Author: KANABE MEDINAT, Editor

LAGOS, Nigeria (VOICE OF NAIJA) -Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos has adjourned the trial  of Prof. Uche Chigozie Edwin,  a defendant that allegedly defrauded maize farmers the sum of  N1.4billion,  till May 20, 2024, just as the Economic and Financial Crimes Commission, (EFCC), opened its case presenting its first witness.  According to a statement signed by the Head, Media and Publicity, EFCC, Mr Dele Oyewale, the EFCC had on Thursday, February 15, 2024 re-arraigned Edwin, alongside his companies, Visionary Integrated Consulting Limited, NEMAD Associates Limited and Revamp Global Enterprise, on 11-count charges bordering on…

LAGOS, Nigeria (VOICE OF NAIJA) -The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) , on Wednesday,  secured the conviction and sentencing of one Yusuf Isiaka, before Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos.  Isiaka was arraigned on one-count charge bordering on Naira racketeering under Section 21(4) of the CBN Act. According to a statement by the Head, Media and Publicity, (EFCC), Mr Dele Oyewale, the charge reads: “That you, Yusuf Isiaka on the 17th of February 2024, in Lagos within the jurisdiction of this Honorable Court engaged in hawking the total sum…

LAGOS, Nigeria (VOICE OF NAIJA)-The Nigerian National Petroleum Company Ltd (NNPCL) says that the company is committed to utilising Nigeria’s abundant gas resources to trigger Nigeria’s industrialisation and economic development. NNPCL’s Executive Vice President, Upstream, Oritsemeyiwa Eyesan disclosed this on Tuesday during a panel session hosted by the NNPC Ltd at the ongoing 2024 CERAWeek Conference in Houston, the United States. Eyesan, whose session addressed the theme, “What are the Choices for Upstream Strategies?” said Nigeria is a predominantly gas-rich country which boasts of over 200TCF of gas that can be leveraged for the country’s industrialisation and economic development. She noted…

LAGOS, Nigeria (VOICE OF NAIJA)-All is set for Guaranty Trust Holding Company Plc to hold her 2024 GTCO Food and Drink Festival. The company announced dates and venue in a statement issued on Wednesday in Lagos State. The Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said: “We are delighted to bring to our customers, exhibitors, and food lovers from across Africa and beyond, another edition of an event that is a celebration of not just food, but of the rich tapestry of cultures and traditions that make African cuisine so unique. “Our vision for curating…

LAGOS, Nigeria (VOICE OF NAIJA)-In a bid to reduce post-harvest losses by farmers and subsequently enhance food security in Nigeria, the Lagos Chamber of Commerce and Industry (LCCI) has urged the government to intensify efforts to strengthen agricultural value chains. LCCI stated this in a statement on rising inflation, signed by its Director General, Dr. Chinyere Almona, on Wednesday. LCCI pointed out that the approach includes the establishment of more storage facilities and the promotion of agro-processing industries. She said if the government harmonises its fiscal and monetary instruments to tackle the cost of agricultural production, enhance food processing and…

LAGOS, Nigeria (VOICE OF NAIJA)-The naira yesterday appreciated to N1,300 per dollar in the parallel market from N1,305 per dollar on Wednesday However, the naira depreciated in the Nigerian Foreign Exchange Market (NAFEM) yesterday to N837.49 per dollar. READ ALSO: Foreign Investors Inject $823 Million Into Nigeria’s Forex Market Data from FMDQ showed that the indicative exchange rate for the I&E window rose to N837.49 per dollar from N801.1 per dollar on Tuesday, indicating N36.39 depreciation for the naira. Consequently, the gap between the official and parallel market exchange rates narrowed to N462.51 per dollar yesterday from N496.9 per dollar…

LAGOS, Nigeria (VOICE OF NAIJA)-Experts have impressed on President Bola Ahmed Tinubu the need to address the issue of multiple taxation for small business owners who aside from contending with the challenges arising from the current unfavorable economy, are also being subjected to heavy taxation capable of sending out of the market these sets of business owners. Founder, Managing Director/Chief Executive Officer, No Left-Overs Nigeria Limited, Mrs. Ayodeji Megbope made this call at the 11th edition of Inspiring Change Conference 2024 with the theme: ‘Enormous Possibilities: Navigating Uncertainty With Confidence.’ The event was organised in commemoration of International Women’s Day…

LAGOS, Nigeria (VOICE OF NAIJA)- The Lagos State Government is considering a pro-health levy onSugar-Sweetened Beverages (SSB) to boost public health and lower therising non-communicable diseases (NCDs) burden. Commissioner for Health Prof. Akin Abayomi noted that an SSB levy wouldcontribute to driving the state’s human capital agenda – healthierchildren and good nutrition – and positively impact its health andeducation sectors. The global public health expert spoke Tuesday during a meeting withtransparency watchdog Corporate Accountability and Public ParticipationAfrica (CAPPA), United States-based Global Health Advocacy Incubator andthe Centre for the Study of Economies of Africa (CSEA). Prof. Abayomi’s comments followed the delegation’s…

LAGOS, Nigeria (VOICE OF NAIJA)- The much awaited food bazaar by the Lagos state has kicked off as Lagos state Governor Babajide Olusola Sanwo-Olu directed that ‘Ounje Eko’ food markets commence operations. The markets have been tasked with selling discounted food items across the five divisions of Lagos. The food items including; rice, beans, garri, bread, eggs, tomatoes, and pepper, among others – will be sold at a 25% discount to residents. Justifying the introduction of this initiative, the Commissioner for Information and Strategy, Gbenga Omotosho on Saturday, said, it “To prevent sharp practices and ensure the foodstuff reaches a…

To say that President Bola Ahmed Tinubu has enormous powers is certainly stating the obvious. Indeed, one of such powers is the power to hire and fire political appointees at will. But in exercising that power, it remains to be seen if Mr. President has allowed proper due diligence to take place in some of the appointments he has made public so far. Clearly, there is something amiss if the President has to announce the nomination of a political appointee in one minute and withdraw the nomination the very next minute! The latest in the gaffes is the withdrawal of…