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  •  Naira drops by 0 90 at Investors and Exporters window
    Naira drops by 0.90% at Investors and Exporters window
     Naira drops by 0 90 at Investors and Exporters window
    Naira drops by 0.90% at Investors and Exporters window
    Economy2 weeks ago

    Naira drops by 0.90% at Investors and Exporters window

    The Naira on Tuesday depreciated at the Investors and Exporters window, against the dollar, exchanging at N431.The figure represented a decrease of 0.90 percent compared with the N427.17 it exchanged for the dollar on Monday.The open indicative rate closed at N427.30 to the dollar on Tuesday.An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N431.The local currency sold for as low as N414 to the dollar within the day’s trading.A total of 58.03 million dollars was traded in foreign exchange at the official Investors and Exporters’ window on Tuesday.NewsSourceCredit: NAN

  •  Naira gains marginally exchanges at 420 to dollar
    Naira gains marginally, exchanges at 420 to dollar
     Naira gains marginally exchanges at 420 to dollar
    Naira gains marginally, exchanges at 420 to dollar
    Economy2 months ago

    Naira gains marginally, exchanges at 420 to dollar

    The Naira on Wednesday appreciated at the Investors and Exporters window, exchanging at 420 to the dollar, a 0.18 percent appreciation against N420.75 on Tuesday.

    The open indicative rate closed at N419.46 to the dollar on Wednesday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.

    The Naira sold for as low as N413 to the dollar within the day’s trading. A total of 124.62 million dollars was traded in foreign exchange at the official Investors and Exporters window on Wednesday.

    Source: NAN

  •  Again Naira depreciates against dollar at 420
    Again Naira depreciates against dollar at 420
     Again Naira depreciates against dollar at 420
    Again Naira depreciates against dollar at 420
    Economy3 months ago

    Again Naira depreciates against dollar at 420

    The Naira on Thursday depreciated further at the Investors and Exporters window, exchanging at N420 to the dollar, a 0.30 per cent depreciation, weaker than N418.75 traded on Wednesday.

    The open indicative rate closed at N416.50 to the dollar on Thursday.

    An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.

    The Naira sold for as low as 412.38 to the dollar within the day’s trading.

    A total of 160 million dollars was traded in foreign exchange at the official Investors and Exporters window on Thursday.

    (NAN)

  •  Nigerian govt reveals Igboho s financers
    Nigerian govt reveals Igboho’s financers
     Nigerian govt reveals Igboho s financers
    Nigerian govt reveals Igboho’s financers
    Headlines10 months ago

    Nigerian govt reveals Igboho’s financers

    The federal government has revealed details of the sponsors and financiers of self-proclaimed Yoruba nation activist Sunday Igboho.

    Addressing a press conference in Abuja on Friday, Federation Attorney General and Minister of Justice Abubakar Malami said a report revealed that Mr. Igboho was linked to 43 bank accounts at 9 banks.

    According to him, the main financier of the separatist leader turned out to be a federal lawmaker in the National Assembly.

    While giving details of the illicit financial transactions between Mr. Igboho and his financiers, AGF indicated that about 127 N, 145,000.00 were received by the activist from his financiers between October 22, 2013 and September 28, 2020.

    According to Mr. Malami, these transactions were carried out through the accounts of Adesun International Concept Ltd of which Mr. Igboho is a director and signatory while Oladele Oyetunji and Aderopo Adeyemo are directors.

    Mr. Malami said: “A total sum of TWO HUNDRED SIXTY-THREE MILLION, ONE HUNDRED AND EIGHTY-EIGHT THOUSAND, TWO HUNDRED NAIRA ONLY (N273,198,200.00) was recorded in Sunday Igboho's account between the March 15, 2013 and March 11, 2021.

    “The investigation reveals that Adesun International Concept Ltd (owned by Igboho) transferred the sum of twelve million seven hundred and fifty thousand naira (N12, 750,000) to Abbal Bako & Sons.

    “It should be remembered that Abbal Bako & Sons and its promoter Abdullahi Umar Usman are suspects in the ongoing joint terrorist financing investigation.

    “Abdullahi Umar Usman is through a financial transaction linked to SURAJO ABUBAKAR MUHAMMAD (who was sentenced to life imprisonment in the United Arab Emirates for financing terrorism [Boko Haram]).

