NURTW Ban Indefinitely In Lagos State

The Lagos State Government has announced the indefinite suspension of the National Union of Road Transport Workers (NURTW) at Eyin Eyo, Church Street, and Idumota Bridge on the state island. This was revealed by the Special Adviser to the State Governor on Transportation, Oluwatoyin Fayinka, during a stakeholder meeting at Alausa with NURTW, Central Busines District, CBD, and Lagos State Market Women Association (Iya Oloja General and Iya Oloja of Lagos Island).

Ponzi Schemes Operators To Bag 10 Years Jail Term - Reps

The House of Representatives has passed a bill for the second reading, recommending a 10-year prison sentence for operators of Ponzi and pyramid schemes as well as other forms of fraudulent investments. The bill which was proposed by Chairman of the House Committee on Capital Market, Babangida Ibrahim, seeks to protect the integrity Nigerian Capital Market. Babangida Ibrahim noted that current trends in capital markets regulation, over 14 years after, have made it necessary to make major improvements to the Act so as to align the Nigerian market with international standards.

Hanifa Abubakar: Kano Govt. Suspends Private Schools

The Kano State Government has suspended the operational license of all private schools in the state, following kidnap and subsequent murder of five-year old school pupil, Hanifa Abubakar, by her teacher, Abdulmalik Tanko. The development provoked nationwide outrage with many calling for the suspect’s execution. The state’s Commissioner for Education, Sanusi Kiru, announced the suspension in a press conference on Monday. On the suspension of the operational licences for private schools, Mr Kiru said the government will set up a special committee for guidance on the next line of action.

EFCC Invites AMCON MD Regarding Corruption Allegations

According to reports, the Economic and Financial Crimes Commission (EFCC) is questioning the Managing Director (MD) of the Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, in regards to allegations related to assets diversion and sale of assets.