Good Morning. Here’s a recap of top trending news stories this morning.
1. President Bola Ahmed Tinubu has replaced Solomon Arase as the Chairman of the Police Service Commission (PSC). Ajuri Ngelale, presidential spokesman, who announced this in a statement on Monday, said DIG Hashimu Argungu (Rtd) has been appointed as the new chairman of the commission.
2. The Economic and Financial Crimes Commission (EFCC) has formed a team to investigate the alleged mismanagement of N423 billion by former Kaduna State Governor Nasir El-Rufai and key members of his administration. El-Rufai and key officials may be summoned for questioning, including former finance commissioners, accountants-general, and KADIRS chairmen during his tenure.
3. The Federal Government has declared Wednesday, June 12, 2024 as a public holiday to mark this year’s Democracy Day. In a statement on Tuesday, the Minister of Interior, Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Nigerians on the occasion.
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4. A group of over 30 lawmakers in the House of Representatives, known as the Reform Minded Legislators, are advocating for constitutional amendments to introduce the rotation of executive powers among the six geopolitical zones. They also propose a single six-year tenure for the President and Governors of Nigeria, which they say will reduce government spending, eliminate wastage, enhance governance efficiency, and promote national stability.
5. The Niger Delta Development Commission (NDDC) has proposed a N1.911 trillion expenditure for 2024, aiming to complete ongoing projects as per President Bola Tinubu’s directive. The budget includes N12 billion brought forward, N170 billion in arrears owed by the Federal Government and recoveries by federal agencies, and N1 billion in borrowing.
6. The Central Bank of Nigeria confirmed no plans to revoke licenses of Fidelity Bank, Wema Bank, Polaris Bank, and Unity Bank. Acting Director Mrs. Hakama Sidi Ali clarified rumors, blaming misinformation on unscrupulous individuals trying to create panic. She assured the safety of deposits, emphasizing the banking system’s resilience.
7. The trial for the alleged N2.7bn contract fraud involving the former Minister of Aviation, Hadi Sirika, began on Monday. Azubuike Okorie, a former Director of Procurement in the Federal Ministry of Aviation, testified against him. Sirika, along with his daughter, Fatima, son-in-law, Jalal Hamma, and their company, Al-Buraq Investment Limited, are facing charges in the case.
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8. Top development organizations, including the African Union, African Development Bank, IFAD, CGIAR centers, and the US Department of State, pledge to expand the Vision for Adapted Crops and Soils (VACS) for resilient African food systems. They made this commitment at the African Fertilizer and Soil Health Summit, urging African countries to align with AfDB’s TAAT initiative.
9. A total sum of N1.143 trillion May 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue was shared at the June 2024 meeting of the Federation Accounts Allocation Committee (FAAC), chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
10. The Tripartite Committee on National Minimum Wage, on Monday, submitted report to the Secretary to the Government of the Federation following the conclusion of its assignment. A report will be presented to President Bola Tinubu for action upon the return of labor leaders, government, and private sector representatives from the ILO Conference in Geneva, as stated by the Director of Information and Public Relations in the SGF’s office, Segun Imohiosen.
