ALL THE RELEVANT NEWS: FRIDAY

ALL THE RELEVANT NEWS: FRIDAY

🌎Stories from the Villa
President Buhari on Thursday signed three bills into law to improve the anti-money laundering and counter-terrorist financing/proliferation financing framework in Nigeria. The bills are: the Money Laundering (Prevention and Prohibition) Bill, 2022, the Terrorism (Prevention and Prohibition) Bill, 2022, and the Proceeds of Crime (Recovery and Management) Bill, 2022. He also signed into law, the National Health Insurance Authority Bill 2022.
* He has approved the appointment of Dr Adamu Tutuwa as the substantive Director-General and Chief Executive Officer of the Federal Institute of Industrial Research, Oshodi FIIRO, Lagos.
* He arrived the United Arab Emirates yesterday on a condolence visit to the new President, Sheikh Mohamed Al Nahyan, on the passing of the former president and Ruler of Abu Dhabi, Sheikh Khalifa Al Nahyan.

🌎Oil Monitor: Prices fell on Friday on course for little change on the week as a planned European ban on Russian oil balanced out investor concerns about weakening economic growth hitting demand. Brent futures for July were down10 cents, or 0.1%, to $111.94 a barrel by 0920 GMT
* The Nigerian Navy says its troops conducting Operation ‘Dakatar Da Barawo’ (OPDDB), have seized over six million litres of crude oil and arrested 20 suspects in weeks five and six of the exercise.

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🌎The National Bureau of Statistics (NBS) says the price of 12.5kg liquefied petroleum gas, better known as cooking gas, has increased by 89.10 per cent year-on-year.

🌎CBN has appealed to farmers, who defaulted in paying back the loans obtained under the Anchor Borrowers’ Programme (ABP) to pay back.

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🌎FG said on Thursday that the former Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu will face prosecution if eventually indicted by the panel that probed his tenure as EFCC boss.

🌎Seplat Energy Plc has announced the appointment of Basil Omiyi, CON, as the company’s new Independent Non-Executive Chairman, effective immediately.

🌎Security Stories: The Kaduna State Governor, Mallam Nasir El-Rufai, has raised alarm over the existence of Boko Haram and Ansaru terrorist enclaves, particularly in Birnin-Gwari and Chikun Local Government Areas of the state. The governor spoke on Thursday while receiving the first quarter security report which indicated that from January to March 2023, a total of 360 people were killed, while 1,389 others were abducted by terrorists across the state.
* The Indigenous People of Biafra (IPOB) has advised the General Overseer of the Deeper Life Bible Church, Pastor William Kumuyi, to cancel the planned crusade in Abia State because of security concerns in the South-East.
*The Police Command in Adamawa said its operatives killed three suspected kidnappers, arrested two others and rescued a victim in a joint operation with hunters in Fufore Local Government Area of the state.

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🌎Russia-Ukraine War: Ukraine’s military says Russia’s army is advancing in the areas of Lysychansk and Severodonetsk, in the eastern region of Luhansk and has intensified bombardment of the wider Donbas area, using heavy firepower to damage defences around the city of Donetsk
* Ukraine’s President Zelensky says Russian forces have “completely destroyed” Donbas, saying: “It is hell there”
* US senators have approved nearly $40bn (£32bn) in aid for Ukraine – the largest package of support since Russia invaded
* President Joe Biden says Finland and Sweden have his “complete backing” in their bids for Nato membership
* There are likely still hundreds of Ukrainian soldiers, include senior commanders, inside the besieged Azovstal steel plant in Mariupol. While a Ukrainian military official said evacuation of the plant goes on, one soldier said “the fight continues.”

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