Author: Rareview

By Ono Yima Deputy Speaker of the House of Representatives, Benjamin Kalu, has declared that President Bola Ahmed Tinubu will receive over 70 percent of the votes from the South East region in the 2027 general elections, citing the President’s commitment to the development of Igbo land. Speaking on the political realignment of the region, Kalu stated, “We are promising the President, 70 to 80 percent of votes from Igboland. Let us continue to remain as people that love peace and unity.” The Deputy Speaker recalled the unfulfilled promise made during the regime of former Head of State, General Yakubu Gowon, to rebuild, rehabilitate, and reintegrate the people of the South East following the civil war that ended in 1970. The war led to the deaths of over 3 million people, yet decade...

Image source: Realnews By Ono Yima Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has warned that it may shut down operations of Facebook and Instagram in Nigeria due to increasing regulatory pressures and what it describes as 'unrealistic' demands from the government. The warning was contained in a recent court filing obtained by the BBC. It follows a $220 million fine imposed on Meta by Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) over alleged violations of data privacy regulations. The fine stems from a 38-month joint investigation carried out by the FCCPC and the Nigeria Data Protection Commission (NDPC) into Meta’s data handling practices, particularly involving WhatsApp. On April 25, a competition and consumer pro...

Photo Source: Sahara Reporters By Ali Elias  “Defendants provide no rationale whatsoever as to why their search for documents should take 90 days.” — Aaron Greenspan The FOIA lawsuit, brought by Greenspan—founder of the PlainSite platform—seeks to obtain U.S. federal records allegedly linking Tinubu and others to a Chicago-based drug network. Alongside Tinubu, the request names Lee Andrew Edwards, Mueez Abegboyega Akande, and Abiodun Agbele.In April, Judge Beryl Howell ruled that previous FBI and DEA refusals to confirm or deny the existence of the records—known as “Glomar responses”—were insufficient and ordered a full or partial disclosure of non-exempt records. Agencies Cite Need for More Time In the latest joint status update, the FBI and DEA disclosed that they hav...

By Ali Elias Guaranty Trust Holding Company Plc (GTCO) has announced a staggering N300.4 billion profit before tax for the first quarter of 2025, reinforcing its position as a top player in Nigeria’s financial sector—even as concerns mount over the growing number of charges imposed on customers. The unaudited results, submitted to both the Nigerian Exchange Group and the London Stock Exchange, reflect strong performance in core banking activities. Interest income rose by 41.1% year-on-year, while fee and commission income jumped 41.2%—a development likely tied to increased transaction charges across banking platforms. This profit performance was achieved despite the absence of the exceptional N331.6 billion fair value gain recorded in Q1 2024, highlighting the bank’s solid underly...

By Ali Elias According to News Agency of Nigeria (NAN), the Corporate Affairs Commission (CAC) has issued a six-week ultimatum to all businesses operating in Nigeria to comply with the registration requirements under the Companies and Allied Matters Act (CAMA), 2020.In a circular released on Tuesday in Abuja, the commission warned that failure to comply within the grace period would attract legal consequences.“This includes legal action against any company, limited liability partnership, limited partnership or business name found operating without registration or using a name different from its registered identity,” the statement read.The CAC reminded business operators that under Section 863 of CAMA, it is a criminal offence to operate without proper registration or to use a name or ac...