Gunshots As Ododo ‘Smuggles’ Yahaya Bello Out
Photo Credit: Daily Trust
Sounds of gunshots rend the air as Governor Usman Ododo of Kogi State departed the residence of Yahaya Bello, his predecessor, on Wednesday.
Officials of the Economic and Financial Crimes Commission (EFCC), had stormed Bello’s residence to arrest him.
After hours of being unable to secure their mission, the security operatives had reinforced with backup support from the Police and Department of State Services (DSS).
Daily Trust understands that they were planning to forcefully arrest him before the arrival of Ododo.
CBN reduces banks’ LDR to 50%
Photo Credit: The Cable
The Central Bank of Nigeria, has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to 50 percent to align with the current monetary tightening.
LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.
An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.
CBN disclosed the increase in a circular on Wednesday titled ‘Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy’, signed by Adetona Adedeji, its acting director of the banking supervision department.
Three sentenced to death by hanging in Edo
Photo Credit: Punch Newspapers
Three persons, Solomon Abuede, James Monday and Kelvin Edward, have been sentenced to death by hanging for armed robbery, kidnapping and murder in Edo State.
The sentence was handed over to the trio at the High Court in Benin by Hon Justice R. Irele-Ifijeh for the kidnapping and murder of one Ephraim Akhere in Ihumudumun Quarters, Ekpoma, the headquarters of Esan West Local Government Area of Edo State, on June 13, 2014.
The court also sentenced one Oviasogie Sunday to life imprisonment for receiving an Infinity Jeep with registration number EFR 218 FB, property of the late Akhere, which was stolen after his murder.
The offences are punishable under Section 3 of the Kidnapping Prohibition Amendment Law of Edo State 2013 and the Armed Robbery and Fire Arms Act.
Tinubu directs inclusion of NOUN graduates in NYSC scheme, law school
Photo Credit: Punch Newspapers
President Bola Tinubu, has directed the Ministry of Education to include graduates of the National Open University in the National Youth Service Corps scheme.
Tinubu, also resolved the longstanding admittance of NOUN Law graduates to participate in Law School in the country for equal opportunities.
He made the disclosure during his presentation at the 13th convocation ceremony of NOUN on Saturday, at the university’s Convocation Arena, Jabi, Abuja.
Before now, NOUN graduates in 2017 were assured by the former vice chancellor of the institution, Abdallah Adamu, that they would soon be able to participate in the National Youth Service Corps and the Nigerian Law School.