News Flash - Abia ThinkTank News

Sep

10

2024

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By Abia ThinkTank

FAAC Allocations Rise To N13.7trn 149% In 7 Months

CBN/Commercial Banking, Economy, FGN, News Flash

FAAC Allocations Rise 149% To N13.7trn In 7 Months The Federation Account Allocations Committee (FAAC) disbursements to the Federal Government (FG), 36 states and 774 local governments (LG) rose by 149.4 percent year-on-year (YoY) to N13.72 trillion in the first seven months (January to July) of 2024, 7M ’24, from N5.5 trillion in the corresponding period of 2023. Details of data from the National Bureau of Statistics, NBS, FAAC report for the review period showed that in 7M ’24, FG received N2.68 trillion, up by 28.2 percent YoY from N2.09 trillion received in 7M’23. States received N2.91 trillion in the…

Sep

10

2024

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By Abia ThinkTank

Fuel Scarcity: Local Government Chairman Slumps, Dies At Filling Station

News Flash, Oil & Gas, Personality

Local Government Chairman Slumps, Dies At Filling Station Amid Fuel Scarcity The fuel scarcity crisis in Nigeria has taken a tragic turn, as the chairman of the Nigeria Union of Local Government Employees (NULGE) for Akure South Local Government, Oluwatuyi Olasoji, has passed away. Olasoji collapsed while waiting to purchase fuel at a filling station in Akure, Ondo State. Local reports indicate that the incident occurred last week when Olasoji was attempting to buy Premium Motor Spirit (PMS). After slumping, he was immediately rushed to the Federal Medical Center in Owo, where he underwent surgery. Despite efforts to save him,…

Sep

10

2024

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By Abia ThinkTank

Peter Obi, Wife Was Not Arrested By DSS – Media Adviser

Human Rights, News Flash, Personality

DSS Didn’t Arrest Peter Obi, Wife (Details Emerge) The Media Adviser to Mr. Peter Obi, the presidential candidate of the Labour Party, LP, in the 2023 general elections, Mr. Val Obienyem has debunked the rumour making the rounds that the former Anambra State governor was arrested by the Department of State Services (DSS) at his home in Anambra State. In a statement on Tuesday, Obienyem dismissed the report, describing it as false and baseless. He recalled that the rumour first surfaced on Saturday, but was promptly refuted, adding that despite this, the false narrative has continued to spread. According to…

Sep

10

2024

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By Abia ThinkTank

Davido Reportedly Places Wife On $100,000 Monthly Salary

Gossips, Entertainment, News Flash

Davido has reportedlyplaced his wife, Chioma, on a staggeringmonthly salary of $100,000, simply forbeing his partner and choosing him overother wealthy suitors who vied for herattention. This grand gesture is a testament toDavido's gratitude and appreciation forChioma's unwavering support and loyaltyThe couple's love story began when Davidowas still a rising star, and Chioma stood byhim through thick and thin. Now, as Davidohas ascended to become the richestmusician in Africa, he is showering hislove and appreciation on Chioma in a trulyremarkable way: By putting Chioma on a hefty monthlysalary, Davido is not only showing his loveand commitment but also acknowledgingher role…

Sep

10

2024

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By Abia ThinkTank

Campaign Fund Embezzlement: Aisha Yesufu Tackles Labour Party Chairman, Abure

Columns/Opinions/Letters, News Flash, Politics

Aisha Yesufu Tackles Labour Party Chairman, Abure, Over Campaign Fund The Obi-Datti fundraising team has refuted Monday’s claim by the National Chairman of the Labour Party, Julius Abure, that only Aisha Yesufu and Pastor Itua Ighodalo, were responsible for managing the campaign funds of LP presidential candidate, Peter Obi, at the 2023 election. Abure had told journalists in Abuja after a meeting of the National Executive Council on Monday that there was no iota of truth in the allegation that he embezzled the party’s campaign donations The embattled national chairman emphasised that there was no way he could have accessed…

