MEDIA ORGANISATIONS TO ENJOY FINANCING AT SINGLE-DIGIT INTEREST RATES- FG. (PHOTO). #PRESS RELEASE

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 Media Organisations to Enjoy Financing at Single-Digit Interest Rates - FG  President Bola Ahmed Tinubu has directed the Federal Ministry of Industry, Trade and Investment, through the Bank of Industry (BOI), to extend its single-digit interest-rate financing to media organizations in the country. The Minister of Information and National Orientation, Mohammed Idris stated this in Abuja on Wednesday when he received members of the Independent Broadcasting Association of Nigeria (IBAN) on a courtesy visit to his office.   According to the Minister, the gesture is in keeping with the administration’s resolve to create an enabling business environment for the media to operate in Nigeria. “Let me say that the Federal Ministry of Information and National Orientation under my leadership, as part of our five pillars, will support all media platforms in this country, whether they are public or private. “I can tell you that the President has directed the Federal Ministry of Industry, Trade and
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EX-CBN GOV. EMEFIELE GETS N50M BAIL. (PHOTO).

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 Ex-CBN Gov Emefiele gets N50m bail


Justice Rahman Oshodi of an Ikeja Special Offences Court on Friday granted embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele N50m bail. 


Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud  to the tune of $4.5 billion and N2.8 billion.


Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.


Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.


He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.


The judge said  he was satisfied  with the bail conditions of N1 million, earlier given  to  Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat  of Yaba High Court.


Oshodi, however, said the  bail documents must  be transferred to special offences court and registered in the Lagos State Bail Management System.

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