Good morning. Here is today’s summary from Nigerian Newspapers:
1. Crude Oil Theft: Elumelu Blows Hot
- Security Agencies, FG Should Tell Us Who Is Stealing Our Oil.
- Recounts How Buhari and Abba Kyari Blocked His Bid to Purchase Oil Field
- Oil Theft Contributed to the Divestment of International Oil Companies in Nigeria.
- Army Announces Destruction of 13 Illegal Refineries in Niger Delta Region.
Business mogul and philanthropist, Tony Elumelu, has urged the Federal Government and security agencies to publicly identify culprits responsible for the rampant oil theft plaguing the nation. READ MORE
2. Six Major Nigerian Banks Barred from Central Bank’s Forex Auction
The Central Bank of Nigeria (CBN) recently conducted a retail Dutch auction, selling $876.26 million to 26 qualified banks. However, six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were disqualified from participating due to various infractions. READ MORE
3. Supreme Court Grants LG Chairmen, Councilors Four-Year Tenure
- It is Contained in the Certified True Copy (CTC) of the Judgement
- Says House of Assembly Has powers to Legally Extend the Tenure of Local Govt. Councils If..
Nigeria’s Supreme Court has made a landmark ruling on local government autonomy, extending the four-year tenure of executives to all local government chairmen nationwide. In a judgment delivered on May 11, 2024, Justice Mohammed Garba and six other justices stated that some states have illegally deprived local government councils of their powers and functions.
READ MORE4. Lagos Commuters to Enjoy 25% Fare Cut on Blue Rail Line
The Lagos government has announced a 25% reduction in fares for the blue rail line during off-peak periods, effective from August 12. READ MORE
5. FG Orders Urgent Assessment Of Flood-Damaged Kano-Maiduguri Road
After a recent flood in Bauchi state shut down Section 111 of the Kano-Maiduguri Road, the Federal Government, acting via the Ministry of Works, has ordered an immediate evaluation of the road. READ MORE
6. Why l Won’t Comment On Kano Emirship Tussle-Shekarau
Malam Ibrahim Shekarau, the former governor of Kano State, has expressed his discomfort with the rivalry for emirship in Kano State but has stated that he does not wish to become involved. READ MORE
7. Ohanaeze Douses Leadership Tussle Over Iwuanyanwu’s Death
The passing of its President-General of Ohanaeze Ndigbo Worldwide, Emmanuel Iwuanyanwu, has allegedly opened doors to many dispute in the organisation. READ MORE
8. 58 Passengers, Crew Die As Plane Crashes In Brazil
All 58 passengers and four crew members perished in the crash of an airplane on Friday in the Brazilian state of Sao Paulo, according to local authorities.
READ MORE
9. Gunmen Shot Dead Humanitarian Worker In Benue
Chris Terfa, the executive director of Concerned Youth Development Initiative (CYDI) and a humanitarian worker, was allegedly shot and murdered by as-yet-unidentified gunmen near the Logo 1 axis in Makurdi, Benue State. READ MORE
10. Jaber Retires As MTN Nigeria’s COO After 29 Years
Executives, employees, and partners of MTN Nigeria honored Chief Operating Officer (COO) Hassan Jaber on Friday as he bowed out of the MTN Group following 29 years of devoted leadership and devotion. READ MORE
