Author: Vardiafrica

Ghana state-owned electricity companies have announced an interruption in power supply over reduced gas supply in Nigeria. In a joint statement on June 13, the Ghana Grid Company LTD (GRIDCO) and the Electricity Company of Ghana (ECG) said the gas supply shortage is expected to last for three weeks. “The Ghana Grid Company LTD. (GRIDCO) and the Electricity Company of Ghana, (ECG) wish to inform the public that due to a reduction in gas supply from Nigeria since yesterday, Wednesday 12th June, 2024 some areas across the country have experienced interruption in power supply,” GRIDCO and ECG said. “The West…

Nigeria’s Securities and Exchange Commission (SEC) has issued a disclaimer alert to investors regarding $DAVIDO, a meme coin backed and promoted by Afrobeats superstar Davido which dipped by 90 within 24 hours of its launch. It raced to a $10 million market capitalisation just four hours after it launched on Wednesday, May 29. “The Commission does not recognise $Davido as an investment product or investable asset class under its regulatory purview, as such individuals who patronise it do so at their peril,” the SEC said in a statement on its website. On his third venture into the crypto space, the disclaimer…

A Federal High Court in Kano, on Friday, fined the Kano State government the sum of ₦10m, as compensation for breaching the fundamental human rights of the 15th Emir of Kano, Aminu Ado Bayero. The Presiding Judge, Justice Amobeda, issued this order while delivering judgment in the case filed by Bayero, seeking the enforcement of his fundamental human right. The judge described the order given by Governor Abba Yusuf for the house arrest of Bayero, as unlawful. The respondents in the suit were the Attorney General of Kano State, Nigeria Police Force, Inspector General of Police, Commissioner of Police Kano…

Justice Emeka Nwite of the Federal High Court has discharged Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, from the tax evasion allegations levelled against them by the Federal Inland Revenue Service (FIRS). The court’s decision followed a fresh set of amended charges filed by the FIRS after Binance appointed a Nigerian representative named Ayodele Omotilewa. The FIRS had initially filed legal proceedings against Binance, Gambaryan, and Nadeem on March 22, 2024, alleging tax evasion The amended lawsuit claimed that Binance and Gambaryan failed to collect and remit various taxes as stipulated by law. During the proceedings, Binance’s legal counsel informed…

Following the lingering discussions on a new minimum wage for Nigerian workers, organised labour has said that it is not fixated on any figure. The tripartite committee on minimum wage ended its deliberations last week, submitting two figures to President Bola Tinubu for consideration as the new minimum wage. While the government and the organised private sector are proposing ₦62,000, organised labour is demanding ₦250,000 as the new minimum wage. However, the President of the Trade Union Congress (TUC), Festus Osifo, who was a guest on Channels Television’s breakfast programme, The Morning Brief on Friday, said no figure is sacrosanct as there…

The House of Representatives Committee on National Security and Intelligence has asked the Federal Government to purchase new aircraft for President Bola Tinubu and Vice-President Kashim Shettima. The committee’s recommendation is contained in a report released after its investigation into the status of the aircraft in the presidential air fleet. “The committee is of the strong and informed opinion that, considering the fragile structure of the Nigerian federation and recognising the dire consequences of any foreseen or unforeseen mishap that may arise as a result of the technical or operational inadequacy of the presidential air fleet, it is in the…

The Inspector General of Police, Kayode Egbetokun, has read the riot act to policemen engaging external forces to lobby for promotion as he vowed to deal with such erring personnel Egbetokun gave the warning while speaking in Abuja at the decoration ceremony of a new Deputy Inspector General of Police and twenty-six other senior police officers. He said the force is a disciplined organization where promotion is based strictly on merit and not through lobbying by influential persons. The Inspector General of Police, while asking the newly promoted officers to always maintain professionalism, urged all officers and men of the…

A statement by the Police Public Relations Officer, SP Josephine Adeh, on Friday, said after receiving a distress call at about 5:00 PM, the FCT police, led by the Commissioner of Police, CP Benneth Igweh, in a combined operation with the military, mobilised to the scene, and repelled the attack simultaneously carried out on both Abaji Divisional Police headquarters, and the bank by the armed men, who attacked with dynamites in attempt to rob the bank. The statement added that the security forces engaged the armed robbers in an intense gun duel, forcing them to scamper to safety with various…

Justice Liman Mohammed of the Federal High Court, Kano State, has declared that the dethroned Emir, Aminu Ado Bayero has jurisdiction to be heard The case filed by the kingmaker, Aminu Baba Dan Agundi, is that of a fundamental human rights case in the emirate tussle. The development comes days after a Kano State High Court, ordered substituted service on Bayero and four other emirs in a case filed by the Kano State Government, to restrain them from parading themselves as emirs

The Federal High Court in Abuja has adjourned the arraignment of the former Governor of Kogi State, Yahaya Bello, in an alleged money laundering case instituted against him by the Economic and Financial Crimes Commission (EFCC) to June 27, 2024 following an agreement by the lawyers of the two parties. Today, June 13, 2024, had earlier been fixed for arraignment of the former governor at the instance of the EFCC lawyers. At the resumed hearing on Thursday, a lawyer to Bello, Adeola Adedipe, told the court that the EFCC lawyers approached the lead counsel to the former governor, Abdulwahab Mohammed,…