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FBI: IGP RECEIVES PANEL REPORT ON DCP ABBA KYARI 

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IGP Usman Baba
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The Nigeria Inspector-General of Police, IGP Usman Alkali Baba has received the report of the NPF Special Investigation Panel (SIP) investigating the alleged indictment of the erstwhile Head of the Police Intelligence Response Team (IRT), DCP Abba Kyari by the Federal Bureau of Investigation (FBI).

According to a statement by the Force Public Relations Officer CP Frank Mba, The report was submitted by the chairman of the SIP, DIG Joseph Egbunike, at the Force Headquarters, Abuja on Thursday 26, August 2021.

The statement said, DIG Egbunike, while presenting the report, appreciated the IGP for the confidence reposed on him and the members of the Panel to conduct the probe. He noted that the Panel commenced investigations immediately it was inaugurated on 2nd August, 2021 and the report submitted is an outcome of a painstaking, transparent and exhaustive investigative process. He further revealed that the report presented contained the case file of the probe, evidences and findings as well as testimonies from DCP Abba Kyari and other persons and groups linked to the matter.

the statement added that the IGP, while commending the Panel for the work done, stated that the essence of the probe was to carry out discrete investigations into the allegation against the Officer to enable the Force leadership to be appropriately guided in its decision-making processes.

” The IGP assured that a careful and expeditious review of the recommendations would be undertaken by the Force Management Team and thereafter forwarded to appropriate quarters for necessary action(s). He reiterated as always, the commitment of the Force to justice for all.” CP Frank Mba said.

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2022 Ekiti Guber Poll: Biodun Abayomi Oyebanji is now the Governor Elect

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Ekiti Governor Elect, Biodun Abayomi Oyebanji
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Breaking: APC Governorship candidate Biodun Abayomi Oyebanji has emerged the winner of Ekiti Guber Poll with 187,057

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Breaking: Tinubu pays surprise visit to Osinbajo

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Vice President Yemi Osinbajo and APC Flagbearer, Bola Ahmed Tinubu
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Presidential candidate of All Progressives Congress APC, Ahmed Bola Tinubu, has paid a surprise visit to one of the aspirants in the just concluded presidential primary ,Vice President Yemi Osinbajo at his Abuja residence on Thursday night.

A source in the presidency said Tinubu had earlier visited the President at his residence in the Presidential Villa and afterward decided to make a surprise call on Osinbajo alongside Lagos State Governor Sanwo-Olu.

According to the source, Osinbajo was in a meeting with Senator Kabiru Gaya, former Defense Minister Rtd Major General Dan Ali, and other associates.

Vice President Yemi Osinbajo came third with 235 votes in the just concluded presidential primary in Abuja.

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Two years after, CBN jack up interest rate to 13%

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Godwin Emefiele - CBN Governor
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The Central Bank of Nigeria’s Monetary Policy Committee has jacked up benchmark interest to 13 per cent, 150 basis points above the previous rate.

It is the first change since September 2020.

Addressing journalists on Tuesday after the committee’s142nd and third meeting for the year at the CBN headquarters in Abuja, CBN, Emefiele said the action was to tame the rising inflation rate in the country.

He said the committee voted to maintain the CRR at 27 percent and the Liquidity Ratio at 30 percent while the asymmetric corridor of +200 and -700 basis points around the MPR was also adopted.

He was concern that the impact of the CBN development finance initiatives was being threatened by an astronomic rise in inflation rate and explained that the MPC was faced with the dilemma of managing two parallel trends at the same time.

The CBN governor, however, said the rate on development finance loans will remain at 5 percent till 2023.

“Six members voted to raise the MPR by 150 basis points, four members by 100 basis points and one member, by 50 basis points.

“Members expressed deep concern about the continued uptrend of inflationary pressure in spite of the gradual improvement in output growth.

“Committee notes that the current rise in inflation is inimical to growth and the full recovery of the Nigerian economy,” he said.

The committee urged the federal government to do more to provide a safe and secure environment for economic activities to stimulate growth.

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