The House of Representatives has urged the Central Bank of Nigeria (CBN) to direct banks to work on their systems in mitigating failed transactions and immediately reverse failed transactions without the customer’s prompting. The decisiom of the House followed the adoption of a motion on moved at the plenary on Tuesday by Hon. Emmanuel Ukpong–Udo. Moving the motion, Ukpong–Udo said according to the Nigeria Inter-Bank Settlement System Plc, over 135, 500,000 Nigerians use banks. He said the CBN released a press release on June 8, 2020, revising timelines for reversals and resolution of refund complaints as follows: failed “On-Us” ATM…
Author: Hints News
President Bola Tinubu on Tuesday urged the House of Representatives to consider and expeditiously approve the 2024 statutory budget proposal of the Federal Capital Territory Administration (FCTA). He said the budget proposal takes into consideration, the 2024/2026 economic recovery and growth plan as well as key assumptions in the 2024 budget The President in a letter addressed to the Speaker, Hon. Tajudeen Abbas, read at the plenary, revealed that the FCTA was prioritising improvement in health care services, job creation, youth empowerment and increased productivity in agriculture in order to lift many citizens as much as possible out of poverty. …
Troops of the Nigerian Army have uncovered and neutralised a major firearms and drone manufacturing factory operated by the Indigenous People of Biafra (IPOB) and its militia arm, the Eastern Security Network (ESN) at Onicha Ulona in Aniocha South Local Government Area of Delta State. Director Army Public Relations, Maj-Gen. Onyema Nwachukwu in a statement issued on Tuesday said the intelligence led operation revealed that the dissidents were using the factory to carry out criminal activities to terrorise neighbouring communities and innocent citizens. He added that upon swooping on the illegal factory, the troops were met with stiff resistance, but…
A Seventh Prosecution Witness in the trial of a former governor of Central Bank of Nigeria (CBN), Godwin Emefiele on Monday, March 11, 2024 told Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court, Abuja, how Emefiele awarded contracts to family and associates. The witness told the court that the embattled former CBN governor allegedly signed and approved award and payments of contracts to April 1616 Investment Limited and Architekon Nigeria Limited, companies that allegedly belong to Sa’adatu Ramalan Yero, his wife, Margaret Emefiele and his in-law respectively. The witness, Agboro Michael, an investigator with the ICPC, led…
The Northern Senators Forum (NSF) on Monday said that its Chairman, Senator Abdul Ningi did not speak on behalf of the forum when he claimed that President Bola Tinubu-led administration was operating two versions of the 2024 budget. TheHintsNews reports that Ningi on Sunday claimed in an interview with BBC Hausa Service that the National Assembly debated and passed N25 trillion as 2024 budget and not the N28.7 trillion that was being implemented by the federal government. But the Presidency in swift response said there was no iota of truth that the federal government was operating two versions of the…
Third Phase delegates of the Presidential Amnesty Programme (PAP) have commended the initiatives of the current PAP leadership, especially the Cooperative Scheme and the strategic coordination of the Scholarship Scheme. At an interactive meeting with stakeholders and PAP delegates yesterday in Benin, the delegates noted that the communication style of the PAP Interim Administrator, Maj-Gen. Barry Ndiomu (rtd) has arrested brewing tensions in the region. The National President, PAP Third Phase Leaders, Elaye Slaboh said: “We are very happy with the Interim Administrator. With the way and manner he is handling the Programme, if he continues like this, then the…
The Nigerian government on Monday called on member states of the Economic Community of West African States (ECOWAS) to forge a common front in the fight against terrorism financing in the subregion. This was even as the government hinted that the threat of terrorism remained a pressing concern for nations across the globe. The government, through the Director/CEO, Nigerian Financial Intelligence Unit (NFIU), Hafsat Bakari, made the call at the opening of Training of Trainers (ToT) workshop on Countering the Financing of Terrorism (CFT) for ECOWAS Anglophone Member States under the ECOWAS Counter Terrorism Action plan in Abuja organised by…
Troops of Nigerian in conjunction with hybrid force elements, have successfully neutralised eight Boko Haram (BHT)/ISWAP terrorists at Ukuba; a notorious terrorists’ enclave in Sambisa forest. Director Army Public Relations, Maj-Gen. Onyema Nwachukwu, in a statement issued Monday said the operation, which took place on Sunday 10 March 2024, witnessed a fierce gun battle that inflicted severe losses on the terrorists’ group, compelling them to retreat and abandon their camp in disarray. He said a thorough search of the captured camp by the gallant troops led to the recovery of five locally fabricated double barrel guns, two motorbikes and assorted…
The United Nigerians in the Diaspora (UND) has demanded the immediate resignation of the Chairman, Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu and the President of the Senate, Godswill Akpabio. The group in a statement issued Monday and jointly signed by its President, Yusuf Adeyinka and Secretary, Johnson Acheme, said it was calling for national and global protests against Yakubu for conducting shambolic 2023 elections. It added that the protest against Akpabio was for the alleged padding of the 2024 budget and his alleged collusion with the executive arm of government that he was meant to checkmate. To this…
Two persons were feared trapped following the collapse of an uncompleted five-storey building located at Basden street, Fegge, Onitsha, Anambra State. The uncompleted building reportedly collapsed in the early hours of Sunday, with two persons said to have been trapped. Rescue operation was already ongoing to rescue those trapped under the rubbles. “The building is at the finishing touches and the fifth floor was almost finished when it collapsed and other floors followed suit. They are up to two workers in the building that are trapped with scores injured,” eyewitnesses said.