hospitality and Culture for a revival and rebranding of our culture for Global export As the 2024 wrestling Competition edition (Male Category) of Umuezeanoruo Eziama Autonomous Community Nkwerre LGA in Imo state came to an end on July 7, Hon. Chikezie Nwadike, an illustrious son from the Community has commended the successful organization of the event. He described the team of the organizers: Mr Uche Uzoho(Nduhunogbo village ) , Mr Kelechi Ugorji(Ezekwemba village), Mr Martin Nwadike(Ezemenaha Village),…
Read MoreAppointment of Judges: Failed Candidates Allegedly Desperate to Discredit Imo CJ-Chikeka –Group
… Fingers SJC secretary-Nwosu Indications are rife that the delay in the inauguration of the new High Court judges for the Imo State judiciary, as well as the alleged petition against the Chief Judge of Imo State, Justice Theresa Chukwuemeka-Chikeka, may not be unconnected to the alleged inability of some candidates including the secretary of the State Judicial Service Commission, Nwosu Jennifer Obianuju to scale through the National Judicial Commission, NJC, final interview. A release by the Group(NGO for,Fairness, Justice/preservation of Fundamental Right) noted that the said Nwosu was allegedly…
Read MoreRestiveness: Commissioner For Niger Delta Affairs Cautions Youths Against Vandalism, Oil Bunkering
By Williams Odunze In a move to foster a peaceful atmosphere in the Oil Producing communities in Imo State, the Commissioner for Niger Delta Affairs/Intelligence, Prince Henry Okafor, has called on the youths of the Oil rich region to shun acts of violence and criminal activities such as Oil Bunkering and Pipeline vandalisation that are capable of causing low product out put. The commissioner made the call during A One-day Imo Niger Delta Stakeholders/Leaders Meeting held , Tuesday, July 10 in Owerri the State Capital. The Meeting had as it’s …
Read MoreLGs Autonomy: Supreme Court Verdict Ends Gov’s Reign As Emperors – Moghalu
Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu has said the judgement of the Supreme Court regarding the autonomy of local government allocations would reduce the reign of state governors as emperors. Moghalu described the judgement of the Supreme Court as a correct verdict, adding that local government should be encouraged if Nigeria expects development. He disclosed this via a series of posts on his X page. According to Noghalu: “The @SupremeCourtNg decision in favour of full autonomy (including direct financial allocation to LGs without passing…
Read MoreTinubu: Of Cognitive Blockade And Dangote ‘Magic’
By Steve Osuji COGNITIVE BLOCKADE AND CRIPPLING INERTIA: Nigeria continues to slide. All economic indicators are red; some are blipping, indicating danger. Those who know are in deep worry. The populace is in a trance, zombified by a never-seen-before strange situation. But the Presidency, the fulcrum of government continues in its empty braggadocio – they doodle and paper over cracks as the ship of state takes more water and totter. The hard, indeed, harsh truth which nobody wants to speak about or hear, is that the president suffers what this…
Read MoreAlleged Kidnap: Nollywood Actor Killed In Lagos
A popular Nollywood actor and producer, Henry Asonna has been shot dead by police in Lagos State during a kidnap attempt in Ladipo area of Lagos. According to Champion News Asonna was killed during a gun duel with police operatives of the Lagos State Command when he and his kidnap gang went on a kidnap prowl in Lagos. The Lagos State Command spokesman, SP Benhamin Hundeyin during a press conference, police intelligence yielded very credible and actionable intelligence about a dangerous and very notorious gang of kidnappers planning to kidnap…
Read MoreUzodinma Vs Achonu:Court Of Appeal Reserves Judgement
The Court of Appeal sitting in Abuja has reserved judgment in the appeal filed by Senator Athan Achonu, the gubernatorial candidate of the Labour Party in the November 11, 2023 governorship election. The appeal challenged the judgment of the lower court (tribunal) which was deemed erroneous by the Labour Party. In a statement by Labour Party legal Adviser, Emeka Ihejirika, Esq, the Party said it is optimistic about the outcome of its appeal stating that it will do everything in its power to reclaim its mandate through legal means. The…
Read MoreSolidarity Visit: Ikeduru Youth Alliance hails Uzodinma over Mandela’s pick as commissioner
By Ebenezer Ojor Ikeduru Youth Alliance, IYA, has thumbed up Governor Hope Uzodinma over the appointment of an Ikeduru son, Dr Emeka Mandela Ukaegbu as Commissioner for Youth Development and Talent Hunt, Imo State. IYA made the commendation Thursday, when it paid a solidarity visit to the commissioner in Owerri. IYA President, Chinasa Ekechi who felicitated with Dr Ukaegbu on behalf of the founder and sponsor of the group, Dr Obinna Obi-Njoku Jnr, expressed optimism that the commissioner would excel in his new assignment. The IYA president who also described…
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