UncleSam's BLOG news

President Buhari writes Senate, requests $800m World bank loanPresident Buhari has sent a letter to the Senate seeking approval to take a loan of $800 million from the World Bank to cushion the effects of subsidy removal. Recall that in April, the Federal Government announced that as part of its …

Sale Mamman, former minister of power, has been arrested and detained by the Economic and Financial Crimes Commission (EFCC) in connection with an alleged N22 billion fraud. Mamman, who was minister under President Muhammadu Buhari from 2019 to 2021, was arrested in the early hours of Wednesday and is being …

A 23-year-old student of Adekunle Ajasin University, Akungba Akoko in Akure Ondo State, (names withheld) on Tuesday, narrated to an Ikeja Special Offences and Domestic Violence Court how she was allegedly raped by the founder of her church, Oluwafeyiropo Daniels, of I Reign Christian Family Church. The witness, who is …

The Presidential Petition Election Court (PREPEC) has dismissed the petition by the Action Peoples Party (APP) challenging the February 25 presidential election. The five-member panel of justice led by Justice Haruna Tsammani, on Wednesday, dismissed the matter after the party announced its withdrawal . At the resumed hearing, counsel to …

Femi Otedola, a multibillionaire businessman, has disclosed that his bid to pay $250 billion for the Nigerian company Transcorp Corporation Plc was turned down. Weeks after the businessman bought holdings in Transcorp and sold the shares, this was revealed on Tuesday in a statement he sent to TheCable. He disclosed …

Despite the ban placed on cryptocurrency trading by the federal government, Nigeria topped the list of countries where citizens use cryptocurrency regularly. According to data presented by BitcoinCasinos.com, Nigeria and Turkey lead in crypto ownership, with 47 per cent and 31 per cent of the population respectively owning a cryptocurrency …

The Supreme Court on Tuesday sealed the election of Governor Ademola Adeleke of Osun State, upholding the declaration of the governor as the winner of the July 2022 election. The decision of the court followed an appeal brought before it by former governor and candidate of the All Progressives Congress …

The Oyo state government has demoted six teachers for their alleged involvement in examination malpractices. Oyo State Post Primary Schools Teaching Service Commission (TESCOM) said the teachers were involved in examination malpractices during the 2022 Senior School Certificate Examination, conducted by the West African Examinations Council (WAEC).Popoola Akeem Abiola, from …

In an unexpected turn of events at the presidential election tribunal today, Peter Obi, the presidential candidate of the LP party, inadvertently found himself in the midst of controversy when he was caught on camera taking an unplanned nap. The incident quickly spread across social media platforms, triggering a wave …

Prof. Wole Soyinka, a Nobel laureate, disagrees with the notion that Peter Obi’s visit to him on Sunday was an act of reconciliation.Remember that on Sunday, Labour Party presidential candidate Peter Obi met with Nobel Prize winner Prof. Wole Soyinka. He tweeted that the encounter was enriching. Obi also expressed …