    “This report shows the link between the separatist agitation, the financing of terrorism and the disturbance of the peace in the country.

    “The report revealed financial transaction links between Adesun International Concept Ltd (owned by Igboho) and certain companies and construction firms, among others.

    “After receiving the reports, the Federal Government remains resolute in its determination to have a peaceful Nigeria.

    "The federal government will do what is necessary, within the framework of the legal provisions, to ensure that the matter receives the attention it deserves and that those convicted are faced with the wrath of the law," the minister concluded.

  •  Naira Marley Aviation minister suspends executive Jet Service
    Naira Marley: Aviation minister suspends executive Jet Service
     Naira Marley Aviation minister suspends executive Jet Service
    Naira Marley: Aviation minister suspends executive Jet Service
    Metro2 years ago

    Naira Marley: Aviation minister suspends executive Jet Service

    Minister of Aviation, Sen. Hadi Sirika, has ordered the suspension of a private airline, Executive Jet Services, from operating in the country with immediate effect.

    The airline had conveyed musician Azeez Fashola, popularly known as Naira Marley, to Abuja for a musical concert in defiance of the restrictions on inter-state movement over COVID-19 pandemic.

    The minister announced the suspension of the local airline during the daily briefing of the Presidential Task Force on COVID-19 in Abuja on Monday.

    “The return flight that conveyed the musician to and from Abuja was originally approved by the Ministry of Aviation to convey Justice Adefope Okojie.

    “An approval that was fraudulently used by the airline charter company,” Sirika said.

    He said the conduct of the Executive Jet Services was a gross violation of the Presidential Task Force on COVID-19 regulations and protocols which allowed only flights on essential services.

    “As much as government would encourage the operation and growth of all operators in the aviation industry, it would not condone actions that undermine government policies and constitute risks to public interests,” he said.


    Edited By: Tayo Ikujuni/Maharazu Ahmed (NAN)

  •  COVID 19 Naira Marley Abuja concert generates criticism on social media
    COVID -19: Naira Marley Abuja concert generates criticism on social media
     COVID 19 Naira Marley Abuja concert generates criticism on social media
    COVID -19: Naira Marley Abuja concert generates criticism on social media
    Entertainment2 years ago

    COVID -19: Naira Marley Abuja concert generates criticism on social media

    Nigerians have criticised the “Drive in Concert,” hosted by Nigerian Singer, Azeez Fashola, popularly known as Naira Marley, on Saturday in Abuja.

    Most Nigerians who took to their social media handles on Sunday, described the concert as careless disobedience to guidelines  amidst the raging Coronavirus pandemic ravaging the world.

    The Drive In concert, organised by Play Network Africa,  took place at the Jabi Lake Mall car park, Abuja,  from 4pm- 9pm with over 100 FCT residents in attendance to watch Naira Marley as he performed on stage.

    The News Agency of Nigeria recalls that the Federal Government had ordered social distancing  and inter-state travel ban in Nigeria to help curb the spread of COVID-19.

    The organisers of the event had initially announced on Instagram (IG) @playnetworkafr,  that it was hosting a 100 car capacity event with a maximum of four persons in a car.

    However, the event took a turn,  when the Mafo Crooner, started performing and party lovers stepped out of their cars to party and take videos, pictures.

    NAN reports that Naira Marley,  also known as the president of his controversial fan base, “Marlians”.

    Nigerians had however, gone on several Social media outlets to express their dissatisfaction on the turn of events,  stating how the FG violation by the party attendees could be a threat to other innocent Nigerians who did not attend the event, in relation to the pandemic. 

    Here are some comments concerned Nigerians left on Instagram and Twitter.

    On IG, responding to a post of the concert by the popular @instablog9ja,@datenaija1 said: “It was supposed to be a park in concert. They were supposed to remain in their car. Everything was going fine until Naira Marley stepped to the  stage and unfortunately Marlians don’t have manners.

    @mzadapearl said: “Naira Marley and rule breaking is like 5 and 6.

    @sylvastores said: “I guess we have gotten to the stage where we say may the best immune system win.

