SCIL GROUP BUYS POLARIS BANK FOR N50 BILLION

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the acquisition of Polaris Bank Limited. CBN’s Director, Corporate Communications Department, Osita Nwanisobi, in a statement on behalf of CBN and AMCON, said Strategic Capital Investment Limited (SCIL) has paid N50 billion for the acquisition of 100 per cent equity of the bridge bank. The statement noted that the new owners, SCIL, have accepted the terms of the agreement for the purchase. The terms include the full repayment of N1.305 trillion, being the…

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LIZ TRUSS RESIGNATION: PRIMATE AYODELE GOT IT RIGHT AGAIN

By John Azuka Even if you have joined the bandwagon to describe him as a fake prophet just like I used to, I think Primate Elijah Ayodele has finally knocked-off his critics with the surprising way his prophecy on UK Prime minister Liz Truss came to pass. Some see the prophecies of Primate Ayodele as mere analysis or permutation especially when it comes to politics in Nigeria, they call him PDP or APC prophet whenever his prophecies favour anyone of them but this particular one has shown that Primate Ayodele’s…

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‘OUR CHILDREN MUST BE HEARD’–ATIKU SALUTE NIGERIAN YOUTH ON 2ND ANNIVERSARY OF #ENDSARS PROTEST

Former Vice President and presidential candidate of the Peoples Democratic Party, PDP, Alhaji Abubakar Atiku, has sent a solidarity message to Nigerian youths on the 2nd anniversary of the 2020 #EndSars protests. According to Atiku, “Our children MUST be heard and provided with spaces to express themselves within the ambit of the law and given opportunities too”. Insisting that his support for the youth protest has not changed, Atiku reiterated that “There’s still a compelling need for Police reforms incorporating State Police and justice for those who have suffered police…

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NDDC SOLE ADMINISTRATOR, EFFIONG AKWA SACKED

President Muhamadu Buhari has sacked Effiong Akwa, Sole Administrator of the Niger Delta Development Commission (NDDC). In a statement by the Director of Press, Ministry of Niger Delta Affairs, Patricia Deworitshe, the President also announced the constitution of a new management team and Governing Board of the NDDC. The statement gave no reasons for the removal of the NDDC boss. According to the statement, the Board nominees will be announced later.

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BRITISH PM LIZ TRUSS QUITS AS PRIME MINISTER AFTER 45 DAYS

Liz Truss is to issue a statement resigning as prime minister after just 45 days, following the near-complete evaporation of her political authority, a process begun by last month’s disastrous mini-budget. “It’s over,” a source said. Truss, who would become the shortest-serving prime minister in UK history, has been under pressure from Tory MPs to quit after the resignation of Suella Braverman as home secretary and as the Tory party plunged into chaos. It is unclear whether she will step down immediately or set out a timetable for departure, with…

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