Oyedele confirms Nigeria has drawn first $1.5 billion under $5 billion Abu Dhabi financing deal

The Federal Government has confirmed it has accessed the first $1.5 billion from its $5 billion financing facility with First Abu Dhabi Bank (FAB), marking the initial drawdown from the loan arrangement. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this while briefing journalists after Monday’s Federal Executive Council (FEC) meeting…

State police will fail if built on thugs, party loyalists and vigilantes – Former AIG

Retired Assistant Inspector General of Police (AIG) Wilson Inalegwu has warned that Nigeria’s proposed state police system will fail if it is staffed with political thugs, vigilante members or loyalists of political parties instead of professionally recruited officers. Speaking on Channels Television’s The Morning Brief on Monday, Inalegwu said the success of state police would…

Saudi Arabia football chief quits after World Cup failure

Saudi Arabia Football Federation president Yasser Al-Misehal resigned from his position on Sunday following the national team’s disappointing early exit from the FIFA World Cup. Saudi Arabia finished bottom of Group H with two points, crashing out of the tournament after drawing against Uruguay and Cape Verde and suffering a defeat to Spain.…

Swiss Museums Repatriate 18 Looted Benin Artefacts to Nigeria

Nigeria has taken delivery of 23 looted Benin Kingdom artefacts from Switzerland, marking another significant step in the country’s ongoing campaign to recover its stolen cultural heritage. The returned collection comprises 18 Benin artefacts repatriated by three Swiss museums and five additional cultural objects that were previously confiscated by Swiss authorities. The artefacts,…

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