The Nigerian-American Chamber of Commerce (NACC) is set to celebrate its 65th anniversary with a grand gala dinner, featuring His Excellency, Vice President Kashim Shettima, as the Special Guest of Honour. The prestigious event will take place on April 12, 2025, at Lagos Continental Hotel, Victoria Island, Lagos, with the red carpet reception commencing at 5pm. Highlight of the evening will be the inauguration of Alhaji Sheriff Balogun as the 20th President of NACC. Alhaji Balogun will also unveil his leadership team, while outlining strategic initiatives to strengthen bilateral trade relations between Nigeria and the United States. As part of…
Author: Complete Lagos
President Bola Tinubu has reaffirmed his administration’s commitment to building a sustainable and globally competitive financial system to allow Nigerian banks and other financial institutions to thrive. The President, represented by Vice President Kashim Shettima, made the statement on Wednesday during the groundbreaking ceremony for the new state-of-the-art headquarters of First Bank of Nigeria at Eko Atlantic City in Lagos State. Shettima disclosed this in a statement posted on X.com on Wednesday. The statement read, “President #officialABAT has said that his administration is working assiduously to create a system that is sustainable and globally competitive, enabling Nigerian banks and other…
A building under construction at Oriwu Street in the Lekki Phase 1 area of Lagos State has collapsed, trapping several people under the rubble. The state police command’s spokesperson, Benjamin Hundeyin, disclosed in a statement on Wednesday that the incident happened at about 4 pm. Hundeyin added that 14 persons had been rescued from the rubble and taken to the hospital for medical attention. He wrote, “Operatives of the Lagos State Police Command have been mobilised to the scene of the collapse of a building under construction at Oriwu Street, Lekki Phase 1 which occurred at about 1600hrs today. “A…
The Federal Competition and Consumer Protection Commission (FCCPC) has filed a lawsuit against MultiChoice Nigeria and John Ugbe, its chief executive officer (CEO) for “violating” regulatory directives and obstructing an ongoing inquiry. FCCPC spoke in a statement on Wednesday signed by Ondaja Ijagwu, its director of corporate affairs. On February 24, MultiChoice officially announced an increase in the price of subscriptions for its DStv and GOtv packages, with effect from March 1. The announcement, which came nearly one year after its subscription rates were hiked, led to public criticism, forcing the FCCPC to intervene. In response, the FCCPC directed the…
Electricity consumers will pay a fine of up to N300,000 if they bypass their prepaid meters, the Nigerian Electricity Regulatory Commission (NERC) has said. This was contained in an amended Order on Unauthorised Access, Meter Tampering and By-Pass released on Tuesday. The fines range between N100,000 and N300,000, depending on the category the customer belongs to. Maximum demand customers are to pay between 450 and 600 per cent of their last recorded energy consumption if caught in the act of energy theft. According to the NERC, the Amended Order on Unauthorised Access, Meter Tampering, and By-pass replaces Order No: NERC/REG/41/2017…
The Lagos State Taskforce officials have arrested at least 44 street traders and vendors illegally occupying roadsides around the Mile 2 Oke Bridge. The chairman of the Agency, Chief Superintendent of Police, CSP Adetayo Akerele, who led the operation, said it was part of a renewed effort to maintain order and ensure free movement along major highways in the metropolis. According to Akerele, the exercise at the axis was carried out to address persistent complaints from motorists and commuters regarding obstruction, traffic congestion, and environmental hazards caused by illegal activities. The suspects were apprehended for violating the state’s environmental and…
The Federal Government (FG) of Nigeria has filed a lawsuit seeking to compel cryptocurrency exchange Binance to pay $79.5 billion for economic losses it says were caused by its operations in the country and $2 billion in back taxes. The government blames Binance, the world’s largest crypto exchange, for Nigeria’s currency woes and detained two of its executives in 2024 after cryptocurrency websites emerged as platforms of choice for trading the local naira currency. Binance, which is not registered in Nigeria, did not immediately respond to a request for comment. It has previously said it is working with the Federal…
The Chief of Defence Staff (CDS), General Christopher Musa, has declared that Nigeria would not tolerate disrespect from any country towards its citizens, emphasizing that Nigeria deserves respect on the global stage. Speaking at the Defence Headquarters in Abuja on Wednesday, General Musa dismissed claims that the Nigerian Armed Forces were not invited to the Invictus Games in Vancouver, Canada, an international event initiated by the Duke of Sussex. Addressing the visa denial experienced by several team members, General Musa revealed that the Federal Government is taking action to address the issue. “On the issue of the visa denial, it…
The ousted Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has denied reports linking him to some firearms allegedly uncovered at his office. It was reported on Tuesday that alleged 47 pump-action guns were discovered by officials of the Department of State Services during a visit to the assembly on Monday. Some versions of the reports claimed the weapons were found in Obasa’s office, while others suggested they were in the former Chief Security Officer’s office. In a statement released by his aide and signed by Obasa on Wednesday, the former Speaker described the report as a “concoction.”…
The Lagos State Police Command has denied reports of a kidnapping attempt in Victory Estate in the Okota area of the state, saying that the men in viral video had gone to the estate to visit a friend A video making the rounds on social media shows three men being interrogated by some residents of Victory Estate in the Okoto area of the state. In the viral video, the suspected assailants claimed they were in the estate to abduct someone. However in a statement released on Wednesday evening, the spokesperson of the Lagos State Police Command, CSP Benjamin Hundeyin, said…