DISASTER MANAGEMENT, ELECTORAL VALUES AND GOOD GOVERNANCE; LAGOS CP MEETS NEMA, INEC

The Commissioner of Police, Lagos State, CP Hakeem Odumosu, has met with the State Acting Coordinator, National Emergency Management Agency (NEMA) Mr Ibrahim Farinloye and the Resident Electoral Commissioner (REC), Independent National Electoral Commission(INEC), Mr Sam Olumekun, in his Ikeja office on Thursday, at different occasions. The meetings, which were propelled by the yearnings and …

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FEDERAL GOVT. DECIDES RESUMPTION DATE FOR SCHOOLS NATIONWIDE

Students have been waiting for the federal to give directives on when schools in Nigeria will fully resume since July. It is now a good news that the Nigerian federal government has announced that it has given all states to finalize their decision on when school will resume. The Minister of Education for State, Chukwuemeka …

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Edo election: Buhari warns against ‘do-or-die’ politics

President Muhammadu Buhari has advised political parties, candidates and security agents to behave responsibly in the forthcoming governorship election in Edo. The president, in a message to voters, political parties, election officials and security personnel, also warned against what he described as “the do-or-die mentality to politics.” The president’s Senior Special Assistant on Media and …

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FUEL, ELECTRICITY HIKE: NLC Talks Tough, Gives Two-Weeks For Reversal

The Nigeria Labour Congress has given the Federal Government two-weeks to reverse the hikes in fuel pump price and electricity tariff or face civil unrest nationwide. The warning came after the NLC Central Working Committee meeting in Abuja on Wednesday In a communiqué read by the NLC President, Ayuba Wabba, the union said the ultimatum takes …

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FBN Insurance Brokers Hosts Webinar To Sensitise SMEs On Risk Management And Cyber Security.

FBN INSURANCE BROKERS LIMITED, A SUBSIDIARY OF NIGERIA’S LEADING FINANCIAL SERVICES GROUP, FBN HOLDINGS PLC, HAS ANNOUNCED A WEBINAR TO SENSITISE SMES ON RISK MANAGEMENT AND CYBER SECURITY. SPEARHEADING DISCUSSIONS AT THE WEBINAR ARE SEASONED EXPERTS ON INSURANCE BROKERAGE, CYBER SECURITY AND RISK MANAGEMENT. The event is themed Risk Management and Business Continuity amidst COVID19 …

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FG, LASG stop barge operations along Marina coastline

The Federal Government, in conjunction with Lagos State Government, on Tuesday ordered the stoppage of barge operations along Marina coastline. The Minister of Transportation, Mr Rotimi Amaechi, and the Lagos State Governor, Mr Babajide Sanwo-Olu, gave the stop-work order during an unscheduled visit to inspect the activities around the Marina coastline. With the order, the …

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Nigeria loans: President Buhari Supports borrowing

President Muhammadu Buhari on Tuesday supports his government’s borrowing to finance infrastructure. Buhari stated that his administration take loans to solve the dire shortfall in infrastructure. The Nigerian leader spoke on Tuesday at a meeting with members of the Presidential Economic Advisory Council (PEAC) at the State House, in Abuja. President Buhari stressed that the …

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Adamawa Govt distributes 5,000 tonnes of fertiliser to farmers

The Adamawa State Government says it has procured 5,000 metric tonnes of fertiliser for distribution to farmers, to encourage agricultural productivity. Dr Dishi Khobe, the state’s Commissioner of Agriculture, stated this in an interview with the News Agency of  Nigeria (NAN), in Yola on Monday. Khobe disclosed that the fertiliser would be sold at N5,000 …

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NSE: Market indices resume with 0.05% marginal growth

The Nigerian Stock Exchange (NSE) opened trading on Monday with a marginal growth of 0.05 per cent following buying interest in Dangote Cement and 16 other equities. Speficially, the NSE All-Share Index grew by 13.64 points or 0.05 per cent to close at 25,605.59 from 25,591.95 recorded on Friday. Also, the market capitalisation which opened …

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Pension: PTAD paid N96bn across operational departments

The Pension Transitional Arrangement Directorate (PTAD) has paid over N96 billion across all the operational departments of the Federal Government between July 2019 and August 2020. The Executive Secretary of the directorate, Dr Chioma Ejikeme, made this assertion at a news conference in Abuja, on Wednesday. She said that the directorate paid over N77 billion …