Sep

10

2024

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By Abia ThinkTank

Eguavoen Gives Reason For Resignation As Super Eagles Coach

Football, News Flash, Sports

Eguavoen Resigns As Super Eagles Coach, Gives Reason Augustine Eguavoen has resigned as the interim coach of the Super Eagles. According to Politics Nigeria, Eguavoen said his mandate was only for two games, which he has now completed The Nigeria Football Federation (NFF) technical director was appointed as interim coach after the federation’s attempts to hire a permanent head coach for the national team were unsuccessful. During his brief tenure, Eguavoen led the Super Eagles in two crucial 2025 Africa Cup of Nations qualifying matches against Benin Republic and Rwanda. While the Nigerian senior men’s team defeated Benin Republic 3-0,…

Sep

10

2024

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By Abia ThinkTank

The Importance Of Petrol Subsidy Removal – President Tinubu

Columns/Opinions/Letters, Economy, FGN, News Flash

Why Petrol Subsidy Removal Is Important – President Tinubu President Bola Tinubu says the removal of subsidy on premium motor spirit (PMS), also known as petrol, is designed to free up budgetary resources for critical investments. Tinubu spoke on Tuesday during the 17th annual Chartered Institute of Bankers of Nigeria (CIBN) banking and finance conference in Abuja. He was represented by Vice-President Kashim Shettima. On May 29, 2023, Tinubu announced the removal of subsidy on petrol — a development that immediately led to a spike in the price of PMS, as well as goods and services. Speaking at the conference,…

Sep

10

2024

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By Abia ThinkTank

2 Nigerians Found Guilty Of Rape In UK

Crime, News Flash

Two Nigerians Found Guilty Of R@pe In UK Northampton Crown Court in the United Kingdom has found two Nigerians, Tosin Dada and Solomon Adebiyi, guilty of multiple rape charges. Northamptonshire Police disclosed this in a statement on its official Facebook page on Monday, obtained by PUNCH Online on Tuesday This follows weeks after a Nigerian pilot, Olukayode Ojo, was convicted in a Texas court in the United States for making false statements to obtain a certificate from the Federal Aviation Administration. Before their conviction, Northamptonshire Police stated that Dada and Adebiyi had each been charged with three counts of rape…

Sep

10

2024

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By Abia ThinkTank

Abia Ready To Partner Nigeria Content Development And Monitoring Board To Accelerate The Establishment Of An Industrial Park – Gov. Otti

Abia State, Good Governance, News Flash

ABIA READY TO PARTNER NIGERIA CONTENT DEVELOPMENT AND MONITORING BOARD TO ACCELERATE THE ESTABLISHMENT OF AN INDUSTRIAL PARK – GOV. OTTI The Governor of Abia State Dr. Alex Otti OFR has expressed the readiness of the State Government to partner with the Nigeria Content Development and Monitoring Board (NCDMB) to accelerate the development of the Abia Industrial and Innovation Park (AIIP) in Owaza, the Ukwa west Local Government Area of the State. Governor Otti expressed the readiness of the State on Friday 6th September, when he received a delegation of the Nigeria Content Development and Monitory Board led by the…

Sep

10

2024

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By Abia ThinkTank

NLC President, Joe Ajaero Released On Bail By DSS

Human Rights, Labour, News Flash

DSS Releases NLC President, Joe Ajaero, On Bail The president of the Nigeria Labour Congress (NLC), Joe Ajaero, has been released from custody on bail. The development was confirmed by the Omoyele Sowore, the .presidential candidate of the African Action Congress party in a post on social media platform X. It can be recalled that Ajaero was arrested on Monday morning by operatives of the Department of State Services (DSS) at the Nnamdi Azikiwe International Airport in Abuja while en-route to the United Kingdom to attend a conference on workers’ rights and social justice. Reacting to the arrest, the NLC…