    On Twitter, @NaijaViralz said: “Despite the exponential rise of COVID-19 cases, singer, Naira Marley performed on stage at a concert with massive attendance by other ‘COVIDIOTS’  in Nigeria’s capital city, Abuja.

    @E-zrael Ani said “They restricted inter-state travels yet Naira Marley still round a way to teleport himsef and his team from Lagos to Abuja.

    @Instablog9ja said: “So Naira Marley has a concert in Abuja in the middle of a pandemic and the place was packed full of people. Do people not care about their lives or they don’t believe COVID -19 is real?.

    NAN also reports that in attendance with Naira Marley from Lagos was Chinonso Opara A.K.A Kim Oprah, Ex-BBNaija housemate as he had shared on his IG page @nairamarley, a video of when he, Kim Oprah and his crew landed Abuja.

    #Nairamarley for the past 3 hours,  trended on Twitter,  as number one with so many people commenting about the controversial concert.

    Those who were unable to get tickets to the venue as all tickets were sold out on Nairabox, stared at the stage from the top car park of the mall for free and partied alongside those who had access to the stage.


    Edited By: Chioma Ugboma/Sadiya Hamza (NAN)

     

  •  Social distancing violation Court discharges Naira Marley others following apologies
    Social distancing violation: Court discharges Naira Marley, others following apologies
     Social distancing violation Court discharges Naira Marley others following apologies
    Social distancing violation: Court discharges Naira Marley, others following apologies
    Judiciary2 years ago

    Social distancing violation: Court discharges Naira Marley, others following apologies

    An Ikeja Chief Magistrates’ Court on Thursday discharged the case filed against hip hop artist, Adeyemi Fashola, popularly known as Naira Marley, a politician, Babatunde Gbadamosi, his wife Folashade.

    The Nigeria News Agency reports that the trio were charged to court for attending the 43rd birthday party hosted by Nollywood actress, Funke Akindele for her husband Abdul-rasheed Bello aka JJC Skillz.

    They were initially to be charged on April 8 on four counts of flouting the Lagos State social distancing directive.

    However, following directives from Mr Moyosore Onigbanjo ,SAN, the Lagos State Attorney-General (A-G), all the charges were withdrawn on the condition that they tender a formal apology to the Lagos State Government and the Presidency.

    The Chief Magistrate, Mrs Yewande Aje-Afunwa in a ruling, struck out the charges against the defendants.

    “Upon the oral application of DPP on behalf of A-G which allocation is brought under Sections 71 and 73 of the Administration of Criminal Justice Law.

    “Which is pursuant to the fact that the three defendants have complied with conditions of the unchallenged application of DPP for the withdrawal of this charge /44/2020.

    “Leave is hereby granted by this court to the A-G to withdraw this charge against the three defendants. Accordingly, the three defendants are hereby discharged,” she said.

    Aje-Afunwa commended the competence of the prosecution and defence teams in the handling of the case.

    “I commend the three defendants for taking responsibility for their errors. There is a manual by the State for restorative justice,” the Chief Magistrate said.

    Earlier, the Lagos State Director of Public Prosecution (DPP), Mr Yhaqub Oshoala told the court that the defendants had complied with all the stipulated conditions for the withdrawal of the charge.

    “They have all written individual letters of apology and undertaking to support the government in all areas to curtail the COVID-19 pandemic and to go into self isolation for 14-days,” Oshoala said.

    Defence counsel to the Gbadamosi, Mr Wale Akoni, SAN, and Ebun-Olu Adegboruwa, SAN, both confirmed the position of the DPP to the court.

    They said that Babatunde and his wife Folashade had both tendered letters of apology and undertaking to the police at State Criminal Investigation Department (SCID) Panti, for onward transmission to the Honourable Attorney-General of Lagos State.

    Naira Marley’s counsel, Miss Ayinde-Marshall also confirmed that the singer has also submitted his letter of apology and undertaking to the police.

    Responding to the submissions of the defence counsels, Oshoala applied that the charges against the defendants be struck out by the Chief Magistrate.

    ” I hereby apply that the charge be struck out against the defendants as they have undertaken to work with the government to tackle the COVID-19 pandemic.

    “We thank the court for the manner in which it handled the case,” the DPP said.


