FG to Issue N729bn Power Debt Bond

FG to Issue N729bn Power Debt Bond

The Federal Government will issue a second power sector bond worth N729 billion to clear verified legacy debts owed to electricity generation companies. The looming capital market intervention aims to inject desperate liquidity into the gasping domestic electricity supply industry. State administrators will host an essential Investors’ Forum on Tuesday to pitch the debt instrument…

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SERAP Faults Data Bill, Warns Against Social Media Crackdown

SERAP Faults Data Bill, Warns Against Social Media Crackdown

A prominent rights group has urged the National Assembly to withdraw a controversial draft data protection law immediately. The Socio-Economic Rights and Accountability Project described the proposed legislation as a deceptive backdoor attempt to regulate social media networks. The organisation warned that the bill grants state regulators sweeping powers to censor online expression and shut…

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Kogi Government Confirms Rescue Of Abducted Principal, NECO Official, Students

  Security agencies have successfully rescued four individuals abducted during an attack on Government Secondary School, Opada-Olowa, in Dekina Local Government Area of Kogi State. The Kogi State Government confirmed the rescue of the school principal, Elder Daniel Iyanaa; a National Examinations Council (NECO) official, Mr Solomon Audu; and two candidates who were taken during…

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Gbajabiamila Sues Adeyemi for N15bn Over Kickback Claims

Gbajabiamila Sues Adeyemi for N15bn Over Kickback Claims

Presidential Chief of Staff Femi Gbajabiamila has filed a fifteen-billion-naira defamation suit against Prince Adeniyi Adeyemi. The legal battle at the High Court of the Federal Capital Territory follows explosive public allegations of bribery and official misconduct. Adeyemi accused the top official of demanding a massive forty-eight per cent kickback from a N27.3 billion grant….

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