The Federal Government has spent N177.4bn to offset payment of the wage award promised to civil servants in four months, according to Saturday PUNCH findings. The payment of wage awards to Nigerian workers was one of the deals agreed upon by the organised labour and the Federal Government as one of the ways to mitigate the effect of the removal of subsidy on Premium Motor Spirit, popularly known as petrol. According to GovSpend, a civic tech platform that tracks and analyses the Federal Government’s spending, the government, through the Office of the Accountant General of the Federation, made a monthly…
Author: IBOMBLOG
The Akwa Ibom State Government has criticised the leadership of the Centre for Human Rights and Accountability Network in the state, led by Franklyn Isong for calling for a probe into the federal allocation to the state and the 31 Local Government Transition committees. Isong had in a statement made available to newsmen said he was aware that the Federal Government, following the removal of fuel subsidies, increased allocations to states, noting that it has released N5bn and 3,000 bags of rice to Akwa Ibom State as palliatives to cushion the effect of the withdrawal of fuel subsidy. “CHRAN is…
The Transmission Company of Nigeria has announced that parts of the Federal Capital Territory will experience a seven-hour power interruption on Saturday and Sunday. This was contained in a statement by the TCN General Manager, Public Affairs, Ndidi Mbah, on Saturday. “The Transmission Company of Nigeria wishes to inform the public that its maintenance crew will carry out planned preventive maintenance on its 132/33kV 2X100MVA power Transformers in Apo Transmission Substation,” she said. The maintenance is slated for Saturday and Sunday, from 9:00 am to 4:00 pm each day. “Consequently, there will be power interruption through both transformers and Abuja…
The report, obtained on Thursday, revealed that those illicit funds dropped by approximately $9.3bn, declining from $31.5bn in 2022 to $22.2bn in 2023. The blockchain research platform noted that the drop could be attributed to an overall decrease in crypto transaction volume, both legitimate and illicit. Chainalysis noted that centralised exchanges had been the primary destination for funds sent from illicit addresses, at a rate that has remained relatively stable over the last five years. “Over time, the role of illicit services has shrunk, while the share of illicit funds going to DeFi protocols has grown. “We attribute this…
Adeniyi, while speaking with journalists on Thursday in Lagos, warned that the distributed seized food items was not to be resold. Adeniyi also warned that customs officers were banned from partaking in the exercise, adding that the rice would come in 25kg, which would be sold for N10,000. Recall that the NCS said it had concluded plans to commence the direct distribution of seized food items to Nigerians. The National Public Relations Officer of the service, Abdullahi Maiwada, disclosed this in a statement on Tuesday. Giving an update on the criteria, Adeniyi said, eligible persons must provide a Nigerian…
PUNCH Online gathered that the 17-year-old boy was drawing water from the well when his leg slipped and fell into the well. In a bid to rescue his son, Afeez slipped and fell into the same well. The Kwara State Fire Service in a statement by its Head of Media and Publicity, Hassan Adekunle, on Thursday, said Afeez was dead by the time he was rescued from the well while the boy was brought out alive. The statement read, “Today, Thursday 22nd February 2024, a man of about 49-year-old called Mr Fasasi Afeez, his son, Kaleed Afeez, of Gaa…
The Chairman of the election committtee and Governor of Crossriver State, Bassey Otu announced the final result of the exercise in the capital, Benin after the collating results from 18 Local Government Areas. Senator Okpebholo pulled a 12,433 votes to defeat 11 other aspirants who contested the primary election.
Lawrence Okah and the State Publicity Secretary, Prince Peter Uwadiae Igbinigie. In a press statement signed by the State Publicity Secretary, Prince Peter Uwadiae Igbinigie and made available to journalists in Benin City the state capital. According to the statement a vote of implicit confidence was passed on the Acting State Chairman, Comrade Jarret Tenebe, the State secretary, Engr. Lawrence Okah and the State Publicity Secretary, Prince Peter Uwadiae Igbinigie, due to the excellent ways they have piloted the affairs of the party particularly at this auspicious time of our political evolution. The SWC has enjoined them not to relent…
The protesters embarked on the protest to kick against frequent hikes in prices of frozen fish which of late rose from N34,000 to N48,000 which they said had slowed down their business. However the protest was soon hijacked by hoodlums who started stealing foodstuff from any passing trucks loaded with any edibles along Abuja-Suleja-Kaduna ever busy Highway. The massive looting of the vehicles was made easily possible because the youths blocked the highway which led to traffic holdup or standstill. Eyewitnesses report that vehicles ferrying fruits like watermelon, pineapple, oranges among others were stopped and the items stolen to…
According to Binance in a blog post on its website on Wednesday, its P-2-P platform is market-driven and not for currency pricing in Nigeria. It said, “Binance provides a P2P marketplace, not as a price discovery platform. To be clear: it is market-driven and is not intended to be a proxy for currency pricing in Nigeria. “To protect users, and to prevent any abuse, our system automatically pauses in the event of a period of significant currency movement. “Late last night, we observed a temporary suppression of prices that briefly reached our system limit. We quickly made the necessary adjustments…