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UNION BANK SUPPORTS NGOs THROUGH ‘UnionBetta’ DONATIONS

UNION BANK OF NIGERIA PLC SAID IT HAS DELIVERED ON ITS PROMISE TO SUPPORT CHARITABLE ORGANISATIONS WITH A PORTION OF PROCEEDS FROM THE UNIONBETTA SAVINGS PRODUCT. Launched in 2016, UnionBetta is a sub-account which allows Union Bank customers earn attractive interest rates for saving as little as N5,000 monthly. In return, the bank donates a …

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DAVID IBIYEOMIYE, BLOWS HOT, CALLED DADDY FREEZE BASTARD, SAYS’ YOU CAN’T INSULT OYEDEPO WHEN AM STILL ALIVE

General Overseer of Porthacourt based Salvation Ministries, Pastor David Ibiyeomiye and anointed men of God has warned leader of Free the Sheep Movement, Ifedayo Olarinde also known as Daddy Freeze to desist from attacking Bishop David Oyedepo if he does not want to incur his wrath. Ibiyeomiye who literally threw caution to the wind in …

DAVID IBIYEOMIYE, BLOWS HOT, CALLED DADDY FREEZE BASTARD, SAYS’ YOU CAN’T INSULT OYEDEPO WHEN AM STILL ALIVE Read More »

First international flight lands in Lagos after 5 months

There was palpable joy on Saturday as the first international flight landed at the Murtala Muhammed International Airport (MMIA), Lagos. The News Agency of Nigeria (NAN) reports that this was coming after five months of closure of the Nigerian airspace due to the lockdown occasioned by the Coronavirus (COVID-19) pandemic. The Middle East Airline (MEA), …

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Soul the Products

Soul: FIRST   SUPPLEMENT OF ITS   KIND With the creation of Soul, a new health category was introduced: seed-based nutrition. Along with the creation of this new category, combinations of health benefits became available that were never conceived before. Our seed-based supplements are potent, natural sources of nutrition that don’t include the potentially harmful or useless …

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Boyfriend Murdered By 25-Year-Old Girlfriend After Demanding For Abortion

A 25 years old girl, Miss Onyinye Chime has murdered her 29 years old boyfriend, Mr Azubuike Eleyi for suggesting she terminate a pregnancy that emanated from their friendship. Onyinye was said to have stabbed Azubuike to death when an argument ensued between them after she refused to terminate the pregnancy. The suspect was said …

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Nigeria/Ghana Row: Gbajabiamila meets Buhari, heads to Ghana

President Muhammadu Buhari meets behind closed door with Speaker, House of Representatives, Femi Gbajabiamila, at the State House, Abuja. Speaker Femi Gbajabiamila By Ismaila Chafe President Muhammadu Buhari on Tuesday met behind closed door with Speaker, House of Representatives, Femi Gbajabiamila, at the State House, Abuja. Speaking to State House correspondents at the end of …

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Access Bank Reacts To The Viral Video Of A Guy Who Claimed To Have Stolen Customers’ Data

Access Bank has assured customers of the safety of their personal information denying reports of a breach of its system. The bank said in a statement: “A video of an individual claiming to be in possession of our customers’ banking details such as BVN and Account Number, has been brought to our notice. “We urge …

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LASU STUDENTS TO RESUME IN BATCHES-VC

The Lagos State University has announced that its students would resume in batches. The Vice-Chancellor of the University, Prof. Olanrewaju Fagbohun, SAN, made this known on Monday. Lagos State Governor, Babajide Sanwo-Olu, had on Saturday announced that tertiary institutions will be allowed to open from September 14th, 2020, while primary and secondary schools may be …

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DISCLAIMER: LASU to Start Exam September 28, says Fagbohun

It has come to the attention of the Lagos State University Management of the malicious and fake rumour going round the social media that the Vice Chancellor, Professor Olanrewaju Fagbohun, SAN, NPOM, has said that students of the University will commence their First Semester examination on September 28, 2020. Members of the University Community (staff …

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Hostility: Ghana extends olive branch to Nigeria

