Author: Platform Times Newspaper

Daud Olatunji The Central Bank of Nigeria (CBN) has imposed a new recapitalization requirement of N500 billion on commercial, merchant, and non-interest banks .  This development comes amidst the backdrop of prevailing macroeconomic challenges and various external and domestic shocks. In a statement signed by Haruna Mustafa, the Director of the Financial Policy and Regulation Department at the CBN, the apex bank highlighted the necessity of this increase to bolster the resilience, solvency, and capacity of banks in supporting the growth of the Nigerian economy. Under the new guidelines, commercial banks with international licenses are required to increase their capital…

Supporters of the Social Democratic Party (SDP) and its gubernatorial candidate, Murtala Yakubu Ajaka, erupted in jubilation as the Federal Capital Territory (FCT) High Court representative at the Kogi Election Tribunal revealed that Governor Usman Ahmed Ododo’s affidavit was fraudulent and not issued by the court. The tribunal, amidst the electoral dispute stemming from the November 11, 2023 Kogi election, witnessed Ajaka’s lawsuit against Ododo for alleged certificate forgery, seeking to invalidate his election victory. Ajaka had vehemently contested the authenticity of Ododo’s age declaration, asserting it was issued on a non-working day, Saturday, August 2, 2003. The revelation surfaced…

Daud Olatunji Akinyemi Olatoye, popularly known as Alawiye Federation, has announced the enduring presence of the annual charity and praise festival, Alagbawi Nla.  Speaking exclusively to PLATFORM TIMES, Alawiye declared that the festival, which has been a hallmark of his birthday celebrations for eight years, will remain a fixture in Nigeria for as long as he resides in the country. He disclosed that the  genesis of Alagbawi Nla dates back six years ago, originating from a divine calling guided by the Holy Spirit.  Alawiye recounted how a tradition of midnight praise sessions during his birthdays led to the expansion of…

The Federal Capital Territory High Court in Jabi, Abuja, has delivered a significant verdict in the long-standing Malabu oil scandal case, acquitting and discharging former Attorney-General of the Federation, Mohammed Adoke, of all charges brought against him by the Economic and Financial Crimes Commission (EFCC). Justice Abubakar Kutigi, presiding over the case, ruled on Adoke’s no-case submission, emphasizing the EFCC’s failure to substantiate charges of fraud, bribery, and money laundering against the former minister.  In a landmark decision, Justice Kutigi declared that Adoke had no case to answer and acquitted him on all counts.  Additionally, the court noted the absence…

In a heartwarming gesture, Kaduna State Governor, Uba Sani, has announced full scholarships for the 137 schoolchildren from LEA Primary School and Government Secondary School who were recently rescued from captivity. Addressing the children at the Government House, Kaduna, Governor Sani pledged free education for the rescued children, emphasizing his commitment to their well-being.  He also revealed plans to renovate both the school and the Kuriga community under the auspices of the Uba Sani Foundation. Governor Sani expressed gratitude to the children for their patience and resilience during their traumatic ordeal.  He highlighted the psychological support provided to them, including…

In a surprising turn of events, members of the former Rivers State People’s Democratic Party (PDP) presidential campaign council for the 2023 general elections have thrown their weight behind President Bola Ahmed Tinubu and Rivers State Governor, Siminilayi Fubara. Addressing the press in Port Harcourt on Thursday, Dr. Abiye Sekibo, the former director general of the PDP campaign council, revealed that the group had unanimously declared its support for President Tinubu and Governor Fubara. Sekibo explained that following a meeting of the former Rivers State PDP Presidential Campaign Council and members of the PDP in Rivers State, they decided to…

The tranquility of Anambra State was shattered as gunmen launched a brazen attack on the Neni divisional police station in Anaocha LGA, according to a statement from the state’s police command. Tochukwu Ikenga, spokesperson for the command, disclosed that the assailants targeted the police station with improvised explosive devices (IEDs), causing damage to a section of the building.  Despite the ferocity of the attack, no casualties were reported, and the police officers on duty valiantly repelled the attackers, forcing them to flee the scene. Ikenga reassured the public that no officer was abducted, and no firearms were seized during the…

Kentucky Fried Chicken (KFC) Nigeria, an international fast food restaurant chain, has issued a formal apology to Adebola Daniel, son of Gbenga Daniel, former governor of Ogun State, following allegations of discriminatory treatment. In a statement released on Thursday, KFC expressed deep regret for the distress experienced by the customer and vowed to take swift action to address the issue. The incident, which occurred on March 27 at the KFC outlet in the Murtala Muhammed International Airport (MMIA) branch, was brought to light by Daniel himself through his official social media page. Daniel recounted being denied entry to the restaurant…

Ademola Adeleke, the Governor of Osun State, has announced plans to issue an executive order pardoning all women unjustly incarcerated in the state. In a statement released by Olawale Rasheed, the Governor’s Chief Press Secretary, Adeleke made this declaration following extensive intergovernmental discussions between the Osun government and the Ministry of Women Affairs in Abuja. Adeleke emphasized that he had instructed the state’s Commissioner for Justice to draft the executive order, citing the spirit of Lent, Easter, and Ramadan as his motivation. Furthermore, the Governor disclosed that the Justice Ministry would compile a comprehensive list of affected women from across…

Daud Olatunji Segun Olatunji, Editor of FirstNews Online Newspaper, has bravely shared his harrowing experience while in captivity after being abducted by gunmen in military uniform. The terrifying incident unfolded on March 15 when armed assailants stormed Olatunji’s residence in the Iyana Odo area of Abule Egba, Lagos State, and forcibly abducted him. Recounting his ordeal during a press briefing organized by the leaderships of Nigerian Guild of Editors (NGE), Nigeria Union of Journalists (NUJ), and International Press Institute (IPI) shortly after his release, Olatunji revealed shocking details of his captivity. “At first, they put me in a cell. There…