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Lagos airport fire completely destroyed our communication equipment – NAMA

Nigerian Airspace Management Agency, NAMA, Wednesday, disclosed that the inferno which engulfed the Old Terminal of the Murtala Muhammed International Airport on Monday completely affected its equipment used for air-to-ground communications. Managing Director of NAMA, Umar Farouk, however, said backup systems had been deployed to the airport to sustain operations in Lagos. Addressing newsmen after touring the facility to assess the damage caused by the fire, he said he could not yet put a figure on the magnitude of the loss. His words: “The fire has affected our air-to-ground communication completely. What you see on ground to sustain air traffic service is the backup that we moved from other places to sustain Lagos. The truth of the matter is that with what I have seen, we have a lot to do when we are out of the situation. It is going to be very difficult for me to tell the magnitude of the loss, it will take us a while to do so. “We were in a management meeting when this incident was...
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CBN reduces interest rate to 26.5%.

…As External Reserves hit $50.4 b …20 banks cross recapitalization threshold, mobilise N4.05 trn Emma Ujah,  Abuja Bureau Chief The Central Bank of Nigeria (CBN), yesterday, reduced the Monetary Policy Rate (MPR), the benchmark interest rate   by 50 basis points from 27 per cent to 26.5 per cent. The Governor of the CBN, Mr. Olayemi Cardoso, disclosed this at the end of the 304th  meeting of the Monetary Policy Committee (MPC) in Abuja. According to him, the bank also retained the standing facilities corridor at +50 to -450 basis points and kept the Cash Reserve Requirements, CRR   unchanged (deposit money banks 45%, merchant banks 16%, and 75% for non  TSA public sector deposits). Cardoso explained, “The committee’s decision was premised on a balanced evaluation of risk to the outlook, which suggests that the ongoing disinflation trajectory would continue, largely supported by the transmission of previous monetary tightening, sustained excha...
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How we escaped assassination in Benin — Obi, Oyegun

BENIN CITY — Tension gripped Benin City, Edo State, yesterday, as 2023 Presidential Candidate of the Labour Party, LP, Mr Peter Obi, former Governor of Edo State, John Odigie-Oyegun, and other leaders of the African Democratic Congress, ADC, escaped attacks from gunmen. Few minutes after leaders of the ADC, including Peter Obi received former president of the Nigerian Bar Association, NBA, and the LP Edo 2024 governorship candidate, Olumide Akpata into the party, gunmen attacked the facility at Ogbelaka Street, Off Sokponba Road, Benin City, and the residence of the party’s National Leader, Odigie-Oyegun. Obi, narrating his ordeal, declared: “It is time to speak up. It is time those in government act. They are not going to be there forever. What they allowed to happen in the country today will take its revenge on all of us and the country.” Eyewitnesses said the attackers, who arrived in an unmarked Sienna bus and on a motorcycle, fired several gunshots and vandalised party property, i...
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Defection: Kano now united than ever before, says Gov Yusuf

Governor Abba Yusuf of Kano State said that Kano’s political gladiators are now more united than ever in the state’s political history. The Governor made the pronouncement when he received the Ward and Local Government Congress Committee, which paid him a courtesy visit on Monday. In a statement by the governor’s Chief Press Secretary, Mustapha Muhammad, Governor Yusuf emphasised that since he and many others decamped to the All Progressive Congress, APC, the giant party in Africa, more and more people have been reuniting, with family divisions now healing as well. He buttressed his earlier submission on why he and many others joined APC, “anyone who means well for the people of Kano should align with the Federal Government, because we have missed a lot.” He commended the committees for a well-done job on the Wards and Local Government Congresses across the State. Earlier in his remarks, the Chairman of the Ward/LGA Congress Committee, Mr Lantep Dabang, thanked the Governor for the com...
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Tinubu’s govt will be liable if anything happens to El-Rufai – Atiku

Former Vice President Atiku Abubakar has warned that the federal government would be held accountable if any harm comes to the former governor of Kaduna State, Nasir El-Rufai, who is currently in custody. El-Rufai had voluntarily honoured an invitation from the Economic and Financial Crimes Commission (EFCC) on February 16. Two days later, he was taken into custody by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) after being released by the EFCC. Both anti-graft agencies are investigating the former governor over alleged financial irregularities linked to his administration in Kaduna State between 2015 and 2023. In a statement issued on Monday, El-Rufai’s media aide, Muyiwa Adekeye, disclosed that the former governor had spent eight days in detention and reportedly suffered an overnight nosebleed while in custody. Adekeye added that El-Rufai’s lawyers had not been shown any remand order authorising his detention beyond the constitutionally allowed 48 ho...
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C’River Assembly removes Ogoja vice chairman amid subsisting court order

Cross River State House of Assembly has removed the Vice Chairman of Ogoja Local Government Council, Hon. Emmanuel Idi Yakubu, over allegations of gross misconduct, despite a subsisting court order restraining the Assembly from taking such action. Yakubu had earlier approached a State High Court seeking an order to stop the Assembly from proceeding with his removal. However, lawmakers went ahead with the process and removed him from office during plenary on Tuesday. The decision followed a voice vote in which 19 lawmakers voted in favour of his removal, one member abstained, while five members were absent. Before the vote, the House considered the report of its Committee on Judiciary, Public Service Matters, Public Petitions and Conflict Resolution. The report was presented by the Committee Chairman, Rt. Hon. Davies Etta, who also serves as Deputy Leader of the House. Presenting the findings, Etta recalled that the Ogoja Legislative Council had earlier issued an impeachment notice agai...
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IGP Egbetokun removed, to be replaced by Tunji Disu

The Inspector General of Police (IGP), Kayode Egbetokun, has resigned from office at the instruction of President Bola Tinubu. It was gathered from a source in the Presidency on Tuesday that Egbetokun is to be replaced by AIG Tunji Disu, the Assistant Inspector General of Police in charge of Force CID Annex, Lagos. Egbetokun was asked to resign at a meeting with the president at the Presidential Villa in Abuja on Monday, the source further said. Egbetokun was appointed by President Tinubu as the 22nd indigenous Inspector General of Police on 19 June 2023 while the Police Council confirmed the substantive appointment on 31 October that year. Egbetokun, who was 58 years old on appointment as IGP, was due for retirement on 4 September 2024, upon reaching the mandatory age of 60. However, the National Assembly amended the police law, allowing him to serve his full four-year term as IG unless removed by the president. He was thus expected to complete his four-year tenure and remain in offic...
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