News
Court Awards N300m Damages Against DSS Over Illegal Detention Of Bayelsa Activist
A Bayelsa State High Court sitting in Yenagoa on Monday ordered the Department of State Security to pay N300 million in damages over the illegal arrest and detention of a youth activist, Collins Opumie, for over two years.
Opumie approached the court in 2022 to seek redress, demanding N9.0 billion in Suit number YHC/324/2022 as damages over his detention following a petition by the Nigerian Agip Oil Company.
In his ruling, the presiding judge, Ebiyon Charlie, declared that the claimant was forcefully imprisoned and should be awarded N300 million as compensation.
Reacting to the judgment, the claimant, Opumie, said he was satisfied with the judgment as his right was trampled upon, and he was denied medical attention during the period of his incarceration.
“I am happy even when all our expectations were not met. I thank all those who stood by me, the traditional rulers and my lawyer, for standing for the truth”.
In his statement of claims, he had accused the DSS in Yenagoa of allegedly abducting him at the instance of NAOC in Gestapo style, physically and mentally torturing him, tying up and throwing him into the boot of a vehicle, and taking him to Abuja like a common criminal without the knowledge of his family and access to medical care.
He had also prayed the court to declare that his arrest, torture, and subsequent detention without proper food and medical attention and access to family members for two years for false imprisonment and malicious prosecution were illegal.
He had sought an “injunction restraining the 2nd and 3rd set of defendants from further harassing or attempts to arrest and detain the claimant at the instance of the 1st set of defendants.”
By Kayode Sanni-Arewa
Prince Funso Ayeni, an Ikole born philanthropist and politician has donated the sum of N1,000,000 for the support of one Esther Fisayo Aluko Medical needs.
Fisayo Aluko, an Indigene of Ikole LGA part of Ekiti State is currently in need of fund running to millions of Naira to carry out a kidney transplant.
Prince Funso Ayeni made his support known via a Whatsapp platform created for the Indigenes of the LG.
“Good afternoon great citizens,
I am Prince Funso Ayeni (PhD)
I am deeply touched by the condition of Esther Fisayo Aluko, a young lady from Ikole Ekiti, battling kidney issue.
On behalf of myself, my family, and the entire Funso Ayeni Foundation (FAF), I have donated ₦1,000,000 (one million naira) towards her medical treatment ( receipt attached).
“I also appeal to our brothers and sisters from Ikole Local Government, both in and out of government, to rally their contacts and resources to support this urgent cause.
“Together, we can give Esther a chance to live a healthy life again.
By Kayode Sanni-Arewa
The naira is exchanging for ₦1,498 to 1 US Dollar at the parallel market (black market) in Nigeria.
This means that for every one dollar, you can get the equivalent in naira of ₦1,498 on February 26, 2025.
The black market rate signifies the value at which individuals can trade their dollars for naira outside the official or regulated exchange channels.
Note that the Black Market Exchange rate is typically higher than the official exchange rate because it is not regulated by the government
Today’s February 26 exchange shows that the naira has improved against the dollar, as it strengthened compared to what it traded on Tuesday, February 25, when the naira exchanged ₦1,499.
The value of any nation’s currency is determined by aggregate supply and demand.
The forces of supply and demand are themselves influenced by a number of factors, including interest rates, inflation, capital flow, and money supply.
The most common method to value currency is through exchange rates. The two main exchange rate systems are fixed rate and floating rate systems.
Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics
By Kayode Sanni-Arewa
The Chairman of FBN Holdings, Femi Otedola, has hosted music icons Burna Boy and Wizkid at his Lagos residence.
Otedola disclosed this in a post on his X handle on Wednesday.
Sharing a photo from the gathering, Otedola described the meeting as a privilege, expressing admiration for the impact of Afrobeats on the global stage.
He wrote, “A true privilege to host some of our biggest music icons @wizkidayo @burnaboy at my Lagos home. Always inspiring to share ideas and celebrate the global movement that is Afrobeats …F.Ote”.
Reacting to the post, Netizens applauded the gathering, describing it as a gathering of talent and vision
An X user, Ken Giami, who tweets as #ken_giami, “An incredible gathering of talent and vision! Afrobeats continues to shape global culture, and it’s always inspiring to see icons like #wizkidayo and #burnaboy leading the movement. Here’s to more growth and global impact!
Funso Ayeni donates N1m, appeals to citizens to support Fisayo Aluko medical needs
Naira again falls against Dollar – February 26
Billionaire Otedola Hosts Burna Boy, Wizkid, At Lagos Residence (Photos)
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