    Edited By: Sadiya Hamza
    (NAN)

  •   Naira Marley fans storm court in support of singer as Lagos drops case
    ‘Naira Marley’ fans storm court in support of singer, as Lagos drops case
      Naira Marley fans storm court in support of singer as Lagos drops case
    ‘Naira Marley’ fans storm court in support of singer, as Lagos drops case
    Judiciary2 years ago

    ‘Naira Marley’ fans storm court in support of singer, as Lagos drops case

    In spite of the lockdown still in place, dozens of fans of singer, Azeez Fashola, aka Naira Marley, were at the premises of an Ikeja Chief Magistrates’ Court to show support for their idol, the Nigeria News Agency reports.

    NAN reports that the fans, also known as Marlians and no fewer than 200, came to show massive support for Marley who was to be arraigned on Wednesday alongside a politician, Babatunde Gbadamosi and his wife, Folashade Gbadamosi.

    They were alleged to have contravened the COVID-19 induced social distancing directives of the Lagos State Government.

    NAN reports that there was pandemonium outside the court premises when Naira Marley and his co-defendants were being driven away by the police after the four-count charges against them were dropped by the Lagos State Government.

    There was a huge stampede with loud cries of “Marlians” by the fans some of whom ran after the police vehicles to catch a sight of the singer.

    The security officials present had to fire some gunshots in the air to disperse the fans.

    One of the Marlians, Mr Ismail Adewale, an estate agent who goes by the alias Lord Mayor, told NAN that he came to the court to show his love, solidarity and support for the singer.

    “I like Naira Marley because he represents an average man on the street, he also represents an identity of the street guys. We love his music and what he projects,” the fan said.

    Adewale said, though Naira Marley flouted the law, the court should temper justice with mercy and give him a lenient sentence.

    “What he did is against the enactment of the social distance law but that does not mean he should not be charged because there is a law in place.

    “We just want Lagos State Government and the people at the helm of affairs of the court to temper justice with mercy.

    “If he is going to be tried in court, it is not because the government does not like him, they are just using him as a deterrence because he is an ambassador of an average man on the street,” he said.

    Adewale noted that no one is above the law and that even American superstars such as R. Kelly and Michael Jackson have had to face trial when they were accused of committing crimes.

    Another Marlian, Miss Abiodun Bakare, said that she came to the court to show some love to the singer.

    “There is nobody above the law, I just love Naira Marley and I will always be his fan,” said Bakare, who described herself as a businesswoman.

    Mr Bolaji Akinrele, a student, also told NAN that he was in court to see Naira Marley and to witness the outcome of the court case.

    He described the singer as the “voice of the voiceless people on the streets”.

    Akinrele noted that though he felt Naira Marley was being unfairly treated by the government and the press, the law must take its course.

    “I love Naira Marley because of his music and his attitude toward the government. He tells us the truth and let us know how the government is treating us.

    “The government treats us like we do not have rights. They do not give us our entitlement. For example, in this time of Coronavirus, we are supposed to collect some entitlements, but we are not getting anything.

    “There should be someone enlightening us on what is going on and I think Naira Marley is the one who has been doing that,” he said.

    Another Marlian, Miss Saidat Abiodun, said she came to also show love to Naira Marley and other fans at the court premises.

    “I just love him, his music and his person. I do not think the government is treating him badly. If he commits an offence, he has to face the law,” Abiodun said.

    NAN also reports that the defendants were attendees of the 43rd birthday party of Nollywood actress, Funke Akindele’s husband, Abdul-Rasheed Bello, aka JJC Skillz.


    Edited By: Kamal Tayo Oropo/Wale Ojetimi
    (NAN)

     

  •  Social distancing Naira Marley Gbadamosi to tender apology as Lagos withdraws charges
    Social distancing: Naira Marley, Gbadamosi to tender apology as Lagos withdraws charges
     Social distancing Naira Marley Gbadamosi to tender apology as Lagos withdraws charges
    Social distancing: Naira Marley, Gbadamosi to tender apology as Lagos withdraws charges
    Judiciary2 years ago

    Social distancing: Naira Marley, Gbadamosi to tender apology as Lagos withdraws charges

    The charges against Peoples Democratic Party (PDP) politician Babatunde Gbadamosi, his wife, Folashade, and musician Afeez Fashola (a.k.a Naira Marley) were on Wednesday withdrawn by Lagos State.

