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BREAKING: Nigeria’s Inflation Rate Increases To 27.3 Percent Amid Hike In Food Prices

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The consumer price index (CPI), which measures the rate of change in goods and services prices, increased to 27.33 percent in October 2023, up from 26.72 percent the previous month.

The National Bureau of Statistics (NBS) revealed this in its September CPI report, which was released on Tuesday.

This is the eleventh consecutive increase in the country’s inflation rate this year.

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Alleged Fraud: Court Grants Sirika, Daughter, Two Others N100m Bail Each

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A Federal High Court located in Abuja has granted N100 million in bail to Hadi Sirika, a former Minister of Aviation, along with two other individuals and his daughter.

They are on trial for allegedly defrauding the N2.7 billion. The court orders them to submit two further sureties, both of whom must have acquired properties in Abuja.

The court ruled that the sureties had to be law-abiding citizens as well. A means affidavit must be deposed to by the sureties.

The accused were also prohibited by the court from leaving the country without authorization.

Justice Oriji ordered that the defendants should be remanded in prison custody if they failed to meet their bail conditions.

The sureties must own landed properties within the FCT with valid titles. The trial will commence on the 10th, 11th and 20th of June.

 

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JUST IN: Former Aviation Minister, Sirika, Daughter Arrive Court Over N2.7bn Fraud Case [PHOTOS]

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Hadi Sirika, Former Minister of Aviation, alongside his daughter, Fatima have arrived at the Federal High Court in the Federal Capital Territory, Abuja where they will be arraigned for an alleged N2.7bn fraud in connection with the botched Nigerian Air project.

Recall that the Economic and Financial Crimes Commission (EFCC) has slammed six counts on the former minister, his daughter, and two others.

The anti-graft agency accused Sirika of conferring undue advantage on some entities between April 2022 and March 2023 in Abuja.

It added that that embattled minister abused his office by awarding consultancy N1.3bn contract for the Nigerian Air Start-up to Tianero  Nigeria Limited.

 

See photos below:

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46-Yr-Old Man Nabbed For ‘Stealing’ Road Studs On Third Mainland Bridge

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The Lagos State Neighbourhood Safety Corps (LNSC) has confirmed the arrest of  one Friday Nwafor for vandalising and stealing road light indicators on the Third Mainland Bridge.

Jubril Gawat, Babajide Sanwo-Olu’s senior special assistant on new media, stated in a post on his X page that the 46-year-old vandal was taken into custody on Tuesday.

Gawat stated that Nwafor was turned over to the police following his discovery of having taken off the road studs from the recently refurbished bridge.

“Officers of the Lagos State Neigbourhood Safety Corps (LNSC) apprehended a road infrastructure vandal who was vandalizing the newly constructed 3rd Mainland Bridge road light indicators,” he wrote.

“The suspect was identified as Mr. Friday Nwafor, a 46-year-old male resident of Lagos, who was immediately taken into our custody and handed over to the Commissioner of Police, Lagos Command, Mr. Adegoke Fayoade.”

Last month, the Lagos police command arrested four suspects for vandalising and stealing armoured cables.

In a post on his X handle, Benjamin Hundeyin, the police spokesperson in Lagos, posted that the suspects were arrested along Oba Akran road.

Hundeyin said the vandalised armoured cables were installed by the state government for the smart city light-up Lagos project.

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