Tinubu Seeks Stronger Intra-Africa Investment
Photo Credit: Leadership News
President Bola Tinubu has called for synergy and stronger coordinated action to address economic frailties within African nations.
Tinubu made the call on Friday at the State House during the presentation of Letters of Credence by newly-appointed ambassadors to Nigeria.
The ambassadors who presented their credentials were Ambassador Edouard Nduwimana, Burundi Ambassador to Nigeria; Ambassador Mersole Mellejor, Philippines Ambassador to Nigeria, and the High Commissioner of Kenya to Nigeria, Isaac Parashina.
N20tn pension fund safe – FG
Photo Credit: Punch Newspaper
The Federal Government on Thursday denied an allegation that it intended to borrow the N20tn pension fund for infrastructure development.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in a statement in Abuja, said the government would comply with the established rules and regulations governing the pension fund.
The minister was reported to have told journalists, after a two-day Federal Executive Council meeting at the Presidential Villa on Tuesday, that the government would unveil a plan to harness local funds, including the fund, to finance infrastructure development.
However, in a statement in Abuja on Thursday, Edun noted that the pension industry, similar to other sectors in the financial industry, is strictly regulated by specific legal frameworks.
We Are Disappointed In Nigerian Court Ruling – Binance Reacts To Denial Of Bail To Detained Executive
News Source: Sahara Reporters
Binance Holdings Limited, a global company that operates the largest cryptocurrency exchange has expressed its displeasure in the Nigerian court ruling on Friday, denying bail to its official, Tigran Gambaryan, being tried for alleged money laundering offences in the country.
SaharaReporters earlier reported on Friday that the Federal High Court in Abuja, on Friday, denied the bail application of a Binance executive, Tigran Gambaryan, in a money laundering trial.
The trial judge, Justice Emeka Nwite refused to grant the bail application, saying he had resolved that the defendant would jump bail if granted.
Justice Nwite agreed with prosecuting lawyer, Ekele Iheanacho that, with the earlier escape of Gambaryan’s co-defendant, Nadeem Anjarwalla (the Binance Regional Manager for Africa) from custody, it would be unwise to grant bail to Gambaryan.
Bribery allegations: Kano court fixes date for Ganduje’s arraignment
News Source: Daily Post
Kano State High Court No. 7 has re-scheduled the arraignment of the National Chairman of All Progressives Congress, APC, Abdullahi Ganduje to June 5.
Ganduje is standing trial alongside his wife Hafsat Umar, his son, Abdullahi Umar and five others
The defendants in the case included Abubaka Bawuro, Jibrilla Muhammad, Lamash Properties Limited, Safari textile Ltd., and lasage General Enterprise Ltd.
NAN recalls that Kano State High Court No. 5 presided over by Justice Usman Na’abba had earlier scheduled May 16 for ruling on the request substituted service on the defendants.
This was before the State Chief Judge, Justice Dije Aboki reassigned the case to High Court No 7 presided by Justice Amina Adamu.