Connect with us


BIG STORY

JUST IN: World Bank Finally Approves $1.5bn Loan For Nigeria

Published

on

The World Bank has approved Nigeria’s request for a $1.5 billion loan.

In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year country partnership framework (CPF) that will last from 2021 to 2024.

The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).

“This country partnership framework will guide our engagement for the next five years in supporting the government of Nigeria’s strategic priorities by taking a phased and adaptive approach,” Shubham Chaudhuri, World Bank country director for Nigeria said.

“To realize its long-term potential, the country has to make tangible progress on key challenges and pursue some bold reforms. Our engagement will focus on supporting Nigeria’s efforts to reduce poverty and promote sustained private sector-led growth.”

The loan will focus on four areas of engagement namely Investing in human capital, promoting jobs and economic transformation and diversification, enhancing resilience, and strengthening the foundations of the public sector.

The bank’s board of directors also approved $1.5 billion for two projects in Nigeria.

The projects are Nigeria COVID-19 Action Recovery and Economic Stimulus – Program for Results (Nigeria CARES) and The State Fiscal Transparency, Accountability, and Sustainability Program for Results (SFTAS) Additional Financing.

Both projects will get a $750 million facility through the International Development Association (IDA).

The $1.5 billion loan had initially been delayed with Chaudhuri saying Nigeria needs to carry out more currency reform to access the loan.

BIG STORY

Abuja Herbalist Hospitalised After Shooting Self While Testing ‘Bulletproof’ Charm

Published

on

A herbalist, Ismail Usman, suffered a life-threatening injury while testing a self-made ‘bulletproof’ charm. The incident occurred in Kuchibuyi village, Federal Capital Territory, Abuja, on November 23.

Usman used a locally fabricated gun to shoot himself in the stomach after fortifying himself with the charm. Unfortunately, the charm failed, leaving him severely injured.

FCT police command spokesperson Josephine Adeh confirmed the incident, stating that officers from the Byazhin Division rushed Usman to Kubwa General Hospital. Due to the severity of his injuries, he was later transferred to Gwagwalada Specialist Hospital.

Adeh said, “A distress call from Shandam Michael reported a shocking event involving Ismail Usman, a local herbalist known for his unconventional methods. In a misguided attempt to test the effectiveness of a self-made ‘bulletproof’ charm, Usman shot himself in the stomach with a shotgun.

“Unfortunately, the charm failed to protect him, resulting in life-threatening injuries. Officers from the Byazhin Division responded swiftly, arriving at the scene to find Usman in critical condition. He was quickly transported to Kubwa General Hospital for emergency treatment and later transferred to Gwagwalada Specialist Hospital for further care.

“In the aftermath, police conducted a thorough search of Usman’s home, recovering the homemade gun and an array of charms used in his reckless experiment.”

Adeh stated that Usman would face charges for unlawful possession of firearms and attempted suicide, violating Section 231 of the Penal Code Law of Northern Nigeria.

She said, “Investigations are ongoing, and Usman is expected to face charges for unlawful possession of firearms and attempted suicide under Section 231 of the Penal Code Law of Northern Nigeria.

“Commissioner of Police FCT, CP Olatunji Disu, condemned the incident, highlighting the dangers associated with illegal firearms.”

Continue Reading

BIG STORY

Hon. Abimboye Celebrates Governor Adeleke’s 2nd Anniversary With Food And Cash Gifts In Ode Omu

Published

on

In a heartfelt celebration of Governor Ademola Adeleke’s second anniversary in office, Hon. Babatunde Michael Abimboye, a stalwart of the People’s Democratic Party (PDP), extended goodwill to members of the party in Ode Omu, Ayedaade Local Government Area of Osun State. The event, held on Friday, November 29, 2024, brought together party loyalists to commemorate the Governor’s remarkable achievements over the past two years.

The atmosphere in Ode Omu was vibrant, as PDP members gathered to receive food items and cash gifts distributed by Hon. Abimboye. The initiative, which underscored the importance of grassroots engagement, was described as both a celebration of democracy and a recognition of the efforts of party members in supporting the state’s leadership.

