Author: Platform Times Newspaper

The University of Ilorin (UNILORIN), located in Kwara State, has expelled a 100-level student from the Department of Information Technology within the Faculty of Communication and Information Sciences.  The student, identified as Olanrewaju Abdulkabir Abdulkadri, was expelled for allegedly demanding ransom from the parents of his missing colleague in exchange for their child’s safe return. The case came to light following an official statement published in the university’s weekly bulletin, which was signed by the Director of Corporate Affairs, Kunle Akogun.  The bulletin detailed the severity of the allegations against Abdulkadri, who had used the crisis of his missing colleague…

The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s licence, citing the bank’s persistent inability to improve its financial performance.  The decision, revealed in a statement by Hakama Sidi-Ali, Acting Director of the Corporate Communications Department at the CBN, is aimed at maintaining the integrity and stability of Nigeria’s financial system. In the statement released on Monday in Abuja, Sidi-Ali emphasized that the revocation aligns with the CBN’s mandate to foster a sound financial environment in Nigeria.  This action is supported by the powers vested in the CBN under Section 12 of the Banks…

The Nigeria Deposit Insurance Corporation (NDIC) has initiated the liquidation of Heritage Bank, promising to compensate depositors of the now-defunct financial institution with insured deposits of up to N5 million.  This follows the recent revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN). Bashir Nuhu, the NDIC’s Director of Communication & Public Affairs, made this announcement in a statement issued today.  He explained that the license revocation and subsequent liquidation are conducted under Section 12(2) of the Banks and Other Financial Institutions Act (BOFIA), 2020, which mandates the NDIC as the liquidator. In line with Section…

A High Court in Birnin Kebbi has sentenced Farida Abubakar to death by hanging for the murder of her ex-husband, Chief Magistrate Attahiru Muhammad-Ibrahim.  The judgment, delivered on Monday, brings to a close a high-profile case that has captured public attention since its inception. Farida Abubakar was arraigned on charges of murder on August 25, 2022, following the brutal killing of her former spouse. The prosecution filed the main charge on July 26, 2023, accusing Abubakar of fatally stabbing Muhammad-Ibrahim with a sharp object in his abdomen, neck, and left arm.  The attack led to the Chief Magistrate’s death, prompting…

In a dramatic turn of events, the ongoing strike by the Nigerian Labour Congress (NLC) has severely disrupted the airlifting operations of the National Hajj Commission (NAHCON), leaving thousands of Nigerian pilgrims stranded. The Muslim Rights Concern (MURIC) has sounded the alarm over the crisis, emphasizing the grave impact on the pilgrims’ plans and safety. Professor Ishaq Akintola, the Director of MURIC, issued a statement on Monday detailing the plight of the stranded pilgrims. He revealed that an aircraft dispatched to transport the pilgrims from Nigeria to Saudi Arabia was forced to return to Jeddah empty due to the strike…

Daud Olatunji The Nigeria Police Force (NPF) has issued a strong call to organised labour to reconsider its planned nationwide strike. The police in a press release signed by the Force Public Relations Officer,ACP Olumuyiwa Adejobi, stressed the need to adhere to legal procedures to prevent a breakdown of law and order.  The announcement comes in response to the organized labour’s recent declaration of their intention to strike in advocacy for the interests of all workers. The NPF acknowledged the right of organized labour to engage in strike actions but highlighted the importance of following existing laws governing such activities.…

 As the Organised Labour in Nigeria begins  a nationwide strike set to commence on Monday, June 3, 2024, the Sultan of Sokoto, His Eminence Alhaji Muhammad Sa’ad Abubakar, has made a fervent appeal for reconsideration.  Through a statement released by his media team on the night of Sunday, June 2, 2024, the Sultan implored the labour leaders to reconsider their planned strike in light of its potential impact on the country’s wellbeing. Addressing the labour leaders, the Sultan emphasized the adverse effects that the strike could have on the very citizens whose interests they aim to protect.  He urged them…

Governor Ademola Adeleke of Osun State said he inherited more than 80 per cent infrastructural deficit from the immediate past administration of the state. Adeleke disclosed this at a programme organised by the Osun Development Association in Lagos on Sunday, adding that his administration has ended half salary payment to workers. The theme of the programme was, ‘A celebration of Founding Members, Inauguration of Council of Elders, Induction of New Members and Thought Leadership’. Adeleke, represented by the Group Managing Director, Odua Investment Company Limited, Chief Lai Orilowo, said that he worked assiduously to solve the problem,…

Rivers State Governor Siminalayi Fubara has  expressed his astonishment at surviving his first year in office, given the intense political turmoil that erupted shortly after his inauguration.  Fubara, who assumed office on May 29, 2023, faced immediate and severe challenges, culminating in a significant political crisis by October 30 of the same year.  The crisis began with a fire incident in the State House of Assembly, which set off a chain of destabilizing events. Speaking at a Church Thanksgiving service to mark his first anniversary in office, Governor Fubara reflected on the precarious early days of his tenure.  “Some two…

Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has  identified the lack of a liquid foreign exchange market as a significant challenge for multinationals  exiting Nigeria.  He highlighted the government’s efforts to enhance the economic and investment climate to attract and retain international businesses. Edun explained, “One of the major drawbacks, one of the major impediments for them (exiting multinationals) was they did not have a liquid foreign exchange market.” To address this, the Nigerian government has introduced a willing buyer, willing seller foreign exchange market.  Edun noted that while this market is not yet at…