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NCC orders Telcos to disconnect nine indebted banks from USSD platform

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The  Nigerian Communications Commission (NCC) has ordered telecommunication companies to disconnect the Unstructured Supplementary Service Data (USSD) codes assigned to nine banks due to unpaid debts. This was made known in a public notice signed by NCC’s Director of Public Affairs, Reuben Muoka, on Wednesday. Muoka said the affected banks must settle their outstanding debts by January 27, 2025, or risk losing access to their USSD codes. The banks are Fidelity Bank (770), First City Monument Bank (329), Jaiz Bank (773), Polaris Bank Limited (833), Sterling Bank Limited (832), United Bank for Africa (919), Unity Bank (7799), Wema Bank (945), and Zenith Bank (966). The NCC spokesman noted that the codes, which are essential for enabling mobile banking services, could be reassigned to other applicants if the debts remained unresolved. He said that on Tuesday, January 14, nine out of 18 banks had not complied with regulatory directives. “While other banks have cleared their debts, the ...

US Deputy Secretary of State Campbell commends Foreign Ministry on Galactica Funds Repatriation

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US Deputy Secretary of State Kurt Campbell has commended the Nigerian government, through the Ministry of Foreign Affairs, for its close collaboration in successfully repatriating funds linked to forfeited luxury real estate and the Galactica Star Superyacht. During a valedictory telephone conversation with the Deputy Secretary of State, Kurt Campbell, he made the commendation and thanked Tuggar and his team. The repatriation negotiations, he said, had made him a believer in the country. He further pledged the support of his In a statement issued by the Special Assistant on Media and Communication Strategyo to the Honorable Minister of Foreign Affairs, Alkasim Abdulkadir, Ambassador Yusuf Maitama Tuggar (OON)  thanked Campbell for his dedication to the process and steadfast determination to bring the repatriation to fruition. The call addressed bilateral issues between the two countries, such as leveraging technology to turn digital assets like Binance into mutually beneficial oppo...

Security Checkpoints as Cash Points: Corruption in the Southeast Geo-Political Zone

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  OPINION BY - Maxwell Menkiti Ngene, Ph.D The southeast geo-political zone of Nigeria (Abia, Anambra, Ebonyi, Enugu, and Imo States) has become notorious for a peculiar brand of corruption, where security checkpoints have been transformed into cash points. Policemen and in some cases, soldiers manning these checkpoints have turned extortion into a lucrative business, preying on unsuspecting commuters, car, and tricycle drivers. The modus operandi is straightforward: security personnel flag down vehicles, subjecting occupants to unnecessary searches and harassment. The primary objective is not to ensure security of lives and property but to extort money from drivers and passengers. The situation is particularly dire for young men driving exotic cars, who are often profiled, vilified, and targeted for extortion. In a bizarre twist, some security officials now carry Point of Sale (POS) machines, which they use to withdraw various amounts of money from victims' accounts. This is often...

Electricity Tariff Adjustment: Aba Power Still the Lowest, Say Southeast Consumers

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Aba Power still has far the lowest tariff of all 12 electricity distribution companies in the country despite the Nigeria Electricity Regulatory Commission (NERC) 's January 1, 2025, approval for a 50 percent upward review with immediate effect. This fact was made known this morning in a statement by the Southeastern Zone of the Electricity Consumers Association of Nigeria (ECAN) after its New Year meeting and party at Trigpoint International Hotel, Awka, Anambra State. NERC approved Aba Power's adjustment of its Band A tariff of N117 per kilowatt hour (kWh) by 50 percent for Band A customers who receive at least 22 hours of supplies daily on December 30, 2024, eight months after approving a minimum of N209. 80 Kwh for Band A customers on all the country's other electricity distribution companies (DisCos) except the Port Harcourt Electricity Distribution Company (PHEDC), which charges N230 per kWh. “This means that Aba Power still charges far the lowest in Nigeria”, says th...

2025 Budget: Why N40 Billion Is Not Enough – INEC Chairman

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The Independent National Electoral Commission (INEC) Chairman, Prof. Mahmood Yakubu, has argued for an increase in the Commission’s 2025 budgetary allocation to facilitate its operations. He made the appeal during a budget defense session with the Joint Committee on Electoral Matters at the National Assembly complex on Friday, January 10, 2025. Highlighting the financial constraints the Commission encountered in the 2024 fiscal year, Prof. Yakubu explained that INEC was allocated N40 billion, which he described as insufficient to cover anything beyond personnel costs and social contributions. He detailed how the allocation left critical activities unfunded, such as the resumption of Continuous Voter Registration (CVR) and voter redistribution to polling units. “While we received all the funds allocated for 2024, the N40 billion was only enough to pay consolidated salaries, allowances, and statutory social contributions. Unfortunately, many operational activities had to be shelved,” he ...

OPINION: FOREIGN POLICY AND THE PATH TO PEACE IN A DANGEROUS NEIGHBOURHOOD

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 By- Hon Yusuf Tuggar, Minister of Foreign Affairs   Nigeria’s foreign policy to promote peace and prosperity is a constitutional obligation as much as it is a considered and sensible manifesto pledge, writes Hon Yusuf Tuggar, Minister of Foreign Affairs.   I was born in a civil war and was not able to vote for my leader until I was in my 30s. Nigeria is now a country guided by the rule of law and a constitution that clearly defines our system of government. This includes our foreign policy objectives, and rightly so, because in an interconnected world, we define our sovereignty in the context of certain, key principles: our right to self-determination; our right to defend our autonomy and secure our borders; and responsibility to respect our obligations under international law.   As foreign minister, I think these provisions are not just reasonable but vital - both for our own democracy, domestic peace and prosperity but also for a more just and stable international...

Enugu Police PRO Promoted, Decorated by Commissioner of Police and Prince Arthur Eze

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Enugu State Commissioner of Police, CP Kanayo Uzuegbu, alongside billionaire businessman and philanthropist, Prince Arthur Eze has decorated the spokesperson of the State Police Command, Daniel Ndukwe, who was recently promoted from the rank of Deputy Superintendent of Police (DSP) to Superintendent of Police (SP).   During the decoration ceremony in Enugu, CP Kanayo congratulated the newly promoted officer and urged him to view the promotion as a call to greater responsibility. He advised SP Ndukwe to exercise utmost wisdom and diligence in the discharge of his duties. Prince Arthur Eze similarly congratulated SP Ndukwe, encouraging him to remain focused and even more dedicated to his responsibilities. In his response, SP Daniel Ndukwe expressed gratitude to the Inspector-General of Police, IGP Kayode Adeolu Egbetokun for recommending him for the promotion and to the Police Service Commission for approving it. He also thanked CP Uzuegbu and Prince Arthur Eze for taking the ti...