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A statement by the Senior Special Adviser on Media and Publicity to the President on Media and Publicity, Mr Garba Shehu said “the documents submitted to the CCB, which officials say are still being vetted and will soon be made public, show that prior to being sworn in on May 29, President Buhari had less than N30 million to his name. He also had only one bank account, with the Union Bank. President Buhari had no foreign account, no factory and no enterprises. He also had no registered company and no oil wells”, the statement said. The statement further added that “the Vice President, Professor Yemi Osinbajo (SAN) who had been a successful lawyer before his foray into politics declared a bank balance of about N94 million and 900,000 United States Dollars in his bank accounts”. It added that President Buhari “had shares in Berger Paints, Union Bank and Skye Bank. The documents also revealed that “President Buhari had a total of five homes, and two mud houses in Daura...

On-line media practitioners and users of the social media platforms would now be on the radar of the Independent Corrupt Practices and other Related offences Commission, ICPC, for checks against malicious petitions and mudslinging, the Chairman of ICPC Barrister Ekpo Nta has said. He said ICPC is worried given the fact that the social media platforms are now awash with malicious petitions and mudslinging that are largely motivated by selfish interests. Barrister Nta spoke with reporters in Abuja yesterday shortly after declaring opened the capacity building workshop organised by Anti-Corruption Academy for members of States Houses of Assembly from the North-Central geopolitical zone of the country. He said the ICPC Acts empowered the bodyto investigate, arrest and prosecute masterminds of malicious petitions and urged law-makers in the country to take up the responsibility of whistle blowers in the fight against corruption. His words: “ Everybody suppose to be a...

LAGOS — The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per day. Hitherto, the domestic withdrawal limit was N150,000 per day. The new arrangement has separated traditional ATM from MasterCard credit card where the former has now been deactivated and can no longer be used for transactions abroad. Hitherto, a single ATM card serves for transactions for both domestic and abroad. Also, the restructured cards now have spending limits on POS/eCommerce (online shopping) pegged at $300 (about N60,000) per day. Before this, the limit was N2 million per day. In the new arrangement, a bank customer with multiple debit cards (AT...

You may have heard or seen the news trending on social media, that Zahra Buhari now runs an office of the 1st Daughter of the President of Federal Republic of Nigeria, and they posted these pictures as #EmpiricalEvidence. The daughter of President Muhammadu Buhari, Zahra, has received a new job as young woman posted some photos on her Twitter account. Zahra becomes new ACE charity ambassador at large. She has signed charity agreement and shaken hands with a member of board – Mrs Emem Opashi. ACE (Assisting caring and empowering) charity is a non-profit organisation making a sustainable, realistic and effective difference in the lives of Africans. A peep close look at the ceramic mug on the table would reveal the inscription of the ACE logo as further proof of this fact.

The Central Bank of Nigeria, CBN has ordered banks in the country to refund charges made on customers for daily cash withdrawal or deposits exceeding set limit in the 30 states that full cashless policy transactions has not taken place. The CBN disclosed that the new policy on cash-based transactions has not officially taken place in all the states of the country. Mr. Godwin Emefiele, Governor of Central Bank of Nigeria Briefing newsmen after the 322 Bankers’ Committee Meeting in Lagos weekend, Mr. Kolawole Balogun, who represented the Director Banking Supervision Department of the CBN, Tokunbo Martins said “At the meeting we agreed that banks should refund the charges made on customers for withdrawal and deposits in those states that cashless policy has not taken place.” According to him “ The cashless policy has officially  taken place in five states and federal capital, Abuja. The states are Lagos, Abia, Anambra, Kano, Ogun and Rivers States, as well as the Federal ...

President Buhari used just one stroke of the pen yesterday to block what many Nigeria believe is the biggest source of leakage in Government revenues, when he directed all ministries and government agencies to maintain the Single Treasury Account (TSA) domiciled at the Central Bank of Nigeria (CBN). Henceforth, all Federal Government Ministries, Department and Agencies are now to run a single account, the Treasury Single Account (TSA) for all revenues, incomes and other receipts. This is a directive issued by President Muhammadu Buhari to specifically to promote transparency and facilitate compliance with sections 80 and 162 of the 1999 Constitution, a press statement to this effect said. “Henceforth, all receipts due to the Federal Government or any of its agencies must be paid into TSA or designated accounts maintained and operated in the Central Bank of Nigeria (CBN), except otherwise expressly approved” Senior Special Assistant to the Vice President, Media & Publicity,...

LOOKING at a king’s mouth, one would think he never sucked at his mother’s breasts, says an African adage. That seems the case with some occupants of high public offices in the current political dispensation. From total obscurity, they rose to national prominence through determination and a dint of hard work. From Lagos to Ogun, Ekiti and Benue states, stories abound of individuals who had worked as commercial bus drivers, conductors, motor park touts and other lowly vocations, but are now functioning as governors, commissioners and other high profile portfolios. Numbered among them are Benue State governor, Samuel Ioraer Ortom; Ekiti State governor, Ayodele Fayose; the Speaker of Lagos State House of Assembly, Hon. Mudashiru Obasa and frontline lawyer and commissioner in the recently dissolved cabinet of Governor Ibikunle Amosun in Ogun State, Barrister Segun Odubela. Samuel Ioraer Ortom Few individuals’ stories can be as inspiring as that of Governor Samuel Ortom of Benue S...