Author: News Room

The House of Representatives Public Accounts Committee (PAC) says it has recovered ₦521.8 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of its ongoing probe into revenue leakages linked to transactions conducted through the Remita platform. The committee disclosed that the recovered sum represented VAT deductions on fees earned from Remita transactions that were not remitted to the federal government between November 2018 and April 2024. The recovery followed an investigation launched by the committee after the House mandated it to probe alleged revenue leakages, non-compliance with standard operating procedures, and breaches…

From being experimental tools of technology companies in the West, Artificial Intelligence (AI) has become an advanced mechanism redefining human existence from the way it has been for centuries. The corporate world’s massive restructuring, leading to the reduction of jobs, cutting of costs, and stratospheric efficiency levels are part of its now pervasive imprints. AI’s transformative effects on the health and education frontiers, alongside transportation, such as in powering autonomous vehicles are, no doubt, seismic. More profoundly, it’s clearly enroute to transform how other aspects of technology operate and indeed the nature of work. AI reincarnates the “brave new world”…

As part of efforts to rid the state of insurgents, troops of Joint Task Force (JTF) Operation Savannah Shield (OPSS) have apprehended five suspected bandits’/terrorists’ informants in separate operations conducted in Niger State. Captain Jamilu Muhammed Yahaya, Acting Media Information Officer, Headquarters Joint Task Force (North Central) Operation Savannah Shield, in a statement, said troops also recovered communication devices, cash, and other items linking the suspects to criminal activities. In another development, troops, while conducting a routine fighting patrol along the Doro axis in Wawa, Borgu Local Government Area of Niger State, apprehended three suspected bandits’/terrorists’ informants on 6 June…

Chairmen of the African Democratic Congress, ADC, across local government areas in Lagos State have called on the party’s National Working Committee, NWC, to respect the outcome of the party’s governorship primary and uphold the wishes of members. The appeal was contained in a communiqué issued after a meeting of the Forum of Local Government Area Chairmen of the ADC in Lagos State. The statement, signed by the forum’s Chairman, Anaere Ugochukwu, and Secretary, Oluwabukola Okeowo, alleged attempts to override the choice made by party members during the governorship primary process. The forum expressed confidence in the leadership of the…

Brazil head coach, Carlo Ancelotti, has made a daring assertion regarding his starting XI ahead of the World Cup. The Selecao triumphed over the Pharaohs of Egypt in their friendly game with goals from Endrick and Bruno Guimaraes at the FirstEnergy Stadium in Cleveland. The former Real Madrid manager, currently in his first national team role, will encounter Morocco in Brazil’s first match of the tournament. Following the friendly against Egypt, Ancelotti stated he has an idea of who will feature in his starting lineup for the clash with Morocco at the summer event. He remarked, through 101 Great Goals,…

Real Madrid have announced that Florentino Pérez has won the club’s presidential election, securing a new term at the helm of the Spanish giants. In an official statement issued via the club’s website on Monday morning, the club’s Electoral Board said, “With 100% of the in-person and postal votes counted, the candidacy headed by Mr. Florentino Pérez has won the elections for President and Board of Directors of Real Madrid.” According to the Electoral Board, Pérez’s ticket received 21,741 votes, representing 65 percent of the total votes cast. “The candidacy headed by Mr. Florentino Pérez obtained 21,741 votes, which represents…

Residents and road users in Abule Oko, Oke-Ayo, Magboro, Ogun State, have decried the worsening condition of the community road, describing it as dangerous, slippery and a threat to lives and livelihoods, particularly during the rainy season. PUNCH Metro gathered during a visit to the community on Tuesday that the road, which stretches from Abule Oko to Cele Bus Stop and connects areas such as Oke-Ayo, Igaun and Makogi, has deteriorated significantly over the years, making movement difficult for commuters, motorists, traders and residents. Our correspondents observed that following a recent heavy rainfall, the road became nearly impassable, forcing some…

The Nigeria Democratic Congress has announced a series of resolutions aimed at strengthening internal party structures, promoting accountability, and reinforcing party supremacy as part of efforts to institutionalise the party. The resolutions were contained in a statement issued on Sunday by the party’s National Publicity Secretary, Osa Director, following the second meeting of the National Executive Committee. According to the party, it is committed to building “a strong and enduring institution” and ensuring that governments elected on its platform remain accountable to the party structure. “The NDC is committed to building the party as a strong and enduring institution, with…

Marketing leaders, business executives and communications experts have called for a redefinition of the Chief Marketing Officer’s role, urging marketers to move beyond traditional brand management and focus on enterprise leadership, business growth and value creation. The call was made on Thursday at the CMO Circle held at The Wheatbaker Hotel, Ikoyi, Lagos, under the theme, “The C-Suite Mandate: Talent Density and Marketing Leadership.” The session, chaired by Lolu Akinwunmi and Iquo Ukoh, brought together senior executives to examine the future of marketing leadership, talent development and the evolving expectations of marketing professionals. Speaking at the event, the Business Executive…

Nigeria’s fencing sensation Brou Inkosi emerged as the country’s best performer at the 24th African Fencing Championships in Abidjan, Ivory Coast over the weekend, finishing seventh in the men’s sabre event. Inkosi competed alongside compatriots Oluwafolayemi Akinyosoye and Phoenix Olen, facing a tough field that included 2024 Olympic silver medalist Fares Ferjani of Tunisia and defending champion Ahmed Hesham of Egypt. Hesham went on to secure back-to-back titles, adding Abidjan to his Lagos 2025 triumph. Starting in Pool 1 with Hesham, Inkosi lost narrowly to Hesham (1-5) and Libya’s Mohamed Abujnah (4-5), but bounced back with victories over opponents from…