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  President Bola Tinubu has suspended the chairperson of the Economic and Financial Crimes Commission, Abdulrasheed Bawa. The suspension, which is indefinite, was contained in a statement released on Wednesday night by the Office of the Secretary to the Government of the Federation. The statement signed by Willie Bassey said the suspension is to allow for a proper investigation into his conduct while in office. Read the full statement below: OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION 14th June, 2023 PRESS RELEASE PRESIDENT BOLA AHMED TINUBU SUSPENDS BAWA INDEFINITELY FROM OFFICE AS CHAIRMAN ECONOMIC & FINANCIAL CRIMES COMMISSION President Bola Ahmed Tinubu, GCFR, has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, CON, as the Chairman, Economic and Financial Crimes Commission (EFCC) to allow for proper investigation into his conduct while in office. 2. This follows weighty allegations of abuse of office levelled against him. 3. Mr Bawa has

  On Monday, June 12, 2023, the President, Bola Tinubu, signed into law the Student Loan Bill. The bill, which will enable Nigerian students to have access to interest-free loans, was introduced by the outgoing speaker of the House of Representatives, Femi Gbajabiamila. It was reported that the piece of legislation passed second reading at the lower house on May 23, 2023. With the establishment of an education bank, tertiary institutions owned by the Federal Government may now be at liberty to introduce tuition fees, experts in the higher education sector have argued. Already, some universities owned by the Federal Government have started announcing an increase in tuition fees. For instance, The PUNCH in December 2022 exclusively reported how some Federal Government-owned universities announced a 200 per cent hike in fees. It is believed that the introduction of the education bank will help address the funding gap in tertiary institutions. According to the bill, which was sighted by ou

The National Population Commission on Friday, clarified, that the criticisms over the postponement of the 2023 Population and Housing Census, which was widely believed to be due to insufficient funds, was misinterpreted. The Commission explained that contrary to such insinuations, the NPC postponed the census exercise to save Nigeria from a national crisis. The Federal Commissioner in Plateau State, Mrs Cecilia Dapoet made this disclosure on Friday during a meeting with stakeholders in Jos, the state capital. The Commissioner said, “The Census exercise was earlier scheduled for May 3-7, 2023, but was postponed, giving rise to many insinuations in the public space regarding the reason for the postponement and these even though are mere speculations had been given much media attention. “The Commission is compelled to take necessary steps to correct the impression that the 2023 Population and Housing Census is postponed because of lack of funds. “The real reason is not money, but gover

  Godwin Emefiele, Suspended CBN Governor. The battle for freedom has begun for the suspended Governor of the Central Bank of Nigeria, Godwin Emefiele. He was arrested by DSS on Friday. The arrest was reported shortly after President Bola Tinubu suspended Emefiele. According to the president, Emefiele was suspended due to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. Prior to Emefiele’s suspension, the DSS, on December 7, 2022, in an exparte application with reference no: FHC/ABJ/CS/2255/2022, sought an order to arrest the CBN Governor. The security agency accused Emefiele of financing terrorism, fraudulent activities and economic crimes of national security dimension. The Chief Judge of the Federal High Court, Justice J.T Tsoho, however, refused to grant the application of the DSS. The court said such an application should have been accompanied with the presidential approval because of the grave implications for the Nigerian ec

  President Bola Tinubu has approved the new Electricity Act, which replaces the 2005 Electricity and Power Sector Reform Act. The Electricity Act was first passed in July 2022 in the administration of former President Muhammadu Buhari. The new bill seeks to promote private sector investments in the Nigerian power sector and de-monopolise the nation’s electricity generation, transmission and distribution at the national level. Below are 10 benefits of the assented 2023 Electricity Act: 1. The passage means that anyone may construct, own, or operate an undertaking for generating electricity not exceeding one megawatt in aggregate at a site, or an undertaking for distribution of electricity with a capacity not exceeding 100 kilowatts in aggregate at a site, or such other capacity as the Commission may determine from time to time, without a licence. 2. Electricity generation licensees are obligated to meet renewable generation obligations as may be prescribed by the Nigerian Electricity R