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JUST IN: Old, New Naira Notes To Co-Exist Until Further Notice, Supreme Court Rules

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The Supreme Court has declared that until further notice, both old and new naira notes will be lawful cash.

The Supreme Court extended the deadline to phase out obsolete naira notes to December 31, 2023 in March 2023.

On November 21, the federal government petitioned the Supreme Court for an extension of time for outdated naira notes to stay in circulation.

 

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BIG STORY

Report Nigerian Officials Who Demand Bribes — Tinubu To Qatari Investors

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has asked Qatari investors to bring their investments to Nigeria, encouraging them to report any public officials who demand bribes.

Speaking at the Nigeria-Qatar business and investment forum in Doha on Sunday, Tinubu told the investors that Africa’s largest economy and its systems are being reformed and upgraded.

According to a statement on Sunday, the president assured the international business community that Nigeria is ready for serious business, pledging to remove all bottlenecks hindering profitable and legitimate enterprise.

He encouraged Qatar’s captains of industries to report any government official who demands a bribe or any form of inducement at any point in their business endeavour, assuring them of direct access to his office.

“I am here to give you the assurance that reforms are going on; forget about whatever you heard in the past. Whatever is the obstacle or problem that some of you might have experienced; it is in the past, because there is no obstacle in the future,” he said.

“Do not offer a bribe to any of our people, and if it is requested or taken from you, report to us. You will have access to me.

“Nigeria will no longer be defined by the past, but by what we do now and moving forward. Do not let perceptions become a hindrance to your will to invest. Nigeria is serious about revolutionizing investment promotion.

“We are removing obstacles today and we are going to continue to remove all obstacles. We have done so much within nine months. And I am assuring you, it is free entry, and free exit. Your funds will flow smoothly into and out of our country. Bring your investments.”

He said Nigeria possesses vast opportunities in various fields, telling his host that the West African nation is rich in mineral resources.

“We have oil and gas; we have solid minerals. I do not see why we cannot become prolific partners in exploring iron ore, as well as steel production, and energy across the board,” he said.

“I am here to give you assurances in all spheres: tourism, hospitality, healthcare, and in many other opportunities that abound around us. Do not be the investors who miss out on the golden opportunity we present.”

Tinubu also said the war against corruption and insecurity in Nigeria has been significantly strengthened with the appointment of Nuhu Ribadu as the national security adviser (NSA).

“We have a man who has won many global awards for anti-corruption as an anti-corruption czar,” he said.

“My responsibility is to tell you that Nigeria is open for business, and to assure you that your investments are safe in our hands. We have men and women of great reputation here. And we believe we can forge a good committee that will advance our discussions to fruitful conclusions.

“A nation is an artificial entity unless there are good people to drive it. People build great nations and we have great people. We are ready.”

Welcoming the Nigerian delegation, Sheikh Mohammed Bin Hamad Bin Qassim Al Abdullah Al Thani, Qatar’s minister of commerce and industry, said his country looks forward to exploring opportunities in Nigeria, owing to its population demography and market, as it seeks to prioritise new investments in low carbon initiatives, mineral products, petroleum chemicals, industry, and consumables.

Accompanying the president to the Nigeria-Qatar business forum were Babagana Umara Zulum, Borno governor; Uba Sani, Kaduna governor; Babajide Sanwo-Olu, Lagos governor; Wale Edun, coordinating minister of the economy and minister of finance; Dele Alake, minister of solid minerals development; Muhammad Ali Pate, coordinating minister of health and social welfare; Adegboyega Oyetola, minister of marine and blue economy; Doris Uzoka-Anite, minister of trade, industry and investment; Jamila Bio Ibrahim, minister of youth; and Ekperipe Ekpo, minister of state for petroleum resources (Gas).

Others include Nuhu Ribadu, national security adviser; Olu Verheijen, special adviser on energy; and Dele Kelvin Oye, president of the Nigerian Association of Chambers of Commerce and Industry, Mines, and Agriculture (NACCIMA).

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Olori Omo Oba Hit 67 And Still Waxing Stronger By Seun Oloketuyi

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Alhaji Wasiu Omo Gbolahan Olasunkami Adewale Ayinde is a man of destiny, focused and passionate about what he wants.

Or, what do you call a man, who rose from the streets of Isale Eko chasing his dreams to be a musician highly insipired by Islamic beliefs before trying out as an actor and then going back fully to Fuji, a genre of music that has blessed him and vice-versa.

Over the years, the princely singer from the Fidipote family has remained focused with his eyes firm on the crystal balls.

Despite his royal status, the Ijebu people, humanity, building bridges and indeed the entertainment industry have been the better for it as he remains one of the biggest act from Africa as at today.

KWAM 1 or K1- de Ultimate as many love to call him, loves his root – the Yoruba people – and undoubtedly, he loves his Ijebu root more and that’s why he has moved back home for about a decade.

Since moving back to Ijebu, he has established businesses and continues helping the development of the land.

Little wonder, the Awujale of Ijebuland, the highly respected Monarch, sees KWAM 1’s efforts and contribution to the growth of the revered Ijebuland and decided to reward him by bestowing upon him the important title of Olori Omo Oba – a position formerly occupied by banking doyen Otunba Subomi Balogun until his demise.

Alhaji Wasiu is 67 today in good health and we pray his tenure is peaceful and brings progress.

Long May you live Olori Omo Oba

Long May you live Awujale

Long May Ijebu prosper

 

Seun Oloketuyi is the Producer of Awujale Biopic

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BREAKING: Veteran Nollywood Actor Mr Ibu Dies At 62

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Nollywood veteran actor, John Okafor, popularly known as Mr. Ibu is dead.

It was gathered that the Nollywood Legend who was amputated in both legs last year reportedly passed away on Saturday evening at Evercare Hospital.

Recall that there had been speculations about his demise following his absence from limelight for over three years before the news of him being bedridden went viral.

Mr Ibu, in 2019, alleged that his kinsmen paid some of his domestic workers to poison him because of his successful career.

In May 2022, the comic actor again alleged that he was poisoned for the third time.

 

More to come…

 

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