Following the riot act read by the Federal Government to hostility towards Nigerians in Ghana, the Ghanaian authorities has extended the olive branch, promising commitment to warm relations with Nigeria.In a statement issued on Sunday, the Ghanaian authority said it would engage the Federal Government of Nigeria with a view to resolve comprehensively and exhaustively matters …

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Buhari, Emefiele, others for virtual CIBN banking, finance conference

President Muhammadu Buhari, among over 2,500 participants across the globe, are expected to participate in a virtual Banking and Finance Conference being organised by the Chartered Institute of Bankers of Nigeria (CIBN). Mr Patrick Akinwuntan, Chairman, Consultative Committee of 13h Annual Banking and Finance Conference and MD/CEO, Ecobank Nigeria, made the disclosure in a statement …

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Ghana defends $1m traders’ levy, faults Nigeria’s border closure, others

The Ghanaian Minister of Information, Kojo Nkrumah, on Sunday, defended the $1 million trade levy and other regulations imposed on Nigerian traders in Ghana, noting that Nigeria had equally issued executive orders preventing foreigners from getting jobs which Nigerians can do. The minister said it was astonishing that Ghanaian laws could be described as outrageous, …

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SANWO-OLU DIRECTS SCHOOL RESUMPTION, AS LAGOS RECORDS DECLINE IN POSITIVE COVID-19 CASES

•Tertiary Institutions Resume Sept. 14; Basic Schools, Sept. 21 •Governor Launches COVID-19 Care Pack For Home Treatment All tertiary institutions in Lagos State are to re-open for academic activities from September 14, 2020. This was the directive by Governor Babajide Sanwo-Olu at the 18th state-wide briefing held at the State House in Marina on Saturday. …

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Mali junta postpones transfer of powers meeting as cracks emerge

Mali’s military junta on Saturday postponed the first meeting on the transfer of power after rising tensions with the group that sparked the August 18 coup. The junta had invited civic groups, political organisations and former rebels to consultations on Saturday, but said in a statement that the meeting was postponed at the last minute …

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Checking violence and hate speech in Edo 2020 political campaigns

By Julius Enehikhuere, News Agency of Nigeria (NAN) The ongoing campaigns for the Sept. 19 Edo governorship election are characterised by violence and hate speech. No one is claiming responsibility. However, political observers say that almost all the political gladiators are guilty. Barely a month to the election, the fear of possible violence is palpable. …

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Polaris Bank appoints Innocent Ike acting MD/CEO

Innocent Ike Innocent C. Ike has been appointed as the acting managing director of Polaris Bank Limited. Ike’s appointment was announced by the bank’s board in a statement on Saturday. He will succeed Tokunbo Abiru, who recently retired from the bank after he was nominated by the All Progressives Congress (APC) in Lagos state as a replacement …

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A Sterling performance? Not quite, but commendable

Sterling Bank made N5.4 billion in profit for the Half-year 2020, falling shy of the N5.7 billion posted in the corresponding period of 2019. The continuing economic crisis and lull in activities triggered by the unprecedented corona-virus outbreak has manifested itself it terms of decreased activities; causing a dip in commercial bank’s lending operations and …

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WHEN GTBANK TURNS GAMBLER, USES CUSTOMERS MONEY TO PLAY BET

Funke Adeoye, a customer of GTBank is in sorrow presently as the bank defrauded her the sum of two hundred and thirty thousand naira, #230,000.00 on Saturday 15th of August 2020. Adeoye while recounting her ordeal to Ireportnews expressed her shock at the dubious act by the bank especially.“I don’t believe the bank can stoop …

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Shareholders urge collaboration to tackle unclaimed dividends

Shareholders on Monday called for collaboration of capital market operators involved in the e-dividend value chain to tackle the high rate of unclaimed dividends in the market. The shareholders in interviews with the News Agency of Nigeria (NAN) in Lagos, urged all players in the value chain to play their part in driving the initiative …

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What is Audit

INTRODUCTION TO AUDITING The word Audit is derived from a Latin Verb ‘Audire’ which means ‘to hear’. Various bodies and authors has defined auditing differently. The International Auditing Practices Committee (IAPC) stated that “Auditing is an Independent examination of and the expression of an opinion on the Financial Statement of an enterprise by an appointed …

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