    The Gbadamosis and Fashola were charged with flouting the Cessation of Movement and Stay at Home Order made by President Muhammadu Buhari and the Social Distancing Order given by Gov. Babajide Sanwo-Olu of Lagos.

    The Nigeria News Agency reports that they were docked before an Ikeja Chief Magistrates Court.

    However, the charges were not read to them as the state Director of Public Prosecutions (DPP), Mr Yhaqub Oshoala, said that the state intended to ‘step down’ the charges due to advice from the state Attorney-General, Mr Moyosore Onigbanjo (SAN).

    Oshoala said that the state was not a “persecutor but a prosecutor”.

    He, however,  gave three conditions to the defendants for withdrawal of the  charges.

    “The first condition is that there will be a personal apology to the president and governor; the second is that they will give an undertaking to comply with the COVID-19 Regulations.

    “Finally, they will go into self-isolation for 14 days and report back to the court,” he said.

    The Nigeria News Agency reports that Mr Wale Akoni (SAN) represented Babatunde, Mr Ebun-Olu Adegboruwa (SAN) represented Folashade, while Ms Damilola Ayinde-Marshall represented Fashola.

    Following the submission of the DPP, the defendants through their counsel accepted the conditions.

    Thus, the DPP applied to withdraw the charges.

    Akoni expressed appreciation to the state and confirmed to the court that his client accepted the conditions.

     

    Thanking the court also,  Adegboruwa said, “On behalf of the third defendant (Folashade), I express appreciation to His Excellency, Mr President, and the governor, the attorney-general, the DPP and his team, the police and, most of all, the court.

     

    “The third defendant is a law-abiding citizen and accepts all that three conditions as stipulated by the DPP.”

     

    Ayinde-Marshall, Fashola’s counsel, thanked the president, the governor of Lagos, the police  and the DPP.

    “My client is a law-abiding citizen and a strict supporter of government policies. We undertake that we will fulfill the conditions,” he said.

    The Chief Magistrate, Mrs Yewande Aje-Afunwa, ordered that  the defendants should communicate their acceptance of the conditions through the Legal Section of the Force Criminal Investigation Department, Panti, Yaba, Lagos.

    Aje-Afunwa adjourned the case April 9 for mention.


    Edited By: Edith Bolokor/Ijeoma Popoola
    (NAN)

     

     

     

     

     

     

     

     

     

     

     

  •  Social distancing Journalists barred from court during Naira Marley Gbadamosi s arraignment
    Social distancing: Journalists barred from court during Naira Marley, Gbadamosi’s arraignment 
     Social distancing Journalists barred from court during Naira Marley Gbadamosi s arraignment
    Social distancing: Journalists barred from court during Naira Marley, Gbadamosi’s arraignment 
    Judiciary2 years ago

    Social distancing: Journalists barred from court during Naira Marley, Gbadamosi’s arraignment 

    Journalists were on Wednesday barred from covering the arraignment of musician Azeez Fashola (a.k.a Naira Marley) and politician Gbolahan Gbadamosi before an Ikeja Magistrates’ Court.

    The development followed backlash by Nigerians on flouting of social distancing directives  during arraignment of Nollywood actress, Funke Akindele, and her husband, Abdulrasheed Bello, on Monday.

     

    Footage of journalists clamouring to take videos clips and photos of the actress and her husband on Monday was received with backlash because the media professionals  did not also observe social distancing in carrying out their duties.

    Fashola and Gbadamosi are among those who attended the 43rd birthday party of Akindele’s husband on April 4.

    They were arraigned for flouting the social distancing directive of the Lagos State Government by attending the party along with more than 20 other persons.

    The Nigeria News Agency reports that the directive forbids gathering of more than 20 people.

    The aim is to curb coronavirus spread.

    Akindele and Bello were arraigned for the same purpose.

    An officer, Mr Summonu Kazeem, from Area G Police Command, who spoke with NAN, said he got an order `from above’ that journalists should not be allowed into the court premises.

    At the time of filing this report, journalists from both print and electronic media were outside the court premises.


    Edited By: Ifeyinwa Okonkwo/Ijeoma Popoola
    (NAN)