Speaking at the event, Hon. Abimboye highlighted the importance of the gesture, framing it as an appreciation for the loyalty and dedication of PDP members in the area. “This celebration goes beyond distributing food and cash gifts; it is a reflection of the Governor’s impact in transforming Osun State and ensuring that no community is left behind. As PDP members, we are proud to stand by him and share the dividends of democracy with our people,” he stated.

He added that Governor Ademola Adeleke’s two years in office have been marked by a focus on transformative governance, with initiatives aimed at improving infrastructure, education, healthcare, and economic opportunities across Osun State. These efforts have not only earned him the admiration of residents but also solidified his reputation as a leader committed to inclusivity and development.

Hon. Abimboye’s event served as a platform to reflect on these accomplishments, with attendees lauding Governor Adeleke’s approach to leadership. Many described the past two years as a period of renewed hope and tangible progress, particularly in rural communities like Ode Omu.

In Ode Omu, Abimboye listed the Governor’s impact has been particularly evident through targeted projects aimed at improving the lives of residents. These include the rehabilitation of two Primary Health Centres in the town as well as the total reconstruction of the Oke-Eso Road which has facilitated easier movement of goods and people within the community.

Hon. Abimboye’s outreach in Ode Omu is reflective of the Governor’s broader commitment to grassroots engagement. By directly connecting with party members, the event reinforced the importance of unity within the PDP and underscored the administration’s dedication to inclusive governance.

Party members expressed their gratitude for the initiative, describing it as a reaffirmation of the bond between the leadership and the grassroots. One attendee remarked, “This is not just about food or cash; it is about recognizing our contributions and making us feel valued in the governance process.”

As Osun State celebrates Governor Adeleke’s second anniversary in office, events like the one in Ode Omu serve as a reminder of the administration’s achievements and the work that lies ahead. Hon. Abimboye’s gesture highlights the importance of fostering a strong connection between leadership and the people, ensuring that the dividends of democracy are felt across every community.

With ongoing projects and a vision for a brighter future, Governor Adeleke’s administration continues to set a standard for transformational governance in Osun State. As celebrations extend across the state, the focus remains on building a more prosperous, inclusive, and equitable society for all.

Continue Reading

BIG STORY

Appeal Court Nullifies Rape Conviction Of Lagos Doctor Femi Olaleye

Published

on

The Lagos appeal court has overturned the “rape” conviction of Femi Olaleye, managing director of Optimal Cancer Care Foundation. On Friday, the appellate court ruled that the lower court “erred” in its judgment.

Olaleye was arraigned in November 2022 on a two-count charge of “defilement of a child” and “sexual assault by penetration.”

He was convicted in October 2023 and sentenced to life imprisonment for “rape.”

However, the appeal court held that the lower court relied on “tainted” and “unreliable” evidence.

THE VERDICT

The three-member panel of the appeal court are Jimi Olukayode Bada, Mohammad Sirajo, and Folasade Ojo.

Bada read the lead judgment which was adopted by the two other justices.

The appeal court held that the lower court erred based on the “tainted” and “unreliable” evidence of Oluremi, the defendant’s wife, and the alleged survivor.

The appeal court stated that Oluremi’s conduct showed that she was motivated by greed and the desire to take over the appellant’s assets upon his incarceration.

The appellate court described Olaleye’s wife as a “tainted witness”.

The court also ruled that the lower court relied on the “hearsay evidence” of the other witnesses on the age of the alleged survivor.

The appellate court held that since none of the witnesses witnessed the birth of the alleged survivor, it was wrong for the lower court to rely on their testimonies.

The court ruled that the prosecution’s case that the alleged survivor was a 16-year-old child was bereft of evidence.

The court described the testimonies of the child forensic specialist, that of a medical doctor from the Mirabel Centre, and the investigating officer’s, as “worthless”.

The appellate court said the trial judge “interfered” in the proceedings by bridging the “yawning gaps” in the prosecution’s case.

The court held that the prosecution failed to present material witnesses such as two family members who witnessed Olaleye’s alleged confession.

The court said a trial within trial ought to have been conducted to ascertain the voluntariness of the appellant’s confessional statements while in police custody.

The court of appeal resolved all five issues in favour of the appellant.

The appeal court thereafter discharged and acquitted Olaleye.

Continue Reading



 

Join Us On Facebook

Most Popular