News
BREAKING: Jim Obazee Concludes CBN Probe, Submits Report To Tinubu
Published
1 year agoon
By
Editor
President Bola Ahmed Tinubu has officially closed Jim Obazee’s investigation into operations of the Central Bank of Nigeria, CBN.
Tinubu appointed Obazee as a special investigator to probe the CBN and other related entities.
His appointment was contained in a letter dated July 28, 2023.
Tinubu, on Friday, expressed gratitude to Obazee, who is also a former Chief Executive Officer of the Financial Reporting Council of Nigeria, FRC, for serving as the Special Investigator of the CBN and other associated institutions after his appointment on July 28, 2023.
READ ALSO: CBN Raises Capital Base For Mega Banks To N500bn
The President appreciated Obazee’s commitment and expertise in managing the intricacies of this vital national task.
After completing the assignment and submitting a final detailed report, and wrapping up all equipment used within the project that ended on March 31, 2024, the investigation is officially closed.
All relevant law enforcement and regulatory agencies are currently pursuing further action.
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News
Reps To Quiz Edun, Cardoso Over Non-compliance With Fiscal Responsibility Act
Published
16 minutes agoon
June 14, 2025By
Editor
The Joint House of Representatives Committee on Public Accounts and Public Assets has invited the Minister of Finance, Mr Olawale Edun, and the Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, to appear before it on Monday over allegations bothering on non-compliance with the provisions of the Fiscal Responsibility Act, 2007.
The duo are also expected to respond to the 2021 audit queries relating to internal control weaknesses identified by the Office of the Auditor General for the Federation (oAuGF).
In a letter jointly signed by the Chairmen of the House Committee on Public Accounts, Rep. Bamidele Salam, and the Committee on Public Assets, Rep. Ademorin Kuye, the lawmakers requested the Finance Minister and the CBN Governor to provide details on the remittance of operating surplus to the Federation Account by the apex bank in line with the provisions of relevant laws and regulations.
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The Fiscal Responsibility Commission and the Auditor General for the Federation had, in reports submitted to the joint committees, accused several Ministries, Departments and Agencies (MDAs), including the CBN, of failing to remit or under-remitting their operating surpluses as required by extant financial laws and regulations over the last six years.
According to the Public Accounts Committee Chairman, “these violations have negatively impacted the liquidity of the federal government and constitute a hindrance to effective implementation of the budgets passed by parliament.”
The committees stated that both the Finance Ministry and the apex bank had been given ample opportunity to reconcile their accounts and present their positions in order to determine the degree of financial liabilities involved, hence the need for a final hearing to resolve the issues.
The committee is equally reviewing a report in the Auditor General for the Federation’s statutory report which suggests that a number of public assets, which had been fully paid for, have not been completed or put into use for many years.
“Some of these projects in Dutse, Abeokuta and other locations were awarded between 2011 and 2016 but yet to be completed according to audit reports.”
News
Again, NiMet Predicts Three-day Thunderstorms, Rain From Saturday
Published
21 minutes agoon
June 14, 2025By
Editor
The Nigerian Meteorological Agency has predicted thundery and rainy weather activities from Saturday to Monday across Nigeria.
NiMet’s weather outlook released on Friday in Abuja envisaged early morning thunderstorms on Saturday over parts of Taraba, Kebbi, Zamfara, Kaduna, and Adamawa states in the northern region.
According to it, thunderstorms with rains are anticipated over parts of Kebbi, Taraba, Zamfara, Borno, Kaduna, Sokoto, Gombe, and Bauchi states later in the day.
“In the North-Central region, early morning thunderstorms are expected over parts of Benue, Plateau, Niger, the Federal Capital Territory, and Nasarawa States.
“Later in the day, thunderstorms with rains are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Benue, Kwara, Kogi, and Plateau states.
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“In the Southern region, cloudy atmosphere is expected with chances of morning rains over parts of Enugu, Ebonyi, Cross River, Lagos, Akwa Ibom, Rivers, and Bayelsa States,” it said.
NiMet predicted isolated thunderstorms with rains over parts of Imo, Enugu, Abia, Ebonyi, Anambra, Ondo, Oyo, Osun, Ogun, Ekiti, Edo, Delta, Cross River, Akwa Ibom, Bayelsa, and Rivers State later in the day.
The agency anticipated prospects of morning thunderstorms on Sunday over parts of Kaduna, Kebbi, Adamawa, and Taraba States in the northern region.
It envisaged thunderstorms with rain over parts of Taraba, Adamawa, Kebbi, Kaduna, Zamfara, Gombe, and Bauchi States later in the day.
NiMet anticipated patches of clouds with sunshine intervals with prospects of early morning thunderstorms likely to affect parts of Kogi, Kwara, Plateau, Niger, Nasarawa, Benue, and the Federal Capital Territory in the North-Central region.
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“Later in the day, thunderstorms with rains are anticipated over parts of the Federal Capital Territory, Niger, Nasarawa, Kwara, Kogi, Benue, and Plateau states.
“In the Southern region, morning thunderstorms are expected over parts of Delta, Lagos, Rivers, Bayelsa, Akwa Ibom, and Cross River States.
“Later in the day, isolated thunderstorms with rains are anticipated over most parts of Imo, Enugu, Abia, Ebonyi, Anambra, Ondo, Oyo, Ogun, Ekiti, Edo, Lagos, Cross River, Akwa Ibom, Delta, Bayelsa, and Rivers State,” it said.
The agency envisaged morning thunderstorms over parts of Kebbi, Zamfara, Kaduna, Adamawa, and Taraba States in the Northern region on Monday.
NiMet predicted thunderstorms with rains over parts of Taraba, Adamawa, Kano, Katsina, Kebbi, Zamfara, Gombe, Kaduna, and Bauchi States later in the day.
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In the North-Central region, the agency forecast patches of clouds with sunshine intervals are expected with prospects of thunderstorms with rains over parts of the Federal Capital Territory, Nasarawa, Benue, Kogi, and Niger States.
According to NiMet, thunderstorms are expected over parts of Kwara, Plateau, Nasarawa, Niger, Benue, and Kogi States in the afternoon or evening hours.
“In the Southern region, cloudy atmosphere is expected with chances of
morning rains over parts of Ogun, Edo, Ondo, Ogun, Delta, and Bayelsa States.
“Later in the day, isolated thunderstorms with rains are anticipated over most parts of the region,” it said.
According to it, the public should take adequate precaution as strong winds may precede the rains in areas where thunderstorms are likely to occur.
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NiMet urged the public to ensure that loose objects are fastened to avoid collision and avoid driving under heavy rain.
“Disconnect electrical appliances from electrical sockets. Stay away from tall trees to avoid impact from falling branches and broken trees.
“Airline operators are advised to get airport-specific weather reports (flight documentation) from NiMet for effective planning in their operations.
“Residents are advised to stay informed through weather updates from NiMet. Visit our website, www.nimet.gov.ng,” it said.
NAN
News
JUST IN: Lagos LG Chairman Dies After Prolonged Illness
Published
2 hours agoon
June 14, 2025By
Editor
The Executive Chairman of Oto-Awori Local Council Development Area, Musibau Asafa, is dead.
Asafa was said to have died during a prolonged illness.
His death, which has thrown the LCDA into mourning, was formally announced in a statement shared via Facebook on Saturday by his Chief Press Secretary, Bodunrin Ayodele.
Ayodele, however, did not disclose when the chairman died.The Executive Chairman of Oto-Awori Local Council Development Area, Musibau Asafa, is dead.
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Asafa was said to have died during a prolonged illness.
His death, which has thrown the LCDA into mourning, was formally announced in a statement shared via Facebook on Saturday by his Chief Press Secretary, Bodunrin Ayodele.
Ayodele, however, did not disclose when the chairman died.
The statement read, “Oto-Awori Local Council Development Area is in mourning following the passing of its Executive Chairman, Prince Musibau Adekunle Asafa.
“Prince Asafa, a respected politician, leader and dedicated public servant, succumbed to a prolonged illness, leaving behind a legacy of service and commitment to the people he served.
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“According to a close family member, Prince Asafa’s passing was confirmed after a long battle with illness. Despite the efforts of medical professionals, he was unable to recover and passed on, leaving his family, friends, and colleagues in shock and grief.“As news of his passing spreads, tributes and condolences are expected to pour in from well-wishers, community leaders, and government officials who had the privilege of working with him. Prince Asafa’s leadership was marked by a commitment to improving the lives of his constituents, and his contributions to the local government will be deeply missed.
“Oto-Awori LCDA has lost a dedicated servant, and his passing will be felt by many. May his legacy live on, and may his family find solace in the memories of his life and service.”
The Executive Chairman of Somolu Local Government Area, Abdul-Hamed Salawu through the Somolu LGA social media accounts on Saturday also condoled with Oto-Awori LCDA over the chairman’s demise.
The post read, “The executive chairman of Somolu Local Government, Abdul- Hammed Salawu, has sent the condolences of the Executive, Legislature, Management and the people of Somolu Local Government to the people of Oto- Awori LCDA and APC family, over the painful demise of Prince Musbau Adekunle Asafa, the executive chairman of Oto- Awori LCDA.
“May his gentle soul rest in perfect peace.”
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