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Nigeria Secures Bid To Host African Energy Bank Headquarters

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Nigeria has successfully secured the bid to host the $5 billion African Energy Bank (AEB) headquarters, a global multilateral institution dedicated to financing Africa’s hydrocarbon resources and supporting the continent’s energy transition and net-zero commitments.

The announcement was made by Heineken Lokpobiri, Minister of State for Petroleum Resources, in Abuja on Thursday, following a meeting of the Council of Ministers of the African Petroleum Producers’ Organization and the Afrexim Bank, the joint promoters of the bank.

The hosting of AEB is expected to bring numerous benefits to Nigeria, including boosting the country’s Gross Domestic Product (GDP), enhancing employment opportunities, and strengthening financial architecture and inclusion.

This significant development is anticipated to revolutionize Nigeria’s oil and gas sector, positioning the nation as a pivotal player in Africa’s energy landscape.

 

 

More to follow……….. 

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Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles

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Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.

The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.

READ ALSO: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.

He urged the committee to carry out its assignment thoroughly and within the bounds of the law.

In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.

“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.

“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”

The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.

“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”

He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.

“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.

The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.

 

 

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JUST IN: Senate Approves Tinubu’s ₦1.77trn Loan Request

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To address Nigeria’s ₦9.7 trillion budget deficit for the 2024 fiscal year, the Senate has approved President Bola Ahmed Tinubu’s request to secure a ₦1.77 trillion ($2.2 billion) loan.

The decision was made during Thursday’s plenary session, where a voice vote confirmed the approval following the presentation of a report by the Senate Committee on Local and Foreign Debts.

RELATED NEWS: Tinubu Seeks ₦1.767tn Loan to Tackle 2024 Budget Deficit

Chaired by Senator Wammako Magatarkada (APC, Sokoto North), the committee endorsed the loan request as a vital step in managing the country’s fiscal challenges.

Recall that President Tinubu had submitted the proposal earlier in the week, outlining the loan as a crucial component of his administration’s external borrowing strategy.

 

 

 

 

 

 

Details shortly………….. 

 

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Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

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Simon Ekpa, a Finnish citizen of Nigerian descent, has been arrested by Finnish authorities on allegations of inciting terrorist activities.

The Päijät-Häme District Court ordered his detention following an incident that reportedly occurred in Lahti on August 23, 2021.

READ ALSO: Policeman Feared Dead As Gunmen Attack Checkpoint In Abia

The Finnish National Bureau of Investigation (NBI) is also seeking the arrest of four other individuals in connection with the case. Officials say the charges involve public incitement to commit crimes with terrorist intent.

“The detention demands are related to a preliminary investigation in which a Finnish citizen of Nigerian descent, born in the 1980s, is suspected of public incitement to commit a crime with terrorist intent,” the police said in a statement.

Details regarding the additional suspects or the specifics of the alleged crimes remain unclear as the investigation continues. Authorities have emphasized the sensitive nature of the case, stating that further information will be disclosed as the inquiry progresses.

This development marks a significant step in Finland’s efforts to combat terrorism and ensure public safety.

 

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