The Central Bank of Nigeria, CBN, has slammed a minimum fine of N2 million as penalty on banks that disobey its new guidelines on the management of dormant accounts, unclaimed balances and other financial assets in financial institutions in the country. CBN defines a dormant account as a bank account that has remained inactive for…
A man resident in Texas, the United States has been sentenced to 70 years in prison for spitting at Lubbock police officers during an arrest last May. The New York Post said the 36-year-old Larry Pearson was picked up by policemen on domestic violence charges after he allegedly hit a woman several times in the…
President Muhammadu Buhari yesterday performed Umrah rituals amid tight security, upon his arrival at the Grand Mosque in Makkah in the early hours. A presidential spokesman, Garba Shehu, in a statement, said Buhari was received by a number of officials, including a delegation from the General Presidency for the Affairs of the Grand Mosque and…
Following the collapse of a seven-storey building under construction on First Avenue, in the Banana Island area of Lagos State, the state government has ordered that all development projects in the highbrow area be placed on hold. The state Commissioner for Information and Strategy, Gbenga Omotoso, in a statement on Thursday, said the process was…
Hours after the Governor of Osun state, Senator Ademola Adeleke had issued a directive to security agencies in the state over the report of kidnapping in an Osun community, security agencies have swung into action to ensure the release of the victim. The Osun State Police Command assured residents that the Command in its resolute…
Nigeria to continue to participate in rules development in the interest of the country and Africa … A delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on 4th and 5th April 2023, at a workshop it jointly organised with the Federal Inland Revenue Service (FIRS), to discuss the maximisation…
● Prof Asaolu is the Vice Chancellor The Executive Governor of Osun State, Senator Ademola Adeleke has approved the appointment of principal officers for the University of Ilesa. This was disclosed in a press statement released on Thursday,Signed by the spokesperson to the state Governor , Mallam Olawale Rasheed which reads: “The Secretary to the…
The Executive Governor of Osun State, Senator Ademola Adeleke has commended progress of work on the laying of cables for the Osun Broadband Fibre Optic, a fully private sector funded initiative which is part of the administration’s tech innovations and digital economy agenda. Governor Adeleke had on March 6th flagged off the laying of cables…
Spotify, a global online streaming platform, has revealed that music is a powerful tool for influencing mood, helping to cultivate feelings of patience and positivity, especially during the Ramadan period. Jocelyne Muhutu-Remy, Spotify Sub Saharan Africa’s Managing Director, in a statement on Thursday, said this was according to Spotify’s recent data. Muhutu-Remy said the data…
Ghana has become the first country in the world to approve a new malaria vaccine from Oxford University. The vaccine called R21 appears to be hugely effective in stark contrast to previous ventures in the same field. Trial data from preliminary studies in Burkina Faso showed the R21 vaccine was up to 80 per cent…
