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CBN Releases Guidelines for Regulation, Supervision of Credit Guarantee Companies

The Central Bank of Nigeria (CBN) on Tuesday released guidelines for registration and supervision of Credit Guarantee Companies (CGCs) in Nigeria. The guidelines are contained in a circular by Ibrahim Tukur, CBN’s Director, Financial Policy and Regulation Department, addressed to Commercial Banks, Other Financial Institutions and Stakeholders in the Financial Services Industry.

Notorious ESN/IPOB chief priest captured by Police in Imo

The Imo State Police Command has announced the successful capture of one Ikechukwu Umaefulem, the chief priest of the dreaded Eastern Security network, ESN, the militia arm of the Indigenous people of Biafra, IPOB The statement read, “One of the suspect’s revealed that they now patronises spiritual homes for attacking police stations and led the ever active Imo Command’s tactical teams to the home of one Ikechukeu Umaefulem, the Chief Priest and Spiritual leader of Life Sabbath Synagogue Amii, Akabo in Ikeduru LGA, Imo State, where he was arrested.”


At the centre of the facts of the case was a student - the Law Students’ Society President of the University of Ife. His name is Paul Usoro.Reported in 1985, the facts that led to this interesting appeal actually occurred in July, 1980. I would rather lift the relevant parts from the lead judgment of the law lord – Irikefe, JSC at pages 71 to 72 of NWLR Part 1.

The Violent Abduction of a Nigerian Diplomat in Djakarta, Indonesia: Apology Is Not Enough. BY Douglas Ogbankwa Esq

Video is currently in circulation where a Nigerian Diplomat in Indonesia was forcefully abducted in commando style by some gun men said to be immigration Officials in front of the Nigerian Embassy in Indonesia.Under this dispensation, the interests of Nigeria and Nigerians, as well as their properties have come under attack all round the World. Ironically, the major Foreign Policy thrust of this administration is Citizens' Diplomacy, which is the protection of Nigerian Citizens and their interest all around the world.

Gov. Ortom Speaks On Dumping PDP For APC

The Benue State Governor who was asked if he was considering a move to the ruling party, said APC has completely destroyed the country.Ortom further stated that he has no reason to dump the PDP, insisting that he is comfortable with the party.According to him, “How can I go back to APC that has completely destroyed Nigeria? I’m very comfortable with the PDP”.

Indonesia Apologises To Nigeria For Manhandling Diplomat

The government of Indonesia has apologised to Nigeria over the manhandling of a Nigerian Embassy staff by immigration officers.Usra Hendra Harahap, Indone­sian Ambassador to Nigeria, ten­dered the apology when he was summoned by the Minister of Foreign Affairs, Geoffrey Onyema.A statement by the Ministry stated that “the Ambassador ex­plained what he understood hap­pened and apologised unreserved­ly on behalf of the Government of Indonesia.”

FG urged Impose Special Tax on Sugary Drinks

The National Action on Sugar Reduction (NASR), a coalition of non-governmental organisations, has urged the federal government to introduce a tax on sugar-sweetened beverages to tackle the health crises. This is contained in a statement signed by Omei Bongos-Ikwue, the coalition representative, on Monday in Abuja.

N4bn for WhatsApp tracking, N60bn for COVID-19 vaccine… highlights of 2021 supplementary budget

Last month, President Muhammadu Buhari signed the 2021 supplementary appropriation bill of N983 billion into law. Of the amount, recurrent (non-debt) expenditure will gulp N123 billion, while N895 billion will go into capital expenditure.The supplementary budget covers the procurement of security equipment, vaccines and other COVID-19 related equipment.
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