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The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called on the Federal Government to urgently  evaluate  the level of its domestic indebtedness and develop a framework for settling these debts. The committee, in a communique issued at the end of its two-day meeting held at the headquarters of the CBN in Abuja, warned that the huge government indebtedness to economic agents had slowed down business activities. In the communique, which was read by the CBN Governor, Mr. Godwin Emefiele, the committee noted that the development was not good for the economy as it was compromising the integrity of the financial system. While reiterating that monetary policy alone could not address the current economic crisis, the CBN governor noted that the committee called for an enrichment of fiscal and other sector initiatives and interventions towards resolving the growth challenges in the economy. He said these interventions were vital in order to promptly revive

An Islamic cleric, Alfa Ganiyu Umaru, is being detained by the police for allegedly killing his landlord in one-storeyed building in Agbotikuyo bus stop, Ipaja, Lagos State.          This is just as relatives and friends of the 45-year-old victim, Tajudeen Popoola, said they had yet to come to terms with the reality of his death. Punch  Metro learnt that Umaru, who hails from Ilorin, Kwara State, and Tajudeen had been at loggerheads for some time over Umaru’s alleged immoral behaviour. He was said to have criticised the cleric for drinking and performing rituals on the ground that such acts contravened Islamic doctrines. It was said the criticism usually resulted in exchange of words between both. The matter, however, came to a head when Tajudeen returned from a football viewing centre around 8pm on Sunday and reportedly met Umaru and his friends drinking alcohol in front of the building. The landlord was said to have rebuked the suspect, leading to an altercation after wh

The Lagos State command has reacted to the story of a 7-year-old boy reportedly burnt to death in Lagos for stealing garri.     The story was trending in the early hours of Wednesday, November 16 on social media specifically on Facebook. The Lagos Police Command said in a statement on Thursday, said there was nothing to suggest that the incident happened at the locations locations mentioned, but said it was carrying out preliminary investigation on the incident. The statement reads: “The Lagos Command in the early hours of 16/11/2016 came across the above report through the social media. “Although there are different versions about the location where the incident occurred, a version of the report stated that it took place at Orile while another indicated that it happened in Badagry. “At the receipt of this complaint, the Commissioner of Police, CP Fatai Owoseni, directed the DPOs in charge of those jurisdictions to ascertain the occurrence and brief the command

A car thief, who uses a device he called ‘Try Your Luck Key’ to steal vehicles from where they are parked, has landed in police net in Enugu. The suspect, Ikechukwu Isaiah, reportedly hails from Abia State but resides in New Nyanya, Nasarawa State. Southern City News learnt that the police in Enugu had been on Isaiah’s trail since August, when he stole a Toyota Camry, with registration number BJ 697 UWN. It was gathered that Isaiah stole the vehicle from where it was parked at Otigba junction in Enugu. Isaiah was said to have committed the crime on the same day he arrived Enugu from Abuja. The spokesman, Enugu State Police Command, Mr. Ebere Amaraizu, who confirmed the development, said Isaiah stole the vehicle shortly after the commercial transit bus which brought him to Enugu dropped him at Otigba junction in the early hours. Amaraizu added that the suspect had changed the colour and registration number of the stolen vehicle before he was arrested in Nas

Oliver Honiol, the leader of a gang of armed robbers, kidnappers, cattle rustlers and car snatchers disclosed, yesterday, that the gang’s arms supplier was an Assistant Superintendent of Police, ASP, Yuguda Abbah, who was also in charge of the armoury and exhibit keeper of recovered arms and ammunition.  The gang leader said his gang got 16 AK-47 rifles from the officer and paid between N230,000 and N250,000 for each. Honiol, leader of the 45-member gang, who hails from Song in Adamawa State, made the disclosure while being paraded with other members of the gang, noting that another policeman, Sergeant Habila Sarki that introduced him to ASP Abbah, the supplier of the arms.  However, Force Public Relations Officer, DCP Donald Awunah, who paraded the suspects and the cache of recovered arms and ammunition, disclosed that ASP Abbah, Sergeant Habila and seven other police officers who had been aiding and abetting kidnapping, robbery and cattle rustling in the North-East, ha

For the Orioha family of Umuezeagu, Nsulu, Isiala Ngwa North Council Area of Abia State, Wednesday, November 9, 2016, would remain a sad day for them forever. This was the day their 36 –year-old wife and mother of four, Mrs. Amaechi Orioha, was burnt to death by political thugs while she was in her office at Okpuala, the headquarters of Isiala Ngwa North Council. It was the day Abia State Chapter of  PDP held primary election to select chairmanship candidates ahead of next month’s Local Government elections. It was a huge shock, pain and grief for the Oriohas that their wife who like any other day, went to work but could not return. Rather, what they heard was the devastating news that she was trapped in the office of the Chairman of the council where she worked as a clerical officer. Since then, life has not been the same for her 51- year- old husband/ farmer, Mr. Emmanuel Orioha and his four children, two boys and two girls and indeed, the entire Orioha family.

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