CBN reduces banks’ Loan to Deposit Ratio to 50%

Central Bank of Nigeria (CBN),  Governor, Yemi Cardoso has attributed the rising high interest rates to the excessive ₦27 trillion loan facility issued to the Federal Government. The Senate approved a ₦22.7 trillion Ways and Means loan on May 23, 2023, thereby securitizing the debt. This approval followed a request by former President Muhammadu Buhari […]

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EndSARS Protest: ECOWAS Court finds FG guilty of human rights violations

orders trial of security agents who attacked protesters at Lekki Toll Gate The Court of Justice of the Economic Community of West African States, ECOWAS, has found the Federal Government guilty of violating the fundamental human rights of youths who participated in the October 2020, EndSARS protest. The court, in a unanimous decision on Wednesday […]

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LG autonomy: Supreme Court judgment, a win for Nigeria — Atiku

Former Vice President, Atiku Abubakar, has described Thursday’s judgment of the Supreme Court on financial autonomy for local government councils as a win for the country. In a statement in Abuja, he posited that the ruling is a step in the right direction to enhance development across the country. Throwing his weight behind the ruling, […]

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LGS, LCDAs transition committees’ appointment lawful, Ondo replies PDP

Ondo State Government has said that the transition committees for the state’s 33 Local Council Development Areas, LCDAs, are lawful. It faulted the position of the Peoples Democratic Party, PDP, which described the committees’ appointment by Governor Lucky Aiyedatiwa as unconstitutional. The leading opposition party had earlier in the day in a statement by its […]

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NULGE, NLC hail Supreme Court ruling on LG autonomy

The National Union of Local Government Employees (NULGE) and Nigeria Labour Congress (NLC) have expressed profound satisfaction with the recent Supreme Court decision granting autonomy to local governments across Nigeria. They described it as a pivotal moment for local development, Ambali emphasized that the ruling marks the realisation of a longstanding aspiration. NULGE National President […]

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LGs financial autonomy: Governors hold emergency virtual meeting

The 36 State governors under the aegis of the Nigeria Governors’ Forum (NGF) will hold an emergency virtual meeting on Thursday night on the Supreme Court ruling that declared the State and Local Government Joint Account unconstitutional. The NGF Chairman, Governor AbdulRahman AbdulRazaq of Kwara State disclosed this after the meeting held with President Bola […]

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LG autonomy: Victory for accountable governance — Omo-Agege

Immediate past Deputy President of the Senate, Senator Ovie Omo-Agege, has commended the Supreme Court for its judgement giving financial autonomy to the 774 local government areas in the country. In a press statement he personally signed and made available to our correspondents in Delta State, he described the judgement as giving the much-needed life […]

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Supreme Court bars governors from LGs’ funds, dissolving councils

. says governors lack constitutional power to withhold councils’ funds, dissolve LGs . nullifies JAAC, orders direct payment to LGs The Supreme Court on Thursday, declared that it is unconstitutional for state governors to hold on to funds meant for Local Government administrations. Also, it barred governors from dissolving democratically elected Local Government councils in […]

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Teachers’ recruitment: Ondo SUBEB warns applicants against racketeers

Ondo State Universal Basic Education Board (ODSUBEB) on Thursday warned applicants in the ongoing teachers’ recruitment into public primary schools in the state against racketeers. A statement on Thursday by the board’s Director, Information and Public Relations, Prince Bolu Ajijo, said: “This warning becomes imperative following credible information that some nefarious people, not staff of […]

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Osun Amotekun boss debunks indictment by EndSARS panel

– warns criminals The newly appointed Corps Commander of the Amotekun security outfit in Osun State, Dr Adekunle Omoyele, has debunked his alleged indictment by the EndSARS panel report, He described the allegation as frivolous, saying it was orchestrated by a faceless group of people who felt threatened because of his remarkable achievements as a […]

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