Author: DailyNaijaNews

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned former Central Bank of Nigeria (CBN) Governor Godwin Emefiele on fresh charges of unlawful acquisition of the recovered 753 housing units. The anti-corruption agency accused Mr Emefiele of stealing, and forgery, among others, in the eight counts brought against him at the High Court of the Federal Capital Territory, Abuja. He pleaded not guilty to all eight counts. The judge, Yusuf Halilu, subsequently granted him bail. Earlier arguing Mr Emefiele’s bail application, defence lawyer Matthew Bukar contended that the defendant is a well-known figure standing trial in three other courts, where he…

After another exciting day across the various venues at the National Sports Festival, Day 3 official medals table summary sees Bayelsa state leading the pack with a total of 6 Gold medals , 2 silver medals and 1 bronze medal. They are closely followed by Oyo state with a total of six medals, out of which 4 are Gold ,1 silver and 1 bronze medal. Lagos is next on the table after Tuesday”s round of Games with 3 Gold , 4 silver and 3 bronze medals. In fourth position is cross river with only 3 Gold medals while Rivers state…

The 2nd edition of the Annual Educating The Educators Training and Consultancy (EET&C) Spelling Bee competitions amongst Junior and Secondary schools in Lagos State, begins on the 28th of May 2025. This was disclosed by the Principal Consultant EET & C, Ms Adeolaoluwa Badejo, the competition which is approved by the Lagos State Ministry of Basic and Secondary Education, will be held in all six Education districts of Lagos State with finalists from each District proceeding to the State finals, which features separate categories for the junior and secondary schools. On the motive for the spelling bee competition amongst public…

President Bola Tinubu on Thursday stated that his administration inherited a “near-insolvent” treasury and a chaotic economic structure upon assuming office in 2023, but has since implemented bold and painful reforms that are beginning to yield results. Speaking during a state visit and grand reception in Awka, the Anambra State capital, Tinubu said the financial state of the nation was dire when he took over, citing massive public debts, “unsustainable multiple subsidies”, and an unstable foreign exchange regime. “We met near-insolvent public finance, a decades-old monster of unsustainable multiple subsidies, a chaotic and debilitating forex regime,” the President declared. “Just…

The Lagos State Government (LASG) has marked 39 buildings in Eti-Osa Local Government Area, for demolition over encroachment on the Right of Way (RoW). The Commissioner For Environment and Water Resources, Mr Tokunbo Wahab, made this known while speaking with journalists after a drainage enforcement inspection visit to Ikota River on Thursday. Wahab said the buildings would be demolished because of their encroachment on the RoW of Ikota Riverbank. He also issued indefinite quit notices to occupants of the affected properties, urging them to vacate and relocate their belongings before the demolition exercise begins. The News Agency of Nigeria (NAN)…

The Gates Foundation says it will spend $200 billion over the next 20 years to accelerate its mission to help all people live healthy and productive lives. The decision marks a major acceleration in the foundation’s work and sets a new date of 2045 to sunset its operations. The historic announcement, which represents the largest philanthropic commitment in modern history, was shared on Thursday by the foundation’s chair, Bill Gates, in celebration of the foundation’s 25th anniversary. Mr Gates said, “There are too many urgent problems to solve for me to hold onto resources that could be used to help…

A chieftain of the All Progressives Congress in Anambra State, Valentine Ozigbo, has criticised Governor Chukwuma Soludo’s administration, accusing him of style over substance. While extending a courteous welcome to President Bola Tinubu, who visited Anambra on Thursday to inaugurate some of Soludo’s projects, Ozigbo argued that Soludo had performed below expectations. “Governor Soludo’s record is a glaring theatre of missed priorities, misplaced ambitions, and media optics masquerading as progress,” Ozigbo said in a statement released on Thursday. “Governance is not about cutting ribbons on facades while the foundation rots,” he said, criticising the governor’s focus on image-lifting ventures while…

Tragedy struck in Abia State on May 6, 2025, when gunmen ambushed a team of police officers, resulting in the death of one officer and the theft of a firearm. Police sources told Zagazola Makama that at around 8:30 p.m., a team of officers, including ASP Victor Eze and Inspector Nwanochi Ndubuisi, were returning from Port Harcourt, Rivers State, when they were intercepted by five armed assailants dressed in combat attire. The attack took place on a narrow road after a filling station along the Port Harcourt–Aba Road, Asa. During the confrontation, Inspector Christian Gbaratee, was shot dead, while Inspector…

By Jide Olaniran One of the ministries that Lagos State Governor, Mr. Babajide Sanwo-Olu has kept its leadership intact in the last six years is that of Health. And that usually reflects when there is a health emergency in the state vis-a-vis the response time to bringing the situation under control. But beyond emergency, how has the Ministry of Health fared as a critical sector in the human development index?. Commissioner for Health, Prof. Akin Abayomi described the past six years he has been in the saddle as a period of ‘radical transformation in the architecture, access, and resilience of…

By Jide Olaniran Lagos has got a clean bill of health on its economy — courtesy of Fitch Ratings. The internationally renowned rating Agency has upgraded the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo states from ‘B-’ to ‘B’. This is a big boost for investors’ confidence and a testimony to the strength of Governor Babajide Sanwo-Olu’s T.H.E.M.E.S+ Agenda — the six-pillar economic plan of the administration. As a city positioned as one of Africa’s economic powerhouses with it’s Gross Domestic Product (GDP) reaching an impressive $259 billion, based on Purchasing Power Parity…