Top Nigerian Newspaper Headlines For Today, Thursday, 1st February, 2024

Good day! Below is a round-up of news headlines from Nigerian Newspapers for today:

1. The Central Bank of Nigeria has recently taken measures to stabilize the nation’s fluctuating exchange rate. In its latest circular, released on Wednesday, it ordered Deposit Money Banks to dispose of their surplus dollar reserves by February 1st, 2024. Additionally, the bank cautioned against stockpiling foreign currencies for monetary gain.

2. At approximately 10:00 am on Wednesday, the multi-million naira church auditorium belonging to The Household of David Church located on Surulere Street in Adeniyi Jones within Ikeja Local Government Area of Lagos State was destroyed by a fire incident.

3. On Wednesday, Executive Order 001, 2024 was signed into law by Seyi Makinde – the Governor of Oyo State. This order pertains to the management and preservation of dangerous substances within the state. A portion of this directive designates a mandatory deadline for any resident who currently possesses explosives; requiring them to report it within just three days…[CONTINUE READING READING]>>

4. Former minister, Hadi Sirika’s controversial Nigeria Air deal is under investigation by the Economic and Financial Crimes Commission (EFCC), according to Festus Keyamo, Minister of Aviation and Aerospace Development. The disclosure was made on Wednesday during his appearance on Channels TV Politics Today program.

5. Former President Goodluck Jonathan has been selected by the Commonwealth to lead its Election Observation Mission for Pakistan’s upcoming general elections on February 8, 2024. The announcement was made in a statement released Wednesday by Jonathan’s assistant Ikechukwu Eze.

6. During a public engagement event on youth, religion, and combating corruption at the Yar’Adua Centre in Abuja, Mr Ola Olukoyede – Chairman of The Economic and Financial Crimes Commission (EFCC) informed attendees that the financial activities of a religious group within Nigeria had been discovered. According to Mr Olukoyede’s remarks there was evidence this organization had laundered funds for militants associated with terrorism. Additionally during his speech he launched both an inter-faith manual resource as well as announcing new fraud risk assessment measures being introduced across multiple government departments and agencies belonging to federal authorities.

7. Billionaire businessman, Femi Otedola has been designated as the fresh chairman of The First Bank of Nigeria (FBN) Holdings’ board of directors following the retirement of Alhaji Ahmad Abdullahi. This news was made public in a corporate filing on Nigerian Exchange Limited (NGX), informing investors about this significant development.

8. Edison Ehie, the Chief of Staff to Rivers State Governor Siminalayi Fubara and former factional Speaker of the state’s House of Assembly has been issued an arrest warrant by the Federal High Court Abuja. The warrant was for his alleged involvement in criminal activities including burning down the State House of Assembly. Justice Emeka Nwite ruled that Ehie is one amongst five individuals who are facing similar charges which necessitated their immediate apprehension.

9. Emmanuel TV, the primary channel managed by Prophet TB Joshua, late founder of Synagogue Church of All Nations (SCOAN), has been removed from YouTube following accusations against him. This move comes after BBC released a contentious investigative report on alleged cases of sexual assault and torture linked to the deceased preacher.

10. Due to the shortage of dollars caused by online business transactions and cryptocurrency, Bureau De Change (BDC) operators in Abuja have declared a suspension of operations. The Association’s Chairman, Mallam Abdulahi Dauran announced this move on Wednesday from Nigeria’s capital city…[CONTINUE READING READING]>>

11. Olanipekun recounts how he nearly got punched by Obasanjo.

Wole Olanipekun, a Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), has recently disclosed an astonishing account regarding his interaction with ex-President Olusegun Obasanjo.

Olanipekun alleged that during his presidency, Obasanjo came close to attacking him when he proposed altering Nigeria’s constitution.

Olanipekun disclosed this information while delivering a speech at the 32nd and 33rd convocation lecture of Olabisi Onabanjo University (OOU) in Ago-Iwoye, Ogun State.

In a lecture entitled “An Anatomical Analysis of the Causes and Effects of Mass Exodus of Human Capital in Nigeria”, Olanipekun vehemently denounced the 1999 constitution, dubbing it as insufficient for tackling the country’s predicaments.

He recommended a comprehensive revision of the constitution to effectively fulfill the requirements of the nation.

In 2002, when he led a delegation of the NBA to meet with President Obasanjo, the ex-NBA president suggested that they initiate a process to modify the constitution.

Despite his proposal, Obasanjo not only dismissed it but also came close to physical confrontation by almost resorting to boxing him.

Several factors, ranging from insecurity to a faulty constitution, struggling economy and flawed federalism have been attributed by Olanipekun as the reasons behind the mass migration of young Nigerians overseas…[CONTINUE READING READING]>>

12. Update on FAAN Relocation to Lagos Provided by Federal Government

Festus Keyamo, the Minister of Aviation and Aerospace Development, has confirmed the government’s choice to move the Federal Airports Authority of Nigeria (FAAN) headquarters from Abuja to Lagos.

Amid opposition from different political figures and northern groups, Keyamo declared this on Wednesday during Channels Television’s Politics Today show.

Senator Ali Ndume of Borno South and various other northern entities such as the Arewa Consultative Forum (ACF) and Northern Elders Forum (NEF), are opposed to the relocation, believing that it is an act of marginalization against their region.

Keyamo maintained that the relocation is necessitated by the desire to conform to contemporary economic and operational standards, notwithstanding these apprehensions.

Keyamo, a Senior Advocate of Nigeria as well, emphasized that relocating FAAN’s headquarters to Lagos serves as a tactical move targeted at preserving an approximate half billion naira yearly for the Nigerian government and its citizens.

The reduced expenses on airfare for FAAN officials traveling between Lagos and Abuja for official duties are the reason behind this cost-saving.

The decision to relocate was disclosed by the minister, who cited recommendations from both high-ranking FAAN officials and aviation unions as influential factors. They contended that this shift would notably improve